Dole (DOLE) financial statements
Dole reported revenue of $9.2B in fiscal 2025, up 14.1% a year over 6 years.
Net income was $51M and the operating margin 2.4%, against 1.1% in 2019.
Free cash flow was $2M, and the company returned $32M in dividends.
The diluted share count rose 72% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Dole's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $4.2B | $4.3B | $5.9B | $8.0B | $8.2B | $8.5B | $9.2B |
| Cost of revenue | $3.9B | $4.0B | $5.6B | $7.4B | $7.6B | $7.8B | $8.5B |
| Gross profit | $302M | $334M | $344M | $600M | $694M | $718M | $714M |
| Research and development | $0 | $0 | $4M | $9M | $9M | $9M | $9M |
| Selling, general and admin | $254M | $265M | $323M | $436M | $474M | $474M | $495M |
| Operating income | $48M | $67M | -$9M | $175M | $272M | $281M | $223M |
| Interest expense | $12M | $11M | $25M | $56M | $81M | $72M | $67M |
| Pre-tax income | $43M | $59M | -$21M | $136M | $206M | $240M | $168M |
| Income tax | $10M | $18M | -$11M | -$26M | $44M | $76M | $71M |
| Net income | $55M | $52M | -$7M | $86M | $124M | $126M | $51M |
| EPS (diluted) | $0.99 | $0.94 | -$0.10 | $0.91 | $1.30 | $1.32 | $0.53 |
| Diluted shares | 56M | 56M | 72M | 95M | 95M | 95M | 96M |
| Gross margin | 7.3% | 7.7% | 5.8% | 7.5% | 8.4% | 8.5% | 7.8% |
| Operating margin | 1.1% | 1.5% | -0.1% | 2.2% | 3.3% | 3.3% | 2.4% |
| Net margin | 1.3% | 1.2% | -0.1% | 1.1% | 1.5% | 1.5% | 0.6% |
Balance sheet
Fiscal years, from Dole's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $130M | $161M | $257M | $234M | $281M | $336M | $274M |
| Receivables | — | $362M | $719M | $610M | $538M | $474M | $540M |
| Inventory | — | $141M | $411M | $394M | $379M | $430M | $509M |
| Total current assets | — | $730M | $1.6B | $1.6B | $1.9B | $1.8B | $1.8B |
| Property, plant and equipment | — | $220M | $1.4B | $1.1B | $1.1B | $1.1B | $1.1B |
| Goodwill | $221M | $234M | $511M | $497M | $513M | $430M | $434M |
| Total assets | — | $1.9B | $4.7B | $4.6B | $4.6B | $4.4B | $4.4B |
| Total current liabilities | — | $690M | $1.4B | $1.5B | $1.7B | $1.6B | $1.5B |
| Long-term debt | — | $315M | $1.3B | $1.1B | $845M | $866M | $800M |
| Total liabilities | — | $1.2B | $3.4B | $3.3B | $3.1B | $3.0B | $2.9B |
| Shareholders' equity | $614M | $535M | $1.1B | $1.3B | $1.4B | $1.3B | $1.4B |
| Net debt | -$130M | $175M | $1.1B | $996M | $792M | $616M | $590M |
Cash flow
Fiscal years, from Dole's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $75M | $145M | $16M | $239M | $299M | $263M | $123M |
| Capital spending | $27M | $23M | $59M | $86M | $78M | $82M | $121M |
| Free cash flow | $48M | $121M | -$42M | $153M | $221M | $180M | $2M |
| Stock-based compensation | $0 | $0 | $815,000 | $4M | $6M | $8M | $7M |
| Dividends paid | $15M | $12M | $25M | $31M | $30M | $31M | $32M |
| Net borrowing | $386M | -$61M | -$342M | -$118M | -$168M | -$179M | -$89M |
| Free cash flow margin | 1.2% | 2.8% | -0.7% | 1.9% | 2.7% | 2.1% | 0.0% |
| Dividends per share | $0.27 | $0.21 | $0.34 | $0.32 | $0.32 | $0.32 | $0.33 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for DOLE.
Open DOLE in InvestinglyQuestions
What was Dole's revenue in 2025?
$9.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Dole generate?
$2M in fiscal 2025 (operating cash flow minus capital spending).
From Dole's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.