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FCF Margin for McDonald's (MCD)

As of · Reported

Metric

TTM

25.6%

YoY change

+0.99pp

Trough year (1989)

-5.0%

Peak year (2021)

30.6%

FCF Margin history chart for McDonald's (MCD) from 1989 to 2025

Latest: 26.7%

FCF Margin change chart for McDonald's (MCD) from 1989 to 2025

Latest: +0.99pp

FCF Margin history table for McDonald's (MCD) from 1989 to 2025

  • 202526.7%+0.99pp
  • 202425.7%-2.71pp
  • 202328.5%+4.78pp
  • 202223.7%-6.91pp
  • 202130.6%+6.50pp
  • 202024.1%-2.74pp
  • 201926.8%+6.94pp
  • 201819.9%+3.67pp
  • 201716.2%-1.01pp
  • 201617.2%-1.38pp
  • 201518.6%+3.48pp
  • 201415.1%-0.17pp
  • 201315.3%+1.08pp
  • 201214.2%-2.16pp
  • 201116.4%-1.10pp
  • 201017.5%+0.77pp
  • 200916.7%+0.63pp
  • 200816.1%+3.22pp
  • 200712.9%+0.42pp
  • 200612.4%-1.84pp
  • 200514.3%+1.72pp
  • 200412.6%+3.31pp
  • 20039.3%+7.06pp
  • 20022.2%-0.84pp
  • 20013.0%+0.36pp
  • 20002.7%-3.36pp
  • 19996.0%-0.15pp
  • 19986.2%+4.28pp
  • 19971.9%+2.39pp
  • 1996-0.5%-2.86pp
  • 19952.4%-2.28pp
  • 19944.7%-0.24pp
  • 19934.9%+1.04pp
  • 19923.9%-0.54pp
  • 19914.4%+8.46pp
  • 1990-4.1%+0.97pp
  • 1989-5.0%—

FCF 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 FCF Margin at McDonald's (MCD)

According to McDonald's's latest reported financial statements, the company's latest reported free cash flow margin is 25.6%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

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) free cash flow margin totalled 26.73% – expanded 1.0 percentage points year-over-year.

The record annual free cash flow margin stands at 30.58%, reached in 2021; the historical low of -5.03% was recorded in 1989.

McDonald's FCF Margin by Year

McDonald's FCF Margin 2025: 26.7%

2025's free cash flow margin for McDonald's came in at 26.73%, expanded 1.0 percentage points from 2024.

McDonald's FCF Margin 2024: 25.7%

McDonald's posted free cash flow margin of 25.74% in 2024, contracted 2.7 percentage points from 2023.

McDonald's FCF Margin 2023: 28.5%

In 2023, McDonald's reported free cash flow margin of 28.45%, expanded 4.8 percentage points from 2022.

McDonald's FCF Margin 2022: 23.7%

McDonald's free cash flow margin in 2022 was 23.67%, contracted 6.9 percentage points from 2021.

McDonald's FCF Margin 2021: 30.6%

McDonald's free cash flow margin in 2021 was 30.58%.

See more financial history for McDonald's (MCD).

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Consumer Cyclical peers of McDonald's (MCD), ranked by their latest free cash flow margin

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