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McCormick & Company, Incorporated MKC Net Income From Consolidated Operations

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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 mkc:NetIncomeFromConsolidatedOperations.

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
Line itemThree months ended May 31, 2026Three months ended May 31, 2025Six months ended May 31, 2026Six months ended May 31, 2025
Other income, net6.59.811.319.6
Income from consolidated operations before income taxes220.2204.6405.2391.1
Income tax expense63.549.3112.290.9
Net income from consolidated operations156.7155.3293.0300.2
Income from unconsolidated operations3.520.7889.539.2
Net income160.2176.01,182.5339.4
Net income attributable to noncontrolling interests10.11.016.22.1
Net income attributable to McCormick & Company$150.1$175.0$1,166.3$337.3

Item 1F. FINANCIAL STATEMENTS

FAQ

What is McCormick & Company, Incorporated's net income from consolidated operations?
McCormick & Company, Incorporated (MKC) reported net income from consolidated operations of $156.7M in Q1 2026.
How has McCormick & Company, Incorporated's net income from consolidated operations changed year-over-year?
McCormick & Company, Incorporated's net income from consolidated operations increased by 0.9% year-over-year, from $155.3M to $156.7M.
What is the long-term trend for McCormick & Company, Incorporated's net income from consolidated operations?
Over 4 years (2021 to 2025), McCormick & Company, Incorporated's net income from consolidated operations has grown at a 0.5% compound annual growth rate (CAGR), from $703.1M to $717.2M.
What does net income from consolidated operations mean?
Represents the profit generated by the company's consolidated entities after all expenses, including taxes and interest, have been deducted. It reflects the bottom-line performance of the core consolidated business before accounting for equity method investments.

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