What is Dole's operating income?

Dole's total operating income in 2025 was $222.97 million, based on the following breakdown: Total Gross Profit: $714.31 million Total Operating Expenses: $491.34 million

Dole (DOLE) Financials

$14.10 -0.17 (-1.16%)

As of 10:36 AM Eastern

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Annual Income Statements for Dole

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	55	52	-7.22	86	124	126	51
Consolidated Net Income / (Loss)	69	71	17	112	156	143	82
Net Income / (Loss) Continuing Operations	69	71	38	168	178	172	128
Total Pre-Tax Income	43	59	-21	136	206	240	168
Total Operating Income	48	67	-8.69	175	272	281	223
Total Gross Profit	302	334	344	600	694	718	714
Total Revenue	4,167	4,346	5,944	8,024	8,245	8,475	9,173
Operating Revenue	4,167	4,346	5,944	8,024	8,245	8,475	9,173
Total Cost of Revenue	3,864	4,012	5,600	7,425	7,551	7,758	8,459
Operating Cost of Revenue	3,864	4,012	5,600	7,425	7,551	7,758	8,459
Total Operating Expenses	255	266	353	425	422	437	491
Selling, General & Admin Expense	254	265	323	436	474	474	495
Other Operating Expenses / (Income)	0.75	-	-0.01	-0.19	0.00	-76	-0.61
Impairment Charge	0.00	1.21	0.00	0.40	2.22	42	12
Other Special Charges / (Income)	-	0.00	-0.56	-12	-54	-2.65	-15
Total Other Income / (Expense), net	-4.82	-8.04	-13	-39	-66	-41	-55
Interest Expense	12	11	25	56	81	72	67
Interest & Investment Income	3.08	2.60	3.81	6.41	10	11	13
Other Income / (Expense), net	4.14	-0.12	8.44	11	4.80	21	-1.57
Income Tax Expense	10	18	-11	-26	44	76	71
Other Gains / (Losses), net	37	30	48	6.73	15	8.31	31
Net Income / (Loss) Discontinued Operations	-	-	-21	-56	-22	-29	-46
Net Income / (Loss) Attributable to Noncontrolling Interest	14	19	24	25	32	18	31
Basic Earnings per Share	$0.99	$0.95	($0.10)	$0.91	$1.31	$1.32	$0.54
Weighted Average Basic Shares Outstanding	55.50M	55.51M	72.19M	94.89M	94.92M	94.97M	95.15M
Diluted Earnings per Share	$0.99	$0.94	($0.10)	$0.91	$1.30	$1.32	$0.53
Weighted Average Diluted Shares Outstanding	55.61M	55.59M	72.38M	94.91M	95.12M	95.47M	95.90M
Weighted Average Basic & Diluted Shares Outstanding	-	-	94.88M	94.90M	94.93M	95.04M	95.16M

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

Metric	Q1 2025	Q1 2026
Period end date	3/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	39	31
Consolidated Net Income / (Loss)	44	38
Net Income / (Loss) Continuing Operations	44	38
Total Pre-Tax Income	53	58
Total Operating Income	68	62
Total Gross Profit	182	185
Total Revenue	2,099	2,342
Operating Revenue	2,099	2,342
Total Cost of Revenue	1,917	2,157
Operating Cost of Revenue	1,917	2,157
Total Operating Expenses	114	123
Selling, General & Admin Expense	118	124
Other Operating Expenses / (Income)	-0.36	-1.19
Impairment Charge	0.04	1.11
Other Special Charges / (Income)	-3.80	-0.67
Total Other Income / (Expense), net	-14	-3.84
Interest Expense	17	13
Interest & Investment Income	3.04	4.21
Other Income / (Expense), net	-0.35	4.54
Income Tax Expense	18	22
Other Gains / (Losses), net	8.29	1.60
Net Income / (Loss) Discontinued Operations	0.03	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	5.25	6.44
Basic Earnings per Share	$0.41	$0.33
Weighted Average Basic Shares Outstanding	95.11M	95.17M
Diluted Earnings per Share	$0.41	$0.33
Weighted Average Diluted Shares Outstanding	95.68M	95.76M
Weighted Average Basic & Diluted Shares Outstanding	-	95.16M

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	12	31	90	-22	48	55	-64
Net Cash From Operating Activities	75	145	16	239	276	263	123
Net Cash From Continuing Operating Activities	75	145	21	324	299	263	123
Net Income / (Loss) Continuing Operations	69	71	38	168	178	172	128
Consolidated Net Income / (Loss)	69	71	17	112	156	143	82
Net Income / (Loss) Discontinued Operations	-	-	-21	-56	-22	-29	-46
Depreciation Expense	34	36	65	110	104	99	113
Amortization Expense	0.00	0.00	2.63	6.21	6.39	7.75	4.13
Non-Cash Adjustments To Reconcile Net Income	-37	-20	33	47	-42	-37	-4.60
Changes in Operating Assets and Liabilities, net	8.55	57	-118	-7.69	52	21	-117
Net Cash From Investing Activities	-42	-26	83	-67	-3.27	36	-19
Net Cash From Continuing Investing Activities	-42	-26	90	-54	5.22	36	-19
Purchase of Property, Plant & Equipment	-27	-23	-59	-86	-78	-82	-121
Acquisitions	-4.89	0.30	104	-4.89	-1.26	-0.93	-2.25
Sale of Property, Plant & Equipment	0.76	0.89	26	37	84	5.01	14
Divestitures	12	-	-	0.00	0.00	118	69
Other Investing Activities, net	-14	-8.48	20	0.16	0.97	-3.81	22
Net Cash From Financing Activities	-20	-101	-1.34	-173	-230	-238	-151
Net Cash From Continuing Financing Activities	-20	-101	-1.34	-173	-230	-238	-151
Repayment of Debt	-373	-364	-2,509	-1,412	-1,576	-1,696	-1,927
Payment of Dividends	-33	-39	-38	-52	-60	-57	-60
Issuance of Debt	386	302	2,145	1,293	1,408	1,517	1,838
Other Financing Activities, net	0.08	0.15	2.01	-2.91	-1.66	-1.57	-2.80
Effect of Exchange Rate Changes	-0.96	13	-7.79	-21	5.45	-15	18
Other Net Changes in Cash	-	-	-	-	-	9.30	-35
Cash Interest Paid	11	11	27	53	82	67	64
Cash Income Taxes Paid	17	19	27	50	64	78	100

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

Metric	Q1 2025	Q1 2026
Period end date	3/31/2025	3/31/2026
Net Change in Cash & Equivalents	-75	5.31
Net Cash From Operating Activities	-79	-22
Net Cash From Continuing Operating Activities	-79	-22
Net Income / (Loss) Continuing Operations	44	38
Consolidated Net Income / (Loss)	44	38
Net Income / (Loss) Discontinued Operations	0.03	0.00
Depreciation Expense	27	28
Amortization Expense	1.29	0.79
Non-Cash Adjustments To Reconcile Net Income	-7.56	-2.67
Changes in Operating Assets and Liabilities, net	-143	-86
Net Cash From Discontinued Operating Activities	-	0.00
Net Cash From Investing Activities	-32	-11
Net Cash From Continuing Investing Activities	-32	-11
Purchase of Property, Plant & Equipment	-53	-18
Acquisitions	0.00	0.00
Purchase of Investments	0.00	0.00
Sale of Property, Plant & Equipment	4.82	1.64
Divestitures	0.36	4.97
Other Investing Activities, net	16	0.31
Net Cash From Discontinued Investing Activities	-	0.00
Net Cash From Financing Activities	53	40
Net Cash From Continuing Financing Activities	53	40
Repayment of Debt	-249	-403
Repurchase of Common Equity	0.00	-4.64
Payment of Dividends	-9.96	-11
Issuance of Debt	312	462
Other Financing Activities, net	-0.04	-3.12
Effect of Exchange Rate Changes	5.95	-1.86
Other Net Changes in Cash	-24	0.00
Cash Interest Paid	17	14
Cash Income Taxes Paid	-9.47	-13

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

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,886	4,668	4,592	4,561	4,446	4,396
Total Current Assets	730	1,641	1,605	1,921	1,838	1,752
Cash & Equivalents	161	251	229	276	330	268
Short-Term Investments	0.00	6.12	5.37	5.90	6.02	6.42
Note & Lease Receivable	19	72	107	110	105	143
Accounts Receivable	390	845	743	655	599	661
Inventories, net	141	411	394	379	430	509
Prepaid Expenses	17	45	49	62	69	70
Other Current Assets	2.94	11	15	17	15	94
Plant, Property, & Equipment, net	220	1,431	1,116	1,102	1,120	1,082
Accumulated Depreciation	-	-	-	-	-	-1,082
Total Noncurrent Assets	936	1,572	1,854	1,522	1,488	1,563
Long-Term Investments	459	128	124	132	144	156
Goodwill	234	511	497	513	430	434
Intangible Assets	66	368	357	348	332	325
Noncurrent Deferred & Refundable Income Taxes	6.68	46	64	66	82	89
Other Noncurrent Operating Assets	171	518	467	463	500	559
Total Liabilities & Shareholders' Equity	1,886	4,668	4,592	4,561	4,446	4,396
Total Liabilities	1,198	3,423	3,273	3,140	3,011	2,894
Total Current Liabilities	690	1,371	1,461	1,717	1,569	1,494
Short-Term Debt	26	55	99	225	83	61
Accounts Payable	475	697	641	671	649	712
Accrued Expenses	123	465	382	357	443	518
Current Deferred & Payable Income Tax Liabilities	2.59	10	12	23	43	22
Current Employee Benefit Liabilities	5.79	18	17	17	18	19
Other Taxes Payable	23	35	27	28	28	36
Other Current Liabilities	35	92	84	105	90	112
Other Current Nonoperating Liabilities	-	-	199	291	214	14
Total Noncurrent Liabilities	508	2,051	1,812	1,424	1,442	1,400
Long-Term Debt	315	1,298	1,127	845	866	800
Noncurrent Deferred Revenue	0.00	40	30	17	6.21	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	22	146	118	93	85	90
Noncurrent Employee Benefit Liabilities	24	152	125	122	130	136
Other Noncurrent Operating Liabilities	147	415	295	348	355	374
Redeemable Noncontrolling Interest	30	33	32	34	36	30
Total Equity & Noncontrolling Interests	658	1,213	1,287	1,387	1,399	1,472
Total Preferred & Common Equity	535	1,081	1,161	1,250	1,293	1,364
Total Common Equity	535	1,081	1,161	1,250	1,293	1,364
Common Stock	203	793	796	798	802	805
Retained Earnings	461	413	469	563	657	676
Accumulated Other Comprehensive Income / (Loss)	-129	-126	-104	-111	-166	-117
Noncontrolling Interest	123	132	126	137	106	108

This table presents Dole'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 2026
Period end date	3/31/2026
Total Assets	4,449
Total Current Assets	1,790
Cash & Equivalents	273
Short-Term Investments	6.72
Note & Lease Receivable	123
Accounts Receivable	723
Inventories, net	491
Prepaid Expenses	78
Other Current Assets	95
Plant, Property, & Equipment, net	1,057
Accumulated Depreciation	-1,057
Total Noncurrent Assets	1,602
Long-Term Investments	154
Goodwill	431
Intangible Assets	324
Noncurrent Deferred & Refundable Income Taxes	93
Other Noncurrent Operating Assets	600
Total Liabilities & Shareholders' Equity	4,449
Total Liabilities	2,930
Total Current Liabilities	1,431
Short-Term Debt	44
Accounts Payable	703
Accrued Expenses	478
Current Deferred & Payable Income Tax Liabilities	27
Current Employee Benefit Liabilities	19
Other Taxes Payable	37
Other Current Liabilities	107
Other Current Nonoperating Liabilities	16
Total Noncurrent Liabilities	1,499
Long-Term Debt	870
Noncurrent Deferred Revenue	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	95
Noncurrent Employee Benefit Liabilities	133
Other Noncurrent Operating Liabilities	401
Redeemable Noncontrolling Interest	32
Total Equity & Noncontrolling Interests	1,487
Total Preferred & Common Equity	1,376
Total Common Equity	1,376
Common Stock	800
Retained Earnings	699
Accumulated Other Comprehensive Income / (Loss)	-123
Noncontrolling Interest	111

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	94,877,706.00	94,899,194.00	94,929,179.00	95,040,517.00	95,040,517.00
DEI Adjusted Shares Outstanding	0.00	0.00	94,877,706.00	94,899,194.00	94,929,179.00	95,040,517.00	95,040,517.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	-0.08	0.91	1.31	1.32	0.54
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	4.30%	36.77%	35.01%	2.75%	2.79%	8.23%
EBITDA Growth	0.00%	19.82%	-34.26%	344.66%	28.45%	5.21%	-17.06%
EBIT Growth	0.00%	29.58%	-100.39%	71,862.55%	49.01%	8.74%	-26.49%
NOPAT Growth	0.00%	28.92%	-113.08%	3,522.46%	3.01%	-10.51%	-32.89%
Net Income Growth	0.00%	2.69%	-76.15%	557.82%	39.30%	-7.89%	-42.84%
EPS Growth	0.00%	-5.05%	-110.64%	1,010.00%	42.86%	1.54%	-59.85%
Operating Cash Flow Growth	0.00%	92.13%	-88.67%	1,358.53%	15.53%	-4.81%	-53.10%
Free Cash Flow Firm Growth	0.00%	0.00%	-391.74%	117.81%	12.43%	-18.05%	-93.87%
Invested Capital Growth	0.00%	0.00%	434.39%	-5.01%	-6.88%	-5.22%	6.04%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	7.26%	7.68%	5.79%	7.48%	8.42%	8.47%	7.79%
EBITDA Margin	2.07%	2.37%	1.14%	3.76%	4.70%	4.81%	3.69%
Operating Margin	1.14%	1.54%	-0.15%	2.18%	3.30%	3.31%	2.43%
EBIT Margin	1.24%	1.54%	0.00%	2.32%	3.36%	3.55%	2.41%
Profit (Net Income) Margin	1.67%	1.64%	0.29%	1.39%	1.89%	1.69%	0.89%
Tax Burden Percent	162.29%	120.56%	-79.24%	82.25%	75.61%	59.85%	48.73%
Interest Burden Percent	82.67%	88.18%	8,280.31%	73.12%	74.35%	79.57%	75.98%
Effective Tax Rate	24.12%	30.68%	0.00%	-18.84%	21.17%	31.57%	42.21%
Return on Invested Capital (ROIC)	0.00%	22.72%	-0.47%	9.76%	10.68%	10.18%	6.81%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	4.98%	6.47%	-1.57%	1.46%	-0.42%	-4.28%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-2.02%	2.23%	-1.04%	0.68%	-0.14%	-1.23%
Return on Equity (ROE)	0.00%	20.71%	1.76%	8.72%	11.37%	10.04%	5.58%
Cash Return on Invested Capital (CROIC)	0.00%	-177.28%	-137.42%	14.90%	17.81%	15.54%	0.95%
Operating Return on Assets (OROA)	0.00%	3.55%	-0.01%	4.01%	6.05%	6.69%	5.01%
Return on Assets (ROA)	0.00%	3.78%	0.52%	2.41%	3.40%	3.18%	1.85%
Return on Common Equity (ROCE)	0.00%	16.10%	1.47%	7.62%	10.00%	8.94%	5.05%
Return on Equity Simple (ROE_SIMPLE)	0.00%	13.32%	1.57%	9.63%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	36	47	-6.09	208	215	192	129
NOPAT Margin	0.87%	1.07%	-0.10%	2.60%	2.60%	2.27%	1.40%
Net Nonoperating Expense Percent (NNEP)	0.00%	17.74%	-6.94%	11.32%	9.22%	10.60%	11.09%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	8.29%	8.73%	8.17%	5.52%
Cost of Revenue to Revenue	92.74%	92.32%	94.21%	92.52%	91.58%	91.53%	92.21%
SG&A Expenses to Revenue	6.09%	6.09%	5.44%	5.44%	5.75%	5.59%	5.40%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.12%	6.13%	5.93%	5.29%	5.12%	5.16%	5.36%
Earnings before Interest and Taxes (EBIT)	52	67	-0.26	186	277	301	221
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	86	103	68	302	388	408	338
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.78	0.30	0.75	0.89	0.97	1.04
Price to Tangible Book Value (P/TBV)	0.00	1.77	1.61	2.84	2.84	2.35	2.34
Price to Revenue (P/Rev)	0.10	0.10	0.05	0.11	0.13	0.15	0.15
Price to Earnings (P/E)	7.56	7.93	0.00	10.06	8.91	9.94	27.60
Dividend Yield	0.00%	0.00%	0.65%	3.49%	2.75%	2.43%	2.25%
Earnings Yield	13.24%	12.62%	0.00%	9.94%	11.22%	10.06%	3.62%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.71	0.66	0.91	1.00	1.01	1.02
Enterprise Value to Revenue (EV/Rev)	0.00	0.07	0.24	0.24	0.23	0.22	0.22
Enterprise Value to EBITDA (EV/EBITDA)	0.00	2.82	21.44	6.29	4.99	4.56	5.87
Enterprise Value to EBIT (EV/EBIT)	0.00	4.34	0.00	10.20	6.98	6.17	8.96
Enterprise Value to NOPAT (EV/NOPAT)	0.00	6.24	0.00	9.10	9.01	9.68	15.40
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	2.01	88.82	7.94	7.01	7.08	16.11
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	5.96	5.41	6.35	110.49
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.49	1.09	0.93	0.75	0.66	0.57
Long-Term Debt to Equity	0.00	0.46	1.04	0.85	0.59	0.60	0.53
Financial Leverage	0.00	-0.40	0.34	0.66	0.47	0.32	0.29
Leverage Ratio	0.00	2.74	3.39	3.61	3.34	3.15	3.01
Compound Leverage Factor	0.00	2.42	280.65	2.64	2.48	2.51	2.29
Debt to Total Capital	0.00%	33.10%	52.06%	48.18%	42.95%	39.82%	36.43%
Short-Term Debt to Total Capital	0.00%	2.49%	2.11%	3.90%	9.02%	3.50%	2.58%
Long-Term Debt to Total Capital	0.00%	30.60%	49.95%	44.29%	33.93%	36.32%	33.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	14.89%	6.34%	6.20%	6.88%	5.94%	5.83%
Common Equity to Total Capital	0.00%	52.01%	41.59%	45.61%	50.17%	54.24%	57.74%
Debt to EBITDA	0.00	3.30	19.94	4.07	2.76	2.33	2.55
Net Debt to EBITDA	0.00	-2.70	14.26	2.88	1.69	1.15	1.27
Long-Term Debt to EBITDA	0.00	3.05	19.13	3.74	2.18	2.12	2.37
Debt to NOPAT	0.00	7.32	-222.25	5.89	4.99	4.95	6.68
Net Debt to NOPAT	0.00	-5.98	-158.97	4.17	3.06	2.45	3.34
Long-Term Debt to NOPAT	0.00	6.76	-213.25	5.41	3.94	4.51	6.21
Altman Z-Score	0.00	3.00	1.52	2.22	2.45	2.66	2.83
Noncontrolling Interest Sharing Ratio	0.00%	22.26%	16.45%	12.58%	12.01%	10.96%	9.51%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.06	1.20	1.10	1.12	1.17	1.17
Quick Ratio	0.00	0.83	0.86	0.74	0.61	0.66	0.72
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-363	-1,786	318	358	293	18
Operating Cash Flow to CapEx	287.07%	647.99%	50.69%	488.65%	0.00%	339.33%	114.24%
Free Cash Flow to Firm to Interest Expense	0.00	-34.51	-71.45	5.64	4.41	4.05	0.27
Operating Cash Flow to Interest Expense	6.25	13.74	0.66	4.24	3.40	3.64	1.85
Operating Cash Flow Less CapEx to Interest Expense	4.07	11.62	-0.64	3.37	3.47	2.56	0.23
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	2.30	1.81	1.73	1.80	1.88	2.07
Accounts Receivable Turnover	0.00	11.14	9.62	10.10	11.79	13.51	14.55
Inventory Turnover	0.00	28.42	20.29	18.45	19.54	19.18	18.01
Fixed Asset Turnover	0.00	19.78	7.20	6.30	7.43	7.63	8.33
Accounts Payable Turnover	0.00	8.46	9.56	11.10	11.52	11.76	12.43
Days Sales Outstanding (DSO)	0.00	32.78	37.93	36.12	30.96	27.02	25.08
Days Inventory Outstanding (DIO)	0.00	12.84	17.99	19.78	18.68	19.03	20.27
Days Payable Outstanding (DPO)	0.00	43.17	38.17	32.87	31.70	31.04	29.37
Cash Conversion Cycle (CCC)	0.00	2.45	17.74	23.03	17.93	15.00	15.98
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	410	2,189	2,080	1,936	1,835	1,946
Invested Capital Turnover	0.00	21.22	4.57	3.76	4.11	4.49	4.85
Increase / (Decrease) in Invested Capital	0.00	410	1,780	-110	-143	-101	111
Enterprise Value (EV)	0.00	291	1,455	1,896	1,934	1,859	1,985
Market Capitalization	416	416	323	870	1,106	1,248	1,416
Book Value per Share	$0.00	$9.64	$14.97	$12.24	$13.17	$13.62	$14.35
Tangible Book Value per Share	$0.00	$4.24	$2.78	$3.23	$4.10	$5.61	$6.36
Total Capital	0.00	1,029	2,598	2,546	2,491	2,384	2,363
Total Debt	0.00	341	1,353	1,227	1,070	950	861
Total Long-Term Debt	0.00	315	1,298	1,127	845	866	800
Net Debt	0.00	-279	967	868	657	470	431
Capital Expenditures (CapEx)	26	22	32	49	-5.52	77	108
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-94	68	9.98	147	16	44
Debt-free Net Working Capital (DFNWC)	0.00	66	325	244	429	352	318
Net Working Capital (NWC)	0.00	40	270	145	204	269	257
Net Nonoperating Expense (NNE)	-33	-25	-23	97	59	49	47
Net Nonoperating Obligations (NNO)	0.00	-279	944	761	516	401	445
Total Depreciation and Amortization (D&A)	34	36	68	116	111	107	117
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-2.17%	1.15%	0.12%	1.79%	0.19%	0.48%
Debt-free Net Working Capital to Revenue	0.00%	1.52%	5.47%	3.04%	5.20%	4.15%	3.47%
Net Working Capital to Revenue	0.00%	0.93%	4.55%	1.81%	2.47%	3.17%	2.80%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.10)	$0.91	$1.31	$1.32	$0.54
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	72.19M	94.89M	94.92M	94.97M	95.15M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.10)	$0.91	$1.30	$1.32	$0.53
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	72.19M	94.91M	95.12M	95.47M	95.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	94.88M	94.90M	94.93M	95.04M	95.16M
Normalized Net Operating Profit after Tax (NOPAT)	36	48	15	115	174	219	127
Normalized NOPAT Margin	0.87%	1.10%	0.25%	1.43%	2.11%	2.58%	1.38%
Pre Tax Income Margin	1.03%	1.36%	-0.36%	1.69%	2.50%	2.83%	1.83%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	4.30	6.37	-0.01	3.30	3.41	4.17	3.33
NOPAT to Interest Expense	3.00	4.42	-0.24	3.69	2.65	2.66	1.94
EBIT Less CapEx to Interest Expense	2.12	4.25	-1.30	2.43	3.48	3.10	1.71
NOPAT Less CapEx to Interest Expense	0.82	2.30	-1.54	2.83	2.71	1.59	0.32
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	47.35%	55.14%	225.93%	46.52%	38.66%	39.92%	72.76%
Augmented Payout Ratio	47.35%	55.14%	225.93%	46.52%	38.66%	39.92%	72.76%

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

Metric	Q1 2025	Q1 2026
Period end date	3/31/2025	3/31/2026
DEI Shares Outstanding	95,040,517.00	95,164,645.00
DEI Adjusted Shares Outstanding	95,040,517.00	95,164,645.00
DEI Earnings Per Adjusted Shares Outstanding	0.41	0.33
Growth Metrics	-	-
Revenue Growth	0.00%	11.56%
EBITDA Growth	0.00%	-0.04%
EBIT Growth	0.00%	-1.57%
NOPAT Growth	0.00%	-15.44%
Net Income Growth	0.00%	-14.55%
EPS Growth	0.00%	-19.51%
Operating Cash Flow Growth	0.00%	71.48%
Free Cash Flow Firm Growth	0.00%	0.00%
Invested Capital Growth	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%
Profitability Metrics	-	-
Gross Margin	8.68%	7.90%
EBITDA Margin	4.54%	4.07%
Operating Margin	3.23%	2.65%
EBIT Margin	3.22%	2.84%
Profit (Net Income) Margin	2.10%	1.61%
Tax Burden Percent	82.67%	64.93%
Interest Burden Percent	79.07%	87.40%
Effective Tax Rate	32.91%	37.82%
Return on Invested Capital (ROIC)	0.00%	15.37%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	15.05%
Return on Net Nonoperating Assets (RNNOA)	0.00%	4.92%
Return on Equity (ROE)	0.00%	20.29%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	6.01%
Return on Assets (ROA)	0.00%	3.41%
Return on Common Equity (ROCE)	0.00%	18.38%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	46	39
NOPAT Margin	2.17%	1.64%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.32%
Return On Investment Capital (ROIC_SIMPLE)	-	1.60%
Cost of Revenue to Revenue	91.32%	92.10%
SG&A Expenses to Revenue	5.64%	5.28%
R&D to Revenue	0.00%	0.00%
Operating Expenses to Revenue	5.44%	5.25%
Earnings before Interest and Taxes (EBIT)	68	66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	95	95
Valuation Ratios	-	-
Price to Book Value (P/BV)	0.00	0.99
Price to Tangible Book Value (P/TBV)	0.00	2.19
Price to Revenue (P/Rev)	0.00	0.14
Price to Earnings (P/E)	0.00	31.12
Dividend Yield	2.27%	2.38%
Earnings Yield	0.00%	3.21%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.98
Enterprise Value to Revenue (EV/Rev)	0.00	0.21
Enterprise Value to EBITDA (EV/EBITDA)	0.00	5.87
Enterprise Value to EBIT (EV/EBIT)	0.00	9.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	16.21
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	11.05
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00
Leverage & Solvency	-	-
Debt to Equity	0.00	0.60
Long-Term Debt to Equity	0.00	0.57
Financial Leverage	0.00	0.33
Leverage Ratio	0.00	2.93
Compound Leverage Factor	0.00	2.56
Debt to Total Capital	0.00%	37.58%
Short-Term Debt to Total Capital	0.00%	1.82%
Long-Term Debt to Total Capital	0.00%	35.76%
Preferred Equity to Total Capital	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	5.87%
Common Equity to Total Capital	0.00%	56.55%
Debt to EBITDA	0.00	2.70
Net Debt to EBITDA	0.00	1.42
Long-Term Debt to EBITDA	0.00	2.57
Debt to NOPAT	0.00	7.47
Net Debt to NOPAT	0.00	3.93
Long-Term Debt to NOPAT	0.00	7.11
Altman Z-Score	0.00	2.76
Noncontrolling Interest Sharing Ratio	0.00%	9.40%
Liquidity Ratios	-	-
Current Ratio	0.00	1.25
Quick Ratio	0.00	0.79
Cash Flow Metrics	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,977
Operating Cash Flow to CapEx	-164.10%	-139.43%
Free Cash Flow to Firm to Interest Expense	0.00	-157.10
Operating Cash Flow to Interest Expense	-4.59	-1.79
Operating Cash Flow Less CapEx to Interest Expense	-7.38	-3.07
Efficiency Ratios	-	-
Asset Turnover	0.00	2.12
Accounts Receivable Turnover	0.00	13.02
Inventory Turnover	0.00	17.72
Fixed Asset Turnover	0.00	8.90
Accounts Payable Turnover	0.00	12.38
Days Sales Outstanding (DSO)	0.00	28.03
Days Inventory Outstanding (DIO)	0.00	20.60
Days Payable Outstanding (DPO)	0.00	29.49
Cash Conversion Cycle (CCC)	0.00	19.14
Capital & Investment Metrics	-	-
Invested Capital	0.00	2,016
Invested Capital Turnover	0.00	9.34
Increase / (Decrease) in Invested Capital	0.00	2,016
Enterprise Value (EV)	0.00	1,983
Market Capitalization	1,341	1,360
Book Value per Share	$0.00	$14.46
Tangible Book Value per Share	$0.00	$6.53
Total Capital	0.00	2,433
Total Debt	0.00	915
Total Long-Term Debt	0.00	870
Net Debt	0.00	481
Capital Expenditures (CapEx)	48	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	123
Debt-free Net Working Capital (DFNWC)	0.00	403
Net Working Capital (NWC)	0.00	358
Net Nonoperating Expense (NNE)	1.40	0.79
Net Nonoperating Obligations (NNO)	0.00	497
Total Depreciation and Amortization (D&A)	28	29
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	1.30%
Debt-free Net Working Capital to Revenue	0.00%	4.28%
Net Working Capital to Revenue	0.00%	3.81%
Earnings Adjustments	-	-
Adjusted Basic Earnings per Share	$0.00	$0.33
Adjusted Weighted Average Basic Shares Outstanding	0.00	95.17M
Adjusted Diluted Earnings per Share	$0.00	$0.33
Adjusted Weighted Average Diluted Shares Outstanding	0.00	95.76M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	95.16M
Normalized Net Operating Profit after Tax (NOPAT)	43	39
Normalized NOPAT Margin	2.05%	1.66%
Pre Tax Income Margin	2.54%	2.48%
Debt Service Ratios	-	-
EBIT to Interest Expense	3.93	5.28
NOPAT to Interest Expense	2.65	3.06
EBIT Less CapEx to Interest Expense	1.14	4.00
NOPAT Less CapEx to Interest Expense	-0.14	1.78
Payout Ratios	-	-
Dividend Payout Ratio	0.00%	79.85%
Augmented Payout Ratio	0.00%	79.85%

Financials Breakdown Chart

Key Financial Trends

Dole’s Q1 2026 results showed stronger revenue growth, but profitability and cash flow were weaker than a year ago. The company posted higher sales and gross profit, yet operating cash flow was negative in the quarter and free cash generation was pressured by a large working-capital outflow. At the same time, Dole reduced debt meaningfully, which improves the balance sheet even though leverage still looks significant.

Revenue rose 11.6% year over year, increasing to $2.34 billion from $2.10 billion in Q1 2025. That suggests solid demand and better top-line momentum.
Gross profit improved slightly to $185.0 million from $182.2 million, showing the company was able to grow sales without sacrificing gross profit dollars.
Operating income declined only modestly to $62.0 million from $67.9 million, indicating operating profitability held up reasonably well despite inflationary and market pressures.
Debt was reduced significantly, with $403.2 million of debt repayment in the quarter. That is a meaningful step toward strengthening the capital structure.
Cash and equivalents remained healthy at $273.2 million, giving Dole some liquidity cushion.
EPS was flat year over year at $0.33, down from $0.41 in the prior-year quarter on a common-share basis, reflecting some pressure from noncontrolling interests and lower earnings quality at the bottom line.
Operating expenses rose faster than gross profit, with SG&A up to $123.8 million from $118.4 million, which limited operating margin expansion.
Interest expense declined to $12.6 million from $17.2 million, which may reflect lower debt levels or improved financing terms.
Dividends and share repurchases continued, with $10.6 million paid in dividends and $4.6 million spent on repurchases, signaling ongoing shareholder returns despite softer cash generation.
Operating cash flow was negative at $22.5 million, a sharp deterioration from negative $78.8 million a year ago and still a concern because core operations did not generate cash in the quarter.
Working capital was a major drag, with changes in operating assets and liabilities consuming $86.4 million of cash. This is the biggest reason operating cash flow stayed negative.
Investing cash outflow remained elevated at $10.8 million, driven mainly by capital spending of $17.8 million. That is not excessive, but it adds to cash pressure when operating cash flow is weak.
Net cash from financing was positive because of new borrowing: Dole issued $462.1 million of debt, which more than offset repayments and funded the quarter. That supports liquidity, but it also shows the business still leans on debt financing.
Total liabilities were high at $2.93 billion versus total equity of $1.38 billion, leaving the balance sheet levered and sensitive to earnings or cash flow weakness.

Bottom line: Dole’s Q1 2026 report looks like a mixed bag. Revenue and gross profit trends were encouraging, and debt reduction is a plus. But negative operating cash flow, heavy working-capital use, and continued reliance on borrowing suggest investors should watch whether earnings growth can translate into sustained cash generation.

07/21/26 08:59 AM ETAI Generated. May Contain Errors.

Dole Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Dole's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Dole's net income appears to be on an upward trend, with a most recent value of $81.98 million in 2025, rising from $69.39 million in 2019. The previous period was $143.42 million in 2024. View Dole's forecast to see where analysts expect Dole to go next.

Dole's total operating income in 2025 was $222.97 million, based on the following breakdown:

Total Gross Profit: $714.31 million
Total Operating Expenses: $491.34 million

Over the last 6 years, Dole's total revenue changed from $4.17 billion in 2019 to $9.17 billion in 2025, a change of 120.1%.

Dole's total liabilities were at $2.89 billion at the end of 2025, a 3.9% decrease from 2024, and a 141.7% increase since 2020.

In the past 5 years, Dole's cash and equivalents has ranged from $160.50 million in 2020 to $330.02 million in 2024, and is currently $267.85 million as of their latest financial filing in 2025.

Over the last 6 years, Dole's book value per share changed from 0.00 in 2019 to 14.35 in 2025, a change of 1,435.3%.

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Financial statements for NYSE:DOLE last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Dole (DOLE) Financials

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Dole (DOLE) Financials

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