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McDonald's MCD Free cash flow margin

Free cash flow margin at other companies

Starbucks logo
StarbucksSBUX
7.1%
Yum! Brands logo
Yum! BrandsYUM
19.4%+0.7pp
Chipotle Mexican Grill logo
Chipotle Mexican GrillCMG
12.4%-0.5pp
Restaurant Brands International logo
Restaurant Brands InternationalQSR
16.3%+2.2pp
Yum China Holdings logo
Yum China HoldingsYUMC
8.3%+1.8pp
Dutch Bros logo
Dutch BrosBROS
5.2%+2.8pp

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

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 free cash flow margin?
McDonald's (MCD) reported free cash flow margin of 25.6% in Q1 2026.
How has McDonald's's free cash flow margin changed year-over-year?
McDonald's's free cash flow margin decreased by 1.7% year-over-year, from 26.1% to 25.6%.
What is the long-term trend for McDonald's's free cash flow margin?
Over 5 years (2020 to 2025), McDonald's's free cash flow margin has grown at a 2.1% compound annual growth rate (CAGR), from 24.1% to 26.7%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.