McCormick & Company Incorporated (MKC)
Net profit margin
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 680,600 | 682,000 | 755,300 | 747,400 | 702,700 |
| Revenue | US$ in thousands | 6,662,200 | 6,350,500 | 6,317,900 | 5,601,300 | 5,347,400 |
| Net profit margin | 10.22% | 10.74% | 11.95% | 13.34% | 13.14% |
November 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $680,600K ÷ $6,662,200K
= 10.22%
The net profit margin of McCormick & Co., Inc. has exhibited a declining trend over the past five years, decreasing from 13.14% in November 2019 to 10.22% in November 2023. This indicates that the company's profitability, as a percentage of its revenue, has moderately weakened. A declining net profit margin could be influenced by various factors such as increasing costs, pricing pressures, or inefficiencies in operations. It is important for the company to closely monitor and address these factors in order to maintain and improve its profitability.