The Marzetti Company (MZTI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 453.37M | 517.95M | 493.47M | 475.43M | 457.84M | 509.3M | 466.56M | 452.82M | 471.45M | 485.92M | 461.57M | 454.66M | 464.94M | 477.39M | 425.54M | 452.41M | 403.49M | 428.43M | 392.06M | 385.57M |
| Revenue Growth % | -0.98% | 1.7% | 5.77% | 4.99% | -2.89% | 4.81% | 1.08% | -0.4% | 1.4% | 1.79% | 8.47% | 0.5% | 15.23% | 11.43% | 8.54% | 17.34% | 12.94% | 14.24% | 12.26% | 20.17% |
| Cost of Goods Sold | 346.15M | 380.69M | 374.65M | 369.33M | 351.87M | 376.53M | 355.73M | 355.21M | 366.95M | 364.45M | 352.85M | 361.49M | 370.7M | 375.29M | 326.48M | 354M | 335.16M | 331.82M | 299.69M | 288.89M |
| COGS % of Revenue | 76.35% | 73.5% | 75.92% | 77.68% | 76.86% | 73.93% | 76.25% | 78.44% | 77.84% | 75% | 76.45% | 79.51% | 79.73% | 78.61% | 76.72% | 78.25% | 83.06% | 77.45% | 76.44% | 74.93% |
| Gross Profit | 107.22M | 137.26M | 118.82M | 106.09M | 105.96M | 132.77M | 110.82M | 97.62M | 104.49M | 121.47M | 108.72M | 93.17M | 94.24M | 102.1M | 99.06M | 98.42M | 68.33M | 96.6M | 92.37M | 96.67M |
| Gross Margin % | 23.65% | 26.5% | 24.08% | 22.32% | 23.14% | 26.07% | 23.75% | 21.56% | 22.16% | 25% | 23.55% | 20.49% | 20.27% | 21.39% | 23.28% | 21.75% | 16.94% | 22.55% | 23.56% | 25.07% |
| Gross Profit Growth % | 1.18% | 3.38% | 7.21% | 8.68% | 1.4% | 9.3% | 1.93% | 4.77% | 10.88% | 18.97% | 9.76% | -5.33% | 37.91% | 5.69% | 7.24% | 1.8% | -24.54% | -9.59% | -0.31% | 8.53% |
| Operating Expenses | 60.64M | 60.41M | 58.42M | 67.18M | 56.09M | 57.11M | 54.96M | 55.93M | 69.35M | 55.71M | 51.95M | 81.7M | 64.83M | 50.77M | 49.76M | 64.71M | 75.95M | 51.3M | 51.86M | 55.76M |
| OpEx % of Revenue | 13.38% | 11.66% | 11.84% | 14.13% | 12.25% | 11.21% | 11.78% | 12.35% | 14.71% | 11.47% | 11.25% | 17.97% | 13.94% | 10.64% | 11.69% | 14.3% | 18.82% | 11.97% | 13.23% | 14.46% |
| Selling, General & Admin | 61.44M | 60.41M | 58.42M | 62.08M | 56.09M | 57.11M | 54.96M | 53.19M | 57.21M | 55.71M | 51.95M | 56.73M | 64.83M | 50.15M | 49.76M | 54.18M | 54.53M | 51.54M | 51.86M | 55.76M |
| SG&A % of Revenue | 13.55% | 11.66% | 11.84% | 13.06% | 12.25% | 11.21% | 11.78% | 11.75% | 12.14% | 11.47% | 11.25% | 12.48% | 13.94% | 10.5% | 11.69% | 11.98% | 13.51% | 12.03% | 13.23% | 14.46% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -800K | 0 | 0 | 1000K | 0 | 0 | 0 | 1000K | 1000K | 0 | 0 | 1000K | 0 | 628K | 0 | 1000K | 1000K | -242K | 0 | 0 |
| Operating Income | 46.58M | 76.85M | 60.4M | 38.91M | 49.88M | 75.66M | 55.86M | 41.69M | 35.15M | 65.75M | 56.77M | 11.47M | 29.41M | 51.33M | 49.3M | 33.71M | -7.62M | 45.31M | 40.51M | 40.92M |
| Operating Margin % | 10.27% | 14.84% | 12.24% | 8.19% | 10.89% | 14.86% | 11.97% | 9.21% | 7.45% | 13.53% | 12.3% | 2.52% | 6.33% | 10.75% | 11.58% | 7.45% | -1.89% | 10.57% | 10.33% | 10.61% |
| Operating Income Growth % | -6.62% | 1.57% | 8.13% | -6.65% | 41.91% | 15.07% | -1.6% | 263.29% | 19.51% | 28.11% | 15.17% | -65.96% | 486.08% | 13.29% | 21.69% | -17.61% | -120.37% | -22.68% | -17.24% | 1.85% |
| EBITDA | 64.12M | 94.39M | 77.11M | 56.03M | 65.53M | 90.71M | 70.22M | 55.69M | 49.52M | 79.69M | 70.37M | 26.02M | 43.06M | 63.14M | 60.5M | 45.17M | 3.96M | 56.89M | 51.77M | 52.86M |
| EBITDA Margin % | 14.14% | 18.22% | 15.63% | 11.78% | 14.31% | 17.81% | 15.05% | 12.3% | 10.5% | 16.4% | 15.25% | 5.72% | 9.26% | 13.23% | 14.22% | 9.99% | 0.98% | 13.28% | 13.21% | 13.71% |
| EBITDA Growth % | -2.15% | 4.06% | 9.81% | 0.61% | 32.34% | 13.83% | -0.21% | 114.03% | 14.99% | 26.21% | 16.31% | -42.4% | 988.5% | 10.98% | 16.86% | -14.54% | -91.89% | -18.01% | -12.78% | 4.74% |
| D&A (Non-Cash Add-back) | 17.54M | 17.54M | 16.71M | 17.11M | 15.65M | 15.05M | 14.36M | 14M | 14.37M | 13.93M | 13.59M | 14.54M | 13.65M | 11.81M | 11.2M | 11.46M | 11.57M | 11.58M | 11.26M | 11.94M |
| EBIT | 46.58M | 76.34M | 60.4M | 44.02M | 49.88M | 75.66M | 55.86M | 44.42M | 47.28M | 65.75M | 56.77M | 36.44M | 29.41M | 51.33M | 49.3M | 44.24M | 13.81M | 45.06M | 40.51M | 40.92M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 1.74M | -509K | 386K | 1.59M | 1.96M | -12.43M | 2.02M | 2.12M | 1.75M | 1.43M | 857K | 974K | 607K | 478K | -270K | 227K | 119K | 111K | 20K | -40K |
| Pretax Income | 48.32M | 76.34M | 60.79M | 40.51M | 51.84M | 63.23M | 57.88M | 43.81M | 36.89M | 67.18M | 57.63M | 12.45M | 30.02M | 51.8M | 49.03M | 33.94M | -7.5M | 45.42M | 40.53M | 40.88M |
| Pretax Margin % | 10.66% | 14.74% | 12.32% | 8.52% | 11.32% | 12.42% | 12.41% | 9.67% | 7.83% | 13.83% | 12.49% | 2.74% | 6.46% | 10.85% | 11.52% | 7.5% | -1.86% | 10.6% | 10.34% | 10.6% |
| Income Tax | 11.26M | 17.26M | 13.61M | 7.98M | 10.71M | 14.24M | 13.18M | 8.98M | 8.54M | 15.7M | 13.68M | 3.28M | 5.46M | 11.83M | 11.44M | 4.89M | -3.02M | 11.05M | 9.88M | 9.15M |
| Effective Tax Rate % | 23.31% | 22.61% | 22.38% | 19.7% | 20.67% | 22.52% | 22.77% | 20.5% | 23.16% | 23.36% | 23.74% | 26.37% | 18.19% | 22.84% | 23.33% | 14.42% | 40.21% | 24.32% | 24.37% | 22.39% |
| Net Income | 37.05M | 59.08M | 47.18M | 32.53M | 41.12M | 48.99M | 44.7M | 34.83M | 28.35M | 51.48M | 43.95M | 9.17M | 24.55M | 39.97M | 37.59M | 29.04M | -4.48M | 34.37M | 30.66M | 31.73M |
| Net Margin % | 8.17% | 11.41% | 9.56% | 6.84% | 8.98% | 9.62% | 9.58% | 7.69% | 6.01% | 10.6% | 9.52% | 2.02% | 5.28% | 8.37% | 8.83% | 6.42% | -1.11% | 8.02% | 7.82% | 8.23% |
| Net Income Growth % | -9.89% | 20.59% | 5.55% | -6.6% | 45.06% | -4.84% | 1.71% | 279.97% | 15.46% | 28.8% | 16.92% | -68.44% | 647.74% | 16.3% | 22.63% | -8.45% | -115.51% | -22.99% | -17.33% | 4.41% |
| Net Income (Continuing) | 37.05M | 59.08M | 47.18M | 32.53M | 41.12M | 48.99M | 44.7M | 34.83M | 28.35M | 51.48M | 43.95M | 9.17M | 24.55M | 39.97M | 37.59M | 29.04M | -4.48M | 34.37M | 30.66M | 31.73M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.35 | 2.15 | 1.71 | 1.18 | 1.49 | 1.78 | 1.62 | 1.26 | 1.03 | 1.87 | 1.59 | 0.33 | 0.89 | 1.45 | 1.37 | 1.06 | -0.16 | 1.25 | 1.11 | 1.15 |
| EPS Growth % | -9.4% | 20.79% | 5.56% | -6.35% | 44.66% | -4.81% | 1.89% | 281.82% | 15.73% | 28.97% | 16.06% | -68.87% | 656.25% | 16% | 23.42% | -7.83% | -115.24% | -22.84% | -17.78% | 4.55% |
| EPS (Basic) | 1.35 | 2.15 | 1.71 | 1.18 | 1.49 | 1.78 | 1.62 | 1.27 | 1.03 | 1.87 | 1.60 | 0.33 | 0.89 | 1.45 | 1.37 | 1.06 | -0.17 | 1.25 | 1.11 | 1.15 |
| Diluted Shares Outstanding | 27.38M | 27.41M | 27.49M | 27.47M | 27.5M | 27.5M | 27.48M | 27.48M | 27.45M | 27.44M | 27.47M | 27.49M | 27.49M | 27.49M | 27.46M | 27.45M | 27.44M | 27.46M | 27.52M | 27.53M |
| Basic Shares Outstanding | 27.36M | 27.4M | 27.45M | 27.47M | 27.48M | 27.48M | 27.46M | 27.45M | 27.44M | 27.43M | 27.45M | 27.46M | 27.49M | 27.47M | 27.45M | 27.45M | 26.68M | 27.44M | 27.46M | 27.48M |
| Dividend Payout Ratio | 74.17% | 46.7% | 55.78% | 80.53% | 63.66% | 53.6% | 55.63% | 71.27% | 87.68% | 48.19% | 53.34% | 255.53% | 95.37% | 58.69% | 58.7% | 75.83% | - | 64.11% | 67.44% | 65.11% |