What is Freshpet, Inc.'s earnings per share (EPS)?

Freshpet, Inc. (FRPT) reported diluted earnings per share of $2.64 for fiscal year 2025. This represents a 183.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Freshpet, Inc. (FRPT) Financials

FRPT

Trailing 12 months to June 30, 2026

Revenue $1.2B +12.8% YoY

Net Income $203.5M +504.1% YoY

EPS (Diluted) $3.80 +467.2% YoY

Free Cash Flow $61.0M +963.8% YoY

Market Cap $3.1B as of Oct 8, 2026

Price / Sales 2.7x on $1.2B revenue, trailing 12 months to June 30, 2026

Price / Earnings 15.4x on $203.5M net income, trailing 12 months to June 30, 2026

Price / Book 2.5x on $1.2B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FRPT SEC filings page.

Freshpet, Inc. (FRPT) reported $1.2B in revenue over the twelve months to Jun 30, 2026, up 12.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FRPT FY2025 2026-10-03

Freshpet’s rapid growth has paired with sharply better margins, but heavy capital spending only recently stopped absorbing operating cash.

In FY2025, operating cash flow of $161M was nearly consumed by capital spending of $148M, leaving little cash after reinvestment. That follows FY2024’s negative free cash flow despite positive operating cash generation, showing that profitability is translating into cash while the asset build remains central to the business model.

Gross margin rose from 32.7% in FY2023 to 40.8% in FY2025, indicating that product economics improved before overhead was fully absorbed. Operating margin then shifted from -4.0% to 6.9%, showing the improvement reached operating profit as the cost structure caught up with growth.

FY2025 net income was $139M versus operating income of $75.7M, so the bottom-line improvement was not entirely operational. The reported tax benefit of $68.4M explains much of that gap, making operating income the cleaner measure of the underlying year’s operating progress.

Financial Health Signals

Financial Health Score 53/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Freshpet, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Freshpet, Inc. has an operating margin of 6.9%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is up from 3.9% the prior year.

Growth

Freshpet, Inc.'s revenue grew 13.0% year-over-year to $1.1B, a solid pace of expansion. This earns a growth score of 82/100.

Leverage

Freshpet, Inc. has a moderate D/E ratio of 0.47. This balance of debt and equity financing earns a leverage score of 62/100.

Liquidity

With a current ratio of 5.54, Freshpet, Inc. holds $5.54 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 93/100.

Cash Flow

While Freshpet, Inc. generated $160.6M in operating cash flow, capex of $148.2M consumed most of it, leaving $12.4M in free cash flow. This results in a low score of 16/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Freshpet, Inc.'s ROE of 11.5% shows moderate profitability relative to equity, earning a score of 30/100. This is up from 4.5% the prior year.

Altman Z-Score Safe

4.19

Freshpet, Inc. scores 4.19, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.1B) relative to total liabilities ($569.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

7/8

Freshpet, Inc. passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.15x

For every $1 of reported earnings, Freshpet, Inc. generates $1.15 in operating cash flow ($160.6M OCF vs $139.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

5.36x

Freshpet, Inc. earns $5.36 in operating income for every $1 of interest expense ($75.7M vs $14.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$305.6M

YoY+15.5%

QoQ+2.7%

5Y CAGR+23.0%

10Y CAGR+25.3%

Freshpet, Inc. generated $305.6M in revenue in Q2 2026. This represents an increase of 15.5% from the same quarter a year earlier. Against the prior quarter it is up 2.7%.

EBITDA

$45.6M

YoY+21.2%

QoQ+61.4%

5Y CAGR+123.7%

Freshpet, Inc.'s EBITDA was $45.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.2% from the same quarter a year earlier. Against the prior quarter it is up 61.4%.

Net Income

$19.5M

YoY+19.1%

QoQ-59.8%

Freshpet, Inc. reported $19.5M in net income in Q2 2026. This represents an increase of 19.1% from the same quarter a year earlier. Against the prior quarter it is down 59.8%.

EPS (Diluted)

$0.39

YoY+18.2%

QoQ-57.1%

Freshpet, Inc. earned $0.39 per diluted share (EPS) in Q2 2026. This represents an increase of 18.2% from the same quarter a year earlier. Against the prior quarter it is down 57.1%.

Cash & Balance Sheet

Free Cash Flow

$14.7M

YoY+3203.4%

QoQ+15.5%

Freshpet, Inc. generated $14.7M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 3203.4% from the same quarter a year earlier. Against the prior quarter it is up 15.5%.

Cash & Debt

$350.8M

YoY+44.0%

QoQ-8.0%

5Y CAGR+4.6%

10Y CAGR+70.2%

Freshpet, Inc. held $350.8M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

48M

YoY-1.5%

QoQ-2.2%

5Y CAGR+2.1%

10Y CAGR+3.6%

Freshpet, Inc. had 48M shares outstanding in Q2 2026. This represents a decrease of 1.5% from the same quarter a year earlier. Against the prior quarter it is down 2.2%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

42.1%

YoY+1.2pp

QoQ+1.6pp

5Y change+2.4pp

Freshpet, Inc.'s gross margin was 42.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.

Operating Margin

7.1%

YoY+0.4pp

QoQ+5.6pp

5Y change+13.1pp

10Y change+16.4pp

Freshpet, Inc.'s operating margin was 7.1% in Q2 2026, reflecting core business profitability. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.6 percentage points.

Net Margin

6.4%

YoY+0.2pp

QoQ-9.9pp

5Y change+13.3pp

10Y change+16.5pp

Freshpet, Inc.'s net profit margin was 6.4% in Q2 2026, showing the share of revenue converted to profit. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.9 percentage points.

Return on Equity

1.6%

YoY0.0pp

QoQ-2.3pp

5Y change+2.6pp

10Y change+4.8pp

Freshpet, Inc.'s ROE was 1.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 2.3 percentage points.

Capital Allocation

Capital Expenditures

$29.7M

YoY-11.1%

QoQ+7.7%

5Y CAGR-15.3%

10Y CAGR+13.7%

Freshpet, Inc. invested $29.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 7.7%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

FRPT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FRPT quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$1.2B	$1.1B+13.0%	$975.2M+27.2%	$766.9M+28.8%	$595.3M+39.9%	$425.5M+33.5%	$318.8M+29.7%	$245.9M+27.2%	$193.2M+26.8%	$152.4M+17.5%	$129.7M+11.6%	$116.2M+33.9%	$86.8M+37.4%	$63.2M+45.1%	$43.5M
Cost of Revenue	$690.3M	$652.4M+12.6%	$579.2M+12.2%	$516.0M+26.1%	$409.3M+55.4%	$263.3M+41.7%	$185.9M+41.2%	$131.7M+27.5%	$103.2M+29.1%	$79.9M+15.3%	$69.3M+12.7%	$61.5M+38.1%	$44.5M+23.9%	$36.0M+57.1%	$22.9M
Gross Profit	$487.0M	$449.6M+13.6%	$396.0M+57.8%	$250.9M+34.9%	$186.0M+14.7%	$162.1M+22.0%	$132.9M+16.4%	$114.2M+26.9%	$90.0M+24.3%	$72.4M+20.0%	$60.4M+10.5%	$54.6M+29.4%	$42.2M+55.3%	$27.2M+31.8%	$20.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	$800K-33.3%	$1.2M+140.0%	$500K+75.7%	$285K-39.5%	$470K	N/A	N/A	N/A	N/A
SG&A Expenses	$391.6M	$374.0M+4.5%	$358.0M+27.2%	$281.3M+18.2%	$238.0M+27.4%	$186.8M+38.5%	$134.9M+17.9%	$114.5M+20.6%	$94.9M+26.2%	$75.2M+20.1%	$62.6M+7.4%	$58.3M+20.7%	$48.3M+22.0%	$39.6M+11.8%	$35.4M
Operating Income	$95.4M	$75.7M+99.1%	$38.0M+224.8%	-$30.4M+41.4%	-$52.0M-110.8%	-$24.7M-1134.4%	-$2.0M-689.7%	-$253K+94.8%	-$4.9M-77.6%	-$2.8M-24.2%	-$2.2M+39.3%	-$3.6M+40.0%	-$6.1M+50.9%	-$12.4M+16.0%	-$14.7M
EBITDA	N/A	$162.1M+50.8%	$107.5M+287.8%	$27.7M+257.1%	-$17.7M-467.4%	$4.8M-74.5%	$18.8M+22.5%	$15.3M+72.2%	$8.9M-10.3%	$9.9M+29.6%	$7.7M+95.4%	$3.9M+1039.6%	$344K+105.4%	-$6.4M+35.8%	-$10.0M
Interest Expense	$14.0M	$14.1M+15.2%	$12.3M-13.0%	$14.1M+170.7%	$5.2M+80.7%	$2.9M+137.8%	$1.2M+22.3%	$991K+234.8%	$296K-67.5%	$910K+30.4%	$698K+53.6%	$455K-90.1%	$4.6M+32.1%	$3.5M+113.2%	$1.6M
Income Tax	-$45.2M	-$68.4M-11532.1%	$598K+184.8%	$210K-25.5%	$282K+74.1%	$162K+149.2%	$65K-54.9%	$144K+87.0%	$77K+2.4%	$75K+14.4%	$66K+14.3%	$58K+37.8%	$42K+32.4%	$32K-3.8%	$33K
Net Income	$203.5M	$139.1M+196.5%	$46.9M+239.6%	-$33.6M+43.5%	-$59.5M-100.3%	-$29.7M-831.6%	-$3.2M-130.5%	-$1.4M+74.2%	-$5.4M-25.8%	-$4.3M-34.9%	-$3.2M+14.8%	-$3.7M+90.1%	-$37.3M-72.2%	-$21.7M-16.2%	-$18.7M
EPS (Basic)	N/A	$2.85+193.8%	$0.97+238.6%	-$0.70+45.7%	-$1.29-87.0%	-$0.69-762.5%	-$0.08-100.0%	-$0.04+73.3%	-$0.15-25.0%	-$0.12-33.3%	-$0.09+18.2%	-$0.11+98.9%	-$9.63-230.9%	-$2.91-13.7%	-$2.56
EPS (Diluted)	$3.80	$2.64+183.9%	$0.93+232.9%	-$0.70+45.7%	-$1.29-87.0%	-$0.69-762.5%	-$0.08-100.0%	-$0.04+73.3%	-$0.15-25.0%	-$0.12-33.3%	-$0.09+18.2%	-$0.11	-$9.63	-$2.91-13.7%	-$2.56
Diluted Shares (Avg)	N/A	56M+11.5%	50M+4.3%	48M+4.3%	46M+7.6%	43M+8.0%	40M+110492.5%	35,950-99.9%	35M+2.4%	34M+2.4%	34M+0.5%	33M	14M	10M0.0%	10M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$305.6M+15.5%	$297.6M+13.1%	$285.2M+8.6%	$288.8M+14.0%	$264.7M+12.5%	$263.2M+17.6%	$262.7M+22.0%	$253.4M+26.3%
Cost of Revenue	$176.9M+13.0%	$177.0M+11.0%	$161.8M+7.1%	$174.7M+15.6%	$156.5M+10.8%	$159.5M+17.5%	$151.1M+7.3%	$151.1M+12.5%
Gross Profit	$128.7M+19.0%	$120.7M+16.3%	$123.5M+10.6%	$114.2M+11.7%	$108.2M+15.2%	$103.8M+17.7%	$111.6M+49.6%	$102.2M+54.2%
SG&A Expenses	$107.0M+18.4%	$116.3M+0.9%	$79.0M-14.3%	$89.3M-1.2%	$90.4M-5.6%	$115.3M+44.7%	$92.2M+54.5%	$90.3M+23.1%
Operating Income	$21.7M+21.9%	$4.3M+137.7%	$44.5M+129.5%	$24.9M+109.1%	$17.8M+1117.4%	-$11.5M-235.9%	$19.4M+30.1%	$11.9M+268.3%
EBITDA	$45.6M+21.2%	$28.3M+200.1%	$66.5M+79.9%	$48.5M+58.0%	$37.7M+142.0%	$9.4M-61.2%	$36.9M+19.3%	$30.7M+229.7%
Interest Expense	$3.5M-7.1%	$3.6M+3.7%	$3.4M-4.8%	$3.6M+21.5%	$3.7M+36.3%	$3.5M+13.0%	$3.5M+2.3%	$2.9M-29.5%
Income Tax	$6.1M+6087.3%	$17.1M+12685.8%	$9.6M+2093.1%	-$78.0M-144466.7%	-$102K-288.9%	$134K+148.1%	$436K	$54K-22.9%
Net Income	$19.5M+19.1%	$48.5M+482.0%	$33.8M+86.6%	$101.7M+754.7%	$16.4M+1065.5%	-$12.7M-168.3%	$18.1M+18.5%	$11.9M+266.0%
EPS (Basic)	$0.40+17.6%	$0.99+480.8%	$0.69+81.6%	$2.08+732.0%	$0.34+1233.3%	-$0.26-168.4%	$0.38+18.8%	$0.25+266.7%
EPS (Diluted)	$0.39+18.2%	$0.91+450.0%	$0.64+77.8%	$1.86+675.0%	$0.33+1200.0%	-$0.26-170.3%	$0.36+12.5%	$0.24+260.0%
Diluted Shares (Avg)	56M+11.2%	56M+15.0%	N/A	56M+11.1%	50M+3.6%	49M-2.6%	N/A	50M+4.3%

Not reported in any period shown, so not listed: R&D Expenses.

FRPT Balance Sheet

FRPT quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$1.8B+12.9%	$1.6B+7.5%	$1.5B+30.1%	$1.1B+43.5%	$784.4M+80.6%	$434.4M+84.0%	$236.1M+68.7%	$140.0M+4.5%	$133.9M+5.9%	$126.5M+11.8%	$113.1M+0.6%	$112.5M+79.6%	$62.6M	N/A
Current Assets	$435.7M-0.3%	$437.0M+2.3%	$427.3M+63.1%	$262.0M+74.3%	$150.3M+37.8%	$109.1M+100.8%	$54.3M+75.5%	$31.0M+14.8%	$27.0M+40.1%	$19.2M-24.2%	$25.4M-49.4%	$50.2M+331.9%	$11.6M	N/A
Cash & Equivalents	$278.0M+3.5%	$268.6M-9.5%	$296.9M+123.7%	$132.7M+82.4%	$72.8M+8.2%	$67.2M+610.0%	$9.5M+25.4%	$7.6M+245.9%	$2.2M-44.1%	$3.9M-51.3%	$8.0M-77.9%	$36.3M+1383.1%	$2.4M+49.7%	$1.6M
Short-Term Investments	$0	$0	$0-100.0%	$20.0M	$0	$0	$0	$0	$0	$0-100.0%	$3.3M	$0	$0	$0
Inventory	$76.8M-5.0%	$80.8M+27.8%	$63.2M+8.5%	$58.3M+63.9%	$35.6M+86.1%	$19.1M+52.4%	$12.5M+34.6%	$9.3M-7.9%	$10.1M+87.3%	$5.4M-21.2%	$6.9M-6.3%	$7.3M+32.7%	$5.5M	N/A
Accounts Receivable	$63.8M-6.8%	$68.4M+20.6%	$56.8M-1.4%	$57.6M+65.5%	$34.8M+88.6%	$18.4M-0.8%	$18.6M+50.7%	$12.3M-3.1%	$12.7M+43.2%	$8.9M+26.4%	$7.0M+31.2%	$5.4M+53.3%	$3.5M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$569.1M+9.5%	$519.5M+1.7%	$511.0M+444.7%	$93.8M+45.1%	$64.7M+60.8%	$40.2M-61.6%	$104.9M+467.1%	$18.5M+8.8%	$17.0M-9.0%	$18.7M+104.1%	$9.1M+0.9%	$9.1M-95.3%	$193.7M	N/A
Current Liabilities	$78.6M-20.5%	$98.9M+10.8%	$89.2M-0.4%	$89.6M+52.0%	$58.9M+78.0%	$33.1M-21.1%	$42.0M+130.5%	$18.2M+9.1%	$16.7M-10.6%	$18.7M+104.1%	$9.1M+0.9%	$9.1M+10.7%	$8.2M	N/A
Non-Current Liabilities	$490.5M+16.6%	$420.6M-0.3%	$421.7M+9941.5%	$4.2M-26.4%	$5.7M-19.6%	$7.1M-88.7%	$62.9M+22895.8%	$273K-10.3%	$305K	$0	$0-100.0%	$9.1M-90.2%	$92.5M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	$0	$0-100.0%	$54.5M	N/A	N/A	N/A	N/A	N/A	$1.1M	N/A
Total Equity	$1.2B+14.5%	$1.1B+10.7%	$953.5M-7.6%	$1.0B+43.3%	$719.8M+82.6%	$394.2M+200.3%	$131.3M+8.1%	$121.5M+3.9%	$116.9M+8.5%	$107.8M+3.7%	$104.0M+0.5%	$103.4M+178.9%	-$131.1M-28.7%	-$101.8M
Retained Earnings	-$142.7M+49.4%	-$281.8M+14.3%	-$328.7M-11.4%	-$295.1M-25.2%	-$235.6M-14.4%	-$205.9M-1.6%	-$202.7M-0.7%	-$201.4M-2.7%	-$196.0M-2.2%	-$191.7M-1.7%	-$188.6M-2.0%	-$184.9M-25.3%	-$147.5M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.8B+10.0%	$1.8B+18.0%	$1.8B+12.9%	$1.7B+14.0%	$1.6B+9.4%	$1.6B+5.3%	$1.6B+7.5%	$1.5B+6.0%
Current Assets	$517.1M+26.4%	$541.8M+33.6%	$435.7M-0.3%	$423.6M+0.5%	$409.2M+1.0%	$405.4M-0.4%	$437.0M+2.3%	$421.3M-8.9%
Cash & Equivalents	$350.8M+44.0%	$381.4M+56.5%	$278.0M+3.5%	$274.6M0.0%	$243.7M-3.2%	$243.7M-5.5%	$268.6M-9.5%	$274.6M-18.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%
Inventory	$86.7M-4.2%	$80.6M-1.7%	$76.8M-5.0%	$69.8M-4.0%	$90.6M+23.7%	$82.0M+14.1%	$80.8M+27.8%	$72.8M+23.2%
Accounts Receivable	$65.4M+8.3%	$65.4M+4.3%	$63.8M-6.8%	$64.3M-1.1%	$60.4M-11.4%	$62.7M-8.5%	$68.4M+20.6%	$65.0M+19.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$574.7M-0.2%	$577.1M+13.3%	$569.1M+9.5%	$567.1M+11.1%	$575.8M+12.8%	$509.5M+1.4%	$519.5M+1.7%	$510.3M+0.9%
Current Liabilities	$85.5M+0.6%	$87.6M+6.1%	$78.6M-20.5%	$76.7M-14.0%	$85.0M-5.6%	$82.6M+0.8%	$98.9M+10.8%	$89.2M+6.5%
Non-Current Liabilities	$489.2M-0.3%	$489.5M+14.6%	$490.5M+16.6%	$490.4M+16.5%	$490.9M+16.7%	$427.0M+1.5%	$420.6M-0.3%	$421.0M-0.2%
Total Equity	$1.2B+15.5%	$1.3B+20.3%	$1.2B+14.5%	$1.2B+15.4%	$1.1B+7.6%	$1.0B+7.3%	$1.1B+10.7%	$1.0B+8.8%
Retained Earnings	-$74.7M+73.2%	-$94.2M+68.0%	-$142.7M+49.4%	-$176.5M+41.2%	-$278.1M+10.8%	-$294.5M+5.0%	-$281.8M+14.3%	-$299.9M+12.8%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

FRPT Cash Flow Statement

FRPT quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$206.6M	$160.6M+4.1%	$154.3M+103.2%	$75.9M+275.7%	-$43.2M-6781.1%	$647K-96.9%	$21.2M+29.9%	$16.3M-12.2%	$18.6M+80.9%	$10.3M-19.8%	$12.8M+89.9%	$6.7M+184.0%	-$8.0M+28.6%	-$11.2M-29.0%	-$8.7M
Depreciation & Amortization	N/A	$86.4M+24.3%	$69.5M+19.5%	$58.2M+69.4%	$34.3M+16.5%	$29.5M+41.6%	$20.8M+33.4%	$15.6M+13.0%	$13.8M+8.7%	$12.7M+28.4%	$9.9M+30.5%	$7.6M+17.9%	$6.4M+8.1%	$5.9M+25.7%	$4.7M
Stock-Based Compensation	N/A	$13.9M-73.2%	$51.8M+107.8%	$24.9M-4.4%	$26.1M+4.4%	$25.0M+128.8%	$10.9M+39.5%	$7.8M+15.1%	$6.8M+53.4%	$4.4M+5.8%	$4.2M+6.9%	$3.9M+150.9%	$1.6M+59.9%	$978K-12.5%	$1.1M
Capital Expenditures	$145.6M	$148.2M-20.8%	$187.1M-21.7%	$239.1M+3.9%	$230.1M-28.6%	$322.1M+139.4%	$134.6M+90.5%	$70.6M+334.0%	$16.3M+25.1%	$13.0M-56.6%	$30.0M+10.9%	$27.0M+57.7%	$17.1M-30.5%	$24.6M-6.6%	$26.4M
Free Cash Flow	$61.0M	$12.4M+137.7%	-$32.8M+79.9%	-$163.2M+40.3%	-$273.3M+15.0%	-$321.5M-183.5%	-$113.4M-108.7%	-$54.3M-2460.5%	$2.3M+184.2%	-$2.7M+84.1%	-$17.2M+15.4%	-$20.3M+19.4%	-$25.2M+29.9%	-$35.9M-2.2%	-$35.1M
Investing Cash Flow	-$45.6M	-$148.2M+20.8%	-$187.1M+21.7%	-$239.1M-2.5%	-$233.4M+27.5%	-$322.1M-98.3%	-$162.5M-130.0%	-$70.6M-334.0%	-$16.3M-25.1%	-$13.0M+51.3%	-$26.7M	N/A	N/A	N/A	N/A
Financing Cash Flow	-$53.9M	-$3.0M-166.5%	$4.6M-98.6%	$327.3M-2.7%	$336.5M+2.9%	$327.0M+64.3%	$199.0M+254.0%	$56.2M+1732.3%	$3.1M+204.0%	$1.0M-89.7%	$9.8M	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$256K	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$44.4M+31.1%	$40.3M+739.0%	$55.1M+9.4%	$66.8M+19.0%	$33.9M-20.1%	$4.8M-11.1%	$50.4M+36.2%	$56.1M+43.1%
Depreciation & Amortization	$23.9M+20.5%	$23.9M+14.4%	$22.0M+25.2%	$23.6M+25.6%	$19.9M+14.7%	$20.9M+32.3%	$17.6M+34.8%	$18.8M+14.8%
Stock-Based Compensation	$6.4M+2.6%	$9.1M+3.6%	N/A	$5.2M-56.9%	$6.2M-66.8%	$8.8M+41.7%	N/A	$12.1M+69.8%
Capital Expenditures	$29.7M-11.1%	$27.6M+4.2%	$53.0M-8.9%	$35.2M+3.4%	$33.4M-30.8%	$26.5M-43.0%	$58.3M-24.8%	$34.0M-42.4%
Free Cash Flow	$14.7M+3203.4%	$12.7M+158.7%	$2.1M+126.0%	$31.6M+43.0%	$445K+107.5%	-$21.7M+47.2%	-$7.9M+80.5%	$22.1M+210.7%
Investing Cash Flow	-$25.2M+24.7%	$67.9M+356.2%	-$53.0M+8.9%	-$35.2M-3.4%	-$33.4M+30.8%	-$26.5M+43.0%	-$58.3M+24.8%	-$34.0M-162.7%
Financing Cash Flow	-$49.8M-10003.7%	-$4.8M-48.7%	$1.3M-31.3%	-$653K-178.9%	-$493K-72.4%	-$3.2M-253.9%	$1.9M+355.5%	$828K+49.5%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

FRPT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FRPT quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	40.8%+0.2pp	40.6%+7.9pp	32.7%+1.5pp	31.3%-6.9pp	38.1%-3.6pp	41.7%-4.8pp	46.5%-0.1pp	46.6%-1.0pp	47.5%+1.0pp	46.5%-0.5pp	47.0%-1.6pp	48.7%+5.6pp	43.1%-4.4pp	47.4%
Operating Margin	6.9%+3.0pp	3.9%+7.9pp	-4.0%+4.8pp	-8.7%-2.9pp	-5.8%-5.2pp	-0.6%-0.5pp	-0.1%+2.4pp	-2.5%-0.7pp	-1.8%-0.1pp	-1.7%+1.4pp	-3.1%+3.9pp	-7.0%+12.6pp	-19.6%+14.3pp	-33.9%
Net Margin	12.6%+7.8pp	4.8%+9.2pp	-4.4%+5.6pp	-10.0%-3.0pp	-7.0%-6.0pp	-1.0%-0.4pp	-0.6%+2.2pp	-2.8%0.0pp	-2.8%-0.4pp	-2.4%+0.7pp	-3.2%+39.9pp	-43.0%-8.7pp	-34.3%+8.5pp	-42.9%
Return on Equity	11.5%+7.1pp	4.5%+8.0pp	-3.5%+2.2pp	-5.8%-1.6pp	-4.1%-3.3pp	-0.8%+0.2pp	-1.1%+3.4pp	-4.4%-0.8pp	-3.6%-0.7pp	-2.9%+0.6pp	-3.6%+32.5pp	-36.1%	N/A	N/A
Return on Assets	7.8%+4.8pp	3.0%+5.3pp	-2.3%+3.0pp	-5.3%-1.5pp	-3.8%-3.1pp	-0.7%-0.1pp	-0.6%+3.2pp	-3.8%-0.6pp	-3.2%-0.7pp	-2.5%+0.8pp	-3.3%+29.9pp	-33.2%+1.4pp	-34.6%	N/A
Current Ratio	5.54+1.1x	4.42-0.4x	4.79+1.9x	2.92+0.4x	2.55-0.7x	3.29+2.0x	1.29-0.4x	1.70+0.1x	1.61+0.6x	1.03-1.7x	2.78-2.8x	5.54+4.1x	1.42	N/A
Debt-to-Equity	0.470.0x	0.490.0x	0.54+0.4x	0.09+0.1x	0.000.0x	0.00-0.4x	0.41+0.3x	0.150.0x	0.150.0x	0.17+0.1x	0.090.0x	0.09	N/A	N/A
Asset Turnover	0.620.0x	0.62+0.1x	0.520.0x	0.530.0x	0.54-0.2x	0.73-0.3x	1.04-0.3x	1.38+0.2x	1.14+0.1x	1.030.0x	1.03+0.3x	0.77-0.2x	1.01	N/A
FCF Margin	1.1%+4.5pp	-3.4%+17.9pp	-21.3%+24.6pp	-45.9%+29.6pp	-75.5%-40.0pp	-35.6%-13.5pp	-22.1%-23.3pp	1.2%+3.0pp	-1.8%+11.4pp	-13.2%+4.2pp	-17.4%+11.5pp	-29.0%+27.8pp	-56.8%+23.9pp	-80.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	42.1%+1.2pp	40.5%+1.1pp	43.3%+0.8pp	39.5%-0.8pp	40.9%+0.9pp	39.4%+0.1pp	42.5%+7.9pp	40.4%+7.3pp
Operating Margin	7.1%+0.4pp	1.5%+5.8pp	15.6%+8.2pp	8.6%+3.9pp	6.7%+7.5pp	-4.4%-8.2pp	7.4%+0.5pp	4.7%+8.2pp
Net Margin	6.4%+0.2pp	16.3%+21.1pp	11.9%+5.0pp	35.2%+30.5pp	6.2%+6.9pp	-4.8%-13.1pp	6.9%-0.2pp	4.7%+8.3pp
Return on Equity	1.6%0.0pp	3.8%+5.0pp	2.8%+1.1pp	8.6%+7.5pp	1.5%+1.7pp	-1.2%-3.1pp	1.7%+0.1pp	1.2%+1.9pp
Return on Assets	1.1%+0.1pp	2.6%+3.5pp	1.9%+0.8pp	5.8%+5.0pp	1.0%+1.1pp	-0.8%-2.1pp	1.1%+0.1pp	0.8%+1.3pp
Current Ratio	6.05+1.2x	6.18+1.3x	5.54+1.1x	5.52+0.8x	4.81+0.3x	4.91-0.1x	4.42-0.4x	4.72-0.8x
Debt-to-Equity	0.46-0.1x	0.460.0x	0.470.0x	0.480.0x	0.540.0x	0.490.0x	0.490.0x	0.500.0x
Asset Turnover	0.170.0x	0.160.0x	0.160.0x	0.170.0x	0.160.0x	0.170.0x	0.170.0x	0.170.0x
FCF Margin	4.8%+4.6pp	4.3%+12.5pp	0.7%+3.7pp	10.9%+2.2pp	0.2%+2.7pp	-8.2%+10.1pp	-3.0%+15.8pp	8.7%+18.6pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Freshpet, Inc. FRPT	FY2025	$1.1B	$139.1M	12.6%	$3.1B	53/100
The Simply Good Foods Company SMPL	FY2025	$1.5B	$103.6M	7.1%	$874.9M	69/100
Flowers Foods, Inc. FLO	FY2025	$5.3B	$83.8M	1.6%	$1.2B	37/100
Central Garden and Pet Co CENT	FY2025	$3.1B	$162.8M	5.2%	$2.5B	59/100
Central Garden & Pet Company CENTA	FY2025	$3.1B	$162.8M	5.2%	$2.2B	59/100

Where Freshpet, Inc. Ranks

Frequently Asked Questions

What is Freshpet, Inc.'s annual revenue?

Freshpet, Inc. (FRPT) reported $1.1B in total revenue for fiscal year 2025. This represents a 13.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Freshpet, Inc.'s revenue growing?

Freshpet, Inc. (FRPT) revenue grew by 13.0% year-over-year, from $975.2M to $1.1B in fiscal year 2025.

Is Freshpet, Inc. profitable?

Yes, Freshpet, Inc. (FRPT) reported a net income of $139.1M in fiscal year 2025, with a net profit margin of 12.6%.

What is Freshpet, Inc.'s EBITDA?

Freshpet, Inc. (FRPT) had EBITDA of $162.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Freshpet, Inc.'s gross margin?

Freshpet, Inc. (FRPT) had a gross margin of 40.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Freshpet, Inc.'s operating margin?

Freshpet, Inc. (FRPT) had an operating margin of 6.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Freshpet, Inc.'s net profit margin?

Freshpet, Inc. (FRPT) had a net profit margin of 12.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Freshpet, Inc.'s return on equity (ROE)?

Freshpet, Inc. (FRPT) has a return on equity of 11.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Freshpet, Inc.'s free cash flow?

Freshpet, Inc. (FRPT) generated $12.4M in free cash flow during fiscal year 2025. This represents a 137.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Freshpet, Inc.'s operating cash flow?

Freshpet, Inc. (FRPT) generated $160.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Freshpet, Inc.'s total assets?

Freshpet, Inc. (FRPT) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Freshpet, Inc.'s capital expenditures?

Freshpet, Inc. (FRPT) invested $148.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Freshpet, Inc. have outstanding?

Freshpet, Inc. (FRPT) had 49M shares outstanding as of fiscal year 2025.

What is Freshpet, Inc.'s current ratio?

Freshpet, Inc. (FRPT) had a current ratio of 5.54 as of fiscal year 2025, which is generally considered healthy.

What is Freshpet, Inc.'s debt-to-equity ratio?

Freshpet, Inc. (FRPT) had a debt-to-equity ratio of 0.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Freshpet, Inc.'s return on assets (ROA)?

Freshpet, Inc. (FRPT) had a return on assets of 7.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Freshpet, Inc.'s P/E ratio?

Freshpet, Inc. (FRPT) trades at 15.4x earnings, its market capitalization divided by net income of $203.5M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.1B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Freshpet, Inc.'s price-to-sales ratio?

Freshpet, Inc. (FRPT) trades at 2.7x sales, its market capitalization divided by revenue of $1.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.1B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Freshpet, Inc.'s Altman Z-Score?

Freshpet, Inc. (FRPT) has an Altman Z-Score of 4.19, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Freshpet, Inc.'s Piotroski F-Score?

Freshpet, Inc. (FRPT) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Freshpet, Inc.'s earnings high quality?

Freshpet, Inc. (FRPT) has an earnings quality ratio of 1.15x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Freshpet, Inc. cover its interest payments?

Freshpet, Inc. (FRPT) has an interest coverage ratio of 5.36x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Freshpet, Inc.?

Freshpet, Inc. (FRPT) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.