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Consumer Staples · S&P 500 · data as of 2026-10-05

MKC stock analysis: McCormick

McCormick (MKC) is an S&P 500 company in Packaged Foods & Meats. It grades strongest on value and growth and weakest on momentum.

The model's view of MKC · subscribers

Where MKC ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with MKC · updated 2026-10-05 · from prices and SEC filings

MKC price performance

MKC against the S&P 500, one year
-20%+0%+20%S&P 500 +18%MKC -30%2025-09-292026-10-05
Year to date-31.9%S&P 500 +14.5% · behind by 46.4 pts
1 year-31.8%S&P 500 +17.0% · behind by 48.8 pts
3 years-24.6%S&P 500 +89.3% · behind by 113.9 pts
5 years-36.2%S&P 500 +91.3% · behind by 127.5 pts

Total returns with dividends reinvested.

MKC factor grades

Each grade compares MKC with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

AValueP/E 7.6x (industry 31.9x)FCF yield 8.3% (industry 8.3%)
AGrowthRevenue growth +10% (industry +4%)EPS growth +109% (industry -26%)
B-ProfitabilityOperating margin 14.9% (industry 6.9%)ROIC 8.2% (industry 4.6%)
D-Momentum12-month change -32%From 52-wk high -35%

MKC in plain numbers

MKC key statistics

SectorConsumer Staples
IndustryPackaged Foods & Meats
IndexS&P 500
Market value$12.3B
Revenue growth (y/y)+10%
Free-cash-flow yield8.3%
Dividend yield4.2%
Next earnings (expected)2026-12-17
Valuation measures
Market value$12.3B
Enterprise value$15.5B
P/E (trailing)7.6x
Forward P/E (Torvanta estimate)5.2x
PEG (Torvanta estimate)0.12
Price / sales1.7x
Price / book1.8x
EV / revenue2.1x
EV / EBITDA11.4x
Financial highlights
Revenue, last 12 months$7.4B
Net income, last 12 months$1.6B
EPS, last 12 months (GAAP)$6.01
Gross margin38.6%
Operating margin14.9%
Net margin21.9%
Return on equity25.7%
Return on invested capital8.2%
Cash$331.2M
Total debt$3.6B
Debt / equity0.52x
Free cash flow, last 12 months$1.0B
Interest cover5.3x
Current ratio0.78x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

MKC earnings trends

Revenue vs earnings
$0$484.1M$1.0B$1.5B$1.9BAug 2024 Revenue: $1.7BNov 2024 Revenue: $1.8BFeb 2025 Revenue: $1.6BMay 2025 Revenue: $1.7BAug 2025 Revenue: $1.7BNov 2025 Revenue: $1.9BFeb 2026 Revenue: $1.9BMay 2026 Revenue: $1.9BAug 2024 Net income: $223.1MNov 2024 Net income: $215.2MFeb 2025 Net income: $162.3MMay 2025 Net income: $175.0MAug 2025 Net income: $225.5MNov 2025 Net income: $226.6MFeb 2026 Net income: $1.0BMay 2026 Net income: $150.1MAug 2024Nov 2024Feb 2025May 2025Aug 2025Nov 2025Feb 2026May 2026Net margin: 13.3%Net margin: 12.0%Net margin: 10.1%Net margin: 10.5%Net margin: 13.1%Net margin: 12.2%Net margin: 54.2%Net margin: 7.8%0%27%54%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.9$1.9$2.8$3.8Aug 2024 EPS (GAAP, diluted): $0.8Nov 2024 EPS (GAAP, diluted): $0.8Feb 2025 EPS (GAAP, diluted): $0.6May 2025 EPS (GAAP, diluted): $0.7Aug 2025 EPS (GAAP, diluted): $0.8Nov 2025 EPS (GAAP, diluted): $0.8Feb 2026 EPS (GAAP, diluted): $3.8May 2026 EPS (GAAP, diluted): $0.6Aug 2024Nov 2024Feb 2025May 2025Aug 2025Nov 2025Feb 2026May 2026■ EPS (GAAP, diluted) Change from a year earlier: Aug 2025 +1% · Nov 2025 +6% · Feb 2026 +528% · May 2026 -14%

From the company's 10-Q and 10-K filings with the SEC.

McCormick financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$6.3B$6.4B$6.7B$6.7B$6.8B
Net income$755.3M$682.0M$680.6M$788.5M$789.4M
EPS (GAAP)$2.80$2.52$2.52$2.92$2.93
Free cash flow$550.3M$389.5M$1.0B$647.0M$740.4M

MKC earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-06-25$0.56-14%+17%+7.8%
2026-03-31$3.77+528%+17%-13.6%
2026-01-22$0.84+6%+3%-9.2%
2025-10-07$0.84+1%+3%-3.9%
2025-06-26$0.65-4%+1%+2.4%
2025-03-25$0.60-3%+0%+1.6%

About McCormick

HeadquartersHunt Valley, MD
Industry (SEC code)Miscellaneous Food Preparations & Kindred Products
Fiscal year endsNovember 30
Incorporated inMD
Listed onNYSE, NYSE
FormerlyMCCORMICK & CO INC

From the company's SEC registration record.

Companies similar to MKC

CompanyMarket valueP/ERevenue growthOperating margin12-month change
MKC McCormick$12.3B7.6x+10%14.9%-32%
SJM JM Smucker$12.4B54.3x+5%9.0%+12%compare
HRL Hormel$11.1B31.9x+1%4.7%-14%compare
GIS General Mills$16.9Bn/a-5%4.8%-33%compare
TSN Tyson Foods$18.4B31.9x+3%2.3%-2%
KHC Kraft Heinz$25.9Bn/a-2%-12.8%-11%
MDLZ Mondelez$75.1B29.0x+8%9.4%-3%

All Consumer Staples stock ratings

Frequently asked questions

Is MKC stock a buy?

Torvanta does not tell individuals what to buy. Its grades for MKC are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is MKC's P/E ratio?

MKC trades at about 7.6 times its last 12 months of GAAP earnings reported to the SEC, and about 5.2 times Torvanta's own estimate of the next 12 months.

When does MKC report earnings next?

Based on its filing history, Torvanta expects McCormick to report around 2026-12-17.

Does MKC pay a dividend?

Yes. Its dividend yield is about 4.2%, and it has raised its dividend 4 years in a row.

How has MKC performed against the S&P 500?

Over the past year MKC returned -31.8%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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