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Makes fresh, refrigerated pet food sold in dedicated fridges at grocery and pet retailers.
Makes fresh, refrigerated pet food sold in dedicated fridges at grocery and pet retailers.
Pays for the fridges it places in stores and sells the food through them, so growth depends on adding fridges and on how much each one sells. It has built large cooking plants in Pennsylvania and Texas to make the food itself.
Moat: narrow (brand, installed base). Owns proprietary in-store fridges that create a distribution/shelf-space moat competitors must replicate.
Headquarters: Secaucus, New Jersey, US · Founded: 2006 · Employees: 1,288
Size Freshpet (FRPT) is a United States Consumer Staples company (Food: Specialty/Candy) with a market value of $3.09B, the 1525th largest of 3,117 United States companies the cockpit tracks. Shares closed at $64.39 on 6 Nov 2026.
Performance Over six months the shares gained 21.3%, against -1.1% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 11.8% over the last twelve months (peer median +5.8%); the operating margin is 8.9% (peer median 9.6%).
Valuation It trades at 34.9× forward earnings against a peer median of 18.0× (3rd most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.3 points below its cost of capital (12.5% WACC).
Credit Freshpet has 1 bond outstanding ($402M).
Short interest Short interest is 16.6% of the free float (15 Oct 2026).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.21B | $1.10B | $975M | $767M | $595M |
| Revenue growth | — | +13% | +27% | +29% | — |
| Gross profit | $490M | $425M | $374M | $235M | $172M |
| EBITDA | $200M | $185M | $112M | $28.8M | -$14.9M |
| Net income | $132M | $139M | $46.9M | -$33.6M | -$59.5M |
| Free cash flow | $68.9M | $12.4M | -$32.8M | -$163M | -$273M |
| Capital expenditure | $133M | $148M | $187M | $239M | $230M |
| Total debt | $493M | $495M | $424M | $425M | $5.71M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Freshpet FRPT | $3.09B | +21% | +12% | 9% | 34.9× | 28.5% |
| General Mills GIS | $19.0B | +2% | -4% | 15% | 11.4× | -6.7% |
| Colgate-Palmolive CL | $76.8B | +10% | +6% | 22% | 24.2× | -5.5% |
| J.M. Smucker Company (The) SJM | $13.9B | +33% | +5% | 19% | 12.9× | -7.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FRPT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.2% | +4.9% | 7th lowest of 21 |
| 6-month return | +21.3% | -1.1% | 7th highest of 21 |
| Distance from 52-week high | -25.1% | -15.5% | 8th lowest of 21 |
| Revenue growth (TTM) | +11.8% | +5.8% | 6th highest of 21 |
| Operating margin | 8.9% | 9.6% | 9th lowest of 21 |
| Forward P/E | 34.9× | 18.0× | 3rd most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 28.5% | 5.0% | 2nd most demanding of 18 |
| Growth delivered (Del g) | +28.2% | +9.0% | highest of 18 |
| Hurdle (Req g minus delivered) | +0.4 pp | -6.0 pp | 5th most demanding of 18 |
| ROIC minus cost of capital | -6.3 pp | +2.3 pp | 2nd lowest of 21 |
| EV / EBITDA | 16.2× | 10.4× | 5th most expensive of 17 |
| Net debt / EBITDA | 0.7× | 0.6× | 9th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Freshpet FRPT | United States | $3.09B | +21% | +12% | 9% | 34.9× | 28.5% | +28.2% |
| MeiHua 600873.SS | China | $2.99B | -27% | -3% | 4% | 14.5× | n/a | n/a |
| Greggs GRG.L | United Kingdom | $3.20B | +42% | +7% | 9% | 18.1× | 10.5% | +21.5% |
| Greencore GNC.L | United Kingdom | $3.23B | +31% | +26% | 6% | 14.3× | 22.4% | +9.0% |
| Tootsie Roll Industries TR | United States | $2.92B | -8% | +2% | 12% | n/a | 14.1% | +9.2% |
| Tate & Lyle TATE.L | United Kingdom | $3.34B | +53% | +16% | 9% | 15.2× | 10.8% | +10.6% |
| Marzetti MZTI | United States | $2.86B | -8% | -1% | 11% | 15.6× | -2.4% | +5.6% |
| Kotobuki Spirits 2222.T | Japan | $2.81B | +41% | +10% | 25% | 29.3× | 5.2% | +27.7% |
| Orion 271560.KS | South Korea | $3.45B | -18% | +11% | 17% | 9.9× | -17.1% | +8.4% |
| Jinan Shengquan Group Share 605589.SS | China | $3.46B | -30% | +12% | 8% | 19.7× | n/a | n/a |
| Ashland ASH | United States | $3.51B | +39% | +2% | 7% | 18.0× | 12.3% | -2.5% |
| Vita Coco COCO | United States | $3.56B | -13% | +26% | 20% | 30.2× | 8.4% | +14.4% |
| Post POST | United States | $3.65B | -19% | +6% | 10% | 11.8× | -2.1% | +7.4% |
| House Foods 2810.T | Japan | $2.58B | +49% | 0% | 6% | 27.2× | 5.0% | +4.9% |
| Suedzucker SZU.DE | Germany | $2.57B | -5% | -5% | -3% | 34.2× | 0.7% | +4.6% |
| Anjoy Foods 603345.SS | China | $3.82B | -20% | +19% | 12% | 17.3× | -4.3% | +18.4% |
| Lotus 600186.SS | China | $2.37B | -18% | +21% | 13% | 35.2× | n/a | n/a |
| CALBEE 2229.T | Japan | $2.37B | +7% | +5% | 8% | 22.0× | -1.8% | +5.0% |
| Kanematsu 8020.T | Japan | $2.35B | +2% | +4% | 5% | 9.6× | -2.4% | +10.5% |
| Premier Foods PFD.L | United Kingdom | $2.34B | +3% | +2% | 18% | 12.6× | -1.3% | +4.4% |
| Yantai North Andre Juice 605198.SS | China | $2.31B | +16% | -17% | 18% | 66.5× | 36.8% | +14.8% |
Freshpet has 1 bond outstanding with $402M face value.