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Marzetti (MZTI) Financials

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$111.56 -1.09 (-0.97%)
As of 02:56 PM Eastern
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Annual Income Statements for Marzetti

Annual Income Statements for Marzetti

This table shows Marzetti's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 122 115 135 151 137 142 90 111 159 167 192
Consolidated Net Income / (Loss)		 122 115 135 151 137 142 90 111 159 167 192
Net Income / (Loss) Continuing Operations		 122 115 135 151 137 142 90 111 159 167 192
Total Pre-Tax Income 		185 176 174 196 179 186 112 143 206 213 242
Total Operating Income		 185 174 172 191 176 186 112 142 199 220 239
Total Gross Profit		 300 319 304 326 358 387 356 389 432 456 477
Total Revenue		 1,191 1,202 1,223 1,308 1,334 1,467 1,676 1,823 1,872 1,909 1,930
Operating Revenue		 1,191 1,202 1,223 1,308 1,334 1,467 1,676 1,823 1,872 1,909 1,930
Total Cost of Revenue		 891 883 919 982 976 1,080 1,321 1,434 1,439 1,453 1,453
Operating Cost of Revenue		 891 883 919 982 976 1,080 1,321 1,434 1,439 1,453 1,453
Total Operating Expenses		 115 144 132 135 182 201 244 247 233 249 239
Selling, General & Admin Expense		 115 126 130 150 181 205 212 222 218 230 255
Restructuring Charge		 - 0.00 0.00 1.64 0.89 1.20 35 25 15 5.10 -16
Other Special Charges / (Income)		 0.00 19 2.05 -16 0.26 -5.69 -3.47 0.00 0.00 14 0.00
Total Other Income / (Expense), net		 0.06 1.16 2.66 4.62 3.13 -0.11 0.48 1.79 6.15 7.11 3.26
Interest Expense		 - - - - - - - - 0.00 0.00 1.76
Other Income / (Expense), net		 0.06 1.16 2.66 4.62 3.13 -0.11 0.48 1.79 6.15 7.11 5.02
Income Tax Expense		 63 60 39 45 42 43 23 32 47 46 50
Basic Earnings per Share		 $4.45 $4.21 $4.93 $5.48 $4.98 $5.17 $3.26 $4.04 $5.77 $6.08 $6.98
Weighted Average Basic Shares Outstanding		 27.34M 27.38M 27.40M 27.44M 27.45M 27.48M 27.45M 27.46M 27.44M 27.47M 27.39M
Diluted Earnings per Share		 $4.44 $4.20 $4.92 $5.46 $4.97 $5.16 $3.25 $4.04 $5.76 $6.07 $6.98
Weighted Average Diluted Shares Outstanding		 27.37M 27.44M 27.46M 27.54M 27.50M 27.52M 27.47M 27.48M 27.46M 27.49M 27.41M
Weighted Average Basic & Diluted Shares Outstanding		 27.40M 27.40M 27.40M 27.49M 27.52M 27.53M 27.52M 27.53M 27.53M 27.53M 27.29M

Quarterly Income Statements for Marzetti

This table shows Marzetti's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 51 28 35 45 49 41 33 47 59 37 48
Consolidated Net Income / (Loss)		 51 28 35 45 49 41 33 47 59 37 48
Net Income / (Loss) Continuing Operations		 51 28 35 45 49 41 33 47 59 37 48
Total Pre-Tax Income 		67 37 44 58 63 52 41 61 76 48 57
Total Operating Income		 66 35 42 56 76 50 39 59 75 47 58
Total Gross Profit		 121 104 98 111 133 106 106 119 137 107 114
Total Revenue		 486 471 453 467 509 458 475 493 518 453 465
Operating Revenue		 486 471 453 467 509 458 475 493 518 453 465
Total Cost of Revenue		 364 367 355 356 377 352 369 375 381 346 351
Operating Cost of Revenue		 364 367 355 356 377 352 369 375 381 346 351
Total Operating Expenses		 56 69 56 55 71 56 81 60 62 61 56
Selling, General & Admin Expense		 56 57 53 55 57 56 62 58 60 61 74
Restructuring Charge		 - 12 - 0.00 0.00 0.00 - 1.14 1.67 -0.80 -18
Total Other Income / (Expense), net		 1.43 1.75 2.12 2.02 1.54 1.96 16 1.53 1.16 1.74 -1.17
Other Income / (Expense), net		 1.43 1.75 2.12 2.02 1.54 1.96 16 1.53 1.16 1.74 0.59
Income Tax Expense		 16 8.54 8.98 13 14 11 7.98 14 17 11 8.23
Basic Earnings per Share		 $1.87 $1.03 $1.27 $1.62 $1.78 $1.49 $1.19 $1.71 $2.15 $1.35 $1.77
Weighted Average Basic Shares Outstanding		 27.43M 27.44M 27.44M 27.46M 27.48M 27.48M 27.47M 27.46M 27.40M 27.36M 27.39M
Diluted Earnings per Share		 $1.87 $1.03 $1.27 $1.62 $1.78 $1.49 $1.18 $1.71 $2.15 $1.35 $1.77
Weighted Average Diluted Shares Outstanding		 27.44M 27.45M 27.46M 27.48M 27.50M 27.50M 27.49M 27.49M 27.42M 27.38M 27.41M
Weighted Average Basic & Diluted Shares Outstanding		 27.52M 27.53M 27.53M 27.57M 27.57M 27.57M 27.53M 27.49M 27.42M 27.42M 27.29M

Annual Cash Flow Statements for Marzetti

This table details how cash moves in and out of Marzetti's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Change in Cash & Equivalents		 -64 25 63 -9.46 1.99 -10 -128 28 75 -1.97 -136
Net Cash From Operating Activities		 146 146 161 198 171 174 102 226 252 261 284
Net Cash From Continuing Operating Activities		 146 146 161 198 171 174 102 226 252 261 284
Net Income / (Loss) Continuing Operations		 122 115 135 151 137 142 90 111 159 167 192
Consolidated Net Income / (Loss)		 122 115 135 151 137 142 90 111 159 167 192
Depreciation Expense		 24 25 27 32 38 45 46 51 56 62 71
Non-Cash Adjustments To Reconcile Net Income		 3.03 3.38 4.60 6.85 5.58 8.23 41 34 25 28 -7.71
Changes in Operating Assets and Liabilities, net		 -3.04 2.79 -6.09 8.35 -9.76 -21 -75 30 12 3.65 28
Net Cash From Investing Activities		 -17 -61 -31 -127 -83 -89 -132 -91 -67 -148 -470
Net Cash From Continuing Investing Activities		 -17 -61 -31 -127 -83 -89 -132 -91 -67 -148 -470
Purchase of Property, Plant & Equipment		 -17 -27 -31 -71 -83 -88 -132 -90 -68 -58 -78
Acquisitions		 -0.01 -35 -0.32 -55 - - - 0.00 0.00 -79 -399
Sale of Property, Plant & Equipment		 0.00 1.48 0.04 0.17 0.13 0.15 0.37 1.21 6.97 0.00 20
Other Investing Activities, net		 -0.74 0.09 -0.15 -0.79 -0.75 -1.26 -0.64 -1.81 -6.83 -11 -13
Net Cash From Financing Activities		 -193 -61 -67 -80 -86 -95 -97 -107 -109 -115 50
Net Cash From Continuing Financing Activities		 -193 -61 -67 -80 -86 -95 -97 -107 -109 -115 50
Repayment of Debt		 - 0.00 0.00 -0.32 -0.61 - - - 0.00 0.00 -25
Repurchase of Common Equity		 -0.16 -0.87 -1.10 -7.41 -5.46 -8.53 -7.56 -9.20 -7.65 -7.99 -36
Payment of Dividends		 -191 -59 -65 -70 -76 -81 -87 -92 -98 -104 -109
Issuance of Debt		 - - - - - - - - 0.00 0.00 224
Other Financing Activities, net		 -1.90 -0.91 -0.98 -2.36 -3.81 -5.66 -3.02 -5.36 -3.57 -3.76 -4.22

Quarterly Cash Flow Statements for Marzetti

This table details how cash moves in and out of Marzetti's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 60 31 -1.31 -28 68 -79 37 21 19 17 -193
Net Cash From Operating Activities		 106 76 34 20 108 46 88 70 89 71 55
Net Cash From Continuing Operating Activities		 106 76 34 20 108 46 88 70 89 71 55
Net Income / (Loss) Continuing Operations		 51 28 35 45 49 41 33 47 59 37 48
Consolidated Net Income / (Loss)		 51 28 35 45 49 41 33 47 59 37 48
Depreciation Expense		 14 14 14 14 15 16 17 17 18 18 20
Non-Cash Adjustments To Reconcile Net Income		 3.01 16 4.10 2.51 17 1.56 7.61 3.79 2.89 2.43 -17
Changes in Operating Assets and Liabilities, net		 37 17 -19 -42 27 -13 31 1.83 9.12 14 4.02
Net Cash From Investing Activities		 -20 -17 -10 -20 -13 -98 -18 -19 -21 -25 -406
Net Cash From Continuing Investing Activities		 -20 -17 -10 -20 -13 -98 -18 -19 -21 -25 -406
Purchase of Property, Plant & Equipment		 -19 -15 -16 -18 -11 -15 -14 -16 -18 -21 -23
Acquisitions		 - - - - - - - - - - -399
Sale of Property, Plant & Equipment		 - 0.05 6.92 - - - - - - - 20
Other Investing Activities, net		 -1.67 -2.32 -1.43 -2.28 -1.76 -3.68 -3.67 -3.19 -4.03 -3.43 -2.75
Net Cash From Financing Activities		 -25 -28 -25 -28 -27 -27 -33 -30 -48 -29 157
Net Cash From Continuing Financing Activities		 -25 -28 -25 -28 -27 -27 -33 -30 -48 -29 157
Repayment of Debt		 - - - - - - - - - - -24
Repurchase of Common Equity		 -0.04 -0.93 -0.02 -1.44 -0.00 -0.08 -6.47 -1.14 -20 -0.02 -15
Payment of Dividends		 -25 -25 -25 -25 -26 -26 -26 -26 -28 -27 -27
Other Financing Activities, net		 -0.48 -2.09 -0.49 -2.06 -0.55 -0.51 -0.64 -2.57 -0.54 -0.55 -0.56

Annual Balance Sheets for Marzetti

This table presents Marzetti's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Total Assets		 635 716 804 905 993 1,101 1,090 1,113 1,207 1,275 1,605
Total Current Assets		 268 301 379 369 386 423 352 374 444 444 361
Cash & Equivalents		 118 143 206 196 198 188 60 88 163 161 25
Accounts Receivable		 66 70 73 76 87 98 135 115 96 96 105
Inventories, net		 76 76 91 86 85 122 145 158 173 169 205
Other Current Assets		 7.64 12 9.30 11 16 16 11 13 12 17 25
Plant, Property, & Equipment, net		 170 181 191 247 293 365 451 482 478 535 552
Plant, Property & Equipment, gross		 380 397 426 503 575 676 786 854 878 968 1,029
Accumulated Depreciation		 211 217 235 256 282 312 334 372 400 433 477
Total Noncurrent Assets		 197 235 235 290 314 313 287 256 285 297 693
Goodwill		 144 168 168 208 208 208 208 208 208 223 500
Intangible Assets		 45 60 56 70 65 59 32 4.84 - 0.00 125
Other Noncurrent Operating Assets		 8.66 6.40 11 11 41 46 47 43 77 74 67
Total Liabilities & Shareholders' Equity		 635 716 804 905 993 1,101 1,090 1,113 1,207 1,275 1,605
Total Liabilities		 121 140 152 179 210 258 246 251 281 276 552
Total Current Liabilities		 73 77 94 120 126 174 166 169 184 186 232
Short-Term Debt		 - - - - - - - - - 0.00 10
Accounts Payable		 40 41 58 77 71 110 115 112 119 118 157
Accrued Expenses		 33 35 36 43 55 64 51 57 65 68 65
Total Noncurrent Liabilities		 48 64 58 59 84 84 80 82 97 90 320
Long-Term Debt		 - - - - - - - - - 0.00 189
Noncurrent Deferred & Payable Income Tax Liabilities		 21 25 17 23 34 39 39 47 37 34 77
Other Noncurrent Operating Liabilities		 27 39 42 36 50 46 41 35 60 56 54
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 514 576 652 727 783 843 845 862 926 998 1,053
Total Preferred & Common Equity		 514 576 652 727 783 843 845 862 926 998 1,053
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 514 576 652 727 783 843 845 862 926 998 1,053
Common Stock		 111 115 119 123 125 129 138 144 154 161 169
Retained Earnings		 1,150 1,207 1,279 1,360 1,421 1,482 1,485 1,504 1,565 1,628 1,711
Treasury Stock		 -736 -737 -738 -745 -751 -759 -767 -776 -784 -792 -828
Accumulated Other Comprehensive Income / (Loss)		 -11 -8.94 -8.26 -10 -12 -8.25 -11 -9.37 -8.64 0.96 0.96

Quarterly Balance Sheets for Marzetti

This table presents Marzetti's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Total Assets		 1,137 1,158 1,130 1,149 1,172 1,216 1,240 1,277 1,338 1,329 1,356
Total Current Assets		 374 392 386 405 441 453 481 440 499 491 514
Cash & Equivalents		 95 83 74 134 165 135 203 125 182 202 218
Accounts Receivable		 127 131 120 100 103 102 99 107 102 104 98
Inventories, net		 139 155 178 158 161 194 167 191 174 163 175
Other Current Assets		 12 23 15 13 12 22 12 17 41 23 22
Plant, Property, & Equipment, net		 481 485 489 490 484 480 479 538 542 541 546
Plant, Property & Equipment, gross		 834 847 871 880 874 893 897 970 991 993 1,011
Accumulated Depreciation		 353 362 382 389 390 413 418 432 449 452 465
Total Noncurrent Assets		 282 281 255 253 248 283 280 299 297 297 296
Goodwill		 208 208 208 208 208 208 208 223 223 223 223
Other Noncurrent Operating Assets		 43 42 42 40 39 75 72 76 75 74 73
Total Liabilities & Shareholders' Equity		 1,137 1,158 1,130 1,149 1,172 1,216 1,240 1,277 1,338 1,329 1,356
Total Liabilities		 258 285 252 241 259 271 260 280 320 296 311
Total Current Liabilities		 180 196 167 163 190 173 167 186 201 181 199
Accounts Payable		 132 138 120 104 121 109 105 121 135 123 135
Accrued Expenses		 48 58 47 59 69 64 63 65 66 57 64
Total Noncurrent Liabilities		 77 88 84 77 69 98 93 94 118 115 112
Noncurrent Deferred & Payable Income Tax Liabilities		 40 52 53 48 43 42 37 38 56 55 54
Other Noncurrent Operating Liabilities		 37 36 32 29 27 56 55 56 62 60 58
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 880 873 879 908 913 945 980 996 1,019 1,033 1,045
Total Preferred & Common Equity		 880 873 879 908 913 945 980 996 1,019 1,033 1,045
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 880 873 879 908 913 945 980 996 1,019 1,033 1,045
Common Stock		 141 142 146 149 151 154 157 158 161 164 167
Retained Earnings		 1,517 1,518 1,524 1,551 1,555 1,584 1,607 1,622 1,649 1,681 1,690
Treasury Stock		 -767 -776 -783 -783 -784 -785 -785 -785 -793 -813 -813
Accumulated Other Comprehensive Income / (Loss)		 -11 -11 -9.29 -9.21 -9.14 -8.57 1.01 0.96 0.95 0.93 0.92

Annual Metrics And Ratios for Marzetti

This table displays calculated financial ratios and metrics derived from Marzetti's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - - 27,422,000.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 27,422,000.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 6.99
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.84% 0.90% 1.75% 6.94% 2.03% 9.94% 14.27% 8.72% 2.70% 2.00% 1.08%
EBITDA Growth		 18.85% -4.00% 0.34% 13.07% -4.55% 6.09% -31.26% 22.90% 34.40% 10.78% 8.83%
EBIT Growth		 19.46% -4.94% -0.75% 12.25% -8.42% 3.72% -39.49% 27.50% 43.42% 10.66% 7.17%
NOPAT Growth		 19.47% -5.89% 16.33% 10.31% -8.44% 5.81% -37.36% 23.19% 40.01% 12.25% 9.44%
Net Income Growth		 19.75% -5.30% 17.34% 11.26% -9.01% 3.90% -37.06% 24.22% 42.53% 5.51% 14.50%
EPS Growth		 19.35% -5.41% 17.14% 10.98% -8.97% 3.82% -37.02% 24.31% 42.57% 5.38% 14.99%
Operating Cash Flow Growth		 9.89% 0.33% 9.79% 22.95% -13.58% 2.00% -41.55% 121.88% 11.36% 3.95% 8.54%
Free Cash Flow Firm Growth		 517.46% -38.20% 54.92% -47.37% 27.34% -9.73% -155.43% 400.47% 37.20% -40.71% -305.33%
Invested Capital Growth		 -0.80% 9.44% 3.16% 18.82% 10.26% 11.98% 19.74% -1.35% -1.48% 9.80% 46.63%
Revenue Q/Q Growth		 0.57% 0.45% 1.52% 1.20% -0.21% 4.61% 4.15% 0.12% -0.10% 1.20% -0.54%
EBITDA Q/Q Growth		 3.88% -1.55% 0.65% 1.17% -1.30% 0.99% -4.48% -8.65% 13.36% 4.99% 6.89%
EBIT Q/Q Growth		 4.50% -2.06% 0.49% 0.23% -2.18% 0.33% -5.82% -13.04% 18.01% 4.92% 7.87%
NOPAT Q/Q Growth		 4.23% -2.21% 2.77% 0.49% -1.46% 1.03% -3.15% -15.68% 19.15% -1.07% 10.44%
Net Income Q/Q Growth		 4.32% -1.81% 2.97% 0.42% -1.88% 0.95% -2.91% -15.16% 19.30% -1.36% 8.96%
EPS Q/Q Growth		 4.23% -2.10% 3.14% 0.37% -1.97% 0.78% -2.40% -15.13% 19.25% -1.46% 9.23%
Operating Cash Flow Q/Q Growth		 6.67% -4.04% 3.01% 5.50% -1.47% -8.48% 8.15% -0.62% -2.95% 26.07% -10.42%
Free Cash Flow Firm Q/Q Growth		 3.52% -11.04% 0.88% -1.96% 16.64% -37.88% 32.53% 8.03% -3.52% 92.19% -192.97%
Invested Capital Q/Q Growth		 -2.12% -0.36% 0.22% 0.56% -1.76% 5.66% 1.67% -2.09% 1.90% -3.98% 48.52%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 25.16% 26.52% 24.82% 24.94% 26.83% 26.36% 21.22% 21.32% 23.10% 23.87% 24.73%
EBITDA Margin		 17.53% 16.68% 16.44% 17.39% 16.27% 15.69% 9.44% 10.67% 13.97% 15.17% 16.33%
Operating Margin		 15.50% 14.51% 14.03% 14.60% 13.19% 12.67% 6.68% 7.76% 10.65% 11.54% 12.37%
EBIT Margin		 15.50% 14.60% 14.24% 14.95% 13.42% 12.66% 6.70% 7.86% 10.98% 11.91% 12.63%
Profit (Net Income) Margin		 10.22% 9.59% 11.06% 11.51% 10.27% 9.70% 5.34% 6.11% 8.47% 8.77% 9.93%
Tax Burden Percent		 65.95% 65.70% 77.68% 76.99% 76.49% 76.63% 79.71% 77.66% 77.18% 78.40% 79.19%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 93.86% 99.28%
Effective Tax Rate		 34.05% 34.30% 22.32% 23.01% 23.51% 23.37% 20.29% 22.34% 22.82% 21.60% 20.81%
Return on Invested Capital (ROIC)		 30.65% 27.66% 30.31% 30.09% 24.13% 22.97% 12.39% 14.11% 20.03% 21.60% 18.31%
ROIC Less NNEP Spread (ROIC-NNEP)		 30.62% 27.07% 29.12% 28.32% 22.92% 23.01% 12.09% 12.24% 16.26% 24.91% 58.94%
Return on Net Nonoperating Assets (RNNOA)		 -8.40% -6.49% -8.27% -8.26% -5.99% -5.47% -1.78% -1.07% -2.29% -4.21% 0.37%
Return on Equity (ROE)		 22.25% 21.17% 22.03% 21.83% 18.14% 17.50% 10.62% 13.04% 17.74% 17.39% 18.68%
Cash Return on Invested Capital (CROIC)		 31.46% 18.64% 27.20% 12.88% 14.37% 11.67% -5.57% 15.47% 21.53% 12.26% -19.50%
Operating Return on Assets (OROA)		 27.62% 25.98% 22.91% 22.87% 18.86% 17.74% 10.26% 13.01% 17.72% 18.33% 16.93%
Return on Assets (ROA)		 18.22% 17.07% 17.79% 17.61% 14.43% 13.59% 8.18% 10.10% 13.67% 13.49% 13.31%
Return on Common Equity (ROCE)		 22.25% 21.17% 22.03% 21.83% 18.14% 17.50% 10.62% 13.04% 17.74% 17.39% 18.68%
Return on Equity Simple (ROE_SIMPLE)		 23.71% 20.02% 20.74% 20.71% 17.49% 16.88% 10.61% 12.91% 17.13% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 122 115 133 147 135 142 89 110 154 173 189
NOPAT Margin		 10.22% 9.53% 10.90% 11.24% 10.09% 9.71% 5.32% 6.03% 8.22% 9.05% 9.80%
Net Nonoperating Expense Percent (NNEP)		 0.03% 0.58% 1.18% 1.77% 1.21% -0.04% 0.31% 1.87% 3.77% -3.31% -40.63%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 17.30% 15.09%
Cost of Revenue to Revenue		 74.84% 73.48% 75.18% 75.06% 73.17% 73.64% 78.78% 78.68% 76.90% 76.13% 75.27%
SG&A Expenses to Revenue		 9.66% 10.45% 10.62% 11.46% 13.56% 14.00% 12.65% 12.19% 11.65% 12.06% 13.19%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 9.66% 12.02% 10.79% 10.34% 13.65% 13.69% 14.54% 13.56% 12.44% 13.06% 12.36%
Earnings before Interest and Taxes (EBIT)		 185 176 174 196 179 186 112 143 206 227 244
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 209 200 201 227 217 230 158 195 261 290 315
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.90 5.14 5.23 5.13 5.05 5.96 4.04 6.29 5.62 4.77 2.97
Price to Tangible Book Value (P/TBV)		 9.32 8.52 7.97 8.31 7.76 8.73 5.65 8.36 7.25 6.14 7.33
Price to Revenue (P/Rev)		 2.54 2.47 2.79 2.85 2.97 3.43 2.04 2.98 2.78 2.49 1.62
Price to Earnings (P/E)		 24.88 25.69 25.21 24.75 28.89 35.32 38.11 48.75 32.80 28.46 16.34
Dividend Yield		 5.84% 1.99% 1.89% 1.88% 1.91% 1.62% 2.54% 1.70% 1.88% 2.17% 3.46%
Earnings Yield		 4.02% 3.89% 3.97% 4.04% 3.46% 2.83% 2.62% 2.05% 3.05% 3.51% 6.12%
Enterprise Value to Invested Capital (EV/IC)		 7.36 6.51 7.18 6.65 6.42 7.39 4.28 6.90 6.61 5.50 2.69
Enterprise Value to Revenue (EV/Rev)		 2.44 2.35 2.62 2.70 2.82 3.30 2.00 2.93 2.69 2.41 1.71
Enterprise Value to EBITDA (EV/EBITDA)		 13.95 14.07 15.94 15.52 17.32 21.02 21.19 27.44 19.27 15.89 10.49
Enterprise Value to EBIT (EV/EBIT)		 15.77 16.06 18.40 18.05 20.99 26.05 29.84 37.25 24.52 20.23 13.56
Enterprise Value to NOPAT (EV/NOPAT)		 23.92 24.61 24.06 24.01 27.93 33.98 37.60 48.57 32.75 26.64 17.48
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.96 19.26 19.95 17.86 22.01 27.78 32.94 23.63 20.03 17.60 11.64
Enterprise Value to Free Cash Flow (EV/FCFF)		 23.31 36.53 26.81 56.08 46.90 66.89 0.00 44.29 30.47 46.94 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.19
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18
Financial Leverage		 -0.27 -0.24 -0.28 -0.29 -0.26 -0.24 -0.15 -0.09 -0.14 -0.17 0.01
Leverage Ratio		 1.22 1.24 1.24 1.24 1.26 1.29 1.30 1.29 1.30 1.29 1.40
Compound Leverage Factor		 1.22 1.24 1.24 1.24 1.26 1.29 1.30 1.29 1.30 1.21 1.39
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.91%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.80%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.11%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 84.09%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.63
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.55
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.60
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.05
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.92
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00
Altman Z-Score		 20.75 17.88 18.34 17.11 15.56 15.73 12.33 17.16 15.29 14.46 6.70
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.67 3.93 4.04 3.08 3.05 2.43 2.12 2.22 2.41 2.38 1.56
Quick Ratio		 2.52 2.78 2.97 2.27 2.26 1.64 1.18 1.21 1.41 1.38 0.56
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 125 77 120 63 80 72 -40 121 165 98 -201
Operating Cash Flow to CapEx		 875.19% 573.38% 518.65% 279.44% 206.96% 198.59% 77.36% 253.91% 415.06% 450.86% 494.82%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -114.17
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 160.98
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 128.45
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.78 1.78 1.61 1.53 1.41 1.40 1.53 1.65 1.61 1.54 1.34
Accounts Receivable Turnover		 18.55 17.68 17.12 17.60 16.44 15.90 14.37 14.55 17.78 19.95 19.17
Inventory Turnover		 11.58 11.58 11.00 11.10 11.41 10.44 9.91 9.47 8.68 8.49 7.76
Fixed Asset Turnover		 6.97 6.86 6.58 5.97 4.94 4.46 4.11 3.90 3.90 3.77 3.55
Accounts Payable Turnover		 22.64 21.73 18.51 14.58 13.18 11.89 11.72 12.65 12.49 12.28 10.57
Days Sales Outstanding (DSO)		 19.68 20.64 21.32 20.74 22.20 22.95 25.41 25.08 20.53 18.29 19.04
Days Inventory Outstanding (DIO)		 31.53 31.51 33.20 32.90 31.99 34.96 36.84 38.56 42.03 43.01 47.04
Days Payable Outstanding (DPO)		 16.12 16.80 19.72 25.03 27.68 30.71 31.14 28.86 29.23 29.73 34.52
Cash Conversion Cycle (CCC)		 35.08 35.35 34.80 28.61 26.50 27.20 31.11 34.78 33.33 31.58 31.55
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 396 433 447 531 585 655 784 774 762 837 1,227
Invested Capital Turnover		 3.00 2.90 2.78 2.68 2.39 2.37 2.33 2.34 2.44 2.39 1.87
Increase / (Decrease) in Invested Capital		 -3.20 37 14 84 54 70 129 -11 -11 75 390
Enterprise Value (EV)		 2,912 2,820 3,206 3,530 3,759 4,839 3,354 5,337 5,038 4,602 3,305
Market Capitalization		 3,030 2,963 3,412 3,726 3,957 5,027 3,414 5,426 5,202 4,763 3,130
Book Value per Share		 $18.74 $20.99 $23.74 $26.43 $28.47 $30.61 $30.69 $31.33 $33.63 $36.22 $38.41
Tangible Book Value per Share		 $11.86 $12.67 $15.58 $16.30 $18.52 $20.91 $21.95 $23.58 $26.06 $28.14 $15.58
Total Capital		 514 576 652 727 783 843 845 862 926 998 1,252
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 199
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 189
Net Debt		 -118 -143 -206 -196 -198 -188 -60 -88 -163 -161 174
Capital Expenditures (CapEx)		 17 26 31 71 83 88 132 89 61 58 57
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 77 81 79 53 61 62 126 117 97 96 114
Debt-free Net Working Capital (DFNWC)		 195 225 285 249 259 250 186 206 260 257 139
Net Working Capital (NWC)		 195 225 285 249 259 250 186 206 260 257 129
Net Nonoperating Expense (NNE)		 -0.04 -0.76 -2.06 -3.56 -2.39 0.08 -0.38 -1.39 -4.75 5.37 -2.58
Net Nonoperating Obligations (NNO)		 -118 -143 -206 -196 -198 -188 -60 -88 -163 -161 174
Total Depreciation and Amortization (D&A)		 24 25 27 32 38 45 46 51 56 62 71
Debt-free, Cash-free Net Working Capital to Revenue		 6.44% 6.77% 6.49% 4.02% 4.58% 4.19% 7.51% 6.43% 5.16% 5.02% 5.92%
Debt-free Net Working Capital to Revenue		 16.36% 18.68% 23.31% 19.03% 19.44% 17.01% 11.11% 11.29% 13.89% 13.48% 7.22%
Net Working Capital to Revenue		 16.36% 18.68% 23.31% 19.03% 19.44% 17.01% 11.11% 11.29% 13.89% 13.48% 6.71%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.45 $4.21 $4.93 $5.48 $4.98 $5.17 $3.26 $4.04 $5.77 $6.08 $6.98
Adjusted Weighted Average Basic Shares Outstanding		 27.34M 27.38M 27.40M 27.44M 27.45M 27.48M 27.45M 27.46M 27.44M 27.47M 27.39M
Adjusted Diluted Earnings per Share		 $4.44 $4.20 $4.92 $5.46 $4.97 $5.16 $3.25 $4.04 $5.76 $6.07 $6.98
Adjusted Weighted Average Diluted Shares Outstanding		 27.37M 27.44M 27.46M 27.54M 27.50M 27.52M 27.47M 27.48M 27.46M 27.49M 27.41M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 27.42M 27.45M 27.49M 27.49M 27.52M 27.53M 27.52M 27.53M 27.53M 27.53M 27.29M
Normalized Net Operating Profit after Tax (NOPAT)		 122 127 135 136 135 139 114 129 165 188 176
Normalized NOPAT Margin		 10.22% 10.56% 11.03% 10.38% 10.15% 9.47% 6.83% 7.09% 8.83% 9.83% 9.14%
Pre Tax Income Margin		 15.50% 14.60% 14.24% 14.95% 13.42% 12.66% 6.70% 7.86% 10.98% 11.18% 12.54%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 138.25
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 107.22
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 105.72
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 74.68
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 156.49% 51.15% 47.69% 46.57% 55.22% 57.07% 96.85% 83.00% 61.74% 61.85% 56.76%
Augmented Payout Ratio		 156.62% 51.90% 48.50% 51.49% 59.21% 63.07% 105.29% 91.27% 66.56% 66.63% 75.69%

Quarterly Metrics And Ratios for Marzetti

This table displays calculated financial ratios and metrics derived from Marzetti's official financial filings.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 27,423,000.00 27,422,000.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 27,423,000.00 27,422,000.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.35 1.76
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.79% 1.40% -0.40% 1.08% 4.81% -2.89% 4.99% 5.77% 1.70% -0.98% -2.19%
EBITDA Growth		 27.51% 17.39% 114.17% 1.43% -3.49% 31.65% 23.83% 7.28% 1.77% -2.41% 35.26%
EBIT Growth		 29.68% 22.92% 251.92% 0.44% -5.87% 40.50% 24.35% 5.02% -1.11% -6.79% 43.88%
NOPAT Growth		 27.24% 12.26% 292.25% -0.36% 16.33% 46.52% -5.71% 6.61% -0.75% -9.73% 57.73%
Net Income Growth		 28.80% 15.46% 279.97% 1.71% -4.84% 45.06% -6.60% 5.55% 20.59% -9.89% 48.45%
EPS Growth		 28.97% 15.73% 273.53% 1.89% -4.81% 44.66% -7.09% 5.56% 20.79% -9.40% 50.00%
Operating Cash Flow Growth		 18.23% 73.71% -18.33% -44.15% 1.61% -39.67% 158.60% 249.44% -17.66% 53.97% -37.45%
Free Cash Flow Firm Growth		 817.19% 1,213.13% 134.04% 5.65% -6.12% -221.36% -197.39% -49.26% -93.37% 196.47% -685.02%
Invested Capital Growth		 -1.22% -5.34% -1.48% 0.62% 0.30% 16.52% 9.80% 3.29% 7.01% -5.20% 46.63%
Revenue Q/Q Growth		 5.27% -2.98% -3.95% 3.03% 9.16% -10.11% 3.84% 3.80% 4.96% -12.47% 2.57%
EBITDA Q/Q Growth		 13.88% -36.80% 12.78% 24.96% 8.37% -13.79% 6.08% 8.25% 21.14% -29.85% 18.34%
EBIT Q/Q Growth		 16.57% -45.08% 18.75% 32.12% 9.24% -18.02% 5.09% 11.59% 25.59% -36.71% 20.63%
NOPAT Q/Q Growth		 16.39% -46.41% 22.71% 30.18% 35.88% -32.50% -21.03% 47.19% 26.50% -38.61% 37.99%
Net Income Q/Q Growth		 17.14% -44.93% 22.85% 28.35% 9.60% -16.06% -20.90% 45.05% 25.22% -37.28% 30.32%
EPS Q/Q Growth		 17.61% -44.92% 23.30% 27.56% 9.88% -16.29% -20.81% 44.92% 25.73% -37.21% 31.11%
Operating Cash Flow Q/Q Growth		 197.37% -28.30% -55.09% -41.66% 441.01% -57.44% 92.50% -21.17% 27.49% -20.41% -21.79%
Free Cash Flow Firm Q/Q Growth		 66.01% 15.43% -35.57% -14.43% 47.52% -249.22% 48.30% 144.59% -80.73% 2,071.47% -520.71%
Invested Capital Q/Q Growth		 -3.79% -3.41% 1.90% 6.25% -4.10% 12.22% -3.98% -0.05% -0.64% -0.59% 48.52%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 25.00% 22.16% 21.56% 23.75% 26.07% 23.14% 22.32% 24.08% 26.50% 23.65% 24.51%
EBITDA Margin		 16.69% 10.87% 12.77% 15.48% 15.37% 14.74% 15.06% 15.70% 18.13% 14.53% 16.76%
Operating Margin		 13.53% 7.45% 9.21% 11.97% 14.86% 10.89% 8.19% 12.01% 14.52% 10.27% 12.41%
EBIT Margin		 13.83% 7.83% 9.67% 12.41% 12.42% 11.32% 11.46% 12.32% 14.74% 10.66% 12.53%
Profit (Net Income) Margin		 10.60% 6.01% 7.69% 9.58% 9.62% 8.98% 6.84% 9.56% 11.41% 8.17% 10.38%
Tax Burden Percent		 76.64% 76.84% 79.50% 77.23% 77.48% 79.33% 80.30% 77.62% 77.39% 76.69% 85.44%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 74.36% 100.00% 100.00% 100.00% 96.98%
Effective Tax Rate		 23.36% 23.16% 20.50% 22.77% 22.52% 20.67% 19.70% 22.38% 22.61% 23.31% 14.56%
Return on Invested Capital (ROIC)		 24.85% 13.95% 17.84% 21.49% 28.20% 20.13% 15.69% 21.92% 27.17% 18.01% 19.82%
ROIC Less NNEP Spread (ROIC-NNEP)		 23.89% 12.87% 16.50% 20.00% 33.91% 19.06% 14.90% 21.17% 26.73% 17.23% 4.09%
Return on Net Nonoperating Assets (RNNOA)		 -3.07% -1.78% -2.32% -2.29% -6.05% -2.89% -2.52% -3.42% -5.37% -2.90% 0.03%
Return on Equity (ROE)		 21.78% 12.17% 15.51% 19.20% 22.15% 17.24% 13.18% 18.50% 21.80% 15.11% 19.84%
Cash Return on Invested Capital (CROIC)		 17.42% 22.28% 21.53% 18.42% 20.58% 6.30% 12.26% 18.09% 15.00% 25.50% -19.50%
Operating Return on Assets (OROA)		 22.58% 12.59% 15.61% 19.85% 19.75% 17.45% 17.63% 18.67% 22.32% 15.71% 16.80%
Return on Assets (ROA)		 17.31% 9.67% 12.41% 15.33% 15.30% 13.84% 10.53% 14.49% 17.27% 12.05% 13.92%
Return on Common Equity (ROCE)		 21.78% 12.17% 15.51% 19.20% 22.15% 17.24% 13.18% 18.50% 21.80% 15.11% 19.84%
Return on Equity Simple (ROE_SIMPLE)		 14.22% 14.56% 0.00% 16.86% 16.01% 17.03% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 50 27 33 43 59 40 31 46 58 36 49
NOPAT Margin		 10.37% 5.73% 7.32% 9.25% 11.51% 8.64% 6.57% 9.32% 11.23% 7.88% 10.60%
Net Nonoperating Expense Percent (NNEP)		 0.95% 1.08% 1.34% 1.49% -5.72% 1.07% 0.79% 0.75% 0.44% 0.78% 15.72%
Return On Investment Capital (ROIC_SIMPLE)		 5.55% - - - 5.98% 3.97% 3.13% 4.51% 5.63% 3.42% 3.94%
Cost of Revenue to Revenue		 75.00% 77.84% 78.44% 76.25% 73.93% 76.86% 77.68% 75.92% 73.50% 76.35% 75.49%
SG&A Expenses to Revenue		 11.47% 12.14% 11.75% 11.78% 11.21% 12.25% 13.06% 11.84% 11.66% 13.55% 15.99%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 11.47% 14.71% 12.35% 11.78% 11.21% 12.25% 17.07% 12.07% 11.98% 13.38% 12.11%
Earnings before Interest and Taxes (EBIT)		 67 37 44 58 63 52 54 61 76 48 58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 81 51 58 72 78 67 72 77 94 66 78
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.94 6.23 5.62 5.14 4.87 4.84 4.77 4.67 4.38 3.63 2.97
Price to Tangible Book Value (P/TBV)		 6.46 8.07 7.25 6.60 6.19 6.24 6.14 5.98 5.58 4.61 7.33
Price to Revenue (P/Rev)		 2.41 3.04 2.78 2.59 2.51 2.56 2.49 2.46 2.32 1.96 1.62
Price to Earnings (P/E)		 34.77 42.77 32.80 30.50 30.42 28.44 28.46 28.01 25.12 21.57 16.34
Dividend Yield		 2.11% 1.69% 1.88% 2.04% 2.11% 2.11% 2.17% 2.20% 2.34% 2.82% 3.46%
Earnings Yield		 2.88% 2.34% 3.05% 3.28% 3.29% 3.52% 3.51% 3.57% 3.98% 4.64% 6.12%
Enterprise Value to Invested Capital (EV/IC)		 5.63 7.38 6.61 5.83 5.88 5.39 5.50 5.47 5.19 4.33 2.69
Enterprise Value to Revenue (EV/Rev)		 2.33 2.95 2.69 2.52 2.40 2.49 2.41 2.36 2.22 1.84 1.71
Enterprise Value to EBITDA (EV/EBITDA)		 19.54 23.95 19.27 18.01 17.60 17.04 15.89 15.52 14.56 12.12 10.49
Enterprise Value to EBIT (EV/EBIT)		 26.04 31.71 24.52 22.96 22.64 21.69 20.23 19.86 18.82 15.82 13.56
Enterprise Value to NOPAT (EV/NOPAT)		 34.53 42.76 32.75 30.74 28.22 26.92 26.64 26.06 24.67 20.89 17.48
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.19 21.30 20.03 20.04 19.24 22.66 17.60 14.71 14.78 11.28 11.64
Enterprise Value to Free Cash Flow (EV/FCFF)		 32.09 32.23 30.47 31.77 28.62 92.16 46.94 30.71 35.81 16.51 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.19
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18
Financial Leverage		 -0.13 -0.14 -0.14 -0.11 -0.18 -0.15 -0.17 -0.16 -0.20 -0.17 0.01
Leverage Ratio		 1.28 1.30 1.30 1.29 1.27 1.28 1.29 1.30 1.28 1.29 1.40
Compound Leverage Factor		 1.28 1.30 1.30 1.29 1.27 1.28 0.96 1.30 1.28 1.29 1.36
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.91%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.80%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.11%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 84.09%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.63
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.55
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.60
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.05
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.92
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00
Altman Z-Score		 15.16 16.98 14.84 14.55 14.83 13.95 14.02 12.52 12.86 10.88 6.32
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.48 2.32 2.41 2.61 2.88 2.36 2.38 2.48 2.72 2.58 1.56
Quick Ratio		 1.43 1.41 1.41 1.37 1.81 1.24 1.38 1.41 1.69 1.59 0.56
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 60 69 45 38 56 -84 -43 19 3.73 81 -341
Operating Cash Flow to CapEx		 563.19% 512.29% 394.25% 112.80% 976.13% 304.26% 617.28% 444.81% 501.45% 331.52% 1,581.39%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.63 1.61 1.61 1.60 1.59 1.54 1.54 1.52 1.51 1.47 1.34
Accounts Receivable Turnover		 16.44 16.07 17.78 16.94 19.06 18.01 19.95 19.05 19.17 18.91 19.17
Inventory Turnover		 9.74 9.15 8.68 7.77 8.94 8.17 8.49 8.01 8.96 8.03 7.76
Fixed Asset Turnover		 3.84 3.87 3.90 3.87 3.92 3.69 3.77 3.79 3.82 3.58 3.55
Accounts Payable Turnover		 12.29 11.16 12.49 12.57 13.94 11.92 12.28 12.03 12.96 11.51 10.57
Days Sales Outstanding (DSO)		 22.20 22.71 20.53 21.55 19.15 20.27 18.29 19.16 19.04 19.30 19.04
Days Inventory Outstanding (DIO)		 37.47 39.87 42.03 47.00 40.83 44.66 43.01 45.58 40.76 45.46 47.04
Days Payable Outstanding (DPO)		 29.69 32.69 29.23 29.05 26.18 30.63 29.73 30.33 28.17 31.72 34.52
Cash Conversion Cycle (CCC)		 29.98 29.89 33.33 39.50 33.79 34.29 31.58 34.41 31.64 33.04 31.55
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 774 748 762 810 777 872 837 837 831 826 1,227
Invested Capital Turnover		 2.40 2.44 2.44 2.32 2.45 2.33 2.39 2.35 2.42 2.29 1.87
Increase / (Decrease) in Invested Capital		 -9.59 -42 -11 4.97 2.32 124 75 27 54 -45 390
Enterprise Value (EV)		 4,357 5,522 5,038 4,725 4,570 4,701 4,602 4,575 4,318 3,575 3,305
Market Capitalization		 4,490 5,687 5,202 4,860 4,773 4,825 4,763 4,758 4,519 3,793 3,130
Book Value per Share		 $33.01 $33.17 $33.63 $34.33 $35.55 $36.13 $36.22 $37.00 $37.58 $38.10 $38.41
Tangible Book Value per Share		 $25.27 $25.60 $26.06 $26.76 $27.99 $28.03 $28.14 $28.91 $29.47 $29.98 $15.58
Total Capital		 908 913 926 945 980 996 998 1,019 1,033 1,045 1,252
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 199
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 189
Net Debt		 -134 -165 -163 -135 -203 -125 -161 -182 -202 -218 174
Capital Expenditures (CapEx)		 19 15 8.65 18 11 15 14 16 18 21 3.49
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 108 86 97 144 111 129 96 116 109 97 114
Debt-free Net Working Capital (DFNWC)		 242 251 260 279 314 253 257 298 311 315 139
Net Working Capital (NWC)		 242 251 260 279 314 253 257 298 311 315 129
Net Nonoperating Expense (NNE)		 -1.09 -1.34 -1.69 -1.56 9.63 -1.55 -1.28 -1.19 -0.90 -1.34 1.00
Net Nonoperating Obligations (NNO)		 -134 -165 -163 -135 -203 -125 -161 -182 -202 -218 174
Total Depreciation and Amortization (D&A)		 14 14 14 14 15 16 17 17 18 18 20
Debt-free, Cash-free Net Working Capital to Revenue		 5.79% 4.60% 5.16% 7.69% 5.82% 6.82% 5.02% 5.98% 5.61% 4.98% 5.92%
Debt-free Net Working Capital to Revenue		 12.96% 13.39% 13.89% 14.89% 16.51% 13.43% 13.48% 15.39% 15.98% 16.24% 7.22%
Net Working Capital to Revenue		 12.96% 13.39% 13.89% 14.89% 16.51% 13.43% 13.48% 15.39% 15.98% 16.24% 6.71%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.87 $1.03 $1.27 $1.62 $1.78 $1.49 $1.19 $1.71 $2.15 $1.35 $1.77
Adjusted Weighted Average Basic Shares Outstanding		 27.43M 27.44M 27.44M 27.46M 27.48M 27.48M 27.47M 27.46M 27.40M 27.36M 27.39M
Adjusted Diluted Earnings per Share		 $1.87 $1.03 $1.27 $1.62 $1.78 $1.49 $1.18 $1.71 $2.15 $1.35 $1.77
Adjusted Weighted Average Diluted Shares Outstanding		 27.44M 27.45M 27.46M 27.48M 27.50M 27.50M 27.49M 27.49M 27.42M 27.38M 27.41M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 27.52M 27.53M 27.53M 27.57M 27.57M 27.57M 27.53M 27.49M 27.42M 27.42M 27.29M
Normalized Net Operating Profit after Tax (NOPAT)		 50 36 33 43 59 40 31 47 59 35 34
Normalized NOPAT Margin		 10.37% 7.71% 7.32% 9.25% 11.51% 8.64% 6.57% 9.50% 11.48% 7.74% 7.29%
Pre Tax Income Margin		 13.83% 7.83% 9.67% 12.41% 12.42% 11.32% 8.52% 12.32% 14.74% 10.66% 12.15%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 73.63% 72.61% 61.74% 62.35% 64.26% 60.20% 61.85% 61.80% 59.08% 61.19% 56.76%
Augmented Payout Ratio		 85.77% 78.35% 66.56% 63.87% 65.79% 61.11% 66.63% 66.33% 74.49% 76.93% 75.69%

Financials Breakdown Chart

Key Financial Trends

Marzetti’s financial results show a generally improved earnings profile over the past several years, but the latest quarter introduced significant acquisition-related cash demands and financing activity. The supplied records also contain naming inconsistencies: several statements identify the company as Lancaster Colony Corp. or use the former ticker LANC rather than Marzetti and MZTI. Investors should verify the company identity and filing period before relying on these figures.

Revenue has generally expanded, rising from $403.5 million in Q3 2022 to $465.0 million in Q4 2026, although quarterly comparisons are affected by seasonality. Profitability has improved from the loss reported in Q3 2022, when restructuring charges contributed to a $4.5 million net loss. In Q4 2026, revenue increased 2.6% from Q3, gross profit rose 6.3%, operating income climbed 23.8% to $57.7 million, and net income increased 30.3% to $48.3 million. The company’s Q4 gross margin was approximately 24.5%, while its operating margin was approximately 12.4%.

Cash generation remains a strength. Operating cash flow was positive in every reported quarter from Q1 2023 through Q4 2026, reaching $55.2 million in Q4 2026. However, operating cash flow has declined from $88.6 million in Q2 2026 and $70.5 million in Q3. The latest quarter also included a $399.3 million acquisition, which drove investing cash flow to negative $405.5 million and total cash flow to negative $193.4 million. Financing activities provided $157.0 million, suggesting that external financing helped fund the transaction.

The balance sheet was solid through March 31, 2026, with $218.4 million of cash, $513.9 million of current assets and $311.3 million of total liabilities. Current assets were approximately 2.6 times current liabilities, indicating substantial short-term liquidity. Total equity increased to approximately $1.04 billion from $838.6 million in March 2022. A Q4 2026 balance sheet was not provided, so the post-acquisition effects on cash, debt and goodwill cannot yet be fully evaluated.

  • Improving earnings: Q4 2026 net income rose to $48.3 million from $37.1 million in Q3 2026 and $32.5 million in Q4 2025.
  • Margin recovery: Q4 2026 operating margin expanded to approximately 12.4%, compared with approximately 10.3% in Q3 2026 and 8.2% in Q4 2025.
  • Long-term revenue growth: Quarterly revenue increased from $403.5 million in Q3 2022 to $465.0 million in Q4 2026, despite normal quarterly volatility.
  • Consistent operating cash generation: Operating cash flow remained positive across all supplied quarters, including $55.2 million in Q4 2026.
  • Strong liquidity before the acquisition: At March 31, 2026, cash was $218.4 million and the current ratio was approximately 2.6.
  • Shareholder returns remain a priority: The company continued paying quarterly dividends and repurchased approximately $15.1 million of stock in Q4 2026.
  • Acquisition could expand the business: The $399.3 million acquisition may provide additional revenue and earnings opportunities, but its return on investment cannot be assessed from the supplied data.
  • Share count is relatively stable: Diluted shares remained near 27.4 million across the periods provided, limiting dilution but also indicating that per-share growth is primarily dependent on earnings growth.
  • Large acquisition-related cash outflow: Investing cash flow fell to negative $405.5 million in Q4 2026, compared with negative $24.7 million in Q3.
  • Cash likely declined materially: Q4’s net cash decline of $193.4 million substantially offset the prior quarter’s $16.9 million increase, while no Q4 balance sheet was provided to show the company’s remaining cash or new debt levels.
09/01/26 02:31 PM ETAI Generated. May Contain Errors.

Marzetti Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Marzetti's financial year ends in June. Their financial year 2026 ended on June 30, 2026.

Marzetti's net income appears to be on an upward trend, with a most recent value of $191.61 million in 2026, rising from $121.76 million in 2016. The previous period was $167.35 million in 2025. See Marzetti's forecast for analyst expectations on what's next for the company.

Marzetti's total operating income in 2026 was $238.71 million, based on the following breakdown:
  • Total Gross Profit: $477.29 million
  • Total Operating Expenses: $238.58 million

Over the last 10 years, Marzetti's total revenue changed from $1.19 billion in 2016 to $1.93 billion in 2026, a change of 62.0%.

Marzetti's total liabilities were at $551.87 million at the end of 2026, a 99.8% increase from 2025, and a 355.6% increase since 2016.

In the past 10 years, Marzetti's cash and equivalents has ranged from $25.10 million in 2026 to $205.75 million in 2018, and is currently $25.10 million as of their latest financial filing in 2026.

Over the last 10 years, Marzetti's book value per share changed from 18.74 in 2016 to 38.41 in 2026, a change of 105.0%.


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Financial statements for NASDAQ:MZTI last updated on 8/25/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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