MCCORMICK & CO INC
Business
McCormick is a global leader in flavor, manufacturing, marketing, and distributing herbs, spices, seasoning mixes, condiments, and other flavorful products to retailers, food manufacturers, and foodservice businesses worldwide. The company offers branded and private-label products across spices, seasonings, condiments, sauces, and customized flavor solutions, with major brands including McCormick, French's, Frank's RedHot, Lawry's, Cholula, Ducros, and Schwartz. McCormick operates through two segments—Consumer (branded retail products across approximately 150 countries) and Flavor Solutions (customized ingredients for food manufacturers and foodservice)—with manufacturing and distribution facilities in North America, Europe, China, Australia, Central America, Thailand, and South Africa.
Summary from 10-K filed 2026-01-22
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2022 2022-11-30 | FY 2021 2021-11-30 |
|---|---|---|---|---|---|---|
| Net sales | 6,840 | 6,724 | 6,662 | 6,351 | 6,318 | |
| Cost of goods sold | 4,248 | 4,133 | 4,160 | 4,076 | 3,823 | |
| Gross profit | 2,592 | 2,591 | 2,503 | 2,275 | 2,495 | |
| Selling, general and administrative expense | 1,500 | 1,521 | 1,478 | 1,357 | 1,404 | |
| Special charges | 21 | 10 | 61 | 52 | 46 | |
| Operating income | 1,071 | 1,060 | 963 | 864 | 1,015 | |
| Interest expense | 196 | 209 | 208 | 149 | 137 | |
| Other income, net | 38 | 47 | 44 | 98 | 17 | |
| Income from consolidated operations before income taxes | 913 | 898 | 799 | 813 | 896 | |
| Income tax expense | 196 | 184 | 175 | 169 | 193 | |
| Net income from consolidated operations | 717 | 714 | 624 | 644 | 703 | |
| Income from unconsolidated operations | 72 | 74 | 56 | 38 | 52 | |
| Net income | 789 | 789 | 681 | 682 | 755 | |
| Earnings per sharebasic (usd per share) | 2.94 | 2.94 | 2.54 | 2.54 | 2.83 | |
| Earnings per sharediluted (usd per share) | 2.93 | 2.92 | 2.52 | 2.52 | 2.8 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2022 2022-11-30 | FY 2021 2021-11-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 96 | 186 | 167 | 334 | 352 | |
| Trade accounts receivable, net of allowances | 629 | 587 | 588 | 574 | 550 | |
| Inventories | 1,272 | 1,240 | 1,127 | 1,340 | 1,182 | |
| Prepaid expenses and other current assets | 141 | 126 | 121 | 139 | 112 | |
| Total current assets | 2,138 | 2,139 | 2,002 | 2,387 | 2,196 | |
| Property, plant and equipment, net | 1,449 | 1,413 | 1,325 | 1,198 | 1,140 | |
| Goodwill | 5,301 | 5,228 | 5,260 | 5,213 | 5,336 | |
| Intangible assets, net | 3,293 | 3,319 | 3,357 | 3,388 | 3,453 | |
| Other long-term assets | 1,019 | 972 | 919 | 939 | 781 | |
| Total assets | 13,200 | 13,070 | 12,862 | 13,125 | 12,906 | |
| Short-term borrowings | 381 | 483 | 272 | 1,237 | 539 | |
| Current portion of long-term debt | 509 | 265 | 799 | 271 | 770 | |
| Trade accounts payable | 1,259 | 1,238 | 1,119 | 1,171 | 1,064 | |
| Other accrued liabilities | 912 | 896 | 908 | 754 | 850 | |
| Total current liabilities | 3,062 | 2,883 | 3,099 | 3,432 | 3,224 | |
| Long-term debt | 3,106 | 3,594 | 3,340 | 3,642 | 3,973 | |
| Deferred taxes | 836 | 841 | 861 | 866 | 792 | |
| Other long-term liabilities | 429 | 437 | 479 | 485 | 491 | |
| Total liabilities | 7,432 | 7,754 | 7,779 | 8,426 | 8,480 | |
| Retained earnings | 3,816 | 3,545 | 3,250 | 3,023 | 2,782 | |
| Accumulated other comprehensive loss | −363 | −491 | −389 | −481 | −427 | |
| Stockholders' Equity Attributable to Parent | 5,737 | 5,291 | 5,061 | 4,681 | 4,411 | |
| Non-controlling interests | 32 | 26 | 23 | 19 | 15 | |
| Total shareholders equity | 5,768 | 5,317 | 5,084 | 4,699 | 4,426 | |
| Total liabilities and shareholders equity | 13,200 | 13,070 | 12,862 | 13,125 | 12,906 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2022 2022-11-30 | FY 2021 2021-11-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 231 | 209 | 199 | 201 | 186 | |
| Stock-based compensation | 46 | 47 | 63 | 60 | 67 | |
| Loss on the sale of a business | 0 | 0 | 1 | −63 | 0 | |
| (Gain) loss on sale of assets | 0 | −2 | 200,000 | −500,000 | 200,000 | |
| Deferred income tax benefit | −7 | −30 | −5 | 22 | 36 | |
| Trade accounts receivable | −15 | −21 | 3 | −46 | −23 | |
| Inventories | 24 | −125 | 225 | −205 | −154 | |
| Trade accounts payable | 1 | 135 | −68 | 125 | 35 | |
| Other assets and liabilities | −94 | −73 | 109 | −130 | −81 | |
| Dividends received from unconsolidated affiliates | 58 | 67 | 85 | 34 | 35 | |
| Net cash flow provided by operating activities | 962 | 922 | 1,237 | 652 | 828 | |
| Acquisition of business | −34 | 0 | 0 | 0 | −706 | |
| Proceeds from sale of business | 0 | 0 | 1 | 95 | 0 | |
| Capital expenditures (including software) | −222 | −275 | −264 | −262 | −278 | |
| Other investing activities | 700,000 | 6 | 2 | 7 | 10 | |
| Net cash flow used in investing activities | −255 | −269 | −261 | −146 | −909 | |
| Short-term borrowings (repayments), net | −101 | 211 | −965 | 698 | −347 | |
| Long-term debt borrowings | 3 | 496 | 496 | 0 | 1,002 | |
| Payment of debt issuance costs | 0 | −1 | −1 | 0 | −2 | |
| Long-term debt repayments | −268 | −801 | −268 | −772 | −257 | |
| Proceeds from exercised stock options | 21 | 18 | 17 | 41 | 14 | |
| Taxes withheld and paid on employee stock awards | −13 | −9 | −11 | −19 | −15 | |
| Common stock acquired by purchase | −35 | −53 | −36 | −39 | −9 | |
| Dividends paid | −483 | −451 | −419 | −397 | −363 | |
| Other financing activities | 36 | 8 | 2 | 0 | 0 | |
| Net cash flow used in financing activities | −841 | −583 | −1,184 | −487 | 22 | |
| Effect of exchange rate changes on cash and cash equivalents | 44 | −50 | 40 | −36 | −14 | |
| Increase (decrease) in cash and cash equivalents | −90 | 20 | −167 | −18 | −72 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MCCORMICK & CO INC's CIK number?
MCCORMICK & CO INC's SEC CIK number is 0000063754 (63754). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MCCORMICK & CO INC's SEC filings?
All of MCCORMICK & CO INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MCCORMICK & CO INC last report earnings?
MCCORMICK & CO INC (MKC-V) most recently filed an earnings 8-K with the SEC on Jun 25, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000063754-26-000270). This is MCCORMICK & CO INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is MCCORMICK & CO INC's most recent earnings 8-K?
MCCORMICK & CO INC's latest earnings 8-K (Item 2.02) was filed Jun 25, 2026 under accession 0000063754-26-000270. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MCCORMICK & CO INC's latest earnings 8-K →
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