The full income statement, balance sheet, and cash-flow statement for McCormick & Company Incorporated (MKC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| Revenue | 6.84B+1.7% | 6.72B+0.9% | 6.66B+4.9% | 6.35B+0.5% | 6.32B+12.8% | |
| 2.59B+0.0% | 2.59B+3.5% | 2.50B+10.0% | 2.27B-8.8% | 2.49B+8.4% | ||
| Cost of revenue | 4.25B+2.8% | 4.13B-0.6% | 4.16B+2.1% | 4.08B+6.6% | 3.82B+15.8% | |
| Research & development | 106M+3.1% | 103M+8.4% | 94.9M+8.5% | 87.5M+0.2% | 87.3M+27.3% | |
| Selling, general & administrative | 1.50B-1.4% | 1.52B+2.9% | 1.48B+8.9% | 1.36B-3.3% | 1.40B+9.6% | |
| Amortization of intangibles | 35.2M+0.6% | 35.0M+0.3% | 34.9M-0.6% | 35.1M-1.4% | 35.6M+76.2% | |
| Operating income | 1.07B+1.0% | 1.06B+10.1% | 963M+11.5% | 864M-14.9% | 1.02B+1.6% | |
| Interest expense | 196M-6.3% | 209M+0.6% | 208M+39.6% | 149M+9.2% | 137M+0.7% | |
| Other non-operating income | 38.4M-19.0% | 47.4M+8.0% | 43.9M-55.3% | 98.3M+468.2% | 17.3M-1.7% | |
| Equity-method income | 72.2M-2.7% | 74.2M+31.6% | 56.4M+49.2% | 37.8M-27.6% | 52.2M+27.9% | |
| Pre-tax income | 913M+1.6% | 898M+12.5% | 799M-1.7% | 813M-9.3% | 896M+1.6% | |
| Income tax | 196M+6.4% | 184M+5.4% | 175M+3.5% | 169M-12.5% | 193M+10.2% | |
| 789M+0.1% | 789M+15.9% | 681M-0.2% | 682M-9.7% | 755M+1.1% | ||
| Net income to non-controlling interest | -6.10M+18.7% | -7.50M-36.4% | -5.50M+11.3% | -6.20M+22.5% | -8.00M-86.0% | |
| Net income to common | 789M+0.1% | 789M+15.9% | 681M-0.2% | 682M-9.7% | 755M+1.1% | |
| $2.93+0.3% | $2.92+15.9% | $2.52+0.0% | $2.52-10.0% | $2.80+0.7% | ||
| EPS (basic) | $2.94+0.0% | $2.94+15.7% | $2.54+0.0% | $2.54-10.2% | $2.83+1.1% | |
| Weighted-avg shares (basic) | 269M+0.0% | 269M+0.0% | 268M+0.1% | 268M+0.3% | 267M+0.3% | |
| Weighted-avg shares (diluted) | 269M-0.1% | 270M-0.1% | 270M-0.1% | 270M+0.1% | 270M+0.3% | |
| Dividends per share | $1.83+7.0% | $1.71+7.5% | $1.59+6.0% | $1.50+7.9% | $1.39+9.4% | |
| Balance Sheet | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| 2.14B-0.0% | 2.14B+6.9% | 2.00B-16.1% | 2.39B+8.7% | 2.20B+5.4% | ||
| Cash & equivalents | 95.9M-48.5% | 186M+11.7% | 167M-50.1% | 334M-5.0% | 352M-17.0% | |
| Accounts receivable | 629M+7.1% | 587M-0.0% | 588M+2.4% | 574M+4.4% | 550M+4.0% | |
| Inventory | 1.27B+2.6% | 1.24B+10.1% | 1.13B-15.9% | 1.34B+13.3% | 1.18B+14.5% | |
| Prepaid expenses | 141M+12.5% | 126M+3.8% | 121M-12.9% | 139M+23.7% | 112M+13.5% | |
| Other current assets | 88.1M+18.9% | 74.1M+1.0% | 73.4M-4.9% | 77.2M+9.3% | 70.6M+15.9% | |
| 13.2B+1.0% | 13.1B+1.6% | 12.9B-2.0% | 13.1B+1.7% | 12.9B+6.8% | ||
| Property, plant & equipment | 1.45B+2.5% | 1.41B+6.7% | 1.32B+10.6% | 1.20B+5.1% | 1.14B+10.9% | |
| Operating lease right-of-use | 34.5M-83.6% | 211M-4.1% | 220M+0.5% | 219M+60.0% | 137M+0.0% | |
| Goodwill | 5.30B+1.4% | 5.23B-0.6% | 5.26B+0.9% | 5.21B-2.3% | 5.34B+7.0% | |
| Intangible assets | 3.29B-0.8% | 3.32B-1.1% | 3.36B-0.9% | 3.39B-1.9% | 3.45B+6.6% | |
| Long-term investments | 133M+1.8% | 131M+13.5% | 115M-0.1% | 115M-16.2% | 137M+5.7% | |
| 3.06B+6.2% | 2.88B-7.0% | 3.10B-9.7% | 3.43B+6.5% | 3.22B+5.8% | ||
| Accounts payable | 1.26B+1.7% | 1.24B+10.6% | 1.12B-4.4% | 1.17B+10.0% | 1.06B+3.1% | |
| Short-term & current debt | 891M+19.0% | 748M-30.2% | 1.07B-28.9% | 1.51B+15.1% | 1.31B+13.8% | |
| Current lease liability | 17.5M-68.6% | 55.7M+4.5% | 53.3M-2.0% | 54.4M+58.6% | 34.3M-8.0% | |
| Finance lease liability (current) | 9.30M+5.7% | 8.80M+6.0% | 8.30M+6.4% | 7.80M+4.0% | 7.50M+2.7% | |
| 7.43B-4.1% | 7.75B-0.3% | 7.78B-7.7% | 8.43B-0.6% | 8.48B+4.1% | ||
| Long-term debt | 3.11B-13.6% | 3.59B+7.6% | 3.34B-8.3% | 3.64B-8.3% | 3.97B+5.8% | |
| Non-current lease liability | 18.1M-89.1% | 167M-7.4% | 180M+2.2% | 176M+66.0% | 106M+2.5% | |
| Operating lease liability (total) | 35.6M-84.0% | 222M-4.7% | 233M+1.2% | 231M+64.2% | 140M-0.3% | |
| Finance lease liability (total) | 95.0M-8.0% | 103M-7.2% | 111M-5.9% | 118M-5.9% | 126M-4.0% | |
| Finance lease liability | 85.7M-9.3% | 94.5M-8.3% | 103M-6.8% | 111M-6.5% | 118M-5.8% | |
| Deferred tax liabilities | 836M-0.6% | 841M-2.4% | 861M-0.6% | 866M+9.3% | 792M+9.0% | |
| Other non-current liabilities | 429M-1.9% | 437M-8.8% | 479M-1.2% | 485M-1.3% | 491M-21.1% | |
| 5.74B+8.4% | 5.29B+4.6% | 5.06B+8.1% | 4.68B+6.1% | 4.41B+12.4% | ||
| Retained earnings | 3.82B+7.7% | 3.54B+9.1% | 3.25B+7.5% | 3.02B+8.6% | 2.78B+15.2% | |
| Accumulated other comprehensive income | -363M+26.1% | -491M-26.4% | -389M+19.1% | -481M-12.7% | -427M+9.4% | |
| Non-controlling interest | 31.6M+22.5% | 25.8M+13.2% | 22.8M+21.9% | 18.7M+29.0% | 14.5M+4.3% | |
| Total equity incl. non-controlling | 5.77B+8.5% | 5.32B+4.6% | 5.08B+8.2% | 4.70B+6.2% | 4.43B+12.3% | |
| Total liabilities & equity | 13.2B+1.0% | 13.1B+1.6% | 12.9B-2.0% | 13.1B+1.7% | 12.9B+6.8% | |
| Cash Flow | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| 962M+4.4% | 922M-25.5% | 1.24B+89.9% | 652M-21.3% | 828M-20.5% | ||
| Depreciation & amortization | 231M+10.8% | 209M+4.8% | 199M-0.6% | 201M+7.7% | 186M+12.9% | |
| Intangible amortization | 35.2M+0.6% | 35.0M+0.3% | 34.9M-0.6% | 35.1M-1.4% | 35.6M+76.2% | |
| Share-based compensation | 46.2M-2.5% | 47.4M-25.2% | 63.4M+5.1% | 60.3M-9.5% | 66.6M+44.8% | |
| Deferred income taxes | -6.50M+78.5% | -30.3M-461.1% | -5.40M-124.8% | 21.8M-39.4% | 36.0M+421.4% | |
| Change in receivables | 14.7M-28.3% | 20.5M+702.9% | -3.40M-107.4% | 45.8M+102.7% | 22.6M+570.8% | |
| Change in inventory | -23.9M-119.1% | 125M+155.6% | -225M-209.6% | 205M+33.6% | 154M-23.2% | |
| Change in payables | 1.20M-99.1% | 135M+298.4% | -68.1M-154.3% | 125M+259.0% | 34.9M-78.7% | |
| -255M+5.1% | -269M-3.3% | -261M-77.9% | -146M+83.9% | -909M+11.4% | ||
| Capital expenditure | 222M-19.3% | 275M+4.2% | 264M+0.7% | 262M-5.8% | 278M+23.4% | |
| Free cash flow | 740M+14.4% | 647M-33.5% | 973M+149.9% | 390M-29.2% | 550M-32.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -841M-44.2% | -583M+50.8% | -1.18B-143.1% | -487M-2314.5% | 22.0M-90.0% | ||
| Long-term debt issued | 2.70M-99.5% | 496M-0.2% | 496M | 0.00-100.0% | 1.00B+90.0% | |
| Long-term debt repaid | 268M-66.6% | 801M+198.8% | 268M-65.3% | 772M+200.3% | 257M-0.2% | |
| Net short-term debt | -101M-148.0% | 211M+121.9% | -965M-238.1% | 698M+301.4% | -347M-221.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 34.8M-34.5% | 53.1M+48.7% | 35.7M-8.0% | 38.8M+351.2% | 8.60M-81.8% | |
| Dividends paid | 483M+7.1% | 451M+7.8% | 419M+5.5% | 397M+9.2% | 363M+10.1% | |
| Other financing activities | 35.8M+347.5% | 8.00M+400.0% | 1.60M | 0.00 | 0.00 | |
| FX effect on cash | 43.7M+186.9% | -50.3M-225.7% | 40.0M+212.4% | -35.6M-161.8% | -13.6M-143.0% | |
| Net change in cash | -90.2M-562.6% | 19.5M+111.6% | -167M-845.8% | -17.7M+75.4% | -71.9M-126.8% | |
| Interest paid | 193M-8.2% | 210M+3.2% | 204M+36.8% | 149M+9.7% | 136M+1.2% | |
| Income taxes paid | 240M+8.4% | 221M+86.8% | 118M-38.5% | 192M+7.3% | 179M-2.2% | |
| Valuation Ratios | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| Market cap | 18.1B-13.9% | 21.0B+21.0% | 17.4B-23.9% | 22.8B-0.5% | 23.0B-8.0% | |
| P/E | 23.3×-12.3% | 26.5×+3.9% | 25.6×-23.7% | 33.5×+10.2% | 30.4×-9.0% | |
| P/S | 2.7×-15.3% | 3.2×+20.7% | 2.6×-27.4% | 3.6×-1.0% | 3.6×-18.4% | |
| P/B | 3.1×-18.9% | 3.9×+12.9% | 3.4×-29.6% | 4.9×-6.3% | 5.2×-18.1% | |
| P/FCF | 27.6×+1.7% | 27.2×+52.1% | 17.9×-69.5% | 58.6×+40.5% | 41.7×+36.4% | |
| Earnings yield | 4.3%+14.0% | 3.8%-3.8% | 3.9%+31.1% | 3.0%-9.2% | 3.3%+9.8% | |
| FCF yield | 3.6%-1.7% | 3.7%-34.3% | 5.6%+228.2% | 1.7%-28.8% | 2.4%-26.7% | |
| Dividend yield | 2.7%+24.4% | 2.2%-11.1% | 2.5%+39.3% | 1.8%+8.7% | 1.6%+19.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: MKC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MKC filings on SEC EDGAR → Not investment advice.
