MKC Chart
About

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 Vahiné 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.

Fundamentals
Scroll to Statements
Sector Consumer Defensive Industry Packaged Foods Market Cap 17.23B
Enterprise Value 21.39B Income 789.40M Sales 6.84B
Book/sh 21.37 Cash/sh 0.36 Dividend Yield 299.00%
Payout 61.43% Employees 14100 IPO —
P/E 21.90 Forward P/E 19.09 PEG —
P/S 2.52 P/B 3.00 P/C —
EV/EBITDA 16.38 EV/Sales 3.13 Quick Ratio 0.24
Current Ratio 0.70 Debt/Eq 73.21 LT Debt/Eq —
EPS (ttm) 2.93 EPS next Y 3.36 EPS Growth 6.40%
Revenue Growth 2.90% Earnings 2026-03-31 ROA 5.23%
ROE 14.24% ROIC — Gross Margin 37.93%
Oper. Margin 17.18% Profit Margin 11.54% Shs Outstand 253.59M
Shs Float 265.04M Short Float — Short Ratio 2.74
Short Interest — 52W High 84.38 52W Low 59.62
Beta 0.57 Avg Volume 3.65M Volume 2.06M
Target Price $73.85 Recom Buy Prev Close $64.85
Price $64.18 Change -1.03%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$73.85
Mean price target
2. Current target
$64.18
Latest analyst target
3. DCF / Fair value
$40.07
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$64.18
Low
$65.00
High
$85.00
Mean
$73.85

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-26 main Barclays Equal-Weight → Equal-Weight $67
2026-01-23 main UBS Neutral → Neutral $67
2026-01-23 main Stifel Hold → Hold $65
2025-10-08 main Deutsche Bank Hold → Hold $71
2025-10-08 main Stifel Hold → Hold $71
2025-10-08 main Jefferies Buy → Buy $78
2025-10-08 main UBS Neutral → Neutral $70
2025-10-08 main Barclays Equal-Weight → Equal-Weight $72
2025-10-08 main Bernstein Outperform → Outperform $93
2025-10-01 main UBS Neutral → Neutral $71
2025-09-25 main JP Morgan Overweight → Overweight $82
2025-08-22 main UBS Neutral → Neutral $79
2025-08-20 up JP Morgan Underweight → Overweight $83
2025-07-29 main Stifel Hold → Hold $76
2025-06-17 main Citigroup Neutral → Neutral $77
2025-06-16 init UBS — → Neutral $83
2025-01-27 main Barclays Equal-Weight → Equal-Weight $82
2025-01-24 main JP Morgan Underweight → Underweight $69
2025-01-15 main JP Morgan Underweight → Underweight $66
2025-01-08 up TD Cowen Hold → Buy $90
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 50000 3293000.0 — Sale at price 65.86 per share. KURZIUS LAWRENCE ERIK Beneficial Owner of more than 10% of a Class of Security — 2025-10-08 00:00:00 D
1 50000 2498000.0 — Conversion of Exercise of derivative security at price 49.96 per share. KURZIUS LAWRENCE ERIK Beneficial Owner of more than 10% of a Class of Security — 2025-10-08 00:00:00 D
2 1344 nan — — RODKIN GARY M Director — 2025-03-14 00:00:00 D
3 1344 nan — — THOMAS TERRY S. Director — 2025-03-14 00:00:00 D
4 711 nan — — REPAS GREGORY Officer — 2025-03-14 00:00:00 D
5 319 nan — — JENKINS KATHERINE Officer — 2025-03-14 00:00:00 D
6 7150 550764.0 — Sale at price 77.03 per share. PRESTON MARGARET M V Director — 2025-02-13 00:00:00 D
7 1626 — — Stock Award(Grant) at price 0.00 per share. REPAS GREGORY Officer — 2025-01-27 00:00:00 D
8 2259 — — Stock Award(Grant) at price 0.00 per share. SANCHEZ ANA Officer — 2025-01-27 00:00:00 D
9 2325 — — Stock Gift at price 0.00 per share. SMITH MICHAEL R Officer — 2024-12-20 00:00:00 D
Financials
Line Item2025-11-302024-11-302023-11-302022-11-30
TaxEffectOfUnusualItems-4.52M-1.95M-13.37M-869.40K
TaxRateForCalcs0.210.200.220.21
NormalizedEBITDA1.36B1.33B1.27B1.17B
TotalUnusualItems-21.10M-9.50M-61.20M-4.20M
TotalUnusualItemsExcludingGoodwill-21.10M-9.50M-61.20M-4.20M
NetIncomeFromContinuingOperationNetMinorityInterest789.40M788.50M680.60M682.00M
ReconciledDepreciation231.30M208.80M199.30M200.60M
ReconciledCostOfRevenue4.25B4.13B4.16B4.08B
EBITDA1.34B1.32B1.21B1.16B
EBIT1.11B1.11B1.01B961.90M
NetInterestIncome-156.10M-163.50M-171.60M-131.30M
InterestExpense196.20M209.40M208.20M149.10M
InterestIncome40.10M45.90M36.60M17.80M
NormalizedIncome805.98M796.05M728.43M685.33M
NetIncomeFromContinuingAndDiscontinuedOperation789.40M788.50M680.60M682.00M
TotalExpenses5.75B5.65B5.64B5.43B
TotalOperatingIncomeAsReported1.07B1.06B963.00M863.60M
DilutedAverageShares269.40M269.60M269.80M270.20M
BasicAverageShares268.50M268.50M268.40M268.20M
DilutedEPS2.932.922.522.52
BasicEPS2.942.942.542.54
DilutedNIAvailtoComStockholders789.40M788.50M680.60M682.00M
NetIncomeCommonStockholders789.40M788.50M680.60M682.00M
NetIncome789.40M788.50M680.60M682.00M
NetIncomeIncludingNoncontrollingInterests789.40M788.50M680.60M682.00M
NetIncomeContinuousOperations789.40M788.50M680.60M682.00M
EarningsFromEquityInterestNetOfTax72.20M74.20M56.40M37.80M
TaxProvision195.80M184.00M174.50M168.60M
PretaxIncome913.00M898.30M798.70M812.80M
OtherIncomeExpense-22.80M-8.00M-53.90M26.70M
OtherNonOperatingIncomeExpenses-1.70M1.50M7.30M30.90M
SpecialIncomeCharges-21.10M-9.50M-61.20M-4.20M
GainOnSaleOfBusiness0.00-1.20M63.20M0.00
OtherSpecialCharges3.30M6.80M26.80M31.40M
RestructuringAndMergernAcquisition17.80M2.70M34.40M36.00M
NetNonOperatingInterestIncomeExpense-156.10M-163.50M-171.60M-131.30M
InterestExpenseNonOperating196.20M209.40M208.20M149.10M
InterestIncomeNonOperating40.10M45.90M36.60M17.80M
OperatingIncome1.09B1.07B1.02B917.40M
OperatingExpense1.50B1.52B1.48B1.36B
SellingGeneralAndAdministration1.50B1.52B1.48B1.36B
GrossProfit2.59B2.59B2.50B2.27B
CostOfRevenue4.25B4.13B4.16B4.08B
TotalRevenue6.84B6.72B6.66B6.35B
OperatingRevenue6.84B6.72B6.66B6.35B
Line Item2025-11-302024-11-302023-11-302022-11-30
OrdinarySharesNumber268.40M268.00M268.10M268.00M
ShareIssued268.40M268.00M268.10M268.00M
NetDebt3.90B4.16B4.24B4.82B
TotalDebt4.16B4.51B4.59B5.33B
TangibleBookValue-3.07B-3.43B-3.72B-4.08B
InvestedCapital9.73B9.63B9.47B9.83B
WorkingCapital-924.10M-743.80M-1.10B-1.05B
NetTangibleAssets-3.07B-3.43B-3.72B-4.08B
CapitalLeaseObligations167.70M166.60M179.90M176.10M
CommonStockEquity5.74B5.29B5.06B4.68B
TotalCapitalization8.84B8.88B8.40B8.32B
TotalEquityGrossMinorityInterest5.77B5.32B5.08B4.70B
MinorityInterest31.60M25.80M22.80M18.70M
StockholdersEquity5.74B5.29B5.06B4.68B
GainsLossesNotAffectingRetainedEarnings-363.10M-491.20M-388.60M-480.60M
OtherEquityAdjustments-363.10M-491.20M-388.60M-480.60M
RetainedEarnings3.82B3.54B3.25B3.02B
CapitalStock2.28B2.24B2.20B2.14B
CommonStock2.28B2.24B2.20B2.14B
TotalLiabilitiesNetMinorityInterest7.43B7.75B7.78B8.43B
TotalNonCurrentLiabilitiesNetMinorityInterest4.37B4.87B4.68B4.99B
OtherNonCurrentLiabilities142.40M145.10M175.00M169.00M
EmployeeBenefits118.40M124.90M123.90M139.60M
NonCurrentPensionAndOtherPostretirementBenefitPlans118.40M124.90M123.90M139.60M
NonCurrentDeferredLiabilities835.80M840.50M861.20M866.30M
NonCurrentDeferredTaxesLiabilities835.80M840.50M861.20M866.30M
LongTermDebtAndCapitalLeaseObligation3.27B3.76B3.52B3.82B
LongTermCapitalLeaseObligation167.70M166.60M179.90M176.10M
LongTermDebt3.11B3.59B3.34B3.64B
CurrentLiabilities3.06B2.88B3.10B3.43B
CurrentDebtAndCapitalLeaseObligation890.50M748.30M1.07B1.51B
CurrentDebt890.50M748.30M1.07B1.51B
OtherCurrentBorrowings538.70M317.00M802.10M282.70M
CommercialPaper351.80M431.30M269.40M1.22B
CurrentProvisions181.00M189.30M
PayablesAndAccruedExpenses2.17B2.13B2.03B1.93B
CurrentAccruedExpenses783.40M775.70M795.50M649.50M
Payables1.39B1.36B1.23B1.28B
DividendsPayable128.90M120.70M112.60M104.60M
AccountsPayable1.26B1.24B1.12B1.17B
TotalAssets13.20B13.07B12.86B13.12B
TotalNonCurrentAssets11.06B10.93B10.86B10.74B
OtherNonCurrentAssets145.60M176.70M148.10M153.40M
DefinedPensionBenefit147.30M122.40M127.10M123.50M
InvestmentsAndAdvances300.70M282.70M264.10M283.00M
OtherInvestments132.90M130.50M115.00M115.10M
LongTermEquityInvestment167.80M152.20M149.10M167.90M
InvestmentsinJointVenturesatCost167.90M164.00M
GoodwillAndOtherIntangibleAssets8.80B8.73B8.78B8.76B
OtherIntangibleAssets3.50B3.50B3.52B3.55B
Goodwill5.30B5.23B5.26B5.21B
NetPPE1.67B1.62B1.54B1.42B
AccumulatedDepreciation-1.51B-1.34B-1.25B-1.14B
GrossPPE3.17B2.96B2.80B2.55B
ConstructionInProgress186.80M247.10M223.30M238.70M
OtherProperties216.80M211.00M220.00M218.90M
MachineryFurnitureEquipment1.75B1.57B1.44B1.27B
BuildingsAndImprovements925.10M835.80M820.90M738.80M
LandAndImprovements98.60M94.10M93.30M90.10M
Properties0.000.000.000.00
CurrentAssets2.14B2.14B2.00B2.39B
OtherCurrentAssets88.10M74.10M73.40M77.20M
PrepaidAssets53.20M51.50M47.60M61.70M
Inventory1.27B1.24B1.13B1.34B
FinishedGoods629.10M618.30M570.00M649.00M
RawMaterials642.90M621.60M556.50M691.10M
Receivables628.90M587.40M587.50M573.70M
AccountsReceivable628.90M587.40M587.50M573.70M
AllowanceForDoubtfulAccountsReceivable-4.10M-4.70M-5.90M-7.30M
GrossAccountsReceivable633.00M592.10M593.40M581.00M
CashCashEquivalentsAndShortTermInvestments95.90M186.10M166.60M334.00M
CashAndCashEquivalents95.90M186.10M166.60M334.00M
Line Item2025-11-302024-11-302023-11-302022-11-30
FreeCashFlow740.40M647.00M973.40M389.50M
RepurchaseOfCapitalStock-34.80M-53.10M-35.70M-38.80M
RepaymentOfDebt-267.90M-801.10M-268.10M-772.00M
IssuanceOfDebt2.70M495.50M496.40M0.00
CapitalExpenditure-221.80M-274.90M-263.90M-262.00M
EndCashPosition95.90M186.10M166.60M334.00M
BeginningCashPosition186.10M166.60M334.00M351.70M
EffectOfExchangeRateChanges43.70M-50.30M40.00M-35.60M
ChangesInCash-133.90M69.80M-207.40M17.90M
FinancingCashFlow-840.90M-583.10M-1.18B-487.20M
CashFlowFromContinuingFinancingActivities-840.90M-583.10M-1.18B-487.20M
NetOtherFinancingCharges22.60M-2.00M-10.30M-19.40M
ProceedsFromStockOptionExercised20.90M17.50M16.60M41.40M
CashDividendsPaid-483.00M-451.00M-418.50M-396.70M
CommonStockDividendPaid-483.00M-451.00M-418.50M-396.70M
NetCommonStockIssuance-34.80M-53.10M-35.70M-38.80M
CommonStockPayments-34.80M-53.10M-35.70M-38.80M
NetIssuancePaymentsOfDebt-366.60M-94.50M-736.30M-73.70M
NetShortTermDebtIssuance-101.40M211.10M-964.60M698.30M
NetLongTermDebtIssuance-265.20M-305.60M228.30M-772.00M
LongTermDebtPayments-267.90M-801.10M-268.10M-772.00M
LongTermDebtIssuance2.70M495.50M496.40M0.00
InvestingCashFlow-255.20M-269.00M-260.50M-146.40M
CashFlowFromContinuingInvestingActivities-255.20M-269.00M-260.50M-146.40M
NetOtherInvestingChanges700.00K5.90M2.40M6.80M
NetBusinessPurchaseAndSale-34.10M0.001.00M95.20M
SaleOfBusiness0.000.001.00M95.20M
PurchaseOfBusiness-34.10M0.000.000.00
NetIntangiblesPurchaseAndSale0.000.0013.60M0.00
SaleOfIntangibles0.000.0013.60M0.00
CapitalExpenditureReported-221.80M-274.90M-263.90M-262.00M
OperatingCashFlow962.20M921.90M1.24B651.50M
CashFlowFromContinuingOperatingActivities962.20M921.90M1.24B651.50M
DividendReceivedCFO57.80M66.80M85.10M34.00M
ChangeInWorkingCapital-83.80M-83.00M269.30M-255.70M
ChangeInOtherWorkingCapital-94.20M-72.60M109.00M-129.90M
ChangeInPayablesAndAccruedExpense1.20M135.10M-68.10M125.30M
ChangeInPayable1.20M135.10M-68.10M125.30M
ChangeInAccountPayable1.20M135.10M-68.10M125.30M
ChangeInInventory23.90M-125.00M225.00M-205.30M
ChangeInReceivables-14.70M-20.50M3.40M-45.80M
ChangesInAccountReceivables-14.70M-20.50M3.40M-45.80M
OtherNonCashItems6.30M
StockBasedCompensation46.20M47.40M63.40M60.30M
AssetImpairmentCharge0.000.0010.00M17.20M
DeferredTax-6.50M-30.30M-5.40M21.80M
DeferredIncomeTax-6.50M-30.30M-5.40M21.80M
DepreciationAmortizationDepletion231.30M208.80M199.30M200.60M
DepreciationAndAmortization231.30M208.80M199.30M200.60M
OperatingGainsLosses-72.20M-76.30M-55.00M-101.50M
EarningsLossesFromEquityInvestments-72.20M-74.20M-56.40M-37.80M
GainLossOnSaleOfBusiness0.000.001.20M-63.20M
NetIncomeFromContinuingOperations789.40M788.50M680.60M682.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MKC
Date User Asset Broker Type Position Size Entry Price Patterns