McCormick & Company, Incorporated
MKC Consumer Defensive Packaged Foods
McCormick & Company, Incorporated’s revenue for fiscal 2025 (year ended November 2025) was $6.8 billion, up 1.73% from fiscal 2024.
- Revenue
- +17.4%
- EPS
- −57.1%
- Free cash flow
- −45.6%
- Total debt
- −4.77%
Quarter to August 2026, against a year earlier
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McCormick & Company, Incorporated 10-Q filed Oct 1, 2026
Red flags
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Covenant breach
McCormick & Company, Incorporated’s 10-Q reports a breach of a debt covenant, or a waiver to avoid one
The Term Loan Agreement contains a financial covenant requiring us to maintain a minimum interest coverage ratio as well as other non-financial covenants and certain customary events of default.
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jun 25, 2026: 3 added · 2 removed · 41 modified; 23 with only figures updated
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Modified · Recent Events
On February 20, 2026, the U.S. Supreme Court ruled that certain tariffs imposed under IEEPA by the executive branch are not lawful. On March 4, 2026, the CIT ordered CBP to begin the refund process for all importers who were subject to IEEPA tariffs. On April 20, 2026, CBP established an online portal through which companies can submit IEEPA tariff refund requests. We submitted our refund request on April 28, 2026, which is described in Note 1 of the notes to our accompanying condensed consolidated financial statements.
The CIT order has been appealed and weWe will continue to monitor U.S. tariff-related developments for further updates and any associated impacts on our consolidated financial statements.