Freshpet, Inc. (FRPT)
Freshpet, Inc., together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It offers dog food, cat food, and dog treats under the Freshpet brand name; and fresh treats under the Dognation and Dog Joy brand names. The company sells its products through a network of company-owned branded refrigerators, the Freshpet Fridges, as well as through various classes of retail, including grocery, mass, club, pet specialty, and international, as well as digital. The company was incorporated in 2004 and is headquartered in Bedminster, New Jersey.
- Symbol
- FRPT
- Exchange
- Nasdaq
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
- Market cap
- $2.88B
- 52 week range
- 46.45 - 86
Valuation
- Share price
- $59.21 (close of 2026-09-23)
- P/E (TTM)
- 14.23x
- Price to book
- 2.33x
- Price to free cash flow
- 47.16x
- Enterprise value
- $3.02B
- Book value per share
- $25.45
Price performance
| Period | Change |
|---|
| 1 day | -3.52% |
| 5 days | -5.55% |
| 1 month | -19.94% |
| 3 months | +10.94% |
| 6 months | -8.46% |
| Year to date | -2.82% |
| 1 year | +20.22% |
| 3 years | -7.37% |
| 5 years | -60.81% |
| 10 years | +549.23% |
| All time | +209.84% |
Profitability and growth
- Return on equity
- 11.51%
- Return on invested capital
- 5.31%
- Return on assets
- 7.83%
- Return on capital employed
- 4.45%
- Gross margin
- 40.80%
- Net margin
- 12.63%
- EBITDA margin
- 15.01%
- Revenue growth
- 13.01%
- Net income growth
- 196.51%
- Free cash flow growth
- 137.73%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 2.12%
- Current ratio
- 6.05x
- Net debt to EBITDA
- 0.53x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.10B
- Cost of revenue
- $652.39M
- Gross profit
- $449.63M
- EBITDA
- $165.39M
- Net income
- $139.14M
- Earnings per share
- $2.85
- Shares outstanding
- 48.80M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.10B | $449.63M | $139.14M | $2.85 |
| 2024-12-31 | $975.18M | $395.96M | $46.92M | $0.97 |
| 2023-12-31 | $766.89M | $250.87M | $-33.61M | $-0.70 |
| 2022-12-31 | $595.34M | $186.03M | $-59.49M | $-1.29 |
| 2021-12-31 | $425.49M | $162.15M | $-29.70M | $-0.69 |
| 2020-12-31 | $318.79M | $132.91M | $-3.19M | $-0.08 |
| 2019-12-31 | $245.86M | $114.20M | $-1.38M | $-0.04 |
| 2018-12-31 | $193.24M | $89.99M | $-5.36M | $-0.15 |
| 2017-12-31 | $152.36M | $72.42M | $-4.26M | $-0.12 |
| 2016-12-31 | $129.71M | $60.37M | $-3.16M | $-0.09 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 40.80% | 12.63% | 11.51% | 5.31% |
| 2024-12-31 | 40.60% | 4.81% | 4.45% | 3.09% |
| 2023-12-31 | 32.71% | -4.38% | -3.53% | -2.81% |
| 2022-12-31 | 31.25% | -9.99% | -5.77% | -5.88% |
| 2021-12-31 | 38.11% | -6.98% | -4.13% | -3.77% |
| 2020-12-31 | 41.69% | -1.00% | -0.81% | -0.60% |
| 2019-12-31 | 46.45% | -0.56% | -1.05% | -0.11% |
| 2018-12-31 | 46.57% | -2.77% | -4.41% | -4.29% |
| 2017-12-31 | 47.53% | -2.80% | -3.65% | -2.40% |
| 2016-12-31 | 46.54% | -2.44% | -2.93% | -2.00% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $277.98M | - |
| 2024-12-31 | $268.63M | - |
| 2023-12-31 | $296.87M | - |
| 2022-12-31 | $152.74M | - |
| 2021-12-31 | $72.79M | - |
| 2020-12-31 | $67.25M | - |
| 2019-12-31 | $9.47M | $54.47M |
| 2018-12-31 | $7.55M | - |
| 2017-12-31 | $2.18M | - |
| 2016-12-31 | $3.91M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $12.38M | $13.88M |
| 2024-12-31 | $-32.80M | $51.81M |
| 2023-12-31 | $-163.15M | $24.93M |
| 2022-12-31 | $-273.30M | $26.09M |
| 2021-12-31 | $-321.45M | $25.00M |
| 2020-12-31 | $-113.38M | $10.93M |
| 2019-12-31 | $-54.32M | $7.83M |
| 2018-12-31 | $2.30M | $6.81M |
| 2017-12-31 | $-2.73M | $4.44M |
| 2016-12-31 | $-17.15M | $4.19M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-02
- Consensus EPS estimate
- $0.40
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $0.20 |
| 2026-05-06 | - | - |
| 2026-02-23 | - | - |
| 2025-11-03 | - | - |
| 2025-08-04 | - | - |
| 2025-05-05 | - | - |
| 2025-02-20 | - | - |
| 2024-11-04 | - | - |
Filings and sources
- Company website
- freshpet.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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