McDONALD’S CORPORATION

MCD · CIK 0000063908

19 fiscal years · 69 SEC filings · every number carries its receipt

Compare MCD vs SBUX →

Revenue (FY)

$26.89B3.7%

FY2025

Net income (FY)

$8.56B4.1%

FY2025

Free cash flow (FY)

$7.19B7.7%

FY2025

Diluted EPS (FY)

$11.954.9%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 1.2× since FY2007 · net margin 10.5% → 31.9%

MarginsNet marginFCF margin

FY2025: net 31.9% · free cash flow 26.7% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $10.55B operating cash − $3.37B capex = $7.19B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 32% (FY2008) → -478% (FY2025) · on assets 14.4%

The receipts

McDONALD’S CORPORATION

MCD · CIK 0000063908

19 fiscal years · 69 SEC filings · every number carries its receipt

Compare MCD vs SBUX →

Revenue (FY)

$26.89B3.7%

FY2025

Net income (FY)

$8.56B4.1%

FY2025

Free cash flow (FY)

$7.19B7.7%

FY2025

Diluted EPS (FY)

$11.954.9%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 1.2× since FY2007 · net margin 10.5% → 31.9%

MarginsNet marginFCF margin

FY2025: net 31.9% · free cash flow 26.7% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $10.55B operating cash − $3.37B capex = $7.19B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 32% (FY2008) → -478% (FY2025) · on assets 14.4%

The receipts