Financials McDonald's Corporation

Equities

MCD

US5801351017

Restaurants & Bars

Market Closed - Nyse Other stock markets 04:00:02 2025-01-14 pm EST			Pre-market 07:53:52 am
281.58 ^USD	-0.72%		281.30	-0.10%

Jan. 14	McDonald's Sued Over Hacer National Scholarship Program	MT
Jan. 14	McDonald's Sued Over Hacer National Scholarship Program	MT

Projected Income Statement: McDonald's Corporation

income-statement-evolution-chart MCDONALD-S-CORPORATION

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	21,076	19,208	23,223	23,183	25,494	26,050	26,976	28,481
Change	-	-8.87%	20.9%	-0.17%	9.97%	2.18%	3.55%	5.58%
EBITDA ¹	10,762	8,807	11,939	10,751	13,991	14,025	14,761	15,742
Change	-	-18.16%	35.56%	-9.95%	30.13%	0.24%	5.25%	6.65%
EBIT ¹	9,144	7,056	10,071	10,381	12,009	11,978	12,654	13,434
Change	-	-22.83%	42.73%	3.08%	15.68%	-0.25%	5.64%	6.16%
Interest Paid ¹	-1,122	-1,218	-1,186	-1,207	-1,361	-1,509	-1,533	-1,529
Earnings before Tax (EBT) ¹	8,018	6,141	9,128	7,825	10,522	10,457	11,272	12,044
Change	-	-23.41%	48.65%	-14.27%	34.46%	-0.62%	7.79%	6.85%
Net income ¹	6,025	4,730	7,545	6,177	8,469	8,277	8,930	9,498
Change	-	-21.49%	59.5%	-18.13%	37.09%	-2.27%	7.89%	6.37%
Announcement Date	1/29/20	1/28/21	1/27/22	1/31/23	2/5/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	5,349	4,714	3,762	5,418	5,314	5,125	5,888	6,201	6,009	5,666	5,718	5,872	5,926	5,898	6,498	6,692	6,406	6,169	6,490	6,873	6,510	6,278	6,723	7,050	6,856	6,560	7,046	7,456
Change	-	-11.86%	-20.21%	44.04%	-1.93%	-3.56%	14.89%	5.32%	-3.1%	-5.72%	0.93%	2.69%	0.93%	-0.48%	10.17%	3%	-4.27%	-3.7%	5.2%	5.9%	-5.28%	-3.56%	7.09%	4.85%	-2.75%	-4.32%	7.4%	5.83%
EBITDA ¹	2,706	2,115	1,394	2,828	2,465	2,600	2,692	3,350	2,933	2,405	3,103	3,230	2,674	2,632	3,217	3,331	3,437	3,281	3,575	3,397	3,448	3,353	3,726	3,929	3,666	3,521	3,894	4,136
Change	-	-21.85%	-34.07%	102.79%	-12.82%	5.48%	3.55%	24.41%	-12.45%	-17.98%	29.01%	4.08%	-17.2%	-1.59%	22.25%	3.53%	3.19%	-4.55%	8.96%	-4.98%	1.5%	-2.76%	11.14%	5.43%	-6.68%	-3.96%	10.6%	6.2%
EBIT ¹	2,293	1,694	968.6	2,387	2,001	2,146	2,229	2,880	2,451	2,313	2,641	2,764	2,583	2,532	3,122	3,234	2,940	2,771	3,073	3,286	2,957	2,856	3,226	3,408	3,155	3,033	3,399	3,647
Change	-	-26.13%	-42.81%	146.48%	-16.19%	7.27%	3.86%	29.22%	-14.91%	-5.65%	14.19%	4.66%	-6.56%	-1.95%	23.29%	3.59%	-9.1%	-5.75%	10.9%	6.93%	-10.03%	-3.4%	12.93%	5.65%	-7.41%	-3.86%	12.05%	7.3%
Charge d'intérêts ¹	-283	-280	-319.1	-310.1	-308.9	-300	-296.5	-293.7	-295.6	-287.3	-290.6	-306.2	-322.9	-329.7	-330.2	-340.7	-360.2	-372	-373	-381	-384	-383.3	-385.4	-385.4	-385.1	-381.8	-381.8	-381.8
Earnings before Tax (EBT) ¹	2,027	1,445	648.7	2,217	1,830	1,953	2,376	2,691	2,108	1,541	1,409	2,536	2,339	2,267	2,817	2,924	2,515	2,409	2,555	2,843	2,606	2,522	2,878	3,055	2,823	-	-	-
Change	-	-28.71%	-55.1%	241.78%	-17.46%	6.7%	21.68%	13.27%	-21.68%	-26.88%	-8.57%	79.99%	-7.78%	-3.07%	24.25%	3.79%	-13.97%	-4.21%	6.06%	11.27%	-8.34%	-3.24%	14.13%	6.15%	-7.6%	-100%	-	-
Net income ¹	1,572	1,107	483.8	1,763	1,377	1,537	2,219	2,150	1,639	1,104	1,188	1,982	1,903	1,802	2,310	2,317	2,039	1,929	2,022	2,255	2,065	2,003	2,277	2,422	2,237	-	-	-
Change	-	-29.6%	-56.29%	264.32%	-21.87%	11.62%	44.37%	-3.13%	-23.77%	-32.61%	7.57%	66.8%	-3.95%	-5.31%	28.19%	0.29%	-12%	-5.39%	4.82%	11.52%	-8.42%	-3%	13.68%	6.37%	-7.64%	-100%	-	-
Announcement Date	1/29/20	4/30/20	7/28/20	11/9/20	1/28/21	4/29/21	7/28/21	10/27/21	1/27/22	4/28/22	7/26/22	10/27/22	1/31/23	4/25/23	7/27/23	10/30/23	2/5/24	4/30/24	7/29/24	10/29/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: McDonald's Corporation

balance-sheet-analysis-chart MCDONALD-S-CORPORATION

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	33,220	31,748	30,914	33,320	32,574	38,053	38,476	39,911
Change	-	-4.43%	-2.63%	7.78%	-2.24%	16.82%	1.11%	3.73%
Announcement Date	1/29/20	1/28/21	1/27/22	1/31/23	2/5/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: McDonald's Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	2,394	1,641	2,040	1,899	2,357	2,580	2,803	3,237
Change	-	-31.45%	24.33%	-6.9%	24.13%	9.46%	8.61%	15.49%
Free Cash Flow (FCF) ¹	5,728	4,624	7,102	5,488	7,254	7,738	8,480	9,777
Change	-	-19.27%	53.57%	-22.73%	32.2%	6.66%	9.59%	15.3%
Announcement Date	1/29/20	1/28/21	1/27/22	1/31/23	2/5/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: McDonald's Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	51.06%	45.85%	51.41%	46.38%	54.88%	53.84%	54.72%	55.27%
EBIT Margin (%)	43.38%	36.74%	43.37%	44.78%	47.1%	45.98%	46.91%	47.17%
EBT Margin (%)	38.04%	31.97%	39.31%	33.76%	41.27%	40.14%	41.78%	42.29%
Net margin (%)	28.59%	24.63%	32.49%	26.65%	33.22%	31.77%	33.1%	33.35%
FCF margin (%)	27.18%	24.08%	30.58%	23.67%	28.46%	29.7%	31.43%	34.33%
FCF / Net Income (%)	95.07%	97.76%	94.12%	88.83%	85.66%	93.49%	94.96%	102.93%
Profitability
ROA	14.93%	9.45%	14.2%	11.85%	15.89%	15.02%	15.76%	16.5%
ROE	-	-	-	-	-	-	-	-
Financial Health
Leverage (Debt/EBITDA)	3.09x	3.6x	2.59x	3.1x	2.33x	2.71x	2.61x	2.54x
Debt / Free cash flow	5.8x	6.87x	4.35x	6.07x	4.49x	4.92x	4.54x	4.08x
Capital Intensity
CAPEX / Current Assets (%)	11.36%	8.54%	8.78%	8.19%	9.25%	9.91%	10.39%	11.36%
CAPEX / EBITDA (%)	22.24%	18.63%	17.09%	17.66%	16.85%	18.4%	18.99%	20.56%
CAPEX / FCF (%)	41.79%	35.48%	28.73%	34.61%	32.5%	33.35%	33.05%	33.1%
Items per share
Cash flow per share ¹	10.62	8.352	12.16	9.964	13.13	13.79	15.72	17.11
Change	-	-21.34%	45.58%	-18.05%	31.72%	5.06%	13.98%	8.87%
Dividend per Share ¹	4.82	5.04	5.25	5.66	6.23	6.748	7.145	7.653
Change	-	4.56%	4.17%	7.81%	10.07%	8.31%	5.89%	7.11%
Book Value Per Share ¹	-11	-10.5	-6.178	-8.098	-6.427	-7.205	-6.28	-7.014
Change	-	-4.53%	-41.19%	31.1%	-20.64%	12.1%	-12.83%	11.68%
EPS ¹	7.88	6.31	10.04	8.33	11.56	11.52	12.6	13.69
Change	-	-19.92%	59.11%	-17.03%	38.78%	-0.35%	9.35%	8.66%
Nbr of stocks (in thousands)	753,093	745,111	747,245	732,424	725,342	716,620	716,620	716,620
Announcement Date	1/29/20	1/28/21	1/27/22	1/31/23	2/5/24	-	-	-