McDonald’s Corporation (MCD) - Cash Flow Conversion Efficiency
Based on the latest financial reports, McDonald’s Corporation (MCD) has a cash flow conversion efficiency ratio of -1.505x as of December 2025. 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 ($2.70 Billion) by net assets ($-1.79 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
McDonald’s Corporation - Cash Flow Conversion Efficiency Trend (1989–2025)
This chart illustrates how McDonald’s Corporation's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read MCD liabilities breakdown for a breakdown of total debt and financial obligations.
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.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
LOREAL ADR 1/5/EO 02
F:LORA
|
N/A |
|
Commonwealth Bank of Australia
AU:CBA
|
0.022x |
|
Texas Instruments Incorporated
NASDAQ:TXN
|
0.139x |
|
Reliance Industries Limited
NSE:RELIANCE
|
0.094x |
|
Reliance Industries Limited
F:RLI
|
N/A |
|
Nestle S.A.
SW:NESN
|
0.334x |
|
BHP Group
MX:BHPN
|
0.061x |
|
Bank of China Limited
SHG:601988
|
0.237x |
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. For the full company profile with market capitalisation and key ratios, see market cap of McDonald’s Corporation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $-1.79 Billion | $10.55 Billion | -5.888x | -136.65% |
| 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