What is Maui Land & Pineapple's operating income?

Maui Land & Pineapple's total operating income in 2025 was -$4.55 million, based on the following breakdown: Total Gross Profit: $14.11 million Total Operating Expenses: $18.67 million

Maui Land & Pineapple (MLP) Financials

$16.86 -0.35 (-2.06%)

Closing price 07/17/2026 03:59 PM Eastern

Extended Trading

$16.88 +0.02 (+0.11%)

As of 07/17/2026 04:10 PM Eastern

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Annual Income Statements for Maui Land & Pineapple

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

Metric	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2016	12/31/2017	12/31/2018	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	18	92	47	-2.83	-12	-5.16	-3.42	1.79	-3.08	-7.39	-11
Consolidated Net Income / (Loss)	18	22	11	0.00	-10	-2.60	-3.42	1.79	-3.08	-7.39	-11
Net Income / (Loss) Continuing Operations	18	92	47	0.35	-7.01	-2.27	-3.20	1.79	-3.08	-7.44	-11
Total Pre-Tax Income	18	73	36	-4.51	-1.79	-4.34	1.53	1.72	-3.08	-7.42	-4.76
Total Operating Income	20	75	37	-4.66	-1.59	-2.55	1.64	9.61	-4.97	-7.35	-4.55
Total Gross Profit	32	91	45	16	18	13	10	18	7.16	8.98	14
Total Revenue	33	94	49	17	20	15	12	21	9.29	12	19
Operating Revenue	33	94	49	17	20	15	12	21	9.29	12	19
Total Cost of Revenue	0.90	2.22	3.68	1.11	2.22	1.79	2.11	2.57	2.13	2.58	5.35
Operating Cost of Revenue	0.90	2.22	3.68	1.11	2.22	1.79	2.11	2.57	2.13	2.58	5.35
Total Operating Expenses	12	17	8.94	21	19	18	8.70	17	12	16	19
Selling, General & Admin Expense	1.97	2.20	3.39	16	13	13	2.57	2.80	4.00	4.30	4.74
Depreciation Expense	2.30	1.98	1.76	1.49	1.41	1.29	1.19	1.11	0.87	0.72	1.14
Other Operating Expenses / (Income)	7.79	12	3.80	3.60	4.96	4.57	4.94	13	7.27	11	13
Other Special Charges / (Income)	0.39	-	-	-	-	-	-	-	0.00	-0.05	0.02
Total Other Income / (Expense), net	-2.27	-1.66	-0.19	0.16	-0.20	0.76	-0.11	-0.01	1.89	-0.06	-0.22
Interest Expense	2.27	1.66	0.19	-0.16	0.20	0.13	0.12	0.01	0.01	0.06	0.22
Other Gains / (Losses), net	-	18	11	-3.47	-0.22	-0.48	-4.73	0.07	-	-0.02	-5.80
Basic Earnings per Share	$0.94	$1.15	$0.57	$0.03	($0.54)	($0.14)	-	$0.09	($0.15)	($0.38)	($0.54)
Weighted Average Basic Shares Outstanding	18.79M	19.02M	19.10M	19.18M	19.30M	19.36M	19.43M	19.61M	19.68M	19.74M	19.87M
Weighted Average Diluted Shares Outstanding	18.79M	19.02M	19.10M	19.18M	19.30M	19.36M	19.43M	19.61M	19.68M	19.74M	19.87M
Weighted Average Basic & Diluted Shares Outstanding	18.79M	19.02M	19.10M	19.18M	19.30M	19.36M	19.43M	19.61M	19.68M	19.74M	19.87M

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-1.19	0.59	-1.38	-1.87	-2.24	-1.91	-8.64	-1.00	0.24	-1.18	-2.06
Consolidated Net Income / (Loss)	-1.19	0.59	-1.38	-1.87	-2.24	-1.91	-8.64	-1.00	0.24	-1.18	-2.06
Net Income / (Loss) Continuing Operations	-1.19	0.59	-1.38	-1.87	-2.24	-1.96	-8.64	-1.00	0.24	-1.16	-2.04
Total Pre-Tax Income	-1.19	0.83	-1.40	-1.88	-2.23	-1.90	-8.64	-0.77	-0.42	-1.75	-2.08
Total Operating Income	-1.19	-1.07	-1.40	-1.88	-2.23	-1.84	-1.78	-0.71	-0.36	-1.70	-2.02
Total Gross Profit	1.79	1.93	1.78	2.15	2.54	2.51	1.51	3.39	3.83	4.02	0.46
Total Revenue	2.10	2.42	2.48	2.65	3.03	3.41	5.80	4.60	4.53	4.53	3.41
Operating Revenue	2.10	2.42	2.48	2.65	3.03	3.41	5.80	4.60	4.53	4.53	3.41
Total Cost of Revenue	0.31	0.49	0.70	0.49	0.49	0.90	4.30	1.22	0.69	0.51	2.95
Operating Cost of Revenue	0.31	0.49	0.70	0.49	0.49	0.90	4.30	1.22	0.69	0.51	2.95
Total Operating Expenses	2.98	3.00	3.18	4.03	4.77	4.30	3.28	4.10	4.19	5.73	2.49
Selling, General & Admin Expense	0.94	1.00	1.06	1.12	1.16	0.96	1.52	1.03	1.06	1.14	1.30
Depreciation Expense	0.19	0.19	0.17	0.17	0.19	0.19	0.19	0.36	0.29	0.30	0.23
Other Operating Expenses / (Income)	1.85	1.81	1.95	2.75	3.43	3.20	1.58	2.72	2.84	4.28	0.94
Other Special Charges / (Income)	-	-	0.00	0.00	0.00	-	-0.00	0.00	0.00	0.02	0.02
Total Other Income / (Expense), net	-0.00	1.90	-0.00	-0.00	-0.00	-0.06	-6.86	-0.06	-0.06	-0.06	-0.06
Interest Expense	0.00	-	0.00	0.00	0.00	0.06	0.05	0.06	0.06	0.06	0.06
Other Gains / (Losses), net	-0.00	-	0.03	0.01	-0.00	-0.06	-	-0.23	0.66	0.59	0.04
Basic Earnings per Share	($0.06)	-	($0.07)	($0.10)	($0.11)	-	($0.44)	($0.05)	$0.01	($0.06)	($0.10)
Weighted Average Basic Shares Outstanding	19.62M	19.68M	19.69M	19.69M	19.63M	19.74M	19.74M	19.74M	19.74M	19.87M	19.86M
Weighted Average Diluted Shares Outstanding	19.62M	19.68M	19.69M	19.69M	19.63M	19.74M	19.74M	19.74M	19.74M	19.87M	19.86M
Weighted Average Basic & Diluted Shares Outstanding	19.62M	19.68M	19.69M	19.69M	19.63M	19.74M	19.74M	19.74M	19.74M	19.87M	19.86M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	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	0.67	-0.49	0.43	-0.41	0.06	2.59	4.73	2.91	-2.81	1.14	-1.54
Net Cash From Operating Activities	12	34	8.35	0.88	1.77	2.20	1.39	6.26	-1.37	0.74	4.15
Net Cash From Continuing Operating Activities	11	34	8.35	2.43	3.65	4.42	2.77	6.10	-1.37	0.74	4.15
Net Income / (Loss) Continuing Operations	6.81	22	11	0.00	-10	-2.60	-3.42	1.79	-3.08	-7.39	-11
Consolidated Net Income / (Loss)	6.81	22	11	0.00	10	-2.60	-3.42	1.79	-3.08	-7.39	-11
Depreciation Expense	2.31	2.99	1.94	1.56	-1.50	1.40	1.30	1.12	0.79	0.72	1.14
Non-Cash Adjustments To Reconcile Net Income	2.67	0.88	-6.24	0.56	0.46	3.29	2.55	0.88	1.13	9.35	3.49
Changes in Operating Assets and Liabilities, net	-0.01	8.75	1.76	0.31	-7.56	2.33	2.34	2.31	-0.21	-1.95	10
Net Cash From Investing Activities	0.04	-0.33	-1.52	-0.71	-0.99	-0.52	4.10	-3.02	-0.86	-2.10	-3.38
Net Cash From Continuing Investing Activities	0.04	-0.33	19	0.71	-0.99	-0.52	4.10	-3.02	-0.86	-2.10	-3.38
Purchase of Property, Plant & Equipment	0.00	-0.27	0.00	-0.31	-0.71	-0.08	-0.03	0.00	-0.62	-1.87	-2.56
Purchase of Investments	-	-	-	-	-	-	0.00	-3.08	-3.11	-3.17	-0.02
Divestitures	-	-	-	-	-	-	-	-	0.00	0.98	1.15
Sale and/or Maturity of Investments	-	-	13	-	-	-	0.00	0.10	2.96	3.62	2.70
Other Investing Activities, net	-0.01	-0.06	-1.52	-0.40	-0.28	-0.44	-0.07	-0.03	-0.09	-1.66	-4.65
Net Cash From Financing Activities	-9.99	-34	-6.40	-0.58	-0.72	-1.50	-0.76	-0.34	-0.57	2.87	-0.24
Net Cash From Continuing Financing Activities	-9.99	-34	-6.40	1.58	-0.72	-1.31	-0.76	-0.34	-0.57	2.87	-0.24
Repayment of Debt	-10	-61	-5.92	-0.50	-1.70	-2.23	-0.80	-	0.00	-0.02	-0.97
Repurchase of Common Equity	-0.38	-0.32	-0.78	-0.58	-0.65	-0.66	-0.56	-0.34	-0.57	-0.11	-0.27
Issuance of Debt	0.60	28	0.30	0.50	1.50	1.40	0.60	-	0.00	3.00	1.00

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-0.28	-1.27	-0.32	-1.64	2.26	1.21	0.89	-1.19	0.04	-1.28	0.57
Net Cash From Operating Activities	0.25	-1.17	-0.01	-0.53	0.69	0.22	0.16	-0.87	-0.93	5.80	-2.02
Net Cash From Continuing Operating Activities	-	-1.37	0.00	-	-	0.74	0.00	-	-	4.15	0.00
Net Income / (Loss) Continuing Operations	-	-3.08	0.00	-	-	-7.39	0.00	-	-	-11	0.00
Net Cash From Investing Activities	-0.70	0.11	-0.25	-1.10	-1.27	0.52	1.19	-0.44	-0.66	-3.47	-1.23
Net Cash From Continuing Investing Activities	-0.70	0.11	-0.25	-1.10	-1.27	0.52	1.19	-0.44	-0.66	-3.47	-1.23
Purchase of Investments	-0.68	-0.68	-1.34	-0.82	-1.00	-0.02	-0.01	-0.01	-	-	0.00
Sale and/or Maturity of Investments	0.66	0.63	1.30	0.76	1.12	0.43	1.12	1.09	-0.28	0.12	0.00
Other Investing Activities, net	-0.67	0.78	-0.19	-1.05	-1.40	0.97	0.08	-1.53	-0.37	-2.17	-1.23
Net Cash From Financing Activities	-0.02	-0.01	-0.07	-0.01	2.99	-0.04	-0.30	-0.03	-0.02	0.11	1.79
Net Cash From Continuing Financing Activities	-0.02	-0.01	-0.07	-0.01	2.99	-0.04	-0.30	-0.03	-0.02	0.11	1.79
Repayment of Debt	-	-	0.00	-	-	-	-0.10	-0.13	0.09	-0.84	-1.13
Repurchase of Common Equity	-0.02	-0.01	-0.07	-0.01	-0.01	-0.02	-0.20	0.10	-0.11	-0.05	-0.58
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	1.00	3.50

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	47	39	45	48	39	38	38	42	42	50	48
Total Current Assets	3.09	2.75	2.34	12	9.55	9.75	10	15	10	15	9.10
Cash & Equivalents	1.09	0.60	1.03	0.62	0.68	0.87	5.60	8.50	5.70	6.84	5.30
Accounts Receivable	1.53	1.50	0.94	0.99	1.17	1.36	1.10	0.89	1.17	5.02	1.37
Prepaid Expenses	0.21	0.19	0.16	0.04	0.10	0.08	0.33	0.37	0.47	0.51	0.61
Other Current Assets	-	-	-	-	-	-	-	-	0.00	0.08	1.83
Plant, Property, & Equipment, net	33	26	31	22	20	19	17	16	16	17	18
Total Noncurrent Assets	11	10	12	15	9.85	10	11	11	16	18	21
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	0.02	0.52
Other Noncurrent Operating Assets	11	10	12	12	9.85	10	11	11	14	17	20
Total Liabilities & Shareholders' Equity	47	39	45	48	39	38	38	42	42	50	48
Total Liabilities	58	21	14	17	16	18	14	8.63	7.52	17	15
Total Current Liabilities	44	2.40	1.85	4.79	2.95	2.95	2.40	2.31	2.48	11	7.36
Short-Term Debt	41	-	0.00	1.24	0.00	0.20	-	-	0.00	3.09	0.09
Accounts Payable	0.68	0.57	0.70	2.02	1.36	0.90	0.58	0.59	1.15	2.32	2.77
Current Deferred Revenue	-	-	-	-	0.00	0.26	0.22	0.23	0.22	0.83	0.83
Current Employee Benefit Liabilities	0.77	0.78	0.95	0.98	1.09	1.14	1.09	1.01	0.64	1.05	2.78
Other Current Liabilities	0.73	0.60	0.20	0.55	0.50	0.45	0.51	0.48	0.47	3.92	0.89
Total Noncurrent Liabilities	14	19	12	12	13	15	12	6.33	5.04	5.75	7.54
Long-Term Debt	0.00	6.86	1.24	0.00	1.04	-	-	-	0.00	0.17	4.10
Noncurrent Deferred Revenue	3.21	2.79	0.22	2.56	2.67	4.45	3.94	3.69	3.48	3.20	3.03
Other Noncurrent Operating Liabilities	0.22	0.04	2.49	0.05	0.06	0.08	0.05	0.03	0.01	0.01	0.41
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-11	18	31	31	23	20	24	34	35	33	33
Total Preferred & Common Equity	-11	18	31	31	23	20	24	34	35	33	33
Preferred Stock	-	-	-	-	-	-	-	-	0.00	0.00	0.00
Total Common Equity	-11	18	31	31	23	20	24	34	35	33	33
Common Stock	87	87	88	89	90	91	92	93	95	101	105
Retained Earnings	-69	-47	-36	-36	-46	-49	-52	-51	-54	-61	-72
Accumulated Other Comprehensive Income / (Loss)	-29	-22	-20	-22	-21	-22	-16	-8.27	-6.90	-6.89	-0.28

This table presents Maui Land & Pineapple'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	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	43	42	41	41	42	42	46	47	46	46	48
Total Current Assets	16	16	15	14	9.57	8.66	11	13	11	10	8.00
Cash & Equivalents	11	8.65	7.25	6.77	5.38	3.73	6.14	7.88	6.54	4.93	3.85
Accounts Receivable	1.13	0.92	1.25	0.87	1.25	1.34	1.53	2.65	1.82	2.41	1.89
Prepaid Expenses	0.66	0.34	0.50	0.74	0.35	0.64	0.80	0.38	0.95	1.07	0.40
Other Current Assets	-	-	-	-	-	-	-	0.08	1.60	1.60	1.86
Plant, Property, & Equipment, net	16	16	16	16	16	16	17	17	18	18	18
Total Noncurrent Assets	11	11	11	11	16	17	17	17	17	18	22
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	-	0.55
Other Noncurrent Operating Assets	11	11	11	11	14	15	16	17	17	18	21
Total Liabilities & Shareholders' Equity	43	42	41	41	42	42	46	47	46	46	48
Total Liabilities	8.36	8.94	8.50	9.01	7.50	7.72	12	21	19	12	16
Total Current Liabilities	2.58	2.68	2.27	2.81	2.55	2.91	4.01	16	15	7.35	5.78
Short-Term Debt	-	-	-	-	-	-	0.09	3.09	3.09	3.09	0.09
Accounts Payable	0.63	0.65	0.46	1.13	1.41	1.31	2.29	2.46	2.34	2.07	1.68
Current Deferred Revenue	0.52	0.51	0.45	0.29	0.31	0.51	0.31	1.15	1.00	0.90	1.11
Current Employee Benefit Liabilities	0.96	1.05	0.88	0.93	0.36	0.57	0.77	7.60	7.72	0.72	2.22
Other Current Liabilities	0.48	0.48	0.49	0.47	0.48	0.52	0.55	1.46	0.61	0.56	0.69
Total Noncurrent Liabilities	5.79	6.26	6.23	6.20	4.95	4.80	7.92	4.76	4.70	4.77	10
Long-Term Debt	-	-	-	-	-	-	3.00	0.16	0.14	0.12	6.59
Noncurrent Deferred Revenue	3.72	3.62	3.58	3.55	3.41	3.27	3.22	3.14	3.10	3.07	2.99
Other Noncurrent Operating Liabilities	0.05	0.02	0.02	0.02	0.01	0.03	0.22	0.02	0.01	0.13	0.46
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	35	33	33	32	35	34	34	27	26	34	32
Total Preferred & Common Equity	35	33	33	32	35	34	34	27	26	34	32
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	35	33	33	32	35	34	34	27	26	34	32
Common Stock	92	93	94	95	96	98	100	103	104	104	106
Retained Earnings	-43	-52	-53	-54	-55	-57	-59	-70	-71	-70	-74
Accumulated Other Comprehensive Income / (Loss)	-15	-8.19	-8.10	-8.02	-6.83	-6.76	-6.69	-6.81	-6.81	-0.21	-0.28

This table displays calculated financial ratios and metrics derived from Maui Land & Pineapple's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	18,904,501.00	19,021,014.00	19,109,499.00	19,188,380.00	19,307,806.00	19,364,153.00	19,437,793.00	-	-	-	19,741,709.00
DEI Adjusted Shares Outstanding	18,904,501.00	19,021,014.00	19,109,499.00	19,188,380.00	19,307,806.00	19,364,153.00	19,437,793.00	-	-	-	19,741,709.00
DEI Earnings Per Adjusted Shares Outstanding	0.36	4.81	2.48	-0.15	-0.62	-0.27	-0.18	-	-	-	-0.54
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	-47.48%	-64.86%	16.30%	-24.94%	-17.49%	68.45%	-55.68%	24.50%	68.24%
EBITDA Growth	-89.71%	3,267.72%	-50.49%	-108.07%	0.52%	91.71%	1,252.73%	263.37%	-121.35%	-189.69%	48.54%
EBIT Growth	-100.00%	0.00%	-51.10%	-112.76%	65.86%	-4.15%	199.52%	482.24%	-132.00%	-139.23%	38.17%
NOPAT Growth	-100.00%	0.00%	-51.10%	-108.93%	65.86%	-60.30%	191.64%	486.87%	-136.22%	-47.94%	38.17%
Net Income Growth	-61.37%	220.18%	-50.03%	-100.00%	0.00%	74.88%	-31.34%	152.25%	-272.36%	-139.97%	-43.13%
EPS Growth	0.00%	0.00%	-50.43%	-94.74%	-1,900.00%	74.07%	0.00%	0.00%	0.00%	-153.33%	0.00%
Operating Cash Flow Growth	2,408.91%	187.51%	-75.35%	-89.44%	100.91%	24.15%	-36.95%	351.55%	-121.89%	126.99%	460.81%
Free Cash Flow Firm Growth	-10.24%	1,266.79%	-63.88%	-85.31%	66.06%	-75.89%	-173.71%	514.02%	-263.20%	19.45%	-34.59%
Invested Capital Growth	-16.85%	-18.62%	32.29%	-24.14%	-34.61%	-22.59%	24.18%	29.70%	25.96%	6.94%	23.17%
Revenue Q/Q Growth	0.00%	0.00%	-41.10%	-10.28%	8.29%	44.36%	-41.15%	6.27%	2.69%	-5.20%	6.09%
EBITDA Q/Q Growth	-94.37%	3,792.19%	-34.47%	-118.68%	61.00%	94.21%	-44.83%	-6.28%	33.96%	-56.47%	6.98%
EBIT Q/Q Growth	-100.00%	0.00%	-35.81%	-131.45%	82.59%	71.12%	-60.05%	-6.95%	30.56%	-48.45%	3.09%
NOPAT Q/Q Growth	-100.00%	0.00%	-35.81%	-122.02%	82.59%	55.55%	-60.36%	-6.95%	-12.29%	-48.45%	3.09%
Net Income Q/Q Growth	-74.36%	60.61%	-43.00%	100.00%	-4,263.05%	76.21%	-5,281.82%	-67.84%	73.61%	-51.11%	6.43%
EPS Q/Q Growth	0.00%	59.72%	-66.67%	113.64%	-515.38%	75.44%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-1.37%	22.05%	-67.45%	-47.37%	127.76%	63.08%	-38.03%	-8.81%	-68,650.00%	136.03%	391.64%
Free Cash Flow Firm Q/Q Growth	-78.39%	2,026.35%	-47.52%	-74.74%	177.00%	-87.42%	-130.74%	21.03%	-282.33%	33.20%	-2.62%
Invested Capital Q/Q Growth	-12.43%	-19.56%	0.32%	-18.64%	-51.42%	-16.10%	3.85%	-5.27%	24.73%	-1.01%	0.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	97.63%	92.52%	93.58%	88.97%	88.11%	83.08%	87.72%	77.10%	77.68%	72.50%
EBITDA Margin	0.00%	83.03%	78.27%	-17.97%	-15.37%	-1.70%	23.72%	51.16%	-24.64%	-57.34%	-17.54%
Operating Margin	0.00%	79.84%	74.33%	-26.99%	-7.92%	-16.92%	13.16%	45.83%	-53.51%	-63.59%	-23.37%
EBIT Margin	0.00%	79.84%	74.33%	-26.99%	-7.92%	-10.99%	13.26%	45.83%	-33.09%	-63.59%	-23.37%
Profit (Net Income) Margin	0.00%	23.30%	22.17%	0.00%	-51.60%	-17.27%	-27.49%	8.53%	-33.16%	-63.91%	-54.37%
Tax Burden Percent	100.00%	29.85%	29.98%	0.00%	579.11%	59.94%	-223.82%	104.14%	100.00%	99.68%	222.11%
Interest Burden Percent	0.00%	97.78%	99.48%	96.65%	112.44%	262.00%	92.61%	17.86%	100.20%	100.83%	104.75%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	284.93%	133.67%	-11.92%	-5.70%	-13.04%	12.21%	56.33%	-15.99%	-20.51%	-10.99%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	53.10%	-752.10%	-101.31%	121.53%	-2.39%	72.24%	123.59%	-19.19%	4.87%	166.26%
Return on Net Nonoperating Assets (RNNOA)	0.00%	356.38%	-89.08%	11.92%	-32.97%	0.86%	-27.88%	-50.10%	6.99%	-1.27%	-20.94%
Return on Equity (ROE)	-52.16%	641.31%	44.59%	0.00%	-38.67%	-12.18%	-15.67%	6.23%	-9.00%	-21.78%	-31.94%
Cash Return on Invested Capital (CROIC)	18.40%	305.46%	105.87%	15.53%	36.14%	12.43%	-9.36%	30.47%	-38.97%	-27.21%	-31.76%
Operating Return on Assets (OROA)	0.00%	174.86%	87.34%	-10.03%	-3.65%	-4.27%	4.32%	23.92%	-7.26%	-15.92%	-9.27%
Return on Assets (ROA)	0.00%	51.04%	26.05%	0.00%	-23.75%	-6.71%	-8.95%	4.45%	-7.28%	-16.00%	-21.57%
Return on Common Equity (ROCE)	-52.16%	641.31%	44.59%	0.00%	-38.67%	-12.18%	-15.67%	6.23%	-9.00%	-21.78%	-31.94%
Return on Equity Simple (ROE_SIMPLE)	-62.28%	122.95%	35.00%	0.00%	-45.68%	-12.98%	-14.50%	5.29%	-8.88%	-22.27%	0.00%
Net Operating Profit after Tax (NOPAT)	0.00	75	37	-3.26	-1.11	-1.79	1.64	9.61	-3.48	-5.15	-3.18
NOPAT Margin	0.00%	79.84%	74.33%	-18.90%	-5.55%	-11.85%	13.16%	45.83%	-37.46%	-44.51%	-16.36%
Net Nonoperating Expense Percent (NNEP)	-15.17%	231.83%	885.77%	89.39%	-127.24%	-10.65%	-60.03%	-67.27%	3.20%	-25.38%	-177.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	28.45%	-10.03%	-14.13%	-8.54%
Cost of Revenue to Revenue	0.00%	2.37%	7.48%	6.42%	11.03%	11.89%	16.92%	12.28%	22.90%	22.32%	27.50%
SG&A Expenses to Revenue	0.00%	2.35%	6.90%	91.11%	65.18%	83.14%	20.65%	13.33%	43.04%	37.16%	24.38%
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	0.00%	17.79%	18.19%	120.57%	96.90%	121.96%	69.93%	79.51%	130.62%	140.86%	95.94%
Earnings before Interest and Taxes (EBIT)	0.00	75	37	-4.66	-1.59	-1.66	1.65	9.61	-3.07	-7.35	-4.55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.31	78	38	-3.10	-3.09	-0.26	2.95	11	-2.29	-6.63	-3.41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	7.72	10.62	6.16	9.57	11.13	8.21	5.44	8.99	13.00	10.11
Price to Tangible Book Value (P/TBV)	0.00	7.72	10.62	6.16	9.57	11.13	8.21	5.44	8.99	13.00	10.11
Price to Revenue (P/Rev)	0.00	1.46	6.72	11.02	10.81	14.81	15.56	8.77	33.57	37.31	17.19
Price to Earnings (P/E)	0.00	1.50	6.97	0.00	0.00	0.00	0.00	102.89	0.00	0.00	0.00
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	0.00%	66.84%	14.35%	0.00%	0.00%	0.00%	0.00%	0.97%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.37	6.08	10.62	8.08	14.08	18.62	12.66	8.95	12.42	16.35	10.43
Enterprise Value to Revenue (EV/Rev)	0.00	1.53	6.73	11.05	10.83	14.76	15.11	8.22	32.45	36.69	17.13
Enterprise Value to EBITDA (EV/EBITDA)	17.10	1.84	8.60	0.00	0.00	0.00	63.71	16.08	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	1.92	9.05	0.00	0.00	0.00	113.94	17.94	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	1.92	9.05	0.00	0.00	0.00	114.85	17.94	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.72	4.23	39.62	216.51	122.78	101.18	135.55	27.52	0.00	1,146.67	80.32
Enterprise Value to Free Cash Flow (EV/FCFF)	6.73	1.79	11.43	44.91	30.81	130.74	0.00	33.17	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.71	0.39	0.04	0.04	0.05	0.01	0.00	0.00	0.00	0.10	0.13
Long-Term Debt to Equity	0.00	0.39	0.04	0.00	0.05	0.00	0.00	0.00	0.00	0.01	0.12
Financial Leverage	-3.44	6.71	0.12	-0.12	-0.27	-0.36	-0.39	-0.41	-0.36	-0.26	-0.13
Leverage Ratio	-3.67	12.57	1.71	1.50	1.63	1.81	1.75	1.40	1.24	1.36	1.48
Compound Leverage Factor	0.00	12.29	1.70	1.45	1.83	4.75	1.62	0.25	1.24	1.37	1.55
Debt to Total Capital	136.92%	27.88%	3.81%	3.84%	4.36%	0.99%	0.00%	0.00%	0.00%	8.93%	11.24%
Short-Term Debt to Total Capital	136.92%	0.00%	0.00%	3.84%	0.00%	0.99%	0.00%	0.00%	0.00%	8.47%	0.23%
Long-Term Debt to Total Capital	0.00%	27.88%	3.81%	0.00%	4.36%	0.00%	0.00%	0.00%	0.00%	0.46%	11.01%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-36.92%	72.12%	96.19%	96.16%	95.64%	99.01%	100.00%	100.00%	100.00%	91.07%	88.76%
Debt to EBITDA	17.58	0.09	0.03	-0.40	-0.34	-0.78	0.00	0.00	0.00	-0.49	-1.23
Net Debt to EBITDA	17.10	0.08	0.01	-0.20	-0.11	2.61	0.00	0.00	0.00	1.09	0.32
Long-Term Debt to EBITDA	0.00	0.09	0.03	0.00	-0.34	0.00	0.00	0.00	0.00	-0.03	-1.20
Debt to NOPAT	0.00	0.09	0.03	-0.38	-0.93	-0.11	0.00	0.00	0.00	-0.63	-1.32
Net Debt to NOPAT	0.00	0.08	0.01	-0.19	-0.32	0.37	0.00	0.00	0.00	1.41	0.35
Long-Term Debt to NOPAT	0.00	0.09	0.03	0.00	-0.93	0.00	0.00	0.00	0.00	-0.03	-1.29
Altman Z-Score	-3.13	10.94	17.19	5.79	6.86	5.96	6.89	12.72	23.30	13.40	11.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.07	1.15	1.27	2.52	3.24	3.31	4.25	6.60	4.03	1.35	1.24
Quick Ratio	0.06	0.88	1.07	0.34	0.63	0.76	2.79	5.12	3.85	1.30	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5.86	80	29	4.25	7.06	1.70	-1.26	5.20	-8.48	-6.83	-9.19
Operating Cash Flow to CapEx	0.00%	12,640.67%	0.00%	283.60%	248.88%	2,716.05%	0.00%	0.00%	-221.84%	19.78%	162.17%
Free Cash Flow to Firm to Interest Expense	2.33	48.38	152.33	0.00	35.66	12.71	-10.29	866.00	-1,413.28	-111.98	-42.56
Operating Cash Flow to Interest Expense	4.22	20.46	43.95	0.00	8.95	16.42	11.37	1,043.83	-228.50	6.07	19.21
Operating Cash Flow Less CapEx to Interest Expense	4.24	20.30	80.74	0.00	5.35	15.81	45.58	1,043.83	-331.50	-24.61	7.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	2.19	1.18	0.37	0.46	0.39	0.33	0.52	0.22	0.25	0.40
Accounts Receivable Turnover	0.00	61.77	40.25	17.91	18.58	11.90	10.10	21.01	9.03	3.74	6.09
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	3.21	1.74	0.66	0.97	0.79	0.70	1.28	0.58	0.69	1.09
Accounts Payable Turnover	0.00	3.57	5.81	0.82	1.31	1.59	2.85	4.40	2.44	1.49	2.10
Days Sales Outstanding (DSO)	0.00	5.91	9.07	20.38	19.64	30.68	36.15	17.37	40.43	97.55	59.91
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	102.31	62.79	447.61	278.49	229.52	128.23	82.92	149.55	245.71	173.77
Cash Conversion Cycle (CCC)	0.00	-96.40	-53.72	-427.23	-258.85	-198.85	-92.07	-65.55	-109.12	-148.16	-113.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	29	24	31	24	15	12	15	19	24	26	32
Invested Capital Turnover	0.00	3.57	1.80	0.63	1.03	1.10	0.93	1.23	0.43	0.46	0.67
Increase / (Decrease) in Invested Capital	-5.86	-5.38	7.60	-7.52	-8.18	-3.49	2.89	4.41	5.00	1.68	6.01
Enterprise Value (EV)	39	143	331	191	218	223	188	172	301	424	333
Market Capitalization	0.00	137	331	190	217	223	194	184	312	432	334
Book Value per Share	$0.00	$0.93	$1.63	$1.61	$1.18	$1.04	$1.21	$1.73	$1.77	$1.69	$1.67
Tangible Book Value per Share	$0.00	$0.93	$1.63	$1.61	$1.18	$1.04	$1.21	$1.73	$1.77	$1.69	$1.67
Total Capital	30	25	32	32	24	20	24	34	35	36	37
Total Debt	41	6.86	1.24	1.24	1.04	0.20	0.00	0.00	0.00	3.25	4.19
Total Long-Term Debt	0.00	6.86	1.24	0.00	1.04	0.00	0.00	0.00	0.00	0.17	4.10
Net Debt	39	6.26	0.21	0.61	0.35	-0.67	-5.60	-11	-10	-7.24	-1.11
Capital Expenditures (CapEx)	-0.05	0.27	-6.99	0.31	0.71	0.08	-4.17	0.00	0.62	1.87	2.56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.30	-0.25	-0.54	7.88	5.92	6.14	2.18	1.97	-0.85	-2.51	-3.47
Debt-free Net Working Capital (DFNWC)	-0.21	0.36	0.49	8.50	6.60	7.00	7.78	13	7.52	7.02	1.82
Net Working Capital (NWC)	-41	0.36	0.49	7.27	6.60	6.80	7.78	13	7.52	3.93	1.74
Net Nonoperating Expense (NNE)	-6.81	53	26	-3.26	9.25	0.82	5.06	7.82	-0.40	2.24	7.40
Net Nonoperating Obligations (NNO)	40	5.80	-0.01	-7.30	-7.25	-8.11	-8.74	-15	-10	-7.24	-1.11
Total Depreciation and Amortization (D&A)	2.31	2.99	1.94	1.56	-1.50	1.40	1.30	1.12	0.79	0.72	1.14
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-0.26%	-1.09%	45.61%	29.46%	40.68%	17.54%	9.41%	-9.12%	-21.68%	-17.84%
Debt-free Net Working Capital to Revenue	0.00%	0.38%	1.00%	49.22%	32.86%	46.45%	62.52%	61.61%	81.00%	60.66%	9.37%
Net Working Capital to Revenue	0.00%	0.38%	1.00%	42.07%	32.86%	45.12%	62.52%	61.61%	81.00%	33.98%	8.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.15	$0.57	$0.03	($0.54)	($0.14)	($0.18)	$0.00	$0.00	($0.38)	($0.54)
Adjusted Weighted Average Basic Shares Outstanding	0.00	19.02M	19.10M	19.18M	19.30M	19.36M	19.43M	19.61M	0.00	19.74M	19.87M
Adjusted Diluted Earnings per Share	$0.00	$1.15	$0.57	$0.03	($0.54)	($0.14)	($0.18)	$0.00	$0.00	($0.38)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	19.02M	19.10M	19.18M	19.30M	19.36M	19.43M	19.61M	0.00	19.74M	19.87M
Adjusted Basic & Diluted Earnings per Share	$0.36	$1.15	$0.57	$0.03	($0.54)	($0.14)	($0.18)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	19.02M	19.10M	19.18M	19.30M	19.36M	19.43M	19.61M	0.00	19.74M	19.87M
Normalized Net Operating Profit after Tax (NOPAT)	0.00	52	26	-3.26	-1.11	-1.79	1.15	6.72	-3.48	-5.18	-3.17
Normalized NOPAT Margin	0.00%	55.89%	52.03%	-18.90%	-5.55%	-11.85%	9.21%	32.08%	-37.46%	-44.80%	-16.30%
Pre Tax Income Margin	0.00%	78.07%	73.94%	-26.09%	-8.91%	-28.81%	12.28%	8.19%	-33.16%	-64.12%	-24.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	45.13	192.33	0.00	-8.04	-12.37	13.52	1,601.17	-512.33	-120.56	-21.05
NOPAT to Interest Expense	0.00	45.13	192.33	0.00	-5.63	-13.33	13.42	1,601.17	-579.95	-84.39	-14.74
EBIT Less CapEx to Interest Expense	0.02	44.97	229.12	0.00	-11.64	-12.98	47.74	1,601.17	-615.33	-151.23	-32.90
NOPAT Less CapEx to Interest Expense	0.02	44.97	229.12	0.00	-9.22	-13.94	47.63	1,601.17	-682.95	-115.06	-26.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	5.59%	1.48%	7.16%	0.00%	-6.30%	-25.42%	-16.37%	18.75%	-18.64%	-1.50%	-2.53%

This table displays calculated financial ratios and metrics derived from Maui Land & Pineapple's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	19,742,784.00	19,741,656.00	19,742,781.00	19,741,709.00	19,868,771.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	19,742,784.00	19,741,656.00	19,742,781.00	19,741,709.00	19,868,771.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-0.44	-0.05	0.01	-0.06	-0.10
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-17.64%	11.18%	8.05%	6.96%	44.12%	41.04%	133.75%	73.99%	49.44%	32.77%	-41.33%
EBITDA Growth	-466.54%	-258.54%	-9.85%	-54.61%	-105.12%	-86.96%	-585.17%	79.18%	96.58%	15.52%	78.80%
EBIT Growth	-14,762.50%	-103.82%	-2.12%	-39.96%	-87.72%	-72.47%	-514.22%	62.20%	83.87%	7.87%	76.55%
NOPAT Growth	-14,762.50%	-191.17%	-2.12%	-39.96%	-87.72%	-20.73%	-27.16%	62.20%	83.87%	7.87%	-13.27%
Net Income Growth	-861.29%	107.42%	-0.81%	-67.59%	-87.67%	-421.59%	-528.36%	46.63%	110.73%	38.12%	76.17%
EPS Growth	0.00%	0.00%	0.00%	-50.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	104.20%	-689.95%	-101.37%	54.64%	179.35%	118.99%	1,670.00%	-63.41%	-235.07%	877.40%	-1,383.44%
Free Cash Flow Firm Growth	100.81%	-27.00%	8.83%	-16.34%	-17,185.01%	51.02%	140.04%	136.47%	28.77%	-142.19%	-693.15%
Invested Capital Growth	-4.33%	25.96%	30.42%	30.80%	34.74%	6.94%	-16.06%	-12.40%	21.65%	23.17%	70.47%
Revenue Q/Q Growth	-15.04%	15.04%	-38.59%	6.52%	14.48%	12.58%	70.26%	-20.71%	-1.67%	0.02%	-24.77%
EBITDA Q/Q Growth	9.86%	11.53%	-264.92%	-39.36%	-19.59%	19.36%	-409.82%	77.65%	80.34%	-1,890.00%	-27.93%
EBIT Q/Q Growth	11.53%	10.18%	-350.72%	-34.45%	-18.66%	17.47%	-366.50%	60.03%	49.37%	-371.39%	-18.74%
NOPAT Q/Q Growth	11.53%	-28.32%	-275.50%	-34.45%	-18.66%	17.47%	3.42%	60.03%	49.37%	-371.39%	-18.74%
Net Income Q/Q Growth	-6.71%	149.75%	-331.87%	-36.15%	-19.50%	14.75%	-353.07%	88.44%	124.02%	-591.67%	-74.49%
EPS Q/Q Growth	100.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	121.02%	-575.30%	99.15%	-5,230.00%	229.46%	-67.68%	-73.52%	-654.78%	-7.00%	721.89%	-134.77%
Free Cash Flow Firm Q/Q Growth	100.77%	-12,559.96%	-50.03%	-10.33%	-13.16%	64.28%	189.78%	0.47%	-321.05%	-21.46%	-119.89%
Invested Capital Q/Q Growth	-0.74%	24.73%	0.47%	5.16%	2.25%	-1.01%	-21.14%	9.74%	42.00%	0.22%	9.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	85.29%	79.85%	71.73%	81.40%	83.88%	73.63%	25.93%	73.58%	84.66%	88.82%	13.36%
EBITDA Margin	-47.45%	-36.49%	-49.42%	-64.65%	-67.54%	-48.37%	-144.85%	-7.74%	-1.55%	-30.78%	-52.33%
Operating Margin	-56.59%	-44.19%	-56.34%	-71.12%	-73.71%	-54.03%	-30.65%	-15.45%	-7.96%	-37.49%	-59.18%
EBIT Margin	-56.59%	-44.19%	-56.34%	-71.12%	-73.71%	-54.03%	-148.05%	-15.45%	-7.96%	-37.49%	-59.18%
Profit (Net Income) Margin	-56.73%	24.53%	-55.38%	-70.78%	-73.88%	-55.94%	-148.86%	-21.71%	5.30%	-26.07%	-60.47%
Tax Burden Percent	100.08%	71.53%	98.14%	99.42%	100.13%	100.53%	99.99%	130.42%	-57.42%	67.35%	99.13%
Interest Burden Percent	100.17%	-77.62%	100.14%	100.11%	100.09%	102.99%	100.56%	107.74%	116.11%	103.24%	103.08%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-18.02%	-18.86%	-20.33%	-24.81%	-27.57%	-17.43%	-14.25%	-7.58%	-3.52%	-17.64%	-25.54%
ROIC Less NNEP Spread (ROIC-NNEP)	-15.38%	-32.17%	-17.15%	-19.75%	-21.07%	-10.44%	75.73%	0.49%	-13.75%	-17.83%	12.30%
Return on Net Nonoperating Assets (RNNOA)	6.26%	11.73%	6.28%	6.45%	6.59%	2.72%	-20.32%	-0.10%	1.95%	2.25%	-0.72%
Return on Equity (ROE)	-11.75%	-7.14%	-14.05%	-18.36%	-20.98%	-14.71%	-34.56%	-7.68%	-1.56%	-15.39%	-26.26%
Cash Return on Invested Capital (CROIC)	-11.15%	-38.97%	-37.37%	-38.80%	-44.79%	-27.21%	-6.69%	-5.89%	-30.85%	-31.76%	-69.40%
Operating Return on Assets (OROA)	-12.12%	-9.70%	-14.82%	-19.23%	-20.59%	-13.53%	-49.37%	-5.94%	-3.18%	-14.87%	-21.23%
Return on Assets (ROA)	-12.15%	5.39%	-14.57%	-19.13%	-20.63%	-14.01%	-49.64%	-8.34%	2.12%	-10.34%	-21.69%
Return on Common Equity (ROCE)	-11.75%	-7.14%	-14.05%	-18.36%	-20.98%	-14.71%	-34.56%	-7.68%	-1.56%	-15.39%	-26.26%
Return on Equity Simple (ROE_SIMPLE)	-35.97%	0.00%	-8.95%	-11.24%	-14.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.83	-1.07	-0.98	-1.32	-1.56	-1.29	-1.25	-0.50	-0.25	-1.19	-1.41
NOPAT Margin	-39.61%	-44.19%	-39.44%	-49.78%	-51.60%	-37.82%	-21.46%	-10.81%	-5.57%	-26.25%	-41.42%
Net Nonoperating Expense Percent (NNEP)	-2.63%	13.31%	-3.18%	-5.06%	-6.50%	-6.99%	-89.98%	-8.07%	10.23%	0.19%	-37.84%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.08%	-	-	-	-3.54%	-4.16%	-1.69%	-0.68%	-3.19%	-3.64%
Cost of Revenue to Revenue	14.71%	20.15%	28.27%	18.60%	16.12%	26.37%	74.07%	26.42%	15.34%	11.18%	86.64%
SG&A Expenses to Revenue	44.65%	41.37%	42.57%	42.27%	38.24%	28.28%	26.14%	22.32%	23.49%	25.12%	38.12%
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	141.88%	124.04%	128.07%	152.51%	157.60%	126.25%	56.56%	89.03%	92.62%	126.67%	73.13%
Earnings before Interest and Taxes (EBIT)	-1.19	-1.07	-1.40	-1.88	-2.23	-1.84	-8.59	-0.71	-0.36	-1.70	-2.02
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1.00	-0.88	-1.23	-1.71	-2.05	-1.65	-8.41	-0.36	-0.07	-1.39	-1.78
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.02	8.99	12.34	12.69	13.00	13.00	12.98	13.66	10.91	10.11	9.54
Price to Tangible Book Value (P/TBV)	8.02	8.99	12.34	12.69	13.00	13.00	12.98	13.66	10.91	10.11	9.54
Price to Revenue (P/Rev)	28.75	33.57	38.40	38.52	36.23	37.31	23.30	21.32	20.07	17.19	17.93
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	12.86	12.42	17.07	16.60	16.57	16.35	16.65	15.82	11.48	10.43	8.85
Enterprise Value to Revenue (EV/Rev)	27.66	32.45	37.49	37.75	35.60	36.69	22.88	21.09	19.97	17.13	18.09
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	125,087.38	0.00	0.00	0.00	0.00	1,146.67	375.55	1,785.22	0.00	80.32	156.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.09	0.10	0.12	0.12	0.10	0.13	0.21
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.09	0.01	0.01	0.01	0.00	0.12	0.21
Financial Leverage	-0.41	-0.36	-0.37	-0.33	-0.31	-0.26	-0.27	-0.21	-0.14	-0.13	-0.06
Leverage Ratio	1.26	1.24	1.24	1.24	1.32	1.36	1.46	1.45	1.36	1.48	1.62
Compound Leverage Factor	1.26	-0.96	1.24	1.24	1.32	1.40	1.47	1.56	1.57	1.53	1.67
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	8.32%	8.93%	10.82%	10.94%	8.69%	11.24%	17.23%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.23%	8.47%	10.30%	10.45%	8.35%	0.23%	0.22%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	8.09%	0.46%	0.52%	0.49%	0.33%	11.01%	17.01%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	91.68%	91.07%	89.18%	89.06%	91.31%	88.76%	82.77%
Debt to EBITDA	0.00	0.00	0.00	0.00	-0.73	-0.49	-0.46	-0.57	-0.87	-1.23	-1.85
Net Debt to EBITDA	0.00	0.00	0.00	0.00	1.84	1.09	0.89	0.68	0.50	0.32	-0.79
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	-0.71	-0.03	-0.02	-0.03	-0.03	-1.20	-1.83
Debt to NOPAT	0.00	0.00	0.00	0.00	-0.89	-0.63	-0.60	-0.70	-0.98	-1.32	-1.40
Net Debt to NOPAT	0.00	0.00	0.00	0.00	2.24	1.41	1.16	0.84	0.56	0.35	-0.59
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-0.87	-0.03	-0.03	-0.03	-0.04	-1.29	-1.38
Altman Z-Score	15.94	23.46	32.62	32.14	20.74	13.77	7.71	9.15	16.52	11.71	9.72
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.08	4.03	3.75	2.97	2.86	1.35	0.80	0.77	1.38	1.24	1.38
Quick Ratio	3.70	3.85	3.62	2.75	2.66	1.30	0.77	0.60	1.02	0.91	0.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.05	-6.07	-6.66	-7.35	-8.32	-2.97	2.67	2.68	-5.93	-7.20	-16
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	24.35	0.00	-3,332.15	-3,676.35	-4,160.20	-54.04	55.60	48.75	-102.19	-130.89	-255.31
Operating Cash Flow to Interest Expense	123.50	0.00	-5.00	-266.50	345.00	4.05	3.27	-15.84	-16.07	105.38	-32.50
Operating Cash Flow Less CapEx to Interest Expense	123.50	0.00	-5.00	-266.50	345.00	4.05	3.27	-15.84	-16.07	105.38	-32.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.21	0.22	0.26	0.27	0.28	0.25	0.33	0.38	0.40	0.40	0.36
Accounts Receivable Turnover	9.06	9.03	10.23	8.72	10.15	3.74	7.63	10.66	9.30	6.09	7.52
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.56	0.58	0.70	0.71	0.74	0.69	0.89	1.00	1.06	1.09	0.96
Accounts Payable Turnover	2.42	2.44	2.14	2.25	1.27	1.49	3.19	3.03	2.63	2.10	1.93
Days Sales Outstanding (DSO)	40.27	40.43	35.69	41.85	35.95	97.55	47.85	34.25	39.27	59.91	48.56
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	150.70	149.55	170.95	162.23	287.93	245.71	114.26	120.28	138.62	173.77	188.79
Cash Conversion Cycle (CCC)	-110.43	-109.12	-135.26	-120.38	-251.98	-148.16	-66.41	-86.03	-99.36	-113.86	-140.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	19	24	24	26	26	26	20	22	32	32	35
Invested Capital Turnover	0.45	0.43	0.52	0.50	0.53	0.46	0.66	0.70	0.63	0.67	0.62
Increase / (Decrease) in Invested Capital	-0.88	5.00	5.69	6.04	6.76	1.68	-3.91	-3.18	5.68	6.01	14
Enterprise Value (EV)	250	301	416	426	434	424	341	355	366	333	309
Market Capitalization	260	312	426	434	442	432	347	359	368	334	306
Book Value per Share	$1.65	$1.77	$1.76	$1.74	$1.73	$1.69	$1.36	$1.33	$1.71	$1.67	$1.62
Tangible Book Value per Share	$1.65	$1.77	$1.76	$1.74	$1.73	$1.69	$1.36	$1.33	$1.71	$1.67	$1.62
Total Capital	32	35	35	34	37	36	30	30	37	37	39
Total Debt	0.00	0.00	0.00	0.00	3.09	3.25	3.24	3.23	3.21	4.19	6.67
Total Long-Term Debt	0.00	0.00	0.00	0.00	3.00	0.17	0.16	0.14	0.12	4.10	6.59
Net Debt	-9.86	-10	-10	-8.59	-7.78	-7.24	-6.26	-3.84	-1.84	-1.11	2.83
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1.93	-0.85	-0.95	-0.93	-1.59	-2.51	-9.56	-7.29	0.81	-3.47	-1.54
Debt-free Net Working Capital (DFNWC)	11	7.52	7.02	5.75	7.53	7.02	-0.11	-0.26	5.86	1.82	2.30
Net Working Capital (NWC)	11	7.52	7.02	5.75	7.44	3.93	-3.19	-3.35	2.77	1.74	2.22
Net Nonoperating Expense (NNE)	0.36	-1.66	0.40	0.56	0.67	0.62	7.39	0.50	-0.49	-0.01	0.65
Net Nonoperating Obligations (NNO)	-13	-10	-10	-8.59	-7.78	-7.24	-6.26	-3.84	-1.84	-1.11	2.83
Total Depreciation and Amortization (D&A)	0.19	0.19	0.17	0.17	0.19	0.19	0.19	0.36	0.29	0.30	0.23
Debt-free, Cash-free Net Working Capital to Revenue	21.32%	-9.12%	-8.56%	-8.27%	-13.05%	-21.68%	-64.23%	-43.29%	4.43%	-17.84%	-9.03%
Debt-free Net Working Capital to Revenue	126.60%	81.00%	63.21%	51.01%	61.71%	60.66%	-0.71%	-1.57%	31.95%	9.37%	13.51%
Net Working Capital to Revenue	126.60%	81.00%	63.21%	51.01%	61.01%	33.98%	-21.44%	-19.88%	15.13%	8.93%	13.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($0.10)	($0.11)	$0.00	($0.44)	($0.05)	$0.01	($0.06)	($0.10)
Adjusted Weighted Average Basic Shares Outstanding	19.62M	19.68M	19.69M	19.69M	19.63M	19.74M	19.74M	19.74M	19.74M	19.87M	19.86M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.09)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	19.62M	19.68M	19.69M	19.69M	19.63M	19.74M	19.74M	19.74M	19.74M	19.87M	19.86M
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	19.62M	19.68M	19.69M	19.69M	19.63M	19.74M	19.74M	19.74M	19.74M	19.87M	19.86M
Normalized Net Operating Profit after Tax (NOPAT)	-0.83	-0.75	-0.98	-1.32	-1.56	-1.29	-1.25	-0.50	-0.25	-1.18	-1.40
Normalized NOPAT Margin	-39.61%	-30.93%	-39.44%	-49.78%	-51.60%	-37.82%	-21.47%	-10.81%	-5.57%	-26.00%	-41.01%
Pre Tax Income Margin	-56.69%	34.30%	-56.42%	-71.19%	-73.78%	-55.65%	-148.88%	-16.64%	-9.24%	-38.71%	-61.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-594.50	0.00	-699.50	-940.50	-1,116.00	-33.49	-179.02	-12.93	-6.21	-30.85	-32.50
NOPAT to Interest Expense	-416.15	0.00	-489.65	-658.35	-781.20	-23.44	-25.94	-9.05	-4.34	-21.60	-22.75
EBIT Less CapEx to Interest Expense	-594.50	0.00	-699.50	-940.50	-1,116.00	-33.49	-179.02	-12.93	-6.21	-30.85	-32.50
NOPAT Less CapEx to Interest Expense	-416.15	0.00	-489.65	-658.35	-781.20	-23.44	-25.94	-9.05	-4.34	-21.60	-22.75
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-5.07%	-18.64%	-3.17%	-2.73%	-1.94%	-1.50%	-1.69%	-1.03%	-2.17%	-2.53%	-16.13%

Financials Breakdown Chart

Key Financial Trends

Maui Land & Pineapple (NYSE: MLP) entered Q1 2026 with a much stronger balance sheet than it had a year earlier, but the income statement still shows a business that is not yet consistently profitable. The company generated $3.4 million of revenue in the quarter, but operating expenses were far larger than gross profit, leading to an operating loss of $2.0 million and net loss of $2.1 million.

At the same time, the balance sheet improved meaningfully versus Q2 2025 and Q1 2025. Total liabilities dropped to $15.8 million in Q1 2026 from $19.4 million in Q2 2025, while total equity rose to $32.1 million. Cash and equivalents were $3.8 million, and the company still held a sizable asset base of $47.9 million.

One important trend is that MLP’s quarterly results have been volatile over the last several years. Revenue has generally hovered in the low-to-mid single-digit millions per quarter, but profitability has swung sharply depending on operating expenses and other gains/losses. The business also shows a pattern of periodic investment activity and debt management rather than steady operating cash generation.

Liabilities declined sharply to $15.8 million in Q1 2026 from $19.4 million in Q2 2025, improving the balance sheet profile.
Total equity increased to $32.1 million, up from $26.3 million in Q2 2025, indicating a healthier capital position.
Cash improved to $3.8 million in Q1 2026, compared with $3.0 million at year-end 2025 and $3.7 million in Q2 2024.
Long-term debt fell materially to $6.6 million from $12.3 million in Q3 2025.
Revenue held above $3 million in Q1 2026, continuing a multi-quarter pattern of business activity.
Deferred revenue remains meaningful on the balance sheet, with current and noncurrent deferred revenue together totaling about $4.1 million in Q1 2026.
Accounts receivable rose to $1.9 million in Q1 2026 from $1.8 million in Q2 2025, which is worth monitoring but not yet alarming.
The company is still asset-heavy, with most of its value tied to property and other noncurrent operating assets rather than liquid resources.
Operating profitability remains negative; Q1 2026 operating loss was $2.0 million after a $1.7 million loss in Q4 2025 and a $711,000 loss in Q2 2025.
Net income was a loss of $2.1 million in Q1 2026, following a profit in Q3 2025 but losses in the surrounding quarters.
Operating cash flow was negative at $2.0 million in Q1 2026, reversing the positive $5.8 million reported in Q4 2025.

Looking at the broader trend, MLP’s revenue has been relatively stable, but cost pressure has kept margins under strain. Q1 2025 revenue was $5.8 million, Q2 2025 was $4.6 million, Q3 2025 was $4.5 million, and Q4 2025 was $4.5 million, before easing to $3.4 million in Q1 2026. Gross profit can still be solid, but other operating expenses and special items have often erased that advantage.

The cash flow picture also suggests a company managing through uneven quarters. In some periods, MLP generated operating cash and reduced debt, while in others it relied on financing or asset-related activity. The recent quarter showed a net increase in cash of $565,000, but that improvement came despite negative operating and investing cash flow, helped by $3.5 million of debt issuance.

Bottom line: MLP’s balance sheet is in better shape than it was a year ago, and leverage has come down. But the company still needs to prove it can produce consistent operating profits and positive operating cash flow before investors can call the turnaround durable.

07/18/26 06:17 PM ETAI Generated. May Contain Errors.

Maui Land & Pineapple Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Maui Land & Pineapple's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Maui Land & Pineapple's net income appears to be on a downward trend, with a most recent value of -$10.58 million in 2025, falling from $17.64 million in 2014. The previous period was -$7.39 million in 2024. Check out Maui Land & Pineapple's forecast to explore projected trends and price targets.

Maui Land & Pineapple's total operating income in 2025 was -$4.55 million, based on the following breakdown:

Total Gross Profit: $14.11 million
Total Operating Expenses: $18.67 million

Over the last 10 years, Maui Land & Pineapple's total revenue changed from $33.26 million in 2014 to $19.46 million in 2025, a change of -41.5%.

Maui Land & Pineapple's total liabilities were at $14.91 million at the end of 2025, a 12.1% decrease from 2024, and a 74.1% decrease since 2015.

In the past 10 years, Maui Land & Pineapple's cash and equivalents has ranged from $602 thousand in 2016 to $8.50 million in 2022, and is currently $5.30 million as of their latest financial filing in 2025.

Over the last 10 years, Maui Land & Pineapple's book value per share changed from 0.00 in 2015 to 1.67 in 2025, a change of 167.5%.

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Financial statements for NYSE:MLP last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Maui Land & Pineapple (MLP) Financials

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Maui Land & Pineapple (MLP) Financials

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