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Other financials

Income statement

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Revenue$1.9B+16.7%
Gross profit$778.2M+25.0%
Operating income$276.4M+12.4%
Net income$150.1M-14.2%
EPS (diluted)$0.56-13.8%

Balance sheet

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Cash & equivalents$331.2M+167%
Total debt$4.9B+33.1%
Total equity$7.0B+24.9%
Total assets$16.5B+24.9%

Cash flow

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Operating cash flow$379.8M+727%
CapEx$42.7M-11.6%
Free cash flow$337.1M

Valuation

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Market cap$14.13B-24.2%
Enterprise value$18.72B-15.7%
P/E8.7×-15.3×
P/S1.9×-0.8×

Profitability

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Gross margin38.6%+0.1pp
Operating margin14.9%-0.8pp
Net margin21.9%+10.4pp
FCF margin13.8%+5.6pp

Returns & leverage

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Return on equity25.7%+11.5pp
Debt / equity0.7×0.0×
Current ratio0.8×+0.1×

Where this comes from

Reported directly by McCormick & Company, Incorporated in its filing.

Tagged under the XBRL concept us-gaap:AccountsPayableTradeCurrent.

The source filing: McCormick & Company, Incorporated’s 10-Q, filed June 25, 2026.

Filed
Jun 25, 2026, 4:37 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000063754-26-000274
Line itemMay 31,2026November 30,2025
LIABILITIES AND SHAREHOLDERS’ EQUITY
Short-term borrowings$1,326.6$381.4
Current portion of long-term debt9.5509.1
Trade accounts payable1,515.11,259.4
Other accrued liabilities720.6912.3
Total current liabilities3,571.83,062.2
Long-term debt3,597.43,105.8
Deferred taxes1,327.0835.8

Item 1F. FINANCIAL STATEMENTS

FAQ

What is McCormick & Company, Incorporated's accounts payable?
McCormick & Company, Incorporated (MKC) reported accounts payable of $1.52B in Q1 2026.
How has McCormick & Company, Incorporated's accounts payable changed year-over-year?
McCormick & Company, Incorporated's accounts payable increased by 28.6% year-over-year, from $1.18B to $1.52B.
What is the long-term trend for McCormick & Company, Incorporated's accounts payable?
Over 5 years (2020 to 2025), McCormick & Company, Incorporated's accounts payable has grown at a 4.1% compound annual growth rate (CAGR), from $1.03B to $1.26B.
What does accounts payable mean?
Amounts owed to suppliers and vendors for goods and services received but not yet paid. A primary source of short-term trade financing.

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