McCormick Revenue, Profits - MKC Annual Income Statement

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$105.07 $0.74 (0.7%) MKC stock closing price Jun 21, 2018 (Closing)

Financial analysis of McCormick involves more than just checking the McCormick stock price, by looking at the financial statements of the company in detail. In the income statement, an investor can check for important parameters like the topline or sales, the bottomline or profits, the basic EPS, dividends etc. Like any other income statement, the MKC income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue growth of 9.58% when compared to the same period in the past. The operating expenses as shown in the McCormick profit and loss statement for 2017 total to $1.31B. This line item shows that the operating expenses has increased compared with last year. Also check: McCormick assets and McCormick free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Dec - Nov2017201620152014201320122011201020092008
McCormick Revenues or Net Sales
4.83B4.41B4.3B4.24B4.12B4.01B3.7B3.34B3.19B3.18B
Cost Of Goods Sold (COGS)2.82B2.58B2.56B2.51B2.46B2.4B2.18B1.92B1.86B1.89B
McCormick Gross Profit
2.01B1.83B1.74B1.73B1.67B1.62B1.52B1.42B1.33B1.29B
Research & Development Expense----------
Selling General & Admin Expense1.31B1.19B1.19B1.13B1.12B1.04B982.2M907.9M860.3M911.7M
Income Before Depreciation Depletion Amortization702.4M640.99M548.39M603M550.49M578.3M540.3M509.8M466.9M376.5M
Depreciation Depletion Amortization----------
Non Operating Income3.5M4.2M1.1M1.1M2.2M2.4M2.3M2.2M2.4M18M
Interest Expense111.1M56M53.3M49.7M53.3M54.6M51.2M49.3M52.8M56.7M
McCormick Pretax Income
594.8M589.2M496.2M554.4M499.4M526.1M491.4M462.7M416.5M337.8M
Provision for Income Taxes151.3M153M131.3M145.9M133.6M139.8M142.6M118M133M100.6M
MinorityInterest-33.9M-36.1M-36.7M-29.4M-23.2M-21.5M-25.4M-25.5M-16.3M-18.6M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations443.5M436.2M364.9M408.5M365.8M386.3M348.8M344.7M283.5M237.2M
Extraordinary Items & Discontinued Operations----------
McCormick Profit/ Loss (Net Income)
477.4M472.3M401.6M437.9M389M407.8M374.2M370.2M299.8M255.8M
Average Shares used to compute Diluted EPS128.4M128M129.2M131M133.6M134.3M134.3M134.7M132.3M131.8M
Average Shares used to compute Basic EPS126.8M126.6M128M129.9M132.1M132.7M132.7M132.9M130.8M129.1M
Income Before Nonrecurring Items546.7M483.4M449.5M441.6M418.2M407.8M380.85M356.3M310.7M281.9M
Income from Nonrecurring Items-69.3M-11.1M-47.9M-3.7M-29.2M--6.65M13.9M-10.9M-26.1M
McCormick Earnings Per Share Basic Net
3.773.733.143.372.943.072.822.792.291.98
McCormick Earnings Per Share Diluted Net
3.723.693.113.342.913.042.792.752.271.94
EPS Diluted Before Nonrecurring Items4.263.783.483.373.133.042.842.652.352.14
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common1.881.721.601.481.361.241.121.040.960.88
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing McCormick stock analysis are:

  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth - See: McCormick revenue chart implies that the company is growing. It has been the case with McCormick. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. MKC stock had a healthy bottom line growth.

The income statement is also called the profit and loss statement. Apart from the MKC income statement, one can check the McCormick historical stock prices to check how the price has moved with time.

McCormick Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
17.23
PS Ratio (price sales ratio)
2.76
Operating Margin
14.8
Net Profit Margin
34.2
Dividend Yield
1.82%