McCormick & Company Incorporated (MKC)
Operating profit margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,060,300 | 963,000 | 863,600 | 1,015,100 | 999,500 |
| Revenue | US$ in thousands | 6,723,700 | 6,662,200 | 6,350,500 | 6,317,900 | 5,601,300 |
| Operating profit margin | 15.77% | 14.45% | 13.60% | 16.07% | 17.84% |
November 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,060,300K ÷ $6,723,700K
= 15.77%
The operating profit margin of McCormick & Company Incorporated has fluctuated over the past five years. In November 2020, the company's operating profit margin stood at 17.84%, indicating that for every dollar of sales, the company generated approximately $0.18 in operating profit. In the subsequent year, the margin decreased to 16.07%, signaling a slight decrease in operational efficiency.
However, in the following years, there were further declines in the operating profit margin. By November 2022, the margin had dropped to 13.60%, reflecting decreased profitability relative to sales. The trend reversed slightly in November 2023, with the margin improving to 14.45%, suggesting a potential turnaround in operational performance.
Finally, by November 2024, the operating profit margin had increased to 15.77%, indicating a positive trajectory towards better profitability compared to the previous year. Overall, the fluctuations in the operating profit margin of McCormick & Company Incorporated highlight the company's varying levels of operational efficiency and profitability over the analyzed period.