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 (MCD) investment intensity to see how much of total assets are deployed in long-term investments.
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 McDonald’s Corporation tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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 McDonald’s Corporation market capitalisation.
| 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 | — |