McCormick & Co Inc (MKC) financial statements: income statement, balance sheet and cash flow
McCormick & Co Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Nov 30, 2025 · FY), McCormick & Co Inc reported revenue of $6.8B (+1.7% year on year) and net income of $789.4M (+0.1% year on year).
Income statement
McCormick & Co Inc income statement, fiscal years
Line item
Nov 30, 2025 · FY
Nov 30, 2024 · FY
Nov 30, 2023 · FY
Nov 30, 2022 · FY
Net sales
$6.8B
$6.7B
$6.7B
$6.4B
Cost of goods sold
$4.2B
$4.1B
$4.2B
$4.1B
Gross profit
$2.6B
$2.6B
$2.5B
$2.3B
Selling, general and administrative expense
$1.5B
$1.5B
$1.5B
$1.4B
Special charges
$21.1M
$9.5M
$61.2M
$51.6M
Operating income
$1.1B
$1.1B
$963.0M
$863.6M
Interest expense
$196.2M
$209.4M
$208.2M
$149.1M
Other income, net
$38.4M
$47.4M
$43.9M
$98.3M
Income from consolidated operations before income taxes
$913.0M
$898.3M
$798.7M
$812.8M
Income tax expense
$195.8M
$184.0M
$174.5M
$168.6M
Net income from consolidated operations
$717.2M
$714.3M
$624.2M
$644.2M
Income from unconsolidated operations
$72.2M
$74.2M
$56.4M
$37.8M
Net income
$789.4M
$788.5M
$680.6M
$682.0M
Earnings per share–basic (usd per share)
$2.94
$2.94
$2.54
$2.54
Earnings per share–diluted (usd per share)
$2.93
$2.92
$2.52
$2.52
McCormick & Co Inc income statement, quarters
Line item
Aug 31, 2026 · Q3
May 31, 2026 · Q2
Feb 28, 2026 · Q1
Aug 31, 2025 · Q3
Net sales
$2.0B
$1.9B
$1.9B
$1.7B
Cost of goods sold
$1.2B
$1.2B
$1.2B
$1.1B
Gross profit
$794.9M
$778.2M
$708.9M
$645.1M
Selling, general and administrative expense
$436.4M
$441.8M
$456.3M
$352.5M
Special charges
$141.5M
$60.0M
$25.1M
$3.9M
Operating income
$217.0M
$276.4M
$227.5M
$288.7M
Interest expense
$68.4M
$62.7M
$47.3M
$50.2M
Other income, net
$5.9M
$6.5M
$4.8M
$9.4M
Income from consolidated operations before income taxes
$154.5M
$220.2M
$185.0M
$247.9M
Income tax expense
$49.9M
$63.5M
$48.7M
$39.3M
Net income from consolidated operations
$104.6M
$156.7M
$136.3M
$208.6M
Income from unconsolidated operations
$3.0M
$3.5M
$886.0M
$16.9M
Net income
$107.6M
$160.2M
$1.0B
—
Net income attributable to non-controlling interests
$10.0M
$10.1M
$6.1M
—
Net income attributable to McCormick & Company
$97.6M
$150.1M
$1.0B
$225.5M
Earnings per share - basic (usd per share)
$0.36
$0.56
$3.78
$0.84
Earnings per share - diluted (usd per share)
$0.36
$0.56
$3.77
$0.84
Average shares outstanding - basic (shares)
269.3M
269.2M
268.8M
268.6M
Average shares outstanding - diluted (shares)
269.4M
269.2M
269.4M
269.3M
Cash dividends paid per common share (usd per share)
$0.48
$0.48
$0.48
$0.45
Balance sheet
McCormick & Co Inc balance sheet, fiscal years
Line item
Nov 30, 2025 · FY
Nov 30, 2024 · FY
Nov 30, 2023 · FY
Nov 30, 2022 · FY
Cash and cash equivalents
$95.9M
$186.1M
$166.6M
$334.0M
Trade accounts receivable, net of allowances
$628.9M
$587.4M
$587.5M
$573.7M
Inventories
$1.3B
$1.2B
$1.1B
$1.3B
Prepaid expenses and other current assets
$141.3M
$125.6M
$121.0M
$138.9M
Total current assets
$2.1B
$2.1B
$2.0B
$2.4B
Property, plant and equipment, net
$1.4B
$1.4B
$1.3B
$1.2B
Goodwill
$5.3B
$5.2B
$5.3B
$5.2B
Intangible assets, net
$3.3B
$3.3B
$3.4B
$3.4B
Other long-term assets
$1.0B
$971.9M
$919.2M
$939.4M
Total assets
$13.2B
$13.1B
$12.9B
$13.1B
Short-term borrowings
$381.4M
$483.1M
$272.2M
$1.2B
Current portion of long-term debt
$509.1M
$265.2M
$799.3M
$270.6M
Trade accounts payable
$1.3B
$1.2B
$1.1B
$1.2B
Other accrued liabilities
$912.3M
$896.4M
$908.1M
$754.1M
Total current liabilities
$3.1B
$2.9B
$3.1B
$3.4B
Long-term debt
$3.1B
$3.6B
$3.3B
$3.6B
Deferred taxes
$835.8M
$840.5M
$861.2M
$866.3M
Other long-term liabilities
$428.5M
$436.6M
$478.8M
$484.7M
Total liabilities
$7.4B
$7.8B
$7.8B
$8.4B
Common stock
$2.3B
$2.2B
$2.2B
$2.1B
Retained earnings
$3.8B
$3.5B
$3.2B
$3.0B
Accumulated other comprehensive loss
($363.1M)
($491.2M)
($388.6M)
($480.6M)
Stockholders' Equity Attributable to Parent
$5.7B
$5.3B
$5.1B
$4.7B
Non-controlling interests
$31.6M
$25.8M
$22.8M
$18.7M
Total shareholders’ equity
$5.8B
$5.3B
$5.1B
$4.7B
Total liabilities and shareholders’ equity
$13.2B
$13.1B
$12.9B
$13.1B
McCormick & Co Inc balance sheet, quarters
Line item
Aug 31, 2026
May 31, 2026
Feb 28, 2026
Aug 31, 2025
Cash and cash equivalents
$331.1M
$331.2M
$177.7M
$94.9M
Trade accounts receivable, net of allowances
$831.5M
$709.4M
$829.2M
$668.7M
Finished products
$721.1M
$694.7M
$665.4M
$657.2M
Raw materials and work-in-process
$725.0M
$713.9M
$701.1M
$666.4M
Total inventory
$1.4B
$1.4B
$1.4B
$1.3B
Prepaid expenses and other current assets
$296.1M
$339.6M
$235.9M
$136.8M
Total current assets
$2.9B
$2.8B
$2.6B
$2.2B
Property, plant and equipment, net
$1.5B
$1.5B
$1.5B
$1.4B
Goodwill
$6.3B
$6.3B
$6.3B
$5.3B
Intangible assets, net
$5.0B
$4.9B
$5.0B
$3.3B
Other long-term assets
$945.3M
$954.7M
$948.6M
$986.5M
Total assets
$16.7B
$16.5B
$16.3B
$13.2B
Short-term borrowings
$1.3B
$1.3B
$1.3B
$496.1M
Current portion of long-term debt
$771.9M
$9.5M
$9.4M
$757.3M
Trade accounts payable
$1.5B
$1.5B
$1.4B
$1.2B
Other accrued liabilities
$826.6M
$720.6M
$731.2M
$669.8M
Total current liabilities
$4.4B
$3.6B
$3.4B
$3.1B
Long-term debt
$2.9B
$3.6B
$3.6B
$3.1B
Deferred taxes
$1.3B
$1.3B
$1.3B
$822.1M
Other long-term liabilities
$414.4M
$407.6M
$420.1M
$416.4M
Total liabilities
$9.1B
$8.9B
$8.8B
$7.5B
Common stock
$2.3B
$2.3B
$2.3B
$2.3B
Retained earnings
$4.8B
$4.8B
$4.8B
$3.8B
Accumulated other comprehensive loss
($138.0M)
($161.4M)
($148.9M)
($361.1M)
Total McCormick & Company shareholders’ equity
$7.0B
$7.0B
$7.0B
$5.8B
Non-controlling interests
$583.8M
$577.7M
$575.8M
$30.8M
Total shareholders’ equity
$7.6B
$7.6B
$7.6B
$5.8B
Total liabilities and shareholders’ equity
$16.7B
$16.5B
$16.3B
$13.2B
Cash flow statement
McCormick & Co Inc cash flow statement, fiscal years
Line item
Nov 30, 2025 · FY
Nov 30, 2024 · FY
Nov 30, 2023 · FY
Nov 30, 2022 · FY
Net income
$789.4M
$788.5M
$680.6M
$682.0M
Depreciation and amortization
$231.3M
$208.8M
$199.3M
$200.6M
Stock-based compensation
$46.2M
$47.4M
$63.4M
$60.3M
Loss on the sale of a business
$0
$0
$1.2M
($63.2M)
(Gain) loss on sale of assets
$0
($2.1M)
$200.0K
($500.0K)
Deferred income tax benefit
($6.5M)
($30.3M)
($5.4M)
$21.8M
Income from unconsolidated operations
($72.2M)
($74.2M)
($56.4M)
($37.8M)
Trade accounts receivable
($14.7M)
($20.5M)
$3.4M
($45.8M)
Inventories
$23.9M
($125.0M)
$225.0M
($205.3M)
Trade accounts payable
$1.2M
$135.1M
($68.1M)
$125.3M
Other assets and liabilities
($94.2M)
($72.6M)
$109.0M
($129.9M)
Dividends received from unconsolidated affiliates
$57.8M
$66.8M
$85.1M
$34.0M
Net cash flow provided by operating activities
$962.2M
$921.9M
$1.2B
$651.5M
Acquisition of business
($34.1M)
—
$0
$0
Proceeds from sale of business
$0
$0
$1.0M
$95.2M
Capital expenditures (including software)
($221.8M)
($274.9M)
($263.9M)
—
Other investing activities
$700.0K
$5.9M
$2.4M
$6.8M
Net cash flow used in investing activities
($255.2M)
($269.0M)
($260.5M)
($146.4M)
Short-term borrowings (repayments), net
($101.4M)
$211.1M
($964.6M)
$698.3M
Long-term debt borrowings
$2.7M
$495.5M
$496.4M
$0
Payment of debt issuance costs
$0
($1.0M)
($1.1M)
$0
Long-term debt repayments
($267.9M)
($801.1M)
($268.1M)
($772.0M)
Proceeds from exercised stock options
$20.9M
$17.5M
$16.6M
$41.4M
Taxes withheld and paid on employee stock awards
($13.2M)
($9.0M)
($10.8M)
($19.4M)
Common stock acquired by purchase
($34.8M)
($53.1M)
($35.7M)
($38.8M)
Dividends paid
($483.0M)
($451.0M)
($418.5M)
($396.7M)
Other financing activities
$35.8M
$8.0M
$1.6M
—
Net cash flow used in financing activities
($840.9M)
($583.1M)
($1.2B)
($487.2M)
Effect of exchange rate changes on cash and cash equivalents
$43.7M
($50.3M)
$40.0M
($35.6M)
Increase (decrease) in cash and cash equivalents
($90.2M)
$19.5M
($167.4M)
($17.7M)
Cash and cash equivalents at beginning of year
$186.1M
$166.6M
$334.0M
$351.7M
Cash and cash equivalents at end of year
$95.9M
$186.1M
$166.6M
$334.0M
McCormick & Co Inc cash flow statement, quarters
Line item
Aug 31, 2026 · YTD
May 31, 2026 · YTD
Feb 28, 2026 · Q1
Aug 31, 2025 · YTD
Net income
$1.3B
$1.2B
$1.0B
$562.8M
Depreciation and amortization
$213.1M
$136.5M
$63.0M
$172.1M
Stock-based compensation
$34.5M
$29.3M
$20.7M
$37.3M
Amortization of inventory fair value adjustments associated with acquisition
$15.0M
$15.0M
$15.0M
—
Asset impairments included in special charges
$43.1M
—
—
—
Deferred income tax benefit
($21.8M)
($11.3M)
($7.5M)
($15.8M)
Income from unconsolidated operations
($25.7M)
($22.7M)
($19.2M)
($54.0M)
Gain on remeasurement of previously held equity interest
($866.8M)
($866.8M)
($866.8M)
—
Trade accounts receivable
$10.2M
$129.4M
$18.7M
($51.9M)
Inventories
($44.6M)
($6.3M)
$35.1M
($26.0M)
Trade accounts payable
($9.8M)
$30.2M
($98.7M)
($62.5M)
Other assets and liabilities
($55.3M)
($199.6M)
($145.6M)
($181.2M)
Dividends from unconsolidated affiliates
$16.8M
$14.5M
$13.9M
$39.4M
Net cash flow provided by operating activities
$598.8M
$430.7M
$50.9M
$420.2M
Acquisition of business, net of cash acquired
($729.9M)
($729.9M)
($729.9M)
($34.1M)
Capital expenditures (including software)
($131.2M)
($75.2M)
($32.5M)
($138.1M)
Net cash flow used in investing activities
($861.1M)
($805.1M)
($762.4M)
($172.2M)
Short-term borrowings, net
$958.8M
$945.2M
$928.5M
$13.2M
Long-term debt borrowings (net of debt issuance costs of $1.1)
$498.3M
$497.7M
$497.4M
$2.4M
Debt financing fees paid
($75.0M)
($51.0M)
—
—
Long-term debt repayments
($506.7M)
($504.4M)
($502.2M)
($15.7M)
Proceeds from exercised stock options
$23.9M
$13.6M
$12.6M
$15.1M
Taxes withheld and paid on employee stock awards
($11.9M)
($11.9M)
($9.2M)
($13.2M)
Common stock acquired by purchase
($10.9M)
($10.9M)
($10.9M)
($29.2M)
Dividends paid
($387.0M)
($257.9M)
($128.9M)
($362.2M)
Dividends paid to joint venture partners
($20.8M)
($8.4M)
—
—
Other financing activities
$21.6M
($9.3M)
($5.6M)
$11.3M
Net cash flow provided by (used in) financing activities
$490.3M
$602.7M
$781.7M
($378.3M)
Effect of exchange rate changes on cash and cash equivalents