McCormick & Company

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

                    Revenue
                    FY2025
                
$6.8B
                    3y CAGR +2.5%
                    
                    P54
                    
                    +1.7%
                    
                    Net income
                    FY2025
                
$789.4M
                    Net margin +11.5%
                    
                    P74
                    
                    +0.1%
                    
                    Total assets
                    FY2025
                
$13.2B
                    ROA +6.0%
                    
                    P54
                    
                    +1.0%
                    
                    Operating cash flow
                    FY2025
                
$962.2M
                    
                    +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

26 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%	—	—	—	—
Inventory	0.0%	—	—	—	—
Prepaid Expenses	1.1%	—	—	—	—
Total Current Assets	16.2%	16.4%	15.6%	18.2%	17.0%
Property,Plant and Equipment	11.0%	—	—	—	—
Goodwill	40.2%	40.0%	40.9%	39.7%	41.3%
Intangible Assets	24.9%	—	—	—	—
Other Noncurrent Assets	7.7%	—	—	—	—
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	3.9%	—	—	—	—
Other Current Liabilities	3.2%	—	—	—	—
Total Current Liabilities	23.2%	22.1%	24.1%	26.2%	25.0%
Long Term Debt	23.5%	—	—	—	—
Deferred Tax Liabilities	6.3%	—	—	—	—
Other Noncurrent Liabilities	3.2%	—	—	—	—
Total Liabilities	56.3%	59.3%	60.5%	64.2%	65.7%
Equity
Common Stock	0.0%	—	—	—	—
Additional Paid In Capital	0.0%	0.4%	0.5%	0.5%	0.5%
Retained Earnings	28.9%	—	—	—	—
Accumulated Other Comprehensive Income	-2.8%	—	—	—	—
Noncontrolling Interest	0.2%	—	—	—	—
Total Stockholders Equity	43.5%	—	—	—	—
Total Liabilitiesand Equity	100.0%	—	—	—	—

Income Statement

Revenue, expense, and profitability

18 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%	—	—	—	—
Expenses Cost of Revenue	32.2%	—	—	—	—
Expenses Research and Development	0.8%	—	—	—	—
Expenses Selling,General and Administrative	11.4%	—	—	—	—
Expenses Depreciation and Amortization	1.8%	—	—	—	—
Expenses Share Based Compensation	0.3%	—	—	—	—
Other Income Expense Gross Profit	19.6%	—	—	—	—
Other Income Expense Operating Income	8.1%	—	—	—	—
Other Income Expense Interest Expense	1.5%	—	—	—	—
Other Income Expense Other Income/expense	0.3%	—	—	—	—
Other Income Expense Income Before Tax	6.9%	—	—	—	—
Income Tax Income Tax Expense	1.5%	—	—	—	—
net Income net Income	6.0%	—	—	—	—
net Income Comprehensive Income	7.0%	—	—	—	—
Earnings Per Share Basic Eps	0.0%	—	—	—	—
Earnings Per Share Diluted Eps	0.0%	—	—	—	—
Earnings Per Share Weighted Average Shares Basic	2.0%	—	—	—	—
Earnings Per Share Weighted Average Shares Diluted	2.0%	—	—	—	—

Cash Flow Statement

Operating, investing, and financing flows

20 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%	—	—	—	—
Operating Activities Stock Based Compensation	0.3%	—	—	—	—
Operating Activities Deferred Income Taxes	-0.0%	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	-0.1%	0.6%	-0.8%	1.0%	0.6%
Operating Activities net Cash From Operating Activities	7.3%	7.1%	9.6%	5.0%	6.4%
Investing Activities Business Acquisitions	0.3%	—	—	—	—
Investing Activities net Cash From Investing Activities	-1.9%	-2.1%	-2.0%	-1.1%	-7.0%
Financing Activities Proceeds From Debt	0.0%	—	—	—	—
Financing Activities Repayment of Debt	2.0%	6.1%	2.1%	5.9%	2.0%
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%	—	—	—	—
Financing Activities Tax Withholding On Stock Based Compensation	0.1%	—	—	—	—
Financing Activities Other Financing Activities	0.3%	—	—	—	—
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%
Cash Reconciliation Cash At Beginning of Period	0.7%	—	—	—	—
Cash Reconciliation Cash At End of Period	0.7%	—	—	—	—

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	—	—	—	+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	+9.1%	+9.4%	+8.3%	+8.3%	+9.1%
Liquidity
Current ratio	0.70x	0.74x	0.65x	0.70x	0.68x
Quick ratio	0.24x	—	—	—	—
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	-75d	—	—	—	—

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McCormick & Company

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