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.

Ticker
FRPT
Exchange
Nasdaq
Sector
Consumer Defensive
Industry
Packaged Foods
Market cap
$3.11B
52-week range
$46.45 - $86.00

Valuation

Share price
$64.39 (close of Nov 6, 2026)
P/E (TTM)
23.94x
Price to book
2.53x
Price to free cash flow
46.23x
Enterprise value
$3.26B
Book value per share
$25.47

Price performance

PeriodChange
1 day-0.66%
5 days-4.61%
1 month+2.58%
3 months-3.51%
6 months+17.24%
Year to date+5.68%
1 year+14.98%
3 years-5.45%
5 years-57.44%
10 years+694.94%
All time+236.94%

Short interest

As of
Oct 15, 2026
Short % of float
19.17%
Shares short
8.00M
Days to cover
7.11
Change since prior report
-1.31%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
11.51%
Return on invested capital
4.44%
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%

Cash flow and balance sheet

Free cash flow yield (TTM)
2.16%
Current ratio
5.68x
Net debt to EBITDA
0.53x

Latest reported year

Period end
Dec 31, 2025
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
Interest expense
$14.12M
Shares outstanding
48.80M

Income statement by year

Period endRevenueGross profitNet incomeEPS
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 endGross marginNet marginReturn on equityReturn on capital
2025-12-3140.80%12.63%11.51%4.44%
2024-12-3140.60%4.81%4.45%2.53%
2023-12-3132.71%-4.38%-3.53%-2.21%
2022-12-3131.25%-9.99%-5.77%-5.01%
2021-12-3138.11%-6.98%-4.13%-3.39%
2020-12-3141.69%-1.00%-0.81%-0.50%
2019-12-3146.45%-0.56%-1.05%-0.10%
2018-12-3146.57%-2.77%-4.41%-4.02%
2017-12-3147.53%-2.80%-3.65%-2.35%
2016-12-3146.54%-2.44%-2.93%-1.93%

Cash and debt by year

Period endCashDebt
2025-12-31$277.98M$397.33M
2024-12-31$268.63M$395.16M
2023-12-31$296.87M$393.07M
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 endFree cash flowStock-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

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-04Sep 2026$0.35
2026-08-05Jun 2026$0.20
2026-05-06Mar 2026$0.06
2026-02-23Dec 2025$0.43
2025-11-03Sep 2025$0.43
2025-08-04Jun 2025$0.12
2025-05-05Mar 2025$0.13
2025-02-20Dec 2024$0.44

Filings and sources

Company website
freshpet.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

Similar companies

Kraft Heinz Co (KHC) · General Mills Inc (GIS) · J. M. Smucker Co (SJM) · McCormick & Co Inc (MKC) · Hormel Foods Corp (HRL) · Conagra Brands Inc. (CAG) · Campbell's Co (CPB) · Philip Morris International Inc. (PM)

All Consumer Defensive companies

Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades