MARKETS / NYSE / MKC-V

NYSE · MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS · LARGE CAP

Mccormick & Co. Inc. MKC-V

18 fiscal years on record · USD · FY2025 reported · SEC filings only

7 YEARS OF DIVIDEND GROWTH

Revenue

$6.8B

▲ 1.7% YoY

Net income

$789.4M

▲ 0.1% YoY

Free cash flow

$740.4M

▲ 14.4% YoY

In brief

What this company does

McCormick & Company, Incorporated manufactures, markets and distributes herbs, spices, seasoning mixes, condiments and other flavorful products to retailers, food manufacturers and foodservice businesses. Its major sales, distribution and production facilities are located in North America, Europe and China, with additional facilities in Australia, Central America, Thailand and South Africa. As of November 30, 2025, it had approximately 14,100 full-time employees worldwide. Sales to Wal-Mart Stores, Inc., a Consumer segment customer, accounted for approximately 12% of consolidated sales in each of 2025, 2024 and 2023, while sales to PepsiCo, Inc., a Flavor Solutions segment customer, accounted for approximately 12% of consolidated sales in 2025 and 13% in both 2024 and 2023. It operates in two business segments: Consumer and Flavor Solutions. In 2025, the Consumer segment contributed approximately 58% of consolidated net sales and 67% of consolidated operating income, while the Flavor Solutions segment contributed approximately 42% of consolidated net sales and 33% of consolidated operating income. Its Consumer segment brands reach consumers in approximately 150 countries and territories. Its Flavor Solutions segment provides a wide range of products to multinational food manufacturers and foodservice customers.

Written from the business description in MCCORMICK & CO INC's annual report to the U.S. Securities and Exchange Commission, filed 22 January 2026. Every sentence was checked against that document before publication.

Growth

USD 6.8B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 6.8 · Net income 0.8

Compound annual growth

Revenue

+2.5%

+4.1%

+4.8%

+4.9%

Net income

+5.0%

+1.1%

+7.0%

+5.2%

EPS, diluted

+5.2%

+1.1%

Dividend / share

+6.9%

+7.6%

Returned to shareholders

+7.8%

+8.5%

+3.5%

+8.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +4.1% a year over five years — but profit grew slower: net income at +1.1%, earnings per share at +1.1%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

12 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 15.7% · Net 11.5%

ROE

FY2025 · ROE 14.3%

Gross margin37.9%

Operating margin15.7%

Net margin11.5%

Return on assets6.0%

EBITDAUSD 1.3B

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 496.9M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 740.4

Net buybacks $M Dividends $M

FY2025 · Dividends 483.0 · Net buybacks 13.9

Dividends paidUSD 483.0M

Net buybacksUSD 13.9M

Share of profit62.9%

Consecutive raises7 years (since the 2018 share-count change)

USD 483.0M in dividends and USD 13.9M in buybacks — 63% of the year's profit went back to shareholders.

Total assetsUSD 13.2B

EquityUSD 5.7B

CashUSD 95.9M

Gross debtUSD 3.6B

Net debtUSD 3.5B

Current ratio0.70×

Net debt stands at 61% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	6.8	6.7	6.7	6.4	6.3	5.6	5.3	5.3	4.7	4.4	4.3	4.2	4.1	4.0	3.7	3.3	3.2	3.2
Operating income $B	1.1	1.1	1.0	0.9	1.0	1.0	1.0	0.9	0.7	0.6	0.5	0.6	0.6	0.6	0.5	0.5	0.5	0.4
EBITDA $B	1.3	1.3	1.2	1.1	1.2	1.2	1.1	1.0	0.8	0.7	0.7	0.7	0.7	0.7	0.6	0.6	0.6	0.5
Income tax $B	0.2	0.2	0.2	0.2	0.2	0.2	0.2	−0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Net income $B	0.8	0.8	0.7	0.7	0.8	0.7	0.7	0.9	0.5	0.5	0.4	0.4	0.4	0.4	0.4	0.4	0.3	0.3
Free cash flow $B	0.7	0.6	1.0	0.4	0.6	0.8	0.8	0.7	0.6	0.5	0.5	0.4	0.4	0.3	0.2	0.3	0.3	0.2
EPS, diluted $	2.93	2.92	2.52	2.52	2.80	2.78	2.62	3.50	3.72	3.69	3.11	3.34	2.91	3.04	2.79	2.75	2.27	1.94
Dividend / sh $	1.83	1.71	1.59	1.50	1.39	1.27	1.17	1.07	1.93	1.76	1.63	1.51	1.39	1.24	1.12	1.04	0.96	·
Payout %	61	57	61	58	48	44	43	29	50	46	51	44	46	40	40	37	42	44
ROE %	14.3	15.2	14.0	15.0	18.1	20.3	21.2	29.4	·	·	·	·	·	·	·	·	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 87 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 8 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityMiscellaneous Food Preparations & Kindred Products

Listed onNYSE

Incorporated inMaryland

Fiscal year endsNovember 30

Data on record since2008