McCormick & Company, Incorporated (MKC) FCF Payout Ratio: 58.71%
Is McCormick & Company, Incorporated’s FCF payout ratio high or low?
McCormick & Company, Incorporated's FCF payout ratio of 58.71% is in line with its 5-year average of 64.38%, near the low end of its 5-year range (40.45%–101.85%).
The FCF payout ratio for McCormick & Company, Incorporated (MKC) is 58.71%. It is below its 12-month average by 12.98% (67.47%).
MKC FCF Payout Ratio Chart
MKC Average FCF Payout Ratio Chart
MKC Current vs Average FCF Payout Ratio Chart
MKC FCF Payout Ratio Metrics
FCF PAYOUT RATIO
58.71%
FCF PAYOUT RATIO AVG TTM
67.47%
FCF PAYOUT RATIO AVG 3Y
69.95%
FCF PAYOUT RATIO AVG 5Y
64.38%
FCF PAYOUT RATIO AVG 10Y
53.85%
FCF PAYOUT RATIO AVG 15Y
53.04%
FCF PAYOUT RATIO AVG 20Y
51.49%
CURRENT VS TTM AVG
-12.98%
CURRENT VS 3Y AVG
-16.06%
CURRENT VS 5Y AVG
-8.80%
CURRENT VS 10Y AVG
+9.02%
CURRENT VS 15Y AVG
+10.69%
CURRENT VS 20Y AVG
+14.02%
Payout Ratio Comparison
FCF Payout Ratio
58.7%
Earnings Payout Ratio
63.3%
Dividend Yield
3.77%
FCF Yield
6.41%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $740.40M | $483.00M | 65.2% |
| 2024 | $647.00M | $451.00M | 69.7% |
| 2023 | $973.40M | $418.50M | 43.0% |
| 2022 | $389.50M | $396.70M | 101.8% |
| 2021 | $550.30M | $363.30M | 66.0% |
| 2020 | $816.00M | $330.10M | 40.5% |
| 2019 | $773.10M | $302.20M | 39.1% |
| 2018 | $652.10M | $273.40M | 41.9% |
| 2017 | $632.90M | $237.60M | 37.5% |
| 2016 | $504.30M | $217.80M | 43.2% |
| 2015 | $461.60M | $204.90M | 44.4% |
| 2014 | $370.90M | $192.40M | 51.9% |
| 2013 | $365.30M | $179.90M | 49.2% |
| 2012 | $344.70M | $164.70M | 47.8% |
| 2011 | $243.30M | $148.50M | 61.0% |
| 2010 | $298.50M | $138.20M | 46.3% |
| 2009 | $333.40M | $125.40M | 37.6% |
| 2008 | $228.80M | $113.50M | 49.6% |
| 2007 | $146.00M | $103.60M | 71.0% |
| 2006 | $226.00M | $95.00M | 42.0% |
| 2005 | $265.40M | $86.20M | 32.5% |
| 2004 | $279.70M | $76.90M | 27.5% |
| 2003 | $99.20M | $64.10M | 64.6% |
| 2002 | $113.00M | $58.60M | 51.9% |
| 2001 | $92.40M | $55.10M | 59.6% |
| 2000 | $148.40M | $52.30M | 35.2% |
| 1999 | $180.00M | $48.70M | 27.1% |
| 1998 | $80.30M | $46.90M | 58.4% |
| 1997 | $137.30M | $45.50M | 33.1% |
| 1996 | $127.00M | $45.30M | 35.7% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
McCormick & Company, Incorporated FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
McCormick & Company, Incorporated FCF Payout Ratio FAQ
- What is the FCF payout ratio for McCormick & Company, Incorporated (MKC)?
- The FCF payout ratio for MKC stock is 58.71%.
- Is McCormick & Company, Incorporated's FCF payout ratio high or low?
- McCormick & Company, Incorporated's FCF payout ratio of 58.71% is in line with its 5-year average of 64.38%, near the low end of its 5-year range (40.45%–101.85%).
- What is the TTM average FCF payout ratio for McCormick & Company, Incorporated (MKC)?
- The TTM average FCF payout ratio for MKC stock is 67.47%.
- What is the 3Y average FCF payout ratio for McCormick & Company, Incorporated (MKC)?
- The 3Y average FCF payout ratio for MKC stock is 69.95%.
- What is the 5Y average FCF payout ratio for McCormick & Company, Incorporated (MKC)?
- The 5Y average FCF payout ratio for MKC stock is 64.38%.
- What is the 10Y average FCF payout ratio for McCormick & Company, Incorporated (MKC)?
- The 10Y average FCF payout ratio for MKC stock is 53.85%.
- What is the 15Y average FCF payout ratio for McCormick & Company, Incorporated (MKC)?
- The 15Y average FCF payout ratio for MKC stock is 53.04%.
- What is the 20Y average FCF payout ratio for McCormick & Company, Incorporated (MKC)?
- The 20Y average FCF payout ratio for MKC stock is 51.49%.
McCormick & Company, Incorporated FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-11-30 | 65.24% |
| 2024-11-30 | 69.71% |
| 2023-11-30 | 42.99% |
| 2022-11-30 | 101.85% |
| 2021-11-30 | 66.02% |
| 2020-11-30 | 40.45% |
| 2019-11-30 | 39.09% |
| 2018-11-30 | 41.93% |
| 2017-11-30 | 37.54% |
| 2016-11-30 | 43.19% |
| 2015-11-30 | 44.39% |
| 2014-11-30 | 51.87% |
| 2013-11-30 | 49.25% |
| 2012-11-30 | 47.78% |
| 2011-11-30 | 61.04% |
| 2010-11-30 | 46.30% |
| 2009-11-30 | 37.61% |
| 2008-11-30 | 49.61% |
| 2007-11-30 | 70.96% |
| 2006-11-30 | 42.04% |
| 2005-11-30 | 32.48% |
| 2004-11-30 | 27.49% |
| 2003-11-30 | 64.62% |
| 2002-11-30 | 51.86% |
| 2001-11-30 | 59.63% |
| 2000-11-30 | 35.24% |
| 1999-11-30 | 27.06% |
| 1998-11-30 | 58.41% |
| 1997-11-30 | 33.14% |
| 1996-11-30 | 35.67% |
About McCormick & Company, Incorporated
McCormick & Company, Incorporated is a global leader in the manufacture, marketing, and distribution of a wide array of flavorful products, including spices, seasoning mixes, and condiments, to the food industry. Its operations are divided into two primary segments: Consumer and Flavor Solutions. The Consumer segment provides an extensive range of items such as spices, herbs, seasonings, sauces, and desserts. These are sold under numerous prominent brands across various regions: McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY in the Americas; Ducros, Schwartz, Kamis, Drogheria & Alimentari, and Vahiné throughout Europe, the Middle East, and Africa (EMEA); McCormick and DaQiao in China; and McCormick, Aeroplane, and Gourmet Garden in Australia. In addition, it offers specialized regional and ethnic brands like Zatarain's, Stubb's, Thai Kitchen, and Simply Asia, and also produces goods for private labels. Its customer base encompasses a broad spectrum of retailers, including grocery stores, mass merchandisers, warehouse clubs, discount and drug stores, and e-commerce platforms. Distribution to these outlets occurs both directly and indirectly via distributors and wholesale foodservice providers. The Flavor Solutions segment caters to large-scale food manufacturers and the wider foodservice industry. It supplies essential ingredients such as seasoning blends, spices, herbs, condiments, coating systems, and complex flavor formulations. These products are delivered directly to clients or through a network of distributors. Founded in 1889, the company maintains its headquarters in Hunt Valley, Maryland.
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
- CEO
- Brendan Foley