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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$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$14.24B-23.8%
Enterprise value$18.83B-15.4%
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:ConstructionInProgressGross.

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
At November 30 (millions)20252024
Land and improvements$98.6$94.1
Buildings (including finance leases)925.1835.8
Machinery, equipment and other1,747.51,571.2
Construction-in-progress186.8247.1
Accumulated depreciation(1,509.2)(1,335.2)
$1,448.8$1,413.0
Other long-term assets
Investments in affiliates$167.8$152.2

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

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?
Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.

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