McCormick & Company Income Statement

Financials in millions USD. Fiscal year is December - November.

Millions USD. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	6,840	6,724	6,662	6,351	6,318
Revenue Growth (YoY)	1.73%	0.92%	4.91%	0.52%	12.79%
Cost of Revenue	4,246	4,133	4,160	4,076	3,812
Gross Profit	2,594	2,591	2,503	2,275	2,506
Selling, General & Admin	1,389	1,410	1,373	1,260	1,310
Research & Development	106.1	102.9	94.9	87.5	87.3
Operating Expenses	1,496	1,513	1,468	1,348	1,398
Operating Income	1,099	1,078	1,035	927	1,108
Interest Expense	-196.2	-209.4	-208.2	-149.1	-136.6
Interest & Investment Income	40.1	45.9	36.6	17.8	9.3
Earnings From Equity Investments	72.2	74.2	56.4	37.8	52.2
Currency Exchange Gain (Loss)	-1	-5	-0.6	0.3	1
Other Non Operating Income (Expenses)	-5.5	-1.9	-2.8	2.3	0.6
EBT Excluding Unusual Items	1,008	982	916.3	836.1	1,034
Merger & Restructuring Charges	-19.9	-2.7	-34.4	-53.8	-86.4
Gain (Loss) on Sale of Investments	-	-	-	18.7	-
Gain (Loss) on Sale of Assets	-	-	-	49.6	-
Other Unusual Items	-3.3	-6.8	-26.8	-	-
Pretax Income	985.2	972.5	855.1	850.6	948
Income Tax Expense	195.8	184	174.5	168.6	192.7
Net Income	789.4	788.5	680.6	682	755.3
Net Income to Common	789.4	788.5	680.6	682	755.3
Net Income Growth	0.11%	15.85%	-0.21%	-9.71%	1.06%
Shares Outstanding (Basic)	269	269	268	268	267
Shares Outstanding (Diluted)	269	270	270	270	270
Shares Change (YoY)	-0.07%	-0.07%	-0.15%	0.11%	0.30%
EPS (Basic)	2.94	2.94	2.54	2.54	2.83
EPS (Diluted)	2.93	2.92	2.52	2.52	2.80
EPS Growth	0.34%	15.87%	-	-10.00%	0.72%
Free Cash Flow	740.4	647	973.4	389.5	550.3
Free Cash Flow Per Share	2.75	2.40	3.61	1.44	2.04
Dividend Per Share	1.800	1.680	1.560	1.480	1.360
Dividend Growth	7.14%	7.69%	5.41%	8.82%	9.68%
Gross Margin	37.93%	38.54%	37.56%	35.82%	39.66%
Operating Margin	16.06%	16.04%	15.53%	14.60%	17.54%
Profit Margin	11.54%	11.73%	10.22%	10.74%	11.96%
Free Cash Flow Margin	10.82%	9.62%	14.61%	6.13%	8.71%
EBITDA	1,306	1,265	1,214	1,103	1,282
EBITDA Margin	19.09%	18.82%	18.21%	17.36%	20.29%
D&A For EBITDA	207	186.9	178.6	175.5	173.7
EBIT	1,099	1,078	1,035	927	1,108
EBIT Margin	16.06%	16.04%	15.53%	14.60%	17.54%
Effective Tax Rate	19.87%	18.92%	20.41%	19.82%	20.33%
Advertising Expenses	225.1	218.8	198.1	187.2	182.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.