McCormick & Company (MKC.V) | Financial Analysis & Statements

McCormick & Company, Incorporated | Large-cap | Consumer Defensive

$73.94

1.08%

| McCormick & Company Stock Comparison:

McCormick & Company vs Kraft Heinz McCormick & Company vs General Mills McCormick & Company vs Kellanova McCormick & Company vs McCormick & Company McCormick & Company vs Hormel Foods McCormick & Company vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 6.7B

Gross Profit 2.6B 38.54%

Operating Income 1.1B 15.91%

Net Income 788.5M 11.73%

EPS (Diluted) $2.92

Balance Sheet Metrics

Total Assets 13.1B

Total Liabilities 7.8B

Shareholders Equity 5.3B

Debt to Equity 1.46

Cash Flow Metrics

Operating Cash Flow 931.4M

Free Cash Flow 647.0M

Revenue & Profitability Trend

Income Statement

Metric	2024	2023	2022	2021	2020
Revenue	6.7B	6.7B	6.4B	6.3B	5.6B
Cost of Goods Sold	4.1B	4.2B	4.1B	3.8B	3.3B
Gross Profit	2.6B	2.5B	2.3B	2.5B	2.3B
Operating Expenses	1.5B	1.5B	1.4B	1.4B	1.3B
Operating Income	1.1B	1.0B	917.4M	1.1B	1.0B
Pre-tax Income	898.3M	798.7M	812.8M	895.8M	881.5M
Income Tax	184.0M	174.5M	168.6M	192.7M	174.9M
Net Income	788.5M	680.6M	682.0M	755.3M	747.4M
EPS (Diluted)	$2.92	$2.52	$2.52	$2.80	$2.78

Income Statement Trend

Balance Sheet

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	2.1B	2.0B	2.4B	2.2B	2.1B
Non-Current Assets	10.9B	10.9B	10.7B	10.7B	10.0B
Total Assets	13.1B	12.9B	13.1B	12.9B	12.1B
Liabilities
Current Liabilities	2.9B	3.1B	3.4B	3.2B	3.0B
Non-Current Liabilities	4.9B	4.7B	5.0B	5.3B	5.1B
Total Liabilities	7.8B	7.8B	8.4B	8.5B	8.1B
Equity
Total Shareholders Equity	5.3B	5.1B	4.7B	4.4B	3.9B

Balance Sheet Composition

Cash Flow Statement

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	788.5M	680.6M	682.0M	755.3M	747.4M
Operating Cash Flow	931.4M	1.2B	709.0M	827.7M	1.0B
Investing Activities
Capital Expenditures	-	-	-	-	-
Investing Cash Flow	5.9M	3.4M	102.0M	-630.6M	-800.3M
Financing Activities
Dividends Paid	-451.0M	-418.5M	-396.7M	-363.3M	-330.1M
Financing Cash Flow	-600.6M	-1.2B	-528.6M	8.5M	164.3M
Free Cash Flow	647.0M	973.4M	389.5M	550.3M	816.0M

Cash Flow Trend

Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 25.22

Price to Book 3.62

Price to Sales 2.95

PEG Ratio 1.60

Profitability Ratios

Profit Margin 11.67%

Operating Margin 14.15%

Return on Equity 14.66%

Return on Assets 5.17%

Financial Health

Current Ratio 0.65

Debt to Equity 79.05

Beta 0.68

Per Share Data

EPS (TTM) $2.90

Book Value per Share $20.22

Revenue per Share $25.05

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
mkc.v	19.8B	25.22	3.62	14.66%	11.67%	79.05
Kraft Heinz	30.9B	11.91	0.63	5.35%	10.44%	43.55
General Mills	29.3B	11.77	3.17	26.83%	13.02%	149.14
Kellanova	27.7B	20.12	7.08	38.15%	10.93%	155.53
McCormick & Company	19.8B	25.52	3.66	14.66%	11.67%	79.05
Hormel Foods	16.8B	22.49	2.09	9.37%	6.27%	35.54

Financial data is updated regularly. All figures are in the company's reporting currency.