Medifast

Medifast is a leading provider of clinically proven, portion-controlled weight-loss programs. Medifast is on a mission to enrich lives by providing innovative choices for lasting health.When you choose Medifast, you get a powerful product along with the support of an unusually committed company. We are passionate about offering hope to those who want freedom from obesity.

Unlike other companies who manufacture their foods overseas, Medifast makes most of its products in our wholly-owned manufacturing facility just a couple of blocks from our executive offices in Owings Mills, MD. We offer over 70 meal replacement products, including bars, brownies, soups, chili, puddings, and oatmeals.

Company Growth (employees)
Type
Public
HQ
Owings Mills, US
Founded
1980
Size (employees)
425 (est)
Medifast was founded in 1980 and is headquartered in Owings Mills, US

Medifast Office Locations

Medifast has an office in Owings Mills
Owings Mills, US (HQ)
11445 Cronhill Dr

Medifast Data and Metrics

Medifast Financial Metrics

Medifast's revenue was reported to be $274.5 m in FY, 2016 which is a 1% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

274.5 m

Revenue growth (FY, 2015 - FY, 2016), %

1%

Gross profit (FY, 2016)

205.7 m

Gross profit margin (FY, 2016), %

75%

Net income (FY, 2016)

17.8 m

EBIT (FY, 2016)

26.9 m

Market capitalization (24-May-2017)

502.3 m

Closing share price (24-May-2017)

42.4

Cash (31-Dec-2016)

52.4 m
Medifast's current market capitalization is $502.3 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

356.9 m285.3 m272.8 m274.5 m

Revenue growth, %

12%(20%)(4%)1%

Cost of goods sold

89 m76.1 m71.5 m68.9 m

Gross profit

267.8 m209.2 m201.3 m205.7 m

Gross profit Margin, %

75%73%74%75%

EBIT

33.6 m30.2 m28.7 m26.9 m

EBIT margin, %

9%11%11%10%

Pre tax profit

34.2 m31.7 m29.7 m27.1 m

Net Income

24 m13.2 m20.1 m17.8 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

36.4 m24.5 m42 m52.4 m

Inventories

2.9 m2.9 m2.9 m3.5 m

Current Assets

92 m81.9 m88.1 m101.3 m

PP&E

40.3 m33.5 m29 m19.8 m

Total Assets

132.7 m115.9 m117.3 m121.2 m

Accounts Payable

26.8 m21.9 m22.5 m24.3 m

Current Liabilities

27.1 m26.9 m23.6 m24.4 m

Additional Paid-in Capital

1.1 m2.7 m

Retained Earnings

97.7 m78.9 m88.6 m93.5 m

Total Equity

98.4 m80.5 m88.6 m96 m

Financial Leverage

1.3 x1.4 x1.3 x1.3 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

24 m13.2 m20.1 m17.8 m

Depreciation and Amortization

11.4 m8.1 m7.1 m5.4 m

Accounts Receivable

902 k(708 k)17 k246 k

Inventories

406 k(349 k)(56 k)(616 k)

Accounts Payable

(1.4 m)(376 k)(2.4 m)770 k

Cash From Operating Activities

42.4 m25.5 m29.4 m25.4 m

Purchases of PP&E

(50.7 m)(52.2 m)(18.5 m)(53.2 m)

Cash From Investing Activities

(22.6 m)(2.5 m)(189 k)(2 m)

Cash From Financing Activities

(23.3 m)(34.9 m)(11.7 m)(12.9 m)

Interest Paid

57 k131 k22 k24 k

Income Taxes Paid

10 m12.7 m4.2 m11.6 m
Y, 2016

Financial Leverage

1.3 x

Medifast Operating Metrics

FY, 2016

Distribution Centers

2

Facilities

1

Medifast Market Value History

Medifast Revenue Breakdown

Medifast Online and Social Media Presence

Medifast Company Life and Culture

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