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.

242.97 0.47 +0.19%
Market cap
$171.6B
P/E
19.7×
Fwd P/E
21.7×
Dividend yield
3.06%
F-score
7/9
Altman Z
4.92
Beneish M
−2.60
Dividend safety
70/100

McDonald's Corporation (MCD) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, McDonald's Corporation (MCD) trades at a price to free cash flow of 21.7×. Over the past ten years it has ranged from 17.7× (March 2020) to 47.5× (September 2020); the current reading is higher than 9% of that period. That is above the Restaurants industry median of 20.5× and above the Consumer Cyclical sector median of 13.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 29.8× (2.76%)
FY2024 30.6× 4.19%
FY2023 29.4× (16.48%)
FY2022 35.2× 26.90%
FY2021 27.8× (19.19%)
FY2020 34.3× 34.80%
FY2019 25.5× (19.14%)
FY2018 31.5× (12.94%)
FY2017 36.2× 53.03%
FY2016 23.7× 5.24%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 24.2× (21.24%)
Mar 2026 30.7× 2.96%
Dec 2025 29.8× 3.17%
Sep 2025 28.9× (2.95%)
42 more quarters

Against its own ten years

Low 17.7× High 47.5×
Ten-year median 29.7×
Current reading's percentile 9

Price to free cash flow against peers

Company Price to free cash flow
DPZ Domino's Pizza Inc compare 15.4×
QSR Restaurant Brands International Inc. compare 15.4×
YUMC Yum China compare 16.7×
MCD McDonald's Corporation 21.7×
DRI Darden Restaurants, Inc. compare 23.1×
CMG Chipotle Mexican Grill, Inc. compare 24.3×
YUM Yum! Brands, Inc. compare 24.6×
TXRH Texas Roadhouse, Inc. compare 25.2×
SBUX Starbucks Corporation compare 30.5×
Restaurants industry median 20.5×
Consumer Cyclical sector median 13.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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