MCCORMICK & CO INC(MKC)Stock Analysis
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Rank #351 of 2,960 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
MKC Stock Analysis & AI Quality Score
Data updated 2026-09-11AI 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 67.6/100 on a 32-signal composite quality model, placing it at rank #351 of 2,960 stocks — the top 25% of the AI-ranked universe. MKC scores in the top quartile across institutional flow (89.0), balance sheet strength (86.5), profitability (85.2). Areas of concern include earnings quality (25.2), which score below median versus the broader universe. 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, VANGUARD CAPITAL MANAGEMENT, STATE FARM MUTUAL AUTOMOBILE INSURANCE, 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 68 since 2021, currently 67.6 — a stable long-term trajectory across 67 quarterly and live scoring snapshots.
What's Driving MKC's Business? Latest 10-Q Breakdown
✓ 28/28 datapoints verifiedAI-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.
Net sales rose 16.7% YoY to $1,936.6M, mainly from consolidating the McCormick de Mexico acquisition (+12.3%), while gross margin expanded 270bps to 40.2% aided by an IEEPA tariff refund.
Biggest Revenue Drivers
McCormick de Mexico acquisition added 19.6%; favorable pricing +2.7%; unfavorable volume/mix -1.9% from Americas declines
McCormick de Mexico acquisition added 3.0%; favorable volume/mix +1.4% and pricing +1.5%
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%
ROIC
Q2 2026
9.3%
D/E Ratio
Q2 2026
0.71
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+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% YoYFree Cash Flow
+14.4% 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 |
| Free Cash Flow | $740.4M +14.4% | $647.0M -33.5% | $973.4M +149.9% | $389.5M -29.2% | $550.3M -32.6% | $816.0M |
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.
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Top Institutional Holders of MKC
BlackRock, Inc.
$1.1B20,948,941 shVANGUARD CAPITAL MANAGEMENT LLC
$837.3M16,607,445 shSTATE FARM MUTUAL AUTOMOBILE INSURANCE CO
$833.1M16,522,728 shSTATE STREET CORP
$772.7M15,326,182 shVANGUARD PORTFOLIO MANAGEMENT LLC
$698.4M13,850,739 shAristotle Capital Management, LLC
$574.2M11,388,915 shSanders Capital, LLC
$408.8M8,107,755 shBoston Partners
$364.6M7,230,202 shGEODE CAPITAL MANAGEMENT, LLC
$342.1M6,812,505 shMORGAN STANLEY
$248.7M4,932,093 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.1B | 20,948,941 |
| VANGUARD CAPITAL MANAGEMENT LLC | $837.3M | 16,607,445 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | $833.1M | 16,522,728 |
| STATE STREET CORP | $772.7M | 15,326,182 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $698.4M | 13,850,739 |
| Aristotle Capital Management, LLC | $574.2M | 11,388,915 |
| Sanders Capital, LLC | $408.8M | 8,107,755 |
| Boston Partners | $364.6M | 7,230,202 |
| GEODE CAPITAL MANAGEMENT, LLC | $342.1M | 6,812,505 |
| MORGAN STANLEY | $248.7M | 4,932,093 |
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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. MKC is classified as a large company.
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.