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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:InterestExpense.

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 itemThree months ended May 31, 2026Three months ended May 31, 2025Six months ended May 31, 2026Six months ended May 31, 2025
Selling, general and administrative expense441.8364.2898.1743.0
Special charges60.012.885.112.8
Operating income276.4245.8503.9471.0
Interest expense62.751.0110.099.5
Other income, net6.59.811.319.6
Income from consolidated operations before income taxes220.2204.6405.2391.1
Income tax expense63.549.3112.290.9
Net income from consolidated operations156.7155.3293.0300.2

Item 1F. FINANCIAL STATEMENTS

FAQ

What is McCormick & Company, Incorporated's interest expense?
McCormick & Company, Incorporated (MKC) reported interest expense of $62.7M in Q1 2026.
How has McCormick & Company, Incorporated's interest expense changed year-over-year?
McCormick & Company, Incorporated's interest expense increased by 22.9% year-over-year, from $51M to $62.7M.
What is the long-term trend for McCormick & Company, Incorporated's interest expense?
Over 4 years (2021 to 2025), McCormick & Company, Incorporated's interest expense has grown at a 9.5% compound annual growth rate (CAGR), from $136.6M to $196.2M.
What does interest expense mean?
Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

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