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GuruFocus has detected 4 Warning Signs with McCormick & Co Inc \$MKC.
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McCormick & Co Inc (NYSE:MKC)
Pre-Tax Income
\$589 Mil (TTM As of Nov. 2016)

Pretax income is the income that a company earns before paying income taxes. McCormick & Co Inc's pretax income for the three months ended in Nov. 2016 was \$207 Mil. Its pretax income for the trailing twelve months (TTM) ended in Nov. 2016 was \$589 Mil. McCormick & Co Inc's pretax margin was 16.87%.

During the past 13 years, McCormick & Co Inc's highest Pretax Margin was 13.87%. The lowest was 10.37%. And the median was 13.06%.

Definition

This is the income that a company earns before paying income taxes.

McCormick & Co Inc's Pretax Income for the fiscal year that ended in Nov. 2016 is calculated as

 Pretax Income = Operating Income + Non-Recurring Items + Interest Expense + Interest Income + Other = 641 + 4.2 + -56 + 0 + 0 = 589

McCormick & Co Inc's Pretax Income for the quarter that ended in Nov. 2016 is calculated as

 Pretax Income = Operating Income + Non-Recurring Items + Interest Expense + Interest Income + Other = 219.1 + 2.2 + -14.3 + 0 + 2.84217094304E-14 = 207

McCormick & Co Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Nov. 2016 was 116.3 (Feb. 2016 ) + 112 (May. 2016 ) + 153.9 (Aug. 2016 ) + 207 (Nov. 2016 ) = \$589 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

McCormick & Co Inc's Pretax Margin for the quarter that ended in Nov. 2016 is calculated as

 Pretax Margin = Pretax Income / Revenue = 207 / 1227 = 16.87%

During the past 13 years, McCormick & Co Inc's highest Pretax Margin was 13.87%. The lowest was 10.37%. And the median was 13.06%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

McCormick & Co Inc Annual Data

 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Pretax Income 302 338 417 463 491 526 499 554 496 589

McCormick & Co Inc Quarterly Data

 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Pretax Income 145 187 81 91 125 199 116 112 154 207
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