Healthcare · Medical - Pharmaceuticals
Price
$1.76
Market Cap
$37.6M
Employees
287
Beta
0.77
Avg Volume
116,462
CEO
Leslie C. G. Campbell
Business Description
PetMed Express, Inc., through its various subsidiaries, operates as a prominent pet pharmacy across the United States. The company provides a comprehensive range of both prescribed and over-the-counter animal medications, health-related items, and other essential supplies for canines, felines, and equines. Their non-prescription offerings include products for flea and tick prevention, joint and bone care, vitamins, treats, nutritional supplements, hygiene essentials, and general pet supplies. For prescription needs, they supply heartworm and flea/tick preventatives, alongside medications for conditions such as arthritis, dermatitis, thyroid imbalances, diabetes, pain relief, and cardiovascular issues, often providing generic alternatives. Beyond pharmaceuticals, the company also retails pet food, bedding, crates, stairs, and various other accessories. PetMed Express engages with its clientele through multiple distribution channels: its official website, a dedicated mobile application, a telephone contact center, direct mail campaigns (like brochures and postcards), and television advertisements, frequently promoting its 1-800-PetMeds and PetMeds brands. The company was established in 1996 and is headquartered in Delray Beach, Florida.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.64
Stock Price: $1.76
EPS (Diluted): -2.74
EPS (Diluted): -2.74
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.65
Stock Price: $1.76
Total Equity: $28.94M
Shares: 20,921,361
Total Equity: $28.94M
Shares: 20,921,361
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-1.22
Market Cap: $37.60M
Total Debt: $493,000
Cash: $21.41M
EBITDA: -$22.03M
Total Debt: $493,000
Cash: $21.41M
EBITDA: -$22.03M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$26.8M
Market Cap: $37.60M
Total Debt: $493,000
Cash: $21.41M
Total Debt: $493,000
Cash: $21.41M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.27
Stock Price: $1.76
Revenue: $179.02M
Shares: 20,921,361
Revenue: $179.02M
Shares: 20,921,361
EV/Sales (Total value vs revenue — works when P/E can't)
API0.15
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
22.8%
Gross Profit: $40.83M
Revenue: $179.02M
Revenue: $179.02M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-17.5%
Operating Income: -$31.42M
Revenue: $179.02M
Revenue: $179.02M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-32.0%
Net Income: -$57.29M
Revenue: $179.02M
Revenue: $179.02M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-197.9%
Net Income: -$57.29M
Total Equity: $28.94M
Total Equity: $28.94M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-391.2%
Operating Income: -$31.42M
Tax Rate: 0.1%
Equity: $28.94M
Total Debt: $493,000
Cash: $21.41M
Tax Rate: 0.1%
Equity: $28.94M
Total Debt: $493,000
Cash: $21.41M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.84
Current Assets: $43.56M
Current Liabilities: $52.03M
Current Liabilities: $52.03M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.02
Short-Term Debt: $493,000
Long-Term Debt: $0.00
Total Debt: $493,000
Total Equity: $28.94M
Long-Term Debt: $0.00
Total Debt: $493,000
Total Equity: $28.94M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$8.56
Revenue: $179.02M
Shares: 20,921,361
Shares: 20,921,361
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$1.38
Total Equity: $28.94M
Shares: 20,921,361
Shares: 20,921,361
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-1.58
Operating CF: -$28.39M
CapEx: -$4.62M
Shares: 20,921,361
CapEx: -$4.62M
Shares: 20,921,361
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.76
Stock Price: $1.76
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$57.29M
Net Income: -$57.29M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares PETS against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 6:43pm (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $273.4M | $256.6M | $274.1M | $227.0M | $179.0M |
| Cost of Revenue | $198.1M | $185.8M | $196.4M | $157.8M | $138.2M |
| Gross Profit | $75.3M | $71.0M | $77.7M | $69.1M | $40.8M |
| Operating Expenses | $49.6M | $64.7M | $84.7M | $70.7M | $72.2M |
| Operating Income | $25.7M | $6.6M | -$7.0M | -$1.5M | -$31.4M |
| Net Income | $21.1M | $5.1M | -$7.5M | -$6.3M | -$57.3M |
| EBITDA | $29.8M | $11.0M | $783,000 | $6.7M | -$22.0M |
| EPS | $1.05 | $0.25 | $-0.37 | $-0.30 | $-2.74 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 6:43pm (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $111.1M | $104.1M | $55.3M | $54.7M | $21.4M |
| Total Current Assets | $151.0M | $130.4M | $93.6M | $78.9M | $43.6M |
| Total Assets | $176.3M | $170.0M | $169.9M | $148.7M | $81.2M |
| Current Liabilities | $33.2M | $57.5M | $72.2M | $62.8M | $52.0M |
| Long-Term Debt | $0 | $0 | $0 | $535,000 | $0 |
| Total Liabilities | $34.1M | $60.0M | $73.2M | $63.6M | $52.3M |
| Total Equity | $142.2M | $110.0M | $96.7M | $85.1M | $28.9M |
| Retained Earnings | $130.5M | $91.7M | $71.6M | $66.5M | $9.3M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 6:43pm (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $18.5M | $27.8M | $4.3M | $4.7M | -$28.4M |
| Capital Expenditure | -$1.8M | -$5.3M | -$4.5M | -$5.1M | -$4.6M |
| Free Cash Flow | $16.7M | $22.5M | $-194,000 | $-395,000 | -$33.0M |
| Acquisitions (net) | $0 | -$5.0M | -$36.2M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$7.6M | -$7.0M | -$48.8M | $-576,000 | -$33.3M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 7:58pm (12h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$230.2M $230.2M – $230.2M
|
$178.5M $178.5M – $178.5M
|
$180.3M $180.3M – $180.3M
|
$184.4M $184.4M – $184.4M
|
| EBITDA |
$2.8M $2.8M – $2.8M
|
$2.2M $2.2M – $2.2M
|
$2.2M $2.2M – $2.2M
|
$2.3M $2.3M – $2.3M
|
| Net Income |
-$1.7M -$1.7M – -$1.7M
|
-$56.9M -$56.9M – -$56.9M
|
$1.5M $1.5M – $1.5M
|
$1.9M $1.9M – $1.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 6:43pm (2d ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | -6.2% | +6.8% | -17.2% | -21.1% |
| Gross Profit Growth | -5.7% | +9.4% | -11.0% | -40.9% |
| Operating Income Growth | -74.5% | -206.3% | +78.0% | -1,953.3% |
| Net Income Growth | -75.6% | -245.2% | +16.0% | -813.5% |
| EBITDA Growth | -63.1% | -92.9% | +756.8% | -428.3% |
Dividend History (Last 20)
Last updated: Jun 24, 2026 6:43pm (2d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2023-08-11 | $0.30 | 2023-07-31 | 2023-08-14 | 2023-08-18 |
| 2023-06-05 | $0.30 | 2023-05-22 | 2023-06-06 | 2023-06-12 |
| 2023-02-16 | $0.30 | 2023-02-06 | 2023-02-20 | 2023-02-27 |
| 2022-11-17 | $0.30 | 2022-11-07 | 2022-11-18 | 2022-11-30 |
| 2022-08-11 | $0.30 | 2022-07-25 | 2022-08-12 | 2022-08-19 |
| 2022-05-19 | $0.30 | 2022-05-09 | 2022-05-20 | 2022-05-27 |
| 2022-02-04 | $0.30 | 2022-01-24 | 2022-02-07 | 2022-02-18 |
| 2021-11-05 | $0.30 | 2021-10-25 | 2021-11-08 | 2021-11-19 |
| 2021-08-05 | $0.30 | 2021-07-26 | 2021-08-06 | 2021-08-13 |
| 2021-05-13 | $0.30 | 2021-05-03 | 2021-05-14 | 2021-05-21 |
| 2021-01-29 | $0.28 | 2021-01-19 | 2021-02-01 | 2021-02-12 |
| 2020-11-06 | $0.28 | 2020-10-26 | 2020-11-09 | 2020-11-20 |
| 2020-07-30 | $0.28 | 2020-07-20 | 2020-07-31 | 2020-08-07 |
| 2020-05-14 | $0.28 | 2020-05-04 | 2020-05-15 | 2020-05-22 |
| 2020-01-31 | $0.27 | 2020-01-21 | 2020-02-03 | 2020-02-14 |
| 2019-11-01 | $0.27 | 2019-10-21 | 2019-11-04 | 2019-11-15 |
| 2019-08-01 | $0.27 | 2019-07-19 | 2019-08-02 | 2019-08-09 |
| 2019-05-16 | $0.27 | 2019-05-06 | 2019-05-17 | 2019-05-24 |
| 2019-02-01 | $0.27 | 2019-01-22 | 2019-02-04 | 2019-02-15 |
| 2018-11-02 | $0.27 | 2018-10-22 | 2018-11-05 | 2018-11-16 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for PETS — it's generated by the pipeline (
market-narrative step).
No community reviews yet for PETS.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30