McCormick & Company, Incorporated (MKC) Stock Analysis
Consumer Defensive · Packaged Foods · NYSE
McCormick & Company, Incorporated (MKC) posted $6.84B in revenue for fiscal 2025 (up 1.7% year over year), at a 11.5% net margin, and has compounded revenue about 4.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on McCormick & Company, Incorporated
McCormick & Company, Incorporated has grown revenue from $4.41B to $6.84B over the last 10 fiscal years, compounding about 4.1% a year. The most recent year was up 1.7%, so growth has cooled from its longer-run pace.
Net margin sits at 11.5% on a 37.9% gross margin. It carries about $4.00B of total debt.
At today's valuation the market is pricing in roughly 6.6% annual free-cash-flow growth — versus the -1.9% it actually delivered over the last five years, so the price already assumes a step-up from the recent record.
Synthesised from McCormick & Company, Incorporated's SEC filings — descriptive, not advice. Ask the analyst your own question →
McCormick & Company, Incorporated revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.41B | $4.73B | $5.30B | $5.35B | $5.60B | $6.32B | $6.35B | $6.66B | $6.72B | $6.84B |
| Gross profit | $1.83B | $1.79B | $2.09B | $2.15B | $2.30B | $2.49B | $2.27B | $2.50B | $2.59B | $2.59B |
| Net income | $472.30M | $477.40M | $933.40M | $702.70M | $747.40M | $755.30M | $682.00M | $680.60M | $788.50M | $789.40M |
| Net margin | 10.7% | 10.1% | 17.6% | 13.1% | 13.3% | 12.0% | 10.7% | 10.2% | 11.7% | 11.5% |
Source: McCormick & Company, Incorporated SEC filings (10-K). 18 years of history available in the interactive view.
McCormick & Company, Incorporated: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into MKC stock?
At today's market cap of $13.68B, McCormick & Company, Incorporated is priced for free-cash-flow growth of about 6.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $740.40M from the FY ending 2025-11-30). For comparison, free cash flow actually grew -1.9%/yr over the last five fiscal years and revenue 4.1%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of McCormick & Company, Incorporated financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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McCormick & Company, Incorporated financial history by metric
Compare McCormick & Company, Incorporated with peers
About McCormick & Company, Incorporated
McCormick & Company, Incorporated manufactures, markets, and distributes herbs, 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, sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; and McCormick and DaQiao brands in the Asia/Pacific (APAC), as well as desserts under the Aeroplane brand; and packaged chilled herbs under the Gourmet Garden brand. Its authentic regional brands include Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. The company also supplies its products under private labels. This segment serves retailers, including 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, 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.
McCormick & Company, Incorporated — frequently asked questions
What is McCormick & Company, Incorporated's revenue?
McCormick & Company, Incorporated (MKC) reported revenue of $6.84B for fiscal year 2025, up 1.7% from the prior year, according to its SEC filings.
Is McCormick & Company, Incorporated profitable?
Yes. MKC earned net income of $789.40M in fiscal 2025, a net margin of 11.5%.
What is MKC's P/E ratio?
McCormick & Company, Incorporated trades at a price-to-earnings ratio of about 8.5 based on the latest data in our nightly-refreshed cache.
How fast is McCormick & Company, Incorporated growing?
MKC's revenue grew at roughly 4.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does McCormick & Company, Incorporated have?
As of fiscal year 2025, MKC carried roughly $4.00B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is McCormick & Company, Incorporated's gross margin?
MKC's gross margin was 37.9% in fiscal 2025 — gross profit of $2.59B on revenue of $6.84B.
What is McCormick & Company, Incorporated's market cap?
McCormick & Company, Incorporated (MKC) has a market capitalization of about $13.68B, based on the latest data in our nightly-refreshed cache.
When does McCormick & Company, Incorporated's fiscal year end?
MKC's fiscal year ends in November. Its most recent annual filing covers the fiscal year ending 2025-11-30.
What growth is priced into MKC stock?
At today's market cap of $13.68B, McCormick & Company, Incorporated is priced for free-cash-flow growth of about 6.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $740.40M from the FY ending 2025-11-30). For comparison, free cash flow actually grew -1.9%/yr over the last five fiscal years and revenue 4.1%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from McCormick & Company, Incorporated's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.