| Stage | NATH | % of rev | MCD | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $54M | 100.00% | $7.1B | 100.00% | MCD ×131.31 |
| Gross profit | $19M | 34.88% | $4.3B | 60.30% | MCD +25.4pp |
| Operating income | $13M | 23.43% | $3.3B | 47.02% | MCD +23.6pp |
| Pre-tax income | $12M | 22.50% | $2.9B | 41.36% | MCD +18.9pp |
| Net income | $9M | 16.33% | $2.4B | 33.27% | MCD +16.9pp |
| Stage | NATH | MCD | Gap · A − B |
|---|---|---|---|
| Revenue | $54M100.00% | $7.1B100.00% | MCD ×131.31 |
| Gross profit | 34.88%$19M | 60.30%$4.3B | MCD +25.4pp |
| Operating income | 23.43%$13M | 47.02%$3.3B | MCD +23.6pp |
| Pre-tax income | 22.50%$12M | 41.36%$2.9B | MCD +18.9pp |
| Net income |
| 16.33%$9M |
| 33.27%$2.4B |
| MCD +16.9pp |
NATH 10-KJun 9 '26
“Through licensing programs with such companies as Smithfield Foods, and Lamb Weston, Inc., over fifteen Nathan's Famous branded SKUs are sold through grocery retail channels.”
MCD · LW 10-KJul 24 '26
“Our largest customer, McDonald's Corporation, accounted for approximately 15%, 15%, and 14% of our consolidated net sales in fiscal 2026, 2025, and 2024, respectively.”