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Limoneira Co (LMNR) stock

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NASDAQ: LMNR Nasdaq Agricultural Products & Services Next results ~December 22, 2026

D Fundamentals grade

Limoneira Co 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

Model estimate per share

~$3.9

Valuation models combined (2)

Base case. Range ~$2.6–$4.5. Weighted average of 2 models (forward price-to-earnings vs peers, forward price-to-sales vs peers).

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Limoneira Co 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.

  • Insiders2 buying, 1 selling3 purchases and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds49 adding, 50 cuttingOf 11 active managers that changed their stake, 5 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Limoneira files

Where Limoneira Co stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $129m, down 19.9% on a year earlier, a smaller fall than the 25.0% decline a quarter earlier. That puts it 9 of 10 for growth among the agricultural products & services companies we cover. Free-cash-flow margin fell to -18.4% from -5.6% a year earlier. Operating margin narrowed to -35.9% from -7.5%. The diluted share count is up 2.4% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 2 of our 6 financial-health checks.

Source: 10-Q filed September 9, 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 22, 2026 (estimated)

Limoneira Co's trailing-twelve-month revenue fell 19.9% year on year, with a free-cash-flow margin of -18.4%. Where it stands out: change in growth rate of +5.1pp ranks 3 of 20 agricultural products & services companies we cover. Where it lags: gross margin of -1.7% ranks 19 of 19 agricultural products & services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 160.9% while net income fell 364.9%: a 204pp divergence.

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 Limoneira Co's latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 19.9% over the last 12 months.
  • Loss-making. Operating margin is -35.9%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 28.4 points on a year ago.
  • Burning cash. Free cash flow was -18.4% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 2.4% in a year.
  • Gross margin slipping. Gross margin is down 10.2 points on a year ago.

Latest results: FY2026 Q3

Filed September 9, 2026
Earnings per share
$0.02 against an average estimate of $0.19: missed by 89.5%
Revenue
$44m, down 7.7% on a year earlier
Share reaction
-11.4% in the first session after the results on September 9, 2026, against -1.1% for the S&P 500
Guidance given
fresh lemon carton volume 4 to 4.5 (fiscal year 2026); avocado volume (pounds) 7 to 7.25 (fiscal year 2026)
Next report
September 9, 2026; average EPS estimate $0.09

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

Price chart

  • 1 day-0.4%
  • 1 week+0.1%
  • 1 month-11.3%
  • This year-15.8%
  • 1 year-24.2%
  • 5 years-28.4%
  • 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)
$129M
Operating margin
-35.9%
Net margin
-33.0%
EPS (TTM, diluted)
$-2.37

Growth

Revenue growth
−19.9%
Change in growth rate
+5.1 pts
Share count change
+2.4%

Cash

Free cash flow (TTM)
-$23.7M
FCF margin
-18.4%
Stock pay % of revenue
1.4%

Earnings

Last results
September 9, 2026
Next results (est.)
December 22, 2026

News & updates

Updated October 31, 2026

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

  1. Leadership
  2. Results
  3. Guidance
  4. Agreement

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

Limoneira Co valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Limoneira Co as an operating company, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.61 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: the projected cash flows don't support a positive value
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. ~$4.5 ~$3.8–$6.0 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$2.6 ~$1.5–$6.7 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$3.9 ~$2.6–$4.5 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Limoneira Co 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 2016201720182019202020212022202320242025Now
Share price$16.90$20.25$21.60$16.83$12.56$14.91$11.26$13.77$25.06$14.04$10.64
Market value$240m$290m$350m$296m$222m$262m$197m$242m$444m$250m$191m
+ Net debt (− = net cash)$91m$105m$80m$108m$126m$133m$105m$37m$38m$71m$99m
Enterprise value$330m$395m$430m$404m$347m$394m$302m$280m$481m$321m$290m
Multiples
Price / sales 2.1x2.4x2.7x1.7x1.3x1.6x1.1x1.3x2.3x1.6x1.5x
Price / earnings 29.7x44.0x17.3x————25.8x57.5x——
Price / free cash flow —51.9x77.4x——27.2x13.3x—24.9x——
EV / EBITDA 22.7x21.5x25.6x129.6x—113.3x25.2x14.5xn/m——

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

31 /100

Weak moat

How hard Limoneira's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -1.9% of total assets over 10 years.

  • Pricing power 2 / 20

    Gross margin has been a median 9.6%, moving by 8.3 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -6.4%; its worst year was -35.9%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 3 of 10 years, at a median -4.5% of revenue.

  • Discipline 16 / 20

    The diluted share count rose 2.3% over five years; stock-based pay has been a median 1.4% 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

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.66 +17% $120m −25%
Next $0.45 +169% $142m +18%

Next year's EPS estimate has moved −12.3% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +89.4% on 90 days ago. In the last 30 days, 0 analysts raised Limoneira Co's forecast and 3 cut it.

Consensus EPS forecast Limoneira Co, last 90 days
−$1.00 −$0.50 $0.00 $0.50 $1.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.35 Current fiscal year, 60 days ago: −$0.35 Current fiscal year, 30 days ago: −$0.35 Current fiscal year, 7 days ago: −$0.65 Current fiscal year, Now: −$0.66 −$0.66 Next fiscal year, 90 days ago: $0.51 Next fiscal year, 60 days ago: $0.51 Next fiscal year, 30 days ago: $0.51 Next fiscal year, 7 days ago: $0.48 Next fiscal year, Now: $0.45 $0.45

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

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.35$0.51
60 days ago −$0.35$0.51
30 days ago −$0.35$0.51
7 days ago −$0.65$0.48
Now −$0.66$0.45

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.19 $0.02 −89.5%
Apr 2026 −$0.21 −$0.29 −38.1%
Jan 2026 −$0.33 −$0.48 −45.5%
Oct 2025 −$0.11 −$0.45 −309.1%

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

Management guidance

Earnings release, September 9, 2026
  • fresh lemon carton volume · Lemons fiscal year 2026 4m to 4.5m Narrowed
    “The Company expects fresh lemon volumes to be at the lower end of its previously announced range of 4.0 million to 4.5 million cartons for fiscal year 2026.” source
  • avocado volume (pounds) · Avocados fiscal year 2026 7m to 7.25m Raised
    “The Company increased its expected avocado volumes to be in the range of 7.0 million to 7.25 million, compared to the previous range of 5.5 million to 6.5 million pounds for fiscal year 2026.” source
  • Harvest at Limoneira projected distributions · Harvest at Limoneira joint venture Fiscal Year 2026 about $5m
    “Projected Distributions $15 $10 $5 $35 $41 $32 $42” source
  • Harvest at Limoneira projected distributions · Harvest at Limoneira joint venture Fiscal Year 2027 about $35m
    “Projected Distributions $15 $10 $5 $35 $41 $32 $42” source
  • Harvest at Limoneira projected distributions · Harvest at Limoneira joint venture Fiscal Year 2028 about $41m
    “Projected Distributions $15 $10 $5 $35 $41 $32 $42” source
  • Harvest at Limoneira projected distributions · Harvest at Limoneira joint venture Fiscal Year 2029 about $32m
    “Projected Distributions $15 $10 $5 $35 $41 $32 $42” source
Show 2 more items
  • Harvest at Limoneira projected distributions · Harvest at Limoneira joint venture Fiscal Year 2030 about $42m
    “Projected Distributions $15 $10 $5 $35 $41 $32 $42” source
  • total proceeds from Harvest, LLCB II and East Area II monetization · Real estate development over seven fiscal years about $180m
    “The Company expects to receive total proceeds of approximately $180 million from Harvest, LLCB II, LLC and East Area II spread out over seven fiscal years, of which $10 million was received in fiscal year 2025 and $15 million was received in fiscal year 2024.” 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

3 analysts, Oct 2026
Buy267%
Hold133%
Sell00%

Monthly trend

  1. Oct 2026213
  2. Sep 2026213

Counts of recommendations published by analysts covering Limoneira Co, 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
8.4%
of tradable shares
Days to cover
7.61
at average volume
Short interest, 1 month
+24%
to October 15, 2026
Held by institutions
62%
of shares
Held by insiders
9.7%
of shares
Employees
191
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 −24.2%

$14.04 on October 31, 2025 to $10.64

ThenNowEffect
Revenue (last 12 months) $161m $129m −19.9%
P/S multiple 1.5x 1.5x −3.1%
Share count 17m 18m −2.3%

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

Last 3 years −22.6%

$13.75 on November 3, 2023 to $10.64

ThenNowEffect
Revenue (last 12 months) $178m $129m −27.7%
P/S multiple 1.4x 1.5x +9.0%
Share count 18m 18m −1.8%

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
LMNR−8%−17%+72%+20%−47%−16%
Industry peers (median)+4%−26%−19%−1%+3%−4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LMNR50%33%58%75%17%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LMNR−28%−34%−21%−17%−50%−30%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 66% from September 10, 2018 to May 11, 2022. Getting back needed a 192% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$10.57 – $15.03
From 52-week high
−29.2%
vs 50-day average
−14.7%
vs 200-day average
−19.3%
Volatility (1 year)
32%
Beta vs S&P 500
0.22

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
5 up, 7 down
typical move ±7.3%
After a week
4 up, 8 down
typical move ±7.5%
After a month
5 up, 7 down
typical move ±8.9%
Results releasedNext dayS&P 500 next day5 days21 days
September 9, 2026 −11.4% −1.1% −15.8% −19.8%
June 9, 2026 +10.9% −1.9% +9.4% +11.7%
March 12, 2026 −3.6% −2.1% −2.9% −6.6%
December 23, 2025 −10.4% +0.8% −11.8% +1.0%
September 9, 2025 −5.2% +0.5% −4.4% −5.9%
June 9, 2025 +7.9% +0.7% −1.6% +3.4%
March 12, 2025 −12.9% −0.8% −14.4% −22.9%
December 23, 2024 −5.1% +1.7% −6.7% −13.8%
September 9, 2024 −2.7% +1.6% +4.2% +7.2%
June 6, 2024 +4.1% −0.1% −3.2% −2.0%
March 7, 2024 +4.6% +0.4% +5.9% +10.7%
December 21, 2023 +8.3% +1.2% +9.3% −2.0%

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.

Limoneira Co in five measures

Fundamentals grade D
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) Limoneira Co
$120M $140M $160M $180M $200M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $179.9M Revenue (TTM), FY24 Q1: $181.7M Revenue (TTM), FY24 Q2: $178.3M Revenue (TTM), FY24 Q3: $189.1M Revenue (TTM), FY24 Q4: $191.5M Revenue (TTM), FY25 Q1: $186.1M Revenue (TTM), FY25 Q2: $176.6M Revenue (TTM), FY25 Q3: $160.8M Revenue (TTM), FY25 Q4: $159.7M Revenue (TTM), FY26 Q1: $143.6M Revenue (TTM), FY26 Q2: $132.4M Revenue (TTM), FY26 Q3: $128.8M $128.8M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $179.9M
FY24 Q1 $181.7M
FY24 Q2 $178.3M
FY24 Q3 $189.1M
FY24 Q4 $191.5M
FY25 Q1 $186.1M
FY25 Q2 $176.6M
FY25 Q3 $160.8M
FY25 Q4 $159.7M
FY26 Q1 $143.6M
FY26 Q2 $132.4M
FY26 Q3 $128.8M
Revenue growth, TTM YoY Limoneira Co
-30% -20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -2.5% Revenue growth, TTM YoY, FY24 Q1: -0.8% Revenue growth, TTM YoY, FY24 Q2: -3.4% Revenue growth, TTM YoY, FY24 Q3: 6.1% Revenue growth, TTM YoY, FY24 Q4: 6.4% Revenue growth, TTM YoY, FY25 Q1: 2.4% Revenue growth, TTM YoY, FY25 Q2: -0.9% Revenue growth, TTM YoY, FY25 Q3: -15.0% Revenue growth, TTM YoY, FY25 Q4: -16.6% Revenue growth, TTM YoY, FY26 Q1: -22.8% Revenue growth, TTM YoY, FY26 Q2: -25.0% Revenue growth, TTM YoY, FY26 Q3: -19.9% -19.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -2.5%
FY24 Q1 -0.8%
FY24 Q2 -3.4%
FY24 Q3 6.1%
FY24 Q4 6.4%
FY25 Q1 2.4%
FY25 Q2 -0.9%
FY25 Q3 -15.0%
FY25 Q4 -16.6%
FY26 Q1 -22.8%
FY26 Q2 -25.0%
FY26 Q3 -19.9%
Operating margin (TTM) Limoneira Co
-40% -20% 0% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 6.0% Operating margin (TTM), FY24 Q1: -12.6% Operating margin (TTM), FY24 Q2: -13.3% Operating margin (TTM), FY24 Q3: -6.9% Operating margin (TTM), FY24 Q4: -3.2% Operating margin (TTM), FY25 Q1: -2.0% Operating margin (TTM), FY25 Q2: -1.4% Operating margin (TTM), FY25 Q3: -7.5% Operating margin (TTM), FY25 Q4: -12.8% Operating margin (TTM), FY26 Q1: -17.8% Operating margin (TTM), FY26 Q2: -33.2% Operating margin (TTM), FY26 Q3: -35.9% -35.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 6.0%
FY24 Q1 -12.6%
FY24 Q2 -13.3%
FY24 Q3 -6.9%
FY24 Q4 -3.2%
FY25 Q1 -2.0%
FY25 Q2 -1.4%
FY25 Q3 -7.5%
FY25 Q4 -12.8%
FY26 Q1 -17.8%
FY26 Q2 -33.2%
FY26 Q3 -35.9%
FCF margin (TTM) Limoneira Co
-30% -20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -13.6% FCF margin (TTM), FY24 Q1: -7.2% FCF margin (TTM), FY24 Q2: -10.6% FCF margin (TTM), FY24 Q3: -0.2% FCF margin (TTM), FY24 Q4: 4.9% FCF margin (TTM), FY25 Q1: 3.7% FCF margin (TTM), FY25 Q2: 10.7% FCF margin (TTM), FY25 Q3: -5.6% FCF margin (TTM), FY25 Q4: -9.5% FCF margin (TTM), FY26 Q1: -9.9% FCF margin (TTM), FY26 Q2: -20.8% FCF margin (TTM), FY26 Q3: -18.4% -18.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -13.6%
FY24 Q1 -7.2%
FY24 Q2 -10.6%
FY24 Q3 -0.2%
FY24 Q4 4.9%
FY25 Q1 3.7%
FY25 Q2 10.7%
FY25 Q3 -5.6%
FY25 Q4 -9.5%
FY26 Q1 -9.9%
FY26 Q2 -20.8%
FY26 Q3 -18.4%

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

Financial statements

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

Fiscal year 2009 Oct 2009 2010 Oct 2010 2011 Oct 2011 2012 Oct 2012 2013 Oct 2013 2014 Oct 2014 2015 Oct 2015 2016 Oct 2016 2017 Oct 2017 2018 Oct 2018 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 35 54 52 66 85 103 100 112 121 129 171 165 166 185 180 192 160 129
Gross profit 8 23 17 19 21 29 23 28 30 31 19 7 18 24 11 27 5 −2
EBITDA −5 5 3 7 8 13 9 15 18 17 3 −9 3 12 19 2 −11 −38
Operating income −8 3 1 5 5 10 5 9 12 9 −6 −19 −6 2 11 −6 −20 −46
Net income −3 0 2 3 5 7 7 8 7 20 −6 −16 −3 −0 9 8 −16 −43
Diluted EPS −$0.28 $0.01 $0.12 $0.26 $0.36 $0.46 $0.46 $0.52 $0.42 $1.25 −$0.37 −$0.96 −$0.23 −$0.04 $0.50 $0.40 −$0.93 −$2.37
Growth (year on year)
Revenue — +55.8% −3.3% +25.4% +28.9% +21.9% −3.0% +11.4% +8.5% +6.7% +32.5% −4.0% +0.9% +11.2% −2.5% +6.4% −16.6% −19.9%
EBITDA — — −41.1% +107.9% +16.7% +71.9% −34.6% +65.7% +26.2% −8.6% −81.4% — — +244.9% +61.3% −88.7% — —
Operating income — — −67.7% — +18.5% +83.3% −53.7% +100.5% +29.1% −20.0% −158.1% — — — — −157.3% — —
Net income — — — +97.1% +55.7% +42.5% +1.3% +13.8% −18.2% +206.1% −129.4% — — — — −17.9% −307.1% —
Diluted EPS — — — +116.7% +38.5% +27.8% 0.0% +13.0% −19.2% +197.6% −129.6% — — — — −20.0% −332.5% —
Margins
Gross margin 22.4% 42.6% 33.0% 28.1% 25.1% 28.2% 23.1% 25.2% 24.9% 24.2% 11.1% 4.4% 10.6% 13.0% 6.0% 13.9% 3.1% −1.7%
EBITDA margin −14.9% 10.1% 6.1% 10.2% 9.2% 13.0% 8.7% 13.0% 15.1% 13.0% 1.8% −5.4% 2.1% 6.5% 10.8% 1.1% −7.0% −29.2%
Operating margin −21.5% 5.8% 1.9% 6.9% 6.4% 9.6% 4.6% 8.2% 9.8% 7.3% −3.2% −11.6% −3.8% 1.2% 6.0% −3.2% −12.8% −35.9%
Net margin −8.3% 0.6% 3.0% 4.8% 5.8% 6.8% 7.1% 7.2% 5.4% 15.6% −3.5% −10.0% −2.1% −0.1% 5.2% 4.0% −10.0% −33.0%
Free-cash-flow margin −23.7% 2.9% −0.7% −3.0% −5.6% −9.4% −23.5% −1.7% 4.6% 3.5% −8.5% −6.9% 5.8% 8.0% −8.8% 9.3% −3.8% −11.6%
Cash flow
Cash from operations −1 7 6 7 6 16 8 14 18 18 1 −11 10 15 −16 18 −6 −15
Capital spending 7 6 6 8 10 26 31 16 13 14 16 0 0 0 0 0 0 0
Free cash flow −8 2 −0 −2 −5 −10 −24 −2 6 5 −15 −11 10 15 −16 18 −6 −15
Stock-based pay 1 1 1 1 1 1 1 1 1 1 2 2 3 3 4 4 3 2
Free cash flow after stock pay −9 0 −1 −3 −6 −11 −25 −3 4 3 −16 −13 7 12 −20 14 −9 −17
Balance sheet
Cash — — — — — — — 0 0 1 1 1 0 1 4 3 2 2
Total debt 0 86 83 90 62 68 90 91 105 80 109 126 133 106 41 41 72 102
Net debt (negative = net cash) — — — — — — — 91 105 80 108 126 133 105 37 38 71 99
Diluted shares 11m 11m 11m 11m 13m 14m 14m 14m 14m 16m 18m 18m 18m 18m 18m 18m 18m 18m
Returned to shareholders
Dividends 1 1 1 1 2 2 3 3 3 4 5 5 5 5 5 5 5 3
Buybacks 0 — 0 0 — — — — — 0 0 3 0 0 — — — —
Total returned 1 1 1 1 2 2 3 3 3 4 5 9 5 5 5 5 5 3

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

2 of 6 checks passed · July 31, 2026
What it owns · $299m
Short-term assets $39mLonger-term assets $260m
What it owes, and who funded it · $289m
Short-term liabilities $26mLonger-term liabilities $112mShareholders' equity $151m
  • Short-term assets cover short-term liabilities $39m of assets due within a year against $26m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $39m short-term assets against $112m of longer-dated liabilities.
  • More cash than debt $2m of cash against $102m of debt.
  • Debt below 40% of shareholders' equity Debt is 67% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 79% to 67% over five years.
  • A year's operating cash flow covers at least 20% of debt −$15m of operating cash flow against $102m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Limoneira Co'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

Dividends (TTM)
$2.7M
Returned to shareholders
-11%
of free cash flow
Diluted share count
+2.4%
year over year
Total shareholder yield
1.4%
dividends 1.4% + buybacks 0.0% of market value
Sales & admin spending
16.6%
of revenue
Days sales outstanding
43 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in agricultural products & services
Last 12 months unless stated LMNR HYFM LND LOCL RYM ODC Median
Revenue, last 12 months $129m $106m $169m $52m $51m $494m $149m
Revenue growth, last 12 months −19.9% −34.1% 10.0% 17.8% >999% 1.7% −1.1%
Revenue growth, 3-year average −10.3% −25.9% — 24.6% 29.0% 6.1% −0.1%
Revenue growth, latest quarter −7.7% −40.9% — 14.4% >999% 3.3% 6.8%
Gross margin −1.7% 9.4% 10.8% 10.6% 75.2% 27.8% 17.6%
Operating margin −35.9% −253.0% −5.9% −114.4% −46.9% 13.8% −5.9%
Operating margin, 3-year average −16.8% −103.2% 39.7% −196.5% 151.3% 13.2% 2.8%
Net margin −33.0% −267.2% −10.1% −130.5% −6.2% 11.5% −0.2%
Cash from operations / revenue −11.6% −4.4% 13.6% −49.2% 2.5% 16.2% 3.2%
Free-cash-flow margin −18.4% −5.0% 8.9% −54.7% 2.5% 9.3% 2.3%
Free-cash-flow margin, 3-year average −8.1% −3.7% 3.0% −253.7% 163.1% 8.5% 3.0%
Stock pay / revenue 1.4% 0.7% 0.1% 8.4% 4.3% 1.1% 0.7%
Change in share count 2.4% 2.1% −0.5% 59.2% 97.8% 0.6% 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 -19.9% -0.8% 18 of 20
Change in growth rate Growth +5.1pp -0.5pp 3 of 20
Gross margin Profitability -1.7% 11.4% 19 of 19
Operating margin Profitability -35.9% -5.9% 10 of 17
Net margin Profitability -33.0% 0.1% 14 of 20
Free-cash-flow margin Cash generation -18.4% 2.5% 16 of 20
Stock pay as % of revenue Cash generation 1.4% 0.8% 12 of 17
Long-term debt as % of assets Balance sheet 33.6% 16.2% 15 of 18
Change in share count Balance sheet 2.4% 2.4% 9 of 17
Days sales outstanding Balance sheet 43 days 56 days 7 of 15

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
Segments
Line of business Revenue YoY
Fresh Lemons $75.8M ▼ 12.8%
Lemon Packing $49.1M ▼ 0.2%
Other Agribusiness $17M ▼ 31.0%
Avocados $11.7M ▼ 53.2%

These categories overlap or exclude eliminations, so shares aren't shown.

From Limoneira Co's 10-K filed December 23, 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
$148M
Institutions reporting
112
Shares held vs prior quarter
▲ 6.2%
Positions opened / closed
11 / 14

Top buyers and sellers, Q2 2026: 49 institutions bought and 50 sold ; the biggest buyer was Ameriprise Financial Inc (+518K shares) and the biggest seller Rathbones Group PLC (−73K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Global Alpha Capital Management Ltd. $38.1M 2.9M 25.8% ▼ 0.9%
Blackrock, Inc. $15.1M 1.1M 10.2% ▲ 3.6%
Vanguard Capital Management LLC $9.4M 715K 6.4% ▼ 9.3%
First Wilshire Securities Management Inc $7.7M 587K 5.2% ▲ 1.5%
Ameriprise Financial Inc $6.8M 518K 4.6% New
Geode Capital Management, LLC $5.4M 415K 3.7% ▼ 0.5%
Dimensional Fund Advisors LP $4.9M 370K 3.3% ▼ 13.7%
Flax Pond Capital, LLC $4.7M 355K 3.2% ▲ 107.5%
State Street Corp $4.5M 346K 3.1% ▲ 3.8%
Peapod Lane Capital LLC $4.5M 341K 3.0% ▲ 37.3%
Riverwater Partners LLC $4.4M 337K 3.0% ▲ 2.5%
GAMCO Investors, Inc. Et Al $3.8M 293K 2.6% 0.0%

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 Limoneira Co's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $319,029 3 trades by 2 insiders, last 12 months Insider sales History → $104,665 8 trades by 1 insider · 100% under pre-set plans
Net ▲ $214,364 net buying
Insider Date Trade Shares Price Value
Hamm Gregory C. VP, CFO and Treasurer October 1, 2026 Sell pre-set plan 1,000 $11.90 $11,905
Hamm Gregory C. VP, CFO and Treasurer September 1, 2026 Sell pre-set plan 1,000 $13.79 $13,790
Hamm Gregory C. VP, CFO and Treasurer August 3, 2026 Sell pre-set plan 1,000 $12.99 $12,990
Hamm Gregory C. VP, CFO and Treasurer July 1, 2026 Sell pre-set plan 1,000 $13.05 $13,050
Hamm Gregory C. VP, CFO and Treasurer June 1, 2026 Sell pre-set plan 1,000 $12.77 $12,770
Hamm Gregory C. VP, CFO and Treasurer May 1, 2026 Sell pre-set plan 1,000 $12.78 $12,780
Hamm Gregory C. VP, CFO and Treasurer April 2, 2026 Sell pre-set plan 1,000 $13.41 $13,410
Hamm Gregory C. VP, CFO and Treasurer March 3, 2026 Sell pre-set plan 1,000 $13.97 $13,970
Slater Scott S Director January 8, 2026 Buy 5,000 $12.85 $64,250
Nolan Peter J Director January 5, 2026 Buy 3,580 $12.78 $45,752
Nolan Peter J Director January 2, 2026 Buy 16,420 $12.73 $209,027

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 22, 2026 estimated from the company's past filing pattern, not announced

  • September 9, 2026
  • June 9, 2026
  • March 12, 2026
  • December 23, 2025
  • September 9, 2025
  • June 9, 2025

Recent SEC filings

Data status

When each part of this page on Limoneira Co 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.

Limoneira Co in brief

What does Limoneira Co do?
Limoneira Co is a US-listed company in the agricultural products & services industry. Its financial year ends in October.
What is Limoneira Co's stock ticker?
Limoneira Co trades under the ticker LMNR on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Limoneira Co's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Limoneira Co reported revenue of $129M, 19.9% lower than a year earlier, according to its SEC filings.
What is Limoneira Co's free cash flow?
Limoneira Co's free-cash-flow margin is -18.4% of revenue over the trailing twelve months, ranking 16 of the 20 agricultural products & services companies we cover.
Who are Limoneira Co's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Global Alpha Capital Management Ltd., Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Limoneira Co's market cap?
On November 2, 2026, Limoneira Co's market capitalisation was about $191M and net debt of $99.3M. Market figures come from third-party market data and may be delayed.
Does Limoneira Co pay a dividend?
Yes: Limoneira Co paid $2.7M in dividends over the trailing twelve months, a dividend yield of 1.41%.
How much debt does Limoneira Co have?
Limoneira Co's debt-to-equity ratio is 67.4%, from its latest balance sheet (78.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Limoneira Co's competitors?
In our Agricultural Products & Services peer group, the companies closest to Limoneira Co are Hydrofarm Holdings Group, Inc., Brasilagro - Brazilian Agricultural Real Estate Co, Local Bounti Corporation, Rythm, Inc. and Oil-dri Corp Of America. The side-by-side comparison below sets their revenue, margins and growth against Limoneira Co's.
Are insiders buying or selling Limoneira Co stock?
Over the last 12 months, Limoneira Co's directors and officers reported 3 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.
When is Limoneira Co's next earnings date?
Around December 22, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Limoneira Co announces its own schedule.