McCormick & Co. Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.84B | $6.72B | $6.66B | $6.35B | $6.32B | $5.60B | $5.35B | $5.30B |
| Consumer | — | — | $3.78B | $3.69B | $3.80B | $3.45B | $3.25B | $3.25B |
| Flavor Solutions | — | — | $2.89B | $2.66B | $2.51B | $2.15B | $2.10B | $2.05B |
| Cost of Revenue | $4.25B | $4.13B | $4.16B | $4.08B | $3.82B | $3.30B | $3.20B | $3.21B |
| Gross Profit | $2.59B | $2.59B | $2.50B | $2.27B | $2.49B | $2.30B | $2.15B | $2.09B |
| Gross Margin | 37.9% | 38.5% | 37.6% | 35.8% | 39.5% | 41.1% | 40.1% | 39.5% |
| Operating Expenses | ||||||||
| Research & Development | $106.1M | $102.9M | $94.9M | $87.5M | $87.3M | $68.6M | $67.3M | $69.4M |
| SG&A Expense | $1.50B | $1.52B | $1.48B | $1.36B | $1.40B | $1.28B | $1.17B | $1.16B |
| Operating Income | $1.07B | $1.06B | $963.0M | $863.6M | $1.02B | $999.5M | $957.7M | $891.1M |
| Operating Margin | 15.7% | 15.8% | 14.5% | 13.6% | 16.1% | 17.8% | 17.9% | 16.8% |
| Interest Expense | $196.2M | $209.4M | $208.2M | $149.1M | $136.6M | $135.6M | $165.2M | $174.6M |
| Pretax Income | $913.0M | $898.3M | $798.7M | $812.8M | $895.8M | $881.5M | $819.2M | $741.3M |
| Income Tax Expense | $195.8M | $184.0M | $174.5M | $168.6M | $192.7M | $174.9M | $157.4M | $-157.3M |
| Net Income | $789.4M | $788.5M | $680.6M | $682.0M | $755.3M | $747.4M | $702.7M | $933.4M |
| Net Margin | 11.5% | 11.7% | 10.2% | 10.7% | 12.0% | 13.3% | 13.1% | 17.6% |
| EPS (Basic) | $2.94 | $2.94 | $2.54 | $2.54 | $2.83 | $2.80 | $2.65 | $3.55 |
| EPS (Diluted) | $2.93 | $2.92 | $2.52 | $2.52 | $2.80 | $2.78 | $2.62 | $3.50 |
| Shares Outstanding (Basic) | 268.5M | 268.5M | 268.4M | 268.2M | 267.3M | 266.5M | 265.1M | 263.1M |
| Shares Outstanding (Diluted) | 269.4M | 269.6M | 269.8M | 270.2M | 269.9M | 269.1M | 268.1M | 266.5M |
| Dividends Per Share | $1.83 | $1.71 | $1.59 | $1.50 | $1.39 | $1.27 | $1.17 | $1.07 |