McDonald’s Corporation (MCD) — Capital Reinvestment Ratio
Latest as of March 2026:
0.28x
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 free cash flow generation of McDonald’s Corporation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.28x
Capex / Operating Cash Flow
Operating Cash Flow
$2.41 Billion
USD
Capital Expenditures
$682.00 Million
USD
Data as of
Mar 2026
Most recent filing
McDonald’s Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks McDonald’s Corporation's Capital Reinvestment Ratio across 37 annual periods.
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 how much is McDonald’s Corporation worth.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow