MZTI
The Marzetti Company
MZTI's fundamentals are mixed, but it looks cheap: trading at 17x earnings, about half its usual 34x. Analysts expect earnings to hold roughly steady.
MZTI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Healthy |
MZTI's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
MZTI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $111 | — |
| Current | 17x | $111 | — |
| Cheap | 27x | $173 | +56% |
| Fair | 34x | $216 | +95% |
| Expensive | 41x | $262 | +137% |
Historical ranges are pointers, not guarantees.
MZTI's PE is in its cheap range at 17x. On analysts' estimates for next year's earnings, today's price would be 16x.
MZTI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect MZTI's earnings, revenue and profitability to hold roughly steady.
MZTI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.71 | +5.8% |
| Q3 2026 | $6.34 | +2.9% |
| Q2 2026 | $6.98 | +15% |
| Q1 2026 | $6.39 | +3.7% |
| Q4 2025 | $6.53 | +15% |
| Q3 2025 | $6.16 | +6.4% |
| Q2 2025 | $6.07 | +5.4% |
| Q1 2025 | $6.16 | +28% |
| Q4 2024 | $5.70 | +22% |
MZTI's earnings per share have climbed steadily: $6.34 over the past year, up 2.9% from the year before, and higher year over year for 15 quarters in a row.
MZTI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $481.5M | -2.4% |
| Q2 2026 | $465M | -2.2% |
| Q1 2026 | $453.4M | -1% |
| Q4 2025 | $518M | +1.7% |
| Q3 2025 | $493.5M | +5.8% |
| Q2 2025 | $475.4M | +5% |
| Q1 2025 | $457.8M | -2.9% |
| Q4 2024 | $509.3M | +4.8% |
MZTI's revenue grew through 2023 and has held roughly level since: $482M last quarter, down 2.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.6% | -3.4 points |
| Q2 2026 | 12% | +4.2 points |
| Q1 2026 | 10% | -0.6 points |
| Q4 2025 | 15% | -0.3 points |
| Q3 2025 | 12% | 0 points |
| Q2 2025 | 8.2% | -1 points |
| Q1 2025 | 11% | +3.4 points |
| Q4 2024 | 15% | +1.3 points |
MZTI's operating margin was 8.6% last quarter, down 3.4 points from the same quarter a year ago.
MZTI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $33.1M | -39% |
| Q2 2026 | $32.1M | -57% |
| Q1 2026 | $49.3M | +60% |
| Q4 2025 | $70.9M | -27% |
| Q3 2025 | $53.9M | +2287% |
| Q2 2025 | $73.9M | +299% |
| Q1 2025 | $30.8M | -50% |
| Q4 2024 | $96.6M | +11% |
MZTI generated $185M in free cash flow over the past year, down 27% from the year before.
MZTI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -131K shares |
| 1 year | -0.8% | -219K shares |
| 3 years | -0.7% | -198K shares |
| 5 years | -0.9% | -240K shares |
| Available history | -0.8% | -214K shares |
MZTI has 27M diluted shares, down 0.8% from a year ago, with $41M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.8M |
| Q2 2026 | $15.1M |
| Q1 2026 | $16,000 |
| Q4 2025 | $20.1M |
| Q3 2025 | $1.1M |
| Q2 2025 | $6.5M |
| Q1 2025 | $76,000 |
| Q4 2024 | $3,000 |
MZTI spent $41M buying back its own shares over the past year, about five times what it spent the year before.
MZTI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | -0.8x | Net Cash |
| Q4 2025 | -0.7x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.6x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.8x | Net Cash |
MZTI's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
MZTI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.1 | Neutral |
| Stochastic | 47.5 | Neutral |
MZTI's weekly RSI is 47 (neutral) and its Stochastic is 48 (neutral).
MZTI PE vs Consumer Defensive Sector
| Metric | MZTI | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 19x | 11% below |
| PE % | 4 | 18 | 14 pts below |
MZTI is trading at 17x earnings, a 11% discount to the Consumer Defensive sector's median of 19x.
MZTI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $104.8 | 5.5% above |
| 20 week MA | $107.8 | 2.6% above |
| 50 week MA | $129.4 | 15% below |
| 100 week MA | $152.6 | 28% below |
| 200 week MA | $169.6 | 35% below |
MZTI has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 35% below its 200-week average.
MZTI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $160.4 | $174.3 | +8.7% |
| 2021 | $174.3 | $162.2 | -7% |
| 2022 | $162.2 | $200.8 | +24% |
| 2023 | $200.8 | $166.4 | -17% |
| 2024 | $166.4 | $175.9 | +5.7% |
| 2025 | $175.9 | $165.9 | -5.7% |
| 2026 YTD | $165.9 | $110.5 | -33% |
MZTI has finished lower in three of the last six years. It's down 33% so far in 2026.