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Stocks · Consumer staples · Miscellaneous Food Preparations & Kindred Products

MEDIFAST INC

MED Clue Score40
United States Fiscal year ends December CIK 0000910329
$11.61 +1.57% Close, 9 Oct 2026
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Price $11.61 −93.95% 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 2016Revenue274.5Operating income26.9Net income17.8EPS, diluted1.49Fiscal year 2017Revenue301.6 +9.8%Operating income39.6Net income27.7 +55.4%EPS, diluted2.29 +53.7%Fiscal year 2018Revenue501.0 +66.1%Operating income69.1Net income55.8 +101.3%EPS, diluted4.62 +101.7%Fiscal year 2019Revenue713.7 +42.4%Operating income91.0Net income77.9 +39.7%EPS, diluted6.43 +39.2%Fiscal year 2020Revenue934.8 +31.0%Operating income134.2Net income102.9 +32.0%EPS, diluted8.68 +35.0%Fiscal year 2021Revenue1,526.1 +63.2%Operating income216.2Net income164.0 +59.5%EPS, diluted13.89 +60.0%Fiscal year 2022Revenue1,598.6 +4.8%Operating income184.8Net income143.6 −12.5%EPS, diluted12.73 −8.4%Fiscal year 2023Revenue1,072.1 −32.9%Operating income126.4Net income99.4 −30.8%EPS, diluted9.10 −28.5%Fiscal year 2024Revenue602.5 −43.8%Operating income2.9Net income2.1 −97.9%EPS, diluted0.19 −97.9%Fiscal year 2025Revenue385.8 −36.0%Operating income−14.2Net income−18.7 −993.0%EPS, diluted−1.70 −994.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 274.5 301.6 501.0 713.7 934.8 1,526.1 1,598.6 1,072.1 602.5 385.8
Growth +9.8% +66.1% +42.4% +31.0% +63.2% +4.8% −32.9% −43.8% −36.0%
Operating income 26.9 39.6 69.1 91.0 134.2 216.2 184.8 126.4 2.9 −14.2
Net income 17.8 27.7 55.8 77.9 102.9 164.0 143.6 99.4 2.1 −18.7
Growth +55.4% +101.3% +39.7% +32.0% +59.5% −12.5% −30.8% −97.9% −993.0%
EPS, diluted 1.49 2.29 4.62 6.43 8.68 13.89 12.73 9.10 0.19 −1.70
Growth +53.7% +101.7% +39.2% +35.0% +60.0% −8.4% −28.5% −97.9% −994.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin74.9%Operating margin9.8%Net margin6.5%Free cash flow margin8.2%Fiscal year 2017Gross margin75.5%Operating margin13.1%Net margin9.2%Free cash flow margin13.3%Fiscal year 2018Gross margin75.8%Operating margin13.8%Net margin11.1%Free cash flow margin11.2%Fiscal year 2019Gross margin75.2%Operating margin12.8%Net margin10.9%Free cash flow margin10.4%Fiscal year 2020Gross margin74.6%Operating margin14.4%Net margin11.0%Free cash flow margin14.9%Fiscal year 2021Gross margin73.9%Operating margin14.2%Net margin10.7%Free cash flow margin4.0%Fiscal year 2022Gross margin71.3%Operating margin11.6%Net margin9.0%Free cash flow margin11.1%Fiscal year 2023Gross margin72.4%Operating margin11.8%Net margin9.3%Free cash flow margin13.2%Fiscal year 2024Gross margin73.8%Operating margin0.5%Net margin0.3%Free cash flow margin2.8%Fiscal year 2025Gross margin71.3%Operating margin−3.7%Net margin−4.8%Free cash flow margin0.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 74.9% 75.5% 75.8% 75.2% 74.6% 73.9% 71.3% 72.4% 73.8% 71.3%
Operating margin 9.8% 13.1% 13.8% 12.8% 14.4% 14.2% 11.6% 11.8% 0.5% −3.7%
Net margin 6.5% 9.2% 11.1% 10.9% 11.0% 10.7% 9.0% 9.3% 0.3% −4.8%
Free cash flow margin 8.2% 13.3% 11.2% 10.4% 14.9% 4.0% 11.1% 13.2% 2.8% 0.3%

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 flow25.4Capital expenditure−2.9Free cash flow22.5Dividends paid−11.9Fiscal year 2017Operating cash flow43.2Capital expenditure−3.2Free cash flow40.0 +78.0%Dividends paid−15.4Fiscal year 2018Operating cash flow60.8Capital expenditure−4.9Free cash flow55.9 +39.7%Buybacks−30.0Dividends paid−23.2Fiscal year 2019Operating cash flow84.3Capital expenditure−10.1Free cash flow74.2 +32.8%Buybacks−33.1Dividends paid−35.4Fiscal year 2020Operating cash flow145.2Capital expenditure−5.9Free cash flow139.3 +87.7%Buybacks−5.0Dividends paid−53.2Fiscal year 2021Operating cash flow94.5Capital expenditure−34.2Free cash flow60.3 −56.7%Buybacks−56.0Dividends paid−63.9Fiscal year 2022Operating cash flow194.6Capital expenditure−16.7Free cash flow177.9 +194.8%Buybacks−126.4Dividends paid−71.6Fiscal year 2023Operating cash flow147.7Capital expenditure−6.5Free cash flow141.2 −20.6%Buybacks−3.6Dividends paid−73.0Fiscal year 2024Operating cash flow24.5Capital expenditure−7.5Free cash flow17.0 −87.9%Buybacks0.0Dividends paid−0.7Fiscal year 2025Operating cash flow6.9Capital expenditure−5.6Free cash flow1.2 −92.7%Buybacks0.0Dividends paid−0.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 25.4 43.2 60.8 84.3 145.2 94.5 194.6 147.7 24.5 6.9
Capital expenditure −2.9 −3.2 −4.9 −10.1 −5.9 −34.2 −16.7 −6.5 −7.5 −5.6
Free cash flow 22.5 40.0 55.9 74.2 139.3 60.3 177.9 141.2 17.0 1.2
Growth +78.0% +39.7% +32.8% +87.7% −56.7% +194.8% −20.6% −87.9% −92.7%
Buybacks n/a n/a −30.0 −33.1 −5.0 −56.0 −126.4 −3.6 0.0 0.0
Dividends paid −11.9 −15.4 −23.2 −35.4 −53.2 −63.9 −71.6 −73.0 −0.7 −0.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash52.4Shareholders’ equity96.0Fiscal year 2017Cash75.1Shareholders’ equity106.6Fiscal year 2018Cash81.4Shareholders’ equity109.1Fiscal year 2019Cash77.0Shareholders’ equity104.8Fiscal year 2020Cash163.7Shareholders’ equity157.2Fiscal year 2021Cash104.2Shareholders’ equity202.5Fiscal year 2022Cash87.7Shareholders’ equity155.0Fiscal year 2023Cash94.4Shareholders’ equity201.5Fiscal year 2024Cash90.9Shareholders’ equity210.1Fiscal year 2025Cash89.3Shareholders’ equity198.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 52.4 75.1 81.4 77.0 163.7 104.2 87.7 94.4 90.9 89.3
Shareholders’ equity 96.0 106.6 109.1 104.8 157.2 202.5 155.0 201.5 210.1 198.9

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 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
Revenue and profit
274.5 301.6 501.0 713.7 934.8 1,526.1 1,598.6 1,072.1 602.5 385.8
Growth +9.8% +66.1% +42.4% +31.0% +63.2% +4.8% −32.9% −43.8% −36.0%
68.9 73.8 121.1 176.8 237.0 398.5 458.2 296.2 157.8 110.6
205.7 227.8 379.9 536.9 697.8 1,127.6 1,140.4 775.9 444.6 275.2
Growth +10.8% +66.8% +41.3% +30.0% +61.6% +1.1% −32.0% −42.7% −38.1%
2.0 1.5 2.2 2.7 2.8 4.4 4.5 4.6 4.6 4.3
178.8 188.2 310.8 445.8 563.7 911.4 955.6 649.4 441.7 289.4
26.9 39.6 69.1 91.0 134.2 216.2 184.8 126.4 2.9 −14.2
Growth +47.6% +74.3% +31.8% +47.4% +61.2% −14.5% −31.6% −97.7% −593.8%
27.1 40.3 70.5 92.4 134.3 216.1 184.1 128.8 3.8 −5.6
9.3 12.6 14.8 14.4 31.4 52.1 40.5 29.4 1.7 13.0
17.8 27.7 55.8 77.9 102.9 164.0 143.6 99.4 2.1 −18.7
Growth +55.4% +101.3% +39.7% +32.0% +59.5% −12.5% −30.8% −97.9% −993.0%
Per share
1.51 2.32 4.67 6.62 8.74 14.01 12.82 9.13 0.19 −1.70
1.49 2.29 4.62 6.43 8.68 13.89 12.73 9.10 0.19 −1.70
Growth +53.7% +101.7% +39.2% +35.0% +60.0% −8.4% −28.5% −97.9% −994.7%
11.8 11.9 11.9 11.8 11.8 11.7 11.2 10.9 10.9 11.0
11.9 12.1 12.1 12.1 11.9 11.8 11.3 10.9 11.0 11.0
Growth +1.2% −0.1% +0.3% −2.2% −0.3% −4.5% −3.1% +0.4% +0.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 16.2% a year over five years.
  • The diluted share count fell 7.3% in five years, so buybacks did some of the work per share.
  • Operating margin is down 18.0 points on five years ago, at -3.7%.
  • A net loss in 1 of 10 years on file.