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Mission Produce, Inc. key statistics and ratios

In fiscal 2025, Mission Produce, Inc. had return on equity of 6.6%, an operating margin of 4.7%, debt equal to 17.1% of equity and a current ratio of 1.95. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2019Oct 20192020Oct 20202021Oct 20212022Oct 20222023Oct 20232024Oct 20242025Oct 2025LTMJul 2026
Gross margin17.5%14.4%14.0%8.6%8.7%12.4%11.6%11.4%
Operating margin12.1%7.9%6.8%−3.6%0.7%5.3%4.7%1.8%
Net margin8.1%3.3%5.0%−3.3%−0.3%3.0%2.7%0.1%
Free-cash-flow margin7.1%1.3%−3.0%−2.5%−2.2%5.0%2.7%−0.2%
Return on equity18.9%6.8%8.9%−6.7%−0.6%7.0%6.6%0.2%
Return on assets—3.7%5.4%−3.9%−0.3%3.9%3.9%0.1%
Asset turnover—1.111.081.191.061.311.421.03
Current ratio—3.182.772.242.261.871.951.92
Debt to equity0.0%36.9%30.8%28.5%30.7%21.3%17.1%52.6%
Interest cover (operating income ÷ interest)10.3x10.2x16.5xn/m0.6x5.2x6.9x2.2x
Effective tax rate25.3%34.2%32.0%——30.8%34.6%76.8%
SG&A as % of revenue5.5%6.5%7.1%7.4%8.0%7.0%6.9%8.2%
Capital spending as % of revenue3.4%7.8%8.2%5.9%5.2%2.6%3.7%3.3%
Free cash flow ÷ net income87.7%40.3%−58.8%——166.8%98.7%−143.8%
Dividends ÷ net income7.8%45.1%0.0%—————
Dividends and buybacks ÷ free cash flow10.3%128.4%———0.0%16.4%—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

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Figures from Mission Produce, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Mission Produce, Inc.