vs

Side-by-side financial comparison of Babcock & Wilcox Enterprises, Inc. (BW) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.

Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $113.4M, roughly 1.9× Babcock & Wilcox Enterprises, Inc.). On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 0.6%). Babcock & Wilcox Enterprises, Inc. produced more free cash flow last quarter ($-7.2M vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% CAGR vs -16.9%).

Babcock & Wilcox Enterprises, Inc. is an American energy technology and service provider that is active and has operations in many international markets with its headquarters in Akron, Ohio. Historically, the company is best known for their steam boilers.

Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".

BW vs VITL — Head-to-Head

Bigger by revenue
VITL
VITL
1.9× larger
VITL
$213.6M
$113.4M
BW
Growing faster (revenue YoY)
VITL
VITL
+28.0% gap
VITL
28.7%
0.6%
BW
More free cash flow
BW
BW
$25.0M more FCF
BW
$-7.2M
$-32.1M
VITL
Faster 2-yr revenue CAGR
VITL
VITL
Annualised
VITL
20.2%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BW
BW
VITL
VITL
Revenue
$113.4M
$213.6M
Net Profit
$16.3M
Gross Margin
20.6%
35.8%
Operating Margin
0.2%
10.0%
Net Margin
7.6%
Revenue YoY
0.6%
28.7%
Net Profit YoY
54.3%
EPS (diluted)
$0.11
$0.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BW
BW
VITL
VITL
Q4 25
$113.4M
$213.6M
Q3 25
$149.0M
$198.9M
Q2 25
$144.1M
$184.8M
Q1 25
$181.2M
$162.2M
Q4 24
$112.7M
$166.0M
Q3 24
$152.6M
$145.0M
Q2 24
$151.4M
$147.4M
Q1 24
$164.3M
$147.9M
Net Profit
BW
BW
VITL
VITL
Q4 25
$16.3M
Q3 25
$35.1M
$16.4M
Q2 25
$-58.5M
$16.6M
Q1 25
$-22.0M
$16.9M
Q4 24
$-63.1M
$10.6M
Q3 24
$-5.3M
$7.4M
Q2 24
$25.4M
$16.3M
Q1 24
$-16.8M
$19.0M
Gross Margin
BW
BW
VITL
VITL
Q4 25
20.6%
35.8%
Q3 25
24.9%
37.7%
Q2 25
30.0%
38.9%
Q1 25
22.1%
38.5%
Q4 24
16.7%
36.1%
Q3 24
23.7%
36.9%
Q2 24
21.8%
39.1%
Q1 24
23.6%
39.8%
Operating Margin
BW
BW
VITL
VITL
Q4 25
0.2%
10.0%
Q3 25
4.4%
10.8%
Q2 25
5.6%
12.9%
Q1 25
3.2%
13.4%
Q4 24
-8.1%
7.8%
Q3 24
1.0%
6.4%
Q2 24
-2.9%
11.6%
Q1 24
3.5%
16.3%
Net Margin
BW
BW
VITL
VITL
Q4 25
7.6%
Q3 25
23.5%
8.3%
Q2 25
-40.6%
9.0%
Q1 25
-12.1%
10.4%
Q4 24
-56.0%
6.4%
Q3 24
-3.5%
5.1%
Q2 24
16.8%
11.1%
Q1 24
-10.2%
12.9%
EPS (diluted)
BW
BW
VITL
VITL
Q4 25
$0.11
$0.35
Q3 25
$0.30
$0.36
Q2 25
$-0.63
$0.36
Q1 25
$-0.26
$0.37
Q4 24
$-0.73
$0.23
Q3 24
$-0.10
$0.16
Q2 24
$0.24
$0.36
Q1 24
$-0.23
$0.43

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BW
BW
VITL
VITL
Cash + ST InvestmentsLiquidity on hand
$89.5M
$48.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$351.3M
Total Assets
$662.9M
$518.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
VITL
VITL
Q4 25
$89.5M
$48.8M
Q3 25
$25.2M
$93.8M
Q2 25
$23.4M
$108.2M
Q1 25
$23.5M
$156.3M
Q4 24
$26.9M
$150.6M
Q3 24
$30.6M
$149.5M
Q2 24
$95.5M
$133.2M
Q1 24
$43.9M
$113.8M
Stockholders' Equity
BW
BW
VITL
VITL
Q4 25
$-131.5M
$351.3M
Q3 25
$-232.2M
$331.2M
Q2 25
$-309.2M
$309.8M
Q1 25
$-303.0M
$288.9M
Q4 24
$-283.8M
$269.3M
Q3 24
$-203.7M
$253.4M
Q2 24
$-198.9M
$238.4M
Q1 24
$-223.0M
$213.3M
Total Assets
BW
BW
VITL
VITL
Q4 25
$662.9M
$518.7M
Q3 25
$657.9M
$481.5M
Q2 25
$703.5M
$430.8M
Q1 25
$719.7M
$376.9M
Q4 24
$727.0M
$359.3M
Q3 24
$804.6M
$344.7M
Q2 24
$849.1M
$320.5M
Q1 24
$795.5M
$300.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BW
BW
VITL
VITL
Operating Cash FlowLast quarter
$-3.0M
$5.8M
Free Cash FlowOCF − Capex
$-7.2M
$-32.1M
FCF MarginFCF / Revenue
-6.3%
-15.1%
Capex IntensityCapex / Revenue
3.7%
17.8%
Cash ConversionOCF / Net Profit
0.35×
TTM Free Cash FlowTrailing 4 quarters
$-85.7M
$-48.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
VITL
VITL
Q4 25
$-3.0M
$5.8M
Q3 25
$-32.1M
$23.4M
Q2 25
$-25.3M
$-761.0K
Q1 25
$-8.5M
$5.3M
Q4 24
$-22.5M
$14.8M
Q3 24
$-69.5M
$10.0M
Q2 24
$-11.8M
$16.1M
Q1 24
$-14.9M
$23.9M
Free Cash Flow
BW
BW
VITL
VITL
Q4 25
$-7.2M
$-32.1M
Q3 25
$-37.6M
$-10.6M
Q2 25
$-28.1M
$-7.6M
Q1 25
$-12.8M
$2.1M
Q4 24
$-23.6M
$-3.4M
Q3 24
$-71.6M
$6.4M
Q2 24
$-16.4M
$10.5M
Q1 24
$-18.3M
$22.6M
FCF Margin
BW
BW
VITL
VITL
Q4 25
-6.3%
-15.1%
Q3 25
-25.3%
-5.3%
Q2 25
-19.5%
-4.1%
Q1 25
-7.1%
1.3%
Q4 24
-20.9%
-2.0%
Q3 24
-46.9%
4.4%
Q2 24
-10.8%
7.2%
Q1 24
-11.2%
15.3%
Capex Intensity
BW
BW
VITL
VITL
Q4 25
3.7%
17.8%
Q3 25
3.7%
17.1%
Q2 25
1.9%
3.7%
Q1 25
2.4%
1.9%
Q4 24
1.0%
10.9%
Q3 24
1.4%
2.5%
Q2 24
3.0%
3.8%
Q1 24
2.1%
0.9%
Cash Conversion
BW
BW
VITL
VITL
Q4 25
0.35×
Q3 25
-0.92×
1.43×
Q2 25
-0.05×
Q1 25
0.31×
Q4 24
1.40×
Q3 24
1.34×
Q2 24
-0.46×
0.99×
Q1 24
1.26×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BW
BW

Construction$98.8M87%
Other$14.6M13%

VITL
VITL

Eggs And Egg Related Products$205.8M96%
Butter And Butter Related Products$7.7M4%

Related Comparisons