Vital Farms, Inc. (VITL) Key Metrics
VITL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $360.6M
- Enterprise value
- $528.8M
- P/E (TTM)
- — 10-yr median 63.3
- Forward P/E
- 208.3
- PEG ratio
- —
- Price / sales
- 0.5 10-yr median 2.4
- Price / book
- 1.6 10-yr median 4.7
- EV / EBITDA
- 27.0 10-yr median 34.6
- Dividend yield
- —
- Beta
- 1.08
VITL key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVITL valuation Price multiples at each fiscal year-end price.
VITL returns How much profit the business earns on the capital it uses.
VITL per-share figures Results divided by the shares outstanding at year-end.
VITL financial health Debt, liquidity and how easily interest is covered.
VITL efficiency & capital use Working capital cycle and where the cash goes.
VITL valuation history
VITL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VITL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VITL cash returned to shareholders
VITL price vs earnings per share
VITL key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $1.47B | $1.70B | $679.6M | $648.6M | $782.4M | $833.1M | — | — | — |
| Enterprise value | $1.41B | $1.56B | $585.3M | $580.5M | $683.1M | $736.0M | — | — | — |
| P/E ratio | 22.2 | 31.9 | 26.6 | 518.4 | 322.1 | 94.7 | — | — | — |
| Price / sales | 1.9 | 2.8 | 1.4 | 1.8 | 3.0 | 3.9 | — | — | — |
| Price / book | 4.2 | 6.3 | 3.5 | 4.1 | 5.2 | 5.9 | — | — | — |
| Price / free cash flow | — | 47.6 | 17.3 | — | 805.8 | 594.2 | — | — | — |
| Price / operating cash flow | 43.6 | 26.4 | 13.3 | — | 44.2 | 71.2 | — | — | — |
| EV / sales | 1.9 | 2.6 | 1.2 | 1.6 | 2.6 | 3.4 | — | — | — |
| EV / EBITDA | 13.3 | 19.1 | 14.3 | 69.2 | 173.1 | 50.1 | — | — | — |
| EV / free cash flow | — | 43.6 | 14.9 | — | 703.5 | 524.9 | — | — | — |
| Earnings yield | 4.5% | 3.1% | 3.8% | 0.2% | 0.3% | 1.1% | — | — | — |
| Free cash flow yield | −3.3% | 2.1% | 5.8% | −2.9% | 0.1% | 0.2% | — | — | — |
| Shareholder yield (dividends + buybacks) | — | — | — | 0.0% | 0.0% | 0.0% | — | — | — |
| Share price at fiscal year-end | $31.94 | $37.69 | $15.69 | $14.92 | $18.06 | $25.31 | — | — | — |
| Per share | |||||||||
| Revenue per share | $16.50 | $13.44 | $10.89 | $8.33 | $6.02 | $6.51 | $3.79 | $2.87 | $2.05 |
| Earnings per share | $1.44 | $1.18 | $0.59 | $0.03 | $0.06 | $0.27 | $0.06 | $0.16 | −$0.05 |
| Operating cash flow per share | $0.73 | $1.43 | $1.18 | −$0.19 | $0.41 | $0.36 | −$0.14 | $0.31 | −$0.12 |
| Free cash flow per share | −$1.05 | $0.79 | $0.91 | −$0.43 | $0.02 | $0.04 | −$0.27 | $0.26 | −$0.45 |
| Cash per share | $2.46 | $3.55 | $2.70 | $1.81 | $2.30 | $2.97 | $0.03 | $0.32 | — |
| Book value per share | $7.63 | $5.97 | $4.45 | $3.64 | $3.50 | $4.32 | $0.23 | $0.14 | — |
| Tangible book value per share | $7.30 | $5.88 | $4.36 | $3.55 | $3.41 | $4.20 | $0.13 | $0.03 | — |
| Dividends per share | — | — | — | — | — | — | $0.06 | — | — |
| Capex per share | $1.78 | $0.63 | $0.27 | $0.24 | $0.39 | $0.31 | $0.13 | $0.05 | $0.32 |
| Debt per share | $1.16 | $0.41 | $0.52 | $0.25 | $0.01 | $0.02 | $0.17 | $0.15 | — |
| Shares outstanding | 46.0M | 45.1M | 43.3M | 43.5M | 43.3M | 32.9M | 37.1M | 37.1M | 36.1M |
| Change in shares outstanding | +2.0% | +4.2% | −0.4% | +0.3% | +31.6% | −11.3% | 0.0% | +2.9% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | 21.4% | 23.1% | 14.6% | 0.8% | 1.7% | 11.7% | 34.9% | 113.3% | — |
| Return on invested capital (ROIC) | 30.6% | 44.4% | 28.0% | 1.5% | 0.1% | 31.9% | 40.6% | — | — |
| Return on assets (ROA) | 15.1% | 16.8% | 10.4% | 0.6% | 1.3% | 7.5% | 4.3% | 11.6% | — |
| Return on tangible assets | 13.2% | 15.0% | 9.4% | 0.6% | 1.3% | 5.3% | 4.1% | 12.6% | — |
| Free cash flow margin | −6.4% | 5.9% | 8.3% | −5.2% | 0.4% | 0.7% | −7.2% | 8.9% | −21.9% |
| Income quality (OCF / net income) | 0.51 | 1.21 | 1.99 | −6.47 | 7.28 | 1.33 | −2.24 | 1.97 | — |
| Financial health | |||||||||
| Total debt | $53.5M | $18.7M | $22.6M | $10.7M | $327,000 | $798,000 | $6.3M | $5.5M | — |
| Cash & short-term investments | $113.4M | $160.3M | $116.8M | $78.7M | $99.6M | $97.9M | $1.3M | $11.8M | — |
| Net debt | −$59.9M | −$141.6M | −$94.3M | −$68.0M | −$99.3M | −$97.1M | $5.0M | −$6.3M | — |
| Debt / equity | 0.15 | 0.07 | 0.12 | 0.07 | 0.00 | 0.01 | 0.74 | 1.07 | — |
| Debt / assets | 0.10 | 0.05 | 0.08 | 0.05 | 0.00 | 0.00 | 0.10 | 0.11 | — |
| Net debt / EBITDA | −0.56 | −1.73 | −2.30 | −8.11 | −25.15 | −6.61 | 0.75 | −0.77 | — |
| Current ratio | 2.16 | 3.13 | 3.00 | 3.14 | 3.72 | 5.30 | 1.39 | 1.61 | — |
| Quick ratio | 1.61 | 2.83 | 2.49 | 2.58 | 3.43 | 4.80 | 0.87 | 1.38 | — |
| Interest coverage | 101.1 | 62.9 | 42.5 | 18.5 | 1.0 | 25.1 | 9.6 | 16.0 | -3.0 |
| Working capital | $141.0M | $167.5M | $130.3M | $102.0M | $103.3M | $111.3M | $9.7M | $10.3M | — |
| Invested capital | $291.4M | $127.7M | $98.4M | $90.3M | $52.2M | $44.9M | $13.6M | −$1.2M | — |
| Tangible asset value | $336.1M | $265.4M | $188.8M | $154.3M | $147.9M | $138.5M | $28.0M | $23.6M | — |
| Net current asset value | $95.1M | $156.0M | $113.0M | $93.3M | $103.1M | $108.3M | $4.6M | $4.7M | — |
| Graham number | $15.73 | $12.60 | $7.69 | $1.54 | $2.10 | $5.10 | $0.58 | $0.70 | — |
| Graham net-net per share | $0.65 | $2.72 | $1.86 | $1.50 | $2.01 | $2.80 | −$0.24 | −$0.02 | — |
| Capital allocation | |||||||||
| Dividends paid | — | — | — | — | — | — | $2.1M | — | — |
| Share buybacks (net) | — | — | — | $0 | $0 | $0 | $15.2M | $0 | $0 |
| Dividend payout ratio | — | — | — | — | — | — | 89.5% | — | — |
| Dividends + buybacks / free cash flow | — | — | — | — | 0.0% | 0.0% | — | 0.0% | — |
| Capex / revenue | 10.8% | 4.7% | 2.4% | 2.9% | 6.4% | 4.8% | 3.4% | 1.8% | 15.8% |
| Capex / operating cash flow | 243.1% | 44.5% | 22.7% | — | 94.5% | 88.0% | — | 17.0% | — |
| Capex / depreciation | 5.92 | 2.19 | 1.46 | 1.94 | 4.72 | 4.04 | 2.50 | 1.35 | 14.26 |
| Stock-based compensation / revenue | 1.6% | 1.7% | 1.6% | 1.7% | 1.7% | 1.2% | 0.7% | 0.6% | 0.7% |
| SG&A / revenue | 26.0% | 27.4% | 27.4% | 29.6% | 31.8% | 29.1% | 28.1% | 26.3% | 27.0% |
| Efficiency | |||||||||
| Days sales outstanding | 29.4 | 28.3 | 30.4 | 33.2 | 34.6 | 34.2 | 36.3 | 35.2 | — |
| Days of inventory on hand | 34.7 | 27.4 | 35.2 | 27.3 | 24.4 | 33.8 | 31.4 | 19.6 | — |
| Days payables outstanding | 36.1 | 34.9 | 35.1 | 35.0 | 39.0 | 37.9 | 42.6 | 47.5 | — |
| Cash conversion cycle (days) | 28.0 | 20.8 | 30.6 | 25.5 | 20.1 | 30.1 | 25.0 | 7.3 | — |
| Receivables turnover | 12.43 | 12.89 | 12.01 | 11.00 | 10.56 | 10.66 | 10.05 | 10.37 | — |
| Payables turnover | 10.11 | 10.45 | 10.41 | 10.42 | 9.37 | 9.64 | 8.56 | 7.68 | — |
| Inventory turnover | 10.51 | 13.31 | 10.36 | 13.37 | 14.93 | 10.81 | 11.64 | 18.60 | — |
| Asset turnover | 1.73 | 1.91 | 1.93 | 1.79 | 1.44 | 1.84 | 2.52 | 2.14 | — |
| Average receivables | $61.1M | $47.0M | $39.3M | $32.9M | $24.7M | $20.1M | $14.0M | $10.3M | — |
| Average payables | $46.9M | $36.0M | $29.7M | $24.2M | $19.0M | $14.5M | $11.4M | $9.4M | — |
| Average inventory | $45.1M | $28.3M | $29.9M | $18.9M | $11.9M | $12.9M | $8.4M | $3.9M | — |
| Intangibles / total assets | 2.9% | 1.1% | 1.4% | 1.9% | 2.0% | 2.3% | 6.2% | 7.7% | — |
Computed from VITL's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
VITL valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Vital Farms traded at 22.2 times earnings, against a 9-year median of 63.3. Vital Farms earned a return on equity of 21.4% and a return on invested capital of 30.6% in fiscal 2025. It ended the year with $53.5 million of debt and $113.4 million in cash and short-term investments, a net cash position of $59.9 million. The share count rose 27.6% from 36.1M to 46.0M over 8 years.
See the VITL income statement, the VITL chart for price history, or the VITL stock overview for the latest quote and news.
VITL key metrics FAQ
What is Vital Farms's P/E ratio?
Vital Farms traded at 22.2 times earnings at the end of fiscal 2025.
What is Vital Farms's EV/EBITDA?
Vital Farms's enterprise value was 13.3 times EBITDA at the end of fiscal 2025 (enterprise value $1.4 billion, EBITDA $106.0 million); the current EV/EBITDA is 27.0.
What is Vital Farms's return on equity?
Vital Farms's return on equity (ROE) was 21.4% in fiscal 2025: net income of $66.3 million on average shareholders' equity of $310.3 million.
What is Vital Farms's ROIC?
Vital Farms's return on invested capital was 30.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Vital Farms have?
Vital Farms had total debt of $53.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.15 and more cash than debt.
What is Vital Farms's free cash flow yield?
Vital Farms generated -$48.2 million of free cash flow in fiscal 2025, a free cash flow yield of −3.3% on its market value at year-end ($1.5 billion).
What is Vital Farms's current ratio?
Vital Farms's current ratio was 2.16 at the end of fiscal 2025: current assets were 2.16 times current liabilities.