McCormick & Company income statement
In fiscal 2025, McCormick & Company reported revenue of $6.84bn, up 1.7% on the year before, operating income of $1.07bn (a 15.7% margin) and net income of $789m, or $2.93 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Nov 2009 | 2010Nov 2010 | 2011Nov 2011 | 2012Nov 2012 | 2013Nov 2013 | 2014Nov 2014 | 2015Nov 2015 | 2016Nov 2016 | 2017Nov 2017 | 2018Nov 2018 | 2019Nov 2019 | 2020Nov 2020 | 2021Nov 2021 | 2022Nov 2022 | 2023Nov 2023 | 2024Nov 2024 | 2025Nov 2025 | LTMAug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,192 | 3,337 | 3,698 | 4,014 | 4,123 | 4,243 | 4,296 | 4,412 | 4,730 | 5,303 | 5,347 | 5,601 | 6,318 | 6,351 | 6,662 | 6,724 | 6,840 | 7,686 |
| Cost of revenue | — | — | — | — | — | — | — | 2,580 | 2,936 | 3,210 | 3,202 | 3,301 | 3,823 | 4,076 | 4,160 | 4,133 | 4,248 | 4,683 |
| Gross profit | 1,327 | 1,418 | 1,523 | 1,618 | 1,666 | 1,730 | 1,737 | 1,832 | 1,794 | 2,093 | 2,145 | 2,300 | 2,495 | 2,275 | 2,503 | 2,591 | 2,592 | 3,002 |
| Research and development | 49 | 53 | 58 | 58 | 61 | 62 | 61 | 61 | 66 | 69 | 67 | 69 | 87 | 88 | 95 | 103 | 106 | — |
| Selling, general and administrative | 847 | 908 | 982 | 1,040 | 1,075 | 1,122 | 1,127 | 1,175 | 1,031 | 1,163 | 1,167 | 1,282 | 1,404 | 1,357 | 1,478 | 1,521 | 1,500 | 1,739 |
| Operating income | 467 | 510 | 540 | 578 | 551 | 603 | 548 | 641 | 700 | 891 | 958 | 1,000 | 1,015 | 864 | 963 | 1,060 | 1,071 | 1,032 |
| Interest expense | 53 | 49 | 51 | 55 | 53 | 50 | 53 | 56 | 96 | 175 | 165 | 136 | 137 | 149 | 208 | 209 | 196 | 225 |
| Income before tax | 417 | 463 | 491 | 526 | 499 | 554 | 496 | 589 | 595 | 741 | 819 | 882 | 896 | 813 | 799 | 898 | 913 | 834 |
| Income tax | 133 | 118 | 143 | 140 | 134 | 146 | 131 | 153 | 151 | −157 | 157 | 175 | 193 | 169 | 175 | 184 | 196 | 228 |
| Net income | 300 | 370 | 374 | 408 | 389 | 438 | 402 | 472 | 477 | 933 | 703 | 747 | 755 | 682 | 681 | 789 | 789 | 1,491 |
| Diluted EPS | $1.14 | $1.38 | $1.40 | $1.52 | $1.46 | $1.67 | $1.55 | $1.84 | $1.86 | $3.50 | $2.62 | $2.78 | $2.80 | $2.52 | $2.52 | $2.92 | $2.93 | $5.53 |
| Diluted shares (average) | 265m | 269m | 269m | 269m | 267m | 262m | 258m | 256m | 257m | 267m | 268m | 269m | 270m | 270m | 270m | 270m | 269m | 269m |
| EBITDA | 561 | 605 | 639 | 681 | 657 | 706 | 654 | 750 | 825 | 1,042 | 1,117 | 1,165 | 1,201 | 1,064 | 1,162 | 1,269 | 1,302 | 1,304 |
| Quarter | 2024 Q4Nov 2024 | 2025 Q1Feb 2025 | 2025 Q2May 2025 | 2025 Q3Aug 2025 | 2025 Q4Nov 2025 | 2026 Q1Feb 2026 | 2026 Q2May 2026 | 2026 Q3Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,798 | 1,606 | 1,660 | 1,725 | 1,850 | 1,874 | 1,937 | 2,025 |
| Cost of revenue | 1,076 | 1,002 | 1,037 | 1,080 | 1,130 | 1,165 | 1,158 | 1,230 |
| Gross profit | 722 | 604 | 623 | 645 | 720 | 709 | 778 | 795 |
| Selling, general and administrative | 414 | 379 | 364 | 353 | 405 | 456 | 442 | 436 |
| Operating income | 306 | 225 | 246 | 289 | 311 | 228 | 276 | 217 |
| Interest expense | 53 | 49 | 51 | 50 | 47 | 47 | 63 | 68 |
| Income before tax | 264 | 187 | 205 | 248 | 274 | 185 | 220 | 155 |
| Income tax | 67 | 42 | 49 | 39 | 66 | 49 | 64 | 50 |
| Net income | 215 | 162 | 175 | 226 | 227 | 1,016 | 150 | 98 |
| Diluted EPS | $0.79 | $0.60 | $0.65 | $0.84 | $0.84 | $3.77 | $0.56 | $0.36 |
| EBITDA | 358 | 279 | 303 | 350 | 370 | 291 | 350 | 294 |
Compare with peers
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