MKC
Income statement / Annual
Last year (2023), McCormick & Company, Incorporated's total revenue was $6.66 B,
an increase of 4.91% from the previous year.
In 2023, McCormick & Company, Incorporated's net income was $680.60 M.
See McCormick & Company, Incorporated’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
11/30/2023 |
11/30/2022 |
11/30/2021 |
11/30/2020 |
11/30/2019 |
11/30/2018 |
11/30/2017 |
11/30/2016 |
11/30/2015 |
11/30/2014 |
| Operating Revenue |
$6.66 B
|
$6.35 B
|
$6.32 B
|
$5.60 B
|
$5.35 B
|
$5.30 B
|
$4.83 B
|
$4.41 B
|
$4.30 B
|
$4.24 B
|
| Cost of Revenue |
$4.16 B |
$4.08 B |
$3.82 B |
$3.30 B |
$3.20 B |
$3.21 B |
$2.82 B |
$2.58 B |
$2.56 B |
$2.51 B |
| Gross Profit |
$2.50 B |
$2.27 B |
$2.49 B |
$2.30 B |
$2.15 B |
$2.09 B |
$2.01 B |
$1.83 B |
$1.74 B |
$1.73 B |
| Gross Profit Ratio |
0.38 |
0.36 |
0.39 |
0.41 |
0.4 |
0.39 |
0.42 |
0.42 |
0.4 |
0.41 |
| Research and Development
Expenses |
$94.90 M
|
$87.50 M
|
$87.30 M
|
$68.60 M
|
$67.30 M
|
$69.40 M
|
$66.10 M
|
$61.00 M
|
$60.80 M
|
$62.00 M
|
| General & Administrative
Expenses |
$1.23 B
|
$1.12 B
|
$1.17 B
|
$1.28 B
|
$1.17 B
|
$1.43 B
|
$1.24 B
|
$1.18 B
|
$1.13 B
|
$1.12 B
|
| Selling & Marketing
Expenses |
$247.10 M
|
$240.40 M
|
$237.80 M
|
$230.30 M
|
$214.60 M
|
-$270.30 M
|
$172.50 M
|
$343.40 M
|
$336.40 M
|
$326.90 M
|
| Selling, General &
Administrative Expenses |
$1.48 B
|
$1.36 B
|
$1.40 B
|
$1.28 B
|
$1.17 B
|
$1.16 B
|
$1.24 B
|
$1.18 B
|
$1.13 B
|
$1.12 B
|
| Other Expenses |
$8.50 M |
$30.90 M |
$8.00 M |
$10.70 M |
$5.90 M |
$8.50 M |
-$18.70 M |
-$11.50 M |
-$60.40 M |
-$4.10 M |
| Operating Expenses |
$1.48 B |
$1.36 B |
$1.40 B |
$1.28 B |
$1.17 B |
$1.16 B |
$1.24 B |
$1.18 B |
$1.13 B |
$1.12 B |
| Cost And Expenses |
$5.64 B |
$5.43 B |
$5.23 B |
$4.58 B |
$4.37 B |
$4.37 B |
$4.07 B |
$3.75 B |
$3.69 B |
$3.64 B |
| Interest Income |
$36.60 M |
$17.80 M |
$9.30 M |
$7.80 M |
$155.10 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$208.20 M |
$149.10 M |
$136.60 M |
$135.60 M |
$165.20 M |
$174.60 M |
$95.70 M |
$56.00 M |
$53.30 M |
$49.70 M |
| Depreciation &
Amortization |
$199.30 M
|
$200.60 M
|
$186.30 M
|
$165.00 M
|
$158.80 M
|
$150.70 M
|
$125.20 M
|
$108.70 M
|
$105.90 M
|
$102.70 M
|
| EBITDA |
$1.27 B
|
$1.17 B
|
$1.29 B
|
$1.19 B
|
$1.14 B
|
$938.40 M
|
$856.50 M
|
$753.90 M
|
$655.40 M
|
$706.80 M
|
| EBITDA Ratio |
0.19 |
0.18 |
0.2 |
0.21 |
0.21 |
0.18 |
0.18 |
0.17 |
0.15 |
0.17 |
| Operating Income Ratio
|
0.14
|
0.14
|
0.16
|
0.18
|
0.18
|
0.17
|
0.15
|
0.15
|
0.13
|
0.14
|
| Total Other
Income/Expenses Net |
-$53.90 M
|
-$50.80 M
|
-$119.30 M
|
-$118.00 M
|
-$138.50 M
|
-$14.00 M
|
-$59.50 M
|
-$11.50 M
|
-$60.40 M
|
-$4.10 M
|
| Income Before Tax |
$798.70 M |
$812.80 M |
$895.80 M |
$881.50 M |
$819.20 M |
$741.30 M |
$594.80 M |
$589.20 M |
$496.20 M |
$554.40 M |
| Income Before Tax Ratio
|
0.12
|
0.13
|
0.14
|
0.16
|
0.15
|
0.14
|
0.12
|
0.13
|
0.12
|
0.13
|
| Income Tax Expense |
$174.50 M |
$168.60 M |
$192.70 M |
$174.90 M |
$157.40 M |
-$157.30 M |
$151.30 M |
$153.00 M |
$131.30 M |
$145.90 M |
| Net Income |
$680.60 M |
$682.00 M |
$755.30 M |
$747.40 M |
$702.70 M |
$933.40 M |
$477.40 M |
$472.30 M |
$401.60 M |
$437.90 M |
| Net Income Ratio |
0.1 |
0.11 |
0.12 |
0.13 |
0.13 |
0.18 |
0.1 |
0.11 |
0.09 |
0.1 |
| EPS |
2.54 |
2.54 |
2.83 |
2.8 |
2.65 |
3.55 |
1.88 |
1.87 |
1.57 |
1.69 |
| EPS Diluted |
2.52 |
2.52 |
2.8 |
2.78 |
2.62 |
3.5 |
1.86 |
1.84 |
1.55 |
1.67 |
| Weighted Average Shares
Out |
$268.40 M
|
$268.20 M
|
$267.30 M
|
$266.50 M
|
$265.20 M
|
$263.10 M
|
$253.60 M
|
$253.20 M
|
$256.00 M
|
$259.80 M
|
| Weighted Average Shares
Out Diluted |
$269.80 M
|
$270.20 M
|
$269.90 M
|
$269.10 M
|
$268.20 M
|
$266.50 M
|
$256.80 M
|
$256.00 M
|
$258.40 M
|
$262.00 M
|
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