Mccormick (MKC) Operating Margin (2009 - 2026)
Mccormick's (MKC) quarterly Operating Margin came in at 14.27% in Q2 2026, down 54.0% YoY from 31.03% in Q2 2025, and up 17.56% on a QoQ basis from 12.14% in Q1 2026.
Mccormick (MKC) Operating Margin (2009 - 2026) Analysis & Trends
Mccormick (MKC) has 18 years of Operating Margin data on file, last reported at 14.27% in Q2 2026.
- Quarterly Operating Margin fell 54.0% year-over-year to 14.27% in Q2 2026, while the trailing twelve-month figure through May 2026 was 14.94% (down 83.0% YoY) and the FY2025 annual result came in at 15.65%, down 12.0% from the prior year.
- Operating Margin improved to 14.27% in Q2 2026, from 12.14% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 17.06% in Q3 2024 to a low of 10.23% in Q2 2022.
- A 5-year average of 14.63% and a median of 14.56% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 502 bps — and 2023, when it surged 314 bps.
- Tracing MKC's Operating Margin over 5 years: stood at 15.59% in 2022, then gained by 9 bps to 16.96% in 2023, then gained by 0 bps to 17.03% in 2024, then dropped by 1 bps to 16.81% in 2025, then fell by 15 bps to 14.27% in 2026.
- The last three Operating Margin figures came in at 14.27% (Q2 2026), 12.14% (Q1 2026), and 16.81% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | -102.70% |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | -45.40% |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 14.27% |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 2.38% |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 7.30% |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 19.60% |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 32.20% |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 7.84% |
| 10 | Conagra Brands | 7.80 Bn | 7.58 Bn | 704.10 Mn | -57.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 14.27% |
| Feb 28, 2026 | 12.14% |
| Nov 30, 2025 | 16.81% |
| Aug 31, 2025 | 16.74% |
| May 31, 2025 | 14.81% |
| Feb 28, 2025 | 14.03% |
| Nov 30, 2024 | 17.03% |
| Aug 31, 2024 | 17.06% |
| May 31, 2024 | 14.25% |
| Feb 29, 2024 | 14.57% |
| Nov 30, 2023 | 16.96% |
| Aug 31, 2023 | 14.54% |
| May 31, 2023 | 13.37% |
| Feb 28, 2023 | 12.71% |
| Nov 30, 2022 | 15.59% |
| Aug 31, 2022 | 14.74% |
| May 31, 2022 | 10.23% |
| Feb 28, 2022 | 13.59% |
| Nov 30, 2021 | 15.96% |
| Aug 31, 2021 | 17.12% |