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McCormick & Company, Incorporated MKC Operating income excluding special charges

Discontinued — last reported Q4 '25

Operating income excluding special charges at other companies

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$5.9M

Segments

By segment

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Consumer$216.9M+32.6%
Flavor Solutions$119.5M+25.8%

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-K, filed January 22, 2026.

Filed
Jan 22, 2026, 4:30 PM EST
Fiscal year
FY2025
Accession
0000063754-26-000037
(millions)ConsumerFlavor SolutionsTotalsegmentsCorporate& otherTotal
Net sales$3,950.3$2,890.0$6,840.3$6,840.3
Cost of goods sold excluding special charges2,187.42,058.64,246.04,246.0
SG&A expense1,028.0472.31,500.31,500.3
Operating income excluding special charges734.9359.11,094.01,094.0
Income from unconsolidated operations68.73.572.272.2
Assets12,511.6688.813,200.4
Capital expenditures176.445.4221.8
Depreciation and amortization227.24.1231.3

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is McCormick & Company, Incorporated's operating income excluding special charges?
McCormick & Company, Incorporated (MKC) reported operating income excluding special charges of $273.5M in Q3 2025.
How has McCormick & Company, Incorporated's operating income excluding special charges changed year-over-year?
McCormick & Company, Incorporated's operating income excluding special charges increased by 2.3% year-over-year, from $267.45M to $273.5M.
What is the long-term trend for McCormick & Company, Incorporated's operating income excluding special charges?
Over 4 years (2021 to 2025), McCormick & Company, Incorporated's operating income excluding special charges has grown at a -0.2% compound annual growth rate (CAGR), from $1.1B to $1.09B.
What does operating income excluding special charges mean?
This is the operating profit generated from core business activities, excluding non-recurring items such as restructuring costs, asset impairments, or litigation settlements. It serves as a key indicator of the company's ongoing operational profitability and performance. Investors rely on this metric to assess the true earnings power of the business without the noise of one-time events.

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