Mission Produce, Inc. (AVO) 10-Year Financial Performance & Capital Metrics

AVO • • Industrial / General

Consumer DefensiveFood DistributionFresh Produce & Avocado DistributionAvocado Growers & Distributors

AboutMission Produce, Inc. engages in sourcing, producing, packaging, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It also provides value-added services, including ripening, bagging, custom packing, and logistical management. The company serves retail, wholesale, and foodservice customers. The company was founded in 1983 and is headquartered in Oxnard, California.Show more

Revenue $1.39B +12.7%
EBITDA $106M +2.6%
Net Income $38M +2.7%
EPS (Diluted) 0.53 +1.9%
Gross Margin 11.55% -6.5%
EBITDA Margin 7.63% -8.9%
Operating Margin 5.14% -3.4%
Net Margin 2.71% -8.8%
ROE 6.3% -5.2%
ROIC 8.21% +22.9%
Debt/Equity 0.02 -93.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 10.0%
✓Trading at only 1.4x book value
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

✗Weak 3Y average ROE of 4.1%
✗Thin 5Y average net margin of 1.4%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y10.04%

3Y9.98%

TTM12.68%

Profit (Net Income) CAGR

10Y-

5Y5.53%

3Y-

TTM-2.58%

EPS CAGR

10Y-

5Y5.27%

3Y-

TTM18331.03%

ROCE

10Y Avg6.63%

5Y Avg4.18%

3Y Avg5.81%

Latest8.56%

Peer Comparison

Avocado Growers & Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AVOMission Produce, Inc.	870.61M	12.29	23.19	12.68%	2.71%	6.08%	4.27%	0.02
CVGWCalavo Growers, Inc.	457.93M	25.62	15.53	-1.98%	2.26%	7.52%	4.7%	0.11

Profit & Loss

	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Oct 2025
Sales/Revenue+	859.9M	883.3M	862.3M	891.7M	1.05B	953.9M	1.23B	1.39B
Revenue Growth %	-	0.03%	-0.02%	0.03%	0.17%	-0.09%	0.29%	0.13%
Cost of Goods Sold+	805.9M	728.63M	737.7M	767.2M	956.1M	870.6M	1.08B	1.23B
COGS % of Revenue	0.94%	0.82%	0.86%	0.86%	0.91%	0.91%	0.88%	0.88%
Gross Profit+	54M	154.68M	124.6M	124.5M	89.8M	83.3M	152.5M	160.7M
Gross Margin %	0.06%	0.18%	0.14%	0.14%	0.09%	0.09%	0.12%	0.12%
Gross Profit Growth %	-	1.86%	-0.19%	-0%	-0.28%	-0.07%	0.83%	0.05%
Operating Expenses+	35.3M	48.17M	56.2M	63.6M	127M	76.4M	86.8M	95.5M
OpEx % of Revenue	0.04%	0.05%	0.07%	0.07%	0.12%	0.08%	0.07%	0.07%
Selling, General & Admin	35.3M	48.17M	56.2M	62.4M	77.5M	76.4M	86.8M	95.5M
SG&A % of Revenue	0.04%	0.05%	0.07%	0.07%	0.07%	0.08%	0.07%	0.07%
Research & Development	300K	500K	400K	400K	0	0	0	0
R&D % of Revenue	0%	0%	0%	0%	-	-	-	-
Other Operating Expenses	-400K	-308K	-400K	800K	49.5M	0	0	0
Operating Income+	18.7M	106.51M	68.4M	60.9M	-37.2M	6.9M	65.7M	71.5M
Operating Margin %	0.02%	0.12%	0.08%	0.07%	-0.04%	0.01%	0.05%	0.05%
Operating Income Growth %	-	4.7%	-0.36%	-0.11%	-1.61%	1.19%	8.52%	0.09%
EBITDA+	28.14M	122.97M	86.5M	85.6M	-7.1M	39.7M	103.4M	106.1M
EBITDA Margin %	0.03%	0.14%	0.1%	0.1%	-0.01%	0.04%	0.08%	0.08%
EBITDA Growth %	-	3.37%	-0.3%	-0.01%	-1.08%	6.59%	1.6%	0.03%
D&A (Non-Cash Add-back)	9.44M	16.47M	18.1M	24.7M	30.1M	32.8M	37.7M	34.6M
EBIT	94.08M	106.32M	68.4M	69.7M	-25.7M	10.7M	73M	71.3M
Net Interest Income+	-4.7M	-8.6M	-4.3M	-2M	-3.8M	-10.1M	-10.5M	-7.7M
Interest Income	700K	1.7M	2.4M	1.7M	1.7M	1.5M	2.1M	1.7M
Interest Expense	5.4M	10.32M	6.7M	3.7M	5.5M	11.6M	12.6M	-9.4M
Other Income/Expense	69.9M	-10.5M	-24.6M	5.1M	6M	-7.8M	-5.3M	-9.6M
Pretax Income+	88.6M	96M	43.8M	66M	-31.2M	-900K	60.4M	61.9M
Pretax Margin %	0.1%	0.11%	0.05%	0.07%	-0.03%	-0%	0.05%	0.04%
Income Tax+	16.2M	24.3M	15M	21.1M	3.7M	2.2M	18.6M	21.4M
Effective Tax Rate %	0.82%	0.75%	0.66%	0.68%	1.11%	3.11%	0.61%	0.61%
Net Income+	72.4M	71.7M	28.8M	44.9M	-34.6M	-2.8M	36.7M	37.7M
Net Margin %	0.08%	0.08%	0.03%	0.05%	-0.03%	-0%	0.03%	0.03%
Net Income Growth %	-	-0.01%	-0.6%	0.56%	-1.77%	0.92%	14.11%	0.03%
Net Income (Continuing)	72.4M	71.7M	28.8M	44.9M	-34.9M	-3.1M	41.8M	40.5M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	20.8M	24.7M	29.8M	200K
EPS (Diluted)+	1.04	1.02	0.41	0.63	-0.49	-0.04	0.52	0.53
EPS Growth %	-	-0.02%	-0.6%	0.54%	-1.78%	0.92%	14.13%	0.02%
EPS (Basic)	1.04	1.02	0.41	0.64	-0.49	-0.04	0.52	0.53
Diluted Shares Outstanding	69.35M	70.55M	70.55M	71.07M	70.65M	70.75M	71.2M	71.33M
Basic Shares Outstanding	69.35M	70.55M	70.55M	70.58M	70.65M	70.75M	71.2M	71.13M
Dividend Payout Ratio	0.06%	0.08%	0.45%	-	-	-	-	-

Balance Sheet

	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Oct 2025
Total Current Assets+	156.9M	206.04M	248.1M	247.1M	228.1M	220.1M	279M	262.2M
Cash & Short-Term Investments	26.31M	64.01M	124M	84.5M	52.8M	42.9M	58M	64.8M
Cash Only	26.31M	64.01M	124M	84.5M	52.8M	42.9M	58M	64.8M
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	86.74M	87.1M	73.8M	86.1M	65.8M	86.5M	119.1M	106.6M
Days Sales Outstanding	36.82	35.99	31.24	35.24	22.96	33.1	35.21	27.97
Inventory	32.32M	44.9M	38.6M	48.2M	73.1M	70.8M	91.2M	80.6M
Days Inventory Outstanding	14.64	22.49	19.1	22.93	27.91	29.68	30.76	23.91
Other Current Assets	4.18M	20.8M	5M	19.4M	25.3M	10.8M	10.7M	10.2M
Total Non-Current Assets+	464.87M	483.41M	529.2M	626.4M	651.4M	694.7M	692.5M	720.8M
Property, Plant & Equipment	314.71M	330.32M	379.1M	468.1M	555.1M	595.6M	591.2M	609.9M
Fixed Asset Turnover	2.73x	2.67x	2.27x	1.90x	1.88x	1.60x	2.09x	2.28x
Goodwill	76.38M	76.38M	76.4M	76.4M	39.4M	39.4M	39.4M	39.4M
Intangible Assets	0	0	0	0	2M	500K	0	0
Long-Term Investments	58.75M	62.7M	46.7M	52.7M	27.1M	31M	33M	34.8M
Other Non-Current Assets	12.12M	11.01M	22.6M	21.6M	19.7M	19.7M	19.2M	26.5M
Total Assets+	621.77M	689.45M	777.3M	873.5M	879.5M	914.8M	971.5M	983M
Asset Turnover	1.38x	1.28x	1.11x	1.02x	1.19x	1.04x	1.27x	1.42x
Asset Growth %	-	0.11%	0.13%	0.12%	0.01%	0.04%	0.06%	0.01%
Total Current Liabilities+	68.31M	79.51M	77.9M	89.2M	101.7M	97.5M	149.1M	134.5M
Accounts Payable	14.57M	15.6M	20.5M	22.8M	34.4M	27.2M	35.3M	47.3M
Days Payables Outstanding	6.6	7.81	10.14	10.85	13.13	11.4	11.91	14.03
Short-Term Debt	8.05M	6.3M	9.6M	8.8M	6M	6.7M	6.6M	14.4M
Deferred Revenue (Current)	0	0	1000K	0	0	1000K	0	0
Other Current Liabilities	24.52M	31.31M	-7.2M	27.2M	25.1M	37.9M	50.3M	56M
Current Ratio	2.30x	2.59x	3.18x	2.77x	2.24x	2.26x	1.87x	1.95x
Quick Ratio	1.82x	2.03x	2.69x	2.23x	1.52x	1.53x	1.26x	1.35x
Cash Conversion Cycle	44.86	50.67	40.19	47.33	37.74	51.38	54.06	37.85
Total Non-Current Liabilities+	240.02M	230.9M	225.9M	250.1M	254.9M	289M	245.3M	228.6M
Long-Term Debt	192.4M	177.7M	166.7M	155.1M	136.9M	151.1M	112.5M	93.7M
Capital Lease Obligations	2.8M	4.56M	3.3M	44.7M	65.3M	85.7M	88.9M	89.5M
Deferred Tax Liabilities	27.1M	27.35M	27.8M	26.8M	29.4M	23.5M	16.6M	19.1M
Other Non-Current Liabilities	17.71M	45.21M	300K	23.5M	23.3M	28.7M	27.3M	26.3M
Total Liabilities	308.32M	310.42M	303.8M	339.3M	356.6M	386.5M	394.4M	363.1M
Total Debt+	203.66M	185.91M	178.6M	213.3M	214.1M	252.7M	217.3M	14.4M
Net Debt	177.34M	121.9M	54.6M	128.8M	161.3M	209.8M	159.3M	-50.4M
Debt / Equity	0.65x	0.49x	0.38x	0.40x	0.41x	0.48x	0.38x	0.02x
Debt / EBITDA	7.24x	1.51x	2.06x	2.49x	-	6.37x	2.10x	0.14x
Net Debt / EBITDA	6.30x	0.99x	0.63x	1.50x	-	5.28x	1.54x	-0.48x
Interest Coverage	3.46x	10.32x	10.21x	16.46x	-6.76x	0.59x	5.21x	-
Total Equity+	313.45M	379.03M	473.5M	534.2M	522.9M	528.3M	577.1M	620.1M
Equity Growth %	-	0.21%	0.25%	0.13%	-0.02%	0.01%	0.09%	0.07%
Book Value per Share	4.52	5.37	6.71	7.52	7.40	7.47	8.11	8.69
Total Shareholders' Equity	313.45M	379.03M	473.5M	534.2M	502.1M	503.6M	547.3M	619.9M
Common Stock	63K	63K	100K	100K	100K	100K	100K	100K
Retained Earnings	174.08M	239.31M	251.2M	309M	274.4M	271M	307.7M	339.3M
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	30K	79K	-500K	-500K	-1.7M	-900K	-200K	600K
Minority Interest	0	0	0	0	20.8M	24.7M	29.8M	200K

Cash Flow

	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Oct 2025
Cash from Operations+	32.7M	92.63M	78.9M	47M	35.2M	29.2M	93.4M	88.6M
Operating CF Margin %	0.04%	0.1%	0.09%	0.05%	0.03%	0.03%	0.08%	0.06%
Operating CF Growth %	-	1.83%	-0.15%	-0.4%	-0.25%	-0.17%	2.2%	-0.05%
Net Income	72.4M	71.7M	28.8M	44.9M	-34.9M	-3.1M	41.8M	40.5M
Depreciation & Amortization	9.4M	16.47M	18.1M	20.4M	24.8M	32.8M	37.7M	34.6M
Stock-Based Compensation	0	0	5M	2.6M	3.6M	4.5M	7.1M	8.8M
Deferred Taxes	6.3M	594K	-1M	8.8M	-600K	-6.4M	-8M	1.9M
Other Non-Cash Items	-68.81M	222K	20.1M	-2M	46.1M	7.6M	7.7M	10M
Working Capital Changes	13.4M	1.86M	7.9M	-27.7M	-3.8M	-6.2M	7.1M	-7.2M
Change in Receivables	6M	-2.66M	10.3M	-16.4M	10.6M	-7.2M	-21.2M	13.7M
Change in Inventory	4.2M	-12.23M	5.9M	-11.2M	-15.3M	3M	-19.3M	11.1M
Change in Payables	-1.5M	5.22M	8.2M	8.9M	9.4M	-8.9M	25.4M	12.3M
Cash from Investing+	-64.5M	-30.67M	-67.7M	-70.3M	-51.4M	-54.1M	-33.5M	-51.9M
Capital Expenditures	-27.2M	-29.71M	-67.3M	-73.4M	-61.2M	-49.8M	-32.2M	-51.4M
CapEx % of Revenue	0.03%	0.03%	0.08%	0.08%	0.06%	0.05%	0.03%	0.04%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	-5.7M	2.79M	3M	3.3M	2M	100K	-1.4M	-500K
Cash from Financing+	48.4M	-26.79M	50.1M	-11.5M	-21.8M	14.3M	-43.8M	-29.5M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	-4.5M	-5.6M	-13M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-2.2M	325K	-100K	0	900K	6.3M	-2M	-4.1M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	5.5M	62.92M	11.6M	-26.4M	-26M	-20.6M	61.2M	37.2M
FCF Margin %	0.01%	0.07%	0.01%	-0.03%	-0.02%	-0.02%	0.05%	0.03%
FCF Growth %	-	10.44%	-0.82%	-3.28%	0.02%	0.21%	3.97%	-0.39%
FCF per Share	0.08	0.89	0.16	-0.37	-0.37	-0.29	0.86	0.52
FCF Conversion (FCF/Net Income)	0.45x	1.29x	2.74x	1.05x	-1.02x	-10.43x	2.54x	2.35x
Interest Paid	5.5M	10.5M	6.3M	4.3M	5.7M	11.5M	12.2M	9.1M
Taxes Paid	8.4M	21.5M	18.5M	14.8M	6.2M	7.1M	19.6M	23M

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	23.1%	20.71%	6.76%	8.91%	-6.55%	-0.53%	6.64%	6.3%
Return on Invested Capital (ROIC)	2.86%	16.11%	9.97%	7.67%	-4.14%	0.73%	6.68%	8.21%
Gross Margin	6.28%	17.51%	14.45%	13.96%	8.59%	8.73%	12.35%	11.55%
Net Margin	8.42%	8.12%	3.34%	5.04%	-3.31%	-0.29%	2.97%	2.71%
Debt / Equity	0.65x	0.49x	0.38x	0.40x	0.41x	0.48x	0.38x	0.02x
Interest Coverage	3.46x	10.32x	10.21x	16.46x	-6.76x	0.59x	5.21x	-
FCF Conversion	0.45x	1.29x	2.74x	1.05x	-1.02x	-10.43x	2.54x	2.35x
Revenue Growth	-	2.72%	-2.38%	3.41%	17.29%	-8.8%	29.44%	12.68%

Revenue by Segment

	2021	2022	2023	2024	2025
Avocado	-	998.4M	851.1M	1.09B	1.2B
Avocado Growth	-	-	-14.75%	28.33%	9.48%
Blueberry	-	10.8M	-	75.7M	93.1M
Blueberry Growth	-	-	-	-	22.99%
Mango	-	17.5M	-	55.7M	86.2M
Mango Growth	-	-	-	-	54.76%
Other	-	19.2M	13.1M	11.1M	16.2M
Other Growth	-	-	-31.77%	-15.27%	45.95%
Marketing And Distribution	872M	-	-	-	-
Marketing And Distribution Growth	-	-	-	-	-
International Farming	104.6M	-	-	-	-
International Farming Growth	-	-	-	-	-

Revenue by Geography

	2021	2022	2023	2024	2025
UNITED STATES	-	854.7M	760.5M	1.02B	1.09B
UNITED STATES Growth	-	-	-11.02%	34.48%	6.57%
Non-US	217M	191.2M	193.4M	212M	301.3M
Non-US Growth	-	-11.89%	1.15%	9.62%	42.12%

Frequently Asked Questions

Valuation & Price

Mission Produce, Inc. (AVO) has a price-to-earnings (P/E) ratio of 23.2x. This is roughly in line with market averages.

Growth & Financials

Mission Produce, Inc. (AVO) reported $1.39B in revenue for fiscal year 2025. This represents a 62% increase from $859.9M in 2018.

Mission Produce, Inc. (AVO) grew revenue by 12.7% over the past year. This is steady growth.

Yes, Mission Produce, Inc. (AVO) is profitable, generating $37.7M in net income for fiscal year 2025 (2.7% net margin).

Dividend & Returns

Mission Produce, Inc. (AVO) has a return on equity (ROE) of 6.3%. This is below average, suggesting room for improvement.

Mission Produce, Inc. (AVO) generated $37.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Mission Produce, Inc. (AVO) 10-Year Financial Performance & Capital Metrics

AVO • • Industrial / General

Consumer DefensiveFood DistributionFresh Produce & Avocado DistributionAvocado Growers & Distributors

Revenue $1.39B +12.7%
EBITDA $106M +2.6%
Net Income $38M +2.7%
EPS (Diluted) 0.53 +1.9%
Gross Margin 11.55% -6.5%
EBITDA Margin 7.63% -8.9%
Operating Margin 5.14% -3.4%
Net Margin 2.71% -8.8%
ROE 6.3% -5.2%
ROIC 8.21% +22.9%
Debt/Equity 0.02 -93.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 10.0%
✓Trading at only 1.4x book value
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

✗Weak 3Y average ROE of 4.1%
✗Thin 5Y average net margin of 1.4%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y10.04%

3Y9.98%

TTM12.68%

Profit (Net Income) CAGR

10Y-

5Y5.53%

3Y-

TTM-2.58%

EPS CAGR

10Y-

5Y5.27%

3Y-

TTM18331.03%

ROCE

10Y Avg6.63%

5Y Avg4.18%

3Y Avg5.81%

Latest8.56%

Peer Comparison

Avocado Growers & Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AVOMission Produce, Inc.	870.61M	12.29	23.19	12.68%	2.71%	6.08%	4.27%	0.02
CVGWCalavo Growers, Inc.	457.93M	25.62	15.53	-1.98%	2.26%	7.52%	4.7%	0.11

Profit & Loss

	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Oct 2025
Sales/Revenue+	859.9M	883.3M	862.3M	891.7M	1.05B	953.9M	1.23B	1.39B
Revenue Growth %	-	0.03%	-0.02%	0.03%	0.17%	-0.09%	0.29%	0.13%
Cost of Goods Sold+	805.9M	728.63M	737.7M	767.2M	956.1M	870.6M	1.08B	1.23B
COGS % of Revenue	0.94%	0.82%	0.86%	0.86%	0.91%	0.91%	0.88%	0.88%
Gross Profit+	54M	154.68M	124.6M	124.5M	89.8M	83.3M	152.5M	160.7M
Gross Margin %	0.06%	0.18%	0.14%	0.14%	0.09%	0.09%	0.12%	0.12%
Gross Profit Growth %	-	1.86%	-0.19%	-0%	-0.28%	-0.07%	0.83%	0.05%
Operating Expenses+	35.3M	48.17M	56.2M	63.6M	127M	76.4M	86.8M	95.5M
OpEx % of Revenue	0.04%	0.05%	0.07%	0.07%	0.12%	0.08%	0.07%	0.07%
Selling, General & Admin	35.3M	48.17M	56.2M	62.4M	77.5M	76.4M	86.8M	95.5M
SG&A % of Revenue	0.04%	0.05%	0.07%	0.07%	0.07%	0.08%	0.07%	0.07%
Research & Development	300K	500K	400K	400K	0	0	0	0
R&D % of Revenue	0%	0%	0%	0%	-	-	-	-
Other Operating Expenses	-400K	-308K	-400K	800K	49.5M	0	0	0
Operating Income+	18.7M	106.51M	68.4M	60.9M	-37.2M	6.9M	65.7M	71.5M
Operating Margin %	0.02%	0.12%	0.08%	0.07%	-0.04%	0.01%	0.05%	0.05%
Operating Income Growth %	-	4.7%	-0.36%	-0.11%	-1.61%	1.19%	8.52%	0.09%
EBITDA+	28.14M	122.97M	86.5M	85.6M	-7.1M	39.7M	103.4M	106.1M
EBITDA Margin %	0.03%	0.14%	0.1%	0.1%	-0.01%	0.04%	0.08%	0.08%
EBITDA Growth %	-	3.37%	-0.3%	-0.01%	-1.08%	6.59%	1.6%	0.03%
D&A (Non-Cash Add-back)	9.44M	16.47M	18.1M	24.7M	30.1M	32.8M	37.7M	34.6M
EBIT	94.08M	106.32M	68.4M	69.7M	-25.7M	10.7M	73M	71.3M
Net Interest Income+	-4.7M	-8.6M	-4.3M	-2M	-3.8M	-10.1M	-10.5M	-7.7M
Interest Income	700K	1.7M	2.4M	1.7M	1.7M	1.5M	2.1M	1.7M
Interest Expense	5.4M	10.32M	6.7M	3.7M	5.5M	11.6M	12.6M	-9.4M
Other Income/Expense	69.9M	-10.5M	-24.6M	5.1M	6M	-7.8M	-5.3M	-9.6M
Pretax Income+	88.6M	96M	43.8M	66M	-31.2M	-900K	60.4M	61.9M
Pretax Margin %	0.1%	0.11%	0.05%	0.07%	-0.03%	-0%	0.05%	0.04%
Income Tax+	16.2M	24.3M	15M	21.1M	3.7M	2.2M	18.6M	21.4M
Effective Tax Rate %	0.82%	0.75%	0.66%	0.68%	1.11%	3.11%	0.61%	0.61%
Net Income+	72.4M	71.7M	28.8M	44.9M	-34.6M	-2.8M	36.7M	37.7M
Net Margin %	0.08%	0.08%	0.03%	0.05%	-0.03%	-0%	0.03%	0.03%
Net Income Growth %	-	-0.01%	-0.6%	0.56%	-1.77%	0.92%	14.11%	0.03%
Net Income (Continuing)	72.4M	71.7M	28.8M	44.9M	-34.9M	-3.1M	41.8M	40.5M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	20.8M	24.7M	29.8M	200K
EPS (Diluted)+	1.04	1.02	0.41	0.63	-0.49	-0.04	0.52	0.53
EPS Growth %	-	-0.02%	-0.6%	0.54%	-1.78%	0.92%	14.13%	0.02%
EPS (Basic)	1.04	1.02	0.41	0.64	-0.49	-0.04	0.52	0.53
Diluted Shares Outstanding	69.35M	70.55M	70.55M	71.07M	70.65M	70.75M	71.2M	71.33M
Basic Shares Outstanding	69.35M	70.55M	70.55M	70.58M	70.65M	70.75M	71.2M	71.13M
Dividend Payout Ratio	0.06%	0.08%	0.45%	-	-	-	-	-

Balance Sheet

	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Oct 2025
Total Current Assets+	156.9M	206.04M	248.1M	247.1M	228.1M	220.1M	279M	262.2M
Cash & Short-Term Investments	26.31M	64.01M	124M	84.5M	52.8M	42.9M	58M	64.8M
Cash Only	26.31M	64.01M	124M	84.5M	52.8M	42.9M	58M	64.8M
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	86.74M	87.1M	73.8M	86.1M	65.8M	86.5M	119.1M	106.6M
Days Sales Outstanding	36.82	35.99	31.24	35.24	22.96	33.1	35.21	27.97
Inventory	32.32M	44.9M	38.6M	48.2M	73.1M	70.8M	91.2M	80.6M
Days Inventory Outstanding	14.64	22.49	19.1	22.93	27.91	29.68	30.76	23.91
Other Current Assets	4.18M	20.8M	5M	19.4M	25.3M	10.8M	10.7M	10.2M
Total Non-Current Assets+	464.87M	483.41M	529.2M	626.4M	651.4M	694.7M	692.5M	720.8M
Property, Plant & Equipment	314.71M	330.32M	379.1M	468.1M	555.1M	595.6M	591.2M	609.9M
Fixed Asset Turnover	2.73x	2.67x	2.27x	1.90x	1.88x	1.60x	2.09x	2.28x
Goodwill	76.38M	76.38M	76.4M	76.4M	39.4M	39.4M	39.4M	39.4M
Intangible Assets	0	0	0	0	2M	500K	0	0
Long-Term Investments	58.75M	62.7M	46.7M	52.7M	27.1M	31M	33M	34.8M
Other Non-Current Assets	12.12M	11.01M	22.6M	21.6M	19.7M	19.7M	19.2M	26.5M
Total Assets+	621.77M	689.45M	777.3M	873.5M	879.5M	914.8M	971.5M	983M
Asset Turnover	1.38x	1.28x	1.11x	1.02x	1.19x	1.04x	1.27x	1.42x
Asset Growth %	-	0.11%	0.13%	0.12%	0.01%	0.04%	0.06%	0.01%
Total Current Liabilities+	68.31M	79.51M	77.9M	89.2M	101.7M	97.5M	149.1M	134.5M
Accounts Payable	14.57M	15.6M	20.5M	22.8M	34.4M	27.2M	35.3M	47.3M
Days Payables Outstanding	6.6	7.81	10.14	10.85	13.13	11.4	11.91	14.03
Short-Term Debt	8.05M	6.3M	9.6M	8.8M	6M	6.7M	6.6M	14.4M
Deferred Revenue (Current)	0	0	1000K	0	0	1000K	0	0
Other Current Liabilities	24.52M	31.31M	-7.2M	27.2M	25.1M	37.9M	50.3M	56M
Current Ratio	2.30x	2.59x	3.18x	2.77x	2.24x	2.26x	1.87x	1.95x
Quick Ratio	1.82x	2.03x	2.69x	2.23x	1.52x	1.53x	1.26x	1.35x
Cash Conversion Cycle	44.86	50.67	40.19	47.33	37.74	51.38	54.06	37.85
Total Non-Current Liabilities+	240.02M	230.9M	225.9M	250.1M	254.9M	289M	245.3M	228.6M
Long-Term Debt	192.4M	177.7M	166.7M	155.1M	136.9M	151.1M	112.5M	93.7M
Capital Lease Obligations	2.8M	4.56M	3.3M	44.7M	65.3M	85.7M	88.9M	89.5M
Deferred Tax Liabilities	27.1M	27.35M	27.8M	26.8M	29.4M	23.5M	16.6M	19.1M
Other Non-Current Liabilities	17.71M	45.21M	300K	23.5M	23.3M	28.7M	27.3M	26.3M
Total Liabilities	308.32M	310.42M	303.8M	339.3M	356.6M	386.5M	394.4M	363.1M
Total Debt+	203.66M	185.91M	178.6M	213.3M	214.1M	252.7M	217.3M	14.4M
Net Debt	177.34M	121.9M	54.6M	128.8M	161.3M	209.8M	159.3M	-50.4M
Debt / Equity	0.65x	0.49x	0.38x	0.40x	0.41x	0.48x	0.38x	0.02x
Debt / EBITDA	7.24x	1.51x	2.06x	2.49x	-	6.37x	2.10x	0.14x
Net Debt / EBITDA	6.30x	0.99x	0.63x	1.50x	-	5.28x	1.54x	-0.48x
Interest Coverage	3.46x	10.32x	10.21x	16.46x	-6.76x	0.59x	5.21x	-
Total Equity+	313.45M	379.03M	473.5M	534.2M	522.9M	528.3M	577.1M	620.1M
Equity Growth %	-	0.21%	0.25%	0.13%	-0.02%	0.01%	0.09%	0.07%
Book Value per Share	4.52	5.37	6.71	7.52	7.40	7.47	8.11	8.69
Total Shareholders' Equity	313.45M	379.03M	473.5M	534.2M	502.1M	503.6M	547.3M	619.9M
Common Stock	63K	63K	100K	100K	100K	100K	100K	100K
Retained Earnings	174.08M	239.31M	251.2M	309M	274.4M	271M	307.7M	339.3M
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	30K	79K	-500K	-500K	-1.7M	-900K	-200K	600K
Minority Interest	0	0	0	0	20.8M	24.7M	29.8M	200K

Cash Flow

	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Oct 2025
Cash from Operations+	32.7M	92.63M	78.9M	47M	35.2M	29.2M	93.4M	88.6M
Operating CF Margin %	0.04%	0.1%	0.09%	0.05%	0.03%	0.03%	0.08%	0.06%
Operating CF Growth %	-	1.83%	-0.15%	-0.4%	-0.25%	-0.17%	2.2%	-0.05%
Net Income	72.4M	71.7M	28.8M	44.9M	-34.9M	-3.1M	41.8M	40.5M
Depreciation & Amortization	9.4M	16.47M	18.1M	20.4M	24.8M	32.8M	37.7M	34.6M
Stock-Based Compensation	0	0	5M	2.6M	3.6M	4.5M	7.1M	8.8M
Deferred Taxes	6.3M	594K	-1M	8.8M	-600K	-6.4M	-8M	1.9M
Other Non-Cash Items	-68.81M	222K	20.1M	-2M	46.1M	7.6M	7.7M	10M
Working Capital Changes	13.4M	1.86M	7.9M	-27.7M	-3.8M	-6.2M	7.1M	-7.2M
Change in Receivables	6M	-2.66M	10.3M	-16.4M	10.6M	-7.2M	-21.2M	13.7M
Change in Inventory	4.2M	-12.23M	5.9M	-11.2M	-15.3M	3M	-19.3M	11.1M
Change in Payables	-1.5M	5.22M	8.2M	8.9M	9.4M	-8.9M	25.4M	12.3M
Cash from Investing+	-64.5M	-30.67M	-67.7M	-70.3M	-51.4M	-54.1M	-33.5M	-51.9M
Capital Expenditures	-27.2M	-29.71M	-67.3M	-73.4M	-61.2M	-49.8M	-32.2M	-51.4M
CapEx % of Revenue	0.03%	0.03%	0.08%	0.08%	0.06%	0.05%	0.03%	0.04%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	-5.7M	2.79M	3M	3.3M	2M	100K	-1.4M	-500K
Cash from Financing+	48.4M	-26.79M	50.1M	-11.5M	-21.8M	14.3M	-43.8M	-29.5M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	-4.5M	-5.6M	-13M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-2.2M	325K	-100K	0	900K	6.3M	-2M	-4.1M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	5.5M	62.92M	11.6M	-26.4M	-26M	-20.6M	61.2M	37.2M
FCF Margin %	0.01%	0.07%	0.01%	-0.03%	-0.02%	-0.02%	0.05%	0.03%
FCF Growth %	-	10.44%	-0.82%	-3.28%	0.02%	0.21%	3.97%	-0.39%
FCF per Share	0.08	0.89	0.16	-0.37	-0.37	-0.29	0.86	0.52
FCF Conversion (FCF/Net Income)	0.45x	1.29x	2.74x	1.05x	-1.02x	-10.43x	2.54x	2.35x
Interest Paid	5.5M	10.5M	6.3M	4.3M	5.7M	11.5M	12.2M	9.1M
Taxes Paid	8.4M	21.5M	18.5M	14.8M	6.2M	7.1M	19.6M	23M

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	23.1%	20.71%	6.76%	8.91%	-6.55%	-0.53%	6.64%	6.3%
Return on Invested Capital (ROIC)	2.86%	16.11%	9.97%	7.67%	-4.14%	0.73%	6.68%	8.21%
Gross Margin	6.28%	17.51%	14.45%	13.96%	8.59%	8.73%	12.35%	11.55%
Net Margin	8.42%	8.12%	3.34%	5.04%	-3.31%	-0.29%	2.97%	2.71%
Debt / Equity	0.65x	0.49x	0.38x	0.40x	0.41x	0.48x	0.38x	0.02x
Interest Coverage	3.46x	10.32x	10.21x	16.46x	-6.76x	0.59x	5.21x	-
FCF Conversion	0.45x	1.29x	2.74x	1.05x	-1.02x	-10.43x	2.54x	2.35x
Revenue Growth	-	2.72%	-2.38%	3.41%	17.29%	-8.8%	29.44%	12.68%

Revenue by Segment

	2021	2022	2023	2024	2025
Avocado	-	998.4M	851.1M	1.09B	1.2B
Avocado Growth	-	-	-14.75%	28.33%	9.48%
Blueberry	-	10.8M	-	75.7M	93.1M
Blueberry Growth	-	-	-	-	22.99%
Mango	-	17.5M	-	55.7M	86.2M
Mango Growth	-	-	-	-	54.76%
Other	-	19.2M	13.1M	11.1M	16.2M
Other Growth	-	-	-31.77%	-15.27%	45.95%
Marketing And Distribution	872M	-	-	-	-
Marketing And Distribution Growth	-	-	-	-	-
International Farming	104.6M	-	-	-	-
International Farming Growth	-	-	-	-	-

Revenue by Geography

	2021	2022	2023	2024	2025
UNITED STATES	-	854.7M	760.5M	1.02B	1.09B
UNITED STATES Growth	-	-	-11.02%	34.48%	6.57%
Non-US	217M	191.2M	193.4M	212M	301.3M
Non-US Growth	-	-11.89%	1.15%	9.62%	42.12%

Frequently Asked Questions

Valuation & Price

Mission Produce, Inc. (AVO) has a price-to-earnings (P/E) ratio of 23.2x. This is roughly in line with market averages.

Growth & Financials

Mission Produce, Inc. (AVO) reported $1.39B in revenue for fiscal year 2025. This represents a 62% increase from $859.9M in 2018.

Mission Produce, Inc. (AVO) grew revenue by 12.7% over the past year. This is steady growth.

Yes, Mission Produce, Inc. (AVO) is profitable, generating $37.7M in net income for fiscal year 2025 (2.7% net margin).

Dividend & Returns

Mission Produce, Inc. (AVO) has a return on equity (ROE) of 6.3%. This is below average, suggesting room for improvement.

Mission Produce, Inc. (AVO) generated $37.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.