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Earnings transcript
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MKC
McCormick & Company, Incorporated
$50.07
-1.99
(-3.82%)
| Exchange: | NYSE |
| Market Cap: | 13.461B |
| Shares Outstanding: | 392M |
Delayed data
About The Company
| Sector: | Consumer Defensive | |||||
| Industry: | Packaged Foods | |||||
| CEO: | Brendan Foley | |||||
| Full Time Employees: | 14100 | |||||
| Address: |
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| Website: | https://www.mccormickcorporation.com |
McCormick & Company, Incorporated is a global leader in the manufacture, marketing, and distribution of a wide array of flavorful products, including spices, seasoning mixes, and condiments, to the food industry. Its operations are divided into two primary segments: Consumer and Flavor Solutions. The Consumer segment provides an extensive range of items such as spices, herbs, seasonings, sauces, and desserts. These are sold under numerous prominent brands across various regions: McCormick, French’s, Frank’s RedHot, Lawry’s Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY in the Americas; Ducros, Schwartz, Kamis, Drogheria & Alimentari, and Vahiné throughout Europe, the Middle East, and Africa (EMEA); McCormick and DaQiao in China; and McCormick, Aeroplane, and Gourmet Garden in Australia. In addition, it offers specialized regional and ethnic brands like Zatarain’s, Stubb’s, Thai Kitchen, and Simply Asia, and also produces goods for private labels. Its customer base encompasses a broad spectrum of retailers, including grocery stores, mass merchandisers, warehouse clubs, discount and drug stores, and e-commerce platforms. Distribution to these outlets occurs both directly and indirectly via distributors and wholesale foodservice providers. The Flavor Solutions segment caters to large-scale food manufacturers and the wider foodservice industry. It supplies essential ingredients such as seasoning blends, spices, herbs, condiments, coating systems, and complex flavor formulations. These products are delivered directly to clients or through a network of distributors. Founded in 1889, the company maintains its headquarters in Hunt Valley, Maryland.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 6,662,200 | 6,723,700 | 6,840,300 |
| Gross Profit | 2,502,500 | 2,591,000 | 2,592,200 |
| EBITDA | 1,206,200 | 1,316,500 | 1,340,500 |
| Operating Income | 963,000 | 1,060,300 | 1,091,900 |
| Net Income | 680,600 | 788,500 | 789,400 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 12,862,300 | 13,070,300 | 13,200,400 |
| Total Liabilities | 7,778,800 | 7,753,500 | 7,432,300 |
| Total Stockholders Equity | 5,060,700 | 5,291,000 | 5,736,500 |
| Total Debt | 4,591,300 | 4,508,500 | 3,996,300 |
| Cash and Cash Equivalents | 166,600 | 186,100 | 95,900 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,237,300 | 921,900 | 962,200 |
| Capital Expenditure | -263,900 | -274,900 | -221,800 |
| Free Cash Flow | 973,400 | 647,000 | 962,200 |
| Net Income | 680,600 | 788,500 | 789,400 |
| Net Change in Cash | -167,400 | 19,500 | -90,200 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 8,733,432.140 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 8,937,637.444 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 8,840,009.634 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 1,657,212.413 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 1,695,961.391 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 1,677,436.026 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 1,227,878.740 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 1,265,338.370 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 1,247,429.920 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 1,927,314.605 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 1,972,379.118 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 1,950,834.381 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 4.630 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 4.700 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 4.560 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 4 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 3 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Established market position in the consumer staples sector supported by consistent dividend payments as indicated by lastDiv and dividendYieldTTM metrics.
- Diversified revenue streams across product categories and geographic regions per the Revenue Product Segments and Revenue Geo Segments structures.
- Stable balance sheet with positive retainedEarnings and totalStockholdersEquity providing a foundation for long-term operations.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates MKC intrinsic value between $35.31 – $68.55 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about MKC valuation
Is McCormick & Company, Incorporated (MKC) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for McCormick & Company, Incorporated (MKC) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is MKC a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MKC trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is MKC’s P/E ratio?
You can see MKC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MKC?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is MKC a good long-term investment?
Whether MKC fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
MKC
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Daily snapshot
-3.82
Trading Metrics:
| Open: | 51.6 | Previous Close: | 52.06 | |
| Day Low: | 49.89 | Day High: | 51.78 | |
| Year Low: | 44.82 | Year High: | 78.03 | |
| Price Avg 50: | 48.44 | Price Avg 200: | 60.28 | |
| Volume: | 1.46M | Average Volume: | 4.75M |
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Login — it's freeMKC full analysis
Hey everyone, welcome back to the channel where we break down stocks in a way that actually makes sense for long-term investors. Today we're diving deep into McCormick & Company, ticker MKC, a name that's been quietly seasoning portfolios for generations but has faced some real questions lately about growth. McCormick just reported its second quarter results and reaffirmed the full-year outlook, yet shares have still struggled over the past year with performance lagging the broader market. We're going to…
