MKCMCCORMICK & CO INC
Miscellaneous Food Preparations & Kindred Products
- Revenue
- $6.8B
- 1.7% YoY
- Operating margin
- 15.7%
- 0.7% YoY
- EBITDA
- $1.3B
- 2.6% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.6×
- $3.3B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear122% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear54% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear38% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $6.3B | $6.4B | $6.7B | $6.7B | $6.8B | 1.7% |
| Operating income | $1.0B | $864M | $963M | $1.1B | $1.1B | 1.0% |
| Net income | $755M | $682M | $681M | $789M | $789M | 0.1% |
| Operating cash flow | $828M | $652M | $1.2B | $922M | $962M | 4.4% |
| Capex | $278M | $262M | $264M | $275M | $222M | 19% |
| Stock-based comp | $67M | $60M | $63M | $47M | $46M | 2.5% |
| Buybacks | $9M | $39M | $36M | $53M | $35M | 34% |
| Dividends | $363M | $397M | $419M | $451M | $483M | 7.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $45K · 1
- Open-market sells, 12 mo
- $0 · 0
- Net
- $45K
Pay vs performance
No pay-versus-performance disclosure yet.