McDonalds Financial Statements From 2010 to 2025

MCD Stock  USD 303.27  0.70  0.23%   
McDonalds financial statements provide useful quarterly and yearly information to potential McDonalds investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on McDonalds financial statements helps investors assess McDonalds' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting McDonalds' valuation are summarized below:
Gross Profit
14.7 B
Profit Margin
0.3173
Market Capitalization
214.2 B
Enterprise Value Revenue
10.2268
Revenue
25.9 B
There are over one hundred nineteen available fundamental ratios for McDonalds, which can be analyzed over time and compared to other ratios. Investors should ensure to check all of McDonalds' last-minute performance against the performance from 2010 to 2025 to make sure the company is sustainable for the next two years. The current year's Market Cap is expected to grow to about 183.4 B. The current year's Enterprise Value is expected to grow to about 227 B

McDonalds Total Revenue

18.6 Billion

Check McDonalds financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among McDonalds' main balance sheet or income statement drivers, such as Depreciation And Amortization of 424.6 M, Interest Expense of 1.6 B or Total Revenue of 18.6 B, as well as many indicators such as Price To Sales Ratio of 8.4, Dividend Yield of 0.015 or Days Sales Outstanding of 35.23. McDonalds financial statements analysis is a perfect complement when working with McDonalds Valuation or Volatility modules.
  
Check out the analysis of McDonalds Correlation against competitors.
For information on how to trade McDonalds Stock refer to our How to Trade McDonalds Stock guide.

McDonalds Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets29.6 B55.2 B39.1 B
Slightly volatile
Short and Long Term Debt Total54.5 B51.9 B35 B
Slightly volatile
Other Current Liabilities1.1 B2.2 B1.5 B
Pretty Stable
Total Current Liabilities3.1 B3.9 B3.6 B
Slightly volatile
Property Plant And Equipment Net21.7 B38.6 B27.6 B
Slightly volatile
Net Debt53.4 B50.9 B30 B
Slightly volatile
Retained Earnings70.2 B66.8 B48.6 B
Slightly volatile
Cash1.7 B1.1 B2.6 B
Very volatile
Non Current Assets Total26.2 B50.6 B34 B
Slightly volatile
Non Currrent Assets Other6.4 B6.1 B2.8 B
Slightly volatile
Cash And Short Term Investments1.7 B1.1 B2.6 B
Very volatile
Net Receivables2.5 B2.4 B1.8 B
Slightly volatile
Common Stock Shares Outstanding946.5 M721.9 M900.2 M
Slightly volatile
Liabilities And Stockholders Equity29.6 B55.2 B39.1 B
Slightly volatile
Non Current Liabilities Total57.9 B55.1 B36.1 B
Slightly volatile
Inventory87.9 M56 M73.6 M
Slightly volatile
Other Current Assets1.1 B1.1 B710.8 M
Slightly volatile
Total Liabilities61.9 B59 B39.8 B
Slightly volatile
Total Current Assets3.4 B4.6 B5.1 B
Slightly volatile
Short Term Debt4.3 B4.1 B5.6 B
Slightly volatile
Intangible Assets1.7 B961.4 M2.2 B
Very volatile
Accounts Payable815.9 MB930.6 M
Pretty Stable
Good Will2.3 B3.1 B2.5 B
Slightly volatile
Property Plant And Equipment Gross60.4 B57.5 B33.3 B
Slightly volatile
Common Stock Total Equity13.3 M14.9 M16.3 M
Slightly volatile
Other Liabilities2.7 B5.2 B3.6 B
Slightly volatile
Other Assets10.5 B10 B4.2 B
Slightly volatile
Long Term Debt21.2 B38.4 B25.7 B
Slightly volatile
Property Plant Equipment25.4 B41.8 B27 B
Slightly volatile
Current Deferred Revenue776.1 M711.1 M1.1 B
Slightly volatile
Long Term Debt Total26.6 B41.3 B26.3 B
Slightly volatile
Capital Surpluse7.4 B9.8 B7.2 B
Slightly volatile
Long Term Investments1.4 B2.7 B1.2 B
Slightly volatile
Non Current Liabilities Other731.5 M770 M2.2 B
Very volatile
Short and Long Term Debt1.9 BBB
Slightly volatile
Cash And Equivalents2.5 BBB
Slightly volatile
Net Invested Capital34 B34.6 B29.1 B
Slightly volatile
Capital Stock18.3 M17 M16.7 M
Slightly volatile
Capital Lease Obligations14.5 B13.5 B13.4 B
Pretty Stable

McDonalds Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization424.6 M447 M1.4 B
Very volatile
Total Revenue18.6 B25.9 B22.8 B
Very volatile
Gross Profit8.9 B14.3 B10.7 B
Slightly volatile
Other Operating Expenses13.1 B14.2 B14.6 B
Pretty Stable
Operating Income12.4 B11.9 B8.8 B
Slightly volatile
EBIT12.4 B11.9 B7.9 B
Slightly volatile
EBITDA6.4 B12.3 B8.9 B
Slightly volatile
Cost Of Revenue9.7 B11.7 B12.1 B
Pretty Stable
Total Operating Expenses2.5 B2.4 B2.4 B
Slightly volatile
Income Before Tax10.9 B10.3 B7.8 B
Slightly volatile
Net Income8.6 B8.2 B5.7 B
Slightly volatile
Income Tax Expense1.4 B2.1 BB
Pretty Stable
Selling General Administrative2.4 B2.4 B2.4 B
Slightly volatile
Net Income Applicable To Common Shares4.6 B7.1 B5.4 B
Slightly volatile
Net Income From Continuing Ops6.3 B8.2 B5.8 B
Slightly volatile
Tax Provision1.6 B2.1 BB
Pretty Stable
Interest Income97.8 M103 M465.7 M
Very volatile
Reconciled Depreciation1.5 B2.1 B1.4 B
Very volatile

McDonalds Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow4.8 B4.6 B2.8 B
Slightly volatile
Depreciation1.3 B2.1 B1.6 B
Slightly volatile
Dividends Paid5.1 B4.9 B3.4 B
Slightly volatile
Capital Expenditures2.3 B2.8 B2.3 B
Very volatile
Total Cash From Operating Activities5.3 B9.4 B6.8 B
Slightly volatile
Net Income8.6 B8.2 B5.8 B
Slightly volatile
End Period Cash Flow1.8 B1.1 B2.6 B
Very volatile
Stock Based Compensation129.2 M172 M121.8 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio8.47.99885.8907
Slightly volatile
Dividend Yield0.0150.02350.0241
Slightly volatile
Days Sales Outstanding35.2333.556927.6372
Slightly volatile
Operating Cash Flow Per Share13.8713.20898.7648
Slightly volatile
Stock Based Compensation To Revenue0.00420.00660.0052
Slightly volatile
Capex To Depreciation2.091.32331.5991
Slightly volatile
EV To Sales10.469.96117.1848
Slightly volatile
ROIC0.10.18360.1634
Pretty Stable
Inventory Turnover219208177
Slightly volatile
Net Income Per Share12.0711.49757.114
Slightly volatile
Days Of Inventory On Hand1.671.75362.3917
Slightly volatile
Payables Turnover9.9311.327513.0788
Slightly volatile
Sales General And Administrative To Revenue0.07230.09040.0917
Slightly volatile
Capex To Revenue0.140.10710.1078
Slightly volatile
Cash Per Share1.291.51713.0075
Pretty Stable
POCF Ratio11.9921.946618.2719
Slightly volatile
Payout Ratio0.320.59220.5585
Pretty Stable
Capex To Operating Cash Flow0.280.29370.3756
Slightly volatile
Days Payables Outstanding42.6932.222530.4532
Slightly volatile
Income Quality1.661.14891.3114
Pretty Stable
EV To Operating Cash Flow14.3827.330622.1603
Slightly volatile
PE Ratio16.725.213323.0249
Slightly volatile
Return On Tangible Assets0.0960.1580.1454
Pretty Stable
Earnings Yield0.0560.03970.0455
Slightly volatile
Intangibles To Total Assets0.04620.0570.0631
Slightly volatile
Net Debt To EBITDA4.344.13592.7939
Slightly volatile
Current Ratio0.81.19111.4125
Pretty Stable
Receivables Turnover10.3310.87715.2147
Slightly volatile
Capex Per Share4.073.882.7453
Slightly volatile
Revenue Per Share38.0536.241628.0418
Slightly volatile
Interest Debt Per Share78.4874.739942.9782
Slightly volatile
Debt To Assets0.990.94140.7431
Slightly volatile
Enterprise Value Over EBITDA22.0420.994715.8518
Slightly volatile
Graham Number14.9525.7529.2371
Pretty Stable
Short Term Coverage Ratios2.853.030.7792
Slightly volatile
Price Earnings Ratio16.725.213323.0249
Slightly volatile
Operating Cycle19.9635.310528.9701
Slightly volatile
Days Of Payables Outstanding42.6932.222530.4532
Slightly volatile
Dividend Payout Ratio0.320.59220.5585
Pretty Stable
Price To Operating Cash Flows Ratio11.9921.946618.2719
Slightly volatile
Pretax Profit Margin0.20.39910.3181
Slightly volatile
Ebt Per Ebit0.920.87280.8986
Slightly volatile
Operating Profit Margin0.480.45730.372
Slightly volatile
Effective Tax Rate0.350.2050.2895
Slightly volatile
Long Term Debt To Capitalization1.171.10970.9365
Slightly volatile
Total Debt To Capitalization1.131.07890.9118
Slightly volatile
Return On Capital Employed0.160.23090.235
Slightly volatile
Ebit Per Revenue0.480.45730.372
Slightly volatile
Quick Ratio0.781.17661.389
Pretty Stable
Dividend Paid And Capex Coverage Ratio0.981.23571.2076
Slightly volatile
Net Income Per E B T0.540.79490.7036
Slightly volatile
Cash Ratio0.380.2810.707
Pretty Stable
Operating Cash Flow Sales Ratio0.20.36450.2914
Slightly volatile
Days Of Inventory Outstanding1.671.75362.3917
Slightly volatile
Days Of Sales Outstanding35.2333.556927.6372
Slightly volatile
Cash Flow Coverage Ratios0.170.18190.2773
Slightly volatile
Fixed Asset Turnover0.70.67090.8705
Slightly volatile
Capital Expenditure Coverage Ratio1.833.40433.0121
Slightly volatile
Price Cash Flow Ratio11.9921.946618.2719
Slightly volatile
Enterprise Value Multiple22.0420.994715.8518
Slightly volatile
Debt Ratio0.990.94140.7431
Slightly volatile
Cash Flow To Debt Ratio0.170.18190.2773
Slightly volatile
Price Sales Ratio8.47.99885.8907
Slightly volatile
Return On Assets0.0880.1490.1357
Pretty Stable
Asset Turnover0.720.46970.6264
Slightly volatile
Net Profit Margin0.330.31720.242
Slightly volatile
Gross Profit Margin0.560.55030.4851
Slightly volatile

McDonalds Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap183.4 B174.7 B180.5 B
Slightly volatile
Enterprise Value227 B216.2 B223.4 B
Slightly volatile

McDonalds Fundamental Market Drivers

Forward Price Earnings24.3902
Cash And Short Term Investments1.1 B

McDonalds Upcoming Events

23rd of April 2024
Upcoming Quarterly Report
View
25th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
3rd of February 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About McDonalds Financial Statements

McDonalds stakeholders use historical fundamental indicators, such as McDonalds' revenue or net income, to determine how well the company is positioned to perform in the future. Although McDonalds investors may analyze each financial statement separately, they are all interrelated. For example, changes in McDonalds' assets and liabilities are reflected in the revenues and expenses on McDonalds' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in McDonalds. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue711.1 M776.1 M
Total Revenue25.9 B18.6 B
Cost Of Revenue11.7 B9.7 B
Sales General And Administrative To Revenue 0.09  0.07 
Capex To Revenue 0.11  0.14 
Revenue Per Share 36.24  38.05 
Ebit Per Revenue 0.46  0.48 

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When determining whether McDonalds is a strong investment it is important to analyze McDonalds' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact McDonalds' future performance. For an informed investment choice regarding McDonalds Stock, refer to the following important reports:
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of McDonalds. If investors know McDonalds will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about McDonalds listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share
6.78
Earnings Share
11.39
Revenue Per Share
36.085
Quarterly Revenue Growth
(0)
Return On Assets
0.1331
The market value of McDonalds is measured differently than its book value, which is the value of McDonalds that is recorded on the company's balance sheet. Investors also form their own opinion of McDonalds' value that differs from its market value or its book value, called intrinsic value, which is McDonalds' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because McDonalds' market value can be influenced by many factors that don't directly affect McDonalds' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between McDonalds' value and its price as these two are different measures arrived at by different means. Investors typically determine if McDonalds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McDonalds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.