Traeger, Inc.

COOK Consumer Cyclical Furnishings Fixtures & Appliances

Traeger, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $559.5 million, down 7.38% from fiscal 2024.

Revenue
−40.4%
EPS
+69.2%
Free cash flow
+31.9%
Total debt
+0.22%

Quarter to September 2026, against a year earlier

59.34 9.59 +19.28%
Market cap
$173.6M
P/E
0.0×
Fwd P/E
−6.2×
Dividend yield
—
F-score
4/9
Altman Z
−0.90
Beneish M
−3.48
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 0.15
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 52.57%

Capital & Financial Ratios $m

Size
Market Cap 173.57
Revenue ttm 434.27
Net income ttm (51.36)
Free cash flow ttm 63.30
Net debt Q 332.64
Valuation
P/E 0.00
Forward P/E (6.23) (negative: loss-making)
Price / sales 0.38
Forward P/S Powerpack
Price / FCF 2.59
Price / book 1.17
Financial health
Current ratio Q 3.31 (at or above 1.5: strong)
Debt / equity Q 2.86 (above 2: weak)
Interest coverage Q (2.50)
Growth
Revenue growth Q −40.44% (below 0%: shrinking)
Operating income growth Q +76.27% (above 0%: growing)
EPS, this year +85.40% (at or above 15%: strong)
EPS, next year A +419.87% (at or above 15%: strong)
Revenue, next year A −20.22% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +57.41% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 26.79%
10-year low 10-year high
P/B against its own 10 years 64.53%
10-year low 10-year high
EV/Sales against its own 10 years 41.81%
10-year low 10-year high
EV/FCF against its own 10 years 4.75%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 30 15 20 68
Receivables 60 85 82 45
Inventory 96 107 99 79
Other — — — —
216 243 215 205
2023 2024 2025 Q'26
Payables 33 28 14 10
ST’ Debt 29 5 0 —
Other 15 3 0 0
134 122 80 62

Compound Annual Growth %

10y 5y 3y
Sales — 0.50% (5.16%)
Cash Flow — (15.13%) 59.11%
Earnings — 0.00% 0.00%
Book Value — (18.50%) (20.09%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 1.08 (3.12) (10.33) — —
’25 (0.30) (2.77) (33.50) (6.50) (43.50)
’24 (2.00) (1.00) (7.50) (2.50) (13.50)
’23 (4.45) (13.50) (8.00) (9.50) (34.00)
’22 (3.50) (56.00) (87.50) (12.00) (159.50)
’21 17.90 (2.50) (39.00) (14.50) (39.50)
’20 3.64 8.67 3.73 (1.76) 14.28
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 94 120 75 — —
’25 143 145 125 145 560
’24 145 168 122 169 604
’23 153 172 118 163 606
’22 224 200 94 138 656
’21 236 213 162 175 786
’20 114 153 145 134 546
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 18 27 10 — —
’25 (21) 18 8 16 21
’24 (13) 14 15 7 24
’23 (24) 49 19 20 64
’22 (47) 17 24 11 5
’21 (27) 43 (17) (28) (28)
’20 (12) 24 30 4 47
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 14 26 8 — —
’25 (23) 16 6 14 13
’24 (18) 12 13 5 12
’23 (23) 43 12 15 47
’22 (52) 9 21 8 (14)
’21 (32) 36 (24) (32) (51)
’20 (14) 21 26 (1) 32
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — 363 546 786 656 606 604 560 434 +7.5% 446 465 506 (3.3%)
Gross margin, % — — — 42.88 43.02 38.29 34.88 36.90 42.29 39.20 39.10 (3.7) pt
EBT — — — (29) 32 (90) (381) (82) (36) (119) (53) +26.2%
EBT margin, % — — — (8.11) 5.83 (11.49) (58.08) (13.60) (5.95) (21.33) (12.30) (13.2) pt
Net income — 0 — (30) 31 (92) (382) (84) (34) (115) (51) n/m
Per share, $
Per share, $ Revenue — — — 167.08 250.99 349.52 273.98 244.85 236.99 210.20 157.22 +3.9%
Earnings — — — (13.61) 14.28 (39.50) (159.50) (34.00) (13.50) (43.50) (18.87) +21.4%
Cash flow — — — 8.50 21.43 (12.65) 2.13 25.88 9.37 7.71 25.47 (1.6%)
Capex — — — (3.68) (6.73) (10.25) (7.90) (7.02) (4.84) (2.75) (2.55) (4.7%)
Free cash flow — — — 4.82 14.70 (22.90) (5.77) 18.86 4.53 4.95 22.92 +0.5%
Book value — — — 198.15 218.46 269.64 139.88 117.74 108.45 64.18 50.69 (17.1%)
Shares, m — — — 2 2 2 2 2 3 3 3 +3.4%
Valuation, ×
Valuation, × P/E — — — 63.33 63.33 0.00 0.00 0.00 0.00 0.00 0.00 18.1
P/S — — — 3.29 3.29 1.74 0.48 0.53 0.50 0.26 0.38 1.4
P/B — — — 4.68 4.68 2.25 0.94 1.10 1.10 0.84 1.17 2.2
EV/Sales — — — 3.88 3.88 2.25 1.13 1.18 1.15 0.94 1.14 2.1
EV/FCF — — — 96.76 96.76 (34.39) (53.74) 15.35 59.99 39.73 7.85 31.5
Cash, $m
Cash, $m Operating cash flow — — — 18 47 (28) 5 64 24 21 70 +1.8%
Capex — — — (8) (15) (23) (19) (17) (12) (7) (7) (1.5%)
Free cash flow — — — 10 32 (51) (14) 47 12 13 63 +3.9%
Balance, $m
Balance, $m Working capital — — — 35 79 100 161 82 121 135 143 +25.0%
Net debt — — — 441 426 404 429 396 389 380 333 (2.4%)
Shareholders’ equity — — — 431 475 606 335 291 276 171 140 (14.3%)
Returns, %
Returns, % ROA — — — (6.40) 3.24 (8.47) (35.98) (9.34) (4.02) (15.29) (7.80) (8.9) pt
ROIC — — — 0.75 4.05 (3.78) (28.32) (5.04) (0.28) (11.08) (4.52) (11.8) pt
ROE — — — (6.53) 6.85 (16.98) (81.23) (26.96) (11.98) (51.50) (31.50) (45.0) pt
People
People Employees — — — — — 875 690 641 666 433 — (16.1%)
Revenue/emp, $m — — — 0.00 0.00 0.90 0.95 0.95 0.91 1.29 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Traeger, Inc. vs peers in Furnishings Fixtures & Appliances (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FLXS Flexsteel Industries, Inc. $305.6M 10.9× 13.7× +3.19% (above 0%: growing) −4.64% (below 0%: shrinking) −187.60% (below 0%: shrinking) 22.02% 6.05% Compare
LOVE The Lovesac Company $238.4M 13.5× 14.7× +0.45% (above 0%: growing) n/m +122.14% (above 0%: growing) 68.39% 6.79% Compare
ATER Aterian, Inc. $219.8M — (loss-making) — (loss-making) −99.96% (below 0%: shrinking) n/m +109.58% (above 0%: growing) 14.29% (56,557.14%) Compare
BSET Bassett Furniture Industries, Incorporated $191.5M 27.8× 22.2× +3.41% (above 0%: growing) +166.67% (above 0%: growing) +169.50% (above 0%: growing) 57.48% 3.36% Compare
LCUT Lifetime Brands, Inc. $178.6M 5.9× 7.9× +3.35% (above 0%: growing) n/m +132.32% (above 0%: growing) 36.54% (0.01%) Compare
COOK Traeger, Inc. $173.6M — (loss-making) — (loss-making) −40.44% (below 0%: shrinking) n/m +31.92% (above 0%: growing) 33.49% (26.49%)
HOFT Hooker Furnishings Corp. $156.2M — (loss-making) 20.9× −8.66% (below 0%: shrinking) n/m +933.87% (above 0%: growing) 31.78% 2.03% Compare
KEQU Kewaunee Scientific Corporation $98.8M 11.8× — (loss-making) −6.73% (below 0%: shrinking) −45.37% (below 0%: shrinking) −76.02% (below 0%: shrinking) 29.61% 4.76% Compare
VIRC Virco Manufacturing Corporation $94.1M — (loss-making) 34.4× −5.02% (below 0%: shrinking) −15.38% (below 0%: shrinking) +224.00% (above 0%: growing) 40.03% 12.06% Compare
Median of peers $185.0M 11.8× 17.8× −2.29% −10.01% +127.23% 34.16% 4.06%

All 30 Furnishings Fixtures & Appliances stocks →

Pay and ownership Proxy statement filed 27 April 2026

Ownership

Directors and executive officers, together 16.20%
AEA Fund 24.20%
Entities affiliated with OTPP 17.80%
Jeremy Andrus 14.50%
Entities affiliated with Trilantic Capital Management L.P. 13.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Traeger, Inc. (COOK) Latest News

5 Nov

Impact 3 · · MarketBeat transcript

4 Nov

Impact 3 · · Associated Press
Impact 3 · · Business Wire

12 May

12 Mar

Impact 4 · · Business Wire

5 Mar

Impact 4 · · The Motley Fool transcript
Impact 4 · · Associated Press Finance
Impact 3 · · Zacks

24 Nov

Impact 3 · · Business Wire
stockrow.com/COOK · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com