McDonald's Corporation (MCD)

NYSE: MCD · USD

$251

+1.12 (+0.5%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-08

Our latest published analysis: MCD rated Strong Buy

McDonald's Corporation's published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$345 / share

Potential value

$488 / share

Upside to FV

+34.9%

from $251

Moat

1/10

None

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$180.9B
Revenue (ttm)	27.7B
Net income (ttm)	8.8B
EPS (ttm)	$12.3
Shares out	707.6M
P/E (trailing)	20.4x
P/E (forward)	18.6x
Dividend	$7.72 (3.08%)
Volume	2,750,146
Beta	0.45

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 27.7B
Net income (ttm): 8.8B
EPS (ttm): $12.3
P/E (trailing): 20.4x
P/E (forward): 18.6x
Market cap: $180.9B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$23.22B	$23.18B	$25.49B	$25.92B	$26.89B	+3.7%
Gross profit	$12.58B	$13.21B	$14.56B	$14.71B	$15.44B	+5.2%
Operating income	$10.36B	$9.37B	$11.65B	$11.71B	$12.39B	+4.6%
Net income	$7.55B	$6.18B	$8.47B	$8.22B	$8.56B	+3.2%
EPS (diluted)	$10.04	$8.33	$11.56	$11.39	$11.95	+4.5%
EBITDA	$12.18B	$10.90B	$13.86B	$13.95B	$14.64B	+4.7%
R&D	—	—	—	—	—	—
SG&A	$2.38B	$2.86B	$2.82B	$2.86B	$3.04B	+6.3%

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Base and Bull scenarios

Base60%

Price target

$345.00

+34.9% from spot

This path supports steady earnings growth without further margin expansion. It fails if annual revenue growth stays below 3% for two consecutive fiscal years, or if capital spending does not lift revenue and operating cash.

Consolidated FY2027 revenue reaches the published annual forecast, then the house revenue path slows gradually; the two major geographic lines remain the key operating test.
Margins ease modestly while investment spending begins to produce incremental revenue.

Bull20%

Price target

$487.79

+90.8% from spot

Joint segment strength would raise sales, profit and cash without requiring investors to pay a higher multiple. Margin compression would disconfirm this path.

FY2027 revenue and earnings approach the upper ends of their forecast ranges.
Operating margin stays near the FY2025 level implied by reported operating income and revenue, while capital spending converts into demand.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($345.00). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.6%	3.1%	3.6%	4.1%	4.6%
4.8%	$464	$541	$676	$1,011	$1,694
5.8%	$362	$394	$440	$511	$637
6.8%	$305	$323	$345	$375	$418
7.8%	$269	$279	$292	$308	$329
8.8%	$243	$250	$258	$268	$280

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E18.6

P25 n/aP50 n/aP75 n/a

Trailing P/E20.8

P25 n/aP50 n/aP75 n/a

ROEn/a

P25 n/aP50 n/aP75 n/a

ROIC17.8

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MCD indicators

Market & fundamental data

Available fields

285

Groups with data

Currency

USD

Showing 285 of 285 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000063908
Company name	McDonald's Corporation
Country	United States
Country code	US
CUSIP number	580135101
Earnings date	2026-11-04
Earnings time	bmo
Employees	150,000
Employees change	0
Employees growth	0%
Enterprise value	$231.1B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1940
In index	SP500, DOW30
Industry	Restaurants
Is primary listing	Yes
Is SPAC	No
ISIN number	US5801351017
Last 10-K release date	2026-02-24
Last earnings date	2026-08-04
Last refreshed	2026-10-28
Last stock split date	1999-03-08
Last stock split type	Forward
Market cap	$177.3B
Market cap category	Large-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$250.59
Price currency	USD
Sector	Consumer Discretionary
SIC code	5812
Stock price date	2026-10-28
Symbol	MCD
U.S. state	Illinois
Website	https://www.mcdonalds.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	19.97x
Average P/E ratio (10Y)	25.79x
Average P/E ratio (3Y)	24.72x
Average P/E ratio (5Y)	26.04x
Earnings yield	4.91%
EV/Earnings	26.4x
EV/EBIT	18.32x
EV/EBITDA	15.54x
EV/FCF	29.89x
EV/Sales	8.37x
FCF / EV yield	3.35%
FCF yield	4.36%
Forward EV/Sales	8.1x
Forward P/E	18.99x
Forward P/S	6.22x
Industry forward P/E	22.25x
Industry P/E	26.2x
Lynch fair value	$61.56
Lynch upside	-75.56%
P/(FCF - SBC) ratio	23.49x
P/(OCF - SBC) ratio	15.95x
P/E ratio	20.35x
P/FCF ratio	22.96x
P/OCF ratio	15.7x
P/S ratio	6.43x
PEG ratio	2.85x
Price/EBITDA ratio	11.94x
Sector forward P/E	24.43x
Sector P/E	30.53x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	45.72%
EBITDA margin	53.9%
Effective tax rate	21.44%
FCF margin	28.02%
Gross margin	57.38%
Operating margin	45.72%
Pretax margin	40.38%
Profit margin	31.72%
Profit per employee	$58,580
Profitable quarters	76
Profitable years	35
Revenue per employee	$184,680
ROA	13.25%
ROA (5Y)	12.99%
ROCE	22.65%
ROIC	17.8%
ROIC (5Y)	18.23%
SBC / revenue	0.63%
Tax / revenue	8.66%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	5.48%
EPS growth (Q)	5.73%
EPS growth (QoQ)	19.42%
EPS growth 10Y	8.92%
EPS growth 3Y	4.27%
EPS growth 5Y	6.02%
EPS growth quarters	5
EPS growth years	1
FCF growth	12.51%
FCF growth (Q)	57.58%
FCF growth (QoQ)	14.22%
FCF growth 3Y	5.34%
FCF growth 5Y	1.84%
Gross profit growth	7.03%
Gross profit growth (Q)	3.94%
Gross profit growth 3Y	4.57%
Gross profit growth 5Y	6.55%
Net income growth	4.69%
Net income growth (Q)	4.84%
Net income growth (QoQ)	19.11%
Net income growth 3Y	3.19%
Net income growth 5Y	4.97%
Net income growth quarters	5
Net income growth years	1
OCF growth	15.86%
OCF growth (Q)	40.49%
OCF growth (QoQ)	16.38%
OCF growth 10Y	6.03%
OCF growth 3Y	9.14%
OCF growth 5Y	5.24%
Operating income growth	5.35%
Operating income growth (Q)	1.16%
Operating income growth 3Y	4.48%
Operating income growth 5Y	6.67%
Revenue growth	6.3%
Revenue growth (Q)	3.74%
Revenue growth (QoQ)	8.93%
Revenue growth 10Y	0.98%
Revenue growth 3Y	4.62%
Revenue growth 5Y	4.96%
Revenue growth quarters	5
Revenue growth years	3

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-3.6B
Depreciation and amortization	$2.3B
EBIT	$12.7B
EBITDA	$14.9B
EPS	$12.31
FCF per share	$10.97
Financing cash flow	$-8.6B
Free cash flow	$7.8B
Free cash flow minus SBC	$7.6B
Gross profit	$15.9B
Income taxes	$2.4B
Investing cash flow	$-3.8B
Net borrowing	$-1.1B
Net cash flow	$-1.1B
Net income	$8.8B
Operating cash flow minus SBC	$11.2B
Operating income	$12.7B
Revenue	$27.7B
Stock-based compensation	$175M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	4.98
Book value per share	$-1.45
Debt / EBITDA	3.28
Debt / FCF	7.04
Goodwill	$3.3B
Interest coverage	7.79
Long-term assets	$55.6B
Long-term liabilities	$56.9B
Net cash (debt)	$-53.8B
Net cash / market cap	-30.18%
Net debt / EBITDA	3.6
Net debt / FCF	6.93
Piotroski F-Score	7
Property, plant and equipment	$42.9B
Shareholders' equity	$-1B
Tangible book value	$-4.4B
Tangible book value per share	$-6.18
Total assets	$59.9B
Total cash	$822M
Total debt	$54.6B
Total liabilities	$60.9B
WACC	5.68%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.46
Current assets	$4.3B
Current liabilities	$4B
Current ratio	1.08
Inventory turnover	208.96
Net working capital	$207M
Quick ratio	0.82
Working capital	$327M
Working capital turnover	33.99

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.73%
Dividend growth	4.74%
Dividend growth (10Y)	7.6%
Dividend growth (3Y)	6.43%
Dividend growth (5Y)	7.42%
Dividend growth years	51
Dividend payment date	2026-12-15
Dividend payment years	51
Dividend payout frequency	Quarterly
Dividend per share	$7.72
Dividend yield	3.08%
Ex-dividend date	2026-12-01
FCF payout ratio	70.39%
Last dividend	$1.93
Payout ratio	62.71%
Shareholder yield	3.8%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	123.47%
10Y return CAGR	11.01%
10Y total return	184.16%
150-day SMA	$271.15
15Y price change	167.84%
15Y return CAGR	9.69%
15Y total return	300.34%
1D price change	0.45%
1M price change	5.9%
1M total return	5.9%
1W price change	1.6%
1W total return	1.6%
1Y price change	-19.21%
1Y return CAGR	-17.14%
1Y total return	-17.13%
20-day SMA	$240.74
200-day SMA	$283.69
20Y price change	503.96%
20Y return CAGR	12.57%
20Y total return	967.31%
3M price change	-7.47%
3M total return	-6.81%
3Y price change	-2.07%
3Y return CAGR	1.73%
3Y total return	5.28%
50-day SMA	$248.70
50-day SMA vs 200-day SMA	50under200
52-week high	$341.75
52-week high date	2026-03-02
52-week low	$229.20
52-week low date	2026-10-05
5Y price change	3.19%
5Y return CAGR	3%
5Y total return	15.93%
6M price change	-13.7%
6M total return	-12.49%
All-time high	$341.75
All-time high date	2026-03-02
All-time low	$0.14
All-time low date	1968-03-05
Average true range (ATR)	$4.45
Average volume	5.5M
Beta (1Y)	0.21
Beta (2Y)	0.27
Beta (5Y)	0.45
Change from 52-week high	-26.67%
Change from 52-week low	9.33%
Change from all-time high	-26.71%
Change from all-time low	182,584.17%
Change from open	0.81%
Day's gap	-0.36%
Dollar volume	$689.2M
High price	$252.38
Low price	$248.41
Monthly RSI	40.19
Open price	$248.57
Position in 52-week range	54.91%
Premarket change	-0.45%
Premarket close	$249.47
Premarket price	$248.35
Premarket volume	33.2K
Previous close	$249.47
Price vs 150-day SMA	-7.63%
Price vs 20-day SMA	4.04%
Price vs 200-day SMA	-11.71%
Price vs 50-day SMA	0.71%
Relative volume	0.5
RSI	59.49
Sharpe ratio	-1.07
Sharpe ratio (3Y)	-0.03
Sharpe ratio (5Y)	0.05
Sortino ratio	-1.17
Sortino ratio (3Y)	0.27
Sortino ratio (5Y)	0.38
Volume	2.8M
Weekly RSI	39.4
YTD price change	-18.05%
YTD total return	-16.44%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	706.6M
Float percentage	99.85%
Shares change (QoQ)	-0.34%
Shares change (YoY)	-0.73%
Shares held by insiders	0.03%
Shares held by institutions	75.59%
Shares outstanding	707.6M
Short % of float	1.95%
Short % of shares	1.95%
Short ratio	2.4 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	685

Deeper analysis on MCD

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this MCD report

What is the latest published MCD stock rating?

McDonald's Corporation is shown with Strong Buy in the latest published report, analyzed 2026-09-08. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full MCD analysis?

The full latest published report, analyzed 2026-09-08, lives at /stocks/MCD/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for MCD?

The latest published report analyzed 2026-09-08 gives MCD a fair value of USD 345 and a potential value of USD 488. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the MCD page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-08). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Strong BuyMCD · Fair value $345+34.9%

Read full analysis →

McDonald's Corporation (MCD)

Our latest published analysis: MCD rated Strong Buy

Price

Financial snapshot

Fair-value bridge

Latest news · MCD

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All MCD indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on MCD

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	8.5
Management	6.5
Balance Sheet	5.0
Profitability	6.5
Revenue Growth	4.5
Risk Assessment	7.0
Competitive Moat	1.0
Earnings Quality	8.0
Capital Efficiency	7.5