McDonald's Corporation logo MCD - McDonald's Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 37
HOLD 24
SELL 1
STRONG
SELL
0
| PRICE TARGET: $342.39 DETAILS
HIGH: $385.00
LOW: $300.00
MEDIAN: $335.00
CONSENSUS: $342.39
UPSIDE: 25.21%
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 1992 1991 1990 1989 1988 1987 1986
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 7,133.3 6,695 6,639.6 6,142 5,566.3 4,893.5 4,143.5
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 1,133.9 1,113.3 1,190.1 3,582 3,287.9 2,868.2 1,807.9
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 5,999.4 5,581.7 5,449.5 2,560 2,278.4 2,025.3 2,335.6
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 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 3,646.9 3,502.8 3,455.6 663 611.3 525.1 1,175
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 0 956.3 881.1 793.8 742.9 709 628.6 568.4 554.9 514.2 493.3 438 383.4 338.4 236.3
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 4,201.8 4,017 3,948.9 1,101 994.7 863.5 1,411.3
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 1,797.6 1,564.7 1,500.6 1,459 1,283.7 1,161.8 924.3
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 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 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 2,352.5 2,078.9 1,993.9 1,897 1,667.1 1,500.2 1,160.6
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 1,797.6 1,564.7 1,500.6 1,459 1,283.7 1,161.8 924.3
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 1,448.1 1,299.4 1,246.3 1,157 1,046.5 958.8 848.1
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 1,082.6 923.2 838.2 670 693.1 905 936.2 757.3 764.8 678.4 741.8 662.2 593.2 489.5 439.8 444 430 400.6 409.7 368.4
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 1,082.5 958.6 859.6 802.3 727 645.9 549.1 479.7
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 0.65 0.59 0.55 0.49 0.43 0.37 0.32
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 0.64 0.57 0.54 0.48 0.43 0.37 0.32
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 1,452.2 1,424.4 1,433.3 1,474.7 1,502.1 1,479.7 1,488.1
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 1992 1991 1990 1989 1988 1987 1986
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 7,685.5 2,077.9 2,798.7 2,336.1 2,335.7 2,387 1,796 2,063.4 1,981.3 2,128.1 4,260.6 1,379.8 492.8 330.4 418.1 421.7 419.5 299.2 341.4 329.9 334.8 179.9 185.8 436.5 220.2 142.8 137 184.4 183.2 205.1
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 2,466 2,383 2,488 2,115 1,872.4 2,110.3 2,224.2 2,441.5 1,976.2 1,474.1 1,298.7 1,214.4 1,319.8 1,375.3 1,334.7 1,179.1 1,060.4 931.2 1,053.8 806.9 793.9 745.5 734.5 855.3 881.9 796.5 708.1 609.4 483.5 495.4 413.6 379.3 314.6 279.6 274.4 255 234 204 184 158.4
Inventory 61 56 53 52 55.6 51.1 50.2 51.1 58.8 58.9 100.1 110 123.7 121.7 116.8 109.9 106.2 111.5 125.3 112.4 144.3 147.5 129.4 111.7 105.5 99.3 82.7 77.3 70.5 69.6 58 50.5 43.5 43.5 42.6 42.9 46 48.5 48.5 38.1
Other Current Assets 862 1,075 866 673.4 0 0 0 0 0 1,527 0 0 0 0 0 0 0 0 0 1,826.2 380 0 0 0 0 344.9 362 323.5 246.9 207.6 149.4 131 118.9 105.1 108.8 108.3 78 79.5 67.9 71
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 9,643 4,185.5 5,050.1 4,922.1 4,403 4,368.5 3,416.3 3,517.6 3,581.9 5,192.2 6,219 2,857.8 1,885.4 1,715.4 1,819.3 1,662.4 1,572.3 1,309.4 1,142.3 1,102.5 955.8 740.7 662.8 864.7 646 549 495 516.4 483.6 472.6
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 23,117.6 24,557.5 25,747.3 24,677.2 22,834.5 22,060.6 21,531.5 20,254.5 20,984.7 19,438.1 19,573.3 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 9,597.4 9,558.5 9,047.1 7,758 6,800.3 5,819.6 4,877.6
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 2,516.3 2,735.3 2,872.7 2,804 2,653.2 2,586.1 2,425.2 2,237.4 2,301.3 2,073.6 1,924.4 0 0 0 0 0 0 0 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 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 0 827.5 747 534.8 483.1 415.7 389.7 369.1 384 326 314.8 261.7 232
Long-Term Investments 2,948 2,710 1,080 1,064.5 1,201.2 1,297.2 1,270.3 1,202.8 1,085.7 725.9 792.7 1,004.5 1,209.1 1,380.5 1,427 1,335.3 1,212.7 1,222.3 1,156.4 0 0 0 0 0 0 0 0 0 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 1,869.1 1,744.6 1,747.1 1,602.7 1,672.2 1,624.7 1,639.2 1,229.7 1,367.4 2,270.6 2,272.1 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 1,039.7 875.3 829.4 775.5 687.4 596 527.2 416.7 386.3
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 28,295.7 30,041.9 31,576.2 30,464.4 28,586.9 27,606.7 26,808.6 24,943.9 25,809.8 23,782.3 23,769.8 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 10,816.5 10,703.1 10,118.5 8,680 7,642.3 6,498 5,495.9
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 37,938.7 34,227.4 36,626.3 35,386.5 32,989.9 31,975.2 30,224.9 28,461.5 29,391.7 28,974.5 29,988.8 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 11,681.2 11,349.1 10,667.5 9,175 8,158.7 6,981.6 5,968.5
Current Liabilities
Account Payables 1,149 1,029 1,103 980.2 1,006.8 741.3 988.2 1,207.9 924.8 756 874.7 860.1 1,086 1,141.9 961.3 943.9 636 620.4 624.1 668.7 678 714.3 577.4 635.8 689.5 684.9 585.7 621.3 650.6 638 564.3 509.4 395.7 343.3 313.9 355.7 413 0 0 0
Short-Term Debt 0 0 2,192 0 0 2,243.6 59.1 0 0 77.2 0 0 0 0 366.6 8.3 18.1 31.8 1,991.1 17.7 1,202.5 862.2 388 275.8 362.5 630 1,619.9 854.8 1,629.4 693.3 578.2 1,046.9 223.3 680.4 347.4 363.7 135 157.7 99.3 189.4
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 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 0 0 0 0 0 0 0 805.7 910.6 576.4 556.2 208.1 200.8 1,046 1,068.7 1,021 704.5 804 652.4 895 483 520.9 626.6 479.3 469 845.9 756.9 609.9
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 2,950.4 2,747.9 3,170 3,403.1 3,509.2 2,924.7 2,988.7 2,537.9 4,498.5 2,951.6 4,107.7 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 1,544.6 1,287.9 1,198.7 1,017 1,003.6 856.2 799.3
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 24,122.1 14,935.7 14,129.8 13,632.5 12,133.8 11,497 10,560.3 10,186 7,310 8,389.9 8,934.3 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 3,176.4 4,267.4 4,428.7 3,901 3,111.1 2,685.1 2,131.4
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 1,704.3 1,624.5 1,647.7 1,531.1 1,344.1 1,332.4 1,278.9 944.9 960.9 1,076.3 949.2 781.5 1,065.3 1,003.7 1,112.2 1,084.9 1,173.6 1,081.9 1,063.5 975.9 835.9 840.8 835.3 748.6 734.2 695.1 613 543.3 0 450.7
Other Non-Current Liabilities 842 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 2,074 2,065.9 1,669.1 1,526.2 1,612.6 1,586.9 1,363.1 1,410.1 1,342.5 1,098.4 851.5 976.7 699.8 560 1,130.1 1,189.4 1,263.8 552.1 507.8 726.5 0 56.2 0 319.2 224.5 162.7 94 87.9 523.6 139
Total Non-Current Liabilities 56,945 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 27,900.4 18,626.1 17,446.6 16,689.8 15,090.5 14,416.3 13,202.3 12,541 9,613.4 10,564.6 10,735 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 4,244.2 5,226.1 5,286.5 4,608 3,742.3 3,208.7 2,721.1
Total Liabilities 61,306 58,979 60,854 56,439 58,455.3 60,451.7 55,721.1 39,069.6 37,071.7 33,228.2 30,850.8 21,374 20,616.6 20,092.9 18,599.7 17,341 16,191 15,078.9 14,111.9 13,516.2 14,842.7 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 5,788.8 6,514 6,485.2 5,625 4,745.9 4,064.9 3,520.4
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 16.6 16.6 16.6 16.6 16.6 16.6 16.6 16.6 16.6 0 0 0 0 0 0 0 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 44,594.5 43,294.5 41,751.2 39,278 36,707.5 33,811.7 31,270.8 28,953.9 26,461.5 25,845.6 23,516 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 6,727.3 5,925.2 5,214.5 4,546 3,935.2 3,396 2,893.2
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) (2,879.8) (1,519.7) 427.6 796.4 449.7 752.9 747.4 101.3 1,337.4 (296.7) (733.1) (178.8) (726) (1,699.7) (1,815.5) (1,402.3) (1,020.1) 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity (1,791) (3,796) (4,706) (6,003.4) (4,601) (7,824.9) (8,210.3) (6,258.4) (3,268) (2,204.3) 7,087.9 12,853.4 16,009.7 15,293.6 14,390.2 14,634.2 14,033.9 13,382.6 15,279.8 15,458.3 15,146.1 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 5,892.4 4,835.1 4,182.3 3,550 3,412.8 2,916.7 2,448.1
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 37,938.7 34,227.4 36,626.3 35,386.5 32,989.9 31,975.2 30,224.9 28,461.5 29,391.7 28,974.5 29,988.8 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 11,681.2 11,349.1 10,667.5 9,175 8,158.7 6,981.6 5,968.5
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 24,122.1 14,935.7 14,129.8 13,632.5 12,500.4 11,505.3 10,578.4 10,217.8 9,301.1 8,407.6 10,136.8 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 3,856.8 4,614.8 4,792.4 4,036 3,268.8 2,784.4 2,320.8
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 16,436.6 12,857.8 11,331.1 11,296.4 10,164.7 9,118.3 8,782.4 8,154.4 7,319.8 6,279.5 5,876.2 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 3,420.3 4,394.6 4,649.6 3,899 3,084.4 2,601.2 2,115.7
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 1992 1991 1990 1989
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 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 1,082.5 958.6 859.6 802.3 727
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 1,555.7 1,644.5 1,585.1 1,488.5 1,415 1,276.2 1,216.2 1,207.8 1,214.1 1,249.9 1,249.5 1,201 1,148.2 1,050.8 1,086.3 1,010.7 956.3 881.1 793.8 742.9 709 628.6 568.4 554.9 514.2 493.3 438
Stock-Based Compensation 0 172 175.2 167 139.2 92.4 109.6 125.1 117.5 131.3 110 112.8 89.1 93.4 86.2 83.1 112.9 112.5 142.4 122.5 154.1 0 0 0 0 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) 167 167.9 (63.6) (191.4) (123.1) 40 (129) 171 245.8 (36.2) (163.2) 412.3 190.3 (191) 400.3 2.6 (52.9) 116.9 276.8 73 69.7 154 108.5 (23.5) (121.7) (15.3) 5.6 13
Other Non-Cash Items (191) (33) (216) 162.3 (436.9) (103.4) (79) (194.6) (105.1) 96.9 177.6 369.5 26.8 (92) (82.6) 240.7 (503.1) (63.6) 1,200 (440.6) (43) 405.7 622 491.5 50.4 (244.1) (65.1) 22.9 (65.9) 42.9 10.1 (29.7) 0 11.7 0 (71) 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 6,539.1 6,730.3 7,120.7 6,966.1 7,150.1 6,341.6 5,751 5,917.2 4,876.3 4,341.5 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 1,425.9 1,423.2 1,301 1,246
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) (1,813.9) (2,583.4) (2,824.7) (3,049.2) (2,729.8) (2,135.5) (1,952.1) (2,135.7) (1,946.6) (1,741.9) (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) (1,151) (1,128.8) (1,570.7) (1,555)
Acquisitions 244 (2,195) (246) (322.2) (178) 37.6 (48.9) 589.5 2,494.8 866.1 413.6 319.4 259.1 236.2 325 194.5 260.3 331.8 (228.8) 358.8 (343.5) 0 0 0 0 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 (50) 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 50 144.9 229.4 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) (19.7) (40.9) (108.2) (354.3) (166.1) (115) (108.4) (50.2) 1,025.3 109.7 132.5 185.9 313.6 85.6 169.6 158 (53.3) 49.5 7.6 (57.3) (45.3) 32.7 98.9 152.3 189.1 48.2 42
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) (1,420) (2,304.9) (2,673.8) (3,167.3) (2,570.9) (2,056) (1,655.3) (1,624.7) (1,150.1) (1,273.4) (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) (998.7) (939.7) (1,522.5) (1,513)
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 9,755.2 1,502.9 535.3 1,204.6 1,003.9 787.4 219.3 1,045.7 572.6 (2,264.7) 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 (515) (279.5) 497.6 601
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) (6,099.2) (3,198.6) (1,777.8) (2,615.1) (3,363.1) (2,698.5) (2,797.4) (3,919.3) (3,943) (2,959.4) (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) (79.7) (109.2) (160.3) (479)
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) (3,230.3) (3,216.1) (3,114.6) (2,896.6) (2,609.7) (2,408.1) (2,235.5) (1,823.4) (1,765.6) (1,216.5) (842) (695) (503.5) (297.4) (287.7) (280.7) (264.7) (240.5) (247.7) (232) (226.5) (215.7) (201.2) (160.5) (148.3) (133.3) (115)
Other Financing Activities (167) 270 220 286.4 239 173.5 327 383.2 436.3 296.4 309.6 293.5 314.1 457.3 435.9 127.4 392.6 582.5 1,139.7 272.6 25.2 (82.5) (121.9) 310.9 204.8 88.9 193 207.6 145.7 157 63.6 39.4 62.6 59.4 30.9 23.4 13
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) 735.3 (4,618.3) (4,043) (3,849.8) (4,533) (3,728.7) (4,421) (4,114.5) (3,996.3) (5,192.3) 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) (210.9) (406.1) 227.4 220
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) 5,607.6 (720.8) 462.6 0.4 (51.3) 591 (267.4) 82.1 (146.8) (2,124.2) 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) (210.9) (406.1) 227.4 220
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 2,077.9 2,798.7 2,336.1 2,335.7 2,387 1,796 2,063.4 1,981.3 2,128.1 4,260.6 1,379.8 492.8 330.4 418.1 421.7 419.5 299.2 341.4 329.9 334.8 179.9 185.8 436.5 220.2 142.8 136.9 184
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 7,685.5 2,077.9 2,798.7 2,336.1 2,335.7 2,387 1,796 2,063.4 1,981.3 2,136.4 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) 9.3 (263.3) 364.3 404
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 4,725.2 4,146.9 4,296 3,916.9 4,420.3 4,206.1 3,798.9 3,781.5 2,929.7 2,599.6 2,730 2,334.6 1,585.6 337.9 450.5 380.9 800.4 768.6 217.5 (52) 232.5 387.6 362.9 274.9 294.4 (269.7) (309)
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 1992 1991 1990 1989 1988 1987 1986
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 7,133.3 6,695 6,639.6 6,142 5,566.3 4,893.5 4,143.5
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 5,999.4 5,581.7 5,449.5 2,560 2,278.4 2,025.3 2,335.6
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 1,797.6 1,564.7 1,500.6 1,459 1,283.7 1,161.8 924.3
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 1,082.5 958.6 859.6 802.3 727 645.9 549.1 479.7
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 0.64 0.57 0.54 0.48 0.43 0.37 0.32
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 7,685.5 2,077.9 2,798.7 2,336.1 2,335.7 2,387 1,796 2,063.4 1,981.3 2,128.1 4,260.6 1,379.8 492.8 330.4 418.1 421.7 419.5 299.2 341.4 329.9 334.8 179.9 185.8 436.5 220.2 142.8 137 184.4 183.2 205.1
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 37,938.7 34,227.4 36,626.3 35,386.5 32,989.9 31,975.2 30,224.9 28,461.5 29,391.7 28,974.5 29,988.8 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 11,681.2 11,349.1 10,667.5 9,175 8,158.7 6,981.6 5,968.5
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 24,122.1 14,935.7 14,129.8 13,632.5 12,500.4 11,505.3 10,578.4 10,217.8 9,301.1 8,407.6 10,136.8 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 3,856.8 4,614.8 4,792.4 4,036 3,268.8 2,784.4 2,320.8
Stockholders' Equity (1,791) (3,796) (4,706) (6,003.4) (4,601) (7,824.9) (8,210.3) (6,258.4) (3,268) (2,204.3) 7,087.9 12,853.4 16,009.7 15,293.6 14,390.2 14,634.2 14,033.9 13,382.6 15,279.8 15,458.3 15,146.1 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 5,892.4 4,835.1 4,182.3 3,550 3,412.8 2,916.7 2,448.1
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 6,539.1 6,730.3 7,120.7 6,966.1 7,150.1 6,341.6 5,751 5,917.2 4,876.3 4,341.5 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 1,425.9 1,423.2 1,301 1,246
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) (1,813.9) (2,583.4) (2,824.7) (3,049.2) (2,729.8) (2,135.5) (1,952.1) (2,135.7) (1,946.6) (1,741.9) (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) (1,151) (1,128.8) (1,570.7) (1,555)
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 4,725.2 4,146.9 4,296 3,916.9 4,420.3 4,206.1 3,798.9 3,781.5 2,929.7 2,599.6 2,730 2,334.6 1,585.6 337.9 450.5 380.9 800.4 768.6 217.5 (52) 232.5 387.6 362.9 274.9 294.4 (269.7) (309)