McDonald’s Corporation Cash Flow Quality Index
McDonald’s Corporation 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. See financial flexibility index of McDonald’s Corporation to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of McDonald’s Corporation (1989–2025)
Cash flow quality index of McDonald’s Corporation from 1989 to 2025. Historical Cash Flow Quality Index for McDonald’s Corporation across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore MCD cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
McDonald’s Corporation Cash Flow Quality Index by Year (1989–2025)
McDonald’s Corporation cash flow quality index by year from 1989 to 2025. Year-by-year earnings quality comparison for McDonald’s Corporation. For the full cash flow conversion analysis, see MCD cash flow metrics.
| 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 | — |