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Side-by-side financial comparison of McDonald's (MCD) and Universal Health Services (UHS). Click either name above to swap in a different company.
McDonald's is the larger business by last-quarter revenue ($7.0B vs $4.5B, roughly 1.6× Universal Health Services). McDonald's runs the higher net margin — 30.9% vs 8.0%, a 22.9% gap on every dollar of revenue. On growth, McDonald's posted the faster year-over-year revenue change (9.7% vs 8.2%). Over the past eight quarters, Universal Health Services's revenue compounded faster (7.3% 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.
Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2024, UHS reported total revenues of $15.8 billion.
MCD vs UHS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| Revenue | $7.0B | $4.5B |
| Net Profit | $2.2B | $358.7M |
| Gross Margin | — | — |
| Operating Margin | 45.0% | 11.2% |
| Net Margin | 30.9% | 8.0% |
| Revenue YoY | 9.7% | 8.2% |
| Net Profit YoY | 7.3% | 11.5% |
| EPS (diluted) | $3.03 | $5.65 |
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 | — | $4.5B | ||
| Q4 25 | $7.0B | $4.5B | ||
| Q3 25 | $7.1B | $4.5B | ||
| Q2 25 | $6.8B | $4.3B | ||
| Q1 25 | $6.0B | $4.1B | ||
| Q4 24 | $6.4B | $4.1B | ||
| Q3 24 | $6.9B | $4.0B | ||
| Q2 24 | $6.5B | $3.9B |
| Q1 26 | — | $358.7M | ||
| Q4 25 | $2.2B | $445.9M | ||
| Q3 25 | $2.3B | $373.0M | ||
| Q2 25 | $2.3B | $353.2M | ||
| Q1 25 | $1.9B | $316.7M | ||
| Q4 24 | $2.0B | $332.4M | ||
| Q3 24 | $2.3B | $258.7M | ||
| Q2 24 | $2.0B | $289.2M |
| 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 | — | 11.2% | ||
| Q4 25 | 45.0% | 11.5% | ||
| Q3 25 | 47.4% | 11.6% | ||
| Q2 25 | 47.2% | 11.7% | ||
| Q1 25 | 44.5% | 11.1% | ||
| Q4 24 | 44.9% | 11.5% | ||
| Q3 24 | 46.4% | 9.7% | ||
| Q2 24 | 45.0% | 11.2% |
| Q1 26 | — | 8.0% | ||
| Q4 25 | 30.9% | 9.9% | ||
| Q3 25 | 32.2% | 8.3% | ||
| Q2 25 | 32.9% | 8.2% | ||
| Q1 25 | 31.4% | 7.7% | ||
| Q4 24 | 31.6% | 8.1% | ||
| Q3 24 | 32.8% | 6.5% | ||
| Q2 24 | 31.2% | 7.4% |
| Q1 26 | — | $5.65 | ||
| Q4 25 | $3.03 | $7.01 | ||
| Q3 25 | $3.18 | $5.86 | ||
| Q2 25 | $3.14 | $5.43 | ||
| Q1 25 | $2.60 | $4.80 | ||
| Q4 24 | $2.80 | $4.94 | ||
| Q3 24 | $3.13 | $3.80 | ||
| Q2 24 | $2.80 | $4.26 |
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 | $119.0M |
| Total DebtLower is stronger | $40.0B | $4.7B |
| Stockholders' EquityBook value | $-1.8B | $7.5B |
| Total Assets | $59.5B | $15.7B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $119.0M | ||
| Q4 25 | $774.0M | $137.8M | ||
| Q3 25 | $2.4B | $112.9M | ||
| Q2 25 | $1.9B | $137.6M | ||
| Q1 25 | $1.2B | $126.8M | ||
| Q4 24 | $1.1B | $126.0M | ||
| Q3 24 | $1.2B | $106.1M | ||
| Q2 24 | $792.0M | $128.8M |
| Q1 26 | — | $4.7B | ||
| Q4 25 | $40.0B | $4.8B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | $38.4B | $4.5B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.5B |
| Q1 26 | — | $7.5B | ||
| Q4 25 | $-1.8B | $7.3B | ||
| Q3 25 | $-2.2B | $7.2B | ||
| Q2 25 | $-2.8B | $7.0B | ||
| Q1 25 | $-3.5B | $6.8B | ||
| Q4 24 | $-3.8B | $6.7B | ||
| Q3 24 | $-5.2B | $6.6B | ||
| Q2 24 | $-4.8B | $6.5B |
| Q1 26 | — | $15.7B | ||
| Q4 25 | $59.5B | $15.5B | ||
| Q3 25 | $60.6B | $15.3B | ||
| Q2 25 | $59.6B | $15.0B | ||
| Q1 25 | $56.3B | $14.9B | ||
| Q4 24 | $55.2B | $14.5B | ||
| Q3 24 | $56.2B | $14.4B | ||
| Q2 24 | $53.8B | $14.1B |
| Q1 26 | — | 0.63× | ||
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.71× | ||
| Q2 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 | ||
|---|---|---|
| Operating Cash FlowLast quarter | $2.7B | $401.6M |
| Free Cash FlowOCF − Capex | $1.6B | — |
| FCF MarginFCF / Revenue | 23.4% | — |
| Capex IntensityCapex / Revenue | 15.1% | 4.8% |
| Cash ConversionOCF / Net Profit | 1.25× | 1.12× |
| TTM Free Cash FlowTrailing 4 quarters | $7.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $401.6M | ||
| Q4 25 | $2.7B | $574.7M | ||
| Q3 25 | $3.4B | $380.7M | ||
| Q2 25 | $2.0B | $549.0M | ||
| Q1 25 | $2.4B | $360.0M | ||
| Q4 24 | $2.6B | $658.4M | ||
| Q3 24 | $2.7B | $333.0M | ||
| Q2 24 | $1.7B | $679.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $293.5M | ||
| Q3 25 | $2.4B | $151.8M | ||
| Q2 25 | $1.3B | $283.0M | ||
| Q1 25 | $1.9B | $121.0M | ||
| Q4 24 | $1.8B | $412.5M | ||
| Q3 24 | $1.9B | $85.0M | ||
| Q2 24 | $1.1B | $437.9M |
| Q1 26 | — | — | ||
| Q4 25 | 23.4% | 6.5% | ||
| Q3 25 | 34.1% | 3.4% | ||
| Q2 25 | 18.3% | 6.6% | ||
| Q1 25 | 31.5% | 3.0% | ||
| Q4 24 | 28.6% | 10.0% | ||
| Q3 24 | 28.3% | 2.1% | ||
| Q2 24 | 16.3% | 11.2% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 15.1% | 6.3% | ||
| Q3 25 | 14.3% | 5.1% | ||
| Q2 25 | 10.9% | 6.2% | ||
| Q1 25 | 9.3% | 5.8% | ||
| Q4 24 | 12.6% | 6.0% | ||
| Q3 24 | 11.6% | 6.3% | ||
| Q2 24 | 9.7% | 6.2% |
| Q1 26 | — | 1.12× | ||
| Q4 25 | 1.25× | 1.29× | ||
| Q3 25 | 1.50× | 1.02× | ||
| Q2 25 | 0.89× | 1.55× | ||
| Q1 25 | 1.30× | 1.14× | ||
| Q4 24 | 1.30× | 1.98× | ||
| Q3 24 | 1.21× | 1.29× | ||
| Q2 24 | 0.84× | 2.35× |
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% |
UHS
Segment breakdown not available.