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Vital Farms

VITL on Nasdaq. Vital Farms sells eggs and butter from farms to grocery shoppers. Market value $397m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Nothing stands out yet.

What to watch out for

See Everyday goods stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
-31.3%low

For every $100 of what the whole company costs, it produced $-31.25 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
1269.8×full

You pay 1269.8 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: 61 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.

$9.40 a share, 18% above its 1-year low

Over the past year the price has ranged from $7.95 to $45.15.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.0
-0.0
0.0
0.0
-0.0
-0.1
2021202220232024202512 monthsto Jun '26

Spare cash swings from quarter to quarter here: a shortfall of $126 million in the past 12 months, a shortfall of $48 million in the year to December 2025.

Revenue
$261m$362m$472m$606m$759m
Operating margin
0.0%0.6%7.0%10.5%11.6%
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.04bn0.04bn0.04bn0.04bn0.04bn

Health checks

  • Free cash flow positive3 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)3 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • DebtUnknown
  • Revenue growth, five yearsStrong, 28.8% a year
  • Buying back its own sharesNo, 5% more shares since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $166 million last quarter, down 10% on a year ago.
  • A loss of $31 million, after a profit of $17 million a year ago.
  • It keeps 0 cents of each $1 of sales as operating profit, down from 10 cents a year earlier.
  • Over the past 12 months it spent $126 million more cash than it brought in, compared with $2 million a year earlier.
  • 6% fewer shares than a year ago. Each share owns a bit more of the company.
  • Sales grew on a year ago in 3 of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$145m
December 2024$166m
March 2025$162m
June 2025$185m
September 2025$199m
December 2025$214m
March 2026$187m
June 2026$166m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$7m
December 2024$11m
March 2025$17m
June 2025$17m
September 2025$16m
December 2025$16m
March 2026-$2m
June 2026-$31m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
26 February 2026
Next quarterly (estimated, 10-Q)
5 November 2026

Who owns it

1 long-term investor we follow owns it, down from 2 last quarter. 226 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 12 insiders bought $612,567 of shares on the open market. 2 sold $4m, $4m of it under preset trading plans.

  • Van Hoven Reena Chauhan
    Chief People Officer
    Bought
    Date
    19 May 2026
    Shares
    2,242
    Price
    $8.92
    Value
    $19,999
  • Flanagan Glenda J
    Director
    Bought
    Date
    18 May 2026
    Shares
    6,100
    Price
    $8.33
    Value
    $50,813
  • Coon Stephanie
    Chief Strategy Officer
    Bought
    Date
    15 May 2026
    Shares
    5,895
    Price
    $8.42
    Value
    $49,636
  • Amoo-Gottfried Kofi Owusu
    Director
    Bought
    Date
    15 May 2026
    Shares
    2,375
    Price
    $8.45
    Value
    $20,069
  • Kennedy Kelly J.
    Director
    Bought
    Date
    14 May 2026
    Shares
    2,500
    Price
    $8.40
    Value
    $21,000
  • Cyr William B.
    Director
    Bought
    Date
    14 May 2026
    Shares
    6,000
    Price
    $8.52
    Value
    $51,120
  • Holland Joseph Michael
    Chief Supply Chain Officer
    Bought
    Date
    14 May 2026
    Shares
    12,484
    Price
    $8.00
    Value
    $99,872
  • McKeon Kathryn
    CMO and GM, Butter
    Bought
    Date
    14 May 2026
    Shares
    604
    Price
    $8.28
    Value
    $5,001
  • Pappas Peter Nicholas
    CSO and President, Eggs
    Bought
    Date
    14 May 2026
    Shares
    3,500
    Price
    $8.51
    Value
    $29,785
  • Ruiz Gisel
    Director
    Bought
    Date
    13 May 2026
    Shares
    6,151
    Price
    $8.13
    Value
    $50,008

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

  • It isn't cheap on profits: 1269.8× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.