McCormick & Company Incorporated
McCormick & Company, Incorporated manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's,… Read more
McCormick & Company Incorporated (MKC) - Net Assets
Latest net assets as of November 2025: $5.77 Billion USD
Based on the latest financial reports, McCormick & Company Incorporated (MKC) has net assets worth $5.77 Billion USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.20 Billion) and total liabilities ($7.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.77 Billion |
| % of Total Assets | 43.7% |
| Annual Growth Rate | 8.05% |
| 5-Year Change | 30.34% |
| 10-Year Change | 252.12% |
| Growth Volatility | 13.35 |
McCormick & Company Incorporated - Net Assets Trend (1985–2025)
This chart illustrates how McCormick & Company Incorporated's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for McCormick & Company Incorporated (1985–2025)
The table below shows the annual net assets of McCormick & Company Incorporated from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $5.77 Billion | +8.49% |
| 2024-11-30 | $5.32 Billion | +4.59% |
| 2023-11-30 | $5.08 Billion | +8.18% |
| 2022-11-30 | $4.70 Billion | +6.18% |
| 2021-11-30 | $4.43 Billion | +12.32% |
| 2020-11-30 | $3.94 Billion | +13.98% |
| 2019-11-30 | $3.46 Billion | +8.63% |
| 2018-11-30 | $3.18 Billion | +23.78% |
| 2017-11-30 | $2.57 Billion | +56.94% |
| 2016-11-30 | $1.64 Billion | -2.89% |
| 2015-11-30 | $1.69 Billion | -6.77% |
| 2014-11-30 | $1.81 Billion | -7.10% |
| 2013-11-30 | $1.95 Billion | +14.56% |
| 2012-11-30 | $1.70 Billion | +5.05% |
| 2011-11-30 | $1.62 Billion | +10.65% |
| 2010-11-30 | $1.46 Billion | +8.87% |
| 2009-11-30 | $1.34 Billion | +27.31% |
| 2008-11-30 | $1.06 Billion | -2.75% |
| 2007-11-30 | $1.09 Billion | +15.82% |
| 2006-11-30 | $936.90 Million | +13.00% |
| 2005-11-30 | $829.10 Million | -9.95% |
| 2004-11-30 | $920.71 Million | +18.43% |
| 2003-11-30 | $777.42 Million | +31.25% |
| 2002-11-30 | $592.30 Million | +27.90% |
| 2001-11-30 | $463.10 Million | +28.89% |
| 2000-11-30 | $359.30 Million | -6.04% |
| 1999-11-30 | $382.40 Million | -1.47% |
| 1998-11-30 | $388.10 Million | -1.27% |
| 1997-11-30 | $393.10 Million | -12.64% |
| 1996-11-30 | $450.00 Million | -13.34% |
| 1995-11-30 | $519.30 Million | +5.98% |
| 1994-11-30 | $490.00 Million | +4.97% |
| 1993-11-30 | $466.80 Million | +6.60% |
| 1992-11-30 | $437.90 Million | +12.51% |
| 1991-11-30 | $389.20 Million | +6.81% |
| 1990-11-30 | $364.40 Million | +5.26% |
| 1989-11-30 | $346.20 Million | +17.76% |
| 1988-11-30 | $294.00 Million | +4.89% |
| 1987-11-30 | $280.30 Million | +3.32% |
| 1986-11-30 | $271.30 Million | +3.99% |
| 1985-11-30 | $260.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to McCormick & Company Incorporated's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1652.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.82 Billion | 66.53% |
| Common Stock | $582.40 Million | 10.15% |
| Other Comprehensive Income | $-363.10 Million | -6.33% |
| Other Components | $1.70 Billion | 29.65% |
| Total Equity | $5.74 Billion | 100.00% |
McCormick & Company Incorporated Competitors by Market Cap
The table below lists competitors of McCormick & Company Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Julius Bär Gruppe AG
XETRA:JGE
|
$15.28 Billion |
|
CDW Corp
NASDAQ:CDW
|
$15.31 Billion |
|
Asahi Group Holdings Ltd
PINK:ASBRF
|
$15.32 Billion |
|
CF Industries Holdings Inc
NYSE:CF
|
$15.33 Billion |
|
ARM Holdings
LSE:0ADF
|
$15.26 Billion |
|
Itaúsa - Investimentos Itaú SA
SA:ITSA3
|
$15.22 Billion |
|
JB Hunt Transport Services Inc
NASDAQ:JBHT
|
$15.21 Billion |
|
MACOM Technology Solutions Holdings Inc
NASDAQ:MTSI
|
$15.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in McCormick & Company Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,291,000,000 to 5,736,500,000, a change of 445,500,000 (8.4%).
- Net income of 789,400,000 contributed positively to equity growth.
- Dividend payments of 483,000,000 reduced retained earnings.
- Share repurchases of 34,800,000 reduced equity.
- Other comprehensive income increased equity by 128,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $789.40 Million | +13.76% |
| Dividends Paid | $483.00 Million | -8.42% |
| Share Repurchases | $34.80 Million | -0.61% |
| Other Comprehensive Income | $128.10 Million | +2.23% |
| Other Changes | $45.80 Million | +0.8% |
| Total Change | $- | 8.42% |
Book Value vs Market Value Analysis
This analysis compares McCormick & Company Incorporated's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.71x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 86.68x to 2.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-11-30 | $0.67 | $57.69 | x |
| 1986-11-30 | $0.70 | $57.69 | x |
| 1987-11-30 | $0.75 | $57.69 | x |
| 1988-11-30 | $0.82 | $57.69 | x |
| 1989-11-30 | $1.04 | $57.69 | x |
| 1990-11-30 | $1.14 | $57.69 | x |
| 1991-11-30 | $1.22 | $57.69 | x |
| 1992-11-30 | $1.36 | $57.69 | x |
| 1993-11-30 | $1.44 | $57.69 | x |
| 1994-11-30 | $1.51 | $57.69 | x |
| 1995-11-30 | $1.60 | $57.69 | x |
| 1996-11-30 | $1.44 | $57.69 | x |
| 1997-11-30 | $1.54 | $57.69 | x |
| 1998-11-30 | $1.32 | $57.69 | x |
| 1999-11-30 | $1.32 | $57.69 | x |
| 2000-11-30 | $1.29 | $57.69 | x |
| 2001-11-30 | $1.65 | $57.69 | x |
| 2002-11-30 | $2.08 | $57.69 | x |
| 2003-11-30 | $2.65 | $57.69 | x |
| 2004-11-30 | $3.15 | $57.69 | x |
| 2005-11-30 | $2.90 | $57.69 | x |
| 2006-11-30 | $3.46 | $57.69 | x |
| 2007-11-30 | $4.08 | $57.69 | x |
| 2008-11-30 | $4.00 | $57.69 | x |
| 2009-11-30 | $5.04 | $57.69 | x |
| 2010-11-30 | $5.40 | $57.69 | x |
| 2011-11-30 | $5.96 | $57.69 | x |
| 2012-11-30 | $6.27 | $57.69 | x |
| 2013-11-30 | $7.23 | $57.69 | x |
| 2014-11-30 | $6.84 | $57.69 | x |
| 2015-11-30 | $6.46 | $57.69 | x |
| 2016-11-30 | $6.35 | $57.69 | x |
| 2017-11-30 | $9.97 | $57.69 | x |
| 2018-11-30 | $11.89 | $57.69 | x |
| 2019-11-30 | $12.84 | $57.69 | x |
| 2020-11-30 | $14.59 | $57.69 | x |
| 2021-11-30 | $16.34 | $57.69 | x |
| 2022-11-30 | $17.32 | $57.69 | x |
| 2023-11-30 | $18.76 | $57.69 | x |
| 2024-11-30 | $19.63 | $57.69 | x |
| 2025-11-30 | $21.30 | $57.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently McCormick & Company Incorporated utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.54%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.30x
- Recent ROE (13.76%) is below the historical average (20.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 10.66% | 3.18% | 1.50x | 2.23x | $1.71 Million |
| 1986 | 10.95% | 3.04% | 1.55x | 2.32x | $2.57 Million |
| 1987 | 10.92% | 2.84% | 1.50x | 2.56x | $2.57 Million |
| 1988 | 12.35% | 3.07% | 1.54x | 2.62x | $6.90 Million |
| 1989 | 15.16% | 4.21% | 1.44x | 2.50x | $17.88 Million |
| 1990 | 19.05% | 5.25% | 1.40x | 2.60x | $32.96 Million |
| 1991 | 20.79% | 5.67% | 1.38x | 2.65x | $41.98 Million |
| 1992 | 21.74% | 6.47% | 1.30x | 2.58x | $51.41 Million |
| 1993 | 15.66% | 4.70% | 1.19x | 2.81x | $26.42 Million |
| 1994 | 12.47% | 3.61% | 1.08x | 3.20x | $12.10 Million |
| 1995 | 18.79% | 5.25% | 1.15x | 3.11x | $45.67 Million |
| 1996 | 9.31% | 2.42% | 1.31x | 2.95x | $-3.10 Million |
| 1997 | 25.03% | 5.46% | 1.43x | 3.20x | $59.09 Million |
| 1998 | 26.75% | 5.52% | 1.49x | 3.24x | $64.99 Million |
| 1999 | 27.01% | 5.15% | 1.69x | 3.11x | $65.06 Million |
| 2000 | 38.27% | 6.73% | 1.23x | 4.62x | $101.57 Million |
| 2001 | 31.66% | 7.56% | 1.09x | 3.83x | $100.29 Million |
| 2002 | 30.36% | 8.79% | 1.06x | 3.26x | $120.57 Million |
| 2003 | 27.91% | 9.29% | 1.06x | 2.84x | $135.28 Million |
| 2004 | 24.11% | 8.49% | 1.07x | 2.66x | $125.53 Million |
| 2005 | 26.87% | 8.29% | 1.14x | 2.84x | $134.91 Million |
| 2006 | 21.67% | 7.44% | 1.06x | 2.75x | $108.87 Million |
| 2007 | 21.21% | 7.89% | 1.05x | 2.57x | $121.59 Million |
| 2008 | 24.24% | 8.05% | 0.99x | 3.05x | $150.27 Million |
| 2009 | 22.46% | 9.39% | 0.94x | 2.54x | $166.34 Million |
| 2010 | 25.47% | 11.09% | 0.98x | 2.35x | $224.83 Million |
| 2011 | 23.36% | 10.12% | 0.90x | 2.55x | $214.03 Million |
| 2012 | 24.23% | 10.16% | 0.96x | 2.48x | $239.51 Million |
| 2013 | 20.13% | 9.43% | 0.93x | 2.30x | $195.75 Million |
| 2014 | 24.43% | 10.32% | 0.96x | 2.46x | $258.68 Million |
| 2015 | 24.05% | 9.35% | 0.96x | 2.68x | $234.58 Million |
| 2016 | 29.04% | 10.71% | 0.95x | 2.85x | $309.64 Million |
| 2017 | 18.65% | 10.09% | 0.46x | 4.06x | $221.41 Million |
| 2018 | 29.44% | 17.60% | 0.52x | 3.23x | $616.31 Million |
| 2019 | 20.40% | 13.14% | 0.52x | 3.01x | $358.28 Million |
| 2020 | 19.04% | 13.34% | 0.46x | 3.08x | $354.79 Million |
| 2021 | 17.12% | 11.95% | 0.49x | 2.93x | $314.20 Million |
| 2022 | 14.57% | 10.74% | 0.48x | 2.80x | $213.95 Million |
| 2023 | 12.33% | 9.37% | 0.52x | 2.54x | $118.13 Million |
| 2024 | 14.90% | 11.73% | 0.51x | 2.47x | $259.40 Million |
| 2025 | 13.76% | 11.54% | 0.52x | 2.30x | $215.75 Million |
Industry Comparison
This section compares McCormick & Company Incorporated's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,039,800,252
- Average return on equity (ROE) among peers: 3.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| McCormick & Company Incorporated (MKC) | $5.77 Billion | 10.66% | 1.29x | $15.28 Billion |
| Above Food Ingredients Inc. Common Stock (ABVE) | $30.90K | -3.31% | 7.66x | $19.19 Million |
| The a2 Milk Company Limited (ACOPF) | $58.63 Million | -3.57% | 0.52x | $3.91 Billion |
| Ayujoy Herbals Ltd (AJOY) | $42.93 Million | 14.90% | 0.00x | $95.99 |
| Alfa S.A.B. de C.V (ALFFF) | $15.00 Billion | -1.41% | 7.20x | $2.16 Billion |
| Amincor Inc (AMNCB) | $-122.34 Million | 0.00% | 0.00x | $2.09K |
| Armanino Foods New (AMNF) | $36.18 Million | 40.37% | 0.46x | $74.02K |
| Amira Nature Foods Ltd (ANFIF) | $241.61 Million | -32.38% | 1.12x | $128.79 |
| AAK AB (publ.) (ARHUF) | $4.36 Billion | 16.77% | 1.30x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $-510.53K | 0.00% | 0.00x | $279.39K |
| ARYZTA AG (ARZTF) | $780.47 Million | 3.84% | 1.64x | $53.13 Million |