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 Metrics

Medifast Financial Metrics

Revenue (2016)

$274.5 m

Revenue growth (2015-16), %

1%

Gross profit

$205.7 m

Gross profit margin (2016), %

75%

Net income (2016)

$17.8 m

Market capitalization (21-Mar-2017)

$510.9 m

Closing share price (21-Mar-2017)

$43.4

Cash (31-Dec-2016)

$52.4 m
Medifast's current market capitalization is $510.9 m.
Medifast's revenue was reported to be $274.5 m in FY, 2016 which is a 0.6% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$356.9 m$285.3 m$272.8 m$274.5 m

Revenue growth, %

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

Cost of goods sold

$89 m$76.1 m$71.5 m$68.9 m

Gross profit

$267.8 m$209.2 m$201.3 m$205.7 m

Gross profit Margin, %

75%73%74%75%

EBIT

$33.6 m$30.2 m$28.7 m$26.9 m

EBIT margin, %

9%11%11%10%

Pre tax profit

$34.2 m$31.7 m$29.7 m$27.1 m

Net Income

$24 m$13.2 m$20.1 m$17.8 m
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

$10.6 m$17.2 m$14.3 m$39.9 m$36.4 m$24.5 m$42 m$52.4 m

Accounts Receivable

Inventories

$2.9 m$2.9 m$2.9 m$3.5 m

Current Assets

$92 m$81.9 m$88.1 m$101.3 m

PP&E

$40.3 m$33.5 m$29 m$19.8 m

Total Assets

$132.7 m$115.9 m$117.3 m$121.2 m

Accounts Payable

$26.8 m$21.9 m$22.5 m$24.3 m

Current Liabilities

$27.1 m$26.9 m$23.6 m$24.4 m

Additional Paid-in Capital

$1.1 m$2.7 m

Retained Earnings

$97.7 m$78.9 m$88.6 m$93.5 m

Total Equity

$98.4 m$80.5 m$88.6 m$96 m

Financial Leverage

1.3 x1.4 x1.3 x1.3 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$24 m$13.2 m$20.1 m$17.8 m

Depreciation and Amortization

$11.4 m$8.1 m$7.1 m$5.4 m

Accounts Receivable

$902 k($708 k)$17 k$246 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 m$25.5 m$29.4 m$25.4 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)

Interest Paid

$57 k$131 k$22 k$24 k

Income Taxes Paid

$10 m$12.7 m$4.2 m$11.6 m

Medifast Operating Metrics

FY, 2016

Distribution Centers

2

Facilities

1

Medifast Market Value History

Medifast Revenue Breakdown

Medifast Online Presence

Medifast Company Life

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