Marzetti Co key statistics and ratios

In fiscal 2026, Marzetti Co had return on equity of 18.7%, an operating margin of 12.4%, debt equal to 19.0% of equity and a current ratio of 1.56. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Marzetti Co: financial ratios, annual
Fiscal year	2010Jun 2010	2011Jun 2011	2012Jun 2012	2013Jun 2013	2014Jun 2014	2015Jun 2015	2016Jun 2016	2017Jun 2017	2018Jun 2018	2019Jun 2019	2020Jun 2020	2021Jun 2021	2022Jun 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026	LTMSept 2026
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%
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%
Return on equity	23.7%	21.2%	17.7%	20.5%	14.6%	18.3%	22.2%	21.2%	22.0%	21.8%	18.1%	17.5%	10.6%	13.0%	17.7%	17.4%	18.7%	16.5%
Return on assets	19.6%	17.6%	14.7%	16.8%	12.0%	15.3%	18.2%	17.1%	17.8%	17.6%	14.4%	13.6%	8.2%	10.1%	13.7%	13.5%	13.3%	10.8%
Asset turnover	1.80	1.80	1.52	1.56	1.67	1.66	1.78	1.78	1.61	1.53	1.41	1.40	1.53	1.65	1.61	1.54	1.34	1.19
Current ratio	4.07	4.38	5.39	4.22	5.32	4.42	3.67	3.93	4.04	3.08	3.05	2.43	2.12	2.22	2.41	2.38	1.56	1.53
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	19.0%	18.8%
Interest cover (operating income ÷ interest)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	135.4x	—
Effective tax rate	34.4%	34.1%	34.6%	32.5%	34.1%	34.2%	34.1%	34.3%	22.3%	23.0%	23.5%	23.4%	20.3%	22.3%	22.8%	21.6%	20.8%	21.0%
SG&A as % of revenue	8.9%	8.8%	8.3%	9.0%	9.1%	9.3%	9.7%	10.5%	10.6%	11.5%	13.6%	14.0%	12.7%	12.2%	11.7%	12.1%	13.2%	13.8%
Capital spending as % of revenue	1.2%	3.2%	1.7%	2.4%	1.5%	1.7%	1.4%	2.2%	2.5%	5.4%	6.2%	6.0%	7.9%	4.9%	3.6%	3.0%	4.0%	4.2%
Free cash flow ÷ net income	82.5%	105.4%	110.7%	98.4%	150.9%	112.6%	106.1%	103.5%	95.8%	84.2%	64.3%	60.6%	−33.7%	122.0%	116.0%	121.6%	107.6%	106.7%
Dividends ÷ net income	29.1%	33.6%	40.1%	163.0%	62.7%	49.0%	156.5%	51.1%	47.7%	46.6%	55.2%	57.1%	96.8%	83.0%	61.7%	61.8%	56.8%	63.2%
Dividends and buybacks ÷ free cash flow	39.9%	70.3%	44.1%	166.2%	44.3%	44.0%	147.6%	50.1%	50.6%	61.2%	92.0%	104.0%	—	74.8%	57.4%	54.8%	70.4%	81.4%

US$ thousands unless shown otherwise. Fiscal quarters.

Marzetti Co: financial ratios, quarterly
Quarter	2025 Q2Dec 2024	2025 Q3Mar 2025	2025 Q4Jun 2025	2026 Q1Sept 2025	2026 Q2Dec 2025	2026 Q3Mar 2026	2026 Q4Jun 2026	2027 Q1Sept 2026
Gross margin	26.1%	23.1%	22.3%	24.1%	26.5%	23.6%	24.5%	23.0%
Operating margin	14.9%	10.9%	8.2%	12.0%	14.5%	10.3%	12.4%	8.6%
Net margin	9.6%	9.0%	6.8%	9.6%	11.4%	8.2%	10.4%	6.1%
Free-cash-flow margin	19.0%	6.7%	15.5%	10.9%	13.7%	10.9%	6.9%	6.9%
Current ratio	2.88	2.36	2.38	2.48	2.72	2.58	1.56	1.53
Debt to equity	—	—	0.0%	—	—	0.0%	18.9%	18.7%
SG&A as % of revenue	11.2%	12.3%	13.1%	11.8%	11.7%	13.6%	16.0%	14.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

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Figures from Marzetti Co's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Marzetti Co.