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Companies / Consumer Staples / Freshpet, Inc.
FRPT

Freshpet, Inc.

Consumer StaplesFood Products
Ticker FRPTBEDMINSTER, NJFiscal year ends DecemberBook value per share $22.13Diluted shares 55.9M

Freshpet, Inc. (NASDAQ: FRPT) operates at www.freshpet.com as a manufacturer and distributor of fresh, refrigerated pet food products in the United States, Canada, and Europe. The company disrupts the over $56 billion U.S. pet food industry by offering fresh, minimally processed dog food, cat food, and treats that… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.10B
+13.0% year over year
Last 12 mo $1.18B
6.87%
+3 percentage points
Last 12 mo 8.10%
$139.14M
+196.5% year over year
Last 12 mo $203.47M
11.51%
+7.1 percentage points
Last 12 mo 16.44%
Cash & financing
$160.56M
+4.1% year over year
Last 12 mo $206.62M
$12.38M
+137.7% year over year
Last 12 mo $61.05M
0.35
Was 0.40× a year earlier
Last 12 mo 0.35
56.0M
+11.5% year over year
Last 12 mo 55.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Freshpet, Inc. does

In the company’s own words

Freshpet, Inc. (NASDAQ: FRPT) operates at www.freshpet.com as a manufacturer and distributor of fresh, refrigerated pet food products in the United States, Canada, and Europe. The company disrupts the over $56 billion U.S. pet food industry by offering fresh, minimally processed dog food, cat food, and treats that appeal to pet owners seeking healthier alternatives to conventional kibble and canned products.

The company operates a single reportable segment focused on manufacturing, marketing, and distribution of fresh pet food. Freshpet products are sold under the Freshpet brand name, with fresh treats offered under the Dognation and Dog Joy labels. The product portfolio includes fresh slice-and-serve rolls, bags, and treats featuring real meat and poultry combined with vegetables, fruits, and whole grains without preservatives or additives.

Freshpet owns and operates the first fresh, refrigerated pet food manufacturing network in North America, consisting of three primary facilities: Freshpet Kitchens Bethlehem in Pennsylvania, Freshpet Kitchens South, and Freshpet Kitchens Ennis in Texas. In 2025, approximately 99.1 percent of product volume was manufactured with company-owned equipment. The company distributes products through approximately 30,235 retail locations as of December 31, 2025, utilizing proprietary branded refrigerators called Freshpet Fridges, which serve as distinctive point-of-sale merchandising platforms.

The company sells through multiple retail channels including grocery, mass, international, digital, pet specialty, and club retailers. Walmart and Costco represented 25 percent and 10 percent of net sales respectively in 2025, while the largest distributor accounted for less than 10 percent of sales. As of December 31, 2025, household penetration within the United States reached approximately 15.2 million households.

Freshpet employed 1,288 people as of December 31, 2025, located primarily in Bethlehem, Pennsylvania; Ennis, Texas; Bedminster, New Jersey; and Europe. The company maintains no unionized workforce. All products are manufactured in the United States except select products produced in the European Union for European customers.

Company details
Sector
Consumer Staples
Industry
Food Products
Headquarters
BEDMINSTER, NJ
Fiscal year end
December
CIK
1611647
SIC
2040

Financial performance, year by year

Fiscal 2014–2025 · USD
$-183.17M$187.87M$558.91M$929.95M$1.30B201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Freshpet, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

309
funds hold it
0 of 35
superinvestors hold it
$1.48B
held by funds, at market
51.4%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Freshpet, Inc.’s weight in each

0.19%of fund net assets
iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.16%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.39%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Freshpet, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Freshpet, Inc.’s debt, $121.07M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.00%, maturing 2028 to 2028.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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