OakChart

McDonald's Corp

MCDConsumer Cyclical·Restaurants·USA·Large·NYSE·Nov 11 • 8:57 AM ET

278.84-3.33 (-1.18%)
2026-11-11 14:58 CET
Market cap
199,151.35 USD m
Revenue, TTM
27,782.00 USD m
Net income, TTM
8,995.00 USD m
Free cash flow, TTM
7,491.00 USD m
EPS diluted, TTM
12.64
P/E
22.06
Compare

Price

MCD against its 20, 50 and 200-day averages
2050200beatearnings
240.00260.00280.00300.008.3M16.6MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MCDclose 278.8420-day 259.7150-day 249.83200-day 281.88278.84

18.4% under 341.75 on 2 Mar 2026. Last 15 sessions, 15.0% high to low

Profile

MCD
52-week range, 44% of the way up
229.2341.75

McDonald's Corp. engages in the operation and franchising of restaurants. The firm operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K. The International Developmental Licensed Markets and Corporate segment consists of developmental licensee and affiliate markets in the McDonald's system. Its products include Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches, Chicken McNuggets, wraps, McDonald's Fries, salads, oatmeal, shakes, McFlurry desserts, sundaes, soft serve cones, pies, soft drinks, coffee, and McCafe beverages. The company was founded by Raymond Albert Kroc on April 15, 1955 and is headquartered in Chicago, IL.

IndexDJIA, S&P 500, RUI
Employees150000
IPOJul 05, 1966
Beta0.42
ATR, 14d6.11
Rel volume0.17
Short float1.65%
Insider own0.05%
Inst own77.61%

Snapshot

6 groups

Valuation

IndexDJIA, S&P 500, RUI
Market Cap196.80B
Enterprise Value250.14B
Income8.99B
Sales27.78B
Book/sh-0.49
Cash/sh1.69
Dividend Est.7.51 (2.69%)
Dividend TTM7.44 (2.67%)
Dividend Ex-DateDec 01, 2026
Dividend Gr. 3/5Y8.20% 7.30%
Payout59.99%
Employees150000
IPOJul 05, 1966

Ratios

P/E22.06
Forward P/E20.31
PEG3.40
P/S7.08
P/B-
P/C164.96
P/FCF26.27
EV/EBITDA16.58
EV/Sales9.00
Quick Ratio1.22
Current Ratio1.23
Debt/Eq-
LT Debt/Eq-
Option/ShortYes / Yes

Earnings

EPS (ttm)12.64
EPS next Y13.73
EPS next Q3.19
EPS this Y6.15%
EPS next Y6.03%
EPS next 5Y5.98%
EPS past 3/5Y12.78% 13.64%
Sales past 3/5Y5.06% 6.96%
EPS Y/Y TTM7.67%
Sales Y/Y TTM5.78%
EPS Q/Q10.30%
Sales Q/Q1.12%
EarningsNov 04 BMO
EPS/Sales Surpr.5.62% -1.75%

Ownership

Insider Own0.05%
Insider Trans-2.31%
Inst Own77.61%
Inst Trans-0.12%
ROA14.84%
ROE-
ROIC16.81%
Gross Margin57.74%
Oper. Margin46.13%
Profit Margin32.38%
SMA207.37%
SMA5011.61%
SMA200-1.08%
Trades-

Technical

Shs Outstand705.70M
Shs Float705.46M
Short Float1.65%
Short Ratio2.15
Short Interest11.65M
52W High341.75 -18.41%
52W Low229.20 21.66%
Volatility3.12% 2.03%
ATR (14)6.11
RSI (14)71.09
Beta0.42
Rel Volume0.17
Avg Volume5.43M
Volume46,221

Performance

Perf Week-0.49%
Perf Month18.25%
Perf Quarter2.42%
Perf Half Y1.14%
Perf YTD-8.77%
Perf Year-9.12%
Perf 3Y4.13%
Perf 5Y11.46%
Perf 10Y144.13%
Recom2.11
Target Price298.36
Prev Close282.17
Price278.84
Change %-1.18%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 28, 2026ReiteratedMMorgan StanleyEqual-Weight$308 → $297+6.5%
Sep 25, 2026ReiteratedRRobert W. BairdNeutral$285 → $250-10.3%
Sep 24, 2026ReiteratedRRobert W. BairdNeutral$285 → $250-10.3%
Sep 24, 2026ReiteratedRRBC Capital MktsSector Perform$290 → $285+2.2%
Sep 24, 2026ReiteratedOOppenheimerOutperform$325 → $295+5.8%
Sep 24, 2026ReiteratedJJP MorganOverweight$280 → $260-6.8%
Sep 24, 2026ReiteratedEEvercore ISIOutperform$320 → $300+7.6%
Sep 24, 2026ReiteratedBBTIG ResearchBuy$350 → $295+5.8%
Sep 24, 2026ReiteratedBBMO Capital MarketsOutperform$335 → $310+11.2%
Sep 21, 2026ReiteratedUUBSBuy$340 → $320+14.8%

Peers

Mkt cap
TickerCompanyMkt cap
QSRRestaurant Brands International Inc34.85B
YUMYum Brands Inc42.52B
WENWendy's Co1.59B
SBUXStarbucks Corp124.78B
JACKJack In The Box Inc280.02M
YUMCYum China Holdings Inc16.69B
CMGChipotle Mexican Grill45.06B
DPZDominos Pizza Inc10.76B
DRIDarden Restaurants Inc25.77B
TXRHTexas Roadhouse Inc12.32B

Insider trading

latest 14 of 57
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Elting Lauren BVP - CAO and Corp ControllerAug 07 '26Option Exercise0.001,03801,755Aug 11 03:57 PM
Erlinger Joseph M.President, McDonald's USAJun 10 '26Option Exercise157.795,252828,71312,986Jun 10 04:29 PM
Erlinger Joseph M.President, McDonald's USAJun 10 '26Sale284.325,2521,493,2497,734Jun 10 04:29 PM
JOSEPH ERLINGEROfficerJun 10 '26Proposed Sale282.255,2521,482,377Jun 10 04:26 PM
Ralls-Morrison DesireeEVP, Chief Legal OfficerMay 28 '26Sale278.362,763769,1096,268Jun 01 11:59 AM
Erlinger Joseph M.President, McDonald's USAMay 26 '26Sale280.1133393,2777,734May 27 04:58 PM
JOSEPH ERLINGEROfficerMay 26 '26Proposed Sale282.2733393,996May 26 04:46 PM
Erlinger Joseph M.President, McDonald's USAApr 23 '26Sale302.72333100,8068,067Apr 23 05:42 PM
JOSEPH ERLINGEROfficerApr 23 '26Proposed Sale300.0733399,923Apr 23 04:28 PM
Erlinger Joseph M.President, McDonald's USAApr 10 '26Option Exercise157.792,626414,35711,026Apr 13 11:58 AM
Erlinger Joseph M.President, McDonald's USAApr 10 '26Sale307.002,626806,1828,400Apr 13 11:58 AM
JOSEPH ERLINGEROfficerApr 10 '26Proposed Sale309.552,626812,878Apr 10 04:34 PM
Erlinger Joseph M.President, McDonald's USAMar 23 '26Sale313.47333104,3868,400Mar 24 02:37 PM
JOSEPH ERLINGEROfficerMar 23 '26Proposed Sale308.85333102,847Mar 23 04:36 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
DIASpdr Dow Jones Industrial Average ETF TrustAUM: 45.55B
XLYState Street Consumer Discretionary Select Sector SPDR ETFAUM: 23.35B
VUGVanguard Morningstar Growth ETFAUM: 217.67B
VIGVanguard Dividend Appreciation FTFAUM: 117.07B
VTVVanguard Morningstar Value ETFAUM: 196.23B
VYMVanguard High Dividend Yield Indx ETFAUM: 83.15B

News

latest 14 of 103
  • Cryptos Bid to Shake Up Stock Trading Revs Up Despite Backlash (Bloomberg)
  • Nvidia's trillion-dollar bind: Can it afford to lose Jensen Huang? (CBS News)
  • Why Founder-Led, Regional Restaurant Brands Are Thriving While the Giants Are Struggling (Franchise Times)
  • Chart of the Day: Yum China Offers Fresh Evidence to Stay Bullish on Region (Barrons.com)
  • McDonalds connects loyalty program with Uber (CX Dive)
  • Loading…
  • Customers Suing McDonalds In Chicago Are Not Lovin the McRib (Entrepreneur)
  • McDonalds Looks To Make $20B McDelivery Business More Reliable And More Rewarding With Uber (Stocktwits)
  • McDonald's and Uber Expand Delivery and Rewards Partnership Across 14 Markets (InvestorsHub)
  • McDonalds and Uber Announce Multi-Year Expansion of Partnership (QSR)
  • McDonalds taps Uber as preferred delivery partner across 14 key markets (Investing.com)
  • McDonalds and Uber Expand Global Partnership Across Delivery and Loyalty in 14 Markets (Business Wire)
  • El Pollo Loco says fans flocked to its chicken during the cyclosporiasis outbreak (LA Times)
  • Earnings live updates: Moderna's COVID vaccine sales drive revenue growth, raised outlook (Yahoo Finance)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-043.5703.3803.5107,1577,28428
2026Q22026-08-043.3803.3183.3227,0997,12927
2026Q12026-05-072.8302.7452.7796,5176,47131
2025Q42026-02-113.1203.0463.0307,0096,83832
2025Q32025-11-053.2203.3273.1827,0787,08432
2025Q22025-08-063.1903.1453.1406,8436,69831
2025Q12025-05-012.6702.6622.6015,9566,10130
2024Q42025-02-102.8302.8492.8036,3886,45029
2024Q32024-10-293.2303.2053.1326,8736,81730
2024Q22024-07-292.9703.0742.8016,4906,62330
2024Q12024-04-302.7002.7172.6576,1696,15829
2023Q42024-02-052.9502.8272.8026,4066,44831
2023Q32023-10-303.1903.0013.1676,6926,56231
2023Q22023-07-273.1702.7853.1466,4986,29531
2023Q12023-04-252.6302.3342.4505,8985,58531
2022Q42023-01-312.5902.4552.5865,9275,72031

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY7.8407.8547.87721,07721,039
2020FY6.0506.1436.30719,20819,240
2021FY9.2809.40210.03623,22323,227
2022FY10.1009.9738.33323,18322,985
2023FY11.94011.80011.56525,49425,532
2024FY11.72011.76411.39125,92025,989
2025FY12.20012.13911.95026,88526,691
2026FY-12.950--27,891
2027FY-13.731--28,212
2028FY-14.521--27,452
2029FY-15.373--27,808
2030FY-16.531--28,995

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-10250247,0926,8747,323
2026Q4S2026-11-06250257,0926,8747,323
2026Q4S2026-11-05250247,0996,8747,323
2026Q4S2026-11-04250227,1146,8747,334
2026Q4S2026-10-2925087,2316,9757,388
2026Q4S2026-10-2625077,2356,9757,428
2026Q4S2026-10-2425077,2376,9757,428
2026Q4S2026-10-2026077,2456,9757,444
2026Q4S2026-10-1926067,2566,9757,444
2026Q4S2026-10-1826167,2566,9757,444
2026Q4S2026-10-16261187,2566,9757,444
2026Q4S2026-10-13261187,2566,9757,444
2026Q4S2026-10-06261177,2586,9757,444
2026Q4S2026-10-02261177,2596,9757,444

Estimate history

EPS, annual6.377.547.8776.30710.0368.33311.56511.39111.95312.6406
Period201720182019202020212022202320242025TTM
EPS, quarterly3.1322.8032.6013.143.1823.032.7793.3223.51
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual22820.421025.221364.419207.823222.923182.625493.7259202688527782
Period201720182019202020212022202320242025TTM
Sales, quarterly687363885956684370777009651771007156
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual794.1767.1746.3745.4745.4744.8731.3715.2710.6705.7
Period201720182019202020212022202320242025MRQ
Shares, quarterly716.6715.2715713.6712.1710.6710.4707.6705.7
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue27,782.0026,885.0025,920.0025,493.7023,182.6023,222.9019,207.8021,364.4021,025.20
Cost of Goods Sold Incl. D&A11,741.0011,344.0011,318.0011,080.4010,101.0010,712.009,489.3010,223.7010,239.20
Gross Profit16,041.0015,541.0014,602.0014,413.3013,081.6012,510.909,718.5011,140.7010,786.00
Selling, General and Administrative Excl. Other3,226.003,158.002,742.002,694.502,727.702,737.502,556.402,262.502,200.20
Research and Development-----0.000.000.000.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income12,815.0012,383.0011,860.0011,718.8010,353.909,773.407,162.108,878.208,585.80
Interest Expense1,673.001,643.001,552.001,402.101,299.201,194.201,225.301,182.60980.00
Unusual Expense-350.00171.00257.00725.60-98.60-408.80-297.60-23.40209.20
Net Income Before Taxes11,423.0010,897.0010,345.0010,522.207,825.409,127.906,140.708,018.107,816.10
Income Taxes2,429.002,334.002,121.002,053.401,648.001,582.701,410.201,992.701,891.80
Consolidated Net Income8,995.008,563.008,223.008,468.806,177.407,545.204,730.506,025.405,924.30
Net Income From Continuing Operations8,995.008,563.008,223.008,468.806,177.407,545.204,730.506,025.405,924.30
Net Income8,995.008,563.008,223.008,468.806,177.407,545.204,730.506,025.405,924.30
EPS (Recurring)12.3512.1211.6412.268.249.666.037.867.73
EPS (Basic, Before Extraordinaries)12.6812.0011.4511.638.3910.116.357.957.61
EPS (Diluted)12.6411.9511.3911.568.3310.046.317.887.54
EBITDA15,089.0014,582.0013,957.0013,697.0012,224.5011,641.508,913.5010,496.1010,067.80
Non-Operating Income (Expense)-70.00328.00294.00931.10-1,327.90139.90-93.70299.10419.50
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense143.78146.00136.00155.40131.6987.8978.3094.20108.10
Price To Earnings Ratio22.3222.3225.4526.1233.2026.7134.0325.0823.55
Price To Sales Ratio5.898.148.078.528.438.688.387.076.63
Gross Margin57.7457.8156.3356.5456.4353.8750.6052.1551.30
Operating Margin46.1346.0645.7645.9744.6642.0937.2941.5640.84
Net Margin32.3831.8531.7233.2226.6532.4924.6328.2028.18
Shares Outstanding705.70710.60715.20731.30744.80745.40745.40746.30767.10
Market Capitalization199,151.35199,151.35207,740.97215,071.16193,015.70200,313.97159,885.92148,818.71136,890.49

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue7,156.007,100.006,517.007,009.007,077.006,843.005,956.006,388.00
Cost of Goods Sold Incl. D&A2,893.002,929.002,819.003,100.002,959.002,838.002,586.002,846.00
Gross Profit4,263.004,171.003,698.003,909.004,118.004,005.003,370.003,542.00
Selling, General and Administrative Excl. Other799.00867.00810.00750.00804.00750.00704.00657.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income3,464.003,304.002,888.003,159.003,314.003,255.002,666.002,885.00
Interest Expense416.00421.00412.00424.00422.00406.00391.00393.00
Unusual Expense-45.00-415.0041.0069.0022.001,504.00708.00-9.00
Net Income Before Taxes3,188.002,936.002,542.002,757.002,949.002,861.002,330.002,537.00
Income Taxes702.00574.00559.00594.00671.00608.00461.00521.00
Consolidated Net Income2,486.002,362.001,983.002,164.002,278.002,253.001,868.002,017.00
Net Income From Continuing Operations2,486.002,362.001,983.002,164.002,278.002,253.001,868.002,017.00
Net Income2,486.002,362.001,983.002,164.002,278.002,253.001,868.002,017.00
EPS (Recurring)3.472.912.823.103.204.613.292.79
EPS (Basic, Before Extraordinaries)3.523.332.793.043.203.152.612.82
EPS (Diluted)3.513.322.783.033.183.142.602.80
EBITDA4,031.003,869.003,454.003,735.003,873.003,799.003,186.003,438.00
Non-Operating Income (Expense)94.00-362.00107.0091.0079.001,516.00763.0036.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense36.3430.8147.4029.2330.8144.0035.5534.76
Price To Earnings Ratio22.3222.2826.0026.0726.0325.7727.4225.45
Price To Sales Ratio5.896.948.088.128.288.058.738.05
Gross Margin59.5758.7556.7455.7758.1958.5356.5855.45
Operating Margin48.4146.5444.3145.0746.8347.5744.7645.16
Net Margin34.7433.2730.4330.8732.1932.9231.3631.57
Shares Outstanding705.70707.60710.40710.60712.10713.60715.00715.20
Market Capitalization199,151.35192,056.88220,784.91217,655.63216,857.12208,911.19223,176.18207,740.97

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments774.001,085.004,579.302,583.804,709.203,449.10898.50866.002,463.80
Short Term Receivables2,465.002,383.002,488.002,115.001,872.402,110.302,224.202,441.501,976.20
Inventories61.0056.0052.8052.0055.6051.1050.2051.1058.80
Other Current Assets863.001,074.00866.30673.40511.30632.70385.00694.60828.40
Total Current Assets4,163.004,598.007,986.405,424.207,148.506,243.203,557.904,053.205,327.20
Net Property, Plant & Equipment42,847.0038,634.0038,422.0036,339.3038,272.6038,785.9037,421.2022,842.7022,448.30
Total Investments and Advances2,948.002,750.001,271.201,093.201,438.101,333.001,471.001,206.601,253.10
Intangible Assets4,415.004,052.003,876.403,764.703,577.503,464.303,342.802,331.502,379.70
Deferred Tax Assets3,256.003,543.003,022.902,477.002,357.002,135.701,138.901,219.40867.90
Other Assets1,886.001,605.001,567.901,337.201,060.60664.70579.001,157.801,527.50
Total Assets59,515.0055,182.0056,146.8050,435.6053,854.3052,626.8047,510.8032,811.2033,803.70
Short Term Debt Incl. Current Port. of LT Debt694.00636.002,880.50661.10705.502,945.10680.100.000.00
Accounts Payable1,149.001,029.001,102.90980.201,006.80741.30988.201,207.90924.80
Income Tax Payable250.00361.00705.10274.90360.70741.10331.70228.30265.80
Other Current Liabilities2,268.001,835.002,170.501,885.901,947.001,753.701,621.001,537.301,700.00
Total Current Liabilities4,361.003,861.006,859.003,802.104,020.006,181.203,621.002,973.502,890.60
Long Term Debt54,120.0051,312.0050,210.6048,037.9048,643.6048,518.1046,875.9031,075.3029,536.40
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities1,038.001,914.001,680.901,997.502,075.602,025.601,318.101,215.501,119.40
Other Liabilities1,786.001,892.002,103.002,601.503,716.103,726.803,906.103,805.303,525.30
Total Liabilities61,305.0058,979.0060,853.5056,439.0058,455.3060,451.7055,721.1039,069.6037,071.70
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity-1,790.00-3,797.00-4,706.70-6,003.40-4,601.00-7,824.90-8,210.30-6,258.40-3,268.00
Total Shareholders Equity-1,790.00-3,797.00-4,706.70-6,003.40-4,601.00-7,824.90-8,210.30-6,258.40-3,268.00
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity-1,790.00-3,797.00-4,706.70-6,003.40-4,601.00-7,824.90-8,210.30-6,258.40-3,268.00
Total Liabilities & Stockholders Equity59,515.0055,182.0056,146.8050,435.6053,854.3052,626.8047,510.8032,811.2033,803.70
Book Value Per Share-2.52-5.31-6.44-8.06-6.17-10.50-11.00-8.16-4.12
Tangible Book Value Per Share-8.73-10.97-11.74-13.12-10.97-15.15-15.48-11.20-7.11
Full-Time Employees150,000150,000150,000150,000200,000200,000205,000210,000235,000
Price to Book Ratio-580.55-40.13-44.30-29.39-43.43-20.44-17.96-21.77-39.46
Return on Assets14.9314.7715.8911.8514.179.4515.0017.7916.02
Return on Invested Capital16.3617.3118.6114.7017.1311.6215.5823.8719.77
Quick Ratio0.941.181.161.411.761.000.971.351.82
Current Ratio0.951.191.161.431.781.010.981.361.84

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income8,995.008,563.008,223.008,468.806,177.407,545.204,730.506,025.405,924.30
Depreciation2,274.002,199.002,097.001,978.201,870.601,868.101,751.401,617.901,482.00
Other Funds (Non Cash)-381.00-191.00138.00-40.70329.00-297.70-11.0030.60-69.50
Funds from Operations10,936.0010,445.009,884.009,719.908,031.308,687.306,477.307,823.607,439.40
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital15.00106.00-438.00-108.00-644.60454.20-212.10298.50-472.70
Income Taxes Payable--239.00-292.00-220.30-546.70-302.50-43.60173.40-33.40
Cash from Operating Activities10,951.0010,551.009,446.009,611.907,386.709,141.506,265.208,122.106,966.70
Capital Expenditures-3,460.00-3,365.00-2,775.00-2,357.40-1,899.20-2,040.00-1,640.80-2,393.70-2,741.70
Net Assets From Acquisitions-332.00-354.00-669.00-441.20-807.00-374.20-66.10-540.90-101.70
Sale of Fixed Assets and Businesses772.00476.00433.00290.20484.80302.40103.70492.00691.20
Purchase or Sale of Investments0.000.00-1,837.000.000.000.000.000.000.00
Purchase of Investments0.000.00-1,837.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses-532.00-579.00-498.00-676.10-456.70-53.900.00-628.50-302.90
Other Sources0.000.000.000.000.000.0057.400.000.00
Cash from Investing Activities-3,553.00-3,822.00-5,346.00-3,184.50-2,678.10-2,165.70-1,545.80-3,071.10-2,455.10
Cash Dividends Paid-5,277.00-5,115.00-4,870.00-4,532.80-4,168.20-3,918.60-3,752.90-3,581.90-3,255.90
Change in Capital Stock-2,119.00-1,771.00-2,496.00-2,794.50-3,647.80-559.80-612.30-4,625.70-4,804.50
Repurchase of Common Pref Stock-2,343.00-2,056.00-2,824.00-3,054.30-3,896.00-845.50-907.80-4,976.20-5,207.70
Sale of Common Pref Stock224.00285.00328.00259.80248.20285.70295.50350.50403.20
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1,034.00-72.00-71.002,992.801,197.60-1,070.502,238.203,236.302,130.80
Change in Long Term Debt-1,735.00-78.00-397.002,780.001,172.10-1,085.603,131.302,437.102,034.90
Issuance of Long Term Debt1,149.004,724.002,380.005,221.103,374.501,154.405,543.004,499.003,794.50
Reduction of Long Term Debt-2,884.00-4,802.00-2,777.00-2,441.10-2,202.40-2,240.00-2,411.70-2,061.90-1,759.60
Net Financing Active Other Cash Flow-220.00-167.00-56.00-39.6038.20-46.70-122.00-23.50-20.00
Other Financing Activities Uses-220.00-167.00-56.00-39.600.00-46.70-122.00-23.50-20.00
Cash from Financing Activities-8,650.00-7,125.00-7,493.00-4,374.10-6,580.20-5,595.60-2,249.00-4,994.80-5,949.60
Exchange Rate Effect34.0086.00-101.00-57.80-253.80-120.1080.20-23.70-159.80
Net Change in Cash-1,218.00-310.00-3,494.001,995.50-2,125.401,260.102,550.6032.50-1,597.80
Free Cash Flow7,491.007,186.006,671.007,254.505,487.507,101.504,624.405,728.404,225.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow73.88105.72116.2079.78148.0763.32184.6970.42143.95
Deferred Taxes & Investment Tax Credit--126.00-574.00-686.40-345.70-428.306.40149.70102.60

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,193.00822.001,170.00774.002,413.001,876.00
Short Term Receivables2,483.002,485.002,432.002,465.002,579.002,550.00
Inventories59.0058.0061.0061.0055.0055.00
Other Current Assets988.00980.001,046.00863.001,032.001,120.00
Total Current Assets4,723.004,345.004,709.004,163.006,079.005,601.00
Net Property, Plant & Equipment43,245.0042,938.0042,758.0042,847.0041,771.0041,325.00
Total Investments and Advances3,056.002,999.002,972.002,948.002,971.002,827.00
Intangible Assets3,348.003,347.003,349.004,415.003,306.003,308.00
Deferred Tax Assets---3,256.00--
Other Assets6,285.006,290.006,249.001,886.006,481.006,492.00
Total Assets60,657.0059,920.0060,037.0059,515.0060,608.0059,555.00
Short Term Debt Incl. Current Port. of LT Debt686.00690.00707.00694.002,498.001,288.00
Accounts Payable1,084.001,114.001,091.001,149.00972.00838.00
Income Tax Payable47.00327.00391.00250.00367.0024.00
Other Current Liabilities2,011.001,887.001,957.002,268.002,242.002,148.00
Total Current Liabilities3,828.004,018.004,146.004,361.006,079.004,298.00
Long Term Debt53,849.0053,902.0054,174.0054,120.0053,320.0054,579.00
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities1,353.001,222.001,220.001,038.001,457.001,423.00
Other Liabilities1,969.001,799.001,783.001,786.001,915.002,015.00
Total Liabilities60,999.0060,941.0061,323.0061,305.0062,771.0062,315.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity-343.00-1,023.00-1,286.00-1,790.00-2,163.00-2,760.00
Total Shareholders Equity-343.00-1,023.00-1,286.00-1,790.00-2,163.00-2,760.00
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity-343.00-1,023.00-1,286.00-1,790.00-2,163.00-2,760.00
Total Liabilities & Stockholders Equity60,656.0059,918.0060,037.0059,515.0060,608.0059,555.00
Book Value Per Share-0.49-1.45-1.81-2.52-3.04-3.87
Tangible Book Value Per Share-5.23-6.18-6.52-8.73-7.68-8.50
Full-Time Employees---150,000--
Price to Book Ratio-580.55-149.32-123.38-100.62-78.57-60.48
Return on Assets14.8414.7114.9214.9314.4114.81
Return on Invested Capital4.654.473.754.144.454.35
Quick Ratio1.221.071.120.940.991.29
Current Ratio1.231.081.140.951.001.30

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income2,486.002,362.001,983.002,164.002,278.002,253.00
Depreciation567.00565.00566.00576.00559.00544.00
Other Funds (Non Cash)-215.00-12.00-32.00-122.00-14.00-28.00
Funds from Operations2,958.002,857.002,580.002,541.002,858.002,729.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital74.00-47.00-168.00156.00570.00-731.00
Cash from Operating Activities3,032.002,810.002,412.002,697.003,428.001,998.00
Capital Expenditures-885.00-834.00-682.00-1,059.00-1,011.00-744.00
Net Assets From Acquisitions-65.00-74.00-79.00-114.00-109.00-56.00
Sale of Fixed Assets and Businesses254.00159.00106.00253.00124.0045.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses-139.00-122.00-122.00-149.00-116.00-114.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-836.00-871.00-777.00-1,069.00-1,112.00-870.00
Cash Dividends Paid-1,314.00-1,317.00-1,323.00-1,323.00-1,262.00-1,264.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-506.00-841.00-268.00-504.00-473.00-464.00
Repurchase of Common Pref Stock-519.00-855.00-396.00-573.00-501.00-505.00
Sale of Common Pref Stock13.0014.00128.0069.0028.0041.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net55.00-88.00367.00-1,368.00-17.001,300.00
Change in Long Term Debt-145.00-580.001,158.00-2,168.00582.00703.00
Issuance of Long Term Debt0.000.001,159.00-10.001,833.001,403.00
Reduction of Long Term Debt-145.00-580.00-1.00-2,158.00-1,251.00-700.00
Net Financing Active Other Cash Flow-32.00-141.00-1.00-46.00-34.00-127.00
Other Financing Activities Uses-32.00-141.00-1.00-46.00-34.00-87.00
Cash from Financing Activities-1,797.00-2,387.00-1,225.00-3,241.00-1,786.00-555.00
Exchange Rate Effect-27.0099.00-14.00-24.006.0065.00
Net Change in Cash372.00-349.00396.00-1,637.00536.00638.00
Free Cash Flow2,147.001,976.001,730.001,638.002,417.001,254.00
Price to Free Cash Flow73.8875.80118.77105.4094.14110.23

Revenue breakdown

Retail-Eating Places2024: 25.92B 2025: 26.89B
International Developmental Licensed Markets and Corporate2024: 2.66B 2025: 2.43B
International Operated Markets2024: 12.63B 2025: 13.63B
United States2024: 10.63B 2025: 10.83B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.65%11.7M707.3M5.30M
2026-10-151.90%13.5M707.3M5.18M
2026-09-301.95%13.8M707.3M4.95M
2026-09-151.72%12.2M707.3M4.59M
2026-08-311.74%12.3M707.2M4.60M
2026-08-141.56%11.1M707.2M4.58M
2026-07-311.73%12.3M710.1M4.55M
2026-07-151.61%11.5M710.1M4.39M
2026-06-301.55%11.0M710.1M4.08M
2026-06-151.50%10.7M709.8M3.79M
2026-05-291.33%9.5M710.1M3.56M
2026-05-151.46%10.3M710.2M3.46M
2026-04-301.40%9.9M710.2M3.35M
2026-04-151.17%8.3M710.5M3.26M
2026-03-311.29%9.2M710.1M3.35M
2026-03-131.29%9.2M710.1M3.25M
2026-02-271.30%9.2M710.1M3.36M
2026-02-131.23%8.7M710.1M3.32M
2026-01-301.13%8.0M711.9M3.26M
2026-01-151.09%7.7M711.9M3.17M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call160121.15123.5120.263.8201050.000.999-0.0190.001
call165116.2118.5115.283.64152.000.000.999-0.0190.001
call170111.1113.5109.883.4667.000.000.999-0.0200.001
call175106.2108.5105.243.29614.000.000.999-0.0200.001
call180101.1103.15100.262.94742.000.000.999-0.0200.001
call18596.2098.5095.952.9689.004.000.999-0.0210.001
call19091.2093.5090.972.80915.004.000.999-0.0210.001
call19586.2088.5085.072.65519.000.000.999-0.0220.001
call20081.0083.5080.062.50329.000.000.999-0.0220.001
call20576.2078.0574.152.15911.004.000.999-0.0220.001
call21071.2073.5070.992.20812.002.000.998-0.0390.002
call21566.1068.0566.091.88713.0022.000.997-0.0390.002
call217.563.7066.0063.601.9939.008.000.997-0.0390.002
call22061.0063.5061.111.9236.0024.000.997-0.0390.002
call222.558.5061.0058.581.85318.0086.000.997-0.0390.002
call22556.0558.5056.471.78317.0088.000.997-0.0390.002
call227.553.7056.0052.811.71426.000.000.993-0.0920.005
call23051.0053.5051.491.64534.002.000.992-0.0920.005
call232.548.7050.5547.811.43020.000.000.992-0.0910.005
call23546.0048.5047.001.50845.003.000.992-0.0910.006
call237.543.7546.0542.941.4548.000.000.991-0.0900.006
call24041.4043.0539.331.23997.000.000.991-0.0890.006
call242.538.5540.6036.701.19225.0015.000.990-0.0890.006
call24536.0038.5537.751.2501083.000.990-0.0880.007
call247.533.7035.6035.011.06527.001.000.985-0.1180.009
call25031.1533.1031.611.00232615.000.984-0.1170.010
call252.528.7030.6030.700.93849.0035.000.982-0.1250.011
call25526.1528.1027.730.8992704.000.979-0.1300.012
call257.524.0025.6021.410.81162.001.000.975-0.1420.014
call26021.2523.5522.050.84036915.000.968-0.1690.018
call262.518.6021.1020.200.78099.001.000.959-0.1900.022
call26516.2518.4517.890.6832964.000.943-0.2390.029
call267.513.6515.6514.400.5592382.000.936-0.2290.031
call27011.4513.2512.000.52328013.000.911-0.2700.040
call272.59.0010.6511.250.4351701.000.875-0.3190.051
call2756.758.258.250.37543374.000.822-0.3710.065
call277.54.856.105.930.32844031.000.744-0.4250.080
call2803.154.103.460.2904331210.624-0.4930.094
call282.52.132.512.250.2682912770.488-0.5120.099
call2851.151.451.250.2628101,4910.359-0.4930.093
call287.50.550.940.610.2563361330.243-0.4120.078
call2900.290.440.310.2737832590.178-0.3790.065
call292.50.100.250.200.2855051200.122-0.3090.050
call2950.080.100.090.28151621.000.074-0.2150.035
call297.50.010.180.070.3223322670.060-0.1990.029
call3000.020.080.100.3524241510.045-0.1700.024
call302.50.010.230.030.39039.0040.000.036-0.1500.020
call3050.000.530.020.42849.000.000.030-0.1380.017
call307.50.000.550.000.4660.000.000.024-0.1200.014
call3100.000.230.010.4424.000.000.009-0.0470.006
call3150.000.540.000.5070.000.000.007-0.0450.005
call3200.000.540.000.5700.000.000.007-0.0460.005
call3250.000.540.000.6320.000.000.006-0.0470.004
call3300.000.540.000.6910.000.000.006-0.0480.004
call3350.000.530.000.7500.000.000.005-0.0490.004
call3400.000.210.090.7244.000.000.002-0.0200.002
call3450.000.230.040.77512.000.000.002-0.0200.001
call3500.000.210.010.82533.000.000.002-0.0200.001
call3550.000.220.080.87414.000.000.002-0.0200.001
call3600.000.210.000.9224.000.000.002-0.0200.001
put1600.000.050.202.07220.000.00-0.001-0.0220.001
put1650.000.220.241.9662.000.00-0.001-0.0220.001
put1700.000.220.331.8633.000.00-0.001-0.0210.001
put1750.000.220.251.7632.000.00-0.001-0.0210.001
put1800.000.050.241.4301.000.00-0.001-0.0160.001
put1850.000.540.001.5700.000.00-0.001-0.0210.001
put1900.000.540.101.4782.000.00-0.001-0.0210.001
put1950.000.540.021.37834.000.00-0.001-0.0200.001
put2000.000.050.051.29817.000.00-0.001-0.0210.001
put2050.000.120.051.21221.000.00-0.001-0.0200.001
put2100.000.130.131.18970.000.00-0.002-0.0360.002
put2150.000.530.101.11144.002.00-0.002-0.0360.002
put217.50.000.540.151.0697.002.00-0.002-0.0360.002
put2200.000.540.021.0263770.00-0.003-0.0360.002
put222.50.000.540.020.9849.000.00-0.003-0.0360.002
put2250.000.020.020.89867412.00-0.003-0.0330.002
put227.50.000.540.091.0156.000.00-0.007-0.0880.005
put2300.000.200.120.9691640.00-0.007-0.0870.005
put232.50.000.540.260.92418.000.00-0.008-0.0860.005
put2350.000.540.220.8781500.00-0.008-0.0850.006
put237.50.000.540.030.83340.000.00-0.009-0.0840.006
put2400.000.540.070.7883650.00-0.009-0.0840.006
put242.50.000.510.250.74252.000.00-0.009-0.0830.006
put2450.000.060.050.6993141.00-0.010-0.0820.007
put247.50.000.550.010.69042.000.00-0.015-0.1120.009
put2500.000.090.020.6465252.00-0.015-0.1100.010
put252.50.000.100.030.6074881.00-0.018-0.1180.011
put2550.000.230.010.5617052.00-0.020-0.1230.012
put257.50.000.250.040.51459.000.00-0.025-0.1370.015
put2600.000.220.050.4684201.00-0.033-0.1650.018
put262.50.020.100.050.4232452.00-0.041-0.1820.022
put2650.020.270.030.40419661.00-0.057-0.2300.029
put267.50.040.150.150.35423870.00-0.064-0.2200.031
put2700.100.180.180.31533442.00-0.085-0.2510.039
put272.50.160.330.250.303246106-0.120-0.2980.050
put2750.340.560.530.287529249-0.172-0.3510.063
put277.50.800.970.920.274226125-0.256-0.4150.080
put2801.441.941.630.294275237-0.376-0.4830.094
put282.52.413.252.900.31284.00120-0.511-0.5010.099
put2853.855.004.400.34324.0023.00-0.641-0.4830.093
put287.55.706.850.000.3593.000.00-0.756-0.4010.078
put2907.359.307.950.4314.000.00-0.822-0.3670.065
put292.510.1511.600.000.4750.000.00-0.877-0.2970.050
put29511.9014.1033.850.5411.000.00-0.922-0.2120.036
put297.514.1016.450.000.5800.000.00-0.940-0.1870.029
put30016.6519.1517.500.6583.005.00-0.955-0.1580.024
put302.519.1521.450.000.6970.000.00-0.964-0.1370.020
put30521.6524.150.000.7900.000.00-0.970-0.1250.017
put307.524.1526.800.000.8560.000.00-0.976-0.1050.014
put31026.6529.850.001.0250.000.00-0.991-0.0340.006
put31531.6534.050.000.9850.000.00-0.992-0.0310.005
put32037.2539.150.001.1060.000.00-0.993-0.0320.005
put32541.6544.000.001.1680.000.00-0.994-0.0320.004
put33046.6549.0049.771.2600.000.00-0.994-0.0330.004
put33551.6553.9554.751.3080.000.00-0.995-0.0330.004
put34056.6559.100.001.4620.000.00-0.998-0.0030.002
put34561.6564.050.001.5340.000.00-0.998-0.0030.001
put35066.6568.9569.011.5557.0044.00-0.998-0.0020.001
put35571.6574.0573.991.6657.0044.00-0.998-0.0020.001
put36076.6579.000.001.7590.000.00-0.998-0.0010.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-09FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-11-0610-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-048-KCurrent report2026-11-04SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-09-238-KCurrent report2026-09-23SEC
2026-08-143Initial statement of beneficial ownership of securities2026-08-04SEC
2026-08-114Statement of changes in beneficial ownership of securities2026-08-07SEC
2026-08-07SCHEDULE 13GSEC
2026-08-0710-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-048-KCurrent report2026-08-03SEC
2026-08-048-KCurrent report2026-08-04SEC
2026-07-22SCHEDULE 13G/ASEC
2026-07-024Statement of changes in beneficial ownership of securities2026-03-31SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-03-31SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-03-31SEC
2026-06-1811-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-10144Filing for proposed sale of securities under Rule 144.SEC
2026-06-104Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-014Statement of changes in beneficial ownership of securities2026-05-28SEC
2026-05-28SDSpecialized Disclosure ReportSEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-26SEC
2026-05-26144Filing for proposed sale of securities under Rule 144.SEC
2026-05-228-KCurrent report2026-05-20SEC
2026-05-13SCHEDULE 13GSEC
2026-05-12SCHEDULE 13GSEC
2026-05-0710-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-06001.49M1
2026-0500862.39K2
2026-0400906.99K2
2026-03001.16M3
2026-020022.05M6
2026-0100805.08K1
2025-12003.01M3
2025-110010.23M3

Institutional holders

Manager% owned
BlackRock, Inc.7.80%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
STATE STREET CORP5.08%
JPMORGAN CHASE & CO4.49%
GEODE CAPITAL MANAGEMENT, LLC2.96%
VANGUARD PORTFOLIO MANAGEMENT LLC2.64%
MORGAN STANLEY2.12%
BANK OF AMERICA CORP /DE/1.55%
NORGES BANK1.39%
PRICE T ROWE ASSOCIATES INC /MD/1.27%

Funds

Fund% owned
VOYA INTERMEDIATE BOND FUND7.04%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND6.20%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.17%
VANGUARD LONG-TERM INVESTMENT-GRADE FUND2.82%
VANGUARD 500 INDEX FUND2.59%
JPMorgan Managed Income Fund2.16%
Ultra-Short Fixed Income Fund2.11%
VANGUARD TOTAL BOND MARKET INDEX FUND2.03%
VANGUARD TOTAL BOND MARKET II INDEX FUND1.98%
iShares iBoxx $ Investment Grade Corporate Bond ETF1.92%

OakChart. MCD. Cached 15 minutes.