# McCormick & Company Incorporated (MKC) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Defensive / Food & Staples Retailing. Price $52.08, market value $14.0 billion.

## Valuation
- **P/E (trailing): 8.7×** (5-yr avg 26.0×, 3-yr avg 24.0×). McCormick & Company Incorporated trades at 8.7× trailing earnings, well below its own five-year average of 26.0×: cheap by its own standards. The Consumer Defensive median in the September 2026 study was 20.1×. Forward P/E is 15.8×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 1.9×**. Each dollar of revenue is priced at 1.9×.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 12.9×**. Enterprise value is 12.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.3%** (5-yr avg 3.6%). Free cash flow equals 7.3% of the market value, above its five-year average of 3.6%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 11.5%**. The inverse of the P/E: 11.5% of the price is earned each year.

## Profitability
- **Gross margin: 38.6%**. McCormick & Company Incorporated keeps 38.6% of revenue after the direct cost of what it sells.
- **Operating margin: 14.9%**. 14.9% of revenue is left after running the business.
- **Net margin: 11.5%**. 11.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.8%**. 13.8% on shareholders' equity is solid.
- **Return on invested capital: 9.4%**. Return on all capital, debt included, is 9.4%.
- **Return on assets: 12.3%**. Each dollar of assets produces 12.3% of profit.

## Growth
- **Revenue growth (1 yr): 1.7%** (3-yr 2.5%/yr, 5-yr 4.1%/yr). Revenue grew 1.7% over the last year, against 4.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 0.3%** (3-yr 5.2%/yr, 5-yr 1.1%/yr). Earnings per share rose 0.3%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 23.9%/yr**. Free cash flow has compounded at 23.9% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.63**. Debt is 0.63 times equity, moderate leverage.
- **Net debt / EBITDA: 2.6×**. It would take 2.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 2.52**. A Z-score of 2.52 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.69%** ($1.86 per share, trailing). McCormick & Company Incorporated yields 3.69%, an income-level yield.
- **Payout ratio: 61%** (49% of free cash flow). 61% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 7.6%/yr** (1-yr 7.0%). The dividend has grown 7.6% a year over five years.

## Analyst view
- **Analyst consensus: buy** (13 analysts). 13 analysts cover McCormick & Company Incorporated; the consensus is buy, with an average price target of $60.62 (+16% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -23.3%** (YTD -22.2%, 3-mo 11.2%). The shares are down 23.3% over twelve months including dividends.
- **From 52-week high: -28.1%** (16.2% above the low). Trading 28% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): -0.29** (volatility 30%). Beta of -0.29 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MKC · Page: https://foliofundamentals.com/stocks/mkc

Not investment advice.