McCORMICK & COMPANY, INCORPORATED
$18.04B- Market cap
- $14.01B
- Debt
- +$4.12B
- Cash
- −$95.90M
Capital structure 77% equity / 23% debt · EV / Revenue 2.64x · EV / EBITDA 11.30x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: MKC stock price at discount vs VEEV $52.10 current versus $148.19 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at VEEV's multiple
Implied fair value · at MKC's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MKC FY 2025 (ended Nov 30, 2025) · VEEV FY 2026 (ended Jan 31, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 77% equity / 23% debt · EV / Revenue 2.64x · EV / EBITDA 11.30x
Capital structure 100% equity / 0% debt · EV / Revenue 13.53x · EV / EBITDA 35.41x
VEEV carries the larger enterprise value at $43.23B against $18.04B; MKC trades on the lower EV / Revenue multiple (2.64x vs 13.53x); MKC on the lower EV / EBITDA (11.30x vs 35.41x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
McCORMICK & COMPANY, INCORPORATED · implied price per share
Bear
$19.17
Base
$25.77
Bull
$34.68
Veeva Systems Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.72x
0.02x
Net debt / EBITDA
Leverage against operating earnings
2.52x
-1.08x
Cash and equivalents
Liquid reserves on the balance sheet
$95.90M
$1.42B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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