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 debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see McDonald’s Corporation (MCD) cash conversion ratio.
Annual Cash Flow Quality Index for McDonald’s Corporation (1989–2025)
Year-by-year earnings quality comparison for McDonald’s Corporation.
| 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 | — |