Discontinued — last reported Q4 '25

Non-Current Assets

Buildings and improvements

McDonald's Buildings and improvements increased by 8.4% to $22.20B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.4%, from $20.49B to $22.20B. Over 5 years (FY 2020 to FY 2025), Buildings and improvements shows an upward trend with a 4.0% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025
Parent metricPP&E (Net)

How to read this metric

Increases indicate ongoing investment in physical capacity, while decreases reflect depreciation or the divestiture of facilities.

Detailed definition

The book value of buildings and leasehold improvements used for operations. This reflects the company's investment in it...

Peer comparison

Benchmark against peers based on the capital intensity of their manufacturing and R&D footprint.

Metric ID: ppe_buildings

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$18.67B$18.93B$20.06B$20.49B$22.20B
QoQ Change—+1.4%+5.9%+2.1%+8.4%
YoY Change—+1.4%+5.9%+2.1%+8.4%
% of PP&E (Net)2884.6%2799.7%3125.5%4368.2%4549.6%
Share Change—-84.9pp+325.8pp+1242.8pp+181.4pp
Range$18.67B – $22.20B
CAGR+18.9%
Avg YoY Growth+4.5%
Median YoY Growth+4.0%
Current Streak4+ quarters growth

Frequently Asked Questions

What is McDonald's's buildings and improvements?
McDonald's (MCD) reported buildings and improvements of $22.20B in Q4 2025.
How has McDonald's's buildings and improvements changed year-over-year?
McDonald's's buildings and improvements increased by 8.4% year-over-year, from $20.49B to $22.20B.
What is the long-term trend for McDonald's's buildings and improvements?
Over 5 years (2020 to 2025), McDonald's's buildings and improvements has grown at a 4.0% compound annual growth rate (CAGR), from $18.22B to $22.20B.
What does buildings and improvements mean?
The value of the company's buildings and facility improvements.