Freshpet, Inc. logo FRPT - Freshpet, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 17
HOLD 11
SELL 1
STRONG
SELL
0
| PRICE TARGET: $77.33 DETAILS
HIGH: $98.00
LOW: $60.00
MEDIAN: $77.00
CONSENSUS: $77.33
UPSIDE: 49.92%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Revenue
Revenue 297.6 285.2 288.8 264.7 263.2 262.7 253.4 235.3 223.8 215.4 200.6 183.3 167.5 165.8 151.3 146.0 132.2 115.9 107.6 108.6 93.4 84.5 84.2 80.0 70.1 65.8 65.3 60.1 54.8 51.6 50.8 47.6 43.2 40.7 41.2 40.0 34.5 34.1 34.5 33.0 31.5 30.2 30.6 28.4 27.1 24.5 22.5 20.4 19.4 17.7 16.7 14.8 13.9
Cost of Revenue 177.0 180.4 180.5 156.5 159.5 151.1 151.1 141.3 135.7 140.8 134.3 124.1 116.8 120.1 106.8 98.5 87.4 74.7 66.1 65.5 57.1 54.0 47.1 46.0 38.3 35.5 34.6 32.7 28.9 28.3 27.2 24.7 23.0 21.8 21.7 21.8 18.7 18.8 19.2 18.1 16.6 16.5 16.5 14.7 13.8 12.5 11.6 10.3 10.1 11.3 9.4 7.9 7.3
Gross Profit 120.7 104.8 108.4 108.2 103.8 111.6 102.2 94.0 88.2 74.6 66.3 59.2 50.8 45.7 44.5 47.5 44.8 41.2 41.5 43.1 36.3 30.5 37.0 33.9 31.8 30.3 30.7 27.3 25.9 23.4 23.6 22.9 20.1 18.9 19.5 18.2 15.8 15.2 15.4 14.9 14.9 13.7 14.0 13.7 13.3 12.0 10.9 10.1 9.3 6.4 7.3 6.9 6.6
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0 0 0 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 116.3 52.6 82.6 90.4 115.3 92.2 90.3 95.7 79.7 59.7 73.4 76.0 68.3 64.6 60.4 65.6 60.6 48.9 42.4 49.6 46.0 33.6 28.5 33.7 34.7 25.4 27.2 30.1 29.2 19.4 23.6 24.2 23.5 15.5 19.3 20.0 18.5 13.7 14.5 17.9 16.5 10.8 15.6 15.7 15.8 11.4 12.2 13.4 11.6 8.3 11.5 9.3 9.0
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 3.9 (16.9) 0 0 (0.0) 0.0 0.0 (0.0) (0.0) 0 4.8 0 0 0 (0.1) (0.0) 0.0 (0.1) (0.0) 0.0 (0.0) (0.0) 0.0 0 0.1 (0.1) 0.0 (0.1) (0.0) 0 (0.0) (0.1) 0.0 0 (0.1) (0.0) (0.0) 0 (0.1) 0 0
Operating Expenses 116.3 52.6 82.6 90.4 115.3 92.2 90.3 95.7 79.7 59.7 73.4 76.0 72.3 47.8 60.4 65.6 60.6 48.9 42.4 49.6 46.0 33.6 33.3 33.7 34.7 25.4 27.2 32.7 29.2 21.5 23.6 26.3 23.5 17.3 19.3 20.0 18.5 13.7 14.5 17.9 16.5 10.8 15.6 15.7 15.8 11.4 12.2 13.4 11.6 8.3 11.5 11.3 10.6
Operating Income
Operating Income 4.3 52.2 25.7 17.8 (11.5) 19.4 11.9 (1.8) 8.5 14.9 (7.1) (16.8) (21.5) (2.1) (15.9) (18.1) (15.9) (7.6) (0.8) (6.5) (9.7) (3.1) 3.8 0.2 (2.9) 4.9 3.5 (5.3) (3.3) 1.9 0.0 (3.4) (3.4) 1.6 0.2 (1.8) (2.7) 1.6 0.8 (3.0) (1.6) 2.9 (1.5) (2.0) (2.5) 0.6 (1.3) (3.3) (2.3) (1.8) (4.2) (3.2) (3.1)
Interest Expense (3.6) 3.4 3.6 3.7 3.5 3.5 2.9 2.8 3.1 3.4 4.1 3.3 3.2 1.1 1.8 1.7 0.6 0.7 0.7 0.7 0.9 0.2 0.2 0.1 0.7 0.3 0.3 0.3 0.1 0.0 0.1 0.1 0.1 0.1 0.5 0.2 0.2 0.2 0.2 0.2 0.1 0.2 0.1 0.1 0.0 16.8 8.0 2.9 2.8 2.9 2.2 0 0
Interest Income 0 4.6 0 2.2 2.4 2.7 3.0 2.9 3.3 3.8 4.1 4.1 0.9 0 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.8 0.7
Profitability
EBITDA 4.3 67.5 50.9 40.6 12.7 43.5 33.8 18.5 37.6 31.8 13.5 2.2 (6.9) 7.5 (7.1) (9.9) (7.6) 0.7 7.2 1.2 (2.6) 3.1 10.7 5.7 1.6 9.2 7.5 (1.4) 0.4 5.5 3.8 0.1 (0.2) 5.0 3.5 0.7 0.4 4.4 3.3 0.8 0.5 4.9 (0.1) (0.2) (0.7) 2.6 0.3 (1.8) (0.8) 0.4 (2.9) (2.2) (2.3)
EBIT 4.3 46.7 27.3 20.0 (9.1) 22.1 14.9 1.1 21.7 18.7 (2.9) (12.6) (21.4) (2.6) (15.6) (18.2) (15.6) (7.6) (0.8) (6.5) (9.7) (3.1) 5.6 0.3 (2.9) 5.0 3.4 (5.4) (3.3) 1.8 0.0 (3.4) (3.4) 1.6 0.2 (2.4) (2.7) 1.5 0.8 (3.1) (1.6) 3.0 (1.5) (2.1) (2.5) 0.4 (1.4) (3.4) (2.3) (2.3) (4.2) (3.2) (3.1)
Income Before Tax 65.6 43.4 23.7 16.3 (12.6) 18.6 11.9 (1.6) 18.7 15.3 (7.1) (16.9) (24.7) (2.8) (18.4) (20.5) (17.5) (9.2) (2.1) (7.5) (10.9) (3.3) 3.6 0.2 (3.6) 4.7 3.1 (5.6) (3.4) 1.8 (0.1) (3.5) (3.5) 1.5 (0.2) (2.6) (2.9) 1.3 0.6 (3.2) (1.8) 2.8 (1.7) (2.2) (2.6) (16.4) (9.5) (6.3) (5.1) (5.2) (6.5) (5.2) (4.7)
Income Tax Expense 17.1 9.6 (78.0) (0.1) 0.1 0.4 0.1 0.1 0.1 0 0.1 0.1 0.1 0.2 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Net Income 48.5 33.8 101.7 16.4 (12.7) 18.1 11.9 (1.7) 18.6 15.3 (7.2) (17.0) (24.8) (2.9) (18.4) (20.6) (17.5) (9.3) (2.1) (7.5) (10.9) (3.3) 3.5 0.2 (3.6) 4.6 3.1 (5.7) (3.4) 1.8 (0.1) (3.5) (3.5) 1.5 (0.2) (2.7) (2.9) 1.2 0.6 (3.2) (1.8) 2.8 (1.7) (2.2) (2.6) (16.4) (9.5) (6.3) (5.1) (5.2) (6.5) (7.4) (6.8)
Per Share Data
EPS (Basic) 0.99 0.69 2.08 0.34 -0.26 0.37 0.25 -0.03 0.38 0.32 -0.15 -0.35 -0.50 -0.04 -0.37 -0.44 -0.37 -0.21 -0.05 -0.17 -0.26 -0.08 0.09 0.00 -0.10 0.13 0.09 -0.16 -0.10 0.05 -0.00 -0.10 -0.10 0.04 -0.01 -0.08 -0.09 0.04 0.02 -0.10 -0.05 0.08 -0.05 -0.07 -0.08 -0.49 -0.30 -0.30 -0.25 -0.25 -0.31 -0.71 -0.65
EPS (Diluted) 0.91 0.64 1.86 0.33 -0.26 0.36 0.24 -0.03 0.37 0.31 -0.15 -0.35 -0.50 -0.04 -0.37 -0.44 -0.37 -0.21 -0.05 -0.17 -0.26 -0.08 0.09 0.00 -0.10 0.12 0.08 -0.16 -0.10 0.05 -0.00 -0.10 -0.10 0.04 -0.01 -0.08 -0.09 0.04 0.02 -0.10 -0.05 0.08 -0.05 -0.07 -0.08 -0.49 -0.30 -0.30 -0.25 -0.25 -0.31 -0.70 -0.65
Shares Outstanding 49.1 48.8 48.8 48.8 48.7 48.6 48.5 48.5 48.3 48.2 48.2 48.1 48.0 48.0 47.3 45.6 43.4 43.4 41.4 43.3 41.6 40.7 40.6 40.3 37.4 36.1 36.1 35.4 34.2 35.5 35.4 35.0 35.1 35.0 34.7 33.2 32.0 33.9 33.7 32.4 33.5 34.8 33.5 31.8 32.3 33.5 31.8 20.8 20.8 20.8 20.8 10.4 10.4
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Current Assets
Cash & Cash Equivalents 381.4 278.0 274.6 243.7 243.7 268.6 274.6 251.7 257.9 296.9 338.1 244.0 337.1 132.7 240.3 307.3 29.7 72.8 170.8 280.3 341.0 67.2 84.2 107.7 149.5 9.5 7.2 4.8 3.8 7.6 2.9 1.1 3.0 2.2 2.1 0.7 2.0 3.9 3.5 1.7 0.3
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 114.4 49.3 0 19.9 19.8 0 0 0 0 0 0 10 20.0 20 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 65.4 63.8 64.3 60.4 62.7 68.4 65.0 68.2 68.5 56.8 54.4 51.9 49.5 57.6 48.2 62.1 61.5 34.8 32.2 34.0 28.8 18.4 21.6 22.7 20.3 18.6 19.5 19.4 15.6 12.3 14.4 11.1 12.1 12.7 12.4 11.5 8.7 8.9 8.7 8.2 7.1
Inventory 80.6 76.8 69.8 90.6 82.0 80.8 72.8 73.3 71.9 63.2 59.1 65.3 66.3 58.3 64.3 60.7 45.3 35.6 29.3 24.6 21.8 19.1 17.5 18.7 16.0 12.5 13.3 13.2 11.1 9.3 8.7 10.3 9.9 10.1 8.7 7.7 7.6 5.4 6.3 7.9 8.2
Other Current Assets 7.1 17.2 5.5 3.8 3.1 3.1 3.1 3.5 2.9 2.8 2.0 3.3 3.1 3.6 2.3 2.2 2.0 1.3 1.6 1.8 1.9 0.9 0.7 0.8 10.7 10.5 10.8 0.7 0.3 0.7 0.4 1.1 0.8 0.7 0.9 0 0 0.3 0 0 0
Total Current Assets 541.8 435.7 423.6 409.2 405.4 437.0 421.3 405.2 407.0 427.3 462.4 487.1 513.1 262.0 383.5 454.7 143.0 150.3 237.8 344.6 396.0 109.1 137.5 172.6 219.5 54.3 52.4 39.3 33.1 31.0 27.1 24.7 26.7 27.0 24.6 21.3 19.1 19.2 19.3 18.6 16.8
Non-Current Assets
Property, Plant & Equipment 1,209.2 1,205.1 1,179.6 1,169.3 1,085.7 1,070.3 1,044.8 1,036.7 1,010.3 984.7 928.7 869.6 831.0 809.6 725.0 669.5 670.1 594.6 478.8 402.9 338.9 292.6 250.5 228.8 204.5 174.4 146.1 132.2 118.9 102.1 103.1 102.7 101.7 100.6 101.4 101.7 101.7 101.5 100.0 99.1 92.7
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 33.4 33.4 33.4 33.4 33.4 33.4 33.4 33.4 23.5 23.5 23.5 24.4 25.4 26.2 27.1 27.8 25.9 26.7 27.3 27.7 27.9 27.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 35.4 34.6 109.0 35.5 34.5 34.2 32.2 31.0 29.9 28.9 29.7 30.1 31.5 28.4 30.9 22.2 12.6 13.7 15.0 8.7 11.3 4.7 10.2 10.5 8.0 7.4 7.7 9.8 7.7 6.9 5.6 5.9 6.9 6.3 6.1 5.8 6.0 5.7 5.3 4.7 4.8
Total Non-Current Assets 1,297.4 1,342.1 1,322.0 1,238.3 1,153.6 1,137.9 1,110.4 1,101.1 1,073.6 1,037.1 981.9 923.2 886.9 863.4 782.0 718.8 710.5 634.1 520.5 438.8 377.9 325.3 288.5 239.2 212.5 181.8 153.9 141.9 126.6 109.0 108.7 108.6 108.6 106.9 107.5 107.5 107.7 107.2 105.3 103.9 97.5
Total Assets 1,839.2 1,777.8 1,745.5 1,647.5 1,559.0 1,574.9 1,531.7 1,506.3 1,480.6 1,464.4 1,444.3 1,410.4 1,400.0 1,125.4 1,165.5 1,173.5 853.5 784.4 758.3 783.4 774.0 434.4 425.9 411.9 432.0 236.1 206.3 181.2 159.7 140.0 135.8 133.4 135.2 133.9 132.1 128.7 126.8 126.5 124.6 122.5 114.3
Current Liabilities
Account Payables 35.5 42.4 30.8 42.8 42.8 39.2 35.5 34.1 46.6 36.1 40.9 32.4 26.4 55.1 37.0 39.5 77.2 42.6 12.8 39.2 31.0 16.5 10.7 9.1 20.4 18.7 17.8 15.8 11.3 9.2 9.9 10.5 8.5 9.2 8.2 7.6 10.7 6.9 5.7 7.4 7.2
Short-Term Debt 4.7 0 0 0 0 0 0 0 0 0 0 0 0 0 72.9 10.4 4.8 0 0 0 0 0 0 0 0 0 0 0 10 0 2 4 6 0 5.5 7.5 5.8 7 9 8 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19.4 9.0 0 0 0.0 0.3 0.5 0 0.3 5.1 3.8 4.5 4.7 5.0 0
Other Current Liabilities 39.1 31.6 2.0 9.6 7.9 34.5 28.0 21.6 12.6 19.3 12.9 9.8 5.8 8.6 5.8 5.5 4.2 6.9 4.7 7.8 5.3 8.2 5.3 3.5 4.0 6.4 11.3 2.1 0.9 0.7 0.4 0 0 3.9 0 0.8 2.6 2.9 3.2 0.2 0.1
Total Current Liabilities 87.6 78.6 76.7 85.0 82.6 98.9 89.2 90 81.9 89.2 83.8 77.4 55.7 89.6 131.0 70.8 96.4 58.9 28.7 57.2 45.8 33.1 24.0 19.4 42.1 42.0 38.4 26.1 30.5 18.2 18.7 20.1 20.2 16.7 20.4 20.8 20.4 18.7 19.6 20.6 11.1
Non-Current Liabilities
Long-Term Debt 397.9 462.4 396.8 396.2 395.7 395.2 394.6 394.1 393.6 393.1 392.6 392.0 391.6 0 0 65.0 43.5 0 0 0 0 0 0 0 0 54.5 35.4 28.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 (65.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.3 0.3 0.3 0.3 0.3 0.2 0 0 0 0 0 0
Total Non-Current Liabilities 489.5 490.5 490.4 490.9 427.0 420.6 421.0 420.5 420.8 421.7 422.0 395.1 395.4 4.2 4.6 70.0 49.0 5.7 6.1 6.4 6.8 7.1 7.5 7.9 8.1 62.9 44.1 37.5 8.7 0.3 0.3 0.3 0.3 0.3 0.2 0 0 0 0 0 0
Total Liabilities 577.1 569.1 567.1 575.8 509.5 519.5 510.3 510.5 502.7 511.0 505.8 472.6 451.1 93.8 135.6 140.8 145.4 64.7 34.8 63.6 52.6 40.2 31.5 27.3 50.2 104.9 82.5 63.6 39.2 18.5 19.0 20.4 20.5 17.0 20.6 20.8 20.4 18.7 19.6 20.6 11.1
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (94.2) (142.7) (176.5) (278.1) (294.5) (281.8) (299.9) (311.8) (310.1) (328.7) (344.0) (336.9) (319.9) (295.1) (292.2) (273.8) (253.2) (235.6) (226.4) (224.3) (216.8) (205.9) (202.6) (206.2) (206.3) (202.7) (207.4) (210.4) (204.8) (201.4) (203.1) (203.0) (199.5) (196.0) (197.5) (197.3) (194.6) (191.7) (193.0) (193.6) (190.3)
Accumulated Other Comprehensive Income (0.5) 0.3 (0.4) (0.3) (0.6) (0.8) (0.2) (0.8) (0.7) (0.6) (1.0) (0.7) 1.4 1.4 1.0 1.4 (0.5) (0.1) 0.1 0.1 0.2 (0.1) (0.0) (0.4) (0.0) (0.1) (0.2) (0.1) 0.1 (0.0) 0.0 0.1 0.3 0.1 (48.7) (45.6) (42.6) (39.6) (36.7) (34.1) (32.1)
Total Stockholders' Equity 1,262.1 1,208.7 1,178.4 1,071.7 1,049.5 1,055.4 1,021.4 995.8 977.8 953.5 938.6 937.8 948.9 1,031.6 1,029.9 1,032.7 708.1 719.8 723.5 719.8 721.4 394.2 394.5 384.6 381.8 131.3 123.8 117.6 120.5 121.5 116.8 113.0 114.7 116.9 111.5 108.0 106.4 107.8 105.0 101.9 103.2
Total Liabilities & Equity 1,839.2 1,777.8 1,745.5 1,647.5 1,559.0 1,574.9 1,531.7 1,506.3 1,480.6 1,464.4 1,444.3 1,410.4 1,400.0 1,125.4 1,165.5 1,173.5 853.5 784.4 758.3 783.4 774.0 434.4 425.9 411.9 432.0 236.1 206.3 181.2 159.7 140.0 135.8 133.4 135.2 133.9 132.1 128.7 126.8 126.5 124.6 122.5 114.3
Debt Metrics
Total Debt 494.0 560.0 494.8 495.2 430.5 424.1 424.4 423.6 424.0 425.1 425.5 396.7 396.9 5.7 78.9 81.9 55.1 7.1 7.4 7.8 8.1 8.4 8.8 9.2 9.3 64.1 45.2 38.6 19.7 0 2 4 6 0 5.5 7.5 5.8 7 9 8 0
Net Debt 112.7 282.0 220.2 251.5 186.8 155.5 149.8 171.9 166.1 128.2 87.4 152.7 59.8 (127.0) (161.4) (225.4) 25.4 (65.7) (163.4) (272.6) (332.9) (58.9) (75.4) (98.5) (140.2) 54.6 38.0 33.8 15.9 (7.6) (0.9) 2.9 3.0 (2.2) 3.4 6.8 3.7 3.1 5.5 6.3 (0.3)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 48.5 33.8 101.7 16.4 (12.7) 18.1 11.9 (1.7) 18.6 15.3 (7.2) (17.0) (24.8) (2.9) (18.4) (20.6) (17.5) (9.3) (2.1) (7.5) (10.9) (3.3) 3.5 0.2 (3.6) 4.6 3.1 (5.7) (3.4) 1.8 (0.1) (3.5) (3.5) 1.5 (0.2) (2.7) (2.9) 1.2 0.6 (3.2) (1.8)
Depreciation & Amortization 23.9 23.6 23.6 20.6 21.8 21.4 18.9 17.4 15.9 13.1 16.5 14.4 14.5 10.1 8.9 7.9 8.0 8.0 7.7 7.7 7.1 6.2 5.1 5.4 4.5 4.2 4.1 3.9 3.7 3.6 3.6 3.5 3.3 3.3 3.2 3.1 3.0 2.9 2.7 2.2 2.1
Stock-Based Compensation 0 (1.2) 0 6.2 8.8 13.9 12.1 19.5 6.2 (0.0) 8.1 8.4 8.4 5.7 0 6.3 6.3 6.5 5.7 6.7 6.1 0 3.3 2.3 2.2 2.1 3.1 1.4 1.2 2.6 1.8 1.3 1.1 1.1 1.1 1.2 0.9 0.7 0.8 1.7 1.0
Change in Working Capital 2.1 (6.6) 11.3 (10.7) (26.2) (4.2) 11.6 6.1 (27.1) 4.1 19.7 6.4 (15.9) (4.0) 9.2 (26.2) (33.2) (3.0) (18.9) 0.5 (9.1) 1.5 4.4 (11.0) (6.4) 1.2 2.8 (5.2) (6.0) 1.9 0.0 2.0 (1.2) (0.8) 0.9 (4.5) 1.0 0.5 (0.2) 0.7 0.6
Other Non-Cash Items (50.3) (3.7) 8.1 1.4 13.0 1.1 1.6 1.1 (8.2) 4.5 2.1 1.2 4.1 1.5 9.1 5.0 1.6 1.8 1.3 1.1 1.3 2.9 1.8 0.5 0.8 0.7 0.3 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.3 0.6 0.0 0.1 (0.0) 0.1 0.1
Operating Cash Flow 40.3 55.1 66.8 33.9 4.8 50.4 56.1 42.4 5.4 37.0 39.2 13.5 (13.7) 10.5 8.7 (27.6) (34.8) 4.0 (6.3) 8.4 (5.5) 7.3 18.2 (2.6) (2.5) 12.8 13.3 (5.4) (4.5) 10.0 5.4 3.4 (0.2) 5.1 5.2 (2.2) 2.1 5.5 3.9 1.4 2.0
Investing Activities
Capital Expenditure (27.6) 54.5 (35.2) 7.2 (26.5) (58.3) (34.0) (48.3) (46.5) (77.5) (59.1) (44.5) (58.0) (62.6) (72.6) (39.0) (55.9) (101.3) (103.2) (68.3) (49.3) (34.6) (26.7) (39.0) (34.2) (29.9) (17.8) (12.4) (10.5) (3.6) (3.7) (4.0) (5.0) (2.2) (3.7) (3.9) (3.3) (3.9) (4.8) (8.2) (13.0)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (3.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 (64.1) (49.3) 0 0.0 (19.8) 0 0 0 0 0 (0.3) 0 (0.0) (20) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 95.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (3.2) 0 0 3.2
Other Investing Activities 0 (107.5) 0 (40.7) 0 0 0 0 0 0 113.4 0 0 19.8 0 0 0 0 0 0 0 0 (17.6) 0 0 0 0 0 (10,917.5) (17,112.0) 0 0 (6,019.1) (2.2) 0 (0.0) 0.0 0.0 0.0 0.0 0.0
Investing Cash Flow 67.9 (53.0) (35.2) (33.4) (26.5) (58.3) (34.0) (48.3) (46.5) (77.5) 54.3 (108.6) (107.4) (42.8) (72.6) (58.8) (59.2) (101.3) (103.2) (68.3) (49.3) (24.9) (44.3) (39.0) (54.2) (29.9) (17.8) (12.4) (10.5) (3.6) (3.7) (4.0) (5.0) (2.2) (3.7) (3.9) (3.3) (3.9) (4.8) (8.2) (9.8)
Financing Activities
Net Debt Issuance (1.0) 1.6 (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.6) (0.5) 0 393.5 (75.2) (2.8) 27 51 0 0 0 0 0.8 0 0 (55.1) 19.1 6.9 17.8 10 (2) (2) (2) 6 (5.5) (2) 1.8 (1.2) (2) 1 8 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.6) (0.7) 0 0 (0.3) 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (4.5) (0.1) (0.2) 0.0 (2.7) 2.5 1.3 0.2 2.6 (0.2) 1.1 2.0 (68.0) (0.0) (0.1) (0.8) (0.1) (0.8) 0.0 (0.5) (4.0) (0.9) 2.6 (0.1) (0.2) (0.4) 0.1 1.0 1.1 0.3 0 (0.3) 0.1 2.6 1.8 3.0 0.6 0.8 1.7 0.2 0.0
Financing Cash Flow (4.8) 1.3 (0.7) (0.5) (3.2) 1.9 0.8 (0.3) 2.1 (0.8) 0.6 2.0 325.5 (75.2) (3.2) 364.1 50.9 (0.8) 0.0 (0.8) 328.5 0.7 2.6 (0.1) 196.8 19.3 7.0 18.8 11.1 (1.7) 0.1 (1.3) 6.1 (2.9) (0.2) 4.7 (0.7) (1.2) 2.7 8.2 0.0
Cash Position
Net Change in Cash 103.4 3.4 30.9 (0.0) (24.9) (6.0) 22.9 (6.2) (39.0) (41.2) 94.1 (93.1) 204.4 (107.6) (67.0) 277.6 (43.1) (98.0) (109.5) (60.6) 273.7 (16.9) (23.5) (41.8) 140.0 2.3 2.5 1.0 (3.8) 4.7 1.7 (1.9) 0.9 0.1 1.4 (1.3) (1.9) 0.4 1.8 1.5 (7.8)
Cash at Beginning 278.0 274.6 243.7 243.7 268.6 274.6 251.7 257.9 296.9 338.1 244.0 337.1 132.7 240.3 307.3 29.7 72.8 170.8 280.3 341.0 67.2 84.2 107.7 149.5 9.5 7.2 4.8 3.8 7.6 2.9 1.1 3.0 2.2 2.1 0.7 2.0 3.9 3.5 1.7 0.3 8.0
Cash at End 381.4 278.0 274.6 243.7 243.7 268.6 274.6 251.7 257.9 296.9 338.1 244.0 337.1 132.7 240.3 307.3 29.7 72.8 170.8 280.3 341.0 67.2 84.2 107.7 149.5 9.5 7.2 4.8 3.8 7.6 2.9 1.1 3.0 2.2 2.1 0.7 2.0 3.9 3.5 1.7 0.3
Free Cash Flow 12.7 109.6 31.6 41.1 (21.7) (7.9) 22.1 (5.9) (41.1) (40.5) (19.9) (31.0) (71.8) (52.2) (63.8) (66.6) (90.7) (97.3) (109.5) (59.8) (54.8) (27.3) (8.5) (41.6) (36.7) (17.1) (4.5) (17.8) (14.9) 6.5 1.6 (0.6) (5.2) 3.0 1.6 (6.1) (1.2) 1.6 (1.0) (6.8) (11.0)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Income Statement
Revenue 297.6 285.2 288.8 264.7 263.2 262.7 253.4 235.3 223.8 215.4 200.6 183.3 167.5 165.8 151.3 146.0 132.2 115.9 107.6 108.6 93.4 84.5 84.2 80.0 70.1 65.8 65.3 60.1 54.8 51.6 50.8 47.6 43.2 40.7 41.2 40.0 34.5 34.1 34.5 33.0 31.5 30.2 30.6 28.4 27.1 24.5 22.5 20.4 19.4 17.7 16.7 14.8 13.9
Gross Profit 120.7 104.8 108.4 108.2 103.8 111.6 102.2 94.0 88.2 74.6 66.3 59.2 50.8 45.7 44.5 47.5 44.8 41.2 41.5 43.1 36.3 30.5 37.0 33.9 31.8 30.3 30.7 27.3 25.9 23.4 23.6 22.9 20.1 18.9 19.5 18.2 15.8 15.2 15.4 14.9 14.9 13.7 14.0 13.7 13.3 12.0 10.9 10.1 9.3 6.4 7.3 6.9 6.6
Operating Income 4.3 52.2 25.7 17.8 (11.5) 19.4 11.9 (1.8) 8.5 14.9 (7.1) (16.8) (21.5) (2.1) (15.9) (18.1) (15.9) (7.6) (0.8) (6.5) (9.7) (3.1) 3.8 0.2 (2.9) 4.9 3.5 (5.3) (3.3) 1.9 0.0 (3.4) (3.4) 1.6 0.2 (1.8) (2.7) 1.6 0.8 (3.0) (1.6) 2.9 (1.5) (2.0) (2.5) 0.6 (1.3) (3.3) (2.3) (1.8) (4.2) (3.2) (3.1)
Net Income 48.5 33.8 101.7 16.4 (12.7) 18.1 11.9 (1.7) 18.6 15.3 (7.2) (17.0) (24.8) (2.9) (18.4) (20.6) (17.5) (9.3) (2.1) (7.5) (10.9) (3.3) 3.5 0.2 (3.6) 4.6 3.1 (5.7) (3.4) 1.8 (0.1) (3.5) (3.5) 1.5 (0.2) (2.7) (2.9) 1.2 0.6 (3.2) (1.8) 2.8 (1.7) (2.2) (2.6) (16.4) (9.5) (6.3) (5.1) (5.2) (6.5) (7.4) (6.8)
EPS (Diluted) 0.91 0.64 1.86 0.33 -0.26 0.36 0.24 -0.03 0.37 0.31 -0.15 -0.35 -0.50 -0.04 -0.37 -0.44 -0.37 -0.21 -0.05 -0.17 -0.26 -0.08 0.09 0.00 -0.10 0.12 0.08 -0.16 -0.10 0.05 -0.00 -0.10 -0.10 0.04 -0.01 -0.08 -0.09 0.04 0.02 -0.10 -0.05 0.08 -0.05 -0.07 -0.08 -0.49 -0.30 -0.30 -0.25 -0.25 -0.31 -0.70 -0.65
Balance Sheet
Cash & Equivalents 381.4 278.0 274.6 243.7 243.7 268.6 274.6 251.7 257.9 296.9 338.1 244.0 337.1 132.7 240.3 307.3 29.7 72.8 170.8 280.3 341.0 67.2 84.2 107.7 149.5 9.5 7.2 4.8 3.8 7.6 2.9 1.1 3.0 2.2 2.1 0.7 2.0 3.9 3.5 1.7 0.3
Total Assets 1,839.2 1,777.8 1,745.5 1,647.5 1,559.0 1,574.9 1,531.7 1,506.3 1,480.6 1,464.4 1,444.3 1,410.4 1,400.0 1,125.4 1,165.5 1,173.5 853.5 784.4 758.3 783.4 774.0 434.4 425.9 411.9 432.0 236.1 206.3 181.2 159.7 140.0 135.8 133.4 135.2 133.9 132.1 128.7 126.8 126.5 124.6 122.5 114.3
Total Debt 494.0 560.0 494.8 495.2 430.5 424.1 424.4 423.6 424.0 425.1 425.5 396.7 396.9 5.7 78.9 81.9 55.1 7.1 7.4 7.8 8.1 8.4 8.8 9.2 9.3 64.1 45.2 38.6 19.7 0 2 4 6 0 5.5 7.5 5.8 7 9 8 0
Stockholders' Equity 1,262.1 1,208.7 1,178.4 1,071.7 1,049.5 1,055.4 1,021.4 995.8 977.8 953.5 938.6 937.8 948.9 1,031.6 1,029.9 1,032.7 708.1 719.8 723.5 719.8 721.4 394.2 394.5 384.6 381.8 131.3 123.8 117.6 120.5 121.5 116.8 113.0 114.7 116.9 111.5 108.0 106.4 107.8 105.0 101.9 103.2
Cash Flow
Operating Cash Flow 40.3 55.1 66.8 33.9 4.8 50.4 56.1 42.4 5.4 37.0 39.2 13.5 (13.7) 10.5 8.7 (27.6) (34.8) 4.0 (6.3) 8.4 (5.5) 7.3 18.2 (2.6) (2.5) 12.8 13.3 (5.4) (4.5) 10.0 5.4 3.4 (0.2) 5.1 5.2 (2.2) 2.1 5.5 3.9 1.4 2.0
Capital Expenditure (27.6) 54.5 (35.2) 7.2 (26.5) (58.3) (34.0) (48.3) (46.5) (77.5) (59.1) (44.5) (58.0) (62.6) (72.6) (39.0) (55.9) (101.3) (103.2) (68.3) (49.3) (34.6) (26.7) (39.0) (34.2) (29.9) (17.8) (12.4) (10.5) (3.6) (3.7) (4.0) (5.0) (2.2) (3.7) (3.9) (3.3) (3.9) (4.8) (8.2) (13.0)
Free Cash Flow 12.7 109.6 31.6 41.1 (21.7) (7.9) 22.1 (5.9) (41.1) (40.5) (19.9) (31.0) (71.8) (52.2) (63.8) (66.6) (90.7) (97.3) (109.5) (59.8) (54.8) (27.3) (8.5) (41.6) (36.7) (17.1) (4.5) (17.8) (14.9) 6.5 1.6 (0.6) (5.2) 3.0 1.6 (6.1) (1.2) 1.6 (1.0) (6.8) (11.0)