MZTINasdaqCanned, Frozen & Preservd Fruit, Veg & Food SpecialtiesFiscal year ends June 30
MARZETTI CO
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Aug 25, 2026
$104.86+0.39 (+0.37%)
Close on Oct 19, 2026
- Market cap
- $2.87B
- P/E (TTM)
- 15.0
- Dividend yield
- 3.77%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
24.7%−1.6 pts over 5 years
Operating margin
12.4%−0.3 pts over 5 years
Net margin
9.9%+0.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.1% | +1.9% | +5.6% | +4.9% | |
| Gross profit | +4.7% | +7.1% | +4.3% | +4.8% | |
| Operating income | +8.3% | +19.0% | +5.1% | +2.6% | |
| Net income | +14.5% | +19.9% | +6.1% | +4.6% | |
| EPS, diluted | +15.0% | +20.0% | +6.2% | +4.6% | |
| Free cash flow | +1.3% | +14.9% | +19.0% | +4.8% | |
| Dividend per share | +5.3% | +5.6% | +6.0% | -5.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 21.2% | 17.5% | 18.7% | |
| Return on assets | 17.1% | 13.6% | 13.3% | |
| Current ratio | 3.93 | 2.43 | 1.56 | |
| Debt to equity | – | – | 0.19 | |
| Net debt to EBITDA | – | – | 0.56× | |
| Inventory turnover | 11.6× | 10.4× | 7.8× | |
| Capex to revenue | 2.2% | 6.0% | 4.0% | |
| Diluted shares | 27M | 28M | 27M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Marzetti generated $1.12B from operations and spent $983.40M on capital expenditure, dividends and share buybacks. 43% of that went back into the business.
Generated
$1.12B
Used
$983.40M
Capital expenditure$425.41M43%Dividends$489.33M50%Share buybacks$68.67M7%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.9%
×Asset turnover1.34×
×Equity multiplier1.40×
=Return on equity, FY202618.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 9.9% | 1.34× | 1.40× | 18.7% |
| FY2025 | 8.8% | 1.54× | 1.29× | 17.4% |
| FY2024 | 8.5% | 1.61× | 1.30× | 17.7% |
| FY2023 | 6.1% | 1.65× | 1.29× | 13.0% |
| FY2022 | 5.3% | 1.53× | 1.30× | 10.6% |
| FY2021 | 9.7% | 1.40× | 1.29× | 17.5% |
| FY2020 | 10.3% | 1.41× | 1.26× | 18.1% |
| FY2019 | 11.5% | 1.53× | 1.24× | 21.8% |
| FY2018 | 11.1% | 1.61× | 1.24× | 22.0% |
| FY2017 | 9.6% | 1.78× | 1.24× | 21.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$191.61M
- Cash generatingOperating cash flow above zero$283.82M
- Return on assets improvedROA up on the prior year13.9% → 15.0%
- Earnings backed by cashOperating cash flow above net income$283.82M vs $191.61M
- Less leverageLong-term debt to assets fell0.0% → 11.8%
- Better liquidityCurrent ratio rose2.38 → 1.56
- No dilutionShare count did not rise27M → 27M
- Gross margin improvedGross margin up on the prior year23.87% → 24.73%
- More efficientAsset turnover rose1.58 → 1.51