McCormick & CompanyMKCEarnings & Financial Report
McCormick & Company, Incorporated is an American food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products to retail outlets, food manufacturers, and food service businesses.
Revenue
$1.7B
Gross Profit
$649.9M
Operating Profit
$286.5M
Net Profit
$223.1M
Gross Margin
38.7%
Operating Margin
17.1%
Net Margin
13.3%
YoY Growth
-0.3%
EPS
$0.83
McCormick & Company Q3 FY2024 Financial Summary
McCormick & Company reported revenue of $1.7B (down 0.3% YoY) for Q3 FY2024, with a net profit of $223.1M (up 31.2% YoY) (13.3% margin). Cost of goods sold was $1.0B, operating expenses totaled $363.4M.
Key Financial Metrics
| Total Revenue | $1.7B |
|---|---|
| Net Profit | $223.1M |
| Gross Margin | 38.7% |
| Operating Margin | 17.1% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
McCormick & Company Q3 FY2024 revenue of $1.7B breaks down across 2 segments, led by Consumer at $937.4M (55.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Consumer | $937.4M | 55.8% |
| Flavor Solutions | $742.4M | 44.2% |
McCormick & Company Revenue by Segment — Quarterly Trend
McCormick & Company revenue by segment across the last 4 reported quarters, showing how each business line (such as Consumer and Flavor Solutions) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Consumer | $1.1B | $973.2M | $930.6M | $919.2M |
| Flavor Solutions | $723.1M | $751.7M | $728.9M | $686.3M |
McCormick & Company Annual Revenue by Year
McCormick & Company annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $6.8B |
| 2024 | $6.7B |
McCormick & Company Quarterly Revenue & Net Profit History
McCormick & Company results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.9B | +2.9% | $226.6M | 12.2% |
| Q3 FY2025 | $1.7B | +2.7% | $225.5M | 13.1% |
| Q2 FY2025 | $1.7B | +1.0% | $175.0M | 10.5% |
| Q1 FY2025 | $1.6B | +0.2% | $162.3M | 10.1% |
| Q4 FY2024 | $1.8B | +2.6% | $215.2M | 12.0% |
| Q3 FY2024 | $1.7B | -0.3% | $223.1M | 13.3% |
| Q2 FY2024 | $1.6B | -1.0% | $184.2M | 11.2% |
| Q1 FY2024 | $1.6B | +2.4% | $166.0M | 10.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.60B | $1.64B | $1.68B | $1.80B | $1.61B | $1.66B | $1.72B | $1.85B |
| YoY Growth | 2.4% | -1.0% | -0.3% | 2.6% | 0.2% | 1.0% | 2.7% | 2.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $12.89B | $12.99B | $13.20B | $13.07B | $12.90B | $13.19B | $13.25B | $13.20B |
| Liabilities | $7.63B | $7.63B | $7.75B | $7.75B | $7.45B | $7.56B | $7.46B | $7.43B |
| Equity | $5.23B | $5.33B | $5.42B | $5.29B | $5.42B | $5.60B | $5.75B | $5.74B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $138.4M | $163.1M | $161.7M | $458.7M | $115.5M | $45.9M | $258.8M | $542.0M |