McDonald's

Consumer Discretionary Restaurants Chicago, Illinois Last filing Feb 24, 2026 · FY2025

                    Revenue
                    FY2025
                
$26.9B
                    3y CAGR +5.1%
                    
                    P49
                    
                    +3.7%
                    
                    Net income
                    FY2025
                
$8.6B
                    Net margin +31.9%
                    
                    P100
                    
                    +4.1%
                    
                    Total assets
                    FY2025
                
$59.5B
                    ROA +14.4%
                    
                    P72
                    
                    +7.9%
                    
                    Operating cash flow
                    FY2025
                
$10.6B
                    FCF margin +26.7%
                    
                    P98
                    
                    +11.7%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 3 years

Total assets $59.5B

Total liabilities $4.4B

Shareholders equity $-1.8B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	2.9%	4.2%	18.0%
Accounts Receivable	9.2%	9.2%	9.8%
Inventory	0.2%	0.2%	0.2%
Prepaid Expenses	3.2%	4.1%	3.4%
Other Current Assets	3.2%	4.1%	3.4%
Total Current Assets	15.5%	17.7%	31.3%
Property,Plant and Equipment	105.0%	97.6%	97.7%
Goodwill	12.5%	12.1%	11.9%
Deferred Tax Assets	3.9%	30.7%	31.5%
Other Noncurrent Assets	23.5%	23.5%	22.0%
Total Assets	221.4%	212.9%	220.2%
Liabilities
Accounts Payable	4.3%	4.0%	4.3%
Accrued Liabilities	2.0%	1.9%	1.8%
Deferred Revenue	3.5%	3.0%	3.1%
Other Current Liabilities	2.6%	3.0%	3.7%
Total Current Liabilities	16.2%	14.9%	26.9%
Long Term Debt	148.7%	148.2%	145.7%
Deferred Revenue Noncurrent	3.5%	3.0%	3.1%
Deferred Tax Liabilities	3.9%	7.4%	6.6%
Other Noncurrent Liabilities	2.6%	3.0%	3.7%
Total Liabilities	16.2%	14.9%	26.9%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.1%	0.1%	0.1%
Additional Paid In Capital	35.9%	35.8%	34.9%
Retained Earnings	261.4%	257.8%	249.0%
Treasury Stock	295.0%	298.5%	292.8%
Accumulated Other Comprehensive Income	-9.0%	-9.8%	-9.6%
Total Stockholders Equity	-6.7%	-14.6%	-18.5%
Total Liabilitiesand Equity	221.4%	212.9%	220.2%

Income Statement

Revenue, expense, and profitability

18 accounts · 3 years

Revenue $26.9B

Operating income $12.4B

Net income $8.6B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Cost of Revenue	53.9%	54.8%	54.3%
Expenses Selling,General and Administrative	11.3%	11.0%	11.0%
Expenses Depreciation and Amortization	1.7%	1.7%	1.5%
Expenses Share Based Compensation	0.6%	0.7%	0.7%
Expenses Restructuring and Asset Impairment	0.9%	0.9%	1.1%
Expenses Operating Expenses	53.9%	54.8%	54.3%
Other Income Expense Operating Income	46.1%	45.2%	45.7%
Other Income Expense Interest Expense	5.9%	5.8%	5.3%
Other Income Expense Other Income/expense	0.3%	0.5%	0.9%
Other Income Expense Income Before Tax	12.2%	12.7%	14.4%
Income Tax Income Tax Expense	8.7%	8.2%	8.1%
net Income net Income	31.9%	31.7%	33.2%
net Income Comprehensive Income	32.4%	31.4%	33.3%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $10.6B

Investing cash flow $-3.8B

Financing cash flow $-7.1B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	31.9%	31.7%	33.2%
Operating Activities Depreciation and Amortization	1.7%	1.7%	1.5%
Operating Activities Stock Based Compensation	0.6%	0.7%	0.7%
Operating Activities Deferred Income Taxes	-0.5%	-2.2%	-2.7%
Operating Activities Changes In Operating Assets and Liabilities	0.4%	0.8%	3.9%
Operating Activities net Cash From Operating Activities	39.2%	36.4%	37.7%
Investing Activities Capital Expenditures	12.5%	10.7%	9.2%
Investing Activities Other Investing Activities	2.2%	1.9%	2.7%
Investing Activities net Cash From Investing Activities	-14.2%	-20.6%	-12.5%
Financing Activities Proceeds From Debt	17.6%	9.2%	20.5%
Financing Activities Repayment of Debt	17.9%	10.7%	9.6%
Financing Activities Repurchase of Common Stock	7.6%	10.9%	12.0%
Financing Activities Dividends Paid	19.0%	18.8%	17.8%
Financing Activities Proceeds From Stock Issuance	1.1%	1.3%	1.0%
Financing Activities Other Financing Activities	-0.6%	-0.2%	-0.2%
Financing Activities net Cash From Financing Activities	-26.5%	-28.9%	-17.2%
Cash Reconciliation Effect of Exchange Rate On Cash	0.3%	-0.4%	-0.2%
Cash Reconciliation net Change In Cash	-1.2%	-13.5%	7.8%
Cash Reconciliation Cash At Beginning of Period	2.9%	4.2%	18.0%
Cash Reconciliation Cash At End of Period	2.9%	4.2%	18.0%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+46.1%	+45.2%	+45.7%
Operating margin	+46.1%	+45.2%	+45.7%
Net margin	+31.9%	+31.7%	+33.2%
FCF margin	+26.7%	+25.7%	+28.5%
Growth
Revenue CAGR (3y)	+5.1%	+3.7%	+9.9%
Returns
ROE	-478.1%	-216.6%	-179.9%
ROA	+14.4%	+14.9%	+15.1%
ROIC	+9.6%	+12.1%	+17.0%
Liquidity
Current ratio	0.95x	1.19x	1.16x
Quick ratio	0.74x	0.90x	1.03x
Leverage
D/E	-2.43x	-1.02x	-1.46x
Interest coverage	7.83x	7.78x	8.56x
Efficiency
Asset turnover	0.45x	0.47x	0.45x
Cash conversion cycle	+6d	+9d	+8d

Valuation

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FY2025 fundamentals · no price

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McDonald's

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