HIGHBuilt-inProduct / Revenue mix
93%
shell eggs
“10-K Item 1A: 'Shell eggs accounted for approximately 95% of our net revenue in fiscal 2023, 93% of our net revenue in fiscal 2024 and 93% of our net revenue in fiscal 2025.'”
VITL · Concentration risk · 10-K extracted
Vital Farms (VITL) concentration risks
Updated
The most significant concentration Vital Farms discloses is shell eggs at 93%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Vital Farms’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH3
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partyCustomer
62%
mainstream channel retailers
“10-K Item 1: 'The mainstream channel represented approximately 61%, 60% and 62% of our retail dollar sales in fiscal years 2023, 2024 and 2025, respectively.'”
HIGHOutside partySupplier
shell egg cartons
“10-K Item 1A: 'We source substantially all of our shell egg cartons from a sole source supplier, and any disruptions may impact our ability to sell our eggs.'”
MEDIUMOutside partyCustomer
limited number of distributors
“10-K Item 1A: 'A limited number of distributors represent a substantial portion of our sales, and disruptions affecting our significant distributors or our relationships with such distributors may adversely affect our results of operations.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Vital Farms carries a genuinely high-share concentration profile across product, customer, and supply. Shell eggs are effectively the business: they accounted for approximately 95% of net revenue in fiscal 2023, 93% in fiscal 2024, and 93% in fiscal 2025 — a structural exposure to one product category. On the customer side, the mainstream retail channel represented 61%, 60%, and 62% of retail dollar sales across fiscal 2023, 2024, and 2025 respectively — a high-share dependency that has held roughly steady. Supply is tighter still: the company sources substantially all of its shell egg cartons from a single sole-source supplier, a high-share dependency where any disruption could directly threaten the ability to sell product. A fourth exposure — a limited number of distributors representing a substantial portion of sales — is a medium-share dependency layered on top. None of these is a one-off: together they describe a single-product company whose retail channel, packaging supply, and distribution are all concentrated, so a shock to any one high-share link would be difficult for the others to absorb.
For the engine’s reasoning on VITL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Farm Products
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| VITL● | Vital Farms, Inc. | 3 | 1 | 0 | 4 |
| BG | Bunge Limited | 2 | 1 | 0 | 3 |
| CALM | Cal-Maine Foods, Inc. | 1 | 2 | 0 | 3 |
| ADM | Archer-Daniels-Midland Company | 0 | 0 | 0 | 0 |
| DMC | 67023 | 0 | 0 | 0 | 0 |
| DOLE | Dole plc | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.