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

TripAdvisor, Inc. is the larger business by last-quarter revenue ($411.0M vs $297.6M, roughly 1.4× Freshpet, Inc.). Freshpet, Inc. runs the higher net margin — 16.3% vs -9.2%, a 25.5% gap on every dollar of revenue. On growth, Freshpet, Inc. posted the faster year-over-year revenue change (13.1% vs 0.0%). Freshpet, Inc. produced more free cash flow last quarter ($12.7M vs $-122.0M). Over the past eight quarters, Freshpet, Inc.'s revenue compounded faster (12.5% CAGR vs 2.0%).

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.

Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.

FRPT vs TRIP — Head-to-Head

Bigger by revenue
TRIP
TRIP
1.4× larger
TRIP
$411.0M
$297.6M
FRPT
Growing faster (revenue YoY)
FRPT
FRPT
+13.1% gap
FRPT
13.1%
0.0%
TRIP
Higher net margin
FRPT
FRPT
25.5% more per $
FRPT
16.3%
-9.2%
TRIP
More free cash flow
FRPT
FRPT
$134.7M more FCF
FRPT
$12.7M
$-122.0M
TRIP
Faster 2-yr revenue CAGR
FRPT
FRPT
Annualised
FRPT
12.5%
2.0%
TRIP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRPT
FRPT
TRIP
TRIP
Revenue
$297.6M
$411.0M
Net Profit
$48.5M
$-38.0M
Gross Margin
40.5%
91.5%
Operating Margin
-8.3%
Net Margin
16.3%
-9.2%
Revenue YoY
13.1%
0.0%
Net Profit YoY
482.0%
-3900.0%
EPS (diluted)
$-0.32

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
TRIP
TRIP
Q1 26
$297.6M
Q4 25
$285.2M
$411.0M
Q3 25
$288.8M
$553.0M
Q2 25
$264.7M
$529.0M
Q1 25
$263.2M
$398.0M
Q4 24
$262.7M
$411.0M
Q3 24
$253.4M
$532.0M
Q2 24
$235.3M
$497.0M
Net Profit
FRPT
FRPT
TRIP
TRIP
Q1 26
$48.5M
Q4 25
$33.8M
$-38.0M
Q3 25
$101.7M
$53.0M
Q2 25
$16.4M
$36.0M
Q1 25
$-12.7M
$-11.0M
Q4 24
$18.1M
$1.0M
Q3 24
$11.9M
$39.0M
Q2 24
$-1.7M
$24.0M
Gross Margin
FRPT
FRPT
TRIP
TRIP
Q1 26
40.5%
Q4 25
43.3%
91.5%
Q3 25
39.5%
92.6%
Q2 25
40.9%
92.1%
Q1 25
39.4%
93.2%
Q4 24
42.5%
93.4%
Q3 24
40.4%
92.5%
Q2 24
39.9%
92.8%
Operating Margin
FRPT
FRPT
TRIP
TRIP
Q1 26
Q4 25
15.6%
-8.3%
Q3 25
8.6%
12.7%
Q2 25
6.7%
11.2%
Q1 25
-4.4%
-3.8%
Q4 24
7.4%
0.2%
Q3 24
4.7%
13.2%
Q2 24
-0.7%
7.2%
Net Margin
FRPT
FRPT
TRIP
TRIP
Q1 26
16.3%
Q4 25
11.9%
-9.2%
Q3 25
35.2%
9.6%
Q2 25
6.2%
6.8%
Q1 25
-4.8%
-2.8%
Q4 24
6.9%
0.2%
Q3 24
4.7%
7.3%
Q2 24
-0.7%
4.8%
EPS (diluted)
FRPT
FRPT
TRIP
TRIP
Q1 26
Q4 25
$0.71
$-0.32
Q3 25
$1.86
$0.43
Q2 25
$0.33
$0.28
Q1 25
$-0.26
$-0.08
Q4 24
$0.35
$0.03
Q3 24
$0.24
$0.27
Q2 24
$-0.03
$0.17

Balance Sheet & Financial Strength

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

Metric
FRPT
FRPT
TRIP
TRIP
Cash + ST InvestmentsLiquidity on hand
$381.4M
$1.0B
Total DebtLower is stronger
$819.0M
Stockholders' EquityBook value
$1.3B
$645.0M
Total Assets
$1.8B
$2.6B
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPT
FRPT
TRIP
TRIP
Q1 26
$381.4M
Q4 25
$278.0M
$1.0B
Q3 25
$274.6M
$1.2B
Q2 25
$243.7M
$1.2B
Q1 25
$243.7M
$1.2B
Q4 24
$268.6M
$1.1B
Q3 24
$274.6M
$1.1B
Q2 24
$251.7M
$1.2B
Total Debt
FRPT
FRPT
TRIP
TRIP
Q1 26
Q4 25
$819.0M
Q3 25
$821.0M
Q2 25
$822.0M
Q1 25
$1.2B
Q4 24
$831.0M
Q3 24
$832.0M
Q2 24
Stockholders' Equity
FRPT
FRPT
TRIP
TRIP
Q1 26
$1.3B
Q4 25
$1.2B
$645.0M
Q3 25
$1.2B
$707.0M
Q2 25
$1.1B
$627.0M
Q1 25
$1.0B
$643.0M
Q4 24
$1.1B
$943.0M
Q3 24
$1.0B
$944.0M
Q2 24
$995.8M
$857.0M
Total Assets
FRPT
FRPT
TRIP
TRIP
Q1 26
$1.8B
Q4 25
$1.8B
$2.6B
Q3 25
$1.7B
$2.8B
Q2 25
$1.6B
$2.9B
Q1 25
$1.6B
$2.8B
Q4 24
$1.6B
$2.6B
Q3 24
$1.5B
$2.7B
Q2 24
$1.5B
$2.8B
Debt / Equity
FRPT
FRPT
TRIP
TRIP
Q1 26
Q4 25
1.27×
Q3 25
1.16×
Q2 25
1.31×
Q1 25
1.81×
Q4 24
0.88×
Q3 24
0.88×
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
TRIP
TRIP
Operating Cash FlowLast quarter
$-103.0M
Free Cash FlowOCF − Capex
$12.7M
$-122.0M
FCF MarginFCF / Revenue
4.3%
-29.7%
Capex IntensityCapex / Revenue
9.3%
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$46.8M
$163.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPT
FRPT
TRIP
TRIP
Q1 26
Q4 25
$55.1M
$-103.0M
Q3 25
$66.8M
$44.0M
Q2 25
$33.9M
$202.0M
Q1 25
$4.8M
$102.0M
Q4 24
$50.4M
$-3.0M
Q3 24
$56.1M
$-43.0M
Q2 24
$42.4M
$51.0M
Free Cash Flow
FRPT
FRPT
TRIP
TRIP
Q1 26
$12.7M
Q4 25
$2.1M
$-122.0M
Q3 25
$31.6M
$25.0M
Q2 25
$445.0K
$177.0M
Q1 25
$-21.7M
$83.0M
Q4 24
$-7.9M
$-26.0M
Q3 24
$22.1M
$-63.0M
Q2 24
$-5.9M
$36.0M
FCF Margin
FRPT
FRPT
TRIP
TRIP
Q1 26
4.3%
Q4 25
0.7%
-29.7%
Q3 25
10.9%
4.5%
Q2 25
0.2%
33.5%
Q1 25
-8.2%
20.9%
Q4 24
-3.0%
-6.3%
Q3 24
8.7%
-11.8%
Q2 24
-2.5%
7.2%
Capex Intensity
FRPT
FRPT
TRIP
TRIP
Q1 26
9.3%
Q4 25
18.6%
4.6%
Q3 25
12.2%
3.4%
Q2 25
12.6%
4.7%
Q1 25
10.1%
4.8%
Q4 24
22.2%
5.6%
Q3 24
13.4%
3.8%
Q2 24
20.5%
3.0%
Cash Conversion
FRPT
FRPT
TRIP
TRIP
Q1 26
Q4 25
1.63×
Q3 25
0.66×
0.83×
Q2 25
2.07×
5.61×
Q1 25
Q4 24
2.78×
-3.00×
Q3 24
4.72×
-1.10×
Q2 24
2.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRPT
FRPT

Segment breakdown not available.

TRIP
TRIP

Third Party$327.0M80%
The Fork$58.0M14%
Other$26.0M6%

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