Mission Produce (AVO) Financials

$10.68 -0.17 (-1.57%)

As of 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	2024	2023	2022
Period end date	10/31/2024	10/31/2023	10/31/2022
Net Income / (Loss) Attributable to Common Shareholders	37	-2.80	-35
Consolidated Net Income / (Loss)	42	-3.10	-35
Net Income / (Loss) Continuing Operations	42	-3.10	-35
Total Pre-Tax Income	60	-0.90	-31
Total Operating Income	66	6.90	-37
Total Gross Profit	153	83	90
Total Revenue	1,235	954	1,046
Operating Revenue	1,235	954	1,046
Total Cost of Revenue	1,082	871	956
Operating Cost of Revenue	1,082	871	956
Total Operating Expenses	87	76	127
Selling, General & Admin Expense	87	76	78
Impairment Charge	0.00	0.00	50
Other Special Charges / (Income)	0.00	0.00	-
Total Other Income / (Expense), net	-5.30	-7.80	6.00
Interest Expense	13	12	5.50
Interest & Investment Income	3.70	4.00	7.10
Other Income / (Expense), net	3.60	-0.20	4.40
Income Tax Expense	19	2.20	3.70
Net Income / (Loss) Attributable to Noncontrolling Interest	5.10	-0.30	-0.30
Basic Earnings per Share	$0.52	($0.04)	($0.49)
Weighted Average Basic Shares Outstanding	70.91M	70.73M	70.67M
Diluted Earnings per Share	$0.52	($0.04)	($0.49)
Weighted Average Diluted Shares Outstanding	70.91M	70.73M	70.67M
Weighted Average Basic & Diluted Shares Outstanding	70.91M	70.73M	70.67M

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Income / (Loss) Attributable to Common Shareholders	3.90	17	12	7.00	0.00	4.00	6.60	-4.60	-8.80	-42	18
Consolidated Net Income / (Loss)	6.20	21	12	7.00	2.00	6.00	6.20	-4.70	-11	-42	18
Net Income / (Loss) Continuing Operations	6.20	21	12	7.00	2.00	6.00	6.20	-4.70	-11	-42	18
Total Pre-Tax Income	9.40	29	17	10	4.10	5.80	8.50	-2.90	-12	-42	23
Total Operating Income	9.30	29	17	12	8.00	7.20	11	-1.20	-10	-42	22
Total Gross Profit	32	56	37	31	29	28	28	18	9.00	27	43
Total Revenue	334	354	324	298	259	258	261	221	214	238	313
Operating Revenue	334	354	324	298	259	258	261	221	214	238	313
Total Cost of Revenue	303	299	287	267	230	230	233	203	205	211	271
Operating Cost of Revenue	303	299	287	267	230	230	233	203	205	211	271
Total Operating Expenses	22	27	20	19	21	21	17	19	19	69	21
Selling, General & Admin Expense	22	27	20	19	21	21	17	19	19	20	21
Total Other Income / (Expense), net	0.10	0.70	-0.20	-1.90	-3.90	-1.40	-2.50	-1.70	-2.20	0.30	1.30
Interest Expense	2.20	2.70	3.20	3.40	3.30	3.30	3.20	2.70	2.40	2.00	1.50
Interest & Investment Income	0.80	1.10	1.70	0.50	0.40	0.80	1.80	0.40	1.00	3.50	1.70
Other Income / (Expense), net	1.50	2.30	1.30	1.00	-1.00	1.10	-1.10	0.60	-0.80	-1.20	1.10
Income Tax Expense	3.20	8.60	4.50	3.40	2.10	-0.20	2.30	1.80	-1.70	-	5.40
Net Income / (Loss) Attributable to Noncontrolling Interest	2.30	3.40	-0.30	0.00	2.00	2.00	-0.40	-0.10	-1.80	0.20	-0.50
Basic Earnings per Share	$0.06	$0.25	$0.17	$0.10	$0.00	$0.06	$0.09	($0.07)	($0.12)	($0.59)	$0.26
Weighted Average Basic Shares Outstanding	71.07M	70.91M	70.91M	70.91M	70.85M	70.73M	70.79M	70.79M	70.73M	70.67M	70.66M
Diluted Earnings per Share	$0.05	$0.25	$0.17	$0.10	$0.00	$0.06	$0.09	($0.07)	($0.12)	($0.59)	$0.26
Weighted Average Diluted Shares Outstanding	71.07M	70.91M	70.91M	70.91M	70.85M	70.73M	70.79M	70.79M	70.73M	70.67M	70.66M
Weighted Average Basic & Diluted Shares Outstanding	71.07M	70.91M	70.91M	70.91M	70.85M	70.73M	70.79M	70.79M	70.73M	70.67M	70.66M

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	2024	2023	2022
Period end date	10/31/2024	10/31/2023	10/31/2022
Net Change in Cash & Equivalents	16	-11	-38
Net Cash From Operating Activities	93	29	35
Net Cash From Continuing Operating Activities	93	29	35
Net Income / (Loss) Continuing Operations	42	-3.10	-35
Consolidated Net Income / (Loss)	42	-3.10	-35
Depreciation Expense	38	33	25
Amortization Expense	0.20	0.20	0.30
Non-Cash Adjustments To Reconcile Net Income	8.40	9.10	49
Changes in Operating Assets and Liabilities, net	5.30	-9.80	-3.90
Net Cash From Investing Activities	-34	-54	-51
Net Cash From Continuing Investing Activities	-34	-54	-51
Purchase of Property, Plant & Equipment	-32	-50	-61
Acquisitions	-1.60	-2.10	-0.40
Purchase of Investments	0.00	-2.30	0.00
Sale of Property, Plant & Equipment	0.10	0.20	3.00
Divestitures	0.00	0.00	4.30
Sale and/or Maturity of Investments	0.00	0.00	3.00
Other Investing Activities, net	0.20	-0.10	-0.10
Net Cash From Financing Activities	-44	14	-22
Net Cash From Continuing Financing Activities	-44	14	-22
Repayment of Debt	-82	-136	-104
Repurchase of Common Equity	0.00	-0.60	0.00
Payment of Dividends	-2.00	0.00	0.00
Issuance of Debt	43	148	83
Issuance of Common Equity	0.00	4.20	0.90
Other Financing Activities, net	-3.10	-1.00	-1.10
Effect of Exchange Rate Changes	0.00	-0.10	-0.30
Cash Interest Paid	12	12	5.70
Cash Income Taxes Paid	20	7.10	6.20

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Change in Cash & Equivalents	-17	9.40	2.70	6.70	-2.70	18	2.90	-18	-14	7.00	23
Net Cash From Operating Activities	-1.20	38	43	3.40	9.50	37	19	-25	-1.30	38	34
Net Cash From Continuing Operating Activities	-1.20	38	43	3.40	9.50	37	19	-25	-1.30	38	34
Net Income / (Loss) Continuing Operations	6.20	21	12	7.00	2.00	6.00	6.20	-4.70	-11	-42	18
Consolidated Net Income / (Loss)	6.20	21	12	7.00	2.00	6.00	6.20	-4.70	-11	-42	18
Depreciation Expense	8.70	10	8.90	5.70	13	10	7.60	5.90	9.30	7.60	7.10
Amortization Expense	0.10	-	0.10	-	0.10	-	0.10	-	0.10	-	0.10
Non-Cash Adjustments To Reconcile Net Income	0.50	-3.70	4.50	1.30	6.30	-1.50	6.10	0.30	4.20	48	0.10
Changes in Operating Assets and Liabilities, net	-17	11	17	-11	-12	22	-1.20	-26	-4.30	25	8.80
Net Cash From Investing Activities	-15	-7.50	-7.70	-8.40	-9.90	-3.40	-13	-20	-18	-17	-8.40
Net Cash From Continuing Investing Activities	-15	-7.50	-7.70	-8.40	-9.90	-3.40	-13	-20	-18	-17	-8.40
Purchase of Property, Plant & Equipment	-15	-6.90	-7.60	-7.80	-9.90	-2.80	-12	-17	-18	-19	-13
Other Investing Activities, net	-0.10	0.40	-0.20	-	0.00	-	-	-	-	-0.10	0.30
Net Cash From Financing Activities	-1.00	-21	-32	12	-2.50	-15	-3.00	27	5.50	-14	-2.60
Net Cash From Continuing Financing Activities	-1.00	-21	-32	12	-2.50	-15	-3.00	27	5.50	-14	-2.60
Repayment of Debt	-14	-21	-36	-11	-14	-16	-16	-101	-3.40	-58	-22
Repurchase of Common Equity	-0.30	-	-	-	0.00	-	-	-	-	-	-
Issuance of Debt	15	-	3.00	25	15	-2.00	12	127	10	43	20
Other Financing Activities, net	-1.40	0.30	0.80	-0.90	-3.80	1.70	-0.30	-0.30	-2.10	-0.10	-0.40
Effect of Exchange Rate Changes	0.00	-0.20	0.10	-0.10	0.20	-0.20	0.30	-0.20	0.00	0.20	-0.10

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	2024	2023	2022
Period end date	10/31/2024	10/31/2023	10/31/2022
Total Assets	972	915	880
Total Current Assets	279	220	228
Cash & Equivalents	58	43	53
Restricted Cash	1.30	0.30	1.10
Accounts Receivable	111	87	80
Inventories, net	91	71	73
Prepaid Expenses	9.40	9.10	11
Current Deferred & Refundable Income Taxes	6.70	9.60	8.00
Other Current Assets	1.70	0.90	1.80
Plant, Property, & Equipment, net	523	523	490
Total Noncurrent Assets	169	172	162
Long-Term Investments	33	31	27
Goodwill	39	39	39
Noncurrent Deferred & Refundable Income Taxes	9.70	8.50	8.10
Other Noncurrent Operating Assets	87	92	85
Total Liabilities & Shareholders' Equity	972	915	880
Total Liabilities	394	387	357
Total Current Liabilities	149	98	102
Short-Term Debt	6.00	6.20	6.00
Accounts Payable	86	54	59
Accrued Expenses	40	26	30
Current Deferred & Payable Income Tax Liabilities	7.70	1.60	1.00
Other Current Liabilities	9.30	9.20	5.90
Total Noncurrent Liabilities	244	287	254
Long-Term Debt	111	149	137
Capital Lease Obligations	22	15	1.40
Noncurrent Deferred Revenue	1.30	2.30	3.10
Noncurrent Deferred & Payable Income Tax Liabilities	17	24	29
Other Noncurrent Operating Liabilities	93	97	83
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	577	528	523
Total Preferred & Common Equity	547	504	502
Total Common Equity	547	504	502
Common Stock	240	234	229
Retained Earnings	308	271	274
Accumulated Other Comprehensive Income / (Loss)	-0.20	-0.90	-1.70
Noncontrolling Interest	30	25	21

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	1/31/2025	7/31/2024	4/30/2024	1/31/2024	7/31/2023	4/30/2023	1/31/2023	7/31/2022
Total Assets	998	960	967	938	944	931	897	954
Total Current Assets	297	271	276	245	244	238	216	268
Cash & Equivalents	40	50	46	40	23	21	39	44
Restricted Cash	2.10	0.40	1.00	0.60	2.10	1.30	1.00	3.10
Accounts Receivable	117	115	112	98	108	93	76	107
Inventories, net	123	84	95	86	88	96	77	93
Prepaid Expenses	9.50	8.30	8.20	9.10	8.60	9.90	10	8.30
Current Deferred & Refundable Income Taxes	2.50	12	10	9.20	12	12	11	7.30
Other Current Assets	3.70	1.60	3.20	1.40	2.60	4.30	1.80	3.10
Plant, Property, & Equipment, net	528	521	523	525	528	521	512	473
Total Noncurrent Assets	172	168	168	168	173	171	170	213
Long-Term Investments	34	31	30	29	29	26	26	26
Goodwill	39	39	39	39	39	39	39	89
Noncurrent Deferred & Refundable Income Taxes	9.40	9.00	8.80	8.70	8.90	8.60	8.30	8.20
Other Noncurrent Operating Assets	90	89	90	91	94	97	96	87
Total Liabilities & Shareholders' Equity	998	960	967	938	944	931	897	954
Total Liabilities	415	406	427	406	424	419	383	391
Total Current Liabilities	170	134	122	108	115	104	96	124
Short-Term Debt	3.00	6.00	3.10	3.30	6.40	3.60	3.60	8.80
Accounts Payable	108	85	76	64	72	62	56	77
Accrued Expenses	46	29	33	29	26	30	29	29
Current Deferred & Payable Income Tax Liabilities	3.00	5.10	1.70	2.80	1.30	0.80	0.50	3.20
Other Current Liabilities	8.60	8.20	8.00	8.40	8.60	7.50	6.10	5.60
Total Noncurrent Liabilities	244	271	303	296	307	312	287	268
Long-Term Debt	115	131	167	153	164	170	146	149
Capital Lease Obligations	22	21	20	20	15	15	15	1.50
Noncurrent Deferred Revenue	1.30	1.30	1.30	2.30	2.30	2.30	3.10	3.10
Noncurrent Deferred & Payable Income Tax Liabilities	17	23	23	23	29	29	29	30
Other Noncurrent Operating Liabilities	90	94	92	98	96	95	94	85
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	583	554	540	532	520	511	514	563
Total Preferred & Common Equity	551	527	513	505	500	491	494	544
Total Common Equity	551	527	513	505	500	491	494	544
Common Stock	241	237	236	234	232	231	230	228
Retained Earnings	311	290	278	271	268	261	266	316
Accumulated Other Comprehensive Income / (Loss)	-1.30	-0.30	-0.40	-0.10	-0.20	-0.90	-1.20	-1.10
Noncontrolling Interest	32	26	27	27	21	20	20	20

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

Metric	2024	2023	2022
Period end date	10/31/2024	10/31/2023	10/31/2022
Growth Metrics	-	-	-
Revenue Growth	29.44%	-8.80%	17.29%
EBITDA Growth	170.03%	615.58%	-109.29%
EBIT Growth	934.33%	120.43%	-152.73%
NOPAT Growth	841.36%	118.55%	-162.85%
Net Income Growth	1,448.39%	91.12%	-177.73%
EPS Growth	1,400.00%	91.84%	-177.78%
Operating Cash Flow Growth	219.86%	-17.05%	-25.11%
Free Cash Flow Firm Growth	235.00%	38.53%	-58.11%
Invested Capital Growth	-0.19%	6.71%	5.42%
Revenue Q/Q Growth	8.48%	2.13%	0.10%
EBITDA Q/Q Growth	27.01%	377.62%	-113.95%
EBIT Q/Q Growth	48.39%	114.92%	-206.15%
NOPAT Q/Q Growth	39.75%	116.27%	-257.04%
Net Income Q/Q Growth	54.24%	93.91%	-246.64%
EPS Q/Q Growth	57.58%	94.20%	-244.12%
Operating Cash Flow Q/Q Growth	1.63%	-5.50%	22.22%
Free Cash Flow Firm Q/Q Growth	-11.67%	0.89%	0.00%
Invested Capital Q/Q Growth	-1.37%	-4.25%	-9.55%
Profitability Metrics	-	-	-
Gross Margin	12.35%	8.73%	8.59%
EBITDA Margin	8.68%	4.16%	-0.74%
Operating Margin	5.32%	0.72%	-3.56%
EBIT Margin	5.61%	0.70%	-3.14%
Profit (Net Income) Margin	3.39%	-0.33%	-3.34%
Tax Burden Percent	69.21%	344.44%	111.86%
Interest Burden Percent	87.16%	-13.43%	95.12%
Effective Tax Rate	30.79%	0.00%	0.00%
Return on Invested Capital (ROIC)	7.26%	0.80%	-4.55%
ROIC Less NNEP Spread (ROIC-NNEP)	2.26%	-8.96%	-24.90%
Return on Net Nonoperating Assets (RNNOA)	0.30%	-1.39%	-2.05%
Return on Equity (ROE)	7.56%	-0.59%	-6.60%
Cash Return on Invested Capital (CROIC)	7.45%	-5.70%	-9.83%
Operating Return on Assets (OROA)	7.35%	0.75%	-3.74%
Return on Assets (ROA)	4.43%	-0.35%	-3.98%
Return on Common Equity (ROCE)	7.19%	-0.56%	-6.47%
Return on Equity Simple (ROE_SIMPLE)	7.64%	-0.62%	-6.95%
Net Operating Profit after Tax (NOPAT)	45	4.83	-26
NOPAT Margin	3.68%	0.51%	-2.49%
Net Nonoperating Expense Percent (NNEP)	5.00%	9.75%	20.34%
Return On Investment Capital (ROIC_SIMPLE)	6.36%	0.69%	-3.90%
Cost of Revenue to Revenue	87.65%	91.27%	91.41%
SG&A Expenses to Revenue	7.03%	8.01%	7.41%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.03%	8.01%	12.14%
Earnings before Interest and Taxes (EBIT)	69	6.70	-33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	107	40	-7.70
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.53	1.32	2.34
Price to Tangible Book Value (P/TBV)	1.65	1.44	2.55
Price to Revenue (P/Rev)	0.68	0.70	1.12
Price to Earnings (P/E)	22.80	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	4.39%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.46	1.25	2.15
Enterprise Value to Revenue (EV/Rev)	0.74	0.82	1.20
Enterprise Value to EBITDA (EV/EBITDA)	8.51	19.80	0.00
Enterprise Value to EBIT (EV/EBIT)	13.17	117.34	0.00
Enterprise Value to NOPAT (EV/NOPAT)	20.07	162.76	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.77	26.92	35.79
Enterprise Value to Free Cash Flow (EV/FCFF)	19.55	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.24	0.32	0.28
Long-Term Debt to Equity	0.23	0.31	0.26
Financial Leverage	0.13	0.15	0.08
Leverage Ratio	1.71	1.71	1.66
Compound Leverage Factor	1.49	-0.23	1.58
Debt to Total Capital	19.32%	24.29%	21.63%
Short-Term Debt to Total Capital	0.84%	0.89%	0.90%
Long-Term Debt to Total Capital	18.48%	23.40%	20.73%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.17%	3.54%	3.12%
Common Equity to Total Capital	76.51%	72.17%	75.25%
Debt to EBITDA	1.29	4.27	-18.74
Net Debt to EBITDA	0.43	2.40	-8.22
Long-Term Debt to EBITDA	1.23	4.11	-17.96
Debt to NOPAT	3.04	35.09	-5.54
Net Debt to NOPAT	1.01	19.73	-2.43
Long-Term Debt to NOPAT	2.91	33.81	-5.31
Altman Z-Score	3.38	2.68	3.65
Noncontrolling Interest Sharing Ratio	4.93%	4.33%	1.97%
Liquidity Ratios	-	-	-
Current Ratio	1.87	2.26	2.24
Quick Ratio	1.13	1.33	1.31
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	47	-35	-56
Operating Cash Flow to CapEx	290.97%	58.87%	60.48%
Free Cash Flow to Firm to Interest Expense	3.70	-2.98	-10.23
Operating Cash Flow to Interest Expense	7.41	2.52	6.40
Operating Cash Flow Less CapEx to Interest Expense	4.87	-1.76	-4.18
Efficiency Ratios	-	-	-
Asset Turnover	1.31	1.06	1.19
Accounts Receivable Turnover	12.52	11.44	12.58
Inventory Turnover	13.36	12.10	15.76
Fixed Asset Turnover	2.36	1.88	2.29
Accounts Payable Turnover	15.55	15.50	18.44
Days Sales Outstanding (DSO)	29.15	31.89	29.02
Days Inventory Outstanding (DIO)	27.32	30.17	23.15
Days Payable Outstanding (DPO)	23.47	23.54	19.79
Cash Conversion Cycle (CCC)	32.99	38.52	32.38
Capital & Investment Metrics	-	-	-
Invested Capital	625	627	587
Invested Capital Turnover	1.97	1.57	1.83
Increase / (Decrease) in Invested Capital	-1.20	39	30
Enterprise Value (EV)	912	786	1,260
Market Capitalization	837	666	1,176
Book Value per Share	$7.72	$7.11	$7.11
Tangible Book Value per Share	$7.16	$6.55	$6.52
Total Capital	715	698	667
Total Debt	138	170	144
Total Long-Term Debt	132	163	138
Net Debt	46	95	63
Capital Expenditures (CapEx)	32	50	58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	77	86	79
Debt-free Net Working Capital (DFNWC)	136	129	132
Net Working Capital (NWC)	130	123	126
Net Nonoperating Expense (NNE)	3.67	7.93	8.86
Net Nonoperating Obligations (NNO)	48	98	64
Total Depreciation and Amortization (D&A)	38	33	25
Debt-free, Cash-free Net Working Capital to Revenue	6.20%	8.97%	7.51%
Debt-free Net Working Capital to Revenue	11.01%	13.50%	12.66%
Net Working Capital to Revenue	10.52%	12.85%	12.09%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.52	($0.04)	($0.49)
Adjusted Weighted Average Basic Shares Outstanding	70.91M	70.73M	70.67M
Adjusted Diluted Earnings per Share	$0.52	($0.04)	($0.49)
Adjusted Weighted Average Diluted Shares Outstanding	70.91M	70.73M	70.67M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	70.91M	70.73M	70.67M
Normalized Net Operating Profit after Tax (NOPAT)	45	4.83	8.61
Normalized NOPAT Margin	3.68%	0.51%	0.82%
Pre Tax Income Margin	4.89%	-0.09%	-2.98%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	5.50	0.58	-5.96
NOPAT to Interest Expense	3.61	0.42	-4.73
EBIT Less CapEx to Interest Expense	2.95	-3.70	-16.55
NOPAT Less CapEx to Interest Expense	1.06	-3.86	-15.32
Payout Ratios	-	-	-
Dividend Payout Ratio	4.78%	0.00%	0.00%
Augmented Payout Ratio	4.78%	-19.35%	0.00%

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	29.18%	37.42%	23.95%	34.60%	21.17%	8.36%	-16.54%	-20.50%	-1.43%	0.42%	26.90%
EBITDA Growth	-2.00%	124.59%	53.98%	258.49%	1,433.33%	151.26%	-41.91%	-45.36%	87.50%	-231.25%	3.41%
EBIT Growth	54.29%	272.29%	82.83%	2,316.67%	164.22%	119.17%	-57.14%	-115.00%	34.34%	-312.25%	-0.43%
NOPAT Growth	57.18%	171.28%	52.62%	1,085.58%	155.20%	125.27%	-52.53%	-201.82%	44.51%	-316.31%	-5.82%
Net Income Growth	210.00%	245.00%	95.16%	248.94%	118.87%	114.35%	-65.36%	-295.83%	20.90%	-347.34%	-2.72%
EPS Growth	0.00%	316.67%	88.89%	242.86%	100.00%	110.17%	-65.38%	-333.33%	36.84%	-345.83%	0.00%
Operating Cash Flow Growth	-112.63%	4.11%	126.06%	113.71%	830.77%	-4.45%	-44.71%	-663.64%	96.86%	20.13%	-3.95%
Free Cash Flow Firm Growth	97.25%	166.99%	1,052.66%	116.75%	-55.41%	46.45%	103.49%	92.27%	97.48%	0.00%	84.81%
Invested Capital Growth	1.06%	-0.19%	-3.10%	0.06%	4.58%	6.71%	0.80%	7.58%	1.41%	5.42%	17.76%
Revenue Q/Q Growth	-5.70%	9.38%	8.87%	15.04%	0.31%	-1.34%	18.23%	3.56%	-10.29%	-24.01%	12.62%
EBITDA Q/Q Growth	-52.31%	51.66%	42.63%	-5.00%	9.29%	3.98%	232.08%	453.33%	95.80%	-217.82%	212.37%
EBIT Q/Q Growth	-65.05%	70.72%	36.09%	90.00%	-15.66%	-16.16%	1,750.00%	94.50%	74.83%	-287.45%	477.50%
NOPAT Q/Q Growth	-69.64%	65.00%	47.92%	112.15%	-47.61%	-7.17%	1,055.18%	88.12%	76.01%	-274.37%	1,948.64%
Net Income Q/Q Growth	-70.05%	71.07%	72.86%	250.00%	-66.67%	-3.23%	231.91%	55.66%	74.64%	-333.52%	645.83%
EPS Q/Q Growth	-80.00%	47.06%	70.00%	0.00%	-100.00%	-33.33%	228.57%	41.67%	79.66%	-326.92%	766.67%
Operating Cash Flow Q/Q Growth	-103.16%	-10.59%	1,150.00%	-64.21%	-73.97%	94.15%	175.81%	-1,807.69%	-103.40%	12.35%	672.73%
Free Cash Flow Firm Q/Q Growth	-103.11%	-34.23%	313.08%	132.56%	24.27%	-1,231.62%	106.00%	-202.12%	73.91%	26.33%	86.69%
Invested Capital Q/Q Growth	3.65%	-1.37%	-3.31%	2.25%	2.36%	-4.25%	-0.15%	6.86%	4.44%	-9.55%	6.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.43%	15.74%	11.42%	10.42%	11.09%	10.78%	10.86%	8.19%	4.22%	11.30%	13.60%
EBITDA Margin	5.86%	11.60%	8.36%	6.38%	7.73%	7.10%	6.73%	2.40%	-0.70%	-15.00%	9.67%
Operating Margin	2.78%	8.07%	5.19%	4.13%	3.09%	2.79%	4.21%	-0.54%	-4.73%	-17.69%	7.02%
EBIT Margin	3.23%	8.72%	5.59%	4.47%	2.71%	3.22%	3.79%	-0.27%	-5.11%	-18.19%	7.38%
Profit (Net Income) Margin	1.86%	5.84%	3.73%	2.35%	0.77%	2.33%	2.37%	-2.13%	-4.96%	-17.56%	5.72%
Tax Burden Percent	65.96%	70.65%	72.89%	67.31%	48.78%	103.45%	72.94%	162.07%	86.18%	100.00%	76.82%
Interest Burden Percent	87.04%	94.82%	91.71%	78.20%	58.57%	69.88%	85.86%	483.33%	112.84%	96.54%	100.87%
Effective Tax Rate	34.04%	29.35%	27.11%	32.69%	51.22%	-3.45%	27.06%	0.00%	0.00%	0.00%	23.18%
Return on Invested Capital (ROIC)	3.73%	11.25%	6.68%	4.56%	2.40%	4.54%	4.40%	-0.59%	-5.67%	-22.64%	9.39%
ROIC Less NNEP Spread (ROIC-NNEP)	3.80%	11.92%	6.54%	3.58%	0.58%	2.76%	2.74%	-3.97%	-9.53%	-50.95%	10.89%
Return on Net Nonoperating Assets (RNNOA)	0.60%	1.58%	1.31%	0.88%	0.12%	0.43%	0.56%	-0.88%	-1.68%	-4.20%	1.36%
Return on Equity (ROE)	4.33%	12.83%	7.98%	5.45%	2.52%	4.97%	4.95%	-1.47%	-7.35%	-26.84%	10.76%
Cash Return on Invested Capital (CROIC)	6.22%	7.45%	8.20%	4.26%	-2.04%	-5.70%	-5.35%	-10.78%	-4.74%	-9.83%	0.00%
Operating Return on Assets (OROA)	4.38%	11.41%	6.68%	5.07%	2.95%	3.42%	3.73%	-0.29%	-5.99%	-21.71%	8.68%
Return on Assets (ROA)	2.51%	7.65%	4.46%	2.67%	0.84%	2.47%	2.33%	-2.29%	-5.82%	-20.96%	6.73%
Return on Common Equity (ROCE)	4.10%	12.19%	7.63%	5.21%	2.41%	4.75%	4.77%	-1.44%	-7.21%	-26.31%	10.56%
Return on Equity Simple (ROE_SIMPLE)	8.35%	0.00%	5.14%	4.13%	1.88%	0.00%	-10.19%	-7.98%	-6.50%	0.00%	4.38%
Net Operating Profit after Tax (NOPAT)	6.13	20	12	8.28	3.90	7.45	8.02	-0.84	-7.07	-29	17
NOPAT Margin	1.84%	5.70%	3.78%	2.78%	1.51%	2.89%	3.07%	-0.38%	-3.31%	-12.38%	5.40%
Net Nonoperating Expense Percent (NNEP)	-0.08%	-0.67%	0.14%	0.98%	1.82%	1.78%	1.66%	3.38%	3.86%	28.31%	-1.50%
Return On Investment Capital (ROIC_SIMPLE)	0.85%	2.82%	-	-	0.55%	1.07%	-	-	-	-4.42%	-
Cost of Revenue to Revenue	90.57%	84.26%	88.58%	89.58%	88.91%	89.22%	89.14%	91.81%	95.78%	88.70%	86.40%
SG&A Expenses to Revenue	6.64%	7.67%	6.23%	6.28%	8.00%	7.99%	6.66%	8.73%	8.95%	8.19%	6.58%
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	6.64%	7.67%	6.23%	6.28%	8.00%	7.99%	6.66%	8.73%	8.95%	28.99%	6.58%
Earnings before Interest and Taxes (EBIT)	11	31	18	13	7.00	8.30	9.90	-0.60	-11	-43	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	20	41	27	19	20	18	18	5.30	-1.50	-36	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.53	1.53	1.51	1.57	1.40	1.32	1.65	1.64	1.78	2.34	1.84
Price to Tangible Book Value (P/TBV)	1.65	1.65	1.63	1.70	1.52	1.44	1.79	1.79	1.94	2.55	2.22
Price to Revenue (P/Rev)	0.64	0.68	0.70	0.75	0.71	0.70	0.88	0.82	0.84	1.12	0.96
Price to Earnings (P/E)	20.77	22.80	34.06	45.69	117.87	0.00	0.00	0.00	0.00	0.00	41.23
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	4.82%	4.39%	2.94%	2.19%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	2.43%
Enterprise Value to Invested Capital (EV/IC)	1.45	1.46	1.42	1.44	1.31	1.25	1.49	1.47	1.63	2.15	1.71
Enterprise Value to Revenue (EV/Rev)	0.72	0.74	0.79	0.88	0.84	0.82	1.04	0.98	0.96	1.20	1.06
Enterprise Value to EBITDA (EV/EBITDA)	8.79	8.51	10.68	12.61	13.74	19.80	0.00	0.00	357.05	0.00	20.06
Enterprise Value to EBIT (EV/EBIT)	12.85	13.17	19.30	24.52	34.19	117.34	0.00	0.00	0.00	0.00	35.84
Enterprise Value to NOPAT (EV/NOPAT)	20.02	20.07	27.70	33.31	54.89	162.76	0.00	0.00	0.00	0.00	66.79
Enterprise Value to Operating Cash Flow (EV/OCF)	11.36	9.77	9.81	13.84	21.03	26.92	31.53	20.97	13.28	35.79	38.45
Enterprise Value to Free Cash Flow (EV/FCFF)	23.41	19.55	17.06	33.79	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.24	0.29	0.35	0.33	0.32	0.36	0.37	0.32	0.28	0.28
Long-Term Debt to Equity	0.23	0.23	0.28	0.35	0.33	0.31	0.34	0.36	0.31	0.26	0.27
Financial Leverage	0.16	0.13	0.20	0.25	0.20	0.15	0.20	0.22	0.18	0.08	0.13
Leverage Ratio	1.74	1.71	1.77	1.80	1.75	1.71	1.75	1.77	1.72	1.66	1.66
Compound Leverage Factor	1.51	1.62	1.63	1.41	1.03	1.19	1.50	8.54	1.94	1.60	1.68
Debt to Total Capital	19.31%	19.32%	22.29%	26.04%	24.89%	24.29%	26.28%	26.97%	24.29%	21.63%	21.99%
Short-Term Debt to Total Capital	0.42%	0.84%	0.84%	0.42%	0.47%	0.89%	0.91%	0.51%	0.53%	0.90%	1.22%
Long-Term Debt to Total Capital	18.90%	18.48%	21.45%	25.61%	24.42%	23.40%	25.37%	26.46%	23.76%	20.73%	20.77%
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	4.44%	4.17%	3.71%	3.66%	3.77%	3.54%	2.93%	2.90%	2.95%	3.12%	2.73%
Common Equity to Total Capital	76.25%	76.51%	74.01%	70.31%	71.34%	72.17%	70.79%	70.13%	72.77%	75.25%	75.28%
Debt to EBITDA	1.31	1.29	1.88	2.54	2.88	4.27	-12.97	-118.06	58.89	-18.74	2.88
Net Debt to EBITDA	0.60	0.43	0.92	1.51	1.75	2.40	-9.16	-87.88	35.43	-8.22	1.56
Long-Term Debt to EBITDA	1.28	1.23	1.81	2.50	2.83	4.11	-12.52	-115.81	57.61	-17.96	2.72
Debt to NOPAT	2.97	3.04	4.88	6.71	11.50	35.09	-6.25	-8.59	-8.10	-5.54	9.58
Net Debt to NOPAT	1.36	1.01	2.39	4.00	6.99	19.73	-4.41	-6.40	-4.87	-2.43	5.18
Long-Term Debt to NOPAT	2.91	2.91	4.70	6.60	11.28	33.81	-6.03	-8.43	-7.92	-5.31	9.05
Altman Z-Score	3.16	3.25	3.02	2.88	2.72	2.68	2.75	2.78	3.08	3.61	3.36
Noncontrolling Interest Sharing Ratio	5.28%	4.93%	4.39%	4.47%	4.47%	4.33%	3.73%	1.96%	1.93%	1.97%	1.85%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.75	1.87	2.02	2.27	2.27	2.26	2.12	2.28	2.26	2.24	2.17
Quick Ratio	0.92	1.13	1.23	1.30	1.28	1.33	1.14	1.09	1.20	1.31	1.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-0.67	21	33	7.88	-24	-32	2.82	-47	-16	-60	-81
Operating Cash Flow to CapEx	-8.11%	550.72%	566.67%	43.59%	95.96%	1,351.85%	155.37%	-143.35%	-7.39%	200.00%	263.57%
Free Cash Flow to Firm to Interest Expense	-0.30	7.93	10.17	2.32	-7.33	-9.68	0.88	-17.42	-6.49	-29.84	-54.00
Operating Cash Flow to Interest Expense	-0.55	14.07	13.28	1.00	2.88	11.06	5.88	-9.19	-0.54	19.10	22.67
Operating Cash Flow Less CapEx to Interest Expense	-7.27	11.52	10.94	-1.29	-0.12	10.24	2.09	-15.59	-7.88	9.55	14.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.35	1.31	1.20	1.13	1.09	1.06	0.98	1.08	1.17	1.19	1.18
Accounts Receivable Turnover	12.19	12.52	10.22	10.46	11.49	11.44	8.69	9.53	11.22	12.58	10.84
Inventory Turnover	11.07	13.36	11.81	10.05	11.02	12.10	9.44	9.53	12.10	15.76	11.90
Fixed Asset Turnover	2.49	2.36	2.17	2.06	1.93	1.88	1.87	2.06	2.20	2.29	2.34
Accounts Payable Turnover	13.44	15.55	12.92	13.91	15.00	15.50	11.45	12.12	16.53	18.44	14.86
Days Sales Outstanding (DSO)	29.95	29.15	35.72	34.90	31.77	31.89	41.99	38.30	32.53	29.02	33.66
Days Inventory Outstanding (DIO)	32.96	27.32	30.89	36.30	33.14	30.17	38.68	38.30	30.16	23.15	30.66
Days Payable Outstanding (DPO)	27.15	23.47	28.25	26.24	24.34	23.54	31.89	30.11	22.09	19.79	24.56
Cash Conversion Cycle (CCC)	35.76	32.99	38.37	44.96	40.56	38.52	48.78	46.49	40.61	32.38	39.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	648	625	634	656	641	627	654	655	613	587	649
Invested Capital Turnover	2.03	1.97	1.77	1.64	1.59	1.57	1.43	1.56	1.71	1.83	1.74
Increase / (Decrease) in Invested Capital	6.80	-1.20	-20	0.40	28	39	5.20	46	8.50	30	98
Enterprise Value (EV)	939	912	901	944	841	786	974	967	1,000	1,260	1,107
Market Capitalization	843	837	797	804	707	666	823	806	881	1,176	1,002
Book Value per Share	$7.77	$7.72	$7.44	$7.25	$7.13	$7.11	$7.06	$6.94	$6.99	$7.11	$7.69
Tangible Book Value per Share	$7.21	$7.16	$6.88	$6.69	$6.57	$6.55	$6.49	$6.37	$6.42	$6.52	$6.40
Total Capital	722	715	713	730	708	698	706	700	679	667	722
Total Debt	140	138	159	190	176	170	186	189	165	144	159
Total Long-Term Debt	137	132	153	187	173	163	179	185	161	138	150
Net Debt	64	46	78	113	107	95	131	141	99	63	86
Capital Expenditures (CapEx)	15	6.90	7.50	7.80	9.90	2.70	12	17	18	19	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	88	77	93	111	99	86	110	115	84	79	106
Debt-free Net Working Capital (DFNWC)	131	136	143	158	140	129	136	137	124	132	153
Net Working Capital (NWC)	128	130	137	155	137	123	129	134	120	126	144
Net Nonoperating Expense (NNE)	-0.07	-0.49	0.15	1.28	1.90	1.45	1.82	3.86	3.53	12	-1.00
Net Nonoperating Obligations (NNO)	65	48	80	116	110	98	134	144	99	64	86
Total Depreciation and Amortization (D&A)	8.80	10	9.00	5.70	13	10	7.70	5.90	9.40	7.60	7.20
Debt-free, Cash-free Net Working Capital to Revenue	6.74%	6.20%	8.20%	10.27%	9.95%	8.97%	11.82%	11.69%	8.01%	7.51%	10.16%
Debt-free Net Working Capital to Revenue	9.96%	11.01%	12.58%	14.66%	14.00%	13.50%	14.51%	13.94%	11.86%	12.66%	14.65%
Net Working Capital to Revenue	9.73%	10.52%	12.05%	14.37%	13.67%	12.85%	13.82%	13.57%	11.52%	12.09%	13.81%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.06	$0.25	$0.17	$0.10	$0.00	$0.06	$0.09	($0.07)	($0.12)	($0.59)	$0.26
Adjusted Weighted Average Basic Shares Outstanding	71.07M	70.91M	70.91M	70.91M	70.85M	70.73M	70.79M	70.79M	70.73M	70.67M	70.66M
Adjusted Diluted Earnings per Share	$0.05	$0.25	$0.17	$0.10	$0.00	$0.06	$0.09	($0.07)	($0.12)	($0.59)	$0.26
Adjusted Weighted Average Diluted Shares Outstanding	71.07M	70.91M	70.91M	70.91M	70.85M	70.73M	70.79M	70.79M	70.73M	70.67M	70.66M
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	71.07M	70.91M	70.91M	70.91M	70.85M	70.73M	70.79M	70.79M	70.73M	70.67M	70.66M
Normalized Net Operating Profit after Tax (NOPAT)	6.13	20	12	8.28	5.60	5.04	8.02	-0.84	-7.07	-29	17
Normalized NOPAT Margin	1.84%	5.70%	3.78%	2.78%	2.16%	1.95%	3.07%	-0.38%	-3.31%	-12.38%	5.40%
Pre Tax Income Margin	2.81%	8.27%	5.12%	3.49%	1.58%	2.25%	3.25%	-1.31%	-5.76%	-17.56%	7.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.91	11.44	5.66	3.91	2.12	2.52	3.09	-0.22	-4.54	-21.65	15.40
NOPAT to Interest Expense	2.79	7.48	3.83	2.44	1.18	2.26	2.51	-0.31	-2.95	-14.74	11.27
EBIT Less CapEx to Interest Expense	-1.82	8.89	3.31	1.62	-0.88	1.70	-0.69	-6.63	-11.88	-31.20	6.80
NOPAT Less CapEx to Interest Expense	-3.94	4.93	1.48	0.14	-1.82	1.44	-1.27	-6.72	-10.28	-24.29	2.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	4.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.65%	4.78%	0.00%	0.00%	0.00%	-19.35%	0.00%	0.00%	0.00%	0.00%	0.00%

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. Check out Mission Produce's forecast to explore projected trends and price targets.

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 5/19/2025 by MarketBeat.com Staff

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Mission Produce (AVO) Financials

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Mission Produce (AVO) Financials

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