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Side-by-side financial comparison of Agilent Technologies (A) and McCormick & Company (MKC). Click either name above to swap in a different company.

McCormick & Company is the larger business by last-quarter revenue ($1.9B vs $1.8B, roughly 1.0× Agilent Technologies). Agilent Technologies runs the higher net margin — 17.0% vs 12.2%, a 4.7% gap on every dollar of revenue. On growth, Agilent Technologies posted the faster year-over-year revenue change (7.0% vs 2.9%). Over the past eight quarters, McCormick & Company's revenue compounded faster (7.5% CAGR vs 6.9%).

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...

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.

A vs MKC — Head-to-Head

Bigger by revenue
MKC
MKC
1.0× larger
MKC
$1.9B
$1.8B
A
Growing faster (revenue YoY)
A
A
+4.0% gap
A
7.0%
2.9%
MKC
Higher net margin
A
A
4.7% more per $
A
17.0%
12.2%
MKC
Faster 2-yr revenue CAGR
MKC
MKC
Annualised
MKC
7.5%
6.9%
A

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
A
A
MKC
MKC
Revenue
$1.8B
$1.9B
Net Profit
$305.0M
$226.6M
Gross Margin
52.6%
38.9%
Operating Margin
19.6%
16.8%
Net Margin
17.0%
12.2%
Revenue YoY
7.0%
2.9%
Net Profit YoY
-4.1%
5.3%
EPS (diluted)
$1.07
$0.84

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
A
A
MKC
MKC
Q1 26
$1.8B
Q4 25
$1.9B
$1.9B
Q3 25
$1.7B
$1.7B
Q2 25
$1.7B
$1.7B
Q1 25
$1.7B
$1.6B
Q4 24
$1.7B
$1.8B
Q3 24
$1.6B
$1.7B
Q2 24
$1.6B
$1.6B
Net Profit
A
A
MKC
MKC
Q1 26
$305.0M
Q4 25
$434.0M
$226.6M
Q3 25
$336.0M
$225.5M
Q2 25
$215.0M
$175.0M
Q1 25
$318.0M
$162.3M
Q4 24
$351.0M
$215.2M
Q3 24
$282.0M
$223.1M
Q2 24
$308.0M
$184.2M
Gross Margin
A
A
MKC
MKC
Q1 26
52.6%
Q4 25
53.2%
38.9%
Q3 25
51.1%
37.4%
Q2 25
51.9%
37.5%
Q1 25
53.5%
37.6%
Q4 24
53.9%
40.2%
Q3 24
54.2%
38.7%
Q2 24
54.4%
37.7%
Operating Margin
A
A
MKC
MKC
Q1 26
19.6%
Q4 25
23.8%
16.8%
Q3 25
20.7%
16.7%
Q2 25
18.0%
14.8%
Q1 25
22.4%
14.0%
Q4 24
24.0%
17.0%
Q3 24
21.1%
17.1%
Q2 24
23.1%
14.2%
Net Margin
A
A
MKC
MKC
Q1 26
17.0%
Q4 25
23.3%
12.2%
Q3 25
19.3%
13.1%
Q2 25
12.9%
10.5%
Q1 25
18.9%
10.1%
Q4 24
20.6%
12.0%
Q3 24
17.9%
13.3%
Q2 24
19.6%
11.2%
EPS (diluted)
A
A
MKC
MKC
Q1 26
$1.07
Q4 25
$1.53
$0.84
Q3 25
$1.18
$0.84
Q2 25
$0.75
$0.65
Q1 25
$1.11
$0.60
Q4 24
$1.23
$0.79
Q3 24
$0.97
$0.83
Q2 24
$1.05
$0.68

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
A
A
MKC
MKC
Cash + ST InvestmentsLiquidity on hand
$1.8B
$95.9M
Total DebtLower is stronger
$3.0B
$3.6B
Stockholders' EquityBook value
$6.9B
$5.7B
Total Assets
$12.8B
$13.2B
Debt / EquityLower = less leverage
0.44×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
A
A
MKC
MKC
Q1 26
$1.8B
Q4 25
$1.8B
$95.9M
Q3 25
$1.5B
$94.9M
Q2 25
$1.5B
$124.1M
Q1 25
$1.5B
$102.8M
Q4 24
$1.3B
$186.1M
Q3 24
$1.8B
$200.8M
Q2 24
$1.7B
$166.3M
Total Debt
A
A
MKC
MKC
Q1 26
$3.0B
Q4 25
$3.0B
$3.6B
Q3 25
$3.4B
$3.9B
Q2 25
$3.3B
$3.9B
Q1 25
$3.3B
$3.9B
Q4 24
$3.3B
$3.9B
Q3 24
$2.1B
$3.4B
Q2 24
$2.1B
$4.1B
Stockholders' Equity
A
A
MKC
MKC
Q1 26
$6.9B
Q4 25
$6.7B
$5.7B
Q3 25
$6.4B
$5.8B
Q2 25
$6.1B
$5.6B
Q1 25
$6.0B
$5.4B
Q4 24
$5.9B
$5.3B
Q3 24
$5.9B
$5.4B
Q2 24
$6.2B
$5.3B
Total Assets
A
A
MKC
MKC
Q1 26
$12.8B
Q4 25
$12.7B
$13.2B
Q3 25
$12.2B
$13.2B
Q2 25
$12.2B
$13.2B
Q1 25
$11.9B
$12.9B
Q4 24
$11.8B
$13.1B
Q3 24
$11.0B
$13.2B
Q2 24
$10.9B
$13.0B
Debt / Equity
A
A
MKC
MKC
Q1 26
0.44×
Q4 25
0.45×
0.63×
Q3 25
0.53×
0.67×
Q2 25
0.55×
0.69×
Q1 25
0.56×
0.71×
Q4 24
0.57×
0.73×
Q3 24
0.36×
0.63×
Q2 24
0.34×
0.77×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
A
A
MKC
MKC
Operating Cash FlowLast quarter
$268.0M
$542.0M
Free Cash FlowOCF − Capex
$175.0M
FCF MarginFCF / Revenue
9.7%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
0.88×
2.39×
TTM Free Cash FlowTrailing 4 quarters
$993.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
A
A
MKC
MKC
Q1 26
$268.0M
Q4 25
$545.0M
$542.0M
Q3 25
$362.0M
$258.8M
Q2 25
$221.0M
$45.9M
Q1 25
$431.0M
$115.5M
Q4 24
$481.0M
$458.7M
Q3 24
$452.0M
$161.7M
Q2 24
$333.0M
$163.1M
Free Cash Flow
A
A
MKC
MKC
Q1 26
$175.0M
Q4 25
$452.0M
Q3 25
$259.0M
$206.1M
Q2 25
$107.0M
$-2.4M
Q1 25
$334.0M
$78.4M
Q4 24
$388.0M
Q3 24
$360.0M
$102.7M
Q2 24
$230.0M
$94.8M
FCF Margin
A
A
MKC
MKC
Q1 26
9.7%
Q4 25
24.3%
Q3 25
14.9%
11.9%
Q2 25
6.4%
-0.1%
Q1 25
19.9%
4.9%
Q4 24
22.8%
Q3 24
22.8%
6.1%
Q2 24
14.6%
5.8%
Capex Intensity
A
A
MKC
MKC
Q1 26
5.2%
Q4 25
5.0%
Q3 25
5.9%
3.1%
Q2 25
6.8%
2.9%
Q1 25
5.8%
2.3%
Q4 24
5.5%
Q3 24
5.8%
3.5%
Q2 24
6.5%
4.2%
Cash Conversion
A
A
MKC
MKC
Q1 26
0.88×
Q4 25
1.26×
2.39×
Q3 25
1.08×
1.15×
Q2 25
1.03×
0.26×
Q1 25
1.36×
0.71×
Q4 24
1.37×
2.13×
Q3 24
1.60×
0.72×
Q2 24
1.08×
0.89×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

A
A

Service Other$525.0M29%
Chemicaland Energy Market$422.0M23%
Agilent Cross Lab$273.0M15%
Environmentaland Forensics Market$177.0M10%
Food Market$166.0M9%
Academiaand Government Market$130.0M7%
Applied Markets$98.0M5%

MKC
MKC

Consumer$1.1B61%
Flavor Solutions$723.1M39%

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