MZTI · Nasdaq · Consumer Defensive
The Marzetti Company (MZTI) — Rank #220 by gross profitability (GP/assets 0.30) · ROE 18.2% · Piotroski F-Score 5 / 9.
As-of 2026-10-30 · 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
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
3,500
Industry
Packaged Foods
Exchange
Nasdaq
11/12
Flags passed
MZTI fails 1 critical flag
Passes 11 of 12 quality flags
- FAILBalance sheet deteriorating
Net cash collapsed with receivables or inventory outpacing revenue
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSRevenue not declining
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Operating leverage expanding
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passDividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Does it make money well?
No warning flags · GP/assets 0.30
Gross profitability (GP / assets)
0.30
Primary signal (Novy-Marx).
5th of 13 SIC 20 peers
Return on equity
18.2%
Gross margin
24.7%
11th of 13 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%
Cash Flow Health
Is the cash real?
No warning flags · FCF 8% above net income
Free cash flow
$206.14M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
7.6%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.5%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
Warning: Balance sheet deteriorating · net debt $174.18M, F-Score 5/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.52
6th of 13 SIC 20 peers (best = lowest)
Current ratio
1.56×
12th of 13 SIC 20 peers
Quick ratio
0.56×
Net cash
-$174.18M
Cash & equivalents minus total debt.
Piotroski F-Score
5 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Dividend safety
Composite score
3.0 / 5
Capital allocation quality
Composite score
2.3 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports