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Side-by-side financial comparison of McDonald's (MCD) and Williams Companies (WMB). 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 1.8× Williams Companies). McDonald's runs the higher net margin — 30.9% vs 19.1%, a 11.8% gap on every dollar of revenue. On growth, Williams Companies posted the faster year-over-year revenue change (12.7% vs 9.7%). McDonald's produced more free cash flow last quarter ($1.6B vs $-379.0M). Over the past eight quarters, Williams Companies'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.
The Williams Companies, Inc. is an American energy company based in Tulsa, Oklahoma. Its core business is natural gas processing and transportation, with additional petroleum and electricity generation assets. A Fortune 500 company, its common stock is a component of the S&P 500.
MCD vs WMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.0B | $3.8B |
| Net Profit | $2.2B | $734.0M |
| Gross Margin | — | — |
| Operating Margin | 45.0% | 27.3% |
| Net Margin | 30.9% | 19.1% |
| Revenue YoY | 9.7% | 12.7% |
| Net Profit YoY | 7.3% | 51.0% |
| EPS (diluted) | $3.03 | $0.60 |
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.
| Q4 25 | $7.0B | $3.8B | ||
| Q3 25 | $7.1B | $3.5B | ||
| Q2 25 | $6.8B | $3.4B | ||
| Q1 25 | $6.0B | $4.2B | ||
| Q4 24 | $6.4B | $3.4B | ||
| Q3 24 | $6.9B | $3.0B | ||
| Q2 24 | $6.5B | $2.8B | ||
| Q1 24 | $6.2B | $3.3B |
| Q4 25 | $2.2B | $734.0M | ||
| Q3 25 | $2.3B | $647.0M | ||
| Q2 25 | $2.3B | $546.0M | ||
| Q1 25 | $1.9B | $691.0M | ||
| Q4 24 | $2.0B | $486.0M | ||
| Q3 24 | $2.3B | $706.0M | ||
| Q2 24 | $2.0B | $401.0M | ||
| Q1 24 | $1.9B | $632.0M |
| 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 24 | 89.8% | — |
| Q4 25 | 45.0% | 27.3% | ||
| Q3 25 | 47.4% | 31.8% | ||
| Q2 25 | 47.2% | 28.0% | ||
| Q1 25 | 44.5% | 26.1% | ||
| Q4 24 | 44.9% | 23.2% | ||
| Q3 24 | 46.4% | 27.6% | ||
| Q2 24 | 45.0% | 24.4% | ||
| Q1 24 | 44.4% | 30.3% |
| Q4 25 | 30.9% | 19.1% | ||
| Q3 25 | 32.2% | 18.5% | ||
| Q2 25 | 32.9% | 16.2% | ||
| Q1 25 | 31.4% | 16.5% | ||
| Q4 24 | 31.6% | 14.2% | ||
| Q3 24 | 32.8% | 23.3% | ||
| Q2 24 | 31.2% | 14.1% | ||
| Q1 24 | 31.3% | 18.9% |
| Q4 25 | $3.03 | $0.60 | ||
| Q3 25 | $3.18 | $0.53 | ||
| Q2 25 | $3.14 | $0.45 | ||
| Q1 25 | $2.60 | $0.56 | ||
| Q4 24 | $2.80 | $0.39 | ||
| Q3 24 | $3.13 | $0.58 | ||
| Q2 24 | $2.80 | $0.33 | ||
| Q1 24 | $2.66 | $0.52 |
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 | $27.3B |
| Stockholders' EquityBook value | $-1.8B | $12.8B |
| Total Assets | $59.5B | $58.6B |
| Debt / EquityLower = less leverage | — | 2.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $774.0M | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $792.0M | — | ||
| Q1 24 | $838.0M | — |
| Q4 25 | $40.0B | $27.3B | ||
| Q3 25 | — | $25.6B | ||
| Q2 25 | — | $25.6B | ||
| Q1 25 | — | $24.1B | ||
| Q4 24 | $38.4B | $24.7B | ||
| Q3 24 | — | $24.8B | ||
| Q2 24 | — | $24.1B | ||
| Q1 24 | — | $24.1B |
| Q4 25 | $-1.8B | $12.8B | ||
| Q3 25 | $-2.2B | $12.5B | ||
| Q2 25 | $-2.8B | $12.4B | ||
| Q1 25 | $-3.5B | $12.5B | ||
| Q4 24 | $-3.8B | $12.4B | ||
| Q3 24 | $-5.2B | $12.4B | ||
| Q2 24 | $-4.8B | $12.3B | ||
| Q1 24 | $-4.8B | $12.4B |
| Q4 25 | $59.5B | $58.6B | ||
| Q3 25 | $60.6B | $55.7B | ||
| Q2 25 | $59.6B | $56.1B | ||
| Q1 25 | $56.3B | $54.9B | ||
| Q4 24 | $55.2B | $54.5B | ||
| Q3 24 | $56.2B | $53.8B | ||
| Q2 24 | $53.8B | $52.4B | ||
| Q1 24 | $53.5B | $52.7B |
| Q4 25 | — | 2.13× | ||
| Q3 25 | — | 2.04× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 1.96× | ||
| Q1 24 | — | 1.94× |
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 | $1.6B |
| Free Cash FlowOCF − Capex | $1.6B | $-379.0M |
| FCF MarginFCF / Revenue | 23.4% | -9.9% |
| Capex IntensityCapex / Revenue | 15.1% | 50.9% |
| Cash ConversionOCF / Net Profit | 1.25× | 2.15× |
| TTM Free Cash FlowTrailing 4 quarters | $7.2B | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7B | $1.6B | ||
| Q3 25 | $3.4B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $2.6B | $1.2B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $2.4B | $1.2B |
| Q4 25 | $1.6B | $-379.0M | ||
| Q3 25 | $2.4B | $485.0M | ||
| Q2 25 | $1.3B | $478.0M | ||
| Q1 25 | $1.9B | $421.0M | ||
| Q4 24 | $1.8B | $450.0M | ||
| Q3 24 | $1.9B | $561.0M | ||
| Q2 24 | $1.1B | $700.0M | ||
| Q1 24 | $1.8B | $690.0M |
| Q4 25 | 23.4% | -9.9% | ||
| Q3 25 | 34.1% | 13.9% | ||
| Q2 25 | 18.3% | 14.2% | ||
| Q1 25 | 31.5% | 10.1% | ||
| Q4 24 | 28.6% | 13.2% | ||
| Q3 24 | 28.3% | 18.5% | ||
| Q2 24 | 16.3% | 24.6% | ||
| Q1 24 | 29.9% | 20.7% |
| Q4 25 | 15.1% | 50.9% | ||
| Q3 25 | 14.3% | 27.3% | ||
| Q2 25 | 10.9% | 28.8% | ||
| Q1 25 | 9.3% | 24.2% | ||
| Q4 24 | 12.6% | 22.5% | ||
| Q3 24 | 11.6% | 22.5% | ||
| Q2 24 | 9.7% | 20.3% | ||
| Q1 24 | 8.9% | 16.3% |
| Q4 25 | 1.25× | 2.15× | ||
| Q3 25 | 1.50× | 2.22× | ||
| Q2 25 | 0.89× | 2.66× | ||
| Q1 25 | 1.30× | 2.07× | ||
| Q4 24 | 1.30× | 2.51× | ||
| Q3 24 | 1.21× | 1.76× | ||
| Q2 24 | 0.84× | 3.19× | ||
| Q1 24 | 1.24× | 1.95× |
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% |
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
