# The Marzetti Company (MZTI)

> Source: Nexqual · https://nexqual.com/MZTI · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, The Marzetti Company (MZTI), nexqual.com/MZTI" · informational, not investment advice.

**Price:** USD 108.4 (+0.55% on the day) · last close of Oct 28, 2026; US market after hours, not a live price. Prev close 107.81 · day 104.34–108.56 · 52w 97–176.26 · market cap $2.96B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.93B, net income $192M (9.9% margin), free cash flow $206M (SEC filings).
- Valuation: P/E 15.4x (avg 25.8x at the last 3 fiscal year-ends), EV/EBITDA 10.1x, net debt $174M.
- Analysts: Hold (mean 2.60 on a 1–5 scale) (5 analysts), mean target USD 142.6 (range 103–185).
- Total return with dividends: 1Y -30.0% vs S&P 500 +13.6%; 5Y -28.7% vs S&P 500 +79.8%.
- Next earnings: 2026-11-03, EPS estimate USD 1.37, revenue estimate $484M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.68B | $1.82B | $1.87B | $1.91B | $1.93B | $1.93B |
| Gross profit | $356M | $389M | $432M | $456M | $477M | — |
| Operating income | $112M | $142M | $199M | $220M | $239M | $239M |
| Net income | $89.6M | $111M | $159M | $167M | $192M | $192M |
| EPS (diluted) | $3.25 | $4.04 | $5.76 | $6.07 | $6.98 | — |
| Free cash flow | -$30.2M | $136M | $184M | $203M | $206M | $206M |
| Gross margin | 21.2% | 21.3% | 23.1% | 23.9% | 24.7% | — |
| Operating margin | 6.7% | 7.8% | 10.7% | 11.5% | 12.4% | 12.4% |
| Net margin | 5.3% | 6.1% | 8.5% | 8.8% | 9.9% | 9.9% |
| Revenue growth | +14.3% | +8.7% | +2.7% | +2.0% | +1.1% | — |
| Cash + short-term investments | $60.3M | $88.5M | $163M | $161M | $25.1M | — |
| Total debt | — | — | — | $0K | $199M | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 15.4x · P/S 1.5x · EV/EBITDA 10.1x · EV/Sales 1.6x · P/FCF 14.4x · P/B 2.8x · FCF yield 6.97% · Earnings yield 6.48% · Dividend yield (paid, TTM) 3.68% · Buyback yield (TTM) 1.23% · Net debt $174M · EV $3.13B
P/E at fiscal year-ends: Jun 2026 16.3x, Jun 2025 28.4x, Jun 2024 32.7x.

## Analysts
Consensus Hold (mean 2.60 on a 1–5 scale), 5 analysts; mean target USD 142.6 (low 103, high 185).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-28 | Stephens & Co. | Target lowered | Equal-Weight | $140 → $135 |
| 2026-08-26 | DA Davidson | Target lowered | Neutral | $168 → $130 |
| 2026-08-26 | Stephens & Co. | Reiterated | Equal-Weight | $140 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -30.0% | -28.7% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -30.1% | -6.5% |
| Volatility (annualized) | 30.9% | 30.0% |
| Max drawdown | -41.5% (Feb 2026→Sep 2026) | -50.8% (May 2023→Oct 2026) |

## More
Full page: https://nexqual.com/MZTI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.37 | $1.78 | -22.9% | $484.0M | 5 |
| Next quarter (ends 2026-12-31) | $2.22 | $2.33 | -4.5% | $533.4M | 5 |
| Current fiscal year (ends 2027-06-30) | $6.69 | $7.20 | -7.0% | $2.00B | 5 |
| Next fiscal year (ends 2028-06-30) | $7.23 | $7.40 | -2.3% | $2.05B | 5 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $1.46 | $1.40 | Beat +4.3% | — |
| — | Quarter ended Mar 31, 2026 | $1.33 | $1.57 | Miss −15.3% | — |
| — | Quarter ended Dec 31, 2025 | $2.20 | $2.23 | Miss −1.3% | — |
| — | Quarter ended Sep 30, 2025 | $1.74 | $1.70 | Beat +2.4% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).