vs
Side-by-side financial comparison of McDonald's (MCD) and Block, Inc. (XYZ). Click either name above to swap in a different company.
McDonald's is the larger business by last-quarter revenue ($7.0B vs $6.3B, roughly 1.1× Block, Inc.). McDonald's runs the higher net margin — 30.9% vs 1.9%, a 29.0% gap on every dollar of revenue. On growth, McDonald's posted the faster year-over-year revenue change (9.7% vs 3.6%). McDonald's produced more free cash flow last quarter ($1.6B vs $579.8M). Over the past eight quarters, McDonald's's revenue compounded faster (6.6% CAGR vs 2.4%).
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.
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
MCD vs XYZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.0B | $6.3B |
| Net Profit | $2.2B | $115.8M |
| Gross Margin | — | 45.9% |
| Operating Margin | 45.0% | 7.8% |
| Net Margin | 30.9% | 1.9% |
| Revenue YoY | 9.7% | 3.6% |
| Net Profit YoY | 7.3% | -94.1% |
| EPS (diluted) | $3.03 | $0.19 |
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 | $6.3B | ||
| Q3 25 | $7.1B | $6.1B | ||
| Q2 25 | $6.8B | $6.1B | ||
| Q1 25 | $6.0B | $5.8B | ||
| Q4 24 | $6.4B | $6.0B | ||
| Q3 24 | $6.9B | $6.0B | ||
| Q2 24 | $6.5B | $6.2B | ||
| Q1 24 | $6.2B | $6.0B |
| Q4 25 | $2.2B | $115.8M | ||
| Q3 25 | $2.3B | $461.5M | ||
| Q2 25 | $2.3B | $538.5M | ||
| Q1 25 | $1.9B | $189.9M | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $2.3B | $283.8M | ||
| Q2 24 | $2.0B | $195.3M | ||
| Q1 24 | $1.9B | $472.0M |
| Q4 25 | — | 45.9% | ||
| Q3 25 | 90.6% | 43.5% | ||
| Q2 25 | 90.4% | 41.9% | ||
| Q1 25 | 89.6% | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | 90.6% | 37.6% | ||
| Q2 24 | 90.3% | 36.3% | ||
| Q1 24 | 89.8% | 35.2% |
| Q4 25 | 45.0% | 7.8% | ||
| Q3 25 | 47.4% | 6.7% | ||
| Q2 25 | 47.2% | 8.0% | ||
| Q1 25 | 44.5% | 5.7% | ||
| Q4 24 | 44.9% | 0.2% | ||
| Q3 24 | 46.4% | 5.4% | ||
| Q2 24 | 45.0% | 5.0% | ||
| Q1 24 | 44.4% | 4.2% |
| Q4 25 | 30.9% | 1.9% | ||
| Q3 25 | 32.2% | 7.5% | ||
| Q2 25 | 32.9% | 8.9% | ||
| Q1 25 | 31.4% | 3.3% | ||
| Q4 24 | 31.6% | 32.3% | ||
| Q3 24 | 32.8% | 4.7% | ||
| Q2 24 | 31.2% | 3.2% | ||
| Q1 24 | 31.3% | 7.9% |
| Q4 25 | $3.03 | $0.19 | ||
| Q3 25 | $3.18 | $0.74 | ||
| Q2 25 | $3.14 | $0.87 | ||
| Q1 25 | $2.60 | $0.30 | ||
| Q4 24 | $2.80 | $3.06 | ||
| Q3 24 | $3.13 | $0.45 | ||
| Q2 24 | $2.80 | $0.31 | ||
| Q1 24 | $2.66 | $0.74 |
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 | $6.6B |
| Total DebtLower is stronger | $40.0B | — |
| Stockholders' EquityBook value | $-1.8B | $22.2B |
| Total Assets | $59.5B | $39.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $774.0M | $6.6B | ||
| Q3 25 | $2.4B | $8.3B | ||
| Q2 25 | $1.9B | $6.4B | ||
| Q1 25 | $1.2B | $7.1B | ||
| Q4 24 | $1.1B | $8.1B | ||
| Q3 24 | $1.2B | $8.3B | ||
| Q2 24 | $792.0M | $7.8B | ||
| Q1 24 | $838.0M | $5.8B |
| Q4 25 | $40.0B | — | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | $38.4B | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $-1.8B | $22.2B | ||
| Q3 25 | $-2.2B | $22.5B | ||
| Q2 25 | $-2.8B | $22.2B | ||
| Q1 25 | $-3.5B | $21.5B | ||
| Q4 24 | $-3.8B | $21.3B | ||
| Q3 24 | $-5.2B | $19.9B | ||
| Q2 24 | $-4.8B | $19.3B | ||
| Q1 24 | $-4.8B | $19.0B |
| Q4 25 | $59.5B | $39.5B | ||
| Q3 25 | $60.6B | $39.2B | ||
| Q2 25 | $59.6B | $36.9B | ||
| Q1 25 | $56.3B | $36.4B | ||
| Q4 24 | $55.2B | $36.8B | ||
| Q3 24 | $56.2B | $36.4B | ||
| Q2 24 | $53.8B | $37.5B | ||
| Q1 24 | $53.5B | $35.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.22× |
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 | $621.0M |
| Free Cash FlowOCF − Capex | $1.6B | $579.8M |
| FCF MarginFCF / Revenue | 23.4% | 9.3% |
| Capex IntensityCapex / Revenue | 15.1% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.25× | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | $7.2B | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7B | $621.0M | ||
| Q3 25 | $3.4B | $1.5B | ||
| Q2 25 | $2.0B | $374.3M | ||
| Q1 25 | $2.4B | $133.3M | ||
| Q4 24 | $2.6B | $13.8M | ||
| Q3 24 | $2.7B | $684.8M | ||
| Q2 24 | $1.7B | $519.4M | ||
| Q1 24 | $2.4B | $489.4M |
| Q4 25 | $1.6B | $579.8M | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | $1.3B | $343.0M | ||
| Q1 25 | $1.9B | $101.5M | ||
| Q4 24 | $1.8B | $-13.2M | ||
| Q3 24 | $1.9B | $628.2M | ||
| Q2 24 | $1.1B | $481.0M | ||
| Q1 24 | $1.8B | $457.4M |
| Q4 25 | 23.4% | 9.3% | ||
| Q3 25 | 34.1% | 22.9% | ||
| Q2 25 | 18.3% | 5.7% | ||
| Q1 25 | 31.5% | 1.8% | ||
| Q4 24 | 28.6% | -0.2% | ||
| Q3 24 | 28.3% | 10.5% | ||
| Q2 24 | 16.3% | 7.8% | ||
| Q1 24 | 29.9% | 7.7% |
| Q4 25 | 15.1% | 0.7% | ||
| Q3 25 | 14.3% | 0.8% | ||
| Q2 25 | 10.9% | 0.5% | ||
| Q1 25 | 9.3% | 0.6% | ||
| Q4 24 | 12.6% | 0.4% | ||
| Q3 24 | 11.6% | 0.9% | ||
| Q2 24 | 9.7% | 0.6% | ||
| Q1 24 | 8.9% | 0.5% |
| Q4 25 | 1.25× | 5.36× | ||
| Q3 25 | 1.50× | 3.14× | ||
| Q2 25 | 0.89× | 0.70× | ||
| Q1 25 | 1.30× | 0.70× | ||
| Q4 24 | 1.30× | 0.01× | ||
| Q3 24 | 1.21× | 2.41× | ||
| Q2 24 | 0.84× | 2.66× | ||
| Q1 24 | 1.24× | 1.04× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
