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McDonald's MCD EBITDA margin

EBITDA margin at other companies

Starbucks logo
StarbucksSBUX
12.1%-5.0pp
Yum! Brands logo
Yum! BrandsYUM
34.1%+0.3pp
Chipotle Mexican Grill logo
Chipotle Mexican GrillCMG
18.3%-1.6pp
Restaurant Brands International logo
Restaurant Brands InternationalQSR
27.9%-1.6pp
Yum China Holdings logo
Yum China HoldingsYUMC
14.8%+0.2pp
Dutch Bros logo
Dutch BrosBROS
16.7%+1.3pp

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

Calculated from McDonald's’s reported figures.

Based on trailing twelve months.

The official record: McDonald's’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is McDonald's's EBITDA margin?
McDonald's (MCD) reported EBITDA margin of 47.9% in Q1 2026.
How has McDonald's's EBITDA margin changed year-over-year?
McDonald's's EBITDA margin increased by 2.0% year-over-year, from 47% to 47.9%.
What is the long-term trend for McDonald's's EBITDA margin?
Over 5 years (2020 to 2025), McDonald's's EBITDA margin has grown at a 3.8% compound annual growth rate (CAGR), from 39.7% to 47.8%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.