MKC · McCormick & Co Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.87B | - | $1.72B | $1.66B | $1.61B | - | $1.68B | $1.64B | $1.60B | - |
| Cost of Revenue | $1.17B | - | $1.08B | $1.04B | $1.00B | - | $1.03B | $1.02B | $1.00B | - |
| Gross Profit | $708.90M | - | $645.10M | $622.80M | $604.00M | - | $649.90M | $619.60M | $599.30M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $456.30M | - | $352.50M | $364.20M | $378.80M | - | $361.50M | $383.70M | $361.60M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $63.00M | - | - | - | $53.80M | - | - | - | $45.80M | - |
| Operating Income | $227.50M | - | $288.70M | $245.80M | $225.20M | - | $286.50M | $234.10M | $233.50M | - |
| Interest Expense | $47.30M | - | $50.20M | $51.00M | $48.50M | - | $53.50M | $52.90M | $50.30M | - |
| Income Tax | $48.70M | - | $39.30M | $49.30M | $41.60M | - | $41.00M | $26.20M | $49.60M | - |
| Net Income | $1.02B | - | $225.50M | $175.00M | $162.30M | - | $223.10M | $184.20M | $166.00M | - |
| EPS - Basic | $3.78 | - | $0.84 | $0.65 | $0.60 | - | $0.83 | $0.69 | $0.62 | - |
| EPS - Diluted | $3.77 | - | $0.84 | $0.65 | $0.60 | - | $0.83 | $0.68 | $0.62 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $177.70M | $95.90M | $94.90M | $124.10M | $102.80M | $186.10M | $200.80M | $166.30M | $178.00M | $166.60M |
| Accounts Receivable | $829.20M | $628.90M | $668.70M | $584.50M | $516.90M | $587.40M | $660.90M | $598.50M | $567.50M | $587.50M |
| Inventory | $1.27B | $1.27B | $1.32B | $1.31B | $1.24B | $1.24B | $1.24B | $1.16B | $1.13B | $1.13B |
| Accounts Payable | $1.39B | $1.26B | $1.20B | $1.18B | $1.16B | $1.24B | $1.23B | $1.21B | $1.13B | $1.12B |
| Current Assets | $2.61B | $2.14B | $2.22B | $2.17B | $2.01B | $2.14B | $2.24B | $2.07B | $2.02B | $2.00B |
| Total Assets | $16.35B | $13.20B | $13.25B | $13.19B | $12.90B | $13.07B | $13.20B | $12.99B | $12.89B | $12.86B |
| Current Liabilities | $3.44B | $3.06B | $3.12B | $3.19B | $3.10B | $2.88B | $3.14B | $2.98B | $2.97B | $3.10B |
| Long-term Debt | $3.60B | $3.11B | $3.10B | $3.10B | $3.10B | $3.59B | $3.34B | $3.33B | $3.33B | $3.34B |
| Total Liabilities | $8.79B | $7.43B | $7.46B | $7.56B | $7.45B | $7.75B | $7.75B | $7.63B | $7.63B | $7.78B |
| Stockholders' Equity | $6.98B | $5.74B | $5.75B | $5.60B | $5.42B | $5.29B | $5.42B | $5.33B | $5.23B | $5.06B |
| Retained Earnings | $4.82B | $3.82B | $3.84B | $3.74B | $3.69B | $3.54B | $3.58B | $3.48B | $3.41B | $3.25B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $50.90M | - | - | - | $115.50M | - | - | - | $138.40M | - |
| Investing Cash Flow | ($762.40M) | - | - | - | ($37.10M) | - | - | - | ($61.80M) | - |
| Financing Cash Flow | $781.70M | - | - | - | ($155.20M) | - | - | - | ($67.70M) | - |
| CapEx | $32.50M | - | - | - | $37.10M | - | - | - | $62.00M | - |
| Free Cash Flow | $18.40M | - | - | - | $78.40M | - | - | - | $76.40M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 37.8% | - | 37.4% | 37.5% | 37.6% | - | 38.7% | 37.7% | 37.4% | - |
| Operating margin | 12.1% | - | 16.7% | 14.8% | 14.0% | - | 17.1% | 14.2% | 14.6% | - |
| EBITDA margin | 15.5% | - | - | - | 17.4% | - | - | - | 17.4% | - |
| Net margin | 54.2% | - | 13.1% | 10.5% | 10.1% | - | 13.3% | 11.2% | 10.4% | - |
| Free cash flow margin | 1.0% | - | - | - | 4.9% | - | - | - | 4.8% | - |
| FCF / Net income | 0.02 | - | - | - | 0.48 | - | - | - | 0.46 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 24.4% | - | 20.4% | 21.9% | 23.6% | - | 21.5% | 23.4% | 22.6% | - |
| Effective tax rate | 4.6% | - | 14.8% | 22.0% | 20.4% | - | 15.5% | 12.5% | 23.0% | - |
| Return on assets | 6.2% | - | 1.7% | 1.3% | 1.3% | - | 1.7% | 1.4% | 1.3% | - |
| Return on equity | 14.6% | - | 3.9% | 3.1% | 3.0% | - | 4.1% | 3.5% | 3.2% | - |
| Return on invested capital | 2.1% | - | 2.8% | 2.2% | 2.1% | - | 2.8% | 2.4% | 2.1% | - |
| Liquidity | ||||||||||
| Current ratio | 0.76 | 0.70 | 0.71 | 0.68 | 0.65 | 0.74 | 0.71 | 0.69 | 0.68 | 0.65 |
| Quick ratio | 0.39 | 0.28 | 0.29 | 0.27 | 0.25 | 0.31 | 0.32 | 0.31 | 0.30 | 0.28 |
| Cash ratio | 0.05 | 0.03 | 0.03 | 0.04 | 0.03 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 |
| Leverage | ||||||||||
| Debt / Equity | 0.52 | 0.54 | 0.54 | 0.55 | 0.57 | 0.68 | 0.62 | 0.62 | 0.64 | 0.66 |
| Debt / Assets | 0.22 | 0.24 | 0.23 | 0.23 | 0.24 | 0.27 | 0.25 | 0.26 | 0.26 | 0.26 |
| Debt / EBITDA | 12.41 | - | - | - | 11.10 | - | - | - | 11.92 | - |
| Interest coverage | 4.8x | - | 5.8x | 4.8x | 4.6x | - | 5.4x | 4.4x | 4.6x | - |
| Equity multiplier | 2.34 | 2.30 | 2.30 | 2.35 | 2.38 | 2.47 | 2.44 | 2.44 | 2.46 | 2.54 |
| Liabilities / Assets | 0.54 | 0.56 | 0.56 | 0.57 | 0.58 | 0.59 | 0.59 | 0.59 | 0.59 | 0.60 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | - | 0.13 | 0.13 | 0.12 | - | 0.13 | 0.13 | 0.12 | - |
| Inventory turnover | 0.92 | - | 0.82 | 0.79 | 0.81 | - | 0.83 | 0.88 | 0.89 | - |
| Days sales outstanding | 162d | - | 142d | 129d | 118d | - | 144d | 133d | 129d | - |
| Days inventory outstanding | 399d | - | 447d | 460d | 452d | - | 440d | 413d | 410d | - |
| Days payable outstanding | 436d | - | 405d | 415d | 423d | - | 435d | 432d | 412d | - |
| Cash conversion cycle | 124d | - | 184d | 174d | 146d | - | 149d | 114d | 127d | - |
| Valuation | ||||||||||
| P / E | 18.8x | - | 83.8x | 111.9x | 137.7x | - | 96.4x | 106.2x | 111.1x | - |
| P / B | 2.7x | - | 3.3x | 3.5x | 4.1x | - | 4.0x | 3.7x | 3.5x | - |
| P / S | 10.2x | - | 11.0x | 11.8x | 13.9x | - | 12.8x | 11.9x | 11.6x | - |
| EV / EBITDA | 77.7x | - | - | - | 90.5x | - | - | - | 77.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 16.7% | - | 2.7% | 1.0% | 0.2% | - | -0.3% | -1.0% | 2.4% | - |
| Revenue CAGR (3y) | 6.2% | - | 2.6% | 2.6% | 1.8% | - | 2.7% | 1.8% | 2.7% | - |
| Revenue CAGR (5y) | 4.8% | - | 3.8% | 3.4% | 5.8% | - | 4.8% | 4.8% | 5.4% | - |
| Gross profit growth (YoY) | 17.4% | - | -0.7% | 0.5% | 0.8% | - | 4.4% | 0.7% | 6.5% | - |
| Operating income growth (YoY) | 1.0% | - | 0.8% | 5.0% | -3.6% | - | 16.9% | 5.5% | 17.3% | - |
| Net income growth (YoY) | 526.1% | - | 1.1% | -5.0% | -2.2% | - | 31.2% | 21.1% | 19.3% | - |
| EPS growth (YoY) | 528.3% | - | 1.2% | -4.4% | -3.2% | - | 31.7% | 21.4% | 19.2% | - |
| EPS CAGR (3y) | 93.5% | - | 0.8% | 13.9% | 1.7% | - | 1.7% | 0.0% | 1.1% | - |
| EPS CAGR (5y) | 44.4% | - | -11.3% | -14.9% | -11.1% | - | -10.3% | -9.5% | -11.0% | - |
| FCF growth (YoY) | -76.5% | - | - | - | 2.6% | - | - | - | 82.3% | - |
| FCF CAGR (5y) | - | - | - | - | 65.6% | - | - | - | -0.5% | - |
| Book value growth (YoY) | 28.7% | 8.4% | 6.1% | 5.1% | 3.6% | 4.6% | 7.4% | 7.9% | 7.4% | 8.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-11-30.
Business segments
$6.84B totalConsumer$3.95B · 57.8%
Flavor Solutions$2.89B · 42.2%
Product / service
$6.84B totalSpices And Seasoning$1.71B · 25.0%
Flavors$1.62B · 23.7%
Condiments And Sauces$950.90M · 13.9%
Regional Leaders$852.70M · 12.5%
Branded Foodservice$614.10M · 9.0%
Recipe Mixes$439.10M · 6.4%
Custom Condiments$329.30M · 4.8%
Coatings Bulk Spices And Herbs$326.70M · 4.8%
Geographic
$12.41B totalAmericas$4.87B · 39.2%
US$4.17B · 33.6%
Other Countries$1.40B · 11.3%
Europe Middle East And Africa$1.27B · 10.2%
Asia Pacific$704.00M · 5.7%
Peer comparison
Same SIC group: Miscellaneous Food Preparations & Kindred Products
Comparing MCCORMICK & CO INC against the 5 most active filers in the same SIC group.
Dividends
$1.86/share trailing 12 months · +6.9% YoY
| Ex-date | Per share |
|---|---|
| Apr 20, 2026 | $0.4800 |
| Dec 29, 2025 | $0.4800 |
| Oct 14, 2025 | $0.4500 |
| Jul 7, 2025 | $0.4500 |
| Apr 7, 2025 | $0.4500 |
| Dec 30, 2024 | $0.4500 |
| Oct 7, 2024 | $0.4200 |
| Jul 8, 2024 | $0.4200 |
| Apr 5, 2024 | $0.4200 |
| Dec 28, 2023 | $0.4200 |
| Oct 6, 2023 | $0.3900 |
| Jul 7, 2023 | $0.3900 |
| Apr 6, 2023 | $0.3900 |
| Dec 29, 2022 | $0.3900 |
| Oct 7, 2022 | $0.3700 |
| Jul 8, 2022 | $0.3700 |
| Apr 8, 2022 | $0.3700 |
| Dec 30, 2021 | $0.3700 |
| Oct 8, 2021 | $0.3400 |
| Jul 9, 2021 | $0.3400 |
| Apr 9, 2021 | $0.3400 |
| Dec 30, 2020 | $0.3400 |
| Oct 2, 2020 | $0.3100 |
| Jul 2, 2020 | $0.3100 |