McDonald's Corporation

McDonald's Corporation

MCD.TO
McDonald's CorporationCA flagToronto Stock Exchange
19.92
CAD
-0.10
- -
14.10BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.82
1.82
1.79
1.93
1.84
1.77
1.83
1.65
2
2.03
2.26
2.32
2.42
2.5
Basic EPS, GAAP
0.36
0.32
0.32
0.37
0.42
0.49
0.52
0.41
0.65
0.54
0.75
0.74
0.77
0.79
Free Cash Flow per Basic Share
0.46
0.45
0.46
0.47
0.45
0.58
0.7
0.54
0.79
0.65
0.85
0.85
0.95
1.02
Dividend per Share
0.2
0.21
0.23
0.24
0.25
0.27
0.31
0.32
0.34
0.36
0.4
0.44
0.46
0.47
Book Value per Share
16.16
13.35
7.82
-2.69
-4.12
-8.16
-11
-10.5
-6.18
-8.21
-6.51
-5.31
-2.52
-1.45
Tangible Book Value per Share
13.26
10.51
5.04
-5.55
-7.11
-11.2
-14.59
-14.22
-9.91
-12.18
-10.72
-9.71
-7.24
-6.18
Basic Weighted Avg Shares
15,468
15,039
14,163
12,784
12,403
11,981
11,656
11,642
11,633
11,422
11,287
11,170
11,098
11,093
Sales/Revenue/Turnover
28,106
27,441
25,413
24,622
22,820
21,258
21,364
19,208
23,223
23,182
25,495
25,920
26,885
27,702
Operating Margin (%)
30.3
29.04
28.94
31.76
36.76
40.61
41.89
37.52
42.51
44.63
46.08
45.72
46.1
45.71
Depreciation Expense
1,585
1,644
1,556
1,516
1,363
1,482
1,618
1,751
1,868
1,871
1,978
2,097
2,199
2,266
Net Income, GAAP
5,586
4,758
4,529
4,686
5,192
5,924
6,025
4,730
7,545
6,177
8,469
8,223
8,563
8,787
Effective Tax Rate (%)
31.92
35.46
30.91
31.74
39.44
24.2
24.85
22.96
17.34
21.06
19.51
20.5
21.42
21.44
Profit Margin (%)
19.87
17.34
17.82
19.03
22.75
27.87
28.2
24.63
32.49
26.65
33.22
31.72
31.85
31.72
Working Capital
1,880
1,438
6,693
1,380
2,437
1,080
-63
62
3,128
1,622
1,127
738
-198
327
LT Debt
14,130
14,936
24,122
25,878
29,536
31,075
46,876
48,518
48,644
48,038
50,211
51,312
54,120
53,902
Total Equity
16,010
12,853
7,088
-2,204
-3,268
-6,258
-8,210
-7,825
-4,601
-6,003
-4,707
-3,797
-1,791
-1,023
Return on Invested Capital (%)
19.22
17.42
16.95
19.08
19.89
25.11
20.62
13.13
18.14
18.44
20.42
19.21
19.05
18.5
Return on Capital (%)
20.13
17.71
16.85
19.25
22.99
26.11
21.41
13.66
19.29
16.31
21
19.52
19.38
18.87
Return on Common Equity (%)
35.69
32.97
45.43
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
694
707
690
LT Borrowings
39,973
40,105
39,863
LT Finance Leases
14,147
14,069
14,039
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
711
711
708
Market Capitalization
13,501
13,490
11,387

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,163
4,709
4,345
Cash, Cash Equivalents & STI
774
1,170
822
Accounts Receivable, Net
2,466
2,432
2,485
Inventories
61
61
58
Total Current Liabilities
4,361
4,146
4,018
Payables & Accruals
3,667
3,440
3,328
ST Debt
694
707
690
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-6.93%
-20.89%
-52.83%
Free Cash Flow
7.03%
13.36%
11.69%
Net Income, GAAP
8.83%
15.94%
4.13%
Sales/Revenue/Turnover
0.92%
7.22%
3.72%
Total Cash Common Dividend
4.79%
6.4%
5.03%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,169
6,490
6,874
6,388
25,920
2025
5,955
6,843
7,077
7,008
26,885
2026
6,517
7,100
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.18
0.2
0.18
0.74
2025
0.17
0.2
0.2
0.19
0.77
2026
0.18
0.21
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.11
0.11
0.11
0.44
2025
0.11
0.11
0.11
0.12
0.46
2026
0.12
0.12
- -
- -
- -

Company Description

CEO
Christopher J. Kempczinski
Full Time Employees
150,000
Sector
Consumer Cyclical
Industry
Restaurants
Address
110 NORTH CARPENTER STREET Chicago IL United States of America 60607
IPO Date
Dec 22, 2025
Business
McDonald’s Corporation operates and franchises quick-service restaurants under the McDonald’s brand, serving food and beverages through company-operated and predominantly franchised locations. The Company’s menu offerings include hamburgers and cheeseburgers, including Big Mac and Quarter Pounder products; chicken sandwiches, Chicken McNuggets, wraps and locally developed chicken offerings; French fries; fish sandwiches; breakfast foods, including egg, sausage, bacon, biscuit, muffin and pancake offerings; salads, oatmeal and other side items; desserts, including McFlurry products, shakes, sundaes, soft-serve cones and pies; carbonated and non-carbonated beverages; coffee, espresso-based drinks and other McCafé beverages; Happy Meals; value menus, meal bundles, digital offers and delivery-enabled ordering. It also generates revenue from franchise royalties and rent, company-operated restaurant sales, franchisee fees for technology and digital platforms, brand licensing arrangements for consumer packaged goods, and related restaurant support services. Founded in 1955, McDonald’s is headquartered in Chicago, Illinois. The Company operates through U.S.; International Operated Markets; and International Developmental Licensed Markets and Corporate segments. International Operated Markets include Australia, Canada, France, Germany, Italy, Poland, Spain and the United Kingdom, where McDonald’s owns, operates and franchises restaurants. International Developmental Licensed Markets and Corporate comprise developmental licensee and affiliate markets. At December 31, 2025, McDonald’s system included 45,356 restaurants in more than 100 countries, approximately 95% of which were franchised, through conventional franchise, developmental license and affiliate arrangements. The Company serves consumers through restaurant dining, drive-thru, takeaway, delivery and digital ordering channels, supported by its MyMcDonald’s Rewards loyalty platform and mobile applications. Recent strategic developments include McDonald’s agreement to acquire Carlyle’s stake in McDonald’s China, increasing the Company’s ownership interest in its China business and reinforcing its long-term expansion strategy in that market. McDonald’s also continues to execute its Accelerating the Arches growth strategy through restaurant development, value platforms, core-menu enhancements, loyalty expansion, digital engagement and operational technology investments. In 2025, the Company opened 2,276 restaurants, expanded loyalty program availability to 70 markets, and reported nearly $37 billion of systemwide sales to loyalty members. During 2026, McDonald’s introduced everyday affordable-price initiatives in the United States, including individual menu items priced below $3 and a $4 breakfast meal deal, expanded beverage offerings in selected markets, and launched a global FIFA World Cup 26 Meal and Happy Meal program beginning in June across nearly all McDonald’s restaurants worldwide.