TTM
54.4%
YoY change
+0.63pp
Trough year (2002)
20.5%
Peak year (2025)
54.4%
Latest annual
54.4%
EBITDA Margin history chart for McDonald's (MCD) from 1985 to 2025
Latest: 54.4%
EBITDA Margin change chart for McDonald's (MCD) from 1985 to 2025
Latest: +0.63pp
EBITDA Margin history table for McDonald's (MCD) from 1985 to 2025
| 2025 | 54.4% | +0.63pp | ||
| 2024 | 53.8% | -0.56pp | ||
| 2023 | 54.4% | +7.34pp | ||
| 2022 | 47.0% | -5.42pp | ||
| 2021 | 52.5% | +5.03pp | ||
| 2020 | 47.4% | -2.92pp | ||
| 2019 | 50.4% | +2.00pp | ||
| 2018 | 48.4% | +0.77pp | ||
| 2017 | 47.6% | +9.94pp | ||
| 2016 | 37.6% | +3.21pp | ||
| 2015 | 34.4% | -0.53pp | ||
| 2014 | 35.0% | -1.75pp | ||
| 2013 | 36.7% | +0.13pp | ||
| 2012 | 36.6% | -0.15pp | ||
| 2011 | 36.7% | +0.48pp | ||
| 2010 | 36.3% | +0.30pp | ||
| 2009 | 35.9% | +2.41pp | ||
| 2008 | 33.5% | +10.73pp | ||
| 2007 | 22.8% | -4.21pp | ||
| 2006 | 27.0% | -0.13pp | ||
| 2005 | 27.1% | +1.66pp | ||
| 2004 | 25.5% | +2.26pp | ||
| 2003 | 23.2% | +2.69pp | ||
| 2002 | 20.5% | -4.91pp | ||
| 2001 | 25.4% | -3.65pp | ||
| 2000 | 29.1% | -2.36pp | ||
| 1999 | 31.5% | +0.02pp | ||
| 1998 | 31.4% | +0.85pp | ||
| 1997 | 30.6% | -0.58pp | ||
| 1996 | 31.2% | -1.56pp | ||
| 1995 | 32.7% | -0.76pp | ||
| 1994 | 33.5% | -0.14pp | ||
| 1993 | 33.6% | +0.64pp | ||
| 1992 | 33.0% | +1.93pp | ||
| 1991 | 31.1% | +1.02pp | ||
| 1990 | 30.0% | -0.86pp | ||
| 1989 | 30.9% | +0.94pp | ||
| 1988 | 29.9% | -0.71pp | ||
| 1987 | 30.7% | +2.65pp | ||
| 1986 | 28.0% | -1.52pp | ||
| 1985 | 29.5% | — |
- 202554.4%+0.63pp
- 202453.8%-0.56pp
- 202354.4%+7.34pp
- 202247.0%-5.42pp
- 202152.5%+5.03pp
- 202047.4%-2.92pp
- 201950.4%+2.00pp
- 201848.4%+0.77pp
- 201747.6%+9.94pp
- 201637.6%+3.21pp
- 201534.4%-0.53pp
- 201435.0%-1.75pp
- 201336.7%+0.13pp
- 201236.6%-0.15pp
- 201136.7%+0.48pp
- 201036.3%+0.30pp
- 200935.9%+2.41pp
- 200833.5%+10.73pp
- 200722.8%-4.21pp
- 200627.0%-0.13pp
- 200527.1%+1.66pp
- 200425.5%+2.26pp
- 200323.2%+2.69pp
- 200220.5%-4.91pp
- 200125.4%-3.65pp
- 200029.1%-2.36pp
- 199931.5%+0.02pp
- 199831.4%+0.85pp
- 199730.6%-0.58pp
- 199631.2%-1.56pp
- 199532.7%-0.76pp
- 199433.5%-0.14pp
- 199333.6%+0.64pp
- 199233.0%+1.93pp
- 199131.1%+1.02pp
- 199030.0%-0.86pp
- 198930.9%+0.94pp
- 198829.9%-0.71pp
- 198730.7%+2.65pp
- 198628.0%-1.52pp
- 198529.5%—
EBITDA Margin values are taken from McDonald's's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at McDonald's (MCD)
According to McDonald's's latest reported financial statements, the company's latest reported EBITDA margin is 54.4%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, McDonald's (MCD) EBITDA margin totalled 54.44% – expanded 0.6 percentage points year-over-year.
2025 marks the peak EBITDA margin at 54.44%, with the historical low of 20.54% recorded in 2002.
McDonald's EBITDA Margin by Year
McDonald's EBITDA Margin 2025: 54.4%
2025's EBITDA margin for McDonald's came in at 54.44%, expanded 0.6 percentage points from 2024. This figure represents the highest annual value in the available history.
McDonald's EBITDA Margin 2024: 53.8%
McDonald's posted EBITDA margin of 53.81% in 2024, contracted 0.6 percentage points from 2023.
McDonald's EBITDA Margin 2023: 54.4%
In 2023, McDonald's reported EBITDA margin of 54.37%, expanded 7.3 percentage points from 2022.
McDonald's EBITDA Margin 2022: 47.0%
McDonald's EBITDA margin in 2022 was 47.03%, contracted 5.4 percentage points from 2021.
McDonald's EBITDA Margin 2021: 52.5%
McDonald's EBITDA margin in 2021 was 52.46%.
See more financial history for McDonald's (MCD).
Sector peers by EBITDA Margin
Consumer Cyclical peers of McDonald's (MCD), ranked by their latest EBITDA margin
| 34.4% | |
| 30.3% | |
| 23.1% | |
| 14.1% | |
| 14.0% | |
| 13.9% | |
| 13.0% | |
| 10.7% |
- 30.3%
- 23.1%
- 14.1%
- 14.0%
- 13.9%
- 10.7%
Frequently asked questions
McDonald's (MCD) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation