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AVO

Mission Produce, Inc.

AVO

Mission Produce, Inc. • NASDAQ
$12.02 ▲ 0.84% (+0.10)
Market Cap $848.84 M
52w High $15.25
52w Low $9.56
Dividend Yield 0%
P/E 21.85
Volume 221.33K
Outstanding Shares 70.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $357.7M ▼ $24.1M ▲ $14.7M ▲ 4.11% ▲ $0.21 ▲ $30.6M ▲
Q2-2025 $380.3M ▲ $21.5M ▼ $3.1M ▼ 0.815% ▼ $0.044 ▼ $14.2M ▼
Q1-2025 $334.2M ▼ $22.2M ▼ $3.9M ▼ 1.167% ▼ $0.06 ▲ $20.3M ▼
Q4-2024 $354.4M ▲ $27.2M ▲ $17.3M ▲ 4.881% ▲ $-0.3 ▼ $42.2M ▲
Q3-2024 $324M $20.2M $12.4M 3.827% $0.17 $25.7M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $43.7M ▲ $1.002B ▼ $401.9M ▼ $600.5M ▲
Q2-2025 $36.7M ▼ $1.01B ▲ $426.2M ▲ $552.3M ▲
Q1-2025 $40.1M ▼ $997.8M ▲ $414.9M ▲ $550.8M ▲
Q4-2024 $58M ▲ $971.5M ▲ $394.4M ▼ $547.3M ▲
Q3-2024 $49.5M $959.9M $406.2M $527.3M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $14.5M ▲ $34.4M ▲ $-11.8M ▲ $-15.3M ▼ $7.6M ▲ $22.6M ▲
Q2-2025 $3M ▼ $-11.8M ▼ $-13.3M ▲ $22.1M ▲ $-3.2M ▲ $-25M ▼
Q1-2025 $6.2M ▼ $-1.2M ▼ $-14.9M ▼ $-1M ▲ $-17.1M ▼ $-16M ▼
Q4-2024 $20.7M ▲ $38M ▼ $-7.5M ▲ $-20.9M ▲ $9.4M ▲ $31.1M ▼
Q3-2024 $12.1M $42.5M $-7.7M $-32.2M $2.7M $34.9M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q3-2025
Avocado
Avocado
 $310.00M ▲$310.00M ▲$280.00M ▼$330.00M ▲
Blueberry
Blueberry
 $0 ▲$0 ▲$40.00M ▲$0 ▼
Mango
Mango
 $10.00M ▲$0 ▼$10.00M ▲$20.00M ▲
Other
Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Mission Produce’s sales have grown over the past few years, and the business has moved from a period of weak or negative profitability back to clearly positive earnings. Margins that were squeezed in earlier years have recovered, helped by better cost control and more efficient operations. The overall story is one of a cyclical, agriculture‑linked business that went through a rough patch but has now rebuilt its profitability, though earnings still look sensitive to swings in fruit pricing, volumes, and operating efficiency.

Balance Sheet

Balance Sheet The balance sheet appears reasonably solid. Assets have inched up over time, equity has steadily grown, and debt levels look manageable rather than aggressive. Cash is modest but not alarmingly low for an asset‑heavy, inventory‑intensive business. Overall, the company seems to have a balanced capital structure, though it does not have a large cash cushion and likely still relies on credit lines and working‑capital management to handle seasonal swings.

Cash Flow

Cash Flow Cash generation from the core business has improved meaningfully, with operating cash flow trending upward after weaker years. Free cash flow was negative for several years as the company invested heavily in growth projects and infrastructure, but has recently turned positive as both cash earnings improved and investment spending eased. This shift suggests the business is moving from a heavy build‑out phase toward harvesting the returns on past investments, though future growth pushes could again require higher spending.

Competitive Edge

Competitive Edge Mission Produce holds a strong position as a global avocado specialist with scale that many rivals lack. Its vertically integrated model—from farms to ripening and distribution—gives it control over quality, cost, and timing, which is hard and expensive for new entrants to copy. A wide, diversified sourcing network across multiple countries reduces supply risk and helps ensure year‑round availability, making the company an attractive partner for large retailers and foodservice customers. At the same time, dependence on a single core category (avocados) keeps it exposed to crop conditions, consumer demand shifts, and competitive pricing pressure from other global players.

Innovation and R&D

Innovation and R&D Innovation at Mission Produce is focused on technology and processes rather than lab‑style R&D. The company invests in advanced ripening systems, shelf‑life extension tools, and AI‑based quality measurement to reduce waste and deliver more consistent fruit. Its data platform for retail partners turns sales and supply information into practical insights, strengthening customer relationships. These efforts create subtle but meaningful differentiation in an otherwise commodity‑like category, though the payoff depends on Mission’s ability to keep these tools ahead of what competitors adopt or imitate.

Summary

Mission Produce looks like a scaled, specialized player that has come through a challenging period and is now showing healthier profitability and cash generation. Its integrated global network, technology‑enabled ripening and quality control, and expanding product range (including mangoes and other fruits) give it a defensible position in the fresh produce supply chain. Key positives include improving margins, better free cash flow, and a balanced—though not cash‑rich—balance sheet. Key risks stem from agricultural and commodity exposure, concentration in avocados, and the need to keep investing in technology and international growth to maintain its edge in a competitive, low‑margin industry.

NEWS

November 26, 2025 · 4:05 PM UTC

Mission Produce® Appoints Douglas Stone to Board of Directors

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November 6, 2025 · 9:00 AM UTC

DBG Announces Its Second AVO College Influencer Event at the University of Alabama featuring Darcy McQueeny, Aaliyah Nye and Trent Richardson this Saturday, November 8th

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September 8, 2025 · 4:05 PM UTC

Mission Produce® Announces Fiscal 2025 Third Quarter Financial Results

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