Vital Farms, Inc.
VITL · Consumer Staples · $600.7M mkt cap · FY2025 filings · Narrow moat
On the watchlist
The four filters
Pricing power52
Median gross margin 33.5% over 8y, stable.
Returns on capital87
Median ROIC 20.8%, above the 9% hurdle in 63% of years.
Balance-sheet safety73
Net debt/EBITDA n/ax, interest coverage 101x.
Capital discipline60
Owner earnings +41.6%/yr, share count growing (dilution).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $25.6M
- Est. intrinsic value / share
- $10.27
- Recent price
- $13.41
- Discount to value
- 31% above value
Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.