MARKETS / NASDAQ / MZTI

NASDAQ · CANNED, FROZEN & PRESERVD FRUIT, VEG & FOOD SPECIALTIES · LARGE CAP

Marzetti Co. MZTI

18 fiscal years on record · USD · FY2025 reported · SEC filings only

9 YEARS OF DIVIDEND GROWTH

Revenue

$1.9B

▲ 1.1% YoY

Net income

$191.6M

▲ 14.5% YoY

Free cash flow

$206.1M

▲ 1.3% YoY

In brief

What this company does

The Marzetti Company is a manufacturer and marketer of specialty food products for the retail and foodservice channels. As of June 30, 2025, the majority of its products were manufactured and packaged at 14 food plants located throughout the United States. As of June 30, 2025, it had 3,700 employees. Its financial results are presented as two reportable segments, Retail and Foodservice. Its top five Retail customers accounted for 62%, 59% and 59% of that segment's total net sales in 2025, 2024 and 2023, respectively. The majority of its Foodservice sales are products sold under private label to national chain restaurant accounts. Lancaster Colony Corporation changed its name to The Marzetti Company effective June 27, 2025.

Written from the business description in The Marzetti Company's annual report to the U.S. Securities and Exchange Commission, filed 21 August 2025. Every sentence was checked against that document before publication.

Growth

USD 1.9B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.9 · Net income 0.2

Compound annual growth

Revenue

+1.9%

+5.6%

+4.9%

+3.9%

Net income

+19.9%

+6.1%

+4.6%

+4.0%

EPS, diluted

+20.0%

+6.2%

+4.6%

+4.1%

Dividend / share

+5.6%

+6.0%

−5.5%

+7.7%

Returned to shareholders

+12.6%

+10.1%

−2.7%

+4.2%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +5.6% a year over five years — but profit grew faster: net income at +6.1%, earnings per share at +6.2%.

The share count fell from 0.03B to 0.03B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

10 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 12.4% · Net 9.9%

ROE

FY2025 · ROE 18.7%

Gross margin24.7%

Operating margin12.4%

Net margin9.9%

Return on assets13.3%

EBITDAUSD 310.2M

Each USD of equity produced 19 cents of profit this year.

Cash & shareholders

USD 145.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 206.1

Net buybacks $M Dividends $M

FY2025 · Dividends 108.8 · Net buybacks 36.3

Dividends paidUSD 108.8M

Net buybacksUSD 36.3M

Share of profit75.7%

Consecutive raises9 years

USD 108.8M in dividends and USD 36.3M in buybacks — 76% of the year's profit went back to shareholders.

Total assetsUSD 1.6B

EquityUSD 1.1B

CashUSD 25.1M

Gross debtUSD 199.3M

Net debtUSD 174.2M

Current ratio1.56×

Net debt stands at 17% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	1.9	1.9	1.9	1.8	1.7	1.5	1.3	1.3	1.2	1.2	1.2	1.1	1.0	1.0	1.0	1.1	1.1	1.1
Operating income $B	0.2	0.2	0.2	0.1	0.1	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.2	0.1
EBITDA $B	0.3	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Income tax $B	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.0	0.0	0.1	0.1	0.0
Net income $B	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Free cash flow $B	0.2	0.2	0.2	0.1	−0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
EPS, diluted $	6.98	6.07	5.76	4.04	3.25	5.16	4.97	5.46	4.92	4.20	4.44	3.72	2.74	3.99	3.51	3.84	4.07	3.17
Dividend / sh $	3.95	3.75	3.55	3.35	3.15	2.95	2.75	2.55	2.35	2.15	6.96	1.82	1.72	6.52	1.41	1.29	1.19	1.14
Payout %	57	62	62	83	97	57	55	47	48	51	156	49	63	163	40	34	29	36
ROE %	18.7	17.4	17.7	13.0	10.6	17.5	18.1	21.8	22.0	21.2	22.2	18.3	14.6	20.5	17.7	21.2	25.9	22.1
Shares out B	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityCanned, Frozen & Preservd Fruit, Veg & Food Specialties

Listed onNASDAQ

Incorporated inOhio

Fiscal year endsJune 30

Data on record since2008