Mission Produce, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Mission Produce, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	883	862	892	1,046	954	1,235	1,391
Cost of revenue	729	738	767	956	871	1,082	1,231
Gross profit	155	125	125	89.8	83.3	153	161
Selling, general and administrative	48.2	56.2	63.6	77.5	76.4	86.8	95.5
Operating income	107	68.4	60.9	-37.2	6.9	65.7	65.2
Interest expense	10.3	6.7	3.7	5.5	11.6	12.6	9.4
Interest income	1.7	2.4	1.7	1.7	1.5	2.1	1.7
Other non-operating income	-3.6	-0.7	1.3	4.4	-0.2	3.6	0.7
Pre-tax income	96	43.8	66	-31.2	-0.9	60.4	61.9
Income tax	24.3	15	21.1	3.7	2.2	18.6	21.4
Net income to minority interests		0	0	-0.3	-0.3	5.1	2.8
Net income	71.7	28.8	44.9	-34.6	-2.8	36.7	37.7
EBITDA	123	86.5	81.3	-12.4	39.7	103	99.8
EPS, basic	1.13	0.45	0.64	-0.49	-0.04	0.52	0.53
EPS, diluted	1.13	0.45	0.63	-0.49	-0.04	0.52	0.53
Shares, basic (weighted)	63.4	63.6	70.6	70.6	70.8	70.9	70.8
Shares, diluted (weighted)	63.5	63.7	71.1	70.6	70.8	71	71.3
Dividend per share	0.09	0.21

Balance sheet

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	64	124	84.5	52.8	42.9	58	64.8
Inventory		38.6	48.2	73.1	70.8	91.2	80.6
Other current assets		8.8	11.6	11.1	9.1	9.4	8.5
Total current assets		248	247	228	220	279	262
Property, plant and equipment		379	424	490	523	523	542
Lease right-of-use assets		0	43.9	65.4	72.4	67.8	67.7
Goodwill		76.4	76.4	39.4	39.4	39.4	39.4
Intangible assets			0	2	0.5	0	0
Other non-current assets		18.1	19.8	19.7	19.7	19.2	26.5
Total assets		777	874	880	915	972	983
Accounts payable		20.5	22.8	34.4	27.2	35.3	47.3
Accrued liabilities		28.3	28.8	30.1	26.4	39.9	38.9
Deferred revenue		0
Short-term debt		7.4	8.8	3.5	3.4	3	3
Total current liabilities		77.9	89.2	102	97.5	149	135
Long-term debt		167	155	137	149	111	92.8
Lease liabilities		0	42.5	63.9	71	67.4	67.5
Other non-current liabilities		24.3	20	19.2	26.4	26	26.3
Total liabilities		304	339	357	387	394	363
Total debt		174	164	140	152	114	95.8
Paid-in capital		223	226	229	233	240	247
Retained earnings		251	309	274	271	308	339
Other comprehensive income		-0.5	-0.5	-1.7	-0.9	-0.2	0.6
Shareholders' equity	379	474	534	502	504	547	587
Minority interests			0	20.8	24.7	29.8	32.6
Total equity	379	474	534	523	528	577	620
Total liabilities and equity		777	874	880	915	972	983
Shares outstanding		70.6	70.6	70.7	70.7	70.9	70.6

Cash flow statement

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	71.7	28.8	44.9	-34.9	-3.1	41.8	40.5
Depreciation and amortization	16.5	18.1	20.4	24.8	32.8	37.7	34.6
Stock-based compensation	0	5	2.6	3.6	4.5	7.1	8.8
Deferred income tax	0.6	-1	8.8	-0.6	-6.4	-8	1.9
Change in inventory	-12.3	5.9	-11.2	-15.3	3	-19.3	11.1
Change in payables	5.2	8.2	8.9	9.4	-8.9	25.4	12.3
Cash from operations	92.6	78.9	47	35.2	29.2	93.4	88.6
Capital expenditures	-29.7	-67.3	-73.4	-61.2	-49.8	-32.2	-51.4
Cash from investing	-30.7	-67.7	-70.3	-51.4	-54.1	-33.5	-51.9
Debt repaid	-14.2	-6.3	-10.5	-63.3	-3.5	-3.4	-3
Stock issued	0	78.1	0	0	0.1	0	0.3
Share buybacks	-0.9	-1.9	0	0	-0.6	0	-6.1
Dividends paid	-5.6	-13	0	0
Cash from financing	-26.8	50.1	-11.5	-21.8	14.3	-43.8	-29.5
Exchange rate effect	0	0.1	0	-0.3	-0.1	0	0
Net change in cash	35.1	61.4	-34.8	-38.3	-10.7	16.1	7.2
Free cash flow	62.9	11.6	-26.4	-26	-20.6	61.2	37.2
Interest paid	10.5	6.3	4.3	5.7	11.5	12.2	9.1
Income taxes paid	21.5	18.5	14.8	6.2	7.1	19.6	23

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $13.14 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	11.4%	Gross profit / revenue.
Operating margin	1.8%	Operating income / revenue.
EBITDA margin	4.9%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	1.1%	Pre-tax income / revenue.
Net margin	0.1%	Net income / revenue.
FCF margin	-0.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	3.1%	Cash from operations / revenue.
Effective tax rate	76.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	0.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.1%	Net income / average total assets.
Return on invested capital (ROIC)	1.7%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	8.2%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	3.3%	Capital expenditures / revenue.
D&A / revenue	3.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	12.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	10.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	10.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	5.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	21.4%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	5.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-0.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 5y	-1.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-3.5%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 5y	2.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	2.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	5.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	1.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y	3.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-5.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	36.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	2.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-39.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	26.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	7.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	5.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	4.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	2.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.92x	Current assets / current liabilities.
Quick ratio	0.22x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.22x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.52x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	24.9%	Total debt / total assets.
Liabilities / assets	50.2%	Total liabilities / total assets.
Net debt	$353.2M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	5.41x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	2.18x	Operating income / interest expense.
Working capital	$192.2M	Current assets - current liabilities.
Goodwill and intangibles / assets	23.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	$395.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.83x	Revenue / average total assets.
Fixed asset turnover	2.04x	Revenue / average property, plant and equipment.
Inventory turnover	8.39x	Cost of revenue / average inventory.
Days inventory	43 days	365 x average inventory / cost of revenue.
Days payables	19 days	365 x average accounts payable / cost of revenue.
FCF conversion	-143.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	105.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.02	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$16.16	Revenue / diluted weighted shares.
FCF per share	-$0.03	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.50	Cash from operations / diluted weighted shares.
Book value per share	$8.71	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$4.51	Tangible book value / shares outstanding.
Cash per share	$0.54	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$1.16B	Share price x shares outstanding.
Enterprise value	$1.51B	Market cap + total debt - cash - short-term investments.
P/E	725x	Market cap / net income. Only when net income is positive.
P/S	0.87x	Market cap / revenue.
P/B	1.52x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.94x	Market cap / tangible book value, when positive.
P/OCF	28.1x	Market cap / cash from operations, when positive.
EV/Sales	1.13x	Enterprise value / revenue.
EV/EBIT	63.1x	Enterprise value / operating income, when both are positive.
EV/EBITDA	23.2x	Enterprise value / EBITDA, when both are positive.
FCF yield	-0.2%	Free cash flow / market cap.
Earnings yield	0.1%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.9%	(Dividends paid + share buybacks) / market cap.

What was Mission Produce, Inc.'s revenue in fiscal 2025?

Mission Produce, Inc. reported revenue of $1.39B for fiscal 2025, 12.7% higher than the year before.

Was Mission Produce, Inc. profitable in fiscal 2025?

Yes. Net income was $37.7M, a net margin of 2.7%.

How much free cash flow did Mission Produce, Inc. generate in fiscal 2025?

Cash from operations of $88.6M minus capital expenditures of $51.4M left free cash flow of $37.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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