McCormick & Company is an American multinational food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products to retail outlets, food manufacturers, and foodservice businesses.
| Revenue (TTM) | $7.39B |
| Gross Profit (TTM) | $2.87B |
| EBITDA | $1.45B |
| Operating Margin | 17.40% |
| Return on Equity | 24.70% |
| Return on Assets | 5.14% |
| Revenue/Share (TTM) | $27.48 |
| Book Value | $26.02 |
| Price-to-Book | 1.95 |
| Price-to-Sales (TTM) | 1.88 |
| EV/Revenue | 2.466 |
| EV/EBITDA | 13.10 |
| Quarterly Earnings Growth (YoY) | -14.20% |
| Quarterly Revenue Growth (YoY) | 16.70% |
| Shares Outstanding | $254.06M |
| Float | $265.44M |
| % Insiders | 0.03% |
| % Institutions | 93.90% |
Volatility is currently expanding
Unilever has agreed to protect employment terms of workers in its European and British food business for two years after the planned 2027 completion of its $65 billion merger of the unit with U.S. spice maker McCormick , according to a memo seen by Reuters.
The maker of spices and seasonings said the London listing would come in addition to its current listing on the New York Stock Exchange.
Combined Company to be Organized into Four Commercial Divisions Grounded in Flavor Leadership: Americas Consumer, International Consumer, Global Food Service, and Global Flavor Combined Executive Team to Bring Together Top Global Talent from Both Businesses Combined Company to Reflect Global Presence with Secondary Listing on London Stock Exchange and International Headquarters in the Netherlands HUNT VALLEY, Md., July 23, 2026 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC) ("McCormick"), today announces the planned operating model, Executive Team, and secondary listing location for the company following the closing of its proposed combination with Unilever's Foods business ("Unilever Foods")1, which is expected by mid-2027.
The company's core seasoning business has lost market share over the past few years to cheaper alternatives in the spice aisle. Unilever Foods brands like Hellmann's and Knorr face less competition from store brands.
MKC's outlook rests on resilient flavor demand, pricing discipline and margin gains, while soft volumes and modest organic growth keep investors watching.
MKC's growth story rests on resilient flavor demand, health-focused innovation, cost savings and portfolio moves, but volume execution still needs work.
MKC's sharp pullback and margin recovery make its valuation look appealing, but soft Consumer volumes and modest organic growth keep the case mixed.
The proposed combination with Unilever's food business could triple the business, generate shareholder value, and provide sufficient cash flow to enable balance sheet quality and capital returns.
MKC's Flavor Solutions strength, margin gains and Unilever Foods planning offset softer U.S. consumer spice trends as management targets a volume reset.
McCormick delivered strong Q2 results, with net sales up 16.7%, driven mainly by acquisitions and FX, but organic growth remains tepid. Gross margin expanded 270bps to 40.2%, aided by accretive acquisitions, pricing, mix, and ongoing cost savings from the CCI program. Despite operational improvements and a healthy dividend, MKC's long-term growth outlook is limited, with shares underperforming and organic growth muted.
Tiblio connects your broker and runs your put-and-call-writing strategy for you — on MKC and any ticker you trade — then tracks every position and per-strategy win rate.
