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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. In the quarter to June 2026, revenue fell 2.19%, EPS grew 49.2% and free cash flow fell 30.1%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three; insiders bought in the last twelve months.

104.47 1.28 +1.24%
Market cap
$2.8B
P/E
15.0×
Fwd P/E
14.9×
Dividend yield
3.83%
F-score
5/9
Altman Z
6.68
Beneish M
−2.62
Dividend safety
84/100
Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.10
Total sells 0.23
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — 1 — — — —
Sell — — — — — — — 1 — — 1 —
Insider Ownership 30.62%

Capital & Financial Ratios $m

Market Cap 2,820.00
Revenue 1,929.82
Net Income 191.61
Free Cash Flow 226.46
Net Debt 174.18
Current Ratio 1.56 (at or above 1.5: strong)
Debt/Equity 0.19 (at or below 0.5: strong)
P/E ratio 14.99
Fwd P/E 14.90
P/S ratio 1.48
P/B ratio 2.72
Past 5Y EPS Growth 6.23%
This Y EPS Growth (1.85%) (below 0%: weak)
Next Y EPS Growth 7.79%
Next Y revenue growth 3.69%
Next 5Y EPS Growth 1.73%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.6×, against a ten-year median of 2.8×; over the ten years it ranged from 1.5× in 2026 to 3.8× in 2018.
P/E against its own 10 years 1.07%
10-year low 10-year high
P/S against its own 10 years 1.11%
10-year low 10-year high
P/B against its own 10 years 1.07%
10-year low 10-year high
EV/Sales against its own 10 years 2.47%
10-year low 10-year high
EV/FCF against its own 10 years 3.01%
10-year low 10-year high

Dividends

Payout Ratio 0.57
Annual Dividend Rate 4.00
Annual Dividend Yield 3.83%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 3.95
1.00
1.00
1.00
2025 3.85
0.95
0.95
0.95
1.00
2024 3.65
0.90
0.90
0.90
0.95
2023 3.45
0.85
0.85
0.85
0.90
2022 3.25
0.80
0.80
0.80
0.85
2021 3.05
0.75
0.75
0.75
0.80
2020 2.85
0.70
0.70
0.70
0.75
2019 2.65
0.65
0.65
0.65
0.70
2018 2.45
0.60
0.60
0.60
0.65
2017 2.25
0.55
0.55
0.55
0.60
2016 2.05
0.50
0.50
0.50
0.55
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 88 163 161 25
Receivables 115 96 96 105
Inventory 158 173 169 205
Other 13 12 17 25
374 444 444 361
2023 2024 2025 2026
Payables 112 119 118 157
ST’ Debt 11 — — 10
Other — — — —
169 184 186 232

Compound Annual Growth %

10y 5y 3y
Sales 4.94% 5.64% 1.93%
Cash Flow 6.88% 10.26% 7.90%
Earnings 4.62% 6.13% 19.87%
Book Value 7.45% 4.55% 6.89%

Revenue $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 493 518 453 465 1,930
’25 467 509 458 475 1,909
’24 462 486 471 453 1,872
’23 426 477 465 455 1,823
’22 392 428 403 452 1,676
’21 349 375 357 386 1,467
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 70 89 71 55 284
’25 20 108 46 88 261
’24 36 106 76 34 252
’23 51 90 44 42 226
’22 (1) 43 17 43 102
’21 24 67 48 35 174
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 54 72 49 52 226
’25 2 97 31 74 203
’24 17 87 61 25 191
’23 27 58 21 30 137
’22 (31) 7 (21) 16 (30)
’21 9 52 (8) 3 86
Fiscal quarters ending in the months shown.

EPS $

Sep Dec Mar Jun Year
’26 — — — — —
’26 1.71 2.15 1.35 1.76 6.98
’25 1.62 1.78 1.49 1.18 6.07
’24 1.59 1.87 1.03 1.26 5.76
’23 1.36 1.45 0.89 0.33 4.04
’22 1.11 1.25 (0.17) 1.06 3.25
’21 1.35 1.62 1.05 1.15 5.16
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 113.34 115.81 133.77 114.55 145.79 116.85 158.88 162.21 152.95 97.00

Analyst estimates 2027–2029

Powerpack
High 149.30 194.38 180.11 184.97 201.31 214.00 220.65 215.31 198.39 176.26
People
People Employees 2,800 2,900 3,200 3,200 3,200 3,200 3,400 3,400 3,700 3,500
Revenue/emp, $m 0.43 0.42 0.41 0.42 0.46 0.52 0.54 0.55 0.52 0.55
Income, $m
Income, $m Revenue 1,202 1,223 1,308 1,334 1,467 1,676 1,823 1,872 1,909 1,930
Gross margin, % 26.52 24.82 24.94 26.83 26.36 21.22 21.32 23.10 23.87 24.73
EBT 176 174 196 179 186 112 143 206 213 242
EBT margin, % 14.60 14.24 14.95 13.42 12.66 6.70 7.86 10.98 11.18 12.54
Net income 115 135 151 137 142 90 111 159 167 192
Depreciation 25 27 32 38 45 46 51 56 62 71
Per share, $
Per share, $ Revenue 43.90 44.63 47.66 48.62 53.40 61.08 66.37 68.21 69.50 70.47
Earnings 4.21 4.93 5.48 4.98 5.17 3.26 4.04 5.77 6.08 6.98
Cash flow 5.35 5.86 7.20 6.22 6.34 3.71 8.23 9.17 9.52 10.36
Capex (0.93) (1.13) (2.58) (3.01) (3.19) (4.79) (3.24) (2.21) (2.11) (2.09)
Free cash flow 4.41 4.73 4.62 3.22 3.15 (1.09) 4.99 6.96 7.41 8.27
Book value 21.04 23.80 26.49 28.54 30.69 30.77 31.40 33.74 36.35 38.46
Shares, m 27 27 27 27 27 27 27 27 27 27
Valuation, ×
Valuation, × P/E 29.13 28.36 26.92 31.12 37.43 39.62 49.77 32.68 28.46 16.38
P/S 2.79 3.13 3.09 3.19 3.62 2.11 3.03 2.76 2.49 1.62
P/B 5.83 5.87 5.56 5.43 6.31 4.18 6.40 5.59 4.75 2.97
EV/Sales 2.67 2.96 2.94 3.06 3.52 2.09 3.00 2.69 2.41 1.71
EV/FCF 26.59 27.95 30.29 46.25 90.68 (117.84) 39.90 26.38 22.66 14.57
Cash, $m
Cash, $m Operating cash flow 146 161 198 171 174 102 226 252 261 284
Capex (26) (31) (71) (83) (88) (132) (89) (61) (58) (57)
Free cash flow 121 130 127 88 86 (30) 137 191 203 226
Balance, $m
Balance, $m Working capital 225 285 249 259 250 186 206 260 257 129
Total debt — — — 26 33 36 30 — — 199
Net debt (143) (206) (196) (172) (155) (24) (58) (163) (161) 174
Shareholders’ equity 576 652 727 783 843 845 862 926 998 1,053
Returns, %
Returns, % ROA 17.07 17.79 17.61 14.43 13.56 8.15 10.08 13.64 13.45 13.28
ROIC 25.17 24.01 22.49 18.00 16.88 8.53 11.00 16.34 16.45 12.16
ROE 21.17 22.03 21.83 18.14 17.47 10.59 13.01 17.70 17.35 18.64
Negative figures in brackets.

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026

Charts ten years each

The Marzetti Company vs peers in Packaged Foods (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
POST Post Holdings, Inc. $3.4B 13.2× 13.3× −1.83% (below 0%: shrinking) −27.69% (below 0%: shrinking) +69.65% (above 0%: growing) 29.07% 9.72% Compare
FRPT Freshpet, Inc. $3.3B 16.0× 26.0× +15.45% (above 0%: growing) +17.65% (above 0%: growing) +3,203.37% (above 0%: growing) 42.11% 7.10% Compare
MZTI The Marzetti Company $2.8B 15.0× 14.9× −2.19% (below 0%: shrinking) +49.15% (above 0%: growing) −30.07% (below 0%: shrinking) 24.51% 12.41%
CENT Central Garden & Pet Company $2.3B 15.6× 13.9× −8.17% (below 0%: shrinking) −4.58% (below 0%: shrinking) +25.12% (above 0%: growing) 35.92% 14.26% Compare
CENTA Central Garden & Pet Company $2.3B 13.4× — −8.17% (below 0%: shrinking) −4.58% (below 0%: shrinking) +25.12% (above 0%: growing) 35.92% 14.26% Compare
UTZ Utz Brands, Inc. $2.1B — (loss-making) 9.2× +1.39% (above 0%: growing) n/m +93.40% (above 0%: growing) 25.87% (1.48%) Compare
NOMD Nomad Foods Limited $1.6B 11.5× 7.2× −0.76% (below 0%: shrinking) −2.38% (below 0%: shrinking) +24.23% (above 0%: growing) 28.91% 12.24% Compare
HLF Herbalife Ltd $1.5B 9.1× 5.5× +5.38% (above 0%: growing) n/m −70.49% (below 0%: shrinking) 77.67% 9.67% Compare
JJSF J & J Snack Foods Corp. $1.5B 30.1× 23.2× −6.24% (below 0%: shrinking) −16.74% (below 0%: shrinking) +4.83% (above 0%: growing) 35.45% 10.86% Compare
Median of peers $2.2B 13.4× 13.3× −1.29% −4.58% +25.12% 35.69% 10.29%

All 71 Packaged Foods stocks →

The Marzetti Company (MZTI) key facts

  • Strength: The Marzetti Company’s revenue for fiscal 2026 (year ended June 2026) was $1.9 billion, up 1.08% from fiscal 2025.
  • Strength: Net income was $191.6 million, or $6.98 per share (basic), a net margin of 9.91%.
  • The Marzetti Company (MZTI) is a Packaged Foods company in the Consumer Defensive sector, listed on Nasdaq.
  • As of October 16, 2026, MZTI traded at $104.47, a market capitalization of $2.8 billion.
  • At that price the stock trades at 15.0× trailing-twelve-month earnings and 1.5× sales; its P/E is higher than 1% of its own readings over the past ten years.
  • The Marzetti Company pays an annual dividend of $4.00 per share, a yield of 3.83%, with a payout ratio of 57.4%.
  • Return on equity was 18.6% and debt-to-equity 0.19.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 6.68 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

The Marzetti Company (MZTI) Latest News

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stockrow.com/MZTI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com