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Medifast revenue
Medifast's revenue is $602.5 million.
What is Medifast's revenue?
- Medifast's revenue growth from 2010 to 2024 is 133.92%.
- Medifast has 713 employees, and the revenue per employee ratio is $844,969.
- Medifast's peak quarterly revenue was $453.3M in 2022(q2).
- Medifast peak revenue was $1.6B in 2022.
- Medifast annual revenue for 2023 was 1.1B, -32.94% growth from 2022.
- Medifast annual revenue for 2024 was 602.5M, -43.8% growth from 2023.
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Medifast historical revenue
Medifast's peak revenue was $1.6B in 2022. The peak quarterly revenue was $453.3M in 2022(q2).
Medifast's revenue increased from $257.6m in 2010 to $602.5M currently. That's a 133.92% change in annual revenue.
Medifast annual revenue
Medifast annual revenue over time
| Fiscal year / year | Medifast revenue |
|---|---|
| 2010 | $257.6M |
| 2011 | $298.2M |
| 2012 | $318.6M |
| 2013 | $324.1M |
| 2014 | $285.3M |
| 2015 | $272.8M |
| 2016 | $274.5M |
| 2017 | $301.6M |
| 2018 | $501.0M |
| 2019 | $713.7M |
| 2020 | $934.8M |
| 2021 | $1.5B |
| 2022 | $1.6B |
| 2023 | $1.1B |
| 2024 | $602.5M |
How accurately did Medifast's revenue projections match actual performance?
Medifast annual growth
Medifast saw the greatest revenue growth in 2018, when revenue increased by 66.14%.
Medifast had the lowest revenue growth in 2014, when revenue changed by -11.96%.
Medifast annual growth rate over time
| Year | Medifast growth |
|---|---|
| 2011 | 16%↑ |
| 2012 | 7%↑ |
| 2013 | 2%↑ |
| 2014 | -12%↓ |
| 2015 | -4%↓ |
| 2016 | 1%↑ |
| 2017 | 10%↑ |
| 2018 | 66%↑ |
| 2019 | 42%↑ |
| 2020 | 31%↑ |
| 2021 | 63%↑ |
| 2022 | 5%↑ |
| 2023 | -33%↓ |
| 2024 | -44%↓ |
Medifast quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Medifast quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2011 | - | $78.3M | $76.1M | $69.6M |
| 2012 | $88.9M | $93.6M | $91.0M | $45.1M |
| 2013 | $96.0M | $97.1M | $86.5M | $44.5M |
| 2014 | $79.2M | $74.7M | $69.0M | $62.3M |
| 2015 | $73.4M | $72.2M | $65.9M | $61.3M |
| 2016 | $72.3M | $71.1M | $68.6M | $62.5M |
| 2017 | $70.6M | $75.7M | $77.2M | $78.0M |
| 2018 | $98.6M | $117.3M | $139.2M | $145.8M |
| 2019 | $165.9M | $187.1M | $190.1M | $170.6M |
| 2020 | $178.5M | $220.0M | $271.5M | $264.9M |
| 2021 | $340.7M | $394.2M | $413.4M | $377.8M |
| 2022 | $417.6M | $453.3M | $390.4M | $337.2M |
| 2023 | $349.0M | $296.2M | $235.9M | $191.0M |
| 2024 | $174.7M | $168.6M | $140.2M | $119.0M |
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Is Medifast transparent about its revenue structure?
Medifast financial information
| CEO | Daniel R. Chard |
| Industry | Health Care Equipment & Services |
| Company Type | Public |
| Employees Number | 713 |
| Date Founded | 1980 |
| Headquarters | Owings Mills, Maryland |
| Number of Locations | 2 |
| Revenue | $602.5M |
| Net Income | $143,568,000 |
| Gross Proft | $444.6M (2024) |
| PE Ratio | 848.73 |
| Tax Rate | 0.4% |
| Market Capitalization | $1.8B |
| Total Assets | $316,213,000 |
| Ticker | MED |
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Medifast financing
Medifast received early financing of $0.0 on 2016-11-19.
| Series | Round size | Date |
|---|---|---|
| Post-IPO Equity - Medifast | 11/2016 |
Medifast investors
| Investors | Security type |
|---|---|
| Independent Financial Partners | Post-IPO Equity - Medifast |
Medifast competitors
Medifast's top competitor, UnitedHealth Group, earned an annual revenue of $400.3B.
Medifast's smallest competitor is Michigan Co with revenue of $1.8M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| TheStreet | $94,020 | $62.5M | 800 | - |
| Alliance Data | $51,375 | $5.7B | 8,000 | 25 |
| Cintas | $46,379 | $9.6B | 40,000 | 2,727 |
| McKesson | $51,976 | $309.0B | 80,000 | 537 |
| Express Scripts Holding | $40,382 | $100.1B | 26,600 | - |
| HEALTHWAYS, INC | $49,376 | $481.3M | 1,000 | 8 |
| Coventry Health Care | $47,768 | $14.1B | 14,400 | 1 |
| UnitedHealth Group | $51,208 | $400.3B | 300,000 | 5,688 |
| Rite Aid | $37,918 | $24.1B | 50,000 | 9 |
| Danaher | $65,463 | $23.9B | 80,000 | 1,667 |
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Zippia gives an in-depth look into the details of Medifast, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Medifast. The employee data is based on information from people who have self-reported their past or current employments at Medifast. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Medifast. The data presented on this page does not represent the view of Medifast and its employees or that of Zippia.
Medifast may also be known as or be related to Medifast, Medifast Inc, Medifast Inc., Medifast, Inc and Medifast, Inc.