McDonald’s Corporation (MCD) — Free Cash Flow Generation Index
McDonald’s Corporation (MCD) has a Free Cash Flow Generation Index of 0.72x as of March 2026. Free cash flow of $1.73 Billion represents 1% of operating cash flow ($2.41 Billion). Explore McDonald’s Corporation (MCD) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
McDonald’s Corporation Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for McDonald’s Corporation across 37 annual periods. For the full cash flow conversion analysis, see McDonald’s Corporation (MCD) cash conversion ratio.
Annual Free Cash Flow Generation for McDonald’s Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for McDonald’s Corporation. Check McDonald’s Corporation cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.68x | $7.19 Billion | $10.55 Billion | $3.37 Billion | ▼ -3.6% |
| 2024 | 0.71x | $6.67 Billion | $9.45 Billion | $2.77 Billion | ▼ -6.4% |
| 2023 | 0.75x | $7.25 Billion | $9.61 Billion | $2.36 Billion | ▲ +1.6% |
| 2022 | 0.74x | $5.49 Billion | $7.39 Billion | $1.90 Billion | ▼ -4.4% |
| 2021 | 0.78x | $7.10 Billion | $9.14 Billion | $2.04 Billion | ▲ +5.2% |
| 2020 | 0.74x | $4.62 Billion | $6.27 Billion | $1.64 Billion | ▲ +4.7% |
| 2019 | 0.71x | $5.73 Billion | $8.12 Billion | $2.39 Billion | ▲ +16.3% |
| 2018 | 0.61x | $4.22 Billion | $6.97 Billion | $2.74 Billion | ▼ -9.0% |
| 2017 | 0.67x | $3.70 Billion | $5.55 Billion | $1.85 Billion | ▼ -4.8% |
| 2016 | 0.70x | $4.24 Billion | $6.06 Billion | $1.82 Billion | ▼ -3.2% |
| 2015 | 0.72x | $4.73 Billion | $6.54 Billion | $1.81 Billion | ▲ +17.3% |
| 2014 | 0.62x | $4.15 Billion | $6.73 Billion | $2.58 Billion | ▲ +2.1% |
| 2013 | 0.60x | $4.30 Billion | $7.12 Billion | $2.82 Billion | ▲ +7.3% |
| 2012 | 0.56x | $3.92 Billion | $6.97 Billion | $3.05 Billion | ▼ -9.0% |
| 2011 | 0.62x | $4.42 Billion | $7.15 Billion | $2.73 Billion | ▼ -6.8% |
| 2010 | 0.66x | $4.21 Billion | $6.34 Billion | $2.14 Billion | ▲ +0.4% |
| 2009 | 0.66x | $3.80 Billion | $5.75 Billion | $1.95 Billion | ▲ +3.4% |
| 2008 | 0.64x | $3.78 Billion | $5.92 Billion | $2.14 Billion | ▲ +6.4% |
| 2007 | 0.60x | $2.93 Billion | $4.88 Billion | $1.95 Billion | ▲ +0.3% |
| 2006 | 0.60x | $2.60 Billion | $4.34 Billion | $1.74 Billion | ▼ -4.9% |
| 2005 | 0.63x | $2.73 Billion | $4.34 Billion | $1.61 Billion | ▲ +5.3% |
| 2004 | 0.60x | $2.33 Billion | $3.90 Billion | $1.57 Billion | ▲ +23.3% |
| 2003 | 0.49x | $1.59 Billion | $3.27 Billion | $1.68 Billion | ▲ +314.9% |
| 2002 | 0.12x | $337.90 Million | $2.89 Billion | $2.55 Billion | ▼ -30.2% |
| 2001 | 0.17x | $450.50 Million | $2.69 Billion | $2.24 Billion | ▲ +21.1% |
| 2000 | 0.14x | $380.90 Million | $2.75 Billion | $2.37 Billion | ▼ -48.0% |
| 1999 | 0.27x | $800.40 Million | $3.01 Billion | $2.21 Billion | ▼ -4.3% |
| 1998 | 0.28x | $768.60 Million | $2.77 Billion | $2.00 Billion | ▲ +212.0% |
| 1997 | 0.09x | $217.50 Million | $2.44 Billion | $2.22 Billion | ▲ +521.5% |
| 1996 | -0.02x | $-52.00 Million | $2.46 Billion | $2.51 Billion | ▼ -120.9% |
| 1995 | 0.10x | $232.50 Million | $2.30 Billion | $2.06 Billion | ▼ -49.7% |
| 1994 | 0.20x | $387.60 Million | $1.93 Billion | $1.54 Billion | ▼ -6.9% |
| 1993 | 0.22x | $362.90 Million | $1.68 Billion | $1.32 Billion | ▲ +12.1% |
| 1992 | 0.19x | $274.90 Million | $1.43 Billion | $1.15 Billion | ▼ -6.8% |
| 1991 | 0.21x | $294.40 Million | $1.42 Billion | $1.13 Billion | ▲ +199.8% |
| 1990 | -0.21x | $-269.70 Million | $1.30 Billion | $1.57 Billion | ▲ +16.4% |
| 1989 | -0.25x | $-309.00 Million | $1.25 Billion | $1.55 Billion | — |