Vital Farms, Inc. (VITL) intrinsic value & 10-year financials
Vital Farms, Inc. (VITL) has a Graham intrinsic value of $47.83 per share. At $8.40 on Oct 17, 2026, the stock trades 82% below that value. Over the last 9 fiscal years revenue grew 32.4% a year to $759.4M, with an average return on invested capital of 81.4%.
- Graham intrinsic value
- $47.83
- Share price (Oct 17, 2026)
- $8.40
- Price vs Graham value
- 82% below
- Market cap
- $386.6M
- Revenue (FY2025)
- $759.4M
- Revenue growth (9-yr CAGR)
- 32.4%
- ROIC (10-yr avg)
- 81.4%
- Free cash flow (FY2025)
- -$48.2M
VITL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $759.4M | $66.3M | $1.44 | -$48.2M | 11.6% | 27.0% |
| FY2024 | $606.3M | $53.4M | $1.18 | $36.2M | 10.5% | 39.5% |
| FY2023 | $471.9M | $25.6M | $0.59 | $39.4M | 7.0% | 19.0% |
| FY2022 | $362.1M | $1.3M | $0.03 | -$18.6M | 0.6% | 0.8% |
| FY2021 | $260.9M | $2.4M | $0.06 | -$386.0K | 0.0% | 0.0% |
| FY2020 | $214.3M | $8.8M | $0.27 | $1.4M | 5.7% | 14.8% |
| FY2019 | $140.7M | $2.4M | $0.07 | -$10.2M | 2.4% | 18.5% |
| FY2018 | $106.7M | $5.8M | $0.16 | $9.5M | 6.3% | 531.3% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Vital Farms, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Vital Farms, Inc. has earned high returns on invested capital, averaging 15.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Vital Farms, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Vital Farms, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $47.83 per share.