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Traeger vs Trutankless: revenue, profit, margins and growth compared

Traeger brought in $559.5M of revenue in fiscal 2025, Trutankless $1.1M in fiscal 2025. Revenue changed by -7.4% at Traeger and +346.8% at Trutankless on the year before, so Trutankless grew faster. Traeger kept -20.6% of its revenue as net profit, Trutankless -438.7%. Free cash flow was $13.6M at Traeger and -$1.8M at Trutankless.

Side by side, latest fiscal year

COOKTKLS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$559.5M$1.1M
Revenue growth-7.4%+346.8%
Net income-$115.2M-$4.8M
Net margin-20.6%-438.7%
Free cash flow$13.6M-$1.8M
Free cash flow margin2.4%-164.5%
Earnings per share (diluted)-$0.87-$0.04
Cash$19.6M$21.6K
Debt$403.3Mn/a
Price to earningsn/an/a
Market value$126.8M$12.2M
Dividend yieldn/an/a
Rank by revenue in sector#582 of 1065 · Consumer discretionary#1017 of 1065 · Consumer discretionary

Over the years

Revenue
COOK FY2019: $363.3MCOOK FY2021: $545.8MCOOK FY2021: $785.5MCOOK FY2022: $655.9MCOOK FY2023: $605.9MCOOK FY2024: $604.1MCOOK FY2025: $559.5MTKLS FY2018: $1.5MTKLS FY2019: $1.9MTKLS FY2020: $1.7MTKLS FY2021: $246KTKLS FY2022: $73KTKLS FY2023: $3.5KTKLS FY2024: $242.4KTKLS FY2025: $1.1MFY18FY19FY20FY21FY22FY23FY24FY25
COOK $559.5MTKLS $1.1M
Net income
COOK FY2019: -$29.6MCOOK FY2021: $31.1MCOOK FY2021: -$91.8MCOOK FY2022: -$382.1MCOOK FY2023: -$84.4MCOOK FY2024: -$34MCOOK FY2025: -$115.2MTKLS FY2018: -$3.5MTKLS FY2019: -$4.9MTKLS FY2020: -$10.6MTKLS FY2021: -$17.4MTKLS FY2022: -$4.8MTKLS FY2023: -$2.2MTKLS FY2024: -$10.2MTKLS FY2025: -$4.8MFY18FY19FY20FY21FY22FY23FY24FY25
COOK -$115.2MTKLS -$4.8M
Net margin
COOK FY2019: -8.1%COOK FY2021: 5.7%COOK FY2021: -11.7%COOK FY2022: -58.3%COOK FY2023: -13.9%COOK FY2024: -5.6%COOK FY2025: -20.6%TKLS FY2018: -229.9%TKLS FY2019: -256.4%TKLS FY2020: -636.1%TKLS FY2021: -7,064.0%TKLS FY2022: -6,552.7%TKLS FY2023: -60,593.8%TKLS FY2024: -4,203.1%TKLS FY2025: -438.7%FY18FY19FY20FY21FY22FY23FY24FY25
COOK -20.6%TKLS -438.7%
Revenue growth
COOK FY2021: +50.2%COOK FY2021: +43.9%COOK FY2022: -16.5%COOK FY2023: -7.6%COOK FY2024: -0.3%COOK FY2025: -7.4%TKLS FY2019: +24.1%TKLS FY2020: -13.0%TKLS FY2021: -85.2%TKLS FY2022: -70.3%TKLS FY2023: -95.1%TKLS FY2024: +6,728.7%TKLS FY2025: +346.8%FY19FY20FY21FY22FY23FY24FY25
COOK -7.4%TKLS +346.8%
Free cash flow
COOK FY2019: $11MCOOK FY2021: $32.5MCOOK FY2021: -$50.9MCOOK FY2022: -$13.3MCOOK FY2023: $44.1MCOOK FY2024: $11.9MCOOK FY2025: $13.6MTKLS FY2018: -$1.6MTKLS FY2019: -$2.2MTKLS FY2020: -$1.5MTKLS FY2021: -$2.5MTKLS FY2022: -$1.7MTKLS FY2023: -$2MTKLS FY2024: -$2.5MTKLS FY2025: -$1.8MFY18FY19FY20FY21FY22FY23FY24FY25
COOK $13.6MTKLS -$1.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Traeger and Trutankless

Which is bigger by revenue, Traeger or Trutankless?

Traeger is bigger by revenue: $559.5M in fiscal 2025, against $1.1M for Trutankless in fiscal 2025.

Which keeps more of its revenue as profit, Traeger or Trutankless?

Traeger had a net margin of -20.6% in fiscal 2025; Trutankless had -438.7% in fiscal 2025.

Which grew revenue faster, Traeger or Trutankless?

In their latest fiscal years revenue changed by -7.4% at Traeger and +346.8% at Trutankless.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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