Mission Produce (AVO) financial statements
Mission Produce reported revenue of $1.4B in fiscal 2025, up 7.9% a year over 6 years.
Net income was $38M and the operating margin 4.7%, against 12.1% in 2019.
Free cash flow was $37M, and the company returned $6M in net buybacks.
The diluted share count rose 12% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Mission Produce's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $883M | $862M | $892M | $1.0B | $954M | $1.2B | $1.4B |
| Cost of revenue | $729M | $738M | $767M | $956M | $871M | $1.1B | $1.2B |
| Gross profit | $155M | $125M | $124M | $90M | $83M | $152M | $161M |
| Selling, general and admin | $48M | $56M | $64M | $78M | $76M | $87M | $96M |
| Operating income | $106M | $68M | $61M | -$37M | $7M | $66M | $65M |
| Interest expense | $10M | $7M | $4M | $6M | $12M | $13M | $9M |
| Pre-tax income | $96M | $44M | $66M | -$31M | -$900,000 | $60M | $62M |
| Income tax | $24M | $15M | $21M | $4M | $2M | $19M | $21M |
| Net income | $72M | $29M | $45M | -$35M | -$3M | $37M | $38M |
| EPS (diluted) | $1.13 | $0.45 | $0.63 | -$0.49 | -$0.04 | $0.52 | $0.53 |
| Diluted shares | 63M | 64M | 71M | 71M | 71M | 71M | 71M |
| Gross margin | 17.5% | 14.4% | 14.0% | 8.6% | 8.7% | 12.4% | 11.6% |
| Operating margin | 12.1% | 7.9% | 6.8% | -3.6% | 0.7% | 5.3% | 4.7% |
| Net margin | 8.1% | 3.3% | 5.0% | -3.3% | -0.3% | 3.0% | 2.7% |
Balance sheet
Fiscal years, from Mission Produce's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $64M | $124M | $84M | $53M | $43M | $58M | $65M |
| Inventory | — | $39M | $48M | $73M | $71M | $91M | $81M |
| Total current assets | — | $248M | $247M | $228M | $220M | $279M | $262M |
| Property, plant and equipment | — | $379M | $424M | $490M | $523M | $523M | $542M |
| Goodwill | — | $76M | $76M | $39M | $39M | $39M | $39M |
| Total assets | — | $777M | $874M | $880M | $915M | $972M | $983M |
| Total current liabilities | — | $78M | $89M | $102M | $98M | $149M | $134M |
| Long-term debt | — | $167M | $155M | $137M | $149M | $111M | $93M |
| Total liabilities | — | $304M | $339M | $357M | $386M | $394M | $363M |
| Shareholders' equity | $379M | $474M | $534M | $502M | $504M | $547M | $587M |
| Net debt | -$64M | $50M | $79M | $88M | $109M | $56M | $31M |
Cash flow
Fiscal years, from Mission Produce's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $93M | $79M | $47M | $35M | $29M | $93M | $89M |
| Capital spending | $30M | $67M | $73M | $61M | $50M | $32M | $51M |
| Free cash flow | $63M | $12M | -$26M | -$26M | -$21M | $61M | $37M |
| Stock-based compensation | $0 | $5M | $3M | $4M | $4M | $7M | $9M |
| Dividends paid | $6M | $13M | $0 | $0 | — | — | — |
| Share buybacks (net) | -$900,000 | -$2M | $0 | $0 | -$600,000 | $0 | -$6M |
| Net borrowing | -$14M | -$6M | -$10M | -$63M | -$4M | -$3M | -$3M |
| Free cash flow margin | 7.1% | 1.3% | -3.0% | -2.5% | -2.2% | 5.0% | 2.7% |
| Dividends per share | $0.09 | $0.20 | — | — | — | — | — |
Questions
What was Mission Produce's revenue in 2025?
$1.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Mission Produce generate?
$37M in fiscal 2025 (operating cash flow minus capital spending).
From Mission Produce's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.