What is McDonald's's buildings and improvements?

McDonald's (MCD) reported buildings and improvements of $22.20B in Q4 2025.

How has McDonald's's buildings and improvements changed year-over-year?

McDonald's's buildings and improvements increased by 8.4% year-over-year, from $20.49B to $22.20B.

What is the long-term trend for McDonald's's buildings and improvements?

Over 5 years (2020 to 2025), McDonald's's buildings and improvements has grown at a 4.0% compound annual growth rate (CAGR), from $18.22B to $22.20B.

What does buildings and improvements mean?

The cost of physical buildings and structural improvements owned by the company.

Discontinued — last reported Q4 '11

Buildings and improvements

Non-Current Assets

McDonald's Buildings and improvements increased by 8.4% to $22.20B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.4%, from $20.49B to $22.20B. Over 5 years (FY 2020 to FY 2025), Buildings and improvements shows an upward trend with a 4.0% CAGR.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryEfficiency

SignalContext dependent

VolatilityStable

First reportedQ4 2009

Last reportedQ4 2011

Parent metricPP&E (Net)

How to read this metric

An increase indicates capital investment in infrastructure, while a decrease reflects depreciation or the disposal of facilities.

Detailed definition

This includes the cost of all physical structures, such as manufacturing plants, research centers, and office buildings,...

Peer comparison

High-capital-intensive industries like pharma require significant investment in specialized facilities compared to service-based sectors.

Metric ID: ppe_buildings

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$18.67B	$18.93B	$20.06B	$20.49B	$22.20B
QoQ Change	—	+1.4%	+5.9%	+2.1%	+8.4%
YoY Change	—	+1.4%	+5.9%	+2.1%	+8.4%
% of PP&E (Net)	1132.2%	1109.7%	1202.2%	1306.6%	1398.1%
Share Change	—	-22.6pp	+92.6pp	+104.3pp	+91.5pp

Range$18.67B – $22.20B

CAGR+18.9%

Avg YoY Growth+4.5%

Median YoY Growth+4.0%

Current Streak4+ quarters growth

Frequently Asked Questions

What is McDonald's's buildings and improvements?: McDonald's (MCD) reported buildings and improvements of $22.20B in Q4 2025.
How has McDonald's's buildings and improvements changed year-over-year?: McDonald's's buildings and improvements increased by 8.4% year-over-year, from $20.49B to $22.20B.
What is the long-term trend for McDonald's's buildings and improvements?: Over 5 years (2020 to 2025), McDonald's's buildings and improvements has grown at a 4.0% compound annual growth rate (CAGR), from $18.22B to $22.20B.
What does buildings and improvements mean?: The cost of physical buildings and structural improvements owned by the company.