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Side-by-side financial comparison of Freshpet, Inc. (FRPT) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.

WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $285.2M, roughly 1.2× Freshpet, Inc.). Freshpet, Inc. runs the higher net margin — 11.9% vs -18.0%, a 29.8% gap on every dollar of revenue. On growth, Freshpet, Inc. posted the faster year-over-year revenue change (8.6% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $2.1M). Over the past eight quarters, Freshpet, Inc.'s revenue compounded faster (12.9% CAGR vs -4.6%).

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.

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

FRPT vs WH — Head-to-Head

Bigger by revenue
WH
WH
1.2× larger
WH
$334.0M
$285.2M
FRPT
Growing faster (revenue YoY)
FRPT
FRPT
+84.9% gap
FRPT
8.6%
-76.3%
WH
Higher net margin
FRPT
FRPT
29.8% more per $
FRPT
11.9%
-18.0%
WH
More free cash flow
WH
WH
$165.9M more FCF
WH
$168.0M
$2.1M
FRPT
Faster 2-yr revenue CAGR
FRPT
FRPT
Annualised
FRPT
12.9%
-4.6%
WH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FRPT
FRPT
WH
WH
Revenue
$285.2M
$334.0M
Net Profit
$33.8M
$-60.0M
Gross Margin
43.3%
Operating Margin
15.6%
Net Margin
11.9%
-18.0%
Revenue YoY
8.6%
-76.3%
Net Profit YoY
86.6%
-170.6%
EPS (diluted)
$0.71
$-0.80

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
WH
WH
Q1 26
$334.0M
Q4 25
$285.2M
$334.0M
Q3 25
$288.8M
$382.0M
Q2 25
$264.7M
$397.0M
Q1 25
$263.2M
$316.0M
Q4 24
$262.7M
$336.0M
Q3 24
$253.4M
$396.0M
Q2 24
$235.3M
$367.0M
Net Profit
FRPT
FRPT
WH
WH
Q1 26
$-60.0M
Q4 25
$33.8M
$-60.0M
Q3 25
$101.7M
$105.0M
Q2 25
$16.4M
$87.0M
Q1 25
$-12.7M
$61.0M
Q4 24
$18.1M
$85.0M
Q3 24
$11.9M
$102.0M
Q2 24
$-1.7M
$86.0M
Gross Margin
FRPT
FRPT
WH
WH
Q1 26
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%
Operating Margin
FRPT
FRPT
WH
WH
Q1 26
Q4 25
15.6%
-11.4%
Q3 25
8.6%
46.6%
Q2 25
6.7%
37.8%
Q1 25
-4.4%
35.4%
Q4 24
7.4%
38.4%
Q3 24
4.7%
43.2%
Q2 24
-0.7%
39.5%
Net Margin
FRPT
FRPT
WH
WH
Q1 26
-18.0%
Q4 25
11.9%
-18.0%
Q3 25
35.2%
27.5%
Q2 25
6.2%
21.9%
Q1 25
-4.8%
19.3%
Q4 24
6.9%
25.3%
Q3 24
4.7%
25.8%
Q2 24
-0.7%
23.4%
EPS (diluted)
FRPT
FRPT
WH
WH
Q1 26
$-0.80
Q4 25
$0.71
$-0.77
Q3 25
$1.86
$1.36
Q2 25
$0.33
$1.13
Q1 25
$-0.26
$0.78
Q4 24
$0.35
$1.06
Q3 24
$0.24
$1.29
Q2 24
$-0.03
$1.07

Balance Sheet & Financial Strength

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

Metric
FRPT
FRPT
WH
WH
Cash + ST InvestmentsLiquidity on hand
$278.0M
$64.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$468.0M
Total Assets
$1.8B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPT
FRPT
WH
WH
Q1 26
$64.0M
Q4 25
$278.0M
$64.0M
Q3 25
$274.6M
$70.0M
Q2 25
$243.7M
$50.0M
Q1 25
$243.7M
$48.0M
Q4 24
$268.6M
$103.0M
Q3 24
$274.6M
$72.0M
Q2 24
$251.7M
$70.0M
Total Debt
FRPT
FRPT
WH
WH
Q1 26
Q4 25
$2.5B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Stockholders' Equity
FRPT
FRPT
WH
WH
Q1 26
$468.0M
Q4 25
$1.2B
$468.0M
Q3 25
$1.2B
$583.0M
Q2 25
$1.1B
$570.0M
Q1 25
$1.0B
$579.0M
Q4 24
$1.1B
$650.0M
Q3 24
$1.0B
$583.0M
Q2 24
$995.8M
$623.0M
Total Assets
FRPT
FRPT
WH
WH
Q1 26
$4.2B
Q4 25
$1.8B
$4.2B
Q3 25
$1.7B
$4.3B
Q2 25
$1.6B
$4.3B
Q1 25
$1.6B
$4.2B
Q4 24
$1.6B
$4.2B
Q3 24
$1.5B
$4.2B
Q2 24
$1.5B
$4.2B
Debt / Equity
FRPT
FRPT
WH
WH
Q1 26
Q4 25
5.37×
Q3 25
4.43×
Q2 25
4.44×
Q1 25
4.29×
Q4 24
3.72×
Q3 24
4.19×
Q2 24
3.83×

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
WH
WH
Operating Cash FlowLast quarter
$55.1M
$367.0M
Free Cash FlowOCF − Capex
$2.1M
$168.0M
FCF MarginFCF / Revenue
0.7%
50.3%
Capex IntensityCapex / Revenue
18.6%
Cash ConversionOCF / Net Profit
1.63×
TTM Free Cash FlowTrailing 4 quarters
$12.4M
$437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPT
FRPT
WH
WH
Q1 26
$367.0M
Q4 25
$55.1M
$152.0M
Q3 25
$66.8M
$86.0M
Q2 25
$33.9M
$70.0M
Q1 25
$4.8M
$59.0M
Q4 24
$50.4M
$134.0M
Q3 24
$56.1M
$79.0M
Q2 24
$42.4M
$1.0M
Free Cash Flow
FRPT
FRPT
WH
WH
Q1 26
$168.0M
Q4 25
$2.1M
$136.0M
Q3 25
$31.6M
$75.0M
Q2 25
$445.0K
$58.0M
Q1 25
$-21.7M
$52.0M
Q4 24
$-7.9M
$109.0M
Q3 24
$22.1M
$71.0M
Q2 24
$-5.9M
$-6.0M
FCF Margin
FRPT
FRPT
WH
WH
Q1 26
50.3%
Q4 25
0.7%
40.7%
Q3 25
10.9%
19.6%
Q2 25
0.2%
14.6%
Q1 25
-8.2%
16.5%
Q4 24
-3.0%
32.4%
Q3 24
8.7%
17.9%
Q2 24
-2.5%
-1.6%
Capex Intensity
FRPT
FRPT
WH
WH
Q1 26
Q4 25
18.6%
4.8%
Q3 25
12.2%
2.9%
Q2 25
12.6%
3.0%
Q1 25
10.1%
2.2%
Q4 24
22.2%
7.4%
Q3 24
13.4%
2.0%
Q2 24
20.5%
1.9%
Cash Conversion
FRPT
FRPT
WH
WH
Q1 26
Q4 25
1.63×
Q3 25
0.66×
0.82×
Q2 25
2.07×
0.80×
Q1 25
0.97×
Q4 24
2.78×
1.58×
Q3 24
4.72×
0.77×
Q2 24
0.01×

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%

WH
WH

Fee-related and other revenues$334.0M100%
Management and other fees$2.0M1%

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