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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:ResearchAndDevelopmentExpense.

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 R&D?
McCormick & Company, Incorporated (MKC) reported R&D of $26.53M in Q3 2025.
How has McCormick & Company, Incorporated's R&D changed year-over-year?
McCormick & Company, Incorporated's R&D increased by 3.1% year-over-year, from $25.73M to $26.53M.
What is the long-term trend for McCormick & Company, Incorporated's R&D?
Over 4 years (2021 to 2025), McCormick & Company, Incorporated's R&D has grown at a 5.0% compound annual growth rate (CAGR), from $87.3M to $106.1M.
What does R&D mean?
The money spent on creating new products and improving existing ones.
How do you interpret R&D?
Higher investment signals a focus on innovation and future growth, while lower investment may indicate a focus on short-term profitability.
How does R&D compare across companies?
Evaluated as a percentage of sales to determine the company's commitment to innovation relative to industry peers.