The Marzetti Company
Rank #227ValueMZTI · Nasdaq · Consumer Defensive
The Marzetti Company (MZTI) — Rank #227 by gross profitability (GP/assets 0.30) · ROE 18.2% · Piotroski F-Score 5 / 9.
As-of 2026-09-15 · CIK 0000057515 · all metrics point-in-time as of the filing date.
About
The Marzetti Company engages in manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States.
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It operates in two segments, Retail and Foodservice. The Retail segment offers frozen garlic bread under the New York Bakery brand; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Cardini's, Marzetti Simply, and Girard's brands; vegetable and fruit dips under the Marzetti brand; Japanese barbecue sauces and dips under the Bachan's brand; and croutons and toppings under the New York Bakery, Chatham Village, and Marzetti brands. Its Foodservice segment sells custom-formulated sauces, salad dressings, frozen breads, yeast rolls, and frozen pasta under the Marzetti, Sister Schubert's, and Marzetti Frozen Pasta brands, as well as private labels for chain restaurants. The company sells its products through sales personnel, food brokers, and distributors to retailers and restaurants. The company was formerly known as Lancaster Colony Corporation and changed its name to The Marzetti Company in June 2025.
The Marzetti Company was founded in 1896 and is based in Westerville, Ohio.
- Industry
- Packaged Foods
- Sector
- Consumer Defensive
- State
- OH
- Filer Category
- Large accelerated filer
- Fiscal Year End
- June 30
- Website
- marzetticompany.com
Price History
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
$2.73B
P/E (annual)
14.3
P/S (annual)
1.4
P/B
2.6
P/OCF (annual)
9.6
Shareholder Yield
4.3%
Employees
3,500
Industry
Packaged Foods
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
2.1%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -0.3% — per-share value needs a total required return of 1.8% once share-count change is priced in.
vs. own 6-year median revenue growth: 5.7%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-1.9%
r = 10% (base)
2.1%
r = 12%
5.6%
Net debt / market cap: 6.4%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Gross profitability (GP / assets)
0.30
Primary signal (Novy-Marx).
6th of 18 SIC 20 peers
Return on equity
18.2%
Gross margin
24.7%
12th of 18 SIC 20 peers
Revenue growth (YoY)
1.1%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
1.9%
Revenue CAGR (5Y)
5.6%
Earnings CAGR (3Y)
19.9%
FCF CAGR (3Y)
14.9%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.52
7th of 18 SIC 20 peers (best = lowest)
Current ratio
1.56×
17th of 18 SIC 20 peers
Quick ratio
0.56×
Net cash
-$174.18M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$206.14M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.08
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.5%
Stock-based comp intensity.
Dividend safety
Composite score
3.0 / 5
Piotroski F-Score
F-Score
5 / 9
Fundamental-strength score (0-9).