FRPT - Freshpet, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$77.33
DETAILS
HIGH:
$98.00
LOW:
$60.00
MEDIAN:
$77.00
CONSENSUS:
$77.33
UPSIDE:
49.92%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 1,102.0 | 975.2 | 766.9 | 595.3 | 425.5 | 318.8 | 245.9 | 193.2 | 156.4 | 133.1 | 116.2 | 86.8 | 63.2 | 43.5 |
| Cost of Revenue | 676.8 | 579.2 | 516.0 | 409.3 | 263.3 | 185.9 | 131.7 | 103.2 | 84.0 | 72.7 | 61.5 | 44.5 | 36.0 | 22.9 |
| Gross Profit | 425.2 | 396.0 | 250.9 | 186.0 | 162.1 | 132.9 | 114.2 | 90.0 | 72.4 | 60.4 | 54.6 | 42.2 | 27.2 | 20.6 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0.3 | 0.5 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 340.9 | 335.6 | 281.3 | 238.0 | 186.8 | 134.9 | 114.5 | 86.2 | 68.3 | 55.6 | 52.8 | 44.4 | 39.6 | 35.4 |
| Other Expenses | (10.7) | 22.3 | 0 | 0 | 0 | 0 | 0 | (0.1) | (0.5) | (0.2) | 0.4 | (0.3) | 0 | (0.3) |
| Operating Expenses | 330.2 | 358.0 | 281.3 | 238.0 | 186.8 | 134.9 | 114.5 | 94.9 | 75.2 | 62.6 | 58.3 | 48.6 | 39.6 | 35.4 |
| Operating Income | ||||||||||||||
| Operating Income | 95.0 | 38.0 | (30.4) | (52.0) | (24.7) | (2.0) | (0.3) | (4.9) | (2.8) | (2.2) | (3.6) | (6.4) | (12.4) | (14.7) |
| Interest Expense | 14.1 | 12.3 | 14.1 | 5.2 | 2.9 | 1.2 | 1.0 | 0.3 | 0.9 | 0.7 | 0.5 | 30.6 | 8.7 | 3.5 |
| Interest Income | 0 | 11.9 | 13.0 | 1.7 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||
| EBITDA | 171.8 | 133.4 | 41.1 | (15.7) | 5.8 | 19.2 | 15.7 | 9.1 | 9.4 | 7.3 | 4.4 | (0.3) | (7.0) | (10.5) |
| EBIT | 84.9 | 59.8 | (17.4) | (50.3) | (24.6) | (1.9) | (0.2) | (5.0) | (3.3) | (2.4) | (3.2) | (6.7) | (12.9) | (15.1) |
| Income Before Tax | 70.8 | 47.5 | (33.4) | (59.2) | (29.5) | (3.1) | (1.2) | (5.3) | (4.2) | (3.1) | (3.7) | (37.3) | (21.7) | (18.6) |
| Income Tax Expense | (68.4) | 0.6 | 0.2 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Net Income | 139.1 | 46.9 | (33.6) | (59.5) | (29.7) | (3.2) | (1.4) | (5.4) | (4.3) | (3.2) | (3.7) | (37.3) | (21.7) | (18.7) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 2.85 | 0.97 | -0.70 | -1.29 | -0.69 | -0.08 | -0.04 | -0.15 | -0.12 | -0.09 | -0.11 | -2.74 | -1.04 | -1.80 |
| EPS (Diluted) | 2.64 | 0.93 | -0.70 | -1.29 | -0.69 | -0.08 | -0.04 | -0.15 | -0.12 | -0.09 | -0.11 | -2.74 | -1.04 | -1.80 |
| Shares Outstanding | 48.8 | 48.5 | 48.2 | 46.2 | 42.9 | 39.8 | 36.0 | 35.3 | 34.5 | 33.7 | 33.5 | 13.6 | 20.8 | 10.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 278.0 | 268.6 | 296.9 | 132.7 | 72.8 | 67.2 | 9.5 | 7.6 | 2.2 | 3.9 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 63.8 | 68.4 | 56.8 | 57.6 | 34.8 | 18.4 | 18.6 | 12.3 | 12.7 | 8.9 |
| Inventory | 76.8 | 80.8 | 63.2 | 58.3 | 35.6 | 19.1 | 12.5 | 9.3 | 10.1 | 5.4 |
| Other Current Assets | 17.2 | 3.1 | 2.8 | 3.6 | 1.3 | 0.9 | 10.5 | 0.7 | 0.7 | 0.3 |
| Total Current Assets | 435.7 | 437.0 | 427.3 | 262.0 | 150.3 | 109.1 | 54.3 | 31.0 | 27.0 | 19.2 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 1,205.1 | 1,070.3 | 984.7 | 809.6 | 594.6 | 292.6 | 174.4 | 102.1 | 100.6 | 101.5 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 33.4 | 33.4 | 23.5 | 25.4 | 25.9 | 27.9 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 34.6 | 34.2 | 28.9 | 28.4 | 13.7 | 4.7 | 7.4 | 6.9 | 6.3 | 5.7 |
| Total Non-Current Assets | 1,342.1 | 1,137.9 | 1,037.1 | 863.4 | 634.1 | 325.3 | 181.8 | 109.0 | 106.9 | 107.2 |
| Total Assets | 1,777.8 | 1,574.9 | 1,464.4 | 1,125.4 | 784.4 | 434.4 | 236.1 | 140.0 | 133.9 | 126.5 |
| Current Liabilities | ||||||||||
| Account Payables | 42.4 | 39.2 | 36.1 | 55.1 | 42.6 | 16.5 | 18.7 | 9.2 | 9.2 | 6.9 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.5 |
| Other Current Liabilities | 31.6 | 34.5 | 19.3 | 8.6 | 6.9 | 8.2 | 6.4 | 0.7 | 3.9 | 2.9 |
| Total Current Liabilities | 78.6 | 98.9 | 89.2 | 89.6 | 58.9 | 33.1 | 42.0 | 18.2 | 16.7 | 18.7 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 462.4 | 395.2 | 393.1 | 0 | 0 | 0 | 54.5 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | (65.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.3 | 0 |
| Total Non-Current Liabilities | 490.5 | 420.6 | 421.7 | 4.2 | 5.7 | 7.1 | 62.9 | 0.3 | 0.3 | 0 |
| Total Liabilities | 569.1 | 519.5 | 511.0 | 93.8 | 64.7 | 40.2 | 104.9 | 18.5 | 17.0 | 18.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (142.7) | (281.8) | (328.7) | (295.1) | (235.6) | (205.9) | (202.7) | (201.4) | (196.0) | (191.7) |
| Accumulated Other Comprehensive Income | 0.3 | (0.8) | (0.6) | 1.4 | (0.1) | (0.1) | (0.1) | (0.0) | 0.1 | (39.6) |
| Total Stockholders' Equity | 1,208.7 | 1,055.4 | 953.5 | 1,031.6 | 719.8 | 394.2 | 131.3 | 121.5 | 116.9 | 107.8 |
| Total Liabilities & Equity | 1,777.8 | 1,574.9 | 1,464.4 | 1,125.4 | 784.4 | 434.4 | 236.1 | 140.0 | 133.9 | 126.5 |
| Debt Metrics | ||||||||||
| Total Debt | 560.0 | 424.1 | 425.1 | 5.7 | 7.1 | 8.4 | 64.1 | 0 | 0 | 7 |
| Net Debt | 282.0 | 155.5 | 128.2 | (127.0) | (65.7) | (58.9) | 54.6 | (7.6) | (2.2) | 3.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 139.1 | 46.9 | (33.6) | (59.5) | (29.7) | (3.2) | (1.4) | (5.4) | (4.3) | (3.2) |
| Depreciation & Amortization | 89.7 | 73.6 | 58.5 | 34.6 | 30.5 | 21.1 | 15.9 | 14.1 | 12.7 | 9.9 |
| Stock-Based Compensation | 13.9 | 51.8 | 24.9 | 26.1 | 25.0 | 10.9 | 7.8 | 6.8 | 4.4 | 4.2 |
| Change in Working Capital | (32.2) | (13.7) | 14.3 | (54.1) | (30.6) | (11.8) | (7.6) | 2.8 | (3.5) | 1.5 |
| Other Non-Cash Items | 18.9 | (4.4) | 11.8 | 9.7 | 5.5 | 4.1 | 1.6 | 0.1 | 0.4 | 0.2 |
| Operating Cash Flow | 160.6 | 154.3 | 75.9 | (43.2) | 0.6 | 21.2 | 16.3 | 18.6 | 10.3 | 12.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | (148.2) | (187.1) | (239.1) | (230.1) | (322.1) | (134.6) | (70.6) | (16.3) | (13.0) | (30.0) |
| Acquisitions | 0 | 0 | 0 | (3.3) | 0 | (27.9) | 0 | 0 | 0 | 0.0 |
| Purchases of Investments | 0 | 0 | (113.4) | (19.8) | 0 | (20) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 113.4 | 19.8 | 0 | 20 | 0 | 0 | 0 | 3.2 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (17,124.7) | (13.0) | 0.0 |
| Investing Cash Flow | (148.2) | (187.1) | (239.1) | (233.4) | (322.1) | (162.5) | (70.6) | (16.3) | (13.0) | (26.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (2.1) | (2.0) | 392.4 | 0 | 0 | (55.1) | 53.8 | 0 | (7) | 7 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.3) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (3.0) | (2.6) | (65.1) | (1.0) | (5.2) | 2.0 | 2.4 | 0 | 8.0 | 2.8 |
| Financing Cash Flow | (3.0) | 4.6 | 327.3 | 336.5 | 327.0 | 199.0 | 56.2 | 3.1 | 1.0 | 9.8 |
| Cash Position | ||||||||||
| Net Change in Cash | 9.3 | (28.2) | 164.1 | 59.9 | 5.5 | 57.8 | 1.9 | 5.4 | (1.7) | (4.1) |
| Cash at Beginning | 268.6 | 296.9 | 132.7 | 72.8 | 67.2 | 9.5 | 7.6 | 2.2 | 3.9 | 8.0 |
| Cash at End | 278.0 | 268.6 | 296.9 | 132.7 | 72.8 | 67.2 | 9.5 | 7.6 | 2.2 | 3.9 |
| Free Cash Flow | 12.4 | (32.8) | (163.2) | (273.3) | (321.5) | (113.4) | (54.3) | 2.3 | (2.7) | (17.2) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 1,102.0 | 975.2 | 766.9 | 595.3 | 425.5 | 318.8 | 245.9 | 193.2 | 156.4 | 133.1 | 116.2 | 86.8 | 63.2 | 43.5 |
| Gross Profit | 425.2 | 396.0 | 250.9 | 186.0 | 162.1 | 132.9 | 114.2 | 90.0 | 72.4 | 60.4 | 54.6 | 42.2 | 27.2 | 20.6 |
| Operating Income | 95.0 | 38.0 | (30.4) | (52.0) | (24.7) | (2.0) | (0.3) | (4.9) | (2.8) | (2.2) | (3.6) | (6.4) | (12.4) | (14.7) |
| Net Income | 139.1 | 46.9 | (33.6) | (59.5) | (29.7) | (3.2) | (1.4) | (5.4) | (4.3) | (3.2) | (3.7) | (37.3) | (21.7) | (18.7) |
| EPS (Diluted) | 2.64 | 0.93 | -0.70 | -1.29 | -0.69 | -0.08 | -0.04 | -0.15 | -0.12 | -0.09 | -0.11 | -2.74 | -1.04 | -1.80 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 278.0 | 268.6 | 296.9 | 132.7 | 72.8 | 67.2 | 9.5 | 7.6 | 2.2 | 3.9 | ||||
| Total Assets | 1,777.8 | 1,574.9 | 1,464.4 | 1,125.4 | 784.4 | 434.4 | 236.1 | 140.0 | 133.9 | 126.5 | ||||
| Total Debt | 560.0 | 424.1 | 425.1 | 5.7 | 7.1 | 8.4 | 64.1 | 0 | 0 | 7 | ||||
| Stockholders' Equity | 1,208.7 | 1,055.4 | 953.5 | 1,031.6 | 719.8 | 394.2 | 131.3 | 121.5 | 116.9 | 107.8 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 160.6 | 154.3 | 75.9 | (43.2) | 0.6 | 21.2 | 16.3 | 18.6 | 10.3 | 12.8 | ||||
| Capital Expenditure | (148.2) | (187.1) | (239.1) | (230.1) | (322.1) | (134.6) | (70.6) | (16.3) | (13.0) | (30.0) | ||||
| Free Cash Flow | 12.4 | (32.8) | (163.2) | (273.3) | (321.5) | (113.4) | (54.3) | 2.3 | (2.7) | (17.2) | ||||