McCormick & Company, Incorporat (MKC) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 40.2%
EBITDA Margin: 18.1%
Op. Margin: 14.3%
Net Margin: 7.8%

Op. margin of 14.3% is down 0.5% YoY — costs are rising relative to revenue. Net margin at 7.8% and gross margin of 40.2% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit