Medifast, Inc. logo MED - Medifast, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 6
SELL 2
STRONG
SELL
0
| PRICE TARGET: $12.00 DETAILS
HIGH: $12.00
LOW: $12.00
MEDIAN: $12.00
CONSENSUS: $12.00
DOWNSIDE: 4.69%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue
Revenue 385.8 602.5 1,072.1 1,598.6 1,526.1 934.8 713.7 501.0 301.6 274.5 272.8 285.3 356.9 356.7 298.2 0.3 165.6 105.4 83.8 74.1 40.1 27.3 25.4 12.3 5.0 3.9 4.7 15.9 14.4 16.5
Cost of Revenue 110.6 157.8 296.2 458.2 398.5 237.0 176.8 121.1 73.8 68.9 71.5 76.1 89.0 88.7 73.7 0.1 40.3 25.3 21.5 18.2 10.2 6.7 6.8 3.7 2.2 1.7 2.3 10.1 9.7 9.2
Gross Profit 275.2 444.6 775.9 1,140.4 1,127.6 697.8 536.9 379.9 227.8 205.7 201.3 209.2 267.8 268.0 224.5 0.2 125.3 80.1 62.3 55.8 30.0 20.6 18.6 8.7 2.8 2.2 2.3 5.8 4.7 7.3
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
SG&A Expenses 289.4 441.7 649.4 955.6 911.4 563.7 445.8 310.8 188.2 178.8 172.6 179.0 202.2 208.8 197.1 160.8 105.9 71.9 56.6 48.3 25.9 17.6 15.0 6.9 2.1 1.7 4.2 6.6 7.8 6.5
Other Expenses 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 0 0.2 0.2 0 0 0.4
Operating Expenses 289.4 441.7 649.4 955.6 911.4 563.7 445.8 310.8 188.2 178.8 172.6 179.0 234.3 244.8 197.1 0.2 106.0 71.9 56.6 47.7 25.9 17.6 15.0 6.9 2.1 1.7 4.4 6.6 7.8 6.8
Operating Income
Operating Income (14.2) 2.9 126.4 184.8 216.2 134.2 91.0 69.1 39.6 26.9 28.7 30.2 33.6 23.3 27.4 0.0 19.4 8.2 5.7 8.1 4.1 3.0 3.6 1.8 0.7 0.3 (2.1) (0.8) (3.1) 0.4
Interest Expense 0 0 0 0.7 0 0 0 0 0 0 0 0 0 0 0.1 0.0 0.1 0.4 0 0.4 0.3 0 0.1 0 0 0.4 0 0 0 0
Interest Income 5.5 4.8 2.5 0 0 0.2 1.3 1.3 0.6 0.3 0.7 0.7 0.5 0.3 0.4 0.0 0.2 0.1 0 0.2 0.2 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (3.7) 15.6 139.5 195.7 223.1 138.5 95.7 73.5 43.8 32.3 35.8 38.3 46.3 35.5 35.7 37.5 23.8 12.8 9.2 10.5 5.8 4.2 4.2 2.1 1.0 0.7 (1.8) (0.3) (2.3) 1.1
EBIT (14.2) 2.9 126.4 184.8 216.2 134.2 91.0 69.1 39.6 26.9 28.7 30.2 38.4 27.1 27.4 31.6 18.6 8.2 5.7 8.1 4.1 3.0 3.6 1.8 0.7 0.5 (2.1) (0.8) (3.1) 0.4
Income Before Tax (5.6) 3.8 128.8 184.1 216.1 134.3 92.4 70.5 40.3 27.1 29.7 31.7 34.2 24.5 27.7 0.0 19.3 7.8 5.5 7.3 3.9 2.9 3.6 1.7 0.6 (0.1) (1.7) (0.9) (3.4) 0.2
Income Tax Expense 13.0 1.7 29.4 40.5 52.1 31.4 14.4 14.8 12.6 9.3 10.1 10.7 10.2 8.6 9.1 0.0 7.3 2.4 1.7 2.3 1.2 1.2 1.1 (0.9) (0.0) (0.8) 1.1 0 0.3 (0.1)
Net Income (18.7) 2.1 99.4 143.6 164.0 102.9 77.9 55.8 27.7 17.8 20.1 13.2 24.0 15.9 18.5 0.0 12.0 5.4 3.8 5.1 2.7 1.7 2.4 2.6 0.6 1.3 (3.2) (0.9) (3.7) 0.3
Per Share Data
EPS (Basic) -1.70 0.19 9.10 12.82 14.01 8.74 6.62 4.67 2.32 1.51 1.68 1.04 1.74 1.16 1.33 1.39 0.89 0.37 0.30 0.41 0.20 0.16 0.25 0.36 0.08 0.19 -0.58 -0.20 -0.86 0.07
EPS (Diluted) -1.70 0.19 9.10 12.73 13.89 8.68 6.43 4.62 2.29 1.49 1.66 1.03 1.73 1.16 1.31 1.35 0.81 0.34 0.28 0.38 0.19 0.14 0.22 0.30 0.07 0.17 -0.58 -0.20 -0.86 0.07
Shares Outstanding 11.0 10.9 10.9 11.2 11.7 11.8 11.8 11.9 11.9 11.8 12.0 12.7 13.8 13.7 14.0 14.1 13.5 13.1 13.0 12.7 12.3 10.8 9.3 6.7 6.5 5.6 5.5 4.8 4.3 4.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996
Current Assets
Cash & Cash Equivalents 89.3 90.9 94.4 87.7 104.2 163.7 77.0 81.4 75.1 52.4 12.7 1.8 0.6 2.5 0.8 0.3 0.1 0.2 0.5 0.3 0.3
Short-Term Investments 78.0 71.4 55.6 0 5.4 10.8 15.7 19.7 23.8 24.4 3.6 1.1 2.6 4.0 0.4 0.3 0.2 0 0 0 0
Net Receivables 0 0 0 0 0 0.6 1.4 1.0 0.6 1.4 0.7 0.6 1.1 0.6 0.3 0.3 0.3 0.3 3.3 1.1 1.6
Inventory 20.2 42.4 54.6 118.9 180.0 53.4 48.8 38.9 19.3 18.3 11.2 13.9 4.3 3.0 1.3 0.6 0.6 0.5 2.7 2.4 3.9
Other Current Assets 9.1 0 0 16.2 16.3 (0.6) 0 0 0 0 0.7 3.3 0.3 0.9 1.1 0.4 0.3 0.0 0.4 0.3 0.5
Total Current Assets 201.7 214.4 224.0 222.8 306.9 234.3 154.2 145.5 125.2 101.3 35.0 21.2 10.0 12.0 4.1 1.9 1.5 1.0 7.0 4.0 6.2
Non-Current Assets
Property, Plant & Equipment 38.5 48.7 67.1 75.6 80.6 38.1 38.8 19.7 18.6 19.8 23.2 21.7 8.7 7.4 4.5 0.8 0.9 1.0 3.3 2.7 3.6
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5
Intangible Assets 0 0 0 0 0 0 0 0 0 0 4.1 5.5 7.1 4.4 0.6 0 0 0 0 0 0.1
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 7.8 9.7 14.7 12.5 6.5 2.9 0.4 1.2 2.1 0.2 0.4 1.4 0.1 0.4 0.0 0.2 0.2 0.1 0.1 0.2 0.9
Total Non-Current Assets 55.3 69.8 85.9 93.4 91.5 41.8 40.5 23.9 20.7 19.9 29.2 29.8 16.0 12.2 5.8 1.4 1.7 1.1 3.4 2.9 5.2
Total Assets 257.0 284.2 309.9 316.2 398.3 276.1 194.7 169.4 145.9 121.2 64.1 51.0 26.0 24.2 9.9 3.4 3.1 2.1 10.3 6.9 11.5
Current Liabilities
Account Payables 15.1 23.1 39.2 53.1 70.9 36.1 22.6 19.0 13.8 9.6 5.0 5.1 0.9 1.7 1.2 0.3 0.3 0.9 0 0 0
Short-Term Debt 4.6 0 0 0 0 0 0 0 0 0 0.8 3.4 0.8 0.8 0.4 0.1 0.4 0.9 0.7 0.3 2.0
Deferred Revenue 0.4 0.3 0.6 7.4 8.1 7.6 4.3 0 0 0 (0.4) 0.2 0 0 0 0 0 0 0 0 0
Other Current Liabilities 13.6 32.8 0 0 0 0 0 19.8 0 8.9 (0.0) (0.3) 0.7 0.1 0.0 0 0 0 2.7 1.6 2.2
Total Current Liabilities 43.0 64.2 92.3 140.9 169.8 111.3 79.4 60.3 37.1 24.4 5.8 8.6 2.5 2.6 1.6 0.4 0.7 1.8 3.4 2.0 4.3
Non-Current Liabilities
Long-Term Debt 6.1 0 0 0 0 0 0 0 0 0 5.4 4.3 4.3 4.6 2.7 0.2 0.6 0.5 4.1 2.2 0.7
Deferred Tax Liabilities 9.0 0 0 0 0 0 0 2.0 0.2 0.8 1.6 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities (6.1) 0 0 0 0 0 0 (2.0) 0 0 (1.2) 0 0 0 0 0.1 0.6 0 0.7 0.8 0.7
Total Non-Current Liabilities 15.1 9.9 16.1 20.3 26.0 7.5 10.4 2.0 0.2 0.8 5.4 4.3 4.3 4.6 2.7 0.4 1.2 0.5 4.8 3.0 1.6
Total Liabilities 58.1 74.1 108.4 161.2 195.9 118.8 89.8 60.3 37.3 25.2 11.2 12.9 6.8 7.2 4.3 0.8 1.9 2.3 8.2 4.9 5.9
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
Retained Earnings 158.3 176.8 174.6 139.9 190.3 154.4 168.8 131.3 103.8 93.5 27.2 15.3 (1.3) (3.0) (5.4) (7.8) (8.3) (9.4) (6.1) (5.1) (1.4)
Accumulated Other Comprehensive Income 0.2 0.2 0.2 0.0 0.1 0.0 0.0 (0.2) (0.2) (0.2) 0.2 (5.9) (0.0) (0.0) (1.5) (1.3) (1.1) (0.6) 0 0 0
Total Stockholders' Equity 198.9 210.1 201.5 155.0 202.5 157.2 104.8 109.1 108.6 96.0 52.9 38.2 19.2 17.1 5.6 2.5 1.2 (0.2) 2.1 2.0 5.6
Total Liabilities & Equity 257.0 284.2 309.9 316.2 398.3 276.1 194.7 169.4 145.9 121.2 64.1 51.0 26.0 24.2 9.9 3.4 3.1 2.1 10.3 6.9 11.5
Debt Metrics
Total Debt 16.8 16.1 22.0 26.1 32.5 11.2 13.6 0 0 0.8 6.2 7.7 5.1 5.4 3.1 0.3 0.9 1.4 4.8 2.5 2.9
Net Debt (72.5) (74.8) (72.4) (61.6) (71.6) (152.6) (63.4) (81.4) (75.1) (51.7) (6.5) 5.9 4.5 2.9 2.3 0.1 0.8 1.3 4.3 2.3 2.6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Operating Activities
Net Income (18.7) 2.1 99.4 143.6 164.0 102.9 77.9 55.8 27.7 17.8 2.7 1.7 2.4 2.6 0.6 1.3 (3.2) (0.9) (3.7) 0.3
Depreciation & Amortization 14.2 17.4 13.1 11.0 6.8 4.3 4.6 4.4 4.2 5.4 1.7 1.3 0.7 0.3 0.2 0.2 0.2 0.4 0.9 0.7
Stock-Based Compensation 7.6 7.4 8.2 11.1 9.9 6.8 4.5 3.1 4.3 3.4 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (9.8) (9.7) 20.3 21.7 (87.6) 26.9 (7.5) (0.5) 6.8 (4.2) (2.1) (1.3) (2.7) 0.3 (0.1) (0.7) 1.6 (1.7) 0.0 (1.1)
Other Non-Cash Items 2.0 14.8 5.5 8.2 5.2 3.7 3.1 0.6 0.9 5.7 0.5 0.1 0.2 0.1 0.0 (0.1) 1.2 0.2 0.9 (0.1)
Operating Cash Flow 6.9 24.5 147.7 194.6 94.5 145.2 84.3 60.8 43.2 25.4 3.2 2.3 1.7 2.5 0.7 (0.0) (0.1) (2.0) (1.9) (0.2)
Investing Activities
Capital Expenditure (5.6) (7.5) (6.5) (16.7) (34.2) (5.9) (10.1) (4.9) (3.2) (2.9) (1.7) (2.0) (3.3) (4.0) (0.0) (0.1) (0.0) (0.2) (0.2) (0.3)
Acquisitions 0 0 0 0 0 0 0 0.2 0.1 0.7 0 0 0 0.0 0 0 0 0 0 0
Purchases of Investments (84.4) (46.6) (54.6) 0 0 0 0 0 (7.0) (26.6) (0.1) (0.1) (4.0) (0.4) (0.2) (0.2) 0 0 0 0
Sales/Maturities of Investments 78.8 27.4 0 5.3 5.1 4.6 3.7 3.5 7.0 26.7 0 1.4 0.4 0.3 0.1 0 0 0 0 0
Other Investing Activities 3.3 0.1 0 0 0 0 0 0.2 0.1 0.7 (0.3) (3.3) (2.1) (0.5) 0 0 0 0.0 2.5 (0.7)
Investing Cash Flow (7.9) (26.5) (61.0) (11.4) (29.1) (1.3) (6.3) (1.2) (3.2) (2.0) (2.0) (3.9) (9.0) (4.6) (0.1) (0.3) (0.0) (0.2) 2.3 (0.9)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 (0.2) 0.1 (0.3) 2.3 2.8 (0.4) 0.2 0.2 1.6 (0.4) 0.2
Stock Repurchased (0.4) (0.8) (7.0) (128.0) (62.1) (5.6) (47.2) (30.7) (2.5) (1.3) (0.5) 0 (0.1) (0.2) (0.2) 0 0 0 0 0
Dividends Paid (0.2) (0.7) (73.0) (71.6) (63.9) (53.2) (35.4) (23.2) (15.4) (11.9) (0.0) (0.0) (0.0) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) 0
Other Financing Activities 0 0.0 0.2 0 0.8 1.6 0.3 0.5 0.6 0.5 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow (0.6) (1.5) (79.8) (199.6) (125.1) (57.1) (82.3) (53.3) (17.4) (12.9) (0.3) (0.3) 9.0 2.7 (0.3) 0.3 0.2 2.5 (0.5) 1.1
Cash Position
Net Change in Cash (1.6) (3.5) 6.7 (16.5) (59.5) 86.7 (4.4) 6.3 22.6 10.4 0.9 (1.9) 1.7 0.6 0.2 (0.1) 0.0 0.2 (0.0) (0.1)
Cash at Beginning 90.9 94.4 87.7 104.2 163.7 77.0 81.4 75.1 52.4 42.0 0.6 2.5 0.8 0.3 0.1 0.2 0.1 0.3 0.3 0.3
Cash at End 89.3 90.9 94.4 87.7 104.2 163.7 77.0 81.4 75.1 52.4 1.5 0.6 2.5 0.8 0.3 0.1 0.2 0.5 0.3 0.3
Free Cash Flow 1.2 17.0 141.2 177.9 60.3 139.3 74.2 55.9 40.0 22.5 1.5 0.3 (1.6) (1.5) 0.6 (0.1) (0.2) (2.2) (2.1) (0.5)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Income Statement
Revenue 385.8 602.5 1,072.1 1,598.6 1,526.1 934.8 713.7 501.0 301.6 274.5 272.8 285.3 356.9 356.7 298.2 0.3 165.6 105.4 83.8 74.1 40.1 27.3 25.4 12.3 5.0 3.9 4.7 15.9 14.4 16.5
Gross Profit 275.2 444.6 775.9 1,140.4 1,127.6 697.8 536.9 379.9 227.8 205.7 201.3 209.2 267.8 268.0 224.5 0.2 125.3 80.1 62.3 55.8 30.0 20.6 18.6 8.7 2.8 2.2 2.3 5.8 4.7 7.3
Operating Income (14.2) 2.9 126.4 184.8 216.2 134.2 91.0 69.1 39.6 26.9 28.7 30.2 33.6 23.3 27.4 0.0 19.4 8.2 5.7 8.1 4.1 3.0 3.6 1.8 0.7 0.3 (2.1) (0.8) (3.1) 0.4
Net Income (18.7) 2.1 99.4 143.6 164.0 102.9 77.9 55.8 27.7 17.8 20.1 13.2 24.0 15.9 18.5 0.0 12.0 5.4 3.8 5.1 2.7 1.7 2.4 2.6 0.6 1.3 (3.2) (0.9) (3.7) 0.3
EPS (Diluted) -1.70 0.19 9.10 12.73 13.89 8.68 6.43 4.62 2.29 1.49 1.66 1.03 1.73 1.16 1.31 1.35 0.81 0.34 0.28 0.38 0.19 0.14 0.22 0.30 0.07 0.17 -0.58 -0.20 -0.86 0.07
Balance Sheet
Cash & Equivalents 89.3 90.9 94.4 87.7 104.2 163.7 77.0 81.4 75.1 52.4 12.7 1.8 0.6 2.5 0.8 0.3 0.1 0.2 0.5 0.3 0.3
Total Assets 257.0 284.2 309.9 316.2 398.3 276.1 194.7 169.4 145.9 121.2 64.1 51.0 26.0 24.2 9.9 3.4 3.1 2.1 10.3 6.9 11.5
Total Debt 16.8 16.1 22.0 26.1 32.5 11.2 13.6 0 0 0.8 6.2 7.7 5.1 5.4 3.1 0.3 0.9 1.4 4.8 2.5 2.9
Stockholders' Equity 198.9 210.1 201.5 155.0 202.5 157.2 104.8 109.1 108.6 96.0 52.9 38.2 19.2 17.1 5.6 2.5 1.2 (0.2) 2.1 2.0 5.6
Cash Flow
Operating Cash Flow 6.9 24.5 147.7 194.6 94.5 145.2 84.3 60.8 43.2 25.4 3.2 2.3 1.7 2.5 0.7 (0.0) (0.1) (2.0) (1.9) (0.2)
Capital Expenditure (5.6) (7.5) (6.5) (16.7) (34.2) (5.9) (10.1) (4.9) (3.2) (2.9) (1.7) (2.0) (3.3) (4.0) (0.0) (0.1) (0.0) (0.2) (0.2) (0.3)
Free Cash Flow 1.2 17.0 141.2 177.9 60.3 139.3 74.2 55.9 40.0 22.5 1.5 0.3 (1.6) (1.5) 0.6 (0.1) (0.2) (2.2) (2.1) (0.5)