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McCormick & Company, Incorporated MKC Custom condiments — Net Sales

Other product segments

Spices & seasoning
$1.71B+3.4%
Flavors
$1.62B+0.1%
Condiments & sauces
$950.9M+1.5%
Regional leaders
$852.7M+3.6%
Branded foodservice
$614.1M-0.2%
Recipe mixes
$439.1M+0.3%
Coatings, bulk spices & herbs
$326.7M+7.2%

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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:Revenues.

The source filing: McCormick & Company, Incorporated’s 10-K, filed January 22, 2026.

Filed
Jan 22, 2026, 4:30 PM EST
Fiscal year
FY2025
Accession
0000063754-26-000037
for the year ended November 30 (millions except per share data)202520242023
Net sales$6,840.3$6,723.7$6,662.2
Cost of goods sold4,248.14,132.74,159.7
Gross profit2,592.22,591.02,502.5
Selling, general and administrative expense1,500.31,521.21,478.3
Special charges21.19.561.2
Operating income1,070.81,060.3963.0
Interest expense196.2209.4208.2
Other income, net38.447.443.9

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is McCormick & Company, Incorporated's custom condiments — net sales?
McCormick & Company, Incorporated (MKC) reported custom condiments — net sales of $82.33M in Q3 2025.
How has McCormick & Company, Incorporated's custom condiments — net sales changed year-over-year?
McCormick & Company, Incorporated's custom condiments — net sales decreased by 2.2% year-over-year, from $84.2M to $82.33M.
What is the long-term trend for McCormick & Company, Incorporated's custom condiments — net sales?
Over 4 years (2021 to 2025), McCormick & Company, Incorporated's custom condiments — net sales has grown at a 2.6% compound annual growth rate (CAGR), from $297M to $329.3M.
What does custom condiments — net sales mean?
This metric represents the total revenue generated from the sale of custom condiment products, net of returns, allowances, and trade discounts. It reflects the demand for specialized flavor solutions provided to food service operators, quick-service restaurants, and industrial food manufacturers. This segment is a key indicator of the company's ability to capture business-to-business market share in the flavor and seasoning industry.

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