McCormick & Company Incorporated (MKC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,060,300 | 1,051,300 | 1,009,800 | 997,500 | 963,000 | 930,100 | 920,300 | 855,700 | 863,600 | 875,500 | 905,500 | 985,700 | 1,015,100 | 1,013,800 | 1,021,600 | 1,041,600 | 999,500 | 1,023,800 | 1,004,300 | 955,000 |
| 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 |
| Operating profit margin | 15.77% | 15.74% | 15.11% | 14.89% | 14.45% | 14.08% | 14.12% | 13.38% | 13.60% | 13.71% | 14.28% | 15.50% | 16.07% | 16.50% | 16.95% | 17.74% | 17.84% | 18.52% | 18.51% | 17.92% |
November 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,060,300K ÷ $6,723,700K
= 15.77%
McCormick & Company Incorporated's operating profit margin has shown some fluctuations over the past few years, starting at 17.92% on February 29, 2020, and reaching a peak of 18.52% on August 31, 2020. However, since then, the operating profit margin has been on a slight decline, with figures ranging from 13.60% on November 30, 2022, to a recent uptick to 15.77% on November 30, 2024.
Overall, the trend indicates a general decrease in the operating profit margin from mid-2020 to late 2022, followed by a modest recovery towards the end of 2024. It is essential for McCormick & Company to closely monitor and manage its operating expenses and revenue generation to maintain a healthy operating profit margin and ensure sustainable profitability in the long term.