McDonald’s Corporation Free Cash Flow Generation Index

Latest as of March 2026: 0.72x

McDonald’s Corporation 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). Check MCD asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

FCF Generation Index

0.72x
Free Cash Flow / Operating CF

Free Cash Flow

$1.73 Billion
USD

Operating Cash Flow

$2.41 Billion
USD

Capital Expenditures

$682.00 Million
USD

Free Cash Flow Generation Index of McDonald’s Corporation (1989–2025)

Free cash flow generation index of McDonald’s Corporation from 1989 to 2025. Historical FCF Generation Index trend for McDonald’s Corporation across 37 annual periods. Explore capital reinvestment ratio of McDonald’s Corporation to see what proportion of operating cash flow is directed to capital expenditures.

McDonald’s Corporation Free Cash Flow Generation Index by Year (1989–2025)

McDonald’s Corporation free cash flow generation index by year from 1989 to 2025. Year-by-year Free Cash Flow Generation Index for McDonald’s Corporation. For the full cash flow conversion analysis, see cash efficiency ratio of McDonald’s Corporation.

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 —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).