NYSE:MCD - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	28,601	9,496	10,049	12,517	19
12/31/2025	27,043	8,928	8,582	10,799	31
12/31/2024	26,066	8,281	7,871	9,543	30
9/30/2024	25,939	8,246	6,580	9,305	N/A
6/30/2024	25,758	8,307	7,096	9,597	N/A
3/31/2024	25,765	8,596	7,181	9,582	N/A
12/31/2023	25,494	8,469	7,255	9,612	N/A
9/30/2023	25,014	8,333	7,196	9,324	N/A
6/30/2023	24,194	7,998	6,639	8,729	N/A
3/31/2023	23,415	6,875	5,672	7,673	N/A
12/31/2022	23,183	6,177	5,488	7,387	N/A
9/30/2022	23,265	5,913	5,794	7,852	N/A
6/30/2022	23,594	6,081	6,008	8,036	N/A
3/31/2022	23,764	7,112	7,078	9,151	N/A
12/31/2021	23,223	7,545	7,102	9,142	N/A
9/30/2021	22,528	7,284	6,652	8,468	N/A
6/30/2021	21,744	6,896	7,085	8,790	N/A
3/31/2021	19,618	5,161	5,316	6,843	N/A
12/31/2020	19,208	4,731	4,624	6,265	N/A
9/30/2020	19,322	4,926	4,252	6,162	N/A
6/30/2020	19,406	4,771	3,441	5,509	N/A
3/31/2020	21,055	5,804	5,287	7,648	N/A
12/31/2019	21,364	6,025	5,728	8,122	N/A
9/30/2019	21,099	5,869	5,209	7,744	N/A
6/30/2019	20,966	5,898	5,238	7,929	N/A
3/31/2019	20,910	5,877	4,638	7,342	N/A
12/31/2018	21,258	5,924	4,225	6,967	N/A
9/30/2018	21,202	5,208	4,056	6,564	N/A
6/30/2018	21,588	5,454	N/A	5,778	N/A
3/31/2018	22,283	5,353	N/A	5,652	N/A
12/31/2017	22,820	5,192	N/A	5,551	N/A
9/30/2017	23,509	5,687	N/A	5,257	N/A
6/30/2017	24,179	5,079	N/A	5,823	N/A
3/31/2017	24,394	4,777	N/A	5,858	N/A
12/31/2016	24,622	4,687	N/A	6,060	N/A
9/30/2016	24,934	4,699	N/A	6,623	N/A
6/30/2016	25,125	4,733	N/A	6,320	N/A
3/31/2016	25,358	4,843	N/A	6,585	N/A
12/31/2015	25,413	4,529	N/A	6,539	N/A
9/30/2015	25,644	4,421	N/A	6,664	N/A
6/30/2015	26,016	4,180	N/A	6,549	N/A
3/31/2015	26,700	4,365	N/A	6,523	N/A
12/31/2014	27,441	4,758	N/A	6,730	N/A
9/30/2014	27,962	5,057	N/A	7,101	N/A
6/30/2014	28,299	5,511	N/A	7,318	N/A
3/31/2014	28,201	5,521	N/A	7,341	N/A
12/31/2013	28,106	5,586	N/A	7,121	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCD's forecast earnings growth (6.6% per year) is above the savings rate (2.6%).

Earnings vs Market: MCD's earnings (6.6% per year) are forecast to grow slower than the US market (15.2% per year).

High Growth Earnings: MCD's earnings are forecast to grow, but not significantly.

Revenue vs Market: MCD's revenue (4.6% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: MCD's revenue (4.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if MCD's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 22:54
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

McDonald's Corporation is covered by 67 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jim Marrone	Accountability Research Corporation
John Staszak	Argus Research Company
David Tarantino	Baird

McDonald's Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Analysts Have Made A Financial Statement On McDonald's Corporation's (NYSE:MCD) First-Quarter Report

Earnings Update: McDonald's Corporation (NYSE:MCD) Just Reported Its Full-Year Results And Analysts Are Updating Their Forecasts

Recent updates

McDonald's: Investors Will Get A Lot Of Stomach Pain Here

McDonald's Corporation's (NYSE:MCD) Price Is Out Of Tune With Earnings

Upcoming dividend of US$1.77 per share

McDonald's Stalled SSS Can't Be Stopped By 'McRib' And 'McValue'

McDonald's: A Mixed Performance Over The Past Few Months

New major risk - Financial position

McDonald's (NYSE:MCD) Is Paying Out A Larger Dividend Than Last Year

Mcdonald's Corporation Declares Quarterly Cash Dividend

Third quarter 2024 earnings: EPS misses analyst expectations

McDonald's: E. Coli Is Not A Nothingburger, But There Is More To This Correction

Ron Simon and Associates Files the Second Lawsuit Against McDonald's in the E. Coli Outbreak

McDonald's: $5 Meal Deals Not Enough To Convince Discerning Customers

A Look At The Fair Value Of McDonald's Corporation (NYSE:MCD)

Wall Street Lunch: McDonald's Starts A Beef

Dividend of US$1.77 announced

Chairman & CEO recently sold US$5.5m worth of stock

Chairman & CEO recently sold US$1.2m worth of stock

McDonald's: Shares Getting Closer To The Tipping Point (Downgrade)

Chairman & CEO notifies of intention to sell stock

EVP & President of McDonald's USA recently sold US$317k worth of stock

Upcoming dividend of US$1.67 per share

McDonald's: Dividend Aristocrat With A Rent-And-Royalty Business Model

McDonald's And Its Real Value

Now 21% undervalued

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Here's Why McDonald's (NYSE:MCD) Has Caught The Eye Of Investors

McDonald's: Shares Have Likely Bottomed

First quarter dividend of US$1.67 announced

McDonald's Corporation Announces Executive Changes, Effective October 1, 2024

McDonald's Announces Quarterly Cash Dividend, Payable on September 17, 2024

McDonald's Earnings Preview: Better Bet On A Buy After Q2

PAR Technology Corporation (NYSE:PAR) completed the acquisition of TASK Group Holdings Limited (ASX:TSK).

A Look At The Fair Value Of McDonald's Corporation (NYSE:MCD)

PAR Technology Corporation (NYSE:PAR) completed the acquisition of TASK Group Holdings Limited (ASX:TSK).

McDonald's: Very Palatable At Current Price

Why I Think McDonald's Stock Is A GARP Opportunity

Why We Like The Returns At McDonald's (NYSE:MCD)

McDonald's High Dividend Yield Meets High Food Price Inflation

High number of new directors

First quarter dividend of US$1.67 announced

McDonald's Corporation Announces Quarterly Cash Dividend, Payable on June 17, 2024

Executive VP exercised options and sold US$1.5m worth of stock

McDonald's: The $5 Happy Meal Is Unlikely To Move The Needle

Analysts Have Made A Financial Statement On McDonald's Corporation's (NYSE:MCD) First-Quarter Report

First quarter 2024 earnings: EPS misses analyst expectations

McDonald's Dips: Earnings May Present A Golden Opportunity

McDonald's: Fantastic Dip-Buying Opportunity Has Returned (Upgrade)

With EPS Growth And More, McDonald's (NYSE:MCD) Makes An Interesting Case

McDonald's Corporation, Annual General Meeting, May 22, 2024

McDonald's Corporation, Annual General Meeting, May 22, 2024

McDonald's Corporation (NYSE:MCD) signed an agreement to acquire Alonyal Ltd. from Omri Padan.

Shareholders Are Optimistic That McDonald's (NYSE:MCD) Will Multiply In Value

McDonald's: Headwinds From Middle East Conflict

McDonald's Corporation Announces Board Changes

McDonald's Corporation Announces Retirement of Catherine A. Hoovel as Senior Vice President – Corporate Controller, Principal Accounting Officer, Effective October 1, 2024

Estimating The Fair Value Of McDonald's Corporation (NYSE:MCD)

McDonald's: The Reasons We Are Turning More Bullish

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

McDonald's: Betting On The Fastest Expansion Phase In The Company's History

President exercised options and sold US$8.2m worth of stock

Upcoming dividend of US$1.67 per share

Fourth quarter dividend of US$1.67 announced

Earnings Update: McDonald's Corporation (NYSE:MCD) Just Reported Its Full-Year Results And Analysts Are Updating Their Forecasts

McDonald's Announces Quarterly Cash Dividend, Payable on March 15, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

McDonald's Q4: Solid Quarter But Stock Maybe Close To A Top

McDonald's Corporation's (NYSE:MCD) Share Price Could Signal Some Risk

McDonald's CosMc's Suggests Upside Potential

What CosMc's May Deliver And Why In 2024 I May Replace Starbucks With McDonald's

McDonald's: New Growth Strategy Review

McDonald's: Bright Future Through China Expansion And Digital Triumphs

Upcoming dividend of US$1.67 per share at 2.4% yield

McDonald's Corporation (NYSE:MCD) agreed to acquire additional 28% stake in McDonald's China Management Limited from The Carlyle Group Inc. (NasdaqGS:CG).