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Vital Farms, Inc. (VITL)

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Vital Farms, Inc. (VITL) reported revenue of $166 million for Q2 FY2026, the quarter ended 28 June 2026, down 10.1% on the same quarter a year earlier. Net income was -$31 million, and diluted earnings per share $-0.72. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$166 milliondown 10.1%
Net income-$31 million
Diluted EPS$-0.72
QuarterQ2 FY2026ended 28 June 2026

Vital Farms (VITL) in brief

Vital Farms (VITL) reported revenue of $759 million for fiscal 2025, the year ended 28 December 2025, up 25.3% on the year before.
Read moreNet income was $66 million and diluted earnings per share $1.44. Revenue was $606 million in fiscal 2024, $472 million in fiscal 2023, $362 million in fiscal 2022 and $261 million in fiscal 2021. Net income in the same years was $53 million, $26 million, $1 million and $2 million. Over the twelve months to 28 June 2026, Vital Farms reported revenue of $766 million and net income of $0 million. Revenue grew 28.8% a year, compounded, over the five years to fiscal 2025. Vital Farms had 43 million shares outstanding at the latest filed count. At 28 June 2026 it carried $30 million of debt and $21 million of cash. At the close of 30 October 2026 the market cap of Vital Farms was $372 million.

Ratios

From the filings

ROE0.1%
ROCE0.1%
Operating margin0.0%
Net margin0.0%
FCF margin-16.5%
Interest cover0.32
Debt to equity0.11
Cash conversion-107.12
Share count, last 12 months-3.9%
Sales CAGR, 3 years28.0%
Profit CAGR, 3 years275.6%
EPS, TTM-$0.04

At the close of 30 October 2026

Price$8.67
Market cap$372 million
Stock P/En/a
Price to book1.31
EV / EBITDA38.73
Dividend yieldn/a
Market cap / sales0.49
52-week high$37.37
52-week low$8.16
Price, 1 year-74.0%
Price CAGR, 3 years-7.8%
Price CAGR, 5 years-12.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Vital Farms, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
VITLgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on VITL

Dividendsno dividend in its filings for fiscal 2018 onward
Filings16 in twelve months: 8 current reports (8-K), about 4 results of operations; 2 other events; 2 regulation FD disclosure; 1 charter or bylaw amendment, or fiscal year change; 1 material agreement
Planned insider sales9 Form 144 notices in twelve months, $5.9 million; latest 16 March 2026
Options tapeput/call 0.55 by open interest at the 30 October 2026 close; the straddle prices a 19.0% move to 20 November 2026
13F holders226 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading12 sales and 13 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest8.9 million shares short, 5.38 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue64.677.477.182.992.0110119106110136148147145166162185199214187166
Cost of revenue44.857.655.457.962.576.876.568.673.890.689.089.791.510699.7113124137134155
Gross profit19.819.821.724.929.533.342.737.836.745.258.957.753.559.962.571.875.076.453.010.9
Gross margin31%26%28%30%32%30%36%36%33%33%40%39%37%36%39%39%38%36%28%7%
SG&A15.315.817.617.020.622.023.923.925.128.827.133.336.137.431.939.044.444.144.440.4
Operating income-1.8-4.2-4.10.72.03.410.98.05.29.124.217.19.213.021.823.821.421.4-2.3-40.1
Operating margin-3%-5%-5%1%2%3%9%8%5%7%16%12%6%8%13%13%11%10%-1%-24%
Interest expense0.00.00.00.00.00.10.10.10.20.30.30.30.30.20.20.20.20.20.20.4
Pre-tax income-1.8-4.2-3.90.92.23.79.77.95.19.624.718.110.414.322.324.522.022.4-1.9-40.8
Tax raten/an/an/a78%67%50%26%16%11%25%23%10%28%26%24%32%25%27%n/an/a
Net income-1.3-3.6-1.50.20.71.97.26.74.57.219.016.37.410.616.916.616.416.3-1.5-31.1
Net margin-2%-5%-2%0%1%2%6%6%4%5%13%11%5%6%10%9%8%8%-1%-19%
Diluted EPS-$0.03-$0.08-$0.04$0.00$0.02$0.05$0.16$0.15$0.10$0.17$0.43$0.36$0.16$0.23$0.37$0.36$0.36$0.35-$0.03-$0.72
Operating cash flow-2.74.1-4.91.9-0.4-4.75.413.58.323.723.916.110.014.85.3-0.823.45.8-18.6-27.4
Capital expenditure6.42.51.72.72.53.61.82.54.82.41.35.63.618.23.16.934.037.920.816.7
Free cash flow-9.11.5-6.6-0.8-2.8-8.33.611.03.421.322.610.56.4-3.42.1-7.6-10.6-32.1-39.3-44.1
Buybacksn/an/an/an/an/an/an/an/an/an/an/an/an/an/a0.00.0n/an/a20.015.2
Shares outstanding40m40m41m41m41m41m41m41m42m42m42m43m44m44m44m45m45m45m44m43m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 8 fiscal years and the trailing twelve months

FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue107141214261362472606759766
Cost of revenue71.997.9140178253310376474550
Gross profit34.842.974.582.9109162230286215
Gross margin32.6%30.5%34.8%31.8%30.2%34.4%37.9%37.6%28.1%
Selling, general and administrative19.429.547.457.977.2102134159173
Operating income6.83.412.20.12.133.363.688.40.3
Operating margin6.3%2.4%5.7%0.0%0.6%7.0%10.5%11.6%0.0%
Interest expense0.40.30.50.10.10.81.00.91.0
Pre-tax income6.44.411.70.42.832.267.591.31.7
Income tax0.71.12.8-2.01.66.614.225.01.6
Effective tax rate11.4%25.0%23.8%-572.9%56.6%20.6%21.0%27.4%91.0%
Net income5.82.48.82.41.325.653.466.30.2
Net margin5.4%1.7%4.1%0.9%0.3%5.4%8.8%8.7%0.0%
Diluted EPS$0.16$0.07$0.27$0.06$0.03$0.59$1.18$1.44-$0.04
Filing10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Eggs and Egg Related Products44958173396.5%
Butter and Butter Related Products22.825.426.33.5%
Eggs and Egg Related ProductsButter and Butter Related Products
472FY2023606FY2024759FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow11.4-5.411.517.7-8.150.964.833.7-16.7
Capital expenditure1.94.810.316.710.511.528.682.0109
Free cash flow9.5-10.21.21.0-18.639.436.2-48.2-126
Free cash flow margin8.9%-7.2%0.6%0.4%-5.1%8.3%6.0%-6.4%-16.5%
Cash from investing-1.9-5.6-77.7-18.4-10.022.4-7.0-134-60.7
Cash from financing-1.50.494.42.20.1-2.18.7-1.2-9.5
Depreciation and amortisation1.41.92.53.55.47.99.39.39.5
Share-based compensation0.61.02.54.46.07.410.312.47.9
Buybacksn/a14.3n/an/an/an/an/an/an/a
Diluted shares, weighted35m36m33m43m43m43m45m46m43m
Shares outstanding at period endn/a26m39m40m41m42m44m45m43m
Filing10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity4.38.6142151158193269351284
Non-controlling interestn/a0.10.20.10.0n/an/an/an/a
Redeemable equityn/a23.0n/an/an/an/an/an/an/a
Debtn/a5.10.8n/a0.00.00.00.030.0
Operating lease liabilitiesn/an/an/a0.00.95.82.938.038.2
Finance lease liabilitiesn/an/an/a0.07.010.58.05.12.1
Other liabilitiesn/a25.228.438.448.466.279.1124148
Total liabilities and equityn/a61.9171190215275359519502
Owned
Fixed assetsn/a22.530.144.659.266.884.5161192
Goodwilln/a3.93.93.93.93.93.93.93.9
Securities held for sale or to maturityn/an/a68.468.665.832.79.764.50.0
Cash and equivalents11.81.329.531.012.984.115148.821.2
Receivablesn/a16.120.926.938.939.754.367.850.7
Inventoryn/a12.912.910.926.832.923.766.573.9
Other assetsn/a5.35.74.07.215.132.7107160
Total assetsn/a61.9171190215275359519502
Filing10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a28.8%28.0%16.4%
Profit growth, compoundedn/a49.8%275.6%-99.7%
Return on equity, averagen/a10.9%17.3%18.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Vital Farms' revenue in fiscal 2025?

Vital Farms (VITL) reported revenue of $759 million for fiscal 2025, the year ended 28 December 2025, up 25.3% on the year before.

How much did Vital Farms earn in fiscal 2025?

Net income was $66 million for fiscal 2025, and diluted earnings per share $1.44.

What is Vital Farms' market cap?

The market cap of Vital Farms was $372 million at the close of 30 October 2026.

How much debt does Vital Farms have?

At 28 June 2026 Vital Farms carried $30 million of debt and $21 million of cash.

Peers: Food Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Mondelez International, Inc. MDLZ$82.2 billion20.4915.3%13.7%6.0%0.823.1%
Conagra Brands Inc. CAG$7.0 billionn/a-29.8%-15.2%-1.8%1.218.4%
Campbell's Co. CPB$6.4 billion16.3610.5%8.7%-5.0%1.857.3%
Beyond Meat, Inc. BYND$3.6 billionn/a509.4%-121.5%-14.1%5.77n/a
Flowers Foods Inc. FLO$1.3 billion24.154.2%2.7%2.5%1.4615.6%
Bellring Brands, Inc. BRBR$1.1 billion6.45n/a13.3%5.9%n/an/a
Simply Good Foods Co. SMPL$995 millionn/a-10.7%-13.2%-6.5%0.24n/a
Once Upon a Farm, PBC OFRM$631 millionn/an/an/an/a0.00n/a
Mama's Creations, Inc. MAMA$597 million74.534.4%4.5%53.9%0.03n/a
Vital Farms, Inc. VITL$372 millionn/a0.1%0.0%16.4%0.11n/a
Lifeway Foods, Inc. LWAY$346 million32.7112.9%6.5%25.6%0.26n/a
B&G Foods, Inc. BGS$189 millionn/a-17.9%3.6%-4.9%6.3828.7%
All 35 in Food Products
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Mondelez International, Inc. MDLZ$82.2 billion20.4915.3%13.7%6.0%0.823.1%
Archer-Daniels-Midland Co. ADM$37.1 billion21.087.5%n/a-0.8%0.342.7%
Hershey Co. HSY$33.6 billion18.7336.8%20.8%6.7%1.05n/a
Kraft Heinz Co. KHC$28.8 billionn/a-9.4%-12.8%-1.6%0.536.6%
Tyson Foods, Inc. TSN$20.1 billion35.203.2%2.3%2.9%0.44n/a
Bunge Global SA BG$18.6 billion16.247.1%n/a55.5%1.032.9%
General Mills Inc. GIS$18.3 billionn/a-12.0%-1.1%-4.5%1.837.1%
J.M. Smucker Co. SJM$13.9 billion60.674.0%9.0%5.1%1.173.4%
McCormick & Co. Inc. MKC$12.7 billion8.5521.3%13.4%13.2%0.724.0%
Hormel Foods Corp. HRL$11.7 billion33.784.4%4.7%0.7%0.365.5%
Darling Ingredients Inc. DAR$8.8 billion15.0211.4%14.5%14.9%0.75n/a
Lamb Weston Holdings, Inc. LW$7.5 billion29.5714.1%7.8%2.6%2.172.8%
Smithfield Foods Inc. SFD$7.2 billion8.0512.8%7.6%-0.6%0.296.5%
Conagra Brands Inc. CAG$7.0 billionn/a-29.8%-15.2%-1.8%1.218.4%
Pilgrims Pride Corp. PPC$6.8 billion21.298.3%3.4%-0.1%0.88n/a
Campbell's Co. CPB$6.4 billion16.3610.5%8.7%-5.0%1.857.3%
Ingredion Inc. INGR$6.1 billion10.5813.1%11.9%-1.4%0.393.4%
Post Holdings, Inc. POST$3.7 billion15.319.5%9.6%6.2%2.48n/a
Beyond Meat, Inc. BYND$3.6 billionn/a509.4%-121.5%-14.1%5.77n/a
Freshpet, Inc. FRPT$3.3 billion17.7616.4%8.1%12.8%0.32n/a
Marzetti Co. MZTI$3.0 billion15.7518.2%12.4%1.1%0.193.6%
Tootsie Roll Industries Inc. TR$2.8 billion28.2710.0%11.9%1.6%0.011.0%
Utz Brands, Inc. UTZ$2.1 billionn/a-4.2%0.7%1.9%1.23n/a
J&J Snack Foods Corp. JJSF$1.6 billionn/an/an/an/a0.033.7%
Flowers Foods Inc. FLO$1.3 billion24.154.2%2.7%2.5%1.4615.6%
Seneca Foods Corp. SENEA$1.1 billion9.2415.4%8.6%12.5%0.29n/a
Bellring Brands, Inc. BRBR$1.1 billion6.45n/a13.3%5.9%n/an/a
Simply Good Foods Co. SMPL$995 millionn/a-10.7%-13.2%-6.5%0.24n/a
John B. Sanfilippo & Son, Inc. JBSS$636 million11.2515.2%7.0%3.1%0.287.4%
Once Upon a Farm, PBC OFRM$631 millionn/an/an/an/a0.00n/a
Mama's Creations, Inc. MAMA$597 million74.534.4%4.5%53.9%0.03n/a
Vital Farms, Inc. VITL$372 millionn/a0.1%0.0%16.4%0.11n/a
Lifeway Foods, Inc. LWAY$346 million32.7112.9%6.5%25.6%0.26n/a
B&G Foods, Inc. BGS$189 millionn/a-17.9%3.6%-4.9%6.3828.7%
Medifast Inc. MED$137 millionn/a-22.7%-11.6%-30.3%0.000.0%
9 companies share its SEC industry code (Food And Kindred Products); the rest are the names nearest in size in its wider industry, Food Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q28 June 20266 August 2026EDGAR
10-Q29 March 20267 May 2026EDGAR
10-K28 December 202526 February 2026EDGAR
10-Q28 September 20254 November 2025EDGAR
10-Q29 June 20257 August 2025EDGAR
10-Q30 March 20258 May 2025EDGAR
10-K29 December 202427 February 2025EDGAR
10-Q29 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR