MCD - McDonald's Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$347.33
DETAILS
HIGH:
$385.00
LOW:
$305.00
MEDIAN:
$347.50
CONSENSUS:
$347.33
UPSIDE:
23.05%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 26,885 | 25,920 | 25,495 | 23,182 | 23,222.9 | 19,207.8 | 21,364.4 | 21,257.9 | 22,820.4 | 24,621.9 | 25,413 | 27,441.3 | 28,105.7 | 27,567 | 27,006 | 24,074.6 | 22,744.7 | 23,522.4 | 22,786.6 | 20,895.2 | 19,117.3 | 18,594 | 17,140.5 | 15,405.7 | 14,870 | 14,243 | 13,259.3 | 12,421.4 | 11,408.8 | 10,686.5 | 9,794.5 | 8,320.8 | 7,408.1 |
| Cost of Revenue | 11,450 | 11,210 | 10,931 | 9,975 | 10,642.7 | 9,455.7 | 10,185 | 10,425.3 | 12,199.6 | 14,417.2 | 15,623.8 | 16,985.6 | 17,203 | 16,750.7 | 16,319.4 | 14,437.3 | 13,952.9 | 14,883.2 | 14,881.4 | 13,963.2 | 12,940 | 12,690.6 | 8,532.3 | 7,668.5 | 7,352.7 | 6,832.2 | 5,192.7 | 4,838.2 | 1,978.8 | 1,803.7 | 3,622.7 | 2,992.8 | 2,685.4 |
| Gross Profit | 15,435 | 14,710 | 14,564 | 13,207 | 12,580.2 | 9,752.1 | 11,179.4 | 10,832.6 | 10,620.8 | 10,204.7 | 9,789.2 | 10,455.7 | 10,902.7 | 10,816.3 | 10,686.6 | 9,637.3 | 8,791.8 | 8,639.2 | 7,905.2 | 6,932 | 6,177.3 | 5,903.4 | 8,608.2 | 7,737.2 | 7,517.3 | 7,410.8 | 8,066.6 | 7,583.2 | 9,430 | 8,882.8 | 6,171.8 | 5,328 | 4,722.7 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 2,583 | 2,412 | 2,435 | 2,492 | 2,377.8 | 2,245 | 1,966.9 | 1,985.4 | 2,231.3 | 2,384.5 | 2,434.3 | 2,487.9 | 2,385.6 | 2,455.2 | 2,393.7 | 2,333.3 | 2,234.2 | 2,355.5 | 2,367 | 2,295.7 | 2,118.4 | 1,939.1 | 5,244.4 | 4,791 | 4,562.9 | 4,277.5 | 3,895.9 | 3,678.8 | 5,941.4 | 5,553.1 | 2,967.2 | 2,542.1 | 2,232.3 |
| Other Expenses | 459 | 586 | 482 | 1,344 | (153.6) | 183.1 | 142.7 | 24.6 | (1,163.2) | 75.7 | 209.4 | 18.6 | (247.2) | (243.5) | (236.8) | (169.1) | (283.4) | (159.2) | 1,659.2 | 203.3 | 74.9 | 426.4 | 531.6 | 833.3 | 257.4 | 0 | 956.3 | 881.1 | 793.8 | 742.9 | 709 | 628.6 | 568.4 |
| Operating Expenses | 3,042 | 2,998 | 2,917 | 3,836 | 2,224.2 | 2,428.1 | 2,109.6 | 2,010 | 1,068.1 | 2,460.2 | 2,643.7 | 2,506.5 | 2,138.4 | 2,211.7 | 2,156.9 | 2,164.2 | 1,950.8 | 2,196.3 | 4,026.2 | 2,499 | 2,193.3 | 2,365.5 | 5,776 | 5,624.3 | 4,820.3 | 4,277.5 | 4,852.2 | 4,559.9 | 6,735.2 | 6,296 | 3,676.2 | 3,170.7 | 2,800.7 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 12,393 | 11,712 | 11,647 | 9,371 | 10,356 | 7,324 | 9,069.8 | 8,822.6 | 9,552.7 | 7,744.5 | 7,145.5 | 7,949.2 | 8,764.3 | 8,604.6 | 8,529.7 | 7,473.1 | 6,841 | 6,442.9 | 3,879 | 4,433 | 3,984 | 3,537.9 | 2,832.2 | 2,112.9 | 2,697 | 3,133.3 | 3,214.4 | 3,023.3 | 2,694.8 | 2,586.8 | 2,495.6 | 2,157.3 | 1,922 |
| Interest Expense | 1,582 | 1,506 | 1,361 | 1,207 | 1,185.8 | 1,218.1 | 1,121.9 | 981.2 | 921.3 | 884.8 | 638.3 | 576.4 | 527.8 | 516.6 | 492.8 | 450.9 | 473.2 | 522.6 | 410.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 63 | 103 | 187 | 44 | 9 | 18 | 37 | 4 | 7 | 4 | 9 | 20 | 15 | 28 | 39 | 20 | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 14,636 | 13,948 | 13,861 | 10,903 | 12,181.8 | 9,110.2 | 10,757.9 | 10,279.3 | 10,858.2 | 9,267.3 | 8,749.7 | 9,592.9 | 10,317.4 | 10,084.1 | 9,920 | 8,727.4 | 8,176.4 | 7,888.4 | 5,196.3 | 5,644.6 | 5,188.8 | 4,738.9 | 3,980.4 | 3,163.7 | 3,783.3 | 4,144 | 4,170.7 | 3,904.4 | 3,488.6 | 3,329.7 | 3,204.6 | 2,785.9 | 2,490.4 |
| EBIT | 12,479 | 11,851 | 11,883 | 9,032 | 10,313.7 | 7,358.8 | 9,140 | 8,797.3 | 9,494.8 | 7,750.8 | 7,194 | 7,948.4 | 8,732.3 | 8,595.6 | 8,505 | 7,451.2 | 6,960.2 | 6,680.6 | 3,982.2 | 4,394.7 | 3,939.3 | 3,537.9 | 2,832.2 | 2,112.9 | 2,697 | 3,133.3 | 3,214.4 | 3,023.3 | 2,694.8 | 2,586.8 | 2,495.6 | 2,157.3 | 1,922 |
| Income Before Tax | 10,897 | 10,345 | 10,522 | 7,825 | 9,127.9 | 6,140.7 | 8,018.1 | 7,816.1 | 8,573.5 | 6,866 | 6,555.7 | 7,372 | 8,204.5 | 8,079 | 8,012.2 | 7,000.3 | 6,487 | 6,158 | 3,572.1 | 4,154.4 | 3,660.2 | 3,200.7 | 2,346.4 | 1,662.1 | 2,329.7 | 2,882.3 | 2,884.1 | 2,307.4 | 2,407.3 | 2,251 | 2,169.1 | 1,886.6 | 1,675.7 |
| Income Tax Expense | 2,334 | 2,121 | 2,053 | 1,648 | 1,582.7 | 1,410.2 | 1,992.7 | 1,891.8 | 3,381.2 | 2,179.5 | 2,026.4 | 2,614.2 | 2,618.6 | 2,614.2 | 2,509.1 | 2,054 | 1,936 | 1,844.8 | 1,237.1 | 1,288.3 | 1,082.6 | 923.2 | 838.2 | 670 | 693.1 | 905 | 936.2 | 757.3 | 764.8 | 678.4 | 741.8 | 662.2 | 593.2 |
| Net Income | 8,563 | 8,223 | 8,469 | 6,177 | 7,545.2 | 4,730.5 | 6,025.4 | 5,924.3 | 5,192.3 | 4,686.5 | 4,529.3 | 4,757.8 | 5,585.9 | 5,464.8 | 5,503.1 | 4,946.3 | 4,551 | 4,313.2 | 2,395.1 | 3,544.2 | 2,602.2 | 2,278.5 | 1,471.4 | 893.5 | 1,636.6 | 1,977.3 | 1,947.9 | 1,550.1 | 1,642.5 | 1,572.6 | 1,427.3 | 1,224.4 | 1,082.5 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 12.00 | 11.45 | 11.63 | 8.39 | 10.11 | 6.35 | 7.95 | 7.61 | 6.43 | 5.49 | 4.82 | 4.85 | 5.59 | 5.41 | 5.33 | 4.64 | 4.17 | 3.83 | 2.02 | 2.87 | 2.06 | 1.81 | 1.16 | 0.70 | 1.28 | 1.49 | 1.44 | 1.14 | 1.18 | 1.11 | 0.99 | 0.84 | 0.73 |
| EPS (Diluted) | 11.95 | 11.39 | 11.56 | 8.33 | 10.04 | 6.31 | 7.88 | 7.54 | 6.37 | 5.44 | 4.80 | 4.82 | 5.55 | 5.36 | 5.27 | 4.58 | 4.11 | 3.76 | 1.98 | 2.83 | 2.04 | 1.79 | 1.15 | 0.70 | 1.25 | 1.46 | 1.39 | 1.10 | 1.15 | 1.08 | 0.99 | 0.84 | 0.71 |
| Shares Outstanding | 713.4 | 718.3 | 727.9 | 736.5 | 746.3 | 744.6 | 758.1 | 778.2 | 807.4 | 854.4 | 939.4 | 980.5 | 998.4 | 1,010.1 | 1,032.1 | 1,066 | 1,092.2 | 1,126.6 | 1,188.3 | 1,234 | 1,260.4 | 1,259.7 | 1,269.8 | 1,273.1 | 1,292.1 | 1,323.2 | 1,355.3 | 1,365.3 | 1,371 | 1,389 | 1,407.9 | 1,401.4 | 1,418.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 774 | 1,085 | 4,579 | 2,583.8 | 4,709.2 | 3,449.1 | 898.5 | 866 | 2,463.8 | 1,223.4 | 1,796 | 2,063.4 | 1,379.8 | 492.8 | 330.4 | 418.1 | 421.7 | 419.5 | 299.2 | 341.4 | 329.9 | 334.8 | 179.9 | 185.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 2,465 | 2,383 | 2,488 | 2,115 | 1,872.4 | 2,110.3 | 2,224.2 | 2,441.5 | 1,976.2 | 1,474.1 | 1,060.4 | 931.2 | 745.5 | 734.5 | 855.3 | 881.9 | 796.5 | 708.1 | 609.4 | 483.5 | 495.4 | 413.6 | 379.3 | 314.6 |
| Inventory | 61 | 56 | 53 | 52 | 55.6 | 51.1 | 50.2 | 51.1 | 58.8 | 58.9 | 106.2 | 111.5 | 147.5 | 129.4 | 111.7 | 105.5 | 99.3 | 82.7 | 77.3 | 70.5 | 69.6 | 58 | 50.5 | 43.5 |
| Other Current Assets | 863 | 1,075 | 866 | 673.4 | 0 | 0 | 0 | 0 | 0 | 1,527 | 0 | 0 | 0 | 0 | 0 | 0 | 344.9 | 362 | 323.5 | 246.9 | 207.6 | 149.4 | 131 | 118.9 |
| Total Current Assets | 4,163 | 4,599 | 7,986 | 5,424.2 | 7,148.5 | 6,243.2 | 3,557.9 | 4,053.2 | 5,327.2 | 4,848.6 | 3,416.3 | 3,517.6 | 2,857.8 | 1,885.4 | 1,715.4 | 1,819.3 | 1,662.4 | 1,572.3 | 1,309.4 | 1,142.3 | 1,102.5 | 955.8 | 740.7 | 662.8 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 42,847 | 38,634 | 38,421 | 36,339.3 | 38,272.6 | 38,785.9 | 37,421.2 | 22,842.7 | 22,448.3 | 21,257.6 | 21,531.5 | 20,254.5 | 20,703.1 | 19,924.7 | 18,583.4 | 17,289.5 | 17,047.6 | 16,324.5 | 16,041.6 | 14,961.4 | 14,352.1 | 12,811.3 | 11,328.4 | 10,081.4 |
| Goodwill | 3,354 | 3,145 | 3,040 | 2,900.4 | 2,782.5 | 2,773.1 | 2,677.4 | 2,331.5 | 2,379.7 | 2,336.5 | 2,425.2 | 2,237.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1,061 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,828.3 | 1,665.1 | 1,559.8 | 1,419.8 | 1,443.4 | 1,261.8 | 0 | 827.5 | 747 | 534.8 | 483.1 | 415.7 |
| Long-Term Investments | 2,948 | 2,710 | 1,080 | 1,064.5 | 1,201.2 | 1,297.2 | 1,270.3 | 1,202.8 | 1,085.7 | 725.9 | 1,212.7 | 1,222.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1,886 | 6,095 | 5,618 | 4,707.2 | 4,449.5 | 3,527.4 | 2,584 | 2,381 | 2,562.8 | 1,855.3 | 1,639.2 | 1,229.7 | 2,448.3 | 2,362.8 | 2,111.9 | 2,005.9 | 1,530.1 | 1,824.6 | 2,433.4 | 1,310.3 | 1,184.4 | 1,112.7 | 1,039.7 | 875.3 |
| Total Non-Current Assets | 55,352 | 50,584 | 48,159 | 45,011.4 | 46,705.8 | 46,383.6 | 43,952.9 | 28,758 | 28,476.5 | 26,175.3 | 26,808.6 | 24,943.9 | 24,979.7 | 23,952.6 | 22,255.1 | 20,715.2 | 20,021.1 | 19,410.9 | 18,475 | 17,099.2 | 16,283.5 | 14,458.8 | 12,851.2 | 11,372.4 |
| Total Assets | 59,515 | 55,182 | 56,147 | 50,435.6 | 53,854.3 | 52,626.8 | 47,510.8 | 32,811.2 | 33,803.7 | 31,023.9 | 30,224.9 | 28,461.5 | 27,837.5 | 25,838 | 23,970.5 | 22,534.5 | 21,683.5 | 20,983.2 | 19,784.4 | 18,241.5 | 17,386 | 15,414.6 | 13,591.9 | 12,035.2 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 1,149 | 1,029 | 1,103 | 980.2 | 1,006.8 | 741.3 | 988.2 | 1,207.9 | 924.8 | 756 | 636 | 620.4 | 714.3 | 577.4 | 635.8 | 689.5 | 684.9 | 585.7 | 621.3 | 650.6 | 638 | 564.3 | 509.4 | 395.7 |
| Short-Term Debt | 0 | 0 | 2,192 | 0 | 0 | 2,243.6 | 59.1 | 0 | 0 | 77.2 | 18.1 | 31.8 | 862.2 | 388 | 275.8 | 362.5 | 630 | 1,619.9 | 854.8 | 1,629.4 | 693.3 | 578.2 | 1,046.9 | 223.3 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 694.8 | 0 | 0 | 576.4 | 556.2 | 208.1 | 200.8 | 1,046 | 1,068.7 | 1,021 | 704.5 | 804 | 652.4 | 895 | 483 |
| Total Current Liabilities | 4,361 | 3,861 | 6,859 | 3,802.1 | 4,020 | 6,181.2 | 3,621 | 2,973.5 | 2,890.6 | 3,468.3 | 2,988.7 | 2,537.9 | 3,520.5 | 2,748.5 | 2,422.3 | 2,248.3 | 2,360.9 | 3,274.3 | 2,497.1 | 2,984.5 | 2,135.3 | 1,794.9 | 2,451.3 | 1,102 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 39,973 | 38,424 | 37,153 | 35,903.5 | 35,622.7 | 35,196.8 | 34,118.1 | 31,075.3 | 29,536.4 | 25,878.5 | 10,560.3 | 10,186 | 8,357.3 | 9,342.5 | 9,703.6 | 8,555.5 | 7,843.9 | 5,632.4 | 6,188.6 | 4,834.1 | 4,830.1 | 4,257.8 | 2,935.4 | 3,489.4 |
| Deferred Tax Liabilities | 1,038 | 1,914 | 1,681 | 1,997.5 | 2,075.6 | 2,025.6 | 1,318.1 | 1,215.5 | 1,119.4 | 1,817.1 | 1,278.9 | 944.9 | 781.5 | 1,065.3 | 1,003.7 | 1,112.2 | 1,084.9 | 1,173.6 | 1,081.9 | 1,063.5 | 975.9 | 835.9 | 840.8 | 835.3 |
| Other Non-Current Liabilities | 841 | 1,114 | 1,313 | 1,843.7 | 2,977.8 | 3,024.8 | 3,245.5 | 3,177.5 | 3,525.3 | 2,064.3 | 1,363.1 | 1,410.1 | 976.7 | 699.8 | 560 | 1,130.1 | 1,189.4 | 1,263.8 | 552.1 | 507.8 | 726.5 | 0 | 56.2 | 0 |
| Total Non-Current Liabilities | 56,944 | 55,118 | 53,995 | 52,636.9 | 54,435.3 | 54,270.5 | 52,100.1 | 36,096.1 | 34,181.1 | 29,759.9 | 13,202.3 | 12,541 | 10,115.5 | 11,107.6 | 11,267.3 | 10,797.8 | 10,118.2 | 8,069.8 | 7,822.6 | 6,405.4 | 6,532.5 | 5,093.7 | 3,832.4 | 4,324.7 |
| Total Liabilities | 61,305 | 58,979 | 60,854 | 56,439 | 58,455.3 | 60,451.7 | 55,721.1 | 39,069.6 | 37,071.7 | 33,228.2 | 16,191 | 15,078.9 | 13,636 | 13,856.1 | 13,689.6 | 13,046.1 | 12,479.1 | 11,344.1 | 10,319.7 | 9,389.9 | 8,667.8 | 6,888.6 | 6,283.7 | 5,426.7 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 17 | 17 | 17 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 | 16.6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 70,282 | 66,834 | 63,480 | 59,543.9 | 57,534.7 | 53,908.1 | 52,930.5 | 50,487 | 48,325.8 | 46,222.7 | 31,270.8 | 28,953.9 | 21,755.8 | 20,172.3 | 19,204.4 | 18,608.3 | 17,259.4 | 15,562.8 | 13,879.6 | 12,569 | 11,173 | 9,831.3 | 8,625.9 | 7,612.6 |
| Accumulated Other Comprehensive Income | (2,414) | (2,553) | (2,456) | (2,486.6) | (2,573.7) | (2,586.8) | (2,482.7) | (2,609.5) | (2,178.4) | (3,092.9) | 747.4 | 101.3 | (178.8) | (726) | (1,699.7) | (1,815.5) | (1,402.3) | (1,020.1) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | (1,790) | (3,796) | (4,706) | (6,003.4) | (4,601) | (7,824.9) | (8,210.3) | (6,258.4) | (3,268) | (2,204.3) | 14,033.9 | 13,382.6 | 14,201.5 | 11,981.9 | 10,280.9 | 9,488.4 | 9,204.4 | 9,639.1 | 9,464.7 | 8,851.6 | 8,718.2 | 7,861.3 | 6,885.4 | 6,274.1 |
| Total Liabilities & Equity | 59,515 | 55,183 | 56,148 | 50,435.6 | 53,854.3 | 52,626.8 | 47,510.8 | 32,811.2 | 33,803.7 | 31,023.9 | 30,224.9 | 28,461.5 | 27,837.5 | 25,838 | 23,970.5 | 22,534.5 | 21,683.5 | 20,983.2 | 19,784.4 | 18,241.5 | 17,386 | 15,414.6 | 13,591.9 | 12,035.2 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 54,814 | 51,948 | 53,091 | 48,699 | 49,349.1 | 51,463.2 | 47,556 | 31,075.3 | 29,536.4 | 25,955.7 | 10,578.4 | 10,217.8 | 9,219.5 | 9,730.5 | 9,979.4 | 8,918 | 8,473.9 | 7,252.3 | 7,043.4 | 6,463.5 | 5,523.4 | 4,836 | 3,982.3 | 3,712.7 |
| Net Debt | 54,040 | 50,863 | 48,512 | 46,115.2 | 44,639.9 | 48,014.1 | 46,657.5 | 30,209.3 | 27,072.6 | 24,732.3 | 8,782.4 | 8,154.4 | 7,839.7 | 9,237.7 | 9,649 | 8,499.9 | 8,052.2 | 6,832.8 | 6,744.2 | 6,122.1 | 5,193.5 | 4,501.2 | 3,802.4 | 3,526.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 8,563 | 8,223 | 8,469 | 6,177.4 | 7,545.2 | 4,730.5 | 6,025.4 | 5,924.3 | 5,192.3 | 4,686.5 | 2,602.2 | 2,278.5 | 1,471.4 | 893.5 | 1,636.6 | 1,977.3 | 1,947.9 | 1,550.1 | 1,642.5 | 1,572.6 | 1,427.3 | 1,224.4 | 1,082.5 |
| Depreciation & Amortization | 2,199 | 2,097 | 1,978.2 | 1,870.6 | 1,868.1 | 1,751.4 | 1,617.9 | 1,482 | 1,363.4 | 1,516.5 | 1,249.5 | 1,201 | 1,148.2 | 1,050.8 | 1,086.3 | 1,010.7 | 956.3 | 881.1 | 793.8 | 742.9 | 709 | 628.6 | 568.4 |
| Stock-Based Compensation | 0 | 172 | 175.2 | 167 | 139.2 | 92.4 | 109.6 | 125.1 | 117.5 | 131.3 | 154.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 106 | (438) | (108) | (644.6) | 454.2 | (212.1) | 298.5 | (472.7) | (980.5) | 167 | 412.3 | 190.3 | (191) | 400.3 | 2.6 | (52.9) | 116.9 | 276.8 | 73 | 69.7 | 154 | 108.5 | (23.5) |
| Other Non-Cash Items | (191) | (33) | (216) | 162.3 | (436.9) | (103.4) | (79) | (194.6) | (105.1) | 96.9 | (43) | 405.7 | 622 | 491.5 | 50.4 | (244.1) | (65.1) | 22.9 | (65.9) | 42.9 | 10.1 | (29.7) | 0 |
| Operating Cash Flow | 10,551 | 9,447 | 9,611.9 | 7,386.7 | 9,141.5 | 6,265.2 | 8,122.1 | 6,966.7 | 5,551.2 | 6,059.6 | 4,336.8 | 3,903.6 | 3,268.8 | 2,890.1 | 2,688.3 | 2,751.5 | 3,008.9 | 2,766.3 | 2,442.3 | 2,461 | 2,296.2 | 1,926.2 | 1,679.8 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (3,365) | (2,775) | (2,357.4) | (1,899.2) | (2,040) | (1,640.8) | (2,393.7) | (2,741.7) | (1,853.7) | (1,821.1) | (1,606.8) | (1,569) | (1,683.2) | (2,552.2) | (2,237.8) | (2,370.6) | (2,208.5) | (1,997.7) | (2,224.8) | (2,513) | (2,063.7) | (1,538.6) | (1,316.9) |
| Acquisitions | 244 | (2,195) | (246) | (322.2) | (178) | 37.6 | (48.9) | 589.5 | 2,494.8 | 866.1 | (343.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (701) | (376) | (581.2) | (456.7) | 52.3 | 57.4 | (628.5) | (302.9) | (79.1) | (26.6) | 132.5 | 185.9 | 313.6 | 85.6 | 169.6 | 158 | (53.3) | 49.5 | 7.6 | (57.3) | (45.3) | 32.7 | 98.9 |
| Investing Cash Flow | (3,822) | (5,346) | (3,184.5) | (2,678.1) | (2,165.7) | (1,545.8) | (3,071.1) | (2,455.1) | 562 | (981.6) | (1,817.8) | (1,383.1) | (1,369.6) | (2,466.6) | (2,068.2) | (2,212.6) | (2,261.8) | (1,948.2) | (2,217.2) | (2,570.3) | (2,109) | (1,505.9) | (1,218) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | (72) | (71) | 2,992.8 | 1,197.6 | (1,070.5) | 2,238.2 | 3,236.3 | 2,130.8 | 2,027.8 | 2,670.4 | 1,612.3 | (815.5) | (891.6) | 145.5 | 527.3 | 1,678.5 | 336.4 | 262.4 | 1,001.5 | 779.3 | 445.1 | 245.7 | 46.2 |
| Stock Repurchased | (2,056) | (2,824) | (3,054.3) | (3,896) | (845.5) | (907.8) | (4,976.2) | (5,207.7) | (4,685.7) | (11,171) | (1,202) | (621) | (391) | (670.2) | (1,068.1) | (2,023.4) | (891.5) | (1,089.8) | (1,113.1) | (599.9) | (314.5) | (495.6) | (620.1) |
| Dividends Paid | (5,115) | (4,870) | (4,532.8) | (4,168.2) | (3,918.6) | (3,752.9) | (3,581.9) | (3,255.9) | (3,089.2) | (3,058.2) | (842) | (695) | (503.5) | (297.4) | (287.7) | (280.7) | (264.7) | (240.5) | (247.7) | (232) | (226.5) | (215.7) | (201.2) |
| Other Financing Activities | (167) | 270 | 220 | 286.4 | 239 | 173.5 | 327 | 383.2 | 436.3 | 296.4 | 25.2 | (82.5) | (121.9) | 310.9 | 204.8 | 88.9 | 193 | 207.6 | 145.7 | 157 | 63.6 | 39.4 | 62.6 |
| Financing Cash Flow | (7,125) | (7,495) | (4,374.1) | (6,580.2) | (5,595.6) | (2,249) | (4,994.8) | (5,949.6) | (5,310.8) | (11,262.4) | 361.6 | (1,633.5) | (1,736.8) | (511.2) | (623.7) | (536.7) | (626.8) | (860.3) | (213.6) | 104.4 | (32.3) | (426.2) | (712.5) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | (311) | (3,494) | 1,995.5 | (2,125.4) | 1,260.1 | 2,550.6 | 32.5 | (1,597.8) | 1,240.4 | (6,462.1) | 2,880.6 | 887 | 162.4 | (87.7) | (3.6) | 2.2 | 120.3 | (860.3) | (213.6) | 104.4 | (32.3) | (426.2) | (712.5) |
| Cash at Beginning | 1,085 | 4,579 | 2,583.8 | 4,709.2 | 3,449.1 | 898.5 | 866 | 2,463.8 | 1,223.4 | 7,685.5 | 1,379.8 | 492.8 | 330.4 | 418.1 | 421.7 | 419.5 | 299.2 | 341.4 | 329.9 | 334.8 | 179.9 | 185.8 | 436.5 |
| Cash at End | 774 | 1,085 | 4,579.3 | 2,583.8 | 4,709.2 | 3,449.1 | 898.5 | 866 | 2,463.8 | 1,223.4 | 4,260.4 | 1,379.8 | 492.8 | 330.4 | 418.1 | 421.7 | 419.5 | (518.9) | 116.3 | 439.2 | 147.6 | (240.4) | (276) |
| Free Cash Flow | 7,186 | 6,672 | 7,254.5 | 5,487.5 | 7,101.5 | 4,624.4 | 5,728.4 | 4,225 | 3,697.5 | 4,238.5 | 2,730 | 2,334.6 | 1,585.6 | 337.9 | 450.5 | 380.9 | 800.4 | 768.6 | 217.5 | (52) | 232.5 | 387.6 | 362.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 26,885 | 25,920 | 25,495 | 23,182 | 23,222.9 | 19,207.8 | 21,364.4 | 21,257.9 | 22,820.4 | 24,621.9 | 25,413 | 27,441.3 | 28,105.7 | 27,567 | 27,006 | 24,074.6 | 22,744.7 | 23,522.4 | 22,786.6 | 20,895.2 | 19,117.3 | 18,594 | 17,140.5 | 15,405.7 | 14,870 | 14,243 | 13,259.3 | 12,421.4 | 11,408.8 | 10,686.5 | 9,794.5 | 8,320.8 | 7,408.1 |
| Gross Profit | 15,435 | 14,710 | 14,564 | 13,207 | 12,580.2 | 9,752.1 | 11,179.4 | 10,832.6 | 10,620.8 | 10,204.7 | 9,789.2 | 10,455.7 | 10,902.7 | 10,816.3 | 10,686.6 | 9,637.3 | 8,791.8 | 8,639.2 | 7,905.2 | 6,932 | 6,177.3 | 5,903.4 | 8,608.2 | 7,737.2 | 7,517.3 | 7,410.8 | 8,066.6 | 7,583.2 | 9,430 | 8,882.8 | 6,171.8 | 5,328 | 4,722.7 |
| Operating Income | 12,393 | 11,712 | 11,647 | 9,371 | 10,356 | 7,324 | 9,069.8 | 8,822.6 | 9,552.7 | 7,744.5 | 7,145.5 | 7,949.2 | 8,764.3 | 8,604.6 | 8,529.7 | 7,473.1 | 6,841 | 6,442.9 | 3,879 | 4,433 | 3,984 | 3,537.9 | 2,832.2 | 2,112.9 | 2,697 | 3,133.3 | 3,214.4 | 3,023.3 | 2,694.8 | 2,586.8 | 2,495.6 | 2,157.3 | 1,922 |
| Net Income | 8,563 | 8,223 | 8,469 | 6,177 | 7,545.2 | 4,730.5 | 6,025.4 | 5,924.3 | 5,192.3 | 4,686.5 | 4,529.3 | 4,757.8 | 5,585.9 | 5,464.8 | 5,503.1 | 4,946.3 | 4,551 | 4,313.2 | 2,395.1 | 3,544.2 | 2,602.2 | 2,278.5 | 1,471.4 | 893.5 | 1,636.6 | 1,977.3 | 1,947.9 | 1,550.1 | 1,642.5 | 1,572.6 | 1,427.3 | 1,224.4 | 1,082.5 |
| EPS (Diluted) | 11.95 | 11.39 | 11.56 | 8.33 | 10.04 | 6.31 | 7.88 | 7.54 | 6.37 | 5.44 | 4.80 | 4.82 | 5.55 | 5.36 | 5.27 | 4.58 | 4.11 | 3.76 | 1.98 | 2.83 | 2.04 | 1.79 | 1.15 | 0.70 | 1.25 | 1.46 | 1.39 | 1.10 | 1.15 | 1.08 | 0.99 | 0.84 | 0.71 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 774 | 1,085 | 4,579 | 2,583.8 | 4,709.2 | 3,449.1 | 898.5 | 866 | 2,463.8 | 1,223.4 | 1,796 | 2,063.4 | 1,379.8 | 492.8 | 330.4 | 418.1 | 421.7 | 419.5 | 299.2 | 341.4 | 329.9 | 334.8 | 179.9 | 185.8 | |||||||||
| Total Assets | 59,515 | 55,182 | 56,147 | 50,435.6 | 53,854.3 | 52,626.8 | 47,510.8 | 32,811.2 | 33,803.7 | 31,023.9 | 30,224.9 | 28,461.5 | 27,837.5 | 25,838 | 23,970.5 | 22,534.5 | 21,683.5 | 20,983.2 | 19,784.4 | 18,241.5 | 17,386 | 15,414.6 | 13,591.9 | 12,035.2 | |||||||||
| Total Debt | 54,814 | 51,948 | 53,091 | 48,699 | 49,349.1 | 51,463.2 | 47,556 | 31,075.3 | 29,536.4 | 25,955.7 | 10,578.4 | 10,217.8 | 9,219.5 | 9,730.5 | 9,979.4 | 8,918 | 8,473.9 | 7,252.3 | 7,043.4 | 6,463.5 | 5,523.4 | 4,836 | 3,982.3 | 3,712.7 | |||||||||
| Stockholders' Equity | (1,790) | (3,796) | (4,706) | (6,003.4) | (4,601) | (7,824.9) | (8,210.3) | (6,258.4) | (3,268) | (2,204.3) | 14,033.9 | 13,382.6 | 14,201.5 | 11,981.9 | 10,280.9 | 9,488.4 | 9,204.4 | 9,639.1 | 9,464.7 | 8,851.6 | 8,718.2 | 7,861.3 | 6,885.4 | 6,274.1 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 10,551 | 9,447 | 9,611.9 | 7,386.7 | 9,141.5 | 6,265.2 | 8,122.1 | 6,966.7 | 5,551.2 | 6,059.6 | 4,336.8 | 3,903.6 | 3,268.8 | 2,890.1 | 2,688.3 | 2,751.5 | 3,008.9 | 2,766.3 | 2,442.3 | 2,461 | 2,296.2 | 1,926.2 | 1,679.8 | ||||||||||
| Capital Expenditure | (3,365) | (2,775) | (2,357.4) | (1,899.2) | (2,040) | (1,640.8) | (2,393.7) | (2,741.7) | (1,853.7) | (1,821.1) | (1,606.8) | (1,569) | (1,683.2) | (2,552.2) | (2,237.8) | (2,370.6) | (2,208.5) | (1,997.7) | (2,224.8) | (2,513) | (2,063.7) | (1,538.6) | (1,316.9) | ||||||||||
| Free Cash Flow | 7,186 | 6,672 | 7,254.5 | 5,487.5 | 7,101.5 | 4,624.4 | 5,728.4 | 4,225 | 3,697.5 | 4,238.5 | 2,730 | 2,334.6 | 1,585.6 | 337.9 | 450.5 | 380.9 | 800.4 | 768.6 | 217.5 | (52) | 232.5 | 387.6 | 362.9 | ||||||||||