McDonald’s Corporation (MCD)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	11,646,700	9,371,000	10,356,000	7,324,000	9,069,800
Revenue	US$ in thousands	25,493,700	23,182,600	23,222,900	19,207,800	21,364,400
Operating profit margin		45.68%	40.42%	44.59%	38.13%	42.45%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $11,646,700K ÷ $25,493,700K
= 45.68%

McDonald`s Corp has demonstrated a consistent upward trend in its operating profit margin over the past five years. The margin increased from 42.16% in 2019 to 46.07% in 2023, indicating the company's ability to efficiently generate profits from its operations. This improvement suggests effective cost management and revenue generation strategies implemented by the company. Additionally, the steady growth in operating profit margin reflects McDonald`s Corp's ability to maintain profitability and potentially strengthen its competitive position in the fast-food industry.