VITLNasdaqFood and Kindred ProductsUS GAAP · USD

Vital Farms, Inc.

Vital Farms is a U.S. food company built around pasture-raised eggs and butter sourced from a network of family farms. The company sells through retail and foodservice channels across the United States, using a distributed supply chain and branded consumer products to reach households and operators.

Liikevaihto759milj. USD
+25,3 %v/v
Liikevoitto (EBIT)88,4milj. USD
+39,1 %v/v
EBIT-marginaali11,6%
+1,2 %-yks.v/v
Nettotulos66,3milj. USD
+24,2 %v/v
Vapaa kassavirta−48,2milj. USD
−233,3 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0200400600800milj. USD2020: 214 milj. USD2020: EBIT 12 milj. USD20202021: 261 milj. USD2021: EBIT 0,05 milj. USD20212022: 362 milj. USD2022: EBIT 2,1 milj. USD20222023: 472 milj. USD2023: EBIT 33 milj. USD20232024: 606 milj. USD2024: EBIT 64 milj. USD20242025: 759 milj. USD2025: EBIT 88 milj. USD202575988
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Shell Eggs85 %

Branded pasture-raised eggs sold through retail and foodservice channels.

Butter10 %

Branded butter products sold primarily through retail channels.

Value-Added Eggs3 %

Egg products and other processed egg offerings for foodservice and retail.

Foodservice Sales2 %

Egg and related products sold to restaurants and commercial operators.

Tuotteet

Raportoitu · osuus liikevaihdosta
96,5%FY2025100 %
  • Eggs and Egg Related Products96,5 %
  • Butter and Butter Related Products3,5 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Vital Farms sells primarily to U.S. retailers, including natural-channel grocers and mainstream national chains, which then sell to end consumers. It also serves foodservice distributors and operators that use its eggs in restaurants and other prepared-food settings. Demand is driven by consumers and operators seeking premium, ethically produced food with traceability and animal-welfare positioning.

Natural channel retailers

Buy branded eggs and butter for premium grocery shoppers who value animal welfare and traceability.

Mainstream national retailers

Buy Vital Farms products to meet broader consumer demand for premium eggs in mass retail.

Foodservice distributors and operators

Buy shell and value-added eggs for restaurants and institutional foodservice use.

End consumers

Purchase the products through retail channels because of brand trust and ethical sourcing.

Strategia

Vital Farms is focused on expanding household penetration, broadening distribution, and growing its foodservice presence while preserving its premium brand position. It also continues to invest in farm network capacity, processing infrastructure, and new product innovation to support long-term supply and channel expansion.

Expand retail distribution and household penetrationLyhyt aikaväli

More doors and more shoppers increase repeat purchase volume for a branded staple product.

Grow foodservice channel penetrationKeskipitkä aikaväli

Adds another demand stream and extends brand visibility beyond grocery shelves.

Strengthen supply network and processing capacityKeskipitkä aikaväli

Egg supply depends on contracted farms and processing throughput.

Innovate within eggs and adjacent categoriesKeskipitkä aikaväli

New products help capture more occasions and reduce reliance on a single SKU set.

Maantiede

Vital Farms is primarily a U.S. business, with products distributed throughout the United States. Its supply chain is built around family farms in the Pasture Belt, while processing and expansion capacity includes Egg Central Station in Missouri and a planned facility in Indiana. Geography matters because the company depends on a dispersed farm network, U.S. retail distribution, and domestic agricultural conditions.

Riskit

Vital Farms is exposed to agricultural disease, especially avian influenza and egg drop syndrome, because its supply chain depends on live flocks and contracted farms. It also relies on a concentrated set of distributors and on continued growth in premium egg demand, while seasonal demand swings and retailer private-label competition can affect volumes and mix.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Farm network development execution1Avian influenza and other agricultural diseases2Distributor concentration3Private-label competition4Seasonality in egg demand5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Farm network development executionVaikutus: KorkeaTodennäköisyys: Korkea

    Building and staffing new farms requires capital and successful farmer recruitment.

    Kohdistuu: Accelerator farms and new farm contracts

  2. Avian influenza and other agricultural diseasesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Disease outbreaks can reduce flock availability and disrupt egg supply across the farm network.

    Kohdistuu: Contracted family farms and accelerator farms

  3. Distributor concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A small number of distributors can influence product placement and future sales access.

    Kohdistuu: UNFI and other core distributors

  4. Private-label competitionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Retailers can promote lower-priced store brands that compete directly with Vital Farms.

    Kohdistuu: Natural and mainstream retail channels

  5. Seasonality in egg demandVaikutus: KeskitasoTodennäköisyys: Matala

    Holiday and school-year patterns create quarter-to-quarter volatility in sales and margins.

    Kohdistuu: Retail and foodservice demand

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Sales are routed through distributors and retailers, so timing of shipment and acceptance affects reported revenue.

Vaikutus: Net revenue and quarterly comparability

Trade promotion accruals

Rebates, discounts and promotions must be estimated and accrued, affecting net sales and SG&A.

Vaikutus: Reported revenue and operating expenses

Seasonality

Demand peaks around holidays and school-year timing, which distorts quarter-to-quarter comparisons.

Vaikutus: Revenue and margin volatility

Income taxes

Tax provisions depend on estimates and can move with profitability and jurisdictional mix.

Vaikutus: Net income and effective tax rate

Farm recruitment and renewal incentives

Upfront costs are recognized over multi-year contracts, affecting working capital and expense timing.

Vaikutus: Balance sheet and operating cash flow

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026