McCormick & Company Incorporated (MKC)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 788,500 | 792,600 | 739,600 | 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 |
| 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 |
| Net profit margin | 11.73% | 11.87% | 11.07% | 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% |
November 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $788,500K ÷ $6,723,700K
= 11.73%
The net profit margin of McCormick & Company Incorporated has shown a general trend of gradual decline over the analyzed period. Starting at 13.13% in February 2020, the net profit margin peaked at 13.75% in August 2020 before starting a slow decline. By November 2021, the net profit margin had decreased to 11.95%, and it continued to fall to 9.80% by August 2023. However, there was a slight improvement in the net profit margin by November 2024, standing at 11.73%.
It is important to monitor this trend closely as a declining net profit margin can indicate challenges in controlling costs or maintaining profitability. Management should focus on implementing strategies to improve efficiency, cost control, and revenue generation to stabilize and potentially increase the net profit margin in the future.