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Stock research / United States / AVO · Agricultural Services · Nasdaq

Mission Produce, Inc. (AVO)

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Mission Produce, Inc. (AVO) reported revenue of $450 million for Q3 FY2026, the quarter ended 31 July 2026, up 25.8% on the same quarter a year earlier. Net income was -$6 million, and diluted earnings per share $-0.08. The figures are the company's own, from the 10-Q it filed with the SEC on 8 September 2026.

Revenue$450 millionup 25.8%
Net income-$6 million
Diluted EPS$-0.08
QuarterQ3 FY2026ended 31 July 2026

Mission Produce (AVO) in brief

Mission Produce (AVO) reported revenue of $1.4 billion for fiscal 2025, the year ended 31 October 2025, up 12.7% on the year before.
Read moreNet income was $38 million and diluted earnings per share $0.53. Revenue was $1.2 billion in fiscal 2024, $954 million in fiscal 2023, $1.0 billion in fiscal 2022 and $892 million in fiscal 2021. Net income in the same years was $37 million, a loss of $3 million, a loss of $35 million and $45 million. Over the twelve months to 31 July 2026, Mission Produce reported revenue of $1.3 billion and net income of $2 million. Revenue grew 10.0% a year, compounded, over the five years to fiscal 2025. Mission Produce had 88 million shares outstanding at the latest filed count. At 31 July 2026 it carried $400 million of debt and $47 million of cash. At the close of 29 October 2026 the market cap of Mission Produce was $1.0 billion, 386.8 times its earnings over the last twelve months.

Ratios

From the filings

ROE0.2%
ROCE2.1%
Operating margin1.8%
Net margin0.1%
FCF margin-0.2%
Interest cover2.18
Debt to equity0.52
Cash conversion25.81
Share count, last 12 months24.2%
Sales CAGR, 3 years10.0%
Profit CAGR, 3 yearsn/a
EPS, TTM$0.03

At the close of 29 October 2026

Price$11.61
Market cap$1.0 billion
Stock P/E386.83
Price to book1.33
EV / EBITDA20.99
Dividend yieldn/a
Market cap / sales0.76
52-week high$15.34
52-week low$10.11
Price, 1 year3.2%
Price CAGR, 3 years7.2%
Price CAGR, 5 years-9.4%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Mission Produce, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
AVOgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on AVO

Dividends$0.21 a share in FY2020
Filings28 in twelve months: 20 current reports (8-K), about 7 regulation FD disclosure; 6 other events; 4 results of operations; 3 officer or director change; 3 material agreement
Planned insider sales6 Form 144 notices in twelve months, $16.7 million; latest 14 September 2026
Options tapeput/call 0.04 by open interest at the 29 October 2026 close; the straddle prices a 9.7% move to 20 November 2026
13F holders171 funds reported a position for the quarter to 30 June 2026; largest Rubric Capital Management LP
Insider trading13 sales and 44 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest5.2 million shares short, 4.56 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025 †Q3 FY2025 †Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue237217278313238214221261258259298324354334380358319279291450
Cost of revenue203216258271211204203233230230267287299303352313263247270405
Gross profit33.80.519.842.626.99.018.128.427.828.731.037.055.831.528.445.155.731.620.544.7
Gross margin14%0%7%14%11%4%8%11%11%11%10%11%16%9%7%13%17%11%7%10%
SG&A15.518.718.720.619.519.119.317.420.620.718.720.227.222.221.424.027.729.121.131.6
Operating income18.3-18.21.122.0-42.1-10.1-1.211.07.28.012.316.828.69.36.921.028.02.5-7.00.5
Operating margin8%-8%0%7%-18%-5%-1%4%3%3%4%5%8%3%2%6%9%1%-2%0%
Interest expense1.00.91.11.52.02.42.73.23.33.33.43.22.72.22.52.42.31.71.95.1
Pre-tax income22.7-15.93.223.3-41.8-12.3-2.98.55.84.110.416.629.39.44.719.828.01.0-8.7-5.2
Tax rate26%n/a25%23%n/an/an/a27%-3%51%33%27%29%34%36%27%40%110%n/an/a
Net income16.9-13.42.418.4-42.0-8.8-4.66.64.00.07.012.417.33.93.114.716.0-0.7-7.2-6.5
Net margin7%-6%1%6%-18%-4%-2%3%2%0%2%4%5%1%1%4%5%-0%-2%-1%
Diluted EPS$0.24-$0.19$0.03$0.26-$0.59-$0.12-$0.07$0.09$0.06$0.00$0.10$0.17$0.24$0.05$0.04$0.21$0.22-$0.01-$0.10-$0.08
Operating cash flow31.8-41.44.434.038.2-1.3-24.818.836.59.53.442.538.0-1.2-11.834.467.2-3.0-18.0-4.9
Capital expenditure12.120.98.212.919.217.617.312.12.89.97.87.66.914.813.211.811.611.911.09.1
Free cash flow19.7-62.3-3.821.119.0-18.9-42.16.733.7-0.4-4.434.931.1-16.0-25.022.655.6-14.9-29.0-14.0
Buybacksn/an/an/an/an/an/an/an/an/a0.00.00.00.00.35.20.00.60.02.27.2
Dividends paid0.00.00.00.00.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Shares outstanding71m71m71m71m71m71m71m71m71m71m71m71m71m71m71m71m71m71m71m88m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 7 fiscal years and the trailing twelve months

FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue8838628921,0469541,2351,3911,338
Cost of revenue7297387679568711,0821,2301,186
Gross profit15512512489.883.3152161152
Gross margin17.5%14.4%14.0%8.6%8.7%12.4%11.6%11.4%
Selling, general and administrative48.256.263.677.576.486.895.5110
Operating income10668.460.9-37.26.965.765.224.0
Operating margin12.1%7.9%6.8%-3.6%0.7%5.3%4.7%1.8%
Interest expense10.36.73.75.511.612.69.411.0
Pre-tax income96.043.866.0-31.2-0.960.461.915.1
Income tax24.315.021.13.72.218.621.411.6
Effective tax rate25.3%34.2%32.0%n/an/a30.8%34.6%76.8%
Net income71.728.844.9-34.6-2.836.737.71.6
Net margin8.1%3.3%5.0%-3.3%-0.3%3.0%2.7%0.1%
Diluted EPS$1.13$0.45$0.63-$0.49-$0.04$0.52$0.53$0.03
Filing10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Avocado8511,0921,19685.9%
Blueberry52.475.793.16.7%
Mango37.355.786.26.2%
Other13.111.116.21.2%
AvocadoBlueberryMangoOther
954FY20231,235FY20241,391FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
United States7601,0231,09078.3%
Rest of world19321230121.7%
United StatesRest of world
954FY20231,235FY20241,391FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow92.678.947.035.229.293.488.641.3
Capital expenditure29.767.373.461.249.832.251.443.6
Free cash flow62.911.6-26.4-26.0-20.661.237.2-2.3
Free cash flow margin7.1%1.3%-3.0%-2.5%-2.2%5.0%2.7%-0.2%
Cash from investing-30.7-67.7-70.3-51.4-54.1-33.5-51.9-291
Cash from financing-26.850.1-11.5-21.814.3-43.8-29.5251
Depreciation and amortisation16.518.120.424.832.837.734.641.3
Share-based compensation0.05.02.63.64.57.18.87.7
Buybacks0.91.90.00.00.60.06.110.0
Dividends paid5.613.00.00.0n/an/an/an/a
Dividend per share$0.09$0.21n/an/an/an/an/an/a
Diluted shares, weighted63m64m71m71m71m71m71m83m
Shares outstanding at period endn/a71m71m71m71m71m71m88m
Filing10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity379474534502504547587764
Non-controlling interestn/an/a0.020.824.729.832.635.8
Short-term borrowingsn/an/an/an/an/a3.0n/a0.0
Debtn/a174164143155114100400
Operating lease liabilitiesn/a0.042.563.971.067.467.575.6
Finance lease liabilitiesn/a3.32.21.414.721.522.024.9
Other liabilitiesn/a126131148146189173306
Total liabilities and equityn/a7778748809159729831,607
Owned
Fixed assetsn/a379424490523523542658
Goodwilln/a76.476.439.439.439.439.4268
Intangible assetsn/an/a0.02.00.50.00.0101
Cash and equivalents64.012484.552.842.958.064.847.1
Inventoryn/a38.648.273.170.891.280.6141
Other assetsn/a159240222238260256392
Total assetsn/a7778748809159729831,607
Filing10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a10.0%10.0%-6.2%
Profit growth, compoundedn/a5.5%n/a-95.9%
Return on equity, averagen/a2.8%4.2%6.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Mission Produce's revenue in fiscal 2025?

Mission Produce (AVO) reported revenue of $1.4 billion for fiscal 2025, the year ended 31 October 2025, up 12.7% on the year before.

How much did Mission Produce earn in fiscal 2025?

Net income was $38 million for fiscal 2025, and diluted earnings per share $0.53.

What is Mission Produce's P/E ratio?

At the close of 29 October 2026, Mission Produce traded at 386.8 times its earnings over the twelve months to 31 July 2026.

What is Mission Produce's market cap?

The market cap of Mission Produce was $1.0 billion at the close of 29 October 2026.

How much debt does Mission Produce have?

At 31 July 2026 Mission Produce carried $400 million of debt and $47 million of cash.

Peers: Agriculture

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Corteva, Inc. CTVA$7.7 billion7.604.0%n/a3.7%0.196.3%
Cal-Maine Foods Inc. CALM$2.9 billion49.652.3%0.7%-42.5%0.004.0%
Del Monte Corp. DMC$1.3 billion16.234.0%2.9%1.4%0.254.3%
Dole plc DOLE$1.2 billion21.214.5%1.7%8.3%0.78n/a
BrightView Holdings, Inc. BV$1.1 billionn/a1.6%3.5%1.4%0.71n/a
Mission Produce, Inc. AVO$1.0 billion386.830.2%1.8%-6.2%0.52n/a
1 company shares its SEC industry code (Agricultural Services); the rest are the names nearest in size in its wider industry, Agriculture, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q31 July 20268 September 2026EDGAR
10-Q30 April 20268 June 2026EDGAR
10-Q31 January 202612 March 2026EDGAR
10-K31 October 202518 December 2025EDGAR
10-Q31 July 20258 September 2025EDGAR
10-Q30 April 20255 June 2025EDGAR
10-Q31 January 202510 March 2025EDGAR
10-K31 October 202419 December 2024EDGAR
10-Q31 July 20249 September 2024EDGAR
10-Q30 April 20246 June 2024EDGAR