McCormick & Company, Incorporated (MKC) Quarterly Income Statement

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McCormick & Company, Incorporated (MKC) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MKC Income Statement

McCormick & Company, Incorporated (MKC) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	2.02B	1.94B	1.87B	1.85B	1.72B	1.66B	1.61B	1.8B	1.68B	1.64B	1.6B	1.75B	1.68B	1.66B	1.57B	1.7B	1.6B	1.54B	1.52B	1.73B
Revenue Growth %	17.39%	16.7%	16.72%	2.91%	2.68%	0.99%	0.17%	2.58%	-0.29%	-0.96%	2.38%	3.37%	5.58%	7.96%	2.83%	-2%	2.98%	-1.28%	2.76%	11.07%
Cost of Goods Sold	1.23B	1.16B	1.17B	1.13B	1.08B	1.04B	1B	1.08B	1.03B	1.02B	1B	1.05B	1.06B	1.04B	1B	1.07B	1.03B	1.01B	962M	1.03B
COGS % of Revenue	60.74%	59.82%	62.17%	61.07%	62.6%	62.47%	62.38%	59.83%	61.31%	62.29%	62.61%	59.99%	63.03%	62.9%	64.04%	63.18%	64.48%	65.97%	63.19%	59.38%
Gross Profit	794.9M	778.2M	708.9M	720.3M	645.1M	622.8M	604M	722.2M	649.9M	619.6M	599.3M	701.3M	622.8M	615.5M	562.9M	624.4M	566.7M	523M	560.4M	702.9M
Gross Margin %	39.26%	40.18%	37.83%	38.93%	37.4%	37.53%	37.62%	40.17%	38.69%	37.71%	37.39%	40.01%	36.97%	37.1%	35.96%	36.82%	35.52%	34.03%	36.81%	40.62%
Gross Profit Growth %	23.22%	24.95%	17.37%	-0.26%	-0.74%	0.52%	0.78%	2.98%	4.35%	0.67%	6.47%	12.32%	9.9%	17.69%	0.45%	-11.17%	-5.49%	-14.9%	-2.96%	6.39%
Operating Expenses	577.9M	501.8M	456.3M	409.2M	356.4M	377M	378.8M	416M	363.4M	385.5M	365.8M	404.1M	377.8M	393.7M	363.9M	360.1M	331.5M	365.8M	353.5M	426.7M
OpEx % of Revenue	28.54%	25.91%	24.35%	22.11%	20.66%	22.72%	23.59%	23.14%	21.63%	23.46%	22.82%	23.05%	22.43%	23.73%	23.24%	21.24%	20.78%	23.8%	23.22%	24.66%
Selling, General & Admin	436.4M	441.8M	456.3M	404.8M	352.5M	364.2M	378.8M	414.4M	361.5M	383.7M	361.6M	398M	371.7M	380.5M	336.1M	354M	325.7M	349.2M	333.3M	398.9M
SG&A % of Revenue	21.55%	22.81%	24.35%	21.88%	20.44%	21.95%	23.59%	23.05%	21.52%	23.35%	22.56%	22.71%	22.06%	22.93%	21.47%	20.88%	20.41%	22.72%	21.89%	23.05%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1000K	1000K	0	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	217M	276.4M	252.6M	311.1M	288.7M	245.8M	225.2M	306.2M	286.5M	234.1M	233.5M	297.2M	245M	221.8M	199M	264.3M	235.2M	157.2M	206.9M	276.2M
Operating Margin %	10.72%	14.27%	13.48%	16.81%	16.74%	14.81%	14.03%	17.03%	17.06%	14.25%	14.57%	16.96%	14.54%	13.37%	12.71%	15.59%	14.74%	10.23%	13.59%	15.96%
Operating Income Growth %	-24.84%	12.45%	12.17%	1.6%	0.77%	5%	-3.55%	3.03%	16.94%	5.55%	17.34%	12.45%	4.17%	41.09%	-3.82%	-4.31%	-11.31%	-33.78%	-12.44%	0.47%
EBITDA	293.6M	349.9M	315.6M	370.3M	349.9M	302.9M	279M	357.5M	341.1M	291.2M	279.3M	346.1M	298.8M	270.6M	246.8M	316.7M	285.2M	206.4M	255.9M	323.4M
EBITDA Margin %	14.5%	18.07%	16.84%	20.01%	20.29%	18.25%	17.38%	19.88%	20.31%	17.72%	17.43%	19.75%	17.74%	16.31%	15.76%	18.68%	17.87%	13.43%	16.81%	18.69%
EBITDA Growth %	-16.09%	15.52%	13.12%	3.58%	2.58%	4.02%	-0.11%	3.29%	14.16%	7.61%	13.17%	9.28%	4.77%	31.1%	-3.56%	-2.07%	-8.71%	-26.6%	-10.02%	2.34%
D&A (Non-Cash Add-back)	76.6M	73.5M	63M	59.2M	61.2M	57.1M	53.8M	51.3M	54.6M	57.1M	45.8M	48.9M	53.8M	48.8M	47.8M	52.4M	50M	49.2M	49M	47.2M
EBIT	222.9M	282.9M	232.3M	320.5M	298.1M	255.6M	235M	316.9M	299.7M	246.5M	244.6M	310.4M	252.1M	234.3M	210.1M	272.7M	312.6M	163.5M	213.1M	281.5M
Net Interest Income	-68.4M	-62.7M	-47.3M	-46.5M	-50.2M	-51M	-48.5M	-6.8M	-53.5M	-52.9M	-50.3M	-42.5M	-43.3M	-52.2M	-50.6M	-38.3M	-33.1M	-33.7M	-33.1M	-35.9M
Interest Income	0	0	0	0	0	0	0	45.9M	0	0	0	10.2M	9.4M	0	0	6.1M	4.8M	0	0	0
Interest Expense	68.4M	62.7M	47.3M	46.5M	50.2M	51M	48.5M	52.7M	53.5M	52.9M	50.3M	52.7M	52.7M	52.2M	50.6M	44.4M	37.9M	33.7M	33.1M	35.9M
Other Income/Expense	-62.5M	-56.2M	-67.6M	-37.1M	-40.8M	-41.2M	-38.7M	-42M	-40.3M	-40.5M	-17.9M	-20.8M	-32.2M	-29.4M	-25.5M	-25.4M	47M	-17M	-17.6M	-21.6M
Pretax Income	154.5M	220.2M	185M	274M	247.9M	204.6M	186.5M	264.2M	246.2M	193.6M	215.6M	276.4M	212.8M	192.4M	173.5M	238.9M	282.2M	140.2M	189.3M	254.6M
Pretax Margin %	7.63%	11.37%	9.87%	14.81%	14.37%	12.33%	11.62%	14.69%	14.66%	11.78%	13.45%	15.77%	12.63%	11.6%	11.08%	14.09%	17.69%	9.12%	12.43%	14.71%
Income Tax	49.9M	63.5M	48.7M	65.6M	39.3M	49.3M	41.6M	67.2M	41M	26.2M	49.6M	57.1M	42.7M	40.3M	34.4M	53.2M	59.3M	21.7M	34.4M	57.2M
Effective Tax Rate %	32.3%	28.84%	26.32%	23.94%	15.85%	24.1%	22.31%	25.44%	16.65%	13.53%	23.01%	20.66%	20.07%	20.95%	19.83%	22.27%	21.01%	15.48%	18.17%	22.47%
Net Income	97.6M	150.1M	1.02B	226.6M	225.5M	175M	162.3M	215.2M	223.1M	184.2M	166M	219.3M	170.1M	152.1M	139.1M	185.7M	222.9M	118.5M	154.9M	197.4M
Net Margin %	4.82%	7.75%	54.23%	12.25%	13.07%	10.55%	10.11%	11.97%	13.28%	11.21%	10.36%	12.51%	10.1%	9.17%	8.89%	10.95%	13.97%	7.71%	10.17%	11.41%
Net Income Growth %	-56.72%	-14.23%	526.12%	5.3%	1.08%	-4.99%	-2.23%	-1.87%	31.16%	21.1%	19.34%	18.09%	-23.69%	28.35%	-10.2%	-5.93%	4.94%	-35.49%	-4.26%	-1.64%
Net Income (Continuing)	104.6M	156.7M	136.3M	208.4M	208.6M	155.3M	144.9M	197M	205.2M	167.4M	166M	219.3M	170.1M	152.1M	139.1M	185.7M	222.9M	118.5M	154.9M	197.4M
Discontinued Operations	0	0	1000K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	583.8M	577.7M	575.8M	31.6M	30.8M	29M	26.7M	25.8M	29.5M	26.8M	24.9M	22.8M	20.8M	19.9M	17.6M	18.7M	17.4M	16.9M	16.5M	14.5M
EPS (Diluted)	0.36	0.56	3.77	0.84	0.84	0.65	0.60	0.80	0.83	0.68	0.62	0.81	0.63	0.56	0.52	0.69	0.82	0.44	0.57	0.73
EPS Growth %	-57.14%	-13.85%	528.33%	5%	1.2%	-4.41%	-3.23%	-1.23%	31.75%	21.43%	19.23%	17.39%	-23.17%	27.27%	-8.77%	-5.48%	3.8%	-35.29%	-5%	-1.35%
EPS (Basic)	0.36	0.56	3.78	0.85	0.84	0.65	0.60	0.80	0.83	0.69	0.62	0.82	0.63	0.57	0.52	0.69	0.83	0.44	0.58	0.74
Diluted Shares Outstanding	269.4M	269.2M	269.4M	269.4M	269.3M	269.4M	269.5M	269.7M	269.7M	269.7M	269.6M	269.6M	270.1M	269.8M	269.8M	270.2M	270.2M	270.5M	270.5M	270M
Basic Shares Outstanding	269.3M	269.2M	268.8M	268.5M	268.6M	268.6M	268.3M	268.4M	268.6M	268.6M	268.4M	268.4M	268.4M	268.4M	268.2M	268.25M	268.3M	268.3M	267.8M	267.4M
Dividend Payout Ratio	132.27%	85.94%	12.68%	53.31%	53.53%	69.03%	74.37%	52.37%	50.56%	61.24%	67.89%	47.74%	61.49%	68.77%	75.2%	53.42%	44.55%	83.71%	63.91%	46.05%