McCormick & Company, Incorporat (MKC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

McCormick & Company, Incorporat

NYSE•Consumer Defensive•Packaged Foods

$47.29+0.49(0.01%)Market closed

Market Cap

$13.15B

P/E

8.8x

P/S

1.7x

P/B

1.9x

McCormick & Company, Incorporated manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments, sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; and McCormick and DaQiao brands in the Asia/Pacific (APAC), as well as desserts under the Aeroplane brand; and packaged chilled herbs under the Gourmet Garden brand. Its authentic regional brands include Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. The company also supplies its products under private labels. This segment serves retailers, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices, herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

How this company scores

ExcellentMetricSide Score: 85/100

Strongest: Cash & Earnings Quality (24/25); weakest: Balance Sheet & Red Flags (19/25).

Profitability20/25

Growth22/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowHigh ROERising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 8.8x5y range 7.9x – 36.4x

Currently below its 20-quarter median.

P/S · 1.7x5y range 1.7x – 4.0x

Currently below its 20-quarter median.

P/B · 1.9x5y range 1.8x – 5.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 13.8% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $13.15B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $7.69B
Q. Revenue: $2.02B
TTM EBITDA: $1.30B
TTM Op. Income: $1.03B
Q. Op. Income: $217.00M
TTM Net Income: $1.49B
Q. Net Income: $97.60M
EPS: $0.36
Shares Out.: $269.30M

$7.69B in TTM revenue grew 13.2% YoY, reaching $2.02B last quarter. TTM EBITDA of $1.30B and TTM operating income of $1.03B show growth is flowing through to the bottom line. TTM net income of $1.49B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 39.3%
EBITDA Margin: 14.5%
Op. Margin: 10.7%
Net Margin: 4.8%

Op. margin of 10.7% is down 6.0% YoY — costs are rising relative to revenue. Net margin at 4.8% and gross margin of 39.3% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 36% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 8.8x
P/S Ratio: 1.7x
P/B Ratio: 1.9x

At 8.8x P/E, the stock trades below typical market levels. P/S of 1.7x and P/B of 1.9x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 64% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $16.65B
Cash: $331.10M
Long-Term Debt: $2.91B
Book Value: $7.00B
D/E Ratio: 0.4
Debt/EBITDA: 9.9

With $16.65B in assets and $2.91B in long-term debt, D/E is 0.4and book value is $7.00B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $168.10M
TTM Free Cash Flow: $925.90M
FCF Margin: 12.0%
FCF / Net Income: 0.6

TTM FCF of $925.90M on $168.10M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 41% — a weakening trend.