Traeger
Builds a connected outdoor-cooking system around wood-pellet grills and MEATER thermometers.
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Profile
Sells wood-pellet grills, branded pellets, rubs, sauces, accessories, and MEATER wireless thermometers. Revenue is organized around grills, consumables, and accessories, while the company reports one operating segment.
Built around wood-pellet grills and connected outdoor cooking. The product line combines grills with fuel, flavor products, accessories, and connected features. WiFIRE gives compatible grills monitoring and control through the Traeger app and devices.
Sells wood-pellet grills, branded pellets, rubs, sauces, and accessories through retailers, distributors, and directly to consumers. Direct sales sit alongside retail and distributor channels. Branded pellets, rubs, and sauces support the grill-centered system.
MEATER contributes wireless thermometers and operates as a standalone company within the business. The company reports one operating segment while separating revenue into grills, consumables, and accessories.
Company facts
Categories
Key statistics
Year to date +5.0% · Average volume (30d) 54.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | RBC Capital | Reiterate | Sector Perform | $2.50 | $43 | |
| Aug 7, 2026 | B.Riley Financial | Target | $1.50 | $60 | ||
| Aug 6, 2026 | Telsey Advisory | Reiterate | Market Perform | $45 | $65 | |
| Aug 6, 2026 | Canaccord Genuity | Reiterate | Buy | $6 | $77 | |
| May 12, 2026 | Telsey Advisory | Target | $1.50 | $45 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$1.57 | $0.53 | +133.8% | $133.2M | $120.2M | −9.8% | −12.69% |
| May 11, 2026Q1 FY26 | −$3.36 | $1.49 | +144.3% | $95.1M | $94.1M | −1.0% | 0.00% |
| Mar 5, 2026Q4 FY25 | $0.38 | $0.50 | +33.3% | $135.1M | $145.4M | +7.6% | −20.23% |
| Nov 5, 2025Q3 FY25 | −$0.04 | −$0.17 | −288.6% | $135.1M | $125.4M | −7.1% | −14.67% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $143.3M | $145.5M | $125.4M | $145.4M | $94.1M | $120.2M | |
| Gross profit | $59.5M | $57.0M | $39.7M | $45.5M | $43.0M | $47.4M | |
| Operating income | $3.4M | −$6.1M | −$2.4M | $484.0K | −$1.0M | −$1.7M | |
| Net income | −$778.0K | −$7.4M | −$89.8M | −$17.2M | $2.9M | −$8.6M | |
| Diluted EPS | −$0.50 | −$2.77 | −$33.50 | −$6.50 | $1.08 | −$3.12 | |
| Gross margin | 41.5% | 39.2% | 31.7% | 31.3% | 45.7% | 39.5% | |
| Operating margin | 2.4% | -4.2% | -1.9% | 0.3% | -1.1% | -1.4% |
Fiscal years (4-quarter sums)FY21 $785.5M · FY22 $655.9M · FY23 $605.9M · FY24 $604.1M · FY25 $559.5M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $59.7M · Total debt $424.3M · Total assets $654.7M · Shareholders' equity $167.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 2.78M · Float 1.29M · 46.4% free float
A split settled inside the quarter being compared, so quarter-on-quarter change is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Ontario Teachers Pension Plan Board | 493.9K | 18.00% | 13G | May 11, 2026 |
| Nantahala Capital Management, LLC | 102.4K | 3.68% | 13F | May 15, 2026 |
| BlackRock, Inc. | 51.5K | 1.85% | 13F | May 13, 2026 |
| Vanguard Capital Management LLC | 49.2K | 1.77% | 13F | May 15, 2026 |
| Artisan Partners Limited Partnership | 40.0K | 1.44% | 13F | May 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- American Outdoor Brands
Direct pellet-grill, smoker, and connected-cooking overlap
- SharkNinja
Outdoor grilling, smoking, pellet use, and app-connected cooking
- Newell Brands
Portable propane grilling for camping, tailgating, and backyard use
- Costco
Kirkland Signature pellets overlap the wood-pellet consumables category
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Traeger | $55.86 | +0.41% | $155.4M | — | 147.1 | 0.3 | −17.4% |
| American Outdoor Brands | $10.38 | −0.53% | $129.8M | — | 18.1 | 0.7 | −24.0% |
| SharkNinja | $193.63 | +1.29% | $27.06B | 39.0 | 27.3 | 3.9 | +22.2% |
| Newell Brands | $6.20 | +0.32% | $2.62B | — | 9.6 | 0.4 | +3.1% |
| Costco | $945.47 | −0.03% | $419.30B | 47.6 | 43.0 | 1.4 | +11.6% |
| Median | 43.3 | 22.7 | 1.1 | +7.3% |






