vs

Side-by-side financial comparison of Freshpet, Inc. (FRPT) and POWELL INDUSTRIES INC (POWL). Click either name above to swap in a different company.

Freshpet, Inc. is the larger business by last-quarter revenue ($297.6M vs $251.2M, roughly 1.2× POWELL INDUSTRIES INC). POWELL INDUSTRIES INC runs the higher net margin — 16.5% vs 16.3%, a 0.2% gap on every dollar of revenue. On growth, Freshpet, Inc. posted the faster year-over-year revenue change (13.1% vs 4.0%). POWELL INDUSTRIES INC produced more free cash flow last quarter ($41.6M vs $12.7M). Over the past eight quarters, Freshpet, Inc.'s revenue compounded faster (12.5% CAGR vs -0.8%).

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.

Powell Industries, Inc. is a manufacturer of Integrated/Packaged Solutions and Electrical Equipment to monitor and control the distribution of electrical power in commercial and industrial markets founded in 1947. Its headquarters is in Houston, Texas.

FRPT vs POWL — Head-to-Head

Bigger by revenue
FRPT
FRPT
1.2× larger
FRPT
$297.6M
$251.2M
POWL
Growing faster (revenue YoY)
FRPT
FRPT
+9.0% gap
FRPT
13.1%
4.0%
POWL
Higher net margin
POWL
POWL
0.2% more per $
POWL
16.5%
16.3%
FRPT
More free cash flow
POWL
POWL
$28.9M more FCF
POWL
$41.6M
$12.7M
FRPT
Faster 2-yr revenue CAGR
FRPT
FRPT
Annualised
FRPT
12.5%
-0.8%
POWL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FRPT
FRPT
POWL
POWL
Revenue
$297.6M
$251.2M
Net Profit
$48.5M
$41.4M
Gross Margin
40.5%
28.4%
Operating Margin
17.0%
Net Margin
16.3%
16.5%
Revenue YoY
13.1%
4.0%
Net Profit YoY
482.0%
19.1%
EPS (diluted)
$3.40

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
POWL
POWL
Q1 26
$297.6M
Q4 25
$285.2M
$251.2M
Q3 25
$288.8M
$298.0M
Q2 25
$264.7M
$286.3M
Q1 25
$263.2M
$278.6M
Q4 24
$262.7M
$241.4M
Q3 24
$253.4M
$275.1M
Q2 24
$235.3M
$288.2M
Net Profit
FRPT
FRPT
POWL
POWL
Q1 26
$48.5M
Q4 25
$33.8M
$41.4M
Q3 25
$101.7M
$51.4M
Q2 25
$16.4M
$48.2M
Q1 25
$-12.7M
$46.3M
Q4 24
$18.1M
$34.8M
Q3 24
$11.9M
$46.1M
Q2 24
$-1.7M
$46.2M
Gross Margin
FRPT
FRPT
POWL
POWL
Q1 26
40.5%
Q4 25
43.3%
28.4%
Q3 25
39.5%
31.4%
Q2 25
40.9%
30.7%
Q1 25
39.4%
29.9%
Q4 24
42.5%
24.7%
Q3 24
40.4%
29.2%
Q2 24
39.9%
28.4%
Operating Margin
FRPT
FRPT
POWL
POWL
Q1 26
Q4 25
15.6%
17.0%
Q3 25
8.6%
21.2%
Q2 25
6.7%
21.0%
Q1 25
-4.4%
21.1%
Q4 24
7.4%
14.7%
Q3 24
4.7%
20.4%
Q2 24
-0.7%
19.9%
Net Margin
FRPT
FRPT
POWL
POWL
Q1 26
16.3%
Q4 25
11.9%
16.5%
Q3 25
35.2%
17.3%
Q2 25
6.2%
16.8%
Q1 25
-4.8%
16.6%
Q4 24
6.9%
14.4%
Q3 24
4.7%
16.7%
Q2 24
-0.7%
16.0%
EPS (diluted)
FRPT
FRPT
POWL
POWL
Q1 26
Q4 25
$0.71
$3.40
Q3 25
$1.86
$4.23
Q2 25
$0.33
$3.96
Q1 25
$-0.26
$3.81
Q4 24
$0.35
$2.86
Q3 24
$0.24
$3.77
Q2 24
$-0.03
$3.79

Balance Sheet & Financial Strength

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

Metric
FRPT
FRPT
POWL
POWL
Cash + ST InvestmentsLiquidity on hand
$381.4M
$500.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$668.9M
Total Assets
$1.8B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPT
FRPT
POWL
POWL
Q1 26
$381.4M
Q4 25
$278.0M
$500.8M
Q3 25
$274.6M
$475.5M
Q2 25
$243.7M
$433.0M
Q1 25
$243.7M
$389.3M
Q4 24
$268.6M
$373.4M
Q3 24
$274.6M
$358.4M
Q2 24
$251.7M
$374.0M
Stockholders' Equity
FRPT
FRPT
POWL
POWL
Q1 26
$1.3B
Q4 25
$1.2B
$668.9M
Q3 25
$1.2B
$640.8M
Q2 25
$1.1B
$594.9M
Q1 25
$1.0B
$541.4M
Q4 24
$1.1B
$496.3M
Q3 24
$1.0B
$483.1M
Q2 24
$995.8M
$436.7M
Total Assets
FRPT
FRPT
POWL
POWL
Q1 26
$1.8B
Q4 25
$1.8B
$1.1B
Q3 25
$1.7B
$1.1B
Q2 25
$1.6B
$1.0B
Q1 25
$1.6B
$965.4M
Q4 24
$1.6B
$912.7M
Q3 24
$1.5B
$928.2M
Q2 24
$1.5B
$869.0M

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
POWL
POWL
Operating Cash FlowLast quarter
$43.6M
Free Cash FlowOCF − Capex
$12.7M
$41.6M
FCF MarginFCF / Revenue
4.3%
16.6%
Capex IntensityCapex / Revenue
9.3%
0.8%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$46.8M
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPT
FRPT
POWL
POWL
Q1 26
Q4 25
$55.1M
$43.6M
Q3 25
$66.8M
$61.1M
Q2 25
$33.9M
$47.4M
Q1 25
$4.8M
$22.4M
Q4 24
$50.4M
$37.1M
Q3 24
$56.1M
$-6.0M
Q2 24
$42.4M
$13.8M
Free Cash Flow
FRPT
FRPT
POWL
POWL
Q1 26
$12.7M
Q4 25
$2.1M
$41.6M
Q3 25
$31.6M
$59.3M
Q2 25
$445.0K
$42.3M
Q1 25
$-21.7M
$18.3M
Q4 24
$-7.9M
$34.9M
Q3 24
$22.1M
$-14.4M
Q2 24
$-5.9M
$12.4M
FCF Margin
FRPT
FRPT
POWL
POWL
Q1 26
4.3%
Q4 25
0.7%
16.6%
Q3 25
10.9%
19.9%
Q2 25
0.2%
14.8%
Q1 25
-8.2%
6.6%
Q4 24
-3.0%
14.4%
Q3 24
8.7%
-5.3%
Q2 24
-2.5%
4.3%
Capex Intensity
FRPT
FRPT
POWL
POWL
Q1 26
9.3%
Q4 25
18.6%
0.8%
Q3 25
12.2%
0.6%
Q2 25
12.6%
1.8%
Q1 25
10.1%
1.5%
Q4 24
22.2%
0.9%
Q3 24
13.4%
3.1%
Q2 24
20.5%
0.5%
Cash Conversion
FRPT
FRPT
POWL
POWL
Q1 26
Q4 25
1.63×
1.05×
Q3 25
0.66×
1.19×
Q2 25
2.07×
0.98×
Q1 25
0.48×
Q4 24
2.78×
1.07×
Q3 24
4.72×
-0.13×
Q2 24
0.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRPT
FRPT

Segment breakdown not available.

POWL
POWL

Oil And Gas Service$97.9M39%
Electricity$69.3M28%
Commercial And Other Industrial$40.6M16%
Petrochemical$22.8M9%
Other Customers$12.0M5%
Light Rail Traction Power Customer$8.6M3%

Related Comparisons