McCormick & Company, Incorporated
Financial Performance
McCormick Revenue & Financials
Revenue
$6.8B (FY2025)
Market Cap
$13B
Net Income
$789.4M
Employees
14,300
What is McCormick's revenue?
McCormick had $6.8B in revenue for fiscal year 2025, up 1.7% from 2024. Net income was $789.4M.
- Latest revenue
- $6.8B (FY2025)
- Year-over-year
- +1.7%
- Growth rate (CAGR)
- 5% over 9 years
- Peak revenue
- $6.8B (FY2025)
- Years of data
- 10
- Employees
- 14,300
Financial Analysis
McCormick is a slow, steady grower: net sales rose from $5.60 billion in FY2020 to $6.84 billion in FY2025, with net income between about $680 million and $790 million over FY2021 to FY2025. FY2025 growth of about 2% came from volume and pricing, while tariffs and commodity costs pressured margins. FY2026 reported growth is much faster because McCormick de Mexico is now consolidated: Q2 2026 net sales rose 16.7% to $1.94 billion with 1.7% organic growth, and operating income rose to $276 million from $246 million. The company has paid dividends every year since 1925 and declared a $0.48 quarterly dividend in September 2026. McCormick & Company, Incorporated is the absolute largest producer of spices, seasoning mixes, and condiments in the world, commanding a market valuation generally exceeding $20 billion.
Revenue Trend Analysis
YoY Change
+1.7%
9-Year CAGR
+5%
Peak Year
2025
Trend
Consistent Growth
McCormick & Company, Incorporated has 10 full fiscal year figures on this page, compounding at +5% annually over 9 years. The most recent year saw a 1.7% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $6.8B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
Click any row to see year details.
McCormick & Company, Incorporated balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Nov 30, 2025 | $962.2M | — | $13.2B | $7.4B | $5.7B | — | Form 10-K |
| FY2024ended Nov 30, 2024 | $921.9M | — | $13.1B | $7.8B | $5.3B | — | Form 10-K |
| FY2023ended Nov 30, 2023 | $1.2B | — | $12.9B | $7.8B | $5.1B | — | Form 10-K |
| FY2022ended Nov 30, 2022 | $651.5M | $262M | $13.1B | $8.4B | $4.7B | $389.5M | Form 10-K |
| FY2021ended Nov 30, 2021 | $828.3M | $278M | $12.9B | $8.5B | $4.4B | $550.3M | Form 10-K |
| FY2020ended Nov 30, 2020 | $1B | $225.3M | $12.1B | $8.1B | $3.9B | $816M | Form 10-K |
| FY2019ended Nov 30, 2019 | $946.8M | $173.7M | $10.4B | $6.9B | $3.4B | $773.1M | Form 10-K |
| FY2018ended Nov 30, 2018 | $821.2M | $169.1M | $10.3B | $7.1B | $3.2B | $652.1M | Form 10-K |
| FY2017ended Nov 30, 2017 | $815.3M | $182.4M | $10.4B | $7.8B | — | $632.9M | Form 10-K |
| FY2016ended Nov 30, 2016 | $658.1M | $153.8M | $4.6B | $3B | — | $504.3M | Form 10-K |
Keep researching McCormick
McCormick Revenue and Financial FAQ
What was McCormick revenue and profit in FY2025?
FY2025 net sales were $6.84 billion, up about 2%, with net income of $789.4 million and diluted EPS of $2.93 versus $2.92 in FY2024.
How did McCormick perform in Q2 2026?
Q2 2026 net sales rose 16.7% to $1.94 billion, mostly from consolidating McCormick de Mexico; organic sales grew 1.7% and operating income rose to $276 million from $246 million.
Does McCormick pay a dividend?
Yes. McCormick has paid dividends every year since 1925 and declared a quarterly dividend of $0.48 per share in September 2026.
What is McCormick market cap?
McCormick market capitalization was roughly $13 billion in late September 2026, with shares near $48.
How will the Unilever deal affect McCormick finances?
McCormick would pay Unilever $15.7 billion in cash and issue shares; the companies target $600 million of annual run-rate cost synergies by year three.
Is McCormick financially successful?
Incredibly so. McCormick is a classic "defensive stock." Whether the economy is booming or crashing, human beings must eat, and they demand flavor. In 2017, they executed a massive, highly aggressive financial gamble, taking on massive debt to buy Reckitt Benckiser's food division (French's Mustard and Frank's RedHot) for $4.2 billion. The gamble paid off massively, deeply cementing their absolute dominance in condiments.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "McCormick Revenue & Financials." CorpDigest, https://corpdigest.com/company/mccormick/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>McCormick reported $6.8B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/mccormick/financials" target="_blank" rel="noopener">CorpDigest — McCormick financials</a></div>Related Financial Audits
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