MCCORMICK & CO INC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures adjusted for later stock splits (split ratios inferred from EPS restated in later SEC filings).
CAPITALIZATION 11/30/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 3,996 | 41.1 |
| Stockholders' equity | 5,736 | 58.9 |
| Total capitalization | 9,733 | 100.0 |
LONG-TERM DEBT 11/30/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 3,615 |
| Long-term debt, noncurrent | 3,106 |
| Current maturities | 509 |
| Short-term borrowings / commercial paper | 381 |
CAPITAL STOCK 11/30/25
Not tagged in XBRL.
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 1.83 | 62.5 |
| 2024 | 1.71 | 58.6 |
| 2023 | 1.59 | 63.1 |
| 2022 | 1.50 | 59.5 |
| 2021 | 1.39 | 49.6 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Maryland.
BUSINESS: Classified by the SEC under Standard Industrial Classification 2090, Miscellaneous Food Preparations & Kindred Products. Large accelerated filer. Principal executive office: 24 Schilling Road, Suite 1, Hunt Valley, MD 21031. Fiscal year ends November 30. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 11/30/25 | 11/30/24 | 11/30/23 |
|---|---|---|---|
| Revenues | 6,840 | 6,724 | 6,662 |
| Cost of revenues | 4,248 | 4,133 | 4,160 |
| Gross profit | 2,592 | 2,591 | 2,502 |
| Research and development | 106 | 103 | 95 |
| Selling, general and administrative | 1,500 | 1,521 | 1,478 |
| Depreciation and amortization | 231 | 209 | 199 |
| Operating income | 1,071 | 1,060 | 963 |
| Interest expense | 196 | 209 | 208 |
| Income before income taxes | 913 | 898 | 799 |
| Income taxes | 196 | 184 | 174 |
| Net income | 789 | 788 | 681 |
| Earned per share, diluted ($) | 2.93 | 2.92 | 2.52 |
| Dividends per share ($) | 1.83 | 1.71 | 1.59 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 11/30/25 | 11/30/24 |
|---|---|---|
| Cash and equivalents | 96 | 186 |
| Receivables, net | 629 | 587 |
| Inventories | 1,272 | 1,240 |
| Total current assets | 2,138 | 2,139 |
| Property, plant and equipment, net | 1,449 | 1,413 |
| Goodwill | 5,301 | 5,228 |
| Total assets | 13,200 | 13,070 |
| Total current liabilities | 3,062 | 2,883 |
| Long-term debt | 3,106 | 3,594 |
| Total liabilities | 7,432 | 7,754 |
| Stockholders' equity | 5,736 | 5,291 |
| Total liabilities and equity | 13,200 | 13,070 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11/30/25 | 6,840 | 1,071 | 789 | 11.5 | 2.93 | 1.83 | 962 | 222 | 740 | 13,200 | 7,432 | 3,996 | 5,736 | 13.8 | 0.70 |
| 11/30/24 | 6,724 | 1,060 | 788 | 11.7 | 2.92 | 1.71 | 922 | 275 | 647 | 13,070 | 7,754 | 4,342 | 5,291 | 14.9 | 0.82 |
| 11/30/23 | 6,662 | 963 | 681 | 10.2 | 2.52 | 1.59 | 1,237 | 264 | 973 | 12,862 | 7,779 | 4,411 | 5,061 | 13.4 | 0.87 |
| 11/30/22 | 6,350 | 864 | 682 | 10.7 | 2.52 | 1.50 | 652 | 262 | 390 | 13,125 | 8,426 | 5,150 | 4,680 | 14.6 | 1.10 |
| 11/30/21 | 6,318 | 1,015 | 755 | 12.0 | 2.80 | 1.39 | 828 | 278 | 550 | 12,906 | 8,480 | 5,283 | 4,411 | 17.1 | 1.20 |
| 11/30/20 | 5,601 | 1,000 | 747 | 13.3 | 2.78 | 1.27 | 1,041 | 225 | 816 | 12,090 | 8,150 | 4,904 | 3,926 | 19.0 | 1.25 |
| 11/30/19 | 5,347 | 958 | 703 | 13.1 | 2.62 | 1.17 | 947 | 174 | 773 | 10,362 | 6,905 | 4,324 | 3,444 | 20.4 | 1.26 |
| 11/30/18 | 5,303 | 891 | 933 | 17.6 | 3.50 | 1.07 | 821 | 169 | 652 | 10,256 | 7,074 | 4,696 | 3,171 | 29.4 | 1.48 |
| 11/30/17 | 4,730 | 700 | 477 | 10.1 | 1.86 | 0.96 | 815 | 182 | 633 | 10,386 | 7,815 | 5,027 | 2,571 | 18.6 | 1.96 |
| 11/30/16 | 4,412 | 641 | 472 | 10.7 | 1.84 | 0.88 | 658 | 154 | 504 | 4,636 | 2,998 | 1,447 | 1,638 | 28.8 | 0.88 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
MCCORMICK & CO INC
CIK 63754 · EIN 52-0408290
PRINCIPAL OFFICE:
24 Schilling Road, Suite 1, Hunt Valley, MD 21031
Tel.: 4107717301
INCORPORATED:
Maryland
INDUSTRY (SEC SIC CODE):
2090 · Miscellaneous Food Preparations & Kindred Products
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 11/30/25, filed 22 January 2026
FORMER NAMES:
MCCORMICK & CO INC
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 1/22/26) · 10-K FY2024 (filed 1/23/25) · 10-K FY2023 (filed 1/25/24) · 10-K FY2022 (filed 1/26/23) · 10-K FY2021 (filed 1/27/22) · 10-K FY2020 (filed 1/28/21) · 10-K FY2019 (filed 1/28/20) · 10-K FY2018 (filed 1/25/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.