Valuation, from the filing
| Public float | $19.35B | Market value of stock held by non-affiliates, as stated on the cover page for 2024-05-31 |
|---|---|---|
| Float / net income | 24.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 2.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 3.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2024-05-31, not today, and each multiple below it uses the figures for the fiscal year ending 2024-11-30 — the year that filing covered.
Valuation over time
24.5× earnings today, against a median of 29.4× across 9 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2024-05-31 | $19.35B | 24.5× | |
| 2023-05-31 | $23.76B | 34.9× | |
| 2022-05-31 | $23.76B | 34.8× | |
| 2021-05-31 | $23.76B | 31.5× | |
| 2020-05-31 | $23.31B | 31.2× | |
| 2019-05-31 | $20.66B | 29.4× | |
| 2018-05-31 | $13.25B | 14.2× | |
| 2017-05-31 | $12.97B | 27.2× | |
| 2016-05-31 | $12.28B | 26.0× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
MCCORMICK & CO INC (MKC) reported revenue of $7.69B and net income of $1.49B for the fiscal year ended 2026-08-31. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from MCCORMICK & CO INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Miscellaneous Food Preparations & Kindred Products.
Income
| Metric | 2026-08-31 |
|---|---|
| Revenue | $7.69B |
| Cost of revenue | $4.68B |
| Gross profit | $3.00B |
| Operating income | $1.03B |
| Net income | $1.49B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $833.70M |
| Income tax expense | $227.70M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $1.74B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-08-31 |
|---|---|
| Cash & equivalents | $331.10M |
| Total assets | $16.65B |
| Current assets | $2.90B |
| Total liabilities | $9.06B |
| Current liabilities | $4.42B |
| Total equity incl. NCI | $7.59B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | $831.50M |
| Goodwill | $6.30B |
| Long-term debt | $2.91B |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-08-31 |
|---|---|
| Operating cash flow | $1.14B |
| Capital expenditures | Unavailable |
| Investing cash flow | -$944.10M |
| Financing cash flow | $27.70M |
| Net change in cash | $236.20M |
| Stock-based compensation | $43.40M |
| Common dividends paid | $507.80M |
| Common share repurchases | $16.50M |
| Depreciation & amortization | $272.30M |
Derived
| Metric | 2026-08-31 |
|---|---|
| Free cash flow | Unavailable |
| Gross margin | 39.1% |
| Operating margin | 13.4% |
| FCF margin | Unavailable |
| SBC / revenue | 0.6% |
| Current ratio | 0.66x |
| Revenue YoY growth | 13.2% |
| Net margin | 19.4% |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | 0.38x |
| Effective tax rate | 27.3% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MKC in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.