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Side-by-side financial comparison of McDonald's (MCD) and TE Connectivity (TEL). Click either name above to swap in a different company.
McDonald's is the larger business by last-quarter revenue ($7.0B vs $4.7B, roughly 1.5× TE Connectivity). McDonald's runs the higher net margin — 30.9% vs 18.0%, a 12.9% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (14.5% vs 9.7%). McDonald's produced more free cash flow last quarter ($1.6B vs $680.0M). Over the past eight quarters, TE Connectivity's revenue compounded faster (9.2% 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.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
MCD vs TEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.0B | $4.7B |
| Net Profit | $2.2B | $855.0M |
| Gross Margin | — | 36.8% |
| Operating Margin | 45.0% | 20.1% |
| Net Margin | 30.9% | 18.0% |
| Revenue YoY | 9.7% | 14.5% |
| Net Profit YoY | 7.3% | 58.0% |
| EPS (diluted) | $3.03 | $2.90 |
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 | — | $4.7B | ||
| Q4 25 | $7.0B | $4.7B | ||
| Q3 25 | $7.1B | $4.7B | ||
| Q2 25 | $6.8B | $4.5B | ||
| Q1 25 | $6.0B | $4.1B | ||
| Q4 24 | $6.4B | $3.8B | ||
| Q3 24 | $6.9B | $4.1B | ||
| Q2 24 | $6.5B | $4.0B |
| Q1 26 | — | $855.0M | ||
| Q4 25 | $2.2B | $750.0M | ||
| Q3 25 | $2.3B | $663.0M | ||
| Q2 25 | $2.3B | $638.0M | ||
| Q1 25 | $1.9B | $13.0M | ||
| Q4 24 | $2.0B | $528.0M | ||
| Q3 24 | $2.3B | $276.0M | ||
| Q2 24 | $2.0B | $573.0M |
| Q1 26 | — | 36.8% | ||
| Q4 25 | — | 37.2% | ||
| Q3 25 | 90.6% | 35.0% | ||
| Q2 25 | 90.4% | 35.3% | ||
| Q1 25 | 89.6% | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | 90.6% | 34.0% | ||
| Q2 24 | 90.3% | 34.8% |
| Q1 26 | — | 20.1% | ||
| Q4 25 | 45.0% | 20.6% | ||
| Q3 25 | 47.4% | 19.3% | ||
| Q2 25 | 47.2% | 18.9% | ||
| Q1 25 | 44.5% | 18.1% | ||
| Q4 24 | 44.9% | 18.0% | ||
| Q3 24 | 46.4% | 16.0% | ||
| Q2 24 | 45.0% | 19.0% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | 30.9% | 16.1% | ||
| Q3 25 | 32.2% | 14.0% | ||
| Q2 25 | 32.9% | 14.1% | ||
| Q1 25 | 31.4% | 0.3% | ||
| Q4 24 | 31.6% | 13.8% | ||
| Q3 24 | 32.8% | 6.8% | ||
| Q2 24 | 31.2% | 14.4% |
| Q1 26 | — | $2.90 | ||
| Q4 25 | $3.03 | $2.53 | ||
| Q3 25 | $3.18 | $2.23 | ||
| Q2 25 | $3.14 | $2.14 | ||
| Q1 25 | $2.60 | $0.04 | ||
| Q4 24 | $2.80 | $1.75 | ||
| Q3 24 | $3.13 | $0.96 | ||
| Q2 24 | $2.80 | $1.86 |
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 | $1.1B |
| Total DebtLower is stronger | $40.0B | $5.7B |
| Stockholders' EquityBook value | $-1.8B | $13.2B |
| Total Assets | $59.5B | $25.7B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $774.0M | $1.3B | ||
| Q3 25 | $2.4B | $1.3B | ||
| Q2 25 | $1.9B | $672.0M | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $792.0M | $1.5B |
| Q1 26 | — | $5.7B | ||
| Q4 25 | $40.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $38.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $13.2B | ||
| Q4 25 | $-1.8B | $13.0B | ||
| Q3 25 | $-2.2B | $12.6B | ||
| Q2 25 | $-2.8B | $12.4B | ||
| Q1 25 | $-3.5B | $12.1B | ||
| Q4 24 | $-3.8B | $12.4B | ||
| Q3 24 | $-5.2B | $12.4B | ||
| Q2 24 | $-4.8B | $12.6B |
| Q1 26 | — | $25.7B | ||
| Q4 25 | $59.5B | $25.6B | ||
| Q3 25 | $60.6B | $25.1B | ||
| Q2 25 | $59.6B | $24.9B | ||
| Q1 25 | $56.3B | $23.7B | ||
| Q4 24 | $55.2B | $22.4B | ||
| Q3 24 | $56.2B | $22.9B | ||
| Q2 24 | $53.8B | $22.9B |
| Q1 26 | — | 0.43× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $947.0M |
| Free Cash FlowOCF − Capex | $1.6B | $680.0M |
| FCF MarginFCF / Revenue | 23.4% | 14.3% |
| Capex IntensityCapex / Revenue | 15.1% | 5.7% |
| Cash ConversionOCF / Net Profit | 1.25× | 1.11× |
| TTM Free Cash FlowTrailing 4 quarters | $7.2B | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $947.0M | ||
| Q4 25 | $2.7B | $865.0M | ||
| Q3 25 | $3.4B | $1.4B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $2.4B | $653.0M | ||
| Q4 24 | $2.6B | $878.0M | ||
| Q3 24 | $2.7B | $1.0B | ||
| Q2 24 | $1.7B | $1.0B |
| Q1 26 | — | $680.0M | ||
| Q4 25 | $1.6B | $607.0M | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $1.3B | $957.0M | ||
| Q1 25 | $1.9B | $423.0M | ||
| Q4 24 | $1.8B | $673.0M | ||
| Q3 24 | $1.9B | $829.0M | ||
| Q2 24 | $1.1B | $857.0M |
| Q1 26 | — | 14.3% | ||
| Q4 25 | 23.4% | 13.0% | ||
| Q3 25 | 34.1% | 24.2% | ||
| Q2 25 | 18.3% | 21.1% | ||
| Q1 25 | 31.5% | 10.2% | ||
| Q4 24 | 28.6% | 17.5% | ||
| Q3 24 | 28.3% | 20.4% | ||
| Q2 24 | 16.3% | 21.5% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | 15.1% | 5.5% | ||
| Q3 25 | 14.3% | 5.7% | ||
| Q2 25 | 10.9% | 5.1% | ||
| Q1 25 | 9.3% | 5.6% | ||
| Q4 24 | 12.6% | 5.3% | ||
| Q3 24 | 11.6% | 5.2% | ||
| Q2 24 | 9.7% | 3.7% |
| Q1 26 | — | 1.11× | ||
| Q4 25 | 1.25× | 1.15× | ||
| Q3 25 | 1.50× | 2.14× | ||
| Q2 25 | 0.89× | 1.86× | ||
| Q1 25 | 1.30× | 50.23× | ||
| Q4 24 | 1.30× | 1.66× | ||
| Q3 24 | 1.21× | 3.78× | ||
| Q2 24 | 0.84× | 1.76× |
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% |
TEL
Segment breakdown not available.
