VITL · Vital Farms, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $759.44M | $606.31M | $471.86M | $362.05M | $260.90M | $106.71M |
| Cost of Revenue | $473.76M | $376.38M | $309.53M | $252.61M | $178.00M | $71.89M |
| Gross Profit | $285.68M | $229.93M | $162.33M | $109.44M | $82.90M | $34.82M |
| R&D | - | - | - | - | - | - |
| SG&A | $159.43M | $133.94M | $101.73M | $77.24M | $57.87M | $19.44M |
| Total Operating Expenses | $197.31M | $166.37M | $129.07M | $107.34M | $82.85M | $28.05M |
| D&A | $9.25M | $9.26M | $7.92M | $5.44M | $3.54M | $1.92M |
| Operating Income | $88.37M | $63.55M | $33.25M | $2.10M | $52.0K | $6.77M |
| Interest Expense | $874.0K | $782.0K | $782.0K | $488.0K | $52.0K | $424.0K |
| Income Tax | $24.98M | $14.15M | $6.63M | $1.60M | ($2.03M) | $723.0K |
| Net Income | $66.28M | $53.39M | $25.57M | $1.25M | $2.43M | $5.80M |
| EPS - Basic | $1.49 | $1.25 | $0.62 | $0.03 | $0.06 | $0.22 |
| EPS - Diluted | $1.44 | $1.18 | $0.59 | $0.03 | $0.06 | $0.16 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $48.83M | $150.60M | $84.15M | $12.91M | $30.97M | $29.54M |
| Accounts Receivable | $67.85M | $54.34M | $39.70M | $40.23M | $26.94M | $20.93M |
| Inventory | $66.50M | $23.67M | $32.90M | $26.85M | $10.95M | $12.90M |
| Accounts Payable | $55.14M | $38.58M | $33.48M | $25.97M | $22.52M | $15.49M |
| Current Assets | $262.55M | $246.04M | $195.52M | $149.61M | $141.21M | $137.26M |
| Total Assets | $518.74M | $359.33M | $275.18M | $214.67M | $189.94M | $171.37M |
| Current Liabilities | $121.58M | $78.53M | $65.22M | $47.65M | $37.99M | $25.91M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $167.48M | $90.03M | $82.50M | $56.33M | $38.18M | $28.99M |
| Stockholders' Equity | $351.26M | $269.30M | $192.68M | $158.33M | $151.47M | $142.05M |
| Retained Earnings | $149.40M | $83.11M | $29.73M | $4.16M | $2.75M | $14.04M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.72M | $64.82M | $50.91M | ($8.10M) | $16.32M | $11.42M |
| Investing Cash Flow | ($134.25M) | ($7.03M) | $22.38M | ($10.04M) | ($17.08M) | ($1.91M) |
| Financing Cash Flow | ($1.23M) | $8.65M | ($2.05M) | $83.0K | $2.18M | ($1.51M) |
| CapEx | $81.95M | $28.65M | $11.54M | $10.47M | $16.71M | $1.94M |
| Free Cash Flow | ($48.23M) | $36.18M | $39.37M | ($18.57M) | ($386.0K) | $9.48M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 37.6% | 37.9% | 34.4% | 30.2% | 31.8% | 32.6% |
| Operating margin | 11.6% | 10.5% | 7.0% | 0.6% | 0.0% | 6.3% |
| EBITDA margin | 12.9% | 12.0% | 8.7% | 2.1% | 1.4% | 8.1% |
| Net margin | 8.7% | 8.8% | 5.4% | 0.3% | 0.9% | 5.4% |
| Free cash flow margin | -6.4% | 6.0% | 8.3% | -5.1% | -0.1% | 8.9% |
| FCF / Net income | -0.73 | 0.68 | 1.54 | -14.84 | -0.16 | 1.64 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 21.0% | 22.1% | 21.6% | 21.3% | 22.2% | 18.2% |
| Effective tax rate | 27.4% | 21.0% | 20.6% | 56.1% | -505.7% | 11.1% |
| Return on assets | 12.8% | 14.9% | 9.3% | 0.6% | 1.3% | 3.4% |
| Return on equity | 18.9% | 19.8% | 13.3% | 0.8% | 1.6% | 4.1% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.16 | 3.13 | 3.00 | 3.14 | 3.72 | 5.30 |
| Quick ratio | 1.61 | 2.83 | 2.49 | 2.58 | 3.43 | 4.80 |
| Cash ratio | 0.40 | 1.92 | 1.29 | 0.27 | 0.82 | 1.14 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 101.1x | 81.3x | 42.5x | 4.3x | 1.0x | 16.0x |
| Equity multiplier | 1.48 | 1.33 | 1.43 | 1.36 | 1.25 | 1.21 |
| Liabilities / Assets | 0.32 | 0.25 | 0.30 | 0.26 | 0.20 | 0.17 |
| Efficiency | ||||||
| Asset turnover | 1.46 | 1.69 | 1.71 | 1.69 | 1.37 | 0.62 |
| Inventory turnover | 7.12 | 15.90 | 9.41 | 9.41 | 16.26 | 5.57 |
| Days sales outstanding | 33d | 33d | 31d | 41d | 38d | 72d |
| Days inventory outstanding | 51d | 23d | 39d | 39d | 22d | 66d |
| Days payable outstanding | 42d | 37d | 39d | 38d | 46d | 79d |
| Cash conversion cycle | 41d | 18d | 30d | 42d | 14d | 58d |
| Valuation | ||||||
| P / E | 22.2x | 31.9x | 26.6x | 497.3x | 301.0x | 166.6x |
| P / B | 4.2x | 6.3x | 3.5x | 4.1x | 5.2x | 6.6x |
| P / S | 1.9x | 2.8x | 1.4x | 1.8x | 3.0x | 8.8x |
| EV / EBITDA | 14.6x | 21.3x | 14.5x | 84.2x | 209.2x | 104.8x |
| Growth | ||||||
| Revenue growth (YoY) | 25.3% | 28.5% | 30.3% | 38.8% | 144.5% | - |
| Revenue CAGR (3y) | 28.0% | 32.5% | 64.1% | - | - | - |
| Revenue CAGR (5y) | 48.1% | - | - | - | - | - |
| Gross profit growth (YoY) | 24.2% | 41.6% | 48.3% | 32.0% | 138.1% | - |
| Operating income growth (YoY) | 39.1% | 91.1% | 1480.5% | 3946.2% | -99.2% | - |
| Net income growth (YoY) | 24.2% | 108.8% | 1943.6% | -48.5% | -58.1% | - |
| EPS growth (YoY) | 22.0% | 100.0% | 1866.7% | -50.0% | -62.5% | - |
| EPS CAGR (3y) | 263.4% | 169.9% | 54.5% | - | - | - |
| EPS CAGR (5y) | 55.2% | - | - | - | - | - |
| FCF growth (YoY) | - | -8.1% | - | -4709.8% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 30.4% | 39.8% | 21.7% | 4.5% | 6.6% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-28.
Business segments
$759.44M totalEggs And Butter Segment$759.44M · 100.0%
Product / service
$759.44M totalEggs And Egg Related Products$733.18M · 96.5%
Butter And Butter Related Products$26.27M · 3.5%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
3.31
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Food and Kindred Products
Comparing Vital Farms against the 5 most active filers in the same SIC group.