McDonald’s Corporation

NYSE:MCD

United States / Consumer Discretionary / Hotels, Restaurants & Leisure

Overview

Dividends

5Y Historical Financials

Stock Price

307.09 USD


Key Metrics	Latest
Total Revenue	25.92 B
Adjusted EBITDA	13.949 B
EBITDA Margin	53.8%
Net Profit Margin	32.6%
Total Assets	55.182 B
Total Debt	51.988 B

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Dec-23	Dec-24

Revenue	19,207.80	23,222.90	23,183.00	25,494.00	25,920.00	25,920.00	25,494.00	25,920.00
% Growth		0.21	(0.00)	0.10	0.02			0.02

Adjusted EBITDA	9,225.40	12,026.20	12,236.00	13,724.00	13,949.00	13,949.00	13,724.00	13,949.00
% Margin	0.48	0.52	0.53	0.54	0.54	0.54	0.54	0.54

Adjusted EBIT	7,474.00	10,158.10	10,365.00	11,746.00	11,852.00	11,852.00	11,746.00	11,852.00
% Margin	0.39	0.44	0.45	0.46	0.46	0.46	0.46	0.46

Adjusted Net Income	4,928.38	7,529.51	6,995.44	8,655.48	8,442.78	8,442.78	8,655.48	8,442.78
% Margin	0.26	0.32	0.30	0.34	0.33	0.33	0.34	0.33

Adjusted Basic EPS	6.62	10.09	9.50	11.89	11.75	11.75	11.89	11.75

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
USD	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24	Dec-23	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	19,208	23,223	23,183	25,494	25,920	25,920	25,494	25,920
% Growth	NA	20.9%	-0.2%	10.0%	1.7%			1.7%

Cost of Revenue	(9,456)	(10,643)	(9,975)	(10,931)	(11,210)	(11,210)	(10,931)	(11,210)
Gross Profit	9,752	12,580	13,208	14,563	14,710	14,710	14,563	14,710
% Revenue	50.8%	54.2%	57.0%	57.1%	56.8%	56.8%	57.1%	56.8%

Research and Development	0	0	0	0	0	0	0	0
Selling and Marketing	0	0	0	0	0	0	0	0
General and Admin	(2,245)	(2,378)	(2,492)	(2,435)	(2,412)	(2,412)	(2,435)	(2,412)
Other Inc / (Exp)	(166)	102	(1,728)	(432)	(551)	(551)	(432)	(551)
Total Operating Exp	(2,411)	(2,276)	(4,220)	(2,867)	(2,963)	(2,963)	(2,867)	(2,963)

Operating Income	7,341	10,305	8,988	11,696	11,747	11,747	11,696	11,747
% Revenue	38.2%	44.4%	38.8%	45.9%	45.3%	45.3%	45.9%	45.3%

Interest Expense	(1,200)	(1,177)	(1,163)	(1,174)	(1,403)	(1,403)	(1,174)	(1,403)
Pre-tax Income	6,141	9,128	7,825	10,522	10,344	10,344	10,522	10,344
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(1,410)	(1,583)	(1,648)	(2,053)	(2,121)	(2,121)	(2,053)	(2,121)
Net Income to Company	4,731	7,545	6,177	8,469	8,223	8,223	8,469	8,223
% Margin	24.6%	32.5%	26.6%	33.2%	31.7%	31.7%	33.2%	31.7%

Minority Interest in Earnings	0	0	0	0	0	0	0	0
Net Income to Stockholders	4,731	7,545	6,177	8,469	8,223	8,223	8,469	8,223

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	4,731	7,545	6,177	8,469	8,223	8,223	8,469	8,223
% Margin	24.6%	32.5%	26.6%	33.2%	31.7%	31.7%	33.2%	31.7%

As Reported
Basic EPS (Continuing Ops)	6.35	10.11	8.39	11.63	11.45	11.45	11.63	11.45
Diluted EPS (Continuing Ops)	6.31	10.04	8.33	11.56	11.39	11.39	11.56	11.39

WA Basic Shares Out.	744.60	746.30	736.50	727.90	718.30	718.30	727.90	718.30
WA Diluted Shares Out.	750.10	751.80	741.30	732.30	721.90	721.90	732.30	721.90

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	6,141	9,128	7,825	10,522	10,344	10,344	10,522	10,344
Addback: Net Interest Expense	1,200	1,177	1,163	1,174	1,403	1,403	1,174	1,403
Addback: Other Non Operating Expenses, Total	(134)	(125)	271	(202)	(192)	(192)	(202)	(192)
Addback: Depreciation & Amortization	1,751	1,868	1,871	1,978	2,097	2,097	1,978	2,097
Addback: Restructuring Charges	0	0	0	290	221	221	290	221
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	267	(21)	1,106	(110)	6	6	(110)	6
Addback: Asset Writedown	0	0	0	72	0	0	72	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	70	70	0	70
Adjusted EBITDA	9,225	12,026	12,236	13,724	13,949	13,949	13,724	13,949
% Margin	48.0%	51.8%	52.8%	53.8%	53.8%	53.8%	53.8%	53.8%

Adjusted EBIT	7,474	10,158	10,365	11,746	11,852	11,852	11,746	11,852
% Margin	38.9%	43.7%	44.7%	46.1%	45.7%	45.7%	46.1%	45.7%

Adjusted Net Income Reconciliation
Net Income to Company	4,731	7,545	6,177	8,469	8,223	8,223	8,469	8,223
Addback: Unusual Items	267	(21)	1,106	252	297	297	252	297
Less: Tax Benefit of Unusual Items (26%)	(70)	6	(288)	(66)	(77)	(77)	(66)	(77)
Adjusted Net Income	4,928	7,530	6,995	8,655	8,443	8,443	8,655	8,443
% Margin	25.7%	32.4%	30.2%	34.0%	32.6%	32.6%	34.0%	32.6%

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McDonald’s Corporation

NYSE:MCD

United States / Consumer Discretionary / Hotels, Restaurants & Leisure

5Y Historical Financials