McCormick & Company Incorporated (MKC)

NYSE: MKC · USD

$46.0

-1.45 (-3.0%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-20

Our latest published analysis: MKC rated Buy

McCormick & Company Incorporated's published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$57.6 / share

Potential value

$102 / share

Upside to FV

+18.2%

from $46.0

Moat

7/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$13.1B
Revenue (ttm)	7.7B
Net income (ttm)	1.5B
EPS (ttm)	$5.53
Shares out	269.1M
P/E (trailing)	8.3x
P/E (forward)	14.2x
Dividend	$1.92 (4.19%)
Volume	3,490,079
Beta	0.64

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 7.7B
Net income (ttm): 1.5B
EPS (ttm): $5.53
P/E (trailing): 8.3x
P/E (forward): 14.2x
Market cap: $13.1B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-11-30	2022-11-30	2023-11-30	2024-11-30	2025-11-30	Trend
Revenue	$6.32B	$6.35B	$6.66B	$6.72B	$6.84B	+2.0%
Gross profit	$2.49B	$2.27B	$2.50B	$2.59B	$2.59B	+1.0%
Operating income	$1.02B	$863.6M	$963.0M	$1.06B	$1.07B	+1.3%
Net income	$755.3M	$682.0M	$680.6M	$788.5M	$789.4M	+1.1%
EPS (diluted)	$2.80	$2.52	$2.52	$2.92	$2.93	+1.1%
EBITDA	$1.22B	$1.16B	$963.0M	$1.32B	$1.34B	+2.4%
R&D	$87.3M	$87.5M	$94.9M	$102.9M	$106.1M	+5.0%
SG&A	$1.40B	$1.36B	$1.48B	$1.52B	$1.50B	+1.7%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	Sat
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	Azalt
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	Tut
ADM	Archer-Daniels-Midland Company	37.3B	21.2x	0.5x	5.0%	+1.8%	+28.5%	Azalt
BF.B	Brown-Forman Corporation Class B	12.7B	17.9x	3.3x	14.3%	+1.6%	+0.4%	Al
CAG	Conagra Brands, Inc.	6.6B	—	0.6x	9.2%	+0.2%	-18.9%	Güçlü Al

Base and Bull scenarios

Base60%

Price target

$57.60

+18.2% from spot

The base path expects steady compound growth driven by essential consumer seasoning demand and ongoing B2B flavor development partnerships. Disconfirmation would appear by mid-FY2027 if retail promotional pressure erodes shelf leadership or key retail partners demand pricing concessions.

Steady volume growth across core culinary product lines.
Preservation of operating margins through supply chain productivity initiatives.

Bull20%

Price target

$102.44

+110.3% from spot

The bull path reflects accelerated geographic expansion across EMEA and Asia Pacific, accompanied by premium brand mix shift and faster food service volume recovery. Disconfirmation would emerge if international sales decelerate or custom flavor contracts fail to expand product lines by late FY2027.

Faster international culinary penetration across developing markets.
Expanded technical flavor partnerships with packaged food leaders.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($57.60). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
4.9%	$69.5	$76.0	$84.9	$98.0	$120
5.9%	$58.5	$62.1	$66.8	$72.9	$81.4
6.9%	$51.2	$53.5	$57.6	$59.8	$64.2
7.9%	$45.9	$47.5	$49.3	$51.5	$54.2
8.9%	$41.9	$43.0	$44.3	$45.8	$47.6

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E14.2

P25 n/aP50 n/aP75 n/a

Trailing P/E8.1

P25 n/aP50 n/aP75 n/a

ROE22.6

P25 n/aP50 n/aP75 n/a

ROIC8.9

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MKC indicators

Market & fundamental data

Available fields

290

Groups with data

Currency

USD

Showing 290 of 290 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000063754
Company name	McCormick & Company, Incorporated
Country	United States
Country code	US
CUSIP number	579780206
Earnings date	2026-10-01
Earnings time	bmo
Employees	14,100
Employees change	0
Employees growth	0%
Enterprise value	$17.1B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-08-31
First seen	2026-05-09
Fiscal year end	November
Founded	1889
In index	SP500
Industry	Packaged Foods
Is primary listing	Yes
Is SPAC	No
ISIN number	US5797802064
Last 10-K release date	2026-01-22
Last earnings date	2026-10-01
Last refreshed	2026-10-28
Last stock split date	2020-12-01
Last stock split type	Forward
Market cap	$12.4B
Market cap category	Large-Cap
Next earnings date	2027-01-21
Options	Yes
Price	$46.03
Price currency	USD
Sector	Consumer Staples
SIC code	2090
Stock price date	2026-10-28
Symbol	MKC
U.S. state	Maryland
Website	https://www.mccormickcorporation.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	14.47x
Average P/E ratio (10Y)	26.76x
Average P/E ratio (3Y)	21.77x
Average P/E ratio (5Y)	26.24x
Earnings yield	12.01%
EV/Earnings	11.42x
EV/EBIT	13.55x
EV/EBITDA	11.31x
EV/FCF	18.38x
EV/Sales	2.21x
FCF / EV yield	5.44%
FCF yield	7.51%
Forward EV/Sales	2.1x
Forward P/E	14.83x
Forward P/S	1.52x
Graham number	56.90744
Graham upside	24.2%
Industry forward P/E	12.41x
Industry P/E	68.48x
Lynch fair value	$79.98
Lynch upside	74.54%
P/(FCF - SBC) ratio	13.97x
P/(OCF - SBC) ratio	11.23x
P/B ratio	1.82x
P/E ratio	8.32x
P/FCF ratio	13.32x
P/OCF ratio	10.81x
P/S ratio	1.6x
PEG ratio	2.94x
Price/EBITDA ratio	8.2x
Sector forward P/E	21.33x
Sector P/E	28.29x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	16.34%
EBITDA margin	19.57%
Effective tax rate	13.09%
FCF margin	12.05%
Gross margin	38.91%
Operating margin	16.34%
Pretax margin	22.64%
Profit margin	19.39%
Profit per employee	$105,709
Profitable quarters	120
Profitable years	35
Revenue per employee	$545,085
ROA	5.25%
ROA (5Y)	5.08%
ROCE	10.27%
ROE	22.62%
ROE (5Y)	15.27%
ROIC	8.93%
ROIC (5Y)	8.81%
SBC / revenue	0.56%
Tax / revenue	2.96%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	92%
EPS growth (Q)	-57.12%
EPS growth (QoQ)	-35.44%
EPS growth 10Y	11.81%
EPS growth 3Y	32.08%
EPS growth 5Y	14.42%
EPS growth years	2
FCF growth	41.32%
FCF growth (Q)	-45.61%
FCF growth (QoQ)	-66.75%
FCF growth 3Y	5.92%
FCF growth 5Y	12.32%
Gross profit growth	15.25%
Gross profit growth (Q)	23.03%
Gross profit growth 3Y	7.23%
Gross profit growth 5Y	4%
Net income growth	91.58%
Net income growth (Q)	-56.72%
Net income growth (QoQ)	-34.98%
Net income growth 3Y	32.07%
Net income growth 5Y	14.46%
Net income growth years	2
OCF growth	29.8%
OCF growth (Q)	-35.05%
OCF growth (QoQ)	-55.74%
OCF growth 10Y	6.71%
OCF growth 3Y	2.43%
OCF growth 5Y	7.69%
Operating income growth	15.14%
Operating income growth (Q)	21.98%
Operating income growth 3Y	7.86%
Operating income growth 5Y	2.87%
Revenue growth	13.23%
Revenue growth (Q)	17.39%
Revenue growth (QoQ)	4.55%
Revenue growth 10Y	5.77%
Revenue growth 3Y	5.18%
Revenue growth 5Y	4.57%
Revenue growth quarters	8
Revenue growth years	24

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-214.9M
Depreciation and amortization	$248M
EBIT	$1.3B
EBITDA	$1.5B
EPS	$5.53
FCF per share	$3.44
Financing cash flow	$27.7M
Free cash flow	$925.9M
Free cash flow minus SBC	$882.5M
Gross profit	$3B
Income taxes	$227.7M
Investing cash flow	$-944.1M
Net borrowing	$583.9M
Net cash flow	$236.2M
Net income	$1.5B
Operating cash flow minus SBC	$1.1B
Operating income	$1.3B
Revenue	$7.7B
Stock-based compensation	$43.4M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.06
Book value per share	$26.03
Debt / EBITDA	3.17
Debt / equity	0.66
Debt / FCF	5.42
Goodwill	$6.3B
Interest coverage	5.59
Long-term assets	$13.7B
Long-term liabilities	$4.6B
Net cash (debt)	$-4.7B
Net cash / market cap	-38.02%
Net debt / EBITDA	3.12
Net debt / equity	0.62
Net debt / FCF	5.06
Piotroski F-Score	6
Property, plant and equipment	$1.5B
Shareholders' equity	$7.6B
Tangible book value	$-4.3B
Tangible book value per share	$-15.83
Total assets	$16.7B
Total cash	$331.1M
Total debt	$5B
Total liabilities	$9.1B
WACC	6.65%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.51
Current assets	$2.9B
Current liabilities	$4.4B
Current ratio	0.66
Inventory turnover	3.39
Net working capital	$265.8M
Quick ratio	0.26
Working capital	$-1.5B
Working capital turnover	-6.38

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.05%
Dividend growth	6.67%
Dividend growth (10Y)	8.36%
Dividend growth (3Y)	7.17%
Dividend growth (5Y)	7.14%
Dividend growth years	39
Dividend payment date	2026-10-26
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$1.92
Dividend yield	4.19%
Ex-dividend date	2026-10-13
FCF payout ratio	55.79%
Last dividend	$0.48
Payout ratio	34.72%
Shareholder yield	4.24%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-3.67%
10Y return CAGR	1.66%
10Y total return	17.94%
150-day SMA	$50.01
15Y price change	84.11%
15Y return CAGR	6.28%
15Y total return	149.48%
1D price change	-3.05%
1M price change	-5.03%
1M total return	-4.02%
1W price change	-4.25%
1W total return	-4.25%
1Y price change	-32.18%
1Y return CAGR	-29.74%
1Y total return	-29.73%
20-day SMA	$46.02
200-day SMA	$53.56
20Y price change	148.12%
20Y return CAGR	6.92%
20Y total return	281.23%
3M price change	-10.04%
3M total return	-9.08%
3Y price change	-27.71%
3Y return CAGR	-7.73%
3Y total return	-21.45%
50-day SMA	$49.42
50-day SMA vs 200-day SMA	50under200
52-week high	$72.41
52-week high date	2026-02-13
52-week low	$43.25
52-week low date	2026-10-02
5Y price change	-43.42%
5Y return CAGR	-8.6%
5Y total return	-36.21%
6M price change	-9.66%
6M total return	-7.87%
All-time high	$107.35
All-time high date	2022-03-07
All-time low	$0.77
All-time low date	1983-02-09
Average true range (ATR)	$1.40
Average volume	4.3M
Beta (1Y)	0.2
Beta (2Y)	0.33
Beta (5Y)	0.64
Change from 52-week high	-36.43%
Change from 52-week low	6.43%
Change from all-time high	-57.59%
Change from all-time low	5,816.83%
Change from open	-1.14%
Day's gap	-1.94%
Dollar volume	$160.6M
High price	$46.60
Low price	$45.43
Monthly RSI	34.19
Open price	$46.56
Position in 52-week range	51.28%
Premarket change	-1.5%
Premarket close	$47.48
Premarket price	$46.77
Premarket volume	18.6K
Previous close	$47.48
Price vs 150-day SMA	-8.95%
Price vs 20-day SMA	-1.06%
Price vs 200-day SMA	-14.99%
Price vs 50-day SMA	-7.87%
Relative volume	0.81
RSI	42.38
Sharpe ratio	-1.11
Sharpe ratio (3Y)	-0.29
Sharpe ratio (5Y)	-0.38
Sortino ratio	-1.29
Sortino ratio (3Y)	-0.19
Sortino ratio (5Y)	-0.31
Volume	3.5M
Weekly RSI	37.22
YTD price change	-33.15%
YTD total return	-31.22%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	265.7M
Float percentage	98.75%
Shares change (QoQ)	0.07%
Shares change (YoY)	-0.05%
Shares held by insiders	0.47%
Shares held by institutions	91.07%
Shares outstanding	269.1M
Short % of float	7.48%
Short % of shares	7.39%
Short ratio	6 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	123

Deeper analysis on MKC

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this MKC report

What is the latest published MKC stock rating?

McCormick & Company Incorporated is shown with Buy in the latest published report, analyzed 2026-09-20. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full MKC analysis?

The full latest published report, analyzed 2026-09-20, lives at /stocks/MKC/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for MKC?

The latest published report analyzed 2026-09-20 gives MKC a fair value of USD 58 and a potential value of USD 102. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the MKC page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

BuyMKC · Fair value $57.6+18.2%

Read full analysis →

McCormick & Company Incorporated (MKC)

Our latest published analysis: MKC rated Buy

Price

Financial snapshot

Fair-value bridge

Latest news · MKC

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All MKC indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on MKC

Frequently asked questions

Derecelendirme geçmişi

Category	Score	Reading
Valuation	7.5
Management	6.5
Balance Sheet	4.0
Profitability	6.5
Revenue Growth	7.5
Risk Assessment	6.0
Competitive Moat	7.0
Earnings Quality	6.0
Capital Efficiency	5.5