Growth & profitability
- Revenue has grown 28.2% per year over the past 5 years.
- Operating margin has expanded, at 6.9% in the latest year.
Financial health
- Operating income covered interest expense 5.4× in the latest year.
FRPT Financials Freshpet, Inc.
14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | $139M | 40.8% | 6.9% | $12M | — | $278M |
| 2024 | $975M | $47M | 40.6% | 3.9% | -$33M | — | $269M |
| 2023 | $767M | -$34M | 32.7% | -4.0% | -$163M | — | $297M |
| 2022 | $595M | -$59M | 31.2% | -8.7% | -$273M | — | $133M |
| 2021 | $425M | -$30M | 38.1% | -5.8% | -$321M | $0 | $73M |
| 2020 | $319M | -$3M | 41.7% | -0.6% | -$113M | $0 | $67M |
| 2019 | $246M | -$1M | 46.4% | -0.1% | -$54M | $109M | $9M |
| 2018 | $193M | -$5M | 46.6% | -2.5% | $2M | — | $8M |
| 2017 | $152M | -$4M | 47.5% | -1.8% | -$3M | — | $2M |
| 2016 | $130M | -$3M | 46.5% | -1.7% | -$17M | — | $4M |
| 2015 | — | -$4M | — | — | — | — | $8M |
| 2014 | — | -$37M | — | — | — | — | $36M |
| 2013 | — | -$22M | — | — | — | $1M | $2M |
| 2012 | — | -$19M | — | — | — | — | $2M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $298M | $49M | 40.5% | 1.5% | $13M | — | $381M |
| Dec '25 | $285M | $34M | 43.3% | 15.6% | $2M | — | $278M |
| Sep '25 | $289M | $102M | 39.5% | 8.6% | $32M | — | $275M |
| Jun '25 | $265M | $16M | 40.9% | 6.7% | $445000 | — | $244M |
| Mar '25 | $263M | -$13M | 39.4% | -4.4% | -$22M | — | $244M |
| Dec '24 | $263M | $18M | 42.5% | 7.4% | -$8M | — | $269M |
| Sep '24 | $253M | $12M | 40.4% | 4.7% | $22M | — | $275M |
| Jun '24 | $235M | -$2M | 39.9% | -0.7% | -$6M | — | $252M |
| Mar '24 | $224M | $19M | 39.4% | 3.8% | -$41M | — | $258M |
| Dec '23 | $215M | $15M | 34.6% | 6.9% | -$40M | — | $297M |
| Sep '23 | $201M | -$7M | 33.0% | -3.5% | -$20M | — | $338M |
| Jun '23 | $183M | -$17M | 32.3% | -9.1% | -$31M | — | $244M |
| Mar '23 | $168M | -$25M | 30.3% | -12.8% | -$72M | — | $337M |
| Dec '22 | $166M | -$3M | 27.6% | -1.2% | -$52M | — | $133M |
| Sep '22 | $151M | -$18M | 29.4% | -10.5% | -$64M | — | $240M |
| Jun '22 | $146M | -$21M | 35.0% | -12.4% | -$67M | $75M | $307M |
| Mar '22 | $132M | -$18M | 33.9% | -12.0% | -$91M | $48M | $30M |
| Dec '21 | $116M | -$9M | 35.6% | -6.6% | -$97M | $0 | $73M |
| Sep '21 | $108M | -$2M | 38.6% | -0.8% | -$110M | — | $171M |
| Jun '21 | $109M | -$7M | 39.7% | -6.0% | -$60M | — | $280M |
Valuation over time
How the market has priced FRPT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 155.1× (Dec '24) to 18.9× (Jun '26).
- The price-to-sales ratio has fallen from 5.5× (Mar '23) to 2.4× (Jun '26).
P/E
P/S
Frequently asked questions
Is FRPT growing its revenue and profit?
Over the past 5 years, Freshpet, Inc.'s revenue has grown 28.2% per year. These are computed facts, not advice.
How much debt does FRPT have?
As of FY2025, Freshpet, Inc. reported — of total debt against $278M of cash; operating income covered interest expense 5.4×.
What is FRPT's profit margin?
In FY2025, gross margin was 40.8%, operating margin 6.9%, and net margin 12.6%.
What is FRPT's P/E ratio?
As of Jun '26, Freshpet, Inc. traded at a price-to-earnings ratio of about 18.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.