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MCD

McDonald’s Corporation

US$230.86-1.33% (-US$3.12)
Day's range
US$230.88 – US$234.97
Day's volume
US$1.3bn
52-week range
US$230.86 – US$334.50

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MCD in numbers

Market cap
US$163.4bn
P/E
18.59
P/B
-159.69
Dividend yield (12m)
3.22%
Net debt/EBITDA
2.94

The 12-month dividend yield of MCD is 3.22%, above its 5-year average of 2.18%.

MCD price history

01/10/202501/10/2026
Compare with

MCD risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-20.62%-5.30%+5.67%
Volatility (annualised)17.94%16.22%17.69%
Largest drawdown-30.96%-30.96%-30.96%
Positive months4/1216/3628/60

How much did investing in MCD return?

US$1,000.00 invested on 01/10/2021 would be worth US$1,056.32 today.

Value today in MCD
US$1,056.32
Return over the period
+5.63%
Return per year
+1.10%
In the S&P 500
US$1,655.50

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

MCD fundamentals

Valuation

  • P/E
    18.59
  • P/B
    -159.69
  • EV/EBITDA
    15.26
  • EV/EBIT
    15.81
  • EV/Revenue
    7.31
  • P/EBIT
    12.76
  • P/S
    5.90
  • P/OCF
    14.41
  • P/FCF
    21.06
  • Earnings yield
    6.32%
  • PEG ratio
    —
  • Earnings per share
    US$12.42
  • Book value per share
    -US$1.45

Debt

  • Net debt
    US$39bn
  • Net debt/EBITDA
    2.94
  • Net debt/Equity
    -38.16
  • Debt/Equity
    -38.97
  • Current ratio
    1.08
  • Quick ratio
    1.07
  • Cash ratio
    0.20

Efficiency

  • Gross margin
    —
  • EBITDA margin
    47.90%
  • Operating margin
    46.22%
  • Net margin
    31.72%
  • Asset turnover
    0.46

Profitability

  • ROE
    -858.94%
  • ROA
    14.66%
  • ROIC
    22.23%
  • Payout
    59.92%

Growth

  • Revenue CAGR (5 years)
    4.96%
  • Earnings CAGR (5 years)
    4.97%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is MCD's fair price?

Two classic value formulas, with today's numbers. The current price is US$230.86.

Graham's fair price
—
Does not apply to MCD: the formula needs positive earnings and book value.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$103.63
55.11% below the price

US$6.22 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

MCD indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E25.3625.1925.2831.2126.4233.8224.4522.94
P/B-121.23-54.55-45.48-32.11-43.32-20.45-17.94-21.71
EV/EBITDA20.0720.1720.7223.2121.5525.4419.3518.38
Dividend yield2.35%2.34%2.10%2.15%1.96%2.35%2.39%2.36%
Earnings per shareUS$12.05US$11.51US$11.73US$8.44US$10.15US$6.34US$8.08US$7.74
Book value per share-US$2.52-US$5.31-US$6.52-US$8.21-US$6.19-US$10.50-US$11.01-US$8.18
ROE-478.11%-216.57%-179.92%-102.90%-163.99%-60.45%-73.39%-94.66%
ROIC21.01%22.52%25.28%22.64%25.98%18.47%23.88%24.31%
EBITDA margin47.80%46.91%47.18%42.02%46.01%39.70%43.68%42.51%
Net margin31.85%31.72%33.22%26.64%32.49%24.63%28.20%27.87%
Net debt/EBITDA3.173.142.923.422.894.463.573.34

MCD financial statements

Line202520242023202220212020
Net revenueUS$26.9bnUS$25.9bnUS$25.5bnUS$23.2bnUS$23.2bnUS$19.2bn
Cost of sales——————
Gross profit——————
EBITDAUS$12.9bnUS$12.2bnUS$12bnUS$9.7bnUS$10.7bnUS$7.6bn
EBITUS$12.4bnUS$11.7bnUS$11.6bnUS$9.4bnUS$10.4bnUS$7.3bn
Net finance resultUS$87mUS$139mUS$236m-US$339m-US$42.3mUS$34.8m
Profit before tax——————
Income tax-US$2.3bn-US$2.1bn-US$2.1bn-US$1.6bn-US$1.6bn-US$1.4bn
Net incomeUS$8.6bnUS$8.2bnUS$8.5bnUS$6.2bnUS$7.5bnUS$4.7bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does MCD pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend30/11/202615/12/2026US$1.93

Dividend yield per year

  • 2.23%2017
  • 2.36%2018
  • 2.39%2019
  • 2.35%2020
  • 1.96%2021
  • 2.15%2022
  • 2.10%2023
  • 2.34%2024
  • 2.35%2025
  • 2.42%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend31/08/202616/09/2026US$1.86
Dividend01/06/202616/06/2026US$1.86
Dividend02/03/202617/03/2026US$1.86
Dividend28/11/202515/12/2025US$1.86
Dividend01/09/202516/09/2025US$1.77
Dividend30/05/202516/06/2025US$1.77
Dividend28/02/202517/03/2025US$1.77
Dividend29/11/202416/12/2024US$1.77
Dividend02/09/202417/09/2024US$1.67
Dividend31/05/202417/06/2024US$1.67
Dividend28/02/202415/03/2024US$1.67
Dividend29/11/202315/12/2023US$1.67
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend30/08/202318/09/2023US$1.52
Dividend01/06/202320/06/2023US$1.52
Dividend27/02/202315/03/2023US$1.52
Dividend29/11/202215/12/2022US$1.52
Dividend30/08/202216/09/2022US$1.38
Dividend02/06/202220/06/2022US$1.38
Dividend25/02/202215/03/2022US$1.38
Dividend29/11/202115/12/2021US$1.38
Dividend30/08/202115/09/2021US$1.29
Dividend27/05/202115/06/2021US$1.29
Dividend25/02/202115/03/2021US$1.29
Dividend27/11/202015/12/2020US$1.29
Dividend28/08/202015/09/2020US$1.25
Dividend28/05/202015/06/2020US$1.25
Dividend27/02/202016/03/2020US$1.25
Dividend28/11/201916/12/2019US$1.25
Dividend29/08/201917/09/2019US$1.16
Dividend30/05/201917/06/2019US$1.16
Dividend27/02/201915/03/2019US$1.16
Dividend29/11/201817/12/2018US$1.16
Dividend30/08/201818/09/2018US$1.01
Dividend31/05/201818/06/2018US$1.01
Dividend27/02/201815/03/2018US$1.01
Dividend29/11/201715/12/2017US$1.01
Dividend29/08/201718/09/2017US$0.94
Dividend31/05/201719/06/2017US$0.94
Dividend24/02/201715/03/2017US$0.94
Dividend28/11/201615/12/2016US$0.94

About Mcdonald’s

Sector
Retail

Questions about MCD

How much is MCD today?

MCD is at US$230.86 (-1.33% on the day), last traded on 01/10/2026.

How much did MCD pay in dividends in 2025?

MCD paid US$7.17 per share in 2025, a dividend yield of 2.35%.

When is the next MCD dividend?

The next announced payment is US$1.93 per share on 15/12/2026.

What are the P/E and P/B of MCD?

MCD trades at a P/E of 18.59 and a P/B of -159.69.

How much did MCD return in 12 months?

MCD returned -20.62% in 12 months, with annualised volatility of 17.94% and a largest drawdown of -30.96%.