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CVGW

Calavo Growers, Inc.

CVGW

Calavo Growers, Inc. • NASDAQ
$20.49 ▲ 0.94% (+0.19)
Market Cap $365.38 M
52w High $28.72
52w Low $18.40
Dividend Yield 0.80%
P/E 27.32
Volume 205.46K
Outstanding Shares 17.83M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $178.822M ▼ $9.539M ▼ $8.752M ▲ 4.894% ▲ $0.49 ▲ $8.659M ▼
Q2-2025 $190.546M ▲ $10.459M ▼ $6.85M ▲ 3.595% ▲ $0.38 ▲ $11.821M ▲
Q1-2025 $154.385M ▼ $10.682M ▼ $4.415M ▲ 2.86% ▲ $0.25 ▲ $6.983M ▲
Q4-2024 $169.959M ▼ $13.278M ▲ $-139K ▲ -0.082% ▲ $0.053 ▲ $2.659M ▼
Q3-2024 $179.596M $10.735M $-732K -0.408% $-0.041 $7.378M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $63.754M ▲ $301.249M ▼ $24.048M ▼ $206.424M ▲
Q2-2025 $60.361M ▲ $321.453M ▲ $114.894M ▲ $205.005M ▲
Q1-2025 $48.49M ▼ $298.927M ▼ $96.058M ▼ $202.869M ▲
Q4-2024 $57.031M ▲ $301.119M ▼ $99.343M ▼ $200.332M ▼
Q3-2024 $1.126M $382.426M $177.249M $203.768M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.736M ▼ $7.97M ▼ $-651K ▼ $-3.926M ▼ $3.393M ▼ $7.319M ▼
Q2-2025 $6.94M ▲ $15.691M ▲ $-133K ▲ $-3.687M ▲ $11.871M ▲ $15.558M ▲
Q1-2025 $4.435M ▲ $-4.427M ▼ $-282K ▼ $-3.832M ▲ $-8.541M ▼ $-4.709M ▼
Q4-2024 $-104K ▲ $10.836M ▼ $82.629M ▲ $-37.56M ▼ $55.905M ▲ $10.465M ▼
Q3-2024 $-732K $11.433M $-142K $-14.438M $-3.147M $11.291M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q3-2025
Avocados
Avocados
 $150.00M ▲$380.00M ▲$120.00M ▼$150.00M ▲
Other Fresh Products
Other Fresh Products
 $0 ▲$0 ▲$0 ▲$0 ▲
Papayas
Papayas
 $0 ▲$10.00M ▲$0 ▼$0 ▲
Tomatoes
Tomatoes
 $10.00M ▲$40.00M ▲$10.00M ▼$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Calavo’s sales have come down from earlier peaks, but profitability has quietly improved. The company has moved from operating losses a few years ago to modest operating profits more recently, helped by better cost control and steadier gross margins. However, the bottom line is still roughly around breakeven, with small net losses persisting. Overall, it looks like a business in the middle of a turnaround: leaner, somewhat more disciplined, but not yet consistently profitable at the net income level.

Balance Sheet

Balance Sheet The balance sheet shows a smaller, more streamlined company with less debt and more cash than a few years ago. Total assets have gradually declined, suggesting divestments, tighter working capital, or a narrower operating footprint. Debt has been reduced meaningfully, which lowers financial risk, while cash levels have improved, providing more flexibility. Shareholders’ equity has edged down but remains the main funding base, indicating a still-conservative capital structure despite the earnings challenges.

Cash Flow

Cash Flow Cash generation has been uneven but is moving in a more stable direction. Operating cash flow dipped into the red recently but has otherwise been positive, and free cash flow has generally followed the same pattern. Capital spending has been quite low, which supports free cash flow in the short term but may also indicate limited reinvestment in physical assets. Overall, the company is doing a better job turning its operations into cash, though the cushion is not very large and remains sensitive to business swings.

Competitive Edge

Competitive Edge Calavo holds a distinctive position in avocados, with a long-standing national brand, deep grower relationships, and control over much of its supply chain from farms to retailers. Its ability to manage ripeness, quality, and year‑round supply from multiple countries is a key edge in a product that is highly perishable and volatile in price. The company has also diversified into tomatoes, papayas, and prepared foods, which helps reduce reliance on a single crop. That said, it still operates in a tough, low-margin, commodity-influenced industry where weather, crop yields, and pricing power can shift quickly, and where large retailers and rival distributors remain strong negotiating counterparts.

Innovation and R&D

Innovation and R&D Innovation at Calavo is more about process and product than lab-heavy R&D. The company’s ripening technology for avocados and high-pressure processing for guacamole give it clear differentiation in quality and shelf life. It continues to extend its prepared foods lineup, especially guacamole and related dips, aiming at the growing demand for convenient, healthy, and plant-based options. Partnerships in farming technology, plus branding efforts and a recent brand refresh, support this direction. Future upside depends on how well Calavo can scale these value-added products, deepen retailer partnerships, and selectively expand into new markets without overextending its capabilities.

Summary

Calavo looks like a legacy agricultural and food company working its way through a multi-year reset. Financially, it has shifted from persistent operating losses toward modest profitability, reduced its debt load, and improved liquidity, though net income and cash flows are still fragile. Strategically, its long history, national avocado brand, integrated supply chain, and specialized technologies in ripening and processing provide real differentiation in a difficult industry. The main questions going forward are whether it can restore growth after shrinking the business, keep margins improving in a volatile produce market, and sustain innovation and customer relevance while maintaining financial discipline and prudent investment levels.

NEWS

November 12, 2025 · 7:35 AM UTC

Calavo Growers Announces Leadership Transition

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September 9, 2025 · 4:10 PM UTC

Calavo Growers, Inc. Announces Third Quarter and Nine-Month Period Ended July 31, 2025 Financial Results

Read more