McCormick & Company, Incorporated
Description
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, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in the Asia/Pacific; McCormick, Aeroplane, and Gourmet Garden brands in China; and the McCormick brand and other 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.
About
CEO
Mr. Brendan M. Foley
Employees
13,800
Instrument type
Common Stock
Sector
Consumer Defensive
Industry
Packaged Foods
MIC code
XNYS
Address
24 Schilling Road, Hunt Valley, MD 21031, United States
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![Enlarged Chart]()
Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 21, 2026 | — | — | — | — |
| Sep 29, 2025 | — | — | — | — |
| Jun 25, 2025 | — | — | — | — |
| Mar 24, 2025 | — | — | — | — |
| Jan 23, 2025 | 0.77 | 0.80 | 0.03 | 3.90% |
Earnings estimate
|
Current Quarter
(Feb 2025)
|
Next Quarter
(May 2025)
|
Current Year
(Nov 2025)
|
Next Year
(Nov 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 10 | 10 | 13 | 13 |
| Average estimate | 0.64 | 0.69 | 3.08 | 3.33 |
| Low estimate | 0.61 | 0.67 | 3.05 | 3.27 |
| High estimate | 0.67 | 0.70 | 3.17 | 3.42 |
| Last year EPS | 0.63 | 0.69 | 2.95 | 3.08 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Feb 2025)
2.050%
Next qtr. (May 2025)
-0.520%
Current year (Nov 2025)
4.360%
Next year (Nov 2026)
8.130%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 |
| Total reported revenue | 6.72B | 6.66B | 6.35B | 6.32B | 5.60B |
| Cost of revenue | 4.13B | 4.16B | 4.08B | 3.82B | 3.30B |
| Gross profit | 2.59B | 2.50B | 2.27B | 2.49B | 2.30B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 1.52B | 1.48B | 1.36B | 1.40B | 1.28B |
| Other operating expenses | — | — | — | — | — |
| Operating income | 1.07B | 1.02B | 917.40M | 1.09B | 1.02B |
| Non operating interest income | |||||
| Income | 45.90M | 36.60M | 17.80M | 9.30M | 7.80M |
| Expense | 209.40M | 208.20M | 149.10M | 136.60M | 135.60M |
| Other income expense | -8.00M | -53.90M | 26.70M | -67.40M | -9.50M |
| Pretax income | 898.30M | 798.70M | 812.80M | 895.80M | 881.50M |
| Tax provision | 184.00M | 174.50M | 168.60M | 192.70M | 174.90M |
| Net income | 788.50M | 680.60M | 682.00M | 755.30M | 747.40M |
| Basic EPS | 2.94 | 2.54 | 2.54 | 2.83 | 2.80 |
| Diluted EPS | 2.92 | 2.52 | 2.52 | 2.80 | 2.78 |
| Basic average shares | 268.50M | 268.40M | 268.20M | 267.30M | 266.50M |
| Diluted average shares | 268.50M | 268.40M | 268.20M | 267.30M | 266.50M |
| EBITDA | 1.33B | 1.27B | 1.17B | 1.29B | 1.20B |
| Net income from continuing op. | 788.50M | 680.60M | 682.00M | 755.30M | 747.40M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 |
| Total assets | 13.07B | 12.86B | 13.12B | 12.91B | 12.09B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 186.10M | 166.60M | 334.00M | 351.70M | 423.60M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 587.40M | 587.50M | 573.70M | 549.50M | 528.50M |
| Other receivables | — | — | — | — | — |
| Inventory | 1.24B | 1.13B | 1.34B | 1.18B | 1.03B |
| Prepaid assets | 51.50M | 47.60M | 61.70M | 41.70M | 38.00M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 74.10M | 73.40M | 77.20M | 70.60M | 60.90M |
| Non current assets | |||||
| Properties | 211.00M | 220.00M | 218.90M | 136.80M | 136.80M |
| Land and improvements | 94.10M | 93.30M | 90.10M | 95.10M | 87.20M |
| Machinery furniture equipment | 1.57B | 1.44B | 1.27B | 1.20B | 1.10B |
| Construction in progress | 247.10M | 223.30M | 238.70M | 211.90M | 125.50M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -1.34B | -1.25B | -1.14B | -1.06B | -985.40M |
| Goodwill | 13.95B | 14.04B | 13.97B | 14.27B | 13.33B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 3.50B | 3.52B | 3.55B | 3.59B | 3.36B |
| Investments and advances | 282.70M | 264.10M | 283.00M | 301.30M | 322.90M |
| Other non current assets | 176.70M | 148.10M | 153.40M | 140.60M | 176.30M |
| Total liabilities | 7.75B | 7.78B | 8.43B | 8.48B | 8.15B |
| Current liabilities | |||||
| Accounts payable | 1.24B | 1.12B | 1.17B | 1.06B | 1.03B |
| Accrued expenses | 775.70M | 795.50M | 649.50M | 751.20M | 772.90M |
| Short term debt | 748.30M | 1.07B | 1.51B | 1.31B | 1.15B |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 3.76B | 3.52B | 3.82B | 4.08B | 3.86B |
| Provision for risks and charges | — | — | — | — | 103.50M |
| Deferred liabilities | 840.50M | 861.20M | 866.30M | 792.30M | 727.20M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 145.10M | 175.00M | 169.00M | 144.60M | 166.40M |
| Shareholders equity | |||||
| Common stock | 2.24B | 2.20B | 2.14B | 2.06B | 1.98B |
| Retained earnings | 3.55B | 3.25B | 3.02B | 2.78B | 2.42B |
| Other shareholders equity | -491.20M | -388.60M | -480.60M | -426.50M | -470.80M |
| Total shareholders equity | 5.32B | 5.08B | 4.70B | 4.43B | 3.94B |
| Additional paid in capital | — | — | — | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | 25.80M | 22.80M | 18.70M | 14.50M | 13.90M |
Cash flow statement
| 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||
| Net Income | 788.50M | 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 | 199.20M | 173.80M | 137.10M | 137.50M | 103.30M | 103.80M | 98.40M | 49.70M | 97.60M | 61.10M | 99.70M | 95.20M | 80.90M | 69.40M | 52.50M |
| Depreciation | 208.80M | 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 | 84.30M | 74.60M | 72.00M | 65.30M | 53.40M | 60.70M | 61.30M | 57.40M | 54.80M | 49.30M | 63.80M | 63.70M | 62.50M | 50.50M | 43.80M | 40.50M | 36.60M | 34.80M |
| Deferred Taxes | -30.30M | -5.40M | 21.80M | 36.00M | -11.20M | 20.90M | -269.30M | 24.10M | -40.00M | 1.00M | 6.10M | -15.30M | 24.30M | 38.00M | 10.50M | 24.00M | -8.80M | -12.00M | -26.00M | 5.90M | -1.70M | 15.60M | 21.10M | 2.20M | -5.10M | 9.30M | 2.00M | 18.90M | -26.40M | 15.70M | -27.10M | -1.10M | -700,000 | 6.10M | 400,000 | 2.80M |
| Stock-Based Compensation | 47.40M | 63.40M | 60.30M | 66.60M | 46.00M | 37.20M | 25.60M | 23.90M | 25.60M | 18.70M | 18.20M | 18.70M | 20.20M | 13.00M | 11.90M | 12.70M | 18.20M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | — | — | — | 6.30M | — | — | 3.00M | 40.00M | 7.20M | 22.80M | 5.20M | 18.60M | — | 390.40M | 18.00M | 10.90M | 13.40M | 21.40M | 24.90M | 29.20M | 9.60M | — | 19.10M | 18.40M | 10.70M | 8.00M | 9.80M | 100,000 | 100,000 | -2.20M | -6.50M | -10.00M | -5.80M | — | -2.40M | 5.30M |
| Accounts Receivable | -20.50M | 3.40M | -45.80M | -22.60M | 4.80M | 12.20M | 19.80M | -13.00M | -21.00M | 15.60M | -16.40M | -29.20M | -38.80M | -8.60M | -38.20M | 45.80M | -7.70M | -51.60M | 14.90M | 16.80M | -35.50M | 9.80M | -35.00M | 7.80M | -24.50M | -2.10M | 1.60M | -4.20M | -5.40M | -21.60M | -24.90M | -26.30M | 1.40M | -7.50M | -20.10M | 10.10M |
| Accounts Payable | 135.10M | -68.10M | 125.30M | 34.90M | 164.20M | 128.20M | 72.80M | 98.20M | 47.00M | 40.40M | -6.70M | 12.10M | 8.20M | 49.30M | 10.50M | 3.40M | 42.60M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -197.60M | 334.00M | -335.20M | -235.10M | -66.40M | -102.40M | -101.80M | 51.40M | 55.50M | -20.40M | -31.10M | -38.10M | -64.40M | -215.80M | -64.90M | -59.10M | -72.00M | -61.10M | 22.80M | -12.50M | 74.80M | -74.90M | -20.80M | -26.30M | 39.10M | 43.00M | -21.40M | 27.40M | 40.60M | -61.70M | -68.60M | -39.30M | -27.00M | -33.20M | -26.80M | -40.00M |
| Operating Cash Flow | 931.40M | 1.21B | 709.00M | 827.70M | 1.05B | 957.60M | 834.20M | 827.20M | 655.30M | 585.60M | 515.90M | 461.80M | 460.10M | 738.80M | 413.10M | 431.80M | 327.10M | 209.40M | 323.10M | 328.90M | 333.70M | 215.00M | 211.60M | 199.90M | 219.00M | 218.90M | 150.60M | 189.90M | 122.40M | 91.50M | -3.50M | 73.50M | 106.90M | 86.80M | 57.10M | 65.50M |
| Investing Activities | ||||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | 12.30M | 1.10M | 1.70M | 400,000 | 1.10M | 2.50M | 1.30M | 600,000 | 6.20M | 600,000 | 18.10M | -76.90M | -78.70M | -64.50M | -59.90M | -81.70M | -93.90M | -96.10M | -52.00M | -46.30M | -60.70M | -40.10M | -59.40M | -80.20M | -87.50M | -74.60M | -73.60M | -73.20M | -46.20M | 109.30M |
| Net Intangibles | — | — | 13.60M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | 1.00M | 95.20M | -641.00M | -803.00M | — | -4.20M | -4.33B | -116.40M | -210.90M | — | -142.30M | — | -441.40M | -46.90M | — | -679.30M | -15.90M | -102.60M | -5.50M | -74.50M | -202.90M | -1.40M | — | -386.60M | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 9.20M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | 5.90M | 3.40M | 102.00M | -630.60M | -800.30M | 2.70M | 22.90M | -4.32B | -113.30M | -210.50M | 1.10M | -139.80M | 1.30M | -440.80M | -40.70M | 600,000 | -661.20M | -92.80M | -172.10M | -70.00M | -134.40M | -100.70M | -95.30M | -96.60M | -442.60M | -45.90M | -62.60M | -46.70M | 187.90M | -78.50M | -184.00M | -145.10M | -121.30M | -61.50M | -64.30M | 98.60M |
| Financing Activities | ||||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 495.50M | 496.40M | — | 1.00B | 527.00M | — | 25.90M | 3.99B | 6.00M | 247.00M | — | 246.20M | 800,000 | 252.00M | — | — | 503.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -801.10M | -268.10M | -772.00M | -257.10M | -257.70M | -447.70M | -797.90M | -272.70M | -202.00M | -1.60M | -1.60M | -251.40M | -4.70M | -101.10M | -14.40M | -252.20M | -150.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -2.00M | -10.30M | -19.40M | -17.30M | -14.10M | -12.70M | -27.10M | -34.40M | -3.50M | -5.30M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -100,000 | — | 100,000 | — | — | — | 100,000 | — |
| Financing Cash Flow | -600.60M | -1.20B | -528.60M | 8.50M | 164.30M | -816.70M | -829.30M | 3.73B | -408.30M | -238.00M | -380.60M | -290.60M | -377.40M | 129.80M | -334.70M | -579.40M | 433.40M | -217.60M | -204.40M | -226.80M | -197.70M | -147.70M | -37.20M | -37.80M | -115.60M | -118.10M | -95.80M | -149.70M | -115.60M | -47.20M | -43.80M | -34.60M | -34.60M | -55.20M | -62.20M | -76.80M |
| Other Cash Details | ||||||||||||||||||||||||||||||||||||
| End Cash Position | 186.10M | 166.60M | 334.00M | 351.70M | 423.60M | 155.40M | 96.60M | 186.80M | 118.40M | 112.60M | 77.30M | 63.00M | 79.00M | 53.90M | 50.80M | 39.50M | 38.90M | 45.90M | 49.00M | 30.30M | 70.30M | 25.10M | 47.30M | 31.30M | 23.90M | 12.00M | — | 13.50M | — | 12.50M | 15.50M | — | — | — | — | — |
| Income Tax Paid | — | — | — | — | — | — | — | — | 151.00M | 111.50M | 129.00M | 106.30M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | 57.50M | 52.20M | 50.00M | 54.20M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 647.00M | 973.40M | 389.50M | 550.30M | 816.00M | 773.10M | 652.10M | 632.90M | 504.30M | 461.60M | 370.90M | 365.30M | 344.70M | 243.30M | 298.50M | 333.40M | 228.80M | 146.00M | 226.00M | 265.40M | 279.70M | 99.20M | 113.00M | 92.40M | 148.40M | 180.00M | 80.30M | 137.30M | 127.00M | -22.70M | -15.20M | 4.50M | 38.00M | 1.20M | 13.80M | 12.60M |
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