Annual Financials for McCormick & Company, Incorporated (MKC)

20 Years of financial data for all companies
Including key metrics, annual/quarterly financials, and historic PE ratio.



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All numbers in thousands except per share items and ratios.
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Reported Currency: USD TTM 2023-11-30 2022-11-30 2021-11-30 2020-11-30 2019-11-30 2018-11-30 2017-11-30 2016-11-30 2015-11-30 2014-11-30 2013-11-30 2012-11-30 2011-11-30 2010-11-30 2009-11-30 2008-11-30 2007-11-30 2006-11-30 2005-11-30 2004-11-30
Revenue 6,678,500 6,662,200 6,350,500 6,317,900 5,601,300 5,347,400 5,302,800 4,834,100 4,411,500 4,296,300 4,243,200 4,123,400 4,014,200 3,697,600 3,336,800 3,192,100 3,176,600 2,916,200 2,716,400 2,592,000 2,526,200
Revenue Growth - 4.91% 0.52% 12.79% 4.75% 0.84% 9.70% 9.58% 2.68% 1.25% 2.91% 2.72% 8.56% 10.81% 4.53% 0.49% 8.93% 7.36% 4.80% 2.60%
Cost of Revenue 4,109,900 4,159,700 4,076,000 3,823,300 3,300,900 3,202,100 3,213,700 2,823,900 2,579,800 2,559,000 2,513,000 2,457,600 2,396,400 2,175,100 1,919,100 1,864,900 1,888,400 1,724,400 1,601,800 1,555,400 1,518,300
Gross Profit 2,568,600 2,502,500 2,274,500 2,494,600 2,300,400 2,145,300 2,089,100 2,010,200 1,831,700 1,737,300 1,730,200 1,665,800 1,617,800 1,522,500 1,417,700 1,327,200 1,288,200 1,191,800 1,114,600 1,036,600 1,007,900
Gross Profit Margin 38.43% 37.56% 35.82% 39.48% 41.07% 40.12% 39.40% 41.58% 41.52% 40.44% 40.78% 40.40% 40.30% 41.18% 42.49% 41.58% 40.55% 40.87% 41.03% 39.99% 39.90%
Research and Development 94,900 94,900 87,500 87,300 68,600 67,300 69,400 66,100 61,000 60,800 62,000 61,300 57,800 0 0 0 0 0 0 0 0
General and Administrative Expenses 1,504,800 1,383,400 1,357,100 1,404,100 1,281,600 1,166,800 1,159,200 1,244,800 1,175,000 1,127,400 1,122,000 1,090,300 1,039,500 982,200 907,900 846,600 870,600 806,900 772,600 681,900 677,700
Total Operating Expenses 1,504,800 1,539,500 1,357,100 1,404,100 1,281,600 1,166,800 1,159,200 1,244,800 1,175,000 1,127,400 1,122,000 1,090,300 1,039,500 982,200 907,900 846,600 899,600 806,900 772,600 693,100 675,200
Operating Income or Loss 1,055,800 963,000 863,600 1,015,100 999,500 957,700 891,100 702,400 641,000 548,400 603,000 550,500 578,300 540,300 509,800 466,900 376,500 354,200 269,600 343,500 332,700
Operating Margin 15.78% 14.45% 13.60% 16.07% 17.84% 17.91% 16.80% 14.53% 14.53% 12.76% 14.21% 13.35% 14.41% 14.61% 15.28% 14.63% 11.85% 12.15% 9.92% 13.25% 13.17%
Interest Expense 209,400 208,200 149,100 136,600 135,600 165,200 174,600 90,000 56,000 53,300 49,700 53,300 54,600 51,200 49,300 52,800 56,700 0 0 0 0
EBITDA 1,296,500 1,206,200 1,193,000 1,228,900 1,190,900 1,143,700 1,067,000 816,200 755,200 660,300 711,600 662,400 686,800 644,400 610,600 566,300 480,100 444,500 363,500 418,100 404,700
Depreciation and Amortization 206,400 199,300 200,600 186,300 165,000 158,800 150,700 125,200 108,700 105,900 102,700 106,000 102,800 98,300 95,100 94,300 85,600 82,600 86,800 74,600 72,000
Income Before Tax 891,800 798,700 812,800 895,800 881,500 819,200 741,300 594,800 589,200 496,200 554,400 499,400 526,100 491,400 462,700 416,500 337,800 302,400 223,000 295,700 293,800
Income Tax Expense 173,900 174,500 168,600 192,700 174,900 157,400 -157,300 151,300 153,000 131,300 145,900 133,600 139,800 142,600 118,000 133,000 100,600 92,200 64,700 96,700 89,000
Net Income 792,600 680,600 682,000 755,300 747,400 702,700 933,400 477,400 472,300 401,600 437,900 389,000 407,800 374,200 370,200 299,800 255,800 230,100 202,200 214,900 214,500
Net Income Margin 11.84% 10.22% 10.74% 11.95% 13.34% 13.14% 17.60% 9.88% 10.71% 9.35% 10.32% 9.43% 10.16% 10.12% 11.09% 9.39% 8.05% 7.89% 7.44% 8.29% 8.49%
EPS 2.96 2.54 2.54 2.83 2.80 2.65 3.55 1.88 1.87 1.57 1.69 1.47 1.54 1.41 1.39 1.15 0.99 0.89 0.77 0.80 0.78
EPS Diluted 2.94 2.52 2.52 2.80 2.78 2.62 3.50 1.86 1.84 1.55 1.67 1.46 1.52 1.39 1.37 1.13 0.97 0.86 0.75 0.78 0.76
Weighted Average Shares Out - 268,400 268,200 267,300 266,500 265,200 263,100 253,600 253,200 256,000 259,800 264,200 265,400 265,400 265,800 261,600 258,000 258,539 264,314 268,625 273,248
Weighted Average Shares Out Diluted - 269,800 270,200 269,900 269,100 268,200 266,500 256,800 256,000 258,400 262,000 267,200 268,600 268,600 269,400 264,600 263,600 266,012 269,600 275,513 282,237

Reported Currency: USD Q3 2023-11-30 2022-11-30 2021-11-30 2020-11-30 2019-11-30 2018-11-30 2017-11-30 2016-11-30 2015-11-30 2014-11-30 2013-11-30 2012-11-30 2011-11-30 2010-11-30 2009-11-30 2008-11-30 2007-11-30 2006-11-30 2005-11-30 2004-11-30
Current Assets
Cash and Cash Equivalents 200,800 166,600 334,000 351,700 423,600 155,400 96,600 186,800 118,400 112,600 77,300 63,000 79,000 53,900 50,800 39,500 38,900 45,900 49,000 30,300 70,300
Short Term Investments 0 0 0 0 0 0 0 -107,900 -97,600 -88,300 -73,100 12,200 -86,100 -95,700 0 0 0 0 0 0 0
Cash + Short Term Investments 200,800 166,600 334,000 351,700 423,600 155,400 96,600 186,800 118,400 112,600 77,300 63,000 79,000 53,900 50,800 39,500 38,900 45,900 49,000 30,300 70,300
Net Receivables 660,900 587,500 573,700 549,500 528,500 502,900 518,100 555,100 465,200 455,200 493,600 495,500 465,900 427,000 386,700 365,300 414,700 456,500 379,100 369,300 407,645
Inventory 1,242,600 1,126,500 1,340,100 1,182,300 1,032,600 801,200 786,300 793,300 756,300 710,800 713,800 676,900 615,000 613,700 477,600 445,900 439,000 430,200 405,700 344,000 350,200
Other Current Assets 140,000 121,000 138,900 112,300 98,900 90,700 78,900 81,800 81,900 78,800 131,500 134,800 160,100 128,300 100,800 108,100 75,700 50,500 65,600 56,600 35,875
Total Current Assets 2,244,300 2,001,600 2,386,700 2,195,800 2,083,600 1,550,200 1,479,900 1,617,000 1,421,800 1,406,500 1,416,200 1,370,200 1,285,400 1,222,900 1,015,900 970,500 968,300 983,100 899,400 800,200 864,000
Non-Current Assets
Property, Plant and Equipment 1,399,500 1,544,700 1,416,900 1,277,100 1,028,400 952,600 985,100 809,100 669,400 618,400 602,700 576,600 547,300 523,100 488,000 489,800 461,100 487,600 469,500 469,700 486,600
Goodwill 5,277,700 5,260,100 5,212,900 5,335,800 4,986,300 4,505,200 4,527,900 4,490,100 1,771,400 1,759,300 1,722,200 1,798,500 1,695,300 1,694,200 1,417,400 1,479,700 1,230,200 879,500 803,800 0 0
Intangible Assets 3,332,700 3,516,600 3,548,500 3,593,600 3,239,400 2,847,000 2,873,300 3,071,100 424,900 372,100 330,800 333,400 323,500 350,000 232,500 237,300 374,800 207,500 193,600 822,200 828,100
Long Term Investments 0 264,100 283,000 301,300 752,000 310,400 288,000 398,500 348,400 351,500 342,400 264,000 313,900 297,600 265,900 183,900 0 0 0 0 0
Tax Assets 0 0 0 0 -176,300 -310,400 0 -107,900 -80,900 -67,600 -55,800 19,300 -57,700 -95,700 0 0 0 0 0 0 0
Other Non-Current Assets 950,700 275,200 276,900 202,200 176,300 507,100 102,200 107,900 80,900 67,600 55,800 87,700 57,700 95,700 0 26,600 185,900 229,800 201,700 180,600 190,900
Total Non-Current Assets 10,960,600 10,860,700 10,738,200 10,710,000 10,006,100 8,811,900 8,776,500 8,768,800 3,214,100 3,101,300 2,998,100 3,079,500 2,880,000 2,864,900 2,403,800 2,417,300 2,252,000 1,804,400 1,668,600 1,472,500 1,505,600
Other Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 13,204,900 12,862,300 13,124,900 12,905,800 12,089,700 10,362,100 10,256,400 10,385,800 4,635,900 4,507,800 4,414,300 4,449,700 4,165,400 4,087,800 3,419,700 3,387,800 3,220,300 2,787,500 2,568,000 2,272,700 2,369,600
Current Liabilities
Accounts Payable 1,227,800 1,119,300 1,171,000 1,064,200 1,032,300 846,900 710,000 639,900 450,800 411,900 372,100 387,300 375,800 366,600 302,700 283,600 266,100 243,300 224,400 198,200 195,068
Short Term Debt 1,244,900 1,071,500 1,507,300 1,309,400 1,150,600 698,400 643,500 583,200 393,200 343,000 270,800 214,100 392,600 222,400 100,400 116,100 354,000 149,600 81,400 106,100 173,200
Tax Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 245,600 0 0 0 0 0 0 0 0
Other Current Liabilities 671,600 908,100 754,100 850,200 863,600 609,100 648,200 724,200 578,700 483,700 479,100 461,700 419,200 404,300 431,700 418,500 414,000 468,400 474,700 394,700 404,432
Total Current Liabilities 3,144,300 3,098,900 3,432,400 3,223,800 3,046,500 2,154,400 2,001,700 1,947,300 1,422,700 1,240,200 1,122,000 1,063,100 1,187,600 993,300 834,800 818,200 1,034,100 861,300 780,500 699,000 772,700
Non-Current Liabilities
Long Term Debt 3,343,100 3,519,800 3,818,400 4,079,400 3,857,300 3,756,700 4,191,500 4,443,900 1,054,000 1,051,400 1,014,100 1,019,000 779,200 1,029,700 779,900 875,000 885,200 573,500 569,600 463,900 465,000
Deferred Revenue 0 0 0 240,200 0 0 -3,405,900 0 -79,900 -132,700 -108,200 242,200 -56,800 -71,500 0 0 0 0 0 0 0
Deferred Tax 836,200 861,200 866,300 792,300 727,200 697,600 706,500 1,094,500 79,900 132,700 108,200 139,300 56,800 71,500 0 0 0 54,900 68,100 0 0
Other Non-Current Liabilities 430,300 298,900 1,174,900 1,177,100 1,245,900 994,300 881,000 1,423,700 521,100 495,700 468,800 280,600 441,600 374,800 342,300 360,000 245,700 202,800 212,900 280,700 211,200
Total Non-Current Liabilities 4,609,600 4,679,900 4,993,300 5,256,500 5,103,200 4,751,000 5,072,500 5,867,600 1,575,100 1,580,700 1,482,900 1,438,900 1,277,600 1,476,000 1,122,200 1,235,000 1,130,900 831,200 850,600 744,600 676,200
Total Liabilities 7,753,900 7,778,800 8,425,700 8,480,300 8,149,700 6,905,400 7,074,200 7,814,900 2,997,800 2,820,900 2,604,900 2,502,000 2,465,200 2,469,300 1,957,000 2,053,200 2,165,000 1,692,500 1,631,100 1,443,600 1,448,900
Common Stock 2,234,700 2,199,600 2,138,600 2,055,100 1,981,300 1,888,600 1,770,600 1,672,900 1,084,200 1,039,600 995,600 962,400 908,200 821,900 756,500 0 88,165 0 0 386,900 336,000
Retained Earnings 3,577,200 3,249,700 3,022,500 2,782,400 2,415,600 2,055,800 1,760,200 1,166,500 1,056,800 1,036,700 982,600 970,400 934,600 838,800 700,900 591,500 425,400 323,800 348,700 385,400 434,100
Accumulated Other Comprehensive Income/Loss -390,400 -388,600 -480,600 -426,500 -470,800 -500,200 -359,900 -279,500 -514,400 -406,100 -186,000 -300 -159,900 -59,000 -3,700 109,100 48,100 260,300 140,300 27,600 119,600
Total Stockholders Equity 5,421,500 5,060,700 4,680,500 4,411,000 3,926,100 3,444,200 3,170,900 2,559,900 1,626,600 1,670,200 1,792,200 1,932,500 1,682,900 1,601,700 1,453,700 1,334,600 1,055,300 1,085,100 933,300 799,900 889,700
Total Investments 0 264,100 283,000 301,300 752,000 310,400 288,000 290,600 250,800 263,200 269,300 264,000 227,800 201,900 265,900 183,900 0 0 0 0 0
Total Debt 4,588,000 4,591,300 5,325,700 5,388,800 4,904,400 4,324,200 4,696,400 5,027,100 1,447,200 1,395,700 1,284,900 1,233,100 1,171,800 1,252,100 880,300 991,100 1,239,200 723,100 651,000 570,000 638,200
Net Debt 4,387,200 4,424,700 4,991,700 5,037,100 4,480,800 4,168,800 4,599,800 4,840,300 1,328,800 1,283,100 1,207,600 1,170,100 1,092,800 1,198,200 829,500 951,600 1,200,300 677,200 602,000 539,700 567,900

Reported Currency: USD TTM 2023-11-30 2022-11-30 2021-11-30 2020-11-30 2019-11-30 2018-11-30 2017-11-30 2016-11-30 2015-11-30 2014-11-30 2013-11-30 2012-11-30 2011-11-30 2010-11-30 2009-11-30 2008-11-30 2007-11-30 2006-11-30 2005-11-30 2004-11-30
Cash Flows from Operating Activities
Net Income 792,600 680,600 682,000 755,300 747,400 702,700 933,400 477,400 472,300 401,600 437,900 389,000 407,800 374,200 370,200 299,800 255,800 230,100 202,200 214,900 214,500
Depreciation & Amortization 206,400 199,300 200,600 186,300 165,000 158,800 150,700 125,200 108,700 105,900 102,700 106,000 102,800 98,300 95,100 94,300 85,600 82,600 86,800 74,600 72,000
Deferred Income Tax -71,200 -5,400 21,800 36,000 -11,200 20,900 -269,300 24,100 -40,000 1,000 6,100 -15,300 24,300 38,000 10,500 24,000 -8,800 -12,000 -26,000 5,900 -1,700
Stock Based Compensation 52,200 63,400 60,300 66,600 46,000 37,200 25,600 23,900 25,600 18,700 18,200 18,700 20,200 13,000 11,900 12,700 0 0 0 0 0
Change in Working Capital 13,900 269,300 -255,700 -222,800 102,600 38,000 -9,200 136,600 81,500 35,600 -54,200 -55,200 -69,900 -136,300 -92,600 14,100 -37,100 -96,500 69,600 35,200 69,700
Accounts Receivable -45,900 3,400 -45,800 -22,600 4,800 12,200 19,800 -13,000 -21,000 15,600 -16,400 -29,200 -38,800 -8,600 -38,200 45,800 0 0 0 0 0
Inventory -23,600 225,000 -205,300 -153,700 -200,200 -20,900 -10,000 44,600 -39,000 -18,000 -54,400 -59,900 1,200 -111,300 -26,800 17,700 -27,400 -7,900 -42,300 -3,000 33,800
Accounts Payable 134,600 -68,100 125,300 34,900 164,200 128,200 72,800 98,200 47,000 40,400 -6,700 12,100 8,200 49,300 10,500 4,800 0 0 0 0 0
Other Working Capital -51,200 109,000 -129,900 -81,400 133,800 -81,500 -91,800 6,800 94,500 -2,400 23,300 21,800 -40,500 -65,700 -38,100 -54,200 -9,700 -88,600 111,900 38,200 35,900
Other Non-Cash Items 160,500 30,100 -57,500 6,900 -8,500 -10,800 -10,000 28,100 10,000 27,200 -7,100 22,000 -30,200 -47,200 -7,600 -29,100 47,200 21,400 24,900 29,200 9,600
Net Cash Provided by Operating Activities 1,040,400 1,237,300 651,500 828,300 1,041,300 946,800 821,200 815,300 658,100 590,000 503,600 465,200 455,000 340,000 387,500 415,800 314,600 224,500 310,800 339,200 349,500
Cash Flows from Investing Activities
Investments in Property, Plant, and Equipment -266,000 -263,900 -262,000 -278,000 -225,300 -173,700 -169,100 -182,400 -153,800 -128,400 -132,700 -99,900 -110,300 -96,700 -89,000 -82,400 -85,800 -78,500 -84,800 -73,800 -69,800
Acquisitions Net 1,000 1,000 95,200 -641,000 -803,000 0 -4,200 -4,327,400 -116,400 -210,900 0 -142,300 0 -441,400 -46,900 0 -679,300 -15,900 -102,600 -5,500 -74,500
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9,200 0 0
Other Investing Activities 1,200 2,400 20,400 10,400 2,700 2,700 14,800 1,500 3,100 400 1,100 2,500 1,300 600 6,200 600 18,100 1,600 6,100 2,300 2,800
Net Cash Used for Investing Activities -264,800 -260,500 -146,400 -908,600 -1,025,600 -171,000 -158,500 -4,508,300 -267,100 -338,900 -131,600 -239,700 -109,000 -537,500 -129,700 -81,800 -747,000 -92,800 -172,100 -77,000 -141,500
Cash Flows from Financing Activities
Debt Repayment -214,200 -736,300 -73,700 397,700 555,800 -406,700 -466,500 3,582,300 55,700 118,000 56,100 66,700 -80,500 367,600 -114,000 -252,200 509,100 65,500 77,200 -67,600 19,300
Common Stock Issued 0 0 0 0 0 0 0 554,000 0 0 0 0 0 0 0 0 48,800 43,000 46,500 45,000 53,000
Common Stock Repurchased -38,000 -35,700 -38,800 -8,600 -47,300 -95,100 -62,300 -137,800 -242,700 -145,800 -244,300 -177,400 -132,200 -89,300 -82,500 0 -11,000 -157,000 -155,900 -185,600 -173,800
Dividends Paid -443,000 -418,500 -396,700 -363,300 -330,100 -302,200 -273,400 -237,600 -217,800 -204,900 -192,400 -179,900 -164,700 -148,500 -138,200 -125,400 -113,500 -103,600 -95,000 -86,200 -76,900
Other Financing Activities 6,300 6,300 22,000 -3,800 42,500 78,200 51,100 -564,700 33,300 33,100 31,700 44,700 53,100 58,000 73,600 35,800 48,800 0 0 0 0
Net Cash Used Provided by Financing Activities -688,900 -1,184,200 -487,200 22,000 220,900 -725,800 -751,100 3,756,000 -371,500 -199,600 -348,900 -245,900 -324,300 187,800 -261,100 -341,800 433,400 -152,100 -127,200 -294,400 -178,400
Effect of Forex Changes on Cash -40,600 40,000 -35,600 -13,600 31,600 8,800 -1,800 5,400 -13,700 -16,200 -8,800 4,400 3,400 12,800 14,600 8,400 -8,000 17,300 7,200 -7,800 15,600
Net Change in Cash 46,100 -167,400 -17,700 -71,900 268,200 58,800 -90,200 68,400 5,800 35,300 14,300 -16,000 25,100 3,100 11,300 600 -7,000 -3,100 18,700 -40,000 45,200
Cash at End of Period 711,700 166,600 334,000 351,700 423,600 155,400 96,600 186,800 118,400 112,600 77,300 63,000 79,000 53,900 50,800 39,500 38,900 45,900 49,000 30,300 70,300
Cash at Start of Period 665,600 334,000 351,700 423,600 155,400 96,600 186,800 118,400 112,600 77,300 63,000 79,000 53,900 50,800 39,500 38,900 45,900 49,000 30,300 70,300 25,100
Free Cash Flow
Operating Cash Flow 1,040,400 1,237,300 651,500 828,300 1,041,300 946,800 821,200 815,300 658,100 590,000 503,600 465,200 455,000 340,000 387,500 415,800 314,600 224,500 310,800 339,200 349,500
Capital Expenditure -266,000 -263,900 -262,000 -278,000 -225,300 -173,700 -169,100 -182,400 -153,800 -128,400 -132,700 -99,900 -110,300 -96,700 -89,000 -82,400 -85,800 -78,500 -84,800 -73,800 -69,800
Free Cash Flow 774,400 973,400 389,500 550,300 816,000 773,100 652,100 632,900 504,300 461,600 370,900 365,300 344,700 243,300 298,500 333,400 228,800 146,000 226,000 265,400 279,700