McCormick & Company, Incorporated manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and VahinΓ© brands in Europe, the Middle East, and Africa; and McCormick and DaQiao brands in the Asia/Pacific, as well as markets desserts under the Aeroplane brand and packaged chilled herbs under the Gourmet Garden brand name; and markets authentic regional brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors, wholesale foodservice suppliers, and e-commerce. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.8B | $1.3B | $789M | $740M | 13.8% | 1.7% | 0.1% |
| 2024 | $6.7B | $1.3B | $789M | $647M | 14.9% | 0.9% | 15.9% |
| 2023 | $6.7B | $1.2B | $681M | $973M | 13.4% | 4.9% | -0.2% |
| 2022 | $6.4B | $1.2B | $682M | $390M | 14.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 6,350.50 | 6,662.20 | 6,723.70 | 6,840.30 |
| Cost Of Revenue | - | 4,076 | 4,159.70 | 4,132.70 | 4,248.10 |
| Gross Profit | - | 2,274.50 | 2,502.50 | 2,591 | 2,592.20 |
| Operating Expense | - | 1,357.10 | 1,478.30 | 1,521.20 | 1,500.30 |
| Operating Income | - | 917.40 | 1,024.20 | 1,069.80 | 1,091.90 |
| EBITDA | - | 1,162.50 | 1,206.20 | 1,316.50 | 1,340.50 |
| EBIT | - | 961.90 | 1,006.90 | 1,107.70 | 1,109.20 |
| Pretax Income | - | 812.80 | 798.70 | 898.30 | 913 |
| Tax Provision | - | 168.60 | 174.50 | 184 | 195.80 |
| Net Income | - | 682 | 680.60 | 788.50 | 789.40 |
| Net Income Common Stockholders | - | 682 | 680.60 | 788.50 | 789.40 |
| Total Expenses | - | 5,433.10 | 5,638 | 5,653.90 | 5,748.40 |
| Interest Expense | - | 149.10 | 208.20 | 209.40 | 196.20 |
| Interest Income | - | 17.80 | 36.60 | 45.90 | 40.10 |
| Selling General And Administration | - | 1,357.10 | 1,478.30 | 1,521.20 | 1,500.30 |
| Normalized EBITDA | - | 1,166.70 | 1,267.40 | 1,326 | 1,361.60 |
| Normalized Income | - | 685.33 | 728.43 | 796.05 | 805.98 |
| Market Cap | 13,853.49 | 13,853.49 | 13,853.49 | 13,853.49 | 13,853.49 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| McCormick & Company, Incorporatedthis co. | MKC | $13.8B | 17.55β discount | 2.41 | 13.8% | 13.37 |
| Kimberly-Clark Corporation | KMB | $32.5B | 16.07 | 21.62 | 134.6% | 12.56 |
| Church & Dwight Co., Inc. | CHD | $23.0B | 30.55 | 5.62 | 18.4% | 18.70 |
| Tyson Foods, Inc. | TSN | $22.1B | 47.56 | 1.25 | 2.6% | 11.69 |
| Dollar Tree, Inc. | DLTR |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $21.4B |
| 15.96 |
| 5.45 |
| 34.2% |
| 11.34 |
| Bunge Global SA | BG | $20.6B | 29.67 | 1.52 | 5.1% | 15.79 |
| General Mills, Inc. | GIS | $19.5B | 8.13 | 2.03 | 24.9% | 8.56 |
| Brown-Forman Corporation | BF-B | $13.4B | 14.94 | 3.25 | 21.8% | 11.84 |
| Hormel Foods Corporation | HRL | $11.8B | 24.80 | 1.50 | 6.1% | 13.97 |
| Peer Median | - | 20.43 | 2.64 | 20.1% | 12.20 | |