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Side-by-side financial comparison of Freshpet, Inc. (FRPT) and Guardian Pharmacy Services, Inc. (GRDN). Click either name above to swap in a different company.

Guardian Pharmacy Services, Inc. is the larger business by last-quarter revenue ($336.6M vs $297.6M, roughly 1.1× Freshpet, Inc.). Freshpet, Inc. runs the higher net margin — 16.3% vs 4.0%, a 12.3% gap on every dollar of revenue. On growth, Freshpet, Inc. posted the faster year-over-year revenue change (13.1% vs 2.2%).

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.

CVS Pharmacy Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. Originally named the Consumer Value Stores, it was founded in Lowell, Massachusetts, in 1963.

FRPT vs GRDN — Head-to-Head

Bigger by revenue
GRDN
GRDN
1.1× larger
GRDN
$336.6M
$297.6M
FRPT
Growing faster (revenue YoY)
FRPT
FRPT
+10.9% gap
FRPT
13.1%
2.2%
GRDN
Higher net margin
FRPT
FRPT
12.3% more per $
FRPT
16.3%
4.0%
GRDN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FRPT
FRPT
GRDN
GRDN
Revenue
$297.6M
$336.6M
Net Profit
$48.5M
$13.5M
Gross Margin
40.5%
22.7%
Operating Margin
5.3%
Net Margin
16.3%
4.0%
Revenue YoY
13.1%
2.2%
Net Profit YoY
482.0%
46.1%
EPS (diluted)
$0.21

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
GRDN
GRDN
Q1 26
$297.6M
$336.6M
Q4 25
$285.2M
$397.6M
Q3 25
$288.8M
$377.4M
Q2 25
$264.7M
$344.3M
Q1 25
$263.2M
$329.3M
Q4 24
$262.7M
Q3 24
$253.4M
$314.4M
Q2 24
$235.3M
Net Profit
FRPT
FRPT
GRDN
GRDN
Q1 26
$48.5M
$13.5M
Q4 25
$33.8M
$20.9M
Q3 25
$101.7M
$9.8M
Q2 25
$16.4M
$9.0M
Q1 25
$-12.7M
$9.4M
Q4 24
$18.1M
Q3 24
$11.9M
$-122.0M
Q2 24
$-1.7M
Gross Margin
FRPT
FRPT
GRDN
GRDN
Q1 26
40.5%
22.7%
Q4 25
43.3%
21.5%
Q3 25
39.5%
19.8%
Q2 25
40.9%
19.8%
Q1 25
39.4%
19.5%
Q4 24
42.5%
Q3 24
40.4%
19.4%
Q2 24
39.9%
Operating Margin
FRPT
FRPT
GRDN
GRDN
Q1 26
5.3%
Q4 25
15.6%
7.7%
Q3 25
8.6%
4.3%
Q2 25
6.7%
3.7%
Q1 25
-4.4%
3.9%
Q4 24
7.4%
Q3 24
4.7%
-33.3%
Q2 24
-0.7%
Net Margin
FRPT
FRPT
GRDN
GRDN
Q1 26
16.3%
4.0%
Q4 25
11.9%
5.3%
Q3 25
35.2%
2.6%
Q2 25
6.2%
2.6%
Q1 25
-4.8%
2.9%
Q4 24
6.9%
Q3 24
4.7%
-38.8%
Q2 24
-0.7%
EPS (diluted)
FRPT
FRPT
GRDN
GRDN
Q1 26
$0.21
Q4 25
$0.71
Q3 25
$1.86
Q2 25
$0.33
Q1 25
$-0.26
Q4 24
$0.35
Q3 24
$0.24
Q2 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
FRPT
FRPT
GRDN
GRDN
Cash + ST InvestmentsLiquidity on hand
$381.4M
$64.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$232.4M
Total Assets
$1.8B
$426.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPT
FRPT
GRDN
GRDN
Q1 26
$381.4M
$64.9M
Q4 25
$278.0M
$65.6M
Q3 25
$274.6M
$36.5M
Q2 25
$243.7M
$18.8M
Q1 25
$243.7M
$14.0M
Q4 24
$268.6M
Q3 24
$274.6M
$37.2M
Q2 24
$251.7M
Total Debt
FRPT
FRPT
GRDN
GRDN
Q1 26
Q4 25
$0
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$34.3M
Q2 24
Stockholders' Equity
FRPT
FRPT
GRDN
GRDN
Q1 26
$1.3B
$232.4M
Q4 25
$1.2B
$217.9M
Q3 25
$1.2B
$195.5M
Q2 25
$1.1B
$179.7M
Q1 25
$1.0B
$163.2M
Q4 24
$1.1B
Q3 24
$1.0B
$133.9M
Q2 24
$995.8M
Total Assets
FRPT
FRPT
GRDN
GRDN
Q1 26
$1.8B
$426.9M
Q4 25
$1.8B
$412.7M
Q3 25
$1.7B
$390.0M
Q2 25
$1.6B
$356.3M
Q1 25
$1.6B
$334.0M
Q4 24
$1.6B
Q3 24
$1.5B
$348.0M
Q2 24
$1.5B
Debt / Equity
FRPT
FRPT
GRDN
GRDN
Q1 26
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.26×
Q2 24

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
GRDN
GRDN
Operating Cash FlowLast quarter
$6.1M
Free Cash FlowOCF − Capex
$12.7M
FCF MarginFCF / Revenue
4.3%
Capex IntensityCapex / Revenue
9.3%
Cash ConversionOCF / Net Profit
0.45×
TTM Free Cash FlowTrailing 4 quarters
$46.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPT
FRPT
GRDN
GRDN
Q1 26
$6.1M
Q4 25
$55.1M
$34.6M
Q3 25
$66.8M
$28.2M
Q2 25
$33.9M
$19.9M
Q1 25
$4.8M
$17.6M
Q4 24
$50.4M
Q3 24
$56.1M
Q2 24
$42.4M
Free Cash Flow
FRPT
FRPT
GRDN
GRDN
Q1 26
$12.7M
Q4 25
$2.1M
Q3 25
$31.6M
$24.2M
Q2 25
$445.0K
Q1 25
$-21.7M
Q4 24
$-7.9M
Q3 24
$22.1M
Q2 24
$-5.9M
FCF Margin
FRPT
FRPT
GRDN
GRDN
Q1 26
4.3%
Q4 25
0.7%
Q3 25
10.9%
6.4%
Q2 25
0.2%
Q1 25
-8.2%
Q4 24
-3.0%
Q3 24
8.7%
Q2 24
-2.5%
Capex Intensity
FRPT
FRPT
GRDN
GRDN
Q1 26
9.3%
Q4 25
18.6%
Q3 25
12.2%
1.1%
Q2 25
12.6%
Q1 25
10.1%
Q4 24
22.2%
Q3 24
13.4%
Q2 24
20.5%
Cash Conversion
FRPT
FRPT
GRDN
GRDN
Q1 26
0.45×
Q4 25
1.63×
1.65×
Q3 25
0.66×
2.87×
Q2 25
2.07×
2.21×
Q1 25
1.86×
Q4 24
2.78×
Q3 24
4.72×
Q2 24

Financial Flow Comparison

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

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