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McDonald's MCD Free cash flow yield

Free cash flow yield at other companies

Starbucks logo
StarbucksSBUX
2.7%
Yum! Brands logo
Yum! BrandsYUM
3.8%+0.5pp
Chipotle Mexican Grill logo
Chipotle Mexican GrillCMG
3.6%+1.4pp
Restaurant Brands International logo
Restaurant Brands InternationalQSR
6.1%+0.4pp
Yum China Holdings logo
Yum China HoldingsYUMC
6.1%+2.0pp
Dutch Bros logo
Dutch BrosBROS
1.4%+1.0pp

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 free cash flow yield?
McDonald's (MCD) reported free cash flow yield of 3.2% in Q1 2026.
How has McDonald's's free cash flow yield changed year-over-year?
McDonald's's free cash flow yield increased by 5.9% year-over-year, from 3% to 3.2%.
What is the long-term trend for McDonald's's free cash flow yield?
Over 5 years (2020 to 2025), McDonald's's free cash flow yield has grown at a 2.7% compound annual growth rate (CAGR), from 2.9% to 3.3%.
What does free cash flow yield mean?
The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?
Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?
Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.