MZTI on Nasdaq

T. Marzetti Company

American food group

The T. Marzetti Company is the Specialty Food Group of the Lancaster Colony Corporation. T. Marzetti produces numerous salad dressings, fruit and vegetable dips, frozen baked goods, and specialty brand items.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$1.9BRevenue, fiscal 20264
$191.6MNet income, fiscal 20264
1896Founded1

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  • TickerMZTI on Nasdaq1
  • Industryfood processing1
  • HeadquartersOH1
  • Websitewww.marzetti.com
  • Incorporated inOH5
  • Business address380 Polaris Parkway, Westerville, Oh 430825
  • Filer categoryLarge accelerated filer5

The T. Marzetti Company is the Specialty Food Group of the Lancaster Colony Corporation. T. Marzetti produces numerous salad dressings, fruit and vegetable dips, frozen baked goods, and specialty brand items. It is one of the largest food and beverage companies based in Central Ohio. Headquartered in Westerville, Ohio, the T. Marzetti Company was founded by Teresa Marzetti.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

24.7%Gross margin4
12.4%Operating margin4
9.9%Net margin4
1.1%Revenue growth, 20264
18.2%Return on equity4
0.18×Debt to equity4
$206.1MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Retail brought in 52% of the revenue T. Marzetti Company broke down this way in fiscal 2026.

  1. Retail$1.0B452%down 0% from 2025
  2. Foodservice$927.1M448%up 2% from 2025
Business segments by year
Business segments202420252026
Retail$988.4M$1.0B$1.0B
Foodservice$883.3M$905.7M$927.1M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue75¢$1.5B
  • Selling, general and admin13¢$254.6M
  • Income tax3¢$50.4M
  • Profit10¢$191.6M

Out of $1.9B in revenue.4

Where each dollar of operating cash went, fiscal 2026

  • Capital spending27¢$77.7M
  • Dividends paid38¢$108.8M
  • Share buybacks13¢$36.3M
  • Kept or used elsewhere22¢$61.1M

Out of $283.8M of cash from operations.4

Financial statements

Revenue78910114$1.9B in 2026+48% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.3B$1.3B20192020: $1.3B$1.3B2020+2%2021: $1.5B$1.5B2021+10%2022: $1.7B$1.7B2022+14%2023: $1.8B$1.8B2023+9%2024: $1.9B$1.9B2024+3%2025: $1.9B$1.9B2025+2%2026: $1.9B$1.9B2026+1%
Gross profit78910114$477.3M in 2026+46% since 2019
0$200.0M$400.0M$600.0M2019: $326.2M$326.2M20192020: $358.0M$358.0M2020+10%2021: $386.7M$386.7M2021+8%2022: $355.7M$355.7M2022−8%2023: $388.6M$388.6M2023+9%2024: $432.3M$432.3M2024+11%2025: $455.6M$455.6M2025+5%2026: $477.3M$477.3M2026+5%
Operating income78910114$238.7M in 2026+25% since 2019
0$100.0M$200.0M$300.0M2019: $190.9M$190.9M20192020: $175.9M$175.9M2020−8%2021: $185.9M$185.9M2021+6%2022: $111.9M$111.9M2022−40%2023: $141.5M$141.5M2023+26%2024: $199.4M$199.4M2024+41%2025: $220.3M$220.3M2025+11%2026: $238.7M$238.7M2026+8%
Net income78910114$191.6M in 2026+27% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $150.5M$150.5M20192020: $137.0M$137.0M2020−9%2021: $142.3M$142.3M2021+4%2022: $89.6M$89.6M2022−37%2023: $111.3M$111.3M2023+24%2024: $158.6M$158.6M2024+43%2025: $167.3M$167.3M2025+6%2026: $191.6M$191.6M2026+14%

Every line of the income statement in the latest annual report, as filed.4

Period ending2026-06-302025-06-302024-06-30
Net Sales$1.9B$1.9B$1.9B
Cost of Sales$1.5B$1.5B$1.4B
Gross Profit$477.3M$455.6M$432.3M
Selling, General and Administrative Expenses$254.6M$230.2M$218.1M
Restructuring, Impairment and Other, Net-$16.0M$5.1M$14.9M
Operating Income$238.7M$220.3M$199.4M
Interest Expense-$1.8M$0$0
Pension Settlement Charge$0-$14.0M$0
Other, Net$5.0M$7.1M$6.2M
Income Before Income Taxes$242.0M$213.5M$205.5M
Taxes Based on Income$50.4M$46.1M$46.9M
Net Income$191.6M$167.3M$158.6M
Basic (in dollars per share)$6.98$6.08$5.77
Diluted (in dollars per share)$6.98$6.07$5.76
Basic (in shares)27.4M shares27.5M shares27.4M shares
Diluted (in shares)27.4M shares27.5M shares27.5M shares

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The story

Teresa (née Piacentini) Marzetti was born in 1878 in Florence, Italy and came to the United States at the age of 18. After arriving in Columbus, Ohio by way of Genoa and then Ellis Island, New York, she married Joseph Marzetti, who was also an immigrant born in Italy. In 1896, Teresa and Joseph founded an Italian restaurant primarily serving students of the Ohio State University in Columbus. According to company lore, Teresa wrote down her goal in founding the company on a scrap of paper: "We will start a new place and serve good food. At a profit if we can, at a loss if we must, but we will serve good food." Joseph Marzetti died in 1911, but Teresa continued to run the business and in 1919, she opened a second location on Gay Street, followed by the closure of the original University District site a few years later. Marzetti remarried in April of 1924 to Carl Schaufele.

A Marzetti staple was its homemade salad dressings, which began to be sold via mail shortly following the founding of the business, along with diet mayonnaise. Employee Katharine Hill is credited with the creation of Marzetti's dressing line. While it is sometimes said that Teresa invented the Midwestern casserole dish Johnny Marzetti and named it after her brother-in-law, the company said that there is no evidence for this story and it is not one the T. Marzetti corporation shares. Attribution of the dish to Teresa dates to at least 1973 in a statement by the president of T. Marzetti. In 1940, Marzetti's operations moved to 16 East Broad Street, across from the Ohio Statehouse, its most well-known location and one which was well-regarded in the city.

By 1955, Marzetti's upstairs kitchen of the restaurant became a full-scale factory, and the Marzetti brand of salad dressings found its way into grocery stores throughout Ohio due to initial success with takeout from the restaurant. By the late 1960's, the company built a dressing production plant in Columbus' Clintonville neighborhood on Indianola Avenue which served clients including Kmart, Big Bear Stores, and Kroger. After Teresa Marzetti's death in 1972, the restaurant closed, but the company and factory have continued on to this day.

Today, the company has expanded its operations at other plants including two additional plants in Columbus, as well as in Horse Cave, Kentucky. The plant in Milpitas, California was closed in 2025.

From Wikipedia’s article on T. Marzetti Company, shared under CC BY-SA 4.0.6

Leadership

Who has led T. Marzetti Company, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (25)

Products and brands

Products

Caviar

Condiments

Croutons and toppings

Desserts and glazes

Read the full text

Dips

Dressings

Egg noodles

Frozen breads and rolls

Light and reduced-calorie dressings

Fresh bread

Brands

Marzetti (dressings and dips)

New York Brand (frozen breads and croutons)

Sister Schubert's (frozen breads)

Amish Kitchens (egg noodles)

Chatham Village (croutons)

Cardini's (dressings)

Girard's (dressings), now licensed to a subsidiary of Haco AG, Bern, Switzerland

Inn Maid (egg noodles)

Pfeiffer (dressings)

Reames (egg noodles)

Romanoff (caviar)

Jack Daniel's mustard

Angelic Bakehouse (bread, wraps, and crusts)

Flatout (flatbreads and flatbread products)

Chick-fil-A sauce

From Wikipedia’s article on T. Marzetti Company, shared under CC BY-SA 4.0.6

Former names

  • LANCASTER COLONY CORPOct 7, 1994 to May 16, 20255

Timeline

  1. Sep 11, 2026New chief executive Luis Viso becomes CEO14
  2. Mar 1, 2018New chief executive David Alan Ciesinski becomes CEO15
  3. Jun 8, 2004New chief executive John B. Gerlach Jr. becomes CEO16
  4. Jan 3, 1994Went public Listed on NASDAQ1
  5. 1896Founded Founded1

Recent filings

  1. Oct 13, 2026DEF 14A
  2. Oct 9, 20268-K
  3. Sep 11, 20264
  4. Sep 10, 2026144
  5. Aug 28, 20264
  6. Aug 28, 20264
  7. Aug 28, 20264
  8. Aug 28, 20264
  9. Aug 25, 20268-K
  10. Aug 25, 202610-K
  11. Aug 20, 20264
  12. Aug 20, 20264
  13. Aug 20, 20264
  14. Aug 20, 20264
  15. Aug 20, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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