McDonald's Corporation

MCDNYSEConsumer Cyclical● Active

$279.84

+$7.12(+2.61%)

Market Cap$198.8B

P/E Ratio—

52W High$341.75

52W Low$271.98

Avg Volume3.6M

Open$274.40

Beta0.41

Overview

McDonald's Corporation (MCD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MCD · free cash flow · updated Jun 8, 2026

Core FCF metrics

MCD · FCF · TTM · margin & CAGR

Free cash flow was $7.19B for FY2025 (fiscal year ending 2025-12-31), up 7.7% year-over-year The FCF margin was 26.7%. Five-year CAGR stands at +9.2%.

FY2025 Free Cash Flow$7.19B▲ +7.7% YoY

Trailing 12M (TTM)$7.04Btrailing 4 quarters sum

FCF Margin26.7%$7.19B ÷ revenue

3-Year CAGR+9.4%FY2022 → FY2025

5-Year CAGR+9.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MCD · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$10.55B(3.37B)$7.19B▲ +7.7%26.7%

FY2024$9.45B(2.77B)$6.67B▼ 8.0%25.7%

FY2023$9.61B(2.36B)$7.25B▲ +32.2%28.4%

FY2022$7.39B(1.90B)$5.49B▼ 22.7%23.7%

FY2021$9.14B(2.04B)$7.10B▲ +53.6%30.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MCD · P/FCF · FCF yield · FCF per share

McDonald's Corporation (MCD) trades at a FCF yield of 3.54% and a price-to-free-cash-flow ratio of 28.4x. FCF per share stands at $9.87, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.54%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$9.87

TTM FCF ÷ Shares Outstanding

Price / FCF

x28.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x35.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MCD · cash flow statement · operating / investing / financing

For FY2025, McDonald's Corporation generated $10.55B in operating cash flow and spent 3.37B in capital expenditures, yielding $7.19B in free cash flow.

Operating Activities

+$10.55B

Cash from core business operations

2025-12-31

Investing Activities

−$3.82B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$7.13B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($10.55B) − |CapEx| (3.37B) = FCF ($7.19B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

MCD vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

McDonald's CorporationYOU

MCD

$7.19B+7.7%26.7%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

McDonald's Corporation (MCD) reported free cash flow of $7.19B for FY2025 (fiscal year ending 2025-12-31), up 7.7% year-over-year. The FCF margin was 26.7%.

Based on available data, McDonald's Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $7.25B in FY2023. The 5-year CAGR stands at +9.2%.

McDonald's Corporation's FCF yield is 3.54% and price-to-FCF ratio is 28.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MCD free cash flow · 8 questions

McDonald's Corporation free cash flow was $7.19B for FY2025, up 7.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $7.04B.

MCD free cash flowMCD FCFMCD FCF 2025MCD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · McDonald's Corporation · McDonald's Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026