Central Garden & Pet (CENT) financial statements
Central Garden & Pet reported revenue of $3.1B in fiscal 2025, up 6.1% a year over 9 years.
Net income was $163M and the operating margin 8.0%, against 7.1% in 2016.
Free cash flow was $291M, and the company returned $155M in net buybacks.
The diluted share count rose 25% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Central Garden & Pet's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.1B | $2.2B | $2.4B | $2.7B | $3.3B | $3.3B | $3.3B | $3.2B | $3.1B |
| Cost of revenue | $1.3B | $1.4B | $1.5B | $1.7B | $1.9B | $2.3B | $2.3B | $2.4B | $2.3B | $2.1B |
| Gross profit | $553M | $633M | $675M | $704M | $797M | $971M | $992M | $947M | $944M | $997M |
| Selling, general and admin | $422M | $477M | $508M | $552M | $599M | $716M | $732M | $736M | $758M | $747M |
| Operating income | $129M | $156M | $167M | $152M | $198M | $254M | $260M | $211M | $185M | $250M |
| Interest expense | $43M | $28M | $39M | $43M | $44M | $59M | $58M | $57M | $58M | $58M |
| Pre-tax income | $70M | $126M | $127M | $119M | $154M | $195M | $199M | $162M | $142M | $217M |
| Income tax | $24M | $47M | $3M | $27M | $32M | $42M | $46M | $36M | $33M | $53M |
| Net income | $45M | $79M | $124M | $93M | $121M | $152M | $152M | $126M | $108M | $163M |
| EPS (diluted) | $0.87 | $1.52 | $2.32 | $1.61 | $2.20 | $2.75 | $2.24 | $1.88 | $1.62 | $2.55 |
| Diluted shares | 51M | 52M | 53M | 58M | 55M | 55M | 68M | 67M | 67M | 64M |
| Gross margin | 30.2% | 30.8% | 30.5% | 29.5% | 29.6% | 29.4% | 29.7% | 28.6% | 29.5% | 31.9% |
| Operating margin | 7.1% | 7.6% | 7.6% | 6.4% | 7.3% | 7.7% | 7.8% | 6.4% | 5.8% | 8.0% |
| Net margin | 2.4% | 3.8% | 5.6% | 3.9% | 4.5% | 4.6% | 4.6% | 3.8% | 3.4% | 5.2% |
Balance sheet
Fiscal years, from Central Garden & Pet's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $93M | $32M | $482M | $498M | $653M | $426M | $177M | $489M | $754M | $882M |
| Receivables | $201M | $238M | $276M | $300M | $392M | $385M | $377M | $333M | $326M | $325M |
| Inventory | $362M | $382M | $428M | $466M | $440M | $685M | $938M | $838M | $758M | $722M |
| Total current assets | $683M | $683M | $1.2B | $1.3B | $1.5B | $1.5B | $1.6B | $1.7B | $1.9B | $2.0B |
| Property, plant and equipment | $158M | $181M | $218M | $245M | $245M | $329M | $397M | $392M | $379M | $363M |
| Goodwill | $231M | $256M | $281M | $286M | $290M | $369M | $546M | $546M | $551M | $555M |
| Total assets | $1.2B | $1.3B | $1.9B | $2.0B | $2.3B | $3.1B | $3.3B | $3.4B | $3.6B | $3.6B |
| Total current liabilities | $202M | $220M | $213M | $279M | $440M | $522M | $466M | $458M | $515M | $539M |
| Long-term debt | $395M | $395M | $692M | $693M | $694M | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Total liabilities | $626M | $670M | $954M | $1.0B | $1.3B | $1.9B | $1.9B | $1.9B | $2.0B | $2.0B |
| Shareholders' equity | $553M | $636M | $952M | $996M | $1.1B | $1.2B | $1.3B | $1.5B | $1.6B | $1.6B |
| Net debt | $302M | $363M | $210M | $195M | $41M | $759M | $1.0B | $699M | $436M | $309M |
Cash flow
Fiscal years, from Central Garden & Pet's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $151M | $114M | $114M | $205M | $264M | $251M | -$34M | $382M | $395M | $333M |
| Capital spending | $28M | $45M | $38M | $32M | $43M | $80M | $115M | $54M | $43M | $41M |
| Free cash flow | $124M | $70M | $76M | $173M | $221M | $171M | -$149M | $328M | $352M | $291M |
| Stock-based compensation | $8M | $11M | $12M | $15M | $19M | $23M | $26M | $28M | $21M | $21M |
| Share buybacks (net) | -$11M | -$28M | -$14M | -$63M | -$59M | -$28M | -$62M | -$37M | -$24M | -$155M |
| Net borrowing | -$307,000 | -$463,000 | $300M | -$46M | -$113,000 | $470M | -$1M | -$338,000 | -$370,000 | -$231,000 |
| Free cash flow margin | 6.8% | 3.4% | 3.4% | 7.3% | 8.2% | 5.2% | -4.5% | 9.9% | 11.0% | 9.3% |
Questions
What was Central Garden & Pet's revenue in 2025?
$3.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Central Garden & Pet generate?
$291M in fiscal 2025 (operating cash flow minus capital spending).
From Central Garden & Pet's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.