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Freshpet (FRPT) Financials

Freshpet logo
$80.19 +2.02 (+2.58%)
Closing price 04/11/2025 04:00 PM Eastern
Extended Trading
$80.16 -0.03 (-0.04%)
As of 04/11/2025 07:53 PM Eastern
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Annual Income Statements for Freshpet

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
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

Quarterly Income Statements for Freshpet

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
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

Annual Cash Flow Statements for Freshpet

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
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

Quarterly Cash Flow Statements for Freshpet

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
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

Annual Balance Sheets for Freshpet

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
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

Quarterly Balance Sheets for Freshpet

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
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

Annual Metrics and Ratios for Freshpet

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
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%

Quarterly Metrics and Ratios for Freshpet

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
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 fiscal year end?

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

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 4/13/2025 by MarketBeat.com Staff
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