MCDONALDS CORP（MCD）の決算・業績分析
MCDONALDS CORPの2025年有価証券報告書をAI分析。売上高$26.9B(+3.7%)。営業利益$12.4B。Consumer Discretionary。
目次
MCDONALDS CORPの2025年度 業績サマリー
MCDONALDS CORP（証券コード: MCD）の2025年度決算・業績分析。売上高は$26.9B（前年比+3.7%）。営業利益は$12.4B（前年比+5.8%）。純利益は$8.6B（前年比+4.1%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
MCDONALDS CORPの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue declined slightly to $23.2B (-0.2% YoY), driven by global comparable sales down 0.1% (10-K).
- Operating income fell 9.5% YoY to $9.4B, impacted by restructuring charges, impairment from South Korea and Israel, and regional economic factors (10-K).
- Net income dropped 18.1% YoY to $6.2B, reflecting non-operating charges and reduced profitability (10-K).
- Net debt rose to $32.6B (3.3x EBITDA), despite $5.5B in free cash flow (XBRL).
- Shareholders received $8.1B in returns ($4.2B dividends + $3.9B buybacks) (XBRL).
MCDONALDS CORPの売上高変化の要因
- •Total revenue for FY2024 was $23.2B, a -0.2% YoY decline (XBRL). The decrease was attributed to global comparable sales down 0.1%, with U.S. growth offset by declines in International Operated Markets (-0.2%) and International Developmental Licensed Markets (-0.3%) (10-K). Specific segment revenue figures are not disclosed in the XBRL data or 10-K text (N/A). Historical data shows revenue growth of 3.7% CAGR over five years (XBRL).
MCDONALDS CORPの営業利益変化の要因
- •Operating income fell 9.5% YoY to $9.4B, with operating margin at 40.4% (XBRL). Net income declined 18.1% YoY to $6.2B, with net margin at 26.6% (XBRL). The decline in profitability was driven by restructuring charges, transaction costs, impairment charges from South Korea and Israel, and impacts from the Middle East war and China (10-K). EBITDA remained strong at $9.7B (42.0% of revenue) (XBRL).
MCDONALDS CORPの事業リスクと対応
Failure to execute growth strategies could harm financial performance (10-K).
Brand value erosion due to changing consumer perceptions or incidents (10-K).
Inability to adapt to industry trends and consumer preferences (10-K).
Legal/regulatory risks from litigation, government investigations, or compliance issues (10-K).
Franchisee/partner actions damaging brand reputation (10-K).
Geopolitical risks, including the Middle East war and hyperinflation in certain markets (10-K).
Technology disruption and evolving consumer preferences (10-K).
MCDONALDS CORPの今後の見通し・業績予想
MCDONALDS CORPの事業内容
McDonald's Corp operates as a global fast-food restaurant chain, primarily through franchising and company-owned locations. Its revenue model relies on franchise fees, royalties, and direct sales of food and beverages. Key products include burgers, fries, beverages, and limited-time offerings. The company faces competition from other quick-service restaurants (QSRs) and fast-casual chains, though specific competitors are not named in the 10-K. McDonald's emphasizes brand strength, operational efficiency, and digital innovation as competitive advantages. The 10-K highlights risks related to adapting to consumer preferences and technology disruption.
MCDONALDS CORPのAI業績分析レポート（2024年度）
McDonald's Corp (MCD) FY2024 Annual Report Analysis
Highlights
Business Overview
McDonald's Corp operates as a global fast-food restaurant chain, primarily through franchising and company-owned locations. Its revenue model relies on franchise fees, royalties, and direct sales of food and beverages. Key products include burgers, fries, beverages, and limited-time offerings. The company faces competition from other quick-service restaurants (QSRs) and fast-casual chains, though specific competitors are not named in the 10-K. McDonald's emphasizes brand strength, operational efficiency, and digital innovation as competitive advantages. The 10-K highlights risks related to adapting to consumer preferences and technology disruption.
Revenue Analysis
Total revenue for FY2024 was $23.2B, a -0.2% YoY decline (XBRL). The decrease was attributed to global comparable sales down 0.1%, with U.S. growth offset by declines in International Operated Markets (-0.2%) and International Developmental Licensed Markets (-0.3%) (10-K). Specific segment revenue figures are not disclosed in the XBRL data or 10-K text (N/A). Historical data shows revenue growth of 3.7% CAGR over five years (XBRL).
Profitability Analysis
Operating income fell 9.5% YoY to $9.4B, with operating margin at 40.4% (XBRL). Net income declined 18.1% YoY to $6.2B, with net margin at 26.6% (XBRL). The decline in profitability was driven by restructuring charges, transaction costs, impairment charges from South Korea and Israel, and impacts from the Middle East war and China (10-K). EBITDA remained strong at $9.7B (42.0% of revenue) (XBRL).
Balance Sheet Analysis
Total equity was -$4.6B as of FY2024, with an equity ratio of -9.1% (XBRL). Current ratio was 1.16x (XBRL). Long-term debt totaled $37.2B, with net debt at $32.6B (3.3x EBITDA) (XBRL). Cash reserves stood at $4.6B (XBRL). ROE was -134.2% (XBRL), reflecting the negative equity position. Total assets were $50.4B (XBRL).
Cash Flow Analysis
Operating cash flow was $7.4B (XBRL), up from net income of $6.2B (XBRL). Free cash flow (FCF) was $5.5B, calculated as operating cash flow ($7.4B) minus CapEx ($1.9B) (XBRL). Capital expenditures totaled $1.9B (XBRL). Shareholder returns included $4.2B in dividends and $3.9B in share repurchases (XBRL).
Working Capital Analysis
N/A. Working capital changes are not quantified in the XBRL data or 10-K text (N/A).
Risks
Outlook
Management expects ongoing challenges from the Middle East war, China's economic performance, and hyperinflation in select markets (10-K). No specific financial guidance is provided in the 10-K text (N/A).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 21.3B | 21.4B | 19.2B | 23.2B | 23.2B | 25.5B |
| Operating Income | 8.8B | 9.1B | 7.3B | 10.4B | 9.4B | 11.6B |
| Net Income | 5.9B | 6.0B | 4.7B | 7.5B | 6.2B | 8.5B |
| Total Assets | 32.8B | 47.5B | 52.6B | 53.9B | 50.4B | 56.1B |
| Total Equity | -3.3B | -6.3B | -8.2B | -7.8B | -4.6B | -6.0B |
| Operating Cash Flow | 7.0B | 8.1B | 6.3B | 9.1B | 7.4B | 9.6B |
Consumer Discretionaryの企業一覧
MCDONALDS CORPと同じ「Consumer Discretionary」セクターの企業