Stocktoria

MCDONALDS CORP MCD

NYSE · stock · Retail-Eating Places · website · IPO 1965-04-21

MCDONALDS CORP statistics & valuation

Market cap$191.7B
P / E22.4×
P / S7.1×
P / FCF26.7×
Dividend yield2.67%
Net margin31.9%
FCF margin26.7%
Net debt$39.2B
Net debt / EBITDA2.7×
Enterprise value USD$230.9B
EV / EBITDA15.8×
Earnings yield EBIT/EV5.4%
Return on capital22.5%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
19.00% 22.80% 27.90% 28.20% 24.60% 32.50% 26.60% 33.20% 31.70% 31.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
31.50% 41.90% 41.50% 42.50% 38.10% 44.60% 40.40% 45.70% 45.20% 46.10% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
861.2M 815.5M 785.6M 764.9M 750.1M 752 741 732 722 716 2016201720182019202020212022202320242025
Net debt ($)
$24.73B $27.07B $30.21B $33.28B $33.99B $30.91B $33.32B $34.77B $37.34B $39.20B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
15.10% 15.40% 18.10% 12.70% 9.00% 14.00% 12.20% 15.10% 14.90% 14.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
17.20% 16.20% 19.90% 26.80% 24.10% 30.60% 23.70% 28.50% 25.70% 26.70% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$5.44 $6.37 $7.54 $7.88 $6.31 $10.04 $8.33 $11.56 $11.39 $11.95 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MCDONALDS CORP trades at about 23.1× earnings — below its 10-year norm (10-year range 22.5×–32.9×, median 26.4×).

22.5× 32.9×

Shaded band = 10-year range (22.5×–32.9×); dot = today's 23.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin46.1%45.2%45.7%40.4%44.6%38.1%42.5%41.5%41.9%31.5%
Net margin31.9%31.7%33.2%26.6%32.5%24.6%28.2%27.9%22.8%19.0%
FCF margin26.7%25.7%28.5%23.7%30.6%24.1%26.8%19.9%16.2%17.2%
Return on assets14.4%14.9%15.1%12.2%14.0%9.0%12.7%18.1%15.4%15.1%
Return on equity-478.1%-216.6%-179.9%-102.9%-164.0%-60.5%-73.4%-94.7%-158.9%-212.6%
Debt / equity-22.32×-10.12×-8.36×-5.98×-7.74×-4.78×-4.16×-4.97×-9.04×-11.78×
Current ratio0.951.191.161.431.781.010.981.361.841.40

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.