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.
Type | Public | |
Founded | 1980 | |
HQ | Baltimore, MD, US | Map |
Website | medifast1.com | |
Employee Ratings | More | |
Overall Culture | A+ | More |
USD | |
---|---|
Revenue (FY, 2020) | 934.8m |
Gross profit (FY, 2020) | 697.8m |
Gross profit margin (FY, 2020), % | 74.6% |
Net income (FY, 2020) | 102.9m |
EBIT (FY, 2020) | 134.2m |
Market capitalization (31-Mar-2021) | 2.5b |
Closing stock price (31-Mar-2021) | 211.8 |
Cash (31-Dec-2020) | 163.7m |
EV | 2.3b |
USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue | 298.2m | 356.7m | 356.9m | 285.3m | 272.8m | 274.5m | 301.6m | 501.0m | 713.7m | 934.8m |
Revenue growth, % | 16% | 7% | 12% | (20%) | (4%) | 1% | ||||
Cost of goods sold | 73.7m | 88.7m | 89.0m | 76.1m | 71.5m | 68.9m | 73.8m | 121.1m | 176.8m | 237.0m |
Gross profit | 224.5m | 268.0m | 267.8m | 209.2m | 201.3m | 205.7m | 227.8m | 379.9m | 536.9m | 697.8m |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 78.3m | 76.1m | 88.9m | 93.6m | 91.0m | 96.0m | 97.1m | 86.5m | 86.5m | 80.9m | 74.0m | 73.4m | 72.2m | 65.9m | 72.3m | 71.1m | 68.6m | 70.6m | 75.7m | 77.2m | 98.6m | 117.3m | 139.2m | 165.9m | 187.1m | 190.1m | 178.5m | 220.0m | 271.5m |
Cost of goods sold | 19.2m | 19.6m | 22.2m | 23.4m | 22.6m | 23.6m | 24.1m | 21.6m | 22.6m | 20.5m | 19.1m | 19.6m | 19.0m | 16.8m | 19.2m | 17.9m | 16.4m | 17.7m | 18.1m | 19.0m | 23.8m | 28.5m | 32.0m | 40.7m | 46.4m | 47.1m | 43.2m | 60.7m | 67.4m |
Gross profit | 59.0m | 56.4m | 66.8m | 70.1m | 68.3m | 72.4m | 72.9m | 64.9m | 63.9m | 60.4m | 54.9m | 53.8m | 53.2m | 49.2m | 53.2m | 53.2m | 52.2m | 52.9m | 57.6m | 58.2m | 74.8m | 88.8m | 107.2m | 125.1m | 140.7m | 142.9m | 135.2m | 159.3m | 204.0m |
Gross profit Margin, % | 75% | 74% | 75% | 75% | 75% | 75% | 75% | 75% | 74% | 75% | 74% | 73% | 74% | 75% | 74% | 75% | 76% | 75% | 76% | 75% | 76% | 76% | 77% | 75% | 75% | 75% | 76% | 72% | 75% |
USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|---|---|---|---|---|
Cash | 14.3m | 39.9m | 36.4m | 24.5m | 42.0m | 52.4m | 75.1m | 81.4m | 77.0m | 163.7m |
Accounts Receivable | 1.5m | 2.1m | 1.2m | 1.7m | 1.6m | 576.0k | 1.0m | 1.4m | 584.0k | |
Prepaid Expenses | 2.3m | 3.3m | 2.9m | 2.9m | 2.9m | 4.2m | 4.6m | 6.1m | 5.9m | |
Inventories | 20.0m | 20.8m | 18.1m | 15.7m | 13.3m | 18.3m | 19.3m | 38.9m | 48.8m | 53.4m |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 28.3m | 18.5m | 31.9m | 37.1m | 43.4m | 49.2m | 44.4m | 48.0m | 41.4m | 32.0m | 27.6m | 33.4m | 37.1m | 39.0m | 47.3m | 58.6m | 57.1m | 54.0m | 63.5m | 70.6m | 87.0m | 81.1m | 82.3m | 101.8m | 96.3m | 81.2m | 90.7m | 130.8m | 156.5m |
Accounts Receivable | 1.1m | 1.5m | 2.2m | 2.4m | 2.7m | 2.5m | 2.0m | 1.9m | 1.5m | 1.7m | 2.4m | 2.3m | 2.0m | 1.9m | 2.1m | 1.6m | 1.1m | 1.5m | 914.0k | 708.0k | 1.0m | 934.0k | 1.0m | 631.0k | 978.0k | 1.5m | 390.0k | 836.0k | 647.0k |
Prepaid Expenses | 1.8m | 2.2m | 2.8m | 3.1m | 2.3m | 3.4m | 3.0m | 2.0m | 2.9m | 2.4m | 1.9m | 2.8m | 3.1m | 1.7m | 2.9m | 3.5m | 3.0m | 2.9m | 3.2m | 2.4m | 3.6m | 3.9m | 3.9m | 5.0m | 7.6m | 4.8m | 7.5m | 6.4m | 5.2m |
Inventories | 15.7m | 19.4m | 15.3m | 16.3m | 18.3m | 18.4m | 16.0m | 17.5m | 15.9m | 17.6m | 16.2m | 14.2m | 12.4m | 11.8m | 13.2m | 11.4m | 15.0m | 19.9m | 18.0m | 16.0m | 17.3m | 26.9m | 43.8m | 43.3m | 48.5m | 51.9m | 47.9m | 38.6m | 41.7m |
USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|---|---|---|---|---|---|
Net Income | 18.5m | 15.9m | 24.0m | 13.2m | 20.1m | 17.8m | 27.7m | 55.8m | 77.9m | 102.9m |
Depreciation and Amortization | 8.3m | 11.2m | 11.4m | 8.1m | 7.1m | 5.4m | 4.2m | 4.4m | 4.6m | 7.3m |
Inventories | (435.0k) | (835.0k) | 2.7m | 1.8m | 2.4m | (5.0m) | (1.0m) | (18.7m) | (9.9m) | (4.6m) |
Accounts Payable | 3.8m | 9.4m | (1.4m) | (376.0k) | (2.4m) | 770.0k | 10.7m | 16.0m | 12.1m | 28.0m |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 12.3m | 17.4m | 4.0m | 6.8m | 14.0m | 5.9m | 13.0m | 18.7m | 6.0m | 11.7m | 16.5m | 4.4m | 10.7m | 16.2m | 4.3m | 7.7m | 13.7m | 6.1m | 13.7m | 20.4m | 12.2m | 26.4m | 40.1m | 20.8m | 42.1m | 58.0m | 18.5m | 40.4m | 74.9m |
Depreciation and Amortization | 3.7m | 5.8m | 2.4m | 5.2m | 8.2m | 2.6m | 5.2m | 7.9m | 2.5m | 5.1m | 7.3m | 3.7m | 5.4m | 1.6m | 3.0m | 4.2m | 1.1m | 2.1m | 3.2m | 1.5m | 2.7m | 3.5m | 1.1m | 2.2m | 3.4m | 1.7m | 3.5m | 5.3m | |
Inventories | 3.8m | 130.0k | 4.6m | 3.7m | 1.7m | 2.4m | 4.8m | 3.4m | 2.2m | 480.0k | 1.9m | 14.2m | 3.3m | 4.0m | 92.0k | 2.0m | (1.7m) | (1.6m) | 263.0k | 2.3m | 2.9m | (6.7m) | (23.6m) | (4.4m) | (9.6m) | (13.0m) | 888.0k | 10.2m | 7.0m |
Accounts Payable | 5.9m | 6.4m | 7.3m | 11.3m | 10.6m | 2.6m | 2.5m | 2.1m | (621.0k) | (1.6m) | 310.0k | 25.5m | (596.0k) | (1.7m) | 1.3m | (229.0k) | 1.8m | (1.2m) | (22.0k) | 1.8m | (3.4m) | 12.0m | 21.7m | 14.7m | 14.0m | 15.6m | 1.7m | 25.7m | 30.1m |
USD | Q2, 2011 |
---|---|
Financial Leverage | 1.4 x |
Medifast revenue breakdown by business segment: 81.0% from Take Shape For Life, 12.8% from Medifast Direct, 5.7% from MWCC- Franchise and 0.5% from Other
Medifast has 9.1k Twitter Followers. The number of followers has increased 0.6% month over month and decreased 0.7% quarter over quarter
7.8k
Tweets
2.4k
Following
9.1k
Followers
7
Tweets last 30 days
3.4
Avg. likes per Tweet
100%
Tweets with engagement
A+
91/100
A+
90/100
A+
100/100
When was Medifast founded?
Medifast was founded in 1980.
How many employees does Medifast have?
Medifast has 550 employees.
What is Medifast revenue?
Latest Medifast annual revenue is $934.8 m.
What is Medifast revenue per employee?
Latest Medifast revenue per employee is $1.7 m.
Who are Medifast competitors?
Competitors of Medifast include You Beauty, Curant Health and The Joint.
Where is Medifast headquarters?
Medifast headquarters is located at International Drive, Baltimore.
Where are Medifast offices?
Medifast has an office in Baltimore.
How many offices does Medifast have?
Medifast has 1 office.
Receive alerts for 300+ data fields across thousands of companies