Freshpet (FRPT) Financials

$83.02 -1.48 (-1.75%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$81.17 -1.85 (-2.23%)

As of 07:33 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	47	-36	-58	-30	-3.19	-1.43	-11	-4.19	-3.16	-3.71
Consolidated Net Income / (Loss)	47	-34	-59	-30	-3.19	-1.38	-5.36	-4.26	-3.16	-3.71
Net Income / (Loss) Continuing Operations	47	-34	-59	-30	-3.19	-1.38	-5.36	-4.26	-3.16	-3.71
Total Pre-Tax Income	48	-32	-55	-28	-3.12	-1.24	-5.28	-4.19	-3.09	-3.65
Total Operating Income	38	-30	-52	-25	-2.00	-0.25	-4.89	-2.75	-2.21	-3.65
Total Gross Profit	396	251	186	162	133	114	90	72	60	55
Total Revenue	975	767	595	425	319	246	193	152	130	116
Operating Revenue	975	767	595	425	319	246	193	152	130	116
Total Cost of Revenue	579	516	409	263	186	132	103	80	69	62
Operating Cost of Revenue	579	516	409	263	186	132	103	80	69	62
Total Operating Expenses	358	281	238	187	135	114	95	75	63	58
Selling, General & Admin Expense	358	281	238	187	135	114	95	75	63	58
Total Other Income / (Expense), net	9.52	-1.07	-3.50	-2.87	-1.13	-0.99	-0.40	-1.44	-0.88	-0.01
Interest Expense	12	14	5.21	2.88	1.21	0.99	0.30	0.91	0.70	0.45
Interest & Investment Income	9.92	-	-	-	-	-	-	-	-	-
Other Income / (Expense), net	12	13	1.71	0.01	0.09	0.01	-0.10	-0.53	-0.18	0.45
Income Tax Expense	0.60	0.21	0.28	0.16	0.07	0.14	0.08	0.08	0.07	0.06
Basic Earnings per Share	$0.97	($0.70)	($1.29)	($0.69)	($0.08)	($0.04)	($0.15)	($0.12)	($0.09)	($0.11)
Weighted Average Basic Shares Outstanding	48.49M	48.16M	46.19M	42.93M	39.76M	35.95M	35.33M	34.49M	33.67M	33.50M
Diluted Earnings per Share	$0.93	($0.70)	($1.29)	($0.69)	($0.08)	($0.04)	($0.15)	($0.12)	($0.09)	($0.11)
Weighted Average Diluted Shares Outstanding	50.26M	48.16M	46.19M	42.93M	39.76M	35.95M	35.33M	34.49M	33.67M	33.50M
Weighted Average Basic & Diluted Shares Outstanding	48.72M	48.29M	48.05M	43.45M	40.72M	36.17M	36.50M	34.90M	35.10M	33.70M

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-13	18	12	-1.69	19	14	-7.46	-17	-25	-2.59	-19
Consolidated Net Income / (Loss)	-13	18	12	-1.69	19	15	-7.17	-17	-25	-2.92	-18
Net Income / (Loss) Continuing Operations	-13	18	12	-1.69	19	15	-7.17	-17	-25	-2.92	-18
Total Pre-Tax Income	-13	19	12	-1.64	19	15	-7.10	-16	-24	-2.00	-17
Total Operating Income	-11	19	12	-1.75	8.46	15	-7.08	-17	-22	-2.07	-16
Total Gross Profit	104	112	102	94	88	75	66	59	51	46	45
Total Revenue	263	263	253	235	224	215	201	183	168	166	151
Operating Revenue	263	263	253	235	224	215	201	183	168	166	151
Total Cost of Revenue	159	151	151	141	136	141	134	124	117	120	107
Operating Cost of Revenue	159	151	151	141	136	141	134	124	117	120	107
Total Operating Expenses	115	92	90	96	80	60	73	76	72	48	60
Selling, General & Admin Expense	115	92	90	96	80	60	73	76	72	48	60
Total Other Income / (Expense), net	-1.07	-0.82	0.04	0.11	10	0.40	-0.02	0.78	-2.23	0.07	-1.56
Interest Expense	3.46	3.53	2.92	2.75	3.06	3.45	4.15	3.33	3.17	1.15	1.82
Interest & Investment Income	0.00	-	0.00	-	-	-	0.00	-	-	-	-
Other Income / (Expense), net	2.39	-7.21	2.96	2.86	13	3.85	4.13	4.11	0.95	1.22	0.26
Income Tax Expense	0.13	0.44	0.05	0.05	0.05	-	0.07	0.07	0.07	0.16	0.04
Basic Earnings per Share	($0.26)	$0.37	$0.25	($0.03)	$0.38	$0.32	($0.15)	($0.35)	($0.52)	($0.05)	($0.39)
Weighted Average Basic Shares Outstanding	48.73M	48.49M	48.51M	48.46M	48.32M	48.16M	48.19M	48.13M	48.05M	46.19M	47.86M
Diluted Earnings per Share	($0.26)	$0.35	$0.24	($0.03)	$0.37	$0.32	($0.15)	($0.35)	($0.52)	($0.05)	($0.39)
Weighted Average Diluted Shares Outstanding	48.73M	50.26M	50.28M	48.46M	50.05M	48.16M	48.19M	48.13M	48.05M	46.19M	47.86M
Weighted Average Basic & Diluted Shares Outstanding	48.78M	48.72M	48.54M	48.48M	48.43M	48.29M	48.24M	48.20M	48.12M	48.05M	48.02M

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-25	-5.96	23	-6.20	-39	-41	94	-93	204	-108	-67
Net Cash From Operating Activities	4.81	50	56	42	5.41	37	39	14	-14	10	8.72
Net Cash From Continuing Operating Activities	4.81	50	56	42	5.41	37	39	14	-14	10	8.72
Net Income / (Loss) Continuing Operations	-13	18	12	-1.69	19	15	-7.17	-17	-25	-2.92	-18
Consolidated Net Income / (Loss)	-13	18	12	-1.69	19	15	-7.17	-17	-25	-2.92	-18
Depreciation Expense	22	21	19	17	16	13	17	14	14	10	8.53
Amortization Expense	0.54	0.53	0.52	0.52	0.51	0.51	1.51	-0.44	2.48	0.20	0.20
Non-Cash Adjustments To Reconcile Net Income	21	14	13	20	-2.86	3.59	8.30	9.37	9.63	6.64	8.86
Changes in Operating Assets and Liabilities, net	-26	-3.92	12	6.54	-27	4.50	20	7.10	-16	-3.60	9.58
Net Cash From Investing Activities	-26	-58	-34	-48	-46	-77	54	-109	-107	-43	-73
Net Cash From Continuing Investing Activities	-26	-58	-34	-48	-46	-77	54	-109	-107	-43	-73
Purchase of Property, Plant & Equipment	-26	-58	-34	-48	-46	-77	-59	-44	-58	-63	-73
Net Cash From Financing Activities	-3.22	1.93	0.83	-0.29	2.09	-0.76	0.55	1.98	326	-75	-3.19
Net Cash From Continuing Financing Activities	-3.22	1.93	0.83	-0.29	2.09	-0.76	0.55	1.98	326	-75	-3.19
Other Financing Activities, net	-3.22	1.93	0.83	-0.29	2.09	-0.76	0.55	1.98	-66	-0.02	-0.07
Cash Interest Paid	5.95	-3.61	6.60	0.57	6.59	0.61	7.47	0.00	1.22	-	1.89

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	1,575	1,464	1,125	784	434	236	140	134	126	113
Total Current Assets	437	427	262	150	109	54	31	27	19	25
Cash & Equivalents	269	297	133	73	67	9.47	7.55	2.18	3.91	8.03
Accounts Receivable	68	57	58	35	18	19	12	13	8.89	7.03
Inventories, net	81	63	58	36	19	13	9.32	10	5.40	6.85
Prepaid Expenses	16	7.62	9.78	5.83	3.38	3.28	1.08	1.20	0.74	0.23
Other Current Assets	3.13	2.84	3.59	1.35	0.91	10	0.68	0.73	0.30	-
Plant, Property, & Equipment, net	0.00	0.00	801	584	281	165	102	101	101	83
Total Noncurrent Assets	1,138	1,037	63	50	44	17	6.91	6.34	5.71	4.91
Long-Term Investments	33	24	25	26	28	0.00	-	-	-	-
Other Noncurrent Operating Assets	1,104	1,014	37	24	16	17	6.91	6.34	5.71	4.91
Total Liabilities & Shareholders' Equity	1,575	1,464	1,125	784	434	236	140	134	126	113
Total Liabilities	520	511	94	65	40	105	18	17	19	9.15
Total Current Liabilities	99	89	90	59	33	42	18	17	19	9.15
Accounts Payable	39	36	55	43	16	19	9.17	9.17	6.88	6.67
Accrued Expenses	56	50	33	15	15	22	9.05	7.52	4.78	2.48
Other Current Liabilities	3.44	3.31	1.51	1.38	1.30	1.19	-	-	-	-
Total Noncurrent Liabilities	421	422	4.20	5.71	7.10	63	0.27	0.30	0.00	0.00
Long-Term Debt	395	393	0.00	-	-	54	-	-	-	-
Capital Lease Obligations	23	26	0.00	-	-	-	-	-	-	-
Other Noncurrent Operating Liabilities	2.21	2.59	4.20	5.71	7.10	8.41	0.27	0.30	-	-
Commitments & Contingencies	0.00	0.00	0.00	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	1,055	953	1,032	720	394	131	121	117	108	104
Total Preferred & Common Equity	1,055	953	1,032	720	394	131	121	117	108	104
Total Common Equity	1,055	953	1,032	720	394	131	121	117	108	104
Common Stock	1,338	1,283	1,326	956	600	334	323	313	300	293
Retained Earnings	-282	-329	-295	-236	-206	-203	-201	-196	-192	-189
Accumulated Other Comprehensive Income / (Loss)	-0.79	-0.59	1.37	-0.12	-0.08	-0.08	-0.03	0.08	-	-
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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,559	1,532	1,506	1,481	1,444	1,410	1,400	1,165
Total Current Assets	405	421	405	407	462	487	513	383
Cash & Equivalents	244	275	252	258	338	244	337	240
Accounts Receivable	63	65	68	69	54	52	50	48
Inventories, net	82	73	73	72	59	65	66	64
Prepaid Expenses	14	5.77	8.57	5.76	8.81	8.18	7.75	8.40
Other Current Assets	3.07	3.13	3.55	2.94	1.99	3.32	3.09	2.31
Plant, Property, & Equipment, net	1,082	0.00	0.00	1,006	925	865	826	719
Total Noncurrent Assets	71	1,110	1,101	68	57	58	61	63
Long-Term Investments	33	33	33	33	24	24	24	26
Other Noncurrent Operating Assets	38	1,077	1,068	34	34	34	36	36
Total Liabilities & Shareholders' Equity	1,559	1,532	1,506	1,481	1,444	1,410	1,400	1,165
Total Liabilities	510	510	511	503	506	473	451	136
Total Current Liabilities	83	89	90	82	84	77	56	131
Accounts Payable	43	35	34	47	41	32	26	37
Accrued Expenses	36	50	53	32	39	43	28	20
Other Current Liabilities	3.52	3.37	3.07	3.16	3.49	1.58	1.54	1.48
Total Noncurrent Liabilities	427	421	421	421	422	395	395	4.59
Long-Term Debt	396	395	394	394	393	392	392	-
Other Noncurrent Operating Liabilities	31	2.56	2.06	2.33	2.85	3.10	3.80	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Total Equity & Noncontrolling Interests	1,049	1,021	996	978	939	938	949	1,030
Total Preferred & Common Equity	1,049	1,021	996	978	939	938	949	1,030
Total Common Equity	1,049	1,021	996	978	939	938	949	1,030
Common Stock	1,345	1,322	1,309	1,289	1,284	1,276	1,268	1,321
Retained Earnings	-295	-300	-312	-310	-344	-337	-320	-292
Accumulated Other Comprehensive Income / (Loss)	-0.58	-0.18	-0.79	-0.71	-0.96	-0.66	1.38	1.05
Other Equity Adjustments	-0.26	-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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	27.16%	28.82%	39.92%	33.47%	29.66%	27.23%	26.83%	17.46%	11.64%	33.91%
EBITDA Growth	178.06%	402.62%	-312.28%	-64.93%	26.21%	72.76%	-6.58%	28.81%	69.05%	117.83%
EBIT Growth	386.31%	65.36%	-103.95%	-1,189.90%	-670.56%	95.03%	-52.23%	-36.71%	25.07%	90.21%
NOPAT Growth	276.05%	41.43%	-110.77%	-1,134.38%	-689.72%	94.82%	-77.59%	-24.21%	39.28%	40.01%
Net Income Growth	239.60%	43.50%	-100.32%	-831.59%	-130.51%	74.20%	-25.78%	-34.86%	14.83%	90.06%
EPS Growth	232.86%	45.74%	-86.96%	-762.50%	-100.00%	73.33%	-25.00%	-33.33%	18.18%	98.86%
Operating Cash Flow Growth	103.17%	275.68%	-6,781.14%	-96.95%	29.88%	-12.16%	80.86%	-19.76%	89.94%	183.96%
Free Cash Flow Firm Growth	59.03%	30.69%	14.93%	-173.30%	-98.62%	-2,284.68%	54.57%	70.79%	29.68%	-1.82%
Invested Capital Growth	11.36%	20.47%	40.62%	107.71%	69.65%	54.72%	-0.70%	3.47%	19.64%	38.04%
Revenue Q/Q Growth	5.10%	6.91%	9.16%	7.95%	6.26%	6.09%	6.51%	6.36%	0.40%	5.15%
EBITDA Q/Q Growth	1.40%	102.42%	37.43%	-27.04%	-23.50%	31.78%	6.66%	5.18%	-7.50%	126.85%
EBIT Q/Q Growth	-11.64%	52.93%	11.87%	-22.54%	-130.83%	92.83%	3.94%	4.24%	-174.34%	87.15%
NOPAT Q/Q Growth	12.36%	35.78%	9.68%	-22.54%	-124.14%	92.19%	5.28%	2.35%	-146.86%	35.19%
Net Income Q/Q Growth	6.42%	35.13%	9.64%	-25.15%	-167.23%	67.52%	4.33%	6.20%	-95.85%	83.82%
EPS Q/Q Growth	3.33%	34.58%	11.03%	-25.45%	-161.54%	69.23%	-7.14%	14.29%	-125.00%	98.50%
Operating Cash Flow Q/Q Growth	9.51%	53.66%	13.02%	-86.51%	-18.15%	20.60%	35.86%	-3.20%	40.83%	1,476.58%
Free Cash Flow Firm Q/Q Growth	19.92%	3.91%	13.92%	-26.87%	-17.05%	-33.04%	43.46%	9.41%	27.89%	0.00%
Invested Capital Q/Q Growth	3.52%	5.64%	6.38%	18.09%	9.71%	9.70%	-1.75%	-0.18%	0.31%	10.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.60%	32.71%	31.25%	38.11%	41.69%	46.45%	46.57%	47.53%	46.54%	47.04%
EBITDA Margin	12.88%	5.89%	-2.51%	1.65%	6.29%	6.46%	4.76%	6.46%	5.89%	3.89%
Operating Margin	3.90%	-3.97%	-8.73%	-5.80%	-0.63%	-0.10%	-2.53%	-1.81%	-1.71%	-3.14%
EBIT Margin	5.11%	-2.27%	-8.44%	-5.79%	-0.60%	-0.10%	-2.58%	-2.15%	-1.85%	-2.75%
Profit (Net Income) Margin	4.81%	-4.38%	-9.99%	-6.98%	-1.00%	-0.56%	-2.77%	-2.80%	-2.44%	-3.19%
Tax Burden Percent	98.74%	106.66%	107.23%	107.87%	102.08%	111.62%	101.46%	101.80%	102.12%	101.57%
Interest Burden Percent	95.30%	180.94%	110.36%	111.69%	163.42%	499.60%	105.93%	127.79%	129.13%	114.21%
Effective Tax Rate	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	3.37%	-2.21%	-4.87%	-3.75%	-0.59%	-0.12%	-2.99%	-1.71%	-1.52%	-3.20%
ROIC Less NNEP Spread (ROIC-NNEP)	12.12%	39.21%	13.13%	9.08%	6.55%	-6.56%	36.87%	-516.59%	37.81%	1.67%
Return on Net Nonoperating Assets (RNNOA)	1.30%	-1.17%	-1.92%	-1.58%	-0.62%	-0.97%	-1.51%	-2.09%	-1.46%	-0.38%
Return on Equity (ROE)	4.67%	-3.39%	-6.79%	-5.33%	-1.21%	-1.09%	-4.50%	-3.79%	-2.99%	-3.58%
Cash Return on Invested Capital (CROIC)	-7.37%	-20.78%	-38.63%	-73.76%	-52.25%	-43.09%	-2.29%	-5.12%	-19.41%	-35.16%
Operating Return on Assets (OROA)	3.28%	-1.35%	-5.26%	-4.05%	-0.57%	-0.13%	-3.64%	-2.52%	-2.00%	-2.84%
Return on Assets (ROA)	3.09%	-2.60%	-6.23%	-4.87%	-0.95%	-0.74%	-3.92%	-3.27%	-2.64%	-3.29%
Return on Common Equity (ROCE)	4.67%	-3.39%	-6.79%	-5.33%	-1.21%	-1.09%	-4.50%	-3.79%	-2.99%	-3.58%
Return on Equity Simple (ROE_SIMPLE)	4.45%	-3.53%	-5.77%	-4.13%	-0.81%	-1.05%	-4.41%	-3.65%	-2.93%	-3.57%
Net Operating Profit after Tax (NOPAT)	38	-21	-36	-17	-1.40	-0.18	-3.42	-1.93	-1.55	-2.55
NOPAT Margin	3.85%	-2.78%	-6.11%	-4.06%	-0.44%	-0.07%	-1.77%	-1.26%	-1.20%	-2.20%
Net Nonoperating Expense Percent (NNEP)	-8.74%	-41.42%	-18.00%	-12.83%	-7.14%	6.44%	-39.86%	514.89%	-39.33%	-4.87%
Return On Investment Capital (ROIC_SIMPLE)	2.55%	-1.55%	-3.53%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	59.40%	67.29%	68.75%	61.89%	58.31%	53.55%	53.43%	52.47%	53.46%	52.96%
SG&A Expenses to Revenue	36.71%	36.68%	39.98%	43.90%	42.32%	46.55%	49.10%	49.34%	48.25%	50.18%
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	36.71%	36.68%	39.98%	43.90%	42.32%	46.55%	49.10%	49.34%	48.25%	50.18%
Earnings before Interest and Taxes (EBIT)	50	-17	-50	-25	-1.91	-0.25	-4.99	-3.28	-2.40	-3.20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	126	45	-15	7.03	20	16	9.20	9.84	7.64	4.52
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.81	4.39	2.46	5.74	14.64	16.25	9.41	5.65	3.19	2.74
Price to Tangible Book Value (P/TBV)	6.81	4.39	2.46	5.74	14.64	16.25	9.41	5.65	3.19	2.74
Price to Revenue (P/Rev)	7.37	5.46	4.26	9.72	18.10	8.67	5.91	4.34	2.65	2.45
Price to Earnings (P/E)	153.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.23	4.07	2.72	6.50	18.98	12.35	9.97	5.74	3.13	2.95
Enterprise Value to Revenue (EV/Rev)	7.49	5.59	3.99	9.48	17.80	8.86	5.88	4.32	2.67	2.35
Enterprise Value to EBITDA (EV/EBITDA)	58.18	94.87	0.00	573.99	283.09	137.08	123.47	66.90	45.36	60.46
Enterprise Value to EBIT (EV/EBIT)	146.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	194.70	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	47.35	56.42	0.00	6,236.73	267.79	133.45	61.12	64.11	27.08	40.55
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	0.40	0.44	0.00	0.00	0.00	0.41	0.00	0.00	0.06	0.00
Long-Term Debt to Equity	0.40	0.44	0.00	0.00	0.00	0.41	0.00	0.00	0.00	0.00
Financial Leverage	0.11	-0.03	-0.15	-0.17	-0.10	0.15	-0.04	0.00	-0.04	-0.23
Leverage Ratio	1.51	1.30	1.09	1.09	1.28	1.49	1.15	1.16	1.13	1.09
Compound Leverage Factor	1.44	2.36	1.20	1.22	2.09	7.43	1.22	1.48	1.46	1.24
Debt to Total Capital	28.39%	30.54%	0.00%	0.00%	0.00%	29.33%	0.00%	0.00%	6.10%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.10%	0.00%
Long-Term Debt to Total Capital	28.39%	30.54%	0.00%	0.00%	0.00%	29.33%	0.00%	0.00%	0.00%	0.00%
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	71.61%	69.46%	100.00%	100.00%	100.00%	70.67%	100.00%	100.00%	93.90%	100.00%
Debt to EBITDA	3.33	9.28	0.00	0.00	0.00	3.43	0.00	0.00	0.92	0.00
Net Debt to EBITDA	0.93	2.19	0.00	0.00	0.00	2.83	0.00	0.00	0.40	0.00
Long-Term Debt to EBITDA	3.33	9.28	0.00	0.00	0.00	3.43	0.00	0.00	0.00	0.00
Debt to NOPAT	11.15	-19.67	0.00	0.00	0.00	-307.54	0.00	0.00	-4.51	0.00
Net Debt to NOPAT	3.10	-4.63	0.00	0.00	0.00	-254.06	0.00	0.00	-1.99	0.00
Long-Term Debt to NOPAT	11.15	-19.67	0.00	0.00	0.00	-307.54	0.00	0.00	0.00	0.00
Altman Z-Score	9.03	5.36	16.40	38.52	86.35	12.10	36.44	22.42	9.89	17.43
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	4.42	4.79	2.92	2.55	3.29	1.29	1.70	1.62	1.03	2.78
Quick Ratio	3.41	3.96	2.12	1.82	2.59	0.67	1.09	0.89	0.69	2.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-82	-200	-289	-339	-124	-63	-2.62	-5.77	-20	-28
Operating Cash Flow to CapEx	82.47%	31.76%	-18.79%	0.20%	15.75%	23.10%	114.14%	78.98%	42.75%	21.05%
Free Cash Flow to Firm to Interest Expense	-6.69	-14.19	-55.43	-117.75	-102.45	-63.08	-8.86	-6.34	-28.30	-61.80
Operating Cash Flow to Interest Expense	12.58	5.39	-8.30	0.22	17.49	16.47	62.75	11.28	18.33	14.82
Operating Cash Flow Less CapEx to Interest Expense	-2.68	-11.57	-52.48	-111.54	-93.54	-54.81	7.77	-3.00	-24.55	-55.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.59	0.62	0.70	0.95	1.31	1.41	1.17	1.08	1.03
Accounts Receivable Turnover	15.58	13.42	12.89	15.99	17.22	15.91	15.43	14.10	16.30	18.75
Inventory Turnover	8.04	8.49	8.72	9.63	11.74	12.05	10.62	10.30	11.31	8.69
Fixed Asset Turnover	0.00	0.00	0.86	0.98	1.43	1.84	1.91	1.51	1.41	1.65
Accounts Payable Turnover	15.39	11.32	8.38	8.92	10.59	9.46	11.26	9.96	10.23	10.18
Days Sales Outstanding (DSO)	23.43	27.21	28.31	22.83	21.19	22.94	23.66	25.88	22.40	19.46
Days Inventory Outstanding (DIO)	45.38	42.98	41.85	37.90	31.09	30.30	34.35	35.43	32.26	42.02
Days Payable Outstanding (DPO)	23.71	32.25	43.56	40.93	34.48	38.58	32.42	36.66	35.67	35.86
Cash Conversion Cycle (CCC)	45.09	37.94	26.60	19.80	17.80	14.66	25.59	24.66	18.98	25.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,172	1,052	873	621	299	176	114	115	111	93
Invested Capital Turnover	0.88	0.80	0.80	0.92	1.34	1.69	1.69	1.35	1.27	1.45
Increase / (Decrease) in Invested Capital	120	179	252	322	123	62	-0.80	3.84	18	26
Enterprise Value (EV)	7,305	4,284	2,376	4,035	5,675	2,178	1,135	658	347	273
Market Capitalization	7,189	4,185	2,534	4,134	5,770	2,133	1,143	661	344	285
Book Value per Share	$21.74	$19.76	$21.48	$16.59	$9.70	$3.64	$3.42	$3.35	$3.18	$3.10
Tangible Book Value per Share	$21.74	$19.76	$21.48	$16.59	$9.70	$3.64	$3.42	$3.35	$3.18	$3.10
Total Capital	1,474	1,373	1,032	720	394	186	121	117	115	104
Total Debt	418	419	0.00	0.00	0.00	54	0.00	0.00	7.00	0.00
Total Long-Term Debt	418	419	0.00	0.00	0.00	54	0.00	0.00	0.00	0.00
Net Debt	116	99	-158	-99	-95	45	-7.55	-2.18	3.09	-11
Capital Expenditures (CapEx)	187	239	230	322	135	71	16	13	30	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	69	41	40	19	8.73	2.87	5.19	8.08	3.67	4.97
Debt-free Net Working Capital (DFNWC)	338	338	172	91	76	12	13	10	7.57	16
Net Working Capital (NWC)	338	338	172	91	76	12	13	10	0.57	16
Net Nonoperating Expense (NNE)	-9.40	12	23	12	1.79	1.21	1.94	2.34	1.61	1.16
Net Nonoperating Obligations (NNO)	116	99	-158	-99	-95	45	-7.55	-2.18	3.09	-11
Total Depreciation and Amortization (D&A)	76	63	35	32	22	16	14	13	10	7.72
Debt-free, Cash-free Net Working Capital to Revenue	7.13%	5.38%	6.65%	4.37%	2.74%	1.17%	2.68%	5.30%	2.83%	4.27%
Debt-free Net Working Capital to Revenue	34.67%	44.09%	28.95%	21.48%	23.83%	5.02%	6.59%	6.74%	5.84%	13.98%
Net Working Capital to Revenue	34.67%	44.09%	28.95%	21.48%	23.83%	5.02%	6.59%	6.74%	0.44%	13.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.97	($0.70)	($1.29)	($0.69)	($0.08)	($0.04)	($0.15)	($0.12)	($0.09)	($0.11)
Adjusted Weighted Average Basic Shares Outstanding	48.49M	48.16M	46.19M	42.93M	39.76M	35.95M	35.33M	34.49M	33.67M	33.50M
Adjusted Diluted Earnings per Share	$0.93	($0.70)	($1.29)	($0.69)	($0.08)	($0.04)	($0.15)	($0.12)	($0.09)	($0.11)
Adjusted Weighted Average Diluted Shares Outstanding	50.26M	48.16M	46.19M	42.93M	39.76M	35.95M	35.33M	34.49M	33.67M	33.50M
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	48.72M	48.29M	48.05M	43.45M	40.72M	36.17M	35.64M	35.14M	33.98M	33.54M
Normalized Net Operating Profit after Tax (NOPAT)	38	-21	-36	-17	-1.40	-0.18	-3.42	-1.93	-1.55	-2.55
Normalized NOPAT Margin	3.85%	-2.78%	-6.11%	-4.06%	-0.44%	-0.07%	-1.77%	-1.26%	-1.20%	-2.20%
Pre Tax Income Margin	4.87%	-4.11%	-9.32%	-6.47%	-0.98%	-0.50%	-2.73%	-2.75%	-2.39%	-3.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.07	-1.24	-9.65	-8.55	-1.58	-0.25	-16.85	-3.60	-3.43	-7.04
NOPAT to Interest Expense	3.06	-1.51	-6.99	-5.99	-1.15	-0.18	-11.55	-2.12	-2.22	-5.62
EBIT Less CapEx to Interest Expense	-11.19	-18.20	-53.83	-120.32	-112.61	-71.52	-71.83	-17.88	-46.32	-77.46
NOPAT Less CapEx to Interest Expense	-12.20	-18.47	-51.16	-117.75	-112.18	-71.45	-66.53	-16.40	-45.11	-76.04
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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.60%	21.95%	26.29%	28.32%	33.62%	29.90%	32.57%	25.56%	26.75%	43.12%	40.66%
EBITDA Growth	-53.01%	5.35%	127.77%	1,307.24%	1,160.70%	240.96%	317.87%	113.53%	51.94%	1,602.51%	-197.33%
EBIT Growth	-177.17%	-35.07%	604.48%	108.79%	205.60%	2,307.30%	81.16%	30.36%	-31.66%	88.86%	-1,767.30%
NOPAT Growth	-195.37%	27.03%	339.28%	89.55%	156.04%	1,129.94%	55.50%	7.63%	-35.48%	72.95%	-1,793.33%
Net Income Growth	-168.26%	18.52%	265.99%	90.01%	175.05%	624.17%	61.16%	17.65%	-41.30%	68.52%	-791.26%
EPS Growth	-170.27%	9.38%	260.00%	91.43%	171.15%	740.00%	61.54%	22.22%	-30.00%	76.19%	-680.00%
Operating Cash Flow Growth	-11.08%	36.24%	43.12%	213.96%	139.35%	253.70%	349.43%	148.92%	60.50%	162.51%	239.11%
Free Cash Flow Firm Growth	57.42%	38.63%	31.16%	9.07%	32.08%	35.41%	41.21%	44.13%	31.17%	22.50%	-20.56%
Invested Capital Growth	5.70%	11.36%	13.63%	19.13%	18.87%	20.47%	21.32%	24.91%	33.02%	40.62%	56.10%
Revenue Q/Q Growth	0.21%	3.69%	7.70%	5.09%	3.91%	7.38%	9.43%	9.44%	1.02%	9.58%	3.65%
EBITDA Q/Q Growth	-61.08%	-0.75%	80.12%	-50.03%	17.94%	114.58%	1,012.85%	137.66%	-137.91%	237.12%	30.90%
EBIT Q/Q Growth	-174.82%	-18.18%	1,238.61%	-94.88%	15.88%	735.69%	76.68%	38.52%	-2,322.26%	94.57%	13.81%
NOPAT Q/Q Growth	-142.53%	59.61%	1,067.77%	-114.52%	-43.35%	400.63%	57.75%	22.12%	-941.19%	87.01%	12.30%
Net Income Q/Q Growth	-170.06%	52.35%	802.18%	-109.11%	21.66%	313.37%	57.73%	31.61%	-749.71%	84.19%	10.38%
EPS Q/Q Growth	-174.29%	45.83%	900.00%	-108.11%	15.63%	313.33%	57.14%	32.69%	-940.00%	87.18%	13.33%
Operating Cash Flow Q/Q Growth	-90.46%	-10.22%	32.27%	684.55%	-85.38%	-5.68%	190.17%	198.32%	-231.45%	19.85%	131.58%
Free Cash Flow Firm Q/Q Growth	29.33%	18.83%	32.11%	-9.32%	-1.87%	8.95%	10.32%	18.35%	3.12%	17.13%	14.78%
Invested Capital Q/Q Growth	-0.32%	3.52%	0.24%	2.19%	5.01%	5.64%	5.09%	1.96%	6.43%	6.38%	8.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.43%	42.48%	40.36%	39.94%	39.38%	34.62%	33.04%	32.32%	30.30%	27.53%	29.44%
EBITDA Margin	5.04%	12.97%	13.55%	8.10%	17.03%	15.01%	7.51%	0.74%	-2.15%	5.72%	-4.57%
Operating Margin	-4.37%	7.38%	4.70%	-0.74%	3.78%	6.91%	-3.53%	-9.14%	-12.84%	-1.25%	-10.51%
EBIT Margin	-3.46%	4.63%	5.87%	0.47%	9.70%	8.70%	-1.47%	-6.90%	-12.28%	-0.51%	-10.34%
Profit (Net Income) Margin	-4.82%	6.90%	4.69%	-0.72%	8.31%	7.10%	-3.57%	-9.25%	-14.80%	-1.76%	-12.19%
Tax Burden Percent	101.07%	97.65%	99.55%	103.29%	99.71%	100.00%	100.99%	106.14%	104.42%	146.07%	105.63%
Interest Burden Percent	137.99%	152.51%	80.35%	-147.61%	85.91%	81.59%	240.71%	126.32%	115.42%	235.22%	111.61%
Effective Tax Rate	0.00%	2.35%	0.45%	0.00%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-2.73%	6.32%	4.08%	-0.44%	3.05%	5.51%	-1.95%	-5.01%	-6.96%	-0.69%	-5.96%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.51%	5.57%	4.13%	-1.09%	21.91%	4.18%	0.97%	-1.05%	61.07%	0.45%	-2.36%
Return on Net Nonoperating Assets (RNNOA)	-0.79%	0.60%	0.35%	-0.08%	1.23%	-0.13%	-0.07%	0.14%	-1.05%	-0.07%	0.55%
Return on Equity (ROE)	-3.52%	6.91%	4.43%	-0.52%	4.28%	5.38%	-2.02%	-4.87%	-8.02%	-0.76%	-5.41%
Cash Return on Invested Capital (CROIC)	-4.03%	-7.37%	-9.62%	-16.07%	-17.29%	-20.78%	-22.92%	-26.76%	-33.30%	-38.63%	-49.79%
Operating Return on Assets (OROA)	-2.31%	2.97%	3.66%	0.28%	5.54%	5.15%	-0.81%	-3.57%	-6.87%	-0.32%	-5.86%
Return on Assets (ROA)	-3.22%	4.43%	2.93%	-0.43%	4.75%	4.20%	-1.96%	-4.78%	-8.28%	-1.10%	-6.91%
Return on Common Equity (ROCE)	-3.52%	6.91%	4.43%	-0.52%	4.28%	5.38%	-2.02%	-4.87%	-8.02%	-0.76%	-5.41%
Return on Equity Simple (ROE_SIMPLE)	1.49%	0.00%	4.32%	2.51%	1.00%	0.00%	-5.52%	-6.73%	-7.03%	0.00%	-6.39%
Net Operating Profit after Tax (NOPAT)	-8.05	19	12	-1.23	8.44	15	-4.95	-12	-15	-1.45	-11
NOPAT Margin	-3.06%	7.20%	4.68%	-0.52%	3.77%	6.91%	-2.47%	-6.40%	-8.99%	-0.87%	-7.36%
Net Nonoperating Expense Percent (NNEP)	3.79%	0.74%	-0.05%	0.65%	-18.86%	1.33%	-2.92%	-3.96%	-68.03%	-1.15%	-3.60%
Return On Investment Capital (ROIC_SIMPLE)	-0.56%	1.28%	-	-	-	1.09%	-	-	-	-0.14%	-
Cost of Revenue to Revenue	60.57%	57.52%	59.64%	60.06%	60.62%	65.38%	66.96%	67.68%	69.70%	72.47%	70.56%
SG&A Expenses to Revenue	43.79%	35.10%	35.66%	40.68%	35.60%	27.70%	36.57%	41.45%	43.14%	28.78%	39.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.79%	35.10%	35.66%	40.68%	35.60%	27.70%	36.57%	41.45%	43.14%	28.78%	39.94%
Earnings before Interest and Taxes (EBIT)	-9.10	12	15	1.11	22	19	-2.95	-13	-21	-0.85	-16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	34	34	19	38	32	15	1.35	-3.60	9.48	-6.92
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.86	6.81	6.49	6.29	5.72	4.39	3.38	3.38	3.35	2.46	2.33
Price to Tangible Book Value (P/TBV)	3.86	6.81	6.49	6.29	5.72	4.39	3.38	3.38	3.35	2.46	2.33
Price to Revenue (P/Rev)	3.99	7.37	7.15	7.16	6.79	5.46	4.43	4.74	5.04	4.26	4.39
Price to Earnings (P/E)	259.31	153.20	154.12	271.69	715.94	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.39%	0.65%	0.65%	0.37%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.57	6.23	5.96	5.67	5.17	4.07	3.25	3.35	3.40	2.72	2.66
Enterprise Value to Revenue (EV/Rev)	4.11	7.49	7.27	7.31	6.94	5.59	4.51	4.76	5.01	3.99	4.01
Enterprise Value to EBITDA (EV/EBITDA)	37.70	58.18	54.44	61.19	65.79	94.87	144.90	9,744.99	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	143.98	146.49	119.45	165.72	229.91	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	241.22	194.70	201.87	443.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	27.14	47.35	47.85	51.62	60.12	56.42	65.41	167.70	0.00	0.00	0.00
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	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.40	0.41	0.42	0.43	0.44	0.45	0.42	0.41	0.00	0.08
Long-Term Debt to Equity	0.38	0.40	0.41	0.42	0.43	0.44	0.45	0.42	0.41	0.00	0.00
Financial Leverage	0.12	0.11	0.09	0.07	0.06	-0.03	-0.08	-0.13	-0.02	-0.15	-0.23
Leverage Ratio	1.50	1.51	1.52	1.51	1.50	1.30	1.33	1.31	1.36	1.09	1.10
Compound Leverage Factor	2.07	2.31	1.22	-2.23	1.28	1.06	3.19	1.66	1.57	2.57	1.22
Debt to Total Capital	27.38%	28.39%	29.06%	29.59%	29.97%	30.54%	30.87%	29.48%	29.21%	0.00%	6.99%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.58%
Long-Term Debt to Total Capital	27.38%	28.39%	29.06%	29.59%	29.97%	30.54%	30.87%	29.48%	29.21%	0.00%	0.41%
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%	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%	0.00%
Common Equity to Total Capital	72.62%	71.61%	70.94%	70.41%	70.03%	69.46%	69.13%	70.52%	70.79%	100.00%	93.01%
Debt to EBITDA	3.58	3.33	3.38	4.00	4.82	9.28	18.79	1,202.60	-35.48	0.00	-3.25
Net Debt to EBITDA	1.07	0.93	0.89	1.27	1.46	2.19	2.58	30.78	1.75	0.00	8.76
Long-Term Debt to EBITDA	3.58	3.33	3.38	4.00	4.82	9.28	18.79	1,202.60	-35.48	0.00	-0.19
Debt to NOPAT	22.89	11.15	12.53	29.00	-902.68	-19.67	-12.63	-9.96	-9.71	0.00	-1.92
Net Debt to NOPAT	6.86	3.10	3.31	9.24	-274.23	-4.63	-1.73	-0.25	0.48	0.00	5.19
Long-Term Debt to NOPAT	22.89	11.15	12.53	29.00	-902.68	-19.67	-12.63	-9.96	-9.71	0.00	-0.11
Altman Z-Score	5.39	8.95	8.42	7.91	7.25	5.44	4.24	4.48	4.70	16.55	10.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.91	4.42	4.72	4.50	4.97	4.79	5.52	6.29	9.21	2.92	2.93
Quick Ratio	3.71	3.41	3.81	3.55	3.98	3.96	4.69	5.30	7.82	2.12	2.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-71	-101	-124	-183	-167	-164	-180	-201	-246	-254	-306
Operating Cash Flow to CapEx	18.15%	86.45%	164.84%	87.77%	11.63%	47.74%	66.29%	30.38%	-23.67%	16.69%	12.02%
Free Cash Flow to Firm to Interest Expense	-20.55	-28.51	-42.40	-66.35	-54.56	-47.52	-43.40	-60.30	-77.52	-221.04	-168.52
Operating Cash Flow to Interest Expense	1.39	14.28	19.19	15.42	1.77	10.72	9.45	4.06	-4.33	9.11	4.80
Operating Cash Flow Less CapEx to Interest Expense	-6.27	-2.24	7.55	-2.15	-13.42	-11.74	-4.81	-9.30	-22.64	-45.45	-35.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.64	0.62	0.60	0.57	0.59	0.55	0.52	0.56	0.62	0.57
Accounts Receivable Turnover	15.47	15.58	15.54	14.58	13.95	13.42	13.98	11.72	11.37	12.89	13.56
Inventory Turnover	7.84	8.04	8.63	7.97	7.74	8.49	8.03	7.43	7.86	8.72	7.77
Fixed Asset Turnover	0.97	0.00	0.00	0.00	0.90	0.00	0.87	0.87	0.85	0.86	0.92
Accounts Payable Turnover	13.50	15.39	14.90	16.62	14.66	11.32	12.71	13.01	8.47	8.38	14.59
Days Sales Outstanding (DSO)	23.59	23.43	23.49	25.03	26.16	27.21	26.12	31.14	32.11	28.31	26.92
Days Inventory Outstanding (DIO)	46.57	45.38	42.29	45.78	47.14	42.98	45.46	49.13	46.44	41.85	46.98
Days Payable Outstanding (DPO)	27.04	23.71	24.50	21.96	24.90	32.25	28.72	28.05	43.08	43.56	25.02
Cash Conversion Cycle (CCC)	43.12	45.09	41.28	48.86	48.41	37.94	42.86	52.22	35.48	26.60	48.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,168	1,172	1,132	1,129	1,105	1,052	996	948	930	873	821
Invested Capital Turnover	0.89	0.88	0.87	0.84	0.81	0.80	0.79	0.78	0.77	0.80	0.81
Increase / (Decrease) in Invested Capital	63	120	136	181	175	179	175	189	231	252	295
Enterprise Value (EV)	4,170	7,305	6,741	6,400	5,716	4,284	3,233	3,177	3,161	2,376	2,186
Market Capitalization	4,052	7,189	6,631	6,266	5,589	4,185	3,175	3,167	3,180	2,534	2,395
Book Value per Share	$21.54	$21.74	$21.07	$20.56	$20.24	$19.76	$19.47	$19.49	$19.75	$21.48	$21.54
Tangible Book Value per Share	$21.54	$21.74	$21.07	$20.56	$20.24	$19.76	$19.47	$19.49	$19.75	$21.48	$21.54
Total Capital	1,445	1,474	1,440	1,414	1,396	1,373	1,358	1,330	1,340	1,032	1,107
Total Debt	396	418	418	418	418	419	419	392	392	0.00	77
Total Long-Term Debt	396	418	418	418	418	419	419	392	392	0.00	4.59
Net Debt	119	116	110	133	127	99	58	10	-19	-158	-209
Capital Expenditures (CapEx)	26	58	34	48	46	77	59	44	58	63	73
Debt-free, Cash-free Net Working Capital (DFCFNWC)	79	69	57	64	67	41	41	51	71	40	65
Debt-free Net Working Capital (DFNWC)	323	338	332	315	325	338	379	410	457	172	325
Net Working Capital (NWC)	323	338	332	315	325	338	379	410	457	172	253
Net Nonoperating Expense (NNE)	4.65	0.80	-0.04	0.47	-10	-0.40	2.21	5.23	9.73	1.47	7.32
Net Nonoperating Obligations (NNO)	119	116	110	133	127	99	58	10	-19	-158	-209
Total Depreciation and Amortization (D&A)	22	22	19	18	16	14	18	14	17	10	8.73
Debt-free, Cash-free Net Working Capital to Revenue	7.80%	7.13%	6.19%	7.26%	8.15%	5.38%	5.65%	7.67%	11.25%	6.65%	11.95%
Debt-free Net Working Capital to Revenue	31.82%	34.67%	35.79%	36.02%	39.48%	44.09%	52.78%	61.33%	72.52%	28.95%	59.66%
Net Working Capital to Revenue	31.82%	34.67%	35.79%	36.02%	39.48%	44.09%	52.78%	61.33%	72.52%	28.95%	46.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.26)	$0.37	$0.25	($0.03)	$0.38	$0.32	($0.15)	($0.35)	($0.52)	($0.05)	($0.39)
Adjusted Weighted Average Basic Shares Outstanding	48.73M	48.49M	48.51M	48.46M	48.32M	48.16M	48.19M	48.13M	48.05M	46.19M	47.86M
Adjusted Diluted Earnings per Share	($0.26)	$0.35	$0.24	($0.03)	$0.37	$0.32	($0.15)	($0.35)	($0.52)	($0.05)	($0.39)
Adjusted Weighted Average Diluted Shares Outstanding	48.73M	50.26M	50.28M	48.46M	50.05M	48.16M	48.19M	48.13M	48.05M	46.19M	47.86M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.78M	48.72M	48.54M	48.48M	48.43M	48.29M	48.24M	48.20M	48.12M	48.05M	48.02M
Normalized Net Operating Profit after Tax (NOPAT)	-8.05	19	12	-1.23	8.44	10	-4.95	-12	-15	-1.45	-11
Normalized NOPAT Margin	-3.06%	7.20%	4.68%	-0.52%	3.77%	4.84%	-2.47%	-6.40%	-8.99%	-0.87%	-7.36%
Pre Tax Income Margin	-4.77%	7.06%	4.72%	-0.70%	8.33%	7.10%	-3.54%	-8.71%	-14.17%	-1.20%	-11.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.63	3.45	5.09	0.40	7.10	5.43	-0.71	-3.80	-6.49	-0.74	-8.61
NOPAT to Interest Expense	-2.33	5.36	4.06	-0.45	2.76	4.32	-1.19	-3.52	-4.75	-1.26	-6.13
EBIT Less CapEx to Interest Expense	-10.29	-13.07	-6.56	-17.16	-8.09	-17.02	-14.97	-17.16	-24.79	-55.30	-48.55
NOPAT Less CapEx to Interest Expense	-9.99	-11.15	-7.59	-18.01	-12.43	-18.14	-15.45	-16.88	-23.05	-55.82	-46.06
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%	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%	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. See where experts think Freshpet is headed by visiting Freshpet's forecast page.

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 5/28/2025 by MarketBeat.com Staff

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Freshpet (FRPT) Financials

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Freshpet (FRPT) Financials

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