McCormick & Company
Sells branded pantry products and custom flavor systems across retail, manufacturing, and foodservice.
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Profile
Sells branded spices, seasonings, condiments, and sauces through retailers while supplying custom flavor systems and packaged products to food manufacturers and foodservice customers. Consumer generates most sales and carries higher margins; Flavor Solutions has concentrated exposure to a small group of large customers.
Manufactures and markets spices, herbs, seasoning mixes, condiments, sauces, and other flavor products through Consumer and Flavor Solutions. Consumer sells brands including McCormick, Frank’s RedHot, French’s, Cholula, Old Bay, and Lawry’s through retailers; Flavor Solutions develops seasoning blends, compound flavors, coatings, and custom condiments for food manufacturers and foodservice customers.
Operates across the Americas, Europe, the Middle East, Africa, and Asia-Pacific, combining local brands and production with sensory testing, culinary research, and food-safety capabilities. Consumer generates most sales and carries higher margins, while long-standing custom programs support Flavor Solutions.
Relies on globally sourced agricultural inputs, food-safety compliance, a major retail customer, and a concentrated group of Flavor Solutions customers. The proposed combination with Unilever Foods remains pending and would replace the current segment structure after closing.
Company facts
Categories
Key statistics
Year to date −17.8% · Average volume (30d) 2.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jun 29, 2026 | Barclays | Reiterate | Equal Weight | $67 | $55 |
| Jun 26, 2026 | UBS | Reiterate | Neutral | $51 | $52 |
| Jun 26, 2026 | Bernstein | Reiterate | Outperform | $85 | $68 |
| Jun 26, 2026 | Deutsche Bank | Reiterate | Buy | $75 | $60 |
| Jun 2, 2026 | UBS | Reiterate | Neutral | $67 | $51 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 25, 2026Q2 FY26 | $0.69 | $0.80 | +15.6% | $1.91B | $1.94B | +1.2% | +5.58% |
| Mar 31, 2026Q1 FY26 | $0.61 | $0.66 | +8.2% | $1.79B | $1.87B | +4.9% | −4.08% |
| Jan 22, 2026Q4 FY25 | $0.88 | $0.86 | −1.8% | $1.84B | $1.85B | +0.3% | −0.67% |
| Oct 7, 2025Q3 FY25 | $0.83 | $0.85 | +2.5% | $1.72B | $1.72B | +0.6% | +0.29% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.61B | $1.66B | $1.72B | $1.85B | $1.87B | $1.94B | |
| Gross profit | $604.0M | $622.8M | $645.1M | $720.3M | $708.9M | $778.2M | |
| Operating income | $225.2M | $245.8M | $288.7M | $315.5M | $252.6M | $276.4M | |
| Net income | $162.3M | $175.0M | $225.5M | $226.6M | $1.02B | $160.2M | |
| Diluted EPS | $0.60 | $0.65 | $0.84 | $0.84 | $3.77 | $0.56 | |
| Gross margin | 37.6% | 37.5% | 37.4% | 38.9% | 37.8% | 40.2% | |
| Operating margin | 14.0% | 14.8% | 16.7% | 17.1% | 13.5% | 14.3% |
Fiscal years (4-quarter sums)FY21 $6.32B · FY22 $6.35B · FY23 $6.66B · FY24 $6.72B · FY25 $6.84B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, May 31, 2026Cash & short-term investments $331.2M · Total debt $4.93B · Total assets $16.48B · Shareholders' equity $7.00B
Dividends
Raised for 40 straight years — most recently to $0.48 from $0.45 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 6, 2026 | Jul 6 | Jul 20 | $0.48 | |
| Apr 20, 2026 | Apr 20 | Apr 27 | $0.48 | |
| Dec 29, 2025 | Dec 29 | Jan 12 | $0.48 | raised from $0.45 |
| Oct 14, 2025 | Oct 14 | Oct 27 | $0.45 | |
| Jul 7, 2025 | Jul 7 | Jul 21 | $0.45 | |
| Apr 7, 2025 | Apr 7 | Apr 21 | $0.45 | |
| Dec 30, 2024 | Dec 30 | Jan 13 | $0.45 | raised from $0.42 |
| Oct 7, 2024 | Oct 7 | Oct 21 | $0.42 |
Ownership
Shares outstanding 268.85M · Float 265.44M
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 20.95M | 7.79% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 16.61M | 6.18% | 13F | Aug 13, 2026 |
| State Farm Mutual Automobile Insurance Co | 16.52M | 6.15% | 13F | Aug 12, 2026 |
| State Street Corp | 15.33M | 5.70% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 13.85M | 5.15% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Lawrence Erik Kurzius | 10 percent owner | −205,538 | $52.69 |
| Jul 23, 2026 | Michael Aaron Conway | director | +1,100 | $50.21 |
| Apr 10, 2026 | Gavin Hattersley | director | +2,000 | $52.98 |
| Feb 12, 2026 | Lawrence Erik Kurzius | 10 percent owner | −50,000 | $71.63 |
| Feb 9, 2026 | Michael D. Mangan | director | −5,000 | $67.92 |
Peers
- Kraft Heinz
Condiments and sauces rival across retail and foodservice
- B&G Foods
Spices, seasonings, and grilling blends face McCormick shelves
- International Flavors & Fragrances
B2B flavor systems overlap across sauces, snacks, and foodservice
- Conagra Brands
Sauces, cooking aids, and meal brands overlap at lower weight
- Sensient Technologies
Flavors, extracts, and agricultural ingredients contest B2B flavor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| McCormick & Company | $55.34 | +0.07% | $14.88B | 9.2 | 17.9 | 2.0 | +16.7% |
| Kraft Heinz | $25.72 | +0.13% | $30.47B | — | 12.9 | 1.2 | −1.4% |
| B&G Foods | $3.51 | −0.28% | $285.7M | — | 7.2 | 0.2 | −9.7% |
| International Flavors & Fragrances | $83.37 | −5.20% | $22.45B | 81.4 | 25.8 | 2.3 | −29.3% |
| Conagra Brands | $16.05 | −0.22% | $7.70B | — | 10.7 | 0.7 | +3.6% |
| Sensient Technologies | $135.12 | 0.00% | $5.75B | 36.4 | 30.4 | 3.4 | +11.6% |
| Median | 58.9 | 12.9 | 1.2 | −1.4% |