Freshpet produces and sells premium fresh pet food through its company-owned refrigerators placed in grocery, mass and club, pet specialty, and natural stores. Freshpet primarily targets dogs (likely representing well north of 90% of sales), with cats and treats nascent contributors.
It is a $3.08B consumer staples company. Revenue grew 12.8% over the last year, it keeps 17¢ of every dollar of sales as profit, and its net debt equals ~3.6 years of free cash flow. It trades at 15.1× earnings — in the cheapest third of its own history.
- Website
- freshpet.com
- Location
- Bedminster, NJ
- Employees
- 1 288
- Sector
- Consumer Defensive
- Founded
- 2006
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong health; Growth and Moat lag behind.
Valuation55
- P/E vs own history12th pct · 25/25
- FCF yield2.0% · 5/25
- P/S2.6x · 20/25
- EV/EBITDA25.8x · 5/25
Growth25
- Revenue CAGR26.9% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth-49.2% · 0/25
Profitability64
- ROIC9.8% · 12/25
- ROE16.6% · 20/25
- Net margin17.3% · 20/25
- Operating margin8.1% · 12/25
Health80
- Altman Z4.35 · 25/25
- Current ratio6.05 · 25/25
- Interest coverage6.0x · 18/25
- Net cash / debtD/A 12% · 12/25
Quality62
- Piotroski F7/9 · 22/25
- Beneish M-2.22 · 12/25
- FCF conversion30% · 8/25
- Margin stabilityσ 7.3% · 20/25
Moat13
- ROIC >12% years0/10 yrs · 0/25
- Median gross margin41.2% · 13/25
- FCF-positive years2/10 yrs · 0/25
- Worst-year net marginworst -10.0% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialRevenue crossed $1B$1.10B for the year
- FY2025FinancialBest year on record$139M net income
- FY2024FinancialTurned profitable$46.9M net income after a loss year
- FY2017FinancialBecame debt-freecash now exceeds total debt
- 2014IPOFreshpet went public on the NASDAQ in November 2014, raising $164 million in its IPO with a market capitalization of…
- 2006FoundedFreshpet was founded in Secaucus, New Jersey, in 2006 by Scott Morris, Cathal Walsh
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (41.4%)
- Revenue growing 12.8% year over year
- Interest covered 6.0× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist
- Altman Z-Score 4.35 — low bankruptcy-risk zone
Watch-outs
- Loss-making in 8 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+12.8% YoY
- Profitable — makes more than it spends$203M TTM
- Profit growing — earnings are higher than last year+196.5% YoY
- Generates cash — cash left after running and investing$61.0M TTM
- Debt under control — could handle its obligations~3.6y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$3.08B market cap
- Not printing shares — share count not ballooning — you keep your slice+40.9% shares over ~5y
- Proven track record — years of profitability behind it2/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 4.3 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 15.1
Peer comparisonFreshpet, Inc. vs 6 largest consumer defensive peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| FRPT this company | $3.1B | 15.1 | +12.8% | 17.3% | Strong |
| WMT Walmart Inc. | $882.9B | 40.8 | +6.2% | 3.0% | Strained |
| COST Costco Wholesale Corp | $419.2B | 45.5 | +10.1% | 3.0% | Mixed |
| KO Coca-Cola Company | $379.3B | 26.5 | +6.5% | 28.6% | Mixed |
| PG Procter & Gamble Company | $351.2B | 21.9 | +3.3% | 18.4% | Solid |
| PM Philip Morris International Inc. | $313.6B | 28.8 | +8.9% | 25.6% | Strained |
| PEP PepsiCo, Inc. | $171.8B | 16.5 | +6.4% | 11.1% | Strained |
Head-to-head: FRPT vs WMT · FRPT vs COST · FRPT vs KO
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/FRPT
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of FRPT on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $64.07 · market cap $3.08B.