Return on Equity (ROE)
since 2005
Calculation
McDonald’s Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income1 | ÷ | Shareholders’ equity (deficit)1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | — | = | 100 | × | 8,468,800) | ÷ | (4,706,700) |
| Dec 31, 2022 | — | = | 100 | × | 6,177,400) | ÷ | (6,003,400) |
| Dec 31, 2021 | — | = | 100 | × | 7,545,200) | ÷ | (4,601,000) |
| Dec 31, 2020 | — | = | 100 | × | 4,730,500) | ÷ | (7,824,900) |
| Dec 31, 2019 | — | = | 100 | × | 6,025,400) | ÷ | (8,210,300) |
| Dec 31, 2018 | — | = | 100 | × | 5,924,300) | ÷ | (6,258,400) |
| Dec 31, 2017 | — | = | 100 | × | 5,192,300) | ÷ | (3,268,000) |
| Dec 31, 2016 | — | = | 100 | × | 4,686,500) | ÷ | (2,204,300) |
| Dec 31, 2015 | 63.90% | = | 100 | × | 4,529,300) | ÷ | 7,087,900) |
| Dec 31, 2014 | 37.02% | = | 100 | × | 4,757,800) | ÷ | 12,853,400) |
| Dec 31, 2013 | 34.89% | = | 100 | × | 5,585,900) | ÷ | 16,009,700) |
| Dec 31, 2012 | 35.73% | = | 100 | × | 5,464,800) | ÷ | 15,293,600) |
| Dec 31, 2011 | 38.24% | = | 100 | × | 5,503,100) | ÷ | 14,390,200) |
| Dec 31, 2010 | 33.80% | = | 100 | × | 4,946,300) | ÷ | 14,634,200) |
| Dec 31, 2009 | 32.43% | = | 100 | × | 4,551,000) | ÷ | 14,033,900) |
| Dec 31, 2008 | 32.23% | = | 100 | × | 4,313,200) | ÷ | 13,382,600) |
| Dec 31, 2007 | 15.67% | = | 100 | × | 2,395,100) | ÷ | 15,279,800) |
| Dec 31, 2006 | 22.93% | = | 100 | × | 3,544,200) | ÷ | 15,458,300) |
| Dec 31, 2005 | 17.18% | = | 100 | × | 2,602,200) | ÷ | 15,146,100) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
Comparison to Competitors
McDonald’s Corp., ROE, long-term trends, comparison to competitors
| McDonald’s Corp. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | Starbucks Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | — | 58.69% | — | 40.13% | — |
| Dec 31, 2022 | — | 34.05% | 109.92% | 37.97% | — |
| Dec 31, 2021 | — | -7.37% | 18.86% | 28.42% | — |
| Dec 31, 2020 | — | -158.00% | 1.21% | 17.61% | — |
| Dec 31, 2019 | — | — | 82.00% | 20.81% | — |
| Dec 31, 2018 | — | — | 45.51% | 12.25% | 386.34% |
| Dec 31, 2017 | — | — | 20.79% | 12.92% | 52.93% |
| Dec 31, 2016 | — | — | 21.74% | 1.64% | 47.89% |
| Dec 31, 2015 | 63.90% | — | 29.01% | 22.35% | 47.39% |
| Dec 31, 2014 | 37.02% | — | 28.27% | 22.13% | 39.23% |
| Dec 31, 2013 | 34.89% | — | 27.39% | 21.29% | 0.19% |
| Dec 31, 2012 | 35.73% | — | 36.43% | 22.31% | 27.09% |
| Dec 31, 2011 | 38.24% | — | 41.04% | 20.58% | 28.41% |
| Dec 31, 2010 | 33.80% | — | 29.09% | 22.07% | 25.73% |
| Dec 31, 2009 | 32.43% | — | 37.04% | 18.03% | 12.83% |
| Dec 31, 2008 | 32.23% | — | 26.49% | 12.56% | 12.67% |
| Dec 31, 2007 | 15.67% | — | 27.12% | 12.55% | 29.45% |
| Dec 31, 2006 | 22.93% | — | 21.36% | 8.74% | 25.32% |
| Dec 31, 2005 | 17.18% | — | 52.22% | 12.19% | 23.65% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Consumer Services)
McDonald’s Corp., ROE, long-term trends, comparison to sector (consumer services)
| McDonald’s Corp. | Consumer Services | |
|---|---|---|
| Dec 31, 2023 | — | — |
| Dec 31, 2022 | — | — |
| Dec 31, 2021 | — | 396.84% |
| Dec 31, 2020 | — | — |
| Dec 31, 2019 | — | — |
| Dec 31, 2018 | — | 284.52% |
| Dec 31, 2017 | — | 71.55% |
| Dec 31, 2016 | — | 64.84% |
| Dec 31, 2015 | 63.90% | 43.28% |
| Dec 31, 2014 | 37.02% | 33.77% |
| Dec 31, 2013 | 34.89% | 27.00% |
| Dec 31, 2012 | 35.73% | 33.45% |
| Dec 31, 2011 | 38.24% | 35.81% |
| Dec 31, 2010 | 33.80% | 31.52% |
| Dec 31, 2009 | 32.43% | 29.09% |
| Dec 31, 2008 | 32.23% | 28.45% |
| Dec 31, 2007 | 15.67% | 17.62% |
| Dec 31, 2006 | 22.93% | 22.82% |
| Dec 31, 2005 | 17.18% | 18.57% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
McDonald’s Corp., ROE, long-term trends, comparison to industry (consumer discretionary)
| McDonald’s Corp. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2023 | — | 30.61% |
| Dec 31, 2022 | — | 21.65% |
| Dec 31, 2021 | — | 34.37% |
| Dec 31, 2020 | — | 25.29% |
| Dec 31, 2019 | — | 34.62% |
| Dec 31, 2018 | — | 34.33% |
| Dec 31, 2017 | — | 22.85% |
| Dec 31, 2016 | — | 28.74% |
| Dec 31, 2015 | 63.90% | 29.03% |
| Dec 31, 2014 | 37.02% | 20.60% |
| Dec 31, 2013 | 34.89% | 20.34% |
| Dec 31, 2012 | 35.73% | 21.97% |
| Dec 31, 2011 | 38.24% | 34.92% |
| Dec 31, 2010 | 33.80% | 24.34% |
| Dec 31, 2009 | 32.43% | 25.32% |
| Dec 31, 2008 | 32.23% | 1.64% |
| Dec 31, 2007 | 15.67% | 16.06% |
| Dec 31, 2006 | 22.93% | 3.84% |
| Dec 31, 2005 | 17.18% | 19.92% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).