Question 1

What is McCormick & Company's P/FCF ratio?

Accepted Answer

McCormick & Company (MKC) P/FCF ratio is 12.1× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for McCormick & Company?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For McCormick & Company specifically, the relevant sector benchmark is the current sector median of 16.5×.

Question 5

Is McCormick & Company's P/FCF ratio high or low?

Accepted Answer

McCormick & Company's P/FCF ratio of 12.1× is below its own 5-year average of 33.2× and below the sector median of 16.5×. That places the current reading at the 1th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is McCormick & Company's historical P/FCF ratio range?

Accepted Answer

In the available daily series, McCormick & Company (MKC) P/FCF ratio has ranged from a low of 10.8× in 2026 to a high of 69.7× in 2002. The 5-year average is 33.2× and the 5-year median is 33.3×.

Question 7

What was McCormick & Company's P/FCF ratio in 2025?

Accepted Answer

McCormick & Company (MKC) P/FCF ratio at the end of 2025 was 20.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does McCormick & Company's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$17.8B	$879M	20.3×	-12.2×	Nov 30, 2025
2024	$21B	$647M	32.5×	+14.7×	Nov 30, 2024
2023	$17.4B	$973M	17.9×	-40.8×	Nov 30, 2023
2022	$22.8B	$390M	58.7×	+17.0×	Nov 30, 2022
2021	$22.9B	$550M	41.7×	+11.1×	Nov 30, 2021
2020	$25B	$816M	30.6×	+1.5×	Nov 30, 2020
2019	$22.5B	$773M	29.1×	-1.3×	Nov 30, 2019
2018	$19.8B	$652M	30.4×	+9.2×	Nov 30, 2018
2017	$13.4B	$633M	21.2×	-1.6×	Nov 30, 2017
2016	$11.5B	$504M	22.8×	-1.0×	Nov 30, 2016
2015	$11B	$462M	23.8×	-1.9×	Nov 30, 2015
2014	$9.52B	$371M	25.7×	+0.9×	Nov 30, 2014
2013	$9.05B	$365M	24.8×	-0.1×	Nov 30, 2013
2012	$8.55B	$345M	24.8×	-1.8×	Nov 30, 2012
2011	$6.47B	$243M	26.6×	+7.0×	Nov 30, 2011
2010	$5.85B	$299M	19.6×	+5.5×	Nov 30, 2010
2009	$4.69B	$333M	14.1×	-2.3×	Nov 30, 2009
2008	$3.74B	$229M	16.4×	-17.1×	Nov 30, 2008
2007	$4.88B	$146M	33.4×	+11.1×	Nov 30, 2007
2006	$5.05B	$226M	22.3×	+6.7×	Nov 30, 2006
2005	$4.14B	$265M	15.6×	-1.9×	Nov 30, 2005
2004	$4.9B	$280M	17.5×	-22.6×	Nov 30, 2004
2003	$3.98B	$99.2M	40.2×	+10.8×	Nov 30, 2003
2002	$3.31B	$113M	29.3×	—	Nov 30, 2002


Target (TGT)	18.7×
Tyson Foods (TSN)	18.4×
Colgate-Palmolive (CL)	18.2×
Kenvue (KVUE)	18.1×
Hormel Foods (HRL)	17.1×
Universal Corporation (UVV)	16.5×
Marzetti (MZTI)	15.3×
Kroger (KR)	14.3×
Brown-Forman (BF-B)	13.2×
Performance Food Group (PFGC)	12.9×
Altria Group (MO)	12.8×
Constellation Brands (STZ)	12.8×
Kimberly-Clark (KMB)	12.4×
Dollar Tree (DLTR)	12.0×
General Mills (GIS)	11.1×
Lamb Weston (LW)	10.3×
J. M. Smucker (SJM)	9.0×
Dollar General (DG)	8.7×
Coca-Cola Europacific Partners (CCEP)	8.3×
Archer-Daniels-Midland (ADM)	7.3×
Molson Coors Beverage (TAP)	7.0×
Campbell Soup (CPB)	6.8×
Kraft Heinz (KHC)	6.6×
Conagra Brands (CAG)	6.4×
Albertsons Companies (ACI)	4.4×

P/FCF Ratio for McCormick & Company (MKC) 2002-2026

P/FCF Ratio daily chart for McCormick & Company (MKC)

Historical P/FCF Ratio for McCormick & Company (MKC) from 2002 to 2025

About P/FCF Ratio at McCormick & Company (MKC)

McCormick & Company P/FCF Ratio by Year

McCormick & Company P/FCF Ratio 2025: 20.3×

McCormick & Company P/FCF Ratio 2024: 32.5×

McCormick & Company P/FCF Ratio 2023: 17.9×

McCormick & Company P/FCF Ratio 2022: 58.7×

McCormick & Company P/FCF Ratio 2021: 41.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

McCormick & Company (MKC) Key Financials