Saturday 17 October 2026 Export FRPT’s income statement to Excel — free account

Freshpet, Inc.

Freshpet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 13.0% from fiscal 2024. In the quarter to June 2026, revenue grew 15.5%, EPS grew 17.7%, free cash flow grew 3,203.4% and total debt was flat, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

66.63 1.02 −1.51%

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Market cap: $3.3B
P/E: 16.0×
Fwd P/E: 26.0×
Dividend yield: —
F-score: 8/9
Altman Z: 4.02
Beneish M: −1.93
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.57

Total sells 37.02

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	6	—	—	—	1	—
Sell	1	1	—	—	—	—	5	—	—	5	—	—

Insider Ownership 4.77%

Capital & Financial Ratios $m

Market Cap 3,250.00

Revenue 1,177.31

Net Income 203.47

Free Cash Flow 61.05

Net Debt 74.22

Current Ratio 6.05

Debt/Equity 0.34

P/E ratio 16.02

Fwd P/E 26.00

P/S ratio 2.78

P/B ratio 2.65

Past 5Y EPS Growth —

This Y EPS Growth (24.63%)

Next Y EPS Growth (7.90%)

Next Y revenue growth 11.25%

Next 5Y EPS Growth (7.82%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 13.15%

10-year low 10-year high

P/S against its own 10 years 16.03%

10-year low 10-year high

P/B against its own 10 years 14.49%

10-year low 10-year high

EV/Sales against its own 10 years 9.25%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	297	269	278	351
Receivables	57	68	64	65
Inventory	63	81	77	87
Other	3	3	7	6
	427	437	436	517

	2023	2024	2025	Q'26
Payables	36	39	42	37
ST’ Debt	—	—	—	—
Other	—	—	—	—
	89	99	79	86

Compound Annual Growth %

	10y	5y	3y
Sales	25.23%	28.16%	22.78%
Cash Flow	37.31%	49.93%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	27.81%	25.12%	5.42%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	298	306	—	—	—
’25	263	265	289	285	1,102
’24	224	235	253	263	975
’23	168	183	201	215	767
’22	132	146	151	166	595
’21	93	109	108	116	425
’20	70	80	84	85	319

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	40	44	—	—	—
’25	5	34	67	55	161
’24	5	42	56	50	154
’23	(14)	14	39	37	76
’22	(35)	(28)	9	10	(43)
’21	(5)	8	(6)	4	1
’20	(3)	(3)	18	8	21

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	13	15	—	—	—
’25	(22)	0	32	2	12
’24	(41)	(6)	22	(8)	(33)
’23	(72)	(31)	(20)	(40)	(163)
’22	(91)	(67)	(64)	(52)	(273)
’21	(55)	(60)	(110)	(97)	(321)
’20	(37)	(42)	(8)	(27)	(113)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.91	0.39	—	—	—
’25	(0.26)	0.33	1.86	0.64	2.64
’24	0.37	(0.03)	0.24	0.36	0.93
’23	(0.52)	(0.35)	(0.15)	0.31	(0.70)
’22	(0.40)	(0.45)	(0.39)	(0.06)	(1.29)
’21	(0.26)	(0.17)	(0.05)	(0.21)	(0.69)
’20	(0.10)	0.00	0.09	(0.08)	(0.08)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	5.60	9.25	15.67	31.27	40.79	83.15	36.02	45.13	82.16	46.76	Analyst estimates 2026–2028 Powerpack
	High	11.81	20.50	40.58	61.16	147.56	186.98	118.77	88.85	160.91	164.07
People
People	Employees	218	260	382	462	591	789	1,011	1,083	1,296	1,288
	Revenue/emp, $m	0.59	0.59	0.51	0.53	0.54	0.54	0.59	0.71	0.75	0.86
Income, $m
Income, $m	Revenue	130	152	193	246	319	425	595	767	975	1,102
	Gross margin, %	46.54	47.53	46.57	46.45	41.69	38.11	31.25	32.71	40.60	40.80
	EBT	(3)	(4)	(5)	(1)	(3)	(28)	(55)	(32)	48	71
	EBT margin, %	(2.39)	(2.75)	(2.73)	(0.50)	(0.98)	(6.47)	(9.32)	(4.11)	4.87	6.42
	Net income	(3)	(4)	(5)	(1)	(3)	(30)	(59)	(34)	47	139
	Depreciation	10	13	14	16	22	32	35	63	76	92
Per share, $
Per share, $	Revenue	3.85	4.42	5.47	6.84	8.02	9.91	12.89	15.92	20.11	22.58
	Earnings	(0.09)	(0.12)	(0.15)	(0.04)	(0.08)	(0.69)	(1.29)	(0.70)	0.97	2.85
	Cash flow	0.38	0.30	0.53	0.45	0.53	0.02	(0.94)	1.58	3.18	3.29
	Capex	(0.89)	(0.38)	(0.46)	(1.96)	(3.38)	(7.50)	(4.98)	(4.96)	(3.86)	(3.04)
	Free cash flow	(0.51)	(0.08)	0.07	(1.51)	(2.85)	(7.49)	(5.92)	(3.39)	(0.68)	0.25
	Book value	3.20	3.39	3.44	3.65	9.91	16.77	22.33	19.80	21.77	24.77
	Shares, m	34	34	35	36	40	43	46	48	48	49
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	152.69	21.38
	P/S	2.65	4.53	5.88	8.64	17.71	9.61	4.09	5.49	7.36	2.70
	P/B	3.19	5.90	9.35	16.18	14.32	5.68	2.36	4.42	6.80	2.46
	EV/Sales	3.33	5.11	6.29	8.83	17.52	9.46	3.99	5.75	7.59	2.90
	EV/FCF	(25.22)	(284.88)	528.59	(39.96)	(49.27)	(12.52)	(8.70)	(27.02)	(225.71)	258.03
Cash, $m
Cash, $m	Operating cash flow	13	10	19	16	21	1	(43)	76	154	161
	Capex	(30)	(13)	(16)	(71)	(135)	(322)	(230)	(239)	(187)	(148)
	Free cash flow	(17)	(3)	2	(54)	(113)	(321)	(273)	(163)	(33)	12
Balance, $m
Balance, $m	Working capital	1	10	13	12	76	91	172	338	338	357
	Total debt	7	—	—	54	7	6	4	419	418	425
	Net debt	3	(2)	(8)	45	(60)	(67)	(129)	122	150	147
	Shareholders’ equity	108	117	121	131	394	720	1,032	953	1,055	1,209
Returns, %
Returns, %	ROA	(2.64)	(3.27)	(3.92)	(0.74)	(0.95)	(4.87)	(6.23)	(2.60)	3.09	8.30
	ROIC	(1.25)	(1.50)	(2.68)	(0.09)	(0.37)	(2.36)	(3.60)	(1.77)	1.97	3.49
	ROE	(2.99)	(3.79)	(4.50)	(1.09)	(1.21)	(5.33)	(6.79)	(3.39)	4.67	12.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
INGR Ingredion Incorporated	$6.1B	10.5×	9.5×	+0.93% (above 0%: growing)	−40.79% (below 0%: shrinking)	+34.38% (above 0%: growing)	23.03%	10.16%	Compare
CPB The Campbell's Company	$5.9B	14.8×	10.7×	−7.93% (below 0%: shrinking)	n/m	+5.43% (above 0%: growing)	27.28%	0.19%	Compare
POST Post Holdings, Inc.	$3.4B	13.2×	13.3×	−1.83% (below 0%: shrinking)	−27.69% (below 0%: shrinking)	+69.65% (above 0%: growing)	29.07%	9.72%	Compare
FRPT Freshpet, Inc.	$3.3B	16.0×	26.0×	+15.45% (above 0%: growing)	+17.65% (above 0%: growing)	+3,203.37% (above 0%: growing)	42.11%	7.10%
MZTI The Marzetti Company	$2.8B	15.0×	14.9×	−2.19% (below 0%: shrinking)	+49.15% (above 0%: growing)	−30.07% (below 0%: shrinking)	24.51%	12.41%	Compare
CENT Central Garden & Pet Company	$2.3B	15.6×	13.9×	−8.17% (below 0%: shrinking)	−4.58% (below 0%: shrinking)	+25.12% (above 0%: growing)	35.92%	14.26%	Compare
CENTA Central Garden & Pet Company	$2.3B	13.4×	—	−8.17% (below 0%: shrinking)	−4.58% (below 0%: shrinking)	+25.12% (above 0%: growing)	35.92%	14.26%	Compare
UTZ Utz Brands, Inc.	$2.1B	— (loss-making)	9.2×	+1.39% (above 0%: growing)	n/m	+93.40% (above 0%: growing)	25.87%	(1.48%)	Compare
NOMD Nomad Foods Limited	$1.6B	11.5×	7.2×	−0.76% (below 0%: shrinking)	−2.38% (below 0%: shrinking)	+24.23% (above 0%: growing)	28.91%	12.24%	Compare
Median of peers	$2.6B	13.4×	10.7×	−2.01%	−4.58%	+25.12%	28.10%	11.20%

All 71 Packaged Foods stocks →

Freshpet, Inc. (FRPT) key facts

Strength: Freshpet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 13.0% from fiscal 2024.
Freshpet, Inc. (FRPT) is a Packaged Foods company in the Consumer Defensive sector, listed on Nasdaq.
As of October 16, 2026, FRPT traded at $66.63, a market capitalization of $3.3 billion.
Return on equity was 12.3% and debt-to-equity 0.34.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 4.02 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.