McCormick & Co Inc (MKC)
McCormick & Company, Incorporated manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments, sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; and McCormick and DaQiao brands in the Asia/Pacific (APAC), as well as desserts under the Aeroplane brand; and packaged chilled herbs under the Gourmet Garden brand. Its authentic regional brands include Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. The company also supplies its products under private labels. This segment serves retailers, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices, herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.
- Symbol
- MKC
- Exchange
- NYSE
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
- Market cap
- $12.03B
- 52 week range
- 43.25 - 72.41
Valuation
- Share price
- $44.67 (close of 2026-10-02)
- P/E (TTM)
- 8.05x
- Price to book
- 1.59x
- Price to free cash flow
- 12.99x
- Enterprise value
- $15.45B
- Book value per share
- $28.17
Price performance
| Period | Change |
|---|---|
| 1 day | +1.20% |
| 5 days | -6.82% |
| 1 month | -16.97% |
| 3 months | -16.43% |
| 6 months | -8.56% |
| Year to date | -34.41% |
| 1 year | -34.40% |
| 3 years | -40.22% |
| 5 years | -44.65% |
| 10 years | -10.59% |
| All time | +5094.19% |
Members of Congress who disclosed MKC trades
Julie Johnson · Ritchie Torres · Julia Letlow · Lisa McClain · Robert Bresnahan
Super investors holding MKC
Ken Griffin (Citadel) · Thomas Russo (Gardner Russo & Quinn LLC) · Ray Dalio (Bridgewater Associates)
Profitability and growth
- Return on equity
- 13.69%
- Return on invested capital
- 8.90%
- Return on assets
- 5.98%
- Return on capital employed
- 10.56%
- Gross margin
- 37.90%
- Net margin
- 11.54%
- EBITDA margin
- 19.04%
- Revenue growth
- 1.73%
- Net income growth
- 0.11%
- Free cash flow growth
- 14.44%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 7.70%
- Current ratio
- 0.66x
- Net debt to EBITDA
- 2.74x
Latest reported year
- Period end
- 2025-11-30
- Fiscal year
- 2025
- Revenue
- $6.84B
- Cost of revenue
- $4.25B
- Gross profit
- $2.59B
- EBITDA
- $1.30B
- Net income
- $789.40M
- Earnings per share
- $2.94
- Research and development
- $106.10M
- Interest expense
- $196.20M
- Shares outstanding
- 268.50M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-11-30 | $6.84B | $2.59B | $789.40M | $2.94 |
| 2024-11-30 | $6.72B | $2.59B | $788.50M | $2.94 |
| 2023-11-30 | $6.66B | $2.50B | $680.60M | $2.54 |
| 2022-11-30 | $6.35B | $2.27B | $682.00M | $2.54 |
| 2021-11-30 | $6.32B | $2.49B | $755.30M | $2.83 |
| 2020-11-30 | $5.60B | $2.30B | $747.40M | $2.80 |
| 2019-11-30 | $5.35B | $2.15B | $702.70M | $2.65 |
| 2018-11-30 | $5.30B | $2.09B | $933.40M | $3.55 |
| 2017-11-30 | $4.73B | $1.79B | $477.40M | $1.89 |
| 2016-11-30 | $4.41B | $1.83B | $472.30M | $1.86 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-11-30 | 37.90% | 11.54% | 13.69% | 8.90% |
| 2024-11-30 | 38.54% | 11.73% | 14.83% | 9.09% |
| 2023-11-30 | 37.56% | 10.22% | 13.39% | 8.29% |
| 2022-11-30 | 35.82% | 10.74% | 14.51% | 7.17% |
| 2021-11-30 | 39.48% | 11.95% | 17.07% | 9.05% |
| 2020-11-30 | 41.07% | 13.34% | 18.97% | 10.56% |
| 2019-11-30 | 40.12% | 13.14% | 20.33% | 11.17% |
| 2018-11-30 | 39.48% | 17.60% | 29.33% | 12.34% |
| 2017-11-30 | 37.93% | 10.09% | 18.57% | 7.67% |
| 2016-11-30 | 41.52% | 10.71% | 28.83% | 18.94% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-11-30 | $95.90M | $3.11B |
| 2024-11-30 | $186.10M | $3.59B |
| 2023-11-30 | $166.60M | $3.34B |
| 2022-11-30 | $334.00M | $3.64B |
| 2021-11-30 | $351.70M | $3.97B |
| 2020-11-30 | $423.60M | $3.75B |
| 2019-11-30 | $155.40M | $3.63B |
| 2018-11-30 | $96.60M | $4.05B |
| 2017-11-30 | $186.80M | $4.44B |
| 2016-11-30 | $118.40M | $1.05B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-11-30 | $740.40M | $46.20M |
| 2024-11-30 | $647.00M | $47.40M |
| 2023-11-30 | $973.40M | $63.40M |
| 2022-11-30 | $389.50M | $60.30M |
| 2021-11-30 | $550.30M | $66.60M |
| 2020-11-30 | $816.00M | $46.00M |
| 2019-11-30 | $773.10M | $37.20M |
| 2018-11-30 | $652.10M | $25.60M |
| 2017-11-30 | $632.90M | $23.90M |
| 2016-11-30 | $504.30M | $25.60M |
Dividend history
- Most recent payment
- 2026-07-06
- Paid in the last twelve months
- $1.89
| Payment date | Dividend per share |
|---|---|
| 2026-07-06 | $0.48 |
| 2026-04-20 | $0.48 |
| 2025-12-29 | $0.48 |
| 2025-10-14 | $0.45 |
| 2025-07-07 | $0.45 |
| 2025-04-07 | $0.45 |
| 2024-12-30 | $0.45 |
| 2024-10-07 | $0.42 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-10-01 | Aug/2026 | $0.75 |
| 2026-06-25 | May/2026 | $0.69 |
| 2026-03-31 | Feb/2026 | $0.61 |
| 2026-01-22 | Nov/2025 | $0.87 |
| 2025-10-07 | Aug/2025 | $0.81 |
| 2025-06-26 | May/2025 | $0.65 |
| 2025-03-25 | Feb/2025 | $0.64 |
| 2025-01-23 | Nov/2024 | $0.77 |
Filings and sources
- Company website
- mccormickcorporation.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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