McCormick & (MKC) stock
Consumer Staples · Packaged Foods & Meats
McCormick & (MKC) is a Packaged Foods & Meats company in the Consumer Staples sector, headquartered in Hunt Valley, Maryland. As of October 23, 2026, MKC closed at $48.12, a market capitalization of $12.95 billion, the 471st largest company in the S&P 500. Over the last twelve months it generated $7.69 billion in revenue (+17% year over year) and $925.90 million in free cash flow. The stock trades at 8.7x trailing earnings and 14.9x forward earnings.
- 1-year total return: -26.0% (dividends reinvested)
- 5-year return: -7.6% a year
- 52-week range: $43.25 – $72.41
- Gross margin 38.9%, operating margin 17.8%
- Dividend yield: 3.99%, 38 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- 32nd largest of 34 Consumer Staples stocks in the S&P 500
MKC price chart
1Y price change: -28.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| MKC | -0.9% | -27.3% | -26.0% | -4.9% | -7.6% | +2.3% | +9.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1973.
MKC key statistics
- Market cap
- $12.9B
- #471 in S&P 500
- P/E (TTM)
- 8.7x
- Forward P/E
- 14.9x
- EPS (TTM)
- $5.53
- Revenue (TTM)
- $7.7B
- +17%
- Free cash flow
- $925.9M
- Gross margin
- 38.9%
- Operating margin
- 17.8%
- Return on equity
- 22.6%
- Dividend yield
- 3.99%
- 52-week range
- $43.25 – $72.41
- Beta
- 0.64
- Price / sales
- 1.7x
- EV / EBITDA
- 12.1x
- Debt / equity
- 0.66x
- Employees
- 14,100
MKC report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth17.4%B
- Gross margin38.9%C
- Operating margin17.8%C
- FCF margin12.0%C
- Return on equity22.6%B
- Net debt / EBITDA3.1xD
- Forward P/E14.9xA
- PEG ratio3.1xF
- Shareholder yield4.3%B
- Share count change / yr0.0%C
McCormick & Company, Incorporat financials
Revenue went from $4.4B in fiscal 2016 to $6.8B in fiscal 2025, growing 5.0% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.4B | $4.7B | $5.3B | $5.3B | $5.6B | $6.3B | $6.4B | $6.7B | $6.7B | $6.8B |
| Gross profit | $1.8B | $1.8B | $2.1B | $2.1B | $2.3B | $2.5B | $2.3B | $2.5B | $2.6B | $2.6B |
| Operating income | $641.0M | $699.8M | $891.1M | $957.7M | $999.5M | $1.0B | $863.6M | $963.0M | $1.1B | $1.1B |
| Net income | $472.3M | $477.4M | $933.4M | $702.7M | $747.4M | $755.3M | $682.0M | $680.6M | $788.5M | $789.4M |
| EPS (diluted) | $1.84 | $1.86 | $3.50 | $2.62 | $2.78 | $2.80 | $2.52 | $2.52 | $2.92 | $2.93 |
| Free cash flow | $504.3M | $632.9M | $652.1M | $773.1M | $816.0M | $550.3M | $389.5M | $973.4M | $647.0M | $740.4M |
| Buybacks | $242.7M | $137.8M | $62.3M | $95.1M | $47.3M | $8.6M | $38.8M | $35.7M | $53.1M | $34.8M |
| Dividends paid | $217.8M | $237.6M | $273.4M | $302.2M | $330.1M | $363.3M | $396.7M | $418.5M | $451.0M | $483.0M |
| Diluted shares | 256.0M | 256.8M | 266.5M | 268.1M | 269.1M | 269.9M | 270.2M | 269.8M | 269.6M | 269.4M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into MKC?
A reverse DCF asks what growth the current price requires. With an enterprise value of $17.6B and $925.9M of trailing free cash flow, McCormick & Company, Incorporat needs to grow free cash flow about 9.3% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -1.9% a year over the last five years.
P/E ratio history
Current 16.4x vs. median 24.9x (10th–90th percentile 17.3x–33.5x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
MKC dividend
- Dividend yield
- 3.99%
- Annual dividend
- $1.92
- Years of increases
- 38
- 5-yr dividend growth
- 7.6%
- per year
- Payout ratio
- 34%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
MKC analyst price targets
14 analysts' average 12-month target is $54.45 (+13% vs. $48.12). Targets range from $47.00 to $65.00. 47% rate it a buy.
MKC earnings
Next report: January 21, 2027. McCormick & Company, Incorporat has beaten EPS estimates 3 quarters in a row. Last quarter's revenue was $2.0B (+17% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 1, 2026 | $0.76 | $0.86 | +13.8% |
| Jun 25, 2026 | $0.70 | $0.80 | +14.8% |
| Mar 31, 2026 | $0.60 | $0.66 | +10.7% |
| Jan 22, 2026 | $0.88 | $0.86 | -1.8% |
| Oct 7, 2025 | $0.82 | $0.85 | +4.2% |
| Jun 26, 2025 | $0.65 | $0.69 | +5.7% |
| Mar 25, 2025 | $0.64 | $0.60 | -6.8% |
| Jan 23, 2025 | $0.77 | $0.80 | +4.3% |
Stocks like MKC
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 MDLZ Mondelez International | -2.13% | +8% | $81.4B | 23.5x | Compare |
 HSY Hershey | -3.42% | -4% | $34.1B | 23.2x | Compare |
 KHC Kraft Heinz | -1.16% | +4% | $29.4B | — | Compare |
 TSN Tyson Foods | -0.65% | +13% | $19.9B | 35.0x | Compare |
 GIS General Mills | -2.25% | -23% | $18.4B | — | Compare |
 SJM J.M. Smucker | -2.56% | +32% | $13.9B | 60.7x | Compare |
 HRL Hormel Foods | -1.40% | -6% | $11.6B | 34.0x | Compare |
 WMT Walmart | -1.02% | +13% | $954.1B | 43.4x | Compare |
MKC news
- Should You Buy McCormick Stock For Its Cash? · Oct 23, 2026
- 4 Top Dividend Stocks Yielding 4% or More to Buy Right Now for Passive Income · Oct 21, 2026
- McCormick’s 4% Yield Comes With a Catch · Oct 15, 2026
- McCormick vs. Smucker: Which Pantry Staple Pays Income Investors Better · Oct 14, 2026
- Why McCormick Stock Stands Out As Investors Seek Defensive Dividend Shares · Oct 14, 2026
MKC stock FAQ
What is MKC's market cap?
McCormick &'s market capitalization is $12.95 billion as of October 23, 2026, ranking 471st in the S&P 500.
What is MKC's P/E ratio?
MKC trades at a trailing price-to-earnings ratio of 8.7x and a forward P/E of 14.9x. Its median P/E over the period we track is 24.9x.
Does MKC pay a dividend?
Yes. McCormick & pays $1.92 per share a year, a 3.99% yield. It has raised its dividend 38 years in a row. Dividends grew 7.6% a year over the last five years.
How much has MKC stock returned?
Including reinvested dividends, MKC returned -26.0% over one year, -7.6% a year over five years, +2.3% a year over ten years through October 23, 2026.
Is MKC stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies McCormick & must grow free cash flow about 9% a year for the next decade. Its free cash flow fell 2% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the MKC price target?
14 analysts cover MKC with an average 12-month price target of $54.45, +13% from the current price. 47% of them rate it a buy.
When does MKC report earnings?
McCormick & is expected to report earnings on January 21, 2027. It has beaten EPS estimates 3 quarters in a row.
How many employees does McCormick & have?
McCormick & has about 14,100 full-time employees, or $545,085 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology