McDonald's Corporation

MCD Consumer Cyclical Restaurants

McDonald's Corporation’s revenue for fiscal 2025 (year ended December 2025) was $26.9 billion, up 3.72% from fiscal 2024.

Revenue
+1.12%
EPS
+5.73%
Free cash flow
+57.9%
Total debt
−3.72%

Quarter to September 2026, against a year earlier

276.78 1.26 −0.45%
Market cap
$196.8B
P/E
22.5×
Fwd P/E
20.2×
Dividend yield
2.69%
F-score
7/9
Altman Z
4.92
Beneish M
−2.60
Dividend safety
70/100

McDonald's Corporation (MCD) EV/EBITDA

Alert me on EV/EBITDA

As of 6 November 2026, McDonald's Corporation (MCD) trades at a EV/EBITDA of 15.7×. Over the past ten years it has ranged from 10.5× (January 2015) to 22.4× (September 2020); the current reading is higher than 35% of that period. That is above the Restaurants industry median of 12.7× and above the Consumer Cyclical sector median of 9.7×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 17.8× (0.41%)
FY2024 17.8× (3.23%)
FY2023 18.4× (9.43%)
FY2022 20.3× 7.31%
FY2021 19.0× (11.23%)
FY2020 21.4× 24.64%
FY2019 17.1× 4.65%
FY2018 16.4× 6.91%
FY2017 15.3× 11.71%
FY2016 13.7× (6.85%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 13.6× (12.01%)
Jun 2026 15.4× (11.87%)
Mar 2026 17.5× (1.38%)
Dec 2025 17.8× (0.78%)
43 more quarters

Against its own ten years

Low 10.5× High 22.4×
Ten-year median 17.3×
Current reading's percentile 35

EV/EBITDA against peers

Company EV/EBITDA
YUMC Yum China compare 8.9×
DRI Darden Restaurants, Inc. compare 12.7×
QSR Restaurant Brands International Inc. compare 13.3×
DPZ Domino's Pizza Inc compare 14.2×
MCD McDonald's Corporation 15.7×
TXRH Texas Roadhouse, Inc. compare 16.7×
YUM Yum! Brands, Inc. compare 18.2×
CMG Chipotle Mexican Grill, Inc. compare 19.5×
SBUX Starbucks Corporation compare 27.9×
Restaurants industry median 12.7×
Consumer Cyclical sector median 9.7×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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