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Mission Produce, Inc.

Mission Produce, Inc.

NASDAQ•AVO
CEO: Mr. Stephen J. Barnard
Sector: Consumer Defensive
Industry: Food Distribution
Listing Date: 2020-10-02
Mission Produce, Inc. engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries. It also provides ripening, bagging, custom packing, logistical management, and quality assurance services. In addition, the company offers merchandising and promotional support, and insights on market trends, and training services. Mission Produce, Inc. was founded in 1983 and is headquartered in Oxnard, California.
Contact Information
2710 Camino Del Sol, Oxnard, CA, 93030, United States
805-981-3650
missionproduce.com
Market Cap
$849.55M
P/E (TTM)
21.6
27.4
Dividend Yield
--
52W High
$15.25
52W Low
$9.56
52W Range
43%
Rank45Top 43.2%
4.0
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2024

Financial Dashboard

Q3 2025 Data

Revenue

$357.70M+10.40%
4-Quarter Trend

EPS

$0.21+23.53%
4-Quarter Trend

FCF

$22.60M-35.24%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Sales Grew 22% Total net sales reached $1.07B USD for nine months ended July 31, 2025, driven by Marketing & Distribution segment volume increases.
International Farming EBITDA Soars International Farming adjusted EBITDA increased 711% to $15.4M USD, fueled by higher yield from owned avocado orchards and packing services.
Net Income Increased Net income attributable to Mission Produce grew to $21.7M USD for nine months, up from $19.4M USD in the prior year period.
Operating Cash Flow Dropped Net cash provided by operating activities fell to $21.4M USD, reflecting $40.6M USD tied up in working capital requirements.

Risk Factors

Gross Margin Compression Gross profit percentage decreased 120 basis points to 9.8% due to lower per-unit margins in Marketing & Distribution segment results.
Tariff Impact Potential New 10% tariffs on Peruvian fruit pose adverse impact risk on gross profit if costs cannot be effectively passed to customers.
Working Capital Strain Operating cash flow decreased $34.0M USD due to higher inventory balances resulting from increased International Farming production timing.
Uncertain Litigation Exposure Multiple material lawsuits are ongoing; the Company cannot estimate the amount or range of loss contingency accrual at this time.

Outlook

FY2025 Capital Spending Expect total capital expenditures between $50M USD and $55M USD for fiscal 2025, focused on International Farming and Blueberries segments.
Debt Covenants Compliance Company remains compliant with leverage ratio (max 3.5:1.00) and fixed charge coverage ratios as of the July 31, 2025 balance sheet date.
Trade Policy Monitoring Actively strategizing pricing alignment due to potential future changes in U.S. or global trade policies impacting foreign fruit costs.
Credit Facility Available Syndicated credit facility has $250M USD total borrowing capacity; Company maintains adequate liquidity resources for operations.

Peer Comparison

Revenue (TTM)

Herbalife Ltd.HLF
$4.96B
-0.8%
TreeHouse Foods, Inc.THS
$3.34B
-0.7%
Edgewell Personal Care CompanyEPC
$2.22B
-1.3%

Gross Margin (Latest Quarter)

Herbalife Ltd.HLF
78.0%
+2.8pp
Lincoln Educational Services CorporationLINC
59.8%
+4.1pp
American Public Education, Inc.APEI
49.3%
+2.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
HLF$1.25B3.8-41.2%85.7%
THS$1.20B-5.0-16.5%43.2%
AVO$849.55M21.66.8%23.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.3%
Moderate Growth
4Q Net Income CAGR
-5.3%
Declining Profitability
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Jul 31, 2025|Filed: Sep 8, 2025|
    Revenue: $357.70M+10.4%
    |
    EPS: $0.21+23.5%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Apr 30, 2025|Filed: Jun 5, 2025|
    Revenue: $380.30M+27.8%
    |
    EPS: $0.04-55.8%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Jan 31, 2025|Filed: Mar 10, 2025|
    Revenue: $334.20M+29.2%
    |
    EPS: $0.06+112.0%
    Beat

  • Form 10-K - FY 2024

    Period End: Oct 31, 2024|Filed: Dec 19, 2024|
    Revenue: $1.23B+29.4%
    |
    EPS: $0.52+1413.1%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Jul 31, 2024|Filed: Sep 9, 2024|
    Revenue: $324.00M+23.9%
    |
    EPS: $0.17+82.4%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Apr 30, 2024|Filed: Jun 6, 2024|
    Revenue: $297.60M+34.6%
    |
    EPS: $0.10-248.8%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Jan 31, 2024|Filed: Mar 11, 2024|
    Revenue: $258.70M+21.2%
    |
    EPS: $0.03-118.9%
    Beat

  • Form 10-K - FY 2023

    Period End: Oct 31, 2023|Filed: Dec 21, 2023|
    Revenue: $953.90M-8.8%
    |
    EPS: $-0.04+91.9%
    Miss