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

49.87 0.61 −1.21%
Market cap
$13.5B
P/E
9.0×
Fwd P/E
8.6×
Dividend yield
3.85%
F-score
6/9
Altman Z
2.57
Beneish M
−2.48
Dividend safety
59/100

McCormick & Company, Incorporated (MKC) Operating margin

Alert me on Operating margin

McCormick & Company, Incorporated's operating margin over the twelve months to 31 August 2026 was 13.4%, down 2.2 percentage points from fiscal 2025 (15.7%). Over the past ten years it has ranged from 12.8% (fiscal 2015) to 17.9% (fiscal 2019); the current reading is higher than 55% of that period. That is above the Packaged Foods industry median of 2.53% and above the Consumer Defensive sector median of 1.70%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 15.7% (0.12)
FY2024 15.8% 1.32
FY2023 14.5% 0.85
FY2022 13.6% (2.47)
FY2021 16.1% (1.77)
FY2020 17.8% (0.07)
FY2019 17.9% 1.11
FY2018 16.8% 2.01
FY2017 14.8% 0.26
FY2016 14.5% 1.77

Quarterly newest first

Period Operating margin Change (points)
Aug 2026 10.7% (3.55)
May 2026 14.3% 2.13
Feb 2026 12.1% (4.67)
Nov 2025 16.8% 0.07
43 more quarters

Against its own ten years

Low 12.8% High 17.9%
Ten-year median 15.7%
Current reading's percentile 5

Operating margin against peers

Company Operating margin
DAR Darling Ingredients Inc. compare 17.9%
MKC McCormick & Company, Incorporated 13.4%
SJM The J. M. Smucker Company compare 9.02%
LW Lamb Weston compare 7.80%
SFD Smithfield Foods, Inc. compare 7.59%
JBS JBS N.V. compare 3.57%
HRL Hormel Foods Corporation compare 3.47%
GIS General Mills, Inc. compare −1.13%
MICC The Magnum Ice Cream Company N.V. compare —
Packaged Foods industry median 2.53%
Consumer Defensive sector median 1.70%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on MKC