Treehouse Foods Financials
This page shows Treehouse Foods (THS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Treehouse Foods has an operating margin of 3.1%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 15/100, suggesting thin profitability after operating expenses. This is down from 4.3% the prior year.
Treehouse Foods's revenue declined 2.3% year-over-year, from $3.4B to $3.4B. This contraction results in a growth score of 22/100.
Treehouse Foods carries a low D/E ratio of 0.91, meaning only $0.91 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.
Treehouse Foods's current ratio of 1.36 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.
Treehouse Foods generates a 1.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 7/100. This is down from 3.2% the prior year.
Treehouse Foods scores 1.23, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Treehouse Foods passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Treehouse Foods generates $9.88 in operating cash flow ($265.8M OCF vs $26.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Treehouse Foods earns $1.6 in operating income for every $1 of interest expense ($103.1M vs $63.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Treehouse Foods generated $3.4B in revenue in fiscal year 2024. This represents a decrease of 2.3% from the prior year.
Treehouse Foods's EBITDA was $250.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.4% from the prior year.
Treehouse Foods reported $26.9M in net income in fiscal year 2024. This represents a decrease of 49.3% from the prior year.
Treehouse Foods earned $0.51 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 45.7% from the prior year.
Treehouse Foods held $289.6M in cash against $1.4B in long-term debt as of fiscal year 2024.
Treehouse Foods had 50M shares outstanding in fiscal year 2024. This represents a decrease of 7.2% from the prior year.
Treehouse Foods's gross margin was 16.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Treehouse Foods's operating margin was 3.1% in fiscal year 2024, reflecting core business profitability. This is down 1.2 percentage points from the prior year.
Treehouse Foods's net profit margin was 0.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.
Treehouse Foods's ROE was 1.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the prior year.
Treehouse Foods invested $13.9M in research and development in fiscal year 2024. This represents an increase of 6.9% from the prior year.
Treehouse Foods spent $149.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 49.7% from the prior year.
THS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $840.3M+5.3% | $798.0M+0.8% | $792.0M-12.6% | $905.7M+14.9% | $788.5M-3.9% | $820.7M-9.9% | $910.8M+5.5% | $863.3M |
| Cost of Revenue | $682.4M+3.6% | $658.8M-2.7% | $676.8M-7.1% | $728.8M+10.4% | $660.2M-6.8% | $708.7M-6.6% | $759.0M+4.6% | $725.8M |
| Gross Profit | $157.9M+13.4% | $139.2M+20.8% | $115.2M-34.9% | $176.9M+37.9% | $128.3M+14.6% | $112.0M-26.2% | $151.8M+10.4% | $137.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $45.3M-11.7% | $51.3M-7.9% | $55.7M+32.6% | $42.0M-22.5% | $54.2M-2.9% | $55.8M+13.2% | $49.3M+3.8% | $47.5M |
| Operating Income | -$254.1M-1030.8% | $27.3M+596.4% | -$5.5M-106.8% | $80.5M+2112.5% | -$4.0M+23.1% | -$5.2M-112.4% | $42.1M+25.3% | $33.6M |
| Interest Expense | $23.9M+7.7% | $22.2M+15.0% | $19.3M+19.1% | $16.2M+3.8% | $15.6M0.0% | $15.6M-7.7% | $16.9M-19.1% | $20.9M |
| Income Tax | -$1.7M+37.0% | -$2.7M+77.1% | -$11.8M-179.2% | $14.9M+454.8% | -$4.2M-16.7% | -$3.6M-181.8% | $4.4M+18.9% | $3.7M |
| Net Income | -$265.8M-9065.5% | -$2.9M+90.9% | -$31.8M-154.2% | $58.7M+451.5% | -$16.7M-42.7% | -$11.7M-256.0% | $7.5M+5.6% | $7.1M |
| EPS (Diluted) | $-5.26-8666.7% | $-0.06+90.5% | $-0.63-156.2% | $1.12+450.0% | $-0.32-45.5% | $-0.22-257.1% | $0.14+7.7% | $0.13 |
THS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.8B-6.6% | $4.0B+3.0% | $3.9B-1.3% | $4.0B+1.9% | $3.9B-1.4% | $4.0B-3.5% | $4.1B-4.9% | $4.3B |
| Current Assets | $968.6M+6.7% | $908.1M+17.1% | $775.5M-23.2% | $1.0B+8.8% | $928.3M-2.8% | $955.3M-9.4% | $1.1B+26.2% | $836.0M |
| Cash & Equivalents | $21.0M+22.8% | $17.1M+4.3% | $16.4M-94.3% | $289.6M+173.7% | $105.8M-44.8% | $191.8M-40.1% | $320.3M+1525.9% | $19.7M |
| Inventory | $668.2M+5.3% | $634.8M+7.7% | $589.2M+9.3% | $539.3M-9.0% | $592.4M+9.2% | $542.3M+1.6% | $534.0M-13.7% | $618.7M |
| Accounts Receivable | $221.7M+3.9% | $213.3M-24.5% | $282.5M-24.7% | $375.0M+62.6% | $230.6M-5.2% | $243.2M-29.3% | $343.8M+8.0% | $318.4M |
| Goodwill | $1.6B-15.4% | $1.9B+0.2% | $1.9B+3.8% | $1.8B-0.2% | $1.8B0.0% | $1.8B-0.1% | $1.8B+0.1% | $1.8B |
| Total Liabilities | $2.5B-0.2% | $2.5B+4.6% | $2.4B-0.9% | $2.4B+3.2% | $2.4B+0.1% | $2.4B-3.6% | $2.4B-6.9% | $2.6B |
| Current Liabilities | $748.8M+4.0% | $720.2M+5.8% | $680.7M-8.6% | $744.9M+15.4% | $645.7M+2.6% | $629.3M-10.6% | $704.3M-2.5% | $722.3M |
| Long-Term Debt | $1.5B-0.2% | $1.5B+5.5% | $1.4B+1.8% | $1.4B0.0% | $1.4B0.0% | $1.4B0.0% | $1.4B-10.0% | $1.6B |
| Total Equity | $1.3B-17.2% | $1.5B+0.4% | $1.5B-1.9% | $1.5B-0.1% | $1.6B-3.6% | $1.6B-3.4% | $1.7B-1.8% | $1.7B |
| Retained Earnings | -$522.5M-103.5% | -$256.7M-1.1% | -$253.8M-14.3% | -$222.0M+19.9% | -$277.3M-6.4% | -$260.6M-4.7% | -$248.9M+2.9% | -$256.4M |
THS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $38.2M+180.9% | -$47.2M+11.8% | -$53.5M-118.1% | $296.2M+1626.8% | -$19.4M+63.0% | -$52.4M-135.6% | $147.0M+144.6% | $60.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | $22.8M-19.4% | $28.3M-54.9% | $62.7M+213.5% | $20.0M |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$42.2M+47.7% | -$80.7M-195.7% | $84.3M+110.2% | $40.1M |
| Investing Cash Flow | -$22.9M+16.4% | -$27.4M+88.1% | -$231.1M-380.5% | -$48.1M-122.7% | -$21.6M+23.1% | -$28.1M-107.8% | $360.5M+841.3% | $38.3M |
| Financing Cash Flow | -$13.4M-117.2% | $78.0M+596.4% | $11.2M+118.1% | -$62.0M-37.5% | -$45.1M+5.6% | -$47.8M+76.8% | -$206.2M-118.2% | -$94.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0-100.0% | $61.0M+36.2% | $44.8M+2.1% | $43.9M-12.2% | $50.0M0.0% | $50.0M |
THS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.8%+1.4pp | 17.4%+2.9pp | 14.5%-5.0pp | 19.5%+3.3pp | 16.3%+2.6pp | 13.7%-3.0pp | 16.7%+0.7pp | 15.9% |
| Operating Margin | -30.2%-33.7pp | 3.4%+4.1pp | -0.7%-9.6pp | 8.9%+9.4pp | -0.5%+0.1pp | -0.6%-5.3pp | 4.6%+0.7pp | 3.9% |
| Net Margin | -31.6%-31.3pp | -0.4%+3.7pp | -4.0%-10.5pp | 6.5%+8.6pp | -2.1%-0.7pp | -1.4%-2.3pp | 0.8%0.0pp | 0.8% |
| Return on Equity | N/A | N/A | N/A | 3.8% | N/A | N/A | 0.4%+0.0pp | 0.4% |
| Return on Assets | -7.0%-7.0pp | -0.1%+0.7pp | -0.8%-2.3pp | 1.5%+1.9pp | -0.4%-0.1pp | -0.3%-0.5pp | 0.2%+0.0pp | 0.2% |
| Current Ratio | 1.29+0.0 | 1.26+0.1 | 1.14-0.2 | 1.36-0.1 | 1.44-0.1 | 1.52+0.0 | 1.50+0.3 | 1.16 |
| Debt-to-Equity | 1.19+0.2 | 0.99+0.0 | 0.94+0.0 | 0.910.0 | 0.91+0.0 | 0.87+0.0 | 0.84-0.1 | 0.92 |
| FCF Margin | N/A | N/A | N/A | N/A | -5.3%+4.5pp | -9.8%-19.1pp | 9.3%+4.6pp | 4.6% |
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Frequently Asked Questions
What is Treehouse Foods's annual revenue?
Treehouse Foods (THS) reported $3.4B in total revenue for fiscal year 2024. This represents a -2.3% 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 Treehouse Foods's revenue growing?
Treehouse Foods (THS) revenue declined by 2.3% year-over-year, from $3.4B to $3.4B in fiscal year 2024.
Is Treehouse Foods profitable?
Yes, Treehouse Foods (THS) reported a net income of $26.9M in fiscal year 2024, with a net profit margin of 0.8%.
What is Treehouse Foods's earnings per share (EPS)?
Treehouse Foods (THS) reported diluted earnings per share of $0.51 for fiscal year 2024. This represents a -45.7% 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.
What is Treehouse Foods's EBITDA?
Treehouse Foods (THS) had EBITDA of $250.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Treehouse Foods have?
As of fiscal year 2024, Treehouse Foods (THS) had $289.6M in cash and equivalents against $1.4B in long-term debt.
What is Treehouse Foods's gross margin?
Treehouse Foods (THS) had a gross margin of 16.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Treehouse Foods's operating margin?
Treehouse Foods (THS) had an operating margin of 3.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Treehouse Foods's net profit margin?
Treehouse Foods (THS) had a net profit margin of 0.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Treehouse Foods's return on equity (ROE)?
Treehouse Foods (THS) has a return on equity of 1.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Treehouse Foods's operating cash flow?
Treehouse Foods (THS) generated $265.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Treehouse Foods's total assets?
Treehouse Foods (THS) had $4.0B in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Treehouse Foods spend on research and development?
Treehouse Foods (THS) invested $13.9M in research and development during fiscal year 2024.
Does Treehouse Foods buy back shares?
Yes, Treehouse Foods (THS) spent $149.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Treehouse Foods have outstanding?
Treehouse Foods (THS) had 50M shares outstanding as of fiscal year 2024.
What is Treehouse Foods's current ratio?
Treehouse Foods (THS) had a current ratio of 1.36 as of fiscal year 2024, which is considered adequate.
What is Treehouse Foods's debt-to-equity ratio?
Treehouse Foods (THS) had a debt-to-equity ratio of 0.91 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Treehouse Foods's return on assets (ROA)?
Treehouse Foods (THS) had a return on assets of 0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Treehouse Foods's Altman Z-Score?
Treehouse Foods (THS) has an Altman Z-Score of 1.23, placing it in the Distress Zone (elevated 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 Treehouse Foods's Piotroski F-Score?
Treehouse Foods (THS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Treehouse Foods's earnings high quality?
Treehouse Foods (THS) has an earnings quality ratio of 9.88x, 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 Treehouse Foods cover its interest payments?
Treehouse Foods (THS) has an interest coverage ratio of 1.6x, meaning it can struggle to 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 Treehouse Foods?
Treehouse Foods (THS) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.