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McCormick & Company, Incorporated MKC Construction in progress

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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 us-gaap:ConstructionInProgressGross.

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 construction in progress?
McCormick & Company, Incorporated (MKC) reported construction in progress of $186.8M in Q3 2025.
How has McCormick & Company, Incorporated's construction in progress changed year-over-year?
McCormick & Company, Incorporated's construction in progress decreased by 24.4% year-over-year, from $247.1M to $186.8M.
What is the long-term trend for McCormick & Company, Incorporated's construction in progress?
Over 5 years (2020 to 2025), McCormick & Company, Incorporated's construction in progress has grown at a 8.3% compound annual growth rate (CAGR), from $125.5M to $186.8M.
What does construction in progress mean?
The value of capital projects currently under construction but not yet operational.
How do you interpret construction in progress?
High levels indicate significant future growth investment, while a decline suggests the completion of projects and their transition to active assets.
How does construction in progress compare across companies?
Commonly reported by capital-intensive firms undergoing expansion.