Mccormick (MKC) Deferred Taxes (2023 - 2026)
Mccormick's (MKC) quarterly Deferred Taxes came in at -$3.8 million in Q2 2026, down 31.03% YoY from -$5.5 million in Q2 2025, and up 49.33% on a QoQ basis from -$7.5 million in Q1 2026.
Mccormick (MKC) Deferred Taxes (2023 - 2026) Analysis & Trends
Mccormick (MKC) has 4 years of Deferred Taxes data on file, last reported at -$3.8 million in 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 grew to -$3.8 million in Q2 2026, from -$7.5 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $9.3 million in Q4 2025 to a low of -$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.
- The widest YoY moves for Deferred Taxes: up 197.18% in 2024, down 424.14% in 2024.
- Tracing MKC's Deferred Taxes over 4 years: stood at -$7.1 million in 2023, then soared by 197.18% to $6.9 million in 2024, then surged by 34.78% to $9.3 million in 2025, then sank by 140.86% to -$3.8 million in 2026.
- The last three Deferred Taxes figures came in at -$3.8 million (Q2 2026), -$7.5 million (Q1 2026), and $9.3 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | -1.20 Bn |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | 63.80 Mn |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | -3.80 Mn |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | - |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | -7.84 Mn |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | -91.50 Mn |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 91.25 Mn |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | - |
| 10 | Conagra Brands | 7.80 Bn | 7.58 Bn | 704.10 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 |