# The Marzetti Company (LANC)

**Exchange:** NASDAQ  
**Sector:** Consumer Defensive  
**Market cap:** $2.95B  
**Price:** $107.36 (+0.84%)

> The Marzetti Company is a specialty food manufacturer known for producing and marketing a wide variety of branded and licensed food products. With roots dating back to 1896, the company originated as a restaurant before evolving into a prominent food manufacturer headquartered in Westerville, Ohio. Its product portfolio includes household names such as Marzetti dressings and dips, New York Bakery frozen breads, and Sister Schubert’s dinner rolls. The company also holds exclusive licensing agreements to manufacture sauces and dressings for well-known restaurant brands, including Olive Garden, Chick-fil-A, and Buffalo Wild Wings. Serving both retail and foodservice sectors, The Marzetti Company supplies sauces, breads, pastas, and condiments to grocery stores and restaurant chains across the United States. As one of the largest food and beverage companies in Central Ohio, The Marzetti Company plays a significant role in the specialty food segment, recognized for its focus on quality, innovation, and enduring consumer trust.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.91B | $456M | $225M | $167M | $6.07 |
| 2024 | $1.87B | $432M | $214M | $159M | $5.76 |
| 2023 | $1.82B | $389M | $166M | $111M | $4.04 |
| 2022 | $1.68B | $356M | $144M | $90M | $3.25 |
| 2021 | $1.47B | $387M | $181M | $142M | $5.16 |
| 2020 | $1.33B | $358M | $177M | $137M | $4.97 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.27B | $276M | $998M | $161M | $44M |
| 2024 | $1.21B | $281M | $926M | $163M | $45M |
| 2023 | $1.11B | $251M | $862M | $88M | $19M |
| 2022 | $1.09B | $246M | $845M | $60M | $25M |
| 2021 | $1.10B | $258M | $843M | $188M | $24M |
| 2020 | $993M | $210M | $783M | $198M | $19M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $249M | — | $203M |
| 2024 | $237M | — | $184M |
| 2023 | $212M | — | $136M |
| 2022 | $120M | — | -$30M |
| 2021 | $142M | — | $86M |
| 2020 | $168M | — | $88M |

Source: [DividendWall](https://dividendwall.com/company/LANC)