McCormick & Company, Incorporated's Income Statement Analysis: Revenue to Profit Breakdown
McCormick & Company, Incorporated's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Nov 30, 2021
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FY22
Nov 30, 2022
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FY23
Nov 30, 2023
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FY24
Nov 30, 2024
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FY25
Nov 30, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$6.32 B | $6.35 B | $6.66 B | $6.72 B | $6.84 B | $7.11 B |
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Cost of Revenue Direct cost of goods/services. |
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$3.82 B | $4.08 B | $4.16 B | $4.13 B | $4.25 B | $4.41 B |
Gross Profit Revenue minus cost of revenue. |
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$2.49 B | $2.27 B | $2.50 B | $2.59 B | $2.59 B | $2.70 B |
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Operating Expense
Costs to run business. |
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$1.48 B | $1.41 B | $1.48 B | $1.53 B | $1.50 B | $1.59 B |
Research and Development Investment in innovation. |
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- | - | $94.90 M | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$1.31 B | $1.26 B | $1.38 B | $1.41 B | $1.50 B | $1.58 B |
General and Administrative Corporate overhead costs. |
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$1.07 B | $1.02 B | - | $1.14 B | - | - |
Sales and Marketing Customer acquisition costs. |
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$237.80 M | $240.40 M | - | $265.00 M | - | - |
Other Expenses Other operating costs. |
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$169.10 M | $150.90 M | - | $120.80 M | - | $16.70 M |
Operating Income Profit from operations. |
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$1.02 B | $863.60 M | $1.02 B | $1.07 B | $1.09 B | $1.10 B |
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Net Interest Income
Interest income minus expense. |
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-$127.30 M | -$131.30 M | -$171.60 M | -$163.50 M | -$196.20 M | -$195.00 M |
Interest Income Income from investments. |
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$9.30 M | $17.80 M | $36.60 M | $45.90 M | - | - |
Interest Expense Cost of borrowing. |
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$136.60 M | $149.10 M | $208.20 M | $209.40 M | $196.20 M | $195.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$17.30 M | -$98.30 M | $23.50 M | -$19.20 M | -$17.30 M | -$24.20 M |
Total Other Income (Net) Net non-operating items. |
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-$67.10 M | -$13.00 M | -$174.40 M | -$103.20 M | -$106.70 M | -$136.30 M |
Income Before Tax Profit before taxes. |
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$948.00 M | $850.60 M | $849.60 M | $965.00 M | $985.20 M | $966.30 M |
Income Tax Expense Taxes on income. |
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$192.70 M | $168.60 M | $174.50 M | $184.00 M | $195.80 M | $202.90 M |
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Net Income
Final profit. |
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$755.30 M | $682.00 M | $680.60 M | $788.50 M | $789.40 M | $1.64 B |
Net Income From Continuing Operations Profit from core business. |
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$755.30 M | $682.00 M | $675.10 M | $781.00 M | $789.40 M | $763.40 M |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | $886.00 M |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$2.83 | $2.54 | $2.54 | $2.94 | $2.94 | $6.11 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$2.80 | $2.52 | $2.52 | $2.92 | $2.93 | $6.10 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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267.30 M | 268.20 M | 268.40 M | 268.50 M | 268.60 M | 268.80 M |
Diluted Average Shares Outst. Shares including dilution. |
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269.90 M | 270.20 M | 269.80 M | 269.60 M | 269.30 M | 269.40 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$1.03 B | $961.90 M | $1.00 B | $1.09 B | $1.11 B | $1.13 B |
EBITDA Earnings before interest, tax, D&A. |
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$1.22 B | $1.16 B | $1.20 B | $1.30 B | $1.34 B | $1.25 B |
Depreciation and Amortization Non-cash expense for assets. |
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$186.30 M | $200.60 M | $199.30 M | $208.80 M | $231.30 M | $118.30 M |
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McCormick & Company, Incorporated's Assets vs Liabilities & Equity
McCormick & Company, Incorporated's Assets vs Liabilities & Equity
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