Company Analysis

McDonald's Corporation (MCD)

NYSE: MCD · Retail-Eating Places · Chicago, IL · filing with the SEC since 1994
Grade6.4
◀ Past 6.3● Present 6.3▶ Future 6.6

The grade of McDonald's Corporation

Nine metrics read from its own filings, by tense
Headline grade
6.4/10
◀ Past6.325% of the headline
● Present6.345% of the headline
▶ Future6.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.3/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 76th percentile among 43 sector filers · read for itself

From the record

McDonald's Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.0/10

What has it actually done, year after year?

+1% a year over 10 filed years; profitable in 10 of 10.

weight 33% of this tense · 40th percentile among 42 sector filers · read for its customers

From the record

McDonald's Corporation's 10 filed years say what it did: revenue went from $25 billion in fiscal 2016 to $27 billion in fiscal 2025, up 1% a year; it rose in 5 of 9 years; the deepest fall was 22% from fiscal 2016 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span1.0%bottom 18% of its family
  • the share of years revenue rosebottom 20% of its family
  • the share of filed years with a profittop 13% of its family
  • the deepest fall from a revenue peak22.0%bottom 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
7.1/10

How has it treated the people who own it?

Share count shrank 1.1% a year. 76% of cash flow returned. Insiders: 22 sales, 0 purchases.

weight 22% of this tense · 71st percentile among 37 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, McDonald's Corporation's diluted share count shrank about 1.1% a year, and dividends and buybacks returned about 76% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 22 sales (19 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 44% of its family
  • cash returned against operating cash flowtop 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.3/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
4.5/10

Is it financially healthy right now?

Leverage 103%: owes 103¢ per asset dollar.

weight 45% of this tense · 45th percentile among 41 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, McDonald's Corporation's shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 103 cents per dollar of assets, and net share issuance: its share count shrank 0.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 27% of its family
  • the share count against the year beforetop 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.1/10

How strong is its position in its industry?

top 19% of 43 in its family; net margin 31.9%.

weight 33% of this tense · 81st percentile among 43 sector filers · read for its customers

From the record

McDonald's Corporation's standing among 43 graded names in its industry family: revenue of $27 billion in fiscal 2025 ranks in the top 1% by size; a net margin of 31.9% ranks in the top 1%; revenue growth of 5.1% a year over the last 3 filed years ranks in the bottom 45% (its annual reports).

What it rests on

  • revenue against the family$26.89Btop 1% of its family
  • net margin31.9%top 1% of its family
  • three-year revenue growth5.1%bottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
7.1/10

What are the people in charge doing?

top 29% of 30 in its family for leadership; chief executive since 2019.

weight 22% of this tense · 71st percentile among 30 sector filers · read for its shareholders

From the record

McDonald's Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Kempczinski, Christopher J (Chairman and CEO, as filed), filing under that title since 2019-11-06, 7 years (top 26% of its family); most of the 24 officers and directors filing now have filed since the record of its people begins (2022-09-02), a floor of 4.2 years the record cannot see past, so that part is not read; 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 24 people in charge now (top 32%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge10 in three years among 24 peopletop 32% of its family
  • the chief executive's years on the record7.0 yearstop 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.4/10

How much room does it have to grow?

top 46% of 41 in its family for room to expand.

weight 22% of this tense · 54th percentile among 41 sector filers · read for itself

From the record

McDonald's Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $774 million against debt of $40 billion leaves -65.9% of its assets as net cash, bottom 9% of its family; cash from operations less capital spending is 26.7% of revenue (top 1%) (its annual report).

What it rests on

  • cash less debt against assets-65.9%bottom 9% of its family
  • cash from operations less capital spending against revenue26.7%top 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.0/10

What could actually drive growth from here?

top 30% of 42 in its family for growth drivers.

weight 45% of this tense · 70th percentile among 42 sector filers · read for its customers

From the record

McDonald's Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 5.1% a year over the last three filed years against 1% over all 10, speeding up (top 13% of its family); the newest year grew 3.7% (bottom 42%); capital spending grew 21% a year (top 18%) (its annual reports). McDonald's Corporation reported 3 lines of business in fiscal 2025: International Operated Markets at $14 billion (51%), US Market at $11 billion (40%), International Developmental Licensed Markets and Corporate at $2.4 billion (9%); 2 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+4.1 points a yeartop 13% of its family
  • the newest year's revenue growth3.7%bottom 42% of its family
  • three-year growth of capital spending21.0%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.8/10

Did its newest year beat what its own record pointed to?

top 32% of 39 in its family for expectations against reality.

weight 33% of this tense · 68th percentile among 39 sector filers · read for its shareholders

From the record

McDonald's Corporation's newest year against its own record: revenue of $27 billion in fiscal 2025 came in 1.9% below the $27 billion its prior three years' pace pointed to (top 42% of its family); net income of $8.6 billion against a prior three-year average of $7.6 billion (top 35%); a net margin of 31.9% against 30.5% before (top 19%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-1.9%top 42% of its family
  • net income against the prior three years' average+12%top 35% of its family
  • net margin against its prior average+1.3 pointstop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MCD · research, not advice