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MKC · NYSE · United States · Miscellaneous Food Preparations & Kindred Products
In shortMCCORMICK & CO INC is profitable, generates cash and carries moderate debt, with revenue stable (+1.7% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 15.7% | 69/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 11.5% | 66/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 14.3% | 72/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.0% | 60/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.70× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.63× | 76/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.70× | 37/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 5.46× | 38/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.84 | 19/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 10.8% | 63/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.94× | 80/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 5.1% | 92/100 |
| Operating margin volatility | 1.0% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 2.5% | 31/100 |
|---|---|---|
| EPS growth, 3-year average | 5.2% | 51/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 6,318 | 6,351 | 6,662 | 6,724 | 6,840 |
| Cost of revenue | 3,823 | 4,076 | 4,160 | 4,133 | 4,248 |
| Gross profit | 2,495 | 2,275 | 2,503 | 2,591 | 2,592 |
| Research & development | 87 | 88 | 95 | 103 | 106 |
| Selling, general & admin | 1,404 | 1,357 | 1,478 | 1,521 | 1,500 |
| Operating income | 1,015 | 864 | 963 | 1,060 | 1,071 |
| Interest expense | 137 | 149 | 208 | 209 | 196 |
| Pre-tax income | 896 | 813 | 799 | 898 | 913 |
| Income tax | 193 | 169 | 175 | 184 | 196 |
| Net income | 755 | 682 | 681 | 789 | 789 |
| Diluted EPS | $2.80 | $2.52 | $2.52 | $2.92 | $2.93 |
| Diluted shares (millions) | 270 | 270 | 270 | 270 | 269 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
1.84 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Aug 31, 2026 · Data updated Oct 1, 2026