Q4 25 EPS
$0.86
MISS 1.15%
Est. $0.87
Q4 25 Revenue
$1.85B
BEAT +0.26%
Est. $1.85B
vs S&P Since Q4 25
-22.3%
TRAILING MARKET
MKC -17.8% vs S&P +4.6%
Full Year 2025 Results
FY 25 EPS
$3.00
MISS 0.54%
Est. $3.02
FY 25 Revenue
$6.84B
BEAT +0.07%
Est. $6.84B
Market Reaction
Did MKC Beat Earnings? Q4 2025 Results
McCormick delivered a mixed fourth quarter for fiscal 2025, narrowly missing on the bottom line while holding its own on the top line amid persistent cost headwinds. The spice and flavoring giant posted adjusted EPS of $0.86, falling just short of th… Read more McCormick delivered a mixed fourth quarter for fiscal 2025, narrowly missing on the bottom line while holding its own on the top line amid persistent cost headwinds. The spice and flavoring giant posted adjusted EPS of $0.86, falling just short of the $0.87 consensus estimate, while revenue of $1.85 billion edged fractionally above expectations and rose 2.9% year over year. The key drag was gross margin, which contracted 130 basis points to 38.9% as higher commodity costs and tariff pressures overwhelmed savings from McCormick's Comprehensive Continuous Improvement program, even as disciplined SG&A management helped cushion the blow. Consumer segment strength, with net sales climbing 3.9% to $1.13 billion, was the clearest bright spot, supported by volume gains and strategic pricing. Short interest in McCormick's shares has since fallen sharply, suggesting some investors see the margin pressure as transitory. Looking ahead, the company projects fiscal 2026 adjusted EPS of $3.05 to $3.13, with reported net sales growth of 13% to 17% largely driven by the consolidation of McCormick de Mexico.
Key Takeaways
- • Volume-led organic growth with share gains across Consumer segment
- • Tariff and inflation-related pricing actions contributing to revenue growth
- • Comprehensive Continuous Improvement (CCI) program driving cost savings and SG&A reductions
- • Lower employee-related benefit expenses reducing SG&A
- • Lower interest expense contributing to EPS growth
- • Sustained brand marketing investments supporting volume trends
- • Expanded distribution and innovation across the portfolio
MKC YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
MKC Revenue by Segment
With YoY comparisons, source: SEC Filings
“McCormick's performance in 2025 demonstrated the strength and resilience of our business. We achieved differentiated, volume-led organic growth and share gains powered by continued investment in our brands, expanded distribution, and innovation across our portfolio. Despite inflationary pressures and rising costs from a shifting global trade environment, we achieved operating profit growth and operating margin expansion while continuing to invest for future growth. Additionally, we generated strong cash flow, strengthened our balance sheet, and advanced our flavor leadership through the McCormick de Mexico transaction.”
— Brendan M. Foley, Q4 2025 Earnings Press Release
MKC Earnings Trends
MKC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MKC EPS Trend
Earnings per share: estimate vs actual
MKC Revenue Trend
Quarterly revenue: estimate vs actual
MKC Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 | — | $0.66 | — | $1.87B | +4.77% |
| Q4 25 MISS FY | $0.87 | $0.86 | -1.15% | $1.85B | +0.26% |
| FY Full Year | $3.02 | $3.00 | -0.54% | $6.84B | +0.07% |
| Q3 25 BEAT | $0.82 | $0.85 | +4.15% | $1.72B | +0.75% |
| Q2 25 BEAT | $0.65 | $0.69 | +5.70% | $1.66B | -0.11% |
| Q1 25 MISS | $0.64 | $0.60 | -6.85% | $1.61B | -0.53% |