What is Freshpet's work in process?

Freshpet (FRPT) reported work in process of $6.24M in Q1 2026.

How has Freshpet's work in process changed year-over-year?

Freshpet's work in process decreased by 6.7% year-over-year, from $6.69M to $6.24M.

What is the long-term trend for Freshpet's work in process?

Over 2 years (2023 to 2025), Freshpet's work in process has grown at a 0.7% compound annual growth rate (CAGR), from $5.61M to $5.69M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Freshpet FRPT Work in process

Work in process at other companies

Central Garden & Pet CompanyCENT

$145.85M-0.7%

POS

Post HoldingsPOST

$27.6M-0.7%

Colgate-PalmoliveCL

——

Other financials

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

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Market cap$2.62B-28.6%

Enterprise value$2.34B-32.1%

P/E13.1×-222×

P/S2.3×-1.3×

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×

Where this comes from

Reported directly by Freshpet in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Freshpet’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Freshpet's work in process?: Freshpet (FRPT) reported work in process of $6.24M in Q1 2026.
How has Freshpet's work in process changed year-over-year?: Freshpet's work in process decreased by 6.7% year-over-year, from $6.69M to $6.24M.
What is the long-term trend for Freshpet's work in process?: Over 2 years (2023 to 2025), Freshpet's work in process has grown at a 0.7% compound annual growth rate (CAGR), from $5.61M to $5.69M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.