NYSE · Financial Statements

McCormick & Company, Incorporated (MKC) Financial Statements

$48.12 NYSE: MKC Market Cap $12.95B

McCormick & Company, Incorporated most recently reported annual revenue of $6.8B, net profit of $789.0M. Revenue grew at an average annual rate of 4.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

McCormick & Company, Incorporated: Revenue rose from $4.4B in 2016 to $6.8B in 2025, a change of +55.0% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 14.5% to 16.0%, a shift of +1.4 percentage points; the most recent year shows net profit of $789.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$4.4B$4.7B$5.3B$5.3B$5.6B$6.3B$6.4B$6.7B$6.7B$6.8B
Operating Expenses$3.8B$4.0B$4.4B$4.4B$4.6B$5.3B$5.5B$5.7B$5.7B$5.7B
Operating Profit$641.0M$700.0M$891.0M$958.0M$1.0B$1.0B$864.0M$963.0M$1.1B$1.1B
Operating Margin14.5%14.8%16.8%17.9%17.8%16.1%13.6%14.4%15.8%16.0%
Other Income$-16.0M$-71.0M$-115.0M$-98.0M$-77.0M$-67.0M$-13.0M$-108.0M$-88.0M$-107.0M
Interest$56.0M$96.0M$175.0M$165.0M$136.0M$137.0M$149.0M$208.0M$209.0M$196.0M
Depreciation$109.0M$125.0M$151.0M$159.0M$165.0M$186.0M$201.0M$199.0M$209.0M$231.0M
Profit Before Tax$625.0M$629.0M$776.0M$860.0M$922.0M$948.0M$851.0M$855.0M$973.0M$985.0M
Tax$24.5M$24.1M$-20.3M$18.3M$19.0M$20.3M$19.8M$20.4M$18.9M$19.9M
Net Profit$472.0M$477.0M$933.0M$703.0M$747.0M$755.0M$682.0M$681.0M$789.0M$789.0M
EPS$1.85$1.86$3.50$2.62$2.78$2.80$2.52$2.52$2.92$2.93
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.7B$1.8B$1.6B$1.6B$1.7B$1.8B$1.6B$1.7B$1.7B$1.9B$1.9B$1.9B
Operating Expenses$1.4B$1.5B$1.4B$1.4B$1.4B$1.5B$1.4B$1.4B$1.4B$1.5B$1.6B$1.7B
Operating Profit$245.0M$297.0M$234.0M$234.0M$287.0M$306.0M$225.0M$246.0M$289.0M$316.0M$253.0M$276.0M
Operating Margin14.5%17.0%14.6%14.3%17.1%17.0%14.0%14.8%16.7%17.1%13.5%14.3%
Interest$53.0M$53.0M$50.0M$53.0M$54.0M$53.0M$49.0M$51.0M$50.0M$47.0M$47.0M$63.0M
Profit Before Tax$213.0M$276.0M$216.0M$210.0M$264.0M$282.0M$204.0M$224.0M$265.0M$292.0M$185.0M$220.0M
Tax$20.1M$20.7M$23.0M$12.4M$15.5M$23.8M$20.4M$22.0M$14.8M$22.4M$26.3M$28.8M
Net Profit$170.0M$219.0M$166.0M$184.0M$223.0M$215.0M$162.0M$175.0M$226.0M$227.0M$1.0B$160.0M
EPS$0.63$0.81$0.62$0.68$0.83$0.80$0.60$0.65$0.84$0.84$3.77$0.56

Over the 10 years reported for McCormick & Company, Incorporated, borrowings increased from $1.4B in 2016 to $4.0B in 2025, cash stood at $96.0M in the latest year, shareholders' equity was $582.0M, current assets covered current liabilities 0.70 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$4.6B$10.4B$10.3B$10.4B$12.1B$12.9B$13.1B$12.9B$13.1B$13.2B
Current Assets$1.4B$1.6B$1.5B$1.6B$2.1B$2.2B$2.4B$2.0B$2.1B$2.1B
Cash$118.0M$187.0M$97.0M$155.0M$424.0M$352.0M$334.0M$167.0M$186.0M$96.0M
Inventory$756.0M$793.0M$786.0M$801.0M$1.0B$1.2B$1.3B$1.1B$1.2B$1.3B
Receivables$465.0M$555.0M$518.0M$503.0M$529.0M$550.0M$574.0M$588.0M$587.0M$629.0M
Fixed Assets$669.0M$809.0M$942.0M$953.0M$1.2B$1.3B$1.4B$1.5B$1.6B$1.4B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$251.0M$291.0M$288.0M$310.0M$323.0M$301.0M$283.0M$264.0M$283.0M$0
Other Assets$1.8B$4.5B$4.5B$4.5B$5.0B$5.3B$5.2B$5.3B$5.2B$5.3B
Total Liabilities$3.0B$7.8B$7.1B$6.9B$8.2B$8.5B$8.4B$7.8B$7.8B$7.4B
Current Liabilities$1.4B$1.9B$2.0B$2.2B$3.0B$3.2B$3.4B$3.1B$2.9B$3.1B
Borrowings$1.4B$5.0B$4.7B$4.3B$5.0B$5.4B$5.3B$4.6B$4.5B$4.0B
Other Liabilities$1.6B$2.8B$2.4B$2.6B$3.1B$3.1B$3.1B$3.2B$3.2B$3.4B
Equity$1.1B$1.7B$1.8B$1.9B$2.0B$2.1B$2.1B$2.2B$2.2B$582.0M
Reserves$1.6B$2.6B$3.2B$3.4B$3.9B$4.4B$4.7B$5.1B$5.3B$5.7B

For McCormick & Company, Incorporated, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $740.0M; free cash flow was positive in 10 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$658.0M$815.0M$821.0M$947.0M$1.0B$828.0M$652.0M$1.2B$922.0M$962.0M
Investing Cash Flow$-421.0M$-4.7B$-328.0M$-345.0M$-1.3B$-1.2B$-408.0M$-524.0M$-544.0M$-477.0M
Financing Cash Flow$-209.0M$-143.0M$-11.0M$-17.0M$8.0M$3.0M$-17.0M$-29.0M$-38.0M$9.0M
Net Cash Flow$6.0M$68.0M$-90.0M$59.0M$268.0M$-72.0M$-18.0M$-167.0M$20.0M$-90.0M
Free Cash Flow$504.0M$633.0M$652.0M$773.0M$816.0M$550.0M$390.0M$973.0M$647.0M$740.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.07
EV / EBITDA12.74
FCF Yield8.98%
Quick Ratio0.39
Interest Coverage5.48
Return 1Y-30.03%
Return 3Y-23.79%
Return 5Y-36.77%

McCormick & Company, Incorporated (MKC) financials — frequently asked questions

What is McCormick & Company, Incorporated's annual revenue?

McCormick & Company, Incorporated (MKC) reported annual revenue of $6.8B in its most recent fiscal year.

What is McCormick & Company, Incorporated's net profit?

McCormick & Company, Incorporated (MKC) reported net profit of $789.0M in its most recent fiscal year.

What is MKC EV/EBITDA?

McCormick & Company, Incorporated's enterprise value to EBITDA (EV/EBITDA) ratio is 12.74.

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