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Freshpet, Inc. (FRPT) 10-Year Financial Performance & Capital Metrics

FRPT • • Industrial / General
Consumer DefensivePackaged FoodsPet Food & Animal NutritionPet Food Manufacturers
AboutFreshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. Freshpet, Inc. was incorporated in 2004 and is headquartered in Secaucus, New Jersey.Show more
  • Revenue $975M +27.2%
  • EBITDA $112M +297.6%
  • Net Income $47M +239.6%
  • EPS (Diluted) 0.93 +232.9%
  • Gross Margin 40.6% +24.1%
  • EBITDA Margin 11.45% +212.7%
  • Operating Margin 3.9% +198.2%
  • Net Margin 4.81% +209.8%
  • ROE 4.67% +237.9%
  • ROIC 2.49% +208.1%
  • Debt/Equity 0.40 -9.9%
  • Interest Coverage 3.10 +243.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 31.7%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y27.37%
5Y31.73%
3Y31.85%
TTM16.34%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM179.96%

EPS CAGR

10Y-
5Y-
3Y-
TTM157.18%

ROCE

10Y Avg-2.31%
5Y Avg-2.16%
3Y Avg-1.92%
Latest2.67%

Peer Comparison

Pet Food Manufacturers
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
FRPTFreshpet, Inc.3.09B63.2668.0227.16%11.44%10.48%0.40
CENTCentral Garden & Pet Company320.77M33.2420.52-3.31%5.2%10.27%100%0.91
PETZTDH Holdings, Inc.11.09M1.075.37-82.25%-200.8%-18.56%0.09

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+116.19M133.05M156.38M193.24M245.86M318.79M425.49M595.34M766.89M975.18M
Revenue Growth %0.34%0.15%0.18%0.24%0.27%0.3%0.33%0.4%0.29%0.27%
Cost of Goods Sold+61.54M72.68M83.96M103.25M131.66M185.88M263.34M409.31M516.02M579.22M
COGS % of Revenue0.53%0.55%0.54%0.53%0.54%0.58%0.62%0.69%0.67%0.59%
Gross Profit+54.65M60.37M72.42M89.99M114.2M132.91M162.15M186.03M250.87M395.96M
Gross Margin %0.47%0.45%0.46%0.47%0.46%0.42%0.38%0.31%0.33%0.41%
Gross Profit Growth %0.29%0.1%0.2%0.24%0.27%0.16%0.22%0.15%0.35%0.58%
Operating Expenses+58.3M62.59M75.17M94.88M114.45M134.91M186.81M238.02M281.32M357.96M
OpEx % of Revenue0.5%0.47%0.48%0.49%0.47%0.42%0.44%0.4%0.37%0.37%
Selling, General & Admin52.84M55.61M68.31M86.19M114.45M134.91M186.81M238.02M281.32M335.62M
SG&A % of Revenue0.45%0.42%0.44%0.45%0.47%0.42%0.44%0.4%0.37%0.34%
Research & Development0470.15K284.57K486.8K000000
R&D % of Revenue-0%0%0%------
Other Operating Expenses448.94K-181.85K-525.4K-102.34K0000022.34M
Operating Income+-3.65M-2.21M-2.75M-4.89M-253K-2M-24.66M-51.98M-30.45M38M
Operating Margin %-0.03%-0.02%-0.02%-0.03%-0%-0.01%-0.06%-0.09%-0.04%0.04%
Operating Income Growth %0.43%0.39%-0.24%-0.78%0.95%-6.9%-11.34%-1.11%0.41%2.25%
EBITDA+3.93M7.49M9.94M9.18M15.67M19.13M5.8M-17.43M28.07M111.61M
EBITDA Margin %0.03%0.06%0.06%0.05%0.06%0.06%0.01%-0.03%0.04%0.11%
EBITDA Growth %550.31%0.91%0.33%-0.08%0.71%0.22%-0.7%-4%2.61%2.98%
D&A (Non-Cash Add-back)7.57M9.71M12.69M14.07M15.92M21.13M30.47M34.55M58.52M73.61M
EBIT-3.2M-2.4M-3.28M-4.99M-248K-1.91M-24.65M-50.27M-17.42M59.78M
Net Interest Income+-454.57K-698.12K-910.49K-296K-991K-1.21M-2.87M-3.5M-1.07M-394K
Interest Income00000013K1.71M13.03M11.87M
Interest Expense454.57K698.12K910.49K296.23K991K1.21M2.88M5.21M14.1M12.26M
Other Income/Expense-5.62K-879.97K-1.44M-398K-986K-1.13M-4.87M-7.23M-2.96M9.52M
Pretax Income+-3.65M-3.09M-4.19M-5.28M-1.24M-3.12M-29.54M-59.21M-33.4M47.52M
Pretax Margin %-0.03%-0.02%-0.03%-0.03%-0.01%-0.01%-0.07%-0.1%-0.04%0.05%
Income Tax+57.52K65.75K75.19K77.1K144K65K162K282K210K598K
Effective Tax Rate %1.02%1.02%1.02%1.01%1.12%1.02%1.01%1%1.01%0.99%
Net Income+-3.71M-3.16M-4.26M-5.36M-1.38M-3.19M-29.7M-59.49M-33.61M46.92M
Net Margin %-0.03%-0.02%-0.03%-0.03%-0.01%-0.01%-0.07%-0.1%-0.04%0.05%
Net Income Growth %0.9%0.15%-0.35%-0.26%0.74%-1.31%-8.32%-1%0.44%2.4%
Net Income (Continuing)-3.71M-3.16M-4.26M-5.36M-1.38M-3.19M-29.7M-59.49M-33.61M46.92M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-0.11-0.09-0.12-0.15-0.04-0.08-0.69-1.29-0.700.93
EPS Growth %0.96%0.15%-0.28%-0.25%0.73%-1%-7.63%-0.87%0.46%2.33%
EPS (Basic)-0.11-0.09-0.12-0.15-0.04-0.08-0.69-1.29-0.700.97
Diluted Shares Outstanding33.73M33.67M34.49M35.33M35.95M39.76M42.93M46.19M48.16M50.26M
Basic Shares Outstanding33.5M33.67M34.49M35.33M35.95M39.76M42.93M46.19M48.16M48.49M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+25.39M19.24M26.96M30.96M54.32M109.1M150.32M261.96M427.32M437M
Cash & Short-Term Investments11.28M3.91M2.18M7.55M9.47M67.25M72.79M132.74M296.87M268.63M
Cash Only8.03M3.91M2.18M7.55M9.47M67.25M72.79M132.74M296.87M268.63M
Short-Term Investments3.25M000000000
Accounts Receivable7.03M8.89M12.72M12.33M18.58M18.44M34.78M57.57M56.75M68.42M
Days Sales Outstanding22.0924.3829.6923.2827.5821.1129.8435.327.0125.61
Inventory6.85M5.4M10.12M9.32M12.54M19.12M35.57M58.29M63.24M80.79M
Days Inventory Outstanding40.6527.1343.9932.9434.7737.5449.3151.9844.7350.91
Other Current Assets0304.56K732.96K681.55K10.45M914K1.35M3.59M2.84M3.13M
Total Non-Current Assets+87.7M107.21M106.94M109.01M181.8M325.29M634.09M863.42M1.04B1.14B
Property, Plant & Equipment82.79M101.49M100.6M102.09M174.44M292.65M594.56M809.57M984.67M1.07B
Fixed Asset Turnover1.40x1.31x1.55x1.89x1.41x1.09x0.72x0.74x0.78x0.91x
Goodwill0000000000
Intangible Assets0000000000
Long-Term Investments0000027.89M25.86M25.42M23.53M33.45M
Other Non-Current Assets4.91M5.71M6.34M6.91M7.36M4.75M13.67M28.43M28.9M34.15M
Total Assets+113.1M126.45M133.9M139.96M236.13M434.39M784.41M1.13B1.46B1.57B
Asset Turnover1.03x1.05x1.17x1.38x1.04x0.73x0.54x0.53x0.52x0.62x
Asset Growth %0.01%0.12%0.06%0.05%0.69%0.84%0.81%0.43%0.3%0.08%
Total Current Liabilities+9.15M18.67M16.69M18.22M41.99M33.12M58.95M89.61M89.22M98.87M
Accounts Payable6.67M6.88M9.17M9.17M18.67M16.45M42.61M55.09M36.1M39.16M
Days Payables Outstanding39.5534.5739.8832.4151.7532.3159.0649.1225.5324.68
Short-Term Debt07M00000000
Deferred Revenue (Current)01000K00000000
Other Current Liabilities204.31K2.89M3.9M650.57K6.39M8.19M6.93M8.56M19.31M34.55M
Current Ratio2.78x1.03x1.61x1.70x1.29x3.29x2.55x2.92x4.79x4.42x
Quick Ratio2.03x0.74x1.01x1.19x1.00x2.72x1.95x2.27x4.08x3.60x
Cash Conversion Cycle23.1816.9433.823.8210.626.3520.0838.1546.2151.84
Total Non-Current Liabilities+00304.84K273.42K62.88M7.1M5.71M4.2M421.75M420.65M
Long-Term Debt000054.47M000393.07M395.16M
Capital Lease Obligations00008.41M7.1M5.71M4.2M28.67M25.49M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities00304.84K273.42K000000
Total Liabilities9.15M18.67M17M18.49M104.86M40.22M64.66M93.81M510.97M519.52M
Total Debt+07M0064.06M8.4M7.09M5.71M425.06M424.09M
Net Debt-8.03M3.09M-2.18M-7.55M54.59M-58.85M-65.69M-127.03M128.18M155.46M
Debt / Equity-0.06x--0.49x0.02x0.01x0.01x0.45x0.40x
Debt / EBITDA-0.93x--4.09x0.44x1.22x-15.14x3.80x
Net Debt / EBITDA-2.05x0.41x-0.22x-0.82x3.48x-3.08x-11.32x-4.57x1.39x
Interest Coverage-8.02x-3.17x-3.02x-16.49x-0.26x-1.65x-8.56x-9.98x-2.16x3.10x
Total Equity+103.95M107.78M116.9M121.47M131.26M394.17M719.75M1.03B953.45M1.06B
Equity Growth %0.01%0.04%0.08%0.04%0.08%2%0.83%0.43%-0.08%0.11%
Book Value per Share3.083.203.393.443.659.9116.7722.3319.8021.00
Total Shareholders' Equity103.95M107.78M116.9M121.47M131.26M394.17M719.75M1.03B953.45M1.06B
Common Stock33.54K33.96K35.13K35.56K36K41K43K48K48K49K
Retained Earnings-188.57M-191.73M-195.99M-201.35M-202.74M-205.92M-235.62M-295.12M-328.73M-281.81M
Treasury Stock000-256.23K-256K-256K-256K-256K-256K-256K
Accumulated OCI-30.89M-39.58M76.13K-31.61K-79K-80K-120K1.37M-591K-787K
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+6.74M12.8M10.27M18.58M16.32M21.19M647K-43.23M75.94M154.29M
Operating CF Margin %0.06%0.1%0.07%0.1%0.07%0.07%0%-0.07%0.1%0.16%
Operating CF Growth %1.84%0.9%-0.2%0.81%-0.12%0.3%-0.97%-67.81%2.76%1.03%
Net Income-3.71M-3.16M-4.26M-5.36M-1.38M-3.19M-29.7M-59.49M-33.61M46.92M
Depreciation & Amortization7.57M9.89M12.69M14.07M15.92M21.13M30.47M34.55M58.52M73.61M
Stock-Based Compensation3.92M4.19M4.44M6.81M7.83M10.93M25M26.09M24.93M51.81M
Deferred Taxes-397.04K233.44K455.69K126.94K000000
Other Non-Cash Items144.82K150.27K426.53K115.1K1.56M4.14M5.46M9.73M11.82M-4.38M
Working Capital Changes-795.54K1.5M-3.48M2.82M-7.61M-11.81M-30.58M-54.11M14.28M-13.68M
Change in Receivables-1.68M-1.85M-3.85M410.04K-8.02M166K-16.37M-32.99M820K-12.23M
Change in Inventory565.73K1.57M-5.01M701.87K-3.34M-6.81M-16.8M-26.17M-1.21M-15.48M
Change in Payables192.58K853.85K2.68M195.24K2.78M-5.92M14.96M-3.06M3.54M12.48M
Cash from Investing+-35.26M-26.69M-13M-16.27M-70.63M-162.46M-322.1M-233.36M-239.09M-187.09M
Capital Expenditures-32.04M-29.95M-13M-16.27M-70.63M-134.57M-322.1M-230.07M-239.09M-187.09M
CapEx % of Revenue0.28%0.23%0.08%0.08%0.29%0.42%0.76%0.39%0.31%0.19%
Acquisitions----------
Investments----------
Other Investing-26.98M13.44K-13M-17.12B000000
Cash from Financing+291.75K9.77M1.01M3.07M56.23M199.04M326.99M336.54M327.29M4.57M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing291.75K2.77M8.01M02.44M2.05M-5.18M-970K-65.12M-2.6M
Net Change in Cash----------
Free Cash Flow+-25.3M-17.15M-2.73M2.3M-54.32M-113.38M-321.45M-273.3M-163.15M-32.8M
FCF Margin %-0.22%-0.13%-0.02%0.01%-0.22%-0.36%-0.76%-0.46%-0.21%-0.03%
FCF Growth %-0.01%0.32%0.84%1.84%-24.6%-1.09%-1.84%0.15%0.4%0.8%
FCF per Share-0.75-0.51-0.080.07-1.51-2.85-7.49-5.92-3.39-0.65
FCF Conversion (FCF/Net Income)-1.82x-4.05x-2.41x-3.46x-11.80x-6.65x-0.02x0.73x-2.26x3.29x
Interest Paid332.24K445.28K519.28K184K522K1.06M1.73M3.15M10.15M10.15M
Taxes Paid56.35K76.94K58.88K69K9K88K182K297K308K193K

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-3.58%-2.99%-3.79%-4.5%-1.09%-1.21%-5.33%-6.79%-3.39%4.67%
Return on Invested Capital (ROIC)-3.36%-1.61%-1.83%-3.21%-0.13%-0.58%-3.74%-5%-2.3%2.49%
Gross Margin47.04%45.37%46.31%46.57%46.45%41.69%38.11%31.25%32.71%40.6%
Net Margin-3.19%-2.38%-2.73%-2.77%-0.56%-1%-6.98%-9.99%-4.38%4.81%
Debt / Equity-0.06x--0.49x0.02x0.01x0.01x0.45x0.40x
Interest Coverage-8.02x-3.17x-3.02x-16.49x-0.26x-1.65x-8.56x-9.98x-2.16x3.10x
FCF Conversion-1.82x-4.05x-2.41x-3.46x-11.80x-6.65x-0.02x0.73x-2.26x3.29x
Revenue Growth33.91%14.52%17.53%23.57%27.23%29.66%33.47%39.92%28.82%27.16%

Revenue by Segment

2014201520162017201820192024
Reportable------975.18M
Reportable Growth-------
Grocery Including Online Mass And Club---126.44M158.51M206.55M-
Grocery Including Online Mass And Club Growth----25.36%30.31%-
Pet Specialty And Natural---29.94M34.73M39.31M-
Pet Specialty And Natural Growth----16.00%13.19%-
Grocery Mass And Club-89.13M104.71M----
Grocery Mass And Club Growth--17.48%----
Pet Specialty Natural And Other21.55M27.05M28.35M----
Pet Specialty Natural And Other Growth-25.54%4.77%----
Grocery And Mass65.21M------
Grocery And Mass Growth-------

Frequently Asked Questions

Valuation & Price

Freshpet, Inc. (FRPT) has a price-to-earnings (P/E) ratio of 68.0x. This suggests investors expect higher future growth.

Growth & Financials

Freshpet, Inc. (FRPT) reported $1.08B in revenue for fiscal year 2024. This represents a 2380% increase from $43.5M in 2012.

Freshpet, Inc. (FRPT) grew revenue by 27.2% over the past year. This is strong growth.

Yes, Freshpet, Inc. (FRPT) is profitable, generating $123.4M in net income for fiscal year 2024 (4.8% net margin).

Dividend & Returns

Freshpet, Inc. (FRPT) has a return on equity (ROE) of 4.7%. This is below average, suggesting room for improvement.

Freshpet, Inc. (FRPT) generated $43.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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