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Side-by-side financial comparison of MATTEL INC (MAT) 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× MATTEL INC). McCormick & Company runs the higher net margin — 12.2% vs 6.0%, a 6.2% gap on every dollar of revenue. On growth, MATTEL INC posted the faster year-over-year revenue change (7.3% vs 2.9%). Over the past eight quarters, MATTEL INC's revenue compounded faster (47.7% CAGR vs 7.5%).

Mattel Films was the film production division of American toy and entertainment company Mattel that operated from September 6, 2018 to June 2, 2025. It succeeded Mattel Playground Productions, which was formed on October 16, 2013 as part of Mattel Global Brands, a unified media structural and strategy unit, as itself the successor to Mattel Entertainment and Mattel Studios, Mattel's prior entertainment brands/banners.

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.

MAT vs MKC — Head-to-Head

Bigger by revenue
MKC
MKC
1.0× larger
MKC
$1.9B
$1.8B
MAT
Growing faster (revenue YoY)
MAT
MAT
+4.4% gap
MAT
7.3%
2.9%
MKC
Higher net margin
MKC
MKC
6.2% more per $
MKC
12.2%
6.0%
MAT
Faster 2-yr revenue CAGR
MAT
MAT
Annualised
MAT
47.7%
7.5%
MKC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MAT
MAT
MKC
MKC
Revenue
$1.8B
$1.9B
Net Profit
$106.2M
$226.6M
Gross Margin
45.9%
38.9%
Operating Margin
8.0%
16.8%
Net Margin
6.0%
12.2%
Revenue YoY
7.3%
2.9%
Net Profit YoY
-24.6%
5.3%
EPS (diluted)
$0.32
$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
MAT
MAT
MKC
MKC
Q4 25
$1.8B
$1.9B
Q3 25
$1.7B
$1.7B
Q2 25
$1.0B
$1.7B
Q1 25
$826.6M
$1.6B
Q4 24
$1.6B
$1.8B
Q3 24
$1.8B
$1.7B
Q2 24
$1.1B
$1.6B
Q1 24
$809.5M
$1.6B
Net Profit
MAT
MAT
MKC
MKC
Q4 25
$106.2M
$226.6M
Q3 25
$278.4M
$225.5M
Q2 25
$53.4M
$175.0M
Q1 25
$-40.3M
$162.3M
Q4 24
$140.9M
$215.2M
Q3 24
$372.4M
$223.1M
Q2 24
$56.9M
$184.2M
Q1 24
$-28.3M
$166.0M
Gross Margin
MAT
MAT
MKC
MKC
Q4 25
45.9%
38.9%
Q3 25
50.0%
37.4%
Q2 25
50.9%
37.5%
Q1 25
49.4%
37.6%
Q4 24
50.7%
40.2%
Q3 24
53.1%
38.7%
Q2 24
49.2%
37.7%
Q1 24
48.0%
37.4%
Operating Margin
MAT
MAT
MKC
MKC
Q4 25
8.0%
16.8%
Q3 25
21.9%
16.7%
Q2 25
7.7%
14.8%
Q1 25
-6.4%
14.0%
Q4 24
9.6%
17.0%
Q3 24
26.5%
17.1%
Q2 24
7.7%
14.2%
Q1 24
-4.4%
14.6%
Net Margin
MAT
MAT
MKC
MKC
Q4 25
6.0%
12.2%
Q3 25
16.0%
13.1%
Q2 25
5.2%
10.5%
Q1 25
-4.9%
10.1%
Q4 24
8.6%
12.0%
Q3 24
20.2%
13.3%
Q2 24
5.3%
11.2%
Q1 24
-3.5%
10.4%
EPS (diluted)
MAT
MAT
MKC
MKC
Q4 25
$0.32
$0.84
Q3 25
$0.88
$0.84
Q2 25
$0.16
$0.65
Q1 25
$-0.12
$0.60
Q4 24
$0.40
$0.79
Q3 24
$1.09
$0.83
Q2 24
$0.17
$0.68
Q1 24
$-0.08
$0.62

Balance Sheet & Financial Strength

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

Metric
MAT
MAT
MKC
MKC
Cash + ST InvestmentsLiquidity on hand
$1.2B
$95.9M
Total DebtLower is stronger
$2.3B
$3.6B
Stockholders' EquityBook value
$2.2B
$5.7B
Total Assets
$6.6B
$13.2B
Debt / EquityLower = less leverage
1.04×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAT
MAT
MKC
MKC
Q4 25
$1.2B
$95.9M
Q3 25
$691.9M
$94.9M
Q2 25
$870.5M
$124.1M
Q1 25
$1.2B
$102.8M
Q4 24
$1.4B
$186.1M
Q3 24
$723.5M
$200.8M
Q2 24
$722.4M
$166.3M
Q1 24
$1.1B
$178.0M
Total Debt
MAT
MAT
MKC
MKC
Q4 25
$2.3B
$3.6B
Q3 25
$2.3B
$3.9B
Q2 25
$2.3B
$3.9B
Q1 25
$2.3B
$3.9B
Q4 24
$2.3B
$3.9B
Q3 24
$2.3B
$3.4B
Q2 24
$2.3B
$4.1B
Q1 24
$2.3B
$4.1B
Stockholders' Equity
MAT
MAT
MKC
MKC
Q4 25
$2.2B
$5.7B
Q3 25
$2.3B
$5.8B
Q2 25
$2.2B
$5.6B
Q1 25
$2.1B
$5.4B
Q4 24
$2.3B
$5.3B
Q3 24
$2.3B
$5.4B
Q2 24
$2.0B
$5.3B
Q1 24
$2.0B
$5.2B
Total Assets
MAT
MAT
MKC
MKC
Q4 25
$6.6B
$13.2B
Q3 25
$6.6B
$13.2B
Q2 25
$6.2B
$13.2B
Q1 25
$6.2B
$12.9B
Q4 24
$6.5B
$13.1B
Q3 24
$6.5B
$13.2B
Q2 24
$5.9B
$13.0B
Q1 24
$6.1B
$12.9B
Debt / Equity
MAT
MAT
MKC
MKC
Q4 25
1.04×
0.63×
Q3 25
1.03×
0.67×
Q2 25
1.08×
0.69×
Q1 25
1.10×
0.71×
Q4 24
1.03×
0.73×
Q3 24
1.01×
0.63×
Q2 24
1.18×
0.77×
Q1 24
1.15×
0.79×

Cash Flow & Capital Efficiency

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

Metric
MAT
MAT
MKC
MKC
Operating Cash FlowLast quarter
$796.6M
$542.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
7.50×
2.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAT
MAT
MKC
MKC
Q4 25
$796.6M
$542.0M
Q3 25
$72.0M
$258.8M
Q2 25
$-300.1M
$45.9M
Q1 25
$24.8M
$115.5M
Q4 24
$862.1M
$458.7M
Q3 24
$155.8M
$161.7M
Q2 24
$-252.9M
$163.1M
Q1 24
$35.5M
$138.4M
Free Cash Flow
MAT
MAT
MKC
MKC
Q4 25
Q3 25
$206.1M
Q2 25
$-2.4M
Q1 25
$78.4M
Q4 24
Q3 24
$102.7M
Q2 24
$94.8M
Q1 24
$76.4M
FCF Margin
MAT
MAT
MKC
MKC
Q4 25
Q3 25
11.9%
Q2 25
-0.1%
Q1 25
4.9%
Q4 24
Q3 24
6.1%
Q2 24
5.8%
Q1 24
4.8%
Capex Intensity
MAT
MAT
MKC
MKC
Q4 25
Q3 25
3.1%
Q2 25
2.9%
Q1 25
2.3%
Q4 24
Q3 24
3.5%
Q2 24
4.2%
Q1 24
3.9%
Cash Conversion
MAT
MAT
MKC
MKC
Q4 25
7.50×
2.39×
Q3 25
0.26×
1.15×
Q2 25
-5.62×
0.26×
Q1 25
0.71×
Q4 24
6.12×
2.13×
Q3 24
0.42×
0.72×
Q2 24
-4.45×
0.89×
Q1 24
0.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAT
MAT

North America Segment$1.0B58%
International Segment$745.6M42%

MKC
MKC

Consumer$1.1B61%
Flavor Solutions$723.1M39%

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