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Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
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ZscalerZS
19.2×+12.3×
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CitigroupC
0.1×-0.3×
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Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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

Calculated from McCormick & Company, Incorporated’s reported figures.

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

Filed
Jun 25, 2026, 4:37 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000063754-26-000274

FAQ

What is McCormick & Company, Incorporated's net debt?
McCormick & Company, Incorporated (MKC) reported net debt of $4.59B in Q1 2026.
How has McCormick & Company, Incorporated's net debt changed year-over-year?
McCormick & Company, Incorporated's net debt increased by 28.5% year-over-year, from $3.57B to $4.59B.
What is the long-term trend for McCormick & Company, Incorporated's net debt?
Over 5 years (2020 to 2025), McCormick & Company, Incorporated's net debt has grown at a -3.7% compound annual growth rate (CAGR), from $4.49B to $3.71B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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