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Stocks · Consumer staples · Grain Mill Products

Freshpet, Inc.

FRPT Clue Score79
United States Fiscal year ends December CIK 0001611647
$64.07 -1.70% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $64.07 −50.85% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. 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 2016Revenue129.7Operating income−2.2Net income−3.2EPS, diluted−0.09Fiscal year 2017Revenue152.4 +17.5%Operating income−2.8Net income−4.3EPS, diluted−0.12Fiscal year 2018Revenue193.2 +26.8%Operating income−4.9Net income−5.4EPS, diluted−0.15Fiscal year 2019Revenue245.9 +27.2%Operating income−0.3Net income−1.4EPS, diluted−0.04Fiscal year 2020Revenue318.8 +29.7%Operating income−2.0Net income−3.2EPS, diluted−0.08Fiscal year 2021Revenue425.5 +33.5%Operating income−24.7Net income−29.7EPS, diluted−0.69Fiscal year 2022Revenue595.3 +39.9%Operating income−52.0Net income−59.5EPS, diluted−1.29Fiscal year 2023Revenue766.9 +28.8%Operating income−30.4Net income−33.6EPS, diluted−0.70Fiscal year 2024Revenue975.2 +27.2%Operating income38.0Net income46.9EPS, diluted0.93Fiscal year 2025Revenue1,102.0 +13.0%Operating income75.7Net income139.1 +196.5%EPS, diluted2.64
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 129.7 152.4 193.2 245.9 318.8 425.5 595.3 766.9 975.2 1,102.0
Growth +17.5% +26.8% +27.2% +29.7% +33.5% +39.9% +28.8% +27.2% +13.0%
Operating income −2.2 −2.8 −4.9 −0.3 −2.0 −24.7 −52.0 −30.4 38.0 75.7
Net income −3.2 −4.3 −5.4 −1.4 −3.2 −29.7 −59.5 −33.6 46.9 139.1
Growth +196.5%
EPS, diluted −0.09 −0.12 −0.15 −0.04 −0.08 −0.69 −1.29 −0.70 0.93 2.64

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin46.5%Operating margin−1.7%Net margin−2.4%Free cash flow margin−13.2%Fiscal year 2017Gross margin47.5%Operating margin−1.8%Net margin−2.8%Free cash flow margin−1.8%Fiscal year 2018Gross margin46.6%Operating margin−2.5%Net margin−2.8%Free cash flow margin1.2%Fiscal year 2019Gross margin46.4%Operating margin−0.1%Net margin−0.6%Free cash flow margin−22.1%Fiscal year 2020Gross margin41.7%Operating margin−0.6%Net margin−1.0%Free cash flow margin−35.6%Fiscal year 2021Gross margin38.1%Operating margin−5.8%Net margin−7.0%Free cash flow margin−75.5%Fiscal year 2022Gross margin31.2%Operating margin−8.7%Net margin−10.0%Free cash flow margin−45.9%Fiscal year 2023Gross margin32.7%Operating margin−4.0%Net margin−4.4%Free cash flow margin−21.3%Fiscal year 2024Gross margin40.6%Operating margin3.9%Net margin4.8%Free cash flow margin−3.4%Fiscal year 2025Gross margin40.8%Operating margin6.9%Net margin12.6%Free cash flow margin1.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 46.5% 47.5% 46.6% 46.4% 41.7% 38.1% 31.2% 32.7% 40.6% 40.8%
Operating margin −1.7% −1.8% −2.5% −0.1% −0.6% −5.8% −8.7% −4.0% 3.9% 6.9%
Net margin −2.4% −2.8% −2.8% −0.6% −1.0% −7.0% −10.0% −4.4% 4.8% 12.6%
Free cash flow margin −13.2% −1.8% 1.2% −22.1% −35.6% −75.5% −45.9% −21.3% −3.4% 1.1%

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 2016Operating cash flow12.8Capital expenditure−30.0Free cash flow−17.2Fiscal year 2017Operating cash flow10.3Capital expenditure−13.0Free cash flow−2.7Fiscal year 2018Operating cash flow18.6Capital expenditure−16.3Free cash flow2.3Buybacks−0.3Fiscal year 2019Operating cash flow16.3Capital expenditure−70.6Free cash flow−54.3 −2,460.5%Fiscal year 2020Operating cash flow21.2Capital expenditure−134.6Free cash flow−113.4Fiscal year 2021Operating cash flow0.6Capital expenditure−322.1Free cash flow−321.5Fiscal year 2022Operating cash flow−43.2Capital expenditure−230.1Free cash flow−273.3Fiscal year 2023Operating cash flow75.9Capital expenditure−239.1Free cash flow−163.2Fiscal year 2024Operating cash flow154.3Capital expenditure−187.1Free cash flow−32.8Fiscal year 2025Operating cash flow160.6Capital expenditure−148.2Free cash flow12.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 12.8 10.3 18.6 16.3 21.2 0.6 −43.2 75.9 154.3 160.6
Capital expenditure −30.0 −13.0 −16.3 −70.6 −134.6 −322.1 −230.1 −239.1 −187.1 −148.2
Free cash flow −17.2 −2.7 2.3 −54.3 −113.4 −321.5 −273.3 −163.2 −32.8 12.4
Growth −2,460.5%
Buybacks n/a n/a −0.3 n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash3.9Shareholders’ equity107.8Fiscal year 2017Cash2.2Shareholders’ equity116.9Fiscal year 2018Cash7.6Shareholders’ equity121.5Fiscal year 2019Cash9.5Total debt54.5Net cash (debt)−45.0Shareholders’ equity131.3Debt to equity0.41Fiscal year 2020Cash67.2Total debt0.0Net cash (debt)67.2Shareholders’ equity394.2Debt to equity0.00Fiscal year 2021Cash72.8Total debt0.0Net cash (debt)72.8Shareholders’ equity719.8Debt to equity0.00Fiscal year 2022Cash132.7Shareholders’ equity1,031.6Fiscal year 2023Cash296.9Shareholders’ equity953.5Fiscal year 2024Cash268.6Shareholders’ equity1,055.4Fiscal year 2025Cash278.0Shareholders’ equity1,208.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.9 2.2 7.6 9.5 67.2 72.8 132.7 296.9 268.6 278.0
Total debt n/a n/a n/a 54.5 0.0 0.0 n/a n/a n/a n/a
Net cash (debt) n/a n/a n/a −45.0 67.2 72.8 n/a n/a n/a n/a
Shareholders’ equity 107.8 116.9 121.5 131.3 394.2 719.8 1,031.6 953.5 1,055.4 1,208.7
Debt to equity n/a n/a n/a 0.41 0.00 0.00 n/a n/a n/a n/a

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

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 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
Margins
46.5% 47.5% 46.6% 46.4% 41.7% 38.1% 31.2% 32.7% 40.6% 40.8%
−1.7% −1.8% −2.5% −0.1% −0.6% −5.8% −8.7% −4.0% 3.9% 6.9%
−2.4% −2.7% −2.7% −0.5% −1.0% −6.5% −9.3% −4.1% 4.9% 6.4%
−2.4% −2.8% −2.8% −0.6% −1.0% −7.0% −10.0% −4.4% 4.8% 12.6%
−13.2% −1.8% 1.2% −22.1% −35.6% −75.5% −45.9% −21.3% −3.4% 1.1%
Spending
0.4% 0.2% 0.3% 0.5% 0.3% n/a n/a n/a n/a n/a
48.3% 49.3% 49.1% 46.6% 42.3% 43.9% 40.0% 36.7% 36.7% 33.9%
23.1% 8.5% 8.4% 28.7% 42.2% 75.7% 38.6% 31.2% 19.2% 13.4%
n/a n/a n/a n/a n/a n/a n/a n/a 1.3% −96.6%
Returns
−2.9% −3.6% −4.4% −1.1% −0.8% −4.1% −5.8% −3.5% 4.4% 11.5%
−2.5% −3.2% −3.8% −0.6% −0.7% −3.8% −5.3% −2.3% 3.0% 7.8%
Balance and payout
n/a n/a n/a 0.41 0.00 0.00 n/a n/a n/a n/a
14.8% 12.7% 13.2% 44.4% 9.3% 8.2% 8.3% 34.9% 33.0% 32.0%
n/a n/a 11.1% n/a n/a n/a n/a n/a n/a n/a