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McDonald's vs Aramark: MCD and ARMK compared
McDonald's is the larger company: $7.2B of revenue in its latest quarter (Q3 2026) against $5.1B for Aramark (Q3 FY26). Aramark is growing faster (+9% against +1% a year earlier). McDonald's is more profitable, with an operating margin of 50.2% against 4.3%.
Where the money goes: MCD and ARMK
McDonald's (MCD) · Q3 2026
McDonald's, Q3 2026: revenue $7.2B (+1% year over year), operating margin 50.2%, net earnings $2.5B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
Aramark (ARMK) · Q3 FY26
Aramark, Q3 FY26: revenue $5.1B (+9% year over year), operating margin 4.3%, net earnings $97.8M, operating cash flow $117M. The chart follows the revenue to costs, profit and cash.
| McDonald's (MCD) | Aramark (ARMK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $7.2B | $5.1B |
| Revenue growth, Y/Y | +1% | +9% |
| Operating margin | 50.2% | 4.3% |
| Net earnings | $2.5B | $97.8M |
| Net margin | 34.7% | 1.9% |
| Operating cash flow | $3.0B | $117M |
| Free cash flow | $2.1B | $8.7M |
| Market value | $196.9B | $14.1B |
| P/E | 22.4× | 36.8× |
| Analysts’ mean target | $299.52 | $68.53 |
Where the revenue comes from
McDonald's
- International Operated Markets: $3.7B (51%)
- U.S. Market: $2.8B (39%)
- International Developmental Licensed Markets and Corporate: $709M (10%)
Aramark
- FSS United States: $3.5B (69%)
- FSS International: $1.6B (31%)
Questions
Which is bigger, McDonald's or Aramark?
McDonald's is the larger company: $7.2B of revenue in its latest quarter (Q3 2026) against $5.1B for Aramark (Q3 FY26).
Is McDonald's or Aramark growing faster?
Aramark is growing faster (+9% against +1% a year earlier).
Which is more profitable, McDonald's or Aramark?
McDonald's is more profitable, with an operating margin of 50.2% against 4.3%.
More: McDonald's earnings · how McDonald's makes money · Aramark earnings · how Aramark makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.