AVO
Mission Produce, Inc.
Next earnings Sep 7, 2026 · consensus $0.13 EPS, $393M rev
Last earnings -1.1% on 2026-06-08
$12.26
▲ +3.46%$12.26▼ -2.39%
over 1Y
L $10.11EODHDH $15.34
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+3.5%
1W+7.6%
1M+7.2%
3M-12.1%
YTD+5.9%
1Y-2.4%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 7 analysts
Buy
Cheap on sales but thin-margin avocado distributor with tariff overhang — fair hold near IPO price, not a table-pounder.
The read
Middling fundamentals and a rich price (~26% above fair value) leave little margin of safety — a wait-and-see.
Mission Produce is a structurally low-margin commodity-produce business that has nonetheless executed a clean operational turnaround. FY2025 revenue of $1.39B (+12.7% YoY) extends a recovery from the FY2023 trough ($954M / -$2.8M net loss), and the company is now solidly profitable with $37.7M net income and $0.53 diluted EPS. Gross margin of 11.6% and operating margin of 4.7% are characteristic of fresh-produce distribution — there is no path to software-like profitability here, and operating income actually slipped 0.8% YoY despite the revenue gain, which the MD&A attributes in part to ~$2.7M of charges from closing Canadian distribution centers and a tougher tariff backdrop.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $892M | $1.05B | $954M | $1.23B | $1.39B |
| Gross profit | $125M | $89.8M | $83.3M | $153M | $161M |
| Operating income | $60.9M | -$37.2M | $6.90M | $65.7M | $65.2M |
| Net income | $44.9M | -$34.6M | -$2.80M | $36.7M | $37.7M |
| Diluted EPS | $0.63 | -$0.49 | -$0.04 | $0.52 | $0.53 |
| Net margin | 5.0% | -3.3% | -0.3% | 3.0% | 2.7% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$896M
EV / EBITDA9.0
EV / Sales0.6
EV / FCF24.1
P / FCF23.3
PEG (trailing)8.49
Earnings yield4.4%
FCF yield4.3%
Quality & risk
ROIC (est.)7.5%
Free cash flow$37.2M
Total debt$95.8M
Net cash-$31.0M
Altman Z-Score3.70 safe
Piotroski F-Score8/9
Capital returns
Buyback yield0.7%
Dividend yield (est.)0.0%
Shareholder yield0.7%
Shares Δ YoY-0.5%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
- 8-K Earnings results2026-06-08
Q2 FY26 10-Q filed; interim results amid ongoing tariff/macro headwinds
- 10-Q Quarterly report2026-06-08
Q2 FY26 10-Q filed; interim results amid ongoing tariff/macro headwinds
- 8-K Officer / director change2026-05-29
Completed acquisition and announced executive change; material strategic event
- 8-K Other event2026-05-22
Other-events disclosure with exhibits; no material financial result reported
- 8-K Shareholder vote2026-04-29
Annual meeting vote results disclosed; routine shareholder governance outcome
- 8-K Other event2026-04-20
Other-events disclosure; non-financial corporate update
- 8-K Other event2026-04-15
Other-events disclosure; non-financial corporate update
- 10-Q Quarterly report2026-03-12
Q1 FY26 10-Q filed; first interim period after FY25 record revenue
- DEF 14A Proxy statement2026-02-24
FY26 proxy: routine board, comp and auditor ratification items
Recent filings
all on EDGAR ↗4Period ending 2026-06-222026-06-23open ↗4Period ending 2026-06-172026-06-22open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-122026-06-15open ↗4Period ending 2026-06-112026-06-15open ↗10-QPeriod ending 2026-04-302026-06-08open ↗8-KPeriod ending 2026-06-082026-06-08open ↗4Period ending 2026-05-282026-06-01open ↗SCHEDULE 13D/AFiling2026-06-01open ↗4Period ending 2026-05-282026-05-29open ↗3Period ending 2026-05-282026-05-29open ↗
Frequently asked
- Is Mission Produce, Inc. (AVO) a buy?
- AVO currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Cheap on sales but thin-margin avocado distributor with tariff overhang — fair hold near IPO price, not a table-pounder.
- What is AVO's fair value?
- A Modified-Graham model based on AVO's SEC fundamentals estimates a fair value of about $9.09. It is an estimate from reported earnings, not a price target.
- Is AVO overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, AVO currently appears overvalued relative to its SEC-grounded earnings power.
- What is Mission Produce, Inc.'s quality score?
- AVO scores 69.90196078431372/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001802974, latest 10-Q filed 2026-06-08) · EODHD · analysis by claude-code · as of 6/25/2026, 2:18:03 PM.
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