Mcdonalds Corp (MCD)
Consumer Discretionary · Restaurants · US stock · S&P 500 component
$242.97
▲ +0.47 (0.19%)
Fair valueFair
$298 +22.8% to fair value
$149fair band $209–$388$447
Day's range
$241.88 – $245.85
52-week range
$229.20 – $335.18
Red flags⚠ Negative equity
About Mcdonalds Corp
McDonald's franchises and operates fast food restaurants around the world, selling burgers, chicken items, breakfast food and drinks. Most of its restaurants are run by independent franchisees, who pay the company rent, royalties and fees based on sales, while the company also keeps a smaller number of restaurants under its own management. Because it owns or leases much of the land and buildings, property income forms a major part of its earnings.
Revenue over the last twelve months came to $27.7 billion, and sales grew by 5.1% a year on average across the past three years. Operating margin is 46.2% and return on invested capital is 27%. Net debt to EBITDA is 2.9 times. It pays a dividend with a yield of 3.1%. The X-Ray Score is 52 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $229.20 – $335.18Volume 7,239,600Daily, split-adjusted
Vitals
Market cap$172.8B
52-week range$229.20 – $335.18
Volume (last day)7,239,600
P/E (TTM)14.8
EBIT / EV yield6.0%
Free-cash-flow yield4.5%
Dividend yield3.1%
Revenue (TTM)$27.7B
Net income (TTM)$8.8B
Operating margin46.2%
Return on capital26.6%
Debt incl. leases$39.9B
Cash & securities$822M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$298model spread $273 – $331
Fair
+22.8% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $243
Undervalued < $209Fair $209 – $388Overvalued > $388
10-year DCF (market-scaled)
$385
Peer multiples
$249
Earnings power floor (not blended)
$112
Fundamentals-adjusted multiple
$260
Growth the price implies
8.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Valuation
Weak
49/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield6.0%
Free-cash-flow yield4.5%
Fair value vs price1.2×
Growth
Weak
45/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)5.1%
EPS growth (3y)12.8%
Growth consistency70%
Profitability
Fair
63/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital26.6%
Operating margin46.2%
Financial health
Weak
49/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA2.9×
Interest cover7.9×
Dividends
Fair
63/100
Dividend is typical for its sector.
See the numbers →
Dividend yield3.1%
Dividends vs free cash flow68%
Dividend growth7.1%
Quarterly results: last 6 quarters
-3.5%
Mar '25
+5.4%
Jun '25
+3.0%
Sep '25
+9.7%
Dec '25
+9.4%
Mar '26
+3.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $7.1B, diluted EPS $3.32.
Compare with peers
DPZ Dominos Pizza Inc63 CMG Chipotle Mexican Grill...60 DRI Darden Restaurants Inc53 YUM Yum Brands Inc47Other Restaurants companies by X-Ray Score.
Fundamentals checklist
● 3 Good · ● 7 Average · ● 5 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 52/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $23.2B | $23.2B | $25.5B | $25.9B | $26.9B |
| Operating income | $10.4B | $9.4B | $11.6B | $11.7B | $12.4B |
| Net income | $7.5B | $6.2B | $8.5B | $8.2B | $8.6B |
| Operating cash flow | $9.1B | $7.4B | $9.6B | $9.4B | $10.6B |
| Operating margin | 44.6% | 40.4% | 45.7% | 45.2% | 46.1% |
| Free cash flow | $7.1B | $5.5B | $7.3B | $6.7B | $7.2B |
| Diluted EPS | $10.04 | $8.33 | $11.56 | $11.39 | $11.95 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 1 neutral · 10 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 236.4 | Bullish |
| EMA 10 | 238.1 | Bullish |
| SMA 20 | 236.8 | Bullish |
| EMA 20 | 239.6 | Bullish |
| SMA 50 | 251.8 | Bearish |
| EMA 50 | 248.7 | Bearish |
| SMA 100 | 261.9 | Bearish |
| EMA 100 | 260.1 | Bearish |
| SMA 200 | 282.8 | Bearish |
| EMA 200 | 273.0 | Bearish |
Oscillators (daily)
| RSI (14) | 52.31 | Neutral |
| MACD (12, 26) | -3.33 | Bearish |
| Momentum (12) | 5.21 | Bullish |
| Stochastic %K (14) | 82.70 | Bearish |
| Williams %R (14) | -17.30 | Bearish |
| CCI (20) | 100.7 | Bearish |
Pivot points (classic, last session)
S3 237.3 | S2 239.6 | S1 241.3 | Pivot 243.6 | R1 245.3 | R2 247.5 | R3 249.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
7.44 USD
Yield on today's price
3.06%
Frequency
Quarterly
Next ex-dividend date
1 Dec 2026
| Ex-dividend date | Amount per share |
|---|---|
| 1 Dec 2026 (upcoming) | 1.9300 |
| 1 Sep 2026 | 1.8600 |
| 2 Jun 2026 | 1.8600 |
| 3 Mar 2026 | 1.8600 |
| 1 Dec 2025 | 1.8600 |
| 2 Sep 2025 | 1.7700 |
| 2 Jun 2025 | 1.7700 |
| 3 Mar 2025 | 1.7700 |
| 2 Dec 2024 | 1.7700 |
| 3 Sep 2024 | 1.6700 |
| 3 Jun 2024 | 1.6700 |
| 29 Feb 2024 | 1.6700 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MCD SEC filings
23 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure
7 Aug 2026
10-QSEC EDGAR
Quarterly report
4 Aug 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
4 Aug 2026
8-KSEC EDGAR
Results of operations
22 May 2026
8-KSEC EDGAR
Shareholder vote results
7 May 2026
10-QSEC EDGAR
Quarterly report
7 May 2026
8-KSEC EDGAR
Results of operations
7 Apr 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.