Medifast, Inc. (MED)

Medifast Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	602.46	1,072	1,599	1,526	934.84
Revenue Growth (YoY)	-43.80%	-32.94%	4.75%	63.24%	30.99%
Cost of Revenue	157.84	296.2	458.16	398.49	237.03
Gross Profit	444.62	775.85	1,140	1,128	697.82
Selling, General & Admin	424.64	644.85	951.11	906.96	560.86
Research & Development	4.6	4.6	4.5	4.4	2.8
Operating Expenses	429.24	649.45	955.61	911.36	563.66
Operating Income	15.38	126.4	184.81	216.24	134.16
Interest Expense	-	-	-0.7	-0.23	-
Interest & Investment Income	4.8	2.49	-	-	0.25
Other Non Operating Income (Expenses)	-3.9	-0.1	-0.05	0.12	-0.14
EBT Excluding Unusual Items	16.29	128.8	184.06	216.13	134.27
Asset Writedown	-11.69	-	-	-	-
Other Unusual Items	-0.81	-	-	-	-
Pretax Income	3.79	128.8	184.06	216.13	134.27
Income Tax Expense	1.7	29.38	40.49	52.1	31.41
Earnings From Continuing Operations	2.09	99.42	143.57	164.03	102.86
Net Income	2.09	99.42	143.57	164.03	102.86
Net Income to Common	2.09	99.42	143.57	164.03	102.86
Net Income Growth	-97.90%	-30.75%	-12.47%	59.47%	32.01%
Shares Outstanding (Basic)	11	11	11	12	12
Shares Outstanding (Diluted)	11	11	11	12	12
Shares Change (YoY)	0.39%	-3.15%	-4.55%	-0.31%	-2.20%
EPS (Basic)	0.19	9.13	12.82	14.01	8.74
EPS (Diluted)	0.19	9.10	12.73	13.89	8.68
EPS Growth	-97.91%	-28.52%	-8.35%	60.02%	34.99%
Free Cash Flow	17.02	141.17	177.89	60.34	139.31
Free Cash Flow Per Share	1.55	12.93	15.78	5.11	11.76
Dividend Per Share	-	4.950	6.560	5.680	4.520
Dividend Growth	-	-24.54%	15.49%	25.66%	33.73%
Gross Margin	73.80%	72.37%	71.34%	73.89%	74.64%
Operating Margin	2.55%	11.79%	11.56%	14.17%	14.35%
Profit Margin	0.35%	9.27%	8.98%	10.75%	11.00%
Free Cash Flow Margin	2.83%	13.17%	11.13%	3.95%	14.90%
EBITDA	18.9	139.51	195.79	223.05	138.48
EBITDA Margin	3.14%	13.01%	12.25%	14.62%	14.81%
D&A For EBITDA	3.52	13.11	10.98	6.81	4.32
EBIT	15.38	126.4	184.81	216.24	134.16
EBIT Margin	2.55%	11.79%	11.56%	14.17%	14.35%
Effective Tax Rate	44.79%	22.81%	22.00%	24.10%	23.39%
Advertising Expenses	14.1	3.4	1.7	1.6	4.4

Updated Feb 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q