MARZETTI CO
MZTI · Canned, Frozen & Preservd Fruit, Veg & Food Specialties · 27.4M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $119K (gross $9M, SBC $9M)
Reference price $109.31 · est. market cap ~$3.0B — last insider sale, 2026-06-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B79Debt-free specialty-food company with top-decile ROA and strong brands/licensing, though growth and gross margin are modest.
Strengths
- Top-decile ROA (13.1%, 92.5th) and high ROE (16.8%, 74.1th) with a debt-free balance sheet
- Strong FCF generation ($203M, 74.3th) and clean liquidity (current ratio 2.4)
- Category-leading brands plus high-margin licensing (Chick-fil-A, Olive Garden, Texas Roadhouse)
Risks
- Low revenue growth (2.0%, 34th pct) and below-median gross margin (24th)
- Customer concentration (top 5 retail customers = 62% of Retail sales)
- Commodity input (soybean oil, eggs, flour) and recall/safety exposure
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $161M cash & investments
- Revenue declineRevenue -12.5% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
23.9%
Operating margin
11.5%
Net margin
8.8%
Return on equity
16.8%
Return on assets
13.1%
Revenue growth (QoQ)
-12.5%
Net-income growth
5.5%
Current ratio
2.4×
Free cash flow
$203M
EBITDA
$282M
Tangible book value
$776M
Cash & investments
$161M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-11 | Viso Luis | Sell | 1.2K | $109.31 |
| 2026-06-10 | Pigott, Thomas K. | Buy | 900 | $109.01 |
| 2026-05-17 | Viso Luis | Tax withheld | 500 | $114.01 |
| 2026-01-05 | FOX ROBERT L | Gift | 230 | — |
| 2025-11-20 | FOX ROBERT L | Gift | 1.8K | — |
| 2025-08-21 | Pigott, Thomas K. | Grant | 3.0K | — |
| 2025-08-21 | Pigott, Thomas K. | Tax withheld | 887 | $180.29 |
| 2025-08-21 | Ciesinski David Alan | Grant | 13K | — |
| 2025-08-21 | Ciesinski David Alan | Tax withheld | 5.8K | $180.29 |
| 2025-08-21 | Bird Kristin | Grant | 1.8K | — |
| 2025-08-21 | Bird Kristin | Tax withheld | 532 | $180.29 |
| 2025-08-16 | Pigott, Thomas K. | Tax withheld | 532 | $180.29 |
| 2025-08-16 | Ciesinski David Alan | Tax withheld | 2.7K | $180.29 |
| 2025-08-16 | Bird Kristin | Tax withheld | 319 | $180.29 |
| 2025-05-13 | Berman Tanya | Grant | 3.0K | — |
| 2025-02-13 | Ciesinski David Alan | Sell | 17K | $191.19 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (5)
- Chick-fil-A
- Olive Garden
- Buffalo Wild Wings
- Texas Roadhouse
- Subway
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-04 | ResultsExhibits | filing ↗ |
| 2026-05-01 | Debt obligationOtherExhibits | filing ↗ |
| 2026-03-09 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-11 | Exec/director changeOtherExhibits | filing ↗ |
| 2026-02-03 | ResultsOtherExhibits | filing ↗ |
| 2025-11-20 | Exec/director changeShareholder voteOtherExhibits | filing ↗ |
| 2025-11-04 | ResultsExhibits | filing ↗ |
| 2025-08-21 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-04 | 2026-05-04 | 0000057515-26-000011 ↗ |
| 10-Q | 2026-05-04 | 2026-03-31 | 0000057515-26-000012 ↗ |
| 8-K | 2026-05-01 | 2026-04-29 | 0001193125-26-201554 ↗ |
| 8-K | 2026-03-09 | 2026-03-04 | 0001193125-26-097693 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0000057515-26-000007 ↗ |
| 8-K | 2026-02-03 | 2026-02-02 | 0000057515-26-000004 ↗ |
| 10-Q | 2026-02-03 | 2025-12-31 | 0000057515-26-000005 ↗ |
| 8-K | 2025-11-20 | 2025-11-19 | 0000057515-25-000034 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0000057515-25-000031 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0000057515-25-000032 ↗ |
| 8-K | 2025-08-21 | 2025-08-21 | 0000057515-25-000019 ↗ |
| 10-K | 2025-08-21 | 2025-06-30 | 0000057515-25-000020 ↗ |