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Side-by-side financial comparison of McDonald's (MCD) and PG&E Corporation (PCG). Click either name above to swap in a different company.
McDonald's is the larger business by last-quarter revenue ($7.0B vs $6.9B, roughly 1.0× PG&E Corporation). McDonald's runs the higher net margin — 30.9% vs 12.9%, a 18.0% gap on every dollar of revenue. On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 9.7%). Over the past eight quarters, PG&E Corporation's revenue compounded faster (7.2% CAGR vs 6.6%).
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.
Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
MCD vs PCG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.0B | $6.9B |
| Net Profit | $2.2B | $885.0M |
| Gross Margin | — | — |
| Operating Margin | 45.0% | 21.4% |
| Net Margin | 30.9% | 12.9% |
| Revenue YoY | 9.7% | 15.0% |
| Net Profit YoY | 7.3% | 39.6% |
| EPS (diluted) | $3.03 | $0.39 |
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 | — | $6.9B | ||
| Q4 25 | $7.0B | $6.8B | ||
| Q3 25 | $7.1B | $6.3B | ||
| Q2 25 | $6.8B | $5.9B | ||
| Q1 25 | $6.0B | $6.0B | ||
| Q4 24 | $6.4B | $6.6B | ||
| Q3 24 | $6.9B | $5.9B | ||
| Q2 24 | $6.5B | $6.0B |
| Q1 26 | — | $885.0M | ||
| Q4 25 | $2.2B | $670.0M | ||
| Q3 25 | $2.3B | $850.0M | ||
| Q2 25 | $2.3B | $549.0M | ||
| Q1 25 | $1.9B | $634.0M | ||
| Q4 24 | $2.0B | $674.0M | ||
| Q3 24 | $2.3B | $579.0M | ||
| Q2 24 | $2.0B | $524.0M |
| 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 | — | 21.4% | ||
| Q4 25 | 45.0% | 18.0% | ||
| Q3 25 | 47.4% | 19.3% | ||
| Q2 25 | 47.2% | 18.6% | ||
| Q1 25 | 44.5% | 20.4% | ||
| Q4 24 | 44.9% | 15.4% | ||
| Q3 24 | 46.4% | 17.3% | ||
| Q2 24 | 45.0% | 18.9% |
| Q1 26 | — | 12.9% | ||
| Q4 25 | 30.9% | 9.8% | ||
| Q3 25 | 32.2% | 13.6% | ||
| Q2 25 | 32.9% | 9.3% | ||
| Q1 25 | 31.4% | 10.6% | ||
| Q4 24 | 31.6% | 10.2% | ||
| Q3 24 | 32.8% | 9.7% | ||
| Q2 24 | 31.2% | 8.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $3.03 | $0.29 | ||
| Q3 25 | $3.18 | $0.37 | ||
| Q2 25 | $3.14 | $0.24 | ||
| Q1 25 | $2.60 | $0.28 | ||
| Q4 24 | $2.80 | $0.30 | ||
| Q3 24 | $3.13 | $0.27 | ||
| Q2 24 | $2.80 | $0.24 |
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 | — |
| Total DebtLower is stronger | $40.0B | — |
| Stockholders' EquityBook value | $-1.8B | — |
| Total Assets | $59.5B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $774.0M | $713.0M | ||
| Q3 25 | $2.4B | $404.0M | ||
| Q2 25 | $1.9B | $494.0M | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $1.1B | $940.0M | ||
| Q3 24 | $1.2B | $895.0M | ||
| Q2 24 | $792.0M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $40.0B | $57.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $38.4B | $53.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $-1.8B | $32.5B | ||
| Q3 25 | $-2.2B | $32.0B | ||
| Q2 25 | $-2.8B | $31.2B | ||
| Q1 25 | $-3.5B | $30.7B | ||
| Q4 24 | $-3.8B | $30.1B | ||
| Q3 24 | $-5.2B | $26.8B | ||
| Q2 24 | $-4.8B | $26.3B |
| Q1 26 | — | — | ||
| Q4 25 | $59.5B | $141.6B | ||
| Q3 25 | $60.6B | $138.2B | ||
| Q2 25 | $59.6B | $136.4B | ||
| Q1 25 | $56.3B | $135.4B | ||
| Q4 24 | $55.2B | $133.7B | ||
| Q3 24 | $56.2B | $132.3B | ||
| Q2 24 | $53.8B | $130.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| FCF MarginFCF / Revenue | 23.4% | — |
| Capex IntensityCapex / Revenue | 15.1% | — |
| Cash ConversionOCF / Net Profit | 1.25× | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $3.4B | $2.9B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $2.4B | $2.8B | ||
| Q4 24 | $2.6B | $1.9B | ||
| Q3 24 | $2.7B | $3.1B | ||
| Q2 24 | $1.7B | $711.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $-1.2B | ||
| Q3 25 | $2.4B | $-80.0M | ||
| Q2 25 | $1.3B | $-2.0B | ||
| Q1 25 | $1.9B | $213.0M | ||
| Q4 24 | $1.8B | $-896.0M | ||
| Q3 24 | $1.9B | $526.0M | ||
| Q2 24 | $1.1B | $-1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 23.4% | -17.6% | ||
| Q3 25 | 34.1% | -1.3% | ||
| Q2 25 | 18.3% | -34.0% | ||
| Q1 25 | 31.5% | 3.6% | ||
| Q4 24 | 28.6% | -13.5% | ||
| Q3 24 | 28.3% | 8.9% | ||
| Q2 24 | 16.3% | -26.5% |
| Q1 26 | — | — | ||
| Q4 25 | 15.1% | 46.4% | ||
| Q3 25 | 14.3% | 46.9% | ||
| Q2 25 | 10.9% | 52.0% | ||
| Q1 25 | 9.3% | 44.0% | ||
| Q4 24 | 12.6% | 42.6% | ||
| Q3 24 | 11.6% | 43.8% | ||
| Q2 24 | 9.7% | 38.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 2.93× | ||
| Q3 25 | 1.50× | 3.35× | ||
| Q2 25 | 0.89× | 1.93× | ||
| Q1 25 | 1.30× | 4.49× | ||
| Q4 24 | 1.30× | 2.87× | ||
| Q3 24 | 1.21× | 5.41× | ||
| Q2 24 | 0.84× | 1.36× |
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% |
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
