McCormick & Company

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in flavor and one of the most respected and familiar names in the industry. In business for more than 125 years, McCormick manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry—retail outlets, food manufacturers and food service businesses.

The McCormick name represents a trusted source of flavor in millions of kitchens around the globe—in homes and in restaurants. Partnerships with farmers and suppliers around the world allow us to provide great-tasting, quality spices with year-over-year consistency that you can trust. No exceptions. 

Our herbs and spices come from 40 different countries, while our brands reach consumers in more than 135 countries and territories. Our passion for quality is matched only by our commitment to an innovative and energetic company culture. At McCormick, we believe in respect, recognition, inclusion and collaboration, based on the highest ethical values for our employees. 

McCormick is a team of more than 10,000 employees located around the world—and we’re growing. If you have a passion for flavor—and you’re ready to take a journey—come have a seat at our table.

Company Growth (employees)
Type
Public
HQ
Sparks Glencoe, US
Founded
1889
Size (employees)
10,500 (est)
McCormick & Company was founded in 1889 and is headquartered in Sparks Glencoe, US

McCormick & Company Office Locations

McCormick & Company has an office in Sparks Glencoe
Sparks Glencoe, US (HQ)
18 Loveton Cir

McCormick & Company Data and Metrics

McCormick & Company Financial Metrics

McCormick & Company's revenue was reported to be $4.4 b in FY, 2016 which is a 3% increase from the previous period.
USD

Revenue (FY, 2016)

4.4 b

Revenue growth (FY, 2015 - FY, 2016), %

3%

Gross profit (FY, 2016)

1.8 b

Gross profit margin (FY, 2016), %

42%

Net income (FY, 2016)

472.3 m

EBIT (FY, 2016)

641 m

Market capitalization (23-Jun-2017)

12.5 b

Closing share price (23-Jun-2017)

99.7

Cash (30-Nov-2016)

118.4 m

EV

13.4 b
McCormick & Company's current market capitalization is $12.5 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4.1 b4.2 b4.3 b4.4 b

Revenue growth, %

3%1%3%

Cost of goods sold

2.5 b2.5 b2.6 b2.6 b

Gross profit

1.7 b1.7 b1.7 b1.8 b

Gross profit Margin, %

40%41%40%42%

EBIT

550.5 m603 m548.4 m641 m

EBIT margin, %

13%14%13%15%

Net Income

389 m437.9 m401.6 m472.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

63 m77.3 m112.6 m118.4 m

Inventories

676.9 m713.8 m710.8 m756.3 m

Current Assets

1.4 b1.4 b1.4 b1.4 b

PP&E

576.6 m602.7 m618.4 m669.4 m

Goodwill

1.8 b1.7 b1.8 b1.8 b

Total Assets

4.4 b4.4 b4.5 b4.6 b

Accounts Payable

387.3 m372.1 m411.9 m450.8 m

Total Debt

1 b1 b1.3 b1.1 b

Current Liabilities

1.1 b1.1 b1.2 b1.4 b

Retained Earnings

970.4 m982.6 m1 b1.1 b

Total Equity

1.7 b1.6 b

Debt to Equity Ratio

0.7 x0.6 x

Debt to Assets Ratio

0.2 x0.2 x0.3 x0.2 x

Financial Leverage

2.7 x2.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

389 m437.9 m401.6 m472.3 m
USDY, 2016

EV/EBIT

21 x

Revenue/Employee

441.2 k

Debt/Equity

0.6 x

Debt/Assets

0.2 x

Financial Leverage

2.8 x

McCormick & Company Market Value History

McCormick & Company Median Salaries

Source: 10 public H-1B filings from McCormick & Company

McCormick & Company Online and Social Media Presence

McCormick & Company Company Life and Culture

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