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Freshpet, Inc. (FRPT) stock analysis

FRPTNasdaqGrain Mill ProductsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 14/3039% below fair value
$64.63+0.11 (+0.17%)

Close on Nov 12, 2026Market cap $3.11BP/E 26.1Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value4Growth4Performance3Health3Dividend0

Mixed14 of 30 checks passed

Freshpet passes 14 of the 30 checks behind our score; 11 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
4/6
Growth
4/6
Past performance
3/6
Financial health
3/6
Dividend
0/6

What stands out

  • Margin of safety over 20%

    The price is 38.7% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $64.52 is below our fair value estimate of $105.18.

  • Revenue growing 10%+ a year

    Revenue grew 22.8% a year over the last three fiscal years.

  • Interest well covered

    Operating income covers interest expense 7.6 times.

What to watch

  • Return on equity under 15%

    Return on equity was 10.9% over the last twelve months and averaged 0.3% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was 9.2%, below the 10% that usually covers the cost of capital.

  • P/E above the industry

    Freshpet's P/E of 26.0 is above the Food and Kindred Products median of 21.0.

  • P/B above the industry

    Freshpet's price-to-book of 2.52 is above the Food and Kindred Products median of 2.12.

Valuation4/6

  • P/E below its 5-year median

    Freshpet's P/E of 26.0 is below its own 5-year median of 80.1.

  • P/E above the industry

    Freshpet's P/E of 26.0 is above the Food and Kindred Products median of 21.0.

  • EV/EBITDA below its 5-year median

    Freshpet's EV/EBITDA of 13.9 is below its 5-year median of 35.2.

  • P/B above the industry

    Freshpet's price-to-book of 2.52 is above the Food and Kindred Products median of 2.12.

  • Trading below fair value

    The share price of $64.52 is below our fair value estimate of $105.18.

  • Margin of safety over 20%

    The price is 38.7% below fair value, more than the 20% cushion we look for.

Growth4/6

  • Revenue growing 10%+ a year

    Revenue grew 22.8% a year over the last three fiscal years.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 11.7% over the last twelve months; the Food and Kindred Products median is 2.7%.

  • Guidance raised

    Freshpet raised its full year 2026 Net sales growth outlook on Aug 5, 2026.

  • Gross margin improving

    Gross margin was 42.6% over the last twelve months, against 40.6% a year earlier.

Past performance3/6

  • Return on equity under 15%

    Return on equity was 10.9% over the last twelve months and averaged 0.3% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was 9.2%, below the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Freshpet's return on equity of 10.9% is above the Food and Kindred Products median of 6.6%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was 10.9% over the last twelve months, against a 5-year average of -0.8%.

  • Net margin above the industry

    Freshpet's net margin of 10.9% is above the Food and Kindred Products median of 2.7%.

Financial health3/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest well covered

    Operating income covers interest expense 7.6 times.

  • Short-term assets cover short-term debts

    Current assets are 5.68 times current liabilities.

  • Low bankruptcy risk

    The Altman Z-score is 4.31; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Freshpet has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$105.18

The share price is 39% below this estimate.

20%+ below
Near fair value
20%+ above
$64.52Price$105.18Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E45.0×80.1×21.0×$111.6047%
EV/EBITDA24.4×35.2×13.5×$107.8741%
P/B2.7×3.3×2.1×$70.0412%
Earnings powerleft out, too far from the others10.7% cost of equity––$11.48–
Fair value$105.18100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 80.1
  • Food and Kindred Products median 21.0

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$74.06M
Value traded per 1% price move
$37.92M

Downside

High risk

Typical loss in a bad month
29.8%
Volatility (annualized)
48%
Sharpe ratio, 1 year
0.26
Beta to the S&P 500 (5Y)
1.16

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

40.8%−0.9 pts over 5 years

Operating margin

6.9%+7.5 pts over 5 years

Net margin

12.6%+13.6 pts over 5 years

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