McCormick & Company MKC · USD
Consumer Staples · Food Products · US listing · 🇺🇸 United States
S&P 500
47.88
-1.07%
Close of 9 Nov 2026, in USD
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About McCormick & Company
From its filings with the US Securities and Exchange Commission
McCormick & Company is based in Hunt Valley, Maryland and is incorporated in Maryland. Its shares trade on NYSE under the ticker MKC. It is a member of the S&P 500. The SEC classifies its business as miscellaneous food preparations & kindred products. In the fiscal year to 30 November 2025, it reported revenue of $6.84bn and net income of $789.4m. At that date it held total assets of $13.20bn and shareholders' equity of $5.74bn. By business, Spices & seasoning brought in 25.0% of revenue, followed by Flavors at 23.7% and Condiments & sauces at 13.9%.
McCormick is a global leader in flavor. We manufacture, market, and distribute herbs, spices, seasoning mixes, condiments, and other flavorful products to the entire food and beverage industry: retailers, food manufacturers, and foodservice businesses. We also are partners in a number of joint ventures that are involved in the manufacture and sale of flavorful products, the most significant of which is McCormick de Mexico. Our major sales, distribution, and production facilities are located in North America, Europe, and China. Additional facilities are based in Australia, Central America, Thailand, and South Africa.
On January 2, 2026, we completed the purchase of an additional 25% ownership interest in McCormick de Mexico. The purchase price was $750 million, which increased our ownership to a 75% controlling interest. We believe the acquisition creates opportunities for further growth in the Mexican market and provides a strategic platform for further expansion in Latin America. McCormick de Mexico is a prominent food company in Mexico, with a broad portfolio, including mayonnaise, spices, marmalades, mustard, hot sauce, and tea, sold under McCormick brands.
Quoted from its 10-K, filed 22 Jan 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Consumer Staples
- Industry
- Food Products
- Listed since
- 25 May 1999
- Employees
- 14,100
- Website
- mccormick.com ↗
- Head office
- 24 SCHILLING ROAD, HUNT VALLEY, MD, 21031
- Incorporated in
- MD
- Classification
- Miscellaneous Food Preparations & Kindred Products
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Brendan FoleyChairman of the Board, President, Chief Executive Officer, since 2014$10.8m
- Mr. Marcos GabrielExecutive Vice President, Chief Financial Officer
- Mr. Andrew FoustPresident, Americas$2.3m
- Ms. Sarah PiperChief Human Relations Officer$2.1m
- Mr. Jeffery SchwartzVice President, General Counsel, Secretary$3.4m
- Mr. Michael ManganLead Independent Director$300,046
- Ms. Anne BrammanIndependent Director$270,046
- Mr. Michael ConwayIndependent Director$270,046
- Ms. Maritza MontielIndependent Director$295,046
- Ms. Margaret PrestonIndependent Director$281,296
- Mr. Gary RodkinIndependent Director$270,046
- Ms. Valarie SheppardIndependent Director$75,005
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 88
- Environment
- 99
- Social
- 99
- Governance
- 65
- Direct emissions (scope 1)
- 34,432 t
- Energy emissions (scope 2)
- 41,196 t
- Value chain emissions (scope 3)
- 3,040,545 t
- Women in the workforce
- 38%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- McCormick & Company Inc has built a solid reputation as a leading provider of spices and seasoning products. Its brand is recognized for its quality, reliability, and wide range of offerings.
- The company offers a diverse range of products, catering to various segments within the food industry. This diversity helps McCormick & Company mitigate the impact of market fluctuations and capture a larger customer base.
- McCormick & Company has an extensive distribution network, enabling its products to reach customers globally. This broad reach enhances their accessibility and market presence.
Weaknesses
- McCormick & Company relies on the availability and pricing of commodities, such as spices and herbs. Fluctuations in commodity prices can lead to increased production costs and potentially impact profit margins.
- The company heavily relies on partnerships with retail chains to distribute its products. Any disruptions or deteriorating relationships with these partners could negatively affect sales and market reach.
Opportunities
- As consumers increasingly seek healthier food alternatives, McCormick & Company can capitalize on this trend by expanding its portfolio with organic, natural, and low-sodium products.
- Entering and expanding in untapped markets, especially in developing countries, can open new avenues of growth for McCormick & Company. These markets offer a large consumer base and potential for increased sales.
Threats
- The food industry is highly competitive, with numerous players offering similar products. McCormick & Company faces constant competition from both established and emerging competitors, which can impact market share and pricing.
- Consumer preferences and tastes can change rapidly, requiring McCormick & Company to continuously adapt and innovate its product offerings. Failing to meet evolving consumer demands may result in decreased sales and market relevance.
Sources and methodology
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- Chart on the Overview
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