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Side-by-side financial comparison of McDonald's (MCD) and Otis Worldwide (OTIS). Click either name above to swap in a different company.
McDonald's is the larger business by last-quarter revenue ($7.0B vs $3.6B, roughly 2.0× Otis Worldwide). McDonald's runs the higher net margin — 30.9% vs 9.5%, a 21.3% gap on every dollar of revenue. On growth, McDonald's posted the faster year-over-year revenue change (9.7% vs 1.0%). McDonald's produced more free cash flow last quarter ($1.6B vs $380.0M). Over the past eight quarters, McDonald's's revenue compounded faster (6.6% CAGR vs -0.5%).
McDonald's Corporation, doing business as McDonald's, is an American multinational fast food restaurant chain. As of 2024, it is the second-largest by number of locations in the world, behind the Chinese chain Mixue Ice Cream & Tea.
Otis Worldwide Corporation styled as OTIS is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment.
MCD vs OTIS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.0B | $3.6B |
| Net Profit | $2.2B | $340.0M |
| Gross Margin | — | — |
| Operating Margin | 45.0% | 15.1% |
| Net Margin | 30.9% | 9.5% |
| Revenue YoY | 9.7% | 1.0% |
| Net Profit YoY | 7.3% | 750.0% |
| EPS (diluted) | $3.03 | $0.87 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $3.6B | ||
| Q4 25 | $7.0B | $3.8B | ||
| Q3 25 | $7.1B | $3.7B | ||
| Q2 25 | $6.8B | $3.6B | ||
| Q1 25 | $6.0B | $3.4B | ||
| Q4 24 | $6.4B | $3.7B | ||
| Q3 24 | $6.9B | $3.5B | ||
| Q2 24 | $6.5B | $3.6B |
| Q1 26 | — | $340.0M | ||
| Q4 25 | $2.2B | $374.0M | ||
| Q3 25 | $2.3B | $374.0M | ||
| Q2 25 | $2.3B | $393.0M | ||
| Q1 25 | $1.9B | $243.0M | ||
| Q4 24 | $2.0B | $337.0M | ||
| Q3 24 | $2.3B | $540.0M | ||
| Q2 24 | $2.0B | $415.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 90.6% | — | ||
| Q2 25 | 90.4% | — | ||
| Q1 25 | 89.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 90.6% | — | ||
| Q2 24 | 90.3% | — |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 45.0% | 15.5% | ||
| Q3 25 | 47.4% | 15.9% | ||
| Q2 25 | 47.2% | 15.2% | ||
| Q1 25 | 44.5% | 12.3% | ||
| Q4 24 | 44.9% | 14.4% | ||
| Q3 24 | 46.4% | 10.2% | ||
| Q2 24 | 45.0% | 15.8% |
| Q1 26 | — | 9.5% | ||
| Q4 25 | 30.9% | 9.9% | ||
| Q3 25 | 32.2% | 10.1% | ||
| Q2 25 | 32.9% | 10.9% | ||
| Q1 25 | 31.4% | 7.3% | ||
| Q4 24 | 31.6% | 9.2% | ||
| Q3 24 | 32.8% | 15.2% | ||
| Q2 24 | 31.2% | 11.5% |
| Q1 26 | — | $0.87 | ||
| Q4 25 | $3.03 | $0.95 | ||
| Q3 25 | $3.18 | $0.95 | ||
| Q2 25 | $3.14 | $0.99 | ||
| Q1 25 | $2.60 | $0.61 | ||
| Q4 24 | $2.80 | $0.85 | ||
| Q3 24 | $3.13 | $1.34 | ||
| Q2 24 | $2.80 | $1.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $774.0M | $834.0M |
| Total DebtLower is stronger | $40.0B | $6.9B |
| Stockholders' EquityBook value | $-1.8B | — |
| Total Assets | $59.5B | $10.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $834.0M | ||
| Q4 25 | $774.0M | $1.1B | ||
| Q3 25 | $2.4B | $840.0M | ||
| Q2 25 | $1.9B | $688.0M | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.2B | $827.0M | ||
| Q2 24 | $792.0M | $942.0M |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $40.0B | $7.8B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | — | $7.2B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | $38.4B | $8.3B | ||
| Q3 24 | — | $6.9B | ||
| Q2 24 | — | $6.8B |
| Q1 26 | — | — | ||
| Q4 25 | $-1.8B | $-5.4B | ||
| Q3 25 | $-2.2B | $-5.4B | ||
| Q2 25 | $-2.8B | $-5.4B | ||
| Q1 25 | $-3.5B | $-5.1B | ||
| Q4 24 | $-3.8B | $-4.8B | ||
| Q3 24 | $-5.2B | $-4.9B | ||
| Q2 24 | $-4.8B | $-5.0B |
| Q1 26 | — | $10.5B | ||
| Q4 25 | $59.5B | $10.7B | ||
| Q3 25 | $60.6B | $10.8B | ||
| Q2 25 | $59.6B | $10.5B | ||
| Q1 25 | $56.3B | $11.2B | ||
| Q4 24 | $55.2B | $11.3B | ||
| Q3 24 | $56.2B | $10.3B | ||
| Q2 24 | $53.8B | $9.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.7B | — |
| Free Cash FlowOCF − Capex | $1.6B | $380.0M |
| FCF MarginFCF / Revenue | 23.4% | 10.7% |
| Capex IntensityCapex / Revenue | 15.1% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.25× | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.2B | $1.7B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $817.0M | ||
| Q3 25 | $3.4B | $374.0M | ||
| Q2 25 | $2.0B | $215.0M | ||
| Q1 25 | $2.4B | $190.0M | ||
| Q4 24 | $2.6B | $690.0M | ||
| Q3 24 | $2.7B | $394.0M | ||
| Q2 24 | $1.7B | $308.0M |
| Q1 26 | — | $380.0M | ||
| Q4 25 | $1.6B | $772.0M | ||
| Q3 25 | $2.4B | $337.0M | ||
| Q2 25 | $1.3B | $179.0M | ||
| Q1 25 | $1.9B | $156.0M | ||
| Q4 24 | $1.8B | $651.0M | ||
| Q3 24 | $1.9B | $362.0M | ||
| Q2 24 | $1.1B | $284.0M |
| Q1 26 | — | 10.7% | ||
| Q4 25 | 23.4% | 20.3% | ||
| Q3 25 | 34.1% | 9.1% | ||
| Q2 25 | 18.3% | 5.0% | ||
| Q1 25 | 31.5% | 4.7% | ||
| Q4 24 | 28.6% | 17.7% | ||
| Q3 24 | 28.3% | 10.2% | ||
| Q2 24 | 16.3% | 7.9% |
| Q1 26 | — | 0.9% | ||
| Q4 25 | 15.1% | 1.2% | ||
| Q3 25 | 14.3% | 1.0% | ||
| Q2 25 | 10.9% | 1.0% | ||
| Q1 25 | 9.3% | 1.0% | ||
| Q4 24 | 12.6% | 1.1% | ||
| Q3 24 | 11.6% | 0.9% | ||
| Q2 24 | 9.7% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 2.18× | ||
| Q3 25 | 1.50× | 1.00× | ||
| Q2 25 | 0.89× | 0.55× | ||
| Q1 25 | 1.30× | 0.78× | ||
| Q4 24 | 1.30× | 2.05× | ||
| Q3 24 | 1.21× | 0.73× | ||
| Q2 24 | 0.84× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MCD
| International Operated Markets | $3.6B | 51% |
| Other | $2.8B | 40% |
| International Developmental Licensed Marketsand Corporate | $633.0M | 9% |
OTIS
| Service | $2.2B | 61% |
| New Equipment | $1.1B | 32% |
| Other | $230.0M | 6% |
