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MKC · NYSE

McCormick & Company, Incorporated

Packaged Foods · United States

USD 48.823.2% daily changeQuote 2026-11-02 · USD
Market cap (USD)
US$13.14B
Trailing P/E
8.55x
Forward P/E
15.15x
Quarterly revenue growth
17.4%
Trailing net margin
19.4%
Indicated dividend yield
3.9%

Snapshot 2026-11-03 · Latest financial period 2026-08-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2027-01-21 (provider estimate; issuer confirmation unavailable here).

Company background

McCormick & Company, Incorporated manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments, sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; and McCormick and DaQiao brands in the Asia/Pacific (APAC), as well as desserts under the Aeroplane brand; and packaged chilled herbs under the Gourmet Garden brand. Its authentic regional brands include Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. The company also supplies its products under private labels. This segment serves retailers, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices, herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

Company website

Q3 FY2026

Go beyond the headline.

MKC Stock: Sales Jumped. What Reaches Each Share? — Q3 FY2026

Published 2026-10-16

Q3 FY2026 REPORT HIGHLIGHTS

What’s changed for MKC

McCormick’s acquisition-driven growth, cash conversion and pending Unilever combination tested against three valuation routes.

  1. Growth is mostly acquired.

    Mexico contributed 14.6 points of the 17.4% reported sales increase.

  2. Margins improved before special charges.

    Adjusted operating profit rose 22.1%; adjusted EPS rose only 1.2%.

  3. GAAP moves in opposite directions.

    Quarterly charges depress profit, while the year-to-date Mexico gain inflates it.

  4. Cash has competing claims.

    YTD post-capex cash of $467.6M compares with $387.0M common dividends and $729.9M acquisition cash.

  5. The deal changes the per-share question.

    Current holders are expected to own 35.0% of the combination; financing and closing remain unresolved.

Comparable businesses

MKC peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricMKCMcCormick & Company, IncorporatedSnapshot 2026-11-03Financial period: 2026-08-31SJMThe J. M. Smucker CompanySnapshot 2026-11-03Financial period: 2026-07-31HRLHormel Foods CorporationSnapshot 2026-11-03Financial period: 2026-07-26Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$13.14BUS$14.03BUS$11.82BUS$12.92Bn=2
Forward P/EProvider forward earnings estimate15.15x11.95x13.70x12.83xn=2
EV / EBITDAEnterprise value / trailing EBITDA12.24x9.24x10.93x10.08xn=2
Revenue growthLatest quarter vs prior-year quarter17.4%5.0%-2.4%1.3%n=2
Operating marginLatest reported quarter17.8%17.9%8.6%13.3%n=2
Free cash flow yieldTrailing cash flow / market cap5.6%10.4%5.3%7.8%n=2
Net debt / EBITDANet debt / trailing EBITDA3.12x3.05x1.57x2.31xn=2
Debt / equityTotal debt / positive book equity0.66x1.21x0.36x0.79xn=2
Trailing P/ETrailing twelve-month earnings8.55x61.38x34.08x47.73xn=2
Price / bookPrice / positive book equity per share1.88x2.44x1.51x1.97xn=2
EV / salesEnterprise value / trailing revenue2.40x2.29x1.14x1.71xn=2
Earnings growthLatest quarter vs prior-year quarter-57.1%—-67.2%—
Gross marginTrailing twelve months38.9%38.0%15.7%26.8%n=2
Net marginTrailing twelve months19.4%2.5%2.8%2.7%n=2
Return on equityProvider trailing return; positive equity only22.6%3.9%4.3%4.1%n=2
Free cash flow marginTrailing free cash flow / revenue9.7%16.0%5.1%10.6%n=2
Dividend yieldIndicated annual dividend / price3.9%3.4%5.4%4.4%n=2
Earnings payoutProvider trailing dividend payout34.2%205.6%188.3%197.0%n=2
Current ratioCurrent assets / current liabilities0.66x0.87x1.88x1.38xn=2
BetaProvider historical market sensitivity0.670.250.260.26n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Market context

Valuation & price history

Adjusted closing price

Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-11-03. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for MKC

All available reporting periods
Q3 FY20262026-10-16

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.