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McDonald's MCD International Operated Markets — Net restaurant purchases (sales)

Other segment segments

U.S.
-$1M-106%
International Developmental Licensed Marketsand Corporate
$0-100%

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Other financials

Income statement

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Revenue$7.1B+3.7%
Gross profit$5.8B+9.5%
Operating income$3.3B+3.3%
Net income$2.4B+4.8%
EPS (diluted)$3.32+5.7%

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$194.68B-11.5%
Enterprise value$248.39B+0.1%
P/E22.2×-4.1×
P/S-1.4×

Profitability

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Operating margin46.2%+0.4pp
Net margin31.7%-0.5pp
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:GoodwillPeriodIncreaseDecrease.

The source filing: McDonald's’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 11:12 AM EST
Fiscal year
FY2025
Accession
0000063908-26-000035
In millionsU.S.International Operated MarketsInternational Developmental Licensed Markets &CorporateConsolidated
Balance at December 31, 2024$1,851$1,132$162$3,145
Net restaurant purchases (sales)(1)7069
Currency translation11723140
Balance at December 31, 2025$1,850$1,319$185$3,354

Cover / Front Matter

FAQ

What is McDonald's's international operated markets — net restaurant purchases (sales)?
McDonald's (MCD) reported international operated markets — net restaurant purchases (sales) of $17.5M in Q4 2025.
How has McDonald's's international operated markets — net restaurant purchases (sales) changed year-over-year?
McDonald's's international operated markets — net restaurant purchases (sales) increased by 2233.3% year-over-year, from $750K to $17.5M.
What is the long-term trend for McDonald's's international operated markets — net restaurant purchases (sales)?
Over 3 years (2022 to 2025), McDonald's's international operated markets — net restaurant purchases (sales) has grown at a 14.2% compound annual growth rate (CAGR), from $47M to $70M.
What does international operated markets — net restaurant purchases (sales) mean?
Reflects the net revenue generated from the procurement and sale of goods or services within the international operated restaurant segment. This captures the transactional volume of direct sales activities conducted by the company in these specific markets.

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