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. In the quarter to June 2026, revenue grew 3.74%, EPS grew 5.73%, free cash flow grew 57.9% and total debt fell 3.72%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years, revenue growth for three.
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McDonald's Corporation (MCD) Free cash flow
McDonald's Corporation's free cash flow for fiscal 2025 was $7.3B, up 7.68% from $6.8B in fiscal 2024. Over the twelve months to 30 June 2026 it was $7.9B. Over the past ten years it has ranged from $3.9B (fiscal 2017) to $7.4B (fiscal 2023); the current reading is higher than 91% of that period. McDonald's Corporation ranks 1st of 55 Restaurants companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $7.3B | 7.68% |
| FY2024 | $6.8B | (7.56%) |
| FY2023 | $7.4B | 32.98% |
| FY2022 | $5.5B | (23.32%) |
| FY2021 | $7.2B | 54.94% |
| FY2020 | $4.7B | (20.88%) |
| FY2019 | $5.9B | 34.07% |
| FY2018 | $4.4B | 13.48% |
| FY2017 | $3.9B | (10.58%) |
| FY2016 | $4.3B | (12.49%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $2.0B | 13.27% |
| Mar 2026 | $1.8B | 1.97% |
| Dec 2025 | $1.7B | (29.07%) |
| Sep 2025 | $2.4B | 92.81% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| MCD McDonald's Corporation | $7.9B |
| SBUX Starbucks Corporation compare | $3.6B |
| QSR Restaurant Brands International Inc. compare | $1.7B |
| YUM Yum! Brands, Inc. compare | $1.7B |
| CMG Chipotle Mexican Grill, Inc. compare | $1.6B |
| DRI Darden Restaurants, Inc. compare | $1.1B |
| YUMC Yum China compare | $940.0M |
| DPZ Domino's Pizza Inc compare | $663.4M |
| TXRH Texas Roadhouse, Inc. compare | $437.8M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on MCD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement