M 
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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At a glance
Figures in USD, from our data supplier.
Revenue
$6.84bn
FY2016FY2025
Net income
$789.4m
FY2016FY2025
Free cash flow
$740.4m
FY2016FY2025
Shareholders' equity
$5.74bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.84bn | $6.72bn | $6.66bn | $6.35bn | $6.32bn | $5.60bn | $5.35bn | $5.30bn | $4.73bn | $4.41bn |
| Gross profit | $2.59bn | $2.59bn | $2.50bn | $2.27bn | $2.49bn | $2.30bn | $2.15bn | $2.09bn | $1.79bn | $1.83bn |
| Research and development | — | $102.9m | $94.9m | $87.5m | $87.3m | $68.6m | $67.3m | $69.4m | $66.1m | $61.0m |
| Operating income | $1.09bn | $1.06bn | $963.0m | $863.6m | $1.02bn | $999.5m | $957.7m | $891.1m | $699.8m | $641.0m |
| Net income | $789.4m | $788.5m | $624.2m | $682.0m | $755.3m | $747.4m | $702.7m | $933.4m | $477.4m | $472.3m |
| Diluted earnings per share | 2.93 | 2.92 | 2.32 | 2.52 | 2.80 | 2.77 | 2.62 | 3.49 | 1.80 | 1.86 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $13.20bn | $13.07bn | $12.86bn | $13.12bn | $12.91bn | $12.09bn | $10.36bn | $10.26bn | $10.39bn | $4.64bn |
| Cash and short-term investments | $95.9m | $186.1m | $166.6m | $334.0m | $351.7m | $423.6m | $155.4m | $96.6m | $186.8m | $118.4m |
| Total liabilities | $7.43bn | $7.75bn | $7.78bn | $8.43bn | $8.48bn | $8.15bn | $6.91bn | $7.07bn | $7.81bn | $3.00bn |
| Debt | $4.00bn | $4.51bn | $4.59bn | $5.33bn | $5.39bn | $5.01bn | $4.32bn | $4.70bn | $5.03bn | $1.45bn |
| Shareholders' equity | $5.74bn | $5.29bn | $5.06bn | $4.68bn | $4.41bn | $3.93bn | $3.44bn | $3.17bn | $2.56bn | $1.63bn |
| Shares outstanding | 269m | 270m | 270m | 270m | 270m | 270m | 269m | 268m | 265m | 254m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $962.2m | $921.9m | $1.24bn | $651.5m | $828.3m | $1.04bn | $946.8m | $821.2m | $815.3m | $658.1m |
| Capital spending | −$221.8m | −$274.9m | −$263.9m | −$262.0m | −$278.0m | −$225.3m | −$173.7m | −$169.1m | −$182.4m | −$153.8m |
| Free cash flow | $740.4m | $647.0m | $973.4m | $389.5m | $550.3m | $816.0m | $773.1m | $652.1m | $632.9m | $504.3m |
| Dividends paid | −$483.0m | −$451.0m | −$418.5m | −$396.7m | −$363.3m | −$330.1m | −$302.2m | −$273.4m | −$237.6m | −$217.8m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.02bn | $1.94bn | $1.87bn | $1.85bn | $1.72bn | $1.66bn | $1.61bn | $1.80bn |
| Gross profit | $794.9m | $778.2m | $708.9m | $720.3m | $645.1m | $622.8m | $604.0m | $722.2m |
| Operating income | $217.0m | $276.4m | $252.6m | $315.5m | $288.7m | $245.8m | $225.2m | $306.2m |
| Net income | $97.6m | $160.2m | $1.02bn | $226.6m | $225.5m | $175.0m | $162.3m | $215.2m |
| Diluted earnings per share | 0.36 | 0.59 | 3.77 | 0.84 | 0.84 | 0.65 | 0.60 | 0.80 |
| Cash from operations | $168.0m | $379.0m | $50.0m | $542.0m | $258.0m | $45.0m | $115.0m | $458.0m |
| Capital spending | −$56.0m | −$42.0m | −$32.0m | −$83.0m | −$85.0m | −$48.0m | −$37.0m | −$85.0m |
| Free cash flow | $112.0m | $337.0m | $18.0m | $459.0m | $173.0m | −$3.0m | $78.0m | $373.0m |
| Total assets | $16.65bn | $16.48bn | $16.35bn | $13.20bn | $13.25bn | $13.19bn | $12.90bn | $13.07bn |
| Cash and short-term investments | $331.1m | $331.2m | $177.7m | $95.9m | $94.9m | $124.1m | $102.8m | $186.1m |
| Debt | $1.34bn | $4.93bn | $4.92bn | $4.00bn | $4.36bn | $4.45bn | $4.31bn | $4.34bn |
| Shareholders' equity | $7.00bn | $7.00bn | $6.98bn | $5.74bn | $5.75bn | $5.60bn | $5.42bn | $5.29bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 37.9% | 38.5% | 37.6% | 35.8% | 39.5% | 41.1% | — |
| Operating margin | 16.2% | 16.5% | 14.5% | 13.6% | 16.3% | 17.8% | — |
| Net margin | 11.5% | 11.7% | 9.4% | 10.7% | 12.0% | 13.3% | — |
| Return on equity | 13.8% | 14.9% | 12.3% | 14.6% | 17.1% | 19.0% | — |
| Return on assets | 6.0% | 6.0% | 4.9% | 5.2% | 5.9% | 6.2% | — |
| Free cash flow yield | 9.2% | 9.3% | 11.6% | 7.1% | 8.5% | 9.8% | — |
| Revenue growth | 1.7% | 0.9% | 4.9% | 0.5% | 12.8% | 4.7% | — |
| Earnings growth | 0.1% | 26.3% | -8.5% | -9.7% | 1.1% | 6.4% | — |
| Current ratio | 0.70x | 0.74x | 0.65x | 0.70x | 0.68x | 0.68x | — |
| Debt to equity | 0.70x | 0.82x | 0.87x | 1.10x | 1.20x | 1.25x | — |
| Equity ratio | 43.5% | 40.5% | 39.3% | 35.7% | 34.2% | 32.5% | — |
| Interest coverage | 5.65x | 5.29x | 4.63x | 5.79x | 7.56x | 7.37x | — |
| R&D as a share of sales | — | 1.5% | 1.4% | 1.4% | 1.4% | 1.2% | 1.3% |
| Buybacks as a share of market value | 0.1% | -0.0% | 0.2% | -0.1% | -0.1% | -0.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.5% | 4.1% | 4.8% |
| Operating income | 8.1% | 1.8% | 7.1% |
| Net income | 5.0% | 1.1% | 7.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 38.2% | 37.5% | 38.3% | 38.9% |
| Operating margin | 15.9% | 15.0% | 15.6% | 15.5% |
| Net margin | 11.6% | 10.9% | 11.4% | 11.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.2 | 26.1 | 29.6 | 32.8 | 34.5 | 34.5 | 32.4 | 19.9 | 28.3 | 25.1 |
| Price to sales | 2.7 | 3.1 | 2.8 | 3.5 | 4.1 | 4.6 | 4.3 | 3.5 | 2.9 | 2.7 |
Market value over time
31 Oct 2016 to 25 Sept 2026, in USD
$12.27bn$12.91bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -14% | 16% | -18% | -12% | 0% | 11% | 21% | 37% | 9% | 10% |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 13 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.44 | 1.83 | 1.71 | 1.59 | 1.50 | 1.39 | 1.27 | 1.165 |
- 2-for-1 split · 1 Dec 2020
- 2-for-1 split · 9 Apr 2002
- 2-for-1 split · 21 Jan 1992
- 2-for-1 split · 22 Jan 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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