What are McDonald's's profit margins?

McDonald's (MCD) runs a 86.6% gross margin and a 46.3% operating margin, with a 31.6% net margin.

Where do McDonald's's ratios come from?

Every ratio is computed from McDonald's's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

McDonald's MCD Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	46.3%+0.2pp	46.1%0.0pp	46.1%+0.3pp	45.8%+0.6pp	45.2%0.0pp
Net margin	31.6%-0.2pp	31.8%-0.2pp	32%-0.2pp	32.2%+0.5pp	31.7%0.0pp
Returns
Return on invested capital	25.3%+6.6pp	18.7%-0.7pp	19.4%0.0pp	19.4%-0.4pp	19.8%-0.3pp
Efficiency
Asset turnover	0.5×0.0×	0.5×0.0×	0.4×0.0×	0.5×0.0×	0.5×0.0×
Liquidity
Current ratio	1.1×+0.2×	1×0.0×	1×-0.3×	1.3×+0.1×	1.2×0.0×
Leverage
Net debt / EBITDA	4.1×-0.4×	4.4×+0.2×	4.2×-0.1×	4.4×+0.1×	4.3×-0.1×
Per Share
Book value per share	-$1.80+27.9%	-$2.50+17.3%	-$3.02+21.4%	-$3.85+20.0%	-$4.81+8.6%
Valuation
Market capitalization	$221.33B+1.7%	$217.66B+0.4%	$216.86B+4.1%	$208.41B-6.6%	$223.18B+7.4%
Price / earnings	25.5×+0.1×	25.4×-0.4×	25.8×+0.9×	24.8×-2.5×	27.3×+2.1×
Price / sales	8.1×0.0×	8.1×-0.2×	8.3×+0.3×	8×-0.7×	8.7×+0.7×
EV / EBITDA	20.9×-0.5×	21.4×-0.1×	21.5×+0.3×	21.2×-1.6×	22.7×+1.3×
Dividend yield	2.3%0.0pp	2.4%0.0pp	2.3%-0.1pp	2.4%+0.2pp	2.2%-0.1pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about McDonald's.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are McDonald's's profit margins?: McDonald's (MCD) runs a 86.6% gross margin and a 46.3% operating margin, with a 31.6% net margin.
Where do McDonald's's ratios come from?: Every ratio is computed from McDonald's's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.