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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 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$5.35B | $5.60B | $6.32B | $6.35B | $6.66B |
| Cost of Revenue |
|
$3.20B | $3.30B | $3.82B | $4.08B | $4.16B |
| Gross Profit |
|
$2.15B | $2.30B | $2.49B | $2.27B | $2.50B |
| Research & Development |
|
$67.30M | $68.60M | $87.30M | $87.50M | $94.90M |
| Selling,General & Administrative |
|
$1.17B | $1.28B | $1.40B | $1.36B | $1.38B |
| Operating Expense |
|
$1.17B | $1.28B | $1.40B | $1.36B | $1.54B |
| Operating Income |
|
$957.70M | $999.50M | $1.02B | $863.60M | $963.00M |
| Net Income |
|
$702.70M | $747.40M | $755.30M | $682.00M | $680.60M |
McCormick & Company, Incorporated Balance Sheet
| Chart | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$155.40M | $423.60M | $351.70M | $334.00M | $166.60M |
| Inventories |
|
$801.20M | $1.03B | $1.18B | $1.34B | $1.13B |
| Total Current Assets |
|
$1.55B | $2.08B | $2.20B | $2.39B | $2.00B |
| Property,Plant and Equipment |
|
$952.60M | $1.03B | $1.28B | $1.42B | $1.54B |
| Goodwill |
|
$4.51B | $4.99B | $5.34B | $5.21B | $5.26B |
| Total Assets |
|
$10.36B | $12.09B | $12.91B | $13.12B | $12.86B |
| Total Liabilities |
|
$6.91B | $8.15B | $8.48B | $8.43B | $7.78B |
| Retained Earnings |
|
$2.06B | $2.42B | $2.78B | $3.02B | $3.25B |
| Total Shareholder Equity |
|
$3.44B | $3.93B | $4.41B | $4.68B | $5.06B |
| Common Stock |
|
$1.89B | $1.98B | $2.06B | $2.14B | $2.20B |
McCormick & Company, Incorporated Cash flow
| Chart | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$158.80M | $165.00M | $186.30M | $200.60M | $199.30M |
| Dividends Payout |
|
-$302.20M | -$330.10M | -$363.30M | -$396.70M | -$418.50M |
| Capital Expenditures (Capex) |
|
-$173.70M | -$225.30M | -$278.00M | -$262.00M | -$263.90M |
| Free Cash Flow (FCF) |
|
$773.10M | $816.00M | $550.30M | $389.50M | $973.40M |
McCormick & Company, Incorporated Profitability
| Chart | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$2.15B | $2.30B | $2.49B | $2.27B | $2.50B |
| Gross Profit Margin (%) |
|
40.12% | 41.07% | 39.48% | 35.82% | 37.56% |
| Operating Income |
|
$957.70M | $999.50M | $1.02B | $863.60M | $963.00M |
| Operating Income Margin (%) |
|
17.91% | 17.84% | 16.07% | 13.60% | 14.45% |
| Net Income |
|
$702.70M | $747.40M | $755.30M | $682.00M | $680.60M |
| Net Income Margin (%) |
|
13.14% | 13.34% | 11.95% | 10.74% | 10.22% |
| EBITDA |
|
$1.14B | $1.19B | $1.23B | $1.19B | $1.21B |
| EBITDA Margin (%) |
|
21.38% | 21.33% | 20.48% | 18.37% | 18.11% |
McCormick & Company, Incorporated Ratios
| Chart | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
20.40% | 19.04% | 17.12% | 14.57% | 13.45% |
| Return on Assets (ROA) |
|
6.78% | 6.18% | 5.85% | 5.20% | 5.29% |
| Debt to Equity |
|
125.55% | 124.92% | 122.17% | 113.78% | 90.72% |
| Debt to total asset |
|
41.73% | 40.57% | 41.75% | 40.58% | 35.70% |
| Enterprise value to revenue |
|
4.98 | 5.25 | 4.43 | 4.38 | 3.28 |
| Enterprise value to EBITDA |
|
23.27 | 24.68 | 22.77 | 23.33 | 18.09 |
| Enterprise value |
|
$26.61B | $29.40B | $27.98B | $27.84B | $21.83B |
| Cash to Debt |
|
21.90% | 21.23% | 15.37% | 12.23% | 26.95% |
| Tax Rate (%) |
|
19.21% | 19.84% | 21.51% | 20.74% | 21.85% |
| Payout Ratio |
|
43.01% | 44.17% | 48.10% | 58.17% | 61.49% |
