Financials · MKC

McCormick & Company Incorporated (MKC) financials

For the twelve months ended Aug 31, 2026, McCormick & Company Incorporated reported $7.69B of revenue and $1.49B of net income.

Revenue, TTM
$7.69B
Revenue growth, YoY
+13.2%
Net income, TTM
$1.49B
Net income growth, YoY
+91.6%
Net margin
19.4%
Free cash flow, TTM
$925.90M
EPS, diluted, TTM
$5.53
EPS growth, YoY
+92.0%
Cash
$331.10M
Total debt
$3.68B
P/E
8.74
P/S
1.69
Market cap
$13.02B
Annual revenue$6.84B
FY2016FY2025
Annual net income$789.40M
FY2016FY2025
Annual free cash flow$740.40M
FY2016FY2025

MKC revenue and earnings growth

MKC revenueQ3 2026$2.02B

Quarter YoY
+17.4%
QoQ
+4.6%
FY YoY
+1.7%
5Y CAGR
+4.1%
10Y CAGR
+4.8%

MKC revenue was $2.02B in fiscal Q3 2026 (ended Aug 31, 2026), up 17.4% from a year earlier and up 4.6% from the prior quarter. For the full fiscal 2025 it was $6.84B, up 1.7% from fiscal 2024. Compound annual growth was +4.1% over 5 years and +4.8% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

MKC net incomeQ3 2026$97.60M

Quarter YoY
-56.7%
QoQ
-35.0%
FY YoY
+0.1%
5Y CAGR
+1.1%
10Y CAGR
+7.0%

MKC net income was $97.60M in fiscal Q3 2026 (ended Aug 31, 2026), down 56.7% from a year earlier and down 35.0% from the prior quarter. For the full fiscal 2025 it was $789.40M, up 0.1% from fiscal 2024. Compound annual growth was +1.1% over 5 years and +7.0% over 10 years. It rose in 7 of the last 10 fiscal years.

MKC EPSQ3 2026$0.36

Quarter YoY
-57.1%
QoQ
-35.7%
FY YoY
+0.3%
5Y CAGR
+1.1%
10Y CAGR
+6.5%

MKC diluted EPS was $0.36 in fiscal Q3 2026 (ended Aug 31, 2026), down 57.1% from a year earlier and down 35.7% from the prior quarter. For the full fiscal 2025 it was $2.93, up 0.3% from fiscal 2024. Compound annual growth was +1.1% over 5 years and +6.5% over 10 years.

MKC free cash flowQ3 2026$112.10M

Quarter YoY
-45.6%
QoQ
-66.7%
FY YoY
+14.4%
5Y CAGR
-1.9%
10Y CAGR
+4.8%

MKC free cash flow was $112.10M in fiscal Q3 2026 (ended Aug 31, 2026), down 45.6% from a year earlier and down 66.7% from the prior quarter. For the full fiscal 2025 it was $740.40M, up 14.4% from fiscal 2024. Compound annual growth was -1.9% over 5 years and +4.8% over 10 years. It rose in 7 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item
Nov 30, 2025
Nov 30, 2024
Nov 30, 2023
Nov 30, 2022
Nov 30, 2021
Nov 30, 2020
Nov 30, 2019
Nov 30, 2018
Nov 30, 2017
Nov 30, 2016
Revenue$6.84B$6.72B$6.66B$6.35B$6.32B$5.60B$5.35B$5.30B$4.73B$4.41B
Cost of revenue$4.25B$4.13B$4.16B$4.08B$3.82B$3.30B$3.20B$3.21B$2.94B$2.58B
Gross profit$2.59B$2.59B$2.50B$2.27B$2.49B$2.30B$2.15B$2.09B$1.79B$1.83B
Research and development$106.10M$102.90M$94.90M$87.50M$87.30M$68.60M$67.30M$69.40M$66.10M$61.00M
Selling, general and admin$1.50B$1.52B$1.48B$1.36B$1.40B$1.28B$1.17B$1.16B$1.03B$1.18B
Operating income$1.07B$1.06B$963.00M$863.60M$1.02B$999.50M$957.70M$891.10M$699.80M$641.00M
Interest expense$196.20M$209.40M$208.20M$149.10M$136.60M$135.60M$165.20M$174.60M$95.70M$56.00M
Pre-tax income$913.00M$898.30M$798.70M$812.80M$895.80M$881.50M$819.20M$741.30M$594.80M$589.20M
Income tax$195.80M$184.00M$174.50M$168.60M$192.70M$174.90M$157.40M-$157.30M$151.30M$153.00M
Net income$789.40M$788.50M$680.60M$682.00M$755.30M$747.40M$702.70M$933.40M$477.40M$472.30M
EPS, basic$2.94$2.94$2.54$2.54$2.83$2.80$2.65$3.55$1.89$1.86
EPS, diluted$2.93$2.92$2.52$2.52$2.80$2.78$2.62$3.50$1.86$1.84
Diluted shares269.4M269.6M269.8M270.2M269.9M269.1M268.1M266.5M256.8M256.0M

Balance sheet

Balance sheet
Line item
Nov 30, 2025
Nov 30, 2024
Nov 30, 2023
Nov 30, 2022
Nov 30, 2021
Nov 30, 2020
Nov 30, 2019
Nov 30, 2018
Nov 30, 2017
Nov 30, 2016
Cash and equivalents$95.90M$186.10M$166.60M$334.00M$351.70M$423.60M$155.40M$96.60M$186.80M$118.40M
Receivables$628.90M$587.40M$587.50M$573.70M$549.50M$528.50M$502.90M$518.10M$555.10M$465.20M
Inventory$1.27B$1.24B$1.13B$1.34B$1.18B$1.03B$801.20M$786.30M$793.30M$756.30M
Current assets$2.14B$2.14B$2.00B$2.39B$2.20B$2.08B$1.55B$1.48B$1.62B$1.42B
Goodwill$5.30B$5.23B$5.26B$5.21B$5.34B$4.99B$4.51B$4.53B$4.49B$1.77B
Total assets$13.20B$13.07B$12.86B$13.12B$12.91B$12.09B$10.36B$10.26B$10.39B$4.64B
Current liabilities$3.06B$2.88B$3.10B$3.43B$3.22B$3.05B$2.15B$2.00B$1.95B$1.42B
Short-term debt$509.10M$265.20M$799.30M$270.60M$770.30M$263.90M$97.70M$83.50M$325.60M$2.90M
Long-term debt$3.11B$3.59B$3.34B$3.64B$3.97B$3.75B$3.63B$4.05B$4.44B$1.05B
Total debt$3.61B$3.86B$4.14B$3.91B$4.74B$4.02B$3.72B$4.14B$4.77B$1.06B
Total liabilities$7.43B$7.75B$7.78B$8.43B$8.48B$8.15B$6.91B$7.07B$7.81B$3.00B
Shareholders' equity$5.74B$5.32B$5.08B$4.70B$4.43B$3.94B$3.46B$3.18B$2.57B$1.64B

Cash flow

Cash flow
Line item
Nov 30, 2025
Nov 30, 2024
Nov 30, 2023
Nov 30, 2022
Nov 30, 2021
Nov 30, 2020
Nov 30, 2019
Nov 30, 2018
Nov 30, 2017
Nov 30, 2016
Operating cash flow$962.20M$921.90M$1.24B$651.50M$828.30M$1.04B$946.80M$821.20M$815.30M$658.10M
Capital expenditures$221.80M$274.90M$263.90M$262.00M$278.00M$225.30M$173.70M$169.10M$182.40M$153.80M
Free cash flow$740.40M$647.00M$973.40M$389.50M$550.30M$816.00M$773.10M$652.10M$632.90M$504.30M
Investing cash flow-$255.20M-$269.00M-$260.50M-$146.40M-$908.60M-$1.03B-$171.00M-$158.50M-$4.51B-$267.10M
Financing cash flow-$840.90M-$583.10M-$1.18B-$487.20M$22.00M$220.90M-$725.80M-$751.10M$3.76B-$371.50M
Dividends paid$483.00M$451.00M$418.50M$396.70M$363.30M$330.10M$302.20M$273.40M$237.60M$217.80M
Share repurchases$34.80M$53.10M$35.70M$38.80M$8.60M$47.30M$95.10M$62.30M$137.80M$242.70M
Stock-based compensation$46.20M$47.40M$63.40M$60.30M$66.60M$46.00M$37.20M$25.60M$23.90M$25.60M
Depreciation and amortization$231.30M$208.80M$199.30M$200.60M$186.30M$165.00M$158.80M$150.70M$125.20M$108.70M

Key ratios

Key ratios
Line item
Nov 30, 2025
Nov 30, 2024
Nov 30, 2023
Nov 30, 2022
Nov 30, 2021
Nov 30, 2020
Nov 30, 2019
Nov 30, 2018
Nov 30, 2017
Nov 30, 2016
Revenue growth, YoY1.7%0.9%4.9%0.5%12.8%4.7%0.8%12.1%7.2%2.7%
Net income growth, YoY0.1%15.9%-0.2%-9.7%1.1%6.4%-24.7%95.5%1.1%17.6%
EPS growth, YoY0.3%15.9%0.0%-10.0%0.7%6.1%-25.1%88.2%0.8%18.6%
Gross margin37.9%38.5%37.6%35.8%39.5%41.1%40.1%39.5%37.9%41.5%
Operating margin15.7%15.8%14.5%13.6%16.1%17.8%17.9%16.8%14.8%14.5%
Net margin11.5%11.7%10.2%10.7%12.0%13.3%13.1%17.6%10.1%10.7%
Free cash flow margin10.8%9.6%14.6%6.1%8.7%14.6%14.5%12.3%13.4%11.4%
Return on equity13.8%14.8%13.4%14.5%17.1%19.0%20.3%29.3%18.6%28.8%
Return on assets6.0%6.0%5.3%5.2%5.9%6.2%6.8%9.1%4.6%10.2%
Current ratio0.700.740.650.700.680.680.720.740.831.00
Debt to equity0.630.730.810.831.071.021.081.301.860.65

Source: XBRL data McCormick & Company Incorporated files with the SEC, latest filing dated Oct 1, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Jan 28, 2021.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MKC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MKC$7.69B+13.2%$1.49B19.4%$13.02B
MDLZ$39.90B+6.0%$4.08B10.2%$83.56B
ADM$84.06B+1.0%$2.48B3.0%$33.30B
KHC$24.78B-1.5%-$3.47B-14.0%$29.13B
BG$93.47B+55.5%$1.16B1.2%$19.04B
GIS$18.30B-4.5%-$894.80M-4.9%$18.99B
SJM$9.16B+5.1%$229.50M2.5%$13.95B
MKC.V$7.69B+13.2%$1.49B19.4%$13.12B
DAR$6.55B+14.9%$600.67M9.2%$7.92B

MKC FAQ

9 questions
  • What is MKC revenue?
    McCormick & Company Incorporated (MKC) reported $7.69B of revenue for the twelve months ended Aug 31, 2026. That is up 13.2% from the year before. Revenue for fiscal 2025 was $6.84B.
  • Is MKC profitable?
    Yes. McCormick & Company Incorporated earned $1.49B in net income for the twelve months ended Aug 31, 2026, a net margin of 19.4%.
  • How much cash and debt does MKC have?
    McCormick & Company Incorporated reported $331.10M in cash and cash equivalents and $3.68B of debt on its most recent balance sheet in SEC filings.
  • How fast is MKC revenue growing?
    McCormick & Company Incorporated's revenue changed +1.7% in fiscal 2025, to $6.84B. Its compound annual growth rate was +4.1% over 5 years and +4.8% over 10 years.
  • What is MKC gross margin?
    McCormick & Company Incorporated's gross profit was $3.00B on $7.69B of revenue for the twelve months ended Aug 31, 2026, a gross margin of 39.1%.
  • What is MKC free cash flow?
    McCormick & Company Incorporated generated $925.90M of free cash flow for the twelve months ended Aug 31, 2026, which is operating cash flow of $1.14B less capital expenditures.
  • What is MKC earnings per share?
    Diluted earnings per share were $5.53 for the twelve months ended Aug 31, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MKC last report financial results?
    The latest statements here come from McCormick & Company Incorporated's 10-Q filed on Oct 1, 2026, covering the period ended Aug 31, 2026.
  • Where does this MKC financial data come from?
    Quantisnow builds these statements from the structured XBRL data McCormick & Company Incorporated files with the SEC. It is provided for information only and is not investment advice.