VITLVital Farms, Inc.
Food And Kindred Products
- Revenue
- $759M
- 25% YoY
- Operating margin
- 11.6%
- 11% YoY
- EBITDA
- $98M
- 34% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.1×
- $9M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired51% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear42% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $261M | $362M | $472M | $606M | $759M | 25% |
| Operating income | $52K | $2M | $33M | $64M | $88M | 39% |
| Net income | $2M | $1M | $26M | $53M | $66M | 24% |
| Operating cash flow | $18M | −$8M | $51M | $65M | $34M | 48% |
| Capex | $17M | $10M | $12M | $29M | $82M | 186% |
| Stock-based comp | $4M | $6M | $7M | $10M | $12M | 21% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | $2M | 183 | 88 |
| FY2024 | $6M | $20M | 216 | 94 |
| FY2023 | $3M | $3M | 91 | 98 |
| FY2022 | $2M | $1M | 89 | 108 |