What is McDonald's's land?

McDonald's (MCD) reported land of $8.17B in Q4 2025.

How has McDonald's's land changed year-over-year?

McDonald's's land increased by 12.6% year-over-year, from $7.25B to $8.17B.

What is the long-term trend for McDonald's's land?

Over 5 years (2020 to 2025), McDonald's's land has grown at a 5.2% compound annual growth rate (CAGR), from $6.35B to $8.17B.

Cost of owned land, which is not depreciated since land has an indefinite useful life.

McDonald's MCD Land

Land at other companies

EAT

Brinker InternationalEAT

$46M+2.7%

Other financials

Income statement

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Revenue$6.5B+9.4%

Gross profit$5.8B+9.5%

Operating income$3.0B+11.5%

Net income$2.0B+6.2%

EPS (diluted)$2.78+6.9%

Balance sheet

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Cash & equivalents$1.2B-5.5%

Total debt$54.9B+4.0%

Total equity-$1.3B+62.8%

Total assets$60.0B+6.6%

Cash flow

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Operating cash flow$2.4B-0.7%

CapEx$682.0M+23.8%

Free cash flow$1.7B-7.8%

Valuation

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Market cap$197.95B-0.8%

Enterprise value$251.67B+0.1%

P/E22.8×-1.6×

P/S7.2×-0.6×

Profitability

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Gross margin86.6%—

Operating margin46.3%+1.0pp

Net margin31.6%-0.1pp

FCF margin25.6%-0.4pp

Returns & leverage

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Return on equity45.4%—

Debt / equity6.5×—

Current ratio1.1×0.0×

Where this comes from

Reported directly by McDonald's in its filing.

Tagged under the XBRL concept us-gaap:Land.

The official record: McDonald's’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is McDonald's's land?: McDonald's (MCD) reported land of $8.17B in Q4 2025.
How has McDonald's's land changed year-over-year?: McDonald's's land increased by 12.6% year-over-year, from $7.25B to $8.17B.
What is the long-term trend for McDonald's's land?: Over 5 years (2020 to 2025), McDonald's's land has grown at a 5.2% compound annual growth rate (CAGR), from $6.35B to $8.17B.
What does land mean?: Cost of owned land, which is not depreciated since land has an indefinite useful life.