McCormick & Company Incorporated (MKC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 957,700 | 950,000 | 926,400 |
| 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 |
| Operating profit margin | 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% | 17.91% | 17.82% | 17.42% |
February 29, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $997,500K ÷ $6,699,400K
= 14.89%
The operating profit margin of McCormick & Company Incorporated has exhibited fluctuations over the past several quarters. From May 2019 to November 2019, the operating profit margin ranged from 17.82% to 18.51%. However, there was a slight decline in the margin to 17.92% in February 2020. Subsequently, the margin experienced some volatility, with fluctuations between 14.08% and 15.50% until May 2021.
From August 2021 to February 2022, there was a noticeable increase in the operating profit margin, reaching a peak of 17.74%. This positive trend continued, and the margin peaked at 18.52% in August 2022. However, since then, there has been a gradual decline in the margin, falling to 14.89% in February 2024.
Overall, the operating profit margin of McCormick & Company Incorporated has shown variability in recent quarters, with a general upswing followed by a subsequent decline. It is important for the company to closely monitor its cost structure and revenue generation to maintain sustainable profitability in the future.