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McCormick & Co Inc

EDGAR
MKC Quarterly report (10-Q) · filed 2026-10-01

Annual consolidated revenue for 2025: about USD 6.84B, using the latest reported figures. The previous period, 2024, was about USD 6.724B.

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Watchlist

Latest quarter

Revenue

2.02 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 2024800000 USD Source

Operating margin

10.72%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 217000000 USD Source
  • Revenue: 2024800000 USD Source

Operating cash flow

168 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 598800000 USD Source
  • Operating Cash Flow: 430700000 USD Source

Free cash flow

112 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 598800000 USD Source
  • Operating Cash Flow: 430700000 USD Source
  • Capital Expenditure: 131200000 USD Source
  • Capital Expenditure: 75200000 USD Source
Cash and cash equivalents
331 million USD Source
Exact value

331100000 USD

Long-term debt including current maturities
3.68 billion USD Source
Exact value

3678000000 USD

Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

7.69 billion USD

2025-09-01 – 2026-08-31

Exact inputs and evidence
  • Revenue: 6840300000 USD · 2024-12-01 – 2025-11-30 Source
  • Revenue: 4989900000 USD · 2024-12-01 – 2025-08-31 Source
  • Revenue: 1873900000 USD · 2025-12-01 – 2026-02-28 Source
  • Revenue: 1936600000 USD · 2026-03-01 – 2026-05-31 Source
  • Revenue: 2024800000 USD · 2026-06-01 – 2026-08-31 Source

Net income

1.49 billion USD

2025-09-01 – 2026-08-31

Exact inputs and evidence
  • Net income: 789400000 USD · 2024-12-01 – 2025-11-30 Source
  • Net income: 562800000 USD · 2024-12-01 – 2025-08-31 Source
  • Net income: 1016200000 USD · 2025-12-01 – 2026-02-28 Source
  • Net income: 150100000 USD · 2026-03-01 – 2026-05-31 Source
  • Net income: 97600000 USD · 2026-06-01 – 2026-08-31 Source

Operating cash flow

1.14 billion USD

2025-09-01 – 2026-08-31

Exact inputs and evidence
  • Operating cash flow: 962200000 USD · 2024-12-01 – 2025-11-30 Source
  • Operating cash flow: 420200000 USD · 2024-12-01 – 2025-08-31 Source
  • Operating cash flow: 50900000 USD · 2025-12-01 – 2026-02-28 Source
  • Operating cash flow: 430700000 USD · 2025-12-01 – 2026-05-31 Source
  • Operating cash flow: 50900000 USD · 2025-12-01 – 2026-02-28 Source
  • Operating cash flow: 598800000 USD · 2025-12-01 – 2026-08-31 Source
  • Operating cash flow: 430700000 USD · 2025-12-01 – 2026-05-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-01.

Financial data available through: 2025-11-30.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-11-30
  • Operating income: 11 of 11 periods available· newest 2025-11-30
  • Net income: 11 of 11 periods available· newest 2025-11-30
  • Operating cash flow: 11 of 11 periods available· newest 2025-11-30
  • Capital expenditure: 8 of 11 periods available· newest 2022-11-30
  • Total assets: 11 of 11 periods available· newest 2025-11-30
  • Total liabilities: 11 of 11 periods available· newest 2025-11-30
  • Current assets: 11 of 11 periods available· newest 2025-11-30
  • Current liabilities: 11 of 11 periods available· newest 2025-11-30
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-11-30
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-11-30
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +1.7%

    Prior period

    USD 6.72 billion

    –

    Current period

    USD 6.84 billion

    –

    Exact inputs and evidence

    6840300000 − 6723700000 = 116600000 USD

    6723700000 USD · 2023-12-01 – 2024-11-30

    Inspect prior input Prior source

    6840300000 USD · 2024-12-01 – 2025-11-30

    Inspect current input Current source
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  • Net income

    +0.1%

    Prior period

    USD 788.5 million

    –

    Current period

    USD 789.4 million

    –

    Exact inputs and evidence

    789400000 − 788500000 = 900000 USD

    788500000 USD · 2023-12-01 – 2024-11-30

    Inspect prior input Prior source

    789400000 USD · 2024-12-01 – 2025-11-30

    Inspect current input Current source
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  • Operating cash flow

    +4.4%

    Prior period

    USD 921.9 million

    –

    Current period

    USD 962.2 million

    –

    Exact inputs and evidence

    962200000 − 921900000 = 40300000 USD

    921900000 USD · 2023-12-01 – 2024-11-30

    Inspect prior input Prior source

    962200000 USD · 2024-12-01 – 2025-11-30

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2024-12-01 – 2025-11-30

  • Revenue USD 6.84 billion 100% of revenue
  • Cost of revenue USD 4.25 billion 62% of revenue
  • Operating expenses USD 1.61 billion 23% of revenue
  • Other operating costs Derived −USD 85 million −1.2% of revenue
  • Operating income USD 1.07 billion 16% of revenue
  • Tax, interest and other Derived USD 281.4 million 4.1% of revenue
  • Net income USD 789.4 million 12% of revenue

Cash

  • Operating cash flow USD 962.2 million 14% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 11%85%
  • 2017 10%85%
  • 2018 Net income was higher than operating income, so the split is not drawn.
  • 2019 13%82%
  • 2020 13%82%
  • 2021 12%84%
  • 2022 11%86%
  • 2023 10%86%
  • 2024 12%84%
  • 2025 12%84%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2015-12-01 – 2016-11-304411500000 3770500000 Derived 641000000 168700000 Derived 472300000 504300000 Derived
Source
2017 2016-12-01 – 2017-11-304730300000 4030500000 Derived 699800000 222400000 Derived 477400000 632900000 Derived
Source
2018 2017-12-01 – 2018-11-305302800000 4411700000 Derived 891100000 -42300000 Derived 933400000 652100000 Derived
Source
2019 2018-12-01 – 2019-11-305347400000 4389700000 Derived 957700000 255000000 Derived 702700000 773100000 Derived
Source
2020 2019-12-01 – 2020-11-305601300000 4601800000 Derived 999500000 252100000 Derived 747400000 816000000 Derived
Source
2021 2020-12-01 – 2021-11-306317900000 5302800000 Derived 1015100000 259800000 Derived 755300000 550300000 Derived
Source
2022 2021-12-01 – 2022-11-306350500000 5486900000 Derived 863600000 181600000 Derived 682000000 389500000 Derived
Source
2023 2022-12-01 – 2023-11-306662200000 5699200000 Derived 963000000 282400000 Derived 680600000 Unavailable
Source
2024 2023-12-01 – 2024-11-306723700000 5663400000 Derived 1060300000 271800000 Derived 788500000 Unavailable
Source
2025 2024-12-01 – 2025-11-306840300000 5769500000 Derived 1070800000 281400000 Derived 789400000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 6.8B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.7.4B5.5B3.7B1.8B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue4411500000
2017Revenue4730300000
2018Revenue5302800000
2019Revenue5347400000
2020Revenue5601300000
2021Revenue6317900000
2022Revenue6350500000
2023Revenue6662200000
2024Revenue6723700000
2025Revenue6840300000

Revenue growth

Change in revenue from the same financial period one year earlier.

1.7% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.13.8%10.4%6.9%3.5%0.0%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year2.7%
2017Year over year7.2%
2018Year over year12.1%
2019Year over year0.8%
2020Year over year4.7%
2021Year over year12.8%
2022Year over year0.5%
2023Year over year4.9%
2024Year over year0.9%
2025Year over year1.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 15.7% 2025
Net margin 11.5% 2025
Free cash flow margin 6.1% 2022
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.19.3%14.5%9.7%4.8%0.0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin14.5%
2017Operating margin14.8%
2018Operating margin16.8%
2019Operating margin17.9%
2020Operating margin17.8%
2021Operating margin16.1%
2022Operating margin13.6%
2023Operating margin14.5%
2024Operating margin15.8%
2025Operating margin15.7%
2016Net margin10.7%
2017Net margin10.1%
2018Net margin17.6%
2019Net margin13.1%
2020Net margin13.3%
2021Net margin12%
2022Net margin10.7%
2023Net margin10.2%
2024Net margin11.7%
2025Net margin11.5%
2016Free cash flow margin11.4%
2017Free cash flow margin13.4%
2018Free cash flow margin12.3%
2019Free cash flow margin14.5%
2020Free cash flow margin14.6%
2021Free cash flow margin8.7%
2022Free cash flow margin6.1%
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 962.2M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.3B1.0B668.1M334.1M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow658100000
2017Operating cash flow815300000
2018Operating cash flow821200000
2019Operating cash flow946800000
2020Operating cash flow1041300000
2021Operating cash flow828300000
2022Operating cash flow651500000
2023Operating cash flow1237300000
2024Operating cash flow921900000
2025Operating cash flow962200000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 389.5M 2022
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.881.3M661.0M440.6M220.3M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow504300000
2017Free cash flow632900000
2018Free cash flow652100000
2019Free cash flow773100000
2020Free cash flow816000000
2021Free cash flow550300000
2022Free cash flow389500000
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

56.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.81%61%41%20%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets64.7%
2017Liabilities / assets75.2%
2018Liabilities / assets69%
2019Liabilities / assets66.6%
2020Liabilities / assets67.4%
2021Liabilities / assets65.7%
2022Liabilities / assets64.2%
2023Liabilities / assets60.5%
2024Liabilities / assets59.3%
2025Liabilities / assets56.3%

Current assets to current liabilities

Current assets divided by current liabilities.

0.7× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.08×0.81×0.54×0.27×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1×
2017Current assets / current liabilities0.83×
2018Current assets / current liabilities0.74×
2019Current assets / current liabilities0.72×
2020Current assets / current liabilities0.68×
2021Current assets / current liabilities0.68×
2022Current assets / current liabilities0.7×
2023Current assets / current liabilities0.65×
2024Current assets / current liabilities0.74×
2025Current assets / current liabilities0.7×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2015-12-01 – 2016-11-30
USD 472.3 million
Exact value

Exact value: 472300000 USD

2015-12-01 – 2016-11-30: 472300000 USD Inspect Net Income Open source
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USD 658.1 million
Exact value

Exact value: 658100000 USD

2015-12-01 – 2016-11-30: 658100000 USD Inspect Operating Cash Flow Open source
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USD 153.8 million
Exact value

Exact value: 153800000 USD

2015-12-01 – 2016-11-30: 153800000 USD Inspect Capital Expenditure Open source
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USD 504.3 million
Calculation and evidence

658100000 − 153800000 USD

Exact free cash flow: 504300000 USD

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2017 2016-12-01 – 2017-11-30
USD 477.4 million
Exact value

Exact value: 477400000 USD

2016-12-01 – 2017-11-30: 477400000 USD Inspect Net Income Open source
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USD 815.3 million
Exact value

Exact value: 815300000 USD

2016-12-01 – 2017-11-30: 815300000 USD Inspect Operating Cash Flow Open source
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USD 182.4 million
Exact value

Exact value: 182400000 USD

2016-12-01 – 2017-11-30: 182400000 USD Inspect Capital Expenditure Open source
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USD 632.9 million
Calculation and evidence

815300000 − 182400000 USD

Exact free cash flow: 632900000 USD

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2018 2017-12-01 – 2018-11-30
USD 933.4 million
Exact value

Exact value: 933400000 USD

2017-12-01 – 2018-11-30: 933400000 USD Inspect Net Income Open source
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USD 821.2 million
Exact value

Exact value: 821200000 USD

2017-12-01 – 2018-11-30: 821200000 USD Inspect Operating Cash Flow Open source
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USD 169.1 million
Exact value

Exact value: 169100000 USD

2017-12-01 – 2018-11-30: 169100000 USD Inspect Capital Expenditure Open source
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USD 652.1 million
Calculation and evidence

821200000 − 169100000 USD

Exact free cash flow: 652100000 USD

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2019 2018-12-01 – 2019-11-30
USD 702.7 million
Exact value

Exact value: 702700000 USD

2018-12-01 – 2019-11-30: 702700000 USD Inspect Net Income Open source
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USD 946.8 million
Exact value

Exact value: 946800000 USD

2018-12-01 – 2019-11-30: 946800000 USD Inspect Operating Cash Flow Open source
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USD 173.7 million
Exact value

Exact value: 173700000 USD

2018-12-01 – 2019-11-30: 173700000 USD Inspect Capital Expenditure Open source
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USD 773.1 million
Calculation and evidence

946800000 − 173700000 USD

Exact free cash flow: 773100000 USD

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2020 2019-12-01 – 2020-11-30
USD 747.4 million
Exact value

Exact value: 747400000 USD

2019-12-01 – 2020-11-30: 747400000 USD Inspect Net Income Open source
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USD 1.04 billion
Exact value

Exact value: 1041300000 USD

2019-12-01 – 2020-11-30: 1041300000 USD Inspect Operating Cash Flow Open source
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USD 225.3 million
Exact value

Exact value: 225300000 USD

2019-12-01 – 2020-11-30: 225300000 USD Inspect Capital Expenditure Open source
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USD 816 million
Calculation and evidence

1041300000 − 225300000 USD

Exact free cash flow: 816000000 USD

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2021 2020-12-01 – 2021-11-30
USD 755.3 million
Exact value

Exact value: 755300000 USD

2020-12-01 – 2021-11-30: 755300000 USD Inspect Net Income Open source
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USD 828.3 million
Exact value

Exact value: 828300000 USD

2020-12-01 – 2021-11-30: 828300000 USD Inspect Operating Cash Flow Open source
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USD 278 million
Exact value

Exact value: 278000000 USD

2020-12-01 – 2021-11-30: 278000000 USD Inspect Capital Expenditure Open source
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USD 550.3 million
Calculation and evidence

828300000 − 278000000 USD

Exact free cash flow: 550300000 USD

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2022 2021-12-01 – 2022-11-30
USD 682 million
Exact value

Exact value: 682000000 USD

2021-12-01 – 2022-11-30: 682000000 USD Inspect Net Income Open source
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USD 651.5 million
Exact value

Exact value: 651500000 USD

2021-12-01 – 2022-11-30: 651500000 USD Inspect Operating Cash Flow Open source
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USD 262 million
Exact value

Exact value: 262000000 USD

2021-12-01 – 2022-11-30: 262000000 USD Inspect Capital Expenditure Open source
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USD 389.5 million
Calculation and evidence

651500000 − 262000000 USD

Exact free cash flow: 389500000 USD

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2023 2022-12-01 – 2023-11-30
USD 680.6 million
Exact value

Exact value: 680600000 USD

2022-12-01 – 2023-11-30: 680600000 USD Inspect Net Income Open source
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USD 1.24 billion
Exact value

Exact value: 1237300000 USD

2022-12-01 – 2023-11-30: 1237300000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2023-12-01 – 2024-11-30
USD 788.5 million
Exact value

Exact value: 788500000 USD

2023-12-01 – 2024-11-30: 788500000 USD Inspect Net Income Open source
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USD 921.9 million
Exact value

Exact value: 921900000 USD

2023-12-01 – 2024-11-30: 921900000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2024-12-01 – 2025-11-30
USD 789.4 million
Exact value

Exact value: 789400000 USD

2024-12-01 – 2025-11-30: 789400000 USD Inspect Net Income Open source
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USD 962.2 million
Exact value

Exact value: 962200000 USD

2024-12-01 – 2025-11-30: 962200000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

481 filings · 7,531 latest values · 7,531 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000063754, 63754, MKC, MKC-V, edgar:63754, mkc

Also known as MCCORMICK & CO INC, McCORMICK & COMPANY, INCORPORATED, McCormick & Co Inc, McCormick & Co Inc., McCormick & Company, Inc.