Pulling SEC filings + quote and writing the call…
MCCORMICK & CO INC
Next earnings ≈ Sep 24, 2026 · est. from filing cadence
Last earnings +1.5% on 2026-06-25
Steady spice-and-flavor staple deleveraging with a 37.9% gross margin, but growth is flat and the multiple is fair.
Revenue $6.84B · FY2025
Middling fundamentals and a rich price (~46% above fair value) leave little margin of safety — a wait-and-see.
McCormick is a high-quality consumer-staples flavor leader, and the FY2025 numbers show exactly what you'd expect: stability without growth. Revenue edged up 1.7% to $6.84B and net income was essentially flat at $789M (+0.1%), with diluted EPS of $2.93 up just 0.3%. Gross margin of 37.9% and operating margin of 15.7% confirm pricing power and a defensive, branded portfolio, but the multi-year history (revenue from $6.32B in FY2021 to $6.84B in FY2025) is one of low-single-digit compounding rather than dynamism.
The balance sheet is improving. Total liabilities fell 4.1% and long-term debt dropped 13.6% to $3.11B, while equity rose 8.4% to $5.74B and retained earnings grew 7.7% to $3.82B, bringing leverage to a manageable 1.30x liabilities-to-equity. Operating cash flow of $962M (up 4.4%) comfortably covers the $483M dividend (raised 7.1%) and modest $222M capex (down 19.3%), supporting McCormick's reputation as a reliable dividend grower.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:46 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $6.32B | $6.35B | $6.66B | $6.72B | $6.84B |
| Gross profit | $2.49B | $2.27B | $2.50B | $2.59B | $2.59B |
| Operating income | $1.02B | $864M | $963M | $1.06B | $1.07B |
| Net income | $755M | $682M | $681M | $789M | $789M |
| Diluted EPS | $2.80 | $2.52 | $2.52 | $2.92 | $2.93 |
| Net margin | 12.0% | 10.7% | 10.2% | 11.7% | 11.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Sources: SEC EDGAR (CIK 0000063754, latest 10-Q filed 2026-06-25) · EODHD · Proprietary analysis · as of 6/21/2026, 8:46:25 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.
| 2026-04-28 | Sheppard Valarie L Director | Acquired (J) | 3.29 @ $51.81 | $170.45 |
| 2026-04-28 | THOMAS TERRY S Director | Acquired (J) | 3.78 @ $51.81 | $195.84 |
| 2026-04-28 | Foust Andrew Chief Integration Officer | Acquired (J) | 51.87 @ $51.81 | $2.69K |
| 2026-04-28 | Foust Andrew Chief Integration Officer | Acquired (J) | 3.16 @ $51.81 | $163.72 |
| 2026-04-27 | Foley Brendan M Chairman, President & CEO | Acquired (J) | 11.00 @ $51.41 | $565.46 |
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
1194 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.