The Marzetti Company (MZTI) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Packaged Foods
EV/EBITDA
↓
10.98
↓-50% vs avg
5yr avg: 21.89
30Y Low4.0·High28.4
P/FCF
↓
15.76
↓-59% vs avg
5yr avg: 38.49
30Y Low7.4·High61.7
P/B Ratio
↓
3.22
↓-41% vs avg
5yr avg: 5.45
30Y Low1.9·High6.8
ROE
↓
17.4%
↓+14% vs avg
5yr avg: 15.3%
30Y Low9%·High26%
Debt/EBITDA
↑
0.20
+3% vs avg
5yr avg: 0.19
30Y Low0.0·High0.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MZTI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Marzetti Company trades at 19.3x earnings, 49% below its 5-year average of 37.6x, sitting at the 43rd percentile of its historical range. This is roughly in line with the Consumer Defensive sector median P/E of 19.4x. On a free-cash-flow basis, the stock trades at 15.8x P/FCF, 59% below the 5-year average of 38.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $4.7B | $5.2B | $5.5B | $3.5B | $5.3B | $4.3B | $4.1B | $3.8B | $3.4B | $3.5B |
| Enterprise Value | $3.1B | $4.6B | $5.1B | $5.5B | $3.5B | $5.2B | $4.1B | $3.9B | $3.6B | $3.2B | $3.4B |
| P/E Ratio → | 19.27 | 28.46 | 32.81 | 49.77 | 39.62 | 37.50 | 31.19 | 27.17 | 28.08 | 29.20 | 28.74 |
| P/S Ratio | 1.68 | 2.49 | 2.77 | 3.03 | 2.11 | 3.63 | 3.19 | 3.13 | 3.11 | 2.80 | 2.93 |
| P/B Ratio | 3.22 | 4.76 | 5.61 | 6.41 | 4.19 | 6.32 | 5.44 | 5.63 | 5.83 | 5.84 | 6.80 |
| P/FCF | 15.76 | 23.34 | 28.21 | 40.72 | — | 61.69 | 48.36 | 32.29 | 29.31 | 28.67 | 27.74 |
| P/OCF | 12.27 | 18.16 | 20.63 | 24.46 | 34.75 | 30.57 | 24.96 | 20.71 | 23.65 | 23.31 | 24.50 |
P/E links to full P/E history page with 30-year chart
MZTI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Marzetti Company's enterprise value stands at 11.0x EBITDA, 50% below its 5-year average of 21.9x. This is roughly in line with the Consumer Defensive sector median of 11.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.43 | 2.72 | 3.00 | 2.10 | 3.52 | 3.07 | 2.98 | 2.94 | 2.68 | 2.83 |
| EV / EBITDA | 10.98 | 16.44 | 19.92 | 28.37 | 22.27 | 22.44 | 19.12 | 17.49 | 18.12 | 16.17 | 16.17 |
| EV / EBIT | 14.08 | 20.60 | 23.73 | 32.84 | 24.47 | 28.51 | 23.10 | 22.09 | 20.71 | 18.36 | 18.29 |
| EV / FCF | — | 22.82 | 27.63 | 40.29 | — | 59.89 | 46.41 | 30.74 | 27.72 | 27.45 | 26.80 |
MZTI Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Marzetti Company earns an operating margin of 11.5%, above the Consumer Defensive sector average of 1.1%. Operating margins have expanded from 7.8% to 11.5% over the past 3 years, signaling improving operational efficiency. ROE of 17.4% indicates solid capital efficiency, compared to the sector median of 6.8%. ROIC of 19.3% represents solid returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.9% | 23.9% | 23.1% | 21.3% | 21.2% | 26.4% | 26.8% | 24.9% | 24.8% | 26.5% | 25.2% |
| Operating Margin | 11.5% | 11.5% | 10.7% | 7.8% | 6.7% | 12.7% | 13.2% | 14.6% | 14.0% | 14.5% | 15.5% |
| Net Profit Margin | 8.8% | 8.8% | 8.5% | 6.1% | 5.3% | 9.7% | 10.3% | 11.5% | 11.1% | 9.6% | 10.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.4% | 17.4% | 17.7% | 13.0% | 10.6% | 17.5% | 18.1% | 21.8% | 22.0% | 21.2% | 22.2% |
| ROA | 13.5% | 13.5% | 13.7% | 10.1% | 8.2% | 13.6% | 14.4% | 17.6% | 17.8% | 17.1% | 18.2% |
| ROIC | 19.3% | 19.3% | 18.4% | 13.1% | 11.1% | 21.4% | 23.1% | 29.3% | 29.3% | 31.6% | 34.9% |
| ROCE | 20.9% | 20.9% | 20.3% | 15.1% | 12.1% | 20.7% | 21.3% | 25.5% | 25.4% | 29.0% | 31.0% |
MZTI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The Marzetti Company carries a Debt/EBITDA ratio of 0.2x, which is very conservative (94% below the sector average of 3.4x). The company holds a net cash position — cash of $161M exceeds total debt of $56M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.06 | 0.03 | 0.04 | 0.04 | 0.03 | — | — | — | — |
| Debt / EBITDA | 0.20 | 0.20 | 0.23 | 0.16 | 0.23 | 0.14 | 0.13 | — | — | — | — |
| Net Debt / Equity | — | -0.11 | -0.11 | -0.07 | -0.03 | -0.18 | -0.22 | -0.27 | -0.32 | -0.25 | -0.23 |
| Net Debt / EBITDA | -0.37 | -0.37 | -0.41 | -0.30 | -0.15 | -0.67 | -0.80 | -0.88 | -1.04 | -0.72 | -0.57 |
| Debt / FCF | — | -0.52 | -0.57 | -0.43 | — | -1.79 | -1.95 | -1.55 | -1.59 | -1.22 | -0.94 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($161M) exceeds total debt ($56M)
MZTI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The Marzetti Company's current ratio of 2.38x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.47x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.22x to 2.38x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.38 | 2.38 | 2.41 | 2.22 | 2.12 | 2.43 | 3.05 | 3.08 | 4.04 | 3.93 | 3.67 |
| Quick Ratio | 1.47 | 1.47 | 1.47 | 1.28 | 1.25 | 1.73 | 2.38 | 2.36 | 3.07 | 2.93 | 2.63 |
| Cash Ratio | 0.87 | 0.87 | 0.89 | 0.52 | 0.36 | 1.08 | 1.57 | 1.64 | 2.19 | 1.87 | 1.62 |
| Asset Turnover | — | 1.50 | 1.55 | 1.64 | 1.54 | 1.33 | 1.34 | 1.44 | 1.52 | 1.68 | 1.88 |
| Inventory Turnover | 8.59 | 8.59 | 8.31 | 9.06 | 9.13 | 8.86 | 11.48 | 11.40 | 10.12 | 11.56 | 11.72 |
| Days Sales Outstanding | — | 18.32 | 18.63 | 23.02 | 29.50 | 24.36 | 23.69 | 21.13 | 21.78 | 21.24 | 20.23 |
MZTI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Marzetti Company returns 3.5% to shareholders annually — split between a 3.2% dividend yield and 0.2% buyback yield. A payout ratio of 61.8% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 5.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.2% | 2.2% | 1.9% | 1.7% | 2.5% | 1.5% | 1.8% | 1.7% | 1.7% | 1.8% | 5.5% |
| Payout Ratio | 61.8% | 61.8% | 61.7% | 83.0% | 96.8% | 57.1% | 55.2% | 46.6% | 47.7% | 51.1% | 156.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.2% | 3.5% | 3.0% | 2.0% | 2.5% | 2.7% | 3.2% | 3.7% | 3.6% | 3.4% | 3.5% |
| FCF Yield | 6.3% | 4.3% | 3.5% | 2.5% | — | 1.6% | 2.1% | 3.1% | 3.4% | 3.5% | 3.6% |
| Buyback Yield | 0.2% | 0.2% | 0.1% | 0.2% | 0.2% | 0.2% | 0.1% | 0.2% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.5% | 2.3% | 2.0% | 1.8% | 2.7% | 1.7% | 1.9% | 1.9% | 1.7% | 1.8% | 5.5% |
| Shares Outstanding | — | $27M | $27M | $27M | $27M | $28M | $27M | $28M | $27M | $27M | $27M |
Peer Comparison
Compare MZTI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MZTIYou | $3B | 19.3 | 11.0 | 15.8 | 23.9% | 11.5% | 17.4% | 19.3% | 0.2 |
 SMPL | $1B | 12.2 | 6.0 | 7.9 | 35.1% | 15.1% | 5.9% | 8.1% | 1.3 |
 HAIN | $84M | -0.1 | — | — | 21.4% | -29.6% | -74.9% | -23.7% | — |
 JJSF | $1B | 22.5 | 9.5 | 17.5 | 29.7% | 5.3% | 6.8% | 6.1% | 1.0 |
 KHC | $28B | -4.8 | — | 7.7 | 33.3% | -18.7% | -12.8% | -5.5% | — |
 CPB | $6B | 10.6 | 7.5 | 9.0 | 30.4% | 13.2% | 15.6% | 9.1% | 4.0 |
 MKC | $12B | 16.3 | 12.1 | 16.4 | 37.9% | 16.0% | 14.2% | 8.5% | 3.0 |
 HRL | $11B | 23.8 | 13.8 | 21.4 | 15.6% | 5.9% | 6.0% | 5.3% | 2.9 |
 SJM | $11B | -8.6 | — | 13.0 | 38.8% | -7.7% | -17.9% | -3.4% | — |
 NOMD | $1B | 9.5 | 7.3 | 4.9 | 27.1% | 10.7% | 5.3% | 5.5% | 5.3 |
 ADM | $37B | 34.8 | 17.2 | 8.9 | 6.3% | 1.8% | 4.7% | 3.3% | 3.2 |
| Consumer Defensive Median | — | 19.4 | 11.3 | 15.0 | 40.1% | 1.1% | 6.8% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonMZTI — Frequently Asked Questions
Quick answers to the most common questions about buying MZTI stock.
What is The Marzetti Company's P/E ratio?
The Marzetti Company's current P/E ratio is 19.3x. The historical average is 23.0x. This places it at the 43th percentile of its historical range.
What is The Marzetti Company's EV/EBITDA?
The Marzetti Company's current EV/EBITDA is 11.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.5x.
What is The Marzetti Company's ROE?
The Marzetti Company's return on equity (ROE) is 17.4%. The historical average is 19.0%.
Is MZTI stock overvalued?
Based on historical data, The Marzetti Company is trading at a P/E of 19.3x. This is at the 43th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is The Marzetti Company's dividend yield?
The Marzetti Company's current dividend yield is 3.22% with a payout ratio of 61.8%.
What are The Marzetti Company's profit margins?
The Marzetti Company has 23.9% gross margin and 11.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does The Marzetti Company have?
The Marzetti Company's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.