Last 47 quarters of trend data · Consumer Defensive · Packaged Foods
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
McCormick & Company, Incorporated's quarterly P/E stands at 20.1x, down 18.0% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.35 | 20.08 | 20.94 | 27.97 | 34.42 | 24.50 | 24.11 | 26.55 | 27.77 | 20.01 | 32.57 | 38.27 | 35.73 |
| — | -18.0% | -13.1% | +5.4% | +24.0% | +22.5% | -26.0% | -30.6% | -22.3% | -35.2% | +27.1% | -27.4% | -14.4% | |
| P/S Ratio | 1.78 | 2.46 | 2.75 | 2.95 | 3.47 | 2.94 | 3.21 | 2.96 | 2.90 | 2.49 | 3.29 | 3.49 | 3.20 |
| — | -16.5% | -14.5% | -0.4% | +19.7% | +18.0% | -2.4% | -15.0% | -9.6% | -26.5% | -7.6% | -14.6% | -24.3% | |
| P/B Ratio | 2.24 | 3.15 | 3.28 | 3.48 | 4.09 | 3.98 | 3.96 | 3.64 | 3.53 | 3.44 | 4.37 | 4.67 | 4.10 |
| — | -20.8% | -17.2% | -4.3% | +15.7% | +15.7% | -9.4% | -22.0% | -13.9% | -29.8% | -11.3% | -14.1% | -26.5% | |
| P/FCF | 16.40 | 9.91 | 13.76 | — | 70.99 | 14.17 | 52.54 | 51.37 | 60.75 | 8.73 | 28.09 | 24.74 | 119.64 |
| — | -30.0% | -73.8% | — | +16.9% | +62.3% | +87.0% | +107.6% | -49.2% | -53.5% | -84.9% | -69.0% | — | |
| EV / EBITDA | 12.12 | 17.22 | 16.59 | 19.75 | 23.72 | 17.81 | 19.03 | 20.41 | 20.45 | 15.82 | 22.42 | 25.74 | 25.22 |
| — | -3.3% | -12.9% | -3.3% | +16.0% | +12.6% | -15.1% | -20.7% | -18.9% | -28.4% | -7.8% | -29.4% | -16.1% | |
| EV / EBIT | 14.69 | 17.22 | 19.47 | 23.40 | 28.16 | 20.09 | 21.66 | 24.11 | 23.35 | 17.64 | 26.57 | 29.73 | 29.63 |
| — | -14.3% | -10.1% | -3.0% | +20.6% | +13.9% | -18.5% | -18.9% | -21.2% | -31.3% | +19.8% | -35.4% | -17.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
McCormick & Company, Incorporated's operating margin was 17.1% in Q4 2025, up 0.3 pp QoQ and up 0.0 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 15.7% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 3.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.9% | 38.9% | 37.4% | 37.5% | 37.6% | 40.2% | 38.7% | 37.7% | 37.4% | 40.0% | 37.0% | 37.1% | 36.0% |
| — | -3.1% | -3.3% | -0.5% | +0.6% | +0.4% | +4.7% | +1.6% | +4.0% | +8.7% | +4.1% | +9.0% | -2.3% | |
| Operating Margin | 16.0% | 17.1% | 16.7% | 14.8% | 14.0% | 17.0% | 17.1% | 14.2% | 14.6% | 17.0% | 14.5% | 13.4% | 12.7% |
| — | +0.1% | -1.9% | +4.0% | -3.7% | +0.4% | +17.3% | +6.6% | +14.6% | +8.8% | -1.3% | +30.7% | -6.5% | |
| Net Margin | 11.5% | 12.2% | 13.1% | 10.5% | 10.1% | 12.0% | 13.3% | 11.2% | 10.4% | 12.5% | 10.1% | 9.2% | 8.9% |
| — | +2.3% | -1.6% | -5.9% | -2.4% | -4.3% | +31.5% | +22.3% | +16.6% | +14.2% | -27.7% | +18.9% | -12.7% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.2% | 3.9% | 4.0% | 3.2% | 3.0% | 4.0% | 4.1% | 3.5% | 3.2% | 4.3% | 3.4% | 3.1% | 2.9% |
| — | -1.8% | -4.3% | -9.0% | -6.1% | -7.5% | +21.7% | +12.4% | +10.6% | +8.2% | -29.8% | +20.3% | -15.3% | |
| ROA | 6.0% | 1.7% | 1.7% | 1.3% | 1.2% | 1.6% | 1.7% | 1.4% | 1.3% | 1.7% | 1.3% | 1.2% | 1.1% |
| — | +4.6% | +0.1% | -5.8% | -3.0% | -3.5% | +29.7% | +22.2% | +22.0% | +19.1% | -23.7% | +27.3% | -11.8% | |
| ROIC | 8.5% | 2.4% | 2.2% | 1.9% | 1.8% | 2.4% | 2.2% | 1.8% | 1.8% | 2.3% | 1.9% | 1.7% | 1.5% |
| — | +1.8% | -1.8% | +2.7% | -4.8% | +1.6% | +16.3% | +6.9% | +19.7% | +13.1% | +3.6% | +40.1% | -5.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
McCormick & Company, Incorporated's Debt/EBITDA ratio is 12.5x — elevated, raising questions about debt serviceability. The current ratio has weakened 5.9% YoY to 0.70x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.69 | 0.69 | 0.75 | 0.79 | 0.79 | 0.85 | 0.84 | 0.83 | 0.85 | 0.90 | 0.94 | 0.98 | 1.07 |
| — | -18.3% | -10.5% | -5.1% | -6.8% | -6.1% | -10.7% | -15.0% | -20.4% | -20.3% | -19.0% | -15.5% | -8.5% | |
| Debt / EBITDA | 3.02 | 12.47 | 12.46 | 14.71 | 15.44 | 12.61 | 13.45 | 15.33 | 15.96 | 13.27 | 15.99 | 17.97 | 21.09 |
| — | -1.1% | -7.4% | -4.1% | -3.2% | -4.9% | -15.9% | -14.7% | -24.3% | -21.1% | -15.0% | -30.8% | +0.5% | |
| Current Ratio | 0.70 | 0.70 | 0.71 | 0.68 | 0.65 | 0.74 | 0.71 | 0.69 | 0.68 | 0.65 | 0.67 | 0.85 | 0.73 |
| — | -5.9% | -0.1% | -1.9% | -4.5% | +14.9% | +6.4% | -18.0% | -6.4% | -7.1% | -12.7% | +14.0% | -0.2% | |
| Quick Ratio | 0.28 | 0.28 | 0.29 | 0.27 | 0.25 | 0.31 | 0.32 | 0.31 | 0.30 | 0.28 | 0.28 | 0.33 | 0.32 |
| — | -9.3% | -9.4% | -11.7% | -17.4% | +10.4% | +12.0% | -8.3% | -6.8% | -7.4% | -13.5% | +6.4% | -0.7% | |
| Interest Coverage | 5.57 | 6.78 | 5.75 | 4.82 | 4.64 | 5.81 | 5.36 | 4.43 | 4.64 | 5.64 | 4.65 | 4.25 | 3.93 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying MKC stock.
McCormick & Company, Incorporated's current P/E is 16.3x. The average P/E over the last 4 quarters is 25.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
McCormick & Company, Incorporated's current operating margin is 16.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking McCormick & Company, Incorporated's business trajectory between earnings reports.