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Marzetti Co (MZTI) stock

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NASDAQ: MZTI Nasdaq Packaged Foods & Meats Next results ~November 3, 2026

B Fundamentals grade

Marzetti Co is a US-listed company in the packaged foods & meats industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$110

Cash-flow model

Base case. Range ~$84–$150 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 3% below our base value.

Price used: $110.93, November 2, 2026

Marzetti Co valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 1 selling1 purchase and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds187 adding, 173 cuttingOf 53 active managers that changed their stake, 26 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Marzetti files

10-Q filed November 3: Marzetti Co

Model value +5.1%

Marzetti's twelve months to September 2026 brought revenue of $1.92bn, down 0.9% on the year, a reversal from 1.1% growth a quarter earlier. Free-cash-flow margin slipped to 9.7%, from 13.2% a year earlier. Despite this, our model value edges up from $109 to $115 a share, against a share price of $111, and the rating stays Hold. At that price, the market appears to be pricing in cash-flow growth of about 1.6% a year over five years, not far off the 2.7% a year revenue growth actually delivered.

Source: 10-Q filed November 3, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Marzetti Co stands after its latest 10-K

Revenue for the twelve months to June 2026 was $1.93bn, up 1.1% on a year earlier, slower than the 2.8% growth a quarter earlier. Free-cash-flow margin held at 10.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 4 financial-health checks. Our cash-flow model value is $109 a share, against a share price of $108. At that price, our model says the market is pricing in about 2.0% a year of cash-flow growth for five years, slower than the 5.6% a year revenue growth it has delivered.

10-K on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Marzetti Co's trailing-twelve-month revenue fell 0.9% year on year, with a free-cash-flow margin of 9.7%. Where it stands out: operating margin of 11.5% ranks 5 of 42 packaged foods & meats companies we cover.

Our discounted-cash-flow model values the business at ~$110 per share in the base case (~$84–$150 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 27.3% while net income grew 2.3%: a 30pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Marzetti Co's latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 0.9% over the last 12 months.
  • Growth easing. The growth rate is 2.0 points lower than a quarter earlier.
  • Heavily shorted. 28.4% of the shares available to trade are sold short (4.8 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2027 Q1

Filed November 3, 2026
Earnings per share
$1.46 against an average estimate of $1.40: beat by 4.1%
Revenue
$482m, down 2.4% on a year earlier
Next report
November 3, 2026; average EPS estimate $1.37

Marzetti's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.1%
  • 1 week+1.7%
  • 1 month+11.5%
  • This year-30.8%
  • 1 year-27.0%
  • 5 years-23.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.9B
Operating margin
11.5%
Net margin
9.1%
EPS (TTM, diluted)
$6.35

Growth

Revenue growth
−0.9%
Change in growth rate
−2.0 pts
Share count change
−0.5%

Cash

Free cash flow (TTM)
$185M
FCF margin
9.7%
Stock pay % of revenue
0.5%

Earnings

Last results
November 3, 2026
Next results (est.)
February 2, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Leadership
  4. Results
  5. Dividend
  6. Announcement
  7. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Marzetti Co valuation models and calculator

What the price is pricing in

The share price implies about 1.6% a year of cash-flow growth for five years.That is close to the 2.7% a year revenue growth Marzetti has delivered.

  • Priced in1.6%
  • Last 12 months-0.9%
  • 3 years a year1.1%
  • 5 years a year2.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($108.56, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$110
Price used
$108.56close November 3, 2026
Implied change
▲ +6%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Marzetti Co's free cash flow after stock-based pay with after-tax interest added back ($194M, FY2027 Q1 TTM), growing 4.6% and 2.1% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$84–~$150 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Marzetti Co's free cash flow after stock-based pay ( $194M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Marzetti Co as an operating company, with every model that fits that kind of business. Cost of equity 7.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.51 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$110 ~$84–$150 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$69 ~$72–$120 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$81 ~$60–$110 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$110 ~$90–$150 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$98 ~$69–$110 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Marzetti Co with Packaged Foods & Meats in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −27%
  • Revenue growth 5 points higher ▲ +35%
  • Free-cash-flow margin 1 point lower ▼ −11%
  • Last year's free-cash-flow margin change, if it persists ▼ −28%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $96$133$181$245$329$437
8.5% $72$99$134$179$239$316
10% $57$78$105$140$185$243

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$104.39$101.96$117.26$127.93$135.81$172.36$117.16$186.18$178.46$166.61$113.08$110.93
Market value$2.9bn$2.8bn$3.2bn$3.5bn$3.7bn$4.7bn$3.2bn$5.1bn$4.9bn$4.6bn$3.1bn$3.0bn
+ Net debt (− = net cash)−$118m−$143m−$206m−$196m−$198m−$188m−$60m−$88m−$163m−$161m$175m$180m
Enterprise value$2.7bn$2.7bn$3.0bn$3.3bn$3.5bn$4.6bn$3.2bn$5.0bn$4.7bn$4.4bn$3.3bn$3.2bn
Multiples
Price / sales 2.4x2.3x2.6x2.7x2.8x3.2x1.9x2.8x2.6x2.4x1.6x1.6x
Price / earnings 23.5x24.3x23.8x23.4x27.3x33.3x35.9x46.0x30.9x27.4x16.2x17.5x
Price / free cash flow 22.1x23.4x24.8x27.8x42.4x54.9x—37.7x26.6x22.5x15.0x16.4x
EV / EBITDA 13.1x13.3x15.2x14.9x16.5x19.8x20.0x26.1x18.6x15.6x10.6x10.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

72 /100

Strong moat

How hard Marzetti's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 16.5% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 24.7%, moving by 1.8 percentage points (standard deviation) across 10 years.

  • Durability 11 / 20

    Operating margin has been a median 11.7%; its worst year was 7.1%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 8.2% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 0.6% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, before the open. Analysts expect revenue of $484m and EPS of $1.37 (range $1.33 to $1.41) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $6.70 −2% $2.0bn +5%
Next $7.23 +8% $2.0bn +2%

Next year's EPS estimate has moved −2.4% in 90 days, across 5 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.40 $1.46 +4.1%
Mar 2026 $1.57 $1.33 −15.1%
Dec 2025 $2.23 $2.20 −1.1%
Sept 2025 $1.70 $1.74 +2.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 25, 2026

No numeric guidance in Marzetti Co's latest earnings release (filed August 25, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Marzetti Co's revenue by +4.6% next year and +2.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.1%, weight 64%) and the company's own record (+2.0%, weight 36%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy240%
Hold360%
Sell00%

Monthly trend

  1. Oct 2026235
  2. Sep 2026235
  3. Aug 2026235
  4. Jul 2026235

Counts of recommendations published by analysts covering Marzetti Co, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
28.4%
of tradable shares
Days to cover
4.76
at average volume
Short interest, 1 month
−6%
to September 30, 2026
Held by institutions
72%
of shares
Held by insiders
29.3%
of shares
Employees
3,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −27.0%

$151.98 on October 31, 2025 to $110.93

ThenNowEffect
Revenue (last 12 months) $1.9bn $1.9bn +1.1%
Net margin 8.8% 9.9% +13.3%
P/E multiple 25.0x 15.9x −36.4%
Share count 27m 27m +0.3%

Biggest factor: p/e multiple.

Last 3 years −30.3%

$159.14 on November 3, 2023 to $110.93

ThenNowEffect
Revenue (last 12 months) $1.8bn $1.9bn +5.9%
Net margin 6.1% 9.9% +62.6%
P/E multiple 39.3x 15.9x −59.6%
Share count 27m 27m +0.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MZTI−8%+22%−14%+6%−3%−31%
Industry peers (median)+9%−4%−4%−2%−19%−15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MZTI67%58%58%58%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MZTI−27%−30%−27%−19%−19%−42%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 51% from May 5, 2023 to September 30, 2026. Getting back needed a 103% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$99.19 – $169.61
From 52-week high
−34.6%
vs 50-day average
+5.8%
vs 200-day average
−9.5%
Volatility (1 year)
31%
Beta vs S&P 500
-0.15

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 7 down
typical move ±7.9%
After a week
6 up, 5 down
typical move ±8.2%
After a month
4 up, 7 down
typical move ±8.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 25, 2026 −2.0% +0.3% −3.4% −11.8%
May 4, 2026 −4.6% +0.4% −9.7% −14.0%
February 3, 2026 −10.6% −1.3% −10.8% −5.2%
November 4, 2025 +9.8% −0.8% +8.5% +4.0%
August 21, 2025 +6.1% +1.1% +1.3% −0.9%
April 30, 2025 −16.7% +0.7% −17.2% −13.2%
February 4, 2025 +11.8% +1.1% +14.5% +15.3%
October 31, 2024 −2.4% −1.5% +6.1% +1.2%
August 22, 2024 −12.2% +0.3% −14.0% −8.4%
May 2, 2024 0.0% +2.2% +2.5% −3.1%
February 1, 2024 +10.2% +2.4% +2.4% +12.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Marzetti Co’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Marzetti Co in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Marzetti Co
$1.9B $1.9B $1.9B $1.9B $1.9B $2B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $1.9B Revenue (TTM), FY24 Q3: $1.9B Revenue (TTM), FY24 Q4: $1.9B Revenue (TTM), FY25 Q1: $1.9B Revenue (TTM), FY25 Q2: $1.9B Revenue (TTM), FY25 Q3: $1.9B Revenue (TTM), FY25 Q4: $1.9B Revenue (TTM), FY26 Q1: $1.9B Revenue (TTM), FY26 Q2: $1.9B Revenue (TTM), FY26 Q3: $1.9B Revenue (TTM), FY26 Q4: $1.9B Revenue (TTM), FY27 Q1: $1.9B $1.9B

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $1.9B
FY24 Q3 $1.9B
FY24 Q4 $1.9B
FY25 Q1 $1.9B
FY25 Q2 $1.9B
FY25 Q3 $1.9B
FY25 Q4 $1.9B
FY26 Q1 $1.9B
FY26 Q2 $1.9B
FY26 Q3 $1.9B
FY26 Q4 $1.9B
FY27 Q1 $1.9B
Revenue growth, TTM YoY Marzetti Co
-2% 0% 2% 4% 6% 8% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 6.2% Revenue growth, TTM YoY, FY24 Q3: 2.9% Revenue growth, TTM YoY, FY24 Q4: 2.7% Revenue growth, TTM YoY, FY25 Q1: 1.0% Revenue growth, TTM YoY, FY25 Q2: 1.8% Revenue growth, TTM YoY, FY25 Q3: 0.7% Revenue growth, TTM YoY, FY25 Q4: 2.0% Revenue growth, TTM YoY, FY26 Q1: 3.2% Revenue growth, TTM YoY, FY26 Q2: 2.3% Revenue growth, TTM YoY, FY26 Q3: 2.8% Revenue growth, TTM YoY, FY26 Q4: 1.1% Revenue growth, TTM YoY, FY27 Q1: -0.9% -0.9%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 6.2%
FY24 Q3 2.9%
FY24 Q4 2.7%
FY25 Q1 1.0%
FY25 Q2 1.8%
FY25 Q3 0.7%
FY25 Q4 2.0%
FY26 Q1 3.2%
FY26 Q2 2.3%
FY26 Q3 2.8%
FY26 Q4 1.1%
FY27 Q1 -0.9%
Operating margin (TTM) Marzetti Co
8% 9% 10% 11% 12% 13% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 8.8% Operating margin (TTM), FY24 Q3: 9.0% Operating margin (TTM), FY24 Q4: 10.7% Operating margin (TTM), FY25 Q1: 10.6% Operating margin (TTM), FY25 Q2: 11.0% Operating margin (TTM), FY25 Q3: 11.8% Operating margin (TTM), FY25 Q4: 11.5% Operating margin (TTM), FY26 Q1: 11.6% Operating margin (TTM), FY26 Q2: 11.5% Operating margin (TTM), FY26 Q3: 11.3% Operating margin (TTM), FY26 Q4: 12.4% Operating margin (TTM), FY27 Q1: 11.5% 11.5%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 8.8%
FY24 Q3 9.0%
FY24 Q4 10.7%
FY25 Q1 10.6%
FY25 Q2 11.0%
FY25 Q3 11.8%
FY25 Q4 11.5%
FY26 Q1 11.6%
FY26 Q2 11.5%
FY26 Q3 11.3%
FY26 Q4 12.4%
FY27 Q1 11.5%
FCF margin (TTM) Marzetti Co
6% 8% 10% 12% 14% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 8.4% FCF margin (TTM), FY24 Q3: 10.5% FCF margin (TTM), FY24 Q4: 9.8% FCF margin (TTM), FY25 Q1: 9.0% FCF margin (TTM), FY25 Q2: 9.4% FCF margin (TTM), FY25 Q3: 7.9% FCF margin (TTM), FY25 Q4: 10.7% FCF margin (TTM), FY26 Q1: 13.2% FCF margin (TTM), FY26 Q2: 11.8% FCF margin (TTM), FY26 Q3: 12.8% FCF margin (TTM), FY26 Q4: 10.7% FCF margin (TTM), FY27 Q1: 9.7% 9.7%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 8.4%
FY24 Q3 10.5%
FY24 Q4 9.8%
FY25 Q1 9.0%
FY25 Q2 9.4%
FY25 Q3 7.9%
FY25 Q4 10.7%
FY26 Q1 13.2%
FY26 Q2 11.8%
FY26 Q3 12.8%
FY26 Q4 10.7%
FY27 Q1 9.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jun 2010 2011 Jun 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jun 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026 LTM Sept 2026
Income
Revenue 1,057 1,090 989 1,014 1,041 1,105 1,191 1,202 1,223 1,308 1,334 1,467 1,676 1,823 1,872 1,909 1,930 1,918
Gross profit 270 242 223 245 249 258 300 319 304 326 358 387 356 389 432 456 477 469
EBITDA 195 166 161 174 174 176 209 199 198 223 214 230 158 193 255 282 310 296
Operating income 174 147 141 154 154 155 185 174 172 191 176 186 112 142 199 220 239 221
Net income 115 106 96 109 75 102 122 115 135 151 137 142 90 111 159 167 192 174
Diluted EPS $4.07 $3.84 $3.51 $3.99 $2.74 $3.72 $4.44 $4.20 $4.92 $5.46 $4.97 $5.16 $3.25 $4.04 $5.76 $6.07 $6.98 $6.35
Growth (year on year)
Revenue +0.5% +3.2% −9.3% +2.5% +2.7% +6.1% +7.8% +0.9% +1.8% +6.9% +2.0% +9.9% +14.3% +8.7% +2.7% +2.0% +1.1% −0.9%
EBITDA +28.5% −14.8% −2.7% +7.8% +0.1% +1.0% +18.6% −4.5% −0.4% +12.3% −4.0% +7.7% −31.5% +22.1% +32.5% +10.7% +9.8% +2.7%
Operating income +34.4% −15.6% −4.0% +9.0% −0.1% +0.7% +19.2% −5.5% −1.6% +11.3% −7.8% +5.6% −39.8% +26.4% +40.9% +10.5% +8.3% −1.3%
Net income +29.1% −7.5% −9.9% +14.0% −31.4% +35.6% +19.7% −5.3% +17.3% +11.3% −9.0% +3.9% −37.1% +24.2% +42.5% +5.5% +14.5% +2.3%
Diluted EPS +28.4% −5.7% −8.6% +13.7% −31.3% +35.8% +19.4% −5.4% +17.1% +11.0% −9.0% +3.8% −37.0% +24.3% +42.6% +5.4% +15.0% +2.8%
Margins
Gross margin 25.6% 22.2% 22.6% 24.1% 23.9% 23.3% 25.2% 26.5% 24.8% 24.9% 26.8% 26.4% 21.2% 21.3% 23.1% 23.9% 24.7% 24.5%
EBITDA margin 18.4% 15.2% 16.3% 17.2% 16.7% 15.9% 17.5% 16.6% 16.2% 17.0% 16.0% 15.7% 9.4% 10.6% 13.6% 14.8% 16.1% 15.4%
Operating margin 16.5% 13.5% 14.3% 15.2% 14.8% 14.0% 15.5% 14.5% 14.0% 14.6% 13.2% 12.7% 6.7% 7.8% 10.7% 11.5% 12.4% 11.5%
Net margin 10.9% 9.8% 9.7% 10.8% 7.2% 9.2% 10.2% 9.6% 11.1% 11.5% 10.3% 9.7% 5.3% 6.1% 8.5% 8.8% 9.9% 9.1%
Free-cash-flow margin 9.0% 10.3% 10.7% 10.6% 10.9% 10.4% 10.8% 9.9% 10.6% 9.7% 6.6% 5.9% −1.8% 7.4% 9.8% 10.7% 10.7% 9.7%
Cash flow
Cash from operations 108 147 122 132 129 133 146 146 161 198 171 174 102 226 252 261 284 265
Capital spending 13 35 16 24 16 18 17 27 31 71 83 88 132 90 68 58 78 80
Free cash flow 95 112 106 108 113 114 129 119 130 127 88 86 −30 136 184 203 206 185
Stock-based pay 2 2 3 3 2 3 3 4 5 6 6 7 10 9 11 9 10 10
Free cash flow after stock pay 93 110 103 105 111 111 126 115 125 121 82 79 −40 127 173 195 196 175
Balance sheet
Cash 101 132 192 123 212 182 118 143 206 196 198 188 60 88 163 161 25 18
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 200 198
Net debt (negative = net cash) −101 −132 −192 −123 −212 −182 −118 −143 −206 −196 −198 −188 −60 −88 −163 −161 175 180
Diluted shares 28m 28m 27m 27m 27m 27m 27m 27m 27m 28m 27m 28m 27m 27m 27m 27m 27m 27m
Returned to shareholders
Dividends 33 36 38 178 47 50 191 59 65 70 76 81 87 92 98 104 109 110
Buybacks 4 43 8 1 3 1 0 1 1 7 5 9 8 9 8 8 36 41
Total returned 38 79 47 179 50 50 191 60 66 78 81 90 94 102 106 111 145 151

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 4 checks passed · September 30, 2026
What it owns · $1.6bn
Short-term assets $380mLonger-term assets $1.2bn
What it owes, and who funded it · $1.3bn
Short-term liabilities $248mShareholders' equity $1.1bn
  • Short-term assets cover short-term liabilities $380m of assets due within a year against $248m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $18m of cash against $197m of debt.
  • Debt below 40% of shareholders' equity Debt is 19% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $265m of operating cash flow against $197m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Marzetti Co's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$41M
Dividends (TTM)
$110M
Returned to shareholders
81%
of free cash flow
Buybacks, last 3 fiscal years
$51.9M
Diluted share count
−0.5%
year over year
Total shareholder yield
5.1%
dividends 3.7% + buybacks 1.4% of market value
Dividend payout ratio
63%
of net income paid out
Sales & admin spending
13.8%
of revenue

Competitors: side by side with peers

Closest by revenue in packaged foods & meats
Last 12 months unless stated MZTI BGS JJSF CALM UTZ SMPL Median
Revenue, last 12 months $1.9bn $1.8bn $1.5bn $2.5bn $1.5bn $1.4bn $1.5bn
Revenue growth, last 12 months −0.9% −4.9% −4.7% −42.5% 2.0% −6.5% 2.1%
Revenue growth, 3-year average 1.1% −6.0% 0.2% −5.0% 0.5% 3.0% 1.4%
Revenue growth, latest quarter −2.4% −9.7% −6.2% −41.5% 1.4% −9.7% −1.8%
Gross margin 24.5% 21.5% 31.3% 14.3% 25.4% 32.6% 25.4%
Operating margin 11.5% 3.6% 3.9% 0.7% 0.7% −13.2% 3.1%
Operating margin, 3-year average 11.2% −1.5% 6.2% 18.7% 2.2% 4.4% 4.8%
Net margin 9.1% −4.0% 3.2% 2.3% −2.0% −11.5% 2.1%
Cash from operations / revenue 13.8% 5.0% 10.9% 3.9% 8.0% 13.3% 8.0%
Free-cash-flow margin 9.7% 3.6% 6.0% −1.3% 3.5% 11.6% 3.9%
Free-cash-flow margin, 3-year average 10.6% 5.7% 5.7% 13.7% 1.0% 12.7% 5.7%
Stock pay / revenue 0.5% 0.7% 0.4% 0.2% 1.2% 1.3% 0.6%
Change in share count −0.5% 1.0% −2.0% −2.9% 0.6% −9.0% 0.0%

Median of all 44 companies we cover in packaged foods & meats. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

44 packaged foods & meats companies
Measure Company Peer median Rank
Revenue growth Growth -0.9% 2.2% 31 of 44
Change in growth rate Growth -2.0pp -1.0pp 30 of 44
Gross margin Profitability 24.5% 25.4% 23 of 43
Operating margin Profitability 11.5% 3.4% 5 of 42
Net margin Profitability 9.1% 2.3% 7 of 44
Free-cash-flow margin Cash generation 9.7% 4.3% 7 of 43
Stock pay as % of revenue Cash generation 0.5% 0.6% 17 of 39
Long-term debt as % of assets Balance sheet 11.5% 20.4% 11 of 35
Change in share count Balance sheet -0.5% 0.1% 15 of 40

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Segments
Line of business Revenue Share YoY
Retail $1B 52.0% ▼ 0.1%
Foodservice $927M 48.0% ▲ 2.4%

From Marzetti Co's 10-K filed August 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.2B
Institutions reporting
334
Shares held vs prior quarter
▲ 8.4%
Positions opened / closed
40 / 69

Top buyers and sellers, Q2 2026: 187 institutions bought and 173 sold ; the biggest buyer was Goldman Sachs Group Inc (+447K shares) and the biggest seller Nordea Investment Management AB (−200K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $313M 2.7M 14.2% ▲ 4.5%
Vanguard Portfolio Management LLC $158M 1.4M 7.2% ▲ 5.8%
AQR Capital Management LLC $145M 1.3M 6.6% ▲ 53.4%
State Street Corp $120M 1.0M 5.4% ▲ 6.2%
First Trust Advisors LP $114M 998K 5.2% ▲ 24.2%
Vanguard Capital Management LLC $100M 879K 4.5% ▲ 0.3%
Charles Schwab Investment Management Inc $94.7M 830K 4.3% ▲ 10.1%
Dimensional Fund Advisors LP $81.5M 714K 3.7% ▲ 28.5%
Geode Capital Management, LLC $81.4M 713K 3.7% ▲ 7.5%
Goldman Sachs Group Inc $79.7M 698K 3.6% ▲ 177.5%
Morgan Stanley $42.9M 376K 1.9% ▲ 46.4%
Renaissance Technologies LLC $37.4M 328K 1.7% ▼ 11.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Marzetti Co's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $98,109 1 trade by 1 insider, last 12 months Insider sales History → $233,975 2 trades by 1 insider · 0% under pre-set plans
Net ▼ $135,866 net selling
Insider Date Trade Shares Price Value
Viso Luis Strategic Advisor to CEO September 10, 2026 Sell 997 $100.81 $100,508
Viso Luis Chief Supply Chain Officer June 11, 2026 Sell 1,221 $109.31 $133,468
Pigott, Thomas K. VP, CFO and Asst. Secretary June 10, 2026 Buy 900 $109.01 $98,109

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 2, 2027 estimated from the company's past filing pattern, not announced

  • November 3, 2026
  • August 25, 2026
  • May 4, 2026
  • February 3, 2026
  • November 4, 2025
  • August 21, 2025

Recent SEC filings

Data status

When each part of this page on Marzetti Co was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Marzetti Co in brief

What does Marzetti Co do?
Marzetti Co is a US-listed company in the packaged foods & meats industry. Its financial year ends in June.
What is Marzetti Co's stock ticker?
Marzetti Co trades under the ticker MZTI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Marzetti Co's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Marzetti Co reported revenue of $1.9B, 0.9% lower than a year earlier, according to its SEC filings.
What is Marzetti Co's free cash flow?
Marzetti Co's free-cash-flow margin is 9.7% of revenue over the trailing twelve months, ranking 7 of the 43 packaged foods & meats companies we cover.
What is Marzetti Co's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Marzetti Co's free cash flow after stock-based pay gives ~$110 per share in the base case, and ~$84–$150 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Marzetti Co's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and AQR Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Marzetti Co buying back stock, and does it pay a dividend?
Marzetti Co spent $41M on share repurchases over the trailing twelve months, and its diluted share count fell 0.5% over the year.
What is Marzetti Co's market cap?
On November 2, 2026, Marzetti Co's market capitalisation was about $3B, with a price-to-earnings ratio of 17.5 and net debt of $180M. Market figures come from third-party market data and may be delayed.
Does Marzetti Co pay a dividend?
Yes: Marzetti Co paid $110M in dividends over the trailing twelve months, a dividend yield of 3.71% and a payout ratio of 63.2%.
How much debt does Marzetti Co have?
Marzetti Co's debt-to-equity ratio is 18.7%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Marzetti Co's competitors?
In our Packaged Foods & Meats peer group, the companies closest to Marzetti Co are B&G Foods, Inc., J&J Snack Foods Corp, Cal-maine Foods Inc, Utz Brands, Inc. and Simply Good Foods Co. The side-by-side comparison below sets their revenue, margins and growth against Marzetti Co's.
Are insiders buying or selling Marzetti Co stock?
Over the last 12 months, Marzetti Co's directors and officers reported 1 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Marzetti Co's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Marzetti Co announces its own schedule.