MZTIMARZETTI CO
Canned, Frozen & Preservd Fruit, Veg & Food Specialties
- Revenue
- $1.9B
- 1.1% YoY
- Operating margin
- 12.4%
- 7.2% YoY
- EBITDA
- $310M
- 9.8% YoY
- Market cap
- $3.0B
- Employees
- 3,500
- $551K revenue each
- Net debt / EBITDA
- 0.6×
- $174M net debt
- AI in 10-K
- 0.6
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersYes4 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$5M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo148% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo51% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo31% of assetsOver 40% of assets
- Shareholder dissentNo92% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$551K · 32nd pctBottom quartile of its SIC industry
- Quiet on AINo0.6 per 10K words · 25th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.6× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$3.0B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$136K netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.8B | $1.9B | $1.9B | $1.9B | 1.1% |
| Operating income | $112M | $142M | $199M | $220M | $239M | 8.3% |
| Net income | $90M | $111M | $159M | $167M | $192M | 15% |
| Operating cash flow | $102M | $226M | $252M | $261M | $284M | 8.5% |
| Capex | $132M | $90M | $68M | $58M | $78M | 34% |
| Stock-based comp | $10M | $9M | $11M | $9M | $10M | 13% |
| Buybacks | $8M | $9M | $8M | $8M | $36M | 354% |
| Dividends | $87M | $92M | $98M | $104M | $109M | 5.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $98K · 1
- Open-market sells, 12 mo
- $234K · 2
- Net
- −$136K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $6M | $2M | 66 | 87 |
| FY2025 | $5M | $4M | 97 | 98 |
| FY2024 | $5M | $6M | 104 | 102 |
| FY2023 | $5M | $10M | 108 | 113 |
| FY2022 | $4M | −$245K | 68 | 106 |