McDonald’s Corporation (MCD)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	11,646,700	11,427,500	10,983,100	9,590,800	9,371,000	9,185,400	9,408,000	10,387,300	10,356,000	10,101,800	9,641,700	7,911,700	7,324,000	7,473,700	7,356,600	8,669,400	9,069,800	8,776,700	8,785,100	8,773,500
Revenue (ttm)	US$ in thousands	25,493,700	25,014,000	24,193,900	23,414,800	23,182,600	23,265,200	23,594,400	23,763,900	23,222,900	22,527,600	21,744,400	19,618,000	19,207,800	19,243,000	19,327,200	20,975,500	21,285,200	21,099,200	20,966,300	20,910,400
Operating profit margin		45.68%	45.68%	45.40%	40.96%	40.42%	39.48%	39.87%	43.71%	44.59%	44.84%	44.34%	40.33%	38.13%	38.84%	38.06%	41.33%	42.61%	41.60%	41.90%	41.96%

December 31, 2023 calculation

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

McDonald`s Corp's operating profit margin has shown a consistent upward trend over the past eight quarters from Q1 2022 to Q4 2023. The company's operating profit margin has steadily improved from 42.69% in Q1 2022 to 46.07% in Q4 2023, indicating effective cost management and operational efficiency. This upward trajectory demonstrates McDonald`s ability to generate more profit from its operations for each dollar of revenue generated. The most recent operating profit margin of 46.07% in Q4 2023 reflects the company's strong operational performance and profitability. Overall, McDonald`s Corp has shown notable improvement in its operating profit margin, which bodes well for its financial health and future growth prospects.