McCormick & Company, Incorporated (MKC.V)

McCormick & Company Income Statement

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

Year Ending	TTM	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Revenue	6,683	6,662	6,351	6,318	5,601	5,347
Revenue Growth (YoY)	2.57%	4.91%	0.52%	12.79%	4.75%	0.84%
Cost of Revenue	4,140	4,160	4,076	3,823	3,301	3,202
Gross Profit	2,543	2,503	2,275	2,495	2,300	2,145
Selling, General & Admin	1,507	1,478	1,357	1,404	1,282	1,167
Other Operating Expenses	26.2	61.2	53.8	75.4	19.3	20.8
Operating Expenses	1,533	1,540	1,411	1,480	1,301	1,188
Operating Income	1,010	963	863.6	1,015	999.5	957.7
Interest Expense / Income	208.6	208.2	149.1	136.6	135.6	165.2
Other Expense / Income	-43.8	-43.9	-98.3	-17.3	-17.6	-26.7
Pretax Income	845	798.7	812.8	895.8	881.5	819.2
Income Tax	175.6	174.5	168.6	192.7	174.9	157.4
Net Income	669.4	624.2	644.2	703.1	706.6	661.8
Net Income Growth	1.83%	-3.10%	-8.38%	-0.50%	6.77%	-26.35%
Shares Outstanding (Basic)	269	268	268	267	267	266
Shares Change	0.07%	0.05%	0.33%	0.19%	0.38%	0.95%
EPS (Basic)	2.76	2.54	2.54	2.83	2.80	2.65
EPS (Diluted)	2.74	2.52	2.52	2.80	2.78	2.62
EPS Growth	5.79%	0%	-10.00%	0.72%	6.11%	-25.14%
Free Cash Flow	869	973.4	389.5	550.3	816	773.1
Free Cash Flow Per Share	3.23	3.63	1.45	2.06	3.06	2.91
Dividend Per Share	1.620	1.560	1.480	1.360	1.240	1.140
Dividend Growth	6.58%	5.41%	8.82%	9.68%	8.77%	9.62%
Gross Margin	38.05%	37.56%	35.82%	39.48%	41.07%	40.12%
Operating Margin	15.11%	14.45%	13.60%	16.07%	17.84%	17.91%
Profit Margin	10.02%	9.37%	10.14%	11.13%	12.61%	12.38%
Free Cash Flow Margin	13.00%	14.61%	6.13%	8.71%	14.57%	14.46%
Effective Tax Rate	20.78%	21.85%	20.74%	21.51%	19.84%	19.21%
EBITDA	1,259	1,206	1,163	1,219	1,182	1,143
EBITDA Margin	18.84%	18.11%	18.31%	19.29%	21.10%	21.38%
Depreciation & Amortization	205.6	199.3	200.6	186.3	165	158.8
EBIT	1,054	1,007	961.9	1,032	1,017	984.4
EBIT Margin	15.76%	15.11%	15.15%	16.34%	18.16%	18.41%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).