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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) 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 $120.4M, roughly 1.8× Hippo Holdings Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs 5.0%, a 2.7% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 18.2%). Hippo Holdings Inc. produced more free cash flow last quarter ($9.1M vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% CAGR vs 18.9%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

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".

HIPO vs VITL — Head-to-Head

Bigger by revenue
VITL
VITL
1.8× larger
VITL
$213.6M
$120.4M
HIPO
Growing faster (revenue YoY)
VITL
VITL
+10.5% gap
VITL
28.7%
18.2%
HIPO
Higher net margin
VITL
VITL
2.7% more per $
VITL
7.6%
5.0%
HIPO
More free cash flow
HIPO
HIPO
$41.2M more FCF
HIPO
$9.1M
$-32.1M
VITL
Faster 2-yr revenue CAGR
VITL
VITL
Annualised
VITL
20.2%
18.9%
HIPO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HIPO
HIPO
VITL
VITL
Revenue
$120.4M
$213.6M
Net Profit
$6.0M
$16.3M
Gross Margin
35.8%
Operating Margin
5.6%
10.0%
Net Margin
5.0%
7.6%
Revenue YoY
18.2%
28.7%
Net Profit YoY
-86.4%
54.3%
EPS (diluted)
$0.31
$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
HIPO
HIPO
VITL
VITL
Q4 25
$120.4M
$213.6M
Q3 25
$120.6M
$198.9M
Q2 25
$117.3M
$184.8M
Q1 25
$110.3M
$162.2M
Q4 24
$101.9M
$166.0M
Q3 24
$95.5M
$145.0M
Q2 24
$89.6M
$147.4M
Q1 24
$85.1M
$147.9M
Net Profit
HIPO
HIPO
VITL
VITL
Q4 25
$6.0M
$16.3M
Q3 25
$98.1M
$16.4M
Q2 25
$1.3M
$16.6M
Q1 25
$-47.7M
$16.9M
Q4 24
$44.2M
$10.6M
Q3 24
$-8.5M
$7.4M
Q2 24
$-40.5M
$16.3M
Q1 24
$-35.7M
$19.0M
Gross Margin
HIPO
HIPO
VITL
VITL
Q4 25
35.8%
Q3 25
37.7%
Q2 25
38.9%
Q1 25
38.5%
Q4 24
36.1%
Q3 24
36.9%
Q2 24
39.1%
Q1 24
39.8%
Operating Margin
HIPO
HIPO
VITL
VITL
Q4 25
5.6%
10.0%
Q3 25
81.3%
10.8%
Q2 25
3.4%
12.9%
Q1 25
-41.3%
13.4%
Q4 24
46.3%
7.8%
Q3 24
-5.4%
6.4%
Q2 24
-40.7%
11.6%
Q1 24
-38.7%
16.3%
Net Margin
HIPO
HIPO
VITL
VITL
Q4 25
5.0%
7.6%
Q3 25
81.3%
8.3%
Q2 25
1.1%
9.0%
Q1 25
-43.2%
10.4%
Q4 24
43.4%
6.4%
Q3 24
-8.9%
5.1%
Q2 24
-45.2%
11.1%
Q1 24
-42.0%
12.9%
EPS (diluted)
HIPO
HIPO
VITL
VITL
Q4 25
$0.31
$0.35
Q3 25
$3.77
$0.36
Q2 25
$0.05
$0.36
Q1 25
$-1.91
$0.37
Q4 24
$1.81
$0.23
Q3 24
$-0.34
$0.16
Q2 24
$-1.64
$0.36
Q1 24
$-1.47
$0.43

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
VITL
VITL
Cash + ST InvestmentsLiquidity on hand
$218.3M
$48.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$436.1M
$351.3M
Total Assets
$1.9B
$518.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
VITL
VITL
Q4 25
$218.3M
$48.8M
Q3 25
$247.7M
$93.8M
Q2 25
$198.9M
$108.2M
Q1 25
$140.9M
$156.3M
Q4 24
$197.6M
$150.6M
Q3 24
$191.2M
$149.5M
Q2 24
$175.9M
$133.2M
Q1 24
$223.4M
$113.8M
Stockholders' Equity
HIPO
HIPO
VITL
VITL
Q4 25
$436.1M
$351.3M
Q3 25
$421.5M
$331.2M
Q2 25
$332.5M
$309.8M
Q1 25
$322.8M
$288.9M
Q4 24
$362.1M
$269.3M
Q3 24
$326.4M
$253.4M
Q2 24
$322.6M
$238.4M
Q1 24
$351.2M
$213.3M
Total Assets
HIPO
HIPO
VITL
VITL
Q4 25
$1.9B
$518.7M
Q3 25
$1.9B
$481.5M
Q2 25
$1.7B
$430.8M
Q1 25
$1.5B
$376.9M
Q4 24
$1.5B
$359.3M
Q3 24
$1.5B
$344.7M
Q2 24
$1.5B
$320.5M
Q1 24
$1.5B
$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
HIPO
HIPO
VITL
VITL
Operating Cash FlowLast quarter
$9.2M
$5.8M
Free Cash FlowOCF − Capex
$9.1M
$-32.1M
FCF MarginFCF / Revenue
7.6%
-15.1%
Capex IntensityCapex / Revenue
0.1%
17.8%
Cash ConversionOCF / Net Profit
1.53×
0.35×
TTM Free Cash FlowTrailing 4 quarters
$14.8M
$-48.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
VITL
VITL
Q4 25
$9.2M
$5.8M
Q3 25
$16.9M
$23.4M
Q2 25
$24.7M
$-761.0K
Q1 25
$-35.6M
$5.3M
Q4 24
$47.5M
$14.8M
Q3 24
$46.8M
$10.0M
Q2 24
$-10.6M
$16.1M
Q1 24
$17.7M
$23.9M
Free Cash Flow
HIPO
HIPO
VITL
VITL
Q4 25
$9.1M
$-32.1M
Q3 25
$16.8M
$-10.6M
Q2 25
$24.6M
$-7.6M
Q1 25
$-35.7M
$2.1M
Q4 24
$47.2M
$-3.4M
Q3 24
$6.4M
Q2 24
$-10.7M
$10.5M
Q1 24
$17.6M
$22.6M
FCF Margin
HIPO
HIPO
VITL
VITL
Q4 25
7.6%
-15.1%
Q3 25
13.9%
-5.3%
Q2 25
21.0%
-4.1%
Q1 25
-32.4%
1.3%
Q4 24
46.3%
-2.0%
Q3 24
4.4%
Q2 24
-11.9%
7.2%
Q1 24
20.7%
15.3%
Capex Intensity
HIPO
HIPO
VITL
VITL
Q4 25
0.1%
17.8%
Q3 25
0.1%
17.1%
Q2 25
0.1%
3.7%
Q1 25
0.1%
1.9%
Q4 24
0.3%
10.9%
Q3 24
0.0%
2.5%
Q2 24
0.1%
3.8%
Q1 24
0.1%
0.9%
Cash Conversion
HIPO
HIPO
VITL
VITL
Q4 25
1.53×
0.35×
Q3 25
0.17×
1.43×
Q2 25
19.00×
-0.05×
Q1 25
0.31×
Q4 24
1.07×
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

HIPO
HIPO

Segment breakdown not available.

VITL
VITL

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

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