Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Vital Farms, Inc.VITL · consumer nondurables | |
|---|---|
| Grade |  Bsecond fifth of 124 graded peers; percentile 26.8, sampling error 3.8 points; lower is stronger |
| Rank | 34 of 124 |
| Profitability | C/Dpercentile 62.0 |
| Solvency | Bpercentile 28.8 |
| Growth and financing | Bpercentile 25.3 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $518.7M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress, fortress balance sheet |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Feb 26, 2026225 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $9.442026-10-08; market equity $405.3M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 26, 2026; the document on sec.gov.
Our Company: Improving the Lives of People, Animals and the Planet Through Food Vital Farms’ aspiration is to become America’s most trusted food company. Every day, we aim to raise the standards in the food industry and disrupt industrial, factory food norms. Our eggs and butter are sourced through a distributed supply chain of small farms that uphold our high animal welfare standards and produce exceptional products. We believe this approach creates a more resilient business that has enabled us to continue growing through a dynamic chapter in our industry. Our purpose is to improve the lives of people, animals and the planet through food.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 62.0 | |||||||
| Gross profitability | 55.1% | [1,3] | 29.8% | 17.2 | 146 | 2025-12-28 | |
| Return on invested capital | not computable | 5.6% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | 7.4% | [1,4-6] | (5.0%) | 94.1 | 153 | 2025-12-28 | |
| Gross margin stability, five years | 3.1 pts | [2-3,7-14] | 1.9 pts | 74.8 | 116 | 2025-12-28 | |
| Solvency, sleeve percentile 28.8 | |||||||
| Twelve-month failure probability | not computable | 0.03% | |||||
| four consecutive discrete net-income quarters are required; found 4 | |||||||
| Altman Z double-prime | 6.07 | [1,15-20] | 3.11 | 22.3 | 122 | 2025-12-28 | |
| Net debt to EBITDA | not computable | 2.54x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | not computable | 2.51x | |||||
| latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-28 | |||||||
| Current ratio | 2.16x | [15-16] | 1.81x | 35.3 | 157 | 2025-12-28 | |
| Growth and financing, sleeve percentile 25.3 | |||||||
| Revenue growth, three-year compound | 28.0% | [2,8,10,12] | 0.2% | 1.5 | 133 | 2025-12-28 | |
| Free cash flow growth, three-year compound | not computable | 14.9% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | 71.9% | [15-16,18,21-26] | 10.7% | 21.7 | 70 | 2025-12-28 | |
| Asset growth, three years | 34.2% | [1,6,27-28] | 0.5% | 3.0 | 134 | 2025-12-28 | |
| Net share issuance, one year | 1.2% | [29-30] | 0.05% | 74.8 | 104 | 2026-02-23 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.264; sampling error 3.8 percentile points on 124 peers.
Among 124 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 29 | Mattel Inc. (MAT) Mattel Inc. (MAT) A/Bon the A/B boundary; percentile 22.8 Nasdaq · Dolls & Stuffed Toys market equity $4.7B; last close $16.59 No active warnings; 9 of 14 inputs | 22.8 | A/B | |
| 30 | Superior Group OF Companies, Inc. (SGC) Superior Group OF Companies, Inc. (SGC) A/Bon the A/B boundary; percentile 23.6 Nasdaq · Apparel & Other Finishd Prods of Fabrics & Similar Matl market equity $209.2M; last close $13.01 No active warnings; 7 of 14 inputs | 23.6 | A/B | |
| 31 | Turning Point Brands, Inc. (TPB) Turning Point Brands, Inc. (TPB) Bsecond fifth; percentile 24.4 NYSE · Tobacco Products market equity $1.1B; last close $57.09 No active warnings; 9 of 14 inputs | 24.4 | B | |
| 32 | Tapestry, Inc. (TPR) Tapestry, Inc. (TPR) Bsecond fifth; percentile 25.2 NYSE · Leather & Leather Products market equity $23.1B; last close $115.77 No active warnings; 13 of 14 inputs | 25.2 | B | |
| 33 | Mission Produce, Inc. (AVO) Mission Produce, Inc. (AVO) Bsecond fifth; percentile 26.0 Nasdaq · Agricultural Services market equity $1.0B; last close $11.79 No active warnings; 11 of 14 inputs | 26.0 | B | |
| 34 | Vital Farms, Inc. (VITL) Vital Farms, Inc. (VITL) Bsecond fifth; percentile 26.8 Nasdaq · Food and Kindred Products market equity $405.1M; last close $9.44 No active warnings; 9 of 14 inputs | 26.8 | B | |
| 35 | Crown Crafts Inc. (CRWS) Crown Crafts Inc. (CRWS) Bsecond fifth; percentile 27.6 Nasdaq · Broadwoven Fabric Mills, Cotton market equity $26.1M; last close $2.47 No active warnings; 9 of 14 inputs | 27.6 | B | |
| 36 | Marzetti Co. (MZTI) Marzetti Co. (MZTI) Bsecond fifth; percentile 28.5 Nasdaq · Canned, Frozen & Preservd Fruit, Veg & Food Specialties market equity $2.8B; last close $102.18 No active warnings; 10 of 14 inputs | 28.5 | B | |
| 37 | DEL Monte Corp. (DMC) DEL Monte Corp. (DMC) Bsecond fifth; percentile 29.3 NYSE · Agricultural Production-Crops market equity $1.4B; last close $29.55 No active warnings; 13 of 14 inputs | 29.3 | B | |
| 38 | Pepsico Inc. (PEP) Pepsico Inc. (PEP) Bsecond fifth; percentile 30.1 Nasdaq · Beverages market equity $174.9B; last close $128.49 No active warnings; 14 of 14 inputs | 30.1 | B | |
| 39 | Acushnet Holdings Corp. (GOLF) Acushnet Holdings Corp. (GOLF) Bsecond fifth; percentile 30.9 NYSE · Sporting & Athletic Goods, NEC market equity $4.6B; last close $79.22 No active warnings; 9 of 14 inputs | 30.9 | B |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | A | 16.2 | 2204 |
| sector peers, equal sleeves (the grade) | B | 26.8 | 124 |
| same exchange, equal sleeves | A | 17.2 | 1219 |
| sector peers, equal inputs | A/B | 19.5 | 124 |
Each letter is one fifth of the 124 graded peers, about 24 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (74.0%) | (0.2%) | 3 | hotter than 3 of 100 peers |
| Distance from 52-week high | (78.9%) | (24.8%) | 6 | closer to its high than 6 of 100 peers |
| EBIT to enterprise value | 21.4% | 4.1% | 99 | pricier than 1 of 100 peers |
| Free cash flow yield | (11.9%) | 4.8% | 14 | pricier than 86 of 100 peers |
| Book value to price | 0.70 | 0.57 | 56 | pricier than 44 of 100 peers |
| Sales to price | 1.87 | 1.20 | 65 | pricier than 35 of 100 peers |
| Composite equity issuance, five years | 8.1% | (16.3%) | 84 | more equity-funded than 84 of 100 peers |
| Relative strength against the sector, log excess return | (1.44) | (0.10) | 3 | ahead of 3 of 100 peers |
Inputs: market equity $405.1M; EBIT $88.4M; free cash flow -$48.2M; book equity $283.7M; sales $759.4M; debt $30.0M; cash $21.2M[31].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-28 | ||
|---|---|---|
| Return on assets above zero | 18.4% | ✓ pass[4,6] |
| Operating cash flow above zero | $33.7M | ✓ pass[5] |
| Return on assets improved | (1.0 pts) | ✗ fail[4,6,27,32] |
| Operating cash flow exceeds net income | -$32.6M | ✗ fail[4-5] |
| Long-term leverage fell | n/a[1,6,27] | |
| Current ratio improved | (97.4 pts) | ✗ fail[15-16,25-26] |
| No new shares issued | 1.2% | ✗ fail[29-30] |
| Gross margin improved | (0.3 pts) | ✗ fail[2-3,7-8] |
| Asset turnover improved | (9.0 pts) | ✗ fail[2,6,8,27] |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $518.7M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $759.4M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $285.7M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | $66.3M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $33.7M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $359.3M | 2024-12-29 | 2026-02-26 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $229.9M | 2024-12-29 | 2026-02-26 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $606.3M | 2024-12-29 | 2026-02-26 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $162.3M | 2023-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $471.9M | 2023-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $109.4M | 2022-12-25 | 2025-02-27 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $362.1M | 2022-12-25 | 2025-02-27 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $82.9M | 2021-12-26 | 2024-03-07 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $260.9M | 2021-12-26 | 2024-03-07 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $262.6M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $121.6M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $149.4M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 18 | operating income | us-gaap:OperatingIncomeLoss | $88.4M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 19 | book equity | us-gaap:StockholdersEquity | $351.3M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 20 | liabilities | us-gaap:Liabilities | $167.5M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 21 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $82.0M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 22 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $9.3M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 23 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $91.3M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 24 | income tax | us-gaap:IncomeTaxExpenseBenefit | $25.0M | 2025-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 25 | current assets | us-gaap:AssetsCurrent | $246.0M | 2024-12-29 | 2026-02-26 | 10-K | filing · viewer · series |
| 26 | current liabilities | us-gaap:LiabilitiesCurrent | $78.5M | 2024-12-29 | 2026-02-26 | 10-K | filing · viewer · series |
| 27 | assets | us-gaap:Assets | $275.2M | 2023-12-31 | 2025-02-27 | 10-K | filing · viewer · series |
| 28 | assets | us-gaap:Assets | $214.7M | 2022-12-25 | 2024-03-07 | 10-K | filing · viewer · series |
| 29 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 44,797,125 | 2026-02-23 | 2026-02-26 | 10-K | filing · viewer · series |
| 30 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 44,257,535 | 2025-02-24 | 2025-02-27 | 10-K | filing · viewer · series |
| 31 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 42,931,522 | 2026-08-03 | 2026-08-06 | 10-Q | filing · viewer · series |
| 32 | net income | us-gaap:NetIncomeLoss | $53.4M | 2024-12-29 | 2026-02-26 | 10-K | filing · viewer · series |
| 33 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $21.2M | 2026-06-28 | 2026-08-06 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$45.9M | 2026-06-28 | 2026-08-06 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$18.6M | 2026-03-29 | 2026-05-07 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $27.9M | 2025-09-28 | 2025-11-04 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $4.5M | 2025-06-29 | 2026-08-06 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 26.8 is 6.8 points from the nearest band edge; sampling error is 3.8 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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