AVONasdaqAgricultural ServicesFiscal year ends October 31
Mission Produce, Inc.
Financials through Q3 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 8, 2026
$11.82−0.38 (-3.11%)
Close on Oct 19, 2026
- Market cap
- $979.25M
- P/E (TTM)
- 394.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
11.6%−2.9 pts over 5 years
Operating margin
4.7%−3.2 pts over 5 years
Net margin
2.7%−0.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.7% | +10.0% | +10.0% | – | |
| Gross profit | +5.4% | +21.4% | +5.2% | – | |
| Operating income | -0.8% | – | -1.0% | – | |
| Net income | +2.7% | – | +5.5% | – | |
| EPS, diluted | +1.9% | – | +3.3% | – | |
| Free cash flow | -39.2% | – | +26.2% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 6.8% | 6.6% | |
| Return on assets | – | – | 3.9% | |
| Current ratio | – | 3.18 | 1.95 | |
| Debt to equity | – | 0.37 | 0.17 | |
| Net debt to EBITDA | – | 0.54× | 0.36× | |
| Interest coverage | – | 10.2× | 6.9× | |
| Inventory turnover | – | – | 14.3× | |
| Capex to revenue | – | 7.8% | 3.7% | |
| Diluted shares | – | 64M | 71M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Mission Produce generated $293.40M from operations and spent $274.70M on capital expenditure, dividends and share buybacks. 98% of that went back into the business.
Generated
$293.40M
Used
$274.70M
Capital expenditure$268.00M98%Dividends$00%Share buybacks$6.70M2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.7%
×Asset turnover1.42×
×Equity multiplier1.72×
=Return on equity, FY20256.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.7% | 1.42× | 1.72× | 6.6% |
| FY2024 | 3.0% | 1.31× | 1.79× | 7.0% |
| FY2023 | -0.3% | 1.06× | 1.78× | -0.6% |
| FY2022 | -3.3% | 1.19× | 1.69× | -6.7% |
| FY2021 | 5.0% | 1.08× | 1.64× | 8.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$37.70M
- Cash generatingOperating cash flow above zero$88.60M
- Return on assets improvedROA up on the prior year4.0% → 3.9%
- Earnings backed by cashOperating cash flow above net income$88.60M vs $37.70M
- Less leverageLong-term debt to assets fell11.4% → 9.4%
- Better liquidityCurrent ratio rose1.87 → 1.95
- No dilutionShare count did not rise71M → 71M
- Gross margin improvedGross margin up on the prior year12.35% → 11.55%
- More efficientAsset turnover rose1.35 → 1.43