McDonald's Corporation (MCD) Stock

McDonald's Corporation (MCD) is a Consumer Discretionary stock trading at $267.90 (as of 2026-07-20), with a market capitalization of $190.34B and a trailing P/E of 21.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

McDonald’s Corporation operates and franchises McDonald's restaurants in the United States and internationally. The restaurants offer a range of food and beverage menu items, including burgers, chicken products, wraps and salads, breakfast items, desserts, and soft drinks, coffee and other beverages.

Understand McDonald's Corporation: how it makes money

McDonald's operates and franchises McDonald's restaurants that sell a broad menu of burgers, chicken, fries, beverages, desserts, and breakfast items, and it makes money primarily through revenues tied to franchised restaurants, with additional revenue from company-operated restaurant sales and other revenue.

Because a large share of McDonald's revenues is from franchised restaurants, near-term performance is tightly linked to systemwide demand signals like global comparable sales and systemwide sales.

Revenue by segment (latest quarter)
Franchised$3.9B
Company-Op$2.5B
Other$0.1B

Business quality (Mixed): The provided facts include clear operating drivers (comparable sales and systemwide sales) and a usable revenue split between franchised, company-operated, and other revenue, but do not provide deeper detail on how franchise and company-operated economics convert into profits beyond operating margin.

Valuation: At 23× earnings, MCD trades 16% below the Restaurants, Hotels & Motels average (27×). Note: one-time items can distort reported P/E.

Bull case

  • Franchised revenue is the biggest slice: The provided segment-style revenue figures show revenues from franchised restaurants are larger than company-operated restaurant sales.
  • Demand indicators are tracked with comps and systemwide sales: Key operating metrics include Global comparable sales (3.8 percent) and Systemwide sales (36.0 USD_B), which help gauge restaurant-level momentum.

Bear case

  • Comparable sales can weaken: The provided operating metrics include Global comparable sales (comp sales) decline (1.0 percent), and also show U.S. comparable sales (comp sales) decline (3.6 percent) and International Operated Markets comparable sales (comp sales) decline (1.0 percent).
  • Operating results depend on mix between franchised and company-operated: With both franchised and company-operated revenue streams shown in the provided data, adverse trends can pressure the overall model through the mix of those two revenue sources.
Valuation — source: SEC EDGAR (first-party)
Price$267.90
Market Cap$190.34B
P/E Ratio21.9
EV / EBITDA17.4
Price / Sales6.94
FCF Yield3.7%
DCF Value (model)$296.81
DCF Upside vs Price10.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$26.89B
Net Margin31.9%
Revenue Growth (YoY)9.4%
EPS Growth (YoY)6.9%
FCF Growth (YoY)-7.8%
Financial Health — source: SEC EDGAR
Altman Z-Score4.65 (safe)
Valuation vs Sector & Industry
Stock P/E21.9
Sector P/E (Consumer Discretionary)21.6
Industry P/E (Restaurants, Hotels & Motels)25.9
vs Sector1.8%
vs Industry-15.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)10
Top Institutional HolderVANGUARD GROUP INC ($22.11B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorConsumer Discretionary
IndustryRestaurants, Hotels & Motels
CEOChristopher J. Kempczinski
Employees150,000
CountryUS
IPO Date1965-04-21

Related Companies (Business model: Restaurant Operator / Franchisor; 8 closest by market cap; US-domiciled)

  • Starbucks Corporation (SBUX)
  • Chipotle Mexican Grill, Inc. (CMG)
  • Yum! Brands, Inc. (YUM)
  • Darden Restaurants, Inc. (DRI)
  • Aramark (ARMK)
  • Texas Roadhouse, Inc. (TXRH)
  • Brinker International, Inc. (EAT)
  • CAVA Group, Inc. (CAVA)
MCD earnings history · MCD institutional & insider holders · MCD KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.