— Know what they know.
/
Not Investment Advice

MKC

NYSE · USD
McCormick & Company, Incorporated
Consumer Defensive · Packaged Foods
CEO Brendan Foley Employees 14,100 R&D / revenue 0.0%
Last price
$46.35+1.40%last session
Market cap
$12.5B
P/E (TTM)
8.4x
From 52w high
−36.0%
From 52w low
+7.2%
1-year return
−27.9%
RSI 14 · vs SMA200
46.3 · −13.0%
IS score
58.9/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

MKC   SPY   XLP (sector ETF) · weekly closes
708090100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLP 111MKC 72

Score DNA

Each bar is a 0-100 score within the scored universe
51
Profitability
69
Growth
76
Value
77
Momentum
50
Risk (safety)
64
Quality
43
Balance sheet
71
Earnings quality

Flags

Strengths
✓ FCF yield 5%+✓ Insider buying
Warnings
▲ Share count rising
Observations
Moat model: None, Efficient ScalePiotroski 6 / 9Altman Z 1.9Beta 0.633 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
2
$0.10M bought
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−5
144 new holders, 139 closed
954 filers hold 89.7% · 338 added, 348 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+126
935 funds adding shares
809 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
42.8%
20-day avg 60.9%, 50-day avg 65.5%
Latest 18.1 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$6.8B
Revenue growth YoY+1.7%
Gross margin37.9%
Operating income$1.1B
Operating margin16.0%
Net income$789.4M
Net margin11.5%
EPS (diluted)$2.93
Cash flow
Operating cash flow$962.2M
Capital expenditure$221.8M
Free cash flow$740.4M
FCF conversion (FCF / OCF)76.9%
Stock-based compensation$46.2M
FCF less SBC$694.2M
Buybacks$34.8M
Dividends$483.0M
Balance sheet & returns
Cash & short-term investments$95.9M
Total debt$4.0B
Net debt$3.9B
Shareholders' equity$5.8B
Goodwill & intangibles$8.6B
Debt / equity0.61
ROE (TTM)22.3%
ROIC (TTM)5.7%
Operating margin by fiscal year
16.1%FY202113.6%FY202214.5%FY202315.8%FY202415.7%FY2025
Revenue $6.3B (FY2021) to $6.8B (FY2025), a 2.0% CAGR.

Valuation

P/E (TTM)8.4x
EV / EBITDA12.3x
Price / sales1.62x
Price / FCF13.5x
FCF yield7.42%
Buyback yield0.28%
SBC / revenue0.6%
Price / book1.78x
Forward P/E FY202615.0x
Forward P/E FY202714.4x
Forward P/E FY202813.3x
Forward multiples divide today's price by Street EPS estimates. Street mean target $53.50 across 6 analysts last quarter is theirs, not ours.

MKC vs industry median

245 companies in Packaged Foods
Gross margin 39.1% 27.9% Operating margin 13.8% 4.6% Net margin 19.4% 2.4% ROIC 5.7% 8.8%
MKC (TTM)Industry median Asset turnover 0.46 vs industry 0.94 · financial leverage 2.38

Earnings delivery

Next report 2027-01-28 · consensus EPS $0.77
83%
beat rate, 10 of 12 quarters
+7.9%
median EPS surprise
5
longest beat streak
+8+9+17+22+4-7+6+3-2+8+16+14
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2024-01-25 to 2026-10-01. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
MKC McCormick & Company, Incorpo $12.5B8.4x22.3%19.4%+1.7% −27.9%
SJM The J. M. Smucker Company $13.6B59.3x3.9%14.6%+5.1% +23.9%
HRL Hormel Foods Corporation $11.2B32.4x4.3%2.0%+0.7% −9.3%
DAR Darling Ingredients Inc. $9.7B16.3x12.1%22.5%+15.0% +93.6%
GIS General Mills, Inc. $17.7Bn/m-10.6%9.0%−4.5% −30.6%
LW Lamb Weston Holdings, Inc. $7.4B29.0x11.8%1.7%+0.9% —
SFD Smithfield Foods, Inc. $7.3B6.9x15.9%6.5%+104.3% —
PPC Pilgrim's Pride Corporation $7.0B12.8x14.6%0.3%+1.4% —
12-month window: SPY +15.9%, sector ETF XLP +11.4%. Past returns describe history only.

Recent 8-K filings

No 8-K filings on file.

Context

Shares outstanding269,064,480
Free float98.8%
Institutional ownership89.7%
Beta0.63
Dividend yield4.14%
Last dividend$0.48 on 2026-10-13
50 / 200-day average$50.59 / $54.45
Large-cap Consumer Defensive median P/E23.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where MKC sits among 31 scored companies in Packaged Foods (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureMKCIndustry medianIndustry percentileSector median
P/E (TTM) 8.4x 14.1x
9th		 20.0x
PEG (P/E ÷ 3-yr EPS CAGR) 0.26 0.74
20th		 1.14
Price / sales 1.6x 0.8x
93rd		 1.1x
Price / book 1.8x 1.7x
52nd		 2.5x
Price / tangible book —
Price / free cash flow 13.5x 9.3x
63rd		 14.7x
Price / operating cash flow 10.9x 6.9x
79th		 9.4x
Enterprise value $16.4B $3.3B
90th		 $5.1B
EV / sales 2.1x 1.0x
90th		 1.3x
EV / EBITDA 12.3x 9.3x
65th		 12.3x
EV / EBIT 15.5x 13.3x
62nd		 16.5x
EV / free cash flow 17.7x 15.9x
63rd		 18.2x
Earnings yield 12.0% 6.2%
93rd		 3.9%
FCF yield 7.4% 9.1%
43rd		 6.5%
Operating cash flow yield 9.1% 14.0%
23rd		 10.4%
Graham number (per share) $56.89 $42.65
70th		 $35.68

Profitability (TTM)

MeasureMKCIndustry medianIndustry percentileSector median
Gross margin 39.1% 26.9%
90th		 34.4%
EBITDA margin 17.3% 10.7%
87th		 10.7%
Operating margin 13.8% 7.7%
97th		 7.6%
EBIT margin 13.8% 7.8%
93rd		 6.9%
Net margin 19.4% 3.5%
100th		 3.3%
NOPAT margin 10.1% 4.9%
93rd		 4.8%
FCF margin 12.0% 8.2%
80th		 7.6%
Operating cash flow margin 14.8% 10.9%
80th		 11.1%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 22.6% 16.1%
80th		 21.1%
Stock comp / revenue 0.6% 0.5%
55th		 0.5%
Effective tax rate 26.7% 23.2%
80th		 23.2%

Returns on capital

MeasureMKCIndustry medianIndustry percentileSector median
ROE (on average equity) 23.4% 10.0%
100th		 10.4%
ROA 10.0% 4.5%
90th		 4.9%
ROIC 7.1% 7.1%
50th		 8.2%
ROCE 8.7% 8.3%
57th		 9.1%
Return on tangible assets 7.1% 7.2%
47th		 7.2%
Cash ROIC (OCF / invested capital) 10.4% 14.6%
30th		 15.0%
Gross profitability (GP / assets) 18.0% 21.2%
37th		 32.4%
ROIC, 3-yr average 6.1% 6.1%
54th		 6.4%
ROIC, 5-yr average 7.2% 7.3%
44th		 7.8%
ROE, 5-yr average 15.5% 9.7%
77th		 11.4%
Incremental ROIC 18.2% 34.8%
45th		 12.8%

Growth

MeasureMKCIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 13.2% 5.1%
83rd		 3.8%
Revenue growth (QoQ) 4.6% 2.1%
80th		 4.3%
Revenue CAGR, 3 yr 5.2% 2.6%
62nd		 3.8%
Revenue CAGR, 5 yr 4.6% 5.1%
48th		 5.1%
Gross profit CAGR, 3 yr 7.4% 2.4%
66th		 4.0%
Operating income CAGR, 3 yr 4.5% 4.7%
48th		 4.3%
Net income growth (TTM YoY) 91.6% 3.8%
76th		 5.6%
Net income CAGR, 3 yr 32.1% 2.4%
84th		 5.4%
EPS growth (TTM YoY) 91.5% 3.9%
76th		 4.7%
EPS CAGR, 3 yr 32.2% 4.3%
84th		 6.8%
EPS CAGR, 5 yr 14.5% 3.9%
79th		 4.1%
FCF growth (TTM YoY) 16.7% 10.7%
57th		 23.4%
FCF CAGR, 3 yr 5.9% 16.5%
29th		 14.6%
Operating cash flow CAGR, 3 yr 2.4% 12.1%
25th		 6.4%
Book value CAGR, 3 yr 11.6% 1.3%
77th		 5.3%
Dividend CAGR, 3 yr 2.3% 1.4%
75th		 1.7%
Sustainable growth rate 15.4% 8.3%
85th		 8.3%

Margin history & stability

MeasureMKCIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 38.6% 29.4%
90th		 34.7%
Operating margin, 3-yr average 15.1% 7.3%
97th		 6.7%
Net margin, 3-yr average 14.2% 4.7%
100th		 4.2%
FCF margin, 3-yr average 11.8% 6.7%
93rd		 6.5%
Revenue stability (0-1) 0.81 0.75
55th		 0.81
Earnings stability (0-1) 0.48 0.36
59th		 0.34
Margin stability (0-1) 0.97 0.94
90th		 0.95

Liquidity (latest quarter)

MeasureMKCIndustry medianIndustry percentileSector median
Cash & short-term investments $331.1M $161.5M
60th		 $279.3M
Net cash (− = net debt) −$3.9B −$971.9M
23rd		 −$1.0B
Working capital −$1.5B $294.4M
3rd		 $285.9M
Current ratio 0.66 1.85
3rd		 1.43
Quick ratio 0.66 0.88
27th		 0.86
Cash ratio (cash + ST investments / current liabilities) 0.07 0.25
13th		 0.28
Defensive interval (days) 219 days 251 days
33rd		 251 days

Leverage & solvency (latest quarter)

MeasureMKCIndustry medianIndustry percentileSector median
Total debt $4.2B $1.4B
80th		 $1.8B
Debt / equity 0.61 0.70
48th		 0.75
Net debt / equity 0.56 0.37
56th		 0.55
Debt / assets 25.5% 30.4%
37th		 31.6%
Debt / capital 37.7% 41.0%
48th		 43.0%
Debt / EBITDA 3.19 3.27
46th		 2.69
Net debt / EBITDA 2.94 2.28
58th		 2.14
Interest coverage (EBIT / interest) 4.7x 4.7x
53rd		 4.7x
Cash interest coverage 5.1x 6.8x
37th		 8.2x
Debt payback (years of OCF) 3.7 yrs 3.6 yrs
59th		 2.8 yrs
Liabilities / assets 54.4% 53.9%
57th		 56.2%
IS credit model rating BB+ — —
Implied credit spread (bps) 400 225
57th		 225

Efficiency

MeasureMKCIndustry medianIndustry percentileSector median
Asset turnover 0.51 0.91
3rd		 0.94
Fixed asset turnover 5.00 3.90
62nd		 4.44
Inventory turnover 7.1 5.8
63rd		 6.0
Receivables turnover 10.2 13.8
33rd		 12.1
Days sales outstanding 36 days 27 days
67th		 30 days
Days inventory outstanding 52 days 63 days
37th		 61 days
Days payables outstanding 104 days 32 days
97th		 38 days
Cash conversion cycle (days) −17 days 48 days
0th		 37 days
Capex / revenue 2.8% 2.8%
40th		 3.1%
Capex / depreciation 0.79 0.80
47th		 0.92
Operating expense ratio 28.5% 19.4%
77th		 24.8%

Cash flow & earnings quality

MeasureMKCIndustry medianIndustry percentileSector median
Operating cash flow / net income 0.77 2.35
0th		 1.87
FCF / net income 0.62 1.87
14th		 1.28
FCF / operating cash flow 81.2% 74.0%
66th		 71.9%
Capex / operating cash flow 18.8% 26.0%
34th		 29.5%
Accruals ratio 2.3% -7.2%
100th		 -6.1%
Sloan accruals ratio -6.0% -2.7%
27th		 -3.9%
Earnings quality score (0-1) 0.50 0.75
0th		 0.75

Dividends & buybacks

MeasureMKCIndustry medianIndustry percentileSector median
Dividend yield 4.1% 0.0%
73rd		 1.8%
Dividend per share (TTM) $1.92 $0.00
80th		 $0.64
Payout ratio (dividends / net income) 34.1% 34.1%
50th		 32.1%
Dividends / FCF 54.8% 37.4%
67th		 27.4%
Dividend growth (YoY) 6.9% 1.6%
88th		 1.8%
Buyback yield 0.2% 0.4%
40th		 0.9%
Shareholder yield (dividends + buybacks) 4.3% 4.3%
50th		 3.6%
Share count change (YoY) 0.0% 0.0%
50th		 -0.2%
Buybacks, last 5 years $52.3M $53.4M
47th		 $184.1M

Scores & forensic checks

MeasureMKCIndustry medianIndustry percentileSector median
IS score 59 49
73rd		 53
IS profitability 51 27
93rd		 32
IS growth 69 51
80th		 50
IS value 76 59
83rd		 49
IS momentum 77 71
60th		 73
IS risk (safety) 50 65
30th		 80
IS quality 64 61
57th		 65
IS balance sheet 43 43
50th		 53
IS earnings quality 71 73
37th		 76
IS cash flow 52 52
50th		 57
Piotroski F-score (0-9) 6 5
53rd		 6
Altman Z-score 1.9 2.6
33rd		 3.2
Beneish M-score −2.14 −2.77
87th		 −2.71
Ohlson O-score −7.98 −7.98
50th		 −7.61
IS credit score 49 61
43rd		 64

Per share

MeasureMKCIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $5.53 $1.57
83rd		 $2.03
Book value per share $26.00 $15.77
60th		 $16.28
Tangible book per share −$13.65 $3.64
13th		 $3.52
Revenue per share $28.53 $36.47
37th		 $41.08
FCF per share $3.44 $3.02
60th		 $3.18
Operating cash flow per share $4.23 $3.90
53rd		 $4.93
Cash per share $1.23 $1.42
40th		 $2.81

Size (TTM)

MeasureMKCIndustry medianIndustry percentileSector median
Market cap $12.5B $2.3B
90th		 $4.0B
Revenue $7.7B $3.1B
70th		 $5.2B
EBITDA $1.3B $324.9M
80th		 $426.9M
Net income $1.5B $164.2M
100th		 $167.0M
Free cash flow $925.9M $315.9M
90th		 $345.6M
Total assets $16.7B $3.8B
90th		 $4.8B
Shareholders' equity $7.0B $1.4B
87th		 $1.6B
Employees 14,100 7,010
77th		 9,700

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-08Foley Brendan M
Director, Chairman, President & CEO
 Award / grant 55——14,643
2026-10-02Hattersley Gavin
Director
 Open-market buy 1,000$44.61$44,6103,906
2026-09-23Foley Brendan M
Director, Chairman, President & CEO
 Award / grant 51——14,589
2026-09-08Piper Sarah
Chief Human Relations Officer
 Award / grant 49——4,986
2026-09-08Foley Brendan M
Director, Chairman, President & CEO
 Award / grant 48——14,538
2026-09-02Tapiero Jacques
Director
 Award / grant 186——2,815
2026-08-24Piper Sarah
Chief Human Relations Officer
 Award / grant 45——4,937
2026-08-24Foley Brendan M
Director, Chairman, President & CEO
 Award / grant 45——14,489
2026-08-10Kurzius Lawrence Erik
10 percent owner
 Option exercise 205,538$49.02$10.1M502,530
2026-08-10Kurzius Lawrence Erik
10 percent owner
 Open-market sale 205,538$52.69$10.8M296,992
2026-08-10Kurzius Lawrence Erik
10 percent owner
 Option exercise 205,538$49.02$10.1M0
2026-08-10Piper Sarah
Chief Human Relations Officer
 Award / grant 48——4,849

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired272,085$25,043
Open-market buyAcquired22,100$99,837
Open-market saleDisposed1205,538$10.8M
Option exerciseDisposed1205,538$10.1M
Option exerciseAcquired1205,538$10.1M
OtherAcquired221,440$25,897
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 2 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-02-02Julia LetlowHouseSale$1,001 - $15,0002026-03-13
2026-02-02Julia LetlowHouseSale$1,001 - $15,0002026-03-13
2025-09-25Julie JohnsonHouseSale$1,001 - $15,0002025-10-08
2025-09-24Julie JohnsonHouseSale (Full)$1,001 - $15,0002025-10-08
2019-01-10Angus KingSenateSale (Partial)$1,001 - $15,0002019-02-26
2019-01-10Angus KingSenateSale (Partial)$1,001 - $15,0002019-02-25
2019-01-10Angus Stanley KingSenateSale (Partial)$1,001 - $15,0002019-02-25
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.20,948,941$1.1B7.79%
VANGUARD CAPITAL MANAGEMENT LLC16,607,445$837.3M6.17%
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO16,522,728$833.1M6.14%
STATE STREET CORP15,326,182$772.7M5.70%
VANGUARD PORTFOLIO MANAGEMENT LLC13,850,739$698.4M5.15%
Aristotle Capital Management, LLC11,388,915$574.2M4.23%
Sanders Capital, LLC8,107,755$408.8M3.01%
GEODE CAPITAL MANAGEMENT, LLC6,812,505$342.1M2.53%
Invesco Ltd.4,904,327$247.3M1.82%
DIMENSIONAL FUND ADVISORS LP4,284,734$216.1M1.59%
MORGAN STANLEY3,459,028$174.4M1.29%
VAN ECK ASSOCIATES CORP3,193,567$161.0M1.19%
ProShare Advisors LLC3,139,936$158.3M1.17%
GOLDMAN SACHS GROUP INC3,015,957$152.1M1.12%
NORTHERN TRUST CORP2,843,149$143.4M1.06%

Institutional ownership by quarter

2023-092026-0689.7%
% of shares held by 13F filers
2023-092026-06954
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3095489.7%144338348139
2026-03-3195985.4%136335342147
2025-12-3199186.3%13028643491
2025-09-3097383.6%73330402120
2025-06-301,03481.7%10436739699
2025-03-311,03982.4%11839037988
2024-12-311,02781.0%12535937195
2024-09-301,01479.9%12935435753
2024-06-3094879.7%9432836781
2024-03-3195080.8%9835034794
2023-12-3195880.1%13132836994
2023-09-3093679.2%82298366101

Schedule 13D / 13G filers

FiledFormFiler% of classShares
None on file.
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$375.3M
VTSAX0.02%$375.3M
VTI0.02%$375.3M
VSMPX0.02%$375.3M
VWNAX0.56%$366.5M
VWNFX0.56%$366.5M

Share structure

Shares outstanding269,064,480
Float265,706,554
Free float98.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$6.3B$6.4B$6.7B$6.7B$6.8B
Cost of revenue$3.8B$4.1B$4.2B$4.1B$4.2B
Gross profit$2.5B$2.3B$2.5B$2.6B$2.6B
R&D$0$0$0$0$0
SG&A$1.4B$1.4B$1.5B$1.5B$1.5B
Operating income$1.0B$863.6M$963.0M$1.1B$1.1B
EBITDA$1.2B$1.2B$1.2B$1.3B$1.3B
Pretax income$948.0M$850.6M$855.1M$972.5M$985.2M
Income tax$192.7M$168.6M$174.5M$184.0M$195.8M
Net income$755.3M$682.0M$680.6M$788.5M$789.4M
EPS, diluted$2.80$2.52$2.52$2.92$2.93
Diluted shares269.9M270.2M269.8M269.6M269.3M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$351.7M$334.0M$166.6M$186.1M$95.9M
Receivables$549.5M$573.7M$587.5M$587.4M$628.9M
Inventory$1.2B$1.3B$1.1B$1.2B$1.3B
Total current assets$2.2B$2.4B$2.0B$2.1B$2.1B
PP&E, net$1.3B$1.4B$1.5B$1.6B$1.4B
Goodwill & intangibles$8.9B$8.8B$8.8B$8.7B$8.6B
Total assets$12.9B$13.1B$12.9B$13.1B$13.2B
Accounts payable$1.1B$1.2B$1.1B$1.2B$1.3B
Total current liabilities$3.2B$3.4B$3.1B$2.9B$3.1B
Long-term debt$4.0B$3.6B$3.3B$3.6B$3.1B
Total liabilities$8.5B$8.4B$7.8B$7.8B$7.4B
Shareholders' equity$4.4B$4.7B$5.1B$5.3B$5.8B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$755.3M$682.0M$680.6M$788.5M$789.4M
Depreciation & amortization$186.3M$200.6M$199.3M$208.8M$231.3M
Stock-based compensation$66.6M$60.3M$63.4M$47.4M$46.2M
Change in working capital−$222.8M−$255.7M$269.3M−$83.0M−$83.7M
Operating cash flow$828.3M$651.5M$1.2B$921.9M$962.2M
Capital expenditure−$278.0M−$262.0M−$263.9M−$274.9M−$221.8M
Free cash flow$550.3M$389.5M$973.4M$647.0M$740.4M
Investing cash flow−$908.6M−$146.4M−$260.5M−$269.0M−$255.2M
Net debt issued / repaid$397.7M−$73.7M−$736.3M−$94.5M−$366.6M
Buybacks−$8.6M−$38.8M−$35.7M−$53.1M−$34.8M
Dividends paid−$363.3M−$396.7M−$418.5M−$451.0M−$483.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin39.5%35.8%37.6%38.5%37.9%
Operating margin16.1%13.6%14.5%15.8%15.7%
Net margin12.0%10.7%10.2%11.7%11.5%
FCF margin8.7%6.1%14.6%9.6%12.8%
ROE18.1%15.0%14.0%15.2%14.3%
ROIC8.6%7.2%8.1%8.9%8.9%
ROA6.0%5.2%5.2%6.1%6.0%
Debt / equity1.221.140.910.850.70
Interest coverage7.4x6.5x4.8x5.3x5.7x
Current ratio0.680.700.650.740.70
Revenue growth+12.8%+0.5%+4.9%+0.9%+1.7%
EPS growth+0.9%−9.8%+0.0%+15.8%+0.3%
P/E at year end28.2x31.5x24.5x26.2x23.0x
EV / EBITDA at year end21.6x22.8x17.5x19.0x16.5x
FCF yield at year end2.58%1.81%5.84%3.14%4.83%
Dividend payout48.1%58.2%61.5%57.2%61.2%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Consumer$3.9B$3.8B$3.8B$3.8B$4.0B
Flavor Solutions$2.4B$2.6B$2.9B$2.9B$2.9B

Revenue by region · FY2025

Americas$4.9B · 71%
Europe Middle East And Africa$1.3B · 19%
Asia Pacific$704.0M · 10%

Street estimates by fiscal year

Next report 2027-01-28 · consensus EPS $0.77 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$7.9B$7.8B – $8.0B$3.09$3.08 – $3.11715.0x
2027$8.2B$8.1B – $8.2B$3.21$3.12 – $3.32714.4x
2028$8.4B$8.3B – $8.7B$3.48$3.34 – $3.74613.3x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-10-01$0.76$0.86+13.9%$2.0B$2.0B+2.5%
2026-06-25$0.69$0.80+15.6%$1.9B$1.9B+1.2%
2026-03-31$0.61$0.66+8.2%$1.8B$1.9B+4.9%
2026-01-22$0.88$0.86−1.8%$1.8B$1.9B+0.3%
2025-10-07$0.83$0.85+2.5%$1.7B$1.7B+0.6%
2025-06-26$0.65$0.69+6.2%$1.7B$1.7B+0.1%
2025-03-25$0.64$0.60−6.7%$1.6B$1.6B−0.4%
2025-01-23$0.77$0.80+3.9%$1.8B$1.8B+1.4%
2024-10-01$0.68$0.83+22.1%$1.7B$1.7B+0.7%
2024-06-27$0.59$0.69+16.9%$1.6B$1.6B+0.9%
2024-03-26$0.58$0.63+8.6%$1.5B$1.6B+3.4%
2024-01-25$0.79$0.85+7.6%$1.8B$1.8B−2.3%
2023-10-03$0.65$0.650.0%$1.8B$1.7B−7.0%
2023-03-28$0.51$0.59+15.7%$1.5B$1.6B+1.5%
2023-01-26$0.86$0.73−15.1%$1.8B$1.7B−4.0%
2022-10-06$0.76$0.69−9.2%$1.6B$1.6B−0.2%
2022-03-29$0.62$0.63+1.6%$1.5B$1.5B+3.7%
2022-01-27$0.80$0.84+5.0%$1.5B$1.7B+17.8%
2021-09-30$0.72$0.80+11.1%$1.5B$1.5B+1.1%
2021-07-01$0.62$0.69+11.3%$1.5B$1.6B+6.1%
2021-03-30$0.59$0.72+22.0%$1.4B$1.5B+7.8%
2021-01-28$0.81$0.79−2.5%$1.6B$1.6B−2.4%
2020-06-25$0.58$0.74+27.6%$1.1B$1.4B+26.7%
2020-03-31$0.52$0.54+3.8%$1.2B$1.2B+4.9%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.506-220.306-290.207-060.307-130.207-200.307-270.108-030.108-100.208-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$178.8M3,341,26370,321
2026-08-24$178.5M3,249,97665,131
2026-08-17$238.6M4,301,19689,561
2026-08-10$148.5M2,772,62369,278
2026-08-03$145.7M2,799,61367,654
2026-07-27$324.2M6,314,303107,513

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1542.8%
DateShort shareShort volumeTotal volume
2026-10-1542.8%1,156,6512,701,770
2026-10-1447.1%926,5601,967,132
2026-10-1350.0%857,7601,714,227
2026-10-1247.8%779,2431,629,285
2026-10-0953.7%830,1521,544,785
2026-10-0844.5%659,0221,482,383
2026-10-0762.7%960,5051,532,799
2026-10-0669.7%1,327,9431,905,006
2026-10-0562.9%1,128,7791,795,270
2026-10-0271.1%1,652,8552,326,211
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-2.1Jan+1.9Feb+2.7Mar+1.0Apr+0.3May+1.2Jun+1.0Jul+0.5Aug-1.4Sep+0.4Oct+2.4Nov+1.8Dec
MonthAvg returnUp yearsYears
Jan−2.1%35%20
Feb+1.9%55%20
Mar+2.7%67%21
Apr+1.0%60%20
May+0.3%50%20
Jun+1.2%45%20
Jul+1.0%60%20
Aug+0.5%65%20
Sep−1.4%40%20
Oct+0.4%45%20
Nov+2.4%85%20
Dec+1.8%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1446.3
MFI49.2
ADX30.4
Stochastic %K / %D48.0 / 39.7
Williams %R-39.6
CCI6
TSI / signal-28.0 / -33.1
Chaikin money flow-0.09
ATR$1.35
Bollinger width13.9%
Volume vs 20-day avg1.45x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$46.07 (+0.6%)
SMA 50$49.98 (−7.3%)
SMA 200$53.26 (−13.0%)
EMA 21$46.43 (−0.2%)
EMA 50$48.38 (−4.2%)
EMA 200$53.13 (−12.8%)
Bollinger upper$49.27 (−5.9%)
Bollinger lower$42.87 (+8.1%)
Parabolic SAR$42.87 (+8.1%)
Open the live chart, 110+ indicators

About McCormick & Company, Incorporated

McCormick & Company, Incorporated is a global leader in the manufacture, marketing, and distribution of a wide array of flavorful products, including spices, seasoning mixes, and condiments, to the food industry. Its operations are divided into two primary segments: Consumer and Flavor Solutions. The Consumer segment provides an extensive range of items such as spices, herbs, seasonings, sauces, and desserts. These are sold under numerous prominent brands across various regions: McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY in the Americas; Ducros, Schwartz, Kamis, Drogheria & Alimentari, and Vahiné throughout Europe, the Middle East, and Africa (EMEA); McCormick and DaQiao in China; and McCormick, Aeroplane, and Gourmet Garden in Australia. In addition, it offers specialized regional and ethnic brands like Zatarain's, Stubb's, Thai Kitchen, and Simply Asia, and also produces goods for private labels. Its customer base encompasses a broad spectrum of retailers, including grocery stores, mass merchandisers, warehouse clubs, discount and drug stores, and e-commerce platforms. Distribution to these outlets occurs both directly and indirectly via distributors and wholesale foodservice providers. The Flavor Solutions segment caters to large-scale food manufacturers and the wider foodservice industry. It supplies essential ingredients such as seasoning blends, spices, herbs, condiments, coating systems, and complex flavor formulations. These products are delivered directly to clients or through a network of distributors. Founded in 1889, the company maintains its headquarters in Hunt Valley, Maryland.

https://www.mccormickcorporation.com

Key executives

NameTitlePayBorn
Brendan FoleyPresident, Chief Executive Officer & Chairman$2.2M1966
Jeffery D. SchwartzVice President, General Counsel & Corporate Secretary$1.1M1970
Marcos Mendes GabrielExecutive Vice President & Chief Financial Officer$1.0M1972
Andrew FoustChief Integration Officer$1.0M1981
Sarah PiperChief Human Relations Officer$926,9141977
Faten FreihaVice President of Investor Relations——
Guy PeriChief Information & Digital Officer——
Josh ChouChief Supply Chain Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Brendan M. Foley Chairman, President and Chief Executive Officer2025$1.1M$8.6M$720,130$10.8M
Jeffery D. Schwartz Vice President, General Counsel and Secretary2025$683,846$1.9M$236,946$3.0M
Marcos M. Gabriel Executive Vice President and Chief Financial Officer2025$650,000$1.7M$236,340$2.7M
Andrew D. Foust President, Americas2025$634,615$1.3M$206,505$2.3M
Sarah J. Piper Chief Human Relations Officer2025$569,519$1.0M$185,840$1.9M

Employees

12k201812k201913k202014k202114k202214k202314k202414k2025

Dividends

Ex-dateAmountPaid
2026-10-13$0.482026-10-26
2026-07-06$0.482026-07-20
2026-04-20$0.482026-04-27
2025-12-29$0.482026-01-12
2025-10-14$0.452025-10-27
2025-07-07$0.452025-07-21
2025-04-07$0.452025-04-21
2024-12-30$0.452025-01-13

Moat model

None · Efficient Scale · 2026-08-31
Cost advantage30
Intangibles31
Switching costs12
Network effect55
Efficient scale85
Our component scores (0-100) and overall 37.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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