McCormick & Company (MKC)

NYSE Consumer Staples Packaged Foods & Meats S&P 500

$48.40

-1.66 (-3.32%)

Close of Nov 06, 2026 · end-of-day data

Source: McCormick & Company's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$4.41B	$4.73B	$5.30B	$5.35B	$5.60B	$6.32B	$6.35B	$6.66B	$6.72B	$6.84B
Cost of revenue	$2.58B	$2.94B	$3.21B	$3.20B	$3.30B	$3.82B	$4.08B	$4.16B	$4.13B	$4.25B
Gross profit	$1.83B	$1.79B	$2.09B	$2.15B	$2.30B	$2.49B	$2.27B	$2.50B	$2.59B	$2.59B
Research & development	$61.00M	$66.10M	$69.40M	$67.30M	$68.60M	$87.30M	$87.50M	$94.90M	$102.90M	$106.10M
Selling, general & admin	$1.18B	$1.03B	$1.16B	$1.17B	$1.28B	$1.40B	$1.36B	$1.48B	$1.52B	$1.50B
Operating income	$641.00M	$699.80M	$891.10M	$957.70M	$999.50M	$1.02B	$863.60M	$963.00M	$1.06B	$1.07B
Interest expense	$56.00M	$95.70M	$174.60M	$165.20M	$135.60M	$136.60M	$149.10M	$208.20M	$209.40M	$196.20M
Pre-tax income	$589.20M	$594.80M	$741.30M	$819.20M	$881.50M	$895.80M	$812.80M	$798.70M	$898.30M	$913.00M
Income tax	$153.00M	$151.30M	-$157.30M	$157.40M	$174.90M	$192.70M	$168.60M	$174.50M	$184.00M	$195.80M
Net income	$472.30M	$477.40M	$933.40M	$702.70M	$747.40M	$755.30M	$682.00M	$680.60M	$788.50M	$789.40M
EBITDA	$749.70M	$825.00M	$1.04B	$1.12B	$1.16B	$1.20B	$1.06B	$1.16B	$1.27B	$1.30B
EPS (basic)	$3.73	$3.77	$3.55	$2.65	$2.80	$2.83	$2.54	$2.54	$2.94	$2.94
EPS (diluted)	$3.69	$3.72	$3.50	$2.62	$2.78	$2.80	$2.52	$2.52	$2.92	$2.93
Diluted shares	128.00M	128.40M	266.50M	268.10M	269.10M	269.90M	270.20M	269.80M	269.60M	269.40M
Gross margin	41.5%	37.9%	39.5%	40.1%	41.1%	39.5%	35.8%	37.6%	38.5%	37.9%
Operating margin	14.5%	14.8%	16.8%	17.9%	17.8%	16.1%	13.6%	14.5%	15.8%	15.7%
Net margin	10.7%	10.1%	17.6%	13.1%	13.3%	12.0%	10.7%	10.2%	11.7%	11.5%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$118.40M	$186.80M	$96.60M	$155.40M	$423.60M	$351.70M	$334.00M	$166.60M	$186.10M	$95.90M
Receivables	$465.20M	$555.10M	$518.10M	$502.90M	$528.50M	$549.50M	$573.70M	$587.50M	$587.40M	$628.90M
Inventory	$756.30M	$793.30M	$786.30M	$801.20M	$1.03B	$1.18B	$1.34B	$1.13B	$1.24B	$1.27B
Total current assets	$1.42B	$1.62B	$1.48B	$1.55B	$2.08B	$2.20B	$2.39B	$2.00B	$2.14B	$2.14B
Goodwill	$1.77B	$4.49B	$4.53B	$4.51B	$4.99B	$5.34B	$5.21B	$5.26B	$5.23B	$5.30B
Total assets	$4.64B	$10.39B	$10.26B	$10.36B	$12.09B	$12.91B	$13.12B	$12.86B	$13.07B	$13.20B
Total current liabilities	$1.42B	$1.95B	$2.00B	$2.15B	$3.05B	$3.22B	$3.43B	$3.10B	$2.88B	$3.06B
Short-term debt	$2.90M	$325.60M	$83.50M	$97.70M	$263.90M	$770.30M	$270.60M	$799.30M	$265.20M	$509.10M
Long-term debt	$1.05B	$4.44B	$4.05B	$3.63B	$3.75B	$3.97B	$3.64B	$3.34B	$3.59B	$3.11B
Total debt	$1.06B	$4.77B	$4.14B	$3.72B	$4.02B	$4.74B	$3.91B	$4.14B	$3.86B	$3.61B
Total liabilities	$3.00B	$7.81B	$7.07B	$6.91B	$8.15B	$8.48B	$8.43B	$7.78B	$7.75B	$7.43B
Shareholders' equity	$1.64B	$2.57B	$3.17B	$3.44B	$3.93B	$4.41B	$4.68B	$5.06B	$5.29B	$5.74B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$658.10M	$815.30M	$821.20M	$946.80M	$1.04B	$828.30M	$651.50M	$1.24B	$921.90M	$962.20M
Capital expenditures	$153.80M	$182.40M	$169.10M	$173.70M	$225.30M	$278.00M	$262.00M	$263.90M	$274.90M	$221.80M
Free cash flow	$504.30M	$632.90M	$652.10M	$773.10M	$816.00M	$550.30M	$389.50M	$973.40M	$647.00M	$740.40M
Investing cash flow	-$267.10M	-$4.51B	-$158.50M	-$171.00M	-$1.03B	-$908.60M	-$146.40M	-$260.50M	-$269.00M	-$255.20M
Financing cash flow	-$371.50M	$3.76B	-$751.10M	-$725.80M	$220.90M	$22.00M	-$487.20M	-$1.18B	-$583.10M	-$840.90M
Dividends paid	$217.80M	$237.60M	$273.40M	$302.20M	$330.10M	$363.30M	$396.70M	$418.50M	$451.00M	$483.00M
Share buybacks	$242.70M	$137.80M	$62.30M	$95.10M	$47.30M	$8.60M	$38.80M	$35.70M	$53.10M	$34.80M
Stock-based compensation	$25.60M	$23.90M	$25.60M	$37.20M	$46.00M	$66.60M	$60.30M	$63.40M	$47.40M	$46.20M
Depreciation & amortization	$108.70M	$125.20M	$150.70M	$158.80M	$165.00M	$186.30M	$200.60M	$199.30M	$208.80M	$231.30M

Income statement

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Revenue	$1.75B	$1.60B	$1.64B	$1.68B	$1.80B	$1.61B	$1.66B	$1.72B	$1.85B	$1.87B	$1.94B	$2.02B
Cost of revenue	$1.05B	$1.00B	$1.02B	$1.03B	$1.08B	$1.00B	$1.04B	$1.08B	$1.13B	$1.17B	$1.16B	$1.23B
Gross profit	$701.30M	$599.30M	$619.60M	$649.90M	$722.20M	$604.00M	$622.80M	$645.10M	$720.30M	$708.90M	$778.20M	$794.90M
Selling, general & admin	$390.00M	$361.60M	$383.70M	$361.50M	$414.40M	$378.80M	$364.20M	$352.50M	$404.80M	$456.30M	$441.80M	$436.40M
Operating income	$297.20M	$233.50M	$234.10M	$286.50M	$306.20M	$225.20M	$245.80M	$288.70M	$311.10M	$227.50M	$276.40M	$217.00M
Interest expense	$52.70M	$50.30M	$52.90M	$53.50M	$52.70M	$48.50M	$51.00M	$50.20M	$46.50M	$47.30M	$62.70M	$68.40M
Pre-tax income	$257.70M	$194.30M	$193.60M	$246.20M	$264.20M	$186.50M	$204.60M	$247.90M	$274.00M	$185.00M	$220.20M	$154.50M
Income tax	$57.10M	$49.60M	$26.20M	$41.00M	$67.20M	$41.60M	$49.30M	$39.30M	$65.60M	$48.70M	$63.50M	$49.90M
Net income	$219.30M	$166.00M	$184.20M	$223.10M	$215.20M	$162.30M	$175.00M	$225.50M	$226.60M	$1.02B	$150.10M	$97.60M
EBITDA	$346.10M	$279.30M	$291.20M	$341.10M	$357.50M	$279.00M	$302.90M	$349.90M	$370.30M	$290.50M	$349.90M	$293.60M
EPS (basic)	$0.82	$0.62	$0.69	$0.83	$0.81	$0.60	$0.65	$0.84	$0.84	$3.78	$0.56	$0.36
EPS (diluted)	$0.81	$0.62	$0.68	$0.83	$0.79	$0.60	$0.65	$0.84	$0.84	$3.77	$0.56	$0.36
Diluted shares	0	269.60M	269.70M	269.70M	0	269.50M	269.40M	269.30M	0	269.40M	269.20M	269.40M
Gross margin	40.0%	37.4%	37.7%	38.7%	40.2%	37.6%	37.5%	37.4%	38.9%	37.8%	40.2%	39.3%
Operating margin	17.0%	14.6%	14.2%	17.1%	17.0%	14.0%	14.8%	16.7%	16.8%	12.1%	14.3%	10.7%
Net margin	12.5%	10.4%	11.2%	13.3%	12.0%	10.1%	10.5%	13.1%	12.2%	54.2%	7.8%	4.8%

Balance sheet

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Cash & equivalents	$166.60M	$178.00M	$166.30M	$200.80M	$186.10M	$102.80M	$124.10M	$94.90M	$95.90M	$177.70M	$331.20M	$331.10M
Receivables	$587.50M	$567.50M	$598.50M	$660.90M	$587.40M	$516.90M	$584.50M	$668.70M	$628.90M	$829.20M	$709.40M	$831.50M
Inventory	$1.13B	—	—	—	$1.24B	—	—	—	$1.27B	—	—	—
Total current assets	$2.00B	$2.02B	$2.07B	$2.24B	$2.14B	$2.01B	$2.17B	$2.22B	$2.14B	$2.61B	$2.79B	$2.90B
Goodwill	$5.26B	$5.25B	$5.26B	$5.28B	$5.23B	$5.21B	$5.29B	$5.31B	$5.30B	$6.32B	$6.29B	$6.30B
Total assets	$12.86B	$12.89B	$12.99B	$13.20B	$13.07B	$12.90B	$13.19B	$13.25B	$13.20B	$16.35B	$16.48B	$16.65B
Total current liabilities	$3.10B	$2.97B	$2.98B	$3.14B	$2.88B	$3.10B	$3.19B	$3.12B	$3.06B	$3.44B	$3.57B	$4.42B
Short-term debt	$799.30M	$798.40M	$786.60M	$64.20M	$265.20M	$755.10M	$756.70M	$757.30M	$509.10M	$9.40M	$9.50M	$771.90M
Long-term debt	$3.34B	$3.33B	$3.33B	$3.34B	$3.59B	$3.10B	$3.10B	$3.10B	$3.11B	$3.60B	$3.60B	$2.91B
Total debt	$4.14B	$4.13B	$4.11B	$3.41B	$3.86B	$3.85B	$3.86B	$3.86B	$3.61B	$3.61B	$3.61B	$3.68B
Total liabilities	$7.78B	$7.63B	$7.63B	$7.75B	$7.75B	$7.45B	$7.56B	$7.46B	$7.43B	$8.79B	$8.90B	$9.06B
Shareholders' equity	$5.06B	$5.23B	$5.33B	$5.42B	$5.29B	$5.42B	$5.60B	$5.75B	$5.74B	$6.98B	$7.00B	$7.00B

Cash flow

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Operating cash flow	$577.20M	$138.40M	$163.10M	$161.70M	$458.70M	$115.50M	$45.90M	$258.80M	$542.00M	$50.90M	$379.80M	$168.10M
Capital expenditures	—	$62.00M	$68.30M	$59.00M	—	$37.10M	$48.30M	$52.70M	—	$32.50M	$42.70M	$56.00M
Free cash flow	$577.20M	$76.40M	$94.80M	$102.70M	$458.70M	$78.40M	-$2.40M	$206.10M	$542.00M	$18.40M	$337.10M	$112.10M
Investing cash flow	-$75.70M	-$61.80M	-$68.30M	-$59.00M	-$79.90M	-$37.10M	-$68.10M	-$67.00M	-$83.00M	-$762.40M	-$42.70M	-$56.00M
Financing cash flow	-$483.00M	-$67.70M	-$104.50M	-$33.70M	-$377.20M	-$155.20M	$12.30M	-$235.40M	-$462.60M	$781.70M	-$179.00M	-$112.40M
Dividends paid	$104.70M	$112.70M	$112.80M	$112.80M	$112.70M	$120.70M	$120.80M	$120.70M	$120.80M	$128.90M	$129.00M	$129.10M
Share buybacks	$9.00M	$300.00K	$4.20M	$24.50M	$24.10M	$17.20M	$9.30M	$2.70M	$5.60M	$10.90M	$0	$0
Stock-based compensation	$12.30M	$11.70M	$19.40M	$8.80M	$7.50M	$20.00M	$9.60M	$7.70M	$8.90M	$20.70M	$8.60M	$5.20M
Depreciation & amortization	$48.90M	$45.80M	$57.10M	$54.60M	$51.30M	$53.80M	$57.10M	$61.20M	$59.20M	$63.00M	$73.50M	$76.60M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.