McCormick & Company Incorporated (MKC)
Pretax margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 972,500 | 855,100 | 850,600 | 948,000 | 922,300 |
| Revenue | US$ in thousands | 6,723,700 | 6,662,200 | 6,350,500 | 6,317,900 | 5,601,300 |
| Pretax margin | 14.46% | 12.84% | 13.39% | 15.00% | 16.47% |
November 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $972,500K ÷ $6,723,700K
= 14.46%
The pretax margin of McCormick & Company Incorporated has exhibited a gradual decline over the period from November 30, 2020, to November 30, 2024. Starting at 16.47% in 2020, it decreased to 15.00% in 2021, followed by further declines to 13.39% in 2022 and 12.84% in 2023. However, there was a subsequent improvement to 14.46% in 2024. This fluctuation in the pretax margin indicates potential changes in the company's efficiency in generating profits before accounting for taxes. Further analysis of the underlying factors contributing to these fluctuations is recommended to assess the company's financial health and operational performance effectively.