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McCormick & Company, Incorporated MKC Gain (loss) on disposal of assets

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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:GainLossOnSaleOfBusiness.

The source filing: McCormick & Company, Incorporated’s 10-Q, filed March 31, 2026.

Filed
Mar 31, 2026, 4:45 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000063754-26-000192
Line itemThree months ended February 28, 2026Three months ended February 28, 2025
Amortization of inventory fair value adjustments associated with acquisition15.0
Deferred income tax benefit(7.5)(9.2)
Income from unconsolidated operations(19.2)(18.5)
Gain on remeasurement of previously held equity interest(866.8)
Changes in operating assets and liabilities (net of effect of business acquired)
Trade accounts receivable18.765.2
Inventories35.1(11.7)
Trade accounts payable(98.7)(70.9)

Item 1F. FINANCIAL STATEMENTS

FAQ

What is McCormick & Company, Incorporated's gain (loss) on disposal of assets?
McCormick & Company, Incorporated (MKC) reported gain (loss) on disposal of assets of $866.8M in Q4 2025.
What does gain (loss) on disposal of assets mean?
Gains or losses recognized on the disposal of businesses, property, equipment, investments, or other assets at prices above or below their carrying value.

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