The Marzetti Company
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.93B | $1.91B | $1.87B | $1.82B | $1.68B | $1.47B | $1.33B | $1.31B |
| Cost of Revenue | $1.45B | $1.45B | $1.44B | $1.43B | $1.32B | $1.08B | $976.4M | $981.6M |
| Gross Profit | $477.3M | $455.6M | $432.3M | $388.6M | $355.7M | $386.7M | $358.0M | $326.2M |
| Gross Margin | 24.7% | 23.9% | 23.1% | 21.3% | 21.2% | 26.4% | 26.8% | 24.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $254.6M | $230.2M | $218.1M | $222.1M | $212.1M | $205.4M | $180.9M | $149.8M |
| Operating Income | $238.7M | $220.3M | $199.4M | $141.5M | $111.9M | $185.9M | $175.9M | $190.9M |
| Operating Margin | 12.4% | 11.5% | 10.7% | 7.8% | 6.7% | 12.7% | 13.2% | 14.6% |
| Interest Expense | $1.8M | $0 | $0 | — | — | — | — | — |
| Pretax Income | $242.0M | $213.5M | $205.5M | $143.3M | $112.4M | $185.7M | $179.1M | $195.5M |
| Income Tax Expense | $50.4M | $46.1M | $46.9M | $32.0M | $22.8M | $43.4M | $42.1M | $45.0M |
| Net Income | $191.6M | $167.3M | $158.6M | $111.3M | $89.6M | $142.3M | $137.0M | $150.5M |
| Net Margin | 9.9% | 8.8% | 8.5% | 6.1% | 5.3% | 9.7% | 10.3% | 11.5% |
| EPS (Basic) | $6.98 | $6.08 | $5.77 | $4.04 | $3.26 | $5.17 | $4.98 | $5.48 |
| EPS (Diluted) | $6.98 | $6.07 | $5.76 | $4.04 | $3.25 | $5.16 | $4.97 | $5.46 |
| Shares Outstanding (Basic) | 27.4M | 27.5M | 27.4M | 27.5M | 27.4M | 27.5M | 27.4M | 27.4M |
| Shares Outstanding (Diluted) | 27.4M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M | 27.5M |
| Dividends Per Share | $3.95 | $3.75 | $3.55 | $3.35 | $3.15 | $2.95 | $2.75 | $2.55 |