McCormick & Company, Incorporated (MKC) Financial Statements
McCormick & Company, Incorporated financial statements at a glance
McCormick & Company, Incorporated reported revenue of $6.84 billion for fiscal year 2025 (ended November 30, 2025), up 1.7% from fiscal year 2024. Net income was $789.40 million, a net margin of 11.5%, and diluted earnings per share were $2.93.
At the end of fiscal year 2025 it had total assets of $13.20 billion, total liabilities of $7.43 billion and shareholders' equity of $5.74 billion, with cash and short-term investments of $95.90 million and total debt of $4.16 billion.
Its operations brought in $962.20 million of cash; capital spending was $221.80 million, leaving free cash flow of $740.40 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended November 30, 2025.
McCormick & Company, Incorporated
Income Statement
Annual • USD
McCormick & Company, Incorporated key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $6.8B | $6.7B | $6.7B | $6.4B | $6.3B |
| Gross profit | $2.6B | $2.6B | $2.5B | $2.3B | $2.5B |
| Operating income | $1.1B | $1.1B | $961.8M | $913.2M | $1.1B |
| Net income | $789.4M | $788.5M | $680.6M | $682.0M | $755.3M |
| Diluted EPS | $2.93 | – | – | – | $2.80 |
| Total assets | $13.2B | $13.1B | $12.9B | $13.1B | $12.9B |
| Total liabilities | $7.4B | $7.8B | $7.8B | $8.4B | $8.5B |
| Shareholders' equity | $5.7B | $5.3B | $5.1B | $4.7B | $4.4B |
| Cash and short-term investments | $95.9M | – | – | – | $351.7M |
| Total debt | $4.2B | $4.3B | $4.4B | $5.1B | $5.4B |
| Operating cash flow | $962.2M | $921.9M | $1.2B | $651.5M | $828.3M |
| Capital spending | $221.8M | – | – | – | $278.0M |
| Free cash flow | $740.4M | – | – | – | $550.3M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was McCormick & Company, Incorporated's revenue in fiscal year 2025?
$6.84 billion, up 1.7% from $6.72 billion in fiscal year 2024.
How much profit does McCormick & Company, Incorporated make?
McCormick & Company, Incorporated reported net income of $789.40 million for fiscal year 2025 (11.5% of revenue); operating income was $1.09 billion.
How much cash and debt does McCormick & Company, Incorporated have?
At the end of fiscal year 2025: cash and short-term investments of $95.90 million and total debt of $4.16 billion.
What is McCormick & Company, Incorporated's free cash flow?
$740.40 million in fiscal year 2025 (operating cash flow of $962.20 million minus capital spending of $221.80 million).
