Mccormick Financial Statements From 2010 to 2022

MKC
 Etf
  

USD 87.84  2.34  2.74%   

Mccormick financial statements provide useful quarterly and yearly information to potential Mccormick investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Mccormick financial statements helps investors assess Mccormick's valuation, profitability, and current liquidity needs.
We have found one hundred twelve available fundamental ratios for Mccormick, which can be analyzed and compared to other ratios and to its peers in the industry. Make sure you check all of Mccormick last-minute market performance against the performance between 2010 and 2022 to make sure the company can sustain itself down the road.
The current year Free Cash Flow is expected to grow to about 634.2 M, whereas Net Income Per Employee is forecasted to decline to about 46.3 K.
  
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Check Mccormick financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mccormick main balance sheet or income statement drivers, such as Direct Expenses of 3 B, Consolidated Income of 726.8 M or Cost of Revenue of 4 B, as well as many exotic indicators such as Interest Coverage of 10.14, Long Term Debt to Equity of 0.77 or Calculated Tax Rate of 25.15. Mccormick financial statements analysis is a perfect complement when working with Mccormick Valuation or Volatility modules. It can also supplement various Mccormick Technical models. Additionally, see the analysis of Mccormick Correlation against competitors.

Mccormick Revenues

6.57 Billion

Share

Mccormick Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets12.1 B14.8 B8.4 B
Increasing
Slightly volatile
Cash and Equivalents436.4 M404.5 M196.9 M
Increasing
Slightly volatile
Investments442.8 M458.3 M379.4 M
Increasing
Slightly volatile
Investments Non Current442.8 M458.3 M379.4 M
Increasing
Slightly volatile
Property Plant and Equipment Net1.1 B1.3 B834.9 M
Increasing
Slightly volatile
Inventory1.2 B1.4 B862.6 M
Increasing
Slightly volatile
Trade and Non Trade Receivables619.8 M631.9 M516 M
Increasing
Slightly volatile
Trade and Non Trade Payables994.5 M1.2 B682.8 M
Increasing
Slightly volatile
Goodwill and Intangible Assets8.1 B10.1 B5.4 B
Increasing
Slightly volatile
Total LiabilitiesB9.8 B5.5 B
Increasing
Slightly volatile
Shareholders Equity4.1 B5.1 B2.9 B
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit2.5 B3.2 B1.7 B
Increasing
Slightly volatile
Current Assets2.2 B2.5 B1.7 B
Increasing
Slightly volatile
Assets Non Current9.9 B12.3 B6.7 B
Increasing
Slightly volatile
Current LiabilitiesB3.7 BB
Increasing
Slightly volatile
Liabilities Non CurrentBB3.5 B
Increasing
Slightly volatile
Tax Liabilities875 M911.1 M483.4 M
Increasing
Slightly volatile
Total Debt4.9 B6.1 B3.3 B
Increasing
Slightly volatile
Debt Current1.6 B1.5 B719.4 M
Increasing
Slightly volatile
Debt Non Current3.8 B4.6 B2.6 B
Increasing
Slightly volatile
Shareholders Equity USD4.1 B5.1 B2.9 B
Increasing
Slightly volatile
Cash and Equivalents USD436.4 M404.5 M196.9 M
Increasing
Slightly volatile
Total Debt USD4.9 B6.1 B3.3 B
Increasing
Slightly volatile
Accounts PayableB957.8 M660.4 M
Increasing
Slightly volatile
Receivables465.3 M494.6 M490.5 M
Increasing
Slightly volatile
Inventories881.4 M1.1 B807 M
Increasing
Slightly volatile

Mccormick Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues6.6 B7.3 B5.1 B
Increasing
Slightly volatile
Cost of RevenueB4.4 BB
Increasing
Slightly volatile
Selling General and Administrative Expense1.5 B1.6 B1.2 B
Increasing
Slightly volatile
Operating Expenses1.6 B1.7 B1.2 B
Increasing
Slightly volatile
Interest Expense136.7 M157.1 M101.5 M
Increasing
Slightly volatile
Income Tax Expense143.5 M173.4 M129.4 M
Increasing
Very volatile
Consolidated Income726.8 M808.6 M558.4 M
Increasing
Slightly volatile
Net Income726.8 M808.6 M558.4 M
Increasing
Slightly volatile
Net Income Common Stock726.8 M808.6 M558.4 M
Increasing
Slightly volatile
Weighted Average Shares313.7 M307.4 M269.8 M
Increasing
Slightly volatile
Weighted Average Shares Diluted316.8 M310.4 M272.2 M
Increasing
Slightly volatile
Earning Before Interest and Taxes EBIT1.1 B1.2 B796.5 M
Increasing
Slightly volatile
Revenues USD6.6 B7.3 B5.1 B
Increasing
Slightly volatile
Net Income Common Stock USD726.8 M808.6 M558.4 M
Increasing
Slightly volatile
Earning Before Interest and Taxes USD1.1 B1.2 B796.5 M
Increasing
Slightly volatile
Gross Profit2.6 B2.9 BB
Increasing
Slightly volatile
Operating IncomeB1.2 B786.8 M
Increasing
Slightly volatile
Direct ExpensesB3.4 B2.8 B
Increasing
Slightly volatile

Mccormick Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow from Financing26 M25.3 M97.8 M
Increasing
Very volatile
Issuance Repayment of Debt Securities 462.5 M455.2 M396.4 M
Increasing
Very volatile
Issuance Purchase of Equity Shares6.1 M5.6 M(22 M)
Increasing
Stable
Net Cash Flow from Operations894.2 M952.5 M716.3 M
Increasing
Slightly volatile
Effect of Exchange Rate Changes on Cash (16.1 M)(15.6 M)(1.5 M)
Decreasing
Stable
Net Cash Flow or Change in Cash and Cash Equivalents(84.9 M)(82.7 M)10.3 M
Decreasing
Stable
Share Based Compensation82.6 M76.6 M36.4 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion187 M214.2 M139.4 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share2.933.252.264
Increasing
Slightly volatile
Earnings per Diluted Share2.913.222.2404
Increasing
Slightly volatile
Earnings per Basic Share USD2.933.252.264
Increasing
Slightly volatile
Dividends per Basic Common Share1.351.560.9913
Increasing
Slightly volatile
Return on Average Equity0.170.150.206
Decreasing
Slightly volatile
Return on Average Assets0.05950.04950.0755
Decreasing
Slightly volatile
Return on Invested Capital0.170.150.2055
Decreasing
Slightly volatile
Gross Margin0.360.360.3958
Decreasing
Slightly volatile
Profit Margin0.130.130.1111
Increasing
Slightly volatile
EBITDA Margin0.220.220.1866
Increasing
Slightly volatile
Return on Sales0.190.190.1592
Increasing
Slightly volatile
Asset Turnover0.560.440.7312
Decreasing
Slightly volatile
Payout Ratio0.540.550.4548
Increasing
Slightly volatile
Enterprise Value over EBITDA25.0426.5620.1323
Increasing
Slightly volatile
Enterprise Value over EBIT29.3431.0523.6455
Increasing
Slightly volatile
Price to Earnings Ratio33.0634.8726.7268
Increasing
Slightly volatile
Sales per Share24.7427.1819.2501
Increasing
Slightly volatile
Price to Sales Ratio3.94.183.1109
Increasing
Slightly volatile
Price to Book Value6.415.985.7277
Increasing
Slightly volatile
Debt to Equity Ratio2.242.211.9161
Increasing
Slightly volatile
Dividend Yield0.0150.01440.0172
Decreasing
Slightly volatile
Current Ratio0.730.610.9192
Decreasing
Slightly volatile
Free Cash Flow per Share2.392.372.0424
Increasing
Slightly volatile
Book Value per Share15.5718.9810.8119
Increasing
Slightly volatile
Tangible Assets Book Value per Share15.3917.7111.421
Increasing
Slightly volatile
Total Assets Per Share46.8843.4530.7914
Increasing
Slightly volatile
Cash Flow Per Share2.522.792.6107
Increasing
Slightly volatile
Return on Investment16.2812.615.9993
Decreasing
Slightly volatile
Operating Margin14.0214.4615.1107
Increasing
Slightly volatile
Calculated Tax Rate25.1524.7420.9423
Decreasing
Stable
Receivables Turnover9.610.559.7192
Increasing
Slightly volatile
Inventory Turnover4.273.973.8
Increasing
Very volatile
PPandE Turnover7.366.76.6404
Decreasing
Slightly volatile
Cash and Equivalents Turnover19.2418.7440.147
Decreasing
Slightly volatile
Accounts Payable Turnover9.056.939.0008
Decreasing
Slightly volatile
Accrued Expenses Turnover9.338.488.4391
Decreasing
Stable
Interest Coverage10.149.179.1406
Decreasing
Slightly volatile
Long Term Debt to Equity0.770.810.8368
Increasing
Slightly volatile
Quick Ratio0.410.320.3953
Decreasing
Slightly volatile
Net Current Assets as percentage of Total Assets(9.4)(9.16)(1.8238)
Decreasing
Slightly volatile
Revenue to Assets0.740.560.73
Decreasing
Slightly volatile

Mccormick Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax915.3 MB695 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.2 B1.4 B935.8 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD1.2 B1.4 B935.8 M
Increasing
Slightly volatile
Market Capitalization22.3 B26.4 B16 B
Increasing
Slightly volatile
Enterprise Value27.1 B32.4 B19.3 B
Increasing
Slightly volatile
Invested Capital5.7 B6.7 B4.1 B
Increasing
Slightly volatile
Average EquityBB2.8 B
Increasing
Slightly volatile
Average Assets11.8 B14.7 BB
Increasing
Slightly volatile
Invested Capital AverageB7.3 B4.2 B
Increasing
Slightly volatile
Tangible Asset Value4.1 B4.7 BB
Increasing
Slightly volatile
Free Cash Flow634.2 M632.8 M537.6 M
Increasing
Slightly volatile
Working Capital(949.5 M)(925.2 M)(328.9 M)
Decreasing
Slightly volatile
Revenue Per Employee394.6 K406.2 K426.5 K
Decreasing
Stable
Net Income Per Employee46.3 K48.6 K49.5 K
Increasing
Slightly volatile

Mccormick Fundamental Market Drivers

Forward Price Earnings24.44
Average Daily Volume Last 10 Day1.2M
Shares Short Prior Month4.73M
Average Daily Volume In Three Month1.24M
Date Short Interest29th of April 2022
Fifty Day Average95.63
Two Hundred Day Average92.06

Mccormick Upcoming Events

Upcoming Quarterly Report27th of January 2022
Next Financial Report29th of March 2022
Next Fiscal Quarter End30th of November 2021
Next Fiscal Year End27th of January 2022
Last Quarter Report31st of August 2021
Last Financial Announcement30th of November 2020

About Mccormick Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Mccormick income statement, its balance sheet, and the statement of cash flows. Mccormick investors use historical funamental indicators, such as Mccormick's revenue or net income, to determine how well the company is positioned to perform in the future. Although Mccormick investors may use each financial statement separately, they are all related. The changes in Mccormick's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Mccormick's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Mccormick Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Mccormick. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Cost of Revenue4.4 BB
Revenues7.3 B6.6 B
Revenue to Assets 0.56  0.74 
Revenue Per Employee406.2 K394.6 K
McCormick Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland. Mccormick operates under Packaged Foods classification in the United States and is traded on New York Stock Exchange. It employs 14000 people.

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Additionally, see the analysis of Mccormick Correlation against competitors. Note that the Mccormick information on this page should be used as a complementary analysis to other Mccormick's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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The market value of Mccormick is measured differently than its book value, which is the value of Mccormick that is recorded on the company's balance sheet. Investors also form their own opinion of Mccormick's value that differs from its market value or its book value, called intrinsic value, which is Mccormick's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mccormick's market value can be influenced by many factors that don't directly affect Mccormick's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mccormick's value and its price as these two are different measures arrived at by different means. Investors typically determine Mccormick value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mccormick's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.