McCormick & Company Incorporated (MKC)
Gross profit margin
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,591,000 | 2,570,100 | 2,543,000 | 2,538,900 | 2,502,500 | 2,425,600 | 2,369,500 | 2,277,000 | 2,274,500 | 2,353,000 | 2,385,900 | 2,477,500 | 2,494,600 | 2,452,400 | 2,443,100 | 2,408,000 | 2,300,400 | 2,269,700 | 2,219,300 | 2,148,300 |
| Revenue (ttm) | US$ in thousands | 6,723,700 | 6,678,500 | 6,683,400 | 6,699,400 | 6,662,200 | 6,605,100 | 6,516,000 | 6,393,600 | 6,350,500 | 6,385,100 | 6,338,900 | 6,358,800 | 6,317,900 | 6,145,500 | 6,026,400 | 5,870,800 | 5,601,300 | 5,528,200 | 5,427,100 | 5,327,900 |
| Gross profit margin | 38.54% | 38.48% | 38.05% | 37.90% | 37.56% | 36.72% | 36.36% | 35.61% | 35.82% | 36.85% | 37.64% | 38.96% | 39.48% | 39.91% | 40.54% | 41.02% | 41.07% | 41.06% | 40.89% | 40.32% |
November 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,591,000K ÷ $6,723,700K
= 38.54%
The gross profit margin of McCormick & Company Incorporated has shown fluctuations over the past few years. It started at 40.32% on February 29, 2020, and experienced slight increases up to November 30, 2020, reaching 41.07%. There was a minor decline to 41.02% by February 28, 2021, followed by a more noticeable decrease to 39.91% by August 31, 2021.
The trend continued downwards with the gross profit margin dropping to 37.64% by May 31, 2022, and hitting a low of 35.82% by November 30, 2022. Subsequently, there was a modest recovery with the margin improving to 38.05% by May 31, 2024, and reaching 38.54% by November 30, 2024.
Overall, although there have been fluctuations, the gross profit margin has shown resilience and the company has managed to maintain a margin above 35% in the most recent periods. The management should continue monitoring cost structures and pricing strategies to ensure sustained profitability in the future.