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Freshpet Valuation Multiples
Discover revenue and EBITDA valuation multiples for Freshpet and similar public comparables like Virbac, Central Garden & Pet, Spectrum Brands, i-Tail and more.
Freshpet Overview
About Freshpet
Freshpet produces and sells premium fresh pet food through its company-owned refrigerators placed in grocery, mass and club, pet specialty, and natural stores. Freshpet primarily targets dogs (96% of 2024 sales), with cats and treats comprising the rest of its sales. Geographically, the company’s home US market, where all its food is produced, accounts for about 98% of sales, with exports to Canada, the United Kingdom, and other European countries accounting for the remaining balance.
Founded
2004
HQ
Employees
1.3K
Website
Financials (LTM)
EV
$4B
Freshpet Financials
Freshpet reported last 12-month revenue of $1B and EBITDA of $200M.
In the same LTM period, Freshpet generated $494M in gross profit, $200M in EBITDA, and $122M in net income.
Revenue (LTM)
Freshpet P&L
In the most recent fiscal year, Freshpet reported revenue of $1B and EBITDA of $196M.
Freshpet expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $494M | XXX | $450M | XXX | XXX | XXX |
| Gross Margin | 44% | XXX | 41% | XXX | XXX | XXX |
| EBITDA | $200M | XXX | $196M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $122M | XXX | $139M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $119M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Freshpet Stock Performance
Freshpet has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
Freshpet's stock price is $68.26.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 5.3% | XXX | XXX | XXX | $2.84 |
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Start Free TrialFreshpet Valuation Multiples
Freshpet trades at 3.2x EV/Revenue multiple, and 17.8x EV/EBITDA.
EV / Revenue (LTM)
Freshpet Financial Valuation Multiples
As of April 14, 2026, Freshpet has market cap of $3B and EV of $4B.
Equity research analysts estimate Freshpet's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Freshpet has a P/E ratio of 27.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBITDA | 17.8x | XXX | 18.2x | XXX | XXX | XXX |
| EV/EBIT | 42.1x | XXX | 42.9x | XXX | XXX | XXX |
| EV/Gross Profit | 7.2x | XXX | 7.9x | XXX | XXX | XXX |
| P/E | 27.5x | XXX | 24.1x | XXX | XXX | XXX |
| EV/FCF | 188.4x | XXX | 288.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Freshpet Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Freshpet Margins & Growth Rates
Freshpet's revenue in the last 12 month grew by 9%.
Freshpet's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.3M for the same period.
Freshpet's rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Freshpet's rule of X is 40% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Freshpet Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 40% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 34% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Freshpet Public Comps
See public comps and valuation multiples for other Pet Care comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Freshpet | XXX | XXX | XXX | XXX | XXX | XXX |
| Virbac | XXX | XXX | XXX | XXX | XXX | XXX |
| Central Garden & Pet | XXX | XXX | XXX | XXX | XXX | XXX |
| Spectrum Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| i-Tail | XXX | XXX | XXX | XXX | XXX | XXX |
| Vetoquinol | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Freshpet M&A Activity
Freshpet acquired XXX companies to date.
Last acquisition by Freshpet was on XXXXXXXX, XXXXX. Freshpet acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Freshpet
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFreshpet Investment Activity
Freshpet invested in XXX companies to date.
Freshpet made its latest investment on XXXXXXXX, XXXXX. Freshpet invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Freshpet
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Freshpet
| When was Freshpet founded? | Freshpet was founded in 2004. |
| Where is Freshpet headquartered? | Freshpet is headquartered in United States. |
| How many employees does Freshpet have? | As of today, Freshpet has over 1K employees. |
| Who is the CEO of Freshpet? | Freshpet's CEO is William B. Cyr. |
| Is Freshpet publicly listed? | Yes, Freshpet is a public company listed on Nasdaq. |
| What is the stock symbol of Freshpet? | Freshpet trades under FRPT ticker. |
| When did Freshpet go public? | Freshpet went public in 2014. |
| Who are competitors of Freshpet? | Freshpet main competitors are Virbac, Central Garden & Pet, Spectrum Brands, i-Tail. |
| What is the current market cap of Freshpet? | Freshpet's current market cap is $3B. |
| What is the current revenue of Freshpet? | Freshpet's last 12 months revenue is $1B. |
| What is the current revenue growth of Freshpet? | Freshpet revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Freshpet? | Current revenue multiple of Freshpet is 3.2x. |
| Is Freshpet profitable? | Yes, Freshpet is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Freshpet? | Freshpet's last 12 months EBITDA is $200M. |
| What is Freshpet's EBITDA margin? | Freshpet's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Freshpet? | Current EBITDA multiple of Freshpet is 17.8x. |
| What is the current FCF of Freshpet? | Freshpet's last 12 months FCF is $19M. |
| What is Freshpet's FCF margin? | Freshpet's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Freshpet? | Current FCF multiple of Freshpet is 188.4x. |
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