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McCormick & Company, Incorporated MKC Net Operating Loss Carryforwards

Net Operating Loss Carryforwards at other companies

International Flavors & Fragrances logo
International Flavors & FragrancesIFF
$334M+25.1%
Minerals Technologies logo
Minerals TechnologiesMTX
$5.4M

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$14.06B-24.6%
Enterprise value$18.65B-16.0%
P/E8.7×-15.3×
P/S1.9×-0.9×

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:DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration.

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

At November 30, 2025, we have tax loss carryforwards of $166.5 million. Of these carryforwards, $4.9 million expire in 2026, $13.8 million from 2027 through 2028, $35.5 million from 2029 through 2042, and $112.3 million may be carried forward indefinitely. At November 30, 2025, we also have U.S. foreign tax credit carryforwards of $32.5 million. Of these carryforwards, $6.4 million expires in 2030, $8.1 million from 2031 through 2032, and $18.0 million from 2033 through 2035.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is McCormick & Company, Incorporated's net operating loss carryforwards?
McCormick & Company, Incorporated (MKC) reported net operating loss carryforwards of $112.3M in Q3 2025.
How has McCormick & Company, Incorporated's net operating loss carryforwards changed year-over-year?
McCormick & Company, Incorporated's net operating loss carryforwards decreased by 3.0% year-over-year, from $115.8M to $112.3M.
What is the long-term trend for McCormick & Company, Incorporated's net operating loss carryforwards?
Over 5 years (2020 to 2025), McCormick & Company, Incorporated's net operating loss carryforwards has grown at a -2.4% compound annual growth rate (CAGR), from $126.8M to $112.3M.
What does net operating loss carryforwards mean?
These are tax assets representing losses that can be used to reduce taxable income in future periods. They provide a potential future tax shield, improving cash flow by lowering future tax payments. Investors monitor these to estimate the duration and magnitude of potential tax savings.

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