McCormick & vs J.M. Smucker
J.M. Smucker is the larger business, with $9.05bn of revenue in fiscal 2026 against $6.84bn for McCormick & (1.3 times as much). J.M. Smucker grew faster (3.7% against 1.7%). McCormick & kept more of each dollar of sales as profit: a net margin of 11.5% against -1.5%.
| Latest fiscal year | McCormick &MKC, 2025 | J.M. SmuckerSJM, 2026 |
|---|---|---|
| Revenue | $6.84bn | $9.05bn |
| Revenue growth | 1.7% | 3.7% |
| Net income | $789m | −$139m |
| Operating margin | 15.7% | — |
| Net margin | 11.5% | -1.5% |
| Return on equity | 14.3% | -2.4% |
| Free cash flow | $740m | $1.16bn |
| Cash | $95.9m | $58.6m |
| Total debt | $4.00bn | $6.96bn |
| Debt to equity | 69.7% | — |
| Dividend per share | $1.83 | — |
| Dividend yield | 3.9% | 3.3% |
| Share buybacks | $34.8m | $5.6m |
| Employees | 14,100 | — |
| Market value | $12.91bn | $13.65bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 68 (Moderate) | 62 (Moderate) |
| Insider trades, 12 months | 3 buys, 10 sales | 1 buys, 11 sales |