McDonald’s Corporation (MCD) — Cash Flow Reinvestment Rate
McDonald’s Corporation (MCD) has a Cash Flow Reinvestment Rate of 0.28x as of March 2026, reinvesting $682.00 Million (capex $682.00 Million ) from operating cash flow of $2.41 Billion. See McDonald’s Corporation free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
McDonald’s Corporation Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for McDonald’s Corporation across 37 annual periods. For the full cash flow conversion analysis, see McDonald’s Corporation (MCD) cash conversion ratio.
Annual Cash Flow Reinvestment Rate for McDonald’s Corporation (1989–2025)
Year-by-year capital reinvestment analysis for McDonald’s Corporation. See McDonald’s Corporation (MCD) flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.32x | $3.37 Billion | $10.55 Billion | $3.37 Billion | ▼ -62.9% |
| 2024 | 0.86x | $8.12 Billion | $9.45 Billion | $2.77 Billion | ▲ +43.1% |
| 2023 | 0.60x | $5.77 Billion | $9.61 Billion | $2.36 Billion | ▼ -3.1% |
| 2022 | 0.62x | $4.58 Billion | $7.39 Billion | $1.90 Billion | ▲ +34.7% |
| 2021 | 0.46x | $4.21 Billion | $9.14 Billion | $2.04 Billion | ▼ -9.5% |
| 2020 | 0.51x | $3.19 Billion | $6.27 Billion | $1.64 Billion | ▼ -24.4% |
| 2019 | 0.67x | $5.46 Billion | $8.12 Billion | $2.39 Billion | ▼ -9.8% |
| 2018 | 0.75x | $5.20 Billion | $6.97 Billion | $2.74 Billion | ▲ +71.4% |
| 2017 | 0.44x | $2.42 Billion | $5.55 Billion | $1.85 Billion | ▼ -5.9% |
| 2016 | 0.46x | $2.80 Billion | $6.06 Billion | $1.82 Billion | ▲ +66.7% |
| 2015 | 0.28x | $1.81 Billion | $6.54 Billion | $1.81 Billion | ▼ -27.7% |
| 2014 | 0.38x | $2.58 Billion | $6.73 Billion | $2.58 Billion | ▼ -3.2% |
| 2013 | 0.40x | $2.82 Billion | $7.12 Billion | $2.82 Billion | ▼ -9.4% |
| 2012 | 0.44x | $3.05 Billion | $6.97 Billion | $3.05 Billion | ▲ +14.7% |
| 2011 | 0.38x | $2.73 Billion | $7.15 Billion | $2.73 Billion | ▲ +13.4% |
| 2010 | 0.34x | $2.14 Billion | $6.34 Billion | $2.14 Billion | ▼ -7.6% |
| 2009 | 0.36x | $2.10 Billion | $5.75 Billion | $1.95 Billion | ▲ +1.0% |
| 2008 | 0.36x | $2.14 Billion | $5.92 Billion | $2.14 Billion | ▼ -9.6% |
| 2007 | 0.40x | $1.95 Billion | $4.88 Billion | $1.95 Billion | ▼ -0.5% |
| 2006 | 0.40x | $1.74 Billion | $4.34 Billion | $1.74 Billion | ▲ +8.3% |
| 2005 | 0.37x | $1.61 Billion | $4.34 Billion | $1.61 Billion | ▼ -7.8% |
| 2004 | 0.40x | $1.57 Billion | $3.90 Billion | $1.57 Billion | ▼ -21.9% |
| 2003 | 0.51x | $1.68 Billion | $3.27 Billion | $1.68 Billion | ▼ -41.7% |
| 2002 | 0.88x | $2.55 Billion | $2.89 Billion | $2.55 Billion | ▲ +6.1% |
| 2001 | 0.83x | $2.24 Billion | $2.69 Billion | $2.24 Billion | ▼ -3.4% |
| 2000 | 0.86x | $2.37 Billion | $2.75 Billion | $2.37 Billion | ▲ +17.4% |
| 1999 | 0.73x | $2.21 Billion | $3.01 Billion | $2.21 Billion | ▲ +1.6% |
| 1998 | 0.72x | $2.00 Billion | $2.77 Billion | $2.00 Billion | ▼ -20.7% |
| 1997 | 0.91x | $2.22 Billion | $2.44 Billion | $2.22 Billion | ▼ -10.8% |
| 1996 | 1.02x | $2.51 Billion | $2.46 Billion | $2.51 Billion | ▲ +13.6% |
| 1995 | 0.90x | $2.06 Billion | $2.30 Billion | $2.06 Billion | ▲ +12.5% |
| 1994 | 0.80x | $1.54 Billion | $1.93 Billion | $1.54 Billion | ▲ +1.9% |
| 1993 | 0.78x | $1.32 Billion | $1.68 Billion | $1.32 Billion | ▼ -2.9% |
| 1992 | 0.81x | $1.15 Billion | $1.43 Billion | $1.15 Billion | ▲ +1.8% |
| 1991 | 0.79x | $1.13 Billion | $1.42 Billion | $1.13 Billion | ▼ -34.3% |
| 1990 | 1.21x | $1.57 Billion | $1.30 Billion | $1.57 Billion | ▼ -3.3% |
| 1989 | 1.25x | $1.55 Billion | $1.25 Billion | $1.55 Billion | — |