Latest Ratios: P/E Ratio 8.9x · EV/EBITDA 5.4x · ROE 21.4%. (2018–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $547M | $1.5B | $1.7B | $680M | $673M | $750M | $878M | — | — |
| Enterprise Value | $551M | $1.5B | $1.6B | $618M | $671M | $719M | $849M | — | — |
| P/E Ratio → | 8.86 | 22.03 | 31.65 | 26.59 | 537.50 | 308.56 | 98.74 | — | — |
| P/S Ratio | 0.72 | 1.92 | 2.78 | 1.44 | 1.86 | 2.87 | 4.10 | — | — |
| P/B Ratio | 1.67 | 4.16 | 6.26 | 3.53 | 4.25 | 4.94 | 6.16 | — | — |
| P/FCF | — | — | 47.13 | 17.26 | — | 772.30 | 625.89 | — | — |
| P/OCF | 16.22 | 43.31 | 26.17 | 13.35 | — | 42.41 | 74.99 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.93 | 2.56 | 1.31 | 1.85 | 2.76 | 3.96 | — | — |
| EV / EBITDA | 5.36 | 14.24 | 20.27 | 15.01 | 88.89 | 200.24 | 57.43 | — | — |
| EV / EBIT | 6.24 | 15.90 | 22.66 | 18.74 | 227.74 | 1771.58 | 69.90 | — | — |
| EV / FCF | — | — | 43.44 | 15.70 | — | 740.74 | 605.39 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.6% | 37.6% | 37.9% | 34.4% | 30.2% | 31.8% | 34.8% | 30.5% | 32.6% |
| Operating Margin | 11.6% | 11.6% | 10.5% | 7.0% | 0.6% | 0.0% | 5.7% | 2.4% | 6.3% |
| Net Profit Margin | 8.7% | 8.7% | 8.8% | 5.4% | 0.3% | 0.9% | 4.1% | 1.7% | 5.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.4% | 21.4% | 23.1% | 14.6% | 0.8% | 1.7% | 10.1% | 8.0% | 21.1% |
| ROA | 15.1% | 15.1% | 16.8% | 10.4% | 0.6% | 1.3% | 7.5% | 4.3% | 11.6% |
| ROIC | 26.9% | 26.9% | 35.5% | 17.4% | 1.1% | 0.0% | 12.2% | 8.7% | 24.0% |
| ROCE | 26.1% | 26.1% | 25.9% | 17.6% | 1.3% | 0.0% | 13.4% | 9.6% | 20.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.15 | 0.15 | 0.07 | 0.12 | 0.07 | 0.00 | 0.01 | 0.20 | 0.20 |
| Debt / EBITDA | 0.52 | 0.52 | 0.24 | 0.55 | 1.42 | 0.09 | 0.05 | 1.20 | 0.67 |
| Net Debt / Equity | — | 0.01 | -0.49 | -0.32 | -0.01 | -0.20 | -0.20 | 0.16 | -0.23 |
| Net Debt / EBITDA | 0.05 | 0.05 | -1.72 | -1.50 | -0.29 | -8.53 | -1.95 | 0.95 | -0.77 |
| Debt / FCF | — | — | -3.69 | -1.56 | — | -31.55 | -20.50 | — | -0.67 |
| Interest Coverage | 105.42 | 105.42 | 67.87 | 42.18 | 25.83 | 7.81 | 24.88 | 13.66 | 15.98 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.16 | 2.16 | 3.13 | 3.00 | 3.14 | 3.72 | 5.30 | 1.39 | 1.61 |
| Quick Ratio | 1.61 | 1.61 | 2.83 | 2.49 | 2.58 | 3.43 | 4.80 | 0.87 | 1.38 |
| Cash Ratio | 0.93 | 0.93 | 2.04 | 1.79 | 1.65 | 2.62 | 3.78 | 0.05 | 0.70 |
| Asset Turnover | — | 1.46 | 1.69 | 1.71 | 1.69 | 1.37 | 1.25 | 2.27 | 2.14 |
| Inventory Turnover | 7.12 | 7.12 | 15.90 | 9.41 | 9.41 | 16.26 | 10.83 | 7.56 | 18.60 |
| Days Sales Outstanding | — | 32.61 | 32.71 | 30.71 | 39.21 | 37.69 | 38.31 | 45.97 | 35.19 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.3% | 4.5% | 3.2% | 3.8% | 0.2% | 0.3% | 1.0% | — | — |
| FCF Yield | — | — | 2.1% | 5.8% | — | 0.1% | 0.2% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $46M | $45M | $43M | $43M | $43M | $33M | $37M | $37M |
Capital expenditure liquidity drain
According to current market data, VITL trades at a P/E of 7.77 and an EV/EBITDA of 4.71, suggesting that investors are heavily discounting the company's future growth prospects following the recent shift toward negative profitability and the rapid depletion of its cash reserves.
The low valuation multiples relative to high-growth CPG peers indicate that the market is pricing the stock as a distressed asset rather than a premium brand. This valuation compression appears to reflect skepticism regarding the company's ability to maintain its historical growth trajectory while simultaneously managing the heavy capital requirements of its current infrastructure expansion.
Based on reported figures, ROIC has deteriorated from a peak of 14.3% in 2024Q1 to a negative 0.5% in 2026Q1, signaling that the company's recent investments in production capacity are failing to generate adequate returns on the capital deployed into the business.
The sharp decline in ROIC suggests that the transition toward an asset-heavy model is currently diluting shareholder value rather than enhancing it. Investors should monitor whether this trend is a temporary byproduct of the Egg Central expansion or a structural shift indicating that the company's core business model is becoming less efficient as it scales.
As indicated by the latest financial statements, the cash conversion cycle has expanded to 45 days in 2026Q1 from a low of 18 days in 2025Q2, highlighting a significant decline in the company's ability to manage its working capital effectively during this period of operational stress.
The lengthening of the cash conversion cycle suggests that inventory management and receivables collection are becoming more difficult, potentially due to shifting retail dynamics or supply chain inefficiencies. This deterioration in efficiency directly contributes to the company's current liquidity challenges and warrants further investigation into the underlying causes of the inventory buildup.
According to recent quarterly filings, the current ratio has fallen to 1.77 in 2026Q1 from a high of 3.50 in 2024Q2, reflecting a rapid contraction in the company's liquidity buffer as cash is consumed by capital expenditures and aggressive share repurchase programs.
The decline in the quick ratio to 1.00 suggests that the company's ability to meet short-term obligations without relying on inventory liquidation is becoming increasingly constrained. This trend indicates a vulnerable liquidity position that may limit management's flexibility if the current macroeconomic headwinds persist or if further capital investments are required.
As reported in financial statements, the market's reliance on standard P/E and EV/EBITDA multiples for VITL obscures the company's unique status as a logistics-heavy platform, leading to a potential mispricing of its long-term terminal value and operational risk profile.
Using traditional CPG valuation metrics fails to account for the specific risks associated with the company's decentralized, audited supply chain model. Analysts should instead focus on metrics that capture the cost of maintaining this complex network, such as the ratio of capital expenditure to revenue, to better understand the true sustainability of the company's competitive moat.
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Quick answers to the most common questions about buying VITL stock.
Vital Farms, Inc.'s current P/E ratio is 8.9x. The historical average is 44.8x.
Vital Farms, Inc.'s current EV/EBITDA is 5.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 39.2x.
Vital Farms, Inc.'s return on equity (ROE) is 21.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 12.6%.
Based on historical data, Vital Farms, Inc. is trading at a P/E of 8.9x. Compare with industry peers and growth rates for a complete picture.
Vital Farms, Inc. has 37.6% gross margin and 11.6% operating margin. Operating margin between 10-20% is typical for established companies.
Vital Farms, Inc.'s Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.