Filing Flows › McCormick (MKC) › Q2 FY26 › vs Q2 FY25
McCormick (MKC) Q2 FY26 vs Q2 FY25 (year over year)
McCormick's revenue rose $277M (+17%) from $1.7B in Q2 FY25 to $1.9B in Q2 FY26. Gross margin 40.2% against 37.5% (+2.7 pts).
McCormick, Q2 FY26: revenue $1.9B (+17% year over year), operating margin 14.3%, net earnings $150M, operating cash flow $380M. The chart draws each line against Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Gross margin | 40.2% | 37.5% | +2.7 pts |
| Operating margin | 14.3% | 14.8% | -0.5 pts |
| Net margin | 7.8% | 10.5% | -2.8 pts |
| Free cash flow margin | 17.4% | -0.1% | +17.6 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $1.9B | $1.7B | $277M | +17% |
| Gross profit | $778M | $623M | $155M | +25% |
| Cost of revenue | $1.2B | $1.0B | $122M | +12% |
| Operating profit | $276M | $246M | $30.6M | +12% |
| Operating expenses | $502M | $377M | $125M | +33% |
| Pre-tax earnings | $224M | $225M | −$1.6M | -0.7% |
| Other expense, net | $52.7M | $20.5M | $32.2M | +157% |
| SG&A | $442M | $364M | $77.6M | +21% |
| Other operating costs | $60.0M | $12.8M | $47.2M | +369% |
| Net earnings | $150M | $175M | −$24.9M | -14% |
| Minority interests | $10.1M | $1.0M | $9.1M | +910% |
| Income tax | $63.5M | $49.3M | $14.2M | +29% |
| Depreciation & amortization | $73.5M | $57.1M | $16.4M | +29% |
| Share-based compensation | $8.6M | $9.6M | −$1.0M | -10% |
| Working capital & other | $148M | −$196M | $343M | — |
| Operating cash flow | $380M | $45.9M | $334M | +727% |
| Free cash flow (OCF − capex) | $337M | −$2.4M | $340M | — |
| Capital expenditures | $42.7M | $48.3M | −$5.6M | -12% |
Questions
How much did McCormick's revenue grow year over year in Q2 FY26?
McCormick's revenue rose $277M (+17%) from $1.7B in Q2 FY25 to $1.9B in Q2 FY26. Gross margin 40.2% against 37.5% (+2.7 pts).