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What this page is: Delvantic's full research page for McCormick & Company, Incorporated (MKC) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
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profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
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any ticker resolves at delvantic.com/stock/TICKER ·
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every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Consumer Defensive · Packaged Foods
Hunt Valley, MD 21031, United States
mccormickcorporation.com
Price
$52.96
Market Cap
$14.2B
Employees
14,100
Beta
0.63
Avg Volume
3,611,464
Last Dividend
$1.89
CEO
Mr. Brendan M. Foley
McCormick & Company, Incorporated is a global consumer staples company specializing in flavor products for both retail and industrial customers. The company manufactures, markets, and distributes a broad range of spices, herbs, seasoning mixes, condiments, and other flavor-enhancing products. Its portfolio spans well-known brands used in home cooking, foodservice, and packaged food production, serving grocery retailers, restaurant chains, and food and beverage manufacturers worldwide. McCormick & Company, Incorporated offers products that support everyday cooking, grilling, snacking, and prepared meals across multiple cuisines and price points. It operates in the consumer and flavor solutions segments, providing branded items for household kitchens as well as customized flavor systems and ingredients for commercial clients. Headquartered in the Baltimore, Maryland area, McCormick & Company, Incorporated plays a significant role in the packaged foods and consumer defensive sector by helping drive taste innovation, menu development, and product differentiation for its customers across global markets.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 9 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jun 25, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+445.5%
Mar '26
+10.0%
Mar '26
+13.1%
Jun '26
+14.3%
Jun '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jun 25, 2026 | $0.70 | $0.80 +14.3% | — | — |
| Jun 4, 2026 | $1.45 | $1.64 +13.1% | — | — |
| Mar 31, 2026 | $0.60 | $0.66 +10.0% | — | — |
| Mar 6, 2026 | $-0.22 | $0.76 +445.5% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 3, 2026 | 4 | View |
| Aug 3, 2026 | 4 | View |
| Jul 27, 2026 | 4 | View |
| Jul 23, 2026 | 425 | View |
| Jul 23, 2026 | 425 | View |
| Jul 23, 2026 | 425 | View |
| Jul 15, 2026 | 4 | View |
| Jul 15, 2026 | 4 | View |
| Jul 1, 2026 | 4 | View |
| Jul 1, 2026 | 4 | View |
| Jun 25, 2026 | 10-Q | View |
| Jun 25, 2026 | 8-K | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 9, 2026 3:59am (just now)
Current data · timestamped when a report runs
$52.96
Change · Aug 9
+0.68 (+1.30%)
Day Range
$51.91 – $53.30
52-Week Range
$44.82 – $72.58
50-Day MA
$50.08
200-Day MA
$58.22
Volume
1,533,900.00
Share Structure
Outstanding
268,851,552.00
Float
265,429,072.00
Free Float
98.7%
High free float
— 98.7% of shares trade freely, ~1.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
18.08
Stock Price: $52.96
EPS (Diluted): 2.93
EPS (Diluted): 2.93
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
2.47
Stock Price: $52.96
Total Equity: $5.77B
Shares: 269,400,000
Total Equity: $5.77B
Shares: 269,400,000
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
13.64
Market Cap: $14.24B
Total Debt: $3.61B
Cash: $95.90M
EBITDA: $1.30B
Total Debt: $3.61B
Cash: $95.90M
EBITDA: $1.30B
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$17.8B
Market Cap: $14.24B
Total Debt: $3.61B
Cash: $95.90M
Total Debt: $3.61B
Cash: $95.90M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
37.9%
Gross Profit: $2.59B
Revenue: $6.84B
Revenue: $6.84B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
15.7%
Operating Income: $1.07B
Revenue: $6.84B
Revenue: $6.84B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
11.5%
Net Income: $789.40M
Revenue: $6.84B
Revenue: $6.84B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
13.7%
Net Income: $789.40M
Total Equity: $5.77B
Total Equity: $5.77B
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
9.1%
Operating Income: $1.07B
Tax Rate: 21.4%
Equity: $5.77B
Total Debt: $3.61B
Cash: $95.90M
Tax Rate: 21.4%
Equity: $5.77B
Total Debt: $3.61B
Cash: $95.90M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
0.70
Current Assets: $2.14B
Current Liabilities: $3.06B
Current Liabilities: $3.06B
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.63
Short-Term Debt: $509.10M
Long-Term Debt: $3.11B
Total Debt: $3.61B
Total Equity: $5.77B
Long-Term Debt: $3.11B
Total Debt: $3.61B
Total Equity: $5.77B
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$25.39
Revenue: $6.84B
Shares: 269,400,000
Shares: 269,400,000
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$21.41
Total Equity: $5.77B
Shares: 269,400,000
Shares: 269,400,000
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$3.57
Operating CF: $962.20M
CapEx: $0.00
Shares: 269,400,000
CapEx: $0.00
Shares: 269,400,000
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
3.6%
Last Dividend: $1.89
Stock Price: $52.96
Stock Price: $52.96
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
61.2%
Dividends Paid: -$483.00M
Net Income: $789.40M
Net Income: $789.40M
Income Statement (Annual)
Last updated: Aug 9, 2026 3:59am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.3B | $6.4B | $6.7B | $6.7B | $6.8B |
| Cost of Revenue | $3.8B | $4.1B | $4.2B | $4.1B | $4.2B |
| Gross Profit | $2.5B | $2.3B | $2.5B | $2.6B | $2.6B |
| Operating Expenses | $1.5B | $1.4B | $1.5B | $1.5B | $1.5B |
| Operating Income | $1.0B | $863.6M | $963.0M | $1.1B | $1.1B |
| Net Income | $755.3M | $682.0M | $680.6M | $788.5M | $789.4M |
| EBITDA | $1.2B | $1.1B | $1.2B | $1.3B | $1.3B |
| EPS | $2.83 | $2.54 | $2.54 | $2.94 | $2.94 |
| EPS (Diluted) | $2.80 | $2.52 | $2.52 | $2.92 | $2.93 |
Balance Sheet (Annual)
Last updated: Aug 9, 2026 3:59am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $351.7M | $334.0M | $166.6M | $186.1M | $95.9M |
| Total Current Assets | $2.2B | $2.4B | $2.0B | $2.1B | $2.1B |
| Total Assets | $12.9B | $13.1B | $12.9B | $13.1B | $13.2B |
| Current Liabilities | $3.2B | $3.4B | $3.1B | $2.9B | $3.1B |
| Long-Term Debt | $4.0B | $3.6B | $3.3B | $3.6B | $3.1B |
| Total Liabilities | $8.5B | $8.4B | $7.8B | $7.8B | $7.4B |
| Total Equity | $4.4B | $4.7B | $5.1B | $5.3B | $5.8B |
| Retained Earnings | $2.8B | $3.0B | $3.2B | $3.5B | $3.8B |
Cash Flow (Annual)
Last updated: Aug 9, 2026 3:59am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $828.3M | $651.5M | $1.2B | $921.9M | $962.2M |
| Capital Expenditure | -$278.0M | -$262.0M | — | — | — |
| Free Cash Flow | $550.3M | $389.5M | — | — | — |
| Acquisitions (net) | — | — | — | — | — |
| Net Debt Issued / (Repaid) | $2.4B | $2.9B | -$200.1M | $1.5B | $169.2M |
| Dividends Paid | -$363.3M | -$396.7M | -$418.5M | -$451.0M | -$483.0M |
| Stock Buybacks | -$8.6M | -$38.8M | -$35.7M | -$53.1M | -$34.8M |
| Net Change in Cash | -$71.9M | -$17.7M | -$167.4M | $19.5M | -$90.2M |
Growth Trends (YoY %)
Last updated: Aug 9, 2026 3:59am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +0.5% | +4.9% | +0.9% | +1.7% |
| Gross Profit Growth | -8.8% | +10.0% | +3.5% | +0.0% |
| Operating Income Growth | -14.9% | +11.5% | +10.1% | +1.0% |
| Net Income Growth | -9.7% | -0.2% | +15.9% | +0.1% |
| EBITDA Growth | -11.4% | +9.2% | +9.2% | +2.6% |
Dividend History (Last 20)
Last updated: Aug 9, 2026 3:59am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-07-06 | $0.48 | — | — | — |
| 2026-04-20 | $0.48 | — | — | — |
| 2025-12-29 | $0.48 | — | — | — |
| 2025-10-14 | $0.45 | — | — | — |
| 2025-07-07 | $0.45 | — | — | — |
| 2025-04-07 | $0.45 | — | — | — |
| 2024-12-30 | $0.45 | — | — | — |
| 2024-10-07 | $0.42 | — | — | — |
| 2024-07-08 | $0.42 | — | — | — |
| 2024-04-05 | $0.42 | — | — | — |
| 2023-12-28 | $0.42 | — | — | — |
| 2023-10-06 | $0.39 | — | — | — |
| 2023-07-07 | $0.39 | — | — | — |
| 2023-04-06 | $0.39 | — | — | — |
| 2022-12-29 | $0.39 | — | — | — |
| 2022-10-07 | $0.37 | — | — | — |
| 2022-07-08 | $0.37 | — | — | — |
| 2022-04-08 | $0.37 | — | — | — |
| 2021-12-30 | $0.37 | — | — | — |
| 2021-10-08 | $0.34 | — | — | — |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-30 | Foley Brendan M | A-Award | 49.19 | $50.96 | $2,507 |
| 2026-07-30 | Piper Sarah | A-Award | 49.81 | $50.96 | $2,538 |
| 2026-07-23 | Conway Michael Aaron | P-Purchase | 1,100.00 | $50.21 | $55,227 |
| 2026-07-13 | Foley Brendan M | A-Award | 46.64 | $53.75 | $2,507 |
| 2026-07-13 | Piper Sarah | A-Award | 47.23 | $53.75 | $2,538 |
Industry Benchmarks
Compares MKC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
Not applicable for this companies
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
Not applicable for this companies
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
Not applicable for this companies
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for this companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for this companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
Not applicable for this companies
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MKC — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for MKC — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for MKC — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for MKC — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · three lenses
Character & Durability Scorecard
Ten long-horizon business-character traits the Quality / Value / Sentiment lenses don’t break out, scored 1–10.
No scorecard yet for MKC — the ten traits are scored by the
pipeline (
ext-scorecard step) when a report is run on this ticker.
No community reviews yet for MKC.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.515 · 9f7cac68 · 2026-08-08 13:09:58