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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.

Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $213.6M, roughly 1.4× Vital Farms, Inc.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 7.6%, a 5.3% gap on every dollar of revenue. Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% CAGR vs 0.6%).

Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.

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".

HTH vs VITL — Head-to-Head

Bigger by revenue
HTH
HTH
1.4× larger
HTH
$300.5M
$213.6M
VITL
Higher net margin
HTH
HTH
5.3% more per $
HTH
13.0%
7.6%
VITL
Faster 2-yr revenue CAGR
VITL
VITL
Annualised
VITL
20.2%
0.6%
HTH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HTH
HTH
VITL
VITL
Revenue
$300.5M
$213.6M
Net Profit
$39.0M
$16.3M
Gross Margin
35.8%
Operating Margin
10.0%
Net Margin
13.0%
7.6%
Revenue YoY
28.7%
Net Profit YoY
-12.4%
54.3%
EPS (diluted)
$0.64
$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
HTH
HTH
VITL
VITL
Q1 26
$300.5M
Q4 25
$329.9M
$213.6M
Q3 25
$330.2M
$198.9M
Q2 25
$303.3M
$184.8M
Q1 25
$318.5M
$162.2M
Q4 24
$301.1M
$166.0M
Q3 24
$305.5M
$145.0M
Q2 24
$297.0M
$147.4M
Net Profit
HTH
HTH
VITL
VITL
Q1 26
$39.0M
Q4 25
$41.6M
$16.3M
Q3 25
$45.8M
$16.4M
Q2 25
$36.1M
$16.6M
Q1 25
$42.1M
$16.9M
Q4 24
$35.5M
$10.6M
Q3 24
$29.7M
$7.4M
Q2 24
$20.3M
$16.3M
Gross Margin
HTH
HTH
VITL
VITL
Q1 26
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%
Operating Margin
HTH
HTH
VITL
VITL
Q1 26
Q4 25
16.1%
10.0%
Q3 25
18.4%
10.8%
Q2 25
16.3%
12.9%
Q1 25
18.1%
13.4%
Q4 24
14.7%
7.8%
Q3 24
13.9%
6.4%
Q2 24
10.0%
11.6%
Net Margin
HTH
HTH
VITL
VITL
Q1 26
13.0%
Q4 25
12.6%
7.6%
Q3 25
13.9%
8.3%
Q2 25
11.9%
9.0%
Q1 25
13.2%
10.4%
Q4 24
11.8%
6.4%
Q3 24
9.7%
5.1%
Q2 24
6.8%
11.1%
EPS (diluted)
HTH
HTH
VITL
VITL
Q1 26
$0.64
Q4 25
$0.68
$0.35
Q3 25
$0.74
$0.36
Q2 25
$0.57
$0.36
Q1 25
$0.65
$0.37
Q4 24
$0.55
$0.23
Q3 24
$0.46
$0.16
Q2 24
$0.31
$0.36

Balance Sheet & Financial Strength

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

Metric
HTH
HTH
VITL
VITL
Cash + ST InvestmentsLiquidity on hand
$48.8M
Total DebtLower is stronger
$990.8M
Stockholders' EquityBook value
$2.2B
$351.3M
Total Assets
$15.7B
$518.7M
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTH
HTH
VITL
VITL
Q1 26
Q4 25
$48.8M
Q3 25
$93.8M
Q2 25
$108.2M
Q1 25
$156.3M
Q4 24
$150.6M
Q3 24
$149.5M
Q2 24
$133.2M
Total Debt
HTH
HTH
VITL
VITL
Q1 26
$990.8M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
HTH
HTH
VITL
VITL
Q1 26
$2.2B
Q4 25
$2.2B
$351.3M
Q3 25
$2.2B
$331.2M
Q2 25
$2.2B
$309.8M
Q1 25
$2.2B
$288.9M
Q4 24
$2.2B
$269.3M
Q3 24
$2.2B
$253.4M
Q2 24
$2.1B
$238.4M
Total Assets
HTH
HTH
VITL
VITL
Q1 26
$15.7B
Q4 25
$15.8B
$518.7M
Q3 25
$15.6B
$481.5M
Q2 25
$15.4B
$430.8M
Q1 25
$15.8B
$376.9M
Q4 24
$16.3B
$359.3M
Q3 24
$15.9B
$344.7M
Q2 24
$15.6B
$320.5M
Debt / Equity
HTH
HTH
VITL
VITL
Q1 26
0.46×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTH
HTH
VITL
VITL
Q1 26
Q4 25
$-38.7M
$5.8M
Q3 25
$273.0M
$23.4M
Q2 25
$-234.6M
$-761.0K
Q1 25
$5.8M
$5.3M
Q4 24
$273.9M
$14.8M
Q3 24
$515.6M
$10.0M
Q2 24
$-435.3M
$16.1M
Free Cash Flow
HTH
HTH
VITL
VITL
Q1 26
Q4 25
$-55.5M
$-32.1M
Q3 25
$271.0M
$-10.6M
Q2 25
$-234.6M
$-7.6M
Q1 25
$5.0M
$2.1M
Q4 24
$266.8M
$-3.4M
Q3 24
$513.8M
$6.4M
Q2 24
$-437.3M
$10.5M
FCF Margin
HTH
HTH
VITL
VITL
Q1 26
Q4 25
-16.8%
-15.1%
Q3 25
82.1%
-5.3%
Q2 25
-77.4%
-4.1%
Q1 25
1.6%
1.3%
Q4 24
88.6%
-2.0%
Q3 24
168.2%
4.4%
Q2 24
-147.2%
7.2%
Capex Intensity
HTH
HTH
VITL
VITL
Q1 26
Q4 25
5.1%
17.8%
Q3 25
0.6%
17.1%
Q2 25
0.0%
3.7%
Q1 25
0.3%
1.9%
Q4 24
2.4%
10.9%
Q3 24
0.6%
2.5%
Q2 24
0.7%
3.8%
Cash Conversion
HTH
HTH
VITL
VITL
Q1 26
Q4 25
-0.93×
0.35×
Q3 25
5.96×
1.43×
Q2 25
-6.50×
-0.05×
Q1 25
0.14×
0.31×
Q4 24
7.71×
1.40×
Q3 24
17.36×
1.34×
Q2 24
-21.41×
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HTH
HTH

Noninterest Income$188.4M63%
Net Interest Income$112.1M37%

VITL
VITL

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

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