FRPT · Freshpet, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $297.64M | - | $288.85M | $264.69M | $263.25M | - | $253.37M | $235.25M | $223.85M | - |
| Cost of Revenue | $176.97M | - | $174.66M | $156.50M | $159.46M | - | $151.12M | $141.30M | $135.69M | - |
| Gross Profit | $120.67M | - | $114.19M | $108.19M | $103.79M | - | $102.25M | $93.95M | $88.16M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $116.34M | - | $89.29M | $90.39M | $115.28M | - | $90.34M | $95.70M | $79.69M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $23.94M | - | $23.64M | $19.85M | $20.92M | - | $18.82M | $17.31M | $15.81M | - |
| Operating Income | $4.33M | - | $24.90M | $17.80M | ($11.50M) | - | $11.91M | ($1.75M) | $8.46M | - |
| Interest Expense | $3.59M | - | $3.55M | $3.75M | $3.06M | - | $4.15M | $3.33M | $3.06M | - |
| Income Tax | $17.13M | - | ($77.96M) | ($102.0K) | $134.0K | - | $54.0K | $54.0K | $54.0K | - |
| Net Income | $48.51M | - | $101.66M | $16.36M | ($12.70M) | - | $11.89M | ($1.69M) | $18.60M | - |
| EPS - Basic | $0.99 | - | $2.08 | $0.34 | ($0.26) | - | $0.25 | ($0.03) | $0.38 | - |
| EPS - Diluted | $0.91 | - | $1.86 | $0.33 | ($0.26) | - | $0.24 | ($0.03) | $0.37 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $381.38M | $277.98M | $274.59M | $243.68M | $243.73M | $268.63M | $274.59M | $251.70M | $257.89M | $296.87M |
| Accounts Receivable | $65.37M | $63.76M | $64.33M | $60.38M | $62.65M | $68.42M | $65.02M | $68.16M | $68.51M | $56.75M |
| Inventory | $80.59M | $76.77M | $69.84M | $90.58M | $82.02M | $80.79M | $72.79M | $73.25M | $71.86M | $63.24M |
| Accounts Payable | $35.46M | $42.43M | $30.84M | $42.82M | $42.76M | $39.16M | $35.48M | $34.05M | $46.59M | $36.10M |
| Current Assets | $541.79M | $435.71M | $423.55M | $409.18M | $405.39M | $437.00M | $421.29M | $405.22M | $406.96M | $427.32M |
| Total Assets | $1.84B | $1.78B | $1.75B | $1.65B | $1.56B | $1.57B | $1.53B | $1.51B | $1.48B | $1.46B |
| Current Liabilities | $87.65M | $78.59M | $76.75M | $84.98M | $82.57M | $98.87M | $89.24M | $90.00M | $81.95M | $89.22M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $577.12M | $569.12M | $567.14M | $575.84M | $509.54M | $519.52M | $510.25M | $510.53M | $502.75M | $510.97M |
| Stockholders' Equity | $1.26B | $1.21B | $1.18B | $1.07B | $1.05B | $1.06B | $1.02B | $995.80M | $977.84M | $953.45M |
| Retained Earnings | ($94.16M) | ($142.67M) | ($176.48M) | ($278.15M) | ($294.50M) | ($281.81M) | ($299.93M) | ($311.82M) | ($310.13M) | ($328.73M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $40.33M | - | - | - | $4.81M | - | - | - | $5.41M | - |
| Investing Cash Flow | $67.86M | - | - | - | ($26.49M) | - | - | - | ($46.47M) | - |
| Financing Cash Flow | ($4.78M) | - | - | - | ($3.22M) | - | - | - | $2.09M | - |
| CapEx | $27.60M | - | - | - | $26.49M | - | - | - | $46.47M | - |
| Free Cash Flow | $12.73M | - | - | - | ($21.68M) | - | - | - | ($41.07M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 40.5% | - | 39.5% | 40.9% | 39.4% | - | 40.4% | 39.9% | 39.4% | - |
| Operating margin | 1.5% | - | 8.6% | 6.7% | -4.4% | - | 4.7% | -0.7% | 3.8% | - |
| EBITDA margin | 9.5% | - | 16.8% | 14.2% | 3.6% | - | 12.1% | 6.6% | 10.8% | - |
| Net margin | 16.3% | - | 35.2% | 6.2% | -4.8% | - | 4.7% | -0.7% | 8.3% | - |
| Free cash flow margin | 4.3% | - | - | - | -8.2% | - | - | - | -18.3% | - |
| FCF / Net income | 0.26 | - | - | - | 1.71 | - | - | - | -2.21 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 39.1% | - | 30.9% | 34.1% | 43.8% | - | 35.7% | 40.7% | 35.6% | - |
| Effective tax rate | 26.1% | - | -328.9% | -0.6% | - | - | 0.5% | - | 0.3% | - |
| Return on assets | 2.6% | - | 5.8% | 1.0% | -0.8% | - | 0.8% | -0.1% | 1.3% | - |
| Return on equity | 3.8% | - | 8.6% | 1.5% | -1.2% | - | 1.2% | -0.2% | 1.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 6.18 | 5.54 | 5.52 | 4.81 | 4.91 | 4.42 | 4.72 | 4.50 | 4.97 | 4.79 |
| Quick ratio | 5.26 | 4.57 | 4.61 | 3.75 | 3.92 | 3.60 | 3.91 | 3.69 | 4.09 | 4.08 |
| Cash ratio | 4.35 | 3.54 | 3.58 | 2.87 | 2.95 | 2.72 | 3.08 | 2.80 | 3.15 | 3.33 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 1.2x | - | 7.0x | 4.7x | -3.8x | - | 2.9x | -0.5x | 2.8x | - |
| Equity multiplier | 1.46 | 1.47 | 1.48 | 1.54 | 1.49 | 1.49 | 1.50 | 1.51 | 1.51 | 1.54 |
| Liabilities / Assets | 0.31 | 0.32 | 0.32 | 0.35 | 0.33 | 0.33 | 0.33 | 0.34 | 0.34 | 0.35 |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | - | 0.17 | 0.16 | 0.17 | - | 0.17 | 0.16 | 0.15 | - |
| Inventory turnover | 2.20 | - | 2.50 | 1.73 | 1.94 | - | 2.08 | 1.93 | 1.89 | - |
| Days sales outstanding | 80d | - | 81d | 83d | 87d | - | 94d | 106d | 112d | - |
| Days inventory outstanding | 166d | - | 146d | 211d | 188d | - | 176d | 189d | 193d | - |
| Days payable outstanding | 73d | - | 64d | 100d | 98d | - | 86d | 88d | 125d | - |
| Cash conversion cycle | 173d | - | 163d | 195d | 177d | - | 184d | 207d | 180d | - |
| Valuation | ||||||||||
| P / E | 64.8x | - | 29.6x | 205.9x | - | - | 569.9x | - | 313.1x | - |
| P / B | 2.6x | - | 2.6x | 3.2x | 3.9x | - | 6.7x | 6.3x | 5.9x | - |
| P / S | 11.1x | - | 10.7x | 12.9x | 15.4x | - | 27.1x | 26.7x | 25.9x | - |
| EV / EBITDA | 103.4x | - | 57.8x | 84.1x | 404.4x | - | 214.9x | 386.8x | 228.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 13.1% | - | 14.0% | 12.5% | 17.6% | - | 26.3% | 28.3% | 33.6% | - |
| Revenue CAGR (3y) | 21.1% | - | 24.0% | 21.9% | 25.8% | - | 33.0% | 29.4% | 33.8% | - |
| Revenue CAGR (5y) | 26.1% | - | 28.0% | 27.0% | 30.3% | - | 31.2% | 31.4% | 32.5% | - |
| Gross profit growth (YoY) | 16.3% | - | 11.7% | 15.2% | 17.7% | - | 54.2% | 58.6% | 73.7% | - |
| Operating income growth (YoY) | - | - | 109.1% | - | - | - | - | 89.6% | - | - |
| Net income growth (YoY) | - | - | 754.7% | - | - | - | - | 90.0% | - | - |
| EPS growth (YoY) | - | - | 675.0% | - | - | - | - | 91.4% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | 83.3% | - | - | - | 24.6% | - | - | - |
| FCF growth (YoY) | - | - | - | - | 47.2% | - | - | - | 42.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 20.3% | 14.5% | 15.4% | 7.6% | 7.3% | 10.7% | 8.8% | 6.2% | 3.0% | -7.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.10B totalReportable Segment$1.10B · 100.0%
Peer comparison
Same SIC group: Grain Mill Products
Comparing Freshpet against the 5 most active filers in the same SIC group.