MKC Financials McCormick

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 28 h ago 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

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	FCF	Total debt	Cash
2025	$6.8B	$789M	37.9%	15.7%	$740M	$4.0B	$96M
2024	$6.7B	$789M	38.5%	15.8%	$647M	$4.3B	$186M
2023	$6.7B	$681M	37.6%	14.5%	$973M	$4.4B	$167M
2022	$6.4B	$682M	35.8%	13.6%	$390M	$5.1B	$334M
2021	$6.3B	$755M	39.5%	16.1%	$550M	$5.3B	$352M
2020	$5.6B	$747M	41.1%	17.8%	—	$4.9B	$424M
2019	$5.3B	$703M	40.1%	17.9%	—	$4.3B	$155M
2018	$5.3B	$933M	39.5%	16.8%	—	$4.7B	$97M
2017	$4.7B	$477M	37.9%	14.8%	—	$5.0B	$187M
2016	$4.4B	$472M	41.5%	14.5%	—	$1.4B	$118M
2015	—	$402M	—	—	—	$1.4B	$113M
2014	—	$438M	—	—	—	$1.3B	$77M
2013	—	$389M	—	—	—	$1.2B	$63M
2012	—	$408M	—	—	—	$1.2B	$79M
2011	—	$374M	—	—	—	$1.3B	$54M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
May '26	$1.9B	$150M	40.2%	14.3%	$337M	$4.9B	$331M
Feb '26	$1.9B	$1.0B	37.8%	12.1%	$18M	$4.9B	$178M
Nov '25	$1.9B	$227M	38.9%	16.8%	—	$4.0B	$96M
Aug '25	$1.7B	$226M	37.4%	16.7%	$206M	$4.4B	$95M
May '25	$1.7B	$175M	37.5%	14.8%	-$2M	$4.5B	$124M
Feb '25	$1.6B	$162M	37.6%	14.0%	$78M	$4.3B	$103M
Nov '24	$1.8B	$215M	40.2%	17.0%	—	$4.3B	$186M
Aug '24	$1.7B	$223M	38.7%	17.1%	$103M	$4.6B	$201M
May '24	$1.6B	$184M	37.7%	14.2%	$95M	$4.5B	$166M
Feb '24	$1.6B	$166M	37.4%	14.6%	$76M	$4.5B	$178M
Nov '23	$1.8B	$219M	40.0%	17.0%	—	$4.4B	$167M
Aug '23	$1.7B	$170M	37.0%	14.5%	$197M	$4.8B	$155M
May '23	$1.7B	$152M	37.1%	13.4%	$234M	$4.9B	$127M
Feb '23	$1.6B	$139M	36.0%	12.7%	$42M	$5.2B	$357M
Nov '22	$1.7B	$186M	36.8%	15.6%	$306M	$5.1B	$334M
Aug '22	$1.6B	$223M	35.5%	14.7%	$31M	$5.4B	$344M
May '22	$1.5B	$119M	34.0%	10.2%	$79M	$5.4B	$326M
Feb '22	$1.5B	$155M	36.8%	13.6%	-$26M	$5.4B	$338M
Nov '21	$1.7B	$197M	40.6%	16.0%	$367M	$5.3B	$352M
Aug '21	$1.5B	$212M	38.7%	17.1%	$67M	$5.5B	$313M

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 16.5× (Jun '26).
The price-to-sales ratio has fallen from 3.5× (Mar '23) to 1.9× (Jun '26).
The dividend yield has risen from 1.8% (Mar '23) to 3.7% (Jun '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?

As of Jun '26, McCormick traded at a price-to-earnings ratio of about 16.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.