Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. McCormick's Pre-Tax Income for the
three
months ended in Feb. 2024 was $194 Mil. McCormick's Revenue for the
three
months ended in Feb. 2024 was $1,603 Mil. Therefore, McCormick's pretax margin for the quarter that ended in Feb. 2024 was 12.12%.
The historical rank and industry rank for McCormick's Pretax Margin % or its related term are showing as below:
MKC'
s Pretax Margin % Range Over the Past 10 Years
Min: 11.55 Med: 13.22 Max: 15.74
Current: 12.44
MKC's Pretax Margin % is ranked better than 79.11% of 1857
companies
in the Consumer Packaged Goods industry
Industry Median: 4.23
vs MKC: 12.44
McCormick Pretax Margin % Historical Data
The historical data trend for McCormick's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of McCormick's Pretax Margin %
For the Packaged Foods subindustry, McCormick's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
McCormick's Pretax Margin % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where McCormick's Pretax Margin % falls into.
McCormick Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
McCormick's Pretax Margin for the fiscal year that ended in Nov. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
McCormick (NYSE:MKC) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
McCormick Pretax Margin % Related Terms
Thank you for viewing the detailed overview of McCormick's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and the Cholula brand.
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