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McCormick & Company, Incorporated MKC Effective Income Tax Rate Reconciliation, Research Credits, Percent

Effective Income Tax Rate Reconciliation, Research Credits, Percent at other companies

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Other financials

Income statement

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Revenue$1.9B+16.7%
Gross profit$708.9M+17.4%
Operating income$227.5M+1.0%
Net income$1.0B+526%
EPS (diluted)$3.77+528%

Balance sheet

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Cash & equivalents$177.7M+72.9%
Total debt$4.9B+38.3%
Total equity$7.0B+28.7%
Total assets$16.3B+26.7%

Cash flow

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Operating cash flow$50.9M-55.9%
CapEx$32.5M-12.4%
Free cash flow$18.4M-76.5%

Valuation

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Market cap$12.54B-13.9%
Enterprise value$17.28B-7.0%
P/E7.6×-10.9×
P/S1.8×-0.4×

Profitability

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Gross margin37.9%-0.6pp
Operating margin15.1%-0.5pp
Net margin23.1%+11.4pp
FCF margin9.6%0.0pp

Returns & leverage

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Return on equity26.5%+11.8pp
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:EffectiveIncomeTaxRateReconciliationResearchCreditsPercent.

The official record: McCormick & Company, Incorporated’s 10-K, filed January 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is McCormick & Company, Incorporated's effective income tax rate reconciliation, research credits, percent?
McCormick & Company, Incorporated (MKC) reported effective income tax rate reconciliation, research credits, percent of -1.4% in Q3 2025.
How has McCormick & Company, Incorporated's effective income tax rate reconciliation, research credits, percent changed year-over-year?
McCormick & Company, Incorporated's effective income tax rate reconciliation, research credits, percent decreased by 7.7% year-over-year, from -1.3% to -1.4%.
What does effective income tax rate reconciliation, research credits, percent mean?
The percentage point reduction in the effective tax rate due to research and development tax credits.
How do you interpret effective income tax rate reconciliation, research credits, percent?
Higher values indicate greater utilization of R&D tax incentives, lowering the overall tax burden.
How does effective income tax rate reconciliation, research credits, percent compare across companies?
Common in technology, pharmaceutical, and manufacturing sectors with significant R&D investment.