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The Marzetti (MZTI) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Consumer Defensive•Packaged Foods
B
GoodMetricSide Score: 68/100
ProfitabilityProfit20/30
GrowthGrowth15/25
Balance SheetBalance13/25
Cash QualityCash20/20
Price & Volume
Market Cap $2.99B

The Marzetti Company engages in manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic breads 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; croutons and salad toppings under the New York Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand. It also manufactures and sells various products to brand license agreements, including Olive Garden dressings, Buffalo Wild Wings sauces, Chick-fil-A sauces and dressing, Texas Roadhouse steak sauces and frozen rolls, and Subway sauces. The company sells its products through sales personnel, food brokers, and distributors to retailers and restaurants. The Marzetti Company was formerly known as Lancaster Colony Corporation and changed its name to The Marzetti Company in June 2025. The company was founded in 1896 and is based in Westerville, Ohio.

Moat Signals

Competitive analysis based on 62 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~11.5% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 16.8% suggests a durable competitive advantage and efficient capital allocation.

Risk Signals

Data-driven red flags and warnings across 62 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~11.2% — no sign of cost or pricing stress.

Earnings Quality

Healthy

FCF covers net income by 1.2x on average — earnings are well-supported by cash generation.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$1.94B
2.8%
Q. Revenue
$453.37M
TTM EBITDA
$319.54M
2.9%
TTM Op. Income
$219.94M
1.4%
Q. Op. Income
$46.58M
TTM Net Income
$175.84M
3.7%
Q. Net Income
$37.05M
EPS
$1.35
Shares Out.
$27.36M
0.4%
$1.94B in TTM revenue grew 2.8% YoY, reaching $453.37M last quarter. TTM EBITDA of $319.54M and TTM operating income of $219.94M shows growth is flowing through. Net income of $175.84M TTM confirms the company is converting revenue into profit. Revenue is growing modestly — monitor for acceleration or deceleration.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
23.6%
2.2%
EBITDA Margin
14.1%
Op. Margin
10.3%
5.7%
Net Margin
8.2%
9.0%
Op. margin of 10.3% is down 0.6% YoY — costs are rising relative to revenue. Net margin at 8.2% and gross margin of 23.6% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
17.0x
P/S Ratio
1.5x
P/B Ratio
2.9x
At 17.0x P/E, the stock trades in line with market averages — fairly valued. P/S of 1.5x and P/B of 2.9x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$1.36B
Cash
$218.45M
Long-Term Debt
N/A
Book Value
$1.04B
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$70.53M
TTM Free Cash Flow
$247.98M
67.4%
FCF Margin
12.8%
FCF / Net Income
1.4
TTM FCF of $247.98M on $70.53M in operating cash flow. The FCF / Net Income ratio of 1.4x means earnings are well backed by actual cash — high-quality earnings.

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Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Moderate Moat

Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.