VFFNasdaqAgricultural Production-CropsFiscal year ends December 31
Village Farms International, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$2.54+0.01 (+0.40%)
Close on Oct 19, 2026
- Market cap
- $316.79M
- P/E (TTM)
- 14.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
40.6%+34.2 pts over 5 years
Operating margin
–
Net margin
15.0%+8.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.2% | -9.7% | +4.9% | – | |
| Gross profit | +91.4% | +47.2% | +51.6% | – | |
| Net income | – | – | +22.8% | – | |
| EPS, diluted | – | – | +7.3% | – | |
| Free cash flow | +508.1% | – | +77.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 7.0% | – | |
| Return on assets | – | 4.3% | 8.0% | |
| Current ratio | – | 1.41 | 2.64 | |
| Debt to equity | – | 0.31 | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | – | – | |
| Inventory turnover | – | 5.1× | 3.1× | |
| Capex to revenue | – | 2.0% | 8.4% | |
| Diluted shares | – | 61M | 119M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Village Farms International generated $138.93M from operations and spent $72.91M on capital expenditure, dividends and share buybacks. 89% of that went back into the business.
Generated
$138.93M
Used
$72.91M
Capital expenditure$64.94M89%Dividends$00%Share buybacks$7.97M11%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-18.3%
×Asset turnover0.46×
×Equity multiplier1.54×
=Return on equity, FY2024-13.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -18.3% | 0.46× | 1.54× | -13.0% |
| FY2023 | -21.3% | 0.35× | 1.54× | -11.5% |
| FY2022 | -34.5% | 0.57× | 1.45× | -28.4% |
| FY2021 | -3.4% | 0.58× | 1.50× | -3.0% |
| FY2020 | 6.8% | 0.63× | 1.62× | 7.0% |
| FY2019 | 1.6% | 0.89× | 1.54× | 2.2% |
| FY2018 | -5.0% | 1.06× | 1.88× | -9.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$32.44M
- Cash generatingOperating cash flow above zero$58.11M
- Return on assets improvedROA up on the prior year-7.7% → 8.3%
- Earnings backed by cashOperating cash flow above net income$58.11M vs $32.44M
- Less leverageLong-term debt to assets fell8.3% → 6.8%
- Better liquidityCurrent ratio rose1.86 → 2.64
- No dilutionShare count did not rise111M → 119M
- Gross margin improvedGross margin up on the prior year23.38% → 40.61%
- More efficientAsset turnover rose0.42 → 0.55