McCormick & Company, Incorporated (MKC) Income Statement
MKC FY2025 at a glance
Fiscal year ended November 30, 2025 · U.S. dollarsMKC revenue and net income
Where MKC's revenue goes
FY2025Each bar shows an amount and its share of revenue. MKC kept 11.5% of revenue as net income.
MKC profit margins
MKC growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.7% | +2.5% | +4.1% | +4.8% |
| Gross profit | +0.0% | +4.5% | +2.4% | +4.1% |
| Operating income | +1.0% | +7.4% | +1.4% | +6.9% |
| Net income | +0.1% | +5.0% | +1.1% | +7.0% |
| EPS (diluted) | +1.7% | +5.8% | +1.1% | +5.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MKC quarterly EPS vs estimates
McCormick beat the analyst EPS estimate in 6 of the last 8 quarters.
MKC income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.84B | $6.72B | $6.66B | $6.35B | $6.32B | $5.60B | $5.35B | $5.30B | $4.73B | $4.41B |
| Cost of revenue | $4.25B | $4.13B | $4.16B | $4.08B | $3.82B | $3.30B | $3.20B | $3.21B | $2.94B | $2.58B |
| Gross profit | $2.59B | $2.59B | $2.50B | $2.27B | $2.49B | $2.30B | $2.15B | $2.09B | $1.79B | $1.83B |
| Research & development | — | $102.9M | $94.9M | $87.5M | $87.3M | $68.6M | $67.3M | $69.4M | $66.1M | $61.0M |
| Sales, general & admin | $1.50B | $1.41B | $1.48B | $1.26B | $1.31B | $1.20B | $1.08B | $1.08B | $962.5M | $1.11B |
| Total operating expenses | $1.52B | $1.53B | $1.48B | $1.41B | $1.48B | $1.30B | $1.19B | $1.20B | $1.09B | $1.19B |
| Operating income | $1.07B | $1.06B | $963.0M | $863.6M | $1.02B | $999.5M | $957.7M | $891.1M | $699.8M | $641.0M |
| Interest income | $196.2M | $45.9M | $36.6M | $149.1M | $127.3M | $127.8M | $155.8M | $167.7M | $91.3M | $56.0M |
| Interest expense | $196.2M | $209.4M | $208.2M | $149.1M | $136.6M | $135.6M | $165.2M | $174.6M | $111.1M | $56.0M |
| Income before taxes | $913.0M | $898.3M | $798.7M | $812.8M | $895.8M | $881.5M | $819.2M | $776.1M | $594.8M | $625.3M |
| Income taxes | $195.8M | $184.0M | $174.5M | $168.6M | $192.7M | $174.9M | $157.4M | −$157.3M | $151.3M | $153.0M |
| Net income | $789.4M | $788.5M | $624.2M | $682.0M | $755.3M | $747.4M | $702.7M | $933.4M | $477.4M | $472.3M |
| EBITDA | $1.34B | $1.32B | $963.0M | $1.16B | $1.22B | $1.18B | $1.14B | $1.07B | $831.1M | $753.9M |
| EPS (diluted) | $3.00 | $2.95 | $2.69 | $2.53 | $3.05 | $2.84 | $2.68 | $2.49 | $2.12 | $1.91 |
| Gross margin | 37.9% | 38.5% | 37.6% | 35.8% | 39.5% | 41.1% | 40.1% | 39.5% | 37.9% | 41.5% |
| Operating margin | 15.7% | 15.8% | 14.5% | 13.6% | 16.1% | 17.8% | 17.9% | 16.8% | 14.8% | 14.5% |
| Net margin | 11.5% | 11.7% | 9.4% | 10.7% | 12.0% | 13.3% | 13.1% | 17.6% | 10.1% | 10.7% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.02B | $1.94B | $1.87B | $1.85B | $1.72B | $1.66B | $1.61B | $1.80B | $1.68B | $1.64B | $1.60B | $1.75B |
| Cost of revenue | $1.23B | $1.16B | $1.17B | $1.13B | $1.08B | $1.04B | $1.00B | $1.08B | $1.03B | $1.02B | $1.00B | $1.05B |
| Gross profit | $794.9M | $778.2M | $708.9M | $720.3M | $645.1M | $622.8M | $604.0M | $722.2M | $649.9M | $619.6M | $599.3M | $701.3M |
| Research & development | — | — | — | — | — | — | — | $102.9M | — | — | — | $94.9M |
| Sales, general & admin | $436.4M | $441.8M | $456.3M | $404.8M | $352.5M | $364.2M | $378.8M | $309.3M | $361.5M | $383.7M | $361.6M | $150.9M |
| Total operating expenses | $577.9M | $501.8M | $456.3M | $409.2M | $356.4M | $377.0M | $378.8M | $416.0M | $363.4M | $385.5M | $365.8M | $404.1M |
| Operating income | $217.0M | $276.4M | $252.6M | $311.1M | $288.7M | $245.8M | $225.2M | $306.2M | $286.5M | $234.1M | $233.5M | $297.2M |
| Interest income | — | — | $47.3M | $46.5M | $50.2M | $51.0M | $48.5M | $52.7M | — | — | — | $10.2M |
| Interest expense | $68.4M | $62.7M | $47.3M | $46.5M | $50.2M | $51.0M | $48.5M | $52.7M | $53.5M | $52.9M | $50.3M | $52.7M |
| Income before taxes | $154.5M | $220.2M | $185.0M | $274.0M | $247.9M | $204.6M | $186.5M | $264.2M | $246.2M | $193.6M | $194.3M | $257.7M |
| Income taxes | $49.9M | $63.5M | $48.7M | $65.6M | $39.3M | $49.3M | $41.6M | $67.2M | $41.0M | $26.2M | $49.6M | $57.1M |
| Net income | $97.6M | $150.1M | $1.02B | $226.6M | $225.5M | $175.0M | $162.3M | $215.2M | $223.1M | $184.2M | $166.0M | $219.3M |
| EBITDA | $299.5M | $356.4M | $295.3M | $379.7M | $359.3M | $312.7M | $288.8M | $368.2M | $354.3M | $303.6M | $290.4M | $359.3M |
| EPS (diluted) | $0.86 | $0.80 | $0.66 | $0.86 | $0.85 | $0.69 | $0.60 | $0.80 | $0.83 | $0.69 | $0.63 | $0.85 |
| Gross margin | 39.3% | 40.2% | 37.8% | 38.9% | 37.4% | 37.5% | 37.6% | 40.2% | 38.7% | 37.7% | 37.4% | 40.0% |
| Operating margin | 10.7% | 14.3% | 13.5% | 16.8% | 16.7% | 14.8% | 14.0% | 17.0% | 17.1% | 14.2% | 14.6% | 17.0% |
| Net margin | 4.8% | 7.8% | 54.2% | 12.2% | 13.1% | 10.5% | 10.1% | 12.0% | 13.3% | 11.2% | 10.4% | 12.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MKC's financial statements (latest annual report filed January 22, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MKC financial results
In fiscal year 2025 (ended November 30, 2025), McCormick reported revenue of $6.8 billion, up 1.7% from the year before. It had net income of $789.4 million (up 0.1%), a net profit margin of 11.5%. Diluted earnings per share came to $3.00. Over five years revenue grew at an average rate of 4.1% a year.
See the MKC stock overview for the latest quote and news, or the MKC chart for price history and technical indicators.
MKC income statement FAQ
What is McCormick's annual revenue?
McCormick reported total revenue of $6.8 billion for fiscal year 2025, which ended on November 30, 2025. That was up 1.7% from $6.7 billion the previous year.
Is McCormick profitable?
Yes. McCormick reported net income of $789.4 million in fiscal 2025, a net profit margin of 11.5%; its operating margin was 15.7%.
What is McCormick's gross margin?
McCormick's gross margin was 37.9% in fiscal 2025: for every $100 of revenue, McCormick kept $38 after the direct cost of its products and services.
How fast is McCormick growing?
Revenue grew 4.1% a year on average over the last five fiscal years, from $5.6 billion to $6.8 billion.
What are McCormick's earnings per share?
McCormick earned $3.00 per diluted share in fiscal 2025, compared with $2.95 a year earlier.
When does McCormick's fiscal year end?
McCormick's fiscal year ends in November. The latest annual report covers the year ended November 30, 2025 and was filed on January 22, 2026.