Vital Farms Inc. Common Stock (VITL)

FairStock Score: 94/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Vital Farms as a potential consumer-defensive brand with a niche in pasture-raised eggs and butter. The brand may have some shopper loyalty, but the numbers demand caution. In fiscal year 2025, the year ended 2025-12-28, revenue was $759.4M and net income was $66.3M, or diluted EPS of $1.44. In fiscal year 2024, ended 2024-12-29, revenue was $606.3M and net income was $53.4M; in fiscal year 2023, ended 2023-12-31, revenue was $471.9M and net income was $25.6M. So the longer-term trend had been upward. But the latest filings show a sharp reversal. In fiscal Q2 2026, the quarter ended 2026-06-28, revenue was $166.0M and net income was a loss of $31.1M, with diluted EPS of -$0.72. In fiscal Q1 2026, the quarter ended 2026-03-29, net income was already slightly negative at -$1.5M. The provided trailing free cash flow is -$126.1M, a -31.5% FCF yield on the $401.0M market cap. FairStock calculations at the 2026-10-13 close of $9.34 show a negative P/E of -186.80, P/B of 1.24, EV/EBITDA of 24.96, Piotroski score of 2/9, and Altman Z-score of 1.53. A cyclical farm-products label can swing with costs and demand, but negative earnings, cash burn, and weak financial scores are red flags. The stock is far below its 52-week high of $42.08, and the low P/B may attract a bargain hunter, but without restored profits and cash generation, I cannot call this a safe value.

In plain English: Vital Farms sells eggs, butter, and other farm products from family farms. It grew sales in recent years but has just posted a big quarterly loss and is spending more cash than it brings in, so the business looks weak right now. At the recent share price, it may look inexpensive compared with its accounting value, but weak profits and cash flow make that uncertain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-28) · fiscal Q1 2026 10-Q (period ended 2026-03-29) · fiscal Q3 2025 10-Q (period ended 2025-09-28) · fiscal Q2 2025 10-Q (period ended 2025-06-29) · FY2025 10-K (period ended 2025-12-28) · FY2024 10-K (period ended 2024-12-29) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer