Financials

Central Garden & Pet Company financials

CENT Household Durables

Central Garden & Pet Company, founded in 1955, is a Nasdaq‐listed manufacturer and marketer of a wide range of pet and garden products distributed through extensive wholesale and retail networks. Under the guidance of CEO Michael R. Johnson, the company serves over 40,000 retail customers and holds an estimated 10-12% market share in its segments. It continues to advance its competitive position by expanding into digital commerce and investing in product innovation. These strategic initiatives position the company for continued growth in a competitive consumer discretionary sector.

Snapshot

Central Garden & Pet Company reported $3.13B in revenue in fiscal 2025, up -2.2% year over year, with an operating margin of 8.0%.

Revenue (FY2025)
$3.13B
YoY growth
+-2.2%
Operating margin
8.0%
Direction
Expanding

Financial statements

In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Total Revenues3,129,0603,200,4603,310,0803,338,590
Cost of Sales2,131,7302,256,7302,363,2402,346,280
Gross Profit997,336943,735946,842992,305
Selling, General & Administrative Expenses747,294758,348736,196732,269
Operating Profit250,042185,387210,646260,036
Interest and Investment Income24,88519,6557,362719
Interest Expense(57,697)(57,527)(57,025)(58,253)
Non-Operating Income(480)(5,090)1,462(3,596)
Total Non-Operating Income(33,292)(42,962)(48,201)(61,130)
Income Before Provision for Income Taxes216,750142,425162,445198,906
Provision for Income Taxes52,78733,11236,34846,234
Consolidated Net Income163,963109,313126,097152,672
Net Income Attributable to Minority Interests and Other1,1201,330454520
Net Income Attributable to Common Shareholders162,843107,983125,643152,152
Basic EPS2.581.641.922.29
Diluted EPS2.551.621.882.24
Basic Weighted Average Shares Outstanding63,09465,71165,49366,525
Diluted Weighted Average Shares Outstanding63,81566,86066,78368,031
Shares Outstanding62,87167,12367,15367,806
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents898,433768,403502,873192,184
Total Cash and Cash Equivalents898,433768,403502,873192,184
Accounts Receivable325,498326,220332,890376,787
Total Trade Receivables325,498326,220332,890376,787
Inventories722,105757,943838,188938,000
Other Current Assets30,29434,24033,17246,883
Total Current Assets1,976,3301,886,8101,707,1201,553,850
Net Property, Plant & Equipment583,851584,363565,308583,323
Net Intangible Assets447,643473,260497,228543,210
Goodwill554,692551,361546,436546,436
Other Long-Term Assets63,12757,68962,55355,179
Total Assets3,625,6403,553,4403,378,6503,282,000
Accounts Payable234,618212,606190,902215,681
Accrued Expenses247,213245,226216,241201,783
Current Portion of Long-Term Debt12239247317
Current Portion of Leases56,86557,31350,59748,111
Total Current Liabilities538,758515,384457,987465,892
Long-Term Debt1,191,6401,189,8101,187,9601,186,250
Leases191,739173,086135,621147,724
Other Long-Term Liabilities118,572117,615144,271147,429
Total Long-Term Liabilities1,501,9501,480,5101,467,8501,481,400
Total Liabilities2,040,7101,995,8901,925,8401,947,290
Common Stock629671671542
Additional Paid-in Capital571,392598,098594,282582,056
Accumulated Other Comprehensive Income(9,849)(2,625)(2,970)(4,145)
Retained Earnings1,015,100959,511859,370755,253
Total Common Shareholders' Equity1,582,2701,555,6501,451,3501,333,710
Minority Interests and Other1,6651,8911,4601,006
Total Shareholders' Equity1,583,9301,557,5501,452,8101,334,710
Total Liabilities and Shareholders' Equity3,625,6403,553,4403,378,6503,282,000
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Net Income163,963109,313126,097152,672
Depreciation & Amortization84,89490,80787,70080,948
Share-Based Compensation Expense21,06020,58327,99025,817
Other Adjustments73,46593,38552,36778,962
Changes in Trade Receivables62911,85743,9807,004
Changes in Inventories31,27884,30686,980(256,443)
Changes in Accounts Payable20,10718,373(19,962)(31,209)
Changes in Accrued Expenses1,34817,1526,766(33,495)
Changes in Other Operating Activities(64,238)(50,884)(30,284)(58,286)
Cash from Operating Activities332,506394,892381,634(34,030)
Capital Expenditure(41,418)(43,135)(53,966)(115,205)
Proceeds from Sale of Property, Plant & Equipment——20,000—
Purchases of Investments—(1,650)(500)(27,818)
Payments for Business Acquisitions(3,318)(60,226)——
Other Investing Activities(150)(175)(115)40
Cash from Investing Activities(44,886)(105,186)(34,581)(142,983)
Issuance of Short-Term Debt——48,000—
Repayments of Short-Term Debt——(48,000)—
Net Issuance / (Repayments) of Short-Term Debt——0—
Repayments of Long-Term Debt(231)(370)(338)(1,096)
Net Issuance / (Repayments) of Long-Term Debt(231)(370)(338)(1,096)
Issuance of Common Shares—1——
Repurchases of Common Shares(155,066)(24,075)(37,161)(62,287)
Net Issuance / (Repurchases) of Common Shares(155,066)(24,074)(37,161)(62,287)
Other Financing Activities(1,346)(994)(54)(3,432)
Cash from Financing Activities(156,643)(25,438)(37,553)(66,815)
Effect of Exchange Rate Changes on Cash and Cash Equivalents(947)1,2611,189(3,510)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash130,031265,530310,689(247,338)

Key metrics

$2.09B
Market Cap
13.03x
P/E
0.67x
P/S
7.86x
EV/EBITDA
10.4%
Return on Equity
8.3%
Return on Invested Capital
3.67x
Current Ratio
9.3%
Free Cash Flow Margin

Quarterly trend

QuarterRevenueYoY growthOperating marginOperating income
Q2 2026$906M+8.7%12.6%$114M
Q1 2026$617M+-6.0%2.7%$17M
Q4 2025$678M+1.3%-0.9%$-6M
Q3 2025$961M+-3.6%14.1%$135M
Q2 2025$834M—11.2%$93M
Q1 2025$656M—4.3%$28M
Q4 2024$669M—-4.8%$-32M
Q3 2024$996M—11.6%$116M

Margins

31.9%
Gross margin
8.0%
Operating margin
5.2%
Net margin
SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated

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