Freshpet (FRPT) Financials

$80.92 +1.83 (+2.31%)

Closing price 05/6/2025 04:00 PM Eastern

Extended Trading

$81.93 +1.01 (+1.24%)

As of 08:02 AM Eastern

Annual Income Statements for Freshpet

This table shows Freshpet's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-3.71	-3.16	-4.19	-11	-1.43	-3.19	-30	-58	-36	47
Consolidated Net Income / (Loss)	-3.71	-3.16	-4.26	-5.36	-1.38	-3.19	-30	-59	-34	47
Net Income / (Loss) Continuing Operations	-3.71	-3.16	-4.26	-5.36	-1.38	-3.19	-30	-59	-34	47
Total Pre-Tax Income	-3.65	-3.09	-4.19	-5.28	-1.24	-3.12	-28	-55	-32	48
Total Operating Income	-3.65	-2.21	-2.75	-4.89	-0.25	-2.00	-25	-52	-30	38
Total Gross Profit	55	60	72	90	114	133	162	186	251	396
Total Revenue	116	130	152	193	246	319	425	595	767	975
Operating Revenue	116	130	152	193	246	319	425	595	767	975
Total Cost of Revenue	62	69	80	103	132	186	263	409	516	579
Operating Cost of Revenue	62	69	80	103	132	186	263	409	516	579
Total Operating Expenses	58	63	75	95	114	135	187	238	281	358
Selling, General & Admin Expense	58	63	75	95	114	135	187	238	281	358
Total Other Income / (Expense), net	-0.01	-0.88	-1.44	-0.40	-0.99	-1.13	-2.87	-3.50	-1.07	9.52
Interest Expense	0.45	0.70	0.91	0.30	0.99	1.21	2.88	5.21	14	12
Interest & Investment Income	-	-	-	-	-	-	-	-	-	9.92
Other Income / (Expense), net	0.45	-0.18	-0.53	-0.10	0.01	0.09	0.01	1.71	13	12
Income Tax Expense	0.06	0.07	0.08	0.08	0.14	0.07	0.16	0.28	0.21	0.60
Basic Earnings per Share	($0.11)	($0.09)	($0.12)	($0.15)	($0.04)	($0.08)	($0.69)	($1.29)	($0.70)	$0.97
Weighted Average Basic Shares Outstanding	33.50M	33.67M	34.49M	35.33M	35.95M	39.76M	42.93M	46.19M	48.16M	48.49M
Diluted Earnings per Share	($0.11)	($0.09)	($0.12)	($0.15)	($0.04)	($0.08)	($0.69)	($1.29)	($0.70)	$0.93
Weighted Average Diluted Shares Outstanding	33.50M	33.67M	34.49M	35.33M	35.95M	39.76M	42.93M	46.19M	48.16M	50.26M
Weighted Average Basic & Diluted Shares Outstanding	33.70M	35.10M	34.90M	36.50M	36.17M	40.72M	43.45M	48.05M	48.29M	48.72M

This table shows Freshpet's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-19	-2.59	-25	-17	-7.46	14	19	-1.69	12	18
Consolidated Net Income / (Loss)	-18	-2.92	-25	-17	-7.17	15	19	-1.69	12	18
Net Income / (Loss) Continuing Operations	-18	-2.92	-25	-17	-7.17	15	19	-1.69	12	18
Total Pre-Tax Income	-17	-2.00	-24	-16	-7.10	15	19	-1.64	12	19
Total Operating Income	-16	-2.07	-22	-17	-7.08	15	8.46	-1.75	12	19
Total Gross Profit	45	46	51	59	66	75	88	94	102	112
Total Revenue	151	166	168	183	201	215	224	235	253	263
Operating Revenue	151	166	168	183	201	215	224	235	253	263
Total Cost of Revenue	107	120	117	124	134	141	136	141	151	151
Operating Cost of Revenue	107	120	117	124	134	141	136	141	151	151
Total Operating Expenses	60	48	72	76	73	60	80	96	90	92
Selling, General & Admin Expense	60	48	72	76	73	60	80	96	90	92
Total Other Income / (Expense), net	-1.56	0.07	-2.23	0.78	-0.02	0.40	10	0.11	0.04	-0.82
Interest Expense	1.82	1.15	3.17	3.33	4.15	3.45	3.06	2.75	2.92	3.53
Other Income / (Expense), net	0.26	1.22	0.95	4.11	4.13	3.85	13	2.86	2.96	-7.21
Income Tax Expense	0.04	0.16	0.07	0.07	0.07	-	0.05	0.05	0.05	0.44
Basic Earnings per Share	($0.39)	($0.05)	($0.52)	($0.35)	($0.15)	$0.32	$0.38	($0.03)	$0.25	$0.37
Weighted Average Basic Shares Outstanding	47.86M	46.19M	48.05M	48.13M	48.19M	48.16M	48.32M	48.46M	48.51M	48.49M
Diluted Earnings per Share	($0.39)	($0.05)	($0.52)	($0.35)	($0.15)	$0.32	$0.37	($0.03)	$0.24	$0.35
Weighted Average Diluted Shares Outstanding	47.86M	46.19M	48.05M	48.13M	48.19M	48.16M	50.05M	48.46M	50.28M	50.26M
Weighted Average Basic & Diluted Shares Outstanding	48.02M	48.05M	48.12M	48.20M	48.24M	48.29M	48.43M	48.48M	48.54M	48.72M

This table details how cash moves in and out of Freshpet's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-28	-4.12	-2.06	5.37	1.92	58	5.54	60	164	-28
Net Cash From Operating Activities	6.74	13	10	19	16	21	0.65	-43	76	154
Net Cash From Continuing Operating Activities	6.74	13	9.94	19	16	21	0.65	-43	76	154
Net Income / (Loss) Continuing Operations	-3.71	-3.16	-4.26	-5.36	-1.38	-3.19	-30	-59	-34	47
Consolidated Net Income / (Loss)	-3.71	-3.16	-4.26	-5.36	-1.38	-3.19	-30	-59	-34	47
Depreciation Expense	7.57	9.89	13	14	16	21	30	35	59	74
Amortization Expense	0.14	0.15	0.43	0.12	0.21	0.83	1.21	0.80	4.06	2.09
Non-Cash Adjustments To Reconcile Net Income	3.42	3.49	5.16	7.03	8.92	13	28	34	31	44
Changes in Operating Assets and Liabilities, net	-0.69	2.43	-4.08	2.72	-7.35	-11	-29	-53	16	-12
Net Cash From Investing Activities	-35	-27	-13	-16	-71	-162	-322	-233	-239	-187
Net Cash From Continuing Investing Activities	-35	-27	-13	-16	-71	-162	-322	-233	-239	-187
Purchase of Property, Plant & Equipment	-32	-30	-13	-16	-71	-135	-322	-230	-239	-187
Acquisitions	-	-	-	0.00	0.00	-28	0.00	-3.29	0.00	0.00
Purchase of Investments	-7.50	-	-	0.00	0.00	-20	0.00	-20	-113	0.00
Sale and/or Maturity of Investments	4.25	3.25	-	0.00	0.00	20	0.00	20	113	0.00
Net Cash From Financing Activities	0.29	9.77	1.01	3.07	56	199	327	337	327	4.57
Net Cash From Continuing Financing Activities	0.29	9.77	1.01	3.07	56	199	327	337	327	4.57
Repayment of Debt	-	-3.00	-15	-6.00	-19	-77	-3.26	-78	-2.03	0.00
Issuance of Debt	-	10	7.50	6.00	72	21	0.00	78	394	0.00
Issuance of Common Equity	-	-	-	0.00	0.00	252	332	338	0.00	0.00
Other Financing Activities, net	0.29	2.77	8.28	3.07	3.17	2.87	-1.92	-0.97	-64	4.57
Cash Interest Paid	0.33	0.45	0.52	0.18	0.52	1.06	1.73	3.15	9.30	10
Cash Income Taxes Paid	0.06	0.08	0.06	0.07	0.01	0.09	0.18	0.30	0.31	0.19

This table details how cash moves in and out of Freshpet's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-67	-108	204	-93	94	-41	-39	-6.20	23	-5.96
Net Cash From Operating Activities	8.72	10	-14	14	39	37	5.41	42	56	50
Net Cash From Continuing Operating Activities	8.72	10	-14	14	39	37	5.41	42	56	50
Net Income / (Loss) Continuing Operations	-18	-2.92	-25	-17	-7.17	15	19	-1.69	12	18
Consolidated Net Income / (Loss)	-18	-2.92	-25	-17	-7.17	15	19	-1.69	12	18
Depreciation Expense	8.53	10	14	14	17	13	16	17	19	21
Amortization Expense	0.20	0.20	2.48	-0.44	1.51	0.51	0.51	0.52	0.52	0.53
Non-Cash Adjustments To Reconcile Net Income	8.86	6.64	9.63	9.37	8.30	3.59	-2.86	20	13	14
Changes in Operating Assets and Liabilities, net	9.58	-3.60	-16	7.10	20	4.50	-27	6.54	12	-3.92
Net Cash From Investing Activities	-73	-43	-107	-109	54	-77	-46	-48	-34	-58
Net Cash From Continuing Investing Activities	-73	-43	-107	-109	54	-77	-46	-48	-34	-58
Purchase of Property, Plant & Equipment	-73	-63	-58	-44	-59	-77	-46	-48	-34	-58
Net Cash From Financing Activities	-3.19	-75	326	1.98	0.55	-0.76	2.09	-0.29	0.83	1.93
Net Cash From Continuing Financing Activities	-3.19	-75	326	1.98	0.55	-0.76	2.09	-0.29	0.83	1.93
Other Financing Activities, net	-0.07	-0.02	-66	1.98	0.55	-0.76	2.09	-0.29	0.83	1.93
Cash Interest Paid	1.89	-	1.22	0.00	7.47	0.61	6.59	0.57	6.60	-3.61

This table presents Freshpet's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	113	126	134	140	236	434	784	1,125	1,464	1,575
Total Current Assets	25	19	27	31	54	109	150	262	427	437
Cash & Equivalents	8.03	3.91	2.18	7.55	9.47	67	73	133	297	269
Accounts Receivable	7.03	8.89	13	12	19	18	35	58	57	68
Inventories, net	6.85	5.40	10	9.32	13	19	36	58	63	81
Prepaid Expenses	0.23	0.74	1.20	1.08	3.28	3.38	5.83	9.78	7.62	16
Other Current Assets	-	0.30	0.73	0.68	10	0.91	1.35	3.59	2.84	3.13
Plant, Property, & Equipment, net	83	101	101	102	165	281	584	801	0.00	0.00
Total Noncurrent Assets	4.91	5.71	6.34	6.91	17	44	50	63	1,037	1,138
Long-Term Investments	-	-	-	-	0.00	28	26	25	24	33
Other Noncurrent Operating Assets	4.91	5.71	6.34	6.91	17	16	24	37	1,014	1,104
Total Liabilities & Shareholders' Equity	113	126	134	140	236	434	784	1,125	1,464	1,575
Total Liabilities	9.15	19	17	18	105	40	65	94	511	520
Total Current Liabilities	9.15	19	17	18	42	33	59	90	89	99
Accounts Payable	6.67	6.88	9.17	9.17	19	16	43	55	36	39
Accrued Expenses	2.48	4.78	7.52	9.05	22	15	15	33	50	56
Other Current Liabilities	-	-	-	-	1.19	1.30	1.38	1.51	3.31	3.44
Total Noncurrent Liabilities	0.00	0.00	0.30	0.27	63	7.10	5.71	4.20	422	421
Long-Term Debt	-	-	-	-	54	-	-	0.00	393	395
Capital Lease Obligations	-	-	-	-	-	-	-	0.00	26	23
Other Noncurrent Operating Liabilities	-	-	0.30	0.27	8.41	7.10	5.71	4.20	2.59	2.21
Commitments & Contingencies	-	-	-	-	-	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	104	108	117	121	131	394	720	1,032	953	1,055
Total Preferred & Common Equity	104	108	117	121	131	394	720	1,032	953	1,055
Total Common Equity	104	108	117	121	131	394	720	1,032	953	1,055
Common Stock	293	300	313	323	334	600	956	1,326	1,283	1,338
Retained Earnings	-189	-192	-196	-201	-203	-206	-236	-295	-329	-282
Accumulated Other Comprehensive Income / (Loss)	-	-	0.08	-0.03	-0.08	-0.08	-0.12	1.37	-0.59	-0.79
Other Equity Adjustments	-	-	-	-0.26	-	-	-	-0.26	-0.26	-0.26

This table presents Freshpet's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,165	1,400	1,410	1,444	1,481	1,506	1,532
Total Current Assets	383	513	487	462	407	405	421
Cash & Equivalents	240	337	244	338	258	252	275
Accounts Receivable	48	50	52	54	69	68	65
Inventories, net	64	66	65	59	72	73	73
Prepaid Expenses	8.40	7.75	8.18	8.81	5.76	8.57	5.77
Other Current Assets	2.31	3.09	3.32	1.99	2.94	3.55	3.13
Plant, Property, & Equipment, net	719	826	865	925	1,006	0.00	0.00
Total Noncurrent Assets	63	61	58	57	68	1,101	1,110
Long-Term Investments	26	24	24	24	33	33	33
Other Noncurrent Operating Assets	36	36	34	34	34	1,068	1,077
Total Liabilities & Shareholders' Equity	1,165	1,400	1,410	1,444	1,481	1,506	1,532
Total Liabilities	136	451	473	506	503	511	510
Total Current Liabilities	131	56	77	84	82	90	89
Accounts Payable	37	26	32	41	47	34	35
Accrued Expenses	20	28	43	39	32	53	50
Other Current Liabilities	1.48	1.54	1.58	3.49	3.16	3.07	3.37
Total Noncurrent Liabilities	4.59	395	395	422	421	421	421
Long-Term Debt	-	392	392	393	394	394	395
Capital Lease Obligations	4.59	-	-	27	25	24	24
Other Noncurrent Operating Liabilities	-	3.80	3.10	2.85	2.33	2.06	2.56
Commitments & Contingencies	-	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,030	949	938	939	978	996	1,021
Total Preferred & Common Equity	1,030	949	938	939	978	996	1,021
Total Common Equity	1,030	949	938	939	978	996	1,021
Common Stock	1,321	1,268	1,276	1,284	1,289	1,309	1,322
Retained Earnings	-292	-320	-337	-344	-310	-312	-300
Accumulated Other Comprehensive Income / (Loss)	1.05	1.38	-0.66	-0.96	-0.71	-0.79	-0.18
Other Equity Adjustments	-	-0.26	-0.26	-0.26	-0.26	-0.26	-0.26

This table displays calculated financial ratios and metrics derived from Freshpet's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	33.91%	11.64%	17.46%	26.83%	27.23%	29.66%	33.47%	39.92%	28.82%	27.16%
EBITDA Growth	117.83%	69.05%	28.81%	-6.58%	72.76%	26.21%	-64.93%	-312.28%	402.62%	178.06%
EBIT Growth	90.21%	25.07%	-36.71%	-52.23%	95.03%	-670.56%	-1,189.90%	-103.95%	65.36%	386.31%
NOPAT Growth	40.01%	39.28%	-24.21%	-77.59%	94.82%	-689.72%	-1,134.38%	-110.77%	41.43%	276.05%
Net Income Growth	90.06%	14.83%	-34.86%	-25.78%	74.20%	-130.51%	-831.59%	-100.32%	43.50%	239.60%
EPS Growth	98.86%	18.18%	-33.33%	-25.00%	73.33%	-100.00%	-762.50%	-86.96%	45.74%	232.86%
Operating Cash Flow Growth	183.96%	89.94%	-19.76%	80.86%	-12.16%	29.88%	-96.95%	-6,781.14%	275.68%	103.17%
Free Cash Flow Firm Growth	-1.82%	29.68%	70.79%	54.57%	-2,284.68%	-98.62%	-173.30%	14.93%	30.69%	59.03%
Invested Capital Growth	38.04%	19.64%	3.47%	-0.70%	54.72%	69.65%	107.71%	40.62%	20.47%	11.36%
Revenue Q/Q Growth	5.15%	0.40%	6.36%	6.51%	6.09%	6.26%	7.95%	9.16%	6.91%	5.10%
EBITDA Q/Q Growth	126.85%	-7.50%	5.18%	6.66%	31.78%	-23.50%	-27.04%	37.43%	102.42%	1.40%
EBIT Q/Q Growth	87.15%	-174.34%	4.24%	3.94%	92.83%	-130.83%	-22.54%	11.87%	52.93%	-11.64%
NOPAT Q/Q Growth	35.19%	-146.86%	2.35%	5.28%	92.19%	-124.14%	-22.54%	9.68%	35.78%	12.36%
Net Income Q/Q Growth	83.82%	-95.85%	6.20%	4.33%	67.52%	-167.23%	-25.15%	9.64%	35.13%	6.42%
EPS Q/Q Growth	98.50%	-125.00%	14.29%	-7.14%	69.23%	-161.54%	-25.45%	11.03%	34.58%	3.33%
Operating Cash Flow Q/Q Growth	1,476.58%	40.83%	-3.20%	35.86%	20.60%	-18.15%	-86.51%	13.02%	53.66%	9.51%
Free Cash Flow Firm Q/Q Growth	0.00%	27.89%	9.41%	43.46%	-33.04%	-17.05%	-26.87%	13.92%	3.91%	19.92%
Invested Capital Q/Q Growth	10.63%	0.31%	-0.18%	-1.75%	9.70%	9.71%	18.09%	6.38%	5.64%	3.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.04%	46.54%	47.53%	46.57%	46.45%	41.69%	38.11%	31.25%	32.71%	40.60%
EBITDA Margin	3.89%	5.89%	6.46%	4.76%	6.46%	6.29%	1.65%	-2.51%	5.89%	12.88%
Operating Margin	-3.14%	-1.71%	-1.81%	-2.53%	-0.10%	-0.63%	-5.80%	-8.73%	-3.97%	3.90%
EBIT Margin	-2.75%	-1.85%	-2.15%	-2.58%	-0.10%	-0.60%	-5.79%	-8.44%	-2.27%	5.11%
Profit (Net Income) Margin	-3.19%	-2.44%	-2.80%	-2.77%	-0.56%	-1.00%	-6.98%	-9.99%	-4.38%	4.81%
Tax Burden Percent	101.57%	102.12%	101.80%	101.46%	111.62%	102.08%	107.87%	107.23%	106.66%	98.74%
Interest Burden Percent	114.21%	129.13%	127.79%	105.93%	499.60%	163.42%	111.69%	110.36%	180.94%	95.30%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.26%
Return on Invested Capital (ROIC)	-3.20%	-1.52%	-1.71%	-2.99%	-0.12%	-0.59%	-3.75%	-4.87%	-2.21%	3.37%
ROIC Less NNEP Spread (ROIC-NNEP)	1.67%	37.81%	-516.59%	36.87%	-6.56%	6.55%	9.08%	13.13%	39.21%	12.12%
Return on Net Nonoperating Assets (RNNOA)	-0.38%	-1.46%	-2.09%	-1.51%	-0.97%	-0.62%	-1.58%	-1.92%	-1.17%	1.30%
Return on Equity (ROE)	-3.58%	-2.99%	-3.79%	-4.50%	-1.09%	-1.21%	-5.33%	-6.79%	-3.39%	4.67%
Cash Return on Invested Capital (CROIC)	-35.16%	-19.41%	-5.12%	-2.29%	-43.09%	-52.25%	-73.76%	-38.63%	-20.78%	-7.37%
Operating Return on Assets (OROA)	-2.84%	-2.00%	-2.52%	-3.64%	-0.13%	-0.57%	-4.05%	-5.26%	-1.35%	3.28%
Return on Assets (ROA)	-3.29%	-2.64%	-3.27%	-3.92%	-0.74%	-0.95%	-4.87%	-6.23%	-2.60%	3.09%
Return on Common Equity (ROCE)	-3.58%	-2.99%	-3.79%	-4.50%	-1.09%	-1.21%	-5.33%	-6.79%	-3.39%	4.67%
Return on Equity Simple (ROE_SIMPLE)	-3.57%	-2.93%	-3.65%	-4.41%	-1.05%	-0.81%	-4.13%	-5.77%	-3.53%	4.45%
Net Operating Profit after Tax (NOPAT)	-2.55	-1.55	-1.93	-3.42	-0.18	-1.40	-17	-36	-21	38
NOPAT Margin	-2.20%	-1.20%	-1.26%	-1.77%	-0.07%	-0.44%	-4.06%	-6.11%	-2.78%	3.85%
Net Nonoperating Expense Percent (NNEP)	-4.87%	-39.33%	514.89%	-39.86%	6.44%	-7.14%	-12.83%	-18.00%	-41.42%	-8.74%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-3.53%	-1.55%	2.55%
Cost of Revenue to Revenue	52.96%	53.46%	52.47%	53.43%	53.55%	58.31%	61.89%	68.75%	67.29%	59.40%
SG&A Expenses to Revenue	50.18%	48.25%	49.34%	49.10%	46.55%	42.32%	43.90%	39.98%	36.68%	36.71%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	50.18%	48.25%	49.34%	49.10%	46.55%	42.32%	43.90%	39.98%	36.68%	36.71%
Earnings before Interest and Taxes (EBIT)	-3.20	-2.40	-3.28	-4.99	-0.25	-1.91	-25	-50	-17	50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.52	7.64	9.84	9.20	16	20	7.03	-15	45	126
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.74	3.19	5.65	9.41	16.25	14.64	5.74	2.46	4.39	6.81
Price to Tangible Book Value (P/TBV)	2.74	3.19	5.65	9.41	16.25	14.64	5.74	2.46	4.39	6.81
Price to Revenue (P/Rev)	2.45	2.65	4.34	5.91	8.67	18.10	9.72	4.26	5.46	7.37
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	153.20
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.65%
Enterprise Value to Invested Capital (EV/IC)	2.95	3.13	5.74	9.97	12.35	18.98	6.50	2.72	4.07	6.23
Enterprise Value to Revenue (EV/Rev)	2.35	2.67	4.32	5.88	8.86	17.80	9.48	3.99	5.59	7.49
Enterprise Value to EBITDA (EV/EBITDA)	60.46	45.36	66.90	123.47	137.08	283.09	573.99	0.00	94.87	58.18
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	146.49
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	194.70
Enterprise Value to Operating Cash Flow (EV/OCF)	40.55	27.08	64.11	61.12	133.45	267.79	6,236.73	0.00	56.42	47.35
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.06	0.00	0.00	0.41	0.00	0.00	0.00	0.44	0.40
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.41	0.00	0.00	0.00	0.44	0.40
Financial Leverage	-0.23	-0.04	0.00	-0.04	0.15	-0.10	-0.17	-0.15	-0.03	0.11
Leverage Ratio	1.09	1.13	1.16	1.15	1.49	1.28	1.09	1.09	1.30	1.51
Compound Leverage Factor	1.24	1.46	1.48	1.22	7.43	2.09	1.22	1.20	2.36	1.44
Debt to Total Capital	0.00%	6.10%	0.00%	0.00%	29.33%	0.00%	0.00%	0.00%	30.54%	28.39%
Short-Term Debt to Total Capital	0.00%	6.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	29.33%	0.00%	0.00%	0.00%	30.54%	28.39%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	93.90%	100.00%	100.00%	70.67%	100.00%	100.00%	100.00%	69.46%	71.61%
Debt to EBITDA	0.00	0.92	0.00	0.00	3.43	0.00	0.00	0.00	9.28	3.33
Net Debt to EBITDA	0.00	0.40	0.00	0.00	2.83	0.00	0.00	0.00	2.19	0.93
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	3.43	0.00	0.00	0.00	9.28	3.33
Debt to NOPAT	0.00	-4.51	0.00	0.00	-307.54	0.00	0.00	0.00	-19.67	11.15
Net Debt to NOPAT	0.00	-1.99	0.00	0.00	-254.06	0.00	0.00	0.00	-4.63	3.10
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-307.54	0.00	0.00	0.00	-19.67	11.15
Altman Z-Score	17.43	9.89	22.42	36.44	12.10	86.35	38.52	16.40	5.36	9.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.78	1.03	1.62	1.70	1.29	3.29	2.55	2.92	4.79	4.42
Quick Ratio	2.00	0.69	0.89	1.09	0.67	2.59	1.82	2.12	3.96	3.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-28	-20	-5.77	-2.62	-63	-124	-339	-289	-200	-82
Operating Cash Flow to CapEx	21.05%	42.75%	78.98%	114.14%	23.10%	15.75%	0.20%	-18.79%	31.76%	82.47%
Free Cash Flow to Firm to Interest Expense	-61.80	-28.30	-6.34	-8.86	-63.08	-102.45	-117.75	-55.43	-14.19	-6.69
Operating Cash Flow to Interest Expense	14.82	18.33	11.28	62.75	16.47	17.49	0.22	-8.30	5.39	12.58
Operating Cash Flow Less CapEx to Interest Expense	-55.59	-24.55	-3.00	7.77	-54.81	-93.54	-111.54	-52.48	-11.57	-2.68
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.03	1.08	1.17	1.41	1.31	0.95	0.70	0.62	0.59	0.64
Accounts Receivable Turnover	18.75	16.30	14.10	15.43	15.91	17.22	15.99	12.89	13.42	15.58
Inventory Turnover	8.69	11.31	10.30	10.62	12.05	11.74	9.63	8.72	8.49	8.04
Fixed Asset Turnover	1.65	1.41	1.51	1.91	1.84	1.43	0.98	0.86	0.00	0.00
Accounts Payable Turnover	10.18	10.23	9.96	11.26	9.46	10.59	8.92	8.38	11.32	15.39
Days Sales Outstanding (DSO)	19.46	22.40	25.88	23.66	22.94	21.19	22.83	28.31	27.21	23.43
Days Inventory Outstanding (DIO)	42.02	32.26	35.43	34.35	30.30	31.09	37.90	41.85	42.98	45.38
Days Payable Outstanding (DPO)	35.86	35.67	36.66	32.42	38.58	34.48	40.93	43.56	32.25	23.71
Cash Conversion Cycle (CCC)	25.62	18.98	24.66	25.59	14.66	17.80	19.80	26.60	37.94	45.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	93	111	115	114	176	299	621	873	1,052	1,172
Invested Capital Turnover	1.45	1.27	1.35	1.69	1.69	1.34	0.92	0.80	0.80	0.88
Increase / (Decrease) in Invested Capital	26	18	3.84	-0.80	62	123	322	252	179	120
Enterprise Value (EV)	273	347	658	1,135	2,178	5,675	4,035	2,376	4,284	7,305
Market Capitalization	285	344	661	1,143	2,133	5,770	4,134	2,534	4,185	7,189
Book Value per Share	$3.10	$3.18	$3.35	$3.42	$3.64	$9.70	$16.59	$21.48	$19.76	$21.74
Tangible Book Value per Share	$3.10	$3.18	$3.35	$3.42	$3.64	$9.70	$16.59	$21.48	$19.76	$21.74
Total Capital	104	115	117	121	186	394	720	1,032	1,373	1,474
Total Debt	0.00	7.00	0.00	0.00	54	0.00	0.00	0.00	419	418
Total Long-Term Debt	0.00	0.00	0.00	0.00	54	0.00	0.00	0.00	419	418
Net Debt	-11	3.09	-2.18	-7.55	45	-95	-99	-158	99	116
Capital Expenditures (CapEx)	32	30	13	16	71	135	322	230	239	187
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4.97	3.67	8.08	5.19	2.87	8.73	19	40	41	69
Debt-free Net Working Capital (DFNWC)	16	7.57	10	13	12	76	91	172	338	338
Net Working Capital (NWC)	16	0.57	10	13	12	76	91	172	338	338
Net Nonoperating Expense (NNE)	1.16	1.61	2.34	1.94	1.21	1.79	12	23	12	-9.40
Net Nonoperating Obligations (NNO)	-11	3.09	-2.18	-7.55	45	-95	-99	-158	99	116
Total Depreciation and Amortization (D&A)	7.72	10	13	14	16	22	32	35	63	76
Debt-free, Cash-free Net Working Capital to Revenue	4.27%	2.83%	5.30%	2.68%	1.17%	2.74%	4.37%	6.65%	5.38%	7.13%
Debt-free Net Working Capital to Revenue	13.98%	5.84%	6.74%	6.59%	5.02%	23.83%	21.48%	28.95%	44.09%	34.67%
Net Working Capital to Revenue	13.98%	0.44%	6.74%	6.59%	5.02%	23.83%	21.48%	28.95%	44.09%	34.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.11)	($0.09)	($0.12)	($0.15)	($0.04)	($0.08)	($0.69)	($1.29)	($0.70)	$0.97
Adjusted Weighted Average Basic Shares Outstanding	33.50M	33.67M	34.49M	35.33M	35.95M	39.76M	42.93M	46.19M	48.16M	48.49M
Adjusted Diluted Earnings per Share	($0.11)	($0.09)	($0.12)	($0.15)	($0.04)	($0.08)	($0.69)	($1.29)	($0.70)	$0.93
Adjusted Weighted Average Diluted Shares Outstanding	33.50M	33.67M	34.49M	35.33M	35.95M	39.76M	42.93M	46.19M	48.16M	50.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	33.54M	33.98M	35.14M	35.64M	36.17M	40.72M	43.45M	48.05M	48.29M	48.72M
Normalized Net Operating Profit after Tax (NOPAT)	-2.55	-1.55	-1.93	-3.42	-0.18	-1.40	-17	-36	-21	38
Normalized NOPAT Margin	-2.20%	-1.20%	-1.26%	-1.77%	-0.07%	-0.44%	-4.06%	-6.11%	-2.78%	3.85%
Pre Tax Income Margin	-3.14%	-2.39%	-2.75%	-2.73%	-0.50%	-0.98%	-6.47%	-9.32%	-4.11%	4.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-7.04	-3.43	-3.60	-16.85	-0.25	-1.58	-8.55	-9.65	-1.24	4.07
NOPAT to Interest Expense	-5.62	-2.22	-2.12	-11.55	-0.18	-1.15	-5.99	-6.99	-1.51	3.06
EBIT Less CapEx to Interest Expense	-77.46	-46.32	-17.88	-71.83	-71.52	-112.61	-120.32	-53.83	-18.20	-11.19
NOPAT Less CapEx to Interest Expense	-76.04	-45.11	-16.40	-66.53	-71.45	-112.18	-117.75	-51.16	-18.47	-12.20
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Freshpet's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	40.66%	43.12%	26.75%	25.56%	32.57%	29.90%	33.62%	28.32%	26.29%	21.95%
EBITDA Growth	-197.33%	1,602.51%	51.94%	113.53%	317.87%	240.96%	1,160.70%	1,307.24%	127.77%	5.35%
EBIT Growth	-1,767.30%	88.86%	-31.66%	30.36%	81.16%	2,307.30%	205.60%	108.79%	604.48%	-35.07%
NOPAT Growth	-1,793.33%	72.95%	-35.48%	7.63%	55.50%	1,129.94%	156.04%	89.55%	339.28%	27.03%
Net Income Growth	-791.26%	68.52%	-41.30%	17.65%	61.16%	624.17%	175.05%	90.01%	265.99%	18.52%
EPS Growth	-680.00%	76.19%	-30.00%	22.22%	61.54%	740.00%	171.15%	91.43%	260.00%	9.38%
Operating Cash Flow Growth	239.11%	162.51%	60.50%	148.92%	349.43%	253.70%	139.35%	213.96%	43.12%	36.24%
Free Cash Flow Firm Growth	-20.56%	22.50%	31.17%	44.13%	41.21%	35.41%	32.08%	9.07%	31.16%	38.63%
Invested Capital Growth	56.10%	40.62%	33.02%	24.91%	21.32%	20.47%	18.87%	19.13%	13.63%	11.36%
Revenue Q/Q Growth	3.65%	9.58%	1.02%	9.44%	9.43%	7.38%	3.91%	5.09%	7.70%	3.69%
EBITDA Q/Q Growth	30.90%	237.12%	-137.91%	137.66%	1,012.85%	114.58%	17.94%	-50.03%	80.12%	-0.75%
EBIT Q/Q Growth	13.81%	94.57%	-2,322.26%	38.52%	76.68%	735.69%	15.88%	-94.88%	1,238.61%	-18.18%
NOPAT Q/Q Growth	12.30%	87.01%	-941.19%	22.12%	57.75%	400.63%	-43.35%	-114.52%	1,067.77%	59.61%
Net Income Q/Q Growth	10.38%	84.19%	-749.71%	31.61%	57.73%	313.37%	21.66%	-109.11%	802.18%	52.35%
EPS Q/Q Growth	13.33%	87.18%	-940.00%	32.69%	57.14%	313.33%	15.63%	-108.11%	900.00%	45.83%
Operating Cash Flow Q/Q Growth	131.58%	19.85%	-231.45%	198.32%	190.17%	-5.68%	-85.38%	684.55%	32.27%	-10.22%
Free Cash Flow Firm Q/Q Growth	14.78%	17.13%	3.12%	18.35%	10.32%	8.95%	-1.87%	-9.32%	32.11%	18.83%
Invested Capital Q/Q Growth	8.20%	6.38%	6.43%	1.96%	5.09%	5.64%	5.01%	2.19%	0.24%	3.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.44%	27.53%	30.30%	32.32%	33.04%	34.62%	39.38%	39.94%	40.36%	42.48%
EBITDA Margin	-4.57%	5.72%	-2.15%	0.74%	7.51%	15.01%	17.03%	8.10%	13.55%	12.97%
Operating Margin	-10.51%	-1.25%	-12.84%	-9.14%	-3.53%	6.91%	3.78%	-0.74%	4.70%	7.38%
EBIT Margin	-10.34%	-0.51%	-12.28%	-6.90%	-1.47%	8.70%	9.70%	0.47%	5.87%	4.63%
Profit (Net Income) Margin	-12.19%	-1.76%	-14.80%	-9.25%	-3.57%	7.10%	8.31%	-0.72%	4.69%	6.90%
Tax Burden Percent	105.63%	146.07%	104.42%	106.14%	100.99%	100.00%	99.71%	103.29%	99.55%	97.65%
Interest Burden Percent	111.61%	235.22%	115.42%	126.32%	240.71%	81.59%	85.91%	-147.61%	80.35%	152.51%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.29%	0.00%	0.45%	2.35%
Return on Invested Capital (ROIC)	-5.96%	-0.69%	-6.96%	-5.01%	-1.95%	5.51%	3.05%	-0.44%	4.08%	6.32%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.36%	0.45%	61.07%	-1.05%	0.97%	4.18%	21.91%	-1.09%	4.13%	5.57%
Return on Net Nonoperating Assets (RNNOA)	0.55%	-0.07%	-1.05%	0.14%	-0.07%	-0.13%	1.23%	-0.08%	0.35%	0.60%
Return on Equity (ROE)	-5.41%	-0.76%	-8.02%	-4.87%	-2.02%	5.38%	4.28%	-0.52%	4.43%	6.91%
Cash Return on Invested Capital (CROIC)	-49.79%	-38.63%	-33.30%	-26.76%	-22.92%	-20.78%	-17.29%	-16.07%	-9.62%	-7.37%
Operating Return on Assets (OROA)	-5.86%	-0.32%	-6.87%	-3.57%	-0.81%	5.15%	5.54%	0.28%	3.66%	2.97%
Return on Assets (ROA)	-6.91%	-1.10%	-8.28%	-4.78%	-1.96%	4.20%	4.75%	-0.43%	2.93%	4.43%
Return on Common Equity (ROCE)	-5.41%	-0.76%	-8.02%	-4.87%	-2.02%	5.38%	4.28%	-0.52%	4.43%	6.91%
Return on Equity Simple (ROE_SIMPLE)	-6.39%	0.00%	-7.03%	-6.73%	-5.52%	0.00%	1.00%	2.51%	4.32%	0.00%
Net Operating Profit after Tax (NOPAT)	-11	-1.45	-15	-12	-4.95	15	8.44	-1.23	12	19
NOPAT Margin	-7.36%	-0.87%	-8.99%	-6.40%	-2.47%	6.91%	3.77%	-0.52%	4.68%	7.20%
Net Nonoperating Expense Percent (NNEP)	-3.60%	-1.15%	-68.03%	-3.96%	-2.92%	1.33%	-18.86%	0.65%	-0.05%	0.74%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.14%	-	-	-	1.09%	-	-	-	1.28%
Cost of Revenue to Revenue	70.56%	72.47%	69.70%	67.68%	66.96%	65.38%	60.62%	60.06%	59.64%	57.52%
SG&A Expenses to Revenue	39.94%	28.78%	43.14%	41.45%	36.57%	27.70%	35.60%	40.68%	35.66%	35.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.94%	28.78%	43.14%	41.45%	36.57%	27.70%	35.60%	40.68%	35.66%	35.10%
Earnings before Interest and Taxes (EBIT)	-16	-0.85	-21	-13	-2.95	19	22	1.11	15	12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-6.92	9.48	-3.60	1.35	15	32	38	19	34	34
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.33	2.46	3.35	3.38	3.38	4.39	5.72	6.29	6.49	6.81
Price to Tangible Book Value (P/TBV)	2.33	2.46	3.35	3.38	3.38	4.39	5.72	6.29	6.49	6.81
Price to Revenue (P/Rev)	4.39	4.26	5.04	4.74	4.43	5.46	6.79	7.16	7.15	7.37
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	715.94	271.69	154.12	153.20
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.37%	0.65%	0.65%
Enterprise Value to Invested Capital (EV/IC)	2.66	2.72	3.40	3.35	3.25	4.07	5.17	5.67	5.96	6.23
Enterprise Value to Revenue (EV/Rev)	4.01	3.99	5.01	4.76	4.51	5.59	6.94	7.31	7.27	7.49
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	9,744.99	144.90	94.87	65.79	61.19	54.44	58.18
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	229.91	165.72	119.45	146.49
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	443.59	201.87	194.70
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	167.70	65.41	56.42	60.12	51.62	47.85	47.35
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.00	0.41	0.42	0.45	0.44	0.43	0.42	0.41	0.40
Long-Term Debt to Equity	0.00	0.00	0.41	0.42	0.45	0.44	0.43	0.42	0.41	0.40
Financial Leverage	-0.23	-0.15	-0.02	-0.13	-0.08	-0.03	0.06	0.07	0.09	0.11
Leverage Ratio	1.10	1.09	1.36	1.31	1.33	1.30	1.50	1.51	1.52	1.51
Compound Leverage Factor	1.22	2.57	1.57	1.66	3.19	1.06	1.28	-2.23	1.22	2.31
Debt to Total Capital	6.99%	0.00%	29.21%	29.48%	30.87%	30.54%	29.97%	29.59%	29.06%	28.39%
Short-Term Debt to Total Capital	6.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.41%	0.00%	29.21%	29.48%	30.87%	30.54%	29.97%	29.59%	29.06%	28.39%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.01%	100.00%	70.79%	70.52%	69.13%	69.46%	70.03%	70.41%	70.94%	71.61%
Debt to EBITDA	-3.25	0.00	-35.48	1,202.60	18.79	9.28	4.82	4.00	3.38	3.33
Net Debt to EBITDA	8.76	0.00	1.75	30.78	2.58	2.19	1.46	1.27	0.89	0.93
Long-Term Debt to EBITDA	-0.19	0.00	-35.48	1,202.60	18.79	9.28	4.82	4.00	3.38	3.33
Debt to NOPAT	-1.92	0.00	-9.71	-9.96	-12.63	-19.67	-902.68	29.00	12.53	11.15
Net Debt to NOPAT	5.19	0.00	0.48	-0.25	-1.73	-4.63	-274.23	9.24	3.31	3.10
Long-Term Debt to NOPAT	-0.11	0.00	-9.71	-9.96	-12.63	-19.67	-902.68	29.00	12.53	11.15
Altman Z-Score	10.93	16.55	4.70	4.48	4.24	5.44	7.25	7.91	8.42	8.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.93	2.92	9.21	6.29	5.52	4.79	4.97	4.50	4.72	4.42
Quick Ratio	2.36	2.12	7.82	5.30	4.69	3.96	3.98	3.55	3.81	3.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-306	-254	-246	-201	-180	-164	-167	-183	-124	-101
Operating Cash Flow to CapEx	12.02%	16.69%	-23.67%	30.38%	66.29%	47.74%	11.63%	87.77%	164.84%	86.45%
Free Cash Flow to Firm to Interest Expense	-168.52	-221.04	-77.52	-60.30	-43.40	-47.52	-54.56	-66.35	-42.40	-28.51
Operating Cash Flow to Interest Expense	4.80	9.11	-4.33	4.06	9.45	10.72	1.77	15.42	19.19	14.28
Operating Cash Flow Less CapEx to Interest Expense	-35.14	-45.45	-22.64	-9.30	-4.81	-11.74	-13.42	-2.15	7.55	-2.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.57	0.62	0.56	0.52	0.55	0.59	0.57	0.60	0.62	0.64
Accounts Receivable Turnover	13.56	12.89	11.37	11.72	13.98	13.42	13.95	14.58	15.54	15.58
Inventory Turnover	7.77	8.72	7.86	7.43	8.03	8.49	7.74	7.97	8.63	8.04
Fixed Asset Turnover	0.92	0.86	0.85	0.87	0.87	0.00	0.90	0.00	0.00	0.00
Accounts Payable Turnover	14.59	8.38	8.47	13.01	12.71	11.32	14.66	16.62	14.90	15.39
Days Sales Outstanding (DSO)	26.92	28.31	32.11	31.14	26.12	27.21	26.16	25.03	23.49	23.43
Days Inventory Outstanding (DIO)	46.98	41.85	46.44	49.13	45.46	42.98	47.14	45.78	42.29	45.38
Days Payable Outstanding (DPO)	25.02	43.56	43.08	28.05	28.72	32.25	24.90	21.96	24.50	23.71
Cash Conversion Cycle (CCC)	48.88	26.60	35.48	52.22	42.86	37.94	48.41	48.86	41.28	45.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	821	873	930	948	996	1,052	1,105	1,129	1,132	1,172
Invested Capital Turnover	0.81	0.80	0.77	0.78	0.79	0.80	0.81	0.84	0.87	0.88
Increase / (Decrease) in Invested Capital	295	252	231	189	175	179	175	181	136	120
Enterprise Value (EV)	2,186	2,376	3,161	3,177	3,233	4,284	5,716	6,400	6,741	7,305
Market Capitalization	2,395	2,534	3,180	3,167	3,175	4,185	5,589	6,266	6,631	7,189
Book Value per Share	$21.54	$21.48	$19.75	$19.49	$19.47	$19.76	$20.24	$20.56	$21.07	$21.74
Tangible Book Value per Share	$21.54	$21.48	$19.75	$19.49	$19.47	$19.76	$20.24	$20.56	$21.07	$21.74
Total Capital	1,107	1,032	1,340	1,330	1,358	1,373	1,396	1,414	1,440	1,474
Total Debt	77	0.00	392	392	419	419	418	418	418	418
Total Long-Term Debt	4.59	0.00	392	392	419	419	418	418	418	418
Net Debt	-209	-158	-19	10	58	99	127	133	110	116
Capital Expenditures (CapEx)	73	63	58	44	59	77	46	48	34	58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	65	40	71	51	41	41	67	64	57	69
Debt-free Net Working Capital (DFNWC)	325	172	457	410	379	338	325	315	332	338
Net Working Capital (NWC)	253	172	457	410	379	338	325	315	332	338
Net Nonoperating Expense (NNE)	7.32	1.47	9.73	5.23	2.21	-0.40	-10	0.47	-0.04	0.80
Net Nonoperating Obligations (NNO)	-209	-158	-19	10	58	99	127	133	110	116
Total Depreciation and Amortization (D&A)	8.73	10	17	14	18	14	16	18	19	22
Debt-free, Cash-free Net Working Capital to Revenue	11.95%	6.65%	11.25%	7.67%	5.65%	5.38%	8.15%	7.26%	6.19%	7.13%
Debt-free Net Working Capital to Revenue	59.66%	28.95%	72.52%	61.33%	52.78%	44.09%	39.48%	36.02%	35.79%	34.67%
Net Working Capital to Revenue	46.30%	28.95%	72.52%	61.33%	52.78%	44.09%	39.48%	36.02%	35.79%	34.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.39)	($0.05)	($0.52)	($0.35)	($0.15)	$0.32	$0.38	($0.03)	$0.25	$0.37
Adjusted Weighted Average Basic Shares Outstanding	47.86M	46.19M	48.05M	48.13M	48.19M	48.16M	48.32M	48.46M	48.51M	48.49M
Adjusted Diluted Earnings per Share	($0.39)	($0.05)	($0.52)	($0.35)	($0.15)	$0.32	$0.37	($0.03)	$0.24	$0.35
Adjusted Weighted Average Diluted Shares Outstanding	47.86M	46.19M	48.05M	48.13M	48.19M	48.16M	50.05M	48.46M	50.28M	50.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.02M	48.05M	48.12M	48.20M	48.24M	48.29M	48.43M	48.48M	48.54M	48.72M
Normalized Net Operating Profit after Tax (NOPAT)	-11	-1.45	-15	-12	-4.95	10	8.44	-1.23	12	19
Normalized NOPAT Margin	-7.36%	-0.87%	-8.99%	-6.40%	-2.47%	4.84%	3.77%	-0.52%	4.68%	7.20%
Pre Tax Income Margin	-11.54%	-1.20%	-14.17%	-8.71%	-3.54%	7.10%	8.33%	-0.70%	4.72%	7.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-8.61	-0.74	-6.49	-3.80	-0.71	5.43	7.10	0.40	5.09	3.45
NOPAT to Interest Expense	-6.13	-1.26	-4.75	-3.52	-1.19	4.32	2.76	-0.45	4.06	5.36
EBIT Less CapEx to Interest Expense	-48.55	-55.30	-24.79	-17.16	-14.97	-17.02	-8.09	-17.16	-6.56	-13.07
NOPAT Less CapEx to Interest Expense	-46.06	-55.82	-23.05	-16.88	-15.45	-18.14	-12.43	-18.01	-7.59	-11.15
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Freshpet's Financials

When does Freshpet's financial year end?

According to the most recent income statement we have on file, Freshpet's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Freshpet's net income changed over the last 9 years?

Freshpet's net income appears to be on an upward trend, with a most recent value of $46.93 million in 2024, falling from -$3.71 million in 2015. The previous period was -$33.61 million in 2023. Find out what analysts predict for Freshpet in the coming months.

What is Freshpet's operating income?

Freshpet's total operating income in 2024 was $38.00 million, based on the following breakdown:

Total Gross Profit: $395.96 million
Total Operating Expenses: $357.96 million

How has Freshpet revenue changed over the last 9 years?

Over the last 9 years, Freshpet's total revenue changed from $116.19 million in 2015 to $975.18 million in 2024, a change of 739.3%.

How much debt does Freshpet have?

Freshpet's total liabilities were at $519.52 million at the end of 2024, a 1.7% increase from 2023, and a 5,579.3% increase since 2015.

How much cash does Freshpet have?

In the past 9 years, Freshpet's cash and equivalents has ranged from $2.18 million in 2017 to $296.87 million in 2023, and is currently $268.63 million as of their latest financial filing in 2024.

How has Freshpet's book value per share changed over the last 9 years?

Over the last 9 years, Freshpet's book value per share changed from 3.10 in 2015 to 21.74 in 2024, a change of 601.0%.

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This page (NASDAQ:FRPT) was last updated on 5/7/2025 by MarketBeat.com Staff

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Freshpet (FRPT) Financials

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Freshpet (FRPT) Financials

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