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Freshpet

FRPT

Freshpet, Inc. is a leading manufacturer and marketer of fresh, refrigerated food for dogs and cats, positioning itself as a disruptive force in the pet food industry.

Market cap
$2.92B-15.6%
Revenue$1.1B+12.0%
Net income$200.3M+1,182%
Free cash flow$46.8M+161%
EPS (diluted)$3.74+1,106%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$292.3M
EPS estimate$0.21

Financials

Q1 2026

Income statement

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Revenue$297.6M+13.1%
Gross profit$120.7M+16.3%
Operating income$4.3M+138%
Net income$48.5M+482%
EPS (diluted)$0.91+450%

Balance sheet

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Cash & equivalents$381.4M+56.5%
Total debt$98.5M+167%
Total equity$1.3B+20.3%
Total assets$1.8B+18.0%

Cash flow

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Operating cash flow$40.3M+739%
CapEx$27.6M+4.2%
Free cash flow$12.7M+159%

Valuation & ratios

Valuation

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Market cap$2.92B-15.6%
Enterprise value$2.64B-19.4%
P/E14.6×-86.9×
P/S2.6×-0.7×

Profitability

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Gross margin41.1%+0.5pp
Operating margin8.1%+6.3pp
Net margin17.6%+16.1pp
FCF margin4.1%

Returns & leverage

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Return on equity17.3%+15.8pp
Debt / equity0.1×0.0×
Current ratio6.2×+1.3×

Segments

By segment

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Reportable Segment$297.6M+13.1%

Competitors

Profile

Freshpet, Inc. is a leading manufacturer and marketer of fresh, refrigerated food for dogs and cats, positioning itself as a disruptive force in the pet food industry. The company leverages the trends of pet humanization and health-conscious consumerism by providing minimally processed, nutrient-dense meals that serve as an alternative to traditional dry kibble and canned products. Its business model centers on a proprietary network of branded refrigerators, known as Freshpet Fridges, located within high-traffic retail environments.

Competitive position

A first-mover and market leader in the fresh, refrigerated pet food category with a significant competitive moat created by its proprietary 'Freshpet Fridge' retail network.

GeographiesUnited States, Canada, United Kingdom, European Union
Customer segmentsPet Owners, Health-conscious Consumers, Premium Pet Food Buyers
Business modelManufacturing, Direct-to-Retail, B2B2C
SuppliersMeat and poultry producers, Vegetable and fruit farmers, Packaging material suppliers, Refrigeration equipment manufacturers
CustomersBlue-chip retail chains, Pet specialty retailers, Online grocery platforms, Regional distributors
Listed2014
CEOWilliam Cyr
FilingsSEC EDGAR

Questions, answered.

What is Freshpet's market cap?
Freshpet (FRPT) has a market capitalization of $2.9B and trades on NASDAQ.
What is Freshpet's revenue and profitability?
Freshpet generated $1.1B in trailing twelve-month revenue with net income of $200.3M, representing a net margin of 17.6%. Gross margin stands at 41.1%, with free cash flow of $46.8M. These figures are based on the Q1 2026 filing.
Who are Freshpet's competitors?
Freshpet's key competitors include Blue Buffalo, Spectrum Brands Holdings, Inc., Central Garden and Pet Co, and others. These companies compete in similar markets and product categories.
Who does Freshpet partner with?
Freshpet's notable partners include St Hubert's Animal Welfare Center, Pennsylvania SPCA, StrayDog Inc., and others.
Where is Freshpet headquartered?
Freshpet is headquartered in United States of America. It has been publicly traded since 2014.