MKC.V vs. PEP: McCormick vs. PepsiCo Stock Comparison

November 11, 2026

How do McCormick (MKC.V) and PepsiCo (PEP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

McCormick (MKC.V) and PepsiCo (PEP) both fall under the Food, Beverage & Tobacco industry group, but MKC.V is classified in Food Products while PEP is classified in Beverages.

Company profile comparison for McCormick (MKC.V) and PepsiCo (PEP)
Profile Item	MKC.V	PEP
Name	McCormick & Company, Incorporated Voting Common Stock	PepsiCo, Inc.
Country/Region	United States	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Food Products	Beverages
GICS Sub-Industry	Packaged Foods & Meats	Soft Drinks & Non-alcoholic Beverages
Market Capitalization	13.12 billion USD	192.61 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	October 7, 2003	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MKC.V

PEP

GSPC

McCormick (MKC.V) vs. PepsiCo (PEP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for McCormick (MKC.V) and PepsiCo (PEP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for McCormick (MKC.V) and PepsiCo (PEP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for McCormick (MKC.V) and PepsiCo (PEP)
Metric	MKC.V	PEP
Total Return (1Y)	-23.37%	4.03%
Total Return (3Y, Annualized)	-6.90%	-1.40%
Total Return (5Y, Annualized)	-7.71%	0.55%

Risk Profile

Drawdown History

MKC.V

PEP

GSPC

McCormick (MKC.V) vs. PepsiCo (PEP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for McCormick (MKC.V) and PepsiCo (PEP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

PepsiCo (PEP) trades around 8.86M shares per day on average, while McCormick (MKC.V) sees only 10.12K — a volume gap that can matter for position sizing, exit liquidity, and order execution.

Risk profile metrics for McCormick (MKC.V) and PepsiCo (PEP)
Metric	MKC.V	PEP
Volatility (1Y, Annualized)	33.74%	21.68%
Beta (5Y)	0.56	0.30
Max Drawdown (5Y)	-52.34%	-30.32%
Avg. Volume (3M)	10.12K	8.86M

Risk-Adjusted Performance

Risk-Return Positioning

MKC.V and PEP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for McCormick (MKC.V) and PepsiCo (PEP)
Metric	MKC.V	PEP
Sharpe Ratio (1Y)	-0.82	-0.01
Sortino Ratio (1Y)	-1.11	-0.02

Profitability

ROE (TTM)

Both companies show strong equity returns, but PepsiCo (PEP) at 52.19% is the standout with ROE above its industry range; McCormick (MKC.V) at 22.62% also sits in the top quartile.

MKC.V

Food, Beverage & Tobacco industry group

22.62%

Max: 32.02%
MKC.V: 22.62%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

PEP

Food, Beverage & Tobacco industry group

52.19%

PEP: 52.19%
Max: 32.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

McCormick (MKC.V) at 19.39% retains a top-quartile share of revenue as profit, ahead of PepsiCo (PEP) at 11.09%, which keeps about the industry-typical share.

MKC.V

Food, Beverage & Tobacco industry group

19.39%

Max: 24.83%
MKC.V: 19.39%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

PEP

Food, Beverage & Tobacco industry group

11.09%

Max: 24.83%
Q3: 11.22%
PEP: 11.09%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

McCormick (MKC.V) at 17.76% operates in the top operating margin quartile, ahead of PepsiCo (PEP) at 16.88%, which runs around its industry’s norm.

MKC.V

Food, Beverage & Tobacco industry group

17.76%

Max: 34.91%
MKC.V: 17.76%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

PEP

Food, Beverage & Tobacco industry group

16.88%

Max: 34.91%
Q3: 17.57%
PEP: 16.88%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for McCormick (MKC.V) and PepsiCo (PEP)
Metric	MKC.V	PEP
ROE (TTM)	22.62%	52.19%
ROA (TTM)	5.25%	9.02%
Net Margin (TTM)	19.39%	11.09%
Operating Margin (TTM)	17.76%	16.88%
Gross Margin (TTM)	38.91%	54.33%

Growth

Revenue Growth

Both McCormick (MKC.V) at 1.73% and PepsiCo (PEP) at 2.25% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both McCormick (MKC.V) at 0.34% and PepsiCo (PEP) at -13.67% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for McCormick (MKC.V) and PepsiCo (PEP)
Metric	MKC.V	PEP
Revenue Growth (YoY)	1.73%	2.25%
Revenue Growth (3Y CAGR)	2.51%	2.83%
EPS Growth (YoY)	0.34%	-13.67%
EPS Growth (3Y CAGR)	5.15%	-2.23%

Financial Strength

Current Ratio (MRQ)

Both McCormick (MKC.V) at 0.66 and PepsiCo (PEP) at 0.94 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

MKC.V

Food, Beverage & Tobacco industry group

0.66

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
MKC.V: 0.66
Min: 0.33

PEP

Food, Beverage & Tobacco industry group

0.94

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
PEP: 0.94
Min: 0.33

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

McCormick (MKC.V) at 0.66 is near its industry mid-range for debt-to-equity ratio, while PepsiCo (PEP) at 2.31 sits above its benchmark range, pointing to a heavier debt load relative to equity.

MKC.V

Food, Beverage & Tobacco industry group

0.66

Max: 2.19
Q3: 1.11
Median: 0.68
MKC.V: 0.66
Q1: 0.33
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

2.31

PEP: 2.31
Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for McCormick (MKC.V) and PepsiCo (PEP)
Metric	MKC.V	PEP
Current Ratio (MRQ)	0.66	0.94
Debt / Equity (MRQ)	0.66	2.31
Net Debt / EBITDA	3.12	2.12

Dividends

Dividend Yield (TTM)

PepsiCo (PEP) at 4.07% delivers top-quartile income for its industry, while McCormick (MKC.V) at 3.77% pays a more typical yield — both are credible income propositions, PEP the richer one.

MKC.V

Food, Beverage & Tobacco industry group

3.77%

Max: 9.38%
Q3: 3.77%
MKC.V: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

PEP

Food, Beverage & Tobacco industry group

4.07%

Max: 9.38%
PEP: 4.07%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Both McCormick (MKC.V) at 34.18% and PepsiCo (PEP) at 73.02% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

MKC.V

Food, Beverage & Tobacco industry group

34.18%

Max: 199.19%
Q3: 81.03%
Median: 41.52%
MKC.V: 34.18%
Q1: 0.00%
Min: 0.00%

PEP

Food, Beverage & Tobacco industry group

73.02%

Max: 199.19%
Q3: 81.03%
PEP: 73.02%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for McCormick (MKC.V) and PepsiCo (PEP)
Metric	MKC.V	PEP
Dividend Yield (TTM)	3.77%	4.07%
Dividend Payout Ratio (TTM)	34.18%	73.02%

Valuation

P/E Ratio (TTM)

McCormick (MKC.V) at 8.82 sits in the cheaper P/E ratio quartile, while PepsiCo (PEP) at 17.78 is closer to its industry’s usual earnings multiple — a discount for MKC.V, though growth and earnings durability still matter.

MKC.V

Food, Beverage & Tobacco industry group

8.82

Max: 52.52
Q3: 30.78
Median: 18.76
Q1: 12.77
MKC.V: 8.82
Min: 4.72

PEP

Food, Beverage & Tobacco industry group

17.78

Max: 52.52
Q3: 30.78
Median: 18.76
PEP: 17.78
Q1: 12.77
Min: 4.72

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both McCormick (MKC.V) at 1.71 and PepsiCo (PEP) at 1.96 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

MKC.V

Food, Beverage & Tobacco industry group

1.71

Max: 4.64
Q3: 2.27
MKC.V: 1.71
Median: 1.17
Q1: 0.52
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

1.96

Max: 4.64
Q3: 2.27
PEP: 1.96
Median: 1.17
Q1: 0.52
Min: 0.00

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

McCormick (MKC.V) at 1.87 sits near its industry’s typical P/B ratio, while PepsiCo (PEP) at 8.65 prices above its benchmark range — PEP looks rich relative to book.

MKC.V

Food, Beverage & Tobacco industry group

1.87

Max: 6.35
Q3: 3.07
MKC.V: 1.87
Median: 1.58
Q1: 0.82
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

8.65

PEP: 8.65
Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

McCormick (MKC.V) vs. PepsiCo (PEP): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for McCormick (MKC.V) and PepsiCo (PEP)
Metric	MKC.V	PEP
P/E Ratio (TTM)	8.82	17.78
P/S Ratio (TTM)	1.71	1.96
P/B Ratio (MRQ)	1.87	8.65
Free Cash Flow Yield (TTM)	5.65%	4.70%