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) Net margin

Alert me on Net margin

McDonald's Corporation's net margin over the twelve months to 30 September 2026 was 32.4%, up 0.5 percentage points from fiscal 2025 (31.9%). Over the past ten years it has ranged from 17.8% (fiscal 2015) to 33.2% (fiscal 2023); the current reading is higher than 82% of that period. That is above the Restaurants industry median of 2.02% and above the Consumer Cyclical sector median of 2.18%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 31.9% 0.13
FY2024 31.7% (1.50)
FY2023 33.2% 6.58
FY2022 26.6% (5.85)
FY2021 32.5% 7.86
FY2020 24.6% (3.57)
FY2019 28.2% 0.33
FY2018 27.9% 5.12
FY2017 22.8% 3.72
FY2016 19.0% 1.21

Quarterly newest first

Period Net margin Change (points)
Sep 2026 34.7% 1.47
Jun 2026 33.3% 2.84
Mar 2026 30.4% (0.45)
Dec 2025 30.9% (1.30)
43 more quarters

Against its own ten years

Low 17.8% High 33.2%
Ten-year median 27.9%
Current reading's percentile 88

Net margin against peers

Company Net margin
YUM Yum! Brands, Inc. compare 39.1%
MCD McDonald's Corporation 32.4%
QSR Restaurant Brands International Inc. compare 15.4%
DPZ Domino's Pizza Inc compare 12.0%
CMG Chipotle Mexican Grill, Inc. compare 10.8%
DRI Darden Restaurants, Inc. compare 8.85%
YUMC Yum China compare 7.90%
SBUX Starbucks Corporation compare 6.66%
TXRH Texas Roadhouse, Inc. compare 6.59%
Restaurants industry median 2.02%
Consumer Cyclical sector median 2.18%
Market median 1.14%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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