McCormick & Company, Incorporated
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. McCormick & Company, Incorporated's past years’ income statements indicate that its last revenue has increased compared to the previous period by 5% to $6,662,200,000. Profit margin reached 10%. Total operating expenses were $1,539,500,000.
Profit Margin
| 2014 | 4.24B | 437.9M | 10.32% |
|---|---|---|---|
| 2015 | 4.29B | 401.6M | 9.35% |
| 2016 | 4.41B | 472.3M | 10.71% |
| 2017 | 4.83B | 477.4M | 9.88% |
| 2018 | 5.30B | 933.4M | 17.6% |
| 2019 | 5.34B | 702.7M | 13.14% |
| 2020 | 5.60B | 747.4M | 13.34% |
| 2021 | 6.31B | 755.3M | 11.95% |
| 2022 | 6.35B | 682M | 10.74% |
| 2023 | 6.66B | 680.6M | 10.22% |
MKC Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 6.66B | 6.35B | 6.31B | 5.60B | 5.34B | 5.30B | 4.83B | 4.41B | 4.29B | 4.24B |
Cost of revenue | 4.15B | 4.07B | 3.82B | 3.30B | 3.20B | 3.21B | 2.82B | 2.57B | 2.55B | 2.51B |
Gross profit | 2.50B | 2.27B | 2.49B | 2.30B | 2.14B | 2.08B | 2.01B | 1.83B | 1.73B | 1.73B |
Operating exp. | ||||||||||
Research and development | 94.9M | 87.5M | 87.3M | 68.6M | 67.3M | 69.4M | 66.09M | 61M | 60.8M | 62M |
Selling and marketing | 247.1M | 240.4M | 237.8M | 230.3M | 214.6M | -270.3M | 172.5M | 343.4M | 336.4M | 326.9M |
Total operating expenses | 1.53B | 1.35B | 1.40B | 1.28B | 1.16B | 1.15B | 1.24B | 1.17B | 1.12B | 1.12B |
Operating income | 963M | 863.6M | 1.01B | 999.5M | 957.7M | 891.1M | 702.4M | 641M | 548.4M | 603M |
Other income (expenses), net | -164.3M | -50.8M | -119.3M | -118M | -138.5M | -14M | -105M | -11.5M | -52.2M | -48.6M |
Income before tax | 798.7M | 812.8M | 895.8M | 881.5M | 819.2M | 741.3M | 594.8M | 589.2M | 496.2M | 554.4M |
Income tax expense | 174.5M | 168.6M | 192.7M | 174.9M | 157.4M | -157.3M | 151.3M | 153M | 131.3M | 145.9M |
Net income | 680.6M | 682M | 755.3M | 747.4M | 702.7M | 933.4M | 477.4M | 472.3M | 401.6M | 437.9M |
Earnings per share | ||||||||||
Basic EPS | 2.54 | 2.54 | 2.83 | 2.8 | 2.65 | 3.55 | 1.88 | 1.87 | 1.57 | 1.69 |
Diluted EPS | 2.52 | 2.52 | 2.8 | 2.78 | 2.62 | 3.5 | 1.86 | 1.84 | 1.55 | 1.67 |
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