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Side-by-side financial comparison of Freshpet, Inc. (FRPT) and FOSTER L B CO (FSTR). Click either name above to swap in a different company.

Freshpet, Inc. is the larger business by last-quarter revenue ($297.6M vs $160.4M, roughly 1.9× FOSTER L B CO). Freshpet, Inc. runs the higher net margin — 16.3% vs 1.5%, a 14.8% gap on every dollar of revenue. On growth, FOSTER L B CO posted the faster year-over-year revenue change (25.1% vs 13.1%). FOSTER L B CO produced more free cash flow last quarter ($19.8M vs $12.7M). Over the past eight quarters, FOSTER L B CO's revenue compounded faster (13.6% CAGR vs 12.5%).

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.

Foster L B Co. is a U.S.-headquartered industrial manufacturing firm that develops, produces and distributes engineered access solutions, construction components, and rail infrastructure products. It serves commercial construction, transportation, and industrial end markets across North America and selected international regions.

FRPT vs FSTR — Head-to-Head

Bigger by revenue
FRPT
FRPT
1.9× larger
FRPT
$297.6M
$160.4M
FSTR
Growing faster (revenue YoY)
FSTR
FSTR
+12.0% gap
FSTR
25.1%
13.1%
FRPT
Higher net margin
FRPT
FRPT
14.8% more per $
FRPT
16.3%
1.5%
FSTR
More free cash flow
FSTR
FSTR
$7.1M more FCF
FSTR
$19.8M
$12.7M
FRPT
Faster 2-yr revenue CAGR
FSTR
FSTR
Annualised
FSTR
13.6%
12.5%
FRPT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRPT
FRPT
FSTR
FSTR
Revenue
$297.6M
$160.4M
Net Profit
$48.5M
$2.4M
Gross Margin
40.5%
19.7%
Operating Margin
4.9%
Net Margin
16.3%
1.5%
Revenue YoY
13.1%
25.1%
Net Profit YoY
482.0%
1098.3%
EPS (diluted)
$0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FRPT
FRPT
FSTR
FSTR
Q1 26
$297.6M
Q4 25
$285.2M
$160.4M
Q3 25
$288.8M
$138.3M
Q2 25
$264.7M
$143.6M
Q1 25
$263.2M
$97.8M
Q4 24
$262.7M
$128.2M
Q3 24
$253.4M
$137.5M
Q2 24
$235.3M
$140.8M
Net Profit
FRPT
FRPT
FSTR
FSTR
Q1 26
$48.5M
Q4 25
$33.8M
$2.4M
Q3 25
$101.7M
$4.4M
Q2 25
$16.4M
$2.9M
Q1 25
$-12.7M
$-2.1M
Q4 24
$18.1M
$-242.0K
Q3 24
$11.9M
$35.9M
Q2 24
$-1.7M
$2.8M
Gross Margin
FRPT
FRPT
FSTR
FSTR
Q1 26
40.5%
Q4 25
43.3%
19.7%
Q3 25
39.5%
22.5%
Q2 25
40.9%
21.5%
Q1 25
39.4%
20.6%
Q4 24
42.5%
22.3%
Q3 24
40.4%
23.8%
Q2 24
39.9%
21.7%
Operating Margin
FRPT
FRPT
FSTR
FSTR
Q1 26
Q4 25
15.6%
4.9%
Q3 25
8.6%
6.0%
Q2 25
6.7%
5.3%
Q1 25
-4.4%
-2.0%
Q4 24
7.4%
2.4%
Q3 24
4.7%
5.3%
Q2 24
-0.7%
3.2%
Net Margin
FRPT
FRPT
FSTR
FSTR
Q1 26
16.3%
Q4 25
11.9%
1.5%
Q3 25
35.2%
3.1%
Q2 25
6.2%
2.0%
Q1 25
-4.8%
-2.2%
Q4 24
6.9%
-0.2%
Q3 24
4.7%
26.1%
Q2 24
-0.7%
2.0%
EPS (diluted)
FRPT
FRPT
FSTR
FSTR
Q1 26
Q4 25
$0.71
$0.22
Q3 25
$1.86
$0.40
Q2 25
$0.33
$0.27
Q1 25
$-0.26
$-0.20
Q4 24
$0.35
$-0.04
Q3 24
$0.24
$3.27
Q2 24
$-0.03
$0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FRPT
FRPT
FSTR
FSTR
Cash + ST InvestmentsLiquidity on hand
$381.4M
$4.3M
Total DebtLower is stronger
$42.6M
Stockholders' EquityBook value
$1.3B
$175.3M
Total Assets
$1.8B
$330.4M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPT
FRPT
FSTR
FSTR
Q1 26
$381.4M
Q4 25
$278.0M
$4.3M
Q3 25
$274.6M
$3.4M
Q2 25
$243.7M
$4.2M
Q1 25
$243.7M
$2.6M
Q4 24
$268.6M
$2.5M
Q3 24
$274.6M
$3.1M
Q2 24
$251.7M
$4.0M
Total Debt
FRPT
FRPT
FSTR
FSTR
Q1 26
Q4 25
$42.6M
Q3 25
$58.6M
Q2 25
$81.4M
Q1 25
$82.3M
Q4 24
$46.8M
Q3 24
$68.4M
Q2 24
$87.0M
Stockholders' Equity
FRPT
FRPT
FSTR
FSTR
Q1 26
$1.3B
Q4 25
$1.2B
$175.3M
Q3 25
$1.2B
$174.8M
Q2 25
$1.1B
$174.4M
Q1 25
$1.0B
$170.8M
Q4 24
$1.1B
$178.3M
Q3 24
$1.0B
$181.9M
Q2 24
$995.8M
$147.1M
Total Assets
FRPT
FRPT
FSTR
FSTR
Q1 26
$1.8B
Q4 25
$1.8B
$330.4M
Q3 25
$1.7B
$333.9M
Q2 25
$1.6B
$349.9M
Q1 25
$1.6B
$342.8M
Q4 24
$1.6B
$334.6M
Q3 24
$1.5B
$344.5M
Q2 24
$1.5B
$333.3M
Debt / Equity
FRPT
FRPT
FSTR
FSTR
Q1 26
Q4 25
0.24×
Q3 25
0.33×
Q2 25
0.47×
Q1 25
0.48×
Q4 24
0.26×
Q3 24
0.38×
Q2 24
0.59×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FRPT
FRPT
FSTR
FSTR
Operating Cash FlowLast quarter
$22.2M
Free Cash FlowOCF − Capex
$12.7M
$19.8M
FCF MarginFCF / Revenue
4.3%
12.3%
Capex IntensityCapex / Revenue
9.3%
1.5%
Cash ConversionOCF / Net Profit
9.18×
TTM Free Cash FlowTrailing 4 quarters
$46.8M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPT
FRPT
FSTR
FSTR
Q1 26
Q4 25
$55.1M
$22.2M
Q3 25
$66.8M
$29.2M
Q2 25
$33.9M
$10.4M
Q1 25
$4.8M
$-26.1M
Q4 24
$50.4M
$24.3M
Q3 24
$56.1M
$24.7M
Q2 24
$42.4M
$-5.0M
Free Cash Flow
FRPT
FRPT
FSTR
FSTR
Q1 26
$12.7M
Q4 25
$2.1M
$19.8M
Q3 25
$31.6M
$26.4M
Q2 25
$445.0K
$7.7M
Q1 25
$-21.7M
$-28.7M
Q4 24
$-7.9M
$22.3M
Q3 24
$22.1M
$21.7M
Q2 24
$-5.9M
$-7.0M
FCF Margin
FRPT
FRPT
FSTR
FSTR
Q1 26
4.3%
Q4 25
0.7%
12.3%
Q3 25
10.9%
19.1%
Q2 25
0.2%
5.4%
Q1 25
-8.2%
-29.4%
Q4 24
-3.0%
17.4%
Q3 24
8.7%
15.8%
Q2 24
-2.5%
-5.0%
Capex Intensity
FRPT
FRPT
FSTR
FSTR
Q1 26
9.3%
Q4 25
18.6%
1.5%
Q3 25
12.2%
2.0%
Q2 25
12.6%
1.9%
Q1 25
10.1%
2.6%
Q4 24
22.2%
1.5%
Q3 24
13.4%
2.2%
Q2 24
20.5%
1.5%
Cash Conversion
FRPT
FRPT
FSTR
FSTR
Q1 26
Q4 25
1.63×
9.18×
Q3 25
0.66×
6.70×
Q2 25
2.07×
3.61×
Q1 25
Q4 24
2.78×
Q3 24
4.72×
0.69×
Q2 24
-1.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FRPT
FRPT

Segment breakdown not available.

FSTR
FSTR

Rail Technologies And Services Segment$98.0M61%
Over Time Output Method$26.3M16%
Services$19.4M12%
Rail Technologies Products$10.0M6%
Over Time Input Method$8.3M5%

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