McCormick & Company, Incorporated

BUL:MCX Stock Report

Market Cap: €16.3b

McCormick Past Earnings Performance

Past criteria checks 1/6

McCormick's earnings have been declining at an average annual rate of -3.2%, while the Food industry saw earnings growing at 7.7% annually. Revenues have been growing at an average rate of 5.3% per year. McCormick's return on equity is 12.8%, and it has net margins of 9.8%.

Key information

-3.2%

Earnings growth rate

-3.6%

EPS growth rate

Food Industry Growth30.4%
Revenue growth rate5.3%
Return on equity12.8%
Net Margin9.8%
Last Earnings Update31 Aug 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How McCormick makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BUL:MCX Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Aug 236,6056471,33788
31 May 236,5167001,29488
28 Feb 236,3946661,26388
30 Nov 226,3516821,26088
31 Aug 226,3856941,31387
31 May 226,3396831,31387
28 Feb 226,3597481,32287
30 Nov 216,3187551,31087
31 Aug 216,1467591,30069
31 May 216,0267521,28969
28 Feb 215,8717651,25169
30 Nov 205,6017471,20369
31 Aug 205,5287601,15967
31 May 205,4277461,11867
29 Feb 205,3286991,09067
30 Nov 195,3477031,08267
31 Aug 195,3317031,06569
31 May 195,3206851,07169
28 Feb 195,3196591,08069
30 Nov 185,3039331,08269
31 Aug 185,3268951,15666
31 May 185,1938301,16266
28 Feb 185,0068071,17166
30 Nov 174,73047796366
31 Aug 174,5704591,12861
31 May 174,4764791,11161
28 Feb 174,4254721,10761
30 Nov 164,4124721,11461
31 Aug 164,3864641,09061
31 May 164,3554341,09261
29 Feb 164,3164251,07061
30 Nov 154,2964021,06361
31 Aug 154,2684001,06262
31 May 154,2514261,05162
28 Feb 154,2604261,06162
30 Nov 144,2434381,06062
31 Aug 144,2404201,04561
31 May 144,2134011,04361
28 Feb 144,1823961,02761
30 Nov 134,1233891,00961
31 Aug 134,0994081,00658
31 May 134,06040899558
28 Feb 134,04240998758
30 Nov 124,01440898058

Quality Earnings: MCX has high quality earnings.

Growing Profit Margin: MCX's current net profit margins (9.8%) are lower than last year (10.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MCX's earnings have declined by 3.2% per year over the past 5 years.

Accelerating Growth: MCX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MCX had negative earnings growth (-6.7%) over the past year, making it difficult to compare to the Food industry average (6.5%).

Return on Equity

High ROE: MCX's Return on Equity (12.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/11/18 03:47
End of Day Share Price 2023/08/21 00:00
Earnings2023/08/31
Annual Earnings2022/11/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

McCormick & Company, Incorporated is covered by 32 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Ishan MajumdarBaptista Research
Andrew LazarBarclays