Filing Flows › Freshpet (FRPT) › Q3 2026 › vs Q3 2025
Freshpet (FRPT) Q3 2026 vs Q3 2025 (year over year)
Freshpet's revenue rose $29.0M (+10%) from $289M in Q3 2025 to $318M in Q3 2026. Gross margin 44.5% against 39.5% (+4.9 pts).
Freshpet, Q3 2026: revenue $318M (+10% year over year), operating margin 11.1%, net earnings $29.7M, operating cash flow $60.8M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 44.5% | 39.5% | +4.9 pts |
| Operating margin | 11.1% | 8.6% | +2.4 pts |
| Net margin | 9.3% | 35.2% | -25.8 pts |
| Free cash flow margin | 11.9% | 10.9% | +1.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $318M | $289M | $29.0M | +10% |
| Gross profit | $141M | $114M | $27.1M | +24% |
| Cost of revenue | $177M | $175M | $1.9M | +1% |
| Operating profit | $35.1M | $24.9M | $10.2M | +41% |
| Operating expenses | $106M | $89.3M | $16.9M | +19% |
| Pre-tax earnings | $34.4M | $23.7M | $10.7M | +45% |
| Net earnings | $29.7M | $102M | −$72.0M | -71% |
| Income tax | $4.7M | −$78.0M | $82.7M | — |
| Depreciation & amortization | $23.8M | $24.4M | −$571K | -2% |
| Share-based compensation | $5.9M | $5.2M | $667K | +13% |
| Working capital & other | $1.4M | −$64.5M | $65.9M | — |
| Operating cash flow | $60.8M | $66.8M | −$6.0M | -9% |
| Free cash flow (OCF − capex) | $37.8M | $31.6M | $6.3M | +20% |
| Capital expenditures | $22.9M | $35.2M | −$12.3M | -35% |
Questions
How much did Freshpet's revenue grow year over year in Q3 2026?
Freshpet's revenue rose $29.0M (+10%) from $289M in Q3 2025 to $318M in Q3 2026. Gross margin 44.5% against 39.5% (+4.9 pts).