Mccormick (MKC) Deferred Taxes (2023 - 2026)
Mccormick's (MKC) quarterly Deferred Taxes came in at -$3.8 million in Q2 2026, down 31.03% on a YoY basis from -$5.5 million in Q2 2025, and up 49.33% quarter-over-quarter from -$7.5 million in Q1 2026.
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Mccormick (MKC) Deferred Taxes (2023 - 2026) Analysis & Trends
Mccormick (MKC) has reported Deferred Taxes for 4 consecutive years, with -$3.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Deferred Taxes fell 31.03% year-over-year to -$3.8 million; the trailing twelve-month figure through May 2026 stood at -$5.7 million (up 60.96% YoY), and the FY2025 full-year result was -$6.5 million, up 78.55% from the prior year.
- Deferred Taxes improved to -$3.8 million in Q2 2026 per MKC's latest filing, 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.
- Historically, Deferred Taxes has averaged -$4.4 million across 4 years, with a median of -$3.8 million in 2025.
- The widest YoY moves for Deferred Taxes: up 197.18% in 2024, down 424.14% in 2024.
- Over 4 years, 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.
- According to Business Quant data, Deferred Taxes over the past three periods registered -$3.8 million, -$7.5 million, and $9.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 28.93 Bn | 26.25 Bn | 2.03 Bn | -1.20 Bn |
| 2 | General Mills | 19.30 Bn | 18.85 Bn | 1.60 Bn | 63.80 Mn |
| 3 | Mccormick | 13.76 Bn | 13.43 Bn | 778.20 Mn | -3.80 Mn |
| 4 | J M Smucker | 12.92 Bn | 12.88 Bn | 979.60 Mn | -400,000.00 |
| 5 | Hormel Foods | 11.47 Bn | 10.60 Bn | 471.52 Mn | -523,000.00 |
| 6 | Chewy | 8.74 Bn | 8.22 Bn | 1.01 Bn | - |
| 7 | Conagra Brands | 7.04 Bn | 6.82 Bn | 704.10 Mn | - |
| 8 | Lamb Weston Holdings | 6.57 Bn | 6.50 Bn | 361.40 Mn | 25.40 Mn |
| 9 | Campbell'S | 6.23 Bn | 5.83 Bn | 650.00 Mn | 41.00 Mn |
| 10 | Post Holdings | 3.62 Bn | 3.36 Bn | 566.30 Mn | -6.50 Mn |
Historic Data
Download Data
Historic 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 |