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Vital Farms, Inc.

VITL Consumer Defensive Farm Products

Vital Farms, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $759.4 million, up 25.3% from fiscal 2024.

Revenue
−8.43%
EPS
−140.7%
Free cash flow
−123.6%
Total debt
+1,845.5%

Quarter to September 2026, against a year earlier

9.22 0.30 −3.15%
Market cap
$408.8M
P/E
0.0×
Fwd P/E
−13.4×
Dividend yield
—
F-score
3/9
Altman Z
7.86
Beneish M
−1.32
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.61
Sold, $m 2.80
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 2 — 11 — — — — — —
Sell 2 1 1 2 — — — — — — — —
Insider Ownership 18.10%

Capital & Financial Ratios $m

Size
Market Cap 408.75
Revenue ttm 748.90
Net income ttm (22.72)
Free cash flow ttm (137.47)
Net debt Q 34.24
Valuation
P/E 0.00
Forward P/E (13.40) (negative: loss-making)
Price / sales 0.55
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.47
Financial health
Current ratio Q 1.56 (at or above 1.5: strong)
Debt / equity Q 0.42 (at or below 0.5: strong)
Interest coverage Q (2.62)
Growth
Revenue growth Q −8.43% (below 0%: shrinking)
Operating income growth Q −135.89% (below 0%: shrinking)
EPS, this year −157.71% (below 0%: weak)
EPS, next year A +88.09% (at or above 15%: strong)
Revenue, next year A +0.46%
EPS, past 5 yrs +39.77% (at or above 15%: strong)
EPS, next 5 yrs A −24.69% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.6×, against a ten-year median of 1.9×; over the ten years it ranged from 0.5× in 2026 to 6.3× in 2020.
P/S against its own 10 years 2.54%
10-year low 10-year high
P/B against its own 10 years 3.75%
10-year low 10-year high
EV/Sales against its own 10 years 4.89%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 117 160 113 84
Receivables 40 54 69 62
Inventory 33 24 66 50
Other — — 2 2
196 246 263 214
2023 2024 2025 Q'26
Payables 33 39 55 48
ST’ Debt — — — 1
Other — — — —
65 79 122 137

Compound Annual Growth %

10y 5y 3y
Sales — 28.80% 28.01%
Cash Flow — 23.98% 0.00%
Earnings — 49.76% 275.59%
Book Value — 19.82% 30.42%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate −0.13 Actual −0.15

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.38 0.35 Miss by 0.03
Q1 FY26 0.09 −0.03 Miss by 0.12
Q2 FY26 −0.46 −0.47 Miss by 0.01
Q3 FY26 −0.13 −0.15 Miss by 0.02
Q4 FY26 0.20 — Reports 25 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.03) (0.72) (0.15) — —
’25 0.37 0.36 0.36 0.35 1.44
’24 0.43 0.36 0.16 0.23 1.18
’23 0.16 0.15 0.10 0.17 0.59
’22 (0.04) 0.00 0.02 0.04 0.03
’21 0.08 0.09 (0.03) (0.09) 0.06
’20 0.05 0.16 0.04 (0.02) 0.27
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 187 166 182 — —
’25 162 185 199 214 759
’24 148 147 145 166 606
’23 119 106 110 136 472
’22 77 83 92 110 362
’21 59 60 65 77 261
’20 48 59 53 54 214
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (19) (27) (9) — —
’25 5 (1) 23 6 34
’24 24 16 10 15 65
’23 5 14 8 24 51
’22 (5) 2 0 (5) (8)
’21 8 8 (2) 4 18
’20 1 17 (3) (4) 12
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (39) (44) (23) — —
’25 2 (7) (10) (31) (46)
’24 23 11 6 (3) 36
’23 5 11 3 21 40
’22 (7) (1) (3) (8) (18)
’21 5 3 (9) 2 1
’20 (3) 16 (4) (7) 1
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 74 107 141 214 261 362 472 606 759 749 +33.8% 763 815 940 +7.4%
Gross margin, % — 24.85 32.63 30.47 34.78 31.77 30.23 34.40 37.92 37.62 24.37 +12.8 pt
EBT — (2) 6 4 12 0 3 32 68 91 (29) n/m
EBT margin, % — (2.85) 5.95 3.14 5.44 0.14 0.78 6.82 11.14 12.02 (3.93) +14.9 pt
Net income — 0 6 3 9 2 1 26 53 66 (23) n/m
Per share, $
Per share, $ Revenue — 1.89 4.13 5.43 7.47 6.52 8.91 11.45 14.15 17.03 17.44 +31.6%
Earnings — (0.05) 0.22 0.13 0.31 0.06 0.03 0.62 1.25 1.49 (0.54) n/m
Cash flow — (0.11) 0.44 (0.21) 0.40 0.44 (0.20) 1.24 1.51 0.76 (1.13) n/m
Capex — 0.00 (0.07) (0.18) (0.36) (0.42) (0.26) (0.25) (0.67) (1.80) (2.07) n/m
Free cash flow — (0.11) 0.37 (0.39) 0.04 0.02 (0.45) 0.98 0.84 (1.04) (3.20) +31.8%
Book value — 0.00 0.00 0.33 4.96 3.79 3.90 4.68 6.28 7.88 6.53 n/m
Shares, m — 39 26 26 29 40 41 41 43 45 44 +1.6%
Valuation, ×
Valuation, × P/E — 155.81 155.81 155.81 75.64 258.00 436.31 24.89 30.15 21.58 0.00 146.0
P/S — 5.03 5.03 5.03 3.39 2.77 1.70 1.35 2.66 1.88 0.55 3.2
P/B — 51.80 51.80 51.80 5.10 4.77 3.89 3.30 6.00 4.05 1.47 20.3
EV/Sales — 4.99 4.99 4.99 2.94 2.39 1.50 1.12 2.41 1.73 0.59 3.0
EV/FCF — 558.79 558.79 558.79 519.06 643.14 (29.50) 13.12 40.46 (28.33) (3.24) 314.9
Cash, $m
Cash, $m Operating cash flow — (4) 11 (5) 12 18 (8) 51 65 34 (49) n/m
Capex — (12) (2) (5) (10) (17) (10) (10) (29) (80) (89) +27.2%
Free cash flow — (4) 10 (10) 1 1 (18) 40 36 (46) (137) +33.9%
Balance, $m
Balance, $m Working capital — — 10 10 111 103 102 130 168 141 77 +45.3%
Net debt — — (6) 5 (98) (100) (72) (106) (152) (108) 34 +50.0%
Shareholders’ equity — — — 9 142 152 158 193 269 351 280 +85.4%
Returns, %
Returns, % ROA — 0.00 0.00 7.70 7.54 1.34 0.62 10.44 16.83 15.10 (4.32) +15.1 pt
ROIC — — 0.00 15.84 17.12 0.06 1.52 24.07 33.94 22.73 (5.71) +22.7 pt
ROE — 0.00 84.79 34.68 11.67 1.65 0.81 14.57 23.11 21.36 (7.43) +21.4 pt
People
People Employees — — — 169 180 215 368 447 598 739 — +27.9%
Revenue/emp, $m — 0.00 0.00 0.83 1.19 1.21 0.98 1.06 1.01 1.03 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Vital Farms, Inc. vs peers in Farm Products (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DOLE Dole PLC $1.3B 22.2× 10.9× +2.92% (above 0%: growing) +170.00% (above 0%: growing) −218.11% (below 0%: shrinking) 7.81% 1.90% Compare
AGRO Adecoagro S.A. $1.3B 27.7× 2.6× +38.98% (above 0%: growing) n/m −5.56% (below 0%: shrinking) 32.92% 17.32% Compare
DMC Del Monte Corporation $1.3B 16.0× 17.5× +7.18% (above 0%: growing) n/m −194.80% (below 0%: shrinking) 9.37% 2.66% Compare
VITL Vital Farms, Inc. $408.8M — (loss-making) — (loss-making) −8.43% (below 0%: shrinking) n/m −123.64% (below 0%: shrinking) 23.13% (4.22%)
VFF Village Farms International, Inc. $341.2M 14.7× 13.4× +6.81% (above 0%: growing) −75.00% (below 0%: shrinking) −87.98% (below 0%: shrinking) 46.85% 17.45% Compare
AFRI Forafric Global PLC $333.0M — (loss-making) — — n/m −1,812.63% (below 0%: shrinking) 9.61% 0.00% Compare
LND Brasilagro Cia Brasileira De Propriedades Agricolas $319.8M — (loss-making) 8.9× −54.25% (below 0%: shrinking) n/m +79.33% (above 0%: growing) 19.54% (7.79%) Compare
ALCO Alico, Inc. $276.1M 169× — (loss-making) +7.75% (above 0%: growing) n/m −78.92% (below 0%: shrinking) 44.76% 20.86% Compare
LMNR Limoneira Co $188.8M — (loss-making) — (loss-making) −7.73% (below 0%: shrinking) n/m +34.55% (above 0%: growing) 12.60% (6.76%) Compare
Median of peers $337.1M 22.2× 10.9× +6.81% — −83.45% 16.07% 2.28%

All 22 Farm Products stocks →

Pay and ownership Proxy statement filed 27 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.62m 1.92m 183.30
2024 6.00m 20.17m 215.74
2023 3.16m 2.56m 90.64
2022 2.16m 1.16m 89.43

Ownership

Directors and executive officers, together 3.90%
Matthew O’Hayer 16.30%
BlackRock, Inc. 12.60%
The Vanguard Group 6.50%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Vital Farms, Inc. (VITL) Latest News

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stockrow.com/VITL · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com