The Marzetti Company Financials
The Marzetti Company (MZTI) reported $1.9B in revenue for fiscal year 2026, up 1.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Margin expansion is funding operations, but a cash-heavy balance-sheet reset has shifted the business toward externally financed investment.
In FY2026, operating cash flow of$284M still exceeded free cash flow of$206M , so day-to-day earnings converted into cash even as reinvestment absorbed the difference. Goodwill more than doubled as investing cash flow reached-$470M ; that combination points to a major non-routine balance-sheet investment rather than ordinary maintenance spending.
FY2026 revenue grew only
The current ratio slipped from 2.4x to 1.6x, narrowing the short-term liquidity cushion. Liabilities reached
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of The Marzetti Company's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
The Marzetti Company has an operating margin of 12.4%, meaning the company retains $12 of operating profit per $100 of revenue. This strong profitability earns a score of 74/100, reflecting efficient cost management and pricing power. This is up from 11.5% the prior year.
The Marzetti Company's revenue grew a modest 1.1% year-over-year to $1.9B. This slow but positive growth earns a score of 37/100.
The Marzetti Company has a moderate D/E ratio of 0.18. This balance of debt and equity financing earns a leverage score of 58/100.
The Marzetti Company's current ratio of 1.56 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.
The Marzetti Company converts 10.7% of revenue into free cash flow ($206.1M). This strong cash generation earns a score of 69/100.
The Marzetti Company earns a strong 18.2% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 86/100. This is up from 16.8% the prior year.
The Marzetti Company scores 6.69, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.1B) relative to total liabilities ($551.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
The Marzetti Company passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, The Marzetti Company generates $1.48 in operating cash flow ($283.8M OCF vs $191.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
The Marzetti Company earns $135.40 in operating income for every $1 of interest expense ($238.7M vs $1.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
The Marzetti Company generated $1.9B in revenue in fiscal year 2026. This represents an increase of 1.1% from the prior year.
The Marzetti Company's EBITDA was $310.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.8% from the prior year.
The Marzetti Company reported $191.6M in net income in fiscal year 2026. This represents an increase of 14.5% from the prior year.
The Marzetti Company earned $6.98 per diluted share (EPS) in fiscal year 2026. This represents an increase of 15.0% from the prior year.
Cash & Balance Sheet
The Marzetti Company generated $206.1M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 1.3% from the prior year.
The Marzetti Company held $25.1M in cash against $189.3M in long-term debt as of fiscal year 2026.
The Marzetti Company paid $3.95 per share in dividends in fiscal year 2026. This represents an increase of 5.3% from the prior year.
Margins & Returns
The Marzetti Company's gross margin was 24.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.
The Marzetti Company's operating margin was 12.4% in fiscal year 2026, reflecting core business profitability. This is up 0.8 percentage points from the prior year.
The Marzetti Company's net profit margin was 9.9% in fiscal year 2026, showing the share of revenue converted to profit. This is up 1.2 percentage points from the prior year.
The Marzetti Company's ROE was 18.2% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.
Capital Allocation
The Marzetti Company spent $36.3M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 353.7% from the prior year.
The Marzetti Company invested $77.7M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 33.9% from the prior year.
Not reported for fiscal year 2026.
MZTI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $465.0M+2.6% | $453.4M-12.5% | $518.0M+5.0% | $493.5M+3.8% | $475.4M+3.8% | $457.8M-10.1% | $509.3M+9.2% | $466.6M |
| Cost of Revenue | $351.0M+1.4% | $346.2M-9.1% | $380.7M+1.6% | $374.7M+1.4% | $369.3M+5.0% | $351.9M-6.5% | $376.5M+5.8% | $355.7M |
| Gross Profit | $114.0M+6.3% | $107.2M-21.9% | $137.3M+15.5% | $118.8M+12.0% | $106.1M+0.1% | $106.0M-20.2% | $132.8M+19.8% | $110.8M |
| SG&A Expenses | $74.3M+21.0% | $61.4M+1.7% | $60.4M+3.4% | $58.4M-5.9% | $62.1M+10.7% | $56.1M-1.8% | $57.1M+3.9% | $55.0M |
| Operating Income | $57.7M+23.9% | $46.6M-38.0% | $75.2M+26.9% | $59.3M+52.3% | $38.9M-22.0% | $49.9M-34.1% | $75.7M+35.4% | $55.9M |
| Income Tax | $8.2M-26.9% | $11.3M-34.8% | $17.3M+26.9% | $13.6M+70.5% | $8.0M-25.5% | $10.7M-24.8% | $14.2M+8.0% | $13.2M |
| Net Income | $48.3M+30.3% | $37.1M-37.3% | $59.1M+25.2% | $47.2M+45.0% | $32.5M-20.9% | $41.1M-16.1% | $49.0M+9.6% | $44.7M |
| EPS (Diluted) | $1.77+31.1% | $1.35-37.2% | $2.15+25.7% | $1.71+44.9% | $1.18-20.8% | $1.49-16.3% | $1.78+9.9% | $1.62 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
MZTI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B+18.4% | $1.4B+2.0% | $1.3B-0.7% | $1.3B+5.0% | $1.3B-0.1% | $1.3B+3.0% | $1.2B+1.9% | $1.2B |
| Current Assets | $361.0M-29.8% | $513.9M+4.6% | $491.4M-1.6% | $499.3M+12.6% | $443.6M+0.9% | $439.7M-8.6% | $481.0M+6.3% | $452.6M |
| Cash & Equivalents | $25.1M-88.5% | $218.4M+8.4% | $201.6M+10.7% | $182.2M+12.8% | $161.5M+29.6% | $124.6M-38.7% | $203.1M+50.4% | $135.1M |
| Inventory | $205.1M+17.0% | $175.3M+7.8% | $162.6M-6.6% | $174.0M+2.8% | $169.3M-11.4% | $191.1M+14.3% | $167.2M-13.7% | $193.7M |
| Goodwill | $500.5M+124.7% | $222.8M0.0% | $222.8M0.0% | $222.8M0.0% | $222.8M-0.3% | $223.5M+7.2% | $208.4M0.0% | $208.4M |
| Total Liabilities | $551.9M+77.3% | $311.3M+5.1% | $296.0M-7.4% | $319.7M+15.7% | $276.2M-1.5% | $280.4M+7.8% | $260.0M-4.1% | $271.2M |
| Current Liabilities | $231.5M+16.4% | $198.9M+10.1% | $180.7M-10.3% | $201.5M+8.1% | $186.3M0.0% | $186.4M+11.4% | $167.3M-3.4% | $173.2M |
| Long-Term Debt | $189.3M | $0 | N/A | N/A | $0 | N/A | N/A | N/A |
| Total Equity | $1.1B+0.8% | $1.0B+1.2% | $1.0B+1.4% | $1.0B+2.0% | $998.5M+0.2% | $996.2M+1.7% | $979.9M+3.7% | $945.1M |
| Retained Earnings | $1.7B+1.2% | $1.7B+0.6% | $1.7B+1.9% | $1.6B+1.3% | $1.6B+0.4% | $1.6B+0.9% | $1.6B+1.4% | $1.6B |
Not reported in any period shown, so not listed: Accounts Receivable.
MZTI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $55.2M-21.8% | $70.5M-20.4% | $88.6M+27.5% | $69.5M-21.2% | $88.2M+92.5% | $45.8M-57.4% | $107.6M+441.0% | $19.9M |
| Capital Expenditures | $23.1M+8.6% | $21.3M+20.4% | $17.7M+13.1% | $15.6M+9.4% | $14.3M-5.1% | $15.1M+36.6% | $11.0M-37.5% | $17.6M |
| Free Cash Flow | $32.1M-34.9% | $49.3M-30.6% | $70.9M+31.7% | $53.9M-27.1% | $73.9M+140.3% | $30.8M-68.2% | $96.6M+4179.7% | $2.3M |
| Investing Cash Flow | -$405.5M-1541.3% | -$24.7M-17.7% | -$21.0M-11.6% | -$18.8M-4.8% | -$18.0M+81.6% | -$97.5M-662.8% | -$12.8M+35.8% | -$19.9M |
| Financing Cash Flow | $157.0M+642.2% | -$29.0M+39.9% | -$48.2M-60.5% | -$30.0M+9.9% | -$33.3M-24.4% | -$26.8M+0.2% | -$26.8M+5.5% | -$28.4M |
| Dividends Paid | $27.4M-0.4% | $27.5M-0.4% | $27.6M+4.8% | $26.3M+0.5% | $26.2M+0.1% | $26.2M-0.3% | $26.3M+5.6% | $24.9M |
| Share Buybacks | $15.1M+94031.3% | $16K-99.9% | $20.1M+1663.6% | $1.1M-82.4% | $6.5M+8418.4% | $76K+2433.3% | $3K-99.8% | $1.4M |
MZTI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.5%+0.9pp | 23.6%-2.9pp | 26.5%+2.4pp | 24.1%+1.8pp | 22.3%-0.8pp | 23.1%-2.9pp | 26.1%+2.3pp | 23.8% |
| Operating Margin | 12.4%+2.1pp | 10.3%-4.3pp | 14.5%+2.5pp | 12.0%+3.8pp | 8.2%-2.7pp | 10.9%-4.0pp | 14.9%+2.9pp | 12.0% |
| Net Margin | 10.4%+2.2pp | 8.2%-3.2pp | 11.4%+1.8pp | 9.6%+2.7pp | 6.8%-2.1pp | 9.0%-0.6pp | 9.6%0.0pp | 9.6% |
| Return on Equity | 4.6%+1.0pp | 3.5%-2.2pp | 5.7%+1.1pp | 4.6%+1.4pp | 3.3%-0.9pp | 4.1%-0.9pp | 5.0%+0.3pp | 4.7% |
| Return on Assets | 3.0%+0.3pp | 2.7%-1.7pp | 4.5%+0.9pp | 3.5%+1.0pp | 2.5%-0.7pp | 3.2%-0.7pp | 4.0%+0.3pp | 3.7% |
| Current Ratio | 1.56-1.0x | 2.58-0.1x | 2.72+0.2x | 2.48+0.1x | 2.380.0x | 2.36-0.5x | 2.88+0.3x | 2.61 |
| Debt-to-Equity | 0.18+0.2x | 0.00-0.3x | 0.290.0x | 0.31+0.3x | 0.00-0.3x | 0.280.0x | 0.270.0x | 0.29 |
| FCF Margin | 6.9%-4.0pp | 10.9%-2.8pp | 13.7%+2.8pp | 10.9%-4.6pp | 15.5%+8.8pp | 6.7%-12.3pp | 19.0%+18.5pp | 0.5% |
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Where The Marzetti Company Ranks
Frequently Asked Questions
What is The Marzetti Company's annual revenue?
The Marzetti Company (MZTI) reported $1.9B in total revenue for fiscal year 2026. This represents a 1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is The Marzetti Company's revenue growing?
The Marzetti Company (MZTI) revenue grew by 1.1% year-over-year, from $1.9B to $1.9B in fiscal year 2026.
Is The Marzetti Company profitable?
Yes, The Marzetti Company (MZTI) reported a net income of $191.6M in fiscal year 2026, with a net profit margin of 9.9%.
What is The Marzetti Company's EBITDA?
The Marzetti Company (MZTI) had EBITDA of $310.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does The Marzetti Company have?
As of fiscal year 2026, The Marzetti Company (MZTI) had $25.1M in cash and equivalents against $189.3M in long-term debt.
What is The Marzetti Company's gross margin?
The Marzetti Company (MZTI) had a gross margin of 24.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is The Marzetti Company's operating margin?
The Marzetti Company (MZTI) had an operating margin of 12.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is The Marzetti Company's net profit margin?
The Marzetti Company (MZTI) had a net profit margin of 9.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does The Marzetti Company pay dividends?
Yes, The Marzetti Company (MZTI) paid $3.95 per share in dividends during fiscal year 2026.
What is The Marzetti Company's return on equity (ROE)?
The Marzetti Company (MZTI) has a return on equity of 18.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is The Marzetti Company's free cash flow?
The Marzetti Company (MZTI) generated $206.1M in free cash flow during fiscal year 2026. This represents a 1.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is The Marzetti Company's operating cash flow?
The Marzetti Company (MZTI) generated $283.8M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are The Marzetti Company's total assets?
The Marzetti Company (MZTI) had $1.6B in total assets as of fiscal year 2026, including both current and long-term assets.
What are The Marzetti Company's capital expenditures?
The Marzetti Company (MZTI) invested $77.7M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is The Marzetti Company's current ratio?
The Marzetti Company (MZTI) had a current ratio of 1.56 as of fiscal year 2026, which is generally considered healthy.
What is The Marzetti Company's debt-to-equity ratio?
The Marzetti Company (MZTI) had a debt-to-equity ratio of 0.18 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is The Marzetti Company's return on assets (ROA)?
The Marzetti Company (MZTI) had a return on assets of 11.9% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is The Marzetti Company's Altman Z-Score?
The Marzetti Company (MZTI) has an Altman Z-Score of 6.69, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is The Marzetti Company's Piotroski F-Score?
The Marzetti Company (MZTI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are The Marzetti Company's earnings high quality?
The Marzetti Company (MZTI) has an earnings quality ratio of 1.48x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can The Marzetti Company cover its interest payments?
The Marzetti Company (MZTI) has an interest coverage ratio of 135.40x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is The Marzetti Company?
The Marzetti Company (MZTI) scores 61 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.