InsiderClue
Stocks · Consumer discretionary · Household Appliances

Traeger, Inc.

COOK Clue Score15
United States Fiscal year ends December CIK 0001857853
$51.46 -0.27% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $51.46 +173.58% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 29 Jul 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue363.3Operating income10.5Net income−29.6EPS, diluted−0.27Fiscal year 2020Revenue545.8 +50.2%Operating income58.3Net income31.1EPS, diluted0.29Fiscal year 2021Revenue785.5 +43.9%Operating income−61.1Net income−91.8 −395.5%EPS, diluted−0.82 −382.8%Fiscal year 2022Revenue655.9 −16.5%Operating income−345.9Net income−382.1EPS, diluted−3.19Fiscal year 2023Revenue605.9 −7.6%Operating income−55.4Net income−84.4EPS, diluted−0.68Fiscal year 2024Revenue604.1 −0.3%Operating income−2.9Net income−34.0EPS, diluted−0.27Fiscal year 2025Revenue559.5 −7.4%Operating income−97.7Net income−115.2EPS, diluted−0.87
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 363.3 545.8 785.5 655.9 605.9 604.1 559.5
Growth +50.2% +43.9% −16.5% −7.6% −0.3% −7.4%
Operating income 10.5 58.3 −61.1 −345.9 −55.4 −2.9 −97.7
Net income −29.6 31.1 −91.8 −382.1 −84.4 −34.0 −115.2
Growth −395.5%
EPS, diluted −0.27 0.29 −0.82 −3.19 −0.68 −0.27 −0.87
Growth −382.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin42.9%Operating margin2.9%Net margin−8.1%Free cash flow margin3.0%Fiscal year 2020Gross margin43.0%Operating margin10.7%Net margin5.7%Free cash flow margin5.9%Fiscal year 2021Gross margin38.3%Operating margin−7.8%Net margin−11.7%Free cash flow margin−6.5%Fiscal year 2022Gross margin34.9%Operating margin−52.7%Net margin−58.3%Free cash flow margin−2.0%Fiscal year 2023Gross margin36.9%Operating margin−9.2%Net margin−13.9%Free cash flow margin7.3%Fiscal year 2024Gross margin42.3%Operating margin−0.5%Net margin−5.6%Free cash flow margin2.0%Fiscal year 2025Gross margin39.2%Operating margin−17.5%Net margin−20.6%Free cash flow margin2.4%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 42.9% 43.0% 38.3% 34.9% 36.9% 42.3% 39.2%
Operating margin 2.9% 10.7% −7.8% −52.7% −9.2% −0.5% −17.5%
Net margin −8.1% 5.7% −11.7% −58.3% −13.9% −5.6% −20.6%
Free cash flow margin 3.0% 5.9% −6.5% −2.0% 7.3% 2.0% 2.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow18.5Capital expenditure−7.5Free cash flow11.0Fiscal year 2020Operating cash flow46.6Capital expenditure−14.1Free cash flow32.5 +195.6%Fiscal year 2021Operating cash flow−28.4Capital expenditure−22.5Free cash flow−50.9 −256.8%Fiscal year 2022Operating cash flow5.1Capital expenditure−18.4Free cash flow−13.3Fiscal year 2023Operating cash flow64.0Capital expenditure−19.9Free cash flow44.1Fiscal year 2024Operating cash flow23.9Capital expenditure−12.0Free cash flow11.9 −73.0%Fiscal year 2025Operating cash flow20.5Capital expenditure−6.9Free cash flow13.6 +14.2%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 18.5 46.6 −28.4 5.1 64.0 23.9 20.5
Capital expenditure −7.5 −14.1 −22.5 −18.4 −19.9 −12.0 −6.9
Free cash flow 11.0 32.5 −50.9 −13.3 44.1 11.9 13.6
Growth +195.6% −256.8% −73.0% +14.2%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash7.1Fiscal year 2020Cash11.6Total debt437.0Net cash (debt)−425.5Shareholders’ equity474.5Debt to equity0.92Fiscal year 2021Cash16.7Total debt379.4Net cash (debt)−362.7Shareholders’ equity606.0Debt to equity0.63Fiscal year 2022Cash39.1Total debt468.4Net cash (debt)−429.3Shareholders’ equity334.9Debt to equity1.40Fiscal year 2023Cash29.9Total debt397.6Net cash (debt)−367.6Shareholders’ equity291.3Debt to equity1.36Fiscal year 2024Cash15.0Total debt398.7Net cash (debt)−383.7Shareholders’ equity276.4Debt to equity1.44Fiscal year 2025Cash19.6Total debt399.8Net cash (debt)−380.2Shareholders’ equity170.8Debt to equity2.34
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 7.1 11.6 16.7 39.1 29.9 15.0 19.6
Total debt n/a 437.0 379.4 468.4 397.6 398.7 399.8
Net cash (debt) n/a −425.5 −362.7 −429.3 −367.6 −383.7 −380.2
Shareholders’ equity n/a 474.5 606.0 334.9 291.3 276.4 170.8
Debt to equity n/a 0.92 0.63 1.40 1.36 1.44 2.34

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
363.3 545.8 785.5 655.9 605.9 604.1 559.5
Growth +50.2% +43.9% −16.5% −7.6% −0.3% −7.4%
207.5 311.0 484.8 427.1 382.3 348.6 340.2
155.8 234.8 300.8 228.8 223.6 255.5 219.3
Growth +50.7% +28.1% −23.9% −2.3% +14.3% −14.1%
n/a 6.8 18.8 10.8 11.5 15.2 12.4
45.3 50.2 158.6 166.8 129.8 113.5 95.0
10.5 58.3 −61.1 −345.9 −55.4 −2.9 −97.7
Growth +458.1% −204.8%
−29.5 31.8 −90.3 −381.0 −82.4 −36.0 −119.3
0.1 0.7 1.5 1.2 2.0 −2.0 −4.1
−29.6 31.1 −91.8 −382.1 −84.4 −34.0 −115.2
Growth −395.5%
Per share
−0.27 0.29 −0.82 −3.19 −0.68 −0.27 −0.87
−0.27 0.29 −0.82 −3.19 −0.68 −0.27 −0.87
Growth −382.8%
108.7 108.7 112.4 119.7 123.7 127.4 133.1
108.7 108.7 112.4 119.7 123.7 127.4 133.1
Growth +0.0% +3.4% +6.5% +3.4% +3.0% +4.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 0.5% a year over five years.
  • The diluted share count rose 22.4% in five years, which is dilution.
  • Operating margin is down 28.2 points on five years ago, at -17.5%.
  • A net loss in 6 of 7 years on file.