McCormick & Company, Incorporated (MKC)

McCormick & Company Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 28, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Revenue	7,109	6,840	6,724	6,662	6,351	6,318
Revenue Growth (YoY)	5.68%	1.73%	0.92%	4.91%	0.52%	12.79%
Cost of Revenue	4,395	4,246	4,133	4,160	4,076	3,812
Gross Profit	2,714	2,594	2,591	2,503	2,275	2,506
Selling, General & Admin	1,467	1,389	1,410	1,373	1,260	1,310
Research & Development	106.1	106.1	102.9	94.9	87.5	87.3
Operating Expenses	1,573	1,496	1,513	1,468	1,348	1,398
Operating Income	1,141	1,099	1,078	1,035	927	1,108
Interest Expense	-195	-196.2	-209.4	-208.2	-149.1	-136.6
Interest & Investment Income	40.1	40.1	45.9	36.6	17.8	9.3
Earnings From Equity Investments	939.7	72.2	74.2	56.4	37.8	52.2
Currency Exchange Gain (Loss)	-0.6	-1	-5	-0.6	0.3	1
Other Non Operating Income (Expenses)	-10.9	-5.5	-1.9	-2.8	2.3	0.6
EBT Excluding Unusual Items	1,915	1,008	982	916.3	836.1	1,034
Merger & Restructuring Charges	-59	-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	-4.3	-3.3	-6.8	-26.8	-	-
Pretax Income	1,851	985.2	972.5	855.1	850.6	948
Income Tax Expense	202.9	195.8	184	174.5	168.6	192.7
Net Income	1,643	789.4	788.5	680.6	682	755.3
Net Income to Common	1,643	789.4	788.5	680.6	682	755.3
Net Income Growth	109.39%	0.11%	15.85%	-0.21%	-9.71%	1.06%
Shares Outstanding (Basic)	269	269	269	268	268	267
Shares Outstanding (Diluted)	269	269	270	270	270	270
Shares Change (YoY)	-0.07%	-0.07%	-0.07%	-0.15%	0.11%	0.30%
EPS (Basic)	6.12	2.94	2.94	2.54	2.54	2.83
EPS (Diluted)	6.10	2.93	2.92	2.52	2.52	2.80
EPS Growth	110.35%	0.34%	15.87%	-	-10.00%	0.72%
Free Cash Flow	680.4	740.4	647	973.4	389.5	550.3
Free Cash Flow Per Share	2.53	2.75	2.40	3.61	1.44	2.04
Dividend Per Share	1.830	1.800	1.680	1.560	1.480	1.360
Dividend Growth	7.02%	7.14%	7.69%	5.41%	8.82%	9.68%
Gross Margin	38.18%	37.93%	38.54%	37.56%	35.82%	39.66%
Operating Margin	16.05%	16.06%	16.04%	15.53%	14.60%	17.54%
Profit Margin	23.12%	11.54%	11.73%	10.22%	10.74%	11.96%
Free Cash Flow Margin	9.57%	10.82%	9.62%	14.61%	6.13%	8.71%
EBITDA	1,357	1,306	1,265	1,214	1,103	1,282
EBITDA Margin	19.10%	19.09%	18.82%	18.21%	17.36%	20.29%
D&A For EBITDA	216.2	207	186.9	178.6	175.5	173.7
EBIT	1,141	1,099	1,078	1,035	927	1,108
EBIT Margin	16.05%	16.06%	16.04%	15.53%	14.60%	17.54%
Effective Tax Rate	10.96%	19.87%	18.92%	20.41%	19.82%	20.33%
Advertising Expenses	-	225.1	218.8	198.1	187.2	182.6

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q