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 Growth | 30.4% |
| Revenue growth rate | 5.3% |
| Return on equity | 12.8% |
| Net Margin | 9.8% |
| Last Earnings Update | 31 Aug 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How McCormick makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Aug 23 | 6,605 | 647 | 1,337 | 88 |
| 31 May 23 | 6,516 | 700 | 1,294 | 88 |
| 28 Feb 23 | 6,394 | 666 | 1,263 | 88 |
| 30 Nov 22 | 6,351 | 682 | 1,260 | 88 |
| 31 Aug 22 | 6,385 | 694 | 1,313 | 87 |
| 31 May 22 | 6,339 | 683 | 1,313 | 87 |
| 28 Feb 22 | 6,359 | 748 | 1,322 | 87 |
| 30 Nov 21 | 6,318 | 755 | 1,310 | 87 |
| 31 Aug 21 | 6,146 | 759 | 1,300 | 69 |
| 31 May 21 | 6,026 | 752 | 1,289 | 69 |
| 28 Feb 21 | 5,871 | 765 | 1,251 | 69 |
| 30 Nov 20 | 5,601 | 747 | 1,203 | 69 |
| 31 Aug 20 | 5,528 | 760 | 1,159 | 67 |
| 31 May 20 | 5,427 | 746 | 1,118 | 67 |
| 29 Feb 20 | 5,328 | 699 | 1,090 | 67 |
| 30 Nov 19 | 5,347 | 703 | 1,082 | 67 |
| 31 Aug 19 | 5,331 | 703 | 1,065 | 69 |
| 31 May 19 | 5,320 | 685 | 1,071 | 69 |
| 28 Feb 19 | 5,319 | 659 | 1,080 | 69 |
| 30 Nov 18 | 5,303 | 933 | 1,082 | 69 |
| 31 Aug 18 | 5,326 | 895 | 1,156 | 66 |
| 31 May 18 | 5,193 | 830 | 1,162 | 66 |
| 28 Feb 18 | 5,006 | 807 | 1,171 | 66 |
| 30 Nov 17 | 4,730 | 477 | 963 | 66 |
| 31 Aug 17 | 4,570 | 459 | 1,128 | 61 |
| 31 May 17 | 4,476 | 479 | 1,111 | 61 |
| 28 Feb 17 | 4,425 | 472 | 1,107 | 61 |
| 30 Nov 16 | 4,412 | 472 | 1,114 | 61 |
| 31 Aug 16 | 4,386 | 464 | 1,090 | 61 |
| 31 May 16 | 4,355 | 434 | 1,092 | 61 |
| 29 Feb 16 | 4,316 | 425 | 1,070 | 61 |
| 30 Nov 15 | 4,296 | 402 | 1,063 | 61 |
| 31 Aug 15 | 4,268 | 400 | 1,062 | 62 |
| 31 May 15 | 4,251 | 426 | 1,051 | 62 |
| 28 Feb 15 | 4,260 | 426 | 1,061 | 62 |
| 30 Nov 14 | 4,243 | 438 | 1,060 | 62 |
| 31 Aug 14 | 4,240 | 420 | 1,045 | 61 |
| 31 May 14 | 4,213 | 401 | 1,043 | 61 |
| 28 Feb 14 | 4,182 | 396 | 1,027 | 61 |
| 30 Nov 13 | 4,123 | 389 | 1,009 | 61 |
| 31 Aug 13 | 4,099 | 408 | 1,006 | 58 |
| 31 May 13 | 4,060 | 408 | 995 | 58 |
| 28 Feb 13 | 4,042 | 409 | 987 | 58 |
| 30 Nov 12 | 4,014 | 408 | 980 | 58 |
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.