Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Central Garden & Pet Company
Physical assets are 36.1% of total assets, a mixed footprint. Capex is 0.49x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 9.4%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 5.34x. Compare it with other names in the same basket.
Physical asset ratio
36.1%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
5.34x
Revenue per dollar of the physical asset base.
Capex / D&A
0.49x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$9.13
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
4.60x
Price $42.04.
Fixed-charge coverage
5.50x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
11.1%
Latest free cash flow divided by current market cap ($2.63B).
ROIC
9.4%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.45x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 33.8% | 10.18x | 0.80x | $9.74 | 4.49x | $76.27M | 14.0% | 0.77x |
| 2019 | 35.1% | 9.71x | 0.62x | $9.79 | 4.24x | $173.40M | 9.9% | 0.62x |
| 2020 | 34.2% | 7.48x | 0.48x | $11.93 | 5.56x | $221.22M | 12.6% | 0.55x |
| 2021 | 37.8% | 6.69x | 0.69x | $13.03 | 4.80x | $170.51M | 9.4% | 0.52x |
| 2022 | 46.4% | 5.72x | 1.42x | $4.50 | 3.81x | -$149.24M | 7.9% | 0.45x |
| 2023 | 41.5% | 5.86x | 0.62x | $7.66 | 4.42x | $327.67M | 7.0% | 0.37x |
| 2024 | 37.8% | 5.48x | 0.48x | $7.97 | 4.29x | $351.76M | 6.4% | 0.32x |
| 2025 | 36.1% | 5.34x | 0.49x | $9.13 | 5.50x | $291.09M | 9.4% | 0.45x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $586.05M
Inventory: $722.11M
Total assets: $3.63B
Goodwill: $554.69M
Intangibles: $447.60M
Liabilities: $2.04B
Tangible book: $582.64M
Shares: 63,815,000
Revenue: $3.13B
Capex: $41.42M
D&A: $84.89M
EBITDA: $359.34M
Interest: $57.70M
Short-term debt: $62.00K
Free cash flow: $291.09M
Operating income: $265.05M
Invested capital: $2.14B
Tax rate: 24.4%