Saturday 17 October 2026 Export MKC’s income statement to Excel — free account

McCormick & Company, Incorporated

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%

Follow MKC

Alert me

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

Auditor change Sep 28, 2026

All filings →

Insider Decisions trades per month

Total buys 0.21

Total sells 25.04

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	1	—	—	1	—	—	1
Sell	2	—	1	4	—	—	—	—	—	1	—	—

Insider Ownership 5.59%

Capital & Financial Ratios $m

Market Cap 12,320.00

Revenue 7,685.70

Net Income 1,516.70

Free Cash Flow 925.90

Net Debt 3,346.90

Current Ratio 0.66

Debt/Equity 0.48

P/E ratio 8.32

Fwd P/E 15.70

P/S ratio 1.62

P/B ratio 1.65

Past 5Y EPS Growth 1.06%

This Y EPS Growth 2.97%

Next Y EPS Growth 3.89%

Next Y revenue growth 15.81%

Next 5Y EPS Growth 5.12%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 2.17%

10-year low 10-year high

P/S against its own 10 years 0.44%

10-year low 10-year high

P/B against its own 10 years 0.55%

10-year low 10-year high

EV/Sales against its own 10 years 0.44%

10-year low 10-year high

EV/FCF against its own 10 years 1.99%

10-year low 10-year high

Dividends

Payout Ratio 0.35

Annual Dividend Rate 1.92

Annual Dividend Yield 4.14%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.94	0.48 0.48 0.48
2025	1.83	0.45 0.45 0.45 0.48
2024	1.71	0.42 0.42 0.42 0.45
2023	1.59	0.39 0.39 0.39 0.42
2022	1.50	0.37 0.37 0.37 0.39
2021	1.39	0.34 0.34 0.34 0.37
2020	1.27	0.31 0.31 0.31 0.34
2019	1.17	0.29 0.29 0.29 0.31
2018	1.07	0.26 0.26 0.26 0.29
2017	0.97	0.24 0.24 0.24 0.26
2016	0.88	0.22 0.22 0.22 0.24

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	167	186	96	331
Receivables	588	587	629	832
Inventory	1,127	1,240	1,272	1,446
Other	—	—	—	—
	2,002	2,139	2,138	2,905

	2023	2024	2025	Q'26
Payables	1,119	1,238	1,259	1,481
ST’ Debt	799	265	509	772
Other	—	—	—	—
	3,099	2,883	3,062	4,420

Compound Annual Growth %

	10y	5y	3y
Sales	4.76%	4.08%	2.51%
Cash Flow	5.01%	(1.57%)	13.88%
Earnings	6.99%	1.10%	5.00%
Book Value	13.08%	7.92%	7.07%

Revenue $m

	Feb	May	Aug	Nov	Year
’26	1,874	1,937	2,025	—	—
’25	1,606	1,660	1,725	1,850	6,840
’24	1,603	1,643	1,680	1,798	6,724
’23	1,566	1,659	1,685	1,753	6,662
’22	1,522	1,537	1,596	1,696	6,351
’21	1,482	1,557	1,549	1,730	6,318
’20	1,212	1,401	1,430	1,558	5,601

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Feb	May	Aug	Nov	Year
’26	51	380	168	—	—
’25	116	46	259	542	962
’24	138	163	162	459	922
’23	103	291	266	577	1,237
’22	18	137	96	401	652
’21	(32)	261	144	455	828
’20	45	311	271	415	1,041

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Feb	May	Aug	Nov	Year
’26	18	337	112	—	—
’25	78	(2)	206	458	740
’24	76	95	103	373	647
’23	42	234	197	501	973
’22	(26)	91	32	306	403
’21	(81)	197	67	367	550
’20	6	262	213	335	816

Fiscal quarters ending in the months shown.

EPS $

	Feb	May	Aug	Nov	Year
’26	3.77	0.56	0.39	—	—
’25	0.60	0.65	0.84	0.84	2.93
’24	0.62	0.68	0.83	0.80	2.92
’23	0.52	0.56	0.63	0.81	2.52
’22	0.57	0.44	0.82	0.69	2.52
’21	0.60	0.68	0.79	0.73	2.80
’20	0.54	0.73	0.77	0.74	2.78

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	39.23	44.83	49.17	59.50	56.12	77.85	71.19	59.13	63.88	62.64	Analyst estimates 2026–2028 Powerpack
	High	53.92	53.25	78.00	86.66	105.54	98.80	107.35	94.39	85.49	86.24
People
People	Employees	13,300	14,600	14,400	15,100	15,500	14,000	14,200	13,800	14,100	14,100
	Revenue/emp, $m	0.33	0.32	0.37	0.35	0.36	0.45	0.45	0.48	0.48	0.49
Income, $m
Income, $m	Revenue	4,412	4,730	5,303	5,347	5,601	6,318	6,351	6,662	6,724	6,840
	Gross margin, %	41.52	37.93	39.48	40.12	41.07	39.48	35.82	37.56	38.54	37.90
	EBT	589	595	741	819	882	896	813	799	898	913
	EBT margin, %	13.36	12.57	13.98	15.32	15.74	14.18	12.80	11.99	13.36	13.35
	Net income	472	477	933	703	747	755	682	681	789	789
	Depreciation	109	146	151	159	165	193	201	199	209	231
Per share, $
Per share, $	Revenue	17.42	18.65	20.16	20.17	21.02	23.64	23.68	24.82	25.04	25.48
	Earnings	1.87	1.89	3.55	2.65	2.80	2.83	2.54	2.54	2.94	2.94
	Cash flow	2.60	3.21	3.12	3.57	3.91	3.10	2.43	4.61	3.43	3.58
	Capex	(0.60)	(0.72)	(0.64)	(0.66)	(0.85)	(1.04)	(0.93)	(0.98)	(1.02)	(0.83)
	Free cash flow	2.00	2.50	2.48	2.92	3.06	2.06	1.50	3.63	2.41	2.76
	Book value	6.47	10.14	12.10	13.04	14.78	16.56	17.52	18.94	19.80	21.48
	Shares, m	253	254	263	265	267	267	268	268	269	269
Valuation, ×
Valuation, ×	P/E	24.45	27.25	21.13	31.93	33.33	30.33	33.54	25.52	26.66	22.66
	P/S	2.62	2.74	3.72	4.19	4.45	3.63	3.60	2.61	3.13	2.61
	P/B	7.05	5.04	6.20	6.49	6.32	5.18	4.86	3.42	3.96	3.09
	EV/Sales	2.83	3.71	4.48	4.86	5.09	4.33	4.16	3.21	3.68	3.12
	EV/FCF	24.67	27.71	36.46	33.63	34.94	49.67	67.84	21.92	38.11	28.77
Cash, $m
Cash, $m	Operating cash flow	658	815	821	947	1,041	828	652	1,237	922	962
	Capex	(152)	(182)	(169)	(174)	(225)	(278)	(248)	(264)	(275)	(222)
	Free cash flow	506	633	652	773	816	550	403	973	647	740
Balance, $m
Balance, $m	Working capital	(1)	(330)	(522)	(604)	(963)	(1,028)	(1,046)	(1,097)	(744)	(924)
	Total debt	1,057	4,770	4,136	3,724	4,018	4,744	3,913	4,139	3,859	3,615
	Net debt	939	4,583	4,040	3,568	3,594	4,392	3,579	3,973	3,673	3,519
	Shareholders’ equity	1,638	2,571	3,182	3,457	3,940	4,426	4,699	5,084	5,317	5,768
Returns, %
Returns, %	ROA	10.37	6.36	9.04	6.82	6.66	6.04	5.24	5.24	6.08	6.01
	ROIC	15.55	6.11	7.71	8.52	8.29	7.20	6.52	6.65	7.37	7.21
	ROE	28.41	22.68	32.45	21.17	20.21	18.06	14.95	13.91	15.16	14.24

Negative figures in brackets.

All 10 years →

Fiscal years to Nov 2025 · latest quarter Aug 2026 · fundamentals updated 6 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GIS General Mills, Inc.	$17.6B	— (loss-making)	10.6×	−2.83% (below 0%: shrinking)	−66.67% (below 0%: shrinking)	−28.59% (below 0%: shrinking)	33.88%	14.43%	Compare
JBS JBS N.V.	$13.6B	12.8×	9.2×	+13.82% (above 0%: growing)	n/m	+238.90% (above 0%: growing)	10.83%	2.50%	Compare
SJM The J. M. Smucker Company	$13.5B	59.3×	12.9×	+5.02% (above 0%: growing)	n/m	+511.71% (above 0%: growing)	44.14%	23.05%	Compare
MKC McCormick & Company, Incorporated	$12.3B	8.3×	15.7×	+17.39% (above 0%: growing)	−53.76% (below 0%: shrinking)	−45.61% (below 0%: shrinking)	39.26%	10.72%
MICC The Magnum Ice Cream Company N.V.	$11.3B	—	—	—	—	—	—	—	Compare
HRL Hormel Foods Corporation	$11.1B	32.4×	16.1×	−2.36% (below 0%: shrinking)	−66.67% (below 0%: shrinking)	+107.16% (above 0%: growing)	15.92%	2.49%	Compare
DAR Darling Ingredients Inc.	$9.6B	16.3×	13.8×	+16.37% (above 0%: growing)	+2,950.00% (above 0%: growing)	+428.22% (above 0%: growing)	29.20%	32.20%	Compare
LW Lamb Weston	$7.5B	28.9×	14.4×	+0.66% (above 0%: growing)	−54.02% (below 0%: shrinking)	−47.29% (below 0%: shrinking)	15.96%	4.92%	Compare
SFD Smithfield Foods, Inc.	$7.3B	6.9×	10.0×	−2.27% (below 0%: shrinking)	+27.08% (above 0%: growing)	−1.54% (below 0%: shrinking)	12.95%	7.86%	Compare
Median of peers	$11.2B	22.6×	12.9×	+0.66%	−54.02%	+107.16%	15.96%	7.86%

All 71 Packaged Foods stocks →

McCormick & Company, Incorporated (MKC) key facts

Strength: McCormick & Company, Incorporated’s revenue for fiscal 2025 (year ended November 2025) was $6.8 billion, up 1.73% from fiscal 2024.
McCormick & Company, Incorporated (MKC) is a Packaged Foods company in the Consumer Defensive sector, listed on the New York Stock Exchange.
As of October 16, 2026, MKC traded at $46.35, a market capitalization of $12.3 billion.
McCormick & Company, Incorporated pays an annual dividend of $1.92 per share, a yield of 4.14%, with a payout ratio of 34.5%.
Return on equity was 14.2% and debt-to-equity 0.48.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.57 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 6, 2026.

Financial Analysis (summary)

Updated 3 October 2026

McCormick generated $6.8 billion of revenue, $789.4 million of net income, and $2.93 of diluted EPS in FY2025. Free cash flow was $740.4 million in FY2025, while total debt was $3.6 billion and shareholders’ equity was $5.8 billion in FY2025.

In Q3 FY2026, revenue was $2.0 billion and gross profit was $794.9 million, while operating income was $217.0 million and net income was $107.6 million. Net debt was $2.6 billion in Q3 FY2026, and trailing-twelve-month revenue reached $7.7 billion through Q3 FY2026.

Read the full analysis →