MCCORMICK & CO INC MKC
Last close
52.08
2026-09-04
Market cap
$14.02B
estimated share count
52-week range
44.82 - 72.41
Valuation FY2025 figures against the last close
P/S2.0x
P/E17.8x
P/FCF18.9x
EV/EBITDA13.5x
Dividend yield3.4%
Diluted EPS2.93
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.84B | $6.72B | $6.66B | $6.35B | $6.32B | $5.60B | $5.35B | $5.30B | $4.73B | $4.41B |
| Cost of revenue | $4.25B | $4.13B | $4.16B | $4.08B | $3.82B | $3.30B | $3.20B | $3.21B | $2.94B | $2.58B |
| Gross profit | $2.59B | $2.59B | $2.50B | $2.27B | $2.49B | $2.30B | $2.15B | $2.09B | $1.79B | $1.83B |
| R&D | $106.1M | $102.9M | $94.9M | $87.5M | $87.3M | $68.6M | $67.3M | $69.4M | $66.1M | $61.0M |
| SG&A | $1.50B | $1.52B | $1.48B | $1.36B | $1.40B | $1.28B | $1.17B | $1.16B | $1.03B | $1.18B |
| Operating income | $1.07B | $1.06B | $963.0M | $863.6M | $1.02B | $999.5M | $957.7M | $891.1M | $699.8M | $641.0M |
| Interest expense | $196.2M | $209.4M | $208.2M | $149.1M | $136.6M | $135.6M | $165.2M | $174.6M | $95.7M | $56.0M |
| Pre-tax income | $913.0M | $898.3M | $798.7M | $812.8M | $895.8M | $881.5M | $819.2M | $741.3M | $594.8M | $589.2M |
| Income tax | $195.8M | $184.0M | $174.5M | $168.6M | $192.7M | $174.9M | $157.4M | $157.3M | $151.3M | $153.0M |
| Net income | $789.4M | $788.5M | $680.6M | $682.0M | $755.3M | $747.4M | $702.7M | $933.4M | $477.4M | $472.3M |
| EPS, basic | 2.94 | 2.94 | 2.54 | 2.54 | 2.83 | 2.80 | 2.65 | 3.55 | 3.77 | 3.73 |
| EPS, diluted | 2.93 | 2.92 | 2.52 | 2.52 | 2.80 | 2.78 | 2.62 | 3.50 | 3.72 | 3.69 |
| Shares, diluted (wtd. avg.) | $269.4M | $269.6M | $269.8M | $270.2M | $269.9M | $269.1M | $268.1M | $266.5M | $128.4M | $128.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $95.9M | $186.1M | $166.6M | $334.0M | $351.7M | $423.6M | $155.4M | $96.6M | $186.8M | $118.4M |
| Receivables | $628.9M | $587.4M | $587.5M | $573.7M | $549.5M | $528.5M | $502.9M | $518.1M | $555.1M | $465.2M |
| Inventory | $1.27B | $1.24B | $1.13B | $1.34B | $1.18B | $1.03B | $801.2M | $786.3M | $793.3M | $756.3M |
| Total current assets | $2.14B | $2.14B | $2.00B | $2.39B | $2.20B | $2.08B | $1.55B | $1.48B | $1.62B | $1.42B |
| Property, plant and equipment | $1.45B | $1.41B | $1.32B | $1.20B | $1.14B | $1.03B | $952.6M | $941.5M | $809.1M | $669.4M |
| Goodwill | $5.30B | $5.23B | $5.26B | $5.21B | $5.34B | $4.99B | $4.51B | $4.53B | $4.49B | $1.77B |
| Other intangibles | $3.29B | $3.32B | $3.36B | $3.39B | $3.45B | $3.24B | $2.85B | $2.87B | $3.07B | $424.9M |
| Total assets | $13.20B | $13.07B | $12.86B | $13.12B | $12.91B | $12.09B | $10.36B | $10.26B | $10.39B | $4.64B |
| Short-term debt | $509.1M | $265.2M | $799.3M | $270.6M | $770.3M | $263.9M | $97.7M | $83.5M | $325.6M | $2.9M |
| Total current liabilities | $3.06B | $2.88B | $3.10B | $3.43B | $3.22B | $3.05B | $2.15B | $2.00B | $1.95B | $1.42B |
| Long-term debt | $3.11B | $3.59B | $3.34B | $3.64B | $3.97B | $3.75B | $3.63B | $4.05B | $4.44B | $1.05B |
| Total liabilities | $7.43B | $7.75B | $7.78B | $8.43B | $8.48B | $8.15B | $6.91B | $7.07B | $7.81B | $3.00B |
| Retained earnings | $3.82B | $3.54B | $3.25B | $3.02B | $2.78B | $2.42B | $2.06B | $1.76B | $1.17B | $1.06B |
| Total equity | $5.74B | $5.29B | $5.08B | $4.70B | $4.43B | $3.94B | $3.46B | $3.18B | $2.57B | $1.64B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $962.2M | $921.9M | $1.24B | $651.5M | $828.3M | $1.04B | $946.8M | $821.2M | $815.3M | $658.1M |
| Depreciation and amortisation | $231.3M | $208.8M | $199.3M | $200.6M | $186.3M | $165.0M | $158.8M | $150.7M | $125.2M | $108.7M |
| Stock-based compensation | $46.2M | $47.4M | $63.4M | $60.3M | $66.6M | $46.0M | $37.2M | $25.6M | $23.9M | $25.6M |
| Capital expenditure | $221.8M | $274.9M | $263.9M | $262.0M | $278.0M | $225.3M | $173.7M | $169.1M | $182.4M | $153.8M |
| Investing cash flow | -$255.2M | -$269.0M | -$260.5M | -$146.4M | -$908.6M | -$1.03B | -$171.0M | -$158.5M | -$4.51B | -$267.1M |
| Financing cash flow | -$840.9M | -$583.1M | -$1.18B | -$487.2M | $22.0M | $220.9M | -$725.8M | -$751.1M | $3.76B | -$371.5M |
| Dividends paid | $483.0M | $451.0M | $418.5M | $396.7M | $363.3M | $330.1M | $302.2M | $273.4M | $237.6M | $217.8M |
| Buybacks | $34.8M | $53.1M | $35.7M | $38.8M | $8.6M | $47.3M | $95.1M | $62.3M | $137.8M | $242.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000063754-26-000037.
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