McDonald's vs Starbucks
Starbucks is the larger business, with $37.18bn of revenue in fiscal 2025 against $26.89bn for McDonald's (1.4 times as much). McDonald's grew faster (3.7% against 2.8%). McDonald's kept more of each dollar of sales as profit: a net margin of 31.9% against 5.0%.
| Latest fiscal year | McDonald'sMCD, 2025 | StarbucksSBUX, 2025 |
|---|---|---|
| Revenue | $26.89bn | $37.18bn |
| Revenue growth | 3.7% | 2.8% |
| Net income | $8.56bn | $1.86bn |
| Operating margin | 46.1% | 7.9% |
| Net margin | 31.9% | 5.0% |
| Return on equity | — | — |
| Free cash flow | $7.19bn | $2.44bn |
| Cash | $774m | $3.22bn |
| Total debt | $41.50bn | $16.20bn |
| Debt to equity | — | — |
| Dividend per share | $7.17 | $2.45 |
| Dividend yield | 2.8% | 2.4% |
| Share buybacks | $2.06bn | $0 |
| Employees | — | 381,000 |
| Market value | $186.58bn | $119.31bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 99 (Strong) | 79 (Strong) |
| Insider trades, 12 months | 0 buys, 22 sales | 1 buys, 14 sales |