MCD

McDonald's
D

MCD

Arincen80/100B

If you had invested in McDonald's ago, it would be worth $3,024 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

80/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

McDonald's key facts

Style
Dividend stock · 7.2/10Growth 3.6 · Value 6.1 · Dividend 7.2
Day range
273.13 – 275.62
52-week range
229.20 – 341.75
Market capitalization
194.39B USD
P/E
21.76
PEG ratio
3.24
EPS
12.66
Div Yield
2.80%
EPS growth forecast (FY2026)
+6.1%
Volume
21,093
Beta
0.43
ESG score
62.6/100Environment 58 · Social 61 · Governance 69
Sector
Consumer Cyclical
Industry
Restaurants
CEO
Christopher J. Kempczinski
Employees
150K
IPO date
21 Apr 1965

McDonald's earnings

Next earnings · Q4 FY2026
EPS estimate
3.20 USD
Revenue estimate
7.09B USD
Last quarter · Q3 FY2026
EPS3.57Beat +5.6%Revenue7.16BMissed -1.7%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20283.81———7.07B———
Q2 FY20283.67———7.01B———
Q1 FY20283.17———6.54B———
Q4 FY20263.20——+2.56%7.09B——+1.19%
Q3 FY20263.383.57+5.62%+10.87%7.28B7.16B-1.75%+1.12%
Q2 FY20263.323.38+1.81%+5.96%7.13B7.10B-0.42%+3.74%
Q1 FY20262.742.83+3.28%+5.99%6.47B6.52B+0.71%+9.44%
Q4 FY20253.053.12+2.30%+10.25%6.84B7.01B+2.50%+9.72%
Q3 FY20253.333.22-3.30%-0.31%7.08B7.08B-0.09%+2.97%
Q2 FY20253.143.19+1.59%+7.41%6.70B6.84B+2.17%+5.44%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

McDonald's analyst forecast

12-month price target
283.58 USD
+2.96%

Analysts' 1-year price targets range from 230.00 to 325.00, with an average of 283.58.

Past year
1-year forecast
Strong sellStrong buy
Buy
25 ratings
Buy
15
Hold
9
Sell
1

12-month price target

Highest target325.00
Average target283.58
Lowest target230.00
Current price275.43

McDonald's valuation

Price to earnings ratio (TTM)
21.76
Forward P/E (FY2026)
21.28
Price to sales (TTM)
7.00
EV / EBITDA (TTM)
16.81

Capital structure

Market capitalization
194.39B USD
+
Total debt
54.54B USD
−
Cash and short-term investments
1.19B USD
=
Enterprise value
247.74B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)18.97————
FY2027 (est.)20.1018.97———
FY2026 (est.)21.2820.10———
Now (TTM)21.7620.257.00—16.81
FY202525.4723.628.11-121.7418.54
FY202425.3223.888.03-54.8418.58
FY202325.5025.208.47-45.8519.07
FY202231.4122.348.37-32.3322.03
FY202126.5226.888.61-43.4820.09

McDonald's against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Starbucks, Yum! Brands, Chipotle Mexican Grill, Restaurant Brands International, and Darden Restaurants, the US Restaurants companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median21.8
    18.735.5
  • Gross marginHighest in 5 years57.4%
    54.2%57.4%
    Against its peers: 2 of 6Peers' median 41.1%
  • Operating marginHighest in 5 years46.1%
    40.4%46.1%
    Against its peers: 1 of 6Peers' median 16.9%
  • Net marginAt its median31.9%
    26.6%33.2%
    Against its peers: 1 of 6Peers' median 9.1%
  • Free cash flow marginAt its median26.7%
    23.7%30.6%
    Against its peers: 1 of 6Peers' median 12.1%
  • Revenue growthAt its median3.7%
    -0.2%20.9%
    Against its peers: 5 of 6Peers' median 8.8%
  • EPS growthAt its median4.9%
    -17.0%59.1%
    Against its peers: 4 of 6Peers' median 6.5%
  • Debt to EBITDABelow its median3.73×
    3.72×4.47×
    Against its peers: 3 of 6Peers' median 3.83×
  • Current ratioLowest in 5 years0.95
    0.951.78
    Against its peers: 4 of 6Peers' median 0.98

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

McDonald's growth and profitability

Revenue (TTM)
27.78B USD
Net income (TTM)
9.00B USD
Gross margin
57.20%
Operating margin
46.94%
Net margin
32.38%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202526.89B+3.72%8.56B+4.13%57.41%46.10%31.85%14.68B+5.23%
FY202425.92B+1.67%8.22B-2.90%56.75%45.19%31.72%13.95B+0.63%
FY202325.49B+9.97%8.47B+37.09%57.12%45.68%33.22%13.86B+27.13%
FY202223.18B-0.17%6.18B-18.13%56.97%40.42%26.65%10.90B-10.50%
FY202123.22B+20.90%7.55B+59.50%54.17%44.59%32.49%12.18B+33.72%

McDonald's revenue breakdown

By product

FY2025
High-Growth Markets: 50.7%UNITED STATES: 40.3%International Developmental Licensed Markets and Corporate: 9.0%50.7%High-Growth Markets40.3%UNITED STATES9.0%International Developmental Licensed Markets and Corporate
SegmentRevenueShare of revenueChange on the year
High-Growth Markets13.63B50.7%+8.0%
UNITED STATES10.83B40.3%+1.8%
International Developmental Licensed Markets and Corporate2.43B9.0%-8.8%

By region

FY2025
International Operated Markets: 50.7%United States: 40.3%International Developmental Licensed Markets and Corporate: 9.0%50.7%International Operated Markets40.3%United States9.0%International Developmental Licensed Markets and Corporate
RegionRevenueShare of revenueChange on the year
International Operated Markets13.63B50.7%+8.0%
United States10.83B40.3%+1.8%
International Developmental Licensed Markets and Corporate2.43B9.0%-8.8%

How McDonald's makes its money

High-Growth Markets13.63B 50.7%
UNITED STATES10.83B 40.3%
International Developmental Licensed Markets and Corporate2.43B 9.0%
Revenue26.89B 100.0%
Cost of revenue11.45B 42.6%
Gross profit15.44B 57.4%
Selling and administration3.04B 11.3%
Other operating expenses3.00M 0.0%
Operating income12.39B 46.1%
Tax2.33B 8.7%
Other expense1.50B 5.6%
Net income8.56B 31.9%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

McDonald's dividends

Annual dividend
7.72 USD
Dividend yield (indicated)
2.80%
Payout ratio
74.01%
Years of dividend growth
50
Frequency
Quarterly
Next payment
1.93 USD
Next ex-dividend date
1 Dec 2026
Next payment date
15 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share7.176.786.235.665.255.044.734.193.833.61

McDonald's financial health

Cash and short-term investments
1.19B USD
Total debt
54.54B USD
Net cash
-53.34B USD
Free cash flow (TTM)
7.49B USD
Current ratio
1.23
Piotroski score
7 / 9
Altman Z-score
4.80

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025774.00M54.81B7.19B
FY20241.09B51.95B6.67B
FY20234.58B53.09B7.25B
FY20222.58B48.70B5.49B
FY20214.71B49.35B7.10B

McDonald's ownership

Institutions
75.09%
Institutional holders
3,588 (-109)
Free float
99.95%

Who owns the shares

Institutions 75.1% Others 24.9%
As of 30 Jun 2026

Shares free to trade

Free float 705.46M shares ·100.0% Closely held 326.07K shares ·0.0%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q3 2026001.45K1.34K
Q2 2026058.23K19.19K
Q1 2026011545.35K222.26K
Q4 20250649.32K84.42K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025713.40M716.40M-0.76%
FY2024718.30M721.90M-1.42%
FY2023727.90M732.30M-1.21%
FY2022736.50M741.30M-1.40%
FY2021746.30M751.80M+0.23%

Source: Financial Modeling PrepVerified against SEC filings

Signals
hasan sayed
hasan sayed
2 weeks ago
sell
MCD
MCDMcDonald's @247.92
2026-10-28 04:20
MCD@247.92 Chart
Profit
-255.50
USD
-2.06%
Ahmed khalil
Ahmed khalil
3 months ago
buy
MCD
MCDMcDonald's @270.14
2026-07-27 13:50
MCD@270.14 Chart
Profit
25.50
USD
0.19%
sara abdelazim
sara abdelazim
3 years ago
buy
MCD
MCDMcDonald's @284.67
2023-08-24 10:17
MCD@284.67 Chart
Profit
12.00
USD
0.08%
More
Related Instruments

Title: McDonald's Corp

Sector: Consumer Cyclical
Industry: Restaurants
McDonald’s Corporation is an American fast-food chain founded in 1940 by brothers Maurice and Richard McDonald in San Bernardino, California. The company is synonymous around the world for its signature hamburgers, known as Big Macs. McDonald’s is headquartered in Chicago. The first ever McDonald’s restaurant was a drive-in that offered a wide selection of items. However, in 1948, the founding brothers revamped the business as a hamburger joint that could be franchised. The company’s famous logo, consisting of Golden Arches, was introduced in 1953. Today, McDonald's is the world's largest restaurant chain by revenue, serving as many as 70 million customers a day in over 100 countries. With over 40,000 branches around the world, the company earns significant revenues from the rent, royalties, and fees paid by the franchisees, notwithstanding the profits from its own in-store operations.

Common questions about McDonald's stock