McCormick Financial Statements
NYSE: MKCConsumer StaplesPackaged FoodsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 44.95 +0.31%
McCormick revenue and earnings
In fiscal 2025, McCormick generated $6.84 billion in revenue, up 1.7% from fiscal 2024, its 17th consecutive year of revenue growth. Net income was $789.4 million (+0.1% year over year), for a net margin of 11.5% versus a median of 11.7% in the prior 5 years. Gross margin was 37.9% (down from 38.5%) and operating margin 15.7%.
Diluted earnings per share came in at $2.93, up from $2.92. Over the last 5 fiscal years, MKC's revenue has grown at a 4.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
McCormick income statement (annual)
| Fiscal year (USD) | FY 20252025-11-30 | FY 20242024-11-30 | FY 20232023-11-30 | FY 20222022-11-30 | FY 20212021-11-30 | FY 20202020-11-30 | FY 20192019-11-30 | FY 20182018-11-30 | FY 20172017-11-30 | FY 20162016-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.84B | 6.72B | 6.66B | 6.35B | 6.32B | 5.60B | 5.35B | 5.30B | 4.73B | 4.41B |
| Revenue growth (YoY) | +1.73% | +0.92% | +4.91% | +0.52% | +12.79% | +4.75% | +0.84% | +12.10% | +7.23% | +2.68% |
| Cost of Revenue | 4.25B | 4.13B | 4.16B | 4.08B | 3.82B | 3.30B | 3.20B | 3.21B | 2.94B | 2.58B |
| Gross Profit | 2.59B | 2.59B | 2.50B | 2.27B | 2.49B | 2.30B | 2.15B | 2.09B | 1.79B | 1.83B |
| Operating Expenses | 1.52B | 1.53B | 1.54B | 1.41B | 1.48B | 1.30B | 1.19B | 1.20B | 1.09B | 1.19B |
| Research & Development | 106.10M | 102.90M | 94.90M | 87.50M | 87.30M | 68.60M | 67.30M | 69.40M | 66.10M | 61.00M |
| Selling, General & Admin | 1.50B | 1.52B | 1.48B | 1.36B | 1.40B | 1.28B | 1.17B | 1.16B | 1.03B | 1.18B |
| Operating Income | 1.07B | 1.06B | 963.00M | 863.60M | 1.02B | 999.50M | 957.70M | 891.10M | 699.80M | 641.00M |
| Interest Expense | 196.20M | 209.40M | 208.20M | 149.10M | 136.60M | 135.60M | 165.20M | 174.60M | 95.70M | 56.00M |
| Other Income (Expense) | 38.40M | 47.40M | 43.90M | 98.30M | 17.30M | 17.60M | 26.70M | 24.80M | 6.10M | 4.20M |
| Pretax Income | 913.00M | 898.30M | 798.70M | 812.80M | 895.80M | 881.50M | 819.20M | 741.30M | 594.80M | 589.20M |
| Income Tax | 195.80M | 184.00M | 174.50M | 168.60M | 192.70M | 174.90M | 157.40M | -157.30M | 151.30M | 153.00M |
| Net Income | 789.40M | 788.50M | 680.60M | 682.00M | 755.30M | 747.40M | 702.70M | 933.40M | 477.40M | 472.30M |
| Net Income growth (YoY) | +0.11% | +15.85% | -0.21% | -9.70% | +1.06% | +6.36% | -24.72% | +95.52% | +1.08% | +17.60% |
| EPS (Basic) | 2.94 | 2.94 | 2.54 | 2.54 | 2.83 | 2.80 | 2.65 | 3.55 | 3.77 | 3.73 |
| EPS (Diluted) | 2.93 | 2.92 | 2.52 | 2.52 | 2.80 | 2.78 | 2.62 | 3.50 | 3.72 | 3.69 |
| Shares Outstanding (Basic) | 268.50M | 268.50M | 268.40M | 268.20M | 267.30M | 266.50M | 265.10M | 263.10M | 126.80M | 126.60M |
| Shares Outstanding (Diluted) | 269.40M | 269.60M | 269.80M | 270.20M | 269.90M | 269.10M | 268.10M | 266.50M | 128.40M | 128.00M |
| EBITDA | 1.30B | 1.27B | 1.16B | 1.06B | 1.20B | 1.16B | 1.12B | 1.04B | 825.00M | 749.70M |
| Gross Margin | 37.90% | 38.54% | 37.56% | 35.82% | 39.48% | 41.07% | 40.12% | 39.48% | 37.93% | 41.52% |
| Operating Margin | 15.65% | 15.77% | 14.45% | 13.60% | 16.07% | 17.84% | 17.91% | 16.80% | 14.79% | 14.53% |
| Net Margin | 11.54% | 11.73% | 10.22% | 10.74% | 11.95% | 13.34% | 13.14% | 17.60% | 10.09% | 10.71% |
This table shows 10 annual periods of McCormick's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MKC's reporting calendar. What is a income statement?