McCormick & Company Incorporated (MKC)
Net profit margin
| 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 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 707,500 | 680,600 | 647,000 | 699,800 | 666,200 | 682,000 | 693,700 | 683,200 | 748,400 | 755,300 | 758,600 | 752,300 | 764,500 | 747,400 | 760,100 | 745,900 | 699,400 | 702,700 | 703,300 | 684,900 |
| Revenue (ttm) | US$ in thousands | 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 | 5,347,400 | 5,330,500 | 5,319,500 |
| Net profit margin | 10.56% | 10.22% | 9.80% | 10.74% | 10.42% | 10.74% | 10.86% | 10.78% | 11.77% | 11.95% | 12.34% | 12.48% | 13.02% | 13.34% | 13.75% | 13.74% | 13.13% | 13.14% | 13.19% | 12.88% |
February 29, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $707,500K ÷ $6,699,400K
= 10.56%
The net profit margin of McCormick & Company Incorporated has shown a relatively stable trend over the past few quarters, ranging from 9.80% to 13.75%. The company's ability to convert revenue into profit has been consistently strong, with margins typically above 10%. The highest net profit margin was observed in the first quarter of 2021 at 13.75%, while the lowest was recorded in the third quarter of 2019 at 9.80%. Overall, McCormick & Company has maintained healthy profitability levels, showcasing its efficient cost management and operational performance.