McCormick & Company

Consumer Staples Packaged Foods & Meats Hunt Valley, Maryland Last filing Jan 22, 2026 · FY2025

                    Revenue
                    FY2025
                
$6.8B
                    3y CAGR +2.5%
                    
                    P53
                    
                    +1.7%
                    
                    Net income
                    FY2025
                
$789.4M
                    Net margin +11.5%
                    
                    P72
                    
                    +0.1%
                    
                    Total assets
                    FY2025
                
$13.2B
                    ROA +6.0%
                    
                    P53
                    
                    +1.0%
                    
                    Operating cash flow
                    FY2025
                
$962.2M
                    FCF margin +10.8%
                    
                    P61
                    
                    +4.4%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

23 accounts · 5 years

Total assets $13.2B

Total liabilities $7.4B

Shareholders equity $5.7B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	0.7%	1.4%	1.3%	2.5%	2.7%
Accounts Receivable	4.8%	4.5%	4.6%	4.4%	4.3%
Inventory	9.6%	9.5%	8.8%	10.2%	9.2%
Prepaid Expenses	1.1%	1.0%	0.9%	1.1%	0.9%
Total Current Assets	16.2%	16.4%	15.6%	18.2%	17.0%
Property,Plant and Equipment	11.0%	10.8%	10.3%	9.1%	8.8%
Goodwill	40.2%	40.0%	40.9%	39.7%	41.3%
Intangible Assets	24.9%	25.4%	26.1%	25.8%	26.8%
Other Noncurrent Assets	7.7%	7.4%	7.1%	7.2%	6.1%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	9.5%	9.5%	8.7%	8.9%	8.2%
Accrued Liabilities	6.9%	6.9%	7.1%	5.7%	6.6%
Current Portion of Long Term Debt	6.7%	5.7%	8.3%	11.5%	10.1%
Total Current Liabilities	23.2%	22.1%	24.1%	26.2%	25.0%
Long Term Debt	23.5%	27.5%	26.0%	27.8%	30.8%
Deferred Tax Liabilities	6.3%	6.4%	6.7%	6.6%	6.1%
Other Noncurrent Liabilities	3.2%	3.3%	3.7%	3.7%	3.8%
Total Liabilities	56.3%	59.3%	60.5%	64.2%	65.7%
Equity
Retained Earnings	28.9%	27.1%	25.3%	23.0%	21.6%
Accumulated Other Comprehensive Income	-2.8%	-3.8%	-3.0%	-3.7%	-3.3%
Total Stockholders Equity	43.5%	40.5%	39.3%	35.7%	34.2%
Noncontrolling Interest	0.2%	0.2%	0.2%	0.1%	0.1%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $6.8B

Operating income $1.1B

Net income $789.4M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	51.8%	51.4%	51.8%	48.4%	49.0%
Expenses Cost of Revenue	32.2%	31.6%	32.3%	31.1%	29.6%
Other Income Expense Gross Profit	19.6%	19.8%	19.5%	17.3%	19.3%
Expenses Selling,General and Administrative	11.4%	11.6%	11.5%	10.3%	10.9%
Expenses Other Operating Expenses	0.2%	0.1%	0.5%	0.4%	0.6%
Other Income Expense Operating Income	8.1%	8.1%	7.5%	6.6%	7.9%
Other Income Expense Interest Expense	1.5%	1.6%	1.6%	1.1%	1.1%
Other Income Expense Other Income/expense	0.3%	0.4%	0.3%	0.7%	0.1%
Other Income Expense Income Before Tax	6.9%	6.9%	6.2%	6.2%	6.9%
Income Tax Income Tax Expense	1.5%	1.4%	1.4%	1.3%	1.5%
net Income Other Items Below Tax	0.5%	0.6%	0.4%	0.3%	0.4%
net Income net Income	6.0%	6.0%	5.3%	5.2%	5.9%
net Income Comprehensive Income	7.0%	5.3%	6.0%	4.8%	6.2%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $962.2M

Investing cash flow $-255.2M

Financing cash flow $-840.9M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	6.0%	6.0%	5.3%	5.2%	5.9%
Operating Activities Depreciation and Amortization	1.8%	1.6%	1.5%	1.5%	1.4%
Operating Activities Stock Based Compensation	0.3%	0.4%	0.5%	0.5%	0.5%
Operating Activities Deferred Income Taxes	-0.0%	-0.2%	-0.0%	0.2%	0.3%
Operating Activities Changes In Operating Assets and Liabilities	-0.6%	-0.6%	2.1%	-1.9%	-1.7%
Operating Activities Other Non Cash Items	-0.1%	-0.1%	0.2%	-0.4%	0.1%
Operating Activities net Cash From Operating Activities	7.3%	7.1%	9.6%	5.0%	6.4%
Investing Activities Capital Expenditures	-1.7%	-2.1%	-2.1%	-2.0%	-2.2%
Investing Activities Business Acquisitions	-0.3%	0.0%	0.0%	—	-5.5%
Investing Activities Other Investing Activities	0.0%	0.0%	0.0%	0.9%	0.6%
Investing Activities net Cash From Investing Activities	-1.9%	-2.1%	-2.0%	-1.1%	-7.0%
Financing Activities Proceeds From Debt	0.0%	3.8%	3.9%	0.0%	7.8%
Financing Activities Repayment of Debt	-2.8%	-4.5%	-9.6%	-0.6%	-4.7%
Financing Activities Repurchase of Common Stock	-0.3%	-0.4%	-0.3%	-0.3%	-0.1%
Financing Activities Dividends Paid	-3.7%	-3.5%	-3.3%	-3.0%	-2.8%
Financing Activities Proceeds From Stock Issuance	0.2%	0.1%	0.1%	0.3%	0.1%
Financing Activities Tax Withholding On Stock Based Compensation	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%
Financing Activities Other Financing Activities	0.3%	0.1%	0.0%	0.0%	-0.0%
Financing Activities net Cash From Financing Activities	-6.4%	-4.5%	-9.2%	-3.7%	0.2%
Cash Reconciliation Effect of Exchange Rate On Cash	0.3%	-0.4%	0.3%	-0.3%	-0.1%
Cash Reconciliation net Change In Cash	-0.7%	0.1%	-1.3%	-0.1%	-0.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+37.9%	+38.5%	+37.6%	+35.8%	+39.5%
Operating margin	+15.7%	+15.8%	+14.5%	+13.6%	+16.1%
Net margin	+11.5%	+11.7%	+10.2%	+10.7%	+12.0%
FCF margin	+10.8%	+9.6%	+14.6%	+6.1%	+8.7%
Growth
Revenue CAGR (3y)	+2.5%	+2.1%	+6.0%	+5.9%	+6.0%
Returns
ROE	+13.8%	+14.9%	+13.4%	+14.6%	+17.1%
ROA	+6.0%	+6.0%	+5.3%	+5.2%	+5.9%
ROIC	+8.7%	+8.9%	+8.1%	+7.2%	+8.5%
Liquidity
Current ratio	0.70x	0.74x	0.65x	0.70x	0.68x
Quick ratio	0.24x	0.27x	0.24x	0.26x	0.28x
Leverage
D/E	1.30x	1.47x	1.54x	1.80x	1.92x
Interest coverage	5.46x	5.06x	4.63x	5.79x	7.43x
Efficiency
Asset turnover	0.52x	0.51x	0.52x	0.48x	0.49x
Cash conversion cycle	+35d	+32d	+33d	+48d	+43d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

McCormick & Company

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history