McCormick & Company Income Statement
MKC / Consumer Staples|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
McCormick & Company reported $6.8B in revenue and $789M in net income for FY2025. Revenue has grown at a 5.6% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.8B | $6.7B | $6.3B | $5.6B | $5.3B | $5.3B | $4.7B | $5.3B | $4.7B | $4.2B | $4.3B | $4.2B | $3.7B | $3.3B | $3.2B |
| Cost of Revenue | $4.2B | $4.1B | $3.8B | $3.3B | $3.2B | $3.2B | $2.9B | $3.2B | $2.9B | $2.5B | $2.6B | $2.5B | $2.2B | $1.9B | $1.9B |
| Gross Profit | $2.6B | $2.6B | $2.5B | $2.3B | $2.1B | $2.1B | $1.8B | $2.1B | $1.8B | $1.7B | $1.7B | $1.7B | $1.5B | $1.4B | $1.3B |
| SG&A Expense | $1.5B | $1.5B | $1.4B | $1.3B | $1.2B | $1.2B | $1.0B | $1.2B | $1.0B | $1.1B | $1.1B | $1.1B | $982.2M | $907.9M | $846.6M |
| R&D Expense | $106.1M | $102.9M | $87.3M | $68.6M | $67.3M | $69.4M | $66.1M | $69.4M | $66.1M | $62.0M | $60.8M | $62.0M | $58.1M | $52.7M | $48.9M |
| Operating Income | $1.1B | $1.1B | $1.0B | $999.5M | $957.7M | $891.1M | $699.8M | $891.1M | $699.8M | $603.0M | $548.4M | $603.0M | $540.3M | $509.8M | $466.9M |
| Interest Expense | $196.2M | $209.4M | $136.6M | $135.6M | $165.2M | $174.6M | $95.7M | $174.6M | $95.7M | $49.7M | $53.3M | $49.7M | $51.2M | $49.3M | $52.8M |
| Income Tax | $195.8M | $184.0M | $192.7M | $174.9M | $157.4M | -$157.3M | $151.3M | -$157.3M | $151.3M | $145.9M | $131.3M | $145.9M | $142.6M | $118.0M | $133.0M |
| Net Income | $789.4M | $788.5M | $755.3M | $747.4M | $702.7M | $933.4M | $477.4M | $933.4M | $477.4M | $437.9M | $401.6M | $437.9M | $374.2M | $370.2M | $299.8M |
| EPS (Basic) | $2.54 | $2.54 | $2.83 | $2.80 | $2.65 | $3.55 | $3.77 | $3.73 | $3.14 | $3.37 | $2.94 | $3.07 | $2.82 | $2.79 | $2.29 |
| EPS (Diluted) | $2.52 | $2.52 | $2.80 | $2.78 | $2.62 | $3.50 | $3.72 | $3.69 | $3.11 | $3.34 | $2.91 | $3.04 | $2.79 | $2.75 | $2.27 |
| Shares Outstanding | 269.8M | 270.2M | 269.9M | 269.1M | 268.1M | 266.5M | 128.4M | 128.0M | 129.2M | 131.0M | 133.6M | 134.3M | 134.3M | 134.7M | 132.3M |
| Gross Margin | 37.9% | 38.5% | 39.5% | 41.1% | 40.1% | 39.5% | 37.9% | 39.5% | 37.9% | 40.8% | 40.4% | 40.8% | 41.2% | 42.5% | 41.6% |
| Operating Margin | 15.7% | 15.8% | 16.1% | 17.8% | 17.9% | 16.8% | 14.8% | 16.8% | 14.8% | 14.2% | 12.8% | 14.2% | 14.6% | 15.3% | 14.6% |
| Profit Margin | 11.5% | 11.7% | 11.9% | 13.3% | 13.1% | 17.6% | 10.1% | 17.6% | 10.1% | 10.3% | 9.3% | 10.3% | 10.1% | 11.1% | 9.4% |