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Segments

By segment

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Consumer$311.1M+26.3%
Flavor Solutions$130.7M+10.9%

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 us-gaap:SellingGeneralAndAdministrativeExpense.

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 sales$1,936.6$1,659.5$3,810.5$3,265.0
Cost of goods sold1,158.41,036.72,323.42,038.2
Gross profit778.2622.81,487.11,226.8
Selling, general and administrative expense441.8364.2898.1743.0
Special charges60.012.885.112.8
Operating income276.4245.8503.9471.0
Interest expense62.751.0110.099.5
Other income, net6.59.811.319.6

Item 1F. FINANCIAL STATEMENTS

FAQ

What is McCormick & Company, Incorporated's SG&A?
McCormick & Company, Incorporated (MKC) reported SG&A of $441.8M in Q1 2026.
How has McCormick & Company, Incorporated's SG&A changed year-over-year?
McCormick & Company, Incorporated's SG&A increased by 21.3% year-over-year, from $364.2M to $441.8M.
What is the long-term trend for McCormick & Company, Incorporated's SG&A?
Over 4 years (2021 to 2025), McCormick & Company, Incorporated's SG&A has grown at a 1.7% compound annual growth rate (CAGR), from $1.4B to $1.5B.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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