VFF Consumer Defensive

Village Farms International, Inc.

$2.85+9.20%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Consumer Defensive
Industry: Farm Products
Country: United States
Market cap: 348.5M USD
Enterprise value: 276.4M USD
Full-time employees: 1,128

Overall health

Strength: growing faster than most peersgrowing faster than peers
Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 1.38 vs a peer median of 0.41)bigger price swings (beta 1.38 vs peers 0.41)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #180 of 761 consumer defensive companies (top 24%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Village Farms International reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Shareholders being diluted. Shares outstanding up 33% from December 2022 to August 2026.
Village Farms International had 33% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Village Farms International had 33% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Operating margin at a 6-year high. 13% in 2025, the best of the last 6 years.
Village Farms International kept 13% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
Investment surge. Capital spending 8.4% of revenue, up from 4.9% in 2022.
Village Farms International is spending 8.4% of revenue on facilities and equipment, up from 4.9% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

StockQuotient Score

64/ 100▼ 1 since Oct 27 close

Oct 5 64 → Nov 4 64

Valuation

Is the price right?

71/100

Moderate▼ 6 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 7.0% (existing holders diluted)

Valuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 77 → 71

Share price +10.0%-5
Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ EBITDA yield
▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield6.5%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.66Sector median: 0.0453 · MAD: 0.0301

EBITDA yield16.5%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 1.81Sector median: 0.0865 · MAD: 0.0435

Free cash flow yield-0.1%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.41Sector median: 0.0622 · MAD: 0.0441

Other data (not scored)

Book yield89.6%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5381 · MAD: 0.2865

Growth

Is it growing?

75/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth69.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.69Sector median: 0.0154 · MAD: 0.2529

3-year revenue growth-6.5%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -2.17Sector median: 0.0366 · MAD: 0.0470

Revenue growth15.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.15Sector median: 0.0278 · MAD: 0.0585

Profitability

Does it earn well?

67/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Free cash flow turned negative over the last 12 months

Why

Stronger than most peers on:

▲ Operating margin
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin15.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.52Sector median: 0.0759 · MAD: 0.0508

Return on assets5.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.51Sector median: 0.0396 · MAD: 0.0262

Return on invested capital10.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.35Sector median: 0.0766 · MAD: 0.0673

Other data (not scored)

Gross margin44.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3182 · MAD: 0.1263

Return on equity7.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0831 · MAD: 0.0675

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 43 → 42

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ Current ratio
▲ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.38

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -4.30Sector median: 0.4070 · MAD: 0.1690

Current ratio3.17×

SEC filings · latest balance sheetReported value33% base weight · Z-score 2.54Sector median: 1.5250 · MAD: 0.6460

Debt / equity0.13×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.82Sector median: 0.4234 · MAD: 0.3581

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Village Farms International

Is Village Farms International getting weaker?: Its latest SEC filing (Aug 10, 2026) got weaker in some ways: share count up 7.0%; free cash flow turned negative over the last 12 months. Its overall score is 64/100, down 1 since Oct 28, 2026.
How is Village Farms International valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 71/100 against 823 consumer defensive peers. EBITDA yield 16.5% vs a peer median of 8.7% (stronger than 84% of peers).EBITDA yield 16.5% vs peers 8.7% (stronger than 84% of peers). Free cash flow yield -0.1% vs a peer median of 6.2% (weaker than 100% of peers).Free cash flow yield -0.1% vs peers 6.2% (weaker than 100% of peers).
Is Village Farms International growing?: Yes, faster than most of its peers. Growth scores 75/100 against 823 consumer defensive peers. Earnings per share growth 69.4% vs a peer median of 1.5% (stronger than 89% of peers).Earnings per share growth 69.4% vs peers 1.5% (stronger than 89% of peers). 3-year revenue growth -6.5% vs a peer median of 3.7% (weaker than 90% of peers).3-year revenue growth -6.5% vs peers 3.7% (weaker than 90% of peers).
How profitable is Village Farms International?: More profitable than most of its peers. Profitability scores 67/100 against 823 consumer defensive peers. Operating margin 15.3% vs a peer median of 7.6% (stronger than 79% of peers).Operating margin 15.3% vs peers 7.6% (stronger than 79% of peers).
How risky is Village Farms International?: Moderate risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Current ratio 3.17× vs a peer median of 1.52× (stronger than 82% of peers).Current ratio 3.17× vs peers 1.52× (stronger than 82% of peers). Beta 1.38 vs a peer median of 0.41 (weaker than 100% of peers).Beta 1.38 vs peers 0.41 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Share count up 7.0% (existing holders diluted)
Free cash flow turned negative over the last 12 months

	Previous quarter	Latest quarter	Change
Revenue (12 months)	226.5M USD	230.6M USD	+1.8%
Net income (12 months)	42.1M USD	22.7M USD	−46.0%
Operating margin	14.5%	15.3%	+0.8 pts
Free cash flow (12 months)	18.9M USD	−429,000 USD	turned negative
Debt	35.7M USD	40.0M USD	+11.8%
Cash	50.5M USD	72.9M USD	+44.5%
Shares outstanding	114.3M	122.3M	+7.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Defensive · 91 companies

Valuations in Consumer Defensive are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
18% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −4% and earnings +7% (medians): prices and earnings moved broadly together.
Median price-to-sales is −58% vs the whole market, against a usual −39%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Defensive: too few Farm Products companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	16.9%	9.4%	29.4%	23.4%	40.6%	▲ 17 pts
Operating margin	-4.6%	-32.9%	-16.8%	-21.1%	12.6%	▲ 34 pts
Net margin	-3.4%	-34.5%	-21.3%	-18.3%	15.0%	▲ 33 pts
Return on assets (ROA)	-1.6%	-21.7%	-7.5%	-9.2%	7.7%	▲ 17 pts
Return on equity (ROE)	-2.2%	-33.4%	-11.6%	-14.1%	10.8%	▲ 25 pts
Free cash flow margin	-22.8%	-11.6%	1.0%	1.6%	18.5%	▲ 17 pts
Current ratio	2.72×	1.84×	2.10×	1.86×	2.64×	▲ 41%
Quick ratio	1.65×	0.86×	1.02×	1.20×	1.93×	▲ 60%
Debt to equity	0.16×	0.20×	0.16×	0.16×	0.11×	▼ 30%
Interest coverage	-4.31×	-29.78×	-6.10×	-12.28×	10.05×	▲ 182%

VFF price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 1.38 vs a peer median of 0.41)bigger price swings (beta 1.38 vs peers 0.41)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #180 of 761 consumer defensive companies (top 24%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

Village Farms International reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Shareholders being diluted. Shares outstanding up 33% from December 2022 to August 2026.

Village Farms International had 33% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Village Farms International had 33% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Operating margin at a 6-year high. 13% in 2025, the best of the last 6 years.

Village Farms International kept 13% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.

Investment surge. Capital spending 8.4% of revenue, up from 4.9% in 2022.

Village Farms International is spending 8.4% of revenue on facilities and equipment, up from 4.9% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Questions investors ask about Village Farms International

Is Village Farms International getting weaker?

Its latest SEC filing (Aug 10, 2026) got weaker in some ways: share count up 7.0%; free cash flow turned negative over the last 12 months. Its overall score is 64/100, down 1 since Oct 28, 2026.

How is Village Farms International valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 71/100 against 823 consumer defensive peers. EBITDA yield 16.5% vs a peer median of 8.7% (stronger than 84% of peers).EBITDA yield 16.5% vs peers 8.7% (stronger than 84% of peers). Free cash flow yield -0.1% vs a peer median of 6.2% (weaker than 100% of peers).Free cash flow yield -0.1% vs peers 6.2% (weaker than 100% of peers).

Is Village Farms International growing?

Yes, faster than most of its peers. Growth scores 75/100 against 823 consumer defensive peers. Earnings per share growth 69.4% vs a peer median of 1.5% (stronger than 89% of peers).Earnings per share growth 69.4% vs peers 1.5% (stronger than 89% of peers). 3-year revenue growth -6.5% vs a peer median of 3.7% (weaker than 90% of peers).3-year revenue growth -6.5% vs peers 3.7% (weaker than 90% of peers).

How profitable is Village Farms International?

More profitable than most of its peers. Profitability scores 67/100 against 823 consumer defensive peers. Operating margin 15.3% vs a peer median of 7.6% (stronger than 79% of peers).Operating margin 15.3% vs peers 7.6% (stronger than 79% of peers).

How risky is Village Farms International?

Moderate risk relative to 823 consumer defensive peers, judged on debt, liquidity and share-price swings. Current ratio 3.17× vs a peer median of 1.52× (stronger than 82% of peers).Current ratio 3.17× vs peers 1.52× (stronger than 82% of peers). Beta 1.38 vs a peer median of 0.41 (weaker than 100% of peers).Beta 1.38 vs peers 0.41 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

226.5M USD

230.6M USD

+1.8%

Net income (12 months)

42.1M USD

22.7M USD

−46.0%

Operating margin

14.5%

15.3%

+0.8 pts

Free cash flow (12 months)

18.9M USD

−429,000 USD

turned negative

Debt

35.7M USD

40.0M USD

+11.8%

Cash

50.5M USD

72.9M USD

+44.5%

Shares outstanding

114.3M

122.3M

+7.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

16.9%

9.4%

29.4%

23.4%

40.6%

▲ 17 pts

Operating margin

-4.6%

-32.9%

-16.8%

-21.1%

12.6%

▲ 34 pts

Net margin

-3.4%

-34.5%

-21.3%

-18.3%

15.0%

▲ 33 pts

Return on assets (ROA)

-1.6%

-21.7%

-7.5%

-9.2%

7.7%

▲ 17 pts

Return on equity (ROE)

-2.2%

-33.4%

-11.6%

-14.1%

10.8%

▲ 25 pts

Free cash flow margin

-22.8%

-11.6%

1.0%

1.6%

18.5%

▲ 17 pts

Current ratio

2.72×

1.84×

2.10×

1.86×

2.64×

▲ 41%

Quick ratio

1.65×

0.86×

1.02×

1.20×

1.93×

▲ 60%

Debt to equity

0.16×

0.20×

0.16×

0.11×

▼ 30%

Interest coverage

-4.31×

-29.78×

-6.10×

-12.28×

10.05×

▲ 182%