McDonald's Corp

McDonald's Corp maintains a capital structure characterized by significant leverage and negative total equity. The company reports total assets of $59.5 billion against total equity of -$1.8 billion, resulting in a debt-to-equity ratio of -22.32. Long-term debt stands at $40.0 billion, while cash and equivalents are limited to $0.8 billion, leading to a negative net cash position. The enterprise value to EBITDA multiple is 3.16, and the EV-to-revenue ratio is 1.46, suggesting a valuation that may reflect the heavy debt load or specific accounting treatments rather than pure operational multiples. The price-to-earnings ratio is reported as 0.0, which is anomalous for a profitable entity and likely indicates a data processing error or specific accounting adjustment in the earnings calculation.

Profitability metrics show strong operational efficiency despite the balance sheet structure. Operating income is $12.4 billion on revenue of $26.9 billion, yielding a robust operating margin. Net income is $8.6 billion, resulting in a return on assets of 14.4%. However, the return on equity is negative at -4.78%, a direct consequence of the negative equity base. The company generates substantial operating cash flow of $10.6 billion, which exceeds capital expenditures of $3.4 billion, providing ample free cash flow to service its debt obligations.

Segment and geographic data are not provided in the current input, preventing a detailed analysis of revenue concentration by business line or region. The company's global footprint is implied by its ticker and name, but specific exposure to key markets such as the United States, Europe, or Asia cannot be quantified from the available data.

Growth trajectory analysis is limited due to the absence of historical period data. Without five-year annual or eight-quarter quarterly revenue and net income trends, it is not possible to assess the momentum of top-line growth or earnings expansion. The current financial snapshot provides a static view of performance but lacks the temporal depth required for trend reasoning.

Risk assessment indicates medium liquidity risk and low dilution risk. The key flag notes that net cash is negative after subtracting total debt, highlighting the company's reliance on debt financing. The negative equity position amplifies financial risk, although the strong operating cash flow provides a buffer against immediate solvency concerns. The low dilution risk suggests that the company is not currently issuing significant new shares, preserving value for existing shareholders.

Recent events are reflected in analyst estimates, which show a mean price target of $330.52 and a median target of $327.50, implying upside from the current market price of $271.13. The mean recommendation is 2.27, with 7 strong buys, 14 buys, and 15 holds, indicating a generally positive but cautious sentiment among analysts. No specific filing, news, or transcript observations are provided to detail recent corporate actions or strategic shifts.

McDonald's Corp (MCD.O) has recorded its first analysis in the current dataset, establishing a baseline for future monitoring with no prior basis for delta computation. This initial snapshot captures the company's structural profile, including its membership in two indices and a shareholder base comprising 39 top holders, though specific analyst coverage and officer counts are currently unreported in this view. The most material development involves significant volatility in the holdings of investor ID 587, flagged as a major severity event. Data detected on June 24, 2026, indicates a substantial increase in this investor's position, with shares rising to 2,590,740, representing a portfolio weight of approximately 46.49% and a value of $805.18 million as of March 31, 2026. However, a subsequent detection on June 26, 2026, reveals a dramatic reversal in the same investor's stance. The records show the position was modified down to just 22,659 shares, reducing the weight to roughly 0.004% and the value to $7.04 million for the same March 31, 2026 reporting period. This rapid succession of conflicting major holder changes highlights significant data instability or extreme trading activity associated with this specific investor ID. These holder fluctuations underscore the importance of verifying data integrity when assessing ownership concentration for McDonald's. With no cross-source signals or sagas to corroborate these movements, the conflicting reports for investor ID 587 remain an isolated anomaly within the initial analysis framework, warranting caution in interpreting the stability of the company's top holder composition.

Analysts project 28.2% upside to a mean price target of $347.51, reflecting strong consensus buy recommendations from 38 analysts.

Revenue is projected to grow at a 3.7% CAGR through 2026, indicating consistent top-line expansion over the forecast period.

The company faces medium liquidity risk and a current ratio of 0.95, indicating potential short-term solvency pressures.

Return on equity stands at -4.8%, placing McDonald's in the bottom quartile of its peer cohort.

High leverage is evident with a net debt-to-EBITDA ratio of 3.11 and a debt-to-equity ratio of -22.72.

Cash conversion efficiency is below the cohort median at 1.23 versus 1.35, suggesting weaker cash generation relative to earnings.

Revenue $6.52B, +9,4% YoY; Operating income +11,5% YoY.

• ▍Revenue $6.52B, +9,4% YoY
• ▍Operating income +11,5% YoY
• ▍Net income +6,1% YoY
• ▍Free cash flow −4,9% YoY
• ▍Net margin 30.4%

Revenue $7.01B, +9,7% YoY; Operating income +10,0% YoY.

• ▍Revenue $7.01B, +9,7% YoY
• ▍Operating income +10,0% YoY
• ▍Net income +7,2% YoY
• ▍Free cash flow −27,9% YoY
• ▍Net margin 30.9%

Revenue $7.08B, +3,0% YoY; Operating income +5,3% YoY.

• ▍Revenue $7.08B, +3,0% YoY
• ▍Operating income +5,3% YoY
• ▍Net income +1,0% YoY
• ▍Free cash flow −29,1% YoY
• ▍Net margin 32.2%

Revenue $6.84B, +5,4% YoY; Operating income +10,7% YoY.

• ▍Revenue $6.84B, +5,4% YoY
• ▍Operating income +10,7% YoY
• ▍Net income +11,4% YoY
• ▍Free cash flow +13,0% YoY
• ▍Net margin 32.9%

Revenue $5.96B; Operating income $2.65B.

• ▍Revenue $5.96B
• ▍Operating income $2.65B
• ▍Net margin 31.4%

Revenue $6.39B; Operating income $2.87B.

• ▍Revenue $6.39B
• ▍Operating income $2.87B
• ▍Net margin 31.6%

Revenue $6.87B; Operating income $3.19B.

• ▍Revenue $6.87B
• ▍Operating income $3.19B
• ▍Net margin 32.8%

Revenue $6.49B; Operating income $2.92B.

• ▍Revenue $6.49B
• ▍Operating income $2.92B
• ▍Net margin 31.2%

Revenue $26.89B, +3,7% YoY; Operating income +5,8% YoY.

• ▍Revenue $26.89B, +3,7% YoY
• ▍Operating income +5,8% YoY
• ▍Net income +4,1% YoY
• ▍Free cash flow −19,1% YoY
• ▍Net margin 31.9%

Revenue $25.92B, +1,7% YoY; Operating income +0,6% YoY.

• ▍Revenue $25.92B, +1,7% YoY
• ▍Operating income +0,6% YoY
• ▍Net income −2,9% YoY
• ▍Free cash flow −32,5% YoY
• ▍Net margin 31.7%

Revenue $25.49B, +10,0% YoY; Operating income +31,8% YoY.

• ▍Revenue $25.49B, +10,0% YoY
• ▍Operating income +31,8% YoY
• ▍Net income +37,1% YoY
• ▍Free cash flow +96,9% YoY
• ▍Net margin 33.2%

Revenue $23.18B, −0,2% YoY; Operating income −14,7% YoY.

• ▍Revenue $23.18B, −0,2% YoY
• ▍Operating income −14,7% YoY
• ▍Net income −18,1% YoY
• ▍Free cash flow −49,8% YoY
• ▍Net margin 26.6%