InsiderClue
Stocks · Consumer staples · Food and Kindred Products

Vital Farms, Inc.

VITL Clue Score87
United States Fiscal year ends December CIK 0001579733
$9.33 -1.11% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $9.33 −46.50% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 31 Jul 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue106.7Operating income6.8Net income5.8EPS, diluted0.16Fiscal year 2019Revenue140.7 +31.9%Operating income3.4Net income2.4 −58.9%EPS, diluted0.07 −56.3%Fiscal year 2020Revenue214.3 +52.3%Operating income12.2Net income8.8 +269.0%EPS, diluted0.27 +285.7%Fiscal year 2021Revenue260.9 +21.8%Operating income0.1Net income2.4 −72.4%EPS, diluted0.06 −77.8%Fiscal year 2022Revenue362.1 +38.8%Operating income2.1Net income1.3 −48.5%EPS, diluted0.03 −50.0%Fiscal year 2023Revenue471.9 +30.3%Operating income33.3Net income25.6 +1,943.6%EPS, diluted0.59 +1,866.7%Fiscal year 2024Revenue606.3 +28.5%Operating income63.6Net income53.4 +108.8%EPS, diluted1.18 +100.0%Fiscal year 2025Revenue759.4 +25.3%Operating income88.4Net income66.3 +24.2%EPS, diluted1.44 +22.0%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 106.7 140.7 214.3 260.9 362.1 471.9 606.3 759.4
Growth +31.9% +52.3% +21.8% +38.8% +30.3% +28.5% +25.3%
Operating income 6.8 3.4 12.2 0.1 2.1 33.3 63.6 88.4
Net income 5.8 2.4 8.8 2.4 1.3 25.6 53.4 66.3
Growth −58.9% +269.0% −72.4% −48.5% +1,943.6% +108.8% +24.2%
EPS, diluted 0.16 0.07 0.27 0.06 0.03 0.59 1.18 1.44
Growth −56.3% +285.7% −77.8% −50.0% +1,866.7% +100.0% +22.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin32.6%Operating margin6.3%Net margin5.4%Free cash flow margin8.9%Fiscal year 2019Gross margin30.5%Operating margin2.4%Net margin1.7%Free cash flow margin−7.2%Fiscal year 2020Gross margin34.8%Operating margin5.7%Net margin4.1%Free cash flow margin0.6%Fiscal year 2021Gross margin31.8%Operating margin0.0%Net margin0.9%Free cash flow margin0.4%Fiscal year 2022Gross margin30.2%Operating margin0.6%Net margin0.3%Free cash flow margin−5.1%Fiscal year 2023Gross margin34.4%Operating margin7.0%Net margin5.4%Free cash flow margin8.3%Fiscal year 2024Gross margin37.9%Operating margin10.5%Net margin8.8%Free cash flow margin6.0%Fiscal year 2025Gross margin37.6%Operating margin11.6%Net margin8.7%Free cash flow margin−6.4%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 32.6% 30.5% 34.8% 31.8% 30.2% 34.4% 37.9% 37.6%
Operating margin 6.3% 2.4% 5.7% 0.0% 0.6% 7.0% 10.5% 11.6%
Net margin 5.4% 1.7% 4.1% 0.9% 0.3% 5.4% 8.8% 8.7%
Free cash flow margin 8.9% −7.2% 0.6% 0.4% −5.1% 8.3% 6.0% −6.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow11.4Capital expenditure−1.9Free cash flow9.5Fiscal year 2019Operating cash flow−5.4Capital expenditure−4.8Free cash flow−10.2 −207.0%Buybacks−14.3Fiscal year 2020Operating cash flow11.5Capital expenditure−10.3Free cash flow1.2Fiscal year 2021Operating cash flow17.7Capital expenditure−16.7Free cash flow1.0 −19.9%Fiscal year 2022Operating cash flow−8.1Capital expenditure−10.5Free cash flow−18.6 −2,012.0%Fiscal year 2023Operating cash flow50.9Capital expenditure−11.5Free cash flow39.4Fiscal year 2024Operating cash flow64.8Capital expenditure−28.6Free cash flow36.2 −8.1%Fiscal year 2025Operating cash flow33.7Capital expenditure−82.0Free cash flow−48.2 −233.3%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 11.4 −5.4 11.5 17.7 −8.1 50.9 64.8 33.7
Capital expenditure −1.9 −4.8 −10.3 −16.7 −10.5 −11.5 −28.6 −82.0
Free cash flow 9.5 −10.2 1.2 1.0 −18.6 39.4 36.2 −48.2
Growth −207.0% −19.9% −2,012.0% −8.1% −233.3%
Buybacks n/a −14.3 n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Shareholders’ equity4.3Fiscal year 2019Cash1.3Total debt5.1Net cash (debt)−3.8Shareholders’ equity8.6Debt to equity0.59Fiscal year 2020Cash29.5Shareholders’ equity142.2Fiscal year 2021Cash31.0Shareholders’ equity151.6Fiscal year 2022Cash12.9Shareholders’ equity158.3Fiscal year 2023Cash84.1Shareholders’ equity192.7Fiscal year 2024Cash150.6Shareholders’ equity269.3Fiscal year 2025Cash48.8Total debt0.0Net cash (debt)48.8Shareholders’ equity351.3Debt to equity0.00
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 1.3 29.5 31.0 12.9 84.1 150.6 48.8
Total debt n/a 5.1 n/a n/a n/a n/a n/a 0.0
Net cash (debt) n/a −3.8 n/a n/a n/a n/a n/a 48.8
Shareholders’ equity 4.3 8.6 142.2 151.6 158.3 192.7 269.3 351.3
Debt to equity n/a 0.59 n/a n/a n/a n/a n/a 0.00

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 30 Dec 2018 FY2019 29 Dec 2019 FY2020 27 Dec 2020 FY2021 26 Dec 2021 FY2022 25 Dec 2022 FY2023 31 Dec 2023 FY2024 29 Dec 2024 FY2025 28 Dec 2025
Revenue and profit
106.7 140.7 214.3 260.9 362.1 471.9 606.3 759.4
Growth +31.9% +52.3% +21.8% +38.8% +30.3% +28.5% +25.3%
71.9 97.9 139.8 178.0 252.6 309.5 376.4 473.8
34.8 42.9 74.5 82.9 109.4 162.3 229.9 285.7
Growth +23.1% +73.8% +11.2% +32.0% +48.3% +41.6% +24.2%
19.4 29.5 47.4 57.9 77.2 101.7 133.9 159.4
6.8 3.4 12.2 0.1 2.1 33.3 63.6 88.4
Growth −50.5% +265.0% −99.6% +3,946.2% +1,480.5% +91.1% +39.1%
6.4 4.4 11.7 0.4 2.8 32.2 67.5 91.3
0.7 1.1 2.8 −2.0 1.6 6.6 14.2 25.0
5.8 2.4 8.8 2.4 1.3 25.6 53.4 66.3
Growth −58.9% +269.0% −72.4% −48.5% +1,943.6% +108.8% +24.2%
Per share
0.22 0.09 0.31 0.06 0.03 0.62 1.25 1.49
0.16 0.07 0.27 0.06 0.03 0.59 1.18 1.44
Growth −56.3% +285.7% −77.8% −50.0% +1,866.7% +100.0% +22.0%
25.8 25.9 28.7 40.0 40.6 41.2 42.8 44.6
35.3 36.1 32.9 43.3 43.5 43.3 45.1 46.0
Growth +2.3% −8.8% +31.6% +0.3% −0.4% +4.2% +2.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 28.8% a year over five years, and earnings per share grew 39.8% a year.
  • The diluted share count rose 39.8% in five years, which is dilution.
  • Operating margin is up 5.9 points on five years ago, at 11.6%.
  • Profitable in every one of the 8 years on file.