MCDONALDS CORP (MCD) closed fiscal year 2025 with a gross margin of 57.4 % and a net margin of 31.9 %.
MCDONALDS CORP (MCD) closed fiscal year 2025 with a gross margin of 57.4 % and a net margin of 31.9 %. The same year shows an EBITDA margin of 54.3 % and an EBIT margin of 46.1 %. The free cash flow margin was 26.7 %. Against the previous year the gross margin moved +0.7 pp and the net margin +0.1 pp. Across the period the gross margin ranges between 56.8 % in 2024 and 57.4 % in 2025. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 56.97 % | 57.13 % | 56.75 % | 57.41 % |
| EBITDA margin (%) | 22.35 % | 32.53 % | 35.42 % | 36.34 % | 36.82 % | 36.61 % | 36.82 % | 34.96 % | 34.24 % | 37.61 % | 47.83 % | 48.47 % | 50.03 % | 47.25 % | 52.64 % | 48.49 % | 53.44 % | 53.28 % | 54.28 % |
| EBIT margin (%) | 17.02 % | 27.39 % | 30.08 % | 31.04 % | 31.58 % | 31.21 % | 31.18 % | 28.97 % | 28.12 % | 31.45 % | 41.86 % | 41.50 % | 42.45 % | 38.13 % | 44.59 % | 40.42 % | 45.69 % | 45.19 % | 46.10 % |
| Net margin (%) | 10.51 % | 18.34 % | 20.01 % | 20.55 % | 20.38 % | 19.82 % | 19.87 % | 17.34 % | 17.82 % | 19.03 % | 22.75 % | 27.87 % | 28.20 % | 24.63 % | 32.49 % | 26.64 % | 33.22 % | 31.72 % | 31.85 % |
| FCF margin (%) | 12.86 % | 16.08 % | 16.70 % | 17.47 % | 16.37 % | 14.21 % | 15.29 % | 15.11 % | 18.59 % | 17.21 % | 16.20 % | 19.87 % | 26.81 % | 24.08 % | 30.58 % | 23.67 % | 28.46 % | 25.74 % | 26.73 % |
