What is McDonald's's finance lease liabilities?

McDonald's (MCD) reported finance lease liabilities of $2.33B in Q4 2025.

What is the long-term trend for McDonald's's finance lease liabilities?

Over 2 years (2023 to 2025), McDonald's's finance lease liabilities has grown at a 21.6% compound annual growth rate (CAGR), from $1.58B to $2.33B.

What does finance lease liabilities mean?

Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.

McDonald's MCD Finance Lease Liabilities

Finance Lease Liabilities at other companies

Wendy'sWEN

$655.08M+12.1%

EAT

Brinker InternationalEAT

$101.6M-4.6%

Domino's PizzaDPZ

$118.6M—

Restaurant Brands InternationalQSR

$253M-9.6%

Shake ShackSHAK

$9.22M-12.3%

Yum! BrandsYUM

——

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$188.11B-12.1%

Enterprise value$241.82B-9.7%

P/E21.7×-3.8×

P/S6.9×-1.4×

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:FinanceLeaseLiabilityNoncurrent.

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 finance lease liabilities?: McDonald's (MCD) reported finance lease liabilities of $2.33B in Q4 2025.
What is the long-term trend for McDonald's's finance lease liabilities?: Over 2 years (2023 to 2025), McDonald's's finance lease liabilities has grown at a 21.6% compound annual growth rate (CAGR), from $1.58B to $2.33B.
What does finance lease liabilities mean?: Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.