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

Owings Mills, US

Founded

1980

Size (employees)

425 (est)

Website

medifast1.com

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.

Summary

USD

Medifast's current market capitalization is $507.4 m.

Source: SEC Filings

Income Statement

USD	FY, 2013	FY, 2014	FY, 2015	FY, 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

Source: SEC Filings

Balance Sheet

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	36.4 m	24.5 m	42 m	52.4 m
Inventories	2.9 m	2.9 m	2.9 m	18.3 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
Total Liabilities				25.2 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 x	1.4 x	1.3 x	1.3 x

Cash Flow

USD	FY, 2013	FY, 2014	FY, 2015	FY, 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)	(5 m)
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)
Cash From Financing Activities	(23.3 m)	(34.9 m)	(11.7 m)	(12.9 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