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Company file · MKC

McCormick

McCormick's revenue rose 1.7% in FY2025, to $6.8B, and net income rose 0.1% to $789M

Revenue rose 1.7% to $6.8B in FY2025, from $6.7B in FY2024. Net income rose 0.1% to $789M. Consumer was the largest segment, at 58% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Jan 22, 2026) · Latest quarter: 10-Q for the quarter ended Aug 31, 2026 (filed Oct 1, 2026) · Data pulled Nov 11, 2026

Key facts

McCormick (NYSE: MKC) reported revenue of $6.8B for fiscal 2025, the year ended Nov 30, 2025, up 1.7% from fiscal 2024. Net income was $789M, up 0.1%. In its latest 10-Q, for the quarter ended Aug 31, 2026, revenue was $2.0B, up 17.4% from the same quarter a year earlier, and net income was $98M. The largest piece by segment was Consumer, at 58% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Jan 22, 2026) and 10-Q for the quarter ended Aug 31, 2026 (filed Oct 1, 2026).

Revenue$6.8BFY2025 · +1.7% vs FY2024
Net income$789MFY2025 · +0.1% vs FY2024
Operating cash flow$962MFY2025 · +4.4% vs FY2024
Cash & equivalents$331Mat Aug 31, 2026 · +245.3% vs FY2025 end
Total debt$5.0Bat Aug 31, 2026 · +25.6% vs FY2025 end
Diluted shares269MFY2025 avg · −0.1% vs FY2024
Revenue and net income, three fiscal yearsBy fiscal year, $bn
RevenueNet income
Revenue and net income by fiscal yearRevenue FY2023: $6.7B6.7Net income FY2023: $681M0.68FY2023Revenue FY2024: $6.7B6.7Net income FY2024: $788M0.79FY2024Revenue FY2025: $6.8B6.8Net income FY2025: $789M0.79FY2025Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-K FY2025, filed Jan 22, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)
FY2025FY2026
Quarterly revenue, fiscal 2026 vs 2025FY2025 Q1: $1.6B1.6FY2026 Q1: $1.9B1.9Q1FY2025 Q2: $1.7B1.7FY2026 Q2: $1.9B1.9Q2FY2025 Q3: $1.7B1.7FY2026 Q3: $2.0B2.0Q3Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-Q filed Mar 31, 2026 · 10-Q filed Jun 25, 2026 · 10-Q filed Oct 1, 2026

How it makes money

FY2025 total by categoryConsumer: $4.0B (58%)Flavor Solutions: $2.9B (42%)$6.8BFY2025 totalData: Ticker Sage, from SEC EDGARtickersage.com

By segment, FY2025

  • LineAmountSharevs FY2024
  • Consumer$4.0B58%+2.6%
  • Flavor Solutions$2.9B42%+0.5%

Source: 10-K FY2025, XBRL breakdown

By segment in FY2025: Consumer (58%) and Flavor Solutions (42%), as shares of total revenue. Total revenue was $6.8B.

By segment: three-year mixShare of the total each fiscal year
ConsumerFlavor Solutions

Source: 10-K FY2025

By region, FY2025

Americas$4.9B71%+1.4%
Europe Middle East and Africa$1.3B19%+2.4%
Asia Pacific$704M10%+3.2%

Share is of the FY2025 total; the last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 FY2026 (Jun to Aug 2026) compared with Q3 FY2025 (Jun to Aug 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 FY2026Q3 FY2025

Company

Revenue
$2.0B Q3 FY2026
$1.7B Q3 FY2025
17.4% increase
Net income
$98M Q3 FY2026
$226M Q3 FY2025
56.7% decrease

Source: McCormick 10-Q for the quarter ended Aug 31, 2026, filed Oct 1, 2026

By segment

Consumer
$1.2B Q3 FY2026
$973M Q3 FY2025
24.9% increase
Flavor Solutions
$809M Q3 FY2026
$752M Q3 FY2025
7.7% increase

Source: McCormick 10-Q for the quarter ended Aug 31, 2026, filed Oct 1, 2026

  • Cash & equivalents $331M at Aug 31, 2026, vs $96M at FY2025 end.
  • Total debt $5.0B at Aug 31, 2026, vs $4.0B at FY2025 end.
  • Operating cash flow, first 9 months of fiscal 2026: $599M vs $420M a year earlier.

The bull case and the bear case

The bull case

  • Revenue rose 1.7% in FY2025 to $6.8B, from $6.7B a year earlier. 10-K, FY2025
  • Net income rose 0.1% in FY2025 to $789M, from $788M. 10-K, FY2025
  • Operating cash flow rose 4.4% in FY2025 to $962M. 10-K, FY2025
  • Total debt fell 8.0% in FY2025 to $4.0B. 10-K, FY2025

The bear case

  • Net income in the quarter ended Aug 31, 2026 was $98M, down 56.7% on a year earlier. 10-Q, quarter ended Aug 31, 2026
  • The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include costs; consumer habits; retail customers. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

McCormick is in the packaged foods & meats industry, part of the consumer staples sector. The SEC files it under Miscellaneous Food Preparations & Kindred Products.

McCormick reports 2 segments: Consumer and Flavor Solutions.

Its fiscal year ends in November; the latest, FY2025, ended Nov 30, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the packaged foods & meats industry. They are not a summary of McCormick’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

  1. CostsCommodity, packaging and freight costs can rise faster than prices.
  2. Consumer habitsShoppers can trade down to store brands or change what they buy.
  3. Retail customersA few large retailers account for much of its sales.
  4. Regulation and safetyFood and product safety rules and recalls can bring cost and reputational harm.
  5. CompetitionRivals and private-label products compete for shelf space and prices.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$FY2023FY2024FY2025
Revenue$6.7B$6.7B$6.8B
Net income$681M$788M$789M
Operating cash flow$1.2B$922M$962M
Cash & equivalents (year end)$167M$186M$96M
Total debt (year end)$4.4B$4.3B$4.0B
Diluted shares270M270M269M
  • Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
  • Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
  • Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
  • Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
  • Total debt: Short-term borrowings and the current part of long-term debt plus long-term debt, at carrying value.
  • Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

    Recent filings

    FormFiledPeriod
    10-QOct 1, 2026Aug 31, 2026
    10-QJun 25, 2026May 31, 2026
    10-QMar 31, 2026Feb 28, 2026
    DEF 14AFeb 18, 2026Nov 30, 2025
    10-KJan 22, 2026Nov 30, 2025

    Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

    Common questions about McCormick

    How does McCormick make money?

    McCormick's revenue was $6.8B in fiscal 2025. By segment in FY2025: Consumer (58%) and Flavor Solutions (42%), as shares of total revenue. Total revenue was $6.8B. Source: 10-K for fiscal 2025, filed Jan 22, 2026.

    What was McCormick's revenue in fiscal 2025?

    $6.8B of revenue for the fiscal year ended Nov 30, 2025, up 1.7% from $6.7B in fiscal 2024. Fiscal 2023 was $6.7B. Source: 10-K for fiscal 2025, filed Jan 22, 2026.

    Is McCormick profitable?

    McCormick reported net income of $789M for fiscal 2025, up 0.1% from $788M in fiscal 2024. That is a profit under US accounting rules (GAAP). In the quarter ended Aug 31, 2026, net income was $98M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Jan 22, 2026.

    What did McCormick report in its latest quarterly filing?

    Revenue was $2.0B in the quarter ended Aug 31, 2026, up 17.4% from $1.7B a year earlier. Net income was $98M, down 56.7% from $226M. Source: 10-Q for the quarter ended Aug 31, 2026, filed Oct 1, 2026.

    How much cash and debt does McCormick have?

    McCormick had $331M in cash and cash equivalents and $5.0B of total debt on Aug 31, 2026. Total debt here is short-term borrowings and the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Oct 1, 2026.

    What are the main risks McCormick faces?

    McCormick's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Jan 22, 2026. Risks that are common among companies in the packaged foods & meats industry include Costs; consumer habits; retail customers; regulation and safety; competition. The first: Commodity, packaging and freight costs can rise faster than prices. Source: 10-K, Item 1A Risk Factors.

    Where do these McCormick numbers come from?

    From McCormick's own SEC filings: the 10-K for fiscal 2025 (filed Jan 22, 2026) and the 10-Q for the quarter ended Aug 31, 2026 (filed Oct 1, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.

    Tracked funds that report owning McCormick

    From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

    Disclosures

    Editor holdings in MKC
    The editor holds no position in McCormick (MKC). As of Nov 11, 2026.
    Trading rule
    The editor does not buy or sell MKC from 3 days before to 3 days after this page is published or substantively updated.
    Compensation
    Nobody paid for this page. No affiliate links on this page.
    Sources
    The company's SEC filings, linked next to each number or, for charts, in the source line under them.
    Last updated
    Nov 10, 2026

    General education, the same for every reader. Not a recommendation to buy, sell or hold MKC, and it doesn't consider your situation.

    Compare with peers

    CompanyFiscal yearRevenueRevenue growthNet income
    McCormickMKCFY2025$6.8B+1.7%$789M
    MondelezMDLZFY2025$38.5B+5.8%$2.5B
    HersheyHSYFY2025$11.7B+4.4%$883M
    Kraft HeinzKHCFY2025$24.9B−3.5%−$5.8B
    Tyson FoodsTSNFY2025$54.4B+2.1%$474M

    Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

    More company files

    New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.