The Marzetti Company (MZTI)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 220,317 | 223,090 | 208,359 | 198,452 | 199,363 | 169,150 | 163,412 | 148,985 | 141,508 | 163,744 | 126,719 | 120,698 | 111,911 | 119,118 | 164,123 | 177,415 | 185,852 | 185,110 | 177,712 | 173,192 |
| 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 |
| Operating profit margin | 11.54% | 11.83% | 10.97% | 10.57% | 10.65% | 9.03% | 8.75% | 8.02% | 7.76% | 9.00% | 7.20% | 7.06% | 6.68% | 7.40% | 10.50% | 11.75% | 12.67% | 13.20% | 13.01% | 12.86% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $220,317K ÷ $1,909,122K
= 11.54%
The operating profit margin of The Marzetti Company has exhibited notable fluctuations over the analyzed period. Beginning at approximately 12.86% as of September 30, 2020, the margin experienced a gradual upward trend, reaching a peak of around 13.20% by March 31, 2021. This period reflected stable operational efficiency, with margins remaining above 12%.
Subsequently, a decline commenced, with the margin decreasing to approximately 11.75% by September 30, 2021, and further dropping to about 10.50% by the end of 2021. The downward trend intensified markedly in 2022, with the margin falling sharply to 7.40% as of March 31, 2022, and subsequently reaching a low of 6.68% by June 30, 2022, indicative of increased costs, reduced pricing power, or operational challenges during this timeframe.
From late 2022 onward, the operating profit margin demonstrated signs of recovery and stabilization. It climbed back to over 7% by September 30, 2022, and remained in that vicinity through December 2022. As of March 31, 2023, the margin further increased to 9.00%. The recovery continued into 2024, with the margin reaching approximately 10.65% by June 30, 2024, and maintaining a relatively steady level around 10.57% on September 30, 2024.
The most recent data indicates ongoing improvement, with margins incrementally increasing to 10.97% as of December 31, 2024, and further rising to approximately 11.83% by March 31, 2025. The margin then experienced a slight decrease to about 11.54% by June 30, 2025, but generally reflects an improved operational profitability compared to the earlier declining phase.
Overall, the operating profit margin experienced a significant decline during 2022, suggestive of increased operational pressures or external factors affecting profitability. The subsequent trend indicates recovery and operational stabilization, with margins returning to levels slightly above those observed prior to the dip. This pattern underscores periods of operational challenges followed by strategic improvements leading to restored profitability levels.
Peer comparison
Jun 30, 2025