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McCormick & Company, Incorporated(MKC-V)Earnings, Financials & Key Ratios
MKC-V•NYSE
$52.23
17.8× P/E·Price updated Jul 7, 2026
AboutMcCormick & Company, Incorporated manufactures, markets, and distributes 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 and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising 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 and 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.Show more
- Revenue$6.84B+1.7%
- EBITDA$1.32B+4.3%
- Net Income$789M+0.1%
- EPS (Diluted)2.93+0.3%
- Gross Margin37.9%-1.7%
- EBITDA Margin19.34%+2.5%
- Operating Margin15.96%+1.2%
- Net Margin11.54%-1.6%
- ROE14.24%-6.1%
MKC-V Price & Volume
McCormick & Company, Incorporated (MKC-V) stock price & volume — 10-year historical chart
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Stagnant Organic Growth Challenges Premium Valuation Multiples
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Commodity Input Cost Volatility
Key Thesis Takeaways
- McCormick & Company faces a complex outlook as its reliance on debt-funded acquisitions, evidenced by $6.3 billion in goodwill, struggles to offset stalling organic volume growth.
- While the firm maintains a 40.2% gross margin, the inability to scale operating income proportionally suggests that rising SG&A costs are eroding the benefits of its premium pricing strategy.
- Investors should remain cautious given the erratic cash conversion, highlighted by an OCF/NI ratio that swung from 0.05 to 2.53 in recent quarters, indicating significant underlying earnings volatility.
Verdict Logic
while the 3.5% dividend yield provides some income support, the combination of a 17.37 P/E ratio and significant goodwill concentration at $6.3 billion warrants a wait-and-see approach until organic volume growth stabilizes.
MKC-V Growth Metrics
McCormick & Company, Incorporated (MKC-V) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.76%
5 Years4.08%
3 Years2.51%
TTM9.54%
Profit CAGR
10 Years6.99%
5 Years1.1%
3 Years5%
TTM109.45%
EPS CAGR
10 Years6.51%
5 Years1.06%
3 Years5.15%
TTM108.68%
Return on Capital
10 Years11.67%
5 Years10.21%
3 Years10.42%
Last Year10.74%
MKC-V Recent Earnings
McCormick & Company, Incorporated (MKC-V) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q3 2026Latest
Jun 25, 2026Metric
Actual
Est
EPS
$0.80+15.6%
$0.69
Rev
$1.9B+1.2%
$1.9B
Q2 2026
Mar 31, 2026Metric
Actual
Est
EPS
$0.66+11.1%
$0.59
Rev
$1.9B+4.9%
$1.8B
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$0.86-1.8%
$0.88
Rev
$1.9B+0.3%
$1.8B
Q4 2025
Oct 7, 2025Metric
Actual
Est
EPS
$0.84+1.0%
$0.83
Rev
$1.7B+0.6%
$1.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 25, 2026 | $0.80vs $0.69+15.6% | $1.9Bvs $1.9B+1.2% |
| Q2 2026 | Mar 31, 2026 | $0.66vs $0.59+11.1% | $1.9Bvs $1.8B+4.9% |
| Q1 2026 | Jan 22, 2026 | $0.86vs $0.88-1.8% | $1.9Bvs $1.8B+0.3% |
| Q4 2025 | Oct 7, 2025 | $0.84vs $0.83+1.0% | $1.7Bvs $1.7B+0.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for McCormick & Company, Incorporated (MKC-V)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $52.23 | $14.04B | 17.83 | 1.73% | 11.54% | 14.24% | 3.43% | |
| $113.24 | $12.08B | -87.11 | 3.72% | -1.53% | -2.44% | — | |
| $98.95 | $23.44B | 32.76 | 1.57% | 11.81% | 17.45% | — | |
| $24.70 | $13.59B | 28.39 | 1.55% | 3.82% | 5.85% | — | |
| $22.90 | $6.83B | 11.39 | 6.4% | 6.12% | 15.3% | — | |
| $14.04 | $6.71B | 5.82 | -3.64% | -0.39% | -0.51% | — |
Compare MKC-V vs Peers
McCormick & Company, Incorporated (MKC-V) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MKC-V SEC Filings & Documents
McCormick & Company, Incorporated (MKC-V) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MKC-V Frequently Asked Questions
McCormick & Company, Incorporated (MKC-V) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is McCormick & Company, Incorporated's revenue?
McCormick & Company, Incorporated (MKC-V) reported $7.39B in revenue for fiscal year 2025. This represents a 326% increase from $1.73B in 1996.
How fast is McCormick & Company, Incorporated growing?
McCormick & Company, Incorporated (MKC-V) grew revenue by 1.7% over the past year. Growth has been modest.
Is MKC-V profitable?
Yes, McCormick & Company, Incorporated (MKC-V) is profitable, generating $1.62B in net income for fiscal year 2025 (11.5% net margin).
Dividend & Returns
Does MKC-V pay dividends?
Yes, McCormick & Company, Incorporated (MKC-V) pays a dividend with a yield of 3.43%. This makes it attractive for income-focused investors.
What is MKC-V's return on equity?
McCormick & Company, Incorporated (MKC-V) has a return on equity (ROE) of 14.2%. This is reasonable for most industries.
What is McCormick & Company, Incorporated's free cash flow?
McCormick & Company, Incorporated (MKC-V) generated $1.23B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.