FN2 Earnings Intelligence
McDonald's Corporation cash flow
McDonald's Corporation (MCD) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - |
| - Cash | $4,709.2 | $2,583.8 | $4,579.3 | $1,085 | $774 |
| + Debt | - | - | $39,345.3 | $38,424 | - |
| Enterprise Value | - | - | - | - | - |
| Revenue | $23,222.9 | $23,182.6 | $25,493.7 | $25,920 | $26,885 |
| % Growth | 20.9% | -0.2% | 10.0% | 1.7% | 3.7% |
| Gross Profit | - | - | - | - | - |
| % Margin | - | - | - | - | - |
| EBITDA | $10,685.7 | $9,741.4 | $12,028.4 | $12,159 | $12,850 |
| % Margin | 46.0% | 42.0% | 47.2% | 46.9% | 47.8% |
| Net Income | $7,545.2 | $6,177.4 | $8,468.8 | $8,223 | $8,563 |
| % Margin | 32.5% | 26.6% | 33.2% | 31.7% | 31.9% |
| Diluted EPS | $10.04 | $8.33 | $11.56 | $11.39 | $11.95 |
| % Growth | 59.1% | -17.0% | 38.8% | -1.5% | 4.9% |
| Operating Cash Flow | $9,141.5 | $7,386.7 | $9,611.9 | $9,447 | $10,551 |
| CapEx | $2,040 | $1,899.2 | $2,357.4 | $2,775 | $3,365 |
| Free Cash Flow | $7,101.5 | $5,487.5 | $7,254.5 | $6,672 | $7,186 |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue | $23,222.9 | $23,182.6 | $25,493.7 | $25,920 | $26,885 |
| Gross Profit | - | - | - | - | - |
| EBITDA | $10,685.7 | $9,741.4 | $12,028.4 | $12,159 | $12,850 |
| Net Income | $7,545.2 | $6,177.4 | $8,468.8 | $8,223 | $8,563 |
| Diluted EPS | $10.04 | $8.33 | $11.56 | $11.39 | $11.95 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $4,709.2 | $2,583.8 | $4,579.3 | $1,085 | $774 |
| Short-term Debt | - | - | $2,192.4 | $0 | - |
| Long-term Debt | $35,622.7 | $35,903.5 | $37,152.9 | $38,424 | $39,973 |
| Total Debt | - | - | $39,345.3 | $38,424 | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $9,141.5 | $7,386.7 | $9,611.9 | $9,447 | $10,551 |
| Capital Expenditure | $2,040 | $1,899.2 | $2,357.4 | $2,775 | $3,365 |
| Free Cash Flow | $7,101.5 | $5,487.5 | $7,254.5 | $6,672 | $7,186 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 20.9% | -0.2% | 10.0% | 1.7% | 3.7% |
| Gross Margin | - | - | - | - | - |
| EBITDA Margin | 46.0% | 42.0% | 47.2% | 46.9% | 47.8% |
| Net Margin | 32.5% | 26.6% | 33.2% | 31.7% | 31.9% |
| FCF Margin | 30.6% | 23.7% | 28.5% | 25.7% | 26.7% |
| Diluted EPS Growth | 59.1% | -17.0% | 38.8% | -1.5% | 4.9% |