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Side-by-side financial comparison of McDonald's (MCD) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.

McDonald's is the larger business by last-quarter revenue ($7.0B vs $3.8B, roughly 1.9× Stanley Black & Decker). McDonald's runs the higher net margin — 30.9% vs 1.4%, a 29.5% gap on every dollar of revenue. On growth, McDonald's posted the faster year-over-year revenue change (9.7% vs 0.1%). McDonald's produced more free cash flow last quarter ($1.6B vs $155.3M). Over the past eight quarters, McDonald's's revenue compounded faster (6.6% CAGR vs 0.3%).

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.

Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.

MCD vs SWK — Head-to-Head

Bigger by revenue
MCD
MCD
1.9× larger
MCD
$7.0B
$3.8B
SWK
Growing faster (revenue YoY)
MCD
MCD
+9.6% gap
MCD
9.7%
0.1%
SWK
Higher net margin
MCD
MCD
29.5% more per $
MCD
30.9%
1.4%
SWK
More free cash flow
MCD
MCD
$1.5B more FCF
MCD
$1.6B
$155.3M
SWK
Faster 2-yr revenue CAGR
MCD
MCD
Annualised
MCD
6.6%
0.3%
SWK

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MCD
MCD
SWK
SWK
Revenue
$7.0B
$3.8B
Net Profit
$2.2B
$51.4M
Gross Margin
31.4%
Operating Margin
45.0%
Net Margin
30.9%
1.4%
Revenue YoY
9.7%
0.1%
Net Profit YoY
7.3%
-43.6%
EPS (diluted)
$3.03
$0.34

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.

Revenue
MCD
MCD
SWK
SWK
Q4 25
$7.0B
Q3 25
$7.1B
$3.8B
Q2 25
$6.8B
$3.9B
Q1 25
$6.0B
$3.7B
Q4 24
$6.4B
$3.7B
Q3 24
$6.9B
$3.8B
Q2 24
$6.5B
$4.0B
Q1 24
$6.2B
$3.9B
Net Profit
MCD
MCD
SWK
SWK
Q4 25
$2.2B
Q3 25
$2.3B
$51.4M
Q2 25
$2.3B
$101.9M
Q1 25
$1.9B
$90.4M
Q4 24
$2.0B
$194.9M
Q3 24
$2.3B
$91.1M
Q2 24
$2.0B
$-11.2M
Q1 24
$1.9B
$19.5M
Gross Margin
MCD
MCD
SWK
SWK
Q4 25
Q3 25
90.6%
31.4%
Q2 25
90.4%
27.0%
Q1 25
89.6%
29.9%
Q4 24
30.8%
Q3 24
90.6%
29.9%
Q2 24
90.3%
28.4%
Q1 24
89.8%
28.6%
Operating Margin
MCD
MCD
SWK
SWK
Q4 25
45.0%
Q3 25
47.4%
Q2 25
47.2%
Q1 25
44.5%
Q4 24
44.9%
3.4%
Q3 24
46.4%
10.6%
Q2 24
45.0%
9.5%
Q1 24
44.4%
8.3%
Net Margin
MCD
MCD
SWK
SWK
Q4 25
30.9%
Q3 25
32.2%
1.4%
Q2 25
32.9%
2.6%
Q1 25
31.4%
2.4%
Q4 24
31.6%
5.2%
Q3 24
32.8%
2.4%
Q2 24
31.2%
-0.3%
Q1 24
31.3%
0.5%
EPS (diluted)
MCD
MCD
SWK
SWK
Q4 25
$3.03
Q3 25
$3.18
$0.34
Q2 25
$3.14
$0.67
Q1 25
$2.60
$0.60
Q4 24
$2.80
$1.29
Q3 24
$3.13
$0.60
Q2 24
$2.80
$-0.07
Q1 24
$2.66
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MCD
MCD
SWK
SWK
Cash + ST InvestmentsLiquidity on hand
$774.0M
$268.3M
Total DebtLower is stronger
$40.0B
$5.3B
Stockholders' EquityBook value
$-1.8B
$9.0B
Total Assets
$59.5B
$21.8B
Debt / EquityLower = less leverage
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MCD
MCD
SWK
SWK
Q4 25
$774.0M
Q3 25
$2.4B
$268.3M
Q2 25
$1.9B
$311.8M
Q1 25
$1.2B
$344.8M
Q4 24
$1.1B
$290.5M
Q3 24
$1.2B
$298.7M
Q2 24
$792.0M
$318.5M
Q1 24
$838.0M
$476.6M
Total Debt
MCD
MCD
SWK
SWK
Q4 25
$40.0B
Q3 25
$5.3B
Q2 25
$5.6B
Q1 25
$5.6B
Q4 24
$38.4B
$6.1B
Q3 24
$6.1B
Q2 24
$6.1B
Q1 24
$6.1B
Stockholders' Equity
MCD
MCD
SWK
SWK
Q4 25
$-1.8B
Q3 25
$-2.2B
$9.0B
Q2 25
$-2.8B
$9.1B
Q1 25
$-3.5B
$8.8B
Q4 24
$-3.8B
$8.7B
Q3 24
$-5.2B
$8.9B
Q2 24
$-4.8B
$8.7B
Q1 24
$-4.8B
$8.9B
Total Assets
MCD
MCD
SWK
SWK
Q4 25
$59.5B
Q3 25
$60.6B
$21.8B
Q2 25
$59.6B
$22.5B
Q1 25
$56.3B
$22.5B
Q4 24
$55.2B
$21.8B
Q3 24
$56.2B
$22.5B
Q2 24
$53.8B
$22.5B
Q1 24
$53.5B
$23.9B
Debt / Equity
MCD
MCD
SWK
SWK
Q4 25
Q3 25
0.59×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.70×
Q3 24
0.69×
Q2 24
0.70×
Q1 24
0.69×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MCD
MCD
SWK
SWK
Operating Cash FlowLast quarter
$2.7B
$221.2M
Free Cash FlowOCF − Capex
$1.6B
$155.3M
FCF MarginFCF / Revenue
23.4%
4.1%
Capex IntensityCapex / Revenue
15.1%
1.8%
Cash ConversionOCF / Net Profit
1.25×
4.30×
TTM Free Cash FlowTrailing 4 quarters
$7.2B
$369.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MCD
MCD
SWK
SWK
Q4 25
$2.7B
Q3 25
$3.4B
$221.2M
Q2 25
$2.0B
$214.3M
Q1 25
$2.4B
$-420.0M
Q4 24
$2.6B
$679.1M
Q3 24
$2.7B
$285.8M
Q2 24
$1.7B
$573.0M
Q1 24
$2.4B
$-431.0M
Free Cash Flow
MCD
MCD
SWK
SWK
Q4 25
$1.6B
Q3 25
$2.4B
$155.3M
Q2 25
$1.3B
$134.7M
Q1 25
$1.9B
$-485.0M
Q4 24
$1.8B
$564.6M
Q3 24
$1.9B
$199.3M
Q2 24
$1.1B
$485.8M
Q1 24
$1.8B
$-496.7M
FCF Margin
MCD
MCD
SWK
SWK
Q4 25
23.4%
Q3 25
34.1%
4.1%
Q2 25
18.3%
3.4%
Q1 25
31.5%
-13.0%
Q4 24
28.6%
15.2%
Q3 24
28.3%
5.3%
Q2 24
16.3%
12.1%
Q1 24
29.9%
-12.8%
Capex Intensity
MCD
MCD
SWK
SWK
Q4 25
15.1%
Q3 25
14.3%
1.8%
Q2 25
10.9%
2.0%
Q1 25
9.3%
1.7%
Q4 24
12.6%
3.1%
Q3 24
11.6%
2.3%
Q2 24
9.7%
2.2%
Q1 24
8.9%
1.7%
Cash Conversion
MCD
MCD
SWK
SWK
Q4 25
1.25×
Q3 25
1.50×
4.30×
Q2 25
0.89×
2.10×
Q1 25
1.30×
-4.65×
Q4 24
1.30×
3.48×
Q3 24
1.21×
3.14×
Q2 24
0.84×
Q1 24
1.24×
-22.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MCD
MCD

International Operated Markets$3.6B51%
Other$2.8B40%
International Developmental Licensed Marketsand Corporate$633.0M9%

SWK
SWK

Tools And Outdoor Segment$3.3B87%
Engineered Fastening Segment$500.5M13%

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