Freshpet (FRPT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Freshpet

NasdaqGM•Consumer Defensive•Packaged Foods

$61.57-0.46(-0.01%)After hours

Market Cap

$3.03B

P/E

14.9x

P/S

2.6x

P/B

2.4x

Freshpet, Inc., together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It offers dog food, cat food, and dog treats under the Freshpet brand name; and fresh treats under the Dognation and Dog Joy brand names. The company sells its products through a network of company-owned branded refrigerators, the Freshpet Fridges, as well as through various classes of retail, including grocery, mass, club, pet specialty, and international, as well as digital. The company was incorporated in 2004 and is headquartered in Bedminster, New Jersey.

How this company scores

ExcellentMetricSide Score: 81/100

Strongest: Balance Sheet & Red Flags (23/25); weakest: Cash & Earnings Quality (15/25).

Profitability21/25

Growth22/25

Balance Sheet & Red Flags23/25

Cash & Earnings Quality15/25

Strengths

High ROERising earningsLow leverageProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 14.9x5y range 13.9x – 572.7x

Currently below its 10-quarter median.

P/S · 2.6x5y range 0.0x – 15.8x

Currently below its 20-quarter median.

P/B · 2.4x5y range 0.0x – 8.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.6x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $3.03B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.18B
Q. Revenue: $305.59M
TTM EBITDA: $188.89M
TTM Op. Income: $95.41M
Q. Op. Income: $21.71M
TTM Net Income: $203.47M
Q. Net Income: $19.49M
EPS: $0.4
Shares Out.: $49.20M

$1.18B in TTM revenue grew 12.8% YoY, reaching $305.59M last quarter. TTM EBITDA of $188.89M and TTM operating income of $95.41M show growth is flowing through to the bottom line. TTM net income of $203.47M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 42.1%
EBITDA Margin: 14.9%
Op. Margin: 7.1%
Net Margin: 6.4%

Op. margin of 7.1% is up 0.4% YoY — cost efficiency is improving. Net margin at 6.4% and gross margin of 42.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 6% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 14.9x
P/S Ratio: 2.6x
P/B Ratio: 2.4x

At 14.9x P/E, the stock trades below typical market levels. P/S of 2.6x and P/B of 2.4x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 85% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.81B
Cash: $350.81M
Long-Term Debt: $398.44M
Book Value: $1.24B
D/E Ratio: 0.3
Debt/EBITDA: 8.7

With $1.81B in assets and $398.44M in long-term debt, D/E is 0.3and book value is $1.24B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 13% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $44.42M
TTM Free Cash Flow: $61.05M
FCF Margin: 5.2%
FCF / Net Income: 0.3

TTM FCF of $61.05M on $44.42M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.