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). Check MCD tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see MCD cash flow conversion.
Annual Capital Reinvestment Ratio for McDonald’s Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for McDonald’s Corporation from 1989 to 2025. See free cash flow generation of McDonald’s Corporation to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |