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McDonald's MCD Net margin

Net margin at other companies

Starbucks logo
StarbucksSBUX
3.9%-4.7pp
Yum! Brands logo
Yum! BrandsYUM
20.5%+2.1pp
Chipotle Mexican Grill logo
Chipotle Mexican GrillCMG
12%-1.6pp
Restaurant Brands International logo
Restaurant Brands InternationalQSR
13.5%-1.7pp

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

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 net margin?
McDonald's (MCD) reported net margin of 31.6% in Q1 2026.
How has McDonald's's net margin changed year-over-year?
McDonald's's net margin decreased by 0.4% year-over-year, from 31.7% to 31.6%.
What is the long-term trend for McDonald's's net margin?
Over 4 years (2021 to 2025), McDonald's's net margin has grown at a 1.0% compound annual growth rate (CAGR), from 122.8% to 127.8%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.