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MARKETS / NASDAQ / FRPT
NASDAQ · GRAIN MILL PRODUCTS · LARGE CAP

Freshpet, Inc. FRPT

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.1B
▲ 13.0% YoY
$139.1M
▲ 196.5% YoY
$12.4M
In brief

What this company does

As of December 31, 2025, it was in approximately 30,235 stores, with approximately 24% of stores having multiple Freshpet Fridges. It had 1,288 employees as of December 31, 2025, located primarily in Bethlehem, PA, Ennis, TX, Bedminster, NJ and Europe. In 2025, its largest customers, Walmart and Costco, accounted for 25% and 10% of its net sales, respectively. Its original manufacturing facility, Freshpet Kitchens Bethlehem in Bethlehem, Pennsylvania, is a 240,000 square foot facility that as of 2025 houses six production lines. It sells its products throughout the United States, Canada, and Europe, generating the vast majority of its sales in the United States. It was incorporated in Delaware in November 2004 and currently exists as a Delaware corporation.

Written from the business description in FRESHPET, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.1B
Revenue, FY2025 · full 14-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.1 · Net income 0.1
0.4B0.8B20122014201620182020202220242025
Compound annual growth
+22.8%
+28.2%
+25.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +28.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 6.9% · Net 12.6%
5%10%-20%-40%20122014201620182020202220242025
ROE
FY2025 · ROE 12.3%
5%10%-2%-4%-6%20122014201620182020202220242025
Gross margin40.8%
Operating margin6.9%
Net margin12.6%
Return on assets8.3%
EBITDAUSD 162.1M

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders
—
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 12.4
-200M20122014201620182020202220242025
Net buybacks $M Dividends $M
FY2018 · Dividends — · Net buybacks -3.1
-2M2018
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsUSD 1.8B
EquityUSD 1.2B
CashUSD 278.0M
Current ratio5.54×

Equity funds 68% of total assets.

The 14-year record
14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B1.11.00.80.60.40.30.20.20.20.10.10.10.10.0
Operating income $B0.10.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B0.20.10.0−0.00.00.00.00.0······
Income tax $B−0.10.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.10.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.0−0.0−0.2−0.3−0.3−0.1−0.10.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $2.640.93−0.70−1.29−0.69−0.08−0.04−0.15−0.12−0.09−0.11−9.63−2.91−2.56
Dividend / sh $··············
Payout %··············
ROE %12.34.7−3.4−6.8−5.3−1.2−1.1−4.5−3.8−3.0−3.6···
Shares out B0.050.050.050.050.040.040.040.040.040.030.030.030.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 68 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 27 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityGrain Mill Products
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2012

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