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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	184.2%+1.0pp	183.2%+0.9pp	182.3%+1.2pp	181.1%+0.5pp	180.6%-0.8pp
Net margin	127.7%-0.1pp	127.8%+0.1pp	127.7%+0.3pp	127.5%0.0pp	127.5%-1.6pp
EBITDA margin	191.2%+1.0pp	190.2%+0.9pp	189.3%+1.4pp	187.9%+0.8pp	187.1%-0.5pp
Free cash flow margin	106.9%-0.4pp	107.3%+1.0pp	106.3%+2.7pp	103.6%-1.1pp	104.7%-1.8pp
Returns
Return on assets	59.1%+0.1pp	59%+0.2pp	58.8%—	——	——
Return on invested capital	82.8%+5.5pp	77.4%-1.4pp	78.8%—	——	——
Efficiency
Asset turnover	1.9×0.0×	1.8×0.0×	1.8×—	——	——
Liquidity
Current ratio	4.4×0.0×	4.4×-0.2×	4.7×+0.2×	4.5×+0.2×	4.2×+0.4×
Quick ratio	4.3×0.0×	4.4×-0.2×	4.6×+0.2×	4.4×+0.2×	4.2×+0.3×
Cash ratio	1.3×0.0×	1.3×-0.1×	1.4×+0.2×	1.2×+0.2×	1×+0.1×
Leverage
Debt-to-assets	3.7×0.0×	3.8×0.0×	3.8×0.0×	3.8×0.0×	3.8×0.0×
Net debt / EBITDA	17.1×-0.2×	17.3×+0.1×	17.2×-0.1×	17.3×+0.1×	17.2×+0.2×
Interest coverage	31.4×+0.2×	31.1×+0.1×	31.1×0.0×	31.1×-0.3×	31.4×-0.7×
Per Share
Book value per share	-$11.17+21.2%	-$14.18+16.3%	-$16.94+19.8%	-$21.11+11.8%	-$23.94+7.2%
Valuation
Market capitalization	$864.25B-0.2%	$866.1B+1.2%	$856.18B-0.2%	$858.21B+2.9%	$833.74B+2.3%
Enterprise value	$1.08T0.0%	$1.08T+1.3%	$1.07T-0.1%	$1.07T+2.6%	$1.04T+2.0%
Price / earnings	101.5×-1.8×	103.4×+0.2×	103.2×-0.8×	104×+2.7×	101.3×+3.5×
Price / sales	32.4×-0.6×	33×+0.1×	32.9×-0.2×	33.1×+0.9×	32.3×+0.7×
EV / EBITDA	84.9×-1.8×	86.8×0.0×	86.8×-1.0×	87.8×+1.7×	86.2×+1.9×
EV / sales	40.6×-0.7×	41.3×+0.2×	41.1×-0.2×	41.3×+0.9×	40.3×+0.8×
Free cash flow yield	13.2%+0.2pp	13%+0.1pp	12.9%+0.4pp	12.5%-0.5pp	13.1%-0.5pp
Earnings yield	15.8%+0.3pp	15.5%0.0pp	15.5%+0.1pp	15.4%-0.5pp	15.9%-0.5pp
Dividend yield	9.4%+0.1pp	9.3%0.0pp	9.3%+0.1pp	9.1%-0.2pp	9.3%-0.1pp
PEG ratio	46.9×—	——	——	——	——

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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.