McDONALD’S CORPORATION (MCD) Free cash flow
- Free cash flow · 12 months (USD): Value $7.76B; Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value 28.02%; Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | $7.76B | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. $11.35B − $3.59B ≈ $7.76B |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | 28.02% | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. $7.76B ÷ $27.70B × 100 ≈ 28.02% |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $11.35B | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | 1.29× | Operating cash flow / net income. Period ending 2026-06-30. $11.35B ÷ $8.79B ≈ 1.29× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 11.35B USD | Net Cash Provided by (Used in) Operating Activities |
| Capital spending | 3.59B USD | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | 7.76B USD | Net Cash Provided by (Used in) Operating Activities · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 27.70B USD | |
| Quarter-end shares | (m) | |
| Net income | 8.79B USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $7.76B | (m) | $11.35B | $3.59B | (m) | $27.70B | (m) | $8.79B | (m) | (m) | 28.02% | 1.29× |
| 2026-03-31 | $7.04B | (m) | $10.54B | $3.50B | (m) | $27.45B | (m) | $8.68B | (m) | (m) | 25.65% | 1.21× |
| 2025-12-31 | $7.19B | (m) | $10.55B | $3.37B | (m) | $26.89B | (m) | $8.56B | (m) | (m) | 26.73% | 1.23× |
| 2025-09-30 | $7.37B | (m) | $10.48B | $3.11B | (m) | $26.26B | (m) | $8.41B | (m) | (m) | 28.07% | 1.25× |
| 2025-06-30 | $6.90B | (m) | $9.79B | $2.90B | (m) | $26.06B | (m) | $8.39B | (m) | (m) | 26.47% | 1.17× |
| 2025-03-31 | $6.71B | (m) | $9.48B | $2.78B | (m) | $25.71B | (m) | $8.16B | (m) | (m) | 26.09% | 1.16× |
| 2024-12-31 | $6.67B | (m) | $9.45B | $2.77B | (m) | $25.92B | (m) | $8.22B | (m) | (m) | 25.74% | 1.15× |
| 2024-09-30 | $6.58B | (m) | $9.30B | $2.73B | (m) | $25.94B | (m) | $8.25B | (m) | (m) | 25.37% | 1.13× |
| 2024-06-30 | $7.10B | (m) | $9.60B | $2.50B | (m) | $25.76B | (m) | $8.31B | (m) | (m) | 27.55% | 1.16× |
| 2024-03-31 | $7.18B | (m) | $9.58B | $2.40B | (m) | $25.76B | (m) | $8.60B | (m) | (m) | 27.87% | 1.11× |
| 2023-12-31 | $7.25B | (m) | $9.61B | $2.36B | (m) | $25.49B | (m) | $8.47B | (m) | (m) | 28.46% | 1.13× |
| 2023-09-30 | $7.20B | (m) | $9.32B | $2.13B | (m) | $25.01B | (m) | $8.33B | (m) | (m) | 28.77% | 1.12× |
| 2023-06-30 | $6.64B | (m) | $8.73B | $2.09B | (m) | $24.19B | (m) | $8.00B | (m) | (m) | 27.44% | 1.09× |
| 2023-03-31 | $5.67B | (m) | $7.67B | $2.00B | (m) | $23.41B | (m) | $6.88B | (m) | (m) | 24.23% | 1.12× |
| 2022-12-31 | $5.49B | (m) | $7.39B | $1.90B | (m) | $23.18B | (m) | $6.18B | (m) | (m) | 23.67% | 1.20× |
| 2022-09-30 | $5.79B | (m) | $7.85B | $2.06B | (m) | $23.27B | (m) | $5.91B | (m) | (m) | 24.91% | 1.33× |
| 2022-06-30 | $6.01B | (m) | $8.04B | $2.03B | (m) | $23.59B | (m) | $6.08B | (m) | (m) | 25.46% | 1.32× |
| 2022-03-31 | $7.08B | (m) | $9.15B | $2.07B | (m) | $23.76B | (m) | $7.11B | (m) | (m) | 29.79% | 1.29× |
| 2021-12-31 | $7.10B | (m) | $9.14B | $2.04B | (m) | $23.22B | (m) | $7.55B | (m) | (m) | 30.58% | 1.21× |
| 2021-09-30 | $6.65B | (m) | $8.47B | $1.82B | (m) | $22.53B | (m) | $7.28B | (m) | (m) | 29.53% | 1.16× |
| 2021-06-30 | $7.08B | (m) | $8.79B | $1.70B | (m) | $21.74B | (m) | $6.90B | (m) | (m) | 32.58% | 1.27× |
| 2021-03-31 | $5.32B | (m) | $6.84B | $1.53B | (m) | $19.62B | (m) | $5.16B | (m) | (m) | 27.10% | 1.33× |
| 2020-12-31 | $4.62B | (m) | $6.27B | $1.64B | (m) | $19.21B | (m) | $4.73B | (m) | (m) | 24.08% | 1.32× |
| 2020-09-30 | $4.25B | (m) | $6.16B | $1.91B | (m) | $19.03B | (m) | $4.93B | (m) | (m) | 22.34% | 1.25× |
| 2020-06-30 | $3.44B | (m) | $5.51B | $2.07B | (m) | $19.12B | (m) | $4.77B | (m) | (m) | 18.00% | 1.15× |
| 2020-03-31 | $5.29B | (m) | $7.65B | $2.36B | (m) | $20.77B | (m) | $5.80B | (m) | (m) | 25.46% | 1.32× |
| 2019-12-31 | $5.73B | (m) | $8.12B | $2.39B | (m) | $21.08B | (m) | $6.03B | (m) | (m) | 27.18% | 1.35× |
| 2019-09-30 | $5.21B | (m) | $7.74B | $2.54B | (m) | $20.89B | (m) | $5.87B | (m) | (m) | 24.93% | 1.32× |
| 2019-06-30 | $5.24B | (m) | $7.93B | $2.69B | (m) | $20.83B | (m) | $5.90B | (m) | (m) | 25.15% | 1.34× |
| 2019-03-31 | $4.64B | (m) | $7.34B | $2.70B | (m) | $20.84B | (m) | $5.88B | (m) | (m) | 22.25% | 1.25× |
| 2018-12-31 | $4.22B | (m) | $6.97B | $2.74B | (m) | $21.03B | (m) | $5.92B | (m) | (m) | 20.09% | 1.18× |
| 2018-09-30 | $4.06B | (m) | $6.56B | $2.51B | (m) | $21.20B | (m) | $5.21B | (m) | (m) | 19.13% | 1.26× |
| 2018-06-30 | $3.56B | (m) | $5.78B | $2.22B | (m) | $21.59B | (m) | $5.45B | (m) | (m) | 16.47% | 1.06× |
| 2018-03-31 | $3.67B | (m) | $5.65B | $1.98B | (m) | $22.28B | (m) | $5.35B | (m) | (m) | 16.49% | 1.06× |
| 2017-12-31 | $3.70B | (m) | $5.55B | $1.85B | (m) | $22.82B | (m) | $5.19B | (m) | (m) | 16.20% | 1.07× |
| 2017-09-30 | $3.37B | (m) | $5.26B | $1.88B | (m) | $23.51B | (m) | $5.69B | (m) | (m) | 14.34% | 0.92× |
| 2017-06-30 | $3.95B | (m) | $5.82B | $1.87B | (m) | $24.18B | (m) | $5.08B | (m) | (m) | 16.34% | 1.15× |
| 2017-03-31 | $4.00B | (m) | $5.86B | $1.86B | (m) | $24.39B | (m) | $4.78B | (m) | (m) | 16.40% | 1.23× |
| 2016-12-31 | $4.24B | (m) | $6.06B | $1.82B | (m) | $24.62B | (m) | $4.69B | (m) | (m) | 17.21% | 1.29× |
| 2016-09-30 | $4.88B | (m) | $6.62B | $1.74B | (m) | $24.93B | (m) | $4.70B | (m) | (m) | 19.58% | 1.41× |
| 2016-06-30 | $4.57B | (m) | $6.32B | $1.75B | (m) | $25.13B | (m) | $4.73B | (m) | (m) | 18.19% | 1.34× |
| 2016-03-31 | $4.75B | (m) | $6.56B | $1.81B | (m) | $25.36B | (m) | $4.82B | (m) | (m) | 18.71% | 1.36× |
| 2015-12-31 | $4.73B | (m) | $6.54B | $1.81B | (m) | $25.41B | (m) | $4.53B | (m) | (m) | 18.59% | 1.44× |
| 2015-09-30 | $4.68B | (m) | $6.66B | $1.99B | (m) | $25.64B | (m) | $4.42B | (m) | (m) | 18.24% | 1.51× |
| 2015-06-30 | $4.32B | (m) | $6.55B | $2.23B | (m) | $26.02B | (m) | $4.18B | (m) | (m) | 16.59% | 1.57× |
| 2015-03-31 | $4.12B | (m) | $6.52B | $2.41B | (m) | $26.70B | (m) | $4.36B | (m) | (m) | 15.41% | 1.49× |
| 2014-12-31 | $4.15B | (m) | $6.73B | $2.58B | (m) | $27.44B | (m) | $4.76B | (m) | (m) | 15.11% | 1.41× |
| 2014-09-30 | $4.38B | (m) | $7.10B | $2.72B | (m) | $27.96B | (m) | $5.06B | (m) | (m) | 15.66% | 1.40× |
| 2014-06-30 | $4.57B | (m) | $7.32B | $2.75B | (m) | $28.30B | (m) | $5.51B | (m) | (m) | 16.14% | 1.33× |
| 2014-03-31 | $4.58B | (m) | $7.34B | $2.76B | (m) | $28.20B | (m) | $5.52B | (m) | (m) | 16.25% | 1.33× |
| 2013-12-31 | $4.30B | (m) | $7.12B | $2.82B | (m) | $28.11B | (m) | $5.59B | (m) | (m) | 15.29% | 1.27× |
| 2013-09-30 | $4.18B | (m) | $7.10B | $2.92B | (m) | $27.96B | (m) | $5.58B | (m) | (m) | 14.95% | 1.27× |
| 2013-06-30 | $4.06B | (m) | $7.05B | $2.98B | (m) | $27.79B | (m) | $5.52B | (m) | (m) | 14.62% | 1.28× |
| 2013-03-31 | $3.92B | (m) | $7.02B | $3.10B | (m) | $27.63B | (m) | $5.47B | (m) | (m) | 14.21% | 1.28× |
| 2012-12-31 | $3.92B | (m) | $6.97B | $3.05B | (m) | $27.57B | (m) | $5.46B | (m) | (m) | 14.21% | 1.27× |
| 2012-09-30 | $3.91B | (m) | $6.90B | $2.99B | (m) | $27.44B | (m) | $5.45B | (m) | (m) | 14.25% | 1.27× |
| 2012-06-30 | $4.14B | (m) | $7.07B | $2.93B | (m) | $27.45B | (m) | $5.50B | (m) | (m) | 15.08% | 1.29× |
| 2012-03-31 | $4.42B | (m) | $7.23B | $2.81B | (m) | $27.44B | (m) | $5.56B | (m) | (m) | 16.11% | 1.30× |
| 2011-12-31 | $4.42B | (m) | $7.15B | $2.73B | (m) | $27.01B | (m) | $5.50B | (m) | (m) | 16.37% | 1.30× |
| 2011-09-30 | $4.48B | (m) | $7.09B | $2.61B | (m) | $26.40B | (m) | $5.37B | (m) | (m) | 16.99% | 1.32× |
| 2011-06-30 | $4.43B | (m) | $6.87B | $2.44B | (m) | $25.54B | (m) | $5.25B | (m) | (m) | 17.34% | 1.31× |
| 2011-03-31 | $4.23B | (m) | $6.47B | $2.24B | (m) | $24.58B | (m) | $5.07B | (m) | (m) | 17.21% | 1.28× |
| 2010-12-31 | $4.21B | (m) | $6.34B | $2.14B | (m) | $24.07B | (m) | $4.95B | (m) | (m) | 17.47% | 1.28× |
| 2010-09-30 | $4.04B | (m) | $5.99B | $1.95B | (m) | $23.83B | (m) | $4.92B | (m) | (m) | 16.96% | 1.22× |
| 2010-06-30 | $3.97B | (m) | $5.87B | $1.90B | (m) | $23.58B | (m) | $4.79B | (m) | (m) | 16.84% | 1.22× |
| 2010-03-31 | $4.10B | (m) | $6.04B | $1.94B | (m) | $23.28B | (m) | $4.66B | (m) | (m) | 17.63% | 1.30× |
| 2009-12-31 | $3.80B | (m) | $5.75B | $1.95B | (m) | $22.74B | (m) | $4.55B | (m) | (m) | 16.70% | 1.26× |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | $3.78B | (m) | $5.92B | $2.14B | (m) | $23.52B | (m) | $4.31B | (m) | (m) | 16.08% | 1.37× |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | $2.93B | (m) | $4.88B | $1.95B | (m) | $22.79B | (m) | $2.40B | (m) | (m) | 12.86% | 2.04× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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