FRPT Freshpet, Inc. - Common Stock
$73.57
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$46–$86
69% of range
Analyst Rating
BUY
23 analysts
Price Target
$84
+15% upside
P/E (TTM)
28.0
ROE
12.2%
Net Profit Margin
12.6%
About Freshpet, Inc. - Common Stock Company overview from Wikipedia
Freshpet, Inc. is an American pet food company. Its cat food and dog food products are marketed as fresh and need to be kept refrigerated. It is listed on the Nasdaq exchange with the ticker symbol FRPT.
Read more
Freshpet, Inc. is an American pet food company. Its cat food and dog food products are marketed as fresh and need to be kept refrigerated. It is listed on the Nasdaq exchange with the ticker symbol FRPT.
History
Freshpet was founded in Secaucus, New Jersey, in 2006 by Scott Morris, Cathal Walsh, and John Phelps, former pet food executives. It opened a factory in Quakertown, Pennsylvania, in 2006 and another in Bethlehem, Pennsylvania in 2013. Freshpet went public on the NASDAQ in November 2014, raising $164 million in its IPO with a market capitalization of $447 million.
In February 2020, the company was given a grant of $2.1 million by the Texas Enterprise Fund to build a plant in Ennis, Texas south of Dallas. In 2020, the company reported revenue of almost $319 million, an increase of about 30% and a net income loss of $3.19 million, up 130% on the previous year. It also reported losses in the four preceding years. In 2024, the company moved its headquarters to Bedminster, New Jersey.
Products
Freshpet's cat food and dog food products are marketed as fresh, requiring refrigeration since the company's products have no preservatives. Freshpet was the first to distribute pet food in the fresh and refrigerated category across North America. After a 2007 crisis of wet and dried dog food tainted by melamine, Freshpet's uncontaminated fresh food products experienced rapid growth in many of stores carrying them.
As of 2021, the company's pet-food brands include Freshpet, Dog Joy, DogNation, Spring & Sprout, Vital, Homestyle Creations, and Nature's Fresh.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
FRPT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$73.57
Market Cap
$3.62B
P/E (TTM)
28.0
EPS (TTM)
$2.64
Revenue (TTM)
$1.10B
Div Yield
—
ROE
12.2%
Debt/Equity
—
52W Range
$46 – $86
FRPT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.10B
2016-12-31
→
2025-12-31
EPS
$2.64
2016-12-31
→
2025-12-31
Free Cash Flow
$12M
2024-12-31
→
2025-12-31
Margins
12.6%
2024-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
FRPT
Peer Median
P/E (TTM)
28.0
15.8
P/S (TTM)
3.3
1.2
P/B
3.0
2.5
Price / FCF
292.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
FRPT
Peer Median
Gross Margin
40.8%
29.2%
Operating Margin
6.9%
—
Net Profit Margin
12.6%
6.1%
ROA
8.3%
6.3%
ROE
12.2%
12.5%
ROIC
12.3%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
FRPT
Peer Median
Current Ratio
5.5
2.0
Quick Ratio
4.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
FRPT
Peer Median
Revenue YoY
13.0%
—
Revenue CAGR 3Y
22.8%
—
Revenue CAGR 5Y
28.2%
—
EPS YoY
183.9%
—
Net Income YoY
196.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
FRPT
Peer Median
FRPT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
23 analysts
- Strong Buy 7 30.4%
- Buy 11 47.8%
- Hold 4 17.4%
- Sell 1 4.3%
- Strong Sell 0 0.0%
12-Month Price Target
16 analysts · 2026-08-13
Median
$83.50
Now
$73.57
Low
$70.00
High
$104.00
Median target
$83.50
+13.5%
Mean target
$84.25
+14.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.27%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.39 | $0.30 | 0.09% |
| March 31, 2026 | $-0.24 | $0.10 | -0.34% |
| Dec. 31, 2025 | $0.64 | $0.38 | 0.26% |
| Sept. 30, 2025 | $1.86 | $0.44 | 1.4% |
| June 30, 2025 | $0.33 | $0.13 | 0.20% |
| March 31, 2025 | $0.09 | $0.10 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FRPT | $2.98B | 23.1 | 13.0% | 12.6% | 12.2% | 40.8% |
| LW | $5.94B | 20.8 | 2.5% | 4.4% | 16.2% | 20.6% |
| CPB | — | 16.1 | 6.4% | 5.9% | 15.6% | — |
| CALM | — | 11.3 | -31.7% | 10.9% | 12.2% | 23.1% |
| POST | $5.67B | 19.5 | 3.0% | 4.1% | 8.8% | 28.7% |
| MZTI | $4.76B | 28.5 | 2.0% | 8.8% | 16.9% | 23.9% |
| TR | $1.49B | — | 1.3% | 13.7% | 11.1% | 35.3% |
| UTZ | — | 1046.0 | 2.1% | 0.06% | 0.11% | 24.9% |
| JJSF | $1.86B | 28.5 | 0.54% | 4.1% | 6.9% | 29.7% |
| FLO | $2.47B | 27.0 | 3.0% | 1.6% | 6.1% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.10B | $975M | $767M | $595M | $425M | $319M | $246M | $193M | $152M | $130M | $116M | $87M | |
| Cost of Revenue | $652M | $579M | $516M | $409M | $263M | $186M | $132M | $103M | $80M | $69M | $62M | $45M | |
| Gross Profit | $450M | $396M | $251M | $186M | $162M | $133M | $114M | $90M | $72M | $60M | $55M | $42M | |
| R&D Expense | · | · | · | · | · | $800.0K | $1M | $500.0K | $284.6K | $470.1K | · | · | |
| SG&A Expense | $374M | $358M | $281M | $238M | $187M | $135M | $114M | $95M | $75M | $63M | $58M | $48M | |
| Operating Income | $76M | $38M | $-30M | $-52M | $-25M | $-2M | $-253.0K | $-5M | $-3M | $-2M | $-4M | $-6M | |
| Interest Expense | · | · | $14M | $5M | $3M | $1M | $991.0K | $296.0K | $910.5K | $698.1K | $454.6K | $5M | |
| Other Non-op | $9M | $12M | $13M | $2M | $13.0K | $87.0K | $5.0K | $-102.0K | $-525.4K | $-880.0K | $448.9K | $-666.2K | |
| Pretax Income | $71M | $48M | $-32M | $-55M | $-28M | $-3M | $-1M | $-5M | $-4M | $-3M | $-4M | $-37M | |
| Income Tax | $-68M | $598.0K | $210.0K | $282.0K | $162.0K | $65.0K | $144.0K | $77.0K | $75.2K | $65.8K | $57.5K | $41.8K | |
| Net Income | $139M | $47M | $-34M | $-59M | $-30M | $-3M | $-1M | $-5M | $-4M | $-3M | $-4M | $-37M | |
| EPS (Basic) | $2.85 | $0.97 | $-0.70 | $-1.29 | $-0.69 | $-0.08 | $-0.04 | $-0.15 | $-0.12 | $-0.09 | $-0.11 | $-9.63 | |
| EPS (Diluted) | $2.64 | $0.93 | $-0.70 | $-1.29 | $-0.69 | $-0.08 | $-0.04 | $-0.15 | $-0.12 | $-0.09 | $-0.11 | $-9.63 | |
| Shares (Basic) | 48,800,000 | 48,487,000 | 48,163,000 | 46,191,000 | 42,931,000 | 39,758,000 | 35,950 | 35,329,170 | 34,487,239 | 33,674,416 | 33,497,940 | 13,632,042 | |
| Shares (Diluted) | 56,037,000 | 50,255,000 | 48,163,000 | 46,191,000 | 42,931,000 | 39,758,000 | 35,950 | 35,329,170 | 34,487,239 | 33,674,416 | 33,497,940 | 13,632,042 | |
| EBITDA | $162M | $107M | · | · | · | · | · | · | · | · | · | · |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $278M | $269M | $297M | $133M | $73M | $67M | $9M | $8M | $2M | $4M | $8M | $36M | |
| Short-term Investments | · | $0 | $0 | $20M | $0 | · | $0 | · | · | · | $3M | · | |
| Receivables | $64M | $68M | $57M | $58M | $35M | $18M | $19M | $12M | $13M | $9M | $7M | $5M | |
| Inventory | $77M | $81M | $63M | $58M | $36M | $19M | $13M | $9M | $10M | $5M | $7M | $7M | |
| Prepaid Expense | $10M | $16M | $8M | $10M | $6M | $3M | $3M | $1M | $1M | $741.1K | $229.6K | $1M | |
| Other Current Assets | $7M | $3M | $3M | $4M | $1M | $914.0K | $10M | $681.5K | $733.0K | $304.6K | · | · | |
| Current Assets | $436M | $437M | $427M | $262M | $150M | $109M | $54M | $31M | $27M | $19M | $25M | $50M | |
| PP&E (Net) | · | · | $979M | $801M | $584M | $281M | $165M | $102M | $101M | $101M | $83M | $58M | |
| PP&E (Gross) | · | · | · | $946M | $698M | $367M | $242M | $167M | $152M | $141M | $114M | $82M | |
| Accum. Depreciation | · | · | · | $145M | $114M | $86M | $76M | $65M | $52M | $40M | $31M | $24M | |
| Other Non-current Assets | $35M | $34M | $29M | $28M | $14M | $5M | $4M | $2M | $2M | $2M | $2M | $2M | |
| Total Assets | $1.78B | $1.57B | $1.46B | $1.13B | $784M | $434M | $236M | $140M | $134M | $126M | $113M | $112M | |
| Accounts Payable | $42M | $39M | $36M | $55M | $43M | $16M | $19M | $9M | $9M | $7M | $7M | $5M | |
| Accrued Liabilities | $32M | $56M | $50M | $33M | $15M | $15M | $22M | $9M | $8M | $5M | $2M | $3M | |
| Short-term Debt | · | · | · | · | · | · | $54M | $0 | $0 | $7M | $0 | · | |
| Current Liabilities | $79M | $99M | $89M | $90M | $59M | $33M | $42M | $18M | $17M | $19M | $9M | $9M | |
| Capital Leases | $65M | $2M | $3M | $4M | $6M | $7M | $8M | · | · | · | · | · | |
| Deferred Tax | $93.0K | $0 | · | · | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | $273.4K | $304.8K | · | · | · | |
| Total Liabilities | $569M | $520M | $511M | $94M | $65M | $40M | $105M | $18M | $17M | $19M | $9M | $9M | |
| Long-term Debt | · | · | · | · | $0 | · | · | · | · | · | · | · | |
| Common Stock | $49.0K | $49.0K | $48.0K | $48.0K | $43.0K | $41.0K | $36.0K | $35.6K | $35.1K | $34.0K | $33.5K | $33.5K | |
| Retained Earnings | $-143M | $-282M | $-329M | $-295M | $-236M | $-206M | $-203M | $-201M | $-196M | $-192M | $-189M | $-185M | |
| Treasury Stock | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $256.2K | · | · | · | · | |
| AOCI | $334.0K | $-787.0K | $-591.0K | $1M | $-120.0K | $-80.0K | $-79.0K | $-31.6K | $76.1K | · | · | · | |
| Stockholders' Equity | $1.21B | $1.06B | $953M | $1.03B | $720M | $394M | $131M | $121M | $117M | $108M | $104M | $103M | |
| Liabilities + Equity | $1.78B | $1.57B | $1.46B | $1.13B | $784M | $434M | $236M | $140M | $134M | $126M | $113M | $112M | |
| Shares Outstanding | 48,970,000 | 48,716,000 | 48,277,000 | 48,051,000 | 43,449,000 | 40,718,000 | 36,148,264 | 35,542,426 | 35,132,548 | 33,961,650 | 33,536,940 | 33,468,342 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $86M | $69M | $58M | $34M | $29M | $21M | $16M | $14M | $13M | $10M | $8M | $6M | |
| Stock-based Comp | $14M | $52M | $25M | $26M | $25M | $11M | $8M | $7M | $4M | $4M | $4M | $2M | |
| Deferred Tax | $-69M | $0 | $0 | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | $-10M | $-14M | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $161M | $154M | $76M | $-43M | $647.0K | $21M | $16M | $19M | $10M | $13M | $7M | $-8M | |
| CapEx | $148M | $187M | $239M | $230M | $322M | $135M | $71M | $16M | $13M | $30M | $27M | $17M | |
| Investing Cash Flow | $-148M | $-187M | $-239M | $-233M | $-322M | $-162M | $-71M | $-16M | $-13M | $-27M | · | · | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $12M | |
| Stock Repurchased | · | · | · | · | · | · | · | $256.2K | · | · | · | · | |
| Financing Cash Flow | $-3M | $5M | $327M | $337M | $327M | $199M | $56M | $3M | $1M | $10M | · | · | |
| Net Change in Cash | $9M | $-28M | $164M | $60M | · | · | · | · | $-2M | $-4M | $-28M | $34M | |
| Taxes Paid | $910.0K | $193.0K | $308.0K | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $12M | $-33M | · | · | · | · | · | · | · | · | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.8% | 40.6% | · | · | · | · | · | · | · | · | · | · | |
| Operating Margin | 6.9% | 3.9% | · | · | · | · | · | · | · | · | · | · | |
| Net Margin | 12.6% | 4.8% | · | · | · | · | · | · | · | · | · | · | |
| Pretax Margin | 6.4% | 4.9% | · | · | · | · | · | · | · | · | · | · | |
| EBITDA Margin | 14.7% | 11.0% | · | · | · | · | · | · | · | · | · | · | |
| ROA | 8.3% | 3.1% | · | · | · | · | · | · | · | · | · | · | |
| ROE | 12.2% | 4.5% | · | · | · | · | · | · | · | · | · | · | |
| ROIC | 12.3% | 3.6% | · | · | · | · | · | · | · | · | · | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.5 | 4.4 | · | · | · | · | · | · | · | · | · | · | |
| Quick Ratio | 4.3 | 3.4 | · | · | · | · | · | · | · | · | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.6 | · | · | · | · | · | · | · | · | · | · | |
| Inventory Turnover | 8.3 | 8.0 | · | · | · | · | · | · | · | · | · | · | |
| Receivables Turnover | 16.7 | 15.6 | · | · | · | · | · | · | · | · | · | · |
Growth Rates 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 13.0% | 27.2% | 28.8% | 39.9% | 33.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 22.8% | 31.9% | 34.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 28.2% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 183.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 196.5% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.10B | $975M | $767M | $595M | $425M | $319M | $246M | $193M | $152M | $130M | $116M | $87M | |
| Net Income TTM | $139M | $47M | $-34M | $-59M | $-30M | $-3M | $-1M | $-5M | $-4M | $-3M | $-4M | $-37M | |
| Market Cap | $2.98B | $7.21B | · | · | · | · | · | · | · | · | · | · | |
| P/E | 23.1 | 159.3 | -123.9 | -40.9 | -138.1 | -1774.9 | -1477.2 | -214.4 | -157.9 | -112.8 | -77.2 | -1.8 | |
| P/S | 2.7 | 7.4 | · | · | · | · | · | · | · | · | · | · | |
| P/B | 2.5 | 6.8 | · | · | · | · | · | · | · | · | · | · | |
| P / Tangible Book | 2.5 | 6.8 | 4.4 | 2.5 | 5.7 | 14.7 | · | · | · | · | · | · | |
| P / Cash Flow | 18.6 | 46.8 | · | · | · | · | · | · | · | · | · | · | |
| P / FCF | 241.1 | -219.9 | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 4.3% | 0.63% | -0.81% | -2.4% | -0.72% | -0.06% | -0.07% | -0.47% | -0.63% | -0.89% | -1.3% | -56.5% |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $306M | $298M | $285M | $289M | $265M | $263M | $263M | $253M | $235M | $224M | $215M | $201M | $183M | $168M | $166M | $151M | |
| Cost of Revenue | $177M | $177M | $162M | $175M | $156M | $159M | $151M | $151M | $141M | $136M | $141M | $134M | $124M | $117M | $120M | $107M | |
| Gross Profit | $129M | $121M | $123M | $114M | $108M | $104M | $112M | $102M | $94M | $88M | $75M | $66M | $59M | $51M | $46M | $45M | |
| SG&A Expense | $107M | $116M | $79M | $89M | $90M | $115M | $92M | $90M | $96M | $80M | $60M | $73M | $76M | $72M | $48M | $60M | |
| Operating Income | $22M | $4M | $44M | $25M | $18M | $-11M | $19M | $12M | $-2M | $8M | $15M | $-7M | $-17M | $-22M | $-2M | $-16M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $3M | · | $4M | $3M | $3M | · | $2M | |
| Other Non-op | $3M | $3M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $4M | $4M | $4M | $946.0K | $1M | $256.0K | |
| Pretax Income | $26M | $66M | $43M | $24M | $16M | $-13M | $19M | $12M | $-2M | $19M | $15M | $-7M | $-16M | $-24M | $-2M | $-17M | |
| Income Tax | $6M | $17M | $10M | $-78M | $-102.0K | $134.0K | $436.0K | $54.0K | $54.0K | $54.0K | $0 | $70.0K | $70.0K | $70.0K | $159.0K | $41.0K | |
| Net Income | $19M | $49M | $34M | $102M | $16M | $-13M | $18M | $12M | $-2M | $19M | $15M | $-7M | $-17M | $-25M | $-3M | $-18M | |
| EPS (Basic) | $0.40 | $0.99 | $0.69 | $2.08 | $0.34 | $-0.26 | $0.37 | $0.25 | $-0.03 | $0.38 | $0.32 | $-0.15 | $-0.35 | $-0.52 | $-0.05 | $-0.39 | |
| EPS (Diluted) | $0.39 | $0.91 | $0.71 | $1.86 | $0.33 | $-0.26 | $0.35 | $0.24 | $-0.03 | $0.37 | $0.32 | $-0.15 | $-0.35 | $-0.52 | $-0.05 | $-0.39 | |
| Shares (Basic) | 49,197,000 | 49,062,000 | -97,498,000 | 48,787,000 | 48,778,000 | 48,733,000 | -96,803,000 | 48,509,000 | 48,461,000 | 48,320,000 | -96,210,000 | 48,194,000 | 48,132,000 | 48,047,000 | -90,738,000 | 47,856,000 | |
| Shares (Diluted) | 55,811,000 | 56,060,000 | -98,769,000 | 55,875,000 | 50,198,000 | 48,733,000 | -98,537,000 | 50,282,000 | 48,461,000 | 50,049,000 | -96,210,000 | 48,194,000 | 48,132,000 | 48,047,000 | -90,738,000 | 47,856,000 | |
| EBITDA | $46M | $28M | · | $49M | $38M | $9M | · | $31M | $16M | $24M | · | $-7M | $-2M | $-7M | · | $-7M |
Balance Sheet 26
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $351M | $381M | $278M | $275M | $244M | $244M | $269M | $275M | $252M | $258M | · | $338M | $244M | $337M | · | $240M | |
| Short-term Investments | · | · | · | · | · | · | · | $0 | $0 | · | · | $115M | $114M | $49M | · | $20M | |
| Receivables | $65M | $65M | $64M | $64M | $60M | $63M | $68M | $65M | $68M | $69M | · | $54M | $52M | $50M | · | $48M | |
| Inventory | $87M | $81M | $77M | $70M | $91M | $82M | $81M | $73M | $73M | $72M | · | $59M | $65M | $66M | · | $64M | |
| Prepaid Expense | $8M | $7M | $10M | $9M | $11M | $14M | $16M | $6M | $9M | $6M | · | $9M | $8M | $8M | · | $8M | |
| Other Current Assets | $6M | $7M | $7M | $5M | $4M | $3M | $3M | $3M | $4M | $3M | · | $2M | $3M | $3M | · | $2M | |
| Current Assets | $517M | $542M | $436M | $424M | $409M | $405M | $437M | $421M | $405M | $407M | · | $462M | $487M | $513M | · | $383M | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | $1.01B | · | $925M | $865M | $826M | · | $719M | |
| PP&E (Gross) | · | · | · | · | · | · | · | · | · | · | · | · | $1.04B | $984M | · | $855M | |
| Accum. Depreciation | · | · | · | · | · | · | · | · | · | · | · | · | $170M | $158M | · | $136M | |
| Other Non-current Assets | $37M | $35M | $35M | $31M | $36M | $34M | $34M | $32M | $31M | $30M | · | $27M | $28M | $29M | · | $27M | |
| Total Assets | $1.81B | $1.84B | $1.78B | $1.75B | $1.65B | $1.56B | $1.57B | $1.53B | $1.51B | $1.48B | · | $1.44B | $1.41B | $1.40B | · | $1.17B | |
| Accounts Payable | $37M | $35M | $42M | $31M | $43M | $43M | $39M | $35M | $34M | $47M | · | $41M | $32M | $26M | · | $37M | |
| Accrued Liabilities | $44M | $48M | $32M | $41M | $38M | $36M | $56M | $50M | $53M | $32M | · | $39M | $43M | $28M | · | $20M | |
| Current Liabilities | $86M | $88M | $79M | $77M | $85M | $83M | $99M | $89M | $90M | $82M | · | $84M | $77M | $56M | · | $131M | |
| Capital Leases | $64M | $64M | $65M | $65M | $66M | $2M | $2M | $3M | $2M | $2M | · | $3M | $3M | $4M | · | $5M | |
| Deferred Tax | $129.0K | $111.0K | $93.0K | · | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $575M | $577M | $569M | $567M | $576M | $510M | $520M | $510M | $511M | $503M | · | $506M | $473M | $451M | · | $136M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $73M | |
| Common Stock | $49.0K | $49.0K | $49.0K | $49.0K | $49.0K | $49.0K | $49.0K | $48.0K | $48.0K | $48.0K | · | $48.0K | $48.0K | $48.0K | · | $48.0K | |
| Retained Earnings | $-75M | $-94M | $-143M | $-176M | $-278M | $-295M | $-282M | $-300M | $-312M | $-310M | · | $-344M | $-337M | $-320M | · | $-292M | |
| Treasury Stock | $55M | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | $256.0K | · | $256.0K | $256.0K | $256.0K | · | $256.0K | |
| AOCI | $-706.0K | $-459.0K | $334.0K | $-422.0K | $-336.0K | $-576.0K | $-787.0K | $-184.0K | $-788.0K | $-709.0K | · | $-959.0K | $-663.0K | $1M | · | $1M | |
| Stockholders' Equity | $1.24B | $1.26B | $1.21B | $1.18B | $1.07B | $1.05B | $1.06B | $1.02B | $996M | $978M | $953M | $939M | $938M | $949M | $1.03B | $1.03B | |
| Liabilities + Equity | $1.81B | $1.84B | $1.78B | $1.75B | $1.65B | $1.56B | $1.57B | $1.53B | $1.51B | $1.48B | · | $1.44B | $1.41B | $1.40B | · | $1.17B | |
| Shares Outstanding | 48,625,000 | 49,141,000 | 48,970,000 | 48,793,000 | 48,778,000 | 48,774,000 | 48,702,000 | 48,537,000 | 48,479,000 | 48,435,000 | 48,277,000 | 48,226,000 | 48,185,000 | 48,109,000 | 48,051,000 | 47,824,000 |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $24M | $24M | $22M | $24M | $20M | $21M | $18M | $19M | $17M | $16M | $16M | $16M | $14M | $11M | $19M | $8.5K | |
| Stock-based Comp | $6M | $9M | $-6M | $5M | $6M | $9M | $14M | $12M | $20M | $6M | $-17.0K | $8M | $8M | $8M | $6M | $8M | |
| Deferred Tax | $5M | $16M | $9M | $-78M | $0 | $0 | $0 | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | · | $-57M | · | · | · | $-12M | · | · | · | $-35M | · | · | · | $-12M | · | · | |
| Operating Cash Flow | $44M | $40M | $55M | $67M | $34M | $5M | $50M | $56M | $42M | $5M | $37M | $39M | $14M | $-14M | $10M | $9M | |
| CapEx | $30M | $28M | $53M | $35M | $33M | $26M | $58M | $34M | $48M | $46M | $77M | $59M | $44M | $58M | $63M | $73M | |
| Investing Cash Flow | $-25M | $68M | $-53M | $-35M | $-33M | $-26M | $-58M | $-34M | $-48M | $-46M | $-77M | $54M | $-109M | $-107M | $-43M | $-73M | |
| Financing Cash Flow | $-50M | $-5M | $1M | $-653.0K | $-493.0K | $-3M | $2M | $828.0K | $-286.0K | $2M | $-757.0K | $554.0K | $2M | $326M | $-75M | $-3M | |
| Net Change in Cash | $-31M | $103M | $3M | $31M | $-48.0K | $-25M | $-6M | $23M | $-6M | $-39M | $-41M | $94M | · | · | · | · | |
| Free Cash Flow | · | $13M | · | · | · | $-22M | · | · | · | $-41M | · | · | · | $-72M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-44M | · | · | · | $-75M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.1% | 40.5% | · | 39.5% | 40.9% | 39.4% | · | 40.4% | 39.9% | 39.4% | · | 33.0% | 32.3% | 30.3% | · | 29.4% | |
| Operating Margin | 7.1% | 1.5% | · | 8.6% | 6.7% | -4.4% | · | 4.7% | -0.74% | 3.8% | · | -3.5% | -9.1% | -12.8% | · | -10.5% | |
| Net Margin | 6.4% | 16.3% | · | 35.2% | 6.2% | -4.8% | · | 4.7% | -0.72% | 8.3% | · | -3.6% | -9.2% | -14.8% | · | -12.2% | |
| Pretax Margin | 8.4% | 22.1% | · | 8.2% | 6.1% | -4.8% | · | 4.7% | -0.70% | 8.3% | · | -3.5% | -8.7% | -14.2% | · | -11.5% | |
| EBITDA Margin | 14.9% | 9.5% | · | 16.8% | 14.2% | 3.6% | · | 12.1% | 6.6% | 10.8% | · | -3.5% | -1.3% | -4.2% | · | -4.9% | |
| ROA | 1.1% | 2.9% | · | 6.2% | 1.0% | -0.84% | · | 0.80% | -0.12% | 1.3% | · | -0.55% | -1.3% | -2.2% | · | -1.9% | |
| ROE | 1.7% | 4.2% | · | 9.2% | 1.6% | -1.2% | · | 1.2% | -0.18% | 1.9% | · | -0.73% | -1.7% | -3.0% | · | -2.1% | |
| ROIC | 1.3% | 0.25% | · | 9.1% | 1.7% | -1.1% | · | 1.2% | -0.18% | 0.86% | · | -0.76% | -1.8% | -2.3% | · | -1.5% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.0 | 6.2 | · | 5.5 | 4.8 | 4.9 | · | 4.7 | 4.5 | 5.0 | · | 5.5 | 6.3 | 9.2 | · | 2.9 | |
| Quick Ratio | 4.9 | 5.1 | · | 4.4 | 3.6 | 3.7 | · | 3.8 | 3.6 | 4.0 | · | 6.1 | 5.3 | 7.8 | · | 2.4 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 0.1 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 2.8 | · | -1.7 | -5.0 | -6.8 | · | -8.8 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.1 | · | 0.2 | |
| Inventory Turnover | 2.0 | 2.2 | · | 2.4 | 1.9 | 2.1 | · | 2.3 | 2.0 | 2.0 | · | 2.2 | 2.0 | 2.1 | · | 2.3 | |
| Receivables Turnover | 4.9 | 4.6 | · | 4.5 | 4.1 | 4.0 | · | 4.2 | 3.9 | 3.8 | · | 3.9 | 3.2 | 3.0 | · | 3.8 |
Valuation (TTM) 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.16B | $1.11B | · | $1.07B | $1.02B | $976M | · | $913M | $843M | $775M | · | $703M | $648M | $597M | · | $537M | |
| Net Income TTM | $186M | $154M | · | $117M | $14M | $16M | · | $22M | $-7M | $-30M | · | $-67M | $-81M | $-81M | · | $-59M | |
| Market Cap | $2.87B | $2.90B | · | $2.69B | $3.31B | $4.06B | · | $6.64B | $6.27B | $5.61B | · | $3.18B | $3.17B | $3.18B | · | $2.40B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $2.21B | |
| P/E | 16.9 | 20.8 | · | 25.4 | 242.7 | 259.9 | · | 318.1 | -808.7 | -178.2 | · | -46.7 | -38.5 | -37.6 | · | -38.8 | |
| P/S | 2.5 | 2.6 | · | 2.5 | 3.3 | 4.2 | · | 7.3 | 7.4 | 7.2 | · | 4.5 | 4.9 | 5.3 | · | 4.5 | |
| P/B | 2.3 | 2.3 | · | 2.3 | 3.1 | 3.9 | · | 6.5 | 6.3 | 5.7 | · | 3.4 | 3.4 | 3.4 | · | 2.3 | |
| P / Tangible Book | 2.3 | 2.3 | · | 2.3 | 3.1 | 3.9 | · | 6.5 | 6.3 | 5.7 | · | 3.4 | 3.4 | 3.4 | · | 2.3 | |
| P / Cash Flow | · | 71.8 | · | · | · | 843.9 | · | · | · | 1038.0 | · | · | · | -231.8 | · | · | |
| P / FCF | · | 227.6 | · | · | · | -187.1 | · | · | · | -136.6 | · | · | · | -44.4 | · | · | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | -297.6 | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 4.1 | |
| Earnings Yield | 5.9% | 4.8% | · | 3.9% | 0.41% | 0.38% | · | 0.31% | -0.12% | -0.56% | · | -2.1% | -2.6% | -2.7% | · | -2.6% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $1.10B | $975M | $767M | $595M | $425M |
| Gross Margin % | 40.8% | 40.6% | — | — | — |
| Operating Margin % | 6.9% | 3.9% | — | — | — |
| Net Income | $139M | $47M | $-34M | $-59M | $-30M |
| Diluted EPS | $2.64 | $0.93 | $-0.70 | $-1.29 | $-0.69 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 5.5 | 4.4 | — | — | — |
| Quick Ratio | 4.3 | 3.4 | — | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $12M | $-33M | — | — | — |
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Institutional owners (13F) 357 filers · $2.9B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 54 (-17 vs prior Q) | 57 (-1 vs prior Q) | 107 (-10 vs prior Q) | 127 (+14 vs prior Q) | -602K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| WASATCH ADVISORS LP | $244,179,126 | 4,141,437 | 8.52% | Shares |
| Capital World Investors | $179,971,035 | 3,044,165 | 6.28% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $173,610,491 | 2,936,578 | 6.06% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $131,687,672 | 2,227,464 | 4.60% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $129,159,582 | 2,184,702 | 4.51% | Shares |
| ALLIANCEBERNSTEIN L.P. | $110,728,000 | 1,878,019 | 3.86% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $107,065,965 | 1,810,994 | 3.74% | Shares |
| STATE STREET CORP | $94,784,554 | 1,603,257 | 3.31% | Shares |
| Ilex Capital Partners (UK) LLP | $91,057,806 | 1,540,220 | 3.18% | Shares |
| Alberta Investment Management Corp | $85,255,001 | 1,442,067 | 2.98% | Shares |
| Balyasny Asset Management L.P. | $84,235,950 | 1,424,830 | 2.94% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $79,217,371 | 1,339,942 | 2.76% | Shares |
| ARMISTICE CAPITAL, LLC | $74,532,702 | 1,260,702 | 2.60% | Shares |
| CITADEL ADVISORS LLC | $52,574,707 | 889,288 | 1.83% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $44,330,651 | 749,621 | 1.55% | Shares |
| BANK OF AMERICA CORP /DE/ | $43,380,186 | 733,765 | 1.51% | Shares |
| JENNISON ASSOCIATES LLC | $40,612,248 | 686,946 | 1.42% | Shares |
| RIVERBRIDGE PARTNERS LLC | $39,924,807 | 675,318 | 1.39% | Shares |
| EMERALD ADVISERS, LLC | $39,830,918 | 673,730 | 1.39% | Shares |
| GOLDMAN SACHS GROUP INC | $39,307,114 | 664,870 | 1.37% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $38,428,000 | 650,000 | 1.34% | Shares |
| GILDER GAGNON HOWE & CO LLC | $37,006,327 | 625,953 | 1.29% | Shares |
| Artisan Partners Limited Partnership | $35,041,902 | 592,725 | 1.22% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $33,944,812 | 574,168 | 1.18% | Shares |
| Alyeska Investment Group, L.P. | $32,657,888 | 552,400 | 1.14% | Shares |
| AMERICAN CENTURY COMPANIES INC | $30,236,938 | 511,448 | 1.06% | Shares |
| FMR LLC | $29,893,910 | 505,648 | 1.04% | Shares |
| NORGES BANK | $29,448,973 | 498,122 | 1.03% | Shares |
| Engaged Capital LLC | $28,657,888 | 484,741 | 1.00% | Shares |
| BARCLAYS PLC | $26,707,578 | 451,752 | 0.93% | Shares |
| EMERALD MUTUAL FUND ADVISERS TRUST | $26,374,555 | 446,119 | 0.92% | Shares |
| TWO SIGMA INVESTMENTS, LP | $25,145,391 | 425,328 | 0.88% | Shares |
| COUNTRY TRUST BANK | $21,983,299 | 371,842 | 0.77% | Shares |
| DEUTSCHE BANK AG\ | $21,855,482 | 369,680 | 0.76% | Shares |
| Fort Point Capital Partners LLC | $20,529,834 | 347,257 | 0.72% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $20,443,400 | 345,795 | 0.71% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $18,371,422 | 310,748 | 0.64% | Shares |
| Fisher Asset Management, LLC | $16,629,550 | 281,284 | 0.58% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $14,910,064 | 252,200 | 0.52% | Put option |
| PRINCIPAL FINANCIAL GROUP INC | $13,979,988 | 236,468 | 0.49% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $12,644,881 | 213,885 | 0.44% | Shares |
| Davidson Kempner Capital Management LP | $12,497,968 | 211,400 | 0.44% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $12,133,966 | 205,243 | 0.42% | Shares |
| Susquehanna Portfolio Strategies, LLC | $11,833,282 | 200,157 | 0.41% | Shares |
| Impax Asset Management Group plc | $11,824,000 | 200,000 | 0.41% | Shares |
| WELLS FARGO & COMPANY/MN | $11,824,000 | 200,000 | 0.41% | Call option |
| MACKENZIE FINANCIAL CORP | $11,556,778 | 195,480 | 0.40% | Shares |
| FIRST TRUST ADVISORS LP | $11,422,397 | 193,207 | 0.40% | Shares |
| Walleye Capital LLC | $11,242,910 | 190,171 | 0.39% | Shares |
| Public Sector Pension Investment Board | $9,979,042 | 168,793 | 0.35% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $9,193,160 | 155,500 | 0.32% | Call option |
| AMERIPRISE FINANCIAL INC | $8,741,011 | 147,852 | 0.31% | Shares |
| CITADEL ADVISORS LLC | $8,465,984 | 143,200 | 0.30% | Put option |
| CANADA PENSION PLAN INVESTMENT BOARD | $8,306,360 | 140,500 | 0.29% | Shares |
| Cubist Systematic Strategies, LLC | $7,808,809 | 141,695 | 0.27% | Shares |
| Granite Investment Partners, LLC | $7,561,744 | 127,905 | 0.26% | Shares |
| Western Standard LLC | $7,525,976 | 127,300 | 0.26% | Shares |
| BlackRock, Inc. | $7,413,293 | 125,394 | 0.26% | Shares |
| Clearbridge Investments, LLC | $7,313,737 | 123,710 | 0.26% | Shares |
| Quantinno Capital Management LP | $7,204,197 | 121,857 | 0.25% | Shares |
| ROYCE & ASSOCIATES LP | $7,066,436 | 119,527 | 0.25% | Shares |
| MONIMUS CAPITAL MANAGEMENT, LP | $7,022,865 | 118,790 | 0.25% | Shares |
| JANE STREET GROUP, LLC | $6,922,952 | 117,100 | 0.24% | Put option |
| WINTON GROUP Ltd | $6,906,162 | 116,816 | 0.24% | Shares |
| Allianz Asset Management GmbH | $6,808,347 | 115,474 | 0.24% | Shares |
| XTX Topco Ltd | $6,767,348 | 114,468 | 0.24% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $6,628,614 | 112,121 | 0.23% | Shares |
| CITADEL ADVISORS LLC | $5,912,000 | 100,000 | 0.21% | Call option |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $5,699,996 | 96,414 | 0.20% | Shares |
| Swiss National Bank | $5,654,828 | 95,650 | 0.20% | Shares |
| Man Group plc | $5,553,260 | 93,932 | 0.19% | Shares |
| RHUMBLINE ADVISERS | $5,272,768 | 89,188 | 0.18% | Shares |
| Legal & General Group Plc | $4,445,706 | 75,198 | 0.16% | Shares |
| Eurizon Capital SGR S.p.A. | $4,396,763 | 74,332 | 0.15% | Shares |
| Cinctive Capital Management LP | $4,393,148 | 74,309 | 0.15% | Shares |
| Hilton Capital Management, LLC | $4,323,327 | 73,128 | 0.15% | Shares |
| California Public Employees Retirement System | $4,056,814 | 68,620 | 0.14% | Shares |
| JANE STREET GROUP, LLC | $3,908,719 | 66,115 | 0.14% | Shares |
| Granahan Investment Management, LLC | $3,707,356 | 62,709 | 0.13% | Shares |
| ProShare Advisors LLC | $3,652,375 | 61,779 | 0.13% | Shares |
| Redwood Investments, LLC | $3,553,770 | 42,729 | 0.12% | Shares |
| OSSIAM | $3,547,850 | 60,011 | 0.12% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3,506,056 | 59,465 | 0.12% | Shares |
| MARSHALL WACE, LLP | $3,342,231 | 56,533 | 0.12% | Shares |
| RAYMOND JAMES FINANCIAL INC | $3,196,737 | 54,072 | 0.11% | Shares |
| Savoir Faire Capital Management, L.P. | $3,156,121 | 53,385 | 0.11% | Shares |
| COMMERCE BANK | $3,030,077 | 51,253 | 0.11% | Shares |
| WOLVERINE TRADING, LLC | $3,018,816 | 57,600 | 0.11% | Put option |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,750,144 | 46,518 | 0.10% | Shares |
| PRUDENTIAL FINANCIAL INC | $2,629,244 | 44,473 | 0.09% | Shares |
| FIL Ltd | $2,617,479 | 44,274 | 0.09% | Shares |
| GENEVA CAPITAL MANAGEMENT LLC | $2,452,954 | 41,491 | 0.09% | Shares |
| ZB,N.A. | $2,408,713 | 16,263 | 0.08% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $2,380,112 | 40,259 | 0.08% | Shares |
| Verition Fund Management LLC | $2,364,800 | 40,000 | 0.08% | Shares |
| BLAIR WILLIAM & CO/IL | $2,308,247 | 39,043 | 0.08% | Shares |
| TRILLIUM ASSET MANAGEMENT, LLC | $2,255,249 | 38,146 | 0.08% | Shares |
| JANE STREET GROUP, LLC | $2,211,088 | 37,400 | 0.08% | Call option |
| MILLENNIUM MANAGEMENT LLC | $2,108,160 | 35,659 | 0.07% | Shares |
| IRONWOOD INVESTMENT MANAGEMENT LLC | $2,080,610 | 35,193 | 0.07% | Shares |
Company insiders 36 insiders · 17 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| William B. Cyr | Chief Executive Officer | Aug. 14, 2026 M | 62,978 | 0 | 40 | $-17,170,568 |
| Richard C Thompson | Chief Executive Officer | Nov. 17, 2015 P | 7,800 | 0 | 0 | $0 |
| John Gregory O'Connor | Chief Financial Officer | March 10, 2026 A | 12,314 | 0 | 0 | $0 |
| Ivan Garcia | Interim CFO | Oct. 17, 2025 A | 9,527 | 0 | 0 | $0 |
| Todd E Cunfer | Chief Financial Officer | March 15, 2025 F | 36,871 | 0 | 0 | $0 |
| Richard A Kassar | Chief Financial Officer | Nov. 16, 2015 P | 199,994 | 0 | 0 | $0 |
| Scott James Morris | President | March 15, 2026 F | 199,498 | 0 | 4 | $-3,805,944 |
| Nicola J. Baty | Chief Operating Officer | March 15, 2026 F | 38,298 | 0 | 0 | $0 |
| Nishu D. Patel | Chief Accounting Officer | June 28, 2026 F | 3,581 | 0 | 0 | $0 |
| Lisa Axt Alexander | GC & Corp. Sec. | March 15, 2026 F | 3,775 | 1 | 0 | $5,353 |
| Thembeka Machaba | Chief Human Resources Officer | March 15, 2026 F | 9,893 | 0 | 0 | $0 |
| Cathal Walsh | SVP-Managing Director, Europe | March 15, 2026 F | 6,597 | 0 | 0 | $0 |
| Stephen Macchiaverna | EVP, Treasurer | Sept. 12, 2024 M | 86,039 | 0 | 0 | $0 |
| Heather Pomerantz | EVP of Finance | Feb. 26, 2020 P | 6,000 | 0 | 0 | $0 |
| Thomas J. Farina | Sr. Vice President of Sales | Nov. 23, 2015 P | 85,897 | 0 | 0 | $0 |
| Michael Hieger | Sr VP of Manufacturing Ops | May 5, 2015 S | 6,336 | 0 | 0 | $0 |
| Mary Kathryn Winstanley | Vice President of Marketing | Nov. 13, 2014 P | 16,484 | 0 | 0 | $0 |
| Craig D. Steeneck | Director | May 20, 2026 P | 37,500 | 1 | 0 | $95,660 |
| Daryl G Brewster | Director | May 20, 2026 P | 59,545 | 2 | 0 | $22,339 |
| Jacki Sue Kelley | Director | May 18, 2026 P | 14,496 | 2 | 0 | $94,041 |
| David Biegger | Director | May 18, 2026 P | 8,488 | 3 | 0 | $49,142 |
| Timothy R. McLevish | Director | May 18, 2026 P | 39,879 | 2 | 0 | $342,010 |
| Walter N. George | Director | May 8, 2026 P | 50,746 | 3 | 0 | $211,705 |
| Lauri Kien Kotcher | Director | March 10, 2026 A | 5,067 | 0 | 0 | $0 |
| Olufunlayo Olurinde Fajemirokun-Beck | Director | March 10, 2026 A | 11,204 | 1 | 0 | $20,079 |
| Leta D Priest | Director | March 10, 2026 A | 13,756 | 0 | 0 | $0 |
| Joseph E. Scalzo | Director | March 10, 2026 A | 5,629 | 0 | 0 | $0 |
| David J West | Director | March 10, 2026 A | 5,953 | 0 | 0 | $0 |
| David J Basto | Director | Feb. 26, 2020 P | 26,751 | 0 | 0 | $0 |
| Christopher B Harned | Director | May 10, 2016 J | 95,970 | 0 | 0 | $0 |
| Charles A Norris | Director | May 10, 2016 J | 563,568 | 0 | 0 | $0 |
| Robert C King | Director | Nov. 13, 2014 P | 12,500 | 0 | 0 | $0 |
| KAYNE ANDERSON CAPITAL ADVISORS LP | 10% owner | Nov. 13, 2014 C | 0 | 0 | 0 | $0 |
| Freshpet Investors, LLC | — | May 10, 2016 J | 0 | 0 | 0 | $0 |
| Lawrence S Coben | — | May 10, 2016 J | 38,854 | 0 | 0 | $0 |
| KAYNE RICHARD A | — | May 10, 2016 J | 62,754 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| JANA PARTNERS MANAGEMENT, LP | Jan. 11, 2024 | — | Initial filing | — | SEC |
| JANA PARTNERS LLC ×9 filings | Aug. 23, 2023 | — | Initial filing | — | SEC |
| Jacobs Holding AG ×7 filings | April 19, 2017 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 73 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PAWZ · ProShares Trust | 9.81% | 61,684 NS | May 31, 2026 | N-PORT |
| FXG · First Trust Exchange-Traded AlphaDE… | 3.73% | 135,404 NS | April 30, 2026 | N-PORT |
| SMCO · Tidal Trust II | 1.62% | 31,004 NS | April 30, 2026 | N-PORT |
| SPIT · RBB Fund, Inc. | 1.38% | 5,854 NS | April 30, 2026 | N-PORT |
| GSC · Goldman Sachs ETF Trust | 0.46% | 22,591 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.27% | 50,777 NS | April 30, 2026 | N-PORT |
| FSTA · FIDELITY COVINGTON TRUST | 0.26% | 55,004 NS | April 30, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.26% | 39,613 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 17,662 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.16% | 84,196 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.14% | 1,667 NS | April 30, 2026 | N-PORT |
| OASC · Unified Series Trust | 0.13% | 2,062 NS | May 31, 2026 | N-PORT |
| TMFX · RBB Fund, Inc. | 0.12% | 767 NS | May 31, 2026 | N-PORT |
| SAA · ProShares Trust | 0.11% | 584 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.07% | 155,452 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.07% | 11,742 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.05% | 233,574 NS | May 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.05% | 3,692 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.03% | 1,984 NS | April 30, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.02% | 40,583 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 1,904 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 4,457 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 2,618 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 2,555 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 15,286 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 43,607 NS | April 30, 2026 | N-PORT |
| GVUS · Goldman Sachs ETF Trust | 0.01% | 414 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 7,203 NS | April 30, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.00% | 505 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 11,494 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 30,936 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 7,127 NS | May 31, 2026 | N-PORT |
| GGUS · Goldman Sachs ETF Trust | 0.00% | 236 NS | May 31, 2026 | N-PORT |
| MSLC · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,765 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.00% | 3,173 NS | April 30, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | -0.06% | -18,852 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | — | — | July 30, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| IJR · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| IJT · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IJS · iShares Trust | — | — | Aug. 10, 2026 | Daily |