McCormick Historical Income Statement

MKC-V Stock

USD 75.12 0.72 0.97%

Historical analysis of McCormick Company income statement accounts such as Gross Profit of 3 B can show how well McCormick Company Incorporated performed in making a profits. Evaluating McCormick Company income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of McCormick Company's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining McCormick Company latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether McCormick Company is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McCormick Company Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About McCormick Income Statement Analysis

McCormick Company Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to McCormick Company shareholders. The income statement also shows McCormick investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

McCormick Company Income Statement Chart

At this time, McCormick Company's Total Operating Expenses is fairly stable compared to the past year. Income Before Tax is likely to climb to about 964.4 M in 2025, whereas Selling General Administrative is likely to drop slightly above 961.7 M in 2025.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts McCormick Company generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of McCormick Company Incorporated minus its cost of goods sold. It is profit before McCormick Company operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of McCormick Company. It is also known as McCormick Company overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from McCormick Company operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of McCormick Company Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from McCormick Company's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into McCormick Company current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McCormick Company Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2024	2025 (projected)
Interest Expense	149.1M	208.2M	239.4M	251.4M
Depreciation And Amortization	200.6M	199.3M	229.2M	240.7M

Interest Expense Depreciation And Amortization

McCormick Company income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Research Development	Net Income From Continuing Ops	Minority Interest	Non Recurring	Tax Provision	Net Interest Income	Reconciled Depreciation	Interest Income
Depreciation And Amortization		0.93	0.97	0.95	0.97	0.96	0.97	0.9	0.98	0.91	0.94	-0.83	0.83	0.43	0.63	-0.64	0.81	0.73	-0.61	0.89	0.11	-0.85	0.89	0.74
Interest Expense	0.93		0.89	0.85	0.88	0.88	0.85	0.74	0.9	0.79	0.83	-0.83	0.77	0.21	0.6	-0.67	0.81	0.81	-0.65	0.83	-0.07	-0.94	0.88	0.82
Total Revenue	0.97	0.89		0.99	1.0	0.96	0.96	0.89	1.0	0.98	0.95	-0.78	0.82	0.46	0.7	-0.56	0.78	0.66	-0.61	0.8	0.09	-0.77	0.83	0.74
Gross Profit	0.95	0.85	0.99		0.99	0.97	0.97	0.91	0.98	0.98	0.97	-0.77	0.84	0.46	0.73	-0.56	0.73	0.66	-0.63	0.76	0.08	-0.74	0.77	0.67
Other Operating Expenses	0.97	0.88	1.0	0.99		0.94	0.95	0.87	1.0	0.98	0.93	-0.77	0.8	0.47	0.69	-0.55	0.79	0.64	-0.59	0.79	0.11	-0.75	0.83	0.76
Operating Income	0.96	0.88	0.96	0.97	0.94		0.99	0.95	0.94	0.92	0.99	-0.79	0.92	0.37	0.71	-0.62	0.7	0.78	-0.66	0.81	0.0	-0.82	0.78	0.59
Ebit	0.97	0.85	0.96	0.97	0.95	0.99		0.97	0.95	0.92	0.99	-0.79	0.88	0.46	0.67	-0.64	0.72	0.73	-0.63	0.84	0.11	-0.79	0.8	0.59
Ebitda	0.9	0.74	0.89	0.91	0.87	0.95	0.97		0.87	0.84	0.98	-0.68	0.91	0.41	0.63	-0.62	0.6	0.72	-0.61	0.78	0.06	-0.73	0.7	0.39
Cost Of Revenue	0.98	0.9	1.0	0.98	1.0	0.94	0.95	0.87		0.97	0.93	-0.78	0.8	0.45	0.68	-0.56	0.81	0.66	-0.59	0.81	0.1	-0.77	0.85	0.77
Total Operating Expenses	0.91	0.79	0.98	0.98	0.98	0.92	0.92	0.84	0.97		0.91	-0.72	0.76	0.53	0.72	-0.48	0.71	0.53	-0.58	0.69	0.14	-0.64	0.72	0.7
Income Before Tax	0.94	0.83	0.95	0.97	0.93	0.99	0.99	0.98	0.93	0.91		-0.74	0.92	0.41	0.69	-0.58	0.67	0.75	-0.63	0.8	0.03	-0.77	0.75	0.53
Total Other Income Expense Net	-0.83	-0.83	-0.78	-0.77	-0.77	-0.79	-0.79	-0.68	-0.78	-0.72	-0.74		-0.56	-0.54	-0.54	0.64	-0.75	-0.57	0.44	-0.88	-0.35	0.77	-0.79	-0.71
Net Income	0.83	0.77	0.82	0.84	0.8	0.92	0.88	0.91	0.8	0.76	0.92	-0.56		0.02	0.68	-0.51	0.54	0.88	-0.67	0.62	-0.34	-0.8	0.63	0.34
Income Tax Expense	0.43	0.21	0.46	0.46	0.47	0.37	0.46	0.41	0.45	0.53	0.41	-0.54	0.02		0.15	-0.26	0.37	-0.19	-0.01	0.54	0.9	-0.02	0.37	0.4
Selling General Administrative	0.63	0.6	0.7	0.73	0.69	0.71	0.67	0.63	0.68	0.72	0.69	-0.54	0.68	0.15		-0.31	0.66	0.57	-0.44	0.38	-0.1	-0.58	0.56	0.42
Selling And Marketing Expenses	-0.64	-0.67	-0.56	-0.56	-0.55	-0.62	-0.64	-0.62	-0.56	-0.48	-0.58	0.64	-0.51	-0.26	-0.31		-0.51	-0.55	0.61	-0.64	-0.11	0.73	-0.56	-0.4
Research Development	0.81	0.81	0.78	0.73	0.79	0.7	0.72	0.6	0.81	0.71	0.67	-0.75	0.54	0.37	0.66	-0.51		0.62	-0.37	0.78	0.23	-0.71	0.96	0.79
Net Income From Continuing Ops	0.73	0.81	0.66	0.66	0.64	0.78	0.73	0.72	0.66	0.53	0.75	-0.57	0.88	-0.19	0.57	-0.55	0.62		-0.61	0.65	-0.4	-0.88	0.71	0.4
Minority Interest	-0.61	-0.65	-0.61	-0.63	-0.59	-0.66	-0.63	-0.61	-0.59	-0.58	-0.63	0.44	-0.67	-0.01	-0.44	0.61	-0.37	-0.61		-0.41	0.27	0.68	-0.41	-0.35
Non Recurring	0.89	0.83	0.8	0.76	0.79	0.81	0.84	0.78	0.81	0.69	0.8	-0.88	0.62	0.54	0.38	-0.64	0.78	0.65	-0.41		0.37	-0.76	0.9	0.69
Tax Provision	0.11	-0.07	0.09	0.08	0.11	0.0	0.11	0.06	0.1	0.14	0.03	-0.35	-0.34	0.9	-0.1	-0.11	0.23	-0.4	0.27	0.37		0.22	0.21	0.23
Net Interest Income	-0.85	-0.94	-0.77	-0.74	-0.75	-0.82	-0.79	-0.73	-0.77	-0.64	-0.77	0.77	-0.8	-0.02	-0.58	0.73	-0.71	-0.88	0.68	-0.76	0.22		-0.79	-0.61
Reconciled Depreciation	0.89	0.88	0.83	0.77	0.83	0.78	0.8	0.7	0.85	0.72	0.75	-0.79	0.63	0.37	0.56	-0.56	0.96	0.71	-0.41	0.9	0.21	-0.79		0.79
Interest Income	0.74	0.82	0.74	0.67	0.76	0.59	0.59	0.39	0.77	0.7	0.53	-0.71	0.34	0.4	0.42	-0.4	0.79	0.4	-0.35	0.69	0.23	-0.61	0.79

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McCormick Company Account Relationship Matchups

McCormick Company income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	165M	186.3M	200.6M	199.3M	229.2M	240.7M
Interest Expense	135.6M	136.6M	149.1M	208.2M	239.4M	251.4M
Total Revenue	5.6B	6.3B	6.4B	6.7B	7.7B	8.0B
Gross Profit	2.3B	2.5B	2.3B	2.5B	2.9B	3.0B
Other Operating Expenses	4.6B	5.2B	5.4B	5.6B	6.5B	6.8B
Operating Income	999.5M	1.0B	863.6M	963M	1.1B	1.2B
Ebit	1.0B	1.0B	992.4M	963M	1.1B	1.2B
Ebitda	1.2B	1.2B	1.2B	963M	1.1B	1.2B
Cost Of Revenue	3.3B	3.8B	4.1B	4.2B	4.8B	5.0B
Total Operating Expenses	1.3B	1.4B	1.4B	1.5B	1.7B	1.8B
Income Before Tax	881.5M	895.8M	812.8M	798.7M	918.5M	964.4M
Total Other Income Expense Net	(118M)	(119.3M)	(50.8M)	(164.3M)	(147.9M)	(140.5M)
Net Income	747.4M	755.3M	682M	624.2M	717.8M	753.7M
Income Tax Expense	174.9M	192.7M	168.6M	174.5M	200.7M	210.7M
Selling General Administrative	1.3B	1.2B	1.1B	1.5B	1.7B	961.7M
Selling And Marketing Expenses	230.3M	237.8M	240.4M	247.1M	222.4M	214.5M
Research Development	68.6M	87.3M	87.5M	94.9M	109.1M	77.4M
Net Income From Continuing Ops	747.4M	755.3M	644.2M	680.6M	782.7M	687.8M
Net Income Applicable To Common Shares	702.7M	747.4M	755.3M	682M	784.3M	685.7M
Tax Provision	174.9M	192.7M	168.6M	174.5M	200.7M	139.6M
Net Interest Income	(127.8M)	(127.3M)	(131.3M)	(171.6M)	(154.4M)	(162.2M)
Reconciled Depreciation	165M	186.3M	200.6M	199.3M	229.2M	186.4M

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McCormick Historical Income Statement

About McCormick Income Statement Analysis

McCormick Company Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

McCormick Company income statement Correlations

McCormick Company Account Relationship Matchups

High Positive Relationship

High Negative Relationship

McCormick Company income statement Accounts

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Gross Profit	+ 0.99	Total Revenue
Other Operating Expenses	+ 0.99	Gross Profit
Ebit	+ 0.99	Operating Income

Net Interest Income	- 0.94	Interest Expense
Net Interest Income	- 0.88	Net Income From Continuing Ops
Non Recurring	- 0.88	Total Other Income Expense Net
Net Interest Income	- 0.85	Depreciation And Amortization
Total Other Income Expense Net	- 0.83	Interest Expense
Total Other Income Expense Net	- 0.83	Depreciation And Amortization