McCormick Cash Flow Statement
NYSE: MKCConsumer StaplesPackaged FoodsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
McCormick free cash flow
In fiscal 2025, McCormick generated $962.2 million of operating cash flow and spent $221.8 million on capital expenditures. That left free cash flow of $740.4 million, a free-cash-flow margin of 10.8% of revenue. Free cash flow was up 14.4% from the prior year's $647.0 million.
McCormick returned $517.8 million to shareholders: $483.0 million in dividends and $34.8 million in share repurchases, equal to 70% of free cash flow. Free cash flow covered dividend payments 1.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
McCormick cash flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Depreciation & Amortization | 231.30M | 208.80M | 199.30M | 200.60M | 186.30M | 165.00M | 158.80M | 150.70M | 125.20M | 108.70M |
| Stock-Based Compensation | 46.20M | 47.40M | 63.40M | 60.30M | 66.60M | 46.00M | 37.20M | 25.60M | 23.90M | 25.60M |
| Change in Working Capital | 10.40M | -10.40M | 160.30M | -125.80M | -141.40M | -31.20M | 119.50M | 82.60M | 129.80M | -13.00M |
| Operating Cash Flow | 962.20M | 921.90M | 1.24B | 651.50M | 828.30M | 1.04B | 946.80M | 821.20M | 815.30M | 658.10M |
| Capital Expenditures | -221.80M | -274.90M | -263.90M | -262.00M | -278.00M | -225.30M | -173.70M | -169.10M | -182.40M | -153.80M |
| Investing Cash Flow | -255.20M | -269.00M | -260.50M | -146.40M | -908.60M | -1.03B | -171.00M | -158.50M | -4.51B | -267.10M |
| Dividends Paid | -483.00M | -451.00M | -418.50M | -396.70M | -363.30M | -330.10M | -302.20M | -273.40M | -237.60M | -217.80M |
| Share Repurchases | -34.80M | -53.10M | -35.70M | -38.80M | -8.60M | -47.30M | -95.10M | -62.30M | -137.80M | -242.70M |
| Debt Issued | 2.70M | 495.50M | 496.40M | 0 | 1.00B | 527.00M | 0 | 25.90M | 3.99B | 6.00M |
| Debt Repaid | -267.90M | -801.10M | -268.10M | -772.00M | -257.10M | -257.70M | -447.70M | -797.90M | -272.70M | -202.00M |
| Financing Cash Flow | -840.90M | -583.10M | -1.18B | -487.20M | 22.00M | 220.90M | -725.80M | -751.10M | 3.76B | -371.50M |
| Net Change in Cash | -90.20M | 19.50M | -167.40M | -17.70M | -71.90M | 268.20M | 58.80M | -90.20M | 68.40M | 5.80M |
| Free Cash Flow | 740.40M | 647.00M | 973.40M | 389.50M | 550.30M | 816.00M | 773.10M | 652.10M | 632.90M | 504.30M |
This table shows 10 annual periods of McCormick's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MKC's reporting calendar. What is a cash flow statement?