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McCormick & Company, Incorporated MKC Flavor Solutions — Operating income excluding special charges

Other segment segments

Consumer
$216.9M+32.6%

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BGSSpices And Flavor Solutions — Operating Expenses
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SCSCSpecialty Technology Solutions — Operating Income (Loss)
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BGSSpices Flavor Solutions — Goodwill
$181.43M0.0%
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BGSSpices Flavor Solutions — Indefinite Lived Intangible Assets Excluding Goodwill
$272.81M0.0%
ALG
ALGTSpecial charges
$31.91M-63.4%
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TXTSpecial charges
$0-100%

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 mkc:Operatingincomeexcludingspecialcharges.

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
Three months ended May 31, 2026ConsumerFlavor Solutions / (in millions)Total
Net sales$1,142.7$793.9$1,936.6
Cost of goods sold$614.7$543.7$1,158.4
SG&A expense$311.1$130.7$441.8
Operating income excluding special charges$216.9$119.5$336.4
Three months ended May 31, 2025
Net sales$930.6$728.9$1,659.5
Cost of goods sold$520.7$516.0$1,036.7
SG&A expense$246.3$117.9$364.2

Item 1F. FINANCIAL STATEMENTS

FAQ

What is McCormick & Company, Incorporated's flavor solutions — operating income excluding special charges?
McCormick & Company, Incorporated (MKC) reported flavor solutions — operating income excluding special charges of $119.5M in Q1 2026.
How has McCormick & Company, Incorporated's flavor solutions — operating income excluding special charges changed year-over-year?
McCormick & Company, Incorporated's flavor solutions — operating income excluding special charges increased by 25.8% year-over-year, from $95M to $119.5M.
What is the long-term trend for McCormick & Company, Incorporated's flavor solutions — operating income excluding special charges?
Over 3 years (2021 to 2024), McCormick & Company, Incorporated's flavor solutions — operating income excluding special charges has grown at a 3.6% compound annual growth rate (CAGR), from $296.6M to $329.5M.
What does flavor solutions — operating income excluding special charges mean?
The core operating profit of the Flavor Solutions segment, calculated by excluding non-recurring special charges from operating income. This is a key indicator of the segment's underlying operational profitability and performance consistency.

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