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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. In the quarter to August 2026, revenue grew 17.4%, EPS fell 53.8%, free cash flow fell 45.6% and total debt fell 4.77%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten; insiders bought in the last twelve months.

46.35 0.64 +1.40%
Market cap
$12.3B
P/E
8.3×
Fwd P/E
15.7×
Dividend yield
4.14%
F-score
6/9
Altman Z
2.57
Beneish M
−2.48
Dividend safety
59/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

McCormick & Company, Incorporated (MKC) Piotroski F-score

Alert me on Piotroski F-score

McCormick & Company, Incorporated's Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, down from 7 in fiscal 2024.

Piotroski F-score, annual

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Annual newest first

Period Piotroski F-score Change (points)
FY2025 6 (1.00)
FY2024 7 1.00
FY2023 6 2.00
FY2022 4 (1.00)
FY2021 5 0.00
FY2020 5 (1.00)
FY2019 6 1.00
FY2018 5 2.00
FY2017 3 (5.00)
FY2016 8 —

How fiscal 2025’s score is made up

Test This year Year before Result Points
Positive return on assets 6.01% 6.08% Pass 1
Positive operating cash flow 962.20m 921.90m Pass 1
Rising return on assets 6.01% 6.08% Fail 0
Cash flow above net income 172.80m 133.40m Pass 1
Falling long-term leverage 0.24 0.28 Pass 1
Rising current ratio 0.70 0.74 Fail 0
No new shares issued 268,500,000 268,500,000 Pass 1
Rising gross margin 37.90% 38.54% Fail 0
Rising asset turnover 0.52 0.52 Pass 1
Piotroski F-score Mixed 6

How the Piotroski F-score works

One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.

Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:

7–9Strong — most fundamentals improved
4–6Mixed
0–3Weak — most fundamentals deteriorated

Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.

Piotroski F-score against peers

Company Piotroski F-score
LW Lamb Weston compare 7
SFD Smithfield Foods, Inc. compare 7
DAR Darling Ingredients Inc. compare 7
MKC McCormick & Company, Incorporated 6
HRL Hormel Foods Corporation compare 5
GIS General Mills, Inc. compare 4
SJM The J. M. Smucker Company compare 4
JBS JBS N.V. compare —
MICC The Magnum Ice Cream Company N.V. compare —

What Piotroski F-score is

The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.

One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover

The full definition of Piotroski F-score →

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