Capital Expenditures for McDonald's (MCD)
According to McDonald's's latest reported financial statements, the company's current capital expenditures (TTM) is $3.37B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MCD
Currently viewingCapital ExpendituresSwitch metric
Latest period
$3.37B
YoY change
+21.3%
5Y CAGR
+15.4%
Peak year (2025)
$3.37B
Cumulative capital expenditures
$77.09B
CapEx history chart for McDonald's (MCD) from 1989 to 2025
CapEx history table for McDonald's (MCD) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.37B | +21.3% | ||
| 2024 | $2.77B | +17.7% | ||
| 2023 | $2.36B | +24.1% | ||
| 2022 | $1.90B | -6.9% | ||
| 2021 | $2.04B | +24.3% | ||
| 2020 | $1.64B | -31.5% | ||
| 2019 | $2.39B | -12.7% | ||
| 2018 | $2.74B | +47.9% | ||
| 2017 | $1.85B | +1.8% | ||
| 2016 | $1.82B | +0.4% | ||
| 2015 | $1.81B | -29.8% | ||
| 2014 | $2.58B | -8.5% | ||
| 2013 | $2.82B | -7.4% | ||
| 2012 | $3.05B | +11.7% | ||
| 2011 | $2.73B | +27.8% | ||
| 2010 | $2.14B | +9.4% | ||
| 2009 | $1.95B | -8.6% | ||
| 2008 | $2.14B | +9.7% | ||
| 2007 | $1.95B | +11.8% | ||
| 2006 | $1.74B | +8.4% | ||
| 2005 | $1.61B | +2.4% | ||
| 2004 | $1.57B | -6.8% | ||
| 2003 | $1.68B | -34.0% | ||
| 2002 | $2.55B | +14.0% | ||
| 2001 | $2.24B | -5.6% | ||
| 2000 | $2.37B | +7.3% | ||
| 1999 | $2.21B | +10.6% | ||
| 1998 | $2.00B | -10.2% | ||
| 1997 | $2.22B | -11.5% | ||
| 1996 | $2.51B | +21.8% | ||
| 1995 | $2.06B | +34.1% | ||
| 1994 | $1.54B | +16.8% | ||
| 1993 | $1.32B | +14.4% | ||
| 1992 | $1.15B | +2.0% | ||
| 1991 | $1.13B | -28.1% | ||
| 1990 | $1.57B | +1.0% | ||
| 1989 | $1.55B | — |
CapEx values are taken from McDonald's's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, McDonald's (MCD) capital expenditures totalled $3.37B – grew 21.3% year-over-year.
Across 2020–2025 (5 years), McDonald's capital expenditures produced a CAGR of +15.4% – sustaining 3 straight years of year-over-year growth.
2025 marks the peak capital expenditures at $3.37B, with the historical low of $1.13B recorded in 1991.
Within Consumer Cyclical, McDonald's (MCD) ranks 5th among 8 peers we track. The peer median for capital expenditures is $2.95B.
McDonald's Capital Expenditures by Year
McDonald's Capital Expenditures 2025: $3.37B
McDonald's capital expenditures in 2025 was $3.37B, grew 21.3% from 2024. This figure represents the highest annual value in the available history.
McDonald's Capital Expenditures 2024: $2.77B
McDonald's capital expenditures in 2024 was $2.77B, grew 17.7% from 2023.
McDonald's Capital Expenditures 2023: $2.36B
McDonald's capital expenditures in 2023 was $2.36B, grew 24.1% from 2022.
McDonald's Capital Expenditures 2022: $1.90B
McDonald's capital expenditures in 2022 was $1.90B, declined 6.9% below 2021.
McDonald's Capital Expenditures 2021: $2.04B
McDonald's capital expenditures in 2021 was $2.04B.
See more financial history for McDonald's (MCD).
Sector peers — CapEx
Companies in the same sector as McDonald's, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Amazon.com, Inc. (AMZN) | $131.82B | Consumer Cyclical |
| Alibaba Group Holding Limited (BABA) | $86.66B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $8.53B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $3.68B | Consumer Cyclical |
| Lowe's Companies, Inc. (LOW) | $2.21B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $1.96B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $322.00M | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $0 | Consumer Cyclical |
Frequently asked questions
What is McDonald's's capital expenditures?
- Latest reported capital expenditures for McDonald's (MCD) is $3.37B (period ending December 31, 2025).
How has McDonald's capital expenditures changed year-over-year?
- McDonald's (MCD) capital expenditures changed +21.3% year-over-year on the latest annual filing.
What is the long-term growth rate of McDonald's capital expenditures?
- McDonald's (MCD) capital expenditures compound annual growth rate is +15.4% over the most recent 5 years available.
When did McDonald's capital expenditures hit its highest annual value?
- McDonald's capital expenditures reached its highest annual value of $3.37B in 2025.
What was McDonald's capital expenditures in 2024?
- McDonald's (MCD) capital expenditures in 2024 was $2.77B.
What was McDonald's capital expenditures in 2025?
- McDonald's (MCD) capital expenditures in 2025 was $3.37B.
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