See more : Covista Communications, Inc. (CVST) Income Statement Analysis – Financial Results
Complete financial analysis of McCormick & Company, Incorporated (MKC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of McCormick & Company, Incorporated, a leading company in the Packaged Foods industry within the Consumer Defensive sector.
You may be interested
- Hon Hai Precision Industry Co., Ltd. (2317.TW) Income Statement Analysis – Financial Results
- Yi Shin Textile Industrial Co., Ltd. (4440.TW) Income Statement Analysis – Financial Results
- ICBS, Ltd. (ICBT) Income Statement Analysis – Financial Results
- Home Energy Savings Corp. (HESV) Income Statement Analysis – Financial Results
- Big Sky Growth Partners, Inc. (BSKYU) Income Statement Analysis – Financial Results
McCormick & Company, Incorporated (MKC)
About McCormick & Company, Incorporated
McCormick & Company, Incorporated manufactures, markets, and distributes 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, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic 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 and wholesale foodservice suppliers. 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.66B | 6.35B | 6.32B | 5.60B | 5.35B | 5.30B | 4.83B | 4.41B | 4.30B | 4.24B | 4.12B | 4.01B | 3.70B | 3.34B | 3.19B | 3.18B | 2.92B | 2.72B | 2.59B | 2.53B | 2.27B | 2.32B | 2.37B | 2.12B | 2.01B | 1.88B | 1.80B | 1.73B | 1.86B | 1.69B | 1.56B | 1.47B | 1.43B | 1.32B | 1.25B | 1.18B | 1.08B | 975.70M | 873.00M |
| Cost of Revenue | 4.16B | 4.08B | 3.82B | 3.30B | 3.20B | 3.21B | 2.82B | 2.58B | 2.56B | 2.51B | 2.46B | 2.40B | 2.18B | 1.92B | 1.86B | 1.89B | 1.72B | 1.60B | 1.56B | 1.52B | 1.37B | 1.46B | 1.40B | 1.26B | 1.23B | 1.18B | 1.12B | 1.06B | 1.15B | 1.00B | 902.90M | 843.60M | 846.00M | 801.60M | 771.10M | 1.08B | 677.60M | 605.30M | 536.30M |
| Gross Profit | 2.50B | 2.27B | 2.49B | 2.30B | 2.15B | 2.09B | 2.01B | 1.83B | 1.74B | 1.73B | 1.67B | 1.62B | 1.52B | 1.42B | 1.33B | 1.29B | 1.19B | 1.11B | 1.04B | 1.01B | 898.60M | 856.60M | 972.30M | 866.10M | 774.60M | 703.70M | 678.00M | 668.30M | 710.90M | 690.70M | 653.70M | 627.80M | 581.90M | 521.40M | 475.00M | 105.80M | 400.90M | 370.40M | 336.70M |
| Gross Profit Ratio | 37.56% | 35.82% | 39.48% | 41.07% | 40.12% | 39.40% | 41.58% | 41.52% | 40.44% | 40.78% | 40.40% | 40.30% | 41.18% | 42.49% | 41.58% | 40.55% | 40.87% | 41.03% | 39.99% | 39.90% | 39.59% | 36.92% | 40.97% | 40.79% | 38.60% | 37.41% | 37.65% | 38.57% | 38.25% | 40.75% | 42.00% | 42.67% | 40.75% | 39.41% | 38.12% | 8.94% | 37.17% | 37.96% | 38.57% |
| Research & Development | 94.90M | 87.50M | 87.30M | 68.60M | 67.30M | 69.40M | 66.10M | 61.00M | 60.80M | 62.00M | 61.30M | 57.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.13B | 1.12B | 1.17B | 1.28B | 1.17B | 1.43B | 1.24B | 1.18B | 1.13B | 1.12B | 1.09B | 1.04B | 982.20M | 907.90M | 846.60M | 870.60M | 806.90M | 772.60M | 681.90M | 677.70M | 597.60M | 570.90M | 719.90M | 578.70M | 522.30M | 463.80M | 461.00M | 453.10M | 446.10M | 429.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 247.10M | 240.40M | 237.80M | 230.30M | 214.60M | -270.30M | 172.50M | 343.40M | 336.40M | 326.90M | 304.70M | 293.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.38B | 1.36B | 1.40B | 1.28B | 1.17B | 1.16B | 1.24B | 1.18B | 1.13B | 1.12B | 1.09B | 1.04B | 982.20M | 907.90M | 846.60M | 870.60M | 806.90M | 772.60M | 681.90M | 677.70M | 597.60M | 570.90M | 719.90M | 578.70M | 522.30M | 463.80M | 461.00M | 453.10M | 446.10M | 429.50M | 422.70M | 416.80M | 395.80M | 357.70M | 338.20M | 0.00 | 305.20M | 271.40M | 247.90M |
| Other Expenses | 61.20M | 30.90M | 8.00M | 10.70M | 5.90M | 8.50M | -18.70M | -11.50M | -60.40M | -4.10M | -22.80M | 2.40M | 0.00 | 0.00 | 0.00 | 29.00M | 0.00 | 0.00 | 11.20M | -2.50M | 5.50M | 8.00M | 10.80M | 61.30M | 57.40M | 54.80M | 49.30M | 63.80M | 63.70M | 62.50M | 50.50M | 43.80M | 40.50M | 36.60M | 34.80M | 27.50M | 32.60M | 32.10M | 28.20M |
| Operating Expenses | 1.54B | 1.36B | 1.40B | 1.28B | 1.17B | 1.16B | 1.24B | 1.18B | 1.13B | 1.12B | 1.09B | 1.04B | 982.20M | 907.90M | 846.60M | 899.60M | 806.90M | 772.60M | 693.10M | 675.20M | 603.10M | 578.90M | 730.70M | 640.00M | 579.70M | 518.60M | 510.30M | 516.90M | 509.80M | 492.00M | 473.20M | 460.60M | 436.30M | 394.30M | 373.00M | 27.50M | 337.80M | 303.50M | 276.10M |
| Cost & Expenses | 5.70B | 5.43B | 5.23B | 4.58B | 4.37B | 4.37B | 4.07B | 3.75B | 3.69B | 3.64B | 3.55B | 3.44B | 3.16B | 2.83B | 2.71B | 2.79B | 2.53B | 2.37B | 2.25B | 2.19B | 1.97B | 2.04B | 2.13B | 1.90B | 1.81B | 1.70B | 1.63B | 1.58B | 1.66B | 1.50B | 1.38B | 1.30B | 1.28B | 1.20B | 1.14B | 1.11B | 1.02B | 908.80M | 812.40M |
| Interest Income | 36.60M | 17.80M | 9.30M | 7.80M | 155.10M | 7.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 208.20M | 149.10M | 136.60M | 135.60M | 165.20M | 174.60M | 90.00M | 56.00M | 53.30M | 49.70M | 53.30M | 54.60M | 51.20M | 49.30M | 52.80M | 56.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 199.30M | 200.60M | 186.30M | 165.00M | 158.80M | 150.70M | 125.20M | 108.70M | 105.90M | 102.70M | 106.00M | 102.80M | 98.30M | 95.10M | 94.30M | 85.60M | 82.60M | 86.80M | 74.60M | 72.00M | 65.30M | 66.80M | 73.00M | 61.30M | 57.40M | 54.80M | 49.30M | 63.80M | 63.70M | 62.50M | 50.50M | 43.80M | 40.50M | 36.60M | 34.80M | 27.50M | 32.60M | 32.10M | 28.20M |
| EBITDA | 1.21B | 1.19B | 1.23B | 1.19B | 1.14B | 1.07B | 816.20M | 755.20M | 660.30M | 711.60M | 662.40M | 686.80M | 644.40M | 610.60M | 566.30M | 480.10M | 444.50M | 363.50M | 418.10M | 404.70M | 360.80M | 315.80M | 280.30M | 286.30M | 252.30M | 239.90M | 217.00M | 215.20M | 264.80M | 261.20M | 231.00M | 211.00M | 186.10M | 163.70M | 136.80M | 105.80M | 95.70M | 99.00M | 88.80M |
| EBITDA Ratio | 18.11% | 18.37% | 20.48% | 21.33% | 21.38% | 17.70% | 17.72% | 17.09% | 15.25% | 16.66% | 15.97% | 17.03% | 17.27% | 15.28% | 18.01% | 15.66% | 16.81% | 17.20% | 15.75% | 15.26% | 14.84% | 14.20% | 12.69% | 12.70% | 12.53% | 12.19% | 11.00% | 15.32% | 14.06% | 19.72% | 14.15% | 14.20% | 12.64% | 11.60% | 9.94% | 8.08% | 7.32% | 9.80% | 9.60% |
| Operating Income | 963.00M | 863.60M | 1.02B | 999.50M | 957.70M | 891.10M | 702.40M | 641.00M | 548.40M | 603.00M | 550.50M | 578.30M | 540.30M | 509.80M | 466.90M | 376.50M | 354.20M | 269.60M | 343.50M | 332.70M | 295.50M | 277.70M | 240.60M | 226.10M | 194.90M | 185.10M | 167.70M | 151.40M | 201.10M | 198.70M | 180.50M | 167.20M | 145.60M | 127.10M | 102.00M | 78.30M | 63.10M | 66.90M | 60.60M |
| Operating Income Ratio | 14.45% | 13.60% | 16.07% | 17.84% | 17.91% | 16.80% | 14.53% | 14.53% | 12.76% | 14.21% | 13.35% | 14.41% | 14.61% | 15.28% | 14.63% | 11.85% | 12.15% | 9.92% | 13.25% | 13.17% | 13.02% | 11.97% | 10.14% | 10.65% | 9.71% | 9.84% | 9.31% | 8.74% | 10.82% | 11.72% | 11.60% | 11.36% | 10.20% | 9.61% | 8.19% | 6.61% | 5.85% | 6.86% | 6.94% |
| Total Other Income/Expenses | -164.30M | -50.80M | -119.30M | -118.00M | -138.50M | -149.80M | -105.00M | -51.80M | -52.20M | -48.60M | -51.10M | -52.20M | -48.90M | -47.10M | -61.30M | -38.70M | -74.10M | -131.19M | -47.80M | -38.90M | -25.50M | -38.50M | -44.60M | -20.90M | -31.50M | -26.40M | -17.60M | -84.00M | -51.90M | -111.70M | -20.30M | -28.90M | -21.90M | -19.10M | -20.00M | -19.90M | -14.20M | -15.70M | -14.70M |
| Income Before Tax | 798.70M | 812.80M | 895.80M | 881.50M | 819.20M | 741.30M | 594.80M | 589.20M | 496.20M | 554.40M | 499.40M | 526.10M | 491.40M | 462.70M | 416.50M | 337.80M | 302.40M | 223.00M | 295.70M | 293.80M | 270.00M | 234.80M | 190.40M | 204.10M | 163.40M | 158.70M | 150.10M | 67.40M | 149.20M | 87.00M | 160.20M | 138.30M | 123.70M | 108.00M | 82.00M | 58.40M | 48.90M | 51.20M | 45.90M |
| Income Before Tax Ratio | 11.99% | 12.80% | 14.18% | 15.74% | 15.32% | 13.98% | 12.30% | 13.36% | 11.55% | 13.07% | 12.11% | 13.11% | 13.29% | 13.87% | 13.05% | 10.63% | 10.37% | 8.21% | 11.41% | 11.63% | 11.90% | 10.12% | 8.02% | 9.61% | 8.14% | 8.44% | 8.33% | 3.89% | 8.03% | 5.13% | 10.29% | 9.40% | 8.66% | 8.16% | 6.58% | 4.93% | 4.53% | 5.25% | 5.26% |
| Income Tax Expense | 174.50M | 168.60M | 192.70M | 174.90M | 157.40M | -157.30M | 151.30M | 153.00M | 131.30M | 145.90M | 133.60M | 139.80M | 142.60M | 118.00M | 133.00M | 100.60M | 92.20M | 64.70M | 96.70M | 89.00M | 83.40M | 74.30M | 62.90M | 66.60M | 60.10M | 54.90M | 52.70M | 23.90M | 53.70M | 33.80M | 60.50M | 53.00M | 42.80M | 38.60M | 29.50M | 22.80M | 18.30M | 21.50M | 18.10M |
| Net Income | 680.60M | 682.00M | 755.30M | 747.40M | 702.70M | 933.40M | 477.40M | 472.30M | 401.60M | 437.90M | 389.00M | 407.80M | 374.20M | 370.20M | 299.80M | 255.80M | 230.10M | 202.20M | 214.90M | 214.50M | 210.80M | 179.80M | 146.60M | 137.50M | 103.30M | 103.80M | 98.40M | 41.90M | 97.60M | 61.10M | 73.10M | 95.20M | 80.90M | 69.40M | 52.50M | 36.30M | 30.60M | 29.70M | 27.80M |
| Net Income Ratio | 10.22% | 10.74% | 11.95% | 13.34% | 13.14% | 17.60% | 9.88% | 10.71% | 9.35% | 10.32% | 9.43% | 10.16% | 10.12% | 11.09% | 9.39% | 8.05% | 7.89% | 7.44% | 8.29% | 8.49% | 9.29% | 7.75% | 6.18% | 6.48% | 5.15% | 5.52% | 5.46% | 2.42% | 5.25% | 3.61% | 4.70% | 6.47% | 5.67% | 5.25% | 4.21% | 3.07% | 2.84% | 3.04% | 3.18% |
| EPS | 2.54 | 2.54 | 2.83 | 2.80 | 2.65 | 3.55 | 1.88 | 1.87 | 1.57 | 1.69 | 1.47 | 1.54 | 1.41 | 1.39 | 1.15 | 0.99 | 0.89 | 0.77 | 0.80 | 0.78 | 0.76 | 0.64 | 0.53 | 0.50 | 0.36 | 0.36 | 0.39 | 0.13 | 0.30 | 0.19 | 0.23 | 0.30 | 0.25 | 0.22 | 0.16 | 0.10 | 0.08 | 0.08 | 0.07 |
| EPS Diluted | 2.52 | 2.52 | 2.80 | 2.78 | 2.62 | 3.50 | 1.86 | 1.84 | 1.55 | 1.67 | 1.46 | 1.52 | 1.39 | 1.37 | 1.13 | 0.97 | 0.86 | 0.75 | 0.78 | 0.76 | 0.74 | 0.63 | 0.52 | 0.49 | 0.36 | 0.35 | 0.39 | 0.13 | 0.30 | 0.19 | 0.23 | 0.30 | 0.25 | 0.22 | 0.16 | 0.10 | 0.08 | 0.08 | 0.07 |
| Weighted Avg Shares Out | 268.40M | 268.20M | 267.30M | 266.50M | 265.20M | 263.10M | 253.60M | 253.20M | 256.00M | 259.80M | 264.20M | 265.40M | 265.40M | 265.80M | 261.60M | 258.00M | 258.54M | 264.31M | 268.63M | 273.25M | 279.21M | 278.76M | 275.70M | 275.00M | 284.97M | 292.39M | 255.37M | 312.82M | 324.72M | 324.82M | 324.00M | 321.23M | 318.73M | 319.46M | 331.66M | 360.45M | 373.34M | 385.92M | 392.00M |
| Weighted Avg Shares Out (Dil) | 269.80M | 270.20M | 269.90M | 269.10M | 268.20M | 266.50M | 256.80M | 256.00M | 258.40M | 262.00M | 267.20M | 268.60M | 268.60M | 269.40M | 264.60M | 263.60M | 266.01M | 269.60M | 275.51M | 282.24M | 284.86M | 285.40M | 280.11M | 277.78M | 288.95M | 294.47M | 255.37M | 312.82M | 324.72M | 324.82M | 324.00M | 321.23M | 318.73M | 319.46M | 331.66M | 360.45M | 373.34M | 385.92M | 392.00M |
Chaffetz weighs in on McCormick Senate orientation snub: What is Schumer going to do?
Fox News contributor Jason Chaffetz discusses a FEMA worker's anti-Trump memo, Trump tapping Tom Homan as the next border czar and Senator-elect David McCormick planning to attend Senate orientation despite not receiving an invite.
My Best Dividend Aristocrats For November 2024
The ProShares S&P 500 Dividend Aristocrats ETF went on a great run during Q3, gaining 11.6% during the quarter. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 39 months of tracking...
McCormick CEO: Consumers want value, but won't sacrifice flavor
McCormick (MKC) held their investor day on Tuesday to discuss the company's long-term objectives. "We spend a lot of time making sure investors understand that we're a very different kind of food company.
McCormick & Company is Advancing its Leadership and Differentiation in Flavor
The Company Reaffirmed its 2024 Guidance and Provided Expectations for 2028 HUNT VALLEY, Md. , Oct. 23, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, yesterday held an Investor Day at the company's Global...
McCormick CEO on the state of the consumer, 'swicy' items and growth drivers
Brendan Foley, McCormick CEO, joins 'Power Lunch' to discuss the state of the consumer, 'swicy' items and the company's growth drivers.
McCormick & Company Announces Investor Day Details
HUNT VALLEY, Md. , Oct. 17, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will host an Investor Day on Tuesday, October 22, 2024, at McCormick's Global Headquarters in Hunt Valley, Maryland.
2 Overlooked and Unloved Dividend Stocks to Buy and Hold Forever
Here are two stocks that have underperformed the S&P 500 but are positioned to rebound and offer a solid dividend.
These brands could be hit the hardest by port strike: BofA's Peter Galbo
Peter Galbo, BofA Securities analyst, joins CNBC's 'The Exchange' to discuss the impact of the ongoing strike at East and Gulf Coast ports, how long his firm thinks the strike will last, and more.
These consumer-staples stocks could take a hit from the port strike
The dockworkers' strike could impact a number of names in the consumer-staples space, warns Bank of America.
McCormick: Valuation Already Pricing In Normalized EPS Growth
McCormick & Co. benefits from the food-at-home trend, boosting demand for seasonings, but faces challenges in the Flavor Solutions segment due to a weak quick-service restaurant outlook. MKC's valuation is concerning at 27.4x forward PE, with consensus assuming normalized EPS...
Source: https://incomestatements.info
Category: Stock Reports