The Marzetti Company (MZTI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 213,463 | 216,764 | 201,821 | 205,766 | 205,515 | 174,154 | 167,275 | 151,901 | 143,297 | 164,786 | 127,273 | 120,885 | 112,388 | 119,328 | 164,170 | 177,324 | 185,745 | 185,141 | 178,514 | 174,898 |
| 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 |
| Pretax margin | 11.18% | 11.49% | 10.62% | 10.96% | 10.98% | 9.30% | 8.96% | 8.17% | 7.86% | 9.05% | 7.24% | 7.07% | 6.70% | 7.41% | 10.50% | 11.74% | 12.66% | 13.20% | 13.06% | 12.99% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $213,463K ÷ $1,909,122K
= 11.18%
The pretax margin for The Marzetti Company has demonstrated variability across the specified periods from September 2020 to June 2025. Initially, the margin started at approximately 12.99% as of September 30, 2020, and experienced a slight increase through the end of 2020, reaching 13.06% by December 31, 2020. Throughout early 2021, the pretax margin continued to fluctuate modestly, topping at 13.20% on March 31, 2021. Subsequently, there was a decline during the latter half of 2021, with the margin decreasing to 10.50% by December 31, 2021.
The downward trend persisted into 2022, with the margin sharply dropping to 7.41% as of March 31, 2022, and further declining to 6.70% by June 30, 2022. A slight recovery was observed later in 2022, with the margin edging upward to 7.07% at September 30, 2022, and stabilizing near 7.24% by December 31, 2022. During the first quarter of 2023, the margin increased to approximately 9.05%, and by June 30, 2023, it settled at 7.86%. The third quarter of 2023 saw a modest rise to 8.17%, followed by a more sustained upward movement approaching double digits, with the margin reaching 8.96% by December 31, 2023.
In 2024, the pretax margin continued an upward trajectory, passing through 9.30% in March, accelerating into double digits at 10.98% by June 30, and remaining close at 10.96% on September 30. For the first half of 2025, the trend persisted, with margins recorded at 11.49% in March and 11.18% in June, indicating a general recovery from earlier declines and a relatively higher profitability margin by mid-2025 relative to the lows experienced in 2022.
Peer comparison
Jun 30, 2025