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Screener / SEC EDGAR /CIK 0000063754 /10-K filed Jan 22, 2026, compared with Jan 23, 2025 /Numbers from the XBRL of the 10-Ks
Consumer staples peers:
CHDMNSTBF-BSTZSJMMKC
NYSE Consumer staples · Packaged Foods

McCormick & Company MKC

MKC quote by TradingView

McCormick is a global leader in flavor. We manufacture, market, and distribute herbs, spices, seasoning mixes, condiments, and other flavorful products to the entire food and beverage industry: retailers, food manufacturers, and foodservice businesses. 10-K, Item 1

Employees
14,100
Headquarters
Hunt Valley, MD
CEO
Brendan M. Foley
Next results
around Jan 21, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $6.8B through the costs to a net profit of $789.4M · income statement of the 10-K

16% operating margin
Revenue to Gross profit: $2.6BRevenue to Cost of revenue: $4.2BGross profit to Operating profit: $1.1BGross profit to Operating expenses: $1.5BOperating profit to Net profit: $789.4MOperating profit to Tax & other: $281.4MOperating expenses to R&D: $106.1MOperating expenses to Sales, admin & other: $1.4B Revenue: $6.8B REVENUE $6.8B +2% Y/Y Gross profit: $2.6B · 38% margin GROSS PROFIT $2.6B 38% margin · +0% Y/Y Cost of revenue: $4.2B · 62% of revenue COST OF REVENUE $4.2B 62% of revenue Operating profit: $1.1B · 16% margin OPERATING PROFIT $1.1B 16% margin · +1% Y/Y Operating expenses: $1.5B · 22% of revenue OPERATING EXPENSES $1.5B 22% of revenue Net profit: $789.4M · 12% margin NET PROFIT $789.4M 12% margin · +0% Y/Y Tax & other: $281.4M · 4% of revenue TAX & OTHER $281.4M 4% of revenue R&D: $106.1M · 2% of revenue R&D $106.1M 2% of revenue Sales, admin & other: $1.4B · 21% of revenue SALES, ADMIN & OTHER $1.4B 21% of revenue
Gross profit $2.6B 38% margin · +0% Y/Y
Operating profit $1.1B 16% margin · +1% Y/Y
Net profit $789.4M 12% margin · +0% Y/Y
The full income statement, year by year

MKC among Consumer staples peers

Six ratios from the latest 10-K. Each corner is the share of 32 peers the company is above, not a score.

Compare
Revenue growth: 1.7%, above 44% of 32 peers (their median 2.2%) REVENUE GROWTH 1.7% · above 44% Gross margin: 39.1%, above 50% of 30 peers (their median 40.3%) GROSS MARGIN 39.1% · above 50% Operating margin: 13.4%, above 46% of 28 peers (their median 14.1%) OPERATING MARGIN 13.4% · above 46% Net margin: 19.4%, above 81% of 32 peers (their median 7.6%) NET MARGIN 19.4% · above 81% FCF margin: 12.0%, above 59% of 32 peers (their median 10.4%) FCF MARGIN 12.0% · above 59% Return on capital: 7.0%, above 25% of 24 peers (their median 12.3%) RETURN ON CAPITAL 7.0% · above 25%
MKC Peer median Below the median

What changed

5 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Jan 22, 2026 against Jan 23, 2025.

Risk factors
5 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Auditor change
8-K item 4.01 (change in certifying accountant) filed Sep 28, 2026
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
1 open-market buy in the last 90 days
Form 4
Filings
0 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Auditor change
    8-K item 4.01 (change in certifying accountant) filed Sep 28, 2026
  • Receivables +7.1% vs revenue +1.7% (+5.3 pts)
9 more checks with nothing to note
  • Cash from operations $962.2M vs net income $789.4M (FY ending Nov 30, 2025)
  • Inventory +2.6% vs revenue +1.7% (+0.9 pts)
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Valuation of Indefinite-lived Intangible Assets
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

5 paragraphs in Risk Factors that were not in the 10-K filed Jan 23, 2025. Quoted as filed.

All 5 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Jan 23, 2025 10-K, ITEM 1A
    Changes in global trade policies, including tariffs, have caused inflationary pressures and higher costs on certain raw materials and imports. These actions have impacted our business through increased costs and uncertainty. If maintained, the tariffs, as well as related measures that have been taken and which could be taken by other…
  2. Item 1A · new paragraph · not in the 10-K filed Jan 23, 2025 10-K, ITEM 1A
    Changes in the political conditions in markets in which we manufacture, sell or distribute our products, as well as changing geopolitical conditions, including conflicts, may be difficult to predict and may adversely affect our business and financial results. Results of elections, referendums, sanctions or other political processes and…

New risk paragraphs, against peers

Latest 10-K of each, Consumer staples companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$6.4B$6.7B$6.7B$6.8B
Net income$682.0M$680.6M$788.5M$789.4M
Operating cash flow$651.5M$1.2B$921.9M$962.2M
Free cash flow$389.5M$973.4M$647.0M$740.4M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$6.8B ▲ 1.7% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

No new filings in the last 30 days · SEC EDGAR

All filings

Nothing new. The most recent filings:

About the company

McCormick & Company, Hunt Valley, MD · from the 10-K filed Jan 22, 2026

McCormick is a global leader in flavor. We manufacture, market, and distribute herbs, spices, seasoning mixes, condiments, and other flavorful products to the entire food and beverage industry: retailers, food manufacturers, and foodservice businesses. We also are partners in a number of joint ventures that are involved in the manufacture and sale of flavorful products, the most significant of which is McCormick de Mexico. Our major sales, distribution, and production facilities are located in North America, Europe, and China. Additional facilities are based in Australia, Central America, Thailand, and South Africa.

Headquarters
Hunt Valley, MD
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
November 30
Last results
Oct 1, 2026
Incorporated in
MD

Employees, at the top of the page: "As of November 30, 2025, we had approximately 14,100 full-time employees worldwide" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Jan 22, 2026 (open at SEC), compared with the 10-K filed Jan 23, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/MKC/export.csv") into a cell.