Mission Produce (AVO) Financials

$10.21 +0.25 (+2.51%)

As of 04/14/2025 04:00 PM Eastern

Annual Income Statements for Mission Produce

This table shows Mission Produce's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-35	-2.80	37
Consolidated Net Income / (Loss)	-35	-3.10	42
Net Income / (Loss) Continuing Operations	-35	-3.10	42
Total Pre-Tax Income	-31	-0.90	60
Total Operating Income	-37	6.90	66
Total Gross Profit	90	83	153
Total Revenue	1,046	954	1,235
Operating Revenue	1,046	954	1,235
Total Cost of Revenue	956	871	1,082
Operating Cost of Revenue	956	871	1,082
Total Operating Expenses	127	76	87
Selling, General & Admin Expense	78	76	87
Impairment Charge	50	0.00	0.00
Other Special Charges / (Income)	-	0.00	0.00
Total Other Income / (Expense), net	6.00	-7.80	-5.30
Interest Expense	5.50	12	13
Interest & Investment Income	7.10	4.00	3.70
Other Income / (Expense), net	4.40	-0.20	3.60
Income Tax Expense	3.70	2.20	19
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.30	-0.30	5.10
Basic Earnings per Share	($0.49)	($0.04)	$0.52
Weighted Average Basic Shares Outstanding	70.67M	70.73M	70.91M
Diluted Earnings per Share	($0.49)	($0.04)	$0.52
Weighted Average Diluted Shares Outstanding	70.67M	70.73M	70.91M
Weighted Average Basic & Diluted Shares Outstanding	70.67M	70.73M	70.91M

This table shows Mission Produce's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	18	-42	-8.80	-4.60	6.60	4.00	0.00	7.00	12	17	3.90
Consolidated Net Income / (Loss)	18	-42	-11	-4.70	6.20	6.00	2.00	7.00	12	21	6.20
Net Income / (Loss) Continuing Operations	18	-42	-11	-4.70	6.20	6.00	2.00	7.00	12	21	6.20
Total Pre-Tax Income	23	-42	-12	-2.90	8.50	5.80	4.10	10	17	29	9.40
Total Operating Income	22	-42	-10	-1.20	11	7.20	8.00	12	17	29	9.30
Total Gross Profit	43	27	9.00	18	28	28	29	31	37	56	32
Total Revenue	313	238	214	221	261	258	259	298	324	354	334
Operating Revenue	313	238	214	221	261	258	259	298	324	354	334
Total Cost of Revenue	271	211	205	203	233	230	230	267	287	299	303
Operating Cost of Revenue	271	211	205	203	233	230	230	267	287	299	303
Total Operating Expenses	21	69	19	19	17	21	21	19	20	27	22
Selling, General & Admin Expense	21	20	19	19	17	21	21	19	20	27	22
Total Other Income / (Expense), net	1.30	0.30	-2.20	-1.70	-2.50	-1.40	-3.90	-1.90	-0.20	0.70	0.10
Interest Expense	1.50	2.00	2.40	2.70	3.20	3.30	3.30	3.40	3.20	2.70	2.20
Interest & Investment Income	1.70	3.50	1.00	0.40	1.80	0.80	0.40	0.50	1.70	1.10	0.80
Other Income / (Expense), net	1.10	-1.20	-0.80	0.60	-1.10	1.10	-1.00	1.00	1.30	2.30	1.50
Income Tax Expense	5.40	-	-1.70	1.80	2.30	-0.20	2.10	3.40	4.50	8.60	3.20
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.50	0.20	-1.80	-0.10	-0.40	2.00	2.00	0.00	-0.30	3.40	2.30
Basic Earnings per Share	$0.26	($0.59)	($0.12)	($0.07)	$0.09	$0.06	$0.00	$0.10	$0.17	$0.25	$0.06
Weighted Average Basic Shares Outstanding	70.66M	70.67M	70.73M	70.79M	70.79M	70.73M	70.85M	70.91M	70.91M	70.91M	71.07M
Diluted Earnings per Share	$0.26	($0.59)	($0.12)	($0.07)	$0.09	$0.06	$0.00	$0.10	$0.17	$0.25	$0.05
Weighted Average Diluted Shares Outstanding	70.66M	70.67M	70.73M	70.79M	70.79M	70.73M	70.85M	70.91M	70.91M	70.91M	71.07M
Weighted Average Basic & Diluted Shares Outstanding	70.66M	70.67M	70.73M	70.79M	70.79M	70.73M	70.85M	70.91M	70.91M	70.91M	71.07M

This table details how cash moves in and out of Mission Produce's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-38	-11	16
Net Cash From Operating Activities	35	29	93
Net Cash From Continuing Operating Activities	35	29	93
Net Income / (Loss) Continuing Operations	-35	-3.10	42
Consolidated Net Income / (Loss)	-35	-3.10	42
Depreciation Expense	25	33	38
Amortization Expense	0.30	0.20	0.20
Non-Cash Adjustments To Reconcile Net Income	49	9.10	8.40
Changes in Operating Assets and Liabilities, net	-3.90	-9.80	5.30
Net Cash From Investing Activities	-51	-54	-34
Net Cash From Continuing Investing Activities	-51	-54	-34
Purchase of Property, Plant & Equipment	-61	-50	-32
Acquisitions	-0.40	-2.10	-1.60
Purchase of Investments	0.00	-2.30	0.00
Sale of Property, Plant & Equipment	3.00	0.20	0.10
Divestitures	4.30	0.00	0.00
Sale and/or Maturity of Investments	3.00	0.00	0.00
Other Investing Activities, net	-0.10	-0.10	0.20
Net Cash From Financing Activities	-22	14	-44
Net Cash From Continuing Financing Activities	-22	14	-44
Repayment of Debt	-104	-136	-82
Repurchase of Common Equity	0.00	-0.60	0.00
Payment of Dividends	0.00	0.00	-2.00
Issuance of Debt	83	148	43
Issuance of Common Equity	0.90	4.20	0.00
Other Financing Activities, net	-1.10	-1.00	-3.10
Effect of Exchange Rate Changes	-0.30	-0.10	0.00
Cash Interest Paid	5.70	12	12
Cash Income Taxes Paid	6.20	7.10	20

This table details how cash moves in and out of Mission Produce's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	23	7.00	-14	-18	2.90	18	-2.70	6.70	2.70	9.40	-17
Net Cash From Operating Activities	34	38	-1.30	-25	19	37	9.50	3.40	43	38	-1.20
Net Cash From Continuing Operating Activities	34	38	-1.30	-25	19	37	9.50	3.40	43	38	-1.20
Net Income / (Loss) Continuing Operations	18	-42	-11	-4.70	6.20	6.00	2.00	7.00	12	21	6.20
Consolidated Net Income / (Loss)	18	-42	-11	-4.70	6.20	6.00	2.00	7.00	12	21	6.20
Depreciation Expense	7.10	7.60	9.30	5.90	7.60	10	13	5.70	8.90	10	8.70
Amortization Expense	0.10	-	0.10	-	0.10	-	0.10	-	0.10	-	0.10
Non-Cash Adjustments To Reconcile Net Income	0.10	48	4.20	0.30	6.10	-1.50	6.30	1.30	4.50	-3.70	0.50
Changes in Operating Assets and Liabilities, net	8.80	25	-4.30	-26	-1.20	22	-12	-11	17	11	-17
Net Cash From Investing Activities	-8.40	-17	-18	-20	-13	-3.40	-9.90	-8.40	-7.70	-7.50	-15
Net Cash From Continuing Investing Activities	-8.40	-17	-18	-20	-13	-3.40	-9.90	-8.40	-7.70	-7.50	-15
Purchase of Property, Plant & Equipment	-13	-19	-18	-17	-12	-2.80	-9.90	-7.80	-7.60	-6.90	-15
Other Investing Activities, net	0.30	-0.10	-	-	-	-	0.00	-	-0.20	0.40	-0.10
Net Cash From Financing Activities	-2.60	-14	5.50	27	-3.00	-15	-2.50	12	-32	-21	-1.00
Net Cash From Continuing Financing Activities	-2.60	-14	5.50	27	-3.00	-15	-2.50	12	-32	-21	-1.00
Repayment of Debt	-22	-58	-3.40	-101	-16	-16	-14	-11	-36	-21	-14
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-	-0.30
Issuance of Debt	20	43	10	127	12	-2.00	15	25	3.00	-	15
Other Financing Activities, net	-0.40	-0.10	-2.10	-0.30	-0.30	1.70	-3.80	-0.90	0.80	0.30	-1.40
Effect of Exchange Rate Changes	-0.10	0.20	0.00	-0.20	0.30	-0.20	0.20	-0.10	0.10	-0.20	0.00

This table presents Mission Produce's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	880	915	972
Total Current Assets	228	220	279
Cash & Equivalents	53	43	58
Restricted Cash	1.10	0.30	1.30
Accounts Receivable	80	87	111
Inventories, net	73	71	91
Prepaid Expenses	11	9.10	9.40
Current Deferred & Refundable Income Taxes	8.00	9.60	6.70
Other Current Assets	1.80	0.90	1.70
Plant, Property, & Equipment, net	490	523	523
Total Noncurrent Assets	162	172	169
Long-Term Investments	27	31	33
Goodwill	39	39	39
Noncurrent Deferred & Refundable Income Taxes	8.10	8.50	9.70
Other Noncurrent Operating Assets	85	92	87
Total Liabilities & Shareholders' Equity	880	915	972
Total Liabilities	357	387	394
Total Current Liabilities	102	98	149
Short-Term Debt	6.00	6.20	6.00
Accounts Payable	59	54	86
Accrued Expenses	30	26	40
Current Deferred & Payable Income Tax Liabilities	1.00	1.60	7.70
Other Current Liabilities	5.90	9.20	9.30
Total Noncurrent Liabilities	254	287	244
Long-Term Debt	137	149	111
Capital Lease Obligations	1.40	15	22
Noncurrent Deferred Revenue	3.10	2.30	1.30
Noncurrent Deferred & Payable Income Tax Liabilities	29	24	17
Other Noncurrent Operating Liabilities	83	97	93
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	523	528	577
Total Preferred & Common Equity	502	504	547
Total Common Equity	502	504	547
Common Stock	229	234	240
Retained Earnings	274	271	308
Accumulated Other Comprehensive Income / (Loss)	-1.70	-0.90	-0.20
Noncontrolling Interest	21	25	30

This table presents Mission Produce's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Total Assets	954	897	931	944	938	967	960	998
Total Current Assets	268	216	238	244	245	276	271	297
Cash & Equivalents	44	39	21	23	40	46	50	40
Restricted Cash	3.10	1.00	1.30	2.10	0.60	1.00	0.40	2.10
Accounts Receivable	107	76	93	108	98	112	115	117
Inventories, net	93	77	96	88	86	95	84	123
Prepaid Expenses	8.30	10	9.90	8.60	9.10	8.20	8.30	9.50
Current Deferred & Refundable Income Taxes	7.30	11	12	12	9.20	10	12	2.50
Other Current Assets	3.10	1.80	4.30	2.60	1.40	3.20	1.60	3.70
Plant, Property, & Equipment, net	473	512	521	528	525	523	521	528
Total Noncurrent Assets	213	170	171	173	168	168	168	172
Long-Term Investments	26	26	26	29	29	30	31	34
Goodwill	89	39	39	39	39	39	39	39
Noncurrent Deferred & Refundable Income Taxes	8.20	8.30	8.60	8.90	8.70	8.80	9.00	9.40
Other Noncurrent Operating Assets	87	96	97	94	91	90	89	90
Total Liabilities & Shareholders' Equity	954	897	931	944	938	967	960	998
Total Liabilities	391	383	419	424	406	427	406	415
Total Current Liabilities	124	96	104	115	108	122	134	170
Short-Term Debt	8.80	3.60	3.60	6.40	3.30	3.10	6.00	3.00
Accounts Payable	77	56	62	72	64	76	85	108
Accrued Expenses	29	29	30	26	29	33	29	46
Current Deferred & Payable Income Tax Liabilities	3.20	0.50	0.80	1.30	2.80	1.70	5.10	3.00
Other Current Liabilities	5.60	6.10	7.50	8.60	8.40	8.00	8.20	8.60
Total Noncurrent Liabilities	268	287	312	307	296	303	271	244
Long-Term Debt	149	146	170	164	153	167	131	115
Capital Lease Obligations	1.50	15	15	15	20	20	21	22
Noncurrent Deferred Revenue	3.10	3.10	2.30	2.30	2.30	1.30	1.30	1.30
Noncurrent Deferred & Payable Income Tax Liabilities	30	29	29	29	23	23	23	17
Other Noncurrent Operating Liabilities	85	94	95	96	98	92	94	90
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	563	514	511	520	532	540	554	583
Total Preferred & Common Equity	544	494	491	500	505	513	527	551
Total Common Equity	544	494	491	500	505	513	527	551
Common Stock	228	230	231	232	234	236	237	241
Retained Earnings	316	266	261	268	271	278	290	311
Accumulated Other Comprehensive Income / (Loss)	-1.10	-1.20	-0.90	-0.20	-0.10	-0.40	-0.30	-1.30
Noncontrolling Interest	20	20	20	21	27	27	26	32

This table displays calculated financial ratios and metrics derived from Mission Produce's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	17.29%	-8.80%	29.44%
EBITDA Growth	-109.29%	615.58%	170.03%
EBIT Growth	-152.73%	120.43%	934.33%
NOPAT Growth	-162.85%	118.55%	841.36%
Net Income Growth	-177.73%	91.12%	1,448.39%
EPS Growth	-177.78%	91.84%	1,400.00%
Operating Cash Flow Growth	-25.11%	-17.05%	219.86%
Free Cash Flow Firm Growth	-58.11%	38.53%	235.00%
Invested Capital Growth	5.42%	6.71%	-0.19%
Revenue Q/Q Growth	0.10%	2.13%	8.48%
EBITDA Q/Q Growth	-113.95%	377.62%	27.01%
EBIT Q/Q Growth	-206.15%	114.92%	48.39%
NOPAT Q/Q Growth	-257.04%	116.27%	39.75%
Net Income Q/Q Growth	-246.64%	93.91%	54.24%
EPS Q/Q Growth	-244.12%	94.20%	57.58%
Operating Cash Flow Q/Q Growth	22.22%	-5.50%	1.63%
Free Cash Flow Firm Q/Q Growth	0.00%	0.89%	-11.67%
Invested Capital Q/Q Growth	-9.55%	-4.25%	-1.37%
Profitability Metrics	-	-	-
Gross Margin	8.59%	8.73%	12.35%
EBITDA Margin	-0.74%	4.16%	8.68%
Operating Margin	-3.56%	0.72%	5.32%
EBIT Margin	-3.14%	0.70%	5.61%
Profit (Net Income) Margin	-3.34%	-0.33%	3.39%
Tax Burden Percent	111.86%	344.44%	69.21%
Interest Burden Percent	95.12%	-13.43%	87.16%
Effective Tax Rate	0.00%	0.00%	30.79%
Return on Invested Capital (ROIC)	-4.55%	0.80%	7.26%
ROIC Less NNEP Spread (ROIC-NNEP)	-24.90%	-8.96%	2.26%
Return on Net Nonoperating Assets (RNNOA)	-2.05%	-1.39%	0.30%
Return on Equity (ROE)	-6.60%	-0.59%	7.56%
Cash Return on Invested Capital (CROIC)	-9.83%	-5.70%	7.45%
Operating Return on Assets (OROA)	-3.74%	0.75%	7.35%
Return on Assets (ROA)	-3.98%	-0.35%	4.43%
Return on Common Equity (ROCE)	-6.47%	-0.56%	7.19%
Return on Equity Simple (ROE_SIMPLE)	-6.95%	-0.62%	7.64%
Net Operating Profit after Tax (NOPAT)	-26	4.83	45
NOPAT Margin	-2.49%	0.51%	3.68%
Net Nonoperating Expense Percent (NNEP)	20.34%	9.75%	5.00%
Return On Investment Capital (ROIC_SIMPLE)	-3.90%	0.69%	6.36%
Cost of Revenue to Revenue	91.41%	91.27%	87.65%
SG&A Expenses to Revenue	7.41%	8.01%	7.03%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.14%	8.01%	7.03%
Earnings before Interest and Taxes (EBIT)	-33	6.70	69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7.70	40	107
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.34	1.32	1.53
Price to Tangible Book Value (P/TBV)	2.55	1.44	1.65
Price to Revenue (P/Rev)	1.12	0.70	0.68
Price to Earnings (P/E)	0.00	0.00	22.80
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	4.39%
Enterprise Value to Invested Capital (EV/IC)	2.15	1.25	1.46
Enterprise Value to Revenue (EV/Rev)	1.20	0.82	0.74
Enterprise Value to EBITDA (EV/EBITDA)	0.00	19.80	8.51
Enterprise Value to EBIT (EV/EBIT)	0.00	117.34	13.17
Enterprise Value to NOPAT (EV/NOPAT)	0.00	162.76	20.07
Enterprise Value to Operating Cash Flow (EV/OCF)	35.79	26.92	9.77
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	19.55
Leverage & Solvency	-	-	-
Debt to Equity	0.28	0.32	0.24
Long-Term Debt to Equity	0.26	0.31	0.23
Financial Leverage	0.08	0.15	0.13
Leverage Ratio	1.66	1.71	1.71
Compound Leverage Factor	1.58	-0.23	1.49
Debt to Total Capital	21.63%	24.29%	19.32%
Short-Term Debt to Total Capital	0.90%	0.89%	0.84%
Long-Term Debt to Total Capital	20.73%	23.40%	18.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.12%	3.54%	4.17%
Common Equity to Total Capital	75.25%	72.17%	76.51%
Debt to EBITDA	-18.74	4.27	1.29
Net Debt to EBITDA	-8.22	2.40	0.43
Long-Term Debt to EBITDA	-17.96	4.11	1.23
Debt to NOPAT	-5.54	35.09	3.04
Net Debt to NOPAT	-2.43	19.73	1.01
Long-Term Debt to NOPAT	-5.31	33.81	2.91
Altman Z-Score	3.65	2.68	3.38
Noncontrolling Interest Sharing Ratio	1.97%	4.33%	4.93%
Liquidity Ratios	-	-	-
Current Ratio	2.24	2.26	1.87
Quick Ratio	1.31	1.33	1.13
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-56	-35	47
Operating Cash Flow to CapEx	60.48%	58.87%	290.97%
Free Cash Flow to Firm to Interest Expense	-10.23	-2.98	3.70
Operating Cash Flow to Interest Expense	6.40	2.52	7.41
Operating Cash Flow Less CapEx to Interest Expense	-4.18	-1.76	4.87
Efficiency Ratios	-	-	-
Asset Turnover	1.19	1.06	1.31
Accounts Receivable Turnover	12.58	11.44	12.52
Inventory Turnover	15.76	12.10	13.36
Fixed Asset Turnover	2.29	1.88	2.36
Accounts Payable Turnover	18.44	15.50	15.55
Days Sales Outstanding (DSO)	29.02	31.89	29.15
Days Inventory Outstanding (DIO)	23.15	30.17	27.32
Days Payable Outstanding (DPO)	19.79	23.54	23.47
Cash Conversion Cycle (CCC)	32.38	38.52	32.99
Capital & Investment Metrics	-	-	-
Invested Capital	587	627	625
Invested Capital Turnover	1.83	1.57	1.97
Increase / (Decrease) in Invested Capital	30	39	-1.20
Enterprise Value (EV)	1,260	786	912
Market Capitalization	1,176	666	837
Book Value per Share	$7.11	$7.11	$7.72
Tangible Book Value per Share	$6.52	$6.55	$7.16
Total Capital	667	698	715
Total Debt	144	170	138
Total Long-Term Debt	138	163	132
Net Debt	63	95	46
Capital Expenditures (CapEx)	58	50	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	79	86	77
Debt-free Net Working Capital (DFNWC)	132	129	136
Net Working Capital (NWC)	126	123	130
Net Nonoperating Expense (NNE)	8.86	7.93	3.67
Net Nonoperating Obligations (NNO)	64	98	48
Total Depreciation and Amortization (D&A)	25	33	38
Debt-free, Cash-free Net Working Capital to Revenue	7.51%	8.97%	6.20%
Debt-free Net Working Capital to Revenue	12.66%	13.50%	11.01%
Net Working Capital to Revenue	12.09%	12.85%	10.52%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.49)	($0.04)	$0.52
Adjusted Weighted Average Basic Shares Outstanding	70.67M	70.73M	70.91M
Adjusted Diluted Earnings per Share	($0.49)	($0.04)	$0.52
Adjusted Weighted Average Diluted Shares Outstanding	70.67M	70.73M	70.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	70.67M	70.73M	70.91M
Normalized Net Operating Profit after Tax (NOPAT)	8.61	4.83	45
Normalized NOPAT Margin	0.82%	0.51%	3.68%
Pre Tax Income Margin	-2.98%	-0.09%	4.89%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-5.96	0.58	5.50
NOPAT to Interest Expense	-4.73	0.42	3.61
EBIT Less CapEx to Interest Expense	-16.55	-3.70	2.95
NOPAT Less CapEx to Interest Expense	-15.32	-3.86	1.06
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	4.78%
Augmented Payout Ratio	0.00%	-19.35%	4.78%

This table displays calculated financial ratios and metrics derived from Mission Produce's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.90%	0.42%	-1.43%	-20.50%	-16.54%	8.36%	21.17%	34.60%	23.95%	37.42%	29.18%
EBITDA Growth	3.41%	-231.25%	87.50%	-45.36%	-41.91%	151.26%	1,433.33%	258.49%	53.98%	124.59%	-2.00%
EBIT Growth	-0.43%	-312.25%	34.34%	-115.00%	-57.14%	119.17%	164.22%	2,316.67%	82.83%	272.29%	54.29%
NOPAT Growth	-5.82%	-316.31%	44.51%	-201.82%	-52.53%	125.27%	155.20%	1,085.58%	52.62%	171.28%	57.18%
Net Income Growth	-2.72%	-347.34%	20.90%	-295.83%	-65.36%	114.35%	118.87%	248.94%	95.16%	245.00%	210.00%
EPS Growth	0.00%	-345.83%	36.84%	-333.33%	-65.38%	110.17%	100.00%	242.86%	88.89%	316.67%	0.00%
Operating Cash Flow Growth	-3.95%	20.13%	96.86%	-663.64%	-44.71%	-4.45%	830.77%	113.71%	126.06%	4.11%	-112.63%
Free Cash Flow Firm Growth	84.81%	0.00%	97.48%	92.27%	103.49%	46.45%	-55.41%	116.75%	1,052.66%	166.99%	97.25%
Invested Capital Growth	17.76%	5.42%	1.41%	7.58%	0.80%	6.71%	4.58%	0.06%	-3.10%	-0.19%	1.06%
Revenue Q/Q Growth	12.62%	-24.01%	-10.29%	3.56%	18.23%	-1.34%	0.31%	15.04%	8.87%	9.38%	-5.70%
EBITDA Q/Q Growth	212.37%	-217.82%	95.80%	453.33%	232.08%	3.98%	9.29%	-5.00%	42.63%	51.66%	-52.31%
EBIT Q/Q Growth	477.50%	-287.45%	74.83%	94.50%	1,750.00%	-16.16%	-15.66%	90.00%	36.09%	70.72%	-65.05%
NOPAT Q/Q Growth	1,948.64%	-274.37%	76.01%	88.12%	1,055.18%	-7.17%	-47.61%	112.15%	47.92%	65.00%	-69.64%
Net Income Q/Q Growth	645.83%	-333.52%	74.64%	55.66%	231.91%	-3.23%	-66.67%	250.00%	72.86%	71.07%	-70.05%
EPS Q/Q Growth	766.67%	-326.92%	79.66%	41.67%	228.57%	-33.33%	-100.00%	0.00%	70.00%	47.06%	-80.00%
Operating Cash Flow Q/Q Growth	672.73%	12.35%	-103.40%	-1,807.69%	175.81%	94.15%	-73.97%	-64.21%	1,150.00%	-10.59%	-103.16%
Free Cash Flow Firm Q/Q Growth	86.69%	26.33%	73.91%	-202.12%	106.00%	-1,231.62%	24.27%	132.56%	313.08%	-34.23%	-103.11%
Invested Capital Q/Q Growth	6.57%	-9.55%	4.44%	6.86%	-0.15%	-4.25%	2.36%	2.25%	-3.31%	-1.37%	3.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.60%	11.30%	4.22%	8.19%	10.86%	10.78%	11.09%	10.42%	11.42%	15.74%	9.43%
EBITDA Margin	9.67%	-15.00%	-0.70%	2.40%	6.73%	7.10%	7.73%	6.38%	8.36%	11.60%	5.86%
Operating Margin	7.02%	-17.69%	-4.73%	-0.54%	4.21%	2.79%	3.09%	4.13%	5.19%	8.07%	2.78%
EBIT Margin	7.38%	-18.19%	-5.11%	-0.27%	3.79%	3.22%	2.71%	4.47%	5.59%	8.72%	3.23%
Profit (Net Income) Margin	5.72%	-17.56%	-4.96%	-2.13%	2.37%	2.33%	0.77%	2.35%	3.73%	5.84%	1.86%
Tax Burden Percent	76.82%	100.00%	86.18%	162.07%	72.94%	103.45%	48.78%	67.31%	72.89%	70.65%	65.96%
Interest Burden Percent	100.87%	96.54%	112.84%	483.33%	85.86%	69.88%	58.57%	78.20%	91.71%	94.82%	87.04%
Effective Tax Rate	23.18%	0.00%	0.00%	0.00%	27.06%	-3.45%	51.22%	32.69%	27.11%	29.35%	34.04%
Return on Invested Capital (ROIC)	9.39%	-22.64%	-5.67%	-0.59%	4.40%	4.54%	2.40%	4.56%	6.68%	11.25%	3.73%
ROIC Less NNEP Spread (ROIC-NNEP)	10.89%	-50.95%	-9.53%	-3.97%	2.74%	2.76%	0.58%	3.58%	6.54%	11.92%	3.80%
Return on Net Nonoperating Assets (RNNOA)	1.36%	-4.20%	-1.68%	-0.88%	0.56%	0.43%	0.12%	0.88%	1.31%	1.58%	0.60%
Return on Equity (ROE)	10.76%	-26.84%	-7.35%	-1.47%	4.95%	4.97%	2.52%	5.45%	7.98%	12.83%	4.33%
Cash Return on Invested Capital (CROIC)	0.00%	-9.83%	-4.74%	-10.78%	-5.35%	-5.70%	-2.04%	4.26%	8.20%	7.45%	6.22%
Operating Return on Assets (OROA)	8.68%	-21.71%	-5.99%	-0.29%	3.73%	3.42%	2.95%	5.07%	6.68%	11.41%	4.38%
Return on Assets (ROA)	6.73%	-20.96%	-5.82%	-2.29%	2.33%	2.47%	0.84%	2.67%	4.46%	7.65%	2.51%
Return on Common Equity (ROCE)	10.56%	-26.31%	-7.21%	-1.44%	4.77%	4.75%	2.41%	5.21%	7.63%	12.19%	4.10%
Return on Equity Simple (ROE_SIMPLE)	4.38%	0.00%	-6.50%	-7.98%	-10.19%	0.00%	1.88%	4.13%	5.14%	0.00%	8.35%
Net Operating Profit after Tax (NOPAT)	17	-29	-7.07	-0.84	8.02	7.45	3.90	8.28	12	20	6.13
NOPAT Margin	5.40%	-12.38%	-3.31%	-0.38%	3.07%	2.89%	1.51%	2.78%	3.78%	5.70%	1.84%
Net Nonoperating Expense Percent (NNEP)	-1.50%	28.31%	3.86%	3.38%	1.66%	1.78%	1.82%	0.98%	0.14%	-0.67%	-0.08%
Return On Investment Capital (ROIC_SIMPLE)	-	-4.42%	-	-	-	1.07%	0.55%	-	-	2.82%	0.85%
Cost of Revenue to Revenue	86.40%	88.70%	95.78%	91.81%	89.14%	89.22%	88.91%	89.58%	88.58%	84.26%	90.57%
SG&A Expenses to Revenue	6.58%	8.19%	8.95%	8.73%	6.66%	7.99%	8.00%	6.28%	6.23%	7.67%	6.64%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.58%	28.99%	8.95%	8.73%	6.66%	7.99%	8.00%	6.28%	6.23%	7.67%	6.64%
Earnings before Interest and Taxes (EBIT)	23	-43	-11	-0.60	9.90	8.30	7.00	13	18	31	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	30	-36	-1.50	5.30	18	18	20	19	27	41	20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.84	2.34	1.78	1.64	1.65	1.32	1.40	1.57	1.51	1.53	1.53
Price to Tangible Book Value (P/TBV)	2.22	2.55	1.94	1.79	1.79	1.44	1.52	1.70	1.63	1.65	1.65
Price to Revenue (P/Rev)	0.96	1.12	0.84	0.82	0.88	0.70	0.71	0.75	0.70	0.68	0.64
Price to Earnings (P/E)	41.23	0.00	0.00	0.00	0.00	0.00	117.87	45.69	34.06	22.80	20.77
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.85%	2.19%	2.94%	4.39%	4.82%
Enterprise Value to Invested Capital (EV/IC)	1.71	2.15	1.63	1.47	1.49	1.25	1.31	1.44	1.42	1.46	1.45
Enterprise Value to Revenue (EV/Rev)	1.06	1.20	0.96	0.98	1.04	0.82	0.84	0.88	0.79	0.74	0.72
Enterprise Value to EBITDA (EV/EBITDA)	20.06	0.00	357.05	0.00	0.00	19.80	13.74	12.61	10.68	8.51	8.79
Enterprise Value to EBIT (EV/EBIT)	35.84	0.00	0.00	0.00	0.00	117.34	34.19	24.52	19.30	13.17	12.85
Enterprise Value to NOPAT (EV/NOPAT)	66.79	0.00	0.00	0.00	0.00	162.76	54.89	33.31	27.70	20.07	20.02
Enterprise Value to Operating Cash Flow (EV/OCF)	38.45	35.79	13.28	20.97	31.53	26.92	21.03	13.84	9.81	9.77	11.36
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	33.79	17.06	19.55	23.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.28	0.32	0.37	0.36	0.32	0.33	0.35	0.29	0.24	0.24
Long-Term Debt to Equity	0.27	0.26	0.31	0.36	0.34	0.31	0.33	0.35	0.28	0.23	0.23
Financial Leverage	0.13	0.08	0.18	0.22	0.20	0.15	0.20	0.25	0.20	0.13	0.16
Leverage Ratio	1.66	1.66	1.72	1.77	1.75	1.71	1.75	1.80	1.77	1.71	1.74
Compound Leverage Factor	1.68	1.60	1.94	8.54	1.50	1.19	1.03	1.41	1.63	1.62	1.51
Debt to Total Capital	21.99%	21.63%	24.29%	26.97%	26.28%	24.29%	24.89%	26.04%	22.29%	19.32%	19.31%
Short-Term Debt to Total Capital	1.22%	0.90%	0.53%	0.51%	0.91%	0.89%	0.47%	0.42%	0.84%	0.84%	0.42%
Long-Term Debt to Total Capital	20.77%	20.73%	23.76%	26.46%	25.37%	23.40%	24.42%	25.61%	21.45%	18.48%	18.90%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.73%	3.12%	2.95%	2.90%	2.93%	3.54%	3.77%	3.66%	3.71%	4.17%	4.44%
Common Equity to Total Capital	75.28%	75.25%	72.77%	70.13%	70.79%	72.17%	71.34%	70.31%	74.01%	76.51%	76.25%
Debt to EBITDA	2.88	-18.74	58.89	-118.06	-12.97	4.27	2.88	2.54	1.88	1.29	1.31
Net Debt to EBITDA	1.56	-8.22	35.43	-87.88	-9.16	2.40	1.75	1.51	0.92	0.43	0.60
Long-Term Debt to EBITDA	2.72	-17.96	57.61	-115.81	-12.52	4.11	2.83	2.50	1.81	1.23	1.28
Debt to NOPAT	9.58	-5.54	-8.10	-8.59	-6.25	35.09	11.50	6.71	4.88	3.04	2.97
Net Debt to NOPAT	5.18	-2.43	-4.87	-6.40	-4.41	19.73	6.99	4.00	2.39	1.01	1.36
Long-Term Debt to NOPAT	9.05	-5.31	-7.92	-8.43	-6.03	33.81	11.28	6.60	4.70	2.91	2.91
Altman Z-Score	3.36	3.61	3.08	2.78	2.75	2.68	2.72	2.88	3.02	3.25	3.16
Noncontrolling Interest Sharing Ratio	1.85%	1.97%	1.93%	1.96%	3.73%	4.33%	4.47%	4.47%	4.39%	4.93%	5.28%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.17	2.24	2.26	2.28	2.12	2.26	2.27	2.27	2.02	1.87	1.75
Quick Ratio	1.24	1.31	1.20	1.09	1.14	1.33	1.28	1.30	1.23	1.13	0.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-81	-60	-16	-47	2.82	-32	-24	7.88	33	21	-0.67
Operating Cash Flow to CapEx	263.57%	200.00%	-7.39%	-143.35%	155.37%	1,351.85%	95.96%	43.59%	566.67%	550.72%	-8.11%
Free Cash Flow to Firm to Interest Expense	-54.00	-29.84	-6.49	-17.42	0.88	-9.68	-7.33	2.32	10.17	7.93	-0.30
Operating Cash Flow to Interest Expense	22.67	19.10	-0.54	-9.19	5.88	11.06	2.88	1.00	13.28	14.07	-0.55
Operating Cash Flow Less CapEx to Interest Expense	14.07	9.55	-7.88	-15.59	2.09	10.24	-0.12	-1.29	10.94	11.52	-7.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.18	1.19	1.17	1.08	0.98	1.06	1.09	1.13	1.20	1.31	1.35
Accounts Receivable Turnover	10.84	12.58	11.22	9.53	8.69	11.44	11.49	10.46	10.22	12.52	12.19
Inventory Turnover	11.90	15.76	12.10	9.53	9.44	12.10	11.02	10.05	11.81	13.36	11.07
Fixed Asset Turnover	2.34	2.29	2.20	2.06	1.87	1.88	1.93	2.06	2.17	2.36	2.49
Accounts Payable Turnover	14.86	18.44	16.53	12.12	11.45	15.50	15.00	13.91	12.92	15.55	13.44
Days Sales Outstanding (DSO)	33.66	29.02	32.53	38.30	41.99	31.89	31.77	34.90	35.72	29.15	29.95
Days Inventory Outstanding (DIO)	30.66	23.15	30.16	38.30	38.68	30.17	33.14	36.30	30.89	27.32	32.96
Days Payable Outstanding (DPO)	24.56	19.79	22.09	30.11	31.89	23.54	24.34	26.24	28.25	23.47	27.15
Cash Conversion Cycle (CCC)	39.76	32.38	40.61	46.49	48.78	38.52	40.56	44.96	38.37	32.99	35.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	649	587	613	655	654	627	641	656	634	625	648
Invested Capital Turnover	1.74	1.83	1.71	1.56	1.43	1.57	1.59	1.64	1.77	1.97	2.03
Increase / (Decrease) in Invested Capital	98	30	8.50	46	5.20	39	28	0.40	-20	-1.20	6.80
Enterprise Value (EV)	1,107	1,260	1,000	967	974	786	841	944	901	912	939
Market Capitalization	1,002	1,176	881	806	823	666	707	804	797	837	843
Book Value per Share	$7.69	$7.11	$6.99	$6.94	$7.06	$7.11	$7.13	$7.25	$7.44	$7.72	$7.77
Tangible Book Value per Share	$6.40	$6.52	$6.42	$6.37	$6.49	$6.55	$6.57	$6.69	$6.88	$7.16	$7.21
Total Capital	722	667	679	700	706	698	708	730	713	715	722
Total Debt	159	144	165	189	186	170	176	190	159	138	140
Total Long-Term Debt	150	138	161	185	179	163	173	187	153	132	137
Net Debt	86	63	99	141	131	95	107	113	78	46	64
Capital Expenditures (CapEx)	13	19	18	17	12	2.70	9.90	7.80	7.50	6.90	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	106	79	84	115	110	86	99	111	93	77	88
Debt-free Net Working Capital (DFNWC)	153	132	124	137	136	129	140	158	143	136	131
Net Working Capital (NWC)	144	126	120	134	129	123	137	155	137	130	128
Net Nonoperating Expense (NNE)	-1.00	12	3.53	3.86	1.82	1.45	1.90	1.28	0.15	-0.49	-0.07
Net Nonoperating Obligations (NNO)	86	64	99	144	134	98	110	116	80	48	65
Total Depreciation and Amortization (D&A)	7.20	7.60	9.40	5.90	7.70	10	13	5.70	9.00	10	8.80
Debt-free, Cash-free Net Working Capital to Revenue	10.16%	7.51%	8.01%	11.69%	11.82%	8.97%	9.95%	10.27%	8.20%	6.20%	6.74%
Debt-free Net Working Capital to Revenue	14.65%	12.66%	11.86%	13.94%	14.51%	13.50%	14.00%	14.66%	12.58%	11.01%	9.96%
Net Working Capital to Revenue	13.81%	12.09%	11.52%	13.57%	13.82%	12.85%	13.67%	14.37%	12.05%	10.52%	9.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.26	($0.59)	($0.12)	($0.07)	$0.09	$0.06	$0.00	$0.10	$0.17	$0.25	$0.06
Adjusted Weighted Average Basic Shares Outstanding	70.66M	70.67M	70.73M	70.79M	70.79M	70.73M	70.85M	70.91M	70.91M	70.91M	71.07M
Adjusted Diluted Earnings per Share	$0.26	($0.59)	($0.12)	($0.07)	$0.09	$0.06	$0.00	$0.10	$0.17	$0.25	$0.05
Adjusted Weighted Average Diluted Shares Outstanding	70.66M	70.67M	70.73M	70.79M	70.79M	70.73M	70.85M	70.91M	70.91M	70.91M	71.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	70.66M	70.67M	70.73M	70.79M	70.79M	70.73M	70.85M	70.91M	70.91M	70.91M	71.07M
Normalized Net Operating Profit after Tax (NOPAT)	17	-29	-7.07	-0.84	8.02	5.04	5.60	8.28	12	20	6.13
Normalized NOPAT Margin	5.40%	-12.38%	-3.31%	-0.38%	3.07%	1.95%	2.16%	2.78%	3.78%	5.70%	1.84%
Pre Tax Income Margin	7.44%	-17.56%	-5.76%	-1.31%	3.25%	2.25%	1.58%	3.49%	5.12%	8.27%	2.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.40	-21.65	-4.54	-0.22	3.09	2.52	2.12	3.91	5.66	11.44	4.91
NOPAT to Interest Expense	11.27	-14.74	-2.95	-0.31	2.51	2.26	1.18	2.44	3.83	7.48	2.79
EBIT Less CapEx to Interest Expense	6.80	-31.20	-11.88	-6.63	-0.69	1.70	-0.88	1.62	3.31	8.89	-1.82
NOPAT Less CapEx to Interest Expense	2.67	-24.29	-10.28	-6.72	-1.27	1.44	-1.82	0.14	1.48	4.93	-3.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.78%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-19.35%	0.00%	0.00%	0.00%	4.78%	0.65%

Frequently Asked Questions About Mission Produce's Financials

When does Mission Produce's fiscal year end?

According to the most recent income statement we have on file, Mission Produce's financial year ends in October. Their financial year 2024 ended on October 31, 2024.

How has Mission Produce's net income changed over the last 2 years?

Mission Produce's net income appears to be on an upward trend, with a most recent value of $41.80 million in 2024, falling from -$34.90 million in 2022. The previous period was -$3.10 million in 2023.

What is Mission Produce's operating income?

Mission Produce's total operating income in 2024 was $65.70 million, based on the following breakdown:

Total Gross Profit: $152.50 million
Total Operating Expenses: $86.80 million

How has Mission Produce revenue changed over the last 2 years?

Over the last 2 years, Mission Produce's total revenue changed from $1.05 billion in 2022 to $1.23 billion in 2024, a change of 18.1%.

How much debt does Mission Produce have?

Mission Produce's total liabilities were at $394.40 million at the end of 2024, a 2.0% increase from 2023, and a 10.6% increase since 2022.

How much cash does Mission Produce have?

In the past 2 years, Mission Produce's cash and equivalents has ranged from $42.90 million in 2023 to $58 million in 2024, and is currently $58 million as of their latest financial filing in 2024.

How has Mission Produce's book value per share changed over the last 2 years?

Over the last 2 years, Mission Produce's book value per share changed from 7.11 in 2022 to 7.72 in 2024, a change of 8.6%.

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This page (NASDAQ:AVO) was last updated on 4/15/2025 by MarketBeat.com Staff

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