The Marzetti Company (MZTI) Key Metrics
MZTI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.85B
- Enterprise value
- $3.05B
- P/E (TTM)
- 15.0 10-yr median 30.1
- Forward P/E
- 36.1
- PEG ratio
- 3.12
- Price / sales
- 1.5 10-yr median 2.9
- Price / book
- 2.7 10-yr median 5.6
- EV / EBITDA
- 9.6 10-yr median 18.6
- Dividend yield
- 3.83% $4.00 a year
- Beta
- 0.36
MZTI key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsMZTI valuation Price multiples at each fiscal year-end price.
MZTI returns How much profit the business earns on the capital it uses.
MZTI per-share figures Results divided by the shares outstanding at year-end.
MZTI financial health Debt, liquidity and how easily interest is covered.
MZTI efficiency & capital use Working capital cycle and where the cash goes.
MZTI valuation history
MZTI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MZTI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MZTI cash returned to shareholders
MZTI price vs earnings per share
MZTI key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.13B | $4.75B | $5.19B | $5.53B | $3.54B | $5.33B | $4.26B | $4.09B | $3.80B | $3.36B |
| Enterprise value | $3.02B | $4.64B | $5.08B | $5.47B | $3.51B | $5.17B | $4.09B | $3.90B | $3.60B | $3.22B |
| P/E ratio | 16.3 | 28.4 | 32.7 | 49.7 | 39.5 | 37.4 | 31.1 | 27.2 | 28.1 | 29.2 |
| Price / sales | 1.6 | 2.5 | 2.8 | 3.0 | 2.1 | 3.6 | 3.2 | 3.1 | 3.1 | 2.8 |
| Price / book | 3.1 | 4.8 | 5.6 | 6.4 | 4.2 | 6.3 | 5.4 | 5.6 | 5.8 | 5.8 |
| Price / free cash flow | 15.2 | 23.3 | 28.2 | 40.7 | — | 61.7 | 48.4 | 32.3 | 29.3 | 28.7 |
| Price / operating cash flow | 11.0 | 18.2 | 20.6 | 24.5 | 34.7 | 30.6 | 25.0 | 20.7 | 23.6 | 23.3 |
| EV / sales | 1.6 | 2.4 | 2.7 | 3.0 | 2.1 | 3.5 | 3.1 | 3.0 | 2.9 | 2.7 |
| EV / EBITDA | 9.6 | 16.1 | 18.8 | 25.1 | 18.5 | 22.9 | 19.0 | 18.7 | 17.9 | 16.1 |
| EV / free cash flow | 14.7 | 22.8 | 27.6 | 40.3 | — | 59.9 | 46.4 | 30.7 | 27.7 | 27.5 |
| Earnings yield | 6.1% | 3.5% | 3.1% | 2.0% | 2.5% | 2.7% | 3.2% | 3.7% | 3.6% | 3.4% |
| Free cash flow yield | 6.6% | 4.3% | 3.5% | 2.5% | −0.9% | 1.6% | 2.1% | 3.1% | 3.4% | 3.5% |
| Dividend yield | 3.5% | 2.2% | 1.9% | 1.7% | 2.5% | 1.5% | 1.8% | 1.7% | 1.7% | 1.8% |
| Shareholder yield (dividends + buybacks) | 4.6% | 2.3% | 2.0% | 1.8% | 2.7% | 1.7% | 1.9% | 1.9% | 1.7% | 1.8% |
| Share price at fiscal year-end | $114.16 | $172.77 | $188.97 | $201.09 | $128.78 | $193.51 | $154.99 | $148.60 | $138.42 | $122.62 |
| Per share | ||||||||||
| Revenue per share | $70.42 | $69.45 | $68.16 | $66.32 | $61.02 | $53.31 | $48.53 | $47.49 | $44.54 | $43.80 |
| Earnings per share | $6.99 | $6.09 | $5.78 | $4.05 | $3.26 | $5.17 | $4.98 | $5.47 | $4.93 | $4.20 |
| Operating cash flow per share | $10.36 | $9.51 | $9.16 | $8.22 | $3.71 | $6.33 | $6.21 | $7.18 | $5.85 | $5.26 |
| Free cash flow per share | $7.52 | $7.40 | $6.70 | $4.94 | −$1.10 | $3.14 | $3.21 | $4.60 | $4.72 | $4.28 |
| Cash per share | $5.89 | $5.87 | $5.95 | $3.22 | $2.19 | $6.83 | $7.21 | $7.13 | $7.49 | $5.22 |
| Book value per share | $36.43 | $36.32 | $33.71 | $31.38 | $30.75 | $30.64 | $28.49 | $26.40 | $23.75 | $20.99 |
| Tangible book value per share | $23.73 | $28.22 | $26.12 | $23.62 | $21.99 | $20.93 | $18.54 | $16.28 | $15.59 | $12.67 |
| Dividends per share | $3.97 | $3.77 | $3.57 | $3.36 | $3.16 | $2.95 | $2.75 | $2.55 | $2.35 | $2.15 |
| Capex per share | $2.83 | $2.11 | $2.46 | $3.28 | $4.80 | $3.19 | $3.01 | $2.57 | $1.13 | $0.98 |
| Debt per share | $2.03 | $2.02 | $2.10 | $1.09 | $1.32 | $1.21 | $0.98 | — | — | — |
| Shares outstanding | 27.4M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.4M |
| Change in shares outstanding | −0.3% | +0.1% | −0.1% | +0.0% | −0.2% | +0.1% | −0.1% | +0.3% | +0.1% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 19.2% | 17.4% | 17.7% | 13.0% | 10.6% | 17.5% | 18.1% | 21.8% | 22.0% | 21.2% |
| Return on invested capital (ROIC) | 21.2% | 20.2% | 19.0% | 13.5% | 11.8% | 21.9% | 23.6% | 30.1% | 30.3% | 27.7% |
| Return on assets (ROA) | 15.0% | 13.5% | 13.7% | 10.1% | 8.2% | 13.6% | 14.4% | 17.6% | 17.8% | 17.1% |
| Return on tangible assets | 20.7% | 15.9% | 15.9% | 12.4% | 10.5% | 17.1% | 19.0% | 24.0% | 23.3% | 23.6% |
| Free cash flow margin | 10.7% | 10.7% | 9.8% | 7.4% | −1.8% | 5.9% | 6.6% | 9.7% | 10.6% | 9.8% |
| Income quality (OCF / net income) | 1.48 | 1.56 | 1.59 | 2.03 | 1.14 | 1.22 | 1.25 | 1.31 | 1.19 | 1.25 |
| Financial health | ||||||||||
| Total debt | $55.6M | $55.6M | $57.7M | $30.0M | $36.2M | $33.3M | $26.8M | — | — | — |
| Cash & short-term investments | $161.5M | $161.5M | $163.4M | $88.5M | $60.3M | $188.1M | $198.3M | $196.3M | $205.8M | $143.1M |
| Net debt | −$105.9M | −$105.9M | −$105.8M | −$58.5M | −$24.1M | −$154.8M | −$171.5M | −$196.3M | −$205.8M | −$143.1M |
| Debt / equity | 0.06 | 0.06 | 0.06 | 0.03 | 0.04 | 0.04 | 0.03 | — | — | — |
| Debt / assets | 0.04 | 0.04 | 0.05 | 0.03 | 0.03 | 0.03 | 0.03 | — | — | — |
| Net debt / EBITDA | −0.34 | −0.37 | −0.39 | −0.27 | −0.13 | −0.69 | −0.80 | −0.94 | −1.03 | −0.71 |
| Current ratio | 2.38 | 2.38 | 2.41 | 2.22 | 2.12 | 2.43 | 3.05 | 3.08 | 4.04 | 3.93 |
| Quick ratio | 1.47 | 1.47 | 1.47 | 1.28 | 1.25 | 1.73 | 2.38 | 2.36 | 3.07 | 2.93 |
| Interest coverage | 135.4 | — | — | — | — | — | — | — | — | — |
| Working capital | $257.3M | $257.3M | $260.0M | $205.7M | $186.2M | $249.6M | $259.4M | $248.9M | $285.1M | $224.5M |
| Invested capital | $892.6M | $892.6M | $820.0M | $803.8M | $820.6M | $688.4M | $611.8M | $530.6M | $446.5M | $432.9M |
| Tangible asset value | $650.3M | $775.7M | $717.4M | $649.1M | $604.0M | $576.0M | $509.7M | $448.2M | $428.1M | $347.8M |
| Net current asset value | $167.4M | $167.4M | $162.8M | $123.7M | $106.1M | $165.3M | $175.6M | $190.0M | $226.7M | $160.7M |
| Graham number | $75.70 | $70.54 | $66.19 | $53.47 | $47.50 | $59.71 | $56.51 | $56.98 | $51.32 | $44.55 |
| Graham net-net per share | $1.52 | $1.52 | $1.48 | $0.11 | −$0.42 | $2.34 | $3.48 | $4.27 | $5.60 | $3.40 |
| Capital allocation | ||||||||||
| Dividends paid | $108.8M | $103.5M | $97.9M | $92.4M | $86.8M | $81.2M | $75.6M | $70.1M | $64.5M | $59.0M |
| Share buybacks (net) | $36.3M | $8.0M | $7.6M | $9.2M | $7.6M | $8.5M | $5.5M | $7.4M | $1.1M | $866,000 |
| Dividend payout ratio | 56.8% | 61.8% | 61.7% | 83.0% | 96.8% | 57.1% | 55.2% | 46.6% | 47.7% | 51.1% |
| Dividends + buybacks / free cash flow | 70.4% | 54.8% | 57.4% | 74.8% | — | 104.0% | 92.0% | 61.2% | 50.6% | 51.0% |
| Capex / revenue | 4.0% | 3.0% | 3.6% | 4.9% | 7.9% | 6.0% | 6.2% | 5.4% | 2.5% | 2.2% |
| Capex / operating cash flow | 27.4% | 22.2% | 26.9% | 39.9% | 129.6% | 50.4% | 48.4% | 35.9% | 19.3% | 18.7% |
| Capex / depreciation | 1.09 | 0.93 | 1.21 | 1.76 | 2.88 | 1.97 | 2.18 | 2.23 | 1.15 | 1.08 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.6% | 0.5% | 0.6% | 0.5% | 0.5% | 0.5% | 0.4% | 0.4% |
| SG&A / revenue | 13.2% | 12.1% | 11.7% | 12.2% | 12.7% | 14.0% | — | 11.5% | 10.7% | 11.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 18.1 | 18.3 | 20.5 | 25.1 | 25.4 | 23.0 | 22.2 | 20.7 | 21.3 | 20.6 |
| Days of inventory on hand | 42.5 | 43.0 | 42.0 | 38.6 | 36.8 | 35.0 | 32.0 | 32.9 | 33.2 | 31.5 |
| Days payables outstanding | 29.6 | 29.7 | 29.2 | 28.9 | 31.1 | 30.7 | 27.7 | 25.0 | 19.7 | 16.8 |
| Cash conversion cycle (days) | 31.0 | 31.6 | 33.3 | 34.8 | 31.1 | 27.2 | 26.5 | 28.6 | 34.8 | 35.4 |
| Receivables turnover | 20.14 | 19.95 | 17.78 | 14.55 | 14.37 | 15.90 | 16.44 | 17.60 | 17.12 | 17.68 |
| Payables turnover | 12.31 | 12.28 | 12.49 | 12.65 | 11.72 | 11.89 | 13.18 | 14.58 | 18.51 | 21.73 |
| Inventory turnover | 8.58 | 8.49 | 8.68 | 9.47 | 9.91 | 10.44 | 11.41 | 11.10 | 11.00 | 11.58 |
| Asset turnover | 1.51 | 1.54 | 1.61 | 1.65 | 1.53 | 1.40 | 1.41 | 1.53 | 1.61 | 1.78 |
| Average receivables | $95.8M | $95.7M | $105.3M | $125.2M | $116.7M | $92.3M | $81.1M | $74.3M | $71.4M | $68.0M |
| Average payables | $118.0M | $118.4M | $115.3M | $113.4M | $112.7M | $90.9M | $74.1M | $67.3M | $49.7M | $40.6M |
| Average inventory | $169.3M | $171.3M | $165.8M | $151.5M | $133.3M | $103.5M | $85.6M | $88.5M | $83.6M | $76.2M |
| Intangibles / total assets | 27.3% | 17.5% | 17.3% | 19.2% | 22.1% | 24.3% | 27.5% | 30.8% | 27.9% | 31.9% |
Computed from MZTI's annual financial statements (latest annual report filed August 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MZTI valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Marzetti traded at 16.3 times earnings, against a 10-year median of 30.1. Based on the latest twelve months, the trailing P/E is 15.0 and the forward P/E is 36.1. Marzetti earned a return on equity of 19.2% and a return on invested capital of 21.2% in fiscal 2026. It ended the year with $55.6 million of debt and $161.5 million in cash and short-term investments, a net cash position of $105.9 million. It returned $145.0 million to shareholders: $108.8 million in dividends and $36.3 million in share buybacks, 70% of free cash flow.
See the MZTI income statement, the MZTI chart for price history, or the MZTI stock overview for the latest quote and news.
MZTI key metrics FAQ
What is Marzetti's P/E ratio?
Marzetti's trailing P/E ratio is 15.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 36.1. At the end of fiscal 2026 it was 16.3, compared with a 10-year median of 30.1.
What is Marzetti's EV/EBITDA?
Marzetti's enterprise value was 9.6 times EBITDA at the end of fiscal 2026 (enterprise value $3.0 billion, EBITDA $315.2 million); the current EV/EBITDA is 9.6.
What is Marzetti's return on equity?
Marzetti's return on equity (ROE) was 19.2% in fiscal 2026: net income of $191.6 million on average shareholders' equity of $998.5 million.
What is Marzetti's ROIC?
Marzetti's return on invested capital was 21.2% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Marzetti have?
Marzetti had total debt of $55.6 million at the end of fiscal 2026, a debt-to-equity ratio of 0.06 and more cash than debt.
What is Marzetti's dividend yield?
Marzetti's forward dividend yield is 3.83%. Marzetti paid $108.8 million in dividends in fiscal 2026 ($3.97 per share), a payout ratio of 56.8%.
Does Marzetti buy back its shares?
Yes. Marzetti spent $36.3 million on net share repurchases in fiscal 2026 Shares outstanding changed −0.3% over the year, to 27.4M..
What is Marzetti's free cash flow yield?
Marzetti generated $206.1 million of free cash flow in fiscal 2026, a free cash flow yield of 6.6% on its market value at year-end ($3.1 billion).
What is Marzetti's current ratio?
Marzetti's current ratio was 2.38 at the end of fiscal 2026: current assets were 2.38 times current liabilities.