A Business at a Glance
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Freshpet, Inc. (“Freshpet,” the “Company,” "we" or "our") is disrupting the over $56.0 billion United States pet food industry by driving consumers to reassess conventional dog and cat food offerings that have remained essentially unchanged for decades. We position our brand to benefit from mainstream trends of growing pet humanization and consumer focus on health and wellness. We price our products to be accessible to the average consumer, providing us with broad demographic appeal and allowing us to penetrate multiple classes of retail, including grocery, mass, international, digital, pet specialty, and club. We have successfully expanded our network of Freshpet Fridges within leading blue-chip retail chains. The strength of our business model extends to our customers, who we believe find that Freshpet grows their pet category sales, drives higher traffic, increases shopper frequency and delivers category leading margins.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.1B | 975M | 767M | 595M | 425M |
| Net Income | 139M | 139M | 47M | -34M | -59M | -30M |
| EPS | $2.64 | $2.64 | $0.93 | $-0.70 | $-1.29 | $-0.69 |
| Free Cash Flow | 12M | 12M | -33M | -163M | -273M | -321M |
| ROIC | 14.5% | 8.2% | 5.0% | -3.3% | -6.8% | -5.3% |
| Gross Margin | 40.8% | 40.8% | 40.6% | 32.7% | 31.2% | 38.1% |
| Debt/Equity | 0.08 | 0.08 | 0.03 | 0.03 | 0.01 | 0.01 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 76M | 76M | 38M | -30M | -52M | -25M |
| Operating Margin | 6.9% | 6.9% | 3.9% | -4.0% | -8.7% | -5.8% |
| ROE | 11.5% | 12.3% | 4.7% | -3.4% | -6.8% | -5.3% |
| Shares Outstanding | 53M | 53M | 50M | 48M | 46M | 43M |
Freshpet, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Freshpet, Inc. trades at 25.9x trailing earnings, compared to its 15-year median P/E of 24.3x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average gross margin is 36.7%. At current prices, the estimated annualized return to fair value is +60.0%.
Freshpet, Inc. (FRPT) has a current P/E ratio of 25.9, compared to its historical median P/E of 24.3. The stock is currently considered Expensive based on its historical valuation range.
Freshpet, Inc. (FRPT) has a 5-year average return on invested capital (ROIC) of -0.4%. This is below average and may indicate limited pricing power.
Freshpet, Inc. (FRPT) has a market capitalization of $3.6B. It is classified as a mid-cap stock.
Freshpet, Inc. (FRPT) does not currently pay a regular dividend.
Based on historical P/E analysis, Freshpet, Inc. (FRPT) appears expensive. The current P/E of 25.9 is 6% above its historical median of 24.3. The estimated fair value CAGR (P/E method) is 60.0%.
Freshpet, Inc. (FRPT) operates in the Grain Mill Products industry, within the Consumer Defensive sector.
Freshpet, Inc. (FRPT) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Freshpet, Inc. (FRPT) has a net profit margin of 12.6%. This is a healthy margin.
Freshpet, Inc. (FRPT) generated $12 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Freshpet, Inc. (FRPT) has a debt-to-equity ratio of 0.08. This indicates a conservatively financed balance sheet.
Freshpet, Inc. (FRPT) reported earnings per share (EPS) of $2.64 in its most recent fiscal year.
Freshpet, Inc. (FRPT) has a return on equity (ROE) of 12.3%. This indicates moderate shareholder returns.
Freshpet, Inc. (FRPT) has a 5-year average gross margin of 36.7%. This indicates decent pricing power.
The Ledger Terminal provides 14 years of financial data for Freshpet, Inc. (FRPT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Freshpet, Inc. (FRPT) has a book value per share of $22.93, based on its most recent annual SEC filing.