Freshpet, Inc.FRPT

NasdaqConsumer EssentialsGrain Mill Products
Price (close)
$58.31
Market cap
$2.8B
P/E
13.9x
Revenue (TTM)
$1.2B
Net income
$203.5M
Dividend yield
—
1-year total return
18.4%
Net margin
17.3%
Revenue growth
12.8%
Debt / equity
—

What Freshpet, Inc. does.

Freshpet, Inc. (“Freshpet,” the “Company,” "we" or "our") is disrupting the over $56.0 billion United States pet food industry by driving consumers to reassess conventional dog and cat food offerings that have remained essentially unchanged for decades. We position our brand to benefit from mainstream trends of growing pet humanization and consumer focus on health and wellness. We price our products to be accessible to the average consumer, providing us with broad demographic appeal and allowing us to penetrate multiple classes of retail, including grocery, mass, international, digital, pet specialty, and club. We have successfully expanded our network of Freshpet Fridges within leading blue-chip retail chains. The strength of our business model extends to our customers, who we believe find that Freshpet grows their pet category sales, drives higher traffic, increases shopper frequency and delivers category leading margins. As of December 31, 2025, our household penetration within the United States was approximately 15.2 million households. Additionally, we believe that there are opportunities to expand our network into international markets as demonstrated by our initiatives in the U.K. market.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$318.8M$425.5M$595.3M$766.9M$975.2M$1.1B
Net income-$3.2M-$29.7M-$59.5M-$33.6M$46.9M$139.1M
Free cash flow-$113.4M-$321.5M-$273.3M-$163.2M-$32.8M$12.4M

More on FRPT.

Figures from Freshpet, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.