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Packaged foods · Consumer Defensive · Fiscal year ends Jun 30
Marzetti reported revenue of $1.9B in the fiscal year ended Jun 2026, up 1.1% from the year before. Operating income was $239M, an operating margin of 12.4%, and net income was $192M. Operating cash flow of $284M less capital expenditure of $78M left free cash flow of $206M. Net debt was $174M.
Ranks among the 21 packaged foods companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 1,676 | 1,823 | 1,872 | 1,909 | 1,930 |
| Cost of revenue | 1,321 | 1,434 | 1,439 | 1,453 | 1,453 |
| Gross profit | 356 | 389 | 432 | 456 | 477 |
| Selling, general & admin | 212 | 222 | 218 | 230 | 255 |
| Operating income | 112 | 142 | 199 | 220 | 239 |
| Interest expense | – | – | 0.0 | 0.0 | 1.8 |
| Pre-tax income | 112 | 143 | 206 | 213 | 242 |
| Income tax | 22.8 | 32.0 | 46.9 | 46.1 | 50.4 |
| Net income | 89.6 | 111 | 159 | 167 | 192 |
| Diluted EPS | 3.25 | 4.04 | 5.76 | 6.07 | 6.98 |
| Diluted shares | 27.5 | 27.5 | 27.5 | 27.5 | 27.4 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 60.3 | 88.5 | 163 | 161 | 25.1 |
| Receivables | 135 | 115 | 95.6 | 95.8 | 105 |
| Inventory | 145 | 158 | 173 | 169 | 205 |
| Current assets | 352 | 374 | 444 | 444 | 361 |
| Net PP&E | 451 | 482 | 478 | 535 | 552 |
| Goodwill | 208 | 208 | 208 | 223 | 500 |
| Total assets | 1,090 | 1,113 | 1,207 | 1,275 | 1,605 |
| Payables | 115 | 112 | 119 | 118 | 157 |
| Current liabilities | 166 | 169 | 184 | 186 | 232 |
| Short-term debt | – | – | – | 0.0 | 10.0 |
| Long-term debt | – | – | – | 0.0 | 189 |
| Total liabilities | 246 | 251 | 281 | 276 | 552 |
| Shareholders' equity | 845 | 862 | 926 | 998 | 1,053 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 102 | 226 | 252 | 261 | 284 |
| Capital expenditure | 132 | 90.2 | 67.6 | 58.0 | 77.7 |
| Free cash flow | −30.2 | 136 | 184 | 203 | 206 |
| Depreciation & amortisation | 45.9 | 51.2 | 55.9 | 62.2 | 71.4 |
| Stock-based compensation | 9.6 | 9.1 | 11.4 | 9.0 | 10.2 |
| Acquisitions | – | 0.0 | 0.0 | 78.8 | 399 |
| Share buybacks | 7.6 | 9.2 | 7.6 | 8.0 | 36.3 |
| Dividends paid | 86.8 | 92.4 | 97.9 | 104 | 109 |
| Dividend per share | 3.15 | 3.35 | 3.55 | 3.75 | 3.95 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 8.7% | 2.7% | 2.0% | 1.1% |
| Operating income growth (YoY) | – | 26.4% | 40.9% | 10.5% | 8.3% |
| EPS growth (YoY) | – | 24.3% | 42.6% | 5.4% | 15.0% |
| Gross margin | 21.2% | 21.3% | 23.1% | 23.9% | 24.7% |
| Operating margin | 6.7% | 7.8% | 10.7% | 11.5% | 12.4% |
| Net margin | 5.3% | 6.1% | 8.5% | 8.8% | 9.9% |
| Return on equityBlank when equity is negative | 10.6% | 12.9% | 17.1% | 16.8% | 18.2% |
| ROCEEBIT ÷ (assets − current liabilities) | 12.1% | 15.0% | 19.5% | 20.2% | 17.4% |
| Free cash flow margin | −1.8% | 7.4% | 9.8% | 10.7% | 10.7% |
| Cash conversion (CFO ÷ net income) | 1.14x | 2.03x | 1.59x | 1.56x | 1.48x |
| Receivable days | 30 | 23 | 19 | 18 | 20 |
| Inventory days | 40 | 40 | 44 | 43 | 52 |
| Payable days | 32 | 28 | 30 | 30 | 39 |
| Interest cover | – | – | – | – | 135x |
| Debt ÷ equity | – | – | – | 0.00x | 0.19x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | – | – | – | −161 | 174 |
| Current ratio | 2.12x | 2.22x | 2.41x | 2.38x | 1.56x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.