The Marzetti Company
MZTI Consumer Defensive Packaged Foods
The Marzetti Company’s revenue for fiscal 2026 (year ended June 2026) was $1.9 billion, up 1.08% from fiscal 2025.
- Revenue
- −2.42%
- EPS
- −37.1%
- Free cash flow
- −38.5%
Quarter to September 2026, against a year earlier
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The Marzetti Company (MZTI) Piotroski F-score
The Marzetti Company's Piotroski F-score for fiscal 2026 is 5 out of 9: 5 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 5 | 0.00 |
| FY2025 | 5 | (3.00) |
| FY2024 | 8 | 0.00 |
| FY2023 | 8 | 2.00 |
| FY2022 | 6 | 3.00 |
| FY2021 | 3 | (1.00) |
| FY2020 | 4 | (1.00) |
| FY2019 | 5 | (1.00) |
| FY2018 | 6 | 0.00 |
| FY2017 | 6 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 13.28% | 13.45% | Pass | 1 |
| Positive operating cash flow | 283.82m | 261.50m | Pass | 1 |
| Rising return on assets | 13.28% | 13.45% | Fail | 0 |
| Cash flow above net income | 92.58m | 94.60m | Pass | 1 |
| Falling long-term leverage | 0.13 | 0.00 | Fail | 0 |
| Rising current ratio | 1.56 | 2.38 | Fail | 0 |
| No new shares issued | 27,385,000 | 27,469,000 | Pass | 1 |
| Rising gross margin | 24.73% | 23.87% | Pass | 1 |
| Rising asset turnover | 1.34 | 1.54 | Fail | 0 |
| Piotroski F-score | Mixed | 5 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| CENT Central Garden & Pet Company compare | 8 |
| FRPT Freshpet, Inc. compare | 8 |
| CENTA Central Garden & Pet Company compare | 8 |
| UTZ Utz Brands, Inc. compare | 5 |
| NOMD Nomad Foods Limited compare | 5 |
| MZTI The Marzetti Company | 5 |
| HLF Herbalife Ltd compare | 5 |
| POST Post Holdings, Inc. compare | 4 |
| JJSF J & J Snack Foods Corp. compare | 4 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover
More on MZTI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Altman Z-score
- Beneish M-score
- The full statement