Tearsheet

Freshpet (FRPT)


Market Price (6/27/2026): $57.5 | Market Cap: $2.8 BilSector: Consumer Staples | Industry: Packaged Foods & Meats

Freshpet (FRPT)


Market Price (6/27/2026): $57.5
Market Cap: $2.8 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 12%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%

Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, and E-commerce & DTC Adoption. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more.

Weak multi-year price returns
2Y Excs Rtn is -91%, 3Y Excs Rtn is -76%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 19%

Key risks
FRPT key risks include [1] an inability to profitably execute its capital-intensive expansion given its history of inefficient capital use and [2] a potential consumer trade-down from its premium products.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 12%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%
3 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, and E-commerce & DTC Adoption. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -91%, 3Y Excs Rtn is -76%
5 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 19%
6 Key risks
FRPT key risks include [1] an inability to profitably execute its capital-intensive expansion given its history of inefficient capital use and [2] a potential consumer trade-down from its premium products.

FRPT in ETFs

Weight = FRPT's share of each fund

VTI0.00%
ITOT0.00%
IWB0.00%
IJR0.14%
VB0.03%
NUSC0.50%
SLYG0.20%
IJT0.18%
+17 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/15/2026

Freshpet (FRPT) stock has lost about 30% since 2/28/2026 because of the following key factors:

1. Disappointing Profitability Despite Increased Sales and Raised Guidance.

Freshpet reported mixed results for its fiscal Q1 2026, which ended March 31, 2026. While net sales increased by 13.1% to $297.6 million, surpassing consensus estimates, and the company returned to a net income of $48.5 million from a $12.7 million net loss in the prior year, the adjusted earnings per share (EPS) missed analyst expectations. Freshpet reported an adjusted EPS of $0.04, falling short of the Zacks Consensus Estimate of $0.06 per share. Furthermore, despite modestly raising its full-year 2026 net sales growth guidance to a range of 8%-11% (from 7%-10%), management reiterated its Adjusted EBITDA guidance of $205 million to $215 million. This suggested that higher sales were not translating into proportionally higher profitability, with the Adjusted EBITDA margin dipping to 12.7%, an 80 basis point decrease year-over-year. This margin compression was partly attributed to an unfavorable price/mix of 1.5% and elevated logistics costs, which the CFO expected to remain high for the rest of the year. The stock subsequently fell 8.72% after the Q1 2026 report.

2. Intensified Competition from Private Label Brands.

The entry and expansion of private label brands, particularly Costco's Kirkland fresh dog food, posed a significant competitive threat to Freshpet's market share. Analysts highlighted this as a "bear" point, suggesting that while Freshpet aimed to leverage this by expanding its presence with additional branded fridges at Costco, the competition could impact its growth trajectory in the premium fresh pet food segment.

Show more
Updated on 6/15/2026

Freshpet (FRPT) stock has lost about 30% since 2/28/2026 because of the following key factors:

1. Disappointing Profitability Despite Increased Sales and Raised Guidance.

Freshpet reported mixed results for its fiscal Q1 2026, which ended March 31, 2026. While net sales increased by 13.1% to $297.6 million, surpassing consensus estimates, and the company returned to a net income of $48.5 million from a $12.7 million net loss in the prior year, the adjusted earnings per share (EPS) missed analyst expectations. Freshpet reported an adjusted EPS of $0.04, falling short of the Zacks Consensus Estimate of $0.06 per share. Furthermore, despite modestly raising its full-year 2026 net sales growth guidance to a range of 8%-11% (from 7%-10%), management reiterated its Adjusted EBITDA guidance of $205 million to $215 million. This suggested that higher sales were not translating into proportionally higher profitability, with the Adjusted EBITDA margin dipping to 12.7%, an 80 basis point decrease year-over-year. This margin compression was partly attributed to an unfavorable price/mix of 1.5% and elevated logistics costs, which the CFO expected to remain high for the rest of the year. The stock subsequently fell 8.72% after the Q1 2026 report.

2. Intensified Competition from Private Label Brands.

The entry and expansion of private label brands, particularly Costco's Kirkland fresh dog food, posed a significant competitive threat to Freshpet's market share. Analysts highlighted this as a "bear" point, suggesting that while Freshpet aimed to leverage this by expanding its presence with additional branded fridges at Costco, the competition could impact its growth trajectory in the premium fresh pet food segment.

3. Volatile Macroeconomic Environment and Consumer Spending Shifts.

The company's management acknowledged an "increasingly volatile macro environment" and an "uncertain consumer environment" in its Q1 2026 presentation. A key concern for Freshpet, a premium pet food brand, was the risk of consumers trading down from premium offerings due to economic pressures. This macroeconomic headwind could impact demand for Freshpet's higher-priced products, contributing to investor apprehension during the specified period.

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Stock Movement Drivers

Fundamental Drivers

The -32.0% change in FRPT stock from 2/28/2026 to 6/26/2026 was primarily driven by a -52.6% change in the company's P/E Multiple.
(LTM values as of)22820266262026Change
Stock Price ($)84.4557.43-32.0%
Change Contribution By: 
Total Revenues ($ Mil)1,1021,1363.1%
Net Income Margin (%)12.6%17.6%39.6%
P/E Multiple29.714.1-52.6%
Shares Outstanding (Mil)4949-0.3%
Cumulative Contribution-32.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/26/2026
ReturnCorrelation
FRPT-32.0% 
Market (SPY)6.6%18.1%
Sector (XLP)-5.4%18.4%

Fundamental Drivers

The 0.5% change in FRPT stock from 11/30/2025 to 6/26/2026 was primarily driven by a 54.2% change in the company's Net Income Margin (%).
(LTM values as of)113020256262026Change
Stock Price ($)57.1657.430.5%
Change Contribution By: 
Total Revenues ($ Mil)1,0791,1365.3%
Net Income Margin (%)11.4%17.6%54.2%
P/E Multiple22.614.1-37.7%
Shares Outstanding (Mil)4949-0.6%
Cumulative Contribution0.5%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/26/2026
ReturnCorrelation
FRPT0.5% 
Market (SPY)7.3%13.3%
Sector (XLP)8.2%14.3%

Fundamental Drivers

The -28.4% change in FRPT stock from 5/31/2025 to 6/26/2026 was primarily driven by a -94.4% change in the company's P/E Multiple.
(LTM values as of)53120256262026Change
Stock Price ($)80.1657.43-28.4%
Change Contribution By: 
Total Revenues ($ Mil)1,0151,13612.0%
Net Income Margin (%)1.5%17.6%1044.7%
P/E Multiple250.014.1-94.4%
Shares Outstanding (Mil)4949-0.7%
Cumulative Contribution-28.4%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/26/2026
ReturnCorrelation
FRPT-28.4% 
Market (SPY)25.1%16.9%
Sector (XLP)5.1%20.7%

Fundamental Drivers

The -3.9% change in FRPT stock from 5/31/2023 to 6/26/2026 was primarily driven by a -45.5% change in the company's P/S Multiple.
(LTM values as of)53120236262026Change
Stock Price ($)59.7657.43-3.9%
Change Contribution By: 
Total Revenues ($ Mil)6311,13680.2%
P/S Multiple4.62.5-45.5%
Shares Outstanding (Mil)4849-2.1%
Cumulative Contribution-3.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/26/2026
ReturnCorrelation
FRPT-3.9% 
Market (SPY)81.3%31.8%
Sector (XLP)26.5%21.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FRPT Return-33%-45%64%71%-59%-12%-62%
Peers Return2%-14%-21%10%-15%-4%-38%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
FRPT Win Rate42%50%67%50%42%67% 
Peers Win Rate52%45%38%40%38%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
FRPT Max Drawdown-51%-66%-33%-15%-70%-45% 
Peers Max Drawdown-27%-36%-45%-31%-31%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GIS, SJM, CHWY, CENT, WOOF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)

How Low Can It Go

EventFRPTS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-19.8%-9.5%
  % Gain to Breakeven24.7%10.5%
  Time to Breakeven25 days24 days
2023 SVB Regional Banking Crisis
  % Loss-12.6%-6.7%
  % Gain to Breakeven14.4%7.1%
  Time to Breakeven12 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-59.2%-24.5%
  % Gain to Breakeven144.9%32.4%
  Time to Breakeven536 days427 days
2020 COVID-19 Crash
  % Loss-42.7%-33.7%
  % Gain to Breakeven74.6%50.9%
  Time to Breakeven42 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.1%-19.2%
  % Gain to Breakeven25.2%23.8%
  Time to Breakeven15 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-12.0%-3.7%
  % Gain to Breakeven13.7%3.9%
  Time to Breakeven16 days6 days

Compare to GIS, SJM, CHWY, CENT, WOOF

In The Past

Freshpet's stock fell -5.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 5.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventFRPTS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-59.2%-24.5%
  % Gain to Breakeven144.9%32.4%
  Time to Breakeven536 days427 days
2020 COVID-19 Crash
  % Loss-42.7%-33.7%
  % Gain to Breakeven74.6%50.9%
  Time to Breakeven42 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.1%-19.2%
  % Gain to Breakeven25.2%23.8%
  Time to Breakeven15 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-59.6%-12.2%
  % Gain to Breakeven147.8%13.9%
  Time to Breakeven475 days62 days
2014-2016 Oil Price Collapse
  % Loss-69.3%-6.8%
  % Gain to Breakeven226.1%7.3%
  Time to Breakeven678 days15 days

Compare to GIS, SJM, CHWY, CENT, WOOF

In The Past

Freshpet's stock fell -5.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 5.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Freshpet (FRPT)

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Freshpet, Inc. (FRPT) is a leading manufacturer and marketer of natural fresh food for pets. The company specializes in producing refrigerated meals and treats designed for dogs and cats, emphasizing natural ingredients and a fresh approach to pet nutrition. These products are positioned as healthier, less processed alternatives to traditional dry kibble or canned pet food.

The company's primary offerings include a range of natural fresh meals and treats, sold under its flagship Freshpet brand, as well as Dognation and Dog Joy labels. These products cater to pet owners seeking premium, high-quality food options for their pets. Freshpet distributes its products through a diverse retail network, including major grocery chains, mass merchandisers, club stores, pet specialty stores, natural food retailers, and online channels.

Freshpet primarily serves pet owners across the United States, Canada, and Europe. Its business model focuses on capturing market share in the growing fresh pet food segment by offering convenient access to its refrigerated products through its widespread retail presence, targeting consumers who prioritize health and wellness for their companion animals.

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AI Analysis | Feedback

Here are a few brief analogies for Freshpet (FRPT):

  • The Chobani of pet food.

  • The Organic Valley of pet food.

AI Analysis | Feedback

  • Fresh Dog Food: Natural, refrigerated meals specifically formulated for dogs.
  • Fresh Cat Food: Natural, refrigerated meals specifically formulated for cats.
  • Dog Treats: Natural, refrigerated treats designed for dogs.
  • Cat Treats: Natural, refrigerated treats designed for cats.

AI Analysis | Feedback

Major Customers of Freshpet (FRPT)

Freshpet, Inc. primarily sells its products to various retail companies rather than directly to individual consumers. These retailers then sell Freshpet products to the end-consumer. Based on company disclosures and common distribution channels for pet food, Freshpet's major customers are large retail chains across grocery, mass merchandise, club, and pet specialty sectors.

While Freshpet does not publicly disclose the specific names of its top customers by percentage of revenue, its SEC filings indicate significant customer concentration, with the top five customers accounting for approximately 63% of its gross sales in 2023. Based on Freshpet's stated retail partners and the size of these retailers in the market, the following are identified as major customers:

  • Walmart Inc. (WMT)
  • The Kroger Co. (KR)
  • Target Corporation (TGT)
  • Petco Health and Wellness Company, Inc. (WOOF)
  • PetSmart (private company)

AI Analysis | Feedback

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AI Analysis | Feedback

Billy Cyr, Chief Executive Officer

Mr. Cyr has served as Freshpet's Chief Executive Officer since September 2016. Prior to joining Freshpet, he was President and Chief Executive Officer of Sunny Delight Beverages Co. from August 2004 to February 2016. Mr. Cyr led a leveraged buyout of Procter & Gamble's Sunny Delight business in 2004, partnering with private equity. He spent 19 years at Procter & Gamble, where he served as Vice President and General Manager of the North American Juice Business and Global Nutritional Beverages.

John O'Connor, Chief Financial Officer

Mr. O'Connor was appointed Chief Financial Officer, effective February 9, 2026. He brings over 20 years of financial leadership experience, with extensive tenure in animal health and pet care. Most recently, he served as Senior Vice President, Global Commercial Finance at Zoetis, the world's largest animal health company. Mr. O'Connor previously served as Chief Financial Officer of Thrive Pet Healthcare, a veterinary services platform, and held senior finance, investor relations, and capital markets roles at Zoetis and Pfizer.

Scott Morris, President & Co-Founder

Mr. Morris is a co-founder of Freshpet, established in 2006. He has served as President since March 2016. Previously at Freshpet, he held roles as Chief Operating Officer from July 2015 to August 2024, Chief Marketing Officer from 2014 to 2015, and Senior Vice President of Sales and Marketing from 2010 to 2013. Before co-founding Freshpet, Mr. Morris was Vice President of Marketing at The Meow Mix Company from 2002 to 2006 and worked at Ralston Purina from 1990 to 2002 in various sales and marketing leadership positions.

Nicki Baty, Chief Operating Officer

Ms. Baty serves as the Chief Operating Officer for Freshpet.

Thembi Machaba, Chief Human Resources Officer

Ms. Machaba is the Chief Human Resources Officer at Freshpet.

AI Analysis | Feedback

Here are the key risks to Freshpet's business:

  1. Execution Risk on Growth Strategy and Slowing Growth: Freshpet's continued success is heavily dependent on its ability to expand manufacturing capacity, broaden its distribution network by installing new refrigerators, and successfully launch new products. There are concerns that the company's sales growth has been decelerating, which could impact its valuation and profitability if growth rates slow more than anticipated. The company has set ambitious long-term targets that require effective coordination and execution across multiple operational fronts.
  2. Product Quality, Recalls, and Brand Reputation: Due to the perishable nature of its fresh pet food products, Freshpet faces elevated food safety risks compared to manufacturers of dry kibble. Any incidents of product contamination, recalls, regulatory non-compliance, or negative publicity could severely damage consumer trust, lead to significant declines in sales, and result in legal liabilities. The company has experienced past voluntary recalls due to potential Salmonella contamination, highlighting this ongoing risk.
  3. Supply Chain Vulnerabilities and Input Cost Volatility: Freshpet relies on a robust supply chain to source its fresh ingredients and manage its manufacturing and distribution. This makes the company vulnerable to various supply chain disruptions, including potential cost overruns in manufacturing expansion and the availability and cost of raw materials. Furthermore, the perishable nature of Freshpet's ingredients and products creates a more rigid supply chain, making it susceptible to issues like input cost spikes and operational disruptions.

AI Analysis | Feedback

The increasing market penetration and growth of direct-to-consumer (DTC) subscription services offering personalized, human-grade fresh pet food (e.g., The Farmer's Dog, Ollie). These services leverage a different business model focused on convenience, customization, and home delivery, potentially diverting health-conscious pet owners from Freshpet's retail-centric offerings.

AI Analysis | Feedback

Freshpet, Inc. operates within the growing market for natural fresh meals and treats for dogs and cats across the United States, Canada, and Europe. The addressable markets for their main products are substantial and show significant growth potential in these regions.

United States

  • The U.S. fresh pet food market is projected to increase by USD 3.2 billion between 2024 and 2029, with a compound annual growth rate (CAGR) of 21.2%.
  • In 2024, the U.S. Fresh Pet Food Market was valued at USD 710.15 million and is expected to reach USD 2,700.68 million by 2033, growing at a CAGR of 16% from 2026–2033.
  • Within the broader U.S. pet food category, which was valued at $54 billion for the 52 weeks ending December 28, 2024, Freshpet held a 3.4% market share in the $37 billion U.S. dog food & treats segment.
  • Freshpet holds a dominant position within the fresh pet food segment in the U.S., with a 96% market share.
  • The U.S. cat food market is estimated to reach USD 21.94 billion in 2025 and is projected to grow to USD 29.84 billion by 2031, at a CAGR of 5.26% from 2026–2031.

Canada

  • The Canadian pet food products market generated USD 4,521.8 million in revenue in 2022 and is anticipated to reach USD 7,127.1 million by 2030, with a CAGR of 5.9% from 2023 to 2030.
  • The overall Canadian pet food market is estimated to reach US$5.6 billion by 2030, growing at a CAGR of 4.9% during the forecast period of 2024-2030.
  • In 2024, retail sales of pet food in Canada totaled Can$6.7 billion, with dog and cat food sales accounting for Can$6.6 billion.
  • The Canada pet food market is expected to grow from USD 5.38 billion in 2025 to USD 7.41 billion by 2031 at a 5.47% CAGR.

Europe

  • The Europe fresh pet food market is projected to grow at a CAGR of 18.5% between 2025 and 2033, with an estimated size of USD 6.2 billion in 2025, and is expected to reach USD 24 billion by 2033.
  • The European pet food market size was valued at USD 37.77 billion in 2025 and is projected to reach USD 63.29 billion by 2034, demonstrating a CAGR of 5.90% from 2026-2034.
  • In 2024, the Europe pet food market was estimated at USD 36.39 billion and is projected to grow at a CAGR of 4.1% from 2025 to 2030.
  • The Europe pet food market size in 2026 is estimated at USD 60.41 billion, with projections showing growth to USD 78.51 billion by 2031, at a 5.38% CAGR over 2026-2031.
  • Dog food holds a significant share, dominating the Europe pet food market with 42.09% in 2025.

AI Analysis | Feedback

Freshpet, Inc. (FRPT) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

  1. Increased Retail Availability and Fridge Placement: Freshpet continues to expand its physical footprint by placing new refrigerators, upgrading existing ones, and adding second or third fridges in current retail locations across grocery, mass, club, and pet specialty channels. This strategy directly enhances product visibility and accessibility for consumers. For instance, in Q1 2024, the company placed 617 fridges, reaching a total of 34,812 fridges at retail. In 2025, Freshpet experienced its best year for new store growth in a decade, largely driven by expansion in club stores, ending the year with products in 30,235 stores and 39,347 fridges in the field.
  2. Growing Household Penetration and Consumer Demand: The company is focused on increasing the number of households purchasing its products, particularly targeting "Heavy User Pet Parent Households" (HIPPOHs) through advertising and marketing efforts. Freshpet's growth rate is aligned with its 2027 target of reaching 20 million households, with household penetration reaching 15.2 million households, up 10% year-over-year, by the end of 2025. Volume growth is consistently cited as a primary driver of net sales increases, reflecting a sustained consumer shift towards fresh pet food.
  3. Expansion of Manufacturing Capacity: To support anticipated increases in demand and distribution, Freshpet is investing in expanding its manufacturing capacity, including new production lines and facilities like the NIS (Freshpet Kitchens) plant. This expansion is critical to prevent capacity constraints from limiting sales growth and to meet the increasing volume requirements.
  4. Digital Sales and Omni-channel Growth: Freshpet is actively pursuing growth in digital sales and developing an omni-channel strategy to reach consumers through various online and offline touchpoints. By the end of 2025, digital sales accounted for 14% of the company's total business.
  5. Product Mix and Innovation: While not always explicitly detailed as new product launches, commentary on "positive price/mix primarily driven by mix" and ongoing development of "new manufacturing technologies" indicates that optimizing the product portfolio, potentially introducing higher-value offerings, and leveraging technological advancements in production contribute to revenue growth.

AI Analysis | Feedback

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Share Repurchases

  • Freshpet made share repurchases of $2.595 million in 2024 and $1.4 million in 2023.
  • The company's repurchase of common stock in the latest twelve months, as of late 2024, was approximately $4.209 million.

Share Issuance

  • In March 2023, Freshpet issued $402.5 million in convertible notes.
  • In 2025, Restricted Stock Units (RSUs) were granted to key executives as retention incentives, with vesting tied to specific financial goals, including net sales and Adjusted EBITDA margin.
  • The number of common shares issued increased from 48,716 at December 31, 2024, to 48,985 at December 31, 2025.

Outbound Investments

  • Freshpet received $95.5 million in proceeds from the sale of its equity investment in Ollie subsequent to the fourth quarter of 2025.

Capital Expenditures

  • Capital expenditures for 2025 amounted to approximately $148.2 million, with plans to spend around $150.0 million in 2026.
  • In 2024, capital expenditures were $187.1 million.
  • The primary focus of these expenditures includes expanding manufacturing capacity, particularly with facilities like Freshpet Kitchens Ennis in Texas, and investing in Freshpet Fridges for retail placement.
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Better Bets vs. Freshpet (FRPT)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

FRPTGISSJMCHWYCENTWOOFMedian
NameFreshpet General .JM Smuck.Chewy Central .Petco He. 
Mkt Price57.4336.01115.6418.5544.912.7140.46
Mkt Cap2.819.312.37.72.80.85.2
Rev LTM1,13618,3719,05112,8433,1635,9657,508
Op Inc LTM912,6721,343306259129283
FCF LTM471,6501,156584282162433
FCF 3Y Avg-332,16487243431961376
CFO LTM1962,2261,474714328299521
CFO 3Y Avg1482,8621,304578362213470

Growth & Margins

FRPTGISSJMCHWYCENTWOOFMedian
NameFreshpet General .JM Smuck.Chewy Central .Petco He. 
Rev Chg LTM12.0%-6.5%3.7%6.1%0.2%-1.9%2.0%
Rev Chg 3Y Avg21.9%-2.7%2.1%7.0%-1.0%-0.8%0.6%
Rev Chg Q13.1%-8.4%5.8%7.7%8.7%0.2%6.8%
QoQ Delta Rev Chg LTM3.1%-2.2%1.4%1.9%2.3%0.1%1.7%
Op Inc Chg LTM407.3%-25.7%-18.8%144.9%26.5%220.2%85.7%
Op Inc Chg 3Y Avg1,476.0%-3.7%6.1%246.3%9.3%685.1%127.8%
Op Mgn LTM8.1%14.5%14.8%2.4%8.2%2.2%8.1%
Op Mgn 3Y Avg3.3%17.0%17.2%1.2%7.3%0.9%5.3%
QoQ Delta Op Mgn LTM1.2%-1.0%0.5%0.4%0.5%0.1%0.4%
CFO/Rev LTM17.3%12.1%16.3%5.6%10.4%5.0%11.2%
CFO/Rev 3Y Avg14.7%14.7%15.1%4.8%11.3%3.5%13.0%
FCF/Rev LTM4.1%9.0%12.8%4.6%8.9%2.7%6.7%
FCF/Rev 3Y Avg-4.4%11.1%10.0%3.5%9.9%1.0%6.7%

Valuation

FRPTGISSJMCHWYCENTWOOFMedian
NameFreshpet General .JM Smuck.Chewy Central .Petco He. 
Mkt Cap2.819.312.37.72.80.85.2
P/S2.51.11.40.60.90.11.0
P/Op Inc30.87.29.225.110.66.09.9
P/EBIT17.37.738.723.99.76.313.5
P/E14.18.7-89.030.116.1137.815.1
P/CFO14.48.78.410.88.42.68.5
Total Yield7.1%18.3%2.6%3.3%6.2%0.7%4.8%
Dividend Yield0.0%6.8%3.8%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-0.4%7.2%7.5%4.1%12.9%7.2%7.2%
D/E0.20.70.60.10.53.60.5
Net D/E0.00.70.6-0.00.33.40.4

Returns

FRPTGISSJMCHWYCENTWOOFMedian
NameFreshpet General .JM Smuck.Chewy Central .Petco He. 
1M Rtn9.7%7.0%12.3%-12.5%14.1%-7.5%8.4%
3M Rtn2.7%0.5%22.8%-29.0%21.3%0.4%1.6%
6M Rtn-10.5%-21.1%18.5%-42.9%37.4%-7.5%-9.0%
12M Rtn-15.9%-24.5%25.3%-57.3%28.1%-2.9%-9.4%
3Y Rtn-8.5%-49.4%-14.0%-51.9%46.0%-69.6%-31.7%
1M Excs Rtn12.0%9.2%14.5%-10.2%16.3%-5.3%10.6%
3M Excs Rtn-15.9%-11.9%9.4%-44.9%6.8%-15.0%-13.4%
6M Excs Rtn-17.4%-26.8%14.1%-48.4%32.8%-12.7%-15.0%
12M Excs Rtn-36.1%-45.6%5.1%-77.2%7.8%-22.5%-29.3%
3Y Excs Rtn-76.3%-118.1%-83.4%-119.9%-22.7%-137.1%-100.8%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Fresh pet food products1,102975767  
Grocery, Mass, International and Digital   525357
Pet Specialty and Club   7069
Total1,102975767595425


Net Income by Segment
$ Mil202520242023
Fresh pet food products13947-34
Total13947-34


Price Behavior

Price Behavior
Market Price$57.43 
Market Cap ($ Bil)2.8 
First Trading Date11/07/2014 
Distance from 52W High-32.8% 
   50 Days200 Days
DMA Price$55.69$60.63
DMA Trenddowndown
Distance from DMA3.1%-5.3%
 3M1YR
Volatility53.8%51.0%
Downside Capture14.5869.67
Upside Capture16.6633.16
Correlation (SPY)17.8%18.3%
FRPT Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta-1.930.661.050.630.820.99
Up Beta-3.760.711.461.041.010.90
Down Beta1.781.731.040.051.181.23
Up Capture-293%-23%-30%38%14%52%
Bmk +ve Days13283667141432
Stock +ve Days9212862119384
Down Capture-37%177%208%91%103%102%
Bmk -ve Days7132757109318
Stock -ve Days11203562129364

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FRPT
FRPT-10.2%50.6%-0.04-
Sector ETF (XLP)7.8%13.1%0.3119.4%
Equity (SPY)21.2%12.4%1.2616.6%
Gold (GLD)21.8%27.7%0.7010.4%
Commodities (DBC)21.8%18.6%0.92-10.6%
Real Estate (VNQ)16.1%13.6%0.8521.2%
Bitcoin (BTCUSD)-44.7%42.5%-1.2711.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FRPT
FRPT-17.6%50.2%-0.21-
Sector ETF (XLP)7.0%13.4%0.3022.9%
Equity (SPY)13.4%17.1%0.6139.2%
Gold (GLD)17.8%18.3%0.797.5%
Commodities (DBC)7.4%19.5%0.2810.8%
Real Estate (VNQ)3.4%18.9%0.0831.8%
Bitcoin (BTCUSD)10.7%54.0%0.3923.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FRPT
FRPT20.8%48.9%0.57-
Sector ETF (XLP)7.4%14.8%0.3731.4%
Equity (SPY)15.2%18.0%0.7243.5%
Gold (GLD)11.8%16.1%0.607.3%
Commodities (DBC)5.9%18.0%0.2614.8%
Real Estate (VNQ)5.6%20.7%0.2336.4%
Bitcoin (BTCUSD)54.6%66.4%0.9518.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity9.5 Mil
Short Interest: % Change Since 53120261.2%
Average Daily Volume1.4 Mil
Days-to-Cover Short Interest6.6 days
Basic Shares Quantity49.1 Mil
Short % of Basic Shares19.4%

Earnings Returns History

Updated 6/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/6/2026-8.7%-14.8%-18.2%
2/23/20265.5%13.3%-13.2%
11/3/202514.3%12.3%26.4%
8/4/20256.3%-4.7%-17.0%
5/5/20253.6%5.4%6.5%
2/20/2025-18.5%-18.1%-33.8%
11/4/202412.6%17.0%17.1%
8/5/2024-0.6%4.9%12.3%
...
SUMMARY STATS   
# Positive141514
# Negative10910
Median Positive8.4%7.9%12.7%
Median Negative-6.7%-13.5%-17.6%
Max Positive19.7%20.4%26.4%
Max Negative-18.5%-38.2%-33.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/6/2026-8.7%-14.8%-18.2%
2/23/20265.5%13.3%-13.2%
11/3/202514.3%12.3%26.4%
8/4/20256.3%-4.7%-17.0%
5/5/20253.6%5.4%6.5%
2/20/2025-18.5%-18.1%-33.8%
11/4/202412.6%17.0%17.1%
8/5/2024-0.6%4.9%12.3%
5/6/202410.4%9.6%19.0%
2/26/202419.7%20.4%24.6%
11/6/202316.9%15.1%22.9%
8/7/202311.5%7.9%3.3%
5/8/2023-2.7%-0.6%-7.5%
2/27/20231.7%2.7%3.2%
11/1/20226.2%14.1%9.3%
8/8/2022-15.1%-13.5%-30.8%
5/2/2022-10.9%-38.2%-27.6%
2/28/202215.2%2.6%6.6%
11/8/2021-16.3%-16.2%-27.9%
8/2/2021-1.8%-4.0%-10.6%
5/3/2021-4.7%-6.7%-5.6%
2/22/2021-2.7%6.2%0.6%
11/2/20205.8%5.3%13.1%
8/3/20204.0%3.4%13.9%
SUMMARY STATS   
# Positive141514
# Negative10910
Median Positive8.4%7.9%12.7%
Median Negative-6.7%-13.5%-17.6%
Max Positive19.7%20.4%26.4%
Max Negative-18.5%-38.2%-33.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202502/23/202610-K
09/30/202511/03/202510-Q
06/30/202508/04/202510-Q
03/31/202505/05/202510-Q
12/31/202402/20/202510-K
09/30/202411/04/202410-Q
06/30/202408/05/202410-Q
03/31/202405/06/202410-Q
12/31/202302/26/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202202/28/202310-K
09/30/202211/08/202210-Q
06/30/202208/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202502/23/202610-K
09/30/202511/03/202510-Q
06/30/202508/04/202510-Q
03/31/202505/05/202510-Q
12/31/202402/20/202510-K
09/30/202411/04/202410-Q
06/30/202408/05/202410-Q
03/31/202405/06/202410-Q
12/31/202302/26/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202202/28/202310-K
09/30/202211/08/202210-Q
06/30/202208/09/202210-Q
03/31/202205/03/202210-Q
12/31/202103/01/202210-K
09/30/202111/09/202110-Q
06/30/202108/03/202110-Q
03/31/202105/04/202110-Q
12/31/202002/22/202110-K
09/30/202011/03/202010-Q
06/30/202008/04/202010-Q
03/31/202005/05/202010-Q
12/31/201902/25/202010-K
09/30/201911/05/201910-Q
06/30/201908/06/201910-Q

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 5/6/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue Growth8.0%9.5%11.0%11.8%1.0%RaisedGuidance: 8.5% for 2026
2026 Adjusted EBITDA205.00 Mil210.00 Mil215.00 Mil0 AffirmedGuidance: 210.00 Mil for 2026
2026 Capital Expenditures 150.00 Mil 0 AffirmedGuidance: 150.00 Mil for 2026

Prior: Q4 2025 Earnings Reported 2/23/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Sales Growth7.0%8.5%10.0%-34.6%-4.5%Lower NewActual: 13.0% for 2025
2026 Adjusted EBITDA205.00 Mil210.00 Mil215.00 Mil9.1% Higher NewActual: 192.50 Mil for 2025
2026 Capital Expenditures 150.00 Mil 7.1% Higher NewActual: 140.00 Mil for 2025

Insider Activity

Updated 5/27/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Cyr, William BChief Executive OfficerDirectSell527202651.0342,4952,168,38211,453,417Form
2Cyr, William BChief Executive OfficerSpouseSell527202651.1892347,2391,308,417Form
3Cyr, William BChief Executive OfficerIrrevocable Spousal Trust for Linda W. CyrSell527202651.181,80392,2783,103,146Form
4Cyr, William BChief Executive OfficerLinda W. Cyr 2020 Irrevocable Trust for DescendantsSell527202651.181,59381,5302,872,273Form
5Cyr, William BChief Executive OfficerDirectSell522202647.9242,9072,056,1039,803,713Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Cyr, William BChief Executive OfficerDirectSell527202651.0342,4952,168,38211,453,417Form
2Cyr, William BChief Executive OfficerSpouseSell527202651.1892347,2391,308,417Form
3Cyr, William BChief Executive OfficerIrrevocable Spousal Trust for Linda W. CyrSell527202651.181,80392,2783,103,146Form
4Cyr, William BChief Executive OfficerLinda W. Cyr 2020 Irrevocable Trust for DescendantsSell527202651.181,59381,5302,872,273Form
5Cyr, William BChief Executive OfficerDirectSell522202647.9242,9072,056,1039,803,713Form
6Cyr, William BChief Executive OfficerSpouseSell522202647.5299947,4721,039,167Form
7Cyr, William BChief Executive OfficerIrrevocable Spousal Trust for Linda W. CyrSell522202647.521,95192,7122,537,806Form
8Cyr, William BChief Executive OfficerLinda W. Cyr 2020 Irrevocable Trust for DescendantsSell522202647.521,72581,9722,363,312Form
9Brewster, Daryl G DirectBuy522202647.5221110,0272,829,578Form
10Steeneck, Craig D DirectBuy522202647.832,00095,6601,793,625Form
11Cyr, William BChief Executive OfficerDirectSell519202648.9042,6922,087,8349,053,362Form
12Cyr, William BChief Executive OfficerSpouseSell519202650.0495947,988913,080Form
13Cyr, William BChief Executive OfficerIrrevocable Spousal Trust for Linda W. CyrSell519202650.041,87493,7752,318,153Form
14Cyr, William BChief Executive OfficerLinda W. Cyr 2020 Irrevocable Trust for DescendantsSell519202650.041,65682,8662,175,589Form
15Cyr, William BChief Executive OfficerDirectSell519202649.3242,6932,105,4878,159,285Form
16Cyr, William BChief Executive OfficerSpouseSell519202649.0995947,077716,027Form
17Cyr, William BChief Executive OfficerIrrevocable Spousal Trust for Linda W. CyrSell519202649.091,87491,9951,922,855Form
18Cyr, William BChief Executive OfficerLinda W. Cyr 2020 Irrevocable Trust for DescendantsSell519202649.091,65781,3421,823,792Form
19Cyr, William BChief Executive OfficerDirectSell515202648.8142,4972,074,2847,115,053Form
20Cyr, William BChief Executive OfficerSpouseSell515202650.6392346,731553,133Form
21Cyr, William BChief Executive OfficerIrrevocable Spousal Trust for Linda W. CyrSell515202650.631,80491,3371,620,869Form
22Cyr, William BChief Executive OfficerLinda W. Cyr 2020 Irrevocable Trust for DescendantsSell515202650.631,59480,7041,560,822Form
23Cyr, William BChief Executive OfficerDirectSell513202650.5242,3282,138,6086,360,954Form
24Cyr, William BChief Executive OfficerSpouseSell513202652.7389247,031381,096Form
25Cyr, William BChief Executive OfficerIrrevocable Spousal Trust for Linda W. CyrSell513202652.721,74291,8381,306,823Form
26Cyr, William BChief Executive OfficerLinda W. Cyr 2020 Irrevocable Trust for DescendantsSell513202652.731,54081,1961,288,652Form
27George, Walter N DirectBuy511202654.672,000109,3402,774,284Form
28George, Walter N DirectBuy226202679.0463049,7953,727,289Form
29Morris, Scott JamesPresidentTrustSell1209202562.335,142320,4751,923,225Form
30Morris, Scott JamesPresidentDirectSell1110202555.2163,1353,485,4948,859,399Form
31George, Walter N DirectBuy918202552.571,00052,5702,445,924Form
32Fajemirokun-Beck, Olufunlayo Olurinde DirectBuy916202553.1237820,079510,749Form
33Alexander, Lisa AxtGC & Corp. Sec.DirectBuy911202553.531005,353152,132Form
34McLevish, Timothy R DirectBuy911202556.003,500196,0001,976,240Form
35Brewster, Daryl G DirectBuy911202557.0021612,3123,291,465Form
36Kelley, Jacki Sue DirectBuy911202556.5081445,991672,746Form
Core Cache Last Updated: 6/26/2026