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

McCormick & Company is the larger business by last-quarter revenue ($1.9B vs $1.1B, roughly 1.6× TORO CO). McCormick & Company runs the higher net margin — 12.2% vs 4.7%, a 7.5% gap on every dollar of revenue. On growth, McCormick & Company posted the faster year-over-year revenue change (2.9% vs -2.2%). Over the past eight quarters, McCormick & Company's revenue compounded faster (7.5% CAGR vs -8.1%).

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.

The Toro Company is an American company based in the Minneapolis suburb of Bloomington, Minnesota, that designs, manufactures, and markets lawn mowers, snow blowers, and irrigation system supplies for commercial and residential, agricultural, and public sector uses.

MKC vs TTC — Head-to-Head

Bigger by revenue
MKC
MKC
1.6× larger
MKC
$1.9B
$1.1B
TTC
Growing faster (revenue YoY)
MKC
MKC
+5.1% gap
MKC
2.9%
-2.2%
TTC
Higher net margin
MKC
MKC
7.5% more per $
MKC
12.2%
4.7%
TTC
Faster 2-yr revenue CAGR
MKC
MKC
Annualised
MKC
7.5%
-8.1%
TTC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MKC
MKC
TTC
TTC
Revenue
$1.9B
$1.1B
Net Profit
$226.6M
$53.5M
Gross Margin
38.9%
33.7%
Operating Margin
16.8%
5.7%
Net Margin
12.2%
4.7%
Revenue YoY
2.9%
-2.2%
Net Profit YoY
5.3%
-55.2%
EPS (diluted)
$0.84
$0.54

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
MKC
MKC
TTC
TTC
Q4 25
$1.9B
Q3 25
$1.7B
$1.1B
Q2 25
$1.7B
$1.3B
Q1 25
$1.6B
$995.0M
Q4 24
$1.8B
Q3 24
$1.7B
$1.2B
Q2 24
$1.6B
$1.3B
Q1 24
$1.6B
$1.0B
Net Profit
MKC
MKC
TTC
TTC
Q4 25
$226.6M
Q3 25
$225.5M
$53.5M
Q2 25
$175.0M
$136.8M
Q1 25
$162.3M
$52.8M
Q4 24
$215.2M
Q3 24
$223.1M
$119.3M
Q2 24
$184.2M
$144.8M
Q1 24
$166.0M
$64.9M
Gross Margin
MKC
MKC
TTC
TTC
Q4 25
38.9%
Q3 25
37.4%
33.7%
Q2 25
37.5%
33.1%
Q1 25
37.6%
33.7%
Q4 24
40.2%
Q3 24
38.7%
34.8%
Q2 24
37.7%
33.6%
Q1 24
37.4%
34.4%
Operating Margin
MKC
MKC
TTC
TTC
Q4 25
16.8%
Q3 25
16.7%
5.7%
Q2 25
14.8%
13.3%
Q1 25
14.0%
7.8%
Q4 24
17.0%
Q3 24
17.1%
12.8%
Q2 24
14.2%
13.9%
Q1 24
14.6%
8.8%
Net Margin
MKC
MKC
TTC
TTC
Q4 25
12.2%
Q3 25
13.1%
4.7%
Q2 25
10.5%
10.4%
Q1 25
10.1%
5.3%
Q4 24
12.0%
Q3 24
13.3%
10.3%
Q2 24
11.2%
10.7%
Q1 24
10.4%
6.5%
EPS (diluted)
MKC
MKC
TTC
TTC
Q4 25
$0.84
Q3 25
$0.84
$0.54
Q2 25
$0.65
$1.37
Q1 25
$0.60
$0.52
Q4 24
$0.79
Q3 24
$0.83
$1.14
Q2 24
$0.68
$1.38
Q1 24
$0.62
$0.62

Balance Sheet & Financial Strength

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

Metric
MKC
MKC
TTC
TTC
Cash + ST InvestmentsLiquidity on hand
$95.9M
Total DebtLower is stronger
$3.6B
$1.0B
Stockholders' EquityBook value
$5.7B
$1.4B
Total Assets
$13.2B
$3.5B
Debt / EquityLower = less leverage
0.63×
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MKC
MKC
TTC
TTC
Q4 25
$95.9M
Q3 25
$94.9M
Q2 25
$124.1M
Q1 25
$102.8M
Q4 24
$186.1M
Q3 24
$200.8M
Q2 24
$166.3M
Q1 24
$178.0M
Total Debt
MKC
MKC
TTC
TTC
Q4 25
$3.6B
Q3 25
$3.9B
$1.0B
Q2 25
$3.9B
$1.1B
Q1 25
$3.9B
$1.1B
Q4 24
$3.9B
Q3 24
$3.4B
$991.9M
Q2 24
$4.1B
$1.0B
Q1 24
$4.1B
$1.2B
Stockholders' Equity
MKC
MKC
TTC
TTC
Q4 25
$5.7B
Q3 25
$5.8B
$1.4B
Q2 25
$5.6B
$1.5B
Q1 25
$5.4B
$1.5B
Q4 24
$5.3B
Q3 24
$5.4B
$1.6B
Q2 24
$5.3B
$1.7B
Q1 24
$5.2B
$1.5B
Total Assets
MKC
MKC
TTC
TTC
Q4 25
$13.2B
Q3 25
$13.2B
$3.5B
Q2 25
$13.2B
$3.8B
Q1 25
$12.9B
$3.7B
Q4 24
$13.1B
Q3 24
$13.2B
$3.7B
Q2 24
$13.0B
$3.9B
Q1 24
$12.9B
$3.8B
Debt / Equity
MKC
MKC
TTC
TTC
Q4 25
0.63×
Q3 25
0.67×
0.73×
Q2 25
0.69×
0.74×
Q1 25
0.71×
0.75×
Q4 24
0.73×
Q3 24
0.63×
0.61×
Q2 24
0.77×
0.62×
Q1 24
0.79×
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
MKC
MKC
TTC
TTC
Operating Cash FlowLast quarter
$542.0M
$225.8M
Free Cash FlowOCF − Capex
$207.2M
FCF MarginFCF / Revenue
18.3%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
2.39×
4.22×
TTM Free Cash FlowTrailing 4 quarters
$462.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MKC
MKC
TTC
TTC
Q4 25
$542.0M
Q3 25
$258.8M
$225.8M
Q2 25
$45.9M
$171.7M
Q1 25
$115.5M
$-48.6M
Q4 24
$458.7M
Q3 24
$161.7M
$194.7M
Q2 24
$163.1M
$227.3M
Q1 24
$138.4M
$-92.2M
Free Cash Flow
MKC
MKC
TTC
TTC
Q4 25
Q3 25
$206.1M
$207.2M
Q2 25
$-2.4M
$152.4M
Q1 25
$78.4M
$-67.7M
Q4 24
Q3 24
$102.7M
$170.6M
Q2 24
$94.8M
$206.9M
Q1 24
$76.4M
$-111.3M
FCF Margin
MKC
MKC
TTC
TTC
Q4 25
Q3 25
11.9%
18.3%
Q2 25
-0.1%
11.6%
Q1 25
4.9%
-6.8%
Q4 24
Q3 24
6.1%
14.7%
Q2 24
5.8%
15.3%
Q1 24
4.8%
-11.1%
Capex Intensity
MKC
MKC
TTC
TTC
Q4 25
Q3 25
3.1%
1.6%
Q2 25
2.9%
1.5%
Q1 25
2.3%
1.9%
Q4 24
Q3 24
3.5%
2.1%
Q2 24
4.2%
1.5%
Q1 24
3.9%
1.9%
Cash Conversion
MKC
MKC
TTC
TTC
Q4 25
2.39×
Q3 25
1.15×
4.22×
Q2 25
0.26×
1.26×
Q1 25
0.71×
-0.92×
Q4 24
2.13×
Q3 24
0.72×
1.63×
Q2 24
0.89×
1.57×
Q1 24
0.83×
-1.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MKC
MKC

Consumer$1.1B61%
Flavor Solutions$723.1M39%

TTC
TTC

Equipment Products And Services$815.7M72%
Residential Segment$192.8M17%
Irrigation$115.1M10%

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