Mccormick (MKC) Deferred Taxes (2023 - 2026)
Mccormick (MKC) posted Deferred Taxes of -$3.8 million for Q2 2026, up 49.33% on a QoQ basis from -$7.5 million in Q1 2026, and down 31.03% year-over-year from -$5.5 million in Q2 2025.
Mccormick (MKC) Deferred Taxes (2023 - 2026) Analysis & Trends
Mccormick's Deferred Taxes history runs 4 years deep, the most recent figure standing at -$3.8 million for Q2 2026.
- Quarterly Deferred Taxes fell 31.03% year-over-year to -$3.8 million in Q2 2026, while the trailing twelve-month figure through May 2026 was -$5.7 million (up 60.96% YoY) and the FY2025 annual result came in at -$6.5 million, up 78.55% from the prior year.
- Deferred Taxes was -$3.8 million for Q2 2026 at Mccormick, up from -$7.5 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $9.3 million in Q4 2025 and bottomed at -$25.0 million in Q2 2024.
- A 4-year average of -$4.4 million and a median of -$3.8 million in 2025 frame the typical range for Deferred Taxes.
- Peak annual rise in Deferred Taxes reached 197.18% in 2024, while the deepest fall reached 424.14% in 2024.
- Mccormick's Deferred Taxes stood at -$7.1 million in 2023, then surged by 197.18% to $6.9 million in 2024, then jumped by 34.78% to $9.3 million in 2025, then tumbled by 140.86% to -$3.8 million in 2026.
- Business Quant data shows MKC's Deferred Taxes at -$3.8 million in Q2 2026, -$7.5 million in Q1 2026, and $9.3 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn | 29.00 Mn |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn | 63.80 Mn |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn | -7.84 Mn |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn | -3.80 Mn |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - | - |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn | - |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn | 24.79 Mn |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn | - |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn | 25.40 Mn |
| 10 | Pilgrims Pride | 6.64 Bn | 6.11 Bn | 345.49 Mn | -4.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | -3.80 Mn |
| Feb 28, 2026 | -7.50 Mn |
| Nov 30, 2025 | 9.30 Mn |
| Aug 31, 2025 | -3.70 Mn |
| May 31, 2025 | -2.90 Mn |
| Feb 28, 2025 | -9.20 Mn |
| Nov 30, 2024 | 6.90 Mn |
| Aug 31, 2024 | -9.40 Mn |
| May 31, 2024 | -25.00 Mn |
| Feb 29, 2024 | -2.80 Mn |
| Nov 30, 2023 | -7.10 Mn |
| Aug 31, 2023 | 2.90 Mn |