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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
McCormick & Company, Incorporated Income Statement
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$5.60 B | $6.32 B | $6.35 B | $6.66 B | $6.72 B |
| Cost of Revenue |
|
$3.30 B | $3.82 B | $4.08 B | $4.16 B | $4.13 B |
| Gross Profit |
|
$2.30 B | $2.49 B | $2.27 B | $2.50 B | $2.59 B |
| Research & Development |
|
- | - | - | - | - |
| Selling,General & Administrative |
|
$1.28 B | $1.40 B | $1.36 B | $1.48 B | $1.52 B |
| Operating Expense |
|
$1.30 B | $1.48 B | $1.41 B | $1.54 B | $1.53 B |
| Operating Income |
|
$999.50 M | $1.02 B | $863.60 M | $963.00 M | $1.06 B |
| Net Income |
|
$747.40 M | $755.30 M | $682.00 M | $680.60 M | $788.50 M |
McCormick & Company, Incorporated Balance Sheet
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$423.60 M | $351.70 M | $334.00 M | $166.60 M | $186.10 M |
| Inventories |
|
$1.03 B | $1.18 B | $1.34 B | $1.13 B | $1.24 B |
| Total Current Assets |
|
$2.08 B | $2.20 B | $2.39 B | $2.00 B | $2.14 B |
| Property,Plant and Equipment |
|
$1.17 B | $1.28 B | $1.42 B | $1.54 B | $1.62 B |
| Goodwill |
|
$4.99 B | $5.34 B | $5.21 B | $5.26 B | $5.23 B |
| Total Assets |
|
$12.09 B | $12.91 B | $13.12 B | $12.86 B | $13.07 B |
| Total Liabilities |
|
$8.15 B | $8.48 B | $8.43 B | $7.78 B | $7.75 B |
| Retained Earnings |
|
$2.42 B | $2.78 B | $3.02 B | $3.25 B | $3.55 B |
| Total Shareholder Equity |
|
$3.93 B | $4.41 B | $4.68 B | $5.06 B | $5.29 B |
| Common Stock |
|
$1.98 B | $2.06 B | $2.14 B | $2.20 B | $2.24 B |
McCormick & Company, Incorporated Cash flow
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$165.00 M | $186.30 M | $200.60 M | $199.30 M | $208.80 M |
| Dividends Payout |
|
-$330.10 M | -$363.30 M | -$396.70 M | -$418.50 M | -$66.80 M |
| Capital Expenditures (Capex) |
|
-$225.30 M | -$278.00 M | -$262.00 M | -$263.90 M | - |
| Free Cash Flow (FCF) |
|
$816.00 M | $550.30 M | $389.50 M | $973.40 M | $921.90 M |
McCormick & Company, Incorporated Profitability
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$2.30 B | $2.49 B | $2.27 B | $2.50 B | $2.59 B |
| Gross Profit Margin (%) |
|
41.07% | 39.48% | 35.82% | 37.56% | 38.54% |
| Operating Income |
|
$999.50 M | $1.02 B | $863.60 M | $963.00 M | $1.06 B |
| Operating Income Margin (%) |
|
17.84% | 16.07% | 13.60% | 14.45% | 15.77% |
| Net Income |
|
$747.40 M | $755.30 M | $682.00 M | $680.60 M | $788.50 M |
| Net Income Margin (%) |
|
13.34% | 11.95% | 10.74% | 10.22% | 11.73% |
| EBITDA |
|
$1.18 B | $1.22 B | $1.16 B | $1.21 B | $1.32 B |
| EBITDA Margin (%) |
|
21.10% | 19.29% | 18.31% | 18.11% | 19.58% |
McCormick & Company, Incorporated Ratios
| Chart | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
19.04% | 17.12% | 14.57% | 13.45% | 14.90% |
| Return on Assets (ROA) |
|
6.18% | 5.85% | 5.20% | 5.29% | 6.03% |
| Debt to Equity |
|
127.55% | 122.17% | 113.78% | 90.72% | 85.21% |
| Debt to total asset |
|
41.42% | 41.75% | 40.58% | 35.70% | 34.49% |
| Enterprise value to revenue |
|
5.27 | 4.43 | 4.38 | 3.28 | 3.77 |
| Enterprise value to EBITDA |
|
24.96 | 22.96 | 23.95 | 18.09 | 19.28 |
| Enterprise value |
|
$29.50 B | $27.98 B | $27.84 B | $21.83 B | $25.38 B |
| Cash to Debt |
|
20.79% | 15.37% | 12.23% | 26.95% | 20.45% |
| Tax Rate (%) |
|
19.84% | 21.51% | 20.74% | 21.85% | 20.48% |
| Payout Ratio |
|
44.17% | 48.10% | 58.17% | 61.49% | 8.47% |
