Freshpet, Inc. Financial Ratios — FRPT Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-40.65	-42.65	-3.29	-2.64	-3.27	-3.92	-0.74	-0.95	-4.87	-6.23	-2.6	3.09	8.3
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	49.46	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.63	- -
Gross Margin (%)	47.42	43.06	48.66	47.04	46.54	47.53	46.57	46.45	41.69	38.11	31.25	32.71	40.6	40.8
EBITDA Margin (%)	-23.02	-10.19	0.4	3.38	5.92	6.52	4.75	6.37	6	1.36	-2.93	3.66	11.45	15.01
Operating Margin (%)	-33.89	-19.6	-7.01	-3.14	-1.71	-1.81	-2.53	-0.1	-0.63	-5.8	-8.73	-3.97	3.9	6.87
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	32.86	29.7
Pretax Margin (%)	-42.79	-34.29	-42.99	-3.14	-2.39	-2.75	-2.73	-0.5	-0.98	-6.47	-9.32	-4.11	4.87	6.42
Profit Margin (%)	-42.87	-34.34	-43.04	-3.19	-2.44	-2.8	-2.77	-0.56	-1	-6.98	-9.99	-4.38	4.81	12.63
Net Income to Common Margin (%)	-61.14	-47.95	-56.04	-3.19	-2.44	-2.8	-2.77	-0.56	-1	-6.98	-9.99	-4.38	4.81	12.63
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.26	- -
Dvd Payout Ratio (%)	29.89	28.38	23.21	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	44	76	- -	- -	7	- -	- -	64	8	7	6	425	424	495
ST Debt	- -	- -	- -	- -	7	- -	- -	1	1	1	2	3	3	5
LT Debt	44	76	- -	- -	- -	- -	- -	63	7	6	4	422	421	490
Total Debt/EBITDA	-4.4	-11.83	- -	- -	0.91	- -	- -	4.09	0.44	1.22	-0.33	15.14	3.8	2.99
Net Debt/EBITDA	-4.23	-11.45	-105.25	-2.05	0.4	-0.22	-0.82	2.87	-3.52	-12.54	7.62	3.43	1.13	0.72
Total Debt/EBIT	-2.99	-6.15	- -	- -	-3.16	- -	- -	-253.2	-4.2	-0.29	-0.11	-13.96	11.16	6.54
Net Debt/EBIT	-2.88	-5.95	5.96	2.2	-1.4	0.79	1.55	-177.84	33.66	2.95	2.55	-3.16	3.33	1.58
EBITDA to Interest Expense	-2.84	-0.74	0.01	8.64	10.99	10.92	31.02	15.81	15.78	2.01	-3.35	1.99	9.1	11.71
EBITDA-CapEx/Interest Expense	-10.31	-3.58	-0.55	-61.85	-31.91	-3.36	-23.96	-55.46	-95.25	-109.75	-47.52	-14.97	-6.16	1.22
EBIT to Interest Expense	-4.17	-1.42	-0.2	-8.02	-3.17	-3.02	-16.51	-0.26	-1.65	-8.56	-9.98	-2.16	3.1	5.36
Interest Expense	4	9	31	- -	1	1	- -	1	1	3	5	14	12	14
Common Equity/Total Assets	-285.35	-235.57	-164.34	-166.7	-151.6	-146.34	-143.83	-85.84	-47.4	-30.03	-26.22	-22.44	-17.89	-8.02
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	47.9	1.8	0.79	0.41	44.23	39.86	40.58
Long-Term Debt/Capital (%)	752.9	255.44	- -	- -	- -	- -	- -	-45.35	-3.59	-2.5	-1.45	437.62	295.54	139.18
Long-Term Debt/Total Assets (%)	99.92	121.55	- -	- -	- -	- -	- -	26.63	1.63	0.73	0.37	28.8	26.71	27.59
Total Debt/Equity (%)	-310.53	-254.85	- -	- -	6.49	- -	- -	48.8	2.13	0.99	0.55	44.58	40.18	40.95
Total Debt/Capital (%)	752.9	255.44	- -	- -	-3.79	- -	- -	-46.21	-4.25	-3.1	-1.97	441.06	297.95	140.48
Total Debt/Total Assets (%)	99.92	121.55	- -	- -	5.54	- -	- -	27.13	1.93	0.9	0.51	29.03	26.93	27.84
Net Debt to Equity	-299.01	-246.66	-35.07	-7.72	2.87	-1.87	-6.22	34.28	-17.06	-10.11	-12.87	10.09	11.99	9.87
Net Debt/Capital (%)	1,005.68	269.34	16.4	4.08	-1.64	1.1	3.62	-30.38	25.4	24.16	31.45	-47.98	-100.18	160.45
EBITDA	-10	-6	- -	4	8	10	9	16	19	6	-17	28	112	165
EBITDA-CapEx	-36	-31	-17	-28	-22	-3	-7	-55	-115	-316	-247	-211	-75	17
Operating Income (Loss)	-15	-12	-6	-4	-2	-3	-5	- -	-2	-25	-52	-30	38	76

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.14	0.3	4	1.23	0.21	0.13	0.41	0.23	2.03	1.23	1.48	3.33	2.72	3.54
Current Ratio	0.73	1.42	5.54	2.78	1.03	1.61	1.7	1.29	3.29	2.55	2.92	4.79	4.42	5.54
Quick Ratio	0.38	0.73	4.59	2	0.69	0.89	1.09	0.67	2.59	1.82	2.12	3.96	3.41	4.35
CFO/Avg Current Liab	- -	-1.14	-0.93	0.74	0.92	0.58	1.06	0.54	0.56	0.01	-0.58	0.85	1.64	1.81
Common Equity/Total Assets	-285.35	-235.57	-164.34	-166.7	-151.6	-146.34	-143.83	-85.84	-47.4	-30.03	-26.22	-22.44	-17.89	-8.02
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	47.9	1.8	0.79	0.41	44.23	39.86	40.58
Long-Term Debt/Capital (%)	752.9	255.44	- -	- -	- -	- -	- -	-45.35	-3.59	-2.5	-1.45	437.62	295.54	139.18
Long-Term Debt/Total Assets (%)	99.92	121.55	- -	- -	- -	- -	- -	26.63	1.63	0.73	0.37	28.8	26.71	27.59
Total Debt/Equity (%)	-310.53	-254.85	- -	- -	6.49	- -	- -	48.8	2.13	0.99	0.55	44.58	40.18	40.95
Total Debt/Capital (%)	752.9	255.44	- -	- -	-3.79	- -	- -	-46.21	-4.25	-3.1	-1.97	441.06	297.95	140.48
Total Debt/Total Assets (%)	99.92	121.55	- -	- -	5.54	- -	- -	27.13	1.93	0.9	0.51	29.03	26.93	27.84
CFO/Total Liabilities	-14.95	-12.15	-88.5	73.67	68.56	60.42	100.46	15.56	52.69	1	-46.08	14.86	29.7	28.21
CFO/CapEx	-0.33	-0.45	-0.47	0.21	0.43	0.79	1.14	0.23	0.16	- -	-0.19	0.32	0.82	1.08
Altman's Z-Score	-4.2	-2.88	14.12	17.54	9.84	22.18	36.23	12.05	84.48	38.11	15.78	5.32	9	4.02

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	20.12	19.59	18.75	16.3	14.1	15.43	15.91	17.22	15.99	12.89	13.42	15.58	16.67
Days Sales Outstanding	- -	18.14	18.63	19.46	22.4	25.88	23.66	22.94	21.19	22.83	28.31	27.21	23.43	21.89
Inventory Turnover	- -	7.7	6.95	8.69	11.31	10.3	10.62	12.05	11.74	9.63	8.72	8.49	8.04	8.28
Days Inventory Outstanding	- -	47.38	52.55	42.02	32.26	35.43	34.35	30.3	31.09	37.9	41.85	42.98	45.38	44.08
Accounts Payable Turnover	- -	4.86	7.92	10.1	10.02	10.54	11.17	9.69	10.96	9.47	8.84	11.43	15.86	15.89
Accounts Payable Turnover Days	- -	75.11	46.11	36.13	36.43	34.61	32.67	37.66	33.3	38.52	41.27	31.94	23.02	22.97
Cash Conversion Cycle	- -	-9.58	25.07	25.35	18.22	26.7	25.34	15.58	18.97	22.2	28.89	38.24	45.79	43
Inventory to Cash Days	- -	-29.25	-33.92	-22.55	-9.86	-9.55	-10.7	-7.36	-9.89	-15.08	-13.54	-15.77	-21.96	-22.19
Inventories	4	6	7	7	5	10	9	13	19	36	58	63	81	77
Raw Materials	2	2	3	3	2	3	4	6	11	16	27	22	24	21
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	2	3	4	4	3	7	5	7	8	20	32	42	57	56
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	233	286	342	654	1,136	2,124	5,645	4,090	2,437	4,179	7,181	2,973
- Cash & Cash Equivalents	2	2	36	8	4	2	8	9	67	73	133	297	269	278
+ Preferred Equity and Hybrid Capital	88	101	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	44	76	- -	- -	7	- -	- -	64	8	7	6	425	424	495
Enterprise Value	130	175	196	275	345	651	1,129	2,179	5,586	4,024	2,310	4,307	7,337	3,190
Total Capital	6	30	-185	-189	-185	-196	-201	-139	-197	-228	-289	96	142	352
Total Debt/Capital (%)	752.9	255.44	- -	- -	-3.79	- -	- -	-46.21	-4.25	-3.1	-1.97	441.06	297.95	140.48
Total Debt / EV	0.34	0.44	- -	- -	0.02	- -	- -	0.03	- -	- -	- -	0.1	0.06	0.16
EV/Sales	2.99	2.77	2.26	2.37	2.66	4.28	5.84	8.86	17.52	9.46	3.88	5.62	7.52	2.9
EV/EBITDA	- -	- -	569.83	70.08	44.95	65.52	122.92	139.06	292.07	693.25	- -	153.43	65.73	19.29
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	193.08	42.16
EV/Cash Flow to Firm	- -	- -	8.7	38.21	25.52	58.17	59.79	125.06	249.05	1,134.91	- -	47.78	44.09	16.94
EV/Free Cash Flow to Firm	6.13	7.83	4.95	7.01	7.93	26.91	32.11	24.74	35.58	12.36	12.03	13.08	20.76	9.48
Diluted Market Cap	- -	- -	233	286	342	654	1,136	2,124	5,645	4,090	2,437	4,179	7,443	3,414
Diluted Enterprise Value	130	175	196	278	345	651	1,129	2,179	5,586	4,024	2,310	4,307	7,599	3,631
EV per Share	6.26	8.42	14.4	8.16	10.24	18.89	31.95	60.61	140.51	93.74	50.02	89.42	151.32	65.38
TTM Sales	44	63	87	116	130	152	193	246	319	425	595	767	975	1,102
TTM EBITDA	-10	-6	- -	4	8	10	9	16	19	6	-17	28	112	165
TTM Operating Income	-15	-12	-6	-4	-2	-3	-5	- -	-2	-25	-52	-30	38	76
TTM Cash Flow to Firm	-5	-2	23	7	14	11	19	17	22	4	-38	90	166	188
TTM Free Cash Flow to Firm	21	22	40	39	43	24	35	88	157	326	192	329	353	337

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	25.54	7.39	7.99	28.08	32.6	24.43	36.24	12.67	13.05	13.26	21.8	11.06
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	193.08	42.16
Enterprise Value	130	175	196	275	345	651	1,129	2,179	5,586	4,024	2,310	4,307	7,337	3,190
Low Price	- -	- -	13.3	5.89	5.6	9.25	15.67	31.27	40.79	83.15	36.02	45.13	82.16	46.76
EV/Sales	2.99	2.77	2.26	2.37	2.66	4.28	5.84	8.86	17.52	9.46	3.88	5.62	7.52	2.9
EV/EBITDA	- -	- -	569.83	70.08	44.95	65.52	122.92	139.06	292.07	693.25	- -	153.43	65.73	19.29
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	153.04	21.37
Price/Earnings Average	- -	- -	-4.83	-137.87	-92.12	-117.6	-177.51	-1,189.79	-1,158.16	-212.46	-53.78	-95.73	127.79	27.75
Price/Earnings High	- -	- -	-5.73	-235.64	-125.83	-165.87	-267.42	-1,589.81	-1,840.23	-270.29	-92.21	-127.31	166.27	57.54
Price/Earnings Low	- -	- -	-3.73	-53.55	-59.66	-74.84	-103.26	-812.84	-508.69	-120.2	-27.97	-64.66	84.89	16.4
Price/Book Value	- -	- -	-1.26	-1.52	-1.78	-3.34	-5.64	-10.48	-27.42	-17.36	-8.26	-12.71	-25.49	-20.85
Price/Book Value Average	- -	- -	-1.27	-2.71	-1.52	-2.56	-4.73	-8.12	-17.93	-26.78	-10.84	-9.79	-21.28	-27.07
Price/Book Value High	- -	- -	-1.51	-4.64	-2.07	-3.61	-7.12	-10.85	-28.5	-34.07	-18.59	-13.02	-27.69	-56.14
Price/Book Value Low	- -	- -	-0.98	-1.05	-0.98	-1.63	-2.75	-5.55	-7.88	-15.15	-5.64	-6.61	-14.14	-16
Price/Tangible Book Value	- -	- -	2.25	2.76	3.17	5.59	9.35	16.18	14.32	5.68	2.36	4.38	6.8	2.46
Price/Tangible Book Value Average	- -	- -	2.27	4.92	2.7	4.29	7.83	12.54	9.37	8.77	3.1	3.37	5.68	3.19
Price/Tangible Book Value High	- -	- -	2.7	8.41	3.69	6.05	11.8	16.75	14.88	11.15	5.32	4.49	7.39	6.62
Price/Tangible Book Value Low	- -	- -	1.75	1.91	1.75	2.73	4.56	8.56	4.11	4.96	1.61	2.28	3.77	1.89
Price/Sales	- -	- -	2.68	2.47	2.64	4.29	5.88	8.64	17.71	9.61	4.09	5.45	7.36	2.7
Price/Sales Average	- -	- -	2.71	4.4	2.24	3.29	4.92	6.69	11.58	14.83	5.37	4.2	6.15	3.5
Price/Sales High	- -	- -	3.21	7.53	3.07	4.64	7.42	8.94	18.4	18.87	9.22	5.58	8	7.27
Price/Sales Low	- -	- -	2.09	1.71	1.45	2.09	2.86	4.57	5.09	8.39	2.79	2.83	4.09	2.07
Price/Cash Flow	- -	- -	-28.98	42.5	26.7	63.63	61.17	130.19	266.37	6,321.54	-56.39	55.03	46.55	18.52
Price/Cash Flow Average	- -	- -	-29.26	75.92	22.75	48.8	51.23	100.84	174.22	9,752.36	-74.01	42.37	38.86	24.05
Price/Cash Flow High	- -	- -	-34.73	129.76	31.07	68.84	77.18	134.75	276.82	12,406.85	-126.91	56.35	50.57	49.87
Price/Cash Flow Low	- -	- -	-22.59	29.49	14.73	31.06	29.8	68.9	76.52	5,517.33	-38.49	28.62	25.82	14.21
Price/Free Cash Flow Average	- -	- -	25.8	13.19	6.81	21.54	27.31	18.92	23.7	19.55	17.12	10.21	18.21	14.36
Price/Free Cash Flow High	- -	- -	30.62	22.55	9.3	30.38	41.14	25.29	37.66	24.87	29.36	13.58	23.69	29.78
Price/Free Cash Flow Low	- -	- -	19.91	5.12	4.41	13.71	15.88	12.93	10.41	11.06	8.9	6.9	12.09	8.49
EV/Sales Average	2.99	2.77	2.29	4.33	2.27	3.28	4.89	6.91	11.4	14.68	5.16	4.36	6.31	3.7
EV/Sales High	2.99	2.77	2.8	7.46	3.09	4.63	7.38	9.16	18.22	18.71	9	5.75	8.16	7.46
EV/Sales Low	2.99	2.77	1.67	1.64	1.48	2.08	2.83	4.79	4.9	8.24	2.58	3	4.24	2.27
EV/EBITDA Average	-12.98	-27.17	576.55	128.27	38.35	50.2	102.82	108.5	189.96	1,075.64	-176.29	119.2	55.12	24.66
EV/EBITDA High	-12.98	-27.17	703.97	220.68	52.24	70.9	155.32	143.81	303.64	1,371.5	-307.5	157.01	71.29	49.72
EV/EBITDA Low	-12.98	-27.17	421.04	48.57	24.98	31.87	59.46	75.23	81.71	603.62	-88.18	82	37.08	15.11
EV/EBIT Average	-8.82	-14.12	-32.67	-138.05	-132.85	-181.39	-193.22	-6,719.64	-1,818.5	-253.18	-59.1	-109.9	161.89	53.89
EV/EBIT High	-8.82	-14.12	-39.89	-237.51	-180.95	-256.18	-291.88	-8,906.31	-2,906.8	-322.81	-103.09	-144.76	209.41	108.67
EV/EBIT Low	-8.82	-14.12	-23.86	-52.27	-86.53	-115.16	-111.75	-4,659.08	-782.21	-142.08	-29.56	-75.6	108.93	33.02
Last Price	- -	- -	17.06	8.49	10.15	18.95	32.16	59.09	141.99	95.27	52.77	86.76	148.11	60.93
High Price	- -	- -	20.45	25.92	11.81	20.5	40.58	61.16	147.56	186.98	118.77	88.85	160.91	164.07
Enterprise Value Average	130	175	199	504	294	499	944	1,700	3,633	6,244	3,072	3,346	6,152	4,078
Enterprise Value High	130	175	243	866	401	705	1,426	2,253	5,808	7,962	5,359	4,407	7,958	8,224
Enterprise Value Low	130	175	145	191	192	317	546	1,179	1,563	3,504	1,537	2,302	4,139	2,499

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	32	32	33	34	34	35	36	36	41	43	48	48	49	49
Diluted Weighted Avg Shares	21	21	14	34	34	34	35	36	40	43	46	48	50	56
Basic Weighted Avg Shares	21	21	14	34	34	34	35	36	40	43	46	48	48	49
Revenue per Share	2.1	3.04	6.36	3.44	3.85	4.42	5.47	6.84	8.02	9.91	12.89	15.92	20.11	22.58
EBITDA per Share	-0.48	-0.31	0.03	0.12	0.23	0.29	0.26	0.44	0.48	0.14	-0.38	0.58	2.3	3.39
Operating Income per Share	-0.71	-0.6	-0.45	-0.11	-0.07	-0.08	-0.14	-0.01	-0.05	-0.57	-1.13	-0.63	0.78	1.55
Basic EPS, GAAP	-1.28	-1.46	-3.57	-0.11	-0.09	-0.12	-0.15	-0.04	-0.08	-0.69	-1.29	-0.7	0.97	2.85
Basic EPS from Cont Ops	-0.9	-1.04	-2.74	-0.11	-0.09	-0.12	-0.15	-0.04	-0.08	-0.69	-1.29	-0.7	0.97	2.85
Diluted EPS, GAAP	-1.28	-1.46	-3.57	-0.11	-0.09	-0.12	-0.15	-0.04	-0.08	-0.69	-1.29	-0.7	0.93	2.48
Diluted EPS from Cont Ops	-0.9	-1.04	-2.74	-0.11	-0.09	-0.12	-0.15	-0.04	-0.08	-0.69	-1.29	-0.7	0.93	2.48
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.42	-0.54	-0.59	0.2	0.38	0.3	0.53	0.45	0.53	0.02	-0.94	1.58	3.18	3.29
Free Cash Flow per Basic Share	-1.69	-1.74	-1.85	-0.75	-0.51	-0.08	0.07	-1.51	-2.85	-7.49	-5.92	-3.39	-0.68	0.25
Cash & Equivalents per Share	0.08	0.12	2.66	0.33	0.12	0.06	0.21	0.26	1.69	1.7	2.87	6.16	5.54	5.7
Book Value per Share	-6.06	-7.11	-13.56	-5.59	-5.69	-5.68	-5.7	-5.64	-5.18	-5.49	-6.39	-6.82	-5.81	-2.92
Tangible Book Value per Share	-4.9	-6.31	7.58	3.08	3.2	3.39	3.44	3.65	9.91	16.77	22.33	19.8	21.77	24.77

Freshpet, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)