Company / Operating Margin
McDonald's Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
46.1%
FY2025
5-year range
40.4% / 46.1%
FY2021-FY2025
Trend
+2.0%
vs FY2024
Sector context
#2 of 195
Consumer Discretionary
What the data says
Among 195 Consumer Discretionary companies, McDonald's is in the top 1% for operating margin. Operating Margin has fluctuated over the past 10 years, ranging from 28.1% in FY2017 to 46.1% in FY2025.
Based on SEC 10-K filings.
46.1% in FY2025 with a 5-year CAGR of +4.6%. Ranks 2nd among 195 companies in Consumer Discretionary.
Remained stable around 46.1% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +5.7pp
- 5-Year Change
- +4.6pp
- 10-Year Change
- -
Sector benchmark
+1185.4% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 2.0% year-over-year.
- Currently 42.5pp above the Consumer Discretionary sector average.
- Lowest operating margin in the period was in FY2017.
Company context
Key Data Points
- Altman Z-Score 1.08 (distress zone, below 1.8 threshold)
- Strong profit margin: 32.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 46.1% | +2.0% |
| FY2024 | 45.2% | -1.1% |
| FY2023 | 45.7% | +13.0% |
| FY2022 | 40.4% | -4.8% |
| FY2021 | 42.4% | +2.3% |
| FY2020 | 41.5% | -0.9% |
| FY2019 | 41.9% | +33.1% |
| FY2018 | 31.4% | +11.8% |
| FY2017 | 28.1% | -2.9% |
| FY2016 | 29.0% | -7.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026