McCormick
MKC NYSE· Packaged Foods & Meats
Last close · Oct 26, 2026
$47.97
KIRA · Stoqly’s AI analyst, in plain words
- McCormick had $6.8B of revenue in fiscal 2025, up 1.7% on the year before. Over five years, revenue changed +4.1% a year on average.
- Its operating margin was 15.7%, down 0.1 pts: of every 100 in sales, about 16 is left after running the business.
- McCormick made $789M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 5.3% a year.
- Free cash flow was $740M in fiscal 2025, 10.8% of revenue.
- McCormick returned $518M to shareholders in fiscal 2025, 70% of free cash flow. The diluted share count fell 0.1%.
- McCormick owes $4.0B more than it holds in cash, about 3.1 years of operating profit.
Market cap
$12.9B
P/E
8.7x
Revenue
$6.8B
Net income
$789M
Free cash flow
$740M
Operating margin
15.7%
McCormick in 30 seconds · fiscal 2025
Are sales growing?
+1.7%
Only a little. Sales grew 1.7% last year.
Does it make a profit?
11.5%
Yes. It keeps 11.5% of every sale as profit.
Does profit turn into cash?
10.8%
Yes. 10.8% of sales ends up as free cash.
Is debt under control?
3.1x
Heavy. Repaying its debt would take 3.1 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
8.7x
One share costs 8.7 times its yearly profit per share. Typical for its sector: 24.7x.
What McCormick does
McCormick makes and sells herbs, spices, seasoning mixes, condiments and other flavor products. Its customers include retailers, food manufacturers and foodservice businesses. Its brands include McCormick, French's, Frank's RedHot, Lawry's, Cholula, Club House, Gourmet Garden, OLD BAY and Zatarain's. It reaches consumers in about 150 countries and territories. It has two segments. The Consumer segment sells branded products to shoppers in stores and online. The Flavor Solutions segment sells flavors and ingredients to food and beverage makers and restaurants. In 2025 the Consumer segment brought in about 58% of net sales and 67% of operating income, and Flavor Solutions about 42% and 33%. McCormick also has joint ventures, the largest being McCormick de Mexico. In January 2026 it bought an additional share in it and now holds a controlling interest. Its major sales, distribution and production sites are in North America, Europe and China.
Biggest risks, in its own words
- Pressure from large retail customers, including customer consolidation, and losing a large customer.
- Trouble getting raw materials, and supply chain disruptions.
- Changes in global trade policies, such as tariffs.
- Competition in its markets.
- Fiscal year ends
- November 30, 2025
- Latest annual report
- 10-K · Jan 22, 2026
- Legal name
- McCORMICK & COMPANY, INCORPORATED
- CIK
- 0000063754
McCormick · MKC
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $6.3B | $6.4B | $6.7B | $6.7B | $6.8B |
| Revenue growth | 12.8% | 0.5% | 4.9% | 0.9% | 1.7% |
| Gross margin | 39.5% | 35.8% | 37.6% | 38.5% | 37.9% |
| Operating margin | 16.1% | 13.6% | 14.5% | 15.8% | 15.7% |
| Net income | $755M | $682M | $681M | $789M | $789M |
| Net margin | 12.0% | 10.7% | 10.2% | 11.7% | 11.5% |
| Diluted EPS | $2.80 | $2.52 | $2.52 | $2.92 | $2.93 |
| Cash | |||||
| Cash from operations | $828M | $652M | $1.2B | $922M | $962M |
| Capital expenditure | $278M | $262M | $264M | $275M | $222M |
| Free cash flow | $550M | $390M | $973M | $647M | $740M |
| FCF margin | 8.7% | 6.1% | 14.6% | 9.6% | 10.8% |
| Dividends paid | $363M | $397M | $419M | $451M | $483M |
| Share buybacks | $8.6M | $38.8M | $35.7M | $53.1M | $34.8M |
| Share count change | 0.3% | 0.1% | −0.2% | −0.1% | −0.1% |
| Debt and strength | |||||
| Cash and short-term investments | $352M | $334M | $167M | $186M | $95.9M |
| Debt incl. finance leases | $5.4B | $5.3B | $4.5B | $4.4B | $4.1B |
| Shareholders' equity | $4.4B | $4.7B | $5.1B | $5.3B | $5.7B |
| Net debt / EBITDA | 4.2x | 4.6x | 3.8x | 3.4x | 3.1x |
| Current ratio | 0.7x | 0.7x | 0.7x | 0.7x | 0.7x |
| Interest coverage | 7.4x | 5.8x | 4.6x | 5.1x | 5.5x |
| Returns and quality | |||||
| Return on capital | 8.8% | 7.2% | 7.9% | 8.9% | 8.7% |
| Return on equity | 18.1% | 15.0% | 14.0% | 15.2% | 14.3% |
| Piotroski F-score | 4 | 4 | 7 | 9 | 6 |
| Altman Z'' | 1.3 | 1.3 | 1.5 | 1.8 | 1.8 |
Insiders bought, 12 months
$0.2M
2 insiders
Insiders sold, 12 months
$24.2M
4 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
McCormick · MKC
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| McCormick MKC | $12.9B | 1.7% | 15.7% | 10.8% | 8.7% | 8.7x | 6 |
| Lamb Weston LW | $7.4B | 2.5% | 8.9% | 8.2% | 7.1% | 29.3x | 7 |
| Post POST | $4.1B | 3.0% | 9.8% | 6.0% | 5.7% | 14.7x | 4 |
| Flowers Foods FLO | $1.3B | 3.0% | 3.3% | 6.1% | 4.6% | 22.7x | 5 |
| J.M. Smucker SJM | — | 3.7% | 4.0% | 12.8% | 2.2% | 60.1x | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $47.97 a share, the company is worth $12.9B: 8.7 times its earnings of the last four quarters.
McCormick grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 0 of 4.
Source: SEC EDGAR XBRL filings (CIK 0000063754). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.