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McCormick & Company, Incorporated MKC Foreign currency translation gains (losses)

Foreign currency translation gains (losses) at other companies

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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$14.28B-23.6%
Enterprise value$18.88B-15.2%
P/E8.8×-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 us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax.

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
Net income$160.2$176.0$1,182.5$339.4
Other comprehensive income (loss):
Currency translation adjustments(32.2)123.5150.489.6
Amounts reclassified into earnings upon acquisition of controlling interest44.8
Change in derivative financial instruments30.5(2.6)58.6(0.3)
Unrealized components of pension and other postretirement plans(0.3)(2.3)(2.2)(3.3)
Tax (expense) benefit(10.3)6.1(15.9)5.1
Total other comprehensive income, net of tax(12.3)124.7235.791.1

Item 1F. FINANCIAL STATEMENTS

FAQ

What is McCormick & Company, Incorporated's foreign currency translation gains (losses)?
McCormick & Company, Incorporated (MKC) reported foreign currency translation gains (losses) of -$32.2M in Q1 2026.
How has McCormick & Company, Incorporated's foreign currency translation gains (losses) changed year-over-year?
McCormick & Company, Incorporated's foreign currency translation gains (losses) decreased by 126.1% year-over-year, from $123.5M to -$32.2M.
What is the long-term trend for McCormick & Company, Incorporated's foreign currency translation gains (losses)?
Over 4 years (2021 to 2025), McCormick & Company, Incorporated's foreign currency translation gains (losses) has grown at a 17.6% compound annual growth rate (CAGR), from -$68.8M to $131.5M.
What does foreign currency translation gains (losses) mean?
This represents the gains or losses resulting from translating the financial statements of foreign subsidiaries from their functional currency into the company's reporting currency. It reflects the impact of exchange rate fluctuations on the value of international assets and liabilities. This is a critical metric for multinational companies with significant global operations.

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