MEDIUMOutside partyCustomer
49%
top three Flavor Solutions customers
“10-K Item 1: 'the top three customers in our Flavor Solutions segment represented 49% of our global Flavor Solutions sales'”
MKC-V · Concentration risk · 10-K extracted
McCormick & Company, Incorporat (MKC-V) concentration risks
Updated
The most significant concentration McCormick & Company, Incorporat discloses is top three Flavor Solutions customers at 49%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: McCormick & Company, Incorporat’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM1
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
12%
Wal-Mart Stores, Inc.
“10-K Item 1: 'Sales to one of our Consumer segment customers, Wal-Mart Stores, Inc., accounted for consolidated sales of approximately 12% in 2025'”
LOWOutside partyCustomer
12%
PepsiCo, Inc.
“10-K Item 1: 'Sales to one of our Flavor Solutions segment customers, PepsiCo, Inc., accounted for consolidated sales of approximately 12% in 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile spans two customer dependencies of different character: a moderate segment-level exposure in Flavor Solutions and two contained individual names across both segments. The top three customers in the Flavor Solutions segment represented 49% of global Flavor Solutions sales — a medium disclosed share with a dependency character, reflecting reliance on a small number of large food and beverage manufacturers for a meaningful slice of that segment's volume. A shift in sourcing strategy or formulation at any of those accounts could have a visible impact on Flavor Solutions revenue. At the individual name level, sales to Wal-Mart Stores, Inc. accounted for approximately 12% of consolidated sales in 2025 — a low individual share by disclosed size, reflecting a Consumer segment retail dependency. Separately, sales to PepsiCo, Inc. accounted for approximately 12% of consolidated sales in 2025 — a similarly low disclosed share, but in the Flavor Solutions segment and therefore with a different character: this is an ingredient supply relationship with a single large food and beverage customer rather than a retail shelf relationship. Together, the two individual relationships each sit at a low disclosed share, but span different segments and route-to-market models. The Flavor Solutions three-customer concentration is the more concentrated disclosed exposure on a segment basis, while neither Wal-Mart nor PepsiCo individually represents a dominant share of total consolidated sales. The profile is moderately complex but well-disclosed across its dimensions.
For the engine’s reasoning on MKC-V’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Packaged Foods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CENT | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CENTA | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CPB | The Campbell's Company | 1 | 1 | 1 | 3 |
| MKC-V● | McCormick & Company, Incorporat | 0 | 1 | 2 | 3 |
| CAG | ConAgra Brands, Inc. | 0 | 1 | 0 | 1 |
| BRBR | BellRing Brands, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.