Financial Snapshot

Revenue
$880.3M
TTM
Gross Margin
10.98%
TTM
Net Earnings
$19.40M
TTM
Current Assets
Q4 2024
Current Liabilities
Q4 2024
Current Ratio
187.12%
Q4 2024
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
$577.1M
Q4 2024
Cash
Q4 2024
P/E
46.53
Nov 29, 2024 EST
Free Cash Flow
$30.10M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018
Revenue $1.235B $953.9M $1.046B $891.7M $862.3M $883.3M $859.9M
YoY Change 29.44% -8.8% 17.29% 3.41% -2.38% 2.72%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018
Revenue $1.235B $953.9M $1.046B $891.7M $862.3M $883.3M $859.9M
Cost Of Revenue $1.082B $870.6M $956.1M $767.2M $737.7M $728.6M $805.9M
Gross Profit $152.5M $83.30M $89.80M $124.5M $124.6M $154.7M $54.00M
Gross Profit Margin 12.35% 8.73% 8.59% 13.96% 14.45% 17.51% 6.28%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018
Selling, General & Admin $86.80M $76.40M $77.50M $63.60M $56.20M $48.20M $35.20M
YoY Change 13.61% -1.42% 21.86% 13.17% 16.6% 36.93%
% of Gross Profit 56.92% 91.72% 86.3% 51.08% 45.1% 31.16% 65.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.70M $32.80M $24.80M $20.40M $18.10M $16.50M $9.440M
YoY Change 14.94% 32.26% 21.57% 12.71% 9.7% 74.79%
% of Gross Profit 24.72% 39.38% 27.62% 16.39% 14.53% 10.67% 17.48%
Operating Expenses $86.80M $76.40M $77.50M $63.60M $56.20M $48.20M $35.30M
YoY Change 13.61% -1.42% 21.86% 13.17% 16.6% 36.54%
Operating Profit $65.70M $6.900M -$37.20M $60.90M $68.40M $106.5M $18.70M
YoY Change 852.17% -118.55% -161.08% -10.96% -35.77% 469.52%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018
Interest Expense $12.60M $11.60M $5.500M $3.700M $6.700M $10.30M $71.20M
YoY Change 8.62% 110.91% 48.65% -44.78% -34.95% -85.53%
% of Operating Profit 19.18% 168.12% 6.08% 9.8% 9.67% 380.75%
Other Income/Expense, Net $3.600M -$200.0K $4.400M $1.300M -$700.0K -$3.600M -$1.200M
YoY Change -1900.0% -104.55% 238.46% -285.71% -80.56% 200.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018
Pretax Income $60.40M -$900.0K -$31.20M $66.00M $43.80M $96.00M $88.70M
YoY Change -6811.11% -97.12% -147.27% 50.68% -54.38% 8.23%
Income Tax $18.60M $2.200M $3.700M $21.10M $15.00M $24.30M $16.20M
% Of Pretax Income 30.79% 31.97% 34.25% 25.31% 18.26%
Net Earnings $36.70M -$2.800M -$34.60M $44.90M $28.80M $71.70M $72.40M
YoY Change -1410.71% -91.91% -177.06% 55.9% -59.83% -0.97%
Net Earnings / Revenue 2.97% -0.29% -3.31% 5.04% 3.34% 8.12% 8.42%
Basic Earnings Per Share $0.52 -$0.04 -$0.49 $0.64 $0.45 $1.13
Diluted Earnings Per Share $0.52 -$0.04 -$0.49 $0.63 $0.45 $1.13 $1.043M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $42.90M $52.80M $84.50M $124.0M $64.00M $26.30M
YoY Change -18.75% -37.51% -31.85% 93.75% 143.35%
Cash & Equivalents $42.90M $52.80M $84.50M $124.0M $64.00M $26.30M
Short-Term Investments
Other Short-Term Assets $9.400M $12.20M $17.70M $10.20M $10.00M $11.60M
YoY Change -22.95% -31.07% 73.53% 2.0% -13.79%
Inventory $70.80M $73.10M $48.20M $38.60M $44.90M $32.30M
Prepaid Expenses
Receivables $74.10M $62.90M $73.80M $57.50M $67.90M $65.40M
Other Receivables $22.90M $27.10M $22.90M $17.80M $19.20M $21.30M
Total Short-Term Assets $220.1M $228.1M $247.1M $248.1M $206.0M $156.9M
YoY Change -3.51% -7.69% -0.4% 20.44% 31.29%
Property, Plant & Equipment $595.6M $555.1M $468.1M $379.1M $330.3M $314.7M
YoY Change 7.3% 18.59% 23.48% 14.77% 4.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $31.00M $27.10M $52.70M $46.70M $62.70M $58.80M
YoY Change 14.39% -48.58% 12.85% -25.52% 6.63%
Other Assets $28.20M $27.80M $27.40M $69.20M $72.80M $69.90M
YoY Change 1.44% 1.46% -60.4% -4.95% 4.15%
Total Long-Term Assets $694.7M $651.4M $626.4M $529.2M $483.4M $464.9M
YoY Change 6.65% 3.99% 18.37% 9.47% 3.98%
Total Assets $914.8M $879.5M $873.5M $777.3M $689.4M $621.8M
YoY Change
Accounts Payable $53.60M $58.70M $45.00M $39.30M $46.90M $39.10M
YoY Change -8.69% 30.44% 14.5% -16.2% 19.95%
Accrued Expenses $32.70M $34.70M $29.30M $28.30M $21.20M $19.30M
YoY Change -5.76% 18.43% 3.53% 33.49% 9.84%
Deferred Revenue
YoY Change
Short-Term Debt $2.800M $2.500M $0.00 $0.00 $0.00 $0.00
YoY Change 12.0%
Long-Term Debt Due $6.500M $4.700M $9.900M $8.600M $7.300M $8.500M
YoY Change 38.3% -52.53% 15.12% 17.81% -14.12%
Total Short-Term Liabilities $97.50M $101.7M $89.20M $77.90M $79.50M $68.30M
YoY Change -4.13% 14.01% 14.51% -2.01% 16.4%
Long-Term Debt $165.8M $138.3M $157.3M $170.0M $178.6M $195.2M
YoY Change 19.88% -12.08% -7.47% -4.82% -8.5%
Other Long-Term Liabilities $99.70M $87.20M $66.00M $28.10M $25.00M $17.70M
YoY Change 14.33% 32.12% 134.88% 12.4% 41.24%
Total Long-Term Liabilities $265.5M $225.5M $223.3M $198.1M $203.6M $212.9M
YoY Change 17.74% 0.99% 12.72% -2.7% -4.37%
Total Liabilities $411.2M $377.4M $339.3M $303.8M $310.4M $308.3M
YoY Change 8.96% 11.23% 11.69% -2.13% 0.68%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 70.86M shares 70.75M shares 70.65M shares 70.58M shares 63.63M shares 63.44M shares
Diluted Shares Outstanding 71.01M shares 70.75M shares 70.65M shares 71.07M shares 63.66M shares 63.48M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $902.69 Million

About Mission Produce, Inc.

Mission Produce, Inc. engages in farming, packaging, marketing, and distribution of avocados to food retailers, distributors, and produce wholesalers worldwide. The company is headquartered in Oxnard, California and currently employs 3,300 full-time employees. The company went IPO on 2020-09-30. The company operates through three segments: Marketing and Distribution, International Farming, and Blueberries. Its Marketing and Distribution segment sources fruit from growers and then distributes the fruit through its global distribution network. Its International Farming segment owns and operates orchards from which all fruit produced is sold to its Marketing and Distribution segment. Its farming activities range from cultivating early-stage plantings to harvesting from mature trees. Its Blueberries segment is a farming operation that cultivates blueberry plants in Peru. The company provides value-added services including ripening, bagging, custom packaging, logistical management, and quality assurance. The firm also provides its customers with merchandising and promotional support, insights on market trends and hands-on training.

Industry: Agricultural Services Peers: B&G Foods, Inc. BEYOND MEAT, INC. BRC Inc. Kuber Resources Corp HAIN CELESTIAL GROUP INC Mondelez International, Inc. SANFILIPPO JOHN B & SON INC Sovos Brands, Inc. Westrock Coffee Co