McDonald’s Corporation
McDonald's Corporation owns, operates, and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, frozen desserts, sundaes, soft serve cones, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells va… Read more
McDonald’s Corporation (MCD) - Net Assets
Latest net assets as of December 2025: $-1.79 Billion USD
Based on the latest financial reports, McDonald’s Corporation (MCD) has net assets worth $-1.79 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($59.52 Billion) and total liabilities ($61.31 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-1.79 Billion |
| % of Total Assets | -3.01% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.27 |
McDonald’s Corporation - Net Assets Trend (1985–2025)
This chart illustrates how McDonald’s Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for McDonald’s Corporation (1985–2025)
The table below shows the annual net assets of McDonald’s Corporation from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-1.79 Billion | +52.80% |
| 2024-12-31 | $-3.80 Billion | +19.33% |
| 2023-12-31 | $-4.71 Billion | +21.59% |
| 2022-12-31 | $-6.00 Billion | -30.48% |
| 2021-12-31 | $-4.60 Billion | +41.20% |
| 2020-12-31 | $-7.82 Billion | +4.69% |
| 2019-12-31 | $-8.21 Billion | -31.19% |
| 2018-12-31 | $-6.26 Billion | -91.51% |
| 2017-12-31 | $-3.27 Billion | -48.26% |
| 2016-12-31 | $-2.20 Billion | -131.10% |
| 2015-12-31 | $7.09 Billion | -44.86% |
| 2014-12-31 | $12.85 Billion | -19.71% |
| 2013-12-31 | $16.01 Billion | +4.68% |
| 2012-12-31 | $15.29 Billion | +6.28% |
| 2011-12-31 | $14.39 Billion | -1.67% |
| 2010-12-31 | $14.63 Billion | +4.28% |
| 2009-12-31 | $14.03 Billion | +4.87% |
| 2008-12-31 | $13.38 Billion | -12.42% |
| 2007-12-31 | $15.28 Billion | -1.15% |
| 2006-12-31 | $15.46 Billion | +2.06% |
| 2005-12-31 | $15.15 Billion | +6.65% |
| 2004-12-31 | $14.20 Billion | +18.52% |
| 2003-12-31 | $11.98 Billion | +16.55% |
| 2002-12-31 | $10.28 Billion | +8.35% |
| 2001-12-31 | $9.49 Billion | +3.09% |
| 2000-12-31 | $9.20 Billion | -4.51% |
| 1999-12-31 | $9.64 Billion | +1.84% |
| 1998-12-31 | $9.46 Billion | +6.93% |
| 1997-12-31 | $8.85 Billion | +1.53% |
| 1996-12-31 | $8.72 Billion | +2.25% |
| 1995-12-31 | $8.53 Billion | +16.66% |
| 1994-12-31 | $7.31 Billion | +10.59% |
| 1993-12-31 | $6.61 Billion | +12.15% |
| 1992-12-31 | $5.89 Billion | +21.87% |
| 1991-12-31 | $4.84 Billion | +15.61% |
| 1990-12-31 | $4.18 Billion | +17.81% |
| 1989-12-31 | $3.55 Billion | +4.02% |
| 1988-12-31 | $3.41 Billion | +17.01% |
| 1987-12-31 | $2.92 Billion | +19.14% |
| 1986-12-31 | $2.45 Billion | +11.96% |
| 1985-12-31 | $2.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to McDonald’s Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Total Equity | $-1.79 Billion | 100.00% |
McDonald’s Corporation Competitors by Market Cap
The table below lists competitors of McDonald’s Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
International Business Machines
NYSE:IBM
|
$232.33 Billion |
|
Wells Fargo & Company
NYSE:WFC
|
$235.14 Billion |
|
Goldman Sachs Group Inc
NYSE:GS
|
$236.20 Billion |
|
SAP SE
PINK:SAPGF
|
$238.59 Billion |
|
Royal Bank of Canada
NYSE:RY
|
$229.74 Billion |
|
GE Vernova LLC
NYSE:GEV
|
$227.10 Billion |
|
Samsung Electronics Co Ltd
PINK:SSNLF
|
$226.94 Billion |
|
Nestlé S.A.
SW:NESN
|
$226.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in McDonald’s Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -3,796,000,000 to -1,791,000,000, a change of 2,005,000,000.
- Net income of 8,563,000,000 contributed positively to equity growth.
- Dividend payments of 5,115,000,000 reduced retained earnings.
- Share repurchases of 2,056,000,000 reduced equity.
- Other comprehensive income increased equity by 2,553,000,000.
- Other factors decreased equity by 1,940,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.56 Billion | +478.11% |
| Dividends Paid | $5.12 Billion | -285.59% |
| Share Repurchases | $2.06 Billion | -114.8% |
| Other Comprehensive Income | $2.55 Billion | +142.55% |
| Other Changes | $-1.94 Billion | -108.32% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares McDonald’s Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.43 | $326.30 | x |
| 1986-12-31 | $1.65 | $326.30 | x |
| 1987-12-31 | $1.97 | $326.30 | x |
| 1988-12-31 | $2.27 | $326.30 | x |
| 1989-12-31 | $2.36 | $326.30 | x |
| 1990-12-31 | $2.86 | $326.30 | x |
| 1991-12-31 | $3.28 | $326.30 | x |
| 1992-12-31 | $4.00 | $326.30 | x |
| 1993-12-31 | $4.30 | $326.30 | x |
| 1994-12-31 | $4.91 | $326.30 | x |
| 1995-12-31 | $5.58 | $326.30 | x |
| 1996-12-31 | $6.09 | $326.30 | x |
| 1997-12-31 | $6.29 | $326.30 | x |
| 1998-12-31 | $6.73 | $326.30 | x |
| 1999-12-31 | $6.86 | $326.30 | x |
| 2000-12-31 | $6.79 | $326.30 | x |
| 2001-12-31 | $7.25 | $326.30 | x |
| 2002-12-31 | $8.02 | $326.30 | x |
| 2003-12-31 | $9.39 | $326.30 | x |
| 2004-12-31 | $11.15 | $326.30 | x |
| 2005-12-31 | $11.89 | $326.30 | x |
| 2006-12-31 | $12.35 | $326.30 | x |
| 2007-12-31 | $12.61 | $326.30 | x |
| 2008-12-31 | $11.68 | $326.30 | x |
| 2009-12-31 | $12.67 | $326.30 | x |
| 2010-12-31 | $13.55 | $326.30 | x |
| 2011-12-31 | $13.77 | $326.30 | x |
| 2012-12-31 | $14.99 | $326.30 | x |
| 2013-12-31 | $15.91 | $326.30 | x |
| 2014-12-31 | $13.03 | $326.30 | x |
| 2015-12-31 | $7.50 | $326.30 | x |
| 2016-12-31 | $-2.56 | $326.30 | x |
| 2017-12-31 | $-4.01 | $326.30 | x |
| 2018-12-31 | $-7.97 | $326.30 | x |
| 2019-12-31 | $-10.73 | $326.30 | x |
| 2020-12-31 | $-10.43 | $326.30 | x |
| 2021-12-31 | $-6.12 | $326.30 | x |
| 2022-12-31 | $-8.10 | $326.30 | x |
| 2023-12-31 | $-6.43 | $326.30 | x |
| 2024-12-31 | $-5.26 | $326.30 | x |
| 2025-12-31 | $-2.50 | $326.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently McDonald’s Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.85%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (17.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 19.80% | 11.72% | 0.73x | 2.31x | $214.35 Million |
| 1986 | 19.59% | 11.58% | 0.69x | 2.44x | $234.89 Million |
| 1987 | 18.83% | 11.22% | 0.70x | 2.39x | $257.43 Million |
| 1988 | 18.93% | 11.60% | 0.68x | 2.39x | $304.62 Million |
| 1989 | 20.48% | 11.84% | 0.67x | 2.58x | $372.00 Million |
| 1990 | 19.18% | 12.08% | 0.62x | 2.55x | $384.07 Million |
| 1991 | 17.78% | 12.84% | 0.59x | 2.35x | $376.09 Million |
| 1992 | 16.27% | 13.44% | 0.61x | 1.98x | $369.36 Million |
| 1993 | 17.25% | 14.61% | 0.62x | 1.92x | $455.09 Million |
| 1994 | 17.78% | 14.71% | 0.61x | 1.97x | $535.86 Million |
| 1995 | 18.16% | 14.57% | 0.64x | 1.96x | $641.17 Million |
| 1996 | 18.04% | 14.72% | 0.61x | 1.99x | $700.78 Million |
| 1997 | 18.56% | 14.40% | 0.63x | 2.06x | $757.34 Million |
| 1998 | 16.38% | 12.48% | 0.63x | 2.09x | $603.63 Million |
| 1999 | 20.21% | 14.69% | 0.63x | 2.18x | $983.99 Million |
| 2000 | 21.48% | 13.88% | 0.66x | 2.36x | $1.06 Billion |
| 2001 | 17.25% | 11.01% | 0.66x | 2.37x | $687.76 Million |
| 2002 | 8.69% | 5.80% | 0.64x | 2.33x | $-134.59 Million |
| 2003 | 12.28% | 8.58% | 0.66x | 2.16x | $273.21 Million |
| 2004 | 16.04% | 12.25% | 0.67x | 1.96x | $858.35 Million |
| 2005 | 17.18% | 13.61% | 0.64x | 1.98x | $1.09 Billion |
| 2006 | 22.93% | 16.96% | 0.72x | 1.87x | $2.00 Billion |
| 2007 | 15.67% | 10.51% | 0.78x | 1.92x | $867.12 Million |
| 2008 | 32.23% | 18.34% | 0.83x | 2.13x | $2.97 Billion |
| 2009 | 32.43% | 20.01% | 0.75x | 2.15x | $3.15 Billion |
| 2010 | 33.80% | 20.55% | 0.75x | 2.18x | $3.48 Billion |
| 2011 | 38.24% | 20.38% | 0.82x | 2.29x | $4.06 Billion |
| 2012 | 35.73% | 19.82% | 0.78x | 2.31x | $3.94 Billion |
| 2013 | 34.89% | 19.87% | 0.77x | 2.29x | $3.98 Billion |
| 2014 | 37.02% | 17.34% | 0.80x | 2.67x | $3.47 Billion |
| 2015 | 63.90% | 17.82% | 0.67x | 5.35x | $3.82 Billion |
| 2016 | 0.00% | 19.03% | 0.79x | 0.00x | $4.91 Billion |
| 2017 | 0.00% | 22.75% | 0.68x | 0.00x | $5.52 Billion |
| 2018 | 0.00% | 27.87% | 0.65x | 0.00x | $6.55 Billion |
| 2019 | 0.00% | 28.20% | 0.45x | 0.00x | $6.85 Billion |
| 2020 | 0.00% | 24.63% | 0.36x | 0.00x | $5.51 Billion |
| 2021 | 0.00% | 32.49% | 0.43x | 0.00x | $8.01 Billion |
| 2022 | 0.00% | 26.65% | 0.46x | 0.00x | $6.78 Billion |
| 2023 | 0.00% | 33.22% | 0.45x | 0.00x | $8.94 Billion |
| 2024 | 0.00% | 31.72% | 0.47x | 0.00x | $8.60 Billion |
| 2025 | 0.00% | 31.85% | 0.45x | 0.00x | $8.74 Billion |
Industry Comparison
This section compares McDonald’s Corporation's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,100,683,888
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| McDonald’s Corporation (MCD) | $-1.79 Billion | 19.80% | N/A | $231.14 Billion |
| Alsea S.A.B. de C.V (ALSSF) | $9.60 Billion | 31.08% | 7.07x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $695.30 Million | 7.75% | 2.14x | $952.86 Million |
| AmRest Holdings SE (ARHOF) | $264.70 Million | -68.76% | 6.99x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $7.80 Million | -3.85% | 0.72x | $10.36 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $5.62 Million | -39.20% | 3.43x | $1.94 |
| Flanigans Enterprises Inc (BDL) | $7.67 Million | 17.79% | 0.46x | $18.25 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $2.41 Million | -143.08% | 1.53x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $78.95 Million | -131.01% | 2.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $1.80 Million | 233.33% | 36.28x | $310.04 Million |
| BJs Restaurants Inc (BJRI) | $345.51 Million | 1.18% | 2.51x | $663.68 Million |