Mission Produce, Inc.
AVO Nasdaq Agricultural Services Financials FY2019–FY2025
Last close · Oct 23, 2026
$11.69
1.1%
Revenue
Total sales reported in the income statement.
$1.4B
12.7%
vs prior year
Operating margin
Operating income as a share of revenue.
4.7%
0.6 pts
Net income
Profit after all expenses, interest and tax.
$37.7M
2.7%
Free cash flow
Cash from operations minus capital spending.
$37.2M
39.2%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
6.8%
0.7 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$968M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $0.04 EPS (TTM)
What Mission Produce, Inc. does
No business description yet.
- Legal name
- Mission Produce, Inc.
- Fiscal year ends
- October 31, 2025
- Latest annual report
- 10-K · Dec 18, 2025
- Accession · CIK
- 0001802974-25-000048
0001802974
Revenue and margins
Mission Produce, Inc. had $1.4B of revenue in fiscal 2025, up 12.7% on the year before.
FY19
Revenue $883M
FY20
Revenue $862M
FY21
Revenue $892M
FY22
Revenue $1.0B
FY23
Revenue $954M
FY24
Revenue $1.2B
FY25
Revenue $1.4B
Q4 '23
Revenue $258M
Q1 '24
Revenue $259M
Q2 '24
Revenue $298M
Q3 '24
Revenue $324M
Q4 '24
Revenue $354M
Q1 '25
Revenue $334M
Q2 '25
Revenue $380M
Q3 '25
Revenue $358M
Q4 '25
Revenue $319M
Q1 '26
Revenue $279M
Q2 '26
Revenue $291M
Q3 '26
Revenue $450M
FY19
Gross 17.5%
Operating 12.1%
Net 8.1%
FCF 7.1%
FY20
Gross 14.4%
Operating 7.9%
Net 3.3%
FCF 1.3%
FY21
Gross 14.0%
Operating 6.8%
Net 5.0%
FCF −3.0%
FY22
Gross 8.6%
Operating −3.6%
Net −3.3%
FCF −2.5%
FY23
Gross 8.7%
Operating 0.7%
Net −0.3%
FCF −2.2%
FY24
Gross 12.4%
Operating 5.3%
Net 3.0%
FCF 5.0%
FY25
Gross 11.6%
Operating 4.7%
Net 2.7%
FCF 2.7%
Gross
Operating
Net
FCF
Q4 '23
Gross 10.8%
Operating 2.8%
Net 1.6%
FCF 13.1%
Q1 '24
Gross 11.1%
Operating 3.1%
Net 0.0%
FCF −0.2%
Q2 '24
Gross 10.4%
Operating 4.1%
Net 2.4%
FCF −1.5%
Q3 '24
Gross 11.4%
Operating 5.2%
Net 3.8%
FCF 10.8%
Q4 '24
Gross 15.7%
Operating 8.1%
Net 4.9%
FCF 8.8%
Q1 '25
Gross 9.4%
Operating 2.8%
Net 1.2%
FCF −4.8%
Q2 '25
Gross 7.5%
Operating 1.8%
Net 0.8%
FCF −6.6%
Q3 '25
Gross 12.6%
Operating 5.9%
Net 4.1%
FCF 6.3%
Q4 '25
Gross 17.5%
Operating 8.8%
Net 5.0%
FCF 17.4%
Q1 '26
Gross 11.3%
Operating 0.9%
Net −0.3%
FCF −5.3%
Q2 '26
Gross 7.0%
Operating −2.4%
Net −2.5%
FCF −10.0%
Q3 '26
Gross 9.9%
Operating 0.1%
Net −1.4%
FCF −3.1%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2019 to 2025, diluted EPS grew −11.9% a year. Loss periods are shown in red.
FY19
Net income $71.7M
FY20
Net income $28.8M
FY21
Net income $44.9M
FY22
Net income −$34.6M
FY23
Net income −$2.8M
FY24
Net income $36.7M
FY25
Net income $37.7M
Q4 '23
Net income $4.0M
Q1 '24
Net income $0.0M
Q2 '24
Net income $7.0M
Q3 '24
Net income $12.4M
Q4 '24
Net income $17.3M
Q1 '25
Net income $3.9M
Q2 '25
Net income $3.1M
Q3 '25
Net income $14.7M
Q4 '25
Net income $16.0M
Q1 '26
Net income −$0.7M
Q2 '26
Net income −$7.2M
Q3 '26
Net income −$6.5M
FY19
Diluted EPS $1.13
FY20
Diluted EPS $0.45
FY21
Diluted EPS $0.63
FY22
Diluted EPS −$0.49
FY23
Diluted EPS −$0.04
FY24
Diluted EPS $0.52
FY25
Diluted EPS $0.53
Q4 '23
Diluted EPS $0.06
Q1 '24
Diluted EPS $0.00
Q2 '24
Diluted EPS $0.10
Q3 '24
Diluted EPS $0.17
Q4 '24
Diluted EPS $0.25
Q1 '25
Diluted EPS $0.05
Q2 '25
Diluted EPS $0.04
Q3 '25
Diluted EPS $0.21
Q4 '25
Diluted EPS $0.23
Q1 '26
Diluted EPS −$0.01
Q2 '26
Diluted EPS −$0.10
Q3 '26
Diluted EPS −$0.08
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY19
Return on capital —
Return on equity 18.9%
Return on assets —
FY20
Return on capital 8.6%
Return on equity 6.8%
Return on assets 3.7%
FY21
Return on capital 6.8%
Return on equity 8.9%
Return on assets 5.4%
FY22
Return on capital −5.0%
Return on equity −6.7%
Return on assets −3.9%
FY23
Return on capital 0.9%
Return on equity −0.6%
Return on assets −0.3%
FY24
Return on capital 7.5%
Return on equity 7.0%
Return on assets 3.9%
FY25
Return on capital 6.8%
Return on equity 6.6%
Return on assets 3.9%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $37.2M in fiscal 2025, 2.7% of revenue. Cash from operations minus capital spending.
FY19
Free cash flow $62.9M
FY20
Free cash flow $11.6M
FY21
Free cash flow −$26.4M
FY22
Free cash flow −$26.0M
FY23
Free cash flow −$20.6M
FY24
Free cash flow $61.2M
FY25
Free cash flow $37.2M
Q4 '23
Free cash flow $33.7M
Q1 '24
Free cash flow −$0.4M
Q2 '24
Free cash flow −$4.4M
Q3 '24
Free cash flow $34.9M
Q4 '24
Free cash flow $31.1M
Q1 '25
Free cash flow −$16.0M
Q2 '25
Free cash flow −$25.0M
Q3 '25
Free cash flow $22.6M
Q4 '25
Free cash flow $55.6M
Q1 '26
Free cash flow −$14.9M
Q2 '26
Free cash flow −$29.0M
Q3 '26
Free cash flow −$14.0M
FY19
Cash from operations $92.6M
Capital spending $29.7M
FY20
Cash from operations $78.9M
Capital spending $67.3M
FY21
Cash from operations $47.0M
Capital spending $73.4M
FY22
Cash from operations $35.2M
Capital spending $61.2M
FY23
Cash from operations $29.2M
Capital spending $49.8M
FY24
Cash from operations $93.4M
Capital spending $32.2M
FY25
Cash from operations $88.6M
Capital spending $51.4M
Cash from operations
Capital spending
Q4 '23
Cash from operations $36.5M
Capital spending $2.8M
Q1 '24
Cash from operations $9.5M
Capital spending $9.9M
Q2 '24
Cash from operations $3.4M
Capital spending $7.8M
Q3 '24
Cash from operations $42.5M
Capital spending $7.6M
Q4 '24
Cash from operations $38.0M
Capital spending $6.9M
Q1 '25
Cash from operations −$1.2M
Capital spending $14.8M
Q2 '25
Cash from operations −$11.8M
Capital spending $13.2M
Q3 '25
Cash from operations $34.4M
Capital spending $11.8M
Q4 '25
Cash from operations $67.2M
Capital spending $11.6M
Q1 '26
Cash from operations −$3.0M
Capital spending $11.9M
Q2 '26
Cash from operations −$18.0M
Capital spending $11.0M
Q3 '26
Cash from operations −$4.9M
Capital spending $9.1M
Cash from operations
Capital spending
Dividends, buybacks and share count
Mission Produce, Inc. returned $6.1M to shareholders in fiscal 2025, 16% of free cash flow. The diluted share count rose 0.5%.
FY19
Dividends $5.6M
Buybacks $0.9M
FY20
Dividends $13.0M
Buybacks $1.9M
FY21
Dividends $0.0M
Buybacks $0.0M
FY22
Dividends $0.0M
Buybacks $0.0M
FY23
Dividends —
Buybacks $0.6M
FY24
Dividends —
Buybacks $0.0M
FY25
Dividends —
Buybacks $6.1M
Dividends
Buybacks
Q4 '23
Dividends —
Buybacks —
Q1 '24
Dividends —
Buybacks $0.0M
Q2 '24
Dividends —
Buybacks $0.0M
Q3 '24
Dividends —
Buybacks $0.0M
Q4 '24
Dividends —
Buybacks $0.0M
Q1 '25
Dividends —
Buybacks $0.3M
Q2 '25
Dividends —
Buybacks $5.2M
Q3 '25
Dividends —
Buybacks $0.0M
Q4 '25
Dividends —
Buybacks $0.6M
Q1 '26
Dividends —
Buybacks $0.0M
Q2 '26
Dividends —
Buybacks $2.2M
Q3 '26
Dividends —
Buybacks $7.2M
Dividends
Buybacks
FY19
Diluted shares 0.06B
FY20
Diluted shares 0.06B
FY21
Diluted shares 0.07B
FY22
Diluted shares 0.07B
FY23
Diluted shares 0.07B
FY24
Diluted shares 0.07B
FY25
Diluted shares 0.07B
Balance sheet
Cash, debt and the ratios that show how comfortably Mission Produce, Inc. can carry it.
FY19
Cash $64.0M
Debt —
FY20
Cash $124M
Debt $180M
FY21
Cash $84.5M
Debt $167M
FY22
Cash $52.8M
Debt $146M
FY23
Cash $42.9M
Debt $172M
FY24
Cash $58.0M
Debt $141M
FY25
Cash $64.8M
Debt $125M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $84.5M | $52.8M | $42.9M | $58.0M | $64.8M |
| Debt incl. finance leases | $167M | $146M | $172M | $141M | $125M |
| Net debt / EBITDA | 1.0x | — | 3.3x | 0.8x | 0.6x |
| Debt / equity | 0.3x | 0.3x | 0.3x | 0.2x | 0.2x |
| Interest coverage | 16.5x | −6.8x | 0.6x | 5.2x | 6.9x |
| Current ratio | 2.8x | 2.2x | 2.3x | 1.9x | 1.9x |
| Quick ratio | 2.2x | 1.5x | 1.5x | 1.3x | 1.4x |
| Total assets | $874M | $880M | $915M | $972M | $983M |
| Total liabilities | $339M | $357M | $387M | $394M | $363M |
| Shareholders' equity | $534M | $502M | $504M | $547M | $587M |
| Net debt (− = net cash) | $82.7M | $92.7M | $129M | $83.1M | $60.6M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✓ | ✕ | ✓ | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | ✓ | ✓ | ✕ | ✓ | ✓ |
| Current ratio rose | — | — | ✕ | ✕ | ✓ | ✕ | ✓ |
| Share count didn't rise | — | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ |
| Gross margin rose | — | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ |
| Revenue rose relative to assets | — | — | ✕ | ✓ | ✕ | ✓ | ✓ |
| F-score | — / 3 | — / 5 | 5 / 9 | 5 / 9 | 5 / 9 | 7 / 9 | 7 / 9 |
| Accruals ratio | — | −6.4% | −0.3% | −8.0% | −3.6% | −6.0% | −5.2% |
| Altman Z'' | — | 4.72 | 4.46 | 3.15 | 3.26 | 3.82 | 4.12 |
7 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $883M | $862M | $892M | $1.0B | $954M | $1.2B | $1.4B |
| Gross profit | $155M | $125M | $125M | $89.8M | $83.3M | $153M | $161M |
| Operating income | $107M | $68.4M | $60.9M | −$37.2M | $6.9M | $65.7M | $65.2M |
| Interest expense | $10.3M | $6.7M | $3.7M | $5.5M | $11.6M | $12.6M | $9.4M |
| Pretax income | $96.0M | $43.8M | $66.0M | −$31.2M | −$0.9M | $60.4M | $61.9M |
| Income tax | $24.3M | $15.0M | $21.1M | $3.7M | $2.2M | $18.6M | $21.4M |
| Net income | $71.7M | $28.8M | $44.9M | −$34.6M | −$2.8M | $36.7M | $37.7M |
| Diluted EPS | $1.13 | $0.45 | $0.63 | −$0.49 | −$0.04 | $0.52 | $0.53 |
| Diluted shares | 0.06B | 0.06B | 0.07B | 0.07B | 0.07B | 0.07B | 0.07B |
| Cash flow | |||||||
| Cash from operations | $92.6M | $78.9M | $47.0M | $35.2M | $29.2M | $93.4M | $88.6M |
| Capital expenditure | $29.7M | $67.3M | $73.4M | $61.2M | $49.8M | $32.2M | $51.4M |
| Free cash flow | $62.9M | $11.6M | −$26.4M | −$26.0M | −$20.6M | $61.2M | $37.2M |
| Depreciation and amortization | $16.5M | $18.1M | $20.4M | $24.8M | $32.8M | $37.7M | $34.6M |
| Stock-based compensation | $0.0M | $5.0M | $2.6M | $3.6M | $4.5M | $7.1M | $8.8M |
| Share buybacks | $0.9M | $1.9M | $0.0M | $0.0M | $0.6M | $0.0M | $6.1M |
| Dividends paid | $5.6M | $13.0M | $0.0M | $0.0M | — | — | — |
| Dividends and buybacks | $6.5M | $14.9M | $0.0M | $0.0M | $0.6M | $0.0M | $6.1M |
| Balance sheet | |||||||
| Cash and short-term investments | $64.0M | $124M | $84.5M | $52.8M | $42.9M | $58.0M | $64.8M |
| Total debt | — | $174M | $164M | $143M | $155M | $117M | $100M |
| Finance lease liabilities | — | $5.7M | $3.3M | $2.6M | $17.3M | $24.4M | $25.1M |
| Current assets | — | $248M | $247M | $228M | $220M | $279M | $262M |
| Current liabilities | — | $77.9M | $89.2M | $102M | $97.5M | $149M | $135M |
| Inventory | — | $38.6M | $48.2M | $73.1M | $70.8M | $91.2M | $80.6M |
| Property and equipment, net | — | $379M | $424M | $490M | $523M | $523M | $542M |
| Goodwill | — | $76.4M | $76.4M | $39.4M | $39.4M | $39.4M | $39.4M |
| Intangible assets | — | — | $0.0M | $2.0M | $0.5M | $0.0M | $0.0M |
| Total assets | — | $777M | $874M | $880M | $915M | $972M | $983M |
| Total liabilities | — | $304M | $339M | $357M | $387M | $394M | $363M |
| Shareholders' equity | $379M | $474M | $534M | $502M | $504M | $547M | $587M |
| Margins | |||||||
| Gross margin | 17.5% | 14.4% | 14.0% | 8.6% | 8.7% | 12.4% | 11.6% |
| Operating margin | 12.1% | 7.9% | 6.8% | −3.6% | 0.7% | 5.3% | 4.7% |
| EBITDA margin | 13.9% | 10.0% | 9.1% | −1.2% | 4.2% | 8.4% | 7.2% |
| Net margin | 8.1% | 3.3% | 5.0% | −3.3% | −0.3% | 3.0% | 2.7% |
| FCF margin | 7.1% | 1.3% | −3.0% | −2.5% | −2.2% | 5.0% | 2.7% |
| Returns | |||||||
| Return on capital | — | 8.6% | 6.8% | −5.0% | 0.9% | 7.5% | 6.8% |
| Return on capital employed | — | 9.8% | 7.8% | −4.8% | 0.8% | 8.0% | 7.7% |
| Return on equity | 18.9% | 6.8% | 8.9% | −6.7% | −0.6% | 7.0% | 6.6% |
| Return on assets | — | 3.7% | 5.4% | −3.9% | −0.3% | 3.9% | 3.9% |
| Return on tangible equity | 18.9% | 7.3% | 9.8% | −7.5% | −0.6% | 7.2% | 6.9% |
| Growth | |||||||
| Revenue growth | — | −2.4% | 3.4% | 17.3% | −8.8% | 29.4% | 12.7% |
| Net income growth | — | −59.8% | 55.9% | −177.1% | — | — | 2.7% |
| EPS growth | — | −60.2% | 40.0% | −177.8% | — | — | 1.9% |
| FCF growth | — | −81.6% | −327.6% | — | — | — | −39.2% |
| Share count change | — | 0.3% | 11.6% | −0.6% | 0.1% | 0.4% | 0.5% |
| Financial health | |||||||
| Net debt / EBITDA | — | 0.6x | 1.0x | — | 3.3x | 0.8x | 0.6x |
| Debt / equity | — | 0.4x | 0.3x | 0.3x | 0.3x | 0.2x | 0.2x |
| Interest coverage | 10.3x | 10.2x | 16.5x | −6.8x | 0.6x | 5.2x | 6.9x |
| Current ratio | — | 3.2x | 2.8x | 2.2x | 2.3x | 1.9x | 1.9x |
| Quick ratio | — | 2.7x | 2.2x | 1.5x | 1.5x | 1.3x | 1.4x |
| Capital allocation | |||||||
| Capex / revenue | 3.4% | 7.8% | 8.2% | 5.9% | 5.2% | 2.6% | 3.7% |
| Stock comp / revenue | 0.0% | 0.6% | 0.3% | 0.3% | 0.5% | 0.6% | 0.6% |
| Payouts / FCF | 10.3% | 128.4% | — | — | — | 0.0% | 16.4% |
| Quality scores | |||||||
| Piotroski F-score | — | — | 5.0 | 5.0 | 5.0 | 7.0 | 7.0 |
| Altman Z'' | — | 4.7 | 4.5 | 3.2 | 3.3 | 3.8 | 4.1 |
| Accruals ratio | — | −6.4% | −0.3% | −8.0% | −3.6% | −6.0% | −5.2% |
Source: SEC EDGAR XBRL filings (CIK 0001802974). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.