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). Read McDonald’s Corporation (MCD) total liabilities for a breakdown of total debt and financial obligations.
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 McDonald’s Corporation capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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 McDonald’s Corporation market cap and 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 | — |