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). See working capital position of McDonald’s Corporation to evaluate short-term liquidity relative to the company's equity base.
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. Explore MCD debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for McDonald’s Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for McDonald’s Corporation. For the full company profile including market capitalisation, see MCD company net worth.
| 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 | — |