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MZTI

The Marzetti Company

MZTI

The Marzetti Company • NASDAQ
$166.94 ▼ -0.11% (-0.19)
Market Cap $4.59 B
52w High $198.39
52w Low $152.95
Dividend Yield 3.80%
P/E 27.1
Volume 39.93K
Outstanding Shares 27.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $493.472M ▲ $59.559M ▼ $47.182M ▲ 9.561% ▲ $1.71 ▲ $77.498M ▲
Q4-2025 $475.427M ▲ $67.177M ▲ $32.529M ▼ 6.842% ▼ $1.18 ▼ $61.129M ▼
Q3-2025 $457.836M ▼ $56.085M ▼ $41.124M ▼ 8.982% ▼ $1.49 ▼ $65.527M ▼
Q2-2025 $509.301M ▲ $57.107M ▲ $48.993M ▲ 9.62% ▲ $1.78 ▲ $90.71M ▲
Q1-2025 $466.558M $54.96M $44.701M 9.581% $1.62 $70.221M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $124.561M ▼ $1.277B ▲ $280.364M ▲ $996.248M ▲
Q4-2025 $203.073M ▲ $1.24B ▼ $259.992M ▼ $979.866M ▼
Q3-2025 $124.561M ▼ $1.277B ▲ $280.364M ▲ $996.248M ▲
Q2-2025 $203.073M ▲ $1.24B ▲ $259.992M ▼ $979.866M ▲
Q1-2025 $135.058M $1.216B $271.158M $945.052M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $47.182M ▲ $69.51M ▼ $-18.814M ▼ $-30.021M ▲ $20.675M ▼ $53.883M ▼
Q4-2025 $32.529M ▼ $88.179M ▲ $-17.952M ▲ $-33.312M ▼ $36.915M ▲ $73.894M ▼
Q3-2025 $41.124M ▼ $45.807M ▼ $-97.549M ▼ $-26.77M ▲ $-78.512M ▼ $74.467M ▼
Q2-2025 $48.993M ▲ $107.618M ▲ $-12.789M ▲ $-26.814M ▲ $68.015M ▲ $96.593M ▲
Q1-2025 $44.701M $19.892M $-19.916M $-28.361M $-28.385M $2.257M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Foodservice
Foodservice
 $230.00M ▲$220.00M ▼$230.00M ▲$250.00M ▲
Retail Segment
Retail Segment
 $280.00M ▲$240.00M ▼$240.00M ▲$250.00M ▲

Five-Year Company Overview

Income Statement

Income Statement The income statement shows a steady climb in sales over the past five years, suggesting the brands are gaining traction and pricing has generally held. Profitability dipped a few years ago, likely when input costs and investments were pressuring margins, but has since recovered and now sits at healthier levels than before the dip. Earnings per share have grown strongly more recently, pointing to both better margins and disciplined cost control. Overall, this looks like a mature, steady business that has managed to grow while restoring profitability after a period of pressure.

Balance Sheet

Balance Sheet The balance sheet is conservative and solid. Total assets have been inching up, and shareholder equity has grown consistently, which signals that profits are being retained and reinvested. Debt levels are very low relative to the size of the business, reducing financial risk and interest burden. Cash on hand has stayed comfortable, giving the company flexibility to fund projects and weather slowdowns without stretching the balance sheet.

Cash Flow

Cash Flow Cash generation from day-to-day operations has improved over time, which is a positive sign that profits are backed by real cash. Free cash flow has grown nicely in recent years, except for one year where heavy investment spending temporarily pushed it negative. Capital expenditures have been meaningful, indicating the company is actively investing in plants, equipment, and capabilities rather than simply harvesting cash. Taken together, cash flows support a picture of a business that can both fund its own growth and still have room for shareholder returns.

Competitive Edge

Competitive Edge Marzetti sits in the defensive packaged foods space, where demand tends to be steady and brand loyalty matters a lot. Its strength comes from a portfolio of well-known retail brands and deep relationships in foodservice, plus powerful licensing deals with major restaurant names that draw consumers in the grocery aisle. The company benefits from its long heritage and reputation for quality, which make it harder for newer or private-label competitors to displace it quickly. Key risks include ongoing price competition, retailer bargaining power, changes in partner restaurant strategies, and shifting consumer tastes, but the current moat appears durable.

Innovation and R&D

Innovation and R&D Innovation is a clear focus, anchored by a dedicated innovation center that brings chefs, food scientists, and quality experts together. The patent-pending gluten-free dough technology is a standout example, showing a willingness to invest over many years to solve real consumer pain points like taste and texture in gluten-free bread. The company is also leaning into clean-label, simple-ingredient products and using data systems like a modern ERP to make product development and operations more responsive. Its mix of culinary creativity, proprietary technology, and close customer feedback loops gives it a solid platform for ongoing product refreshes and line extensions.

Summary

Overall, The Marzetti Company looks like a financially conservative, steadily growing food business with improving profitability and healthy cash generation. Its balance sheet is strong, with low debt and rising equity, giving it room to keep investing through cycles. The competitive position is underpinned by trusted brands, valuable licensing partnerships, and a strong presence in both retail and foodservice channels. At the same time, the company is not standing still: it is investing in innovation, gluten-free and clean-label products, and modern systems to stay aligned with evolving consumer trends. The main watchpoints are continued margin management in a cost-sensitive industry, the durability of licensing relationships, and the company’s ability to keep its brands relevant as tastes change.

NEWS

November 19, 2025 · 2:00 PM UTC

The Marzetti Company Increases Regular Cash Dividend; Reelects Four Incumbent Directors

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November 4, 2025 · 7:30 AM UTC

The Marzetti Company Reports First Quarter Sales and Earnings

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October 21, 2025 · 2:00 PM UTC

The Marzetti Company to Webcast First Quarter Fiscal Year 2026 Conference Call

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