McCormick & Company, Incorporated

MKC-VNYSEConsumer Defensive● Active

$47.42

$-0.47(-0.98%)

Market Cap$12.7B

P/E Ratio—

52W High$77.65

52W Low$44.3

Avg Volume7K

Open$47.26

Beta0.64

Overview

McCormick & Company, Incorporated (MKC-V) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MKC-V · free cash flow · updated Jun 8, 2026

Core FCF metrics

MKC-V · FCF · TTM · margin & CAGR

Free cash flow was $740.4M for FY2025 (fiscal year ending 2025-11-30), up 14.4% year-over-year The FCF margin was 10.8%. Five-year CAGR stands at -1.9%.

FY2025 Free Cash Flow$740.4M▲ +14.4% YoY

Trailing 12M (TTM)$818.5Mtrailing 4 quarters sum

FCF Margin10.8%$740.4M ÷ revenue

3-Year CAGR+23.9%FY2022 → FY2025

5-Year CAGR-1.9%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MKC-V · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$962.2M(222M)$740.4M▲ +14.4%10.8%

FY2024$921.9M(275M)$647.0M▼ 33.5%9.6%

FY2023$1.24B(264M)$973.4M▲ +149.9%14.6%

FY2022$651.5M(262M)$389.5M▼ 29.2%6.1%

FY2021$828.3M(278M)$550.3M▼ 32.6%8.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MKC-V · P/FCF · FCF yield · FCF per share

McCormick & Company, Incorporated (MKC-V) trades at a FCF yield of 6.70% and a price-to-free-cash-flow ratio of 15.5x. FCF per share stands at $3.05, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.70%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.05

TTM FCF ÷ Shares Outstanding

Price / FCF

x15.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x20.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-11-30

Cash flow statement summary

MKC-V · cash flow statement · operating / investing / financing

For FY2025, McCormick & Company, Incorporated generated $962.2M in operating cash flow and spent 222M in capital expenditures, yielding $740.4M in free cash flow.

Operating Activities

+$962.2M

Cash from core business operations

2025-11-30

Investing Activities

−$255.2M

CapEx, acquisitions & investments

2025-11-30

Financing Activities

−$840.9M

Buybacks, dividends & debt

2025-11-30

FCF FormulaOperating CF ($962.2M) − |CapEx| (222M) = FCF ($740.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

MKC-V vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

McCormick & Company, IncorporatedYOU

MKC-V

$740.4M+14.4%10.8%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

McCormick & Company, Incorporated (MKC-V) reported free cash flow of $740.4M for FY2025 (fiscal year ending 2025-11-30), up 14.4% year-over-year. The FCF margin was 10.8%.

Based on available data, McCormick & Company, Incorporated has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $973.4M in FY2023. The 5-year CAGR stands at -1.9%.

McCormick & Company, Incorporated's FCF yield is 6.70% and price-to-FCF ratio is 15.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MKC-V free cash flow · 8 questions

McCormick & Company, Incorporated free cash flow was $740.4M for FY2025, up 14.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $818.5M.

MKC-V free cash flowMKC-V FCFMKC-V FCF 2025MKC-V free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · McCormick & Company, Incorporated · McCormick & Company, Incorporated SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026