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Side-by-side financial comparison of Freshpet, Inc. (FRPT) and Liberty Broadband Corp (LBRDA). Click either name above to swap in a different company.

Freshpet, Inc. is the larger business by last-quarter revenue ($285.2M vs $261.0M, roughly 1.1× Liberty Broadband Corp). Liberty Broadband Corp runs the higher net margin — 146.7% vs 11.9%, a 134.9% gap on every dollar of revenue. On growth, Freshpet, Inc. posted the faster year-over-year revenue change (8.6% vs 6.1%). Liberty Broadband Corp produced more free cash flow last quarter ($37.0M vs $2.1M). Over the past eight quarters, Freshpet, Inc.'s revenue compounded faster (12.9% CAGR vs 4.3%).

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.

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

FRPT vs LBRDA — Head-to-Head

Bigger by revenue
FRPT
FRPT
1.1× larger
FRPT
$285.2M
$261.0M
LBRDA
Growing faster (revenue YoY)
FRPT
FRPT
+2.5% gap
FRPT
8.6%
6.1%
LBRDA
Higher net margin
LBRDA
LBRDA
134.9% more per $
LBRDA
146.7%
11.9%
FRPT
More free cash flow
LBRDA
LBRDA
$34.9M more FCF
LBRDA
$37.0M
$2.1M
FRPT
Faster 2-yr revenue CAGR
FRPT
FRPT
Annualised
FRPT
12.9%
4.3%
LBRDA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FRPT
FRPT
LBRDA
LBRDA
Revenue
$285.2M
$261.0M
Net Profit
$33.8M
$383.0M
Gross Margin
43.3%
Operating Margin
15.6%
15.7%
Net Margin
11.9%
146.7%
Revenue YoY
8.6%
6.1%
Net Profit YoY
86.6%
96.4%
EPS (diluted)
$0.71
$2.68

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
LBRDA
LBRDA
Q4 25
$285.2M
Q3 25
$288.8M
Q2 25
$264.7M
$261.0M
Q1 25
$263.2M
$266.0M
Q4 24
$262.7M
$263.0M
Q3 24
$253.4M
$262.0M
Q2 24
$235.3M
$246.0M
Q1 24
$223.8M
$245.0M
Net Profit
FRPT
FRPT
LBRDA
LBRDA
Q4 25
$33.8M
Q3 25
$101.7M
Q2 25
$16.4M
$383.0M
Q1 25
$-12.7M
$268.0M
Q4 24
$18.1M
$291.0M
Q3 24
$11.9M
$142.0M
Q2 24
$-1.7M
$195.0M
Q1 24
$18.6M
$241.0M
Gross Margin
FRPT
FRPT
LBRDA
LBRDA
Q4 25
43.3%
Q3 25
39.5%
Q2 25
40.9%
Q1 25
39.4%
Q4 24
42.5%
Q3 24
40.4%
Q2 24
39.9%
Q1 24
39.4%
Operating Margin
FRPT
FRPT
LBRDA
LBRDA
Q4 25
15.6%
Q3 25
8.6%
Q2 25
6.7%
15.7%
Q1 25
-4.4%
16.2%
Q4 24
7.4%
4.9%
Q3 24
4.7%
11.5%
Q2 24
-0.7%
8.5%
Q1 24
3.8%
11.4%
Net Margin
FRPT
FRPT
LBRDA
LBRDA
Q4 25
11.9%
Q3 25
35.2%
Q2 25
6.2%
146.7%
Q1 25
-4.8%
100.8%
Q4 24
6.9%
110.6%
Q3 24
4.7%
54.2%
Q2 24
-0.7%
79.3%
Q1 24
8.3%
98.4%
EPS (diluted)
FRPT
FRPT
LBRDA
LBRDA
Q4 25
$0.71
Q3 25
$1.86
Q2 25
$0.33
$2.68
Q1 25
$-0.26
$1.87
Q4 24
$0.35
$2.04
Q3 24
$0.24
$0.99
Q2 24
$-0.03
$1.36
Q1 24
$0.37
$1.69

Balance Sheet & Financial Strength

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

Metric
FRPT
FRPT
LBRDA
LBRDA
Cash + ST InvestmentsLiquidity on hand
$278.0M
$180.0M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$1.2B
$10.4B
Total Assets
$1.8B
$16.6B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPT
FRPT
LBRDA
LBRDA
Q4 25
$278.0M
Q3 25
$274.6M
Q2 25
$243.7M
$180.0M
Q1 25
$243.7M
$226.0M
Q4 24
$268.6M
$163.0M
Q3 24
$274.6M
$168.0M
Q2 24
$251.7M
$73.0M
Q1 24
$257.9M
$108.0M
Total Debt
FRPT
FRPT
LBRDA
LBRDA
Q4 25
Q3 25
Q2 25
$3.1B
Q1 25
$3.8B
Q4 24
$3.8B
Q3 24
$3.7B
Q2 24
$3.6B
Q1 24
$3.6B
Stockholders' Equity
FRPT
FRPT
LBRDA
LBRDA
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.1B
$10.4B
Q1 25
$1.0B
$10.1B
Q4 24
$1.1B
$9.8B
Q3 24
$1.0B
$9.5B
Q2 24
$995.8M
$9.3B
Q1 24
$977.8M
$9.1B
Total Assets
FRPT
FRPT
LBRDA
LBRDA
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.6B
$16.6B
Q1 25
$1.6B
$17.0B
Q4 24
$1.6B
$16.7B
Q3 24
$1.5B
$16.3B
Q2 24
$1.5B
$16.0B
Q1 24
$1.5B
$15.7B
Debt / Equity
FRPT
FRPT
LBRDA
LBRDA
Q4 25
Q3 25
Q2 25
0.30×
Q1 25
0.38×
Q4 24
0.38×
Q3 24
0.39×
Q2 24
0.39×
Q1 24
0.40×

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
LBRDA
LBRDA
Operating Cash FlowLast quarter
$55.1M
$91.0M
Free Cash FlowOCF − Capex
$2.1M
$37.0M
FCF MarginFCF / Revenue
0.7%
14.2%
Capex IntensityCapex / Revenue
18.6%
20.7%
Cash ConversionOCF / Net Profit
1.63×
0.24×
TTM Free Cash FlowTrailing 4 quarters
$12.4M
$-49.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPT
FRPT
LBRDA
LBRDA
Q4 25
$55.1M
Q3 25
$66.8M
Q2 25
$33.9M
$91.0M
Q1 25
$4.8M
$78.0M
Q4 24
$50.4M
$1.0M
Q3 24
$56.1M
$24.0M
Q2 24
$42.4M
$27.0M
Q1 24
$5.4M
$52.0M
Free Cash Flow
FRPT
FRPT
LBRDA
LBRDA
Q4 25
$2.1M
Q3 25
$31.6M
Q2 25
$445.0K
$37.0M
Q1 25
$-21.7M
$13.0M
Q4 24
$-7.9M
$-63.0M
Q3 24
$22.1M
$-36.0M
Q2 24
$-5.9M
$-35.0M
Q1 24
$-41.1M
$-9.0M
FCF Margin
FRPT
FRPT
LBRDA
LBRDA
Q4 25
0.7%
Q3 25
10.9%
Q2 25
0.2%
14.2%
Q1 25
-8.2%
4.9%
Q4 24
-3.0%
-24.0%
Q3 24
8.7%
-13.7%
Q2 24
-2.5%
-14.2%
Q1 24
-18.3%
-3.7%
Capex Intensity
FRPT
FRPT
LBRDA
LBRDA
Q4 25
18.6%
Q3 25
12.2%
Q2 25
12.6%
20.7%
Q1 25
10.1%
24.4%
Q4 24
22.2%
24.3%
Q3 24
13.4%
22.9%
Q2 24
20.5%
25.2%
Q1 24
20.8%
24.9%
Cash Conversion
FRPT
FRPT
LBRDA
LBRDA
Q4 25
1.63×
Q3 25
0.66×
Q2 25
2.07×
0.24×
Q1 25
0.29×
Q4 24
2.78×
0.00×
Q3 24
4.72×
0.17×
Q2 24
0.14×
Q1 24
0.29×
0.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRPT
FRPT

Sales Channel Grocery Mass International And Digital$228.4M80%
Sales Channel Pet Specialty And Club$56.8M20%

LBRDA
LBRDA

Segment breakdown not available.

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