Vital Farms, Inc. — Earnings Quality Grade C
VITL · Consumer Defensive
Some red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 33 days, change -0 days YoY
AR growth 24.9% vs revenue growth 25.3%
Revenue grew 25.3% but CFFO declined -48.0%
Small-cap context: Small-cap revenue/CFFO ratio is sensitive to growth-stage working-capital draws.
Expense Quality
Inventory growth 181.0% exceeds COGS 25.9%
CapEx growth 186.1% is >2x revenue growth 25.3%
SG&A/Gross Profit = 69.1%. Normal
Gross margin 37.6%, change -0.3pp. Stable
Cash Flow Quality
CFFO/NI = 0.51. Below 1.0
FCF is negative ($-0.0B)
Accruals ratio = 6.3%. Elevated
Cash $0.1B covers debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 1% of equity. Manageable
Debt/EBITDA = 0.5x. Healthy
Other assets 0.0% vs revenue 25.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -1.80 (grey zone)
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25