The Marzetti Company (MZTI) Cash Flow: Operating & Free Cash Flow

The Marzetti Company (MZTI) Cash Flow Statement

In fiscal 2026 (fiscal year ended Jun 30, 2026), The Marzetti Company generated $283.82M of operating cash flow and spent $77.68M on capital expenditures. That left free cash flow of $206.14M, up 1.3% from $203.50M a year earlier, or 10.7% of revenue. It returned $145.03M to shareholders through $108.76M in dividends and $36.27M in share buybacks.

The Marzetti Company Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for The Marzetti Company (MZTI) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Operating Activities
Net Income	191.61	167.35	158.61	111.29	89.59	142.33	136.98	150.55	135.31	115.31
Depreciation & Amortization	71.45	62.17	55.90	51.21	45.88	44.51	37.96	31.85	26.90	24.91
Deferred Income Tax	0.00	0.50	-6.55	9.45	2.23	4.63	11.40	7.34	-8.50	2.35
Stock Based Compensation	10.17	8.98	11.36	9.08	9.56	7.13	6.12	5.97	5.04	4.25
Change in Working Capital	-2.88	3.15	18.18	20.11	-73.59	-19.83	-21.42	17.19	0.36	-1.62
Change in Accounts Receivable	-0.84	-0.26	19.41	20.53	-37.60	-11.29	-10.91	-0.75	-3.04	-2.60
Change in Inventory	-26.68	8.02	-14.99	-13.56	-22.83	-36.83	1.02	6.28	-14.49	0.15
Change in Accounts Payable	30.28	-1.28	14.40	0.00	-17.09	31.82	2.74	14.74	15.72	3.79
Change in Other Working Capital	-5.64	-3.33	-0.64	24.97	28.82	-3.52	-14.27	-3.09	2.16	-2.96
Other Operating Activities	13.47	19.85	7.51	24.97	28.82	0.05	-0.27	-15.30	1.61	0.28
Net Cash from Operating Activities	283.82	261.50	251.55	225.90	101.81	174.19	170.77	197.60	160.71	144.36
Investing Activities
Capital Expenditures	-77.68	-58.00	-67.58	-90.18	-131.97	-87.87	-82.64	-70.88	-31.03	-27.01
Acquisitions	-399.29	-78.82	0.00	1.21	0.37	0.15	0.13	-55.36	-0.32	-35.17
Other Investing Activities	-70.75	-11.39	-6.83	-1.81	-0.64	-1.26	-0.75	-0.62	-0.11	1.57
Net Cash from Investing Activities	-470.04	-148.21	-67.43	-90.78	-132.24	-88.98	-83.27	-126.86	-31.45	-60.61
Financing Activities
Debt Repayment	196.96	-2.05	0.00	-2.33	-2.66	0.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-36.27	-9.70	-9.26	-9.20	-7.56	-12.20	-5.46	-7.41	-1.10	-0.87
Dividends Paid	-108.76	-103.50	-97.93	-92.37	-86.76	-81.23	-75.64	-70.11	-64.53	-58.98
Other Financing Activities	-2.09	-2.05	-1.96	-3.03	-0.37	-2.00	-4.42	-2.68	-0.98	-1.81
Net Cash from Financing Activities	49.84	-115.26	-109.15	-106.93	-97.35	-95.43	-85.52	-80.20	-66.61	-58.72
Summary
Net Change in Cash	-136.38	-1.97	74.97	28.19	-127.77	-10.22	1.99	-9.46	62.65	25.02
Cash at Beginning of Period	161.48	163.44	88.47	60.28	188.06	198.27	196.29	205.75	143.10	118.08
Cash at End of Period	25.10	161.48	163.44	88.47	60.28	188.06	198.27	196.29	205.75	143.10
Free Cash Flow	206.14	203.50	183.98	135.72	-30.16	86.32	88.13	126.72	129.69	117.35
Supplemental Disclosures
Income Taxes Paid	-	52.52	53.58	26.33	17.83	40.74	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About The Marzetti Company Cash Flow

What is The Marzetti Company's free cash flow?

The Marzetti Company generated free cash flow of $206.14M in fiscal 2026 (fiscal year ended Jun 30, 2026), operating cash flow of $283.82M minus $77.68M of capital expenditures. That was up 1.3% from $203.50M a year earlier. Free cash flow equaled 10.7% of revenue.

How much does The Marzetti Company spend on capital expenditures?

The Marzetti Company spent $77.68M on capital expenditures in fiscal 2026, compared with $58.00M a year earlier. That equals 27.4% of operating cash flow.

Does The Marzetti Company pay dividends or buy back shares?

Yes. In fiscal 2026 The Marzetti Company returned $108.76M in dividends and $36.27M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition