McCormick & Company, Incorporated (MKC.V)

McCormick & Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	May 31, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Revenue	6,743	6,724	6,662	6,351	6,318	5,601
Revenue Growth (YoY)	0.89%	0.92%	4.91%	0.52%	12.79%	4.75%
Cost of Revenue	4,144	4,133	4,160	4,076	3,812	3,301
Gross Profit	2,599	2,591	2,503	2,275	2,506	2,300
Selling, General & Admin	1,410	1,410	1,373	1,260	1,310	1,203
Research & Development	102.9	102.9	94.9	87.5	87.3	68.6
Operating Expenses	1,513	1,513	1,468	1,348	1,398	1,272
Operating Income	1,086	1,078	1,035	927	1,108	1,029
Interest Expense	-205.7	-209.4	-208.2	-149.1	-136.6	-135.6
Interest & Investment Income	45.9	45.9	36.6	17.8	9.3	7.8
Earnings From Equity Investments	73.2	74.2	56.4	37.8	52.2	40.8
Currency Exchange Gain (Loss)	-16.2	-5	-0.6	0.3	1	-1
Other Non Operating Income (Expenses)	7.4	-1.9	-1.6	2.3	0.6	0.8
EBT Excluding Unusual Items	991	982	917.5	836.1	1,034	941.6
Merger & Restructuring Charges	-16.3	-9.5	-61.2	-53.8	-86.4	-19.3
Gain (Loss) on Sale of Investments	-	-	-	18.7	-	-
Gain (Loss) on Sale of Assets	-	-	-1.2	49.6	-	-
Pretax Income	974.7	972.5	855.1	850.6	948	922.3
Income Tax Expense	199.1	184	174.5	168.6	192.7	174.9
Net Income	775.6	788.5	680.6	682	755.3	747.4
Net Income to Common	775.6	788.5	680.6	682	755.3	747.4
Net Income Growth	4.87%	15.85%	-0.21%	-9.71%	1.06%	6.36%
Shares Outstanding (Basic)	269	269	268	268	267	267
Shares Outstanding (Diluted)	270	270	270	270	270	269
Shares Change (YoY)	-0.09%	-0.07%	-0.15%	0.11%	0.30%	0.37%
EPS (Basic)	2.89	2.94	2.54	2.54	2.83	2.80
EPS (Diluted)	2.87	2.92	2.52	2.52	2.80	2.78
EPS Growth	4.75%	15.87%	-	-10.00%	0.72%	6.11%
Free Cash Flow	551.8	647	973.4	389.5	550.3	816
Free Cash Flow Per Share	2.05	2.40	3.61	1.44	2.04	3.03
Dividend Per Share	1.740	1.680	1.560	1.480	1.360	1.240
Dividend Growth	7.41%	7.69%	5.41%	8.82%	9.68%	8.77%
Gross Margin	38.54%	38.54%	37.56%	35.82%	39.66%	41.07%
Operating Margin	16.11%	16.04%	15.53%	14.60%	17.54%	18.37%
Profit Margin	11.50%	11.73%	10.22%	10.74%	11.96%	13.34%
Free Cash Flow Margin	8.18%	9.62%	14.61%	6.13%	8.71%	14.57%
EBITDA	1,281	1,265	1,214	1,103	1,282	1,181
EBITDA Margin	19.00%	18.82%	18.21%	17.36%	20.29%	21.09%
D&A For EBITDA	194.9	186.9	178.6	175.5	173.7	152.6
EBIT	1,086	1,078	1,035	927	1,108	1,029
EBIT Margin	16.11%	16.04%	15.53%	14.60%	17.54%	18.37%
Effective Tax Rate	20.43%	18.92%	20.41%	19.82%	20.33%	18.96%
Advertising Expenses	-	218.8	198.1	187.2	182.6	174.8

Updated Jun 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q