McDonald's will tell you it's in the burger business. It's lying. McDonald's is in the real estate business. It owns the corners. It owns the land. It rents them to people who paid for the right to cook its burgers — and collects rent whether they sell one meal or a million.
$139.4B
Systemwide Sales
+3.1%
Global Comparable Sales
45,356
Total Restaurants
~95%
Franchised % of Revenue
$10.6B
Cash from Operations
$3.4B
Capital Expenditures
$7.1B
Shareholder Returns
20.3%
ROIC
70
Loyalty Program Markets
~41,000 restaurants
Delivery Availability
$40.0B
Total Debt
84%
Free Cash Flow Conversion
2,276
New Restaurants Opened
$7.44/share
Annual Dividend
10-K · Feb. 24, 2026