Vital Farms, Inc.

VITL

Consumer DefensiveSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Vital Farms, Inc., a food company, packages, markets, and distributes shell eggs, butter, and other products in the United States. The company produces products sourced from animals raised on family farms, including shell eggs, stick butter, hard-boiled eggs, and liquid whole eggs under the Vital Farms brand and other trade names. It offers its products through third parties and direct to retailers, and commercial and non-commercial foodservice operators. The company was founded in 2007 and is headquartered in Austin, Texas.

Valuation

Market Cap$421M

Current Price$10.81as of Jun 23, 2026

P/E Ratio6.35

P/B Ratio1.20

EV / EBITDA3.99

EV / Sales0.56

Profitability

Operating Margin11.6%

Net Profit Margin8.7%

EBITDA Margin14.0%

Returns

ROE18.9%

ROCE22.3%

ROIC %-

ROA12.8%

Solvency

Current Ratio2.16

Debt / Equity0.15

Debt / Assets0.10

CFO / Net Profit0.51

Price History▼ 70.06% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$759M▲ 25.3%

EBITDA$107M▲ 30.6%

Net Profit$66M▲ 24.2%

Cash from Ops (CFO)$34M▼ 48.0%

Free Cash Flow (FCF)$-48M▼ 233.3%

Revenue CAGR 3Y28.0%

Revenue CAGR 5Y-

Net Profit CAGR 3Y275.6%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$759M	$107M	$66M	$-48M	18.9%	25.3%	24.2%
2024	$606M	$82M	$53M	$36M	19.8%	28.5%	108.8%
2023	$472M	$41M	$26M	$39M	13.3%	30.3%	1943.6%
2022	$362M	$8M	$1M	$-19M	0.8%	-	-
2021	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	362.05	471.86	606.31	759.44
Operating Revenue	-	362.05	471.86	606.31	759.44
Cost Of Revenue	-	252.61	309.53	376.38	473.76
Gross Profit	-	109.44	162.33	229.93	285.68
Operating Expense	-	107.34	129.07	166.37	197.31
Selling General And Administration	-	107.34	129.07	166.37	197.31
Total Expenses	-	359.95	438.60	542.76	671.07
Operating Income	-	2.10	33.25	63.55	88.37
Total Operating Income As Reported	-	2.10	33.25	63.55	88.37
EBITDA	-	8.39	40.91	81.64	106.65
Normalized EBITDA	-	8.39	40.91	81.64	106.65
EBIT	-	2.94	32.98	68.55	92.14
Interest Income	-	0.99	2.54	5.25	5.01
Interest Expense	-	0.11	0.78	1.01	0.87
Net Interest Income	-	0.88	1.76	4.24	4.14
Other Non Operating Income Expenses	-	-0.15	-2.81	-0.25	-1.25
Other Income Expense	-	-0.15	-2.81	-0.25	-1.25
Interest Income Non Operating	-	0.99	2.54	5.25	5.01
Interest Expense Non Operating	-	0.11	0.78	1.01	0.87
Net Non Operating Interest Income Expense	-	0.88	1.76	4.24	4.14
Pretax Income	-	2.83	32.20	67.54	91.26
Tax Provision	-	1.60	6.64	14.15	24.98
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	0	0	0
Net Income Continuous Operations	-	1.23	25.57	53.39	66.28
Net Income From Continuing And Discontinued Operation	-	1.25	25.57	53.39	66.28
Net Income From Continuing Operation Net Minority Interest	-	1.25	25.57	53.39	66.28
Net Income	-	1.25	25.57	53.39	66.28
Net Income Common Stockholders	-	1.25	25.57	53.39	66.28
Net Income Including Noncontrolling Interests	-	1.23	25.57	53.39	66.28
Normalized Income	-	1.25	25.57	53.39	66.28
Diluted NI Availto Com Stockholders	-	1.25	25.57	53.39	66.28
Basic Average Shares	40.03	40.65	41.19	42.85	-
Diluted Average Shares	43.32	43.47	43.31	45.13	-
Reconciled Depreciation	-	5.44	7.92	13.09	14.51
Reconciled Cost Of Revenue	-	252.61	309.53	376.38	473.76
Minority Interests	0.05	0.02	0	0	-
General And Administrative Expense	-	77.24	101.73	133.94	159.43
Other Gand A	-	77.24	101.73	133.94	159.43
Selling And Marketing Expense	-	30.10	27.34	32.44	37.88

Peer Comparison

Consumer Defensive sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Vital Farms, Inc.this co.	VITL	$421M	6.35	1.20	18.9%	3.99
KinderCare Learning Companies, Inc.	KLC	$480M	-4.25	0.64	-14.9%	25.06
Calavo Growers, Inc.	CVGW	$466M	23.56	2.25	9.6%	12.93
Magnera Corporation	MAGN	$408M	-5.16	1.59	-30.8%	21.50
Beyond Meat, Inc.	BYND	$405M	2.28

Learn while you research

Hand-picked academy chapters to deepen your understanding of Vital Farms, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Value Investing

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$759M

$107M

$66M

$-48M

18.9%

25.3%

24.2%

2024

$606M

$82M

$53M

$36M

19.8%

28.5%

108.8%

2023

$472M

$41M

$26M

$39M

13.3%

30.3%

1943.6%

2022

$362M

$8M

$1M

$-19M

0.8%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

362.05

471.86

606.31

759.44

Operating Revenue

362.05

471.86

606.31

759.44

Cost Of Revenue

252.61

309.53

376.38

473.76

Gross Profit

109.44

162.33

229.93

285.68

Operating Expense

107.34

129.07

166.37

197.31

Selling General And Administration

107.34

129.07

166.37

197.31

Total Expenses

359.95

438.60

542.76

671.07

Operating Income

2.10

33.25

63.55

88.37

Total Operating Income As Reported

2.10

33.25

63.55

88.37

EBITDA

8.39

40.91

81.64

106.65

Normalized EBITDA

8.39

40.91

81.64

106.65

EBIT

2.94

32.98

68.55

92.14

Interest Income

0.99

2.54

5.25

5.01

Interest Expense

0.11

0.78

1.01

0.87

Net Interest Income

0.88

1.76

4.24

4.14

Other Non Operating Income Expenses

-0.15

-2.81

-0.25

-1.25

Other Income Expense

-0.15

-2.81

-0.25

-1.25

Interest Income Non Operating

0.99

2.54

5.25

5.01

Interest Expense Non Operating

0.11

0.78

1.01

0.87

Net Non Operating Interest Income Expense

0.88

1.76

4.24

4.14

Pretax Income

2.83

32.20

67.54

91.26

Tax Provision

1.60

6.64

14.15

24.98

Tax Rate For Calcs

Tax Effect Of Unusual Items

Net Income Continuous Operations

1.23

25.57

53.39

66.28

Net Income From Continuing And Discontinued Operation

1.25

25.57

53.39

66.28

Net Income From Continuing Operation Net Minority Interest

1.25

25.57

53.39

66.28

Net Income

1.25

25.57

53.39

66.28

Net Income Common Stockholders

1.25

25.57

53.39

66.28

Net Income Including Noncontrolling Interests

1.23

25.57

53.39

66.28

Normalized Income

1.25

25.57

53.39

66.28

Diluted NI Availto Com Stockholders

1.25

25.57

53.39

66.28

Basic Average Shares

40.03

40.65

41.19

42.85

Diluted Average Shares

43.32

43.47

43.31

45.13

Reconciled Depreciation

5.44

7.92

13.09

14.51

Reconciled Cost Of Revenue

252.61

309.53

376.38

473.76

Minority Interests

0.05

0.02

General And Administrative Expense

77.24

101.73

133.94

159.43

Other Gand A

77.24

101.73

133.94

159.43

Selling And Marketing Expense

30.10

27.34

32.44

37.88

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Vital Farms, Inc.this co.

VITL

$421M

6.35

1.20

18.9%

3.99

KinderCare Learning Companies, Inc.

KLC

$480M

-4.25

0.64

-14.9%

25.06

Calavo Growers, Inc.

CVGW

$466M

23.56

2.25

9.6%

12.93

Magnera Corporation

MAGN

$408M

-5.16

1.59

-30.8%

21.50

Beyond Meat, Inc.

BYND

$405M

2.28

Vital Farms, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Vital Farms, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on