Friday 6 November 2026
Export MED’s income statement to Excel — free account
MEDIFAST INC
MED Consumer Cyclical Personal Services
MEDIFAST INC’s revenue for fiscal 2025 (year ended December 2025) was $385.8 million, down 36.0% from fiscal 2024.
- Revenue
- −19.4%
- EPS
- −645.8%
- Free cash flow
- −73.3%
Quarter to September 2026, against a year earlier
12.81
0.34
−2.59%
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Target Price Range
Analyst price targets
Free accountTen 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 | 275 | 302 | 501 | 714 | 935 | 1,526 | 1,599 | 1,072 | 602 | 386 | 300 | +3.9% | 289 | 275 | — | (15.6%) | |
| Gross margin, % | 74.91 | 75.54 | 75.83 | 75.22 | 74.65 | 73.89 | 71.34 | 72.37 | 73.80 | 71.33 | 69.21 | (3.6) pt | ||||||
| EBT | 27 | 40 | 71 | 92 | 134 | 216 | 184 | 129 | 4 | (6) | (29) | n/m | ||||||
| EBT margin, % | 9.88 | 13.37 | 14.08 | 12.94 | 14.36 | 14.16 | 11.51 | 12.01 | 0.63 | (1.46) | (9.73) | (11.3) pt | ||||||
| Net income | 18 | 28 | 56 | 78 | 103 | 164 | 144 | 99 | 2 | (19) | (41) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 23.18 | 25.29 | 41.94 | 60.63 | 79.42 | 130.38 | 142.79 | 98.50 | 55.12 | 35.13 | 26.79 | +4.7% | |||||
| Earnings | 1.51 | 2.32 | 4.67 | 6.62 | 8.74 | 14.01 | 12.82 | 9.13 | 0.19 | (1.70) | (3.69) | n/m | ||||||
| Cash flow | 2.14 | 3.63 | 5.09 | 7.16 | 12.34 | 8.08 | 17.38 | 13.57 | 2.24 | 0.63 | 0.00 | (12.8%) | ||||||
| Capex | (2.43) | (0.27) | (0.40) | (0.85) | (0.50) | (2.92) | (1.49) | (0.60) | (0.68) | (0.51) | (0.02) | (15.9%) | ||||||
| Free cash flow | (0.29) | 3.36 | 4.69 | 6.30 | 11.83 | 5.15 | 15.89 | 12.97 | 1.56 | 0.11 | (0.02) | n/m | ||||||
| Book value | 8.11 | 9.11 | 9.13 | 8.91 | 13.36 | 17.30 | 13.85 | 18.51 | 19.22 | 18.11 | 16.12 | +9.3% | ||||||
| Shares, m | 12 | 12 | 12 | 12 | 12 | 12 | 11 | 11 | 11 | 11 | 11 | (0.8%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 27.82 | 31.12 | 26.83 | 16.55 | 22.46 | 14.95 | 9.00 | 7.69 | 97.89 | 0.00 | 0.00 | 25.4 | |||||
| P/S | 1.81 | 2.87 | 2.98 | 1.81 | 2.47 | 1.61 | 0.81 | 0.71 | 0.32 | 0.30 | 0.48 | 1.6 | ||||||
| P/B | 5.18 | 7.96 | 13.69 | 12.30 | 14.70 | 12.11 | 8.31 | 3.79 | 0.92 | 0.59 | 0.79 | 8.0 | ||||||
| EV/Sales | 1.53 | 2.54 | 2.78 | 1.70 | 2.30 | 1.56 | 0.78 | 0.61 | 0.11 | (0.03) | 0.03 | 1.4 | ||||||
| EV/FCF | (110.33) | 58.43 | 47.85 | 25.63 | 19.12 | 71.15 | 8.27 | 5.76 | (6.92) | 0.45 | (0.34) | 11.9 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 25 | 43 | 61 | 84 | 145 | 95 | 195 | 148 | 24 | 7 | 0 | (13.5%) | |||||
| Capex | (29) | (3) | (5) | (10) | (6) | (34) | (17) | (6) | (7) | (6) | 0 | (16.6%) | ||||||
| Free cash flow | (3) | 40 | 56 | 74 | 139 | 60 | 178 | 141 | 17 | 1 | 0 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 77 | 88 | 85 | 75 | 123 | 137 | 82 | 132 | 150 | 159 | 160 | +8.4% | |||||
| Net debt | (77) | (99) | (101) | (93) | (174) | (110) | (88) | (150) | (162) | (167) | (173) | +9.0% | ||||||
| Shareholders’ equity | 96 | 109 | 109 | 105 | 157 | 202 | 155 | 201 | 210 | 199 | 180 | +8.4% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 15.03 | 20.75 | 35.38 | 42.80 | 43.70 | 48.64 | 40.18 | 31.76 | 0.70 | (7.02) | (16.08) | (22.0) pt | |||||
| ROIC | 87.58 | 254.13 | 534.74 | 468.15 | 0.00 | 145.43 | 171.49 | 153.58 | 3.77 | (28.07) | (280.77) | (115.6) pt | ||||||
| ROE | 19.32 | 27.10 | 51.26 | 72.84 | 78.49 | 91.20 | 80.31 | 55.77 | 1.02 | (9.13) | (20.69) | (28.5) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 422 | 399 | 420 | 550 | 713 | 984 | 874 | 634 | 504 | 380 | — | (1.2%) | |||||
| Revenue/emp, $m | 0.65 | 0.76 | 1.19 | 1.30 | 1.31 | 1.55 | 1.83 | 1.69 | 1.20 | 1.02 | — | +5.1% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
MEDIFAST INC vs peers in Personal Services (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 |
|---|---|---|---|---|---|---|---|---|---|
| ANDG Andersen Group Inc. | $7.5B | — | — | +4.61% (above 0%: growing) | n/m | +517.12% (above 0%: growing) | 20.26% | (4.10%) | Compare |
| HRB H&R Block, Inc. | $6.7B | 9.6× | 8.8× | +3.05% (above 0%: growing) | +4.55% (above 0%: growing) | −1.99% (below 0%: shrinking) | 51.91% | 32.91% | Compare |
| FTDR Frontdoor Inc. | $6.6B | 23.1× | 21.6× | +5.99% (above 0%: growing) | +16.55% (above 0%: growing) | +12.07% (above 0%: growing) | 55.27% | 0.00% | Compare |
| BFAM Bright Horizons Family Solutions Inc. | $2.7B | — (loss-making) | — (loss-making) | +4.82% (above 0%: growing) | n/m | +40.92% (above 0%: growing) | 24.34% | (22.24%) | Compare |
| CSV Carriage Services, Inc. | $448.0M | 9.5× | 10.5× | −2.42% (below 0%: shrinking) | +33.33% (above 0%: growing) | +149.08% (above 0%: growing) | 31.17% | 19.35% | Compare |
| MED MEDIFAST INC | $142.4M | — (loss-making) | — (loss-making) | −19.42% (below 0%: shrinking) | n/m | −73.32% (below 0%: shrinking) | 69.45% | (26.87%) | |
| RGS Regis Corporation | $60.0M | 10.2× | — (loss-making) | −7.84% (below 0%: shrinking) | −62.50% (below 0%: shrinking) | +11.33% (above 0%: growing) | 100.00% | 9.76% | Compare |
| CLIK Click Holdings Limited | $5.9M | — | — | — | — | — | — | — | Compare |
| EJH E-Home Household Service Holdings Limited | $4.2M | — (loss-making) | — | — | — | +1.99% (above 0%: growing) | 25.20% | 0.00% | Compare |
| Median of peers | $1.6B | 9.9× | 10.5× | +3.83% | +10.55% | +12.07% | 31.17% | 0.00% |
Pay and ownership Proxy statement filed 6 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 5.58m | 2.73m | 6.00 |
| 2024 | 5.61m | 983.51k | 10.00 |
| 2023 | 7.04m | 2.93m | 39.00 |
| 2022 | 5.94m | (710.73k) | 63.00 |
| 2021 | 6.57m | 12.94m | 109.00 |
Ownership
Directors and executive officers, together
3.70%
Renaissance Technologies LLC800 Third AvenueNew York, New York
8.10%
BlackRock, Inc.
7.50%
Charles Schwab Investment Management Inc9800 Schwab WayLone Tree, CO
7.00%
Steamboat Capital Partners LLC24 Maple AvenueRye, NY
6.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
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