MCCORMICK & CO INC(MKC)Stock Analysis
AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →13F Pro Quality Score
Rank #185 of 2,879 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
MKC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for MCCORMICK & CO INC (MKC), a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores MKC at 73.7/100 on a 32-signal composite quality model, placing it at rank #185 of 2,879 stocks — the top 10% of the AI-ranked universe. MKC scores in the top quartile across balance sheet strength (89.9), profitability (88.3), earnings quality (84.8). Based on the latest XBRL financial filings (Q2 2026), MCCORMICK & CO INC reports quarterly revenue of $1.9B, net income of $150.1M, an operating margin of 14.3%. Top institutional holders of MKC by reported 13-F value include BlackRock,, STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. MKC trades on the NYSE exchange and files with the SEC under CIK 63754. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MKC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MCCORMICK & CO INC directly from SEC EDGAR. MCCORMICK & CO INC's 13F Pro composite quality score has ranged between 51 and 74 since 2021, currently 73.7 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
What's Driving MKC's Business? Latest 10-Q Breakdown
AI-extracted from MCCORMICK & CO INC's 10-Q filed 2026-06-25 — Q2 FY2026 (quarter ended May 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
McCormick reported 16.7% net sales growth to $1.94B, with operating income of $276.4M, driven by McCormick de Mexico acquisition contributing 12.3% and favorable pricing of 2.2%, offset by special charges of $60.0M related to the pending Unilever Foods merger.
Biggest Revenue Drivers
Total revenue: $1,936.6M+16.7% YoY
McCormick de Mexico acquisition drove 19.6% growth; favorable pricing +2.7%; unfavorable volume/mix -1.9%.
Favorable volume/mix +1.4% and pricing +1.5%; McCormick de Mexico contribution 3.0%.
Largest Expense Items
Driven by net sales increase; partially offset by IEEPA tariff refund benefit of $27.6M and CCI cost savings.
Increased brand marketing, technology investments, and McCormick de Mexico acquisition impact.
Margins: Gross profit margin improved 270 basis points to 40.2%, driven by McCormick de Mexico acquisition, favorable pricing, IEEPA tariff refund, and CCI savings, partially offset by commodity costs and Middle East conflict-related freight increases. Operating margin (reported) decreased 50 basis points to 14.3% due to higher special charges, though adjusted operating margin (excluding special charges) improved 180 basis points.
Watch Items from the Filing
- Pending $15.7B Unilever Foods merger with $420M termination fee exposure; transaction subject to regulatory approval, shareholder vote, and financing. Debt expected to increase substantially post-closing.
- McCormick de Mexico acquisition ($750M) on January 2, 2026 created 25% noncontrolling interest (Grupo Herdez); related-party payments of $66.8M YTD for supervision and distribution services; requires ongoing integration.
- Consumer segment volume/mix unfavorable by 1.9% YoY; Americas region particularly weak (-3.6% on organic basis) despite 2.7% pricing increases, indicating price elasticity pressure and competitive intensity.
- IEEPA tariff refund claim of $30.8M submitted; recovery uncertain due to government appeal of CIT order; reversal of $27.6M tariff expense recognized in Q2 2026.
- Middle East conflict driving elevated freight and commodity cost inflation; Company notes ongoing disruption to oil/gas supplies and energy prices affecting margins despite CCI offsets.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q2 2026
$1.9B
Net Income
Q2 2026
$150.1M
Free Cash Flow
Q2 2026
$337.1M
Operating Margin
Q2 2026
14.3%
D/E Ratio
Q2 2026
0.71
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+1.7% YoYNet Income
+0.1% YoYOperating Income
+1.0% YoYEPS (Diluted)
+0.3% YoYTotal Assets
+1.0% YoYTotal Debt
-2.2% YoYOp. Cash Flow
+4.4% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $6.84B +1.7% | $6.72B +0.9% | $6.66B +4.9% | $6.35B +0.5% | $6.32B +12.8% | $5.60B |
| Net Income | $789.4M +0.1% | $788.5M +15.9% | $680.6M -0.2% | $682.0M -9.7% | $755.3M +1.1% | $747.4M |
| Operating Income | $1.07B +1.0% | $1.06B +10.1% | $963.0M +11.5% | $863.6M -14.9% | $1.02B +1.6% | $999.5M |
| EPS (Diluted) | $2.93 +0.3% | $2.92 +15.9% | $2.52 +0.0% | $2.52 -10.0% | $2.80 +0.7% | $2.78 |
| Total Assets | $13.20B +1.0% | $13.07B +1.6% | $12.86B -2.0% | $13.12B +1.7% | $12.91B +6.8% | $12.09B |
| Total Debt | $4.51B -2.2% | $4.61B -11.6% | $5.21B -3.9% | $5.42B -10.5% | $6.05B +17.1% | $5.17B |
| Operating Cash Flow | $962.2M +4.4% | $921.9M -25.5% | $1.24B +89.9% | $651.5M -21.3% | $828.3M -20.5% | $1.04B |
AI Insight: MKC Financial Trends
Revenue growth accelerating while operating leverage stalls; Q1 2026 net income spike appears one-time, masking underlying margin pressure.
• Revenue expanded 15.2% from Q3 2024 ($1,680M) to Q2 2026 ($1,937M), with consecutive quarter-over-quarter growth in last four quarters.
• Operating income margin contracted to 14.3% in Q2 2026 vs. 17.0% in Q4 2025, despite higher revenue.
• Operating cash flow recovered to $380M in Q2 2026 from $51M in Q1 2026, signaling working capital normalization.
• Total debt decreased to $4,943M in Q2 2026 from $5,212M in Q2 2025, while equity grew 24.8% to $6,996M.
⚠ Q1 2026 net income of $1,016M appears anomalous; Q2 2026 reverted to $150M, suggesting one-time gain or accounting adjustment.
⚠ Operating margin compression (17.0% Q4 2025 → 14.3% Q2 2026) despite volume growth signals pricing or cost pressure.
AI Insight: MKC Ratio Trends
Operating margin collapsed to 12.1% in Q1 2026, dragging ROIC down to 7.6%—lowest in two years despite improved leverage.
• OpMargin fell from 16.8% (Q4 2025) to 12.1% (Q1 2026), a 7.0pp drop. ROIC declined to 7.6%, matching early-2025 lows.
• Debt-to-equity improved to 0.71 (Q2 2026) from 0.93 (Q1–Q2 2025), reducing financial leverage.
• Net profit margin spiked to 54.2% in Q1 2026, but reversed sharply to 7.8% in Q2 2026—consistent with one-off activity.
⚠ Q1 2026 profitability metrics (ROE 58.2%, ROA 24.9%) reversed in Q2 2026, signaling non-recurring gain or charge in Q1.
⚠ Core operating performance (OpMargin, ROIC, ROA) remains materially below Q4 2025 and pre-2025 baseline levels.
Get alerted when MKC's score changes
Free account: watchlist tracking, the daily AI brief, and the AI screener.
Available Research
13F Pro tracks comprehensive data for MCCORMICK & CO INC including:
Top Institutional Holders of MKC
BlackRock, Inc.
$1.1B21,273,771 shSTATE FARM MUTUAL AUTOMOBILE INSURANCE CO
$833.4M16,522,728 shVANGUARD CAPITAL MANAGEMENT LLC
$832.9M16,512,212 shSTATE STREET CORP
$774.0M15,345,206 shVANGUARD PORTFOLIO MANAGEMENT LLC
$699.3M13,864,616 shAristotle Capital Management, LLC
$638.8M12,664,378 shGEODE CAPITAL MANAGEMENT, LLC
$334.9M6,665,410 shBoston Partners
$222.2M4,405,450 shInvesco Ltd.
$198.8M3,941,387 shMORGAN STANLEY
$193.2M3,829,370 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.1B | 21,273,771 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | $833.4M | 16,522,728 |
| VANGUARD CAPITAL MANAGEMENT LLC | $832.9M | 16,512,212 |
| STATE STREET CORP | $774.0M | 15,345,206 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $699.3M | 13,864,616 |
| Aristotle Capital Management, LLC | $638.8M | 12,664,378 |
| GEODE CAPITAL MANAGEMENT, LLC | $334.9M | 6,665,410 |
| Boston Partners | $222.2M | 4,405,450 |
| Invesco Ltd. | $198.8M | 3,941,387 |
| MORGAN STANLEY | $193.2M | 3,829,370 |
More Consumer Staples Companies
View all Consumer Staples →Put MKC on your watchlist
Track score changes the day MCCORMICK & CO INC files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.
Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).
Popular Research
Is MKC a good stock to buy?
13F Pro's AI-powered analysis of MCCORMICK & CO INC (MKC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Staples sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MKC are available on the MKC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own MKC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MKC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MCCORMICK & CO INC's investment landscape.