The Marzetti Company (MZTI)
Pretax margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 213,463 | 205,515 | 143,297 | 112,388 | 185,745 |
| Revenue | US$ in thousands | 1,909,120 | 1,871,760 | 1,822,530 | 1,676,390 | 1,467,070 |
| Pretax margin | 11.18% | 10.98% | 7.86% | 6.70% | 12.66% |
June 30, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $213,463K ÷ $1,909,120K
= 11.18%
The pretax margin of The Marzetti Company has exhibited notable fluctuations over the specified period. As of June 30, 2021, the pretax margin stood at 12.66%, reflecting a relatively robust profitability level before taxes. By June 30, 2022, the margin experienced a significant decline to 6.70%, representing nearly a 46.9% reduction, which may suggest increased expenses, reduced gross profitability, or other operational challenges during that period.
Subsequently, the pretax margin saw a modest rebound by June 30, 2023, rising to 7.86%, indicating an improvement in profitability metrics relative to the previous year, though it remained well below the 2021 peak. Continuing this trend, the margin increased further to 10.98% by June 30, 2024, suggesting a recovery and potential strengthening of operational efficiency or cost management strategies. The most recent data point for June 30, 2025, indicates a margin of 11.18%, surpassing the 2024 level and approaching the earlier fiscal year’s figures, thus signaling a stabilization in profitability margins.
Overall, the company's pretax margin demonstrates considerable variability, with an initial high in 2021, a sharp decline in 2022, followed by gradual improvements leading into 2025. The upward trend observed from 2023 onward suggests a possible recovery phase, potentially driven by strategic adjustments, cost controls, or changes in revenue streams. However, the margin remains below the initial 2021 level, highlighting ongoing challenges or market conditions that continue to influence profitability.
Peer comparison
Jun 30, 2025