VITLNasdaqFood and Kindred ProductsFiscal year ends December 27
Vital Farms, Inc.
Financials through Q2 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 6, 2026
$8.16−0.24 (-2.86%)
Close on Oct 19, 2026
- Market cap
- $350.36M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
37.6%+2.8 pts over 5 years
Operating margin
11.6%+5.9 pts over 5 years
Net margin
8.7%+4.6 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 | +25.3% | +28.0% | +28.8% | – | |
| Gross profit | +24.2% | +37.7% | +30.8% | – | |
| Operating income | +39.1% | +247.6% | +48.5% | – | |
| Net income | +24.2% | +275.6% | +49.8% | – | |
| EPS, diluted | +22.0% | +263.4% | +39.8% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 11.7% | 21.4% | |
| Return on assets | – | 7.5% | 15.1% | |
| Current ratio | – | 5.30 | 2.16 | |
| Interest coverage | 16.0× | 25.1× | 101.1× | |
| Inventory turnover | – | 10.8× | 10.5× | |
| Capex to revenue | 1.8% | 4.8% | 10.8% | |
| Diluted shares | 35M | 33M | 46M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Vital Farms generated $175.23M from operations and spent $149.31M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$175.23M
Used
$149.31M
Capital expenditure$149.31M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.7%
×Asset turnover1.73×
×Equity multiplier1.41×
=Return on equity, FY202521.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 8.7% | 1.73× | 1.41× | 21.4% |
| FY2024 | 8.8% | 1.91× | 1.37× | 23.1% |
| FY2023 | 5.4% | 1.93× | 1.40× | 14.6% |
| FY2022 | 0.3% | 1.79× | 1.31× | 0.8% |
| FY2021 | 0.9% | 1.44× | 1.23× | 1.7% |
| FY2020 | 4.1% | 1.84× | 1.55× | 11.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$66.28M
- Cash generatingOperating cash flow above zero$33.72M
- Return on assets improvedROA up on the prior year19.4% → 18.4%
- Earnings backed by cashOperating cash flow above net income$33.72M vs $66.28M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.13 → 2.16
- No dilutionShare count did not rise45M → 46M
- Gross margin improvedGross margin up on the prior year37.92% → 37.62%
- More efficientAsset turnover rose2.20 → 2.11