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MCDONALDS CORP USD

Quick-service restaurant franchisor—burgers, beverages, and digital ordering worldwide.

Sector: Consumer discretionary

US_MCD

Price chart

248.46 USDDay -1.65%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
248.46 USD · -1.65%
Market cap
176.6 bn USD

Growth

Δ revenue y/y
3.7%
Δ EBITDA y/y
-8.7%

Multiples

P/E (LTM)
20.1x
3y avg: 25.1x
P/B (FY)
—
P/E (ann.)
18.7x
EV/EBITDA (LTM)
15.8x
3y avg: 18.7x
EV/EBITDA (ann.)
16.7x

Cash return

Dividend yield
3.0%
FCF yield (LTM)
4.5%

Value creation

fundamental value/yr, % of market cap
Value created / year
-8.8%
↓ details

Liquidity

Daily turnover (US listing)
1 bln USD

Shares: yahoo_fundamentals_timeseries/MCD

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-06-30Q2 2026 (3M)OK7.1
y/y 3.7%
3.3
y/y 3.3%
0.1
y/y -79.6%
3.4
y/y -8.7%
2.4
y/y 4.8%
2.8-0.859.9
y/y 0.6%
1.0
y/y —
-7184.8%53.8SEC EDGAR
2026-03-31Q1 2026 (3M)OK6.5
y/y 9.4%
3.0
y/y 11.5%
0.6
y/y 8.8%
3.5
y/y 11.1%
2.0
y/y 6.2%
2.4-0.760.0
y/y 6.6%
-1.3
y/y —
-515.6%53.7Link
2025-12-31Q4 2025 (3M)OK7.0
y/y 9.7%
3.2
y/y 10.0%
0.6
y/y 4.2%
3.7
y/y 9.1%
2.2
y/y 7.3%
2.7-1.159.5
y/y 7.9%
-1.8
y/y —
-433.1%43.1Link
2025-09-30Q3 2025 (3M)OK7.1
y/y 3.0%
3.4
y/y 5.3%
0.6
y/y 5.1%
3.9
y/y 5.3%
2.3
y/y 1.0%
3.4-1.060.6
y/y 7.9%
-2.2
y/y —
-123.4%53.4Link
2025-06-30Q2 2025 (3M)OK6.8
y/y 5.4%
3.2
y/y 10.7%
0.5
y/y 8.4%
3.8
y/y 10.3%
2.3
y/y 11.4%
2.0-0.759.6
y/y 10.7%
-2.8
y/y —
-290.1%54.0Link
2025-03-31Q1 2025 (3M)OK6.0
y/y -3.5%
2.6
y/y -3.2%
0.5
y/y 2.0%
3.2
y/y -2.4%
1.9
y/y -3.2%
2.4-0.656.3
y/y 5.3%
-3.5
y/y —
-206.1%51.5Link
2024-12-31Q4 2024 (3M)OK6.4
y/y -0.3%
2.9
y/y 2.3%
0.6
y/y 507.7%
3.4
y/y 18.2%
2.0
y/y -1.1%
2.6-0.855.2
y/y -1.7%
-3.8
y/y —
-183.3%39.1Link
2024-09-30Q3 2024 (3M)OK6.9
y/y 2.7%
3.2
y/y -0.6%
0.5
y/y 448.5%
3.7
y/y 12.6%
2.3
y/y -2.7%
2.7-0.856.2
y/y 7.8%
-5.2
y/y —
-60.1%52.2Link
2024-06-30Q2 2024 (3M)OK6.5
y/y -0.1%
2.9
y/y -5.9%
0.5
y/y 428.4%
3.4
y/y 7.0%
2.0
y/y -12.5%
1.7-0.653.8
y/y 6.7%
-4.8
y/y —
-167.5%51.2Link
2024-03-31Q1 2024 (3M)OK6.2
y/y 4.6%
2.7
y/y 8.1%
0.5
y/y 415.2%
3.2
y/y 23.4%
1.9
y/y 7.0%
2.4-0.553.5
y/y 2.9%
-4.8
y/y —
-161.8%50.0Link
2023-12-31Q4 2023 (3M)OK6.4
y/y —
2.8
y/y —
0.1
y/y —
2.9
y/y —
2.0
y/y —
2.5-0.856.1
y/y —
-4.7
y/y —
-177.1%34.8Link
2023-09-30Q3 2023 (3M)OK6.7
y/y —
3.2
y/y —
0.1
y/y —
3.3
y/y —
2.3
y/y —
3.0-0.652.1
y/y —
-4.9
y/y —
-62.7%46.3Link
2023-06-30Q2 2023 (3M)OK6.5
y/y —
3.1
y/y —
0.1
y/y —
3.2
y/y —
2.3
y/y —
1.7-0.550.4
y/y —
-5.0
y/y —
-171.5%46.8Link
2023-03-31Q1 2023 (3M)OK5.9
y/y —
2.5
y/y —
0.1
y/y —
2.6
y/y —
1.8
y/y —
2.4-0.552.0
y/y —
-5.8
y/y —
—46.2Link

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)690
Long-term debt (incl. LT leases)53 902
− Cash & equivalents822
Net debt53 770

Net debt / LTM EBITDA: 3.7x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02 0004 0006 0008 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-10%0%10%20%30%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Operating and investing cash flow (OCF + ICF) ($ mln)

-50005001 0001 5002 0002 5002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

020 00040 00060 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2021–2025 operating cash flow came to 1.20x of reported net profit; after capex, 0.86x.
year20212022202320242025
cash flow / profit1.21x1.20x1.14x1.15x1.23x
accruals, % of assets-3.0%-2.4%-2.0%-2.2%-3.3%
Last twelve months (to 2026-06-30): 1.29x of profit came back as operating cash flow.
net debt / EBITDA 3.0x · EBIT covers interest 7.8x · capex 2.3x of depreciation · dividends 67% of free cash flow · share count -1.2% a year
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -8.8%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (3 449 − 3 776) × 4.24
-1 386
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (176 556 + 53 770) ÷ 14 616
15.8x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (15.8 + 12) ÷ 2
13.9x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 221 + 2 585 + 897 − 0
3 703
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-1 386 × 13.9 + 3 703) ÷ 176 556
-8.8%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +4% vs +2% the year before — a +2.1 pp move. 3-year CAGR +5%.
revenue growth by year: 2023 +10% · 2024 +2% · 2025 +4%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — daily history

Current 16.2x · 3-year 75th pct 20.4x

EV/EBITDA3-year 75th pct

Peer comparison

Group: consumer (US). Every peer trades on the same market, so no adjustment is needed.

CompanyMarketCap, $bnEV/EBITDA
PEPSICO INCUS186.412.0x
Altria GroupUS124.413.1x
HOME DEPOT, INC.US317.615.0x
PROCTER & GAMBLE CoUS374.217.3x
MODINE MANUFACTURING COUS7.017.5x
MGM Resorts InternationalUS7.218.1x
TJX COMPANIES INC /DE/US160.618.1x
Philip Morris International Inc.US310.418.6x
Walmart Inc.US955.421.5x
COCA COLA COUS398.827.0x
COSTCO WHOLESALE CORP /NEWUS445.530.2x
Monster Beverage CorpUS90.231.5x
Group median18.1x
Group average20.0x
This companyUS176.615.8x

Group median 18.1x; this company 15.8x — a 13% discount.

Group average 20.0x; against the average this company is at a 21% discount.

At the adjusted group median the market cap would be +18% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 20.4x, Russia 3.7x, South Africa 5.0x, Kazakhstan 4.6x, India 18.6x, Indonesia 5.4x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-24; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-09-011.86 USDEx-dividend: 1.86 USD per sharePaidYahoo Finance (ex-div)
2026-06-021.86 USDEx-dividend: 1.86 USD per sharePaidYahoo Finance (ex-div)
2026-03-031.86 USDEx-dividend: 1.86 USD per sharePaidYahoo Finance (ex-div)
2025-12-011.86 USDEx-dividend: 1.86 USD per sharePaidYahoo Finance (ex-div)
2025-09-021.77 USDEx-dividend: 1.77 USD per sharePaidYahoo Finance (ex-div)
2025-06-021.77 USDEx-dividend: 1.77 USD per sharePaidYahoo Finance (ex-div)
2025-03-031.77 USDEx-dividend: 1.77 USD per sharePaidYahoo Finance (ex-div)
2024-12-021.77 USDEx-dividend: 1.77 USD per sharePaidYahoo Finance (ex-div)
2024-09-031.67 USDEx-dividend: 1.67 USD per sharePaidYahoo Finance (ex-div)
2024-06-031.67 USDEx-dividend: 1.67 USD per sharePaidYahoo Finance (ex-div)
2024-02-291.67 USDEx-dividend: 1.67 USD per sharePaidYahoo Finance (ex-div)
2023-11-301.67 USDEx-dividend: 1.67 USD per sharePaidYahoo Finance (ex-div)
2023-08-311.52 USDEx-dividend: 1.52 USD per sharePaidYahoo Finance (ex-div)
2023-06-021.52 USDEx-dividend: 1.52 USD per sharePaidYahoo Finance (ex-div)
2023-02-281.52 USDEx-dividend: 1.52 USD per sharePaidYahoo Finance (ex-div)
2022-11-301.52 USDEx-dividend: 1.52 USD per sharePaidYahoo Finance (ex-div)
2022-08-311.38 USDEx-dividend: 1.38 USD per sharePaidYahoo Finance (ex-div)
2022-06-031.38 USDEx-dividend: 1.38 USD per sharePaidYahoo Finance (ex-div)
2022-02-281.38 USDEx-dividend: 1.38 USD per sharePaidYahoo Finance (ex-div)
2021-11-301.38 USDEx-dividend: 1.38 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of MCDONALDS CORP — from primary filings.

Frequently asked questions

What is MCDONALDS CORP's P/E ratio?
MCDONALDS CORP trades at a P/E of 20.1x (price to trailing 12-month earnings).
What is MCDONALDS CORP's EV/EBITDA?
MCDONALDS CORP trades at 15.8x EV/EBITDA.
What is MCDONALDS CORP's dividend yield?
MCDONALDS CORP's trailing 12-month dividend yield is 3.0%.
What is MCDONALDS CORP's return on equity (ROE)?
MCDONALDS CORP's ROE is -123.4%.
What is MCDONALDS CORP's market capitalization?
MCDONALDS CORP's market cap is 176.6 bn USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map