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McCormick & Company (MKC) Financial Forecast Calculator

Interactive 5-year forecast and DCF for McCormick & Company. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from McCormick & Company’s most recent SEC filings.

Revenue FY30
$8.77B
from $6.66B
FCF FY30
$954.7M
Margin 10.9%
Enterprise value
$14.45B
2.2× LTM revenue
Equity value
$10.56B
Net debt $3.89B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
5.6%
-10.0%baseline 5.6%40.0%
Gross margin
38.8%
5.0%baseline 38.8%90.0%
Capex % of revenue
4.0%
0.0%baseline 4.0%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the McCormick & Company forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

How does McCormick & Company generate revenue?+

McCormick & Company generates revenue by manufacturing, marketing, and distributing spices, seasoning mixes, condiments, and other flavorful products globally. It operates through two main segments: the Consumer Segment, selling to retail channels, and the Flavor Solutions Segment, supplying food manufacturers and foodservice businesses.

What are the primary revenue drivers for McCormick & Company's business?+

The primary revenue drivers for McCormick & Company include sales from its Consumer Segment to retail channels and its Flavor Solutions Segment to food manufacturers and foodservice businesses. Its global presence across the Americas, EMEA, and APAC, along with its dominant market share in flavour products, also contributes significantly to revenue growth.

What is McCormick & Company's typical capital expenditure as a percentage of revenue?+

McCormick & Company typically allocates 3.5% to 4.5% of its revenue to capital expenditures. This spending is split approximately 60% for maintenance and 40% for growth, focusing on automation, capacity expansion, and ERP system upgrades.

What is the purpose of the financial model for McCormick & Company?+

The financial model for McCormick & Company is designed to project its future cash flows and earnings. This projection helps determine the company's equity valuation and assesses the impact of factors like commodity cost inflation and pricing power on its operating margins.

Can I download an Excel financial model for McCormick & Company?+

Yes, an Excel financial model for McCormick & Company is available for download. This model forecasts the company's financials from FY2026 through FY2030, incorporating key assumptions like revenue growth and operating margins.

How does McCormick & Company manage its working capital given its supply chain needs?+

McCormick & Company manages its working capital tightly, resulting in a low to slightly positive net working capital as a percentage of revenue. Despite this, the company maintains a high Days Inventory Outstanding (80-100 days) to strategically hold agricultural commodities and ensure supply, especially during poor harvest seasons.

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