15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 4.1% per year over the past 5 years.
Net income has grown slower than revenue (1.1% vs 4.1% per year).
Operating margin has contracted, at 15.7% in the latest year.
Free cash flow has grown 7.7% per year over the past 5 years.
Financial health
Total debt ($4.0B) exceeds cash ($96M); net debt is $3.9B.
Total debt has grown slower than revenue (-4.0% vs 4.1% per year).
Operating income covered interest expense 5.5× in the latest year, down from 7.4× 5 years ago.
Total debt is 3.1× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 61.2% of earnings and 65.2% of free cash flow.
The dividend has grown 7.9% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$6.8B
$789M
37.9%
15.7%
13.8%
6.0%
$740M
$4.0B
$96M
2024
$6.7B
$789M
38.5%
15.8%
14.9%
6.0%
$647M
$4.3B
$186M
2023
$6.7B
$681M
37.6%
14.5%
13.4%
5.3%
$973M
$4.4B
$167M
2022
$6.4B
$682M
35.8%
13.6%
14.6%
5.2%
$390M
$5.1B
$334M
2021
$6.3B
$755M
39.5%
16.1%
17.1%
5.9%
$550M
$5.3B
$352M
2020
$5.6B
$747M
41.1%
17.8%
19.0%
6.2%
—
$4.9B
$424M
2019
$5.3B
$703M
40.1%
17.9%
20.4%
6.8%
—
$4.3B
$155M
2018
$5.3B
$933M
39.5%
16.8%
29.4%
9.1%
—
$4.7B
$97M
2017
$4.7B
$477M
37.9%
14.8%
—
4.6%
—
$5.0B
$187M
2016
$4.4B
$472M
41.5%
14.5%
—
10.2%
—
$1.4B
$118M
2015
—
$402M
—
—
—
9.0%
—
$1.4B
$113M
2014
—
$438M
—
—
—
10.0%
—
$1.3B
$77M
2013
—
$389M
—
—
—
8.7%
—
$1.2B
$63M
2012
—
$408M
—
—
—
9.8%
—
$1.2B
$79M
2011
—
$374M
—
—
—
9.2%
—
$1.3B
$54M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Aug '26
$2.0B
$98M
39.3%
10.7%
1.4%
0.6%
$112M
$5.0B
$331M
May '26
$1.9B
$150M
40.2%
14.3%
2.1%
0.9%
$337M
$4.9B
$331M
Feb '26
$1.9B
$1.0B
37.8%
12.1%
14.6%
6.2%
$18M
$4.9B
$178M
Nov '25
$1.9B
$227M
38.9%
16.8%
4.0%
1.7%
—
$4.0B
$96M
Aug '25
$1.7B
$226M
37.4%
16.7%
3.9%
1.7%
$206M
$4.4B
$95M
May '25
$1.7B
$175M
37.5%
14.8%
3.1%
1.3%
-$2M
$4.5B
$124M
Feb '25
$1.6B
$162M
37.6%
14.0%
3.0%
1.3%
$78M
$4.3B
$103M
Nov '24
$1.8B
$215M
40.2%
17.0%
4.1%
1.6%
—
$4.3B
$186M
Aug '24
$1.7B
$223M
38.7%
17.1%
4.1%
1.7%
$103M
$4.6B
$201M
May '24
$1.6B
$184M
37.7%
14.2%
3.5%
1.4%
$95M
$4.5B
$166M
Feb '24
$1.6B
$166M
37.4%
14.6%
3.2%
1.3%
$76M
$4.5B
$178M
Nov '23
$1.8B
$219M
40.0%
17.0%
4.3%
1.7%
—
$4.4B
$167M
Aug '23
$1.7B
$170M
37.0%
14.5%
3.4%
1.3%
$197M
$4.8B
$155M
May '23
$1.7B
$152M
37.1%
13.4%
3.1%
1.2%
$234M
$4.9B
$127M
Feb '23
$1.6B
$139M
36.0%
12.7%
2.9%
1.1%
$42M
$5.2B
$357M
Nov '22
$1.7B
$186M
36.8%
15.6%
4.0%
1.4%
$306M
$5.1B
$334M
Aug '22
$1.6B
$223M
35.5%
14.7%
4.9%
1.7%
$31M
$5.4B
$344M
May '22
$1.5B
$119M
34.0%
10.2%
2.6%
0.9%
$79M
$5.4B
$326M
Feb '22
$1.5B
$155M
36.8%
13.6%
3.4%
1.2%
-$26M
$5.4B
$338M
Nov '21
$1.7B
$197M
40.6%
16.0%
4.5%
1.5%
$367M
$5.3B
$352M
Valuation over time
How the market has priced MKC against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 32.8× (Mar '23) to 16.3× (Nov '26).
The price-to-sales ratio has fallen from 3.5× (Mar '23) to 1.9× (Nov '26).
The dividend yield has risen from 1.8% (Mar '23) to 3.7% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is MKC growing its revenue and profit?
Over the past 5 years, McCormick's revenue has grown 4.1% per year, and net income grown 1.1% per year. These are computed facts, not advice.
How much debt does MKC have?
As of FY2025, McCormick reported $4.0B of total debt against $96M of cash; operating income covered interest expense 5.5×.
What is MKC's profit margin?
In FY2025, gross margin was 37.9%, operating margin 15.7%, and net margin 11.5%.
What is MKC's P/E ratio?
McCormick's P/E (TTM) is 8.64 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MKC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 16.3× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.