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Traeger (COOK) Financials

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$67.03 -2.07 (-3.00%)
As of 11:28 AM Eastern
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Annual Income Statements for Traeger

Annual Income Statements for Traeger

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -30 31 -92 -382 -84 -34 -115
Consolidated Net Income / (Loss)		 -30 31 -92 -382 -84 -34 -115
Net Income / (Loss) Continuing Operations		 -30 31 -92 -382 -84 -34 -115
Total Pre-Tax Income 		-29 32 -90 -381 -82 -36 -119
Total Operating Income		 10 58 -61 -346 -55 -2.94 -98
Total Gross Profit		 156 235 301 229 224 255 219
Total Revenue		 363 546 786 656 606 604 560
Operating Revenue		 363 546 786 656 606 604 560
Total Cost of Revenue		 208 311 485 427 382 349 340
Operating Cost of Revenue		 208 311 485 427 382 349 340
Total Operating Expenses		 145 176 362 575 279 258 317
Selling, General & Admin Expense		 45 50 159 167 130 113 95
Marketing Expense		 67 94 165 131 109 110 90
Depreciation Expense		 33 33 34 36 36 35 35
Impairment Charge		 - 0.00 0.00 222 0.00 0.00 75
Restructuring Charge		 - 0.00 0.00 9.32 0.23 0.00 22
Other Special Charges / (Income)		 0.00 0.00 3.80 10 4.70 0.00 0.00
Total Other Income / (Expense), net		 -40 -27 -29 -35 -27 -33 -22
Interest Expense		 39 34 32 28 31 34 31
Other Income / (Expense), net		 -0.46 7.53 2.70 -7.13 4.31 0.48 9.76
Income Tax Expense		 0.12 0.75 1.49 1.19 1.99 -1.96 -4.14
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 - - - - -0.13 -0.06 0.07
Basic Earnings per Share		 ($0.27) $0.29 ($0.82) ($3.19) ($0.68) ($0.27) ($0.87)
Weighted Average Basic Shares Outstanding		 108.72M 108.72M 112.37M 119.70M 123.73M 127.44M 133.10M
Diluted Earnings per Share		 ($0.27) $0.29 ($0.82) ($3.19) ($0.68) ($0.27) ($0.87)
Weighted Average Diluted Shares Outstanding		 108.72M 108.72M 112.37M 119.70M 123.73M 127.44M 133.10M
Weighted Average Basic & Diluted Shares Outstanding		 - - 118.08M 122.64M 127.94M 130.65M 137.25M

Quarterly Income Statements for Traeger

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -19 -24 -4.68 -2.58 -20 -6.96 -1.05 -7.38 -90 -17 2.92
Consolidated Net Income / (Loss)		 -19 -24 -4.68 -2.58 -20 -6.96 -0.78 -7.38 -90 -17 2.93
Net Income / (Loss) Continuing Operations		 -19 -24 -4.68 -2.58 -20 -6.96 -0.78 -7.38 -90 -17 2.93
Total Pre-Tax Income 		-18 -23 -4.49 -2.60 -20 -8.94 -2.38 -7.78 -90 -19 2.65
Total Operating Income		 -13 -12 -0.07 4.80 -7.43 -0.24 3.41 -6.10 -83 -12 -1.02
Total Gross Profit		 45 60 63 72 52 69 59 57 49 54 43
Total Revenue		 118 163 145 168 122 169 143 145 125 145 94
Operating Revenue		 118 163 145 168 122 169 143 145 125 145 94
Total Cost of Revenue		 73 103 82 96 70 100 84 88 77 91 51
Operating Cost of Revenue		 73 103 82 96 70 100 84 88 77 91 51
Total Operating Expenses		 58 72 63 68 59 69 56 63 132 66 44
Selling, General & Admin Expense		 25 26 32 30 24 27 25 26 22 22 19
Marketing Expense		 26 33 22 28 26 34 22 25 20 23 13
Depreciation Expense		 8.89 8.89 8.82 8.82 8.82 8.82 8.82 8.82 8.81 8.81 8.81
Restructuring Charge		 0.23 - - 0.00 0.00 - 0.00 3.47 6.20 - 3.18
Total Other Income / (Expense), net		 -5.53 -12 -4.42 -7.40 -12 -8.71 -5.79 -1.68 -6.77 -7.36 3.68
Interest Expense		 7.52 7.87 8.10 8.68 8.53 8.19 7.89 8.09 7.82 7.55 7.61
Other Income / (Expense), net		 1.99 -3.72 3.68 1.28 -3.96 -0.51 2.10 6.41 1.05 0.19 11
Income Tax Expense		 0.85 0.77 0.19 -0.02 -0.14 -1.99 -1.60 -0.39 -0.31 -1.84 -0.28
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 - - - - - - 0.27 - - - 0.01
Basic Earnings per Share		 ($0.16) ($0.18) ($0.04) ($0.02) ($0.15) ($0.06) ($0.30) ($0.06) ($0.67) ($0.13) $1.08
Weighted Average Basic Shares Outstanding		 124.05M 123.73M 125.20M 127.14M 128.29M 127.44M 2.59M 133.29M 134.21M 133.10M 2.71M
Diluted Earnings per Share		 ($0.16) ($0.18) ($0.04) ($0.02) ($0.15) ($0.06) ($0.30) ($0.06) ($0.67) ($0.13) $1.08
Weighted Average Diluted Shares Outstanding		 124.05M 123.73M 125.20M 127.14M 128.29M 127.44M 2.59M 133.29M 134.21M 133.10M 2.71M
Weighted Average Basic & Diluted Shares Outstanding		 125.81M 127.94M 128.87M 129.47M 130.60M 130.65M 135.69M 135.89M 137.03M 137.25M 2.78M

Annual Cash Flow Statements for Traeger

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.13 4.48 5.18 35 -22 -15 4.64
Net Cash From Operating Activities		 18 47 -28 5.09 64 24 21
Net Cash From Continuing Operating Activities		 18 47 -28 5.09 64 24 21
Net Income / (Loss) Continuing Operations		 -30 31 -92 -382 -84 -34 -115
Consolidated Net Income / (Loss)		 -30 31 -92 -382 -84 -34 -115
Depreciation Expense		 6.06 7.76 9.15 14 15 14 12
Amortization Expense		 36 36 41 45 34 38 40
Non-Cash Adjustments To Reconcile Net Income		 3.18 13 87 315 53 28 87
Changes in Operating Assets and Liabilities, net		 3.11 -41 -74 14 46 -22 -3.93
Net Cash From Investing Activities		 -9.00 -27 -80 -19 -17 -12 -7.33
Net Cash From Continuing Investing Activities		 -9.10 -27 -80 -19 -17 -12 -7.33
Purchase of Property, Plant & Equipment		 -7.50 -14 -22 -18 -20 -12 -6.93
Acquisitions		 -1.64 -13 -57 -0.51 -0.46 -0.45 -0.51
Sale of Property, Plant & Equipment		 0.05 0.02 0.00 0.00 3.03 0.11 0.11
Net Cash From Financing Activities		 -9.26 -15 114 49 -68 -26 -8.55
Net Cash From Continuing Financing Activities		 -9.26 -15 114 49 -68 -26 -8.55
Repayment of Debt		 -44 -71 -656 -146 -171 -87 -65
Issuance of Debt		 35 57 628 204 116 63 59
Other Financing Activities, net		 - -0.31 -0.38 -9.82 -13 -2.73 -2.39
Cash Interest Paid		 37 31 23 25 40 39 33

Quarterly Cash Flow Statements for Traeger

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -3.22 19 -6.30 -5.60 -1.15 -1.89 -2.95 -1.73 -4.44 14 14
Net Cash From Operating Activities		 19 20 -13 14 15 7.47 -21 18 7.55 16 18
Net Cash From Continuing Operating Activities		 19 20 -13 14 15 7.47 -21 18 7.55 16 18
Net Income / (Loss) Continuing Operations		 -19 -24 -4.68 -2.58 -20 -6.96 -0.78 -7.38 -90 -17 2.93
Consolidated Net Income / (Loss)		 -19 -24 -4.68 -2.58 -20 -6.96 -0.78 -7.38 -90 -17 2.93
Depreciation Expense		 3.74 3.81 3.62 3.26 3.26 3.73 3.75 2.81 2.81 2.78 2.68
Amortization Expense		 8.52 8.64 8.91 9.36 9.66 9.84 9.96 10 10 10 11
Non-Cash Adjustments To Reconcile Net Income		 4.05 6.48 11 7.52 6.32 3.41 5.59 4.32 78 -1.13 0.61
Changes in Operating Assets and Liabilities, net		 21 25 -32 -3.70 16 -2.55 -39 8.51 6.04 21 1.16
Net Cash From Investing Activities		 -6.50 -4.25 -5.75 -2.14 -2.34 -2.10 -1.90 -2.75 -1.21 -1.47 -3.49
Net Cash From Continuing Investing Activities		 -6.50 -4.25 -5.75 -2.14 -2.34 -2.10 -1.90 -2.75 -1.21 -1.47 -3.49
Purchase of Property, Plant & Equipment		 -6.82 -4.27 -5.68 -2.05 -2.30 -1.96 -1.83 -2.63 -1.16 -1.32 -3.39
Acquisitions		 -0.15 -0.09 -0.15 -0.09 -0.07 -0.14 -0.09 -0.16 -0.11 -0.15 -0.13
Sale of Property, Plant & Equipment		 0.48 0.10 0.08 - 0.03 - 0.01 0.04 0.06 - 0.03
Net Cash From Financing Activities		 -15 3.21 12 -17 -14 -7.27 20 -17 -11 -0.28 -0.34
Net Cash From Continuing Financing Activities		 -15 3.21 12 -17 -14 -7.27 20 -17 -11 -0.28 -0.34
Repayment of Debt		 -31 -9.46 -8.83 -38 -17 -23 -5.21 -34 -14 -12 -0.06
Issuance of Debt		 17 13 21 21 5.00 16 25 18 4.00 12 0.00
Other Financing Activities, net		 -0.39 -0.13 -0.12 -0.13 -2.28 -0.20 0.00 -0.93 -1.18 -0.14 -0.28
Cash Interest Paid		 - 40 9.66 -9.66 30 8.87 8.37 8.63 8.33 7.90 7.60
Cash Income Taxes Paid		 - - -0.52 0.52 1.58 0.38 0.76 0.62 0.05 - 0.15

Annual Balance Sheets for Traeger

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

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 990 1,178 947 861 831 676
Total Current Assets		 159 266 274 216 243 215
Cash & Equivalents		 12 17 39 30 15 20
Accounts Receivable		 65 93 42 60 85 82
Inventories, net		 69 142 153 96 107 99
Prepaid Expenses		 14 15 27 30 35 14
Plant, Property, & Equipment, net		 32 55 56 43 37 34
Total Noncurrent Assets		 798 856 617 602 551 427
Intangible Assets		 540 555 513 471 429 387
Other Noncurrent Operating Assets		 1.49 3.61 29 57 47 40
Total Liabilities & Shareholders' Equity		 990 1,178 947 861 831 676
Total Liabilities		 515 572 612 569 554 505
Total Current Liabilities		 80 166 113 134 122 80
Short-Term Debt		 3.70 53 24 44 5.25 0.25
Accounts Payable		 22 43 30 33 28 14
Accrued Expenses		 55 70 52 53 82 63
Other Current Liabilities		 - 0.42 6.66 4.10 7.15 3.03
Total Noncurrent Liabilities		 434 405 499 435 432 425
Long-Term Debt		 434 379 468 397 398 400
Capital Lease Obligations		 0.54 0.00 9.00 29 27 23
Noncurrent Deferred & Payable Income Tax Liabilities		 - 12 10 8.24 6.38 1.86
Other Noncurrent Operating Liabilities		 0.33 14 11 0.76 0.54 0.55
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 475 606 335 291 276 171
Total Preferred & Common Equity		 475 606 335 291 276 171
Preferred Stock		 - 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 475 606 335 291 276 171
Common Stock		 571 794 882 935 961 974
Retained Earnings		 -96 -188 -570 -655 -689 -804
Accumulated Other Comprehensive Income / (Loss)		 - -0.09 23 11 4.34 0.53

Quarterly Balance Sheets for Traeger

This table presents Traeger'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 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 837 862 842 818 826 781 690 662
Total Current Assets		 199 231 225 217 253 220 216 214
Cash & Equivalents		 11 24 18 17 12 10 5.87 34
Accounts Receivable		 51 79 89 71 95 76 81 64
Inventories, net		 102 100 91 105 127 116 115 88
Prepaid Expenses		 35 28 26 24 18 18 15 28
Plant, Property, & Equipment, net		 55 41 40 38 36 35 34 32
Total Noncurrent Assets		 582 591 578 563 537 526 440 416
Intangible Assets		 481 460 449 439 418 408 397 377
Other Noncurrent Operating Assets		 26 56 54 49 45 43 43 39
Total Liabilities & Shareholders' Equity		 837 862 842 818 826 781 690 662
Total Liabilities		 525 567 545 538 546 506 503 487
Total Current Liabilities		 108 133 110 104 115 76 73 63
Short-Term Debt		 36 59 24 12 25 9.25 0.25 0.25
Accounts Payable		 26 26 34 31 19 14 14 8.94
Accrued Expenses		 41 46 48 57 65 48 55 51
Other Current Liabilities		 5.50 1.00 4.48 4.24 5.21 4.58 4.01 2.58
Total Noncurrent Liabilities		 417 435 435 435 432 431 430 424
Long-Term Debt		 397 398 398 398 399 399 399 400
Capital Lease Obligations		 8.42 28 28 28 26 25 24 23
Noncurrent Deferred & Payable Income Tax Liabilities		 10 8.24 8.25 8.24 6.37 6.36 6.36 0.66
Other Noncurrent Operating Liabilities		 0.88 0.65 0.69 0.58 0.69 0.61 0.50 0.72
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 312 295 297 280 280 274 186 175
Total Preferred & Common Equity		 312 295 297 280 280 274 186 175
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 312 295 297 280 280 274 186 175
Common Stock		 929 945 952 956 966 969 972 976
Retained Earnings		 -631 -660 -662 -682 -690 -697 -787 -801
Accumulated Other Comprehensive Income / (Loss)		 13 8.80 6.98 5.55 3.06 2.24 1.38 -0.03

Annual Metrics And Ratios for Traeger

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 117,547,916.00 122,616,477.00 125,809,285.00 - 137,026,317.00
DEI Adjusted Shares Outstanding		 0.00 0.00 117,547,916.00 122,616,477.00 2,516,186.00 - 2,740,526.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -0.78 -3.12 -33.49 - -42.05
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 50.22% 43.93% -16.50% -7.63% -0.30% -7.38%
EBITDA Growth		 0.00% 111.63% -107.69% -3,396.74% 99.42% 2,977.41% -172.29%
EBIT Growth		 0.00% 559.18% -188.73% -504.08% 85.52% 95.18% -3,470.29%
NOPAT Growth		 0.00% 678.46% -175.13% -465.74% 83.97% 94.69% -3,219.53%
Net Income Growth		 0.00% 204.92% -395.55% -316.42% 77.91% 59.71% -238.69%
EPS Growth		 0.00% 207.41% -382.76% -289.02% 78.68% 60.29% -222.22%
Operating Cash Flow Growth		 0.00% 152.07% -161.01% 117.92% 1,157.20% -62.70% -14.10%
Free Cash Flow Firm Growth		 0.00% 0.00% 80.64% 97.14% 403.35% 165.14% 30.82%
Invested Capital Growth		 0.00% 0.00% 13.39% -23.24% -6.76% -5.43% -17.01%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -5.31% 4.37% 0.86% -3.99%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.58% 50.92% 47.26% -46.97%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.08% 8.31% 85.61% -13.91%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 2.52% 14.73% 79.55% -13.27%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 1.98% 5.44% 33.44% -9.76%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 3.92% 5.56% 30.77% -8.75%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -961.42% 115.18% 15.49% -33.83% 64.41%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -30.69% 21.65% 35.34%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -2.90% -1.41% -1.31% -4.97%
Profitability Metrics		 - - - - - - -
Gross Margin		 42.88% 43.02% 38.29% 34.88% 36.90% 42.29% 39.20%
EBITDA Margin		 14.25% 20.08% -1.07% -44.91% -0.28% 8.14% -6.35%
Operating Margin		 2.88% 10.69% -7.78% -52.74% -9.15% -0.49% -17.47%
EBIT Margin		 2.75% 12.07% -7.44% -53.83% -8.44% -0.41% -15.72%
Profit (Net Income) Margin		 -8.15% 5.69% -11.68% -58.26% -13.93% -5.63% -20.59%
Tax Burden Percent		 100.42% 97.64% 101.65% 100.31% 102.41% 94.56% 96.53%
Interest Burden Percent		 -294.90% 48.27% 154.46% 107.90% 161.15% 1,459.58% 135.64%
Effective Tax Rate		 0.00% 2.36% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 12.64% -4.45% -26.81% -5.12% -0.29% -10.81%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.48% -16.08% -59.15% -15.37% -7.76% -22.24%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.43% -12.53% -54.42% -21.84% -11.69% -40.70%
Return on Equity (ROE)		 0.00% 13.07% -16.98% -81.23% -26.96% -11.98% -51.50%
Cash Return on Invested Capital (CROIC)		 0.00% -187.36% -17.00% -0.52% 1.87% 5.29% 7.79%
Operating Return on Assets (OROA)		 0.00% 6.66% -5.39% -33.24% -5.66% -0.29% -11.68%
Return on Assets (ROA)		 0.00% 3.14% -8.47% -35.98% -9.34% -4.02% -15.29%
Return on Common Equity (ROCE)		 0.00% 13.07% -16.98% -81.23% -26.96% -11.98% -51.50%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 6.54% -15.14% -114.12% 0.00% -12.30% 0.00%
Net Operating Profit after Tax (NOPAT)		 7.32 57 -43 -242 -39 -2.06 -68
NOPAT Margin		 2.01% 10.44% -5.45% -36.92% -6.41% -0.34% -12.23%
Net Nonoperating Expense Percent (NNEP)		 0.00% 12.16% 11.63% 32.34% 10.25% 7.47% 11.43%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -28.96% -5.10% -0.29% -11.52%
Cost of Revenue to Revenue		 57.12% 56.98% 61.71% 65.12% 63.10% 57.71% 60.80%
SG&A Expenses to Revenue		 12.47% 9.21% 20.18% 25.43% 21.42% 18.79% 16.98%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 40.00% 32.33% 46.07% 87.62% 46.05% 42.78% 56.67%
Earnings before Interest and Taxes (EBIT)		 9.99 66 -58 -353 -51 -2.46 -88
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 52 110 -8.42 -295 -1.71 49 -36
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.89 2.36 1.03 1.18 1.13 0.87
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.17 0.78 1.82 0.53 0.57 0.52 0.26
Price to Earnings (P/E)		 0.00 13.64 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%
Earnings Yield		 0.00% 7.33% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.94 1.81 1.01 1.07 1.05 0.96
Enterprise Value to Revenue (EV/Rev)		 0.00 1.56 2.35 1.21 1.29 1.20 0.99
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 7.75 0.00 0.00 0.00 14.79 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 12.90 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 14.92 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 18.24 0.00 156.15 12.24 30.45 26.86
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 55.16 19.31 11.19
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.92 0.71 1.50 1.61 1.56 2.48
Long-Term Debt to Equity		 0.00 0.91 0.63 1.42 1.46 1.54 2.47
Financial Leverage		 0.00 0.90 0.78 0.92 1.42 1.51 1.83
Leverage Ratio		 0.00 2.08 2.00 2.26 2.89 2.98 3.37
Compound Leverage Factor		 0.00 1.01 3.10 2.44 4.65 43.48 4.57
Debt to Total Capital		 0.00% 47.96% 41.66% 59.95% 61.74% 60.89% 71.22%
Short-Term Debt to Total Capital		 0.00% 0.41% 5.13% 2.88% 5.73% 0.74% 0.04%
Long-Term Debt to Total Capital		 0.00% 47.56% 36.52% 57.06% 56.00% 60.15% 71.18%
Preferred Equity to Total Capital		 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%
Common Equity to Total Capital		 0.00% 52.04% 58.34% 40.05% 38.26% 39.11% 28.78%
Debt to EBITDA		 0.00 3.99 -51.37 -1.70 -275.07 8.75 -11.90
Net Debt to EBITDA		 0.00 3.89 -49.38 -1.53 -257.56 8.45 -11.34
Long-Term Debt to EBITDA		 0.00 3.96 -45.04 -1.62 -249.53 8.64 -11.89
Debt to NOPAT		 0.00 7.69 -10.11 -2.07 -12.11 -208.82 -6.18
Net Debt to NOPAT		 0.00 7.48 -9.72 -1.86 -11.34 -201.55 -5.89
Long-Term Debt to NOPAT		 0.00 7.62 -8.86 -1.97 -10.99 -206.27 -6.18
Altman Z-Score		 0.00 1.23 1.88 -0.84 -0.08 0.07 -0.85
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 1.99 1.60 2.43 1.62 1.99 2.68
Quick Ratio		 0.00 0.95 0.66 0.72 0.67 0.82 1.27
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -844 -163 -4.68 14 38 49
Operating Cash Flow to CapEx		 248.03% 330.33% -126.46% 27.69% 378.54% 201.03% 300.62%
Free Cash Flow to Firm to Interest Expense		 0.00 -24.78 -5.14 -0.17 0.45 1.12 1.57
Operating Cash Flow to Interest Expense		 0.47 1.37 -0.89 0.18 2.05 0.71 0.65
Operating Cash Flow Less CapEx to Interest Expense		 0.28 0.95 -1.60 -0.48 1.51 0.36 0.44
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.55 0.73 0.62 0.67 0.71 0.74
Accounts Receivable Turnover		 0.00 8.42 9.96 9.72 11.88 8.32 6.68
Inventory Turnover		 0.00 4.52 4.61 2.90 3.06 3.43 3.30
Fixed Asset Turnover		 0.00 16.84 17.88 11.82 12.35 15.19 15.84
Accounts Payable Turnover		 0.00 14.35 15.06 11.78 12.11 11.43 16.26
Days Sales Outstanding (DSO)		 0.00 43.36 36.65 37.56 30.72 43.89 54.62
Days Inventory Outstanding (DIO)		 0.00 80.80 79.20 126.05 119.17 106.56 110.62
Days Payable Outstanding (DPO)		 0.00 25.44 24.23 30.99 30.13 31.92 22.44
Cash Conversion Cycle (CCC)		 0.00 98.72 91.62 132.61 119.76 118.52 142.80
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 901 1,022 785 732 692 574
Invested Capital Turnover		 0.00 1.21 0.82 0.73 0.80 0.85 0.88
Increase / (Decrease) in Invested Capital		 0.00 901 121 -237 -53 -40 -118
Enterprise Value (EV)		 0.00 850 1,845 795 784 727 551
Market Capitalization		 424 424 1,429 346 343 312 148
Book Value per Share		 $0.00 $4.37 $5.16 $2.73 $2.32 $2.12 $1.25
Tangible Book Value per Share		 $0.00 ($2.96) ($2.09) ($2.06) ($2.02) ($1.74) ($1.58)
Total Capital		 0.00 913 1,039 836 761 707 594
Total Debt		 0.00 438 433 501 470 430 423
Total Long-Term Debt		 0.00 434 379 477 426 425 423
Net Debt		 0.00 426 416 450 440 415 403
Capital Expenditures (CapEx)		 7.45 14 22 18 17 12 6.83
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 71 137 134 96 111 115
Debt-free Net Working Capital (DFNWC)		 0.00 83 153 185 126 126 135
Net Working Capital (NWC)		 0.00 79 100 161 82 121 135
Net Nonoperating Expense (NNE)		 37 26 49 140 46 32 47
Net Nonoperating Obligations (NNO)		 0.00 426 416 450 440 415 403
Total Depreciation and Amortization (D&A)		 42 44 50 59 49 52 52
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 13.02% 17.39% 20.41% 15.87% 18.40% 20.62%
Debt-free Net Working Capital to Revenue		 0.00% 15.14% 19.52% 28.27% 20.81% 20.88% 24.13%
Net Working Capital to Revenue		 0.00% 14.46% 12.73% 24.60% 13.60% 20.01% 24.09%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.79) $0.00 ($34.00) ($0.27) ($43.50)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 112.37M 0.00 2.47M 127.44M 2.66M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.79) $0.00 ($34.00) ($0.27) ($43.50)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 112.37M 0.00 2.47M 127.44M 2.66M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 118.08M 0.00 2.56M 130.65M 2.75M
Normalized Net Operating Profit after Tax (NOPAT)		 7.32 57 -40 -73 -35 -2.06 -0.81
Normalized NOPAT Margin		 2.01% 10.44% -5.11% -11.13% -5.84% -0.34% -0.15%
Pre Tax Income Margin		 -8.11% 5.83% -11.49% -58.08% -13.60% -5.95% -21.33%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 0.25 1.93 -1.84 -12.66 -1.64 -0.07 -2.81
NOPAT to Interest Expense		 0.19 1.67 -1.34 -8.68 -1.24 -0.06 -2.18
EBIT Less CapEx to Interest Expense		 0.06 1.52 -2.54 -13.32 -2.18 -0.43 -3.02
NOPAT Less CapEx to Interest Expense		 0.00 1.26 -2.05 -9.34 -1.78 -0.42 -2.40
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 -0.27% 0.81% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -0.27% 0.81% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Traeger

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 123,968,189.00 125,809,285.00 127,940,759.00 128,869,832.00 129,466,276.00 - 130,648,819.00 135,690,256.00 135,886,236.00 137,026,317.00 137,251,532.00
DEI Adjusted Shares Outstanding		 123,968,189.00 2,516,186.00 127,940,759.00 128,869,832.00 129,466,276.00 - 2,612,976.00 135,690,256.00 135,886,236.00 2,740,526.00 2,745,031.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.16 -9.52 -0.04 -0.02 -0.15 - -0.40 -0.05 -0.66 -6.30 1.06
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 25.53% 18.35% -5.38% -1.77% 3.67% 3.16% -1.13% -13.65% 2.74% -13.80% -34.35%
EBITDA Growth		 100.73% 37.44% 66.67% 290.86% 11.22% 532.64% 19.20% -29.59% -4,644.86% -88.63% 22.00%
EBIT Growth		 94.66% 23.13% 234.19% 127.42% -4.59% 95.13% 53.07% -94.80% -622.53% -1,430.23% 86.07%
NOPAT Growth		 93.57% 45.03% 97.76% 117.37% 42.35% 97.96% 4,773.97% -227.11% -1,022.24% -4,809.24% -147.29%
Net Income Growth		 90.88% 16.81% 57.15% 91.45% -2.74% 71.06% 83.39% -186.42% -353.88% -147.20% 476.35%
EPS Growth		 90.91% 18.18% 55.56% 92.00% 6.25% 66.67% 83.39% -200.00% -346.67% -116.67% 460.00%
Operating Cash Flow Growth		 -23.06% 77.40% 46.60% -71.96% -18.14% -62.04% -65.40% 31.91% -50.13% 107.59% 185.89%
Free Cash Flow Firm Growth		 -23.45% -79.86% -83.12% -76.57% -37.11% -11.76% -13.31% -37.53% 7.28% 176.80% 265.20%
Invested Capital Growth		 -8.17% -6.76% -5.98% -5.37% -5.53% -5.43% -5.20% -4.41% -13.81% -17.01% -21.39%
Revenue Q/Q Growth		 -31.36% 38.86% -11.36% 16.26% -27.55% 38.17% -15.03% 1.54% -13.81% 15.92% -35.29%
EBITDA Q/Q Growth		 114.01% -315.80% 644.38% 15.93% -91.83% 739.49% 49.99% -31.52% -627.12% 102.10% 1,508.78%
EBIT Q/Q Growth		 50.84% -41.45% 123.39% 68.64% -287.49% 93.41% 834.35% -94.27% -26,147.78% 86.04% 189.30%
NOPAT Q/Q Growth		 53.33% 9.25% 99.38% 6,668.49% -254.91% 96.80% 1,533.61% -278.63% -1,267.68% 85.98% 86.19%
Net Income Q/Q Growth		 36.15% -24.84% 80.52% 44.95% -667.61% 64.84% 88.82% -849.10% -1,116.40% 80.85% 117.02%
EPS Q/Q Growth		 36.00% -12.50% 77.78% 50.00% -650.00% 60.00% 88.82% -500.00% -1,016.67% 80.60% 930.77%
Operating Cash Flow Q/Q Growth		 -62.58% 6.38% -164.00% 210.07% 9.23% -50.67% -378.87% 187.79% -58.70% 105.33% 15.38%
Free Cash Flow Firm Q/Q Growth		 -70.13% -21.34% 7.27% -7.06% -19.82% 10.38% 5.39% -33.03% 37.70% 184.77% 39.05%
Invested Capital Q/Q Growth		 -3.71% -1.41% 3.42% -3.61% -3.88% -1.31% 3.68% -2.82% -13.33% -4.97% -1.79%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 37.94% 36.79% 43.17% 42.93% 42.35% 40.85% 41.50% 39.18% 38.71% 37.38% 45.73%
EBITDA Margin		 1.17% -1.81% 11.13% 11.10% 1.25% 7.60% 13.42% 9.05% -55.34% 1.00% 24.94%
Operating Margin		 -10.94% -7.15% -0.05% 2.85% -6.09% -0.14% 2.38% -4.19% -66.48% -8.04% -1.09%
EBIT Margin		 -9.25% -9.42% 2.49% 3.61% -9.33% -0.45% 3.85% 0.22% -65.64% -7.91% 10.91%
Profit (Net Income) Margin		 -16.36% -14.71% -3.23% -1.53% -16.21% -4.13% -0.54% -5.08% -71.63% -11.83% 3.11%
Tax Burden Percent		 104.63% 103.31% 104.23% 99.08% 99.31% 77.80% 32.72% 94.97% 99.66% 90.32% 110.41%
Interest Burden Percent		 169.01% 151.06% -124.70% -42.82% 174.91% 1,190.81% -43.12% -2,460.44% 109.49% 165.71% 25.84%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -10.41%
Return on Invested Capital (ROIC)		 -5.74% -4.00% -0.03% 1.58% -3.54% -0.08% 1.36% -2.38% -41.56% -4.97% -0.96%
ROIC Less NNEP Spread (ROIC-NNEP)		 -8.08% -7.57% -1.01% 0.22% -6.96% -1.67% 0.66% -3.11% -49.06% -7.18% 0.03%
Return on Net Nonoperating Assets (RNNOA)		 -10.47% -10.75% -1.53% 0.31% -10.02% -2.52% 1.03% -4.65% -88.35% -13.14% 0.05%
Return on Equity (ROE)		 -16.21% -14.75% -1.56% 1.89% -13.56% -2.60% 2.40% -7.04% -129.91% -18.11% -0.91%
Cash Return on Invested Capital (CROIC)		 2.65% 1.87% 1.48% 3.66% 4.29% 5.29% 5.39% 3.50% 5.58% 7.79% 12.78%
Operating Return on Assets (OROA)		 -6.09% -6.32% 1.65% 2.51% -6.76% -0.32% 2.75% 0.16% -50.75% -5.87% 7.49%
Return on Assets (ROA)		 -10.78% -9.86% -2.15% -1.06% -11.74% -2.95% -0.39% -3.62% -55.38% -8.79% 2.14%
Return on Common Equity (ROCE)		 -16.21% -14.75% -1.56% 1.89% -13.56% -2.60% 2.40% -7.04% -129.91% -18.11% -0.91%
Return on Equity Simple (ROE_SIMPLE)		 -28.63% 0.00% -26.53% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -9.02 -8.18 -0.05 3.36 -5.20 -0.17 2.39 -4.27 -58 -8.18 -1.13
NOPAT Margin		 -7.66% -5.01% -0.04% 1.99% -4.26% -0.10% 1.67% -2.93% -46.53% -5.63% -1.20%
Net Nonoperating Expense Percent (NNEP)		 2.34% 3.56% 0.99% 1.36% 3.43% 1.59% 0.70% 0.73% 7.50% 2.20% -0.98%
Return On Investment Capital (ROIC_SIMPLE)		 - -1.07% -0.01% 0.45% -0.72% -0.02% 0.33% -0.60% -9.57% -1.38% -0.19%
Cost of Revenue to Revenue		 62.06% 63.21% 56.83% 57.07% 57.65% 59.15% 58.50% 60.82% 61.29% 62.62% 54.27%
SG&A Expenses to Revenue		 21.08% 15.86% 22.18% 18.10% 19.77% 15.84% 17.46% 17.89% 17.68% 15.01% 20.64%
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		 48.88% 43.94% 43.22% 40.09% 48.44% 40.99% 39.12% 43.37% 105.19% 45.42% 46.82%
Earnings before Interest and Taxes (EBIT)		 -11 -15 3.60 6.08 -11 -0.75 5.52 0.32 -82 -11 10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.37 -2.96 16 19 1.53 13 19 13 -69 1.46 23
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.09 1.18 1.10 1.04 1.70 1.13 0.79 0.85 0.89 0.87 0.46
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.58 0.57 0.54 0.52 0.80 0.52 0.36 0.40 0.28 0.26 0.16
Price to Earnings (P/E)		 0.00 0.00 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% 0.00%
Earnings Yield		 0.00% 0.00% 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)		 1.04 1.07 1.04 1.02 1.28 1.05 0.92 0.94 0.97 0.96 0.83
Enterprise Value to Revenue (EV/Rev)		 1.32 1.29 1.31 1.25 1.50 1.20 1.09 1.13 1.00 0.99 0.92
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 165.64 22.30 26.88 14.79 12.57 14.01 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 1,735.34 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.86 12.24 10.47 18.79 24.86 30.45 41.99 32.62 46.77 26.86 7.91
Enterprise Value to Free Cash Flow (EV/FCFF)		 37.50 55.16 67.92 27.01 28.99 19.31 16.56 26.25 16.03 11.19 5.72
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.42 1.61 1.65 1.51 1.57 1.56 1.61 1.58 2.28 2.48 2.42
Long-Term Debt to Equity		 1.30 1.46 1.45 1.43 1.52 1.54 1.52 1.55 2.28 2.47 2.42
Financial Leverage		 1.30 1.42 1.51 1.40 1.44 1.51 1.57 1.50 1.80 1.83 1.82
Leverage Ratio		 2.61 2.89 2.89 2.74 2.80 2.98 2.94 2.84 3.24 3.37 3.27
Compound Leverage Factor		 4.41 4.36 -3.61 -1.17 4.89 35.47 -1.27 -69.87 3.54 5.58 0.85
Debt to Total Capital		 58.61% 61.74% 62.24% 60.22% 61.02% 60.89% 61.67% 61.23% 69.49% 71.22% 70.75%
Short-Term Debt to Total Capital		 4.79% 5.73% 7.62% 3.18% 1.71% 0.74% 3.46% 1.31% 0.04% 0.04% 0.04%
Long-Term Debt to Total Capital		 53.82% 56.00% 54.61% 57.04% 59.31% 60.15% 58.20% 59.92% 69.44% 71.18% 70.70%
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		 41.39% 38.26% 37.76% 39.78% 38.98% 39.11% 38.33% 38.77% 30.51% 28.78% 29.25%
Debt to EBITDA		 -126.79 -275.07 102.37 13.54 13.12 8.75 8.60 9.27 -17.52 -11.90 -13.50
Net Debt to EBITDA		 -123.55 -257.56 97.39 13.00 12.61 8.45 8.37 9.05 -17.28 -11.34 -12.42
Long-Term Debt to EBITDA		 -116.44 -249.53 89.83 12.82 12.75 8.64 8.12 9.07 -17.51 -11.89 -13.49
Debt to NOPAT		 -9.70 -12.11 -13.27 -32.38 -43.46 -208.82 1,187.53 -59.78 -7.02 -6.18 -5.91
Net Debt to NOPAT		 -9.45 -11.34 -12.63 -31.08 -41.78 -201.55 1,155.76 -58.36 -6.92 -5.89 -5.44
Long-Term Debt to NOPAT		 -8.91 -10.99 -11.65 -30.67 -42.24 -206.27 1,120.86 -58.51 -7.01 -6.18 -5.91
Altman Z-Score		 0.11 0.06 0.11 0.13 0.22 0.08 0.02 -0.01 -0.70 -0.48 -0.50
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		 1.84 1.62 1.74 2.04 2.09 1.99 2.21 2.92 2.96 2.68 3.40
Quick Ratio		 0.58 0.67 0.77 0.98 0.85 0.82 0.93 1.14 1.19 1.27 1.56
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 57 45 48 45 36 40 42 28 38 110 152
Operating Cash Flow to CapEx		 291.43% 472.58% -224.96% 676.11% 667.27% 380.84% -1,146.78% 707.07% 685.48% 1,175.08% 532.78%
Free Cash Flow to Firm to Interest Expense		 7.58 5.70 5.94 5.15 4.20 4.83 5.28 3.45 4.92 14.50 20.01
Operating Cash Flow to Interest Expense		 2.46 2.50 -1.56 1.60 1.77 0.91 -2.64 2.26 0.97 2.05 2.35
Operating Cash Flow Less CapEx to Interest Expense		 1.62 1.97 -2.25 1.36 1.51 0.67 -2.87 1.94 0.83 1.88 1.91
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.66 0.67 0.66 0.69 0.72 0.71 0.71 0.71 0.77 0.74 0.69
Accounts Receivable Turnover		 13.60 11.88 6.69 6.89 9.84 8.32 6.92 7.01 7.70 6.68 6.41
Inventory Turnover		 2.80 3.06 3.16 3.76 3.40 3.43 3.08 3.31 3.18 3.30 2.86
Fixed Asset Turnover		 8.91 12.35 13.21 12.91 12.81 15.19 15.78 15.59 16.19 15.84 15.11
Accounts Payable Turnover		 17.38 12.11 14.08 13.59 12.44 11.43 15.57 14.50 15.62 16.26 21.95
Days Sales Outstanding (DSO)		 26.84 30.72 54.55 52.95 37.11 43.89 52.71 52.08 47.43 54.62 56.97
Days Inventory Outstanding (DIO)		 130.22 119.17 115.53 97.11 107.24 106.56 118.41 110.24 114.91 110.62 127.65
Days Payable Outstanding (DPO)		 21.00 30.13 25.93 26.86 29.33 31.92 23.44 25.17 23.37 22.44 16.63
Cash Conversion Cycle (CCC)		 136.06 119.76 144.15 123.20 115.01 118.52 147.68 137.15 138.97 142.80 167.99
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 742 732 757 729 701 692 717 697 604 574 564
Invested Capital Turnover		 0.75 0.80 0.77 0.79 0.83 0.85 0.82 0.81 0.89 0.88 0.80
Increase / (Decrease) in Invested Capital		 -66 -53 -48 -41 -41 -40 -39 -32 -97 -118 -153
Enterprise Value (EV)		 769 784 786 741 898 727 657 655 584 551 469
Market Capitalization		 338 343 324 309 476 312 219 232 166 148 80
Book Value per Share		 $2.51 $2.32 $2.30 $2.31 $2.16 $2.12 $2.14 $2.02 $1.37 $1.25 $1.27
Tangible Book Value per Share		 ($1.97) ($2.02) ($1.88) ($1.76) ($1.81) ($1.74) ($1.63) ($1.53) ($1.55) ($1.58) ($1.47)
Total Capital		 753 761 780 747 718 707 729 707 610 594 598
Total Debt		 441 470 486 450 438 430 450 433 424 423 423
Total Long-Term Debt		 405 426 426 426 426 425 424 424 424 423 422
Net Debt		 430 440 462 432 421 415 438 423 418 403 389
Capital Expenditures (CapEx)		 6.35 4.17 5.60 2.05 2.27 1.96 1.82 2.59 1.10 1.32 3.36
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 116 96 134 120 109 111 151 144 137 115 118
Debt-free Net Working Capital (DFNWC)		 127 126 158 138 126 126 163 154 143 135 151
Net Working Capital (NWC)		 91 82 98 115 113 121 138 145 143 135 151
Net Nonoperating Expense (NNE)		 10 16 4.63 5.93 15 6.79 3.17 3.12 31 9.02 -4.06
Net Nonoperating Obligations (NNO)		 430 440 462 432 421 415 438 423 418 403 389
Total Depreciation and Amortization (D&A)		 12 12 13 13 13 14 14 13 13 13 13
Debt-free, Cash-free Net Working Capital to Revenue		 19.94% 15.87% 22.40% 20.25% 18.16% 18.40% 25.11% 24.80% 23.56% 20.62% 23.07%
Debt-free Net Working Capital to Revenue		 21.88% 20.81% 26.36% 23.28% 20.97% 20.88% 27.11% 26.58% 24.56% 24.13% 29.67%
Net Working Capital to Revenue		 15.67% 13.60% 16.40% 19.29% 18.93% 20.01% 22.92% 24.98% 24.52% 24.09% 29.62%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.16) ($9.00) ($0.04) ($0.02) ($0.15) ($0.06) ($0.50) ($0.06) ($0.67) ($6.50) $1.08
Adjusted Weighted Average Basic Shares Outstanding		 124.05M 2.47M 125.20M 127.14M 128.29M 127.44M 2.59M 133.29M 134.21M 2.66M 2.71M
Adjusted Diluted Earnings per Share		 ($0.16) ($9.00) ($0.04) ($0.02) ($0.15) ($0.06) ($0.50) ($0.06) ($0.67) ($6.50) $1.08
Adjusted Weighted Average Diluted Shares Outstanding		 124.05M 2.47M 125.20M 127.14M 128.29M 127.44M 2.59M 133.29M 134.21M 2.66M 2.71M
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		 125.81M 2.56M 128.87M 129.47M 130.60M 130.65M 2.71M 135.89M 137.03M 2.75M 2.78M
Normalized Net Operating Profit after Tax (NOPAT)		 -10 -5.25 -0.05 3.36 -5.20 -0.17 2.39 -1.84 -1.70 -8.18 1.51
Normalized NOPAT Margin		 -8.89% -3.21% -0.04% 1.99% -4.26% -0.10% 1.67% -1.26% -1.36% -5.63% 1.61%
Pre Tax Income Margin		 -15.64% -14.24% -3.10% -1.54% -16.33% -5.30% -1.66% -5.34% -71.87% -13.10% 2.82%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -1.45 -1.96 0.45 0.70 -1.33 -0.09 0.70 0.04 -10.53 -1.52 1.35
NOPAT to Interest Expense		 -1.20 -1.04 -0.01 0.39 -0.61 -0.02 0.30 -0.53 -7.47 -1.08 -0.15
EBIT Less CapEx to Interest Expense		 -2.29 -2.49 -0.25 0.46 -1.60 -0.33 0.47 -0.28 -10.67 -1.70 0.91
NOPAT Less CapEx to Interest Expense		 -2.04 -1.57 -0.70 0.15 -0.88 -0.26 0.07 -0.85 -7.61 -1.26 -0.59
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%

Financials Breakdown Chart

Key Financial Trends

Traeger’s latest quarter shows a mixed picture: Q1 2026 was profitable and cash-generating, but the company still carries a heavy debt load and a large amount of intangible assets on the balance sheet. Compared with the same period a year ago, revenue declined and profitability remains inconsistent, even though operating cash flow improved sharply.

  • Q1 2026 returned to profitability. Traeger posted net income of $2.9 million, versus a loss of $778,000 in Q1 2025.
  • Operating cash flow improved meaningfully. Cash from operations rose to $17.9 million in Q1 2026 from a negative $20.8 million in Q1 2025.
  • Cash balance improved sharply. Cash and equivalents increased to $33.7 million from $12.0 million at the end of Q1 2025.
  • Debt reduction continued modestly. Total debt ticked down slightly sequentially, with short-term debt at just $250,000 and long-term debt at $399.9 million.
  • Gross profit dollars were solid. Q1 2026 gross profit was $43.0 million on $94.1 million of revenue, showing the company can still produce meaningful margin dollars.
  • Revenue was still down year over year. Q1 2026 revenue was $94.1 million, compared with $143.3 million in Q1 2025.
  • Shares outstanding remain elevated. The share count was about 2.7 million in Q1 2026 on the reported statement, but prior periods show much larger weighted averages after the company’s capital structure changes, so dilution remains a factor investors should watch.
  • Operating income was slightly negative again. Traeger reported an operating loss of $1.0 million in Q1 2026, so core profitability remains fragile.
  • Interest expense is still a major burden. Interest expense was $7.6 million in Q1 2026, which continues to pressure earnings.
  • Leverage remains high. Total liabilities were $486.9 million versus only $174.8 million in common equity, leaving the balance sheet highly leveraged.

Longer-term trend: Traeger’s revenue peaked in the 2024–2025 period and then weakened materially through late 2025 and early 2026. The company also recorded several weak or deeply negative quarters in operating income, especially in Q3 2025 when it booked a large impairment charge and restructuring costs. That said, the business has shown it can still generate cash from operations in stronger quarters, which is important given the debt load.

Balance sheet takeaways: The company’s asset base is dominated by intangible assets, which were $376.7 million in Q1 2026. That means a large share of reported assets may not be as liquid or flexible as cash or inventory. Inventory also remains sizable at $87.8 million, so investors should watch for working-capital efficiency and any future write-down risk.

Bottom line: Traeger is showing some signs of stabilization, especially in cash generation and bottom-line improvement versus the prior year. But revenue softness, high interest expense, and elevated leverage still make this a relatively high-risk turnaround story rather than a clean recovery.

07/22/26 10:16 AM ETAI Generated. May Contain Errors.

Traeger Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Traeger's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Traeger's net income appears to be on an upward trend, with a most recent value of -$115.18 million in 2025, rising from -$29.59 million in 2019. The previous period was -$34.01 million in 2024. Check out Traeger's forecast to explore projected trends and price targets.

Traeger's total operating income in 2025 was -$97.73 million, based on the following breakdown:
  • Total Gross Profit: $219.35 million
  • Total Operating Expenses: $317.07 million

Over the last 6 years, Traeger's total revenue changed from $363.32 million in 2019 to $559.52 million in 2025, a change of 54.0%.

Traeger's total liabilities were at $505.13 million at the end of 2025, a 8.9% decrease from 2024, and a 1.8% decrease since 2020.

In the past 5 years, Traeger's cash and equivalents has ranged from $11.56 million in 2020 to $39.06 million in 2022, and is currently $19.62 million as of their latest financial filing in 2025.

Over the last 6 years, Traeger's book value per share changed from 0.00 in 2019 to 1.25 in 2025, a change of 124.7%.


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Financial statements for NYSE:COOK last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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