McDonald's
MCD stock analysis · Consumer Discretionary · Restaurants
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -42.9% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
5 industry peers · median 28.3×
How this is calculated ↗Historical multiples
7 annual observations · snapshot P/E 22.3× · -15.6% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete
How this is calculated ↗Value composite
Requires three valuation yields and at least five covered sector peers.
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Parent-earnings fallback versus consolidated cash flow · scope limitation
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $193.46 | $211.08 | $230.03 |
| 10.0% | $141.76 | $154.24 | $167.63 |
| 12.0% | $111.84 | $121.36 | $131.56 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 26.9B | 8.6B | 10.6B | 3.4B | 59.5B |
| 2024-12-31 | 25.9B | 8.2B | 9.4B | 2.8B | 55.2B |
| 2023-12-31 | 25.5B | 8.5B | 9.6B | 2.4B | 56.1B |
| 2022-12-31 | 23.2B | 6.2B | 7.4B | 1.9B | 50.4B |
| 2021-12-31 | 23.2B | 7.5B | 9.1B | 2B | 53.9B |
| 2020-12-31 | 19.2B | 4.7B | 6.3B | 1.6B | 52.6B |
| 2019-12-31 | 21.4B | 6B | 8.1B | 2.4B | 47.5B |
| 2018-12-31 | 21.3B | 5.9B | 7B | 2.7B | 32.8B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 26.9B | Revenues | 2026-02-24 |
| netIncome | 8.6B | NetIncomeLoss Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-02-24 |
| Parent/common earnings proxy | 8.6B | NetIncomeLoss | 2026-02-24 |
| cfo | 10.6B | NetCashProvidedByUsedInOperatingActivities | 2026-02-24 |
| capex | 3.4B | PaymentsToAcquirePropertyPlantAndEquipment | 2026-02-24 |
| operatingIncome | 12.4B | OperatingIncomeLoss | 2026-02-24 |
| assets | 59.5B | Assets | 2026-02-24 |
| equity | -1.8B | StockholdersEquity Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-02-24 |
| Parent book equity proxy | -1.8B | StockholdersEquity | 2026-02-24 |
| debt | 40B | LongTermDebt | 2026-02-24 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 774M | CashAndCashEquivalentsAtCarryingValue | 2026-02-24 |
| shares | 716.4 | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-02-24 |
| dividends | 5.1B | PaymentsOfDividendsCommonStock | 2026-02-24 |
| buybacks | 2.1B | PaymentsForRepurchaseOfCommonStock | 2026-02-24 |
| issuance | 285M | Reviewed manual correction Bounded FY2025-12-31 consolidated financing-statement extraction. Proceeds from stock option exercises: 285000000 USD [us-gaap:ProceedsFromStockOptionsExercised]. All 7 financing lines reconcile exactly to reported financing cash flow -7125000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: the statement also aggregates other financing cash flows (net -167000000 USD). Their common-equity portion is not separately disclosed here. Issuance is the sum of separately reported common cash-issuance lines, not an independently verified gross total; additional equity flows may be inside those aggregates. | 2026-02-24 |