16.7%
Revenue Growth Driven by Strong Demand
MKC's revenue increased by 16.7% year-over-year, driven by strong demand across key markets.
Source: Source: 10-Q Income Statement, p.1
AI Takeaway
MKC reported strong revenue growth of 16.7% in Q2 FY2026, but net income declined by 14.2% due to increased SG&A expenses.
Revenue
$1.94B
++16.70% YoY
EPS (Basic)
$0.56
-13.85% YoY
Gross Margin
40.2%
++2.65% YoY
Operating Income
$276.4M
++12.45% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
MKC's revenue increased by 16.7% year-over-year, driven by strong demand across key markets.
Source: Source: 10-Q Income Statement, p.1
SG&A expenses rose by 21.3%, which contributed to a decline in net income despite higher revenues.
Source: Source: 10-Q Income Statement, p.1
Operating cash flow improved significantly by 166.9% year-over-year, indicating better cash management.
Source: Source: 10-Q Cash Flow Statement, p.1
The increase in SG&A expenses by 21.3% could pressure future profitability if not managed effectively.
Source: Source: 10-Q Income Statement, p.1
Unlock 2 more detailed risk analysis
Upgrade to unlock| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $1.94B | $1.66B | +16.70% |
Cost of Revenue | $1.16B | $1.04B | +11.74% |
Gross Profit | $778.2M | $622.8M | +24.95% |
Operating Income | $276.4M | $245.8M | +12.45% |
Net Income | $150.1M | $175M | -14.23% |
EPS (Basic) | $0.56 | $0.65 | -13.85% |
EPS (Diluted) | $0.56 | $0.65 | -13.85% |
SG&A Expense | $441.8M | $364.2M | +21.31% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $16.48B | $13.19B | +24.92% |
Current Assets | $2.79B | $2.17B | +28.74% |
Total Liabilities | $8.9B | $7.56B | +17.78% |
Current Liabilities | $3.57B | $3.19B | +12.12% |
Stockholders' Equity | $7B | $5.6B | +24.89% |
Cash & Equivalents | $331.2M | $124.1M | +166.88% |
Long-Term Debt | $3.61B | $3.86B | -6.46% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $430.7M | $161.4M | +166.85% |
Investing Cash FlowYTD | $-805.1M | $-105.2M | -665.30% |
Financing Cash FlowYTD | $602.7M | $-142.9M | +521.76% |
Share BuybacksYTD | $10.9M | $26.5M | -58.87% |
D&AYTD | $136.5M | $110.9M | +23.08% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 40.2% | 37.5% | +2.65% |
Operating Margin | 14.3% | 14.8% | -0.54% |
Net Margin | 7.8% | — | — |
ROE | 2.1% | — | — |
ROA | 0.9% | — | — |
Current Ratio | $0.781 | — | — |
Debt to Equity | $1.273 | — | — |
MKC reported Q1 FY2026 revenue of $1.87B (+16.7% YoY) driven by strong top-line growth, but net income surged 526% to $1.02B primarily due to a large non-operating gain, while operating cash flow declined sharply and SG&A costs rose faster than revenue.
McCormick (MKC) delivered modest FY2025 growth with revenue rising 1.7% to $6.84B, while net income held nearly flat at $789.4M and gross margin compressed slightly to 37.9%, reflecting cost pressures offsetting volume gains.
Other companies in Packaged Foods & Meats
The filing does not provide specific earnings estimates, but MKC reported a 16.7% increase in revenue and a 14.2% decline in net income.
MKC saw a 16.7% increase in revenue, but net income fell by 14.2% due to higher SG&A expenses. Operating cash flow improved significantly.
Key risks include rising operating costs, high debt levels, and a decline in net income.
Revenue grew by 16.7% to $1.94B, driven by strong demand across key markets.
MKC's financial health shows strong revenue growth and improved cash flow, but challenges include high SG&A expenses and significant debt levels.