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Buy Day today: Good (62) Broad market participation · no major macro event
FRPT

Freshpet Inc

Consumer Defensive · Packaged Foods · listed since 2014

61.60$ -0.7% vs. previous close Closing price · As of: Sep 17, 2026
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Assessment

Our Rating

A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.

Open questions

The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.

Why this colour

The business demonstrably works: net sales have not fallen in any year since the IPO and reached $1,102.0 million in 2025, gross margin rose to 40.8 percent and adjusted EBITDA to $195.7 million. Nothing supports red: equity of $1,262.1 million at a 68.6 percent equity ratio, an Altman Z-score of 7.60, cash of $381.4 million against a $397.9 million convertible note, no going-concern doubt and no covenant problem. Green is out of reach because the operating question is too large and too open: in both of the most recent reported periods the reported profit rested mostly on one-time items — a $68.4 million tax benefit in 2025 and a $62.0 million investment gain in the quarter ended March 31, 2026 — while operating income in that quarter was $4.3 million and net sales growth has fallen from 39.9 to 13.0 percent. A turnaround whose operating half is still ahead is yellow, even when the balance sheet carries it easily. The decision is yours.

What the thesis turns on

Assessment: Opportunities & Risks

Freshpet has left the bottom behind: gross margin rose from 32.7 percent (2023) to 40.8 percent (2025), adjusted EBITDA from $66.6 million to $195.7 million, and 2025 turned free cash flow positive after six negative years, at $12.4 million. The uncomfortable half: the reported profit has so far come mostly from elsewhere. A $68.4 million tax benefit carried half of the $139.1 million of 2025 net income, and $62.0 million of the $65.6 million pre-tax profit in the quarter ended March 31, 2026 came from selling an equity investment; operating income in that quarter was $4.3 million, or 1.5 percent of net sales. Growth is halving as well (13.0 percent in 2025, guidance of 8 to 11 percent for 2026) while media costs climbed to 12.7 percent of net sales. The financing is comfortable: a 68.6 percent equity ratio, an Altman Z-score of 7.60 and effectively no net debt. Not investment advice.

Demand & market position

Net sales rose without interruption from $245.9 million (2019) to $1,102.0 million (2025). The quarter ended March 31, 2026 added 13.1 percent, driven by 14.6 percent more volume against an unfavorable price and mix effect of 1.5 percent. The network of 30,425 company-owned fridges (as of March 31, 2026) is a physical barrier for imitators.

Operating turn

Gross margin climbed from 32.7 percent (2023) to 40.8 percent (2025), adjusted EBITDA from $66.6 million to $195.7 million, and the adjusted EBITDA margin from 8.7 to 17.8 percent. Operating income turned from minus $30.4 million (2023) to plus $75.7 million (2025). In the quarter ended March 31, 2026, adjusted EBITDA improved from $35.5 million to $37.9 million.

Source of the reported profit

In fiscal 2025, pre-tax income of $70.8 million met net income of $139.1 million — the difference is a $68.4 million income tax benefit from releasing a valuation allowance. In the quarter ended March 31, 2026, $62.0 million of the $65.6 million pre-tax profit (94 percent) came from the sale of an equity investment. Operating income was $4.3 million, or 1.5 percent of net sales.

Growth rate & advertising cost

Net sales growth fell from 39.9 percent (2022) through 28.8 and 27.2 to 13.0 percent (2025); guidance issued May 6, 2026 calls for 8 to 11 percent in 2026. It is being held up by advertising: media costs rose from $85.5 million (2023) through $111.3 million to $140.5 million (2025) — from 11.1 to 12.7 percent of net sales; in the quarter ended March 31, 2026 they were $47.0 million, or 15.8 percent.

Balance sheet & capital needs

The balance sheet is robust: equity of $1,262.1 million, an equity ratio of 68.6 percent, an Altman Z-score of 7.60 and cash of $381.4 million against a convertible note carried at $397.9 million (as of March 31, 2026). At the same time the model is capital-hungry: $574.4 million went into property and equipment from 2023 through 2025 against $390.8 million of operating cash flow; free cash flow turned positive only in 2025, at $12.4 million after six negative years, and roughly $150 million of capital spending is planned for 2026.

Valuation & ownership

Roughly $2.83 billion of market value (49,142,791 shares at a closing price of $57.54 on July 24, 2026) equals 14.5 times 2025 adjusted EBITDA and 2.6 times net sales; the trailing price-to-earnings ratio of about 15 is distorted by the one-time items, while the forward figure is about 35. Nineteen analysts arrive at an average price target of $81.25, yet roughly 18 percent of the float is sold short (data cut-off July 27, 2026).

Worth Noting

Hook: our in-house stock scanner "Turnaround Candidates" — rank 11 of 60 U.S. hits, turnaround check 7 of 8, measured on the live list on July 27, 2026. The lists are recalculated daily; rank and score are a dated snapshot, not a permanent state. The display starts at 6 of 8 points.

The scanner's two mandatory pillars: at least 50 percent below the all-time high and an Altman Z-score of at least 1.1. Both are comfortably met (Altman Z 7.60; roughly 69 percent below the all-time high). Pillar 1 only breaks above roughly $93 (half of the highest intraday print of $186.98 on May 3, 2021; $92 on a closing basis). The average analyst price target of $81.25 sits below that — unlike many other candidates on this list, reaching the target would not throw the stock out of the scanner.

Plausibility check on the all-time-high figure: the stored distance of −71.5 percent was recomputed against our own price history. Highest close $184.82 on April 30, 2021, highest intraday print $186.98 on May 3, 2021; against the closing price of $57.54 on July 24, 2026 that gives −68.9 percent (closing basis) and −69.2 percent (intraday basis). The stored value reflects the same calculation on an earlier price date. There is no all-time high misplaced by a factor of 1,000 here, and there has never been a stock split.

No takeover situation: as of July 27, 2026 the SEC filing history contains neither a solicitation/recommendation statement (SC 14D9) nor a merger document, no Form 15 and no Form 25. Activist investor JANA Partners filed a Schedule 13D on September 22, 2022, signed a cooperation agreement on August 21, 2023 and reported 2,383,150 shares, or 4.9 percent, in the ninth and final amendment on January 11, 2024. Defense costs of $8.177 million are disclosed for fiscal 2023 as "shareholder activism defense engagement".

Recency gate: the most recent periodic report is the 10-Q for the period ended March 31, 2026 (filed May 6, 2026). Filed after that, up to the July 27, 2026 data cut-off: the current report 8-K of June 11, 2026 (Item 5.07, annual meeting of June 10, 2026 — all twelve directors elected, KPMG ratified as auditor), the current report 8-K of June 24, 2026 (Item 5.02, retirement of co-founder and President Scott Morris effective October 20, 2026, with Nicola Baty taking on the role), routine insider filings (Form 4 and Form 144) and ownership filings on Schedule 13G, most recently July 15, 2026. All reviewed.

Price figures are dated valuation anchors, not buy arguments: closing price $57.54 on July 24, 2026, 52-week high $86.00 (March 5, 2026), 52-week low $46.45 (May 20, 2026). Cross-check on market value: 49,142,791 shares per the cover page of the quarterly report (as of April 30, 2026) times $57.54 gives $2.83 billion — matching the value from fundamental data.

Risk of confusion: Freshpet, Inc. (FRPT) is not related to Chewy, Inc. (CHWY), Petco Health and Wellness (WOOF) or the Nestlé unit Purina; the reference here is the Nasdaq listing under CIK 0001611647. The privately held company behind the equity investment is not named in the quarterly report.

Read the Full Deep Dive Freshpet: 94 Percent of the Quarterly Profit Did Not Come from Pet Food Freshpet sells fresh dog food out of 30,425 company-owned fridges in grocery stores. The company finally reports profits, and the price-to-earnings ratio suddenly looks cheap. One catch: of the $65.6 million in pre-tax profit in the first quarter of 2026, $62.0 million came from selling an equity investment. The operating business contributed $4.3 million, or 1.5 percent of net sales. The year before, it was a $68.4 million tax entry. We read the annual report (10-K) for 2025 and the quarterly report (10-Q) for the period ended March 31, 2026 line by line: what the fridge network really earns, what was one-time only, and what is left of it in 2026. No recommendation — just the question of how much turnaround sits inside a profit that did not come from the food. Read the analysis →

Stock Watch

This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at FRPT since then.

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Price history

Chart

Interactive price chart (TradingView).

52-week range: 47.40 $ to 85.50 $ · Last price: 61.60 $ (As of: September 17, 2026)

Key figures

Key figures at a glance

Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.

Basics

Market Cap ?The value of the entire company on the market: share price times total shares outstanding. 2.9$B
Shares Outstanding ?Total number of shares issued. Price times share count gives market cap. 48m
Float ?Share of stock freely tradable on the market — not locked up in the hands of founders, insiders, or major shareholders. 97.5%
Beta ?Volatility versus the overall market: 1 = moves like the market, 2 = twice as much, under 1 = calmer than the market. 1.7

Performance

Perf. 1M ?Price performance over the last month. 14.20%
Perf. 3M ?Price performance over the last 3 months. 8.40%
Perf. 6M ?Price performance over the last 6 months. -5.30%
YTD Performance (%) ?Price performance since the start of the year (Year to Date). -12.40%
52-Week-High Distance ?How far the price sits below its highest point over the last 52 weeks. 0% means the stock is at its year high. -37.9%
Perf. 1Y ?Price performance over the last 12 months. 15.26%
Perf. 3Y ?Price performance over the last 3 years. -14.77%
Perf. 5Y ?Price performance over the last 5 years. -58.40%
Perf. 10Y ?Price performance over the last 10 years. 538.03%
Perf. Since Inception ?Price performance since the first available trading day (11/07/2014) — with a complete history, that is since the IPO. 222.19%

Technical Indicators

MA 38 Days ?Moving average of the last 38 trading days: the smoothed price path. A price above it signals short-term strength. 68.20$
MA 50 Days ?Moving average of the last 50 trading days — the most widely watched medium-term trend line. 65.30$
MA 200 Days ?Moving average of the last 200 trading days — the dividing line between a long-term uptrend and downtrend. 63.80$
RSI (14) ?Relative Strength Index over 14 days, scale 0 to 100: above 70 counts as overbought, below 30 as oversold. A hint on timing, not a verdict on the company. 32.0
Volatility 30 Days ?Price swings over the last 30 trading days, annualized. The higher the value, the more the price fluctuates. 37.3%
Volatility 250 Days ?Price swings over the last 250 trading days (roughly one market year), annualized. 50.2%

Calculated from the price history · as of 09/18/2026

Valuation

P/E ?Price-to-earnings ratio: how many years of profit does the stock cost? The lower, the cheaper the valuation. No earnings means no P/E. 16.6
Forward P/E ?P/E based on expected earnings for the next 12 months instead of past earnings — analysts' bet on the future. 30.0
PEG ?P/E divided by expected earnings growth: puts valuation in relation to growth. Around 1 is considered fair, well above that is pricey. 2.5
P/B ?Price-to-book ratio: market value relative to book equity. 2.5
P/S ?Price-to-sales ratio: market value divided by annual sales. Important for companies that aren't (yet) profitable. 2.5
EV/EBITDA ?Enterprise value including debt (EV) relative to operating profit before depreciation and amortization (EBITDA) — more comparable than P/E because debt counts too. Extreme values arise when EBITDA is near zero. 11.7
Price/FCF ?Market value divided by free cash flow: how many years of freely available cash does the stock cost? More honest than P/E because cash flow is harder to dress up. 14.6

Profitability

Gross Margin ?Gross margin: what's left of sales after only direct production costs are deducted — the product's pricing power. 41.4%
EBIT Margin ?EBIT margin: operating profit as a percentage of sales — the earning power of the core business before interest and taxes. 1.5%
Net Margin ?Net margin: what's left of sales as profit after ALL costs, interest, and taxes. 17.3%
Return on Equity ?Return on equity: how much profit does the company generate per year on shareholders' equity? 17.3%
Return on Assets ?Return on assets: how much profit the company generates from its total assets (equity and debt combined). 3.5%

Balance Sheet & Safety

Equity Ratio ?Equity ratio: equity as a share of total assets. The higher, the more resilient the balance sheet. 68.6%
Debt/Equity ?Leverage ratio: financial debt divided by equity. Under 1 is generally seen as solid; negative values mean negative equity. 0.4
Altman Z″ ?Edward Altman's bankruptcy early-warning score. We use the Z″ variant, built from four balance-sheet ratios — it is designed for service companies and non-manufacturers and uses book value instead of market value. On that scale: below 1.1 = danger zone, 2.6 and up = safe zone, in between a grey area. Because the classic Altman Z is calculated differently, the two numbers are not directly comparable. The formula does not fit banks, insurers, or real-estate stocks. fortress balance sheet 7.60
Piotroski ?Balance-sheet health check by Joseph Piotroski: 9 yes/no criteria on profit, cash flow, leverage, and efficiency. 7+ is very solid, under 3 is a red flag. 6 out of 9

Growth

Sales Growth Last Quarter ?Sales growth in the most recently reported quarter versus the same quarter a year ago (YoY). 13.10%
EPS Growth Last Quarter ?Growth in earnings per share in the most recently reported quarter versus the same quarter a year ago (YoY). 79.20%
Sales Growth (Year) ?Sales growth in the last fiscal year versus the year before. 13.01%
Forward Sales Growth ?Sales growth analysts expect over the next 12 months — an estimate, not a guarantee. 9.06%
Forward EPS Growth ?Earnings-per-share growth analysts expect over the next 12 months — an estimate, not a guarantee. 7.20%

Dividend

This stock currently pays no dividend.

Quality & Screener

Stage ?Weinstein phases 1 through 4: 1 = basing, 2 = uptrend (the only buy phase), 3 = topping, 4 = downtrend. Measured against the 30-week line. 4
RS Rating ?Relative strength from 1 to 99: an RS of 95 means the stock has outperformed 95% of all stocks. 18
EPS Rating ?Earnings growth rating from 1 to 99 versus all stocks — high values mean above-average earnings growth. 83
Fundamental Rating ?Our own Fundamental Rating: 0 to 100 points with an A+ to F grade. 50 points is the average across the universe, 100 the best possible score. It scores growth, earnings surprises, analyst estimates, margins, cash flow, and balance-sheet safety — every stock percentile-ranked against all others. Grades: A+ from 95, A from 75, B from 55, C from 45, D from 25, E from 5, F below. B (66 out of 100)

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Comparison

Industry comparison

The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.

Industry: Packaged Foods

Industry comparison
Company Market cap ($B) P/E EV/EBITDA Gross Margin % EBIT Margin % Sales Growth (Year) % Perf. 1Y %
Freshpet Inc FRPT 2.9 16.6 11.7 41.4 1.5 13.0 15.3
JBS N.V. JBS 39.9 11.7 6.2 11.8 2.5 13.0 -16.1
Kraft Heinz Co KHC 29.1 – 13.1 33.5 20.7 -3.5 2.7
General Mills Inc GIS 19.9 9.2 21.6 33.7 19.2 -1.9 -20.8
McCormick & Company Incorporated MKC-V 13.8 8.6 13.4 38.9 17.4 1.7 -18.7
McCormick & Company Incorporated MKC 13.5 8.9 13.1 38.9 17.4 1.7 -23.2
The J. M. Smucker Company SJM 12.8 – 14.8 38.0 18.5 3.7 22.5
Hormel Foods Corporation HRL 11.6 28.1 15.5 15.7 11.1 1.6 -12.2
Darling Ingredients Inc DAR 10.7 48.5 9.6 26.3 8.1 7.4 100.8
Median of companies shown 13.5 11.7 13.1 33.7 17.4 1.7 -12.2

Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →

Fiscal years

Annual Figures

Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.

Revenue, operating income and net income per fiscal year $M

Revenue Operating income Net income

2016 · Revenue: 133 $M 2016 · Operating income: -2 $M 2016 · Net income: -3 $M 2017 · Revenue: 156 $M 2017 · Operating income: -3 $M 2017 · Net income: -4 $M 2018 · Revenue: 193 $M 2018 · Operating income: -5 $M 2018 · Net income: -5 $M 2019 · Revenue: 246 $M 2019 · Operating income: 0 $M 2019 · Net income: -1 $M 2020 · Revenue: 319 $M 2020 · Operating income: -2 $M 2020 · Net income: -3 $M 2021 · Revenue: 425 $M 2021 · Operating income: -25 $M 2021 · Net income: -30 $M 2022 · Revenue: 595 $M 2022 · Operating income: -52 $M 2022 · Net income: -59 $M 2023 · Revenue: 767 $M 2023 · Operating income: -30 $M 2023 · Net income: -34 $M 2024 · Revenue: 975 $M 2024 · Operating income: 38 $M 2024 · Net income: 47 $M 2025 · Revenue: 1,102 $M 2025 · Operating income: 95 $M 2025 · Net income: 139 $M
2016201720182019202020212022202320242025
Annual Figures
Fiscal Year Revenue ($M) EBIT ($M) Net Income ($M) EPS ($) Operating Cash Flow ($M) Equity ($M) Total Assets ($M)
2016 133 -2 -3 -0.09 13 108 126
2017 156 -3 -4 -0.12 10 117 134
2018 193 -5 -5 -0.15 19 121 140
2019 246 0 -1 -0.04 16 131 236
2020 319 -2 -3 -0.08 21 394 434
2021 425 -25 -30 -0.69 1 720 784
2022 595 -52 -59 -1.29 -43 1,032 1,125
2023 767 -30 -34 -0.70 76 953 1,464
2024 975 38 47 0.93 154 1,055 1,575
2025 1,102 95 139 2.48 161 1,209 1,778

Quarters

Quarterly Figures

Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.

Revenue & Profit

Cash Flow

Balance Sheet

Margins

Per Share

Click the chart or tab into it, then use ← and → to step through the periods.

None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.

These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.

The figures could not be loaded right now.

Sales Per Quarter ($M)
2024: Q4 · 262.7 $M Q4 2025: Q1 · 263.2 $M Q1 2025: Q2 · 264.7 $M Q2 2025: Q3 · 288.8 $M Q3 2025: Q4 · 285.2 $M Q4 2026: Q1 · 297.6 $M Q1 2026: Q2 · 305.6 $M Q2

Source: fundamental data

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 0.36 17.30 263 22.00 6.90 50 -8
2025: Q1 -0.26 -170.10 263 17.60 -4.80 5 -22
2025: Q2 0.33 – 265 12.50 6.20 34 41
2025: Q3 1.82 669.10 289 14.00 35.20 67 32
2025: Q4 0.60 67.80 285 8.60 11.90 55 110
2026: Q1 0.91 – 298 13.10 16.30 40 13
2026: Q2 0.39 18.20 306 15.50 6.40 44 44

What Do These Terms Mean?

EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

Compare with other stocks →

Screening

Appears in These Scanners

This stock currently matches 8 of our scanner strategies — each hit links to the scanner.

Quality & Balance Sheet

Breakout & Setup

Earnings & Surprises

Momentum & Trend

Research

Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners

Outlook

Analysts & Price Target

Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.

Consensus Sell 1 = Strong buy … 5 = Strong sell
Analyst Ratings 19
Price Target (average) 84.25$
Distance to price 36.8% The price target sits 36.8% above the current price.

Distribution of Recommendations

Strong Buy 12
Buy 2
Hold 5
Sell 0
Strong Sell 0

Estimates by Fiscal Year

Estimates by Fiscal Year
Fiscal Year EPS Estimate ($) EPS Range ($) Revenue Estimate ($M) Expected Growth Analysts
12/31/2026 1.68 1.21 – 2.15 1,225 -40.6% 5
12/31/2027 1.96 1.69 – 2.23 1,329 16.9% 6

Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.

Valuation

What is priced in?

Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.

Today’s market value implies roughly 5.6% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).

What is priced in?
Free cash flow (last twelve months) $168.6M
Market cap $2.89B
Free cash flow in year ten $290.6M
Terminal value as a share of market value 53.0%

It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.

A simplified model calculation — not a forecast and not a recommendation.

AI classification

AI Rating

Uses AI

Freshpet setzt nach eigener Darstellung im Geschäftsbericht 2025 künstliche Intelligenz bereits in mehreren Unternehmensbereichen einschließlich der Fertigung ein und will den Einsatz ausweiten; ein KI-Produkt wird nicht verkauft.

View the full file — quotes, sources, reviewed filings
„We use and plan to increase our use of AI across multiple parts of the business, including in our manufacturing process."

Wir setzen KI in mehreren Teilen des Geschäfts ein, unter anderem in unserem Fertigungsprozess, und planen, diesen Einsatz auszuweiten.

10-K · 2026-02-23 · View SEC filing

„our ability to successfully implement artificial intelligence into our operations and to realize the anticipated benefits, cost savings and efficiencies from such initiatives"

unsere Fähigkeit, künstliche Intelligenz erfolgreich in unsere Abläufe einzuführen und die erwarteten Vorteile, Kosteneinsparungen und Effizienzgewinne aus diesen Initiativen zu erzielen

10-Q · 2026-05-06 · View SEC filing

„Increased adoption of AI within Freshpet’s operations can amplify cyber risk across our systems and create new opportunities for bad actors to test and exploit system vulnerabilities, which could result in a cyber security incident or otherwise compromise data security."

Der zunehmende Einsatz von KI in den Abläufen von Freshpet kann das Cyber-Risiko über unsere Systeme hinweg verstärken und böswilligen Akteuren neue Gelegenheiten verschaffen, Schwachstellen zu testen und auszunutzen, was zu einem Sicherheitsvorfall führen oder die Datensicherheit anderweitig beeinträchtigen könnte.

10-K · 2026-02-23 · View SEC filing

Filings Reviewed: 10-K 2026-02-23 · 10-Q 2026-05-06 · 10-Q 2025-11-03 · 10-Q 2025-08-04 · 10-Q 2025-05-05 · 10-K 2025-02-20 · 8-K 2026-06-24

Rated on July 27, 2026 · How the Rating Is Built

Growth

Growth Score

Ten checks against the annual reports — each one passed counts a point.

5 of 10 Solid growth
  • Revenue grows by more than 15% a year over three years 22.8%
  • More than 10% revenue growth is expected for the coming year 9.1%
  • Share count grows by less than 3% a year 6.7%
  • Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 14.1%
  • Gross margin at 40% or higher and without meaningful erosion 38.6%
  • Goodwill from acquisitions does not grow faster than revenue 0.0%
  • Net debt below twice EBITDA 1.6 x EBITDA
  • Operating cash flow covers the profits of the last three years 238 m
  • Return on capital at 15% or higher, or up versus two years ago 5.6%
  • Insiders hold at least 10% or are net buyers 1.8%

A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail

Quality check

AAQS

4/10

The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).

  • Sales growth 10Y > 5% 26.5%
  • Exp. sales growth 3Y > 5% 9.8%
  • EBIT growth 10Y > 5% –
  • Exp. EBIT growth 3Y > 5% -11.1%
  • Net debt < 4x EBIT 3.0x
  • EBIT positive, 10Y straight 2
  • Max. EBIT decline < 50% 0.0%
  • Return on equity > 15% 11.5%
  • ROCE > 15% 5.6%
  • Expected return > 10% -10.7%

View stocks with the full AAQS score · Read the methodology at AlleAktien

Source: fundamental data

Insiders

Insider Transactions

Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.

Insider Transactions
Date Person Role Type Shares Price Value
Sep 14, 2026 George Walter N. Director Buy 1,000 64.92 64,920
Sep 1, 2026 Baty Nicola J. Chief Operating Officer Other 395 70.46 27,832
Sep 1, 2026 Baty Nicola J. Chief Operating Officer Other 1,687 70.46 118,866
Aug 26, 2026 Cyr William B. Chief Executive Officer Sell 979 75.40 73,817
Aug 26, 2026 Cyr William B. Chief Executive Officer Other 7,209 10.23 73,748
Aug 26, 2026 Cyr William B. Chief Executive Officer Sell 1,110 75.40 83,694
Aug 26, 2026 Cyr William B. Chief Executive Officer Other 8,170 10.23 83,579
Aug 26, 2026 Cyr William B. Chief Executive Officer Sell 568 75.40 42,827
Aug 26, 2026 Cyr William B. Chief Executive Officer Other 4,180 10.23 42,761
Aug 26, 2026 Cyr William B. Chief Executive Officer Sell 37,007 74.67 2,763,313

View all insider transactions →

The company

About the Company

Freshpet, Inc. fertigt, vertreibt und vermarktet gemeinsam mit ihren Tochtergesellschaften natürliche frische Mahlzeiten und Leckerlis für Hunde und Katzen in den USA, Kanada und Europa.

Employees
1,288
Headquarters
Bedminster, NJ
Address
1450 US-206, 07921 Bedminster, United States
Phone
201 520 4000
IPO Date
11/07/2014
ISIN
US3580391056

Management

Management
Name Title Birth Year
William B. Cyr CEO & Executive Director 1963
Scott James Morris Co-Founder & President 1969
Nicola J Baty Chief Operating Officer 1980
Thembeka Machaba Chief Administrative Officer & Chief Human Resources Officer 1978
Ivan Garcia Senior Vice President of Finance 1986
Cathal Walsh Co-Founder, Senior VP & MD of Europe 1972
John O'Connor Chief Financial Officer 1981
Nishu Patel Chief Accounting Officer 1986
Christopher Kraus Chief Information Officer –
Rachel Perkins-Ulsh Vice President of Investor Relations & Corporate Communications –

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Filings

Company Filings (8-K)

An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).

  • 08/05/2026 Freshpet, Inc. (FRPT): Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗

Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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