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Mission Produce, Inc. (AVO) stock

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NASDAQ: AVO Nasdaq Agricultural Products & Services Next results ~December 17, 2026

C Fundamentals grade

Mission Produce, Inc. is a US-listed company in the agricultural products & services industry. Its financial year ends in October.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 47% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 47% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Mission Produce, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders4 buying, 2 selling46 purchases and 10 sales by directors and officers, last 12 monthsInsider trades
  • Funds120 adding, 77 cuttingOf 36 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Mission Produce files

Where Mission Produce stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $1.34bn, down 6.2% on a year earlier, a smaller fall than the 10.5% decline a quarter earlier. Free-cash-flow margin fell to -0.2% from 0.9% a year earlier. Operating margin narrowed to 1.8% from 4.6%. The diluted share count is up 4.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 7 financial-health checks.

Our model value for Mission Produce is under review, so past values are not shown until it is resolved.

Source: 10-Q filed September 8, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 17, 2026 (estimated)

Mission Produce, Inc.'s trailing-twelve-month revenue fell 6.2% year on year, with a free-cash-flow margin of -0.2%.

Our discounted-cash-flow model values the business at ~$2.9 per share in the base case (~$1.1–$5.2 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Balance sheet growing far ahead of sales: Total assets grew 60% year over year while revenue fell 6% — the balance sheet is expanding 66 points faster than the business it supports.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Mission Produce, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 6.2% over the last 12 months.
  • Burning cash. Free cash flow was -0.2% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 4.0% in a year.
  • High earnings multiple. The shares trade at 531 times the last 12 months' earnings, so expectations are demanding.
  • Weak cash conversion. Free cash flow was -144% of net income over the last 12 months.

Latest results: FY2026 Q3

Filed September 8, 2026
Earnings per share
$0.18 against an average estimate of $0.12: beat by 56.5%
Revenue
$450m, up 25.8% on a year earlier
Share reaction
+5.8% in the first session after the results on September 8, 2026, against -1.0% for the S&P 500
Guidance given
calavo annualized synergy opportunity $30m (annualized); avocado industry volume growth growth 10% (fiscal 2026 fourth quarter)
Next report
December 17, 2026; average EPS estimate $0.32

Mission Produce's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.3%
  • 1 week-2.5%
  • 1 month-10.5%
  • This year-1.1%
  • 1 year-0.4%
  • 5 years-43.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.3B
Operating margin
1.8%
Net margin
0.1%
EPS (TTM, diluted)
$0.02

Growth

Revenue growth
−6.2%
Change in growth rate
+4.4 pts
Share count change
+4.0%

Cash

Free cash flow (TTM)
-$2.3M
FCF margin
-0.2%
Stock pay % of revenue
0.6%

Earnings

Last results
September 8, 2026
Next results (est.)
December 17, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Insider trade
  4. Restructuring
  5. Results
  6. Guidance
  7. Announcement
  8. Announcement
  9. Insider trade
  10. Insider trade
  11. Insider trade
  12. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mission Produce, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 47% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Mission Produce, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 7.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.52 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$8.3 ~$6.7–$11 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$2.3 ~$1.1–$4.5 Left out: out of range vs price (0.20x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mission Produce, Inc. with Agricultural Products & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$13.19$18.99$16.64$9.41$11.80$11.52$11.47
Market value$840m$1.3bn$1.2bn$666m$838m$822m$849m
+ Net debt (− = net cash)$51m$80m$90m$112m$59m$36m$355m
Enterprise value$890m$1.4bn$1.3bn$778m$897m$857m$1.2bn
Multiples
Price / sales 1.0x1.5x1.1x0.7x0.7x0.6x0.6x
Price / earnings 29.2x30.1x——22.8x21.8xn/m
Price / free cash flow 72.4x———13.7x22.1x—
EV / EBITDA 10.3x17.6x—19.6x8.7x8.6x18.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

15 /100

Weak moat

How hard Mission Produce's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Net income has been a median 2.5% of total assets over 6 years.

  • Pricing power 8 / 20

    Gross margin has been a median 11.1%, moving by 2.0 percentage points (standard deviation) across 6 years.

  • Durability 0 / 20

    Operating margin has been a median 3.1%; its worst year was -4.5%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 2 of 6 years, at a median -1.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 17, 2026, after the close. Analysts expect revenue of $435m and EPS of $0.32 (range $0.30 to $0.36) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.64 −20% $1.5bn +5%
Next $0.80 +25% $1.8bn +20%

Next year's EPS estimate has moved −4.7% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.4% on 90 days ago. In the last 30 days, 1 analyst raised Mission Produce, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Mission Produce, Inc., last 90 days
$0.60 $0.70 $0.80 $0.90 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.63 Current fiscal year, 60 days ago: $0.63 Current fiscal year, 30 days ago: $0.63 Current fiscal year, 7 days ago: $0.63 Current fiscal year, Now: $0.64 $0.64 Next fiscal year, 90 days ago: $0.83 Next fiscal year, 60 days ago: $0.83 Next fiscal year, 30 days ago: $0.78 Next fiscal year, 7 days ago: $0.78 Next fiscal year, Now: $0.80 $0.80

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.63$0.83
60 days ago $0.63$0.83
30 days ago $0.63$0.78
7 days ago $0.63$0.78
Now $0.64$0.80

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.12 $0.18 +56.5%
Apr 2026 $0.05 $0.01 −81.2%
Jan 2026 $0.07 $0.10 +36.4%
Oct 2025 $0.23 $0.31 +34.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 8, 2026
  • Calavo annualized synergy opportunity annualized about $30m Raised
    “Based on higher-than-anticipated SG&A savings and network efficiencies, we are raising our estimated annualized synergy opportunity to more than $30 million.” source
  • Avocado industry volume growth fiscal 2026 fourth quarter about 10% growth
    “Avocado industry volumes in the fiscal 2026 fourth quarter are expected to increase by approximately 10% versus the prior year period.” source
  • Exportable avocado production from Peru farms · International Farming fourth quarter of fiscal year 2026 120m to 130m
    “Exportable avocado production from Mission's owned farms in Peru is expected to range between 120 million to 130 million pounds (as compared to 105 million pounds in the fiscal 2025 harvest season), of which approximately 53 million pounds were sold through as of the end of the fiscal third quarter.” source
  • Avocado pricing YoY change fourth quarter of fiscal 2025 about 10% growth
    “Pricing is expected to be lower on a year-over-year basis by approximately 10% compared to the $1.39 per pound average experienced in the fourth quarter of fiscal 2025.” source
  • Adjusted EBITDA fiscal second-half 2026 $84m to $88m Non-GAAP Maintained
    “The Company is reaffirming its fiscal second-half 2026 Adjusted EBITDA outlook of $84 million to $88 million.” source
  • Adjusted EBITDA fourth quarter $52m to $55m Non-GAAP
    “Based on third-quarter results, it expects fourth-quarter Adjusted EBITDA of approximately $52 million to $55 million, including a full quarter of Calavo, and supported by the later timing of sales from its Peru avocado harvest, increased blueberry volumes, and improved avocado margin dynamics.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

5 analysts, Nov 2026
Buy5100%
Hold00%
Sell00%

Monthly trend

  1. Nov 202655
  2. Oct 202644
  3. Sep 202644

Counts of recommendations published by analysts covering Mission Produce, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.9%
of tradable shares
Days to cover
4.92
at average volume
Short interest, 1 month
+1%
to October 15, 2026
Held by institutions
48%
of shares
Held by insiders
38.4%
of shares
Employees
3,800
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −0.4%

$11.52 on October 31, 2025 to $11.47

ThenNowEffect
Revenue (last 12 months) $1.4bn $1.3bn −6.2%
Net margin 2.7% 0.1% −95.6%
P/E multiple 21.0x n/m +2423.6%
Share count 71m 74m −3.8%

Biggest factor: p/e multiple.

Last 3 years +21.4%

$9.45 on November 3, 2023 to $11.47

ThenNowEffect
Revenue (last 12 months) $934m $1.3bn +43.3%
P/S multiple 0.7x 0.6x −11.3%
Share count 71m 74m −4.5%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AVO+4%−26%−13%+42%−19%−1%
Industry peers (median)+1%−25%−19%−1%+3%−9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AVO58%42%42%58%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AVO−31%−31%−37%−26%−32%−34%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 2, 2020: 63% from June 11, 2021 to November 30, 2023. Getting back needed a 168% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$10.11 – $15.34
From 52-week high
−25.2%
vs 50-day average
−7.8%
vs 200-day average
−11.0%
Volatility (1 year)
37%
Beta vs S&P 500
0.06

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±8.1%
After a week
7 up, 5 down
typical move ±9.4%
After a month
6 up, 6 down
typical move ±10.0%
Results releasedNext dayS&P 500 next day5 days21 days
September 8, 2026 +5.8% −1.0% −2.3% −1.3%
June 8, 2026 +6.4% −0.1% +9.4% +30.6%
March 12, 2026 −8.8% −2.1% −5.9% +10.5%
December 18, 2025 +0.5% +1.7% −11.2% −0.2%
September 8, 2025 +3.6% +0.5% +1.7% −7.8%
June 5, 2025 +4.2% +0.5% +14.7% +13.2%
March 10, 2025 −14.3% −3.5% −14.6% −18.2%
December 19, 2024 +14.7% +1.2% +13.1% −4.3%
November 5, 2024 +16.2% +3.7% +12.4% +4.0%
June 6, 2024 −3.5% −0.1% −9.6% −16.2%
March 11, 2024 +9.0% +1.0% +8.6% +4.1%
December 21, 2023 +10.4% +1.2% +9.2% +9.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Mission Produce, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Mission Produce, Inc.
$800M $1B $1.2B $1.4B $1.6B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $953.9M Revenue (TTM), FY24 Q1: $999.1M Revenue (TTM), FY24 Q2: $1.1B Revenue (TTM), FY24 Q3: $1.1B Revenue (TTM), FY24 Q4: $1.2B Revenue (TTM), FY25 Q1: $1.3B Revenue (TTM), FY25 Q2: $1.4B Revenue (TTM), FY25 Q3: $1.4B Revenue (TTM), FY25 Q4: $1.4B Revenue (TTM), FY26 Q1: $1.3B Revenue (TTM), FY26 Q2: $1.2B Revenue (TTM), FY26 Q3: $1.3B $1.3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $953.9M
FY24 Q1 $999.1M
FY24 Q2 $1.1B
FY24 Q3 $1.1B
FY24 Q4 $1.2B
FY25 Q1 $1.3B
FY25 Q2 $1.4B
FY25 Q3 $1.4B
FY25 Q4 $1.4B
FY26 Q1 $1.3B
FY26 Q2 $1.2B
FY26 Q3 $1.3B
Revenue growth, TTM YoY Mission Produce, Inc.
-20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -8.8% Revenue growth, TTM YoY, FY24 Q1: -4.2% Revenue growth, TTM YoY, FY24 Q2: 9.1% Revenue growth, TTM YoY, FY24 Q3: 21.9% Revenue growth, TTM YoY, FY24 Q4: 29.4% Revenue growth, TTM YoY, FY25 Q1: 31.1% Revenue growth, TTM YoY, FY25 Q2: 29.5% Revenue growth, TTM YoY, FY25 Q3: 25.3% Revenue growth, TTM YoY, FY25 Q4: 12.7% Revenue growth, TTM YoY, FY26 Q1: 1.9% Revenue growth, TTM YoY, FY26 Q2: -10.5% Revenue growth, TTM YoY, FY26 Q3: -6.2% -6.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -8.8%
FY24 Q1 -4.2%
FY24 Q2 9.1%
FY24 Q3 21.9%
FY24 Q4 29.4%
FY25 Q1 31.1%
FY25 Q2 29.5%
FY25 Q3 25.3%
FY25 Q4 12.7%
FY26 Q1 1.9%
FY26 Q2 -10.5%
FY26 Q3 -6.2%
Operating margin (TTM) Mission Produce, Inc.
0% 2% 4% 6% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 0.7% Operating margin (TTM), FY24 Q1: 2.5% Operating margin (TTM), FY24 Q2: 3.6% Operating margin (TTM), FY24 Q3: 3.9% Operating margin (TTM), FY24 Q4: 5.3% Operating margin (TTM), FY25 Q1: 5.1% Operating margin (TTM), FY25 Q2: 4.4% Operating margin (TTM), FY25 Q3: 4.6% Operating margin (TTM), FY25 Q4: 4.7% Operating margin (TTM), FY26 Q1: 4.4% Operating margin (TTM), FY26 Q2: 3.6% Operating margin (TTM), FY26 Q3: 1.8% 1.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 0.7%
FY24 Q1 2.5%
FY24 Q2 3.6%
FY24 Q3 3.9%
FY24 Q4 5.3%
FY25 Q1 5.1%
FY25 Q2 4.4%
FY25 Q3 4.6%
FY25 Q4 4.7%
FY26 Q1 4.4%
FY26 Q2 3.6%
FY26 Q3 1.8%
FCF margin (TTM) Mission Produce, Inc.
-4% -2% 0% 2% 4% 6% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -2.2% FCF margin (TTM), FY24 Q1: -0.2% FCF margin (TTM), FY24 Q2: 3.3% FCF margin (TTM), FY24 Q3: 5.6% FCF margin (TTM), FY24 Q4: 5.0% FCF margin (TTM), FY25 Q1: 3.5% FCF margin (TTM), FY25 Q2: 1.8% FCF margin (TTM), FY25 Q3: 0.9% FCF margin (TTM), FY25 Q4: 2.7% FCF margin (TTM), FY26 Q1: 2.9% FCF margin (TTM), FY26 Q2: 2.8% FCF margin (TTM), FY26 Q3: -0.2% -0.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -2.2%
FY24 Q1 -0.2%
FY24 Q2 3.3%
FY24 Q3 5.6%
FY24 Q4 5.0%
FY25 Q1 3.5%
FY25 Q2 1.8%
FY25 Q3 0.9%
FY25 Q4 2.7%
FY26 Q1 2.9%
FY26 Q2 2.8%
FY26 Q3 -0.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Mission Produce took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.4B
  2. Cost of revenue $1.2B · 88.4%
  3. Gross profit $161M · 11.6%
  4. Selling, general and admin $95.5M · 6.9%
  5. Operating income $65.2M · 4.7%
  6. Income tax $21.4M · 1.5%
  7. Net income $37.7M · 2.7%

Shares of revenue. Source: Mission Produce's 10-K for FY2025, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Oct 2019 2020 Oct 2020 2021 Oct 2021 2022 Oct 2022 2023 Oct 2023 2024 Oct 2024 2025 Oct 2025 LTM Jul 2026
Income
Revenue 883 862 892 1,046 954 1,235 1,391 1,339
Gross profit 155 125 125 90 83 153 161 153
EBITDA 123 87 81 −12 40 103 100 65
Operating income 107 68 61 −37 7 66 65 24
Net income 72 29 45 −35 −3 37 38 2
Diluted EPS $1.13 $0.45 $0.63 −$0.49 −$0.04 $0.52 $0.53 $0.02
Growth (year on year)
Revenue — −2.4% +3.4% +17.3% −8.8% +29.4% +12.7% −6.2%
EBITDA — −29.7% −6.0% −115.3% — +160.5% −3.5% −34.8%
Operating income — −35.8% −11.0% −161.1% — — −0.8% −63.5%
Net income — −59.8% +55.9% −177.1% — — +2.7% −95.9%
Diluted EPS — −60.2% +40.0% −177.8% — — +1.9% −96.1%
Margins
Gross margin 17.5% 14.4% 14.0% 8.6% 8.7% 12.4% 11.6% 11.4%
EBITDA margin 13.9% 10.0% 9.1% −1.2% 4.2% 8.4% 7.2% 4.9%
Operating margin 12.1% 7.9% 6.8% −3.6% 0.7% 5.3% 4.7% 1.8%
Net margin 8.1% 3.3% 5.0% −3.3% −0.3% 3.0% 2.7% 0.1%
Free-cash-flow margin 7.1% 1.3% −3.0% −2.5% −2.2% 5.0% 2.7% −0.2%
Cash flow
Cash from operations 93 79 47 35 29 93 89 41
Capital spending 30 67 73 61 50 32 51 44
Free cash flow 63 12 −26 −26 −21 61 37 −2
Stock-based pay 0 5 3 4 5 7 9 8
Free cash flow after stock pay 63 7 −29 −30 −25 54 28 −10
Balance sheet
Cash 64 124 85 53 43 58 65 47
Total debt 0 175 164 143 155 117 100 402
Net debt (negative = net cash) −64 51 80 90 112 59 36 355
Diluted shares 63m 64m 71m 71m 71m 71m 71m 74m
Returned to shareholders
Dividends 6 13 0 0 — — — —
Buybacks 1 2 0 0 1 0 6 10
Total returned 7 15 0 0 1 0 6 10

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · July 31, 2026
What it owns · $1.6bn
Short-term assets $402mLonger-term assets $1.2bn
What it owes, and who funded it · $1.6bn
Short-term liabilities $210mLonger-term liabilities $597mShareholders' equity $764m
  • Short-term assets cover short-term liabilities $402m of assets due within a year against $210m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $402m short-term assets against $597m of longer-dated liabilities.
  • More cash than debt $47m of cash against $400m of debt.
  • Debt below 40% of shareholders' equity Debt is 52% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 29% to 52% over five years.
  • A year's operating cash flow covers at least 20% of debt $41m of operating cash flow against $400m of debt.
  • Operating profit covers interest at least five times over Operating income of $24m against $11m of interest.

From Mission Produce, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$10M
Returned to shareholders
-435%
of free cash flow
Buybacks, last 3 fiscal years
$6.7M
Diluted share count
+4.0%
year over year
Total shareholder yield
1.0%
dividends 0.0% + buybacks 1.0% of market value
Sales & admin spending
8.2%
of revenue

Competitors: side by side with peers

Closest by revenue in agricultural products & services
Last 12 months unless stated AVO AGRO ODC DAR INGR LND Median
Revenue, last 12 months $1.3bn $1.4bn $494m $6.5bn $7.2bn $169m $149m
Revenue growth, last 12 months −6.2% −6.0% 1.7% 14.9% −1.4% 10.0% −1.1%
Revenue growth, 3-year average 12.7% — 6.1% −2.5% −4.2% — −0.1%
Revenue growth, latest quarter 25.8% — 3.3% 16.4% 0.9% — 6.8%
Gross margin 11.4% 24.6% 27.8% 26.3% 23.7% 10.8% 17.6%
Operating margin 1.8% 6.6% 13.8% 14.5% 11.9% −5.9% −5.9%
Operating margin, 3-year average 3.4% 15.1% 13.2% 9.9% 12.2% 39.7% 2.8%
Net margin 0.1% −0.6% 11.5% 9.1% 8.2% −10.1% −0.2%
Cash from operations / revenue 3.1% 21.6% 16.2% 20.6% 11.2% 13.6% 3.2%
Free-cash-flow margin −0.2% 3.0% 9.3% 12.6% 4.9% 8.9% 2.3%
Free-cash-flow margin, 3-year average 2.1% 6.7% 8.5% 8.2% 9.7% 3.0% 3.0%
Stock pay / revenue 0.6% 0.8% 1.1% 0.6% 0.5% 0.1% 0.7%
Change in share count 4.0% −0.6% 0.6% 0.5% −2.5% −0.5% 2.3%

Median of all 20 companies we cover in agricultural products & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

20 agricultural products & services companies
Measure Company Peer median Rank
Revenue growth Growth -6.2% -0.8% 15 of 20
Change in growth rate Growth +4.4pp -0.5pp 5 of 20
Gross margin Profitability 11.4% 11.4% 10 of 19
Operating margin Profitability 1.8% -5.9% 7 of 17
Net margin Profitability 0.1% 0.1% 10 of 20
Free-cash-flow margin Cash generation -0.2% 2.5% 13 of 20
Stock pay as % of revenue Cash generation 0.6% 0.8% 7 of 17
Long-term debt as % of assets Balance sheet 24.2% 16.2% 13 of 18
Change in share count Balance sheet 4.0% 2.4% 11 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to October 31, 2025
Products and services
Line of business Revenue Share YoY
Avocado $1.2B 85.9% ▲ 9.5%
Blueberry $93.1M 6.7% ▲ 23.0%
Mango $86.2M 6.2% ▲ 54.8%
Other $16.2M 1.2% ▲ 45.9%
Geography
Region Revenue Share YoY
United States $1.1B 78.3% ▲ 6.6%
Outside the US $301M 21.7% ▲ 42.1%

From Mission Produce, Inc.'s 10-K filed December 18, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$481M
Institutions reporting
167
Shares held vs prior quarter
▲ 51.4%
Positions opened / closed
45 / 43

Top buyers and sellers, Q2 2026: 120 institutions bought and 77 sold ; the biggest buyer was Rubric Capital Management LP (+4.3M shares) and the biggest seller Bank Of America Corp (−392K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Rubric Capital Management LP $70.5M 6.0M 14.7% ▲ 246.5%
Blackrock, Inc. $56.3M 4.8M 11.7% ▲ 36.9%
Dimensional Fund Advisors LP $48.1M 4.1M 10.0% ▲ 34.9%
Fourth Sail Capital LP $46.9M 4.0M 9.7% ▲ 258.5%
Vanguard Capital Management LLC $28.3M 2.4M 5.9% ▲ 37.5%
American Century Companies Inc $19.1M 1.6M 4.0% ▲ 23.4%
Geode Capital Management, LLC $17.9M 1.5M 3.7% ▲ 41.1%
State Street Corp $16.8M 1.4M 3.5% ▲ 41.3%
Platform Wealth Management, LLC $12.3M 1.0M 2.6% —
Vanguard Portfolio Management LLC $12M 1.0M 2.5% ▲ 30.6%
Integrated Advisors Network LLC $9.6M 813K 2.0% 0.0%
Renaissance Technologies LLC $7.2M 614K 1.5% ▲ 304.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mission Produce, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $87.7M 46 trades by 4 insiders, last 12 months Insider sales History → $3.3M 10 trades by 2 insiders · 0% under pre-set plans
Net ▲ $84.4M net buying
Insider Date Trade Shares Price Value
Gonzalez Luis A Director October 12, 2026 Buy 22,026 $11.22 $247,132
Gonzalez Luis A Director October 9, 2026 Buy 29,996 $11.59 $347,654
Barnard Stephen J Executive Chairman September 24, 2026 Sell 11,255 $13.00 $146,315
Barnard Stephen J Executive Chairman September 24, 2026 Sell 10,391 $13.00 $135,083
Barnard Stephen J Executive Chairman September 21, 2026 Sell 54,332 $13.01 $706,859
Barnard Stephen J Executive Chairman September 21, 2026 Sell 57,026 $13.01 $741,908
Barnard Stephen J Executive Chairman September 18, 2026 Sell 35,062 $12.54 $439,677
Barnard Stephen J Executive Chairman September 18, 2026 Sell 500 $13.00 $6,500
Barnard Stephen J Executive Chairman September 14, 2026 Sell 31,719 $13.01 $412,664
Barnard Stephen J Executive Chairman September 14, 2026 Sell 34,777 $13.02 $452,797
Barnard Stephen J Executive Chairman September 11, 2026 Sell 15,000 $13.10 $196,500
Globalharvest Holdings Venture Ltd 10% owner July 9, 2026 Buy 592,957 $13.28 $7.9M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around December 17, 2026 estimated from the company's past filing pattern, not announced

  • September 8, 2026
  • June 8, 2026
  • March 12, 2026
  • December 18, 2025
  • September 8, 2025
  • June 5, 2025

Recent SEC filings

Data status

When each part of this page on Mission Produce, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mission Produce, Inc. in brief

What does Mission Produce, Inc. do?
Mission Produce, Inc. is a US-listed company in the agricultural products & services industry. Its financial year ends in October.
What is Mission Produce, Inc.'s stock ticker?
Mission Produce, Inc. trades under the ticker AVO on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mission Produce, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mission Produce, Inc. reported revenue of $1.3B, 6.2% lower than a year earlier, according to its SEC filings.
What is Mission Produce, Inc.'s free cash flow?
Mission Produce, Inc.'s free-cash-flow margin is -0.2% of revenue over the trailing twelve months, ranking 13 of the 20 agricultural products & services companies we cover.
Who are Mission Produce, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Rubric Capital Management LP, Blackrock, Inc. and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Mission Produce, Inc. buying back stock, and does it pay a dividend?
Mission Produce, Inc. spent $10M on share repurchases over the trailing twelve months, and its diluted share count still rose 4.0% over the year.
What is Mission Produce, Inc.'s market cap?
On November 2, 2026, Mission Produce, Inc.'s market capitalisation was about $849M, with a price-to-earnings ratio of 530.6 and net debt of $355M. Market figures come from third-party market data and may be delayed.
How much debt does Mission Produce, Inc. have?
Mission Produce, Inc.'s debt-to-equity ratio is 52.4%, from its latest balance sheet (29.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Mission Produce, Inc.'s competitors?
In our Agricultural Products & Services peer group, the companies closest to Mission Produce, Inc. are Adecoagro S.a., Oil-dri Corp Of America, Darling Ingredients Inc., Ingredion Inc and Brasilagro - Brazilian Agricultural Real Estate Co. The side-by-side comparison below sets their revenue, margins and growth against Mission Produce, Inc.'s.
Are insiders buying or selling Mission Produce, Inc. stock?
Over the last 12 months, Mission Produce, Inc.'s directors and officers reported 46 open-market purchases and 10 sales on Form 4. The insider trading page charts every trade.
When is Mission Produce, Inc.'s next earnings date?
Around December 17, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mission Produce, Inc. announces its own schedule.