How Does McCormick Stock Compare With Peers?
McCormick (MKC) stock has faced headwinds over the past year, but how does it truly stack up against food industry peers navigating evolving consumer tastes? As of 1/22/2026, a closer look reveals strong profitability (highest operating and FCF margins) and unique positive LTM revenue growth among its traditional peers. However, its higher PE ratio and the broader packaged food sector’s challenges, including higher costs and slowing consumer spending, suggest moderate valuation support and limited near-term upside.
- MKC’s 16.0% operating margin, highest among peers, signals superior cost control and pricing power.
- MKC’s 1.7% revenue growth, though low, outpaces all peers, indicating relative resilience in a slow market.
- MKC’s stock is down 14.3% in 1 year, underperforming SJM, INGR, at a 20.8 PE, reflecting investor concerns on future growth.
Here’s how McCormick stacks up across size, valuation, and profitability versus key peers.
| MKC | GIS | SJM | CAG | INGR | BYND | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 16.4 | 23.9 | 10.9 | 8.4 | 7.5 | 0.1 |
| Revenue ($ Bil) | 6.8 | 18.8 | 8.8 | 11.2 | 7.3 | 0.3 |
| PE Ratio | 20.8 | 9.4 | -9.1 | -85.4 | 11.3 | -0.3 |
| LTM Revenue Growth | 1.7% | -5.7% | -0.7% | -5.8% | -3.8% | -10.2% |
| LTM Operating Margin | 16.0% | 15.5% | 15.2% | 11.7% | 14.6% | -56.4% |
| LTM FCF Margin | 10.8% | 9.5% | 7.2% | 7.8% | 7.5% | -49.2% |
| 12M Market Return | -14.3% | -21.2% | 4.0% | -26.2% | -12.2% | -76.0% |
For more details on McCormick, read Buy or Sell MKC Stock. Below we compare MKC’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MKC | 1.7% | 1.7% | 0.9% | 4.9% | |
| GIS | -5.7% | -1.9% | -1.2% | 5.8% | |
| SJM | -0.7% | 6.7% | -4.1% | 6.6% | |
| CAG | -5.8% | -3.6% | -1.8% | 6.4% | |
| INGR | -3.8% | – | -8.9% | 2.7% | 15.3% |
| BYND | -10.2% | – | -4.9% | -18.0% | -9.8% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MKC | 16.0% | 16.0% | 15.9% | 15.4% | |
| GIS | 15.5% | 16.9% | 18.5% | 15.2% | |
| SJM | 15.2% | 19.0% | 17.7% | 13.8% | |
| CAG | 11.7% | 12.6% | 15.3% | 14.9% | |
| INGR | 14.6% | – | 13.6% | 11.9% | 9.6% |
| BYND | -56.4% | – | -47.8% | -99.8% | -77.7% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MKC | 20.8 | 23.2 | 26.0 | 27.0 | |
| GIS | 9.4 | 11.2 | 14.7 | 14.9 | |
| SJM | -9.1 | -8.5 | 15.4 | -147.0 | |
| CAG | -85.4 | 7.2 | 38.3 | 20.1 | |
| INGR | 11.3 | – | 11.2 | 14.1 | 14.6 |
| BYND | -0.3 | – | -0.3 | -0.7 | -1.5 |
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