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Side-by-side financial comparison of BEYOND MEAT, INC. (BYND) 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 $61.6M, roughly 3.5× BEYOND MEAT, INC.). On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -19.7%). Vital Farms, Inc. produced more free cash flow last quarter ($-32.1M vs $-49.8M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% CAGR vs -9.7%).
Beyond Meat, Inc., branded as Beyond, is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company's products were first launched in the United States in 2012.
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".
BYND vs VITL — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $61.6M | $213.6M |
| Net Profit | — | $16.3M |
| Gross Margin | -11.5% | 35.8% |
| Operating Margin | -211.4% | 10.0% |
| Net Margin | — | 7.6% |
| Revenue YoY | -19.7% | 28.7% |
| Net Profit YoY | — | 54.3% |
| EPS (diluted) | $0.68 | $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.
| Q4 25 | $61.6M | $213.6M | ||
| Q3 25 | $70.2M | $198.9M | ||
| Q2 25 | $75.0M | $184.8M | ||
| Q1 25 | $68.7M | $162.2M | ||
| Q4 24 | $76.7M | $166.0M | ||
| Q3 24 | $81.0M | $145.0M | ||
| Q2 24 | $93.2M | $147.4M | ||
| Q1 24 | $75.6M | $147.9M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | $-110.7M | $16.4M | ||
| Q2 25 | $-29.2M | $16.6M | ||
| Q1 25 | $-52.9M | $16.9M | ||
| Q4 24 | — | $10.6M | ||
| Q3 24 | $-26.6M | $7.4M | ||
| Q2 24 | $-34.5M | $16.3M | ||
| Q1 24 | $-54.4M | $19.0M |
| Q4 25 | -11.5% | 35.8% | ||
| Q3 25 | 10.3% | 37.7% | ||
| Q2 25 | 11.5% | 38.9% | ||
| Q1 25 | -1.5% | 38.5% | ||
| Q4 24 | 13.1% | 36.1% | ||
| Q3 24 | 17.7% | 36.9% | ||
| Q2 24 | 14.7% | 39.1% | ||
| Q1 24 | 4.9% | 39.8% |
| Q4 25 | -211.4% | 10.0% | ||
| Q3 25 | -160.0% | 10.8% | ||
| Q2 25 | -46.6% | 12.9% | ||
| Q1 25 | -81.8% | 13.4% | ||
| Q4 24 | -49.3% | 7.8% | ||
| Q3 24 | -38.2% | 6.4% | ||
| Q2 24 | -36.4% | 11.6% | ||
| Q1 24 | -70.7% | 16.3% |
| Q4 25 | — | 7.6% | ||
| Q3 25 | -157.6% | 8.3% | ||
| Q2 25 | -39.0% | 9.0% | ||
| Q1 25 | -77.0% | 10.4% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | -32.8% | 5.1% | ||
| Q2 24 | -37.0% | 11.1% | ||
| Q1 24 | -71.9% | 12.9% |
| Q4 25 | $0.68 | $0.35 | ||
| Q3 25 | $-1.44 | $0.36 | ||
| Q2 25 | $-0.38 | $0.36 | ||
| Q1 25 | $-0.69 | $0.37 | ||
| Q4 24 | $-0.65 | $0.23 | ||
| Q3 24 | $-0.41 | $0.16 | ||
| Q2 24 | $-0.53 | $0.36 | ||
| Q1 24 | $-0.84 | $0.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $203.9M | $48.8M |
| Total DebtLower is stronger | $415.7M | — |
| Stockholders' EquityBook value | $-997.0K | $351.3M |
| Total Assets | $614.7M | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.9M | $48.8M | ||
| Q3 25 | $117.3M | $93.8M | ||
| Q2 25 | $103.5M | $108.2M | ||
| Q1 25 | $102.1M | $156.3M | ||
| Q4 24 | $131.9M | $150.6M | ||
| Q3 24 | $121.7M | $149.5M | ||
| Q2 24 | $144.9M | $133.2M | ||
| Q1 24 | $157.9M | $113.8M |
| Q4 25 | $415.7M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $-997.0K | $351.3M | ||
| Q3 25 | $-784.1M | $331.2M | ||
| Q2 25 | $-677.0M | $309.8M | ||
| Q1 25 | $-649.5M | $288.9M | ||
| Q4 24 | $-601.2M | $269.3M | ||
| Q3 24 | $-611.9M | $253.4M | ||
| Q2 24 | $-590.0M | $238.4M | ||
| Q1 24 | $-561.4M | $213.3M |
| Q4 25 | $614.7M | $518.7M | ||
| Q3 25 | $599.7M | $481.5M | ||
| Q2 25 | $691.7M | $430.8M | ||
| Q1 25 | $643.8M | $376.9M | ||
| Q4 24 | $678.1M | $359.3M | ||
| Q3 24 | $692.9M | $344.7M | ||
| Q2 24 | $711.2M | $320.5M | ||
| Q1 24 | $735.0M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.8M | $5.8M |
| Free Cash FlowOCF − Capex | $-49.8M | $-32.1M |
| FCF MarginFCF / Revenue | -80.8% | -15.1% |
| Capex IntensityCapex / Revenue | 4.8% | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $-157.2M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.8M | $5.8M | ||
| Q3 25 | $-38.8M | $23.4M | ||
| Q2 25 | $-33.2M | $-761.0K | ||
| Q1 25 | $-26.1M | $5.3M | ||
| Q4 24 | $-29.0M | $14.8M | ||
| Q3 24 | $-22.0M | $10.0M | ||
| Q2 24 | $-16.0M | $16.1M | ||
| Q1 24 | $-31.8M | $23.9M |
| Q4 25 | $-49.8M | $-32.1M | ||
| Q3 25 | $-41.7M | $-10.6M | ||
| Q2 25 | $-35.1M | $-7.6M | ||
| Q1 25 | $-30.6M | $2.1M | ||
| Q4 24 | $-35.4M | $-3.4M | ||
| Q3 24 | $-24.1M | $6.4M | ||
| Q2 24 | $-17.3M | $10.5M | ||
| Q1 24 | $-33.0M | $22.6M |
| Q4 25 | -80.8% | -15.1% | ||
| Q3 25 | -59.4% | -5.3% | ||
| Q2 25 | -46.9% | -4.1% | ||
| Q1 25 | -44.6% | 1.3% | ||
| Q4 24 | -46.2% | -2.0% | ||
| Q3 24 | -29.7% | 4.4% | ||
| Q2 24 | -18.6% | 7.2% | ||
| Q1 24 | -43.7% | 15.3% |
| Q4 25 | 4.8% | 17.8% | ||
| Q3 25 | 4.1% | 17.1% | ||
| Q2 25 | 2.6% | 3.7% | ||
| Q1 25 | 6.5% | 1.9% | ||
| Q4 24 | 8.4% | 10.9% | ||
| Q3 24 | 2.5% | 2.5% | ||
| Q2 24 | 1.4% | 3.8% | ||
| Q1 24 | 1.6% | 0.9% |
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | — | 0.99× | ||
| Q1 24 | — | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BYND
Segment breakdown not available.
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
