McCormick & Company Incorporated (MKC)
Net profit margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 788,500 | 680,600 | 682,000 | 755,300 | 747,400 |
| Revenue | US$ in thousands | 6,723,700 | 6,662,200 | 6,350,500 | 6,317,900 | 5,601,300 |
| Net profit margin | 11.73% | 10.22% | 10.74% | 11.95% | 13.34% |
November 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $788,500K ÷ $6,723,700K
= 11.73%
Based on the provided data, the net profit margin of McCormick & Company Incorporated has experienced fluctuations over the past five years, ranging from 10.22% to 13.34%. In November 30, 2020, the net profit margin was 13.34%, indicating that the company generated $0.1334 in net profit for every dollar of revenue.
However, by November 30, 2023, the net profit margin decreased to 10.22%, reflecting a decline in profitability efficiency. This decline could be the result of various factors such as increased expenses relative to revenue or pricing pressures in the industry.
It is worth noting that there was a slight improvement in the net profit margin by November 30, 2024, as it rose to 11.73%. This improvement suggests that the company may have taken steps to enhance its profitability, such as cost-cutting measures or revenue optimization initiatives.
Overall, the decreasing trend in the net profit margin over the years highlights the importance for McCormick & Company to closely monitor its expenses and revenue generation strategies to sustain and potentially improve its profitability in the future.