McDonald’s Corporation (MCD) — Capital Reinvestment Ratio
McDonald’s Corporation (MCD) has a Capital Reinvestment Ratio of 0.28x as of March 2026, meaning it reinvests 0% of its operating cash flow ($2.41 Billion) in capital expenditures ($682.00 Million). See McDonald’s Corporation balance sheet quality to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
McDonald’s Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks McDonald’s Corporation's Capital Reinvestment Ratio across 37 annual periods. Check McDonald’s Corporation cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for McDonald’s Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for McDonald’s Corporation from 1989 to 2025. For live market cap and broader valuation context, see MCD market cap.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.32x | $10.55 Billion | $3.37 Billion | ▲ +8.6% |
| 2024 | 0.29x | $9.45 Billion | $2.77 Billion | ▲ +19.8% |
| 2023 | 0.25x | $9.61 Billion | $2.36 Billion | ▼ -4.6% |
| 2022 | 0.26x | $7.39 Billion | $1.90 Billion | ▲ +15.2% |
| 2021 | 0.22x | $9.14 Billion | $2.04 Billion | ▼ -14.8% |
| 2020 | 0.26x | $6.27 Billion | $1.64 Billion | ▼ -11.1% |
| 2019 | 0.29x | $8.12 Billion | $2.39 Billion | ▼ -25.1% |
| 2018 | 0.39x | $6.97 Billion | $2.74 Billion | ▲ +17.9% |
| 2017 | 0.33x | $5.55 Billion | $1.85 Billion | ▲ +11.1% |
| 2016 | 0.30x | $6.06 Billion | $1.82 Billion | ▲ +8.3% |
| 2015 | 0.28x | $6.54 Billion | $1.81 Billion | ▼ -27.7% |
| 2014 | 0.38x | $6.73 Billion | $2.58 Billion | ▼ -3.2% |
| 2013 | 0.40x | $7.12 Billion | $2.82 Billion | ▼ -9.4% |
| 2012 | 0.44x | $6.97 Billion | $3.05 Billion | ▲ +14.7% |
| 2011 | 0.38x | $7.15 Billion | $2.73 Billion | ▲ +13.4% |
| 2010 | 0.34x | $6.34 Billion | $2.14 Billion | ▼ -0.8% |
| 2009 | 0.34x | $5.75 Billion | $1.95 Billion | ▼ -6.0% |
| 2008 | 0.36x | $5.92 Billion | $2.14 Billion | ▼ -9.6% |
| 2007 | 0.40x | $4.88 Billion | $1.95 Billion | ▼ -0.5% |
| 2006 | 0.40x | $4.34 Billion | $1.74 Billion | ▲ +8.3% |
| 2005 | 0.37x | $4.34 Billion | $1.61 Billion | ▼ -7.8% |
| 2004 | 0.40x | $3.90 Billion | $1.57 Billion | ▼ -21.9% |
| 2003 | 0.51x | $3.27 Billion | $1.68 Billion | ▼ -41.7% |
| 2002 | 0.88x | $2.89 Billion | $2.55 Billion | ▲ +6.1% |
| 2001 | 0.83x | $2.69 Billion | $2.24 Billion | ▼ -3.4% |
| 2000 | 0.86x | $2.75 Billion | $2.37 Billion | ▲ +17.4% |
| 1999 | 0.73x | $3.01 Billion | $2.21 Billion | ▲ +1.6% |
| 1998 | 0.72x | $2.77 Billion | $2.00 Billion | ▼ -20.7% |
| 1997 | 0.91x | $2.44 Billion | $2.22 Billion | ▼ -10.8% |
| 1996 | 1.02x | $2.46 Billion | $2.51 Billion | ▲ +13.6% |
| 1995 | 0.90x | $2.30 Billion | $2.06 Billion | ▲ +12.5% |
| 1994 | 0.80x | $1.93 Billion | $1.54 Billion | ▲ +1.9% |
| 1993 | 0.78x | $1.68 Billion | $1.32 Billion | ▼ -2.9% |
| 1992 | 0.81x | $1.43 Billion | $1.15 Billion | ▲ +1.8% |
| 1991 | 0.79x | $1.42 Billion | $1.13 Billion | ▼ -34.3% |
| 1990 | 1.21x | $1.30 Billion | $1.57 Billion | ▼ -3.3% |
| 1989 | 1.25x | $1.25 Billion | $1.55 Billion | — |