Freshpet, Inc. (FRPT) Financial Ratios
14 years of historical data (2012–2025) · Consumer Defensive · Packaged Foods
EV/EBITDA
↓
16.42
↓-93% vs avg
5yr avg: 233.77
30Y Low20.3·High70.9
P/FCF
218.42
↓-21% vs avg
5yr avg: 275.86
P/B Ratio
↓
2.55
↓-43% vs avg
5yr avg: 4.46
30Y Low2.2·High16.2
ROE
↑
12.3%
↓+4139% vs avg
5yr avg: 0.3%
30Y Low-102%·High12%
Debt/EBITDA
↑
3.08
↓-47% vs avg
5yr avg: 5.81
30Y Low0.4·High15.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FRPT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Freshpet, Inc. trades at 20.8x earnings, 77% below its 5-year average of 91.2x, sitting at the 0th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a premium of 11%. On a free-cash-flow basis, the stock trades at 218.4x P/FCF, 21% below the 5-year average of 275.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $3.4B | $7.4B | $4.2B | $2.4B | $4.1B | $5.6B | $2.1B | $1.1B | $654M | $342M |
| Enterprise Value | $3.0B | $3.7B | $7.6B | $4.3B | $2.3B | $4.0B | $5.6B | $2.2B | $1.1B | $651M | $345M |
| P/E Ratio → | 20.84 | 23.08 | 159.26 | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.45 | 3.10 | 7.63 | 5.45 | 4.09 | 9.61 | 17.71 | 8.64 | 5.88 | 4.18 | 2.57 |
| P/B Ratio | 2.55 | 2.82 | 7.05 | 4.38 | 2.36 | 5.68 | 14.32 | 16.18 | 9.35 | 5.59 | 3.17 |
| P/FCF | 218.42 | 275.86 | — | — | — | — | — | — | 493.75 | — | — |
| P/OCF | 16.84 | 21.27 | 48.24 | 55.03 | — | 6321.54 | 266.37 | 130.19 | 61.17 | 63.63 | 26.70 |
P/E links to full P/E history page with 30-year chart
FRPT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Freshpet, Inc.'s enterprise value stands at 16.4x EBITDA, 93% below its 5-year average of 233.8x. The Consumer Defensive sector median is 11.0x, placing the stock at a 49% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.35 | 7.79 | 5.62 | 3.88 | 9.46 | 17.52 | 8.86 | 5.84 | 4.17 | 2.59 |
| EV / EBITDA | 16.42 | 20.33 | 68.08 | 153.43 | — | 693.25 | 292.07 | 139.06 | 122.91 | 65.52 | 46.03 |
| EV / EBIT | 31.44 | 43.54 | 127.10 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 298.65 | — | — | — | — | — | — | 490.46 | — | — |
FRPT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Freshpet, Inc. earns an operating margin of 8.6%, above the Consumer Defensive sector average of 3.5%. Operating margins have expanded from -4.0% to 8.6% over the past 3 years, signaling improving operational efficiency. ROE of 12.3% is modest. ROIC of 5.3% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.6% | 38.6% | 40.6% | 32.7% | 31.2% | 38.1% | 41.7% | 46.4% | 46.6% | 46.3% | 45.4% |
| Operating Margin | 8.6% | 8.6% | 3.9% | -4.0% | -8.7% | -5.8% | -0.6% | -0.1% | -2.5% | -1.8% | -1.7% |
| Net Profit Margin | 12.6% | 12.6% | 4.8% | -4.4% | -10.0% | -7.0% | -1.0% | -0.6% | -2.8% | -2.7% | -2.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.3% | 12.3% | 4.7% | -3.4% | -6.8% | -5.3% | -1.2% | -1.1% | -4.5% | -3.8% | -3.0% |
| ROA | 8.3% | 8.3% | 3.1% | -2.6% | -6.2% | -4.9% | -1.0% | -0.7% | -3.9% | -3.3% | -2.6% |
| ROIC | 5.3% | 5.3% | 2.5% | -2.3% | -5.0% | -3.7% | -0.6% | -0.1% | -3.2% | -1.8% | -1.6% |
| ROCE | 6.0% | 6.0% | 2.7% | -2.5% | -5.9% | -4.4% | -0.7% | -0.2% | -4.1% | -2.4% | -2.1% |
FRPT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Freshpet, Inc. carries a Debt/EBITDA ratio of 3.1x, which is moderately leveraged (12% below the sector average of 3.5x). Net debt stands at $282M ($560M total debt minus $278M cash). Interest coverage of 6.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.46 | 0.46 | 0.40 | 0.45 | 0.01 | 0.01 | 0.02 | 0.49 | — | — | 0.06 |
| Debt / EBITDA | 3.08 | 3.08 | 3.80 | 15.14 | — | 1.22 | 0.44 | 4.09 | — | — | 0.93 |
| Net Debt / Equity | — | 0.23 | 0.15 | 0.13 | -0.12 | -0.09 | -0.15 | 0.42 | -0.06 | -0.02 | 0.03 |
| Net Debt / EBITDA | 1.55 | 1.55 | 1.39 | 4.57 | — | -11.32 | -3.08 | 3.48 | -0.82 | -0.22 | 0.41 |
| Debt / FCF | — | 22.79 | — | — | — | — | — | — | -3.28 | — | — |
| Interest Coverage | 6.01 | 6.01 | 4.88 | -1.24 | -9.65 | -8.55 | -1.58 | -0.25 | -16.84 | -3.60 | -3.43 |
FRPT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Freshpet, Inc.'s current ratio of 5.54x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 4.57x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 4.79x to 5.54x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.54 | 5.54 | 4.42 | 4.79 | 2.92 | 2.55 | 3.29 | 1.29 | 1.70 | 1.61 | 1.03 |
| Quick Ratio | 4.57 | 4.57 | 3.60 | 4.08 | 2.27 | 1.95 | 2.72 | 1.00 | 1.19 | 1.01 | 0.74 |
| Cash Ratio | 3.54 | 3.54 | 2.72 | 3.33 | 1.48 | 1.23 | 2.03 | 0.23 | 0.41 | 0.13 | 0.21 |
| Asset Turnover | — | 0.62 | 0.62 | 0.52 | 0.53 | 0.54 | 0.73 | 1.04 | 1.38 | 1.17 | 1.05 |
| Inventory Turnover | 8.82 | 8.82 | 7.17 | 8.16 | 7.02 | 7.40 | 9.72 | 10.50 | 11.08 | 8.30 | 13.45 |
| Days Sales Outstanding | — | 21.12 | 25.61 | 27.01 | 35.30 | 29.84 | 21.11 | 27.58 | 23.28 | 29.69 | 24.38 |
FRPT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Freshpet, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 4.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 4.3% | 0.6% | — | — | — | — | — | — | — | — |
| FCF Yield | 0.5% | 0.4% | — | — | — | — | — | — | 0.2% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $56M | $50M | $48M | $46M | $43M | $40M | $36M | $35M | $34M | $34M |
Peer Comparison
Compare FRPT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FRPTYou | $3B | 20.8 | 16.4 | 218.4 | 38.6% | 8.6% | 12.3% | 5.3% | 3.1 |
 HIMS | $8B | 69.5 | 55.1 | 105.3 | 73.8% | 4.5% | 25.2% | 8.6% | 7.9 |
 CENT | $3B | 16.9 | 9.3 | 9.3 | 31.1% | 8.5% | 10.4% | 9.1% | 4.1 |
 PETS | $37M | -0.6 | — | — | 28.1% | -17.5% | -100.4% | -119.4% | — |
 WOOF | $748M | 82.6 | 10.6 | 4.0 | 38.7% | 2.0% | 0.8% | 2.4% | 9.0 |
 CHWY | $8B | 35.0 | 18.9 | 13.4 | 29.8% | 2.0% | 58.7% | 105.2% | 1.5 |
 SMPL | $1B | 12.4 | 6.0 | 8.0 | 35.1% | 15.1% | 5.9% | 8.1% | 1.3 |
 NOMD | $1B | 9.6 | 7.4 | 4.9 | 27.1% | 10.7% | 5.3% | 5.5% | 5.3 |
 COKE | $15B | 26.7 | 15.3 | 24.3 | 39.7% | 13.2% | 168.3% | 34.2% | 2.6 |
 HAIN | $55M | -0.1 | 8.2 | — | 21.0% | 3.6% | -74.9% | 2.9% | 8.2 |
 BYND | $330M | -0.4 | — | — | 2.8% | -84.7% | — | -44.4% | — |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
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Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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FRPT — Frequently Asked Questions
Quick answers to the most common questions about buying FRPT stock.
What is Freshpet, Inc.'s P/E ratio?
Freshpet, Inc.'s current P/E ratio is 20.8x. The historical average is 91.2x.
What is Freshpet, Inc.'s EV/EBITDA?
Freshpet, Inc.'s current EV/EBITDA is 16.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 54.2x.
What is Freshpet, Inc.'s ROE?
Freshpet, Inc.'s return on equity (ROE) is 12.3%. The historical average is -9.8%.
Is FRPT stock overvalued?
Based on historical data, Freshpet, Inc. is trading at a P/E of 20.8x. Compare with industry peers and growth rates for a complete picture.
What are Freshpet, Inc.'s profit margins?
Freshpet, Inc. has 38.6% gross margin and 8.6% operating margin.
How much debt does Freshpet, Inc. have?
Freshpet, Inc.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.