The Marzetti Company (MZTI)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 455,646 | 447,172 | 445,704 | 434,404 | 432,302 | 427,858 | 417,601 | 398,235 | 388,568 | 393,812 | 367,907 | 362,407 | 355,719 | 353,975 | 376,193 | 386,436 | 386,723 | 379,126 | 365,538 | 358,582 |
| Revenue (ttm) | US$ in thousands | 1,909,122 | 1,886,520 | 1,900,130 | 1,876,745 | 1,871,759 | 1,873,595 | 1,867,084 | 1,858,562 | 1,822,527 | 1,820,279 | 1,758,838 | 1,709,871 | 1,676,390 | 1,609,543 | 1,563,298 | 1,509,886 | 1,467,067 | 1,402,355 | 1,366,469 | 1,346,571 |
| Gross profit margin | 23.87% | 23.70% | 23.46% | 23.15% | 23.10% | 22.84% | 22.37% | 21.43% | 21.32% | 21.63% | 20.92% | 21.19% | 21.22% | 21.99% | 24.06% | 25.59% | 26.36% | 27.03% | 26.75% | 26.63% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $455,646K ÷ $1,909,122K
= 23.87%
The gross profit margin of The Marzetti Company demonstrates variability over the analyzed period, indicating fluctuations in the company's ability to manage cost of goods sold relative to sales revenue. From September 30, 2020, through September 30, 2021, the gross profit margin remained relatively stable, ranging between approximately 25.59% and 27.03%, suggesting consistent gross profitability during this timeframe. However, starting in late 2021, a noticeable decline is observed, with the margin decreasing from 24.06% on December 31, 2021, to a low of approximately 20.92% on December 31, 2022. This downward trend reflects increasing costs or margin compression during this period.
The subsequent period reveals a gradual recovery, with the gross profit margin rising again from late 2022 through the first half of 2024, reaching around 23.10% by June 30, 2024. This upward movement suggests an improvement in gross profitability, possibly due to cost control measures, pricing strategies, or product mix adjustments. The margins stabilize at slightly above 23% from December 2024 onward, with values at 23.46% as of December 31, 2024, and progressively increasing through March 2025 to approximately 23.87% on June 30, 2025.
Overall, the company's gross profit margin displays a cycle of stabilization, compression, and subsequent recovery, reflecting operational adjustments and external influences that have affected profitability during the analyzed period. The recent upward trend indicates potential margin enhancements or improvements in cost management strategies.
Peer comparison
Jun 30, 2025