The Marzetti Company (MZTI)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 167,347 | 169,646 | 156,872 | 159,363 | 158,613 | 132,951 | 129,156 | 117,645 | 111,286 | 131,164 | 102,126 | 96,523 | 89,586 | 92,268 | 125,648 | 135,908 | 142,332 | 140,991 | 134,523 | 133,317 |
| Total stockholders’ equity | US$ in thousands | 998,495 | 996,248 | 979,866 | 945,052 | 925,772 | 912,852 | 908,326 | 878,768 | 862,267 | 873,184 | 879,550 | 862,071 | 844,687 | 838,622 | 865,009 | 850,055 | 843,147 | 831,113 | 826,360 | 801,106 |
| ROE | 16.76% | 17.03% | 16.01% | 16.86% | 17.13% | 14.56% | 14.22% | 13.39% | 12.91% | 15.02% | 11.61% | 11.20% | 10.61% | 11.00% | 14.53% | 15.99% | 16.88% | 16.96% | 16.28% | 16.64% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $167,347K ÷ $998,495K
= 16.76%
The analysis of The Marzetti Company’s return on equity (ROE) over the specified period reveals a pattern characterized by modest fluctuations with an overall upward trend in recent periods. Initially, from September 30, 2020, through September 30, 2021, the ROE maintained levels around 16%, with slight declines toward the end of 2021, notably dropping to 14.53% by December 31, 2021, and further decreasing to a low of 11.00% as of March 31, 2022.
Between March 31, 2022, and June 30, 2022, the ROE remained relatively stable at approximately 10.60% to 11.20%, reflecting possible period of subdued profitability or increased equity base. Subsequently, the metric showed signs of recovery, increasing to 15.02% by March 31, 2023, and further to 12.91% at June 30, 2023. By September 30, 2023, the ROE reached 13.39%, indicating continued improvement.
The most notable development occurred between September 30, 2023, and June 30, 2024, where the ROE experienced a significant rise from 13.39% to 17.13%, suggesting enhancements in profitability or leverage. Following this peak, the ROE slightly declined to 16.86% by September 30, 2024, before declining further to 16.01% as of December 31, 2024. The trend shifted positively again by March 31, 2025, with the ROE increasing to 17.03%, and it remained relatively stable at 16.76% by June 30, 2025.
Overall, the company's ROE has demonstrated resilience with periods of decline and recovery, ultimately trending upward in the most recent periods. The fluctuations may reflect variations in net income, equity management, or overall operational performance, but the recent upward movement indicates improved efficiency in generating profit from shareholders' equity.
Peer comparison
Jun 30, 2025