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) Net margin
McDonald's Corporation's net margin over the twelve months to 30 June 2026 was 31.7%, down 0.1 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 1.85% and above the Consumer Cyclical sector median of 1.67%.
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) |
|---|---|---|
| Jun 2026 | 33.3% | 2.84 |
| Mar 2026 | 30.4% | (0.45) |
| Dec 2025 | 30.9% | (1.30) |
| Sep 2025 | 32.2% | (0.74) |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| MCD McDonald's Corporation | 31.7% |
| YUM Yum! Brands, Inc. compare | 25.4% |
| QSR Restaurant Brands International Inc. compare | 13.1% |
| DPZ Domino's Pizza Inc compare | 12.0% |
| CMG Chipotle Mexican Grill, Inc. compare | 11.4% |
| DRI Darden Restaurants, Inc. compare | 8.85% |
| YUMC Yum China compare | 7.84% |
| TXRH Texas Roadhouse, Inc. compare | 6.63% |
| SBUX Starbucks Corporation compare | 5.17% |
| Restaurants industry median | 1.85% |
| Consumer Cyclical sector median | 1.67% |
| Market median | 0.45% |
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
More on MCD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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