McDonald’s Corporation (MCD) — Cash Flow Quality Index
McDonald’s Corporation (MCD) has a Cash Flow Quality Index of 1.22x as of March 2026. Operating cash flow of $2.41 Billion exceeds net income of $1.98 Billion, indicating high earnings quality where cash backs reported profits. Explore McDonald’s Corporation cash flow conversion to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
McDonald’s Corporation Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for McDonald’s Corporation across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check how aggressively does McDonald’s Corporation reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for McDonald’s Corporation (1989–2025)
Year-by-year earnings quality comparison for McDonald’s Corporation. For live market cap and the full company financial profile, see MCD market cap.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.23x | $10.55 Billion | $8.56 Billion | ▲ +7.3% |
| 2024 | 1.15x | $9.45 Billion | $8.22 Billion | ▲ +1.2% |
| 2023 | 1.13x | $9.61 Billion | $8.47 Billion | ▼ -5.1% |
| 2022 | 1.20x | $7.39 Billion | $6.18 Billion | ▼ -1.3% |
| 2021 | 1.21x | $9.14 Billion | $7.55 Billion | ▼ -8.5% |
| 2020 | 1.32x | $6.27 Billion | $4.73 Billion | ▼ -1.7% |
| 2019 | 1.35x | $8.12 Billion | $6.03 Billion | ▲ +14.6% |
| 2018 | 1.18x | $6.97 Billion | $5.92 Billion | ▲ +10.0% |
| 2017 | 1.07x | $5.55 Billion | $5.19 Billion | ▼ -17.3% |
| 2016 | 1.29x | $6.06 Billion | $4.69 Billion | ▼ -10.4% |
| 2015 | 1.44x | $6.54 Billion | $4.53 Billion | ▲ +2.1% |
| 2014 | 1.41x | $6.73 Billion | $4.76 Billion | ▲ +11.0% |
| 2013 | 1.27x | $7.12 Billion | $5.59 Billion | ▲ +0.0% |
| 2012 | 1.27x | $6.97 Billion | $5.46 Billion | ▼ -1.9% |
| 2011 | 1.30x | $7.15 Billion | $5.50 Billion | ▲ +1.3% |
| 2010 | 1.28x | $6.34 Billion | $4.95 Billion | ▲ +1.5% |
| 2009 | 1.26x | $5.75 Billion | $4.55 Billion | ▼ -7.9% |
| 2008 | 1.37x | $5.92 Billion | $4.31 Billion | ▼ -32.6% |
| 2007 | 2.04x | $4.88 Billion | $2.40 Billion | ▲ +66.2% |
| 2006 | 1.22x | $4.34 Billion | $3.54 Billion | ▼ -26.5% |
| 2005 | 1.67x | $4.34 Billion | $2.60 Billion | ▼ -2.7% |
| 2004 | 1.71x | $3.90 Billion | $2.28 Billion | ▼ -22.9% |
| 2003 | 2.22x | $3.27 Billion | $1.47 Billion | ▼ -31.3% |
| 2002 | 3.23x | $2.89 Billion | $893.50 Million | ▲ +96.9% |
| 2001 | 1.64x | $2.69 Billion | $1.64 Billion | ▲ +18.0% |
| 2000 | 1.39x | $2.75 Billion | $1.98 Billion | ▼ -9.9% |
| 1999 | 1.54x | $3.01 Billion | $1.95 Billion | ▼ -13.4% |
| 1998 | 1.78x | $2.77 Billion | $1.55 Billion | ▲ +20.0% |
| 1997 | 1.49x | $2.44 Billion | $1.64 Billion | ▼ -5.0% |
| 1996 | 1.56x | $2.46 Billion | $1.57 Billion | ▼ -2.7% |
| 1995 | 1.61x | $2.30 Billion | $1.43 Billion | ▲ +2.3% |
| 1994 | 1.57x | $1.93 Billion | $1.22 Billion | ▲ +1.4% |
| 1993 | 1.55x | $1.68 Billion | $1.08 Billion | ▲ +4.3% |
| 1992 | 1.49x | $1.43 Billion | $958.60 Million | ▼ -10.2% |
| 1991 | 1.66x | $1.42 Billion | $859.60 Million | ▲ +2.1% |
| 1990 | 1.62x | $1.30 Billion | $802.30 Million | ▼ -5.4% |
| 1989 | 1.71x | $1.25 Billion | $727.00 Million | — |