| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.92B | $25.50B | $23.18B | $23.22B | $19.21B | $21.36B | $21.26B | $22.82B |
| Cost of Revenue | $11.21B | $10.93B | $9.97B | $10.64B | $9.46B | $10.19B | $10.43B | $12.20B |
| Gross Profit | $14.71B | $14.56B | $13.21B | $12.58B | $9.75B | $11.18B | $10.83B | $10.62B |
| Gross Margin | 56.75% | 57.12% | 56.97% | 54.17% | 50.77% | 52.33% | 50.96% | 46.54% |
| Operating Expenses | $3.00B | $2.92B | $3.84B | $2.22B | $2.43B | $2.11B | $2.01B | $1.07B |
| Operating Income | $11.71B | $11.65B | $9.37B | $10.36B | $7.32B | $9.07B | $8.82B | $9.55B |
| Operating Margin | 45.19% | 45.68% | 40.42% | 44.59% | 38.13% | 42.45% | 41.50% | 41.86% |
| Net Income | $8.22B | $8.47B | $6.18B | $7.55B | $4.73B | $6.03B | $5.92B | $5.19B |
| Net Margin | 31.72% | 33.22% | 26.65% | 32.49% | 24.63% | 28.20% | 27.87% | 22.75% |
| EPS (Basic) | $11.45 | $11.63 | $8.39 | $10.11 | $6.35 | $7.95 | $7.61 | $6.43 |
| EBITDA | $13.95B | $13.86B | $10.90B | $12.18B | $9.11B | $10.76B | $10.28B | $10.86B |
| Stock Option Compensation Expense | $172.00M | $175.20M | $167.00M | $139.20M | $92.40M | $109.60M | $125.10M | $117.50M |
| Price To Earnings Ratio | 25.32 | 25.48 | 31.42 | 26.51 | 33.78 | 24.86 | 23.33 | 26.76 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $208.23B | $215.83B | $194.09B | $200.06B | $159.78B | $149.81B | $138.18B | $138.97B |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $55.18B | $56.15B | $50.44B | $53.85B | $52.63B | $47.51B | $32.81B | $33.80B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $58.98B | $60.85B | $56.44B | $58.46B | $60.45B | $55.72B | $39.07B | $37.07B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $-3.80B | $-4.71B | $-6.00B | $-4.60B | $-7.82B | $-8.21B | $-6.26B | $-3.27B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $-3.80B | $-4.71B | $-6.00B | $-4.60B | $-7.82B | $-8.21B | $-6.26B | $-3.27B |
| Total Liabilities & Stockholders Equity | $55.18B | $56.15B | $50.44B | $53.85B | $52.63B | $47.51B | $32.81B | $33.80B |
| Book Value Per Share | $-5.29 | $-6.47 | $-8.15 | $-6.17 | $-10.51 | $-10.83 | $-8.04 | $-4.05 |
| Tangible Book Value Per Share | $-9.66 | $-10.64 | $-12.09 | $-9.89 | $-14.23 | $-14.36 | $-11.04 | $-6.99 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 14.90% | 15.08% | 12.25% | 14.01% | 8.99% | 12.68% | 18.06% | 15.36% |
| Return on Equity | -216.62% | -179.96% | -102.89% | -163.99% | -60.45% | -73.39% | -94.66% | -158.88% |
| Return on Invested Capital | 17.92% | 17.97% | 15.64% | 16.94% | 11.42% | 15.29% | 22.41% | 18.71% |
| Quick Ratio | 1.18 | 1.16 | 1.41 | 1.76 | 1.00 | 0.97 | 1.35 | 1.82 |
| Current Ratio | 1.19 | 1.16 | 1.43 | 1.78 | 1.01 | 0.98 | 1.36 | 1.84 |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $8.22B | $8.47B | $6.18B | $7.55B | $4.73B | $6.03B | $5.92B | $5.19B |
| Depreciation | $2.10B | $1.98B | $1.87B | $1.87B | $1.75B | $1.62B | $1.48B | $1.36B |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $9.45B | $9.61B | $7.39B | $9.14B | $6.27B | $8.12B | $6.97B | $5.55B |
| Capital Expenditures | $2.77B | $2.36B | $1.90B | $2.04B | $1.64B | $2.39B | $2.74B | $1.85B |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $4.87B | $4.53B | $4.17B | $3.92B | $3.75B | $3.58B | $3.26B | $3.09B |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $2.82B | $3.05B | $3.90B | $845.50M | $907.80M | $4.98B | $5.21B | $4.69B |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $6.67B | $7.25B | $5.49B | $7.10B | $4.62B | $5.73B | $4.22B | $3.70B |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
McDonald's Corporation operates and licenses its renowned fast-food chain worldwide, with a significant presence in both the United States and international markets. Their comprehensive menu offers classic items like hamburgers and cheeseburgers, a variety of chicken options including sandwiches and nuggets, alongside lighter choices such as wraps, french fries, and salads. For breakfast, patrons can select from offerings like biscuit and bagel sandwiches, breakfast burritos, and hotcakes. Additionally, the company provides oatmeal, an assortment of desserts including milkshakes, sundaes, and soft-serve ice cream, plus a selection of baked goods. A wide array of soft drinks, coffee, and other beverages completes their offering. By December 31, 2021, the corporation's global network encompassed 40,031 establishments. McDonald's Corporation, founded in 1940, has its main corporate office located in Chicago, Illinois.
Why it moved over time
McDonald's Q2 results and CEO comments that the new $3 value menu and reduced digital discounts underperformed, hurting U.S. traffic and focusing investor attention on U.S. execution and near-term sales.
Key fact: Q2 global comparable sales rose 1.3% and systemwide sales grew 4%, but management said U.S. visits slowed after the value-menu rollout and pullback in digital deals.
businessinsider.com: McDonald's is rethinking its value menu. We want your takeMcDonald's is set to report second-quarter earnings before the open, and traders expect the results could spark sizable volatility—even pushing shares toward a two‑year low—making earnings the likely catalyst.
Key fact: Q2 earnings scheduled before the bell; traders expect a potentially large post‑earnings move and possible two‑year low.
cnbc.com: McDonald's is about to report earnings. Here's what to expectMcDonald's reports Q2 earnings before the open on Aug. 4, a near-term catalyst as traders and analysts expect sizable post-earnings volatility and warn results could push the stock to a two-year low.
Key fact: Q2 earnings due before the bell on Aug. 4; traders expect significant post-earnings movement and potential two-year low.
cnbc.com: McDonald's is about to report earnings. Here's what to expectMarket focus is on McDonald's Q2 earnings report scheduled for Aug. 4, with attention on comparable sales, operating income and effects from value meals, menu innovation and digital campaigns for profit momentum.
Key fact: McDonald's Q2 earnings are due Aug. 4; analysts and articles highlight comparable-sales, operating income and promotional/digital strategies as the key metrics to watch.
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