Flagship explainer

What drives McCORMICK & COMPANY, INCORPORATED’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity14%Tax burden86%net income ÷ pretax incomeInterest burden85%pretax ÷ operating incomeOperating margin16%operating income ÷ revenueAsset turnover0.52×revenue ÷ average assetsEquity multiplier2.38×average assets ÷ average equityAs of 2025-11-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$789MFY2025
Income before tax$913MFY2025
Operating income$1.1BFY2025
$6.8BFY2025
Ending assets$13.2BFY2025
Beginning assets$13.1BFY2024
$5.7BFY2025
$5.3BFY2024
Source: · event Nov 30, 2025 · retrieved Jul 26, 2026 · annual-row source set
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MKC dupont explainer — Buy Like Buffett · Buy Like Buffett