financial statements

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.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	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 YoY+1.7%	6.72B YoY+0.9%	6.66B YoY+4.9%	6.35B YoY+0.5%	6.32B YoY+12.8%
	2.59B YoY+0.0%	2.59B YoY+3.5%	2.50B YoY+10.0%	2.27B YoY-8.8%	2.49B YoY+8.4%
Cost of revenue	4.25B YoY+2.8%	4.13B YoY-0.6%	4.16B YoY+2.1%	4.08B YoY+6.6%	3.82B YoY+15.8%
Research & development	106M YoY+3.1%	103M YoY+8.4%	94.9M YoY+8.5%	87.5M YoY+0.2%	87.3M YoY+27.3%
Selling, general & administrative	1.50B YoY-1.4%	1.52B YoY+2.9%	1.48B YoY+8.9%	1.36B YoY-3.3%	1.40B YoY+9.6%
Amortization of intangibles	35.2M YoY+0.6%	35.0M YoY+0.3%	34.9M YoY-0.6%	35.1M YoY-1.4%	35.6M YoY+76.2%
Operating income	1.07B YoY+1.0%	1.06B YoY+10.1%	963M YoY+11.5%	864M YoY-14.9%	1.02B YoY+1.6%
Interest expense	196M YoY-6.3%	209M YoY+0.6%	208M YoY+39.6%	149M YoY+9.2%	137M YoY+0.7%
Other non-operating income	38.4M YoY-19.0%	47.4M YoY+8.0%	43.9M YoY-55.3%	98.3M YoY+468.2%	17.3M YoY-1.7%
Equity-method income	72.2M YoY-2.7%	74.2M YoY+31.6%	56.4M YoY+49.2%	37.8M YoY-27.6%	52.2M YoY+27.9%
Pre-tax income	913M YoY+1.6%	898M YoY+12.5%	799M YoY-1.7%	813M YoY-9.3%	896M YoY+1.6%
Income tax	196M YoY+6.4%	184M YoY+5.4%	175M YoY+3.5%	169M YoY-12.5%	193M YoY+10.2%
	789M YoY+0.1%	789M YoY+15.9%	681M YoY-0.2%	682M YoY-9.7%	755M YoY+1.1%
Net income to non-controlling interest	-6.10M YoY+18.7%	-7.50M YoY-36.4%	-5.50M YoY+11.3%	-6.20M YoY+22.5%	-8.00M YoY-86.0%
	$2.93 YoY+0.3%	$2.92 YoY+15.9%	$2.52 YoY+0.0%	$2.52 YoY-10.0%	$2.80 YoY+0.7%
EPS (basic)	$2.94 YoY+0.0%	$2.94 YoY+15.7%	$2.54 YoY+0.0%	$2.54 YoY-10.2%	$2.83 YoY+1.1%
Weighted-avg shares (basic)	269M YoY+0.0%	269M YoY+0.0%	268M YoY+0.1%	268M YoY+0.3%	267M YoY+0.3%
Weighted-avg shares (diluted)	269M YoY-0.1%	270M YoY-0.1%	270M YoY-0.1%	270M YoY+0.1%	270M YoY+0.3%
Dividends per share	$1.83 YoY+7.0%	$1.71 YoY+7.5%	$1.59 YoY+6.0%	$1.50 YoY+7.9%	$1.39 YoY+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 YoY-0.0%	2.14B YoY+6.9%	2.00B YoY-16.1%	2.39B YoY+8.7%	2.20B YoY+5.4%
Cash & equivalents	95.9M YoY-48.5%	186M YoY+11.7%	167M YoY-50.1%	334M YoY-5.0%	352M YoY-17.0%
Accounts receivable	629M YoY+7.1%	587M YoY-0.0%	588M YoY+2.4%	574M YoY+4.4%	550M YoY+4.0%
Inventory	1.27B YoY+2.6%	1.24B YoY+10.1%	1.13B YoY-15.9%	1.34B YoY+13.3%	1.18B YoY+14.5%
Prepaid expenses	141M YoY+12.5%	126M YoY+3.8%	121M YoY-12.9%	139M YoY+23.7%	112M YoY+13.5%
Other current assets	88.1M YoY+18.9%	74.1M YoY+1.0%	73.4M YoY-4.9%	77.2M YoY+9.3%	70.6M YoY+15.9%
	13.2B YoY+1.0%	13.1B YoY+1.6%	12.9B YoY-2.0%	13.1B YoY+1.7%	12.9B YoY+6.8%
Property, plant & equipment	1.45B YoY+2.5%	1.41B YoY+6.7%	1.32B YoY+10.6%	1.20B YoY+5.1%	1.14B YoY+10.9%
Operating lease right-of-use	217M YoY+2.7%	211M YoY-4.1%	220M YoY+0.5%	219M YoY+60.0%	137M YoY+0.0%
Goodwill	5.30B YoY+1.4%	5.23B YoY-0.6%	5.26B YoY+0.9%	5.21B YoY-2.3%	5.34B YoY+7.0%
Intangible assets	3.29B YoY-0.8%	3.32B YoY-1.1%	3.36B YoY-0.9%	3.39B YoY-1.9%	3.45B YoY+6.6%
Long-term investments	133M YoY+1.8%	131M YoY+13.5%	115M YoY-0.1%	115M YoY-16.2%	137M YoY+5.7%
Other non-current assets	80.9M YoY+0.0%	80.9M YoY+0.0%	80.9M YoY+0.0%	80.9M YoY+0.0%	80.9M YoY+0.0%
	3.06B YoY+6.2%	2.88B YoY-7.0%	3.10B YoY-9.7%	3.43B YoY+6.5%	3.22B YoY+5.8%
Accounts payable	1.26B YoY+1.7%	1.24B YoY+10.6%	1.12B YoY-4.4%	1.17B YoY+10.0%	1.06B YoY+3.1%
Short-term & current debt	509M YoY+92.0%	265M YoY-66.8%	799M YoY+195.4%	271M YoY-64.9%	770M YoY+191.9%
Current lease liability	58.9M YoY+5.7%	55.7M YoY+4.5%	53.3M YoY-2.0%	54.4M YoY+58.6%	34.3M YoY-8.0%
	7.43B YoY-4.1%	7.75B YoY-0.3%	7.78B YoY-7.7%	8.43B YoY-0.6%	8.48B YoY+4.1%
Long-term debt	3.11B YoY-13.6%	3.59B YoY+7.6%	3.34B YoY-8.3%	3.64B YoY-8.3%	3.97B YoY+5.8%
Non-current lease liability	168M YoY+0.7%	167M YoY-7.4%	180M YoY+2.2%	176M YoY+66.0%	106M YoY+2.5%
Deferred tax liabilities	836M YoY-0.6%	841M YoY-2.4%	861M YoY-0.6%	866M YoY+9.3%	792M YoY+9.0%
Other non-current liabilities	429M YoY-1.9%	437M YoY-8.8%	479M YoY-1.2%	485M YoY-1.3%	491M YoY-21.1%
	5.74B YoY+8.4%	5.29B YoY+4.6%	5.06B YoY+8.1%	4.68B YoY+6.1%	4.41B YoY+12.4%
Retained earnings	3.82B YoY+7.7%	3.54B YoY+9.1%	3.25B YoY+7.5%	3.02B YoY+8.6%	2.78B YoY+15.2%
Accumulated other comprehensive income	-363M YoY+26.1%	-491M YoY-26.4%	-389M YoY+19.1%	-481M YoY-12.7%	-427M YoY+9.4%
Non-controlling interest	31.6M YoY+22.5%	25.8M YoY+13.2%	22.8M YoY+21.9%	18.7M YoY+29.0%	14.5M YoY+4.3%
Total equity incl. non-controlling	5.77B YoY+8.5%	5.32B YoY+4.6%	5.08B YoY+8.2%	4.70B YoY+6.2%	4.43B YoY+12.3%
Total liabilities & equity	13.2B YoY+1.0%	13.1B YoY+1.6%	12.9B YoY-2.0%	13.1B YoY+1.7%	12.9B YoY+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 YoY+4.4%	922M YoY-25.5%	1.24B YoY+89.9%	652M YoY-21.3%	828M YoY-20.5%
Depreciation & amortization	231M YoY+10.8%	209M YoY+4.8%	199M YoY-0.6%	201M YoY+7.7%	186M YoY+12.9%
Share-based compensation	46.2M YoY-2.5%	47.4M YoY-25.2%	63.4M YoY+5.1%	60.3M YoY-9.5%	66.6M YoY+44.8%
Deferred income taxes	-6.50M YoY+78.5%	-30.3M YoY-461.1%	-5.40M YoY-124.8%	21.8M YoY-39.4%	36.0M YoY+421.4%
Change in receivables	14.7M YoY-28.3%	20.5M YoY+702.9%	-3.40M YoY-107.4%	45.8M YoY+102.7%	22.6M YoY+570.8%
Change in inventory	-23.9M YoY-119.1%	125M YoY+155.6%	-225M YoY-209.6%	205M YoY+33.6%	154M YoY-23.2%
Change in payables	1.20M YoY-99.1%	135M YoY+298.4%	-68.1M YoY-154.3%	125M YoY+259.0%	34.9M YoY-78.7%
	-255M YoY+5.1%	-269M YoY-3.3%	-261M YoY-77.9%	-146M YoY+83.9%	-909M YoY+11.4%
Capital expenditure	222M YoY-19.3%	275M YoY+4.2%	264M YoY+0.7%	262M YoY-5.8%	278M YoY+23.4%
	-841M YoY-44.2%	-583M YoY+50.8%	-1.18B YoY-143.1%	-487M YoY-2314.5%	22.0M YoY-90.0%
Long-term debt issued	2.70M YoY-99.5%	496M YoY-0.2%	496M	0.00 YoY-100.0%	1.00B YoY+90.0%
Long-term debt repaid	268M YoY-66.6%	801M YoY+198.8%	268M YoY-65.3%	772M YoY+200.3%	257M YoY-0.2%
Net short-term debt	-101M YoY-148.0%	211M YoY+121.9%	-965M YoY-238.1%	698M YoY+301.4%	-347M YoY-221.0%
Common stock repurchased	34.8M YoY-34.5%	53.1M YoY+48.7%	35.7M YoY-8.0%	38.8M YoY+351.2%	8.60M YoY-81.8%
Dividends paid	483M YoY+7.1%	451M YoY+7.8%	419M YoY+5.5%	397M YoY+9.2%	363M YoY+10.1%
Other financing activities	35.8M YoY+347.5%	8.00M YoY+400.0%	1.60M	0.00	0.00
FX effect on cash	43.7M YoY+186.9%	-50.3M YoY-225.7%	40.0M YoY+212.4%	-35.6M YoY-161.8%	-13.6M YoY-143.0%
Net change in cash	-90.2M YoY-562.6%	19.5M YoY+111.6%	-167M YoY-845.8%	-17.7M YoY+75.4%	-71.9M YoY-126.8%
Interest paid	193M YoY-8.2%	210M YoY+3.2%	204M YoY+36.8%	149M YoY+9.7%	136M YoY+1.2%
Income taxes paid	240M YoY+8.4%	221M YoY+86.8%	118M YoY-38.5%	192M YoY+7.3%	179M YoY-2.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

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.

MKC▼ financial statements

About this data

financial statements