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 -1.876x 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. See MCD equity financing ratio to measure how much of total assets are equity-financed.
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. Check cash flow quality index of McDonald’s Corporation to evaluate the quality of earnings relative to operating cash generation.
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 |
|---|---|
|
Mitsubishi UFJ Financial Group Inc ADR
NYSE:MUFG
|
0.023x |
|
Verizon Communications Inc
SA:VERZ34
|
0.076x |
|
Shopify Inc
NYSE:SHOP
|
0.041x |
|
Amgen Inc
NASDAQ:AMGN
|
0.185x |
|
Reliance Industries Limited
NSE:RELIANCE
|
0.094x |
|
Verizon Communications Inc
NYSE:VZ
|
0.076x |
|
PepsiCo Inc
NASDAQ:PEP
|
0.322x |
|
SHELL PLC WI ADR/2
F:L3H
|
0.054x |
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 MCD company net worth.
| 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