McDonald’s Corporation Cash Flow Conversion Efficiency
McDonald’s Corporation cash flow conversion efficiency. Based on the latest financial reports, McDonald’s Corporation (MCD) has a cash flow conversion efficiency ratio of -1.876x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($2.41 Billion) by net assets ($-1.29 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see MCD market cap overview for the company's overall valuation and market capitalisation.
Cash Flow Conversion Efficiency of McDonald’s Corporation (1989–2025)
Cash flow conversion efficiency of McDonald’s Corporation from 1989 to 2025. This chart illustrates how McDonald’s Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data. View MCD share price today for real-time trading data and today's change.
McDonald’s Corporation Cash Flow Conversion Ratio Explained
McDonald’s Corporation cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
McDonald’s Corporation Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of McDonald’s Corporation ranked by their cash flow conversion efficiency. Review MCD free cash flow generation to assess how much free cash flow the company generates relative to operating cash flow.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Toyota Motor Corporation
F:TOM
|
0.021x |
|
Abbott Laboratories
NYSE:ABT
|
0.054x |
|
Walt Disney Company
NYSE:DIS
|
0.042x |
|
Verizon Communications Inc
NYSE:VZ
|
0.099x |
|
IND.D.D.TEXT.UNSP.ADR 1/2
F:IXD2
|
N/A |
|
Gilead Sciences Inc
NASDAQ:GILD
|
0.304x |
|
Toyota Motor Corporation
F:TOMA
|
0.021x |
|
SIEMENS AG SP. ADR 1/ 1/2
F:SIEB
|
0.016x |
Annual Cash Flow Conversion Efficiency for McDonald’s Corporation (1989–2025)
The table below shows the annual cash flow conversion efficiency of McDonald’s Corporation from 1989 to 2025. Also see McDonald’s Corporation asset portfolio for a full breakdown of the balance sheet.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $-1.79 Billion | $10.55 Billion | -5.894x | -136.91% |
| 2024-12-31 | $-3.80 Billion | $9.45 Billion | -2.488x | -21.84% |
| 2023-12-31 | $-4.71 Billion | $9.61 Billion | -2.042x | -65.96% |
| 2022-12-31 | $-6.00 Billion | $7.39 Billion | -1.230x | +38.07% |
| 2021-12-31 | $-4.60 Billion | $9.14 Billion | -1.987x | -148.15% |
| 2020-12-31 | $-7.82 Billion | $6.27 Billion | -0.801x | +19.06% |
| 2019-12-31 | $-8.21 Billion | $8.12 Billion | -0.989x | +11.13% |
| 2018-12-31 | $-6.26 Billion | $6.97 Billion | -1.113x | +34.47% |
| 2017-12-31 | $-3.27 Billion | $5.55 Billion | -1.699x | +38.21% |
| 2016-12-31 | $-2.20 Billion | $6.06 Billion | -2.749x | -397.97% |
| 2015-12-31 | $7.09 Billion | $6.54 Billion | 0.923x | +76.19% |
| 2014-12-31 | $12.85 Billion | $6.73 Billion | 0.524x | +17.73% |
| 2013-12-31 | $16.01 Billion | $7.12 Billion | 0.445x | -2.35% |
| 2012-12-31 | $15.29 Billion | $6.97 Billion | 0.455x | -8.33% |
| 2011-12-31 | $14.39 Billion | $7.15 Billion | 0.497x | +14.66% |
| 2010-12-31 | $14.63 Billion | $6.34 Billion | 0.433x | +5.75% |
| 2009-12-31 | $14.03 Billion | $5.75 Billion | 0.410x | -7.32% |
| 2008-12-31 | $13.38 Billion | $5.92 Billion | 0.442x | +38.55% |
| 2007-12-31 | $15.28 Billion | $4.88 Billion | 0.319x | +13.63% |
| 2006-12-31 | $15.46 Billion | $4.34 Billion | 0.281x | -1.91% |
| 2005-12-31 | $15.15 Billion | $4.34 Billion | 0.286x | +4.17% |
| 2004-12-31 | $14.20 Billion | $3.90 Billion | 0.275x | +0.76% |
| 2003-12-31 | $11.98 Billion | $3.27 Billion | 0.273x | -2.95% |
| 2002-12-31 | $10.28 Billion | $2.89 Billion | 0.281x | -0.78% |
| 2001-12-31 | $9.49 Billion | $2.69 Billion | 0.283x | -5.22% |
| 2000-12-31 | $9.20 Billion | $2.75 Billion | 0.299x | -4.24% |
| 1999-12-31 | $9.64 Billion | $3.01 Billion | 0.312x | +6.80% |
| 1998-12-31 | $9.46 Billion | $2.77 Billion | 0.292x | +5.93% |
| 1997-12-31 | $8.85 Billion | $2.44 Billion | 0.276x | -2.26% |
| 1996-12-31 | $8.72 Billion | $2.46 Billion | 0.282x | +4.81% |
| 1995-12-31 | $8.53 Billion | $2.30 Billion | 0.269x | +2.18% |
| 1994-12-31 | $7.31 Billion | $1.93 Billion | 0.264x | +3.69% |
| 1993-12-31 | $6.61 Billion | $1.68 Billion | 0.254x | +5.04% |
| 1992-12-31 | $5.89 Billion | $1.43 Billion | 0.242x | -17.79% |
| 1991-12-31 | $4.84 Billion | $1.42 Billion | 0.294x | -5.38% |
| 1990-12-31 | $4.18 Billion | $1.30 Billion | 0.311x | -11.37% |
| 1989-12-31 | $3.55 Billion | $1.25 Billion | 0.351x | -- |
About McDonald’s Corporation
McDonald's Corporation owns, operates, and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, frozen desserts, sundaes, soft serve cones, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells va… Read more