# Vital Farms Inc. (VITL)

**Exchange:** NASDAQ  
**Sector:** Consumer Defensive  
**Market cap:** $485M  
**Price:** $10.54 (+0.57%)

> Vital Farms Inc. is a food company specializing in ethically sourced, pasture-raised products. It packages, markets, and distributes shell eggs, butter, ghee, hard-boiled eggs, and liquid whole eggs under the Vital Farms and RedHill Farms brands. The company partners with a network of over 425 family-owned farms across the United States, ensuring animals have outdoor access in line with its commitment to Conscious Capitalism, which emphasizes long-term benefits for farmers, suppliers, customers, communities, the environment, employees, and stockholders. Vital Farms products are sold through retail stores and foodservice channels, including third-party distributors, direct to retailers, and commercial and non-commercial operators nationwide. Operating in the consumer defensive sector within farm products, it focuses on pasture-raised eggs and butter as core offerings. Founded in 2007 and headquartered in Austin, Texas, Vital Farms Inc. stands as a certified B Corporation dedicated to ethical food production.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $759M | $286M | $88M | $66M | — |
| 2024 | $606M | $230M | $64M | $53M | — |
| 2023 | $472M | $162M | $33M | $26M | — |
| 2022 | $362M | $109M | $2M | $1M | — |
| 2021 | $261M | $83M | $52,000 | $2M | — |
| 2020 | $214M | $75M | $12M | $9M | — |
| 2019 | $141M | $43M | $3M | $2M | — |
| 2018 | $107M | $35M | $7M | $6M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $519M | $167M | $351M | $49M | — |
| 2024 | $359M | $90M | $269M | $151M | — |
| 2023 | $275M | $83M | $193M | $84M | — |
| 2022 | $215M | $56M | $158M | $13M | — |
| 2021 | $190M | $38M | $152M | $31M | — |
| 2020 | $171M | $29M | $142M | $30M | — |
| 2019 | $62M | $30M | $9M | $1M | $3M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $34M | $82M | -$48M |
| 2024 | $65M | $29M | $36M |
| 2023 | $51M | $12M | $39M |
| 2022 | -$8M | $10M | -$19M |
| 2021 | $18M | $17M | $971,000 |
| 2020 | $12M | $10M | $1M |
| 2019 | -$5M | $5M | -$10M |
| 2018 | $11M | $2M | $9M |

Source: [CompaniesByCap](https://companiesbycap.com/company/VITL)