NASDAQ : CVGW
Calavo Growers, Inc. — Financial statements
Consumer Staples · Food Distribution · United States
Last price 26.09 USD (May 27, 2026, 4:00 PM EDT) · Market cap 466.33M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Calavo Growers, Inc. (CVGW) reported revenue of 616.25M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 616.25M | 648.43M | 661.54M | 594.10M | 769.69M | 1.06B |
| Cost of Revenue | 553.13M | 584.77M | 593.74M | 531.49M | 714.95M | 998.40M |
| Gross Profit | 63.12M | 63.66M | 67.80M | 62.61M | 54.74M | 57.42M |
| Selling, General & Admin | 42.20M | 42.09M | 49.04M | 41.78M | 43.74M | 53.28M |
| Other Operating Expenses | 1.80M | 1.96M | 1.04M | 3.13M | 1.42M | 1.80M |
| Operating Expenses | 44.00M | 44.05M | 50.08M | 44.90M | 45.16M | 55.08M |
| Operating Income | 19.12M | 19.61M | 17.72M | 17.71M | 9.59M | 2.35M |
| Interest Expense | -743.00K | -827.00K | -2.89M | -2.37M | -1.63M | -798.00K |
| Interest & Investment Income | 2.94M | 3.24M | 1.02M | 605.00K | 1.30M | 835.00K |
| Earnings From Equity Investments | -1.62M | -214.00K | -478.00K | -879.00K | -564.00K | -1.72M |
| Currency Exchange Gain (Loss) | 5.36M | 1.80M | -5.84M | 1.38M | -973.00K | |
| Other Non Operating Income (Expenses) | 1.16M | 1.00M | 641.00K | 260.00K | 3.00K | 516.00K |
| EBT Excluding Unusual Items | 26.20M | 24.62M | 10.17M | 16.70M | 7.72M | 1.18M |
| Merger & Restructuring Charges | -4.90M | -1.00M | -5.50M | -2.80M | -12.34M | |
| Gain (Loss) on Sale of Investments | -8.61M | 3.86M | ||||
| Other Unusual Items | -500.00K | 6.13M | ||||
| Pretax Income | 20.20M | 24.62M | 9.17M | 11.20M | -3.68M | -1.18M |
| Income Tax Expense | 3.86M | 4.65M | 2.33M | 6.15M | 3.17M | 10.75M |
| Earnings From Continuing Operations | 16.34M | 19.97M | 6.85M | 5.05M | -6.85M | -11.92M |
| Earnings From Discontinued Operations | -7.87M | -13.02M | 246.00K | |||
| Net Income to Company | 16.34M | 19.97M | -1.02M | -7.97M | -6.60M | -11.92M |
| Minority Interest in Earnings | -226.00K | -174.00K | -52.00K | -377.00K | 353.00K | 104.00K |
| Net Income | 16.11M | 19.80M | -1.08M | -8.34M | -6.25M | -11.82M |
| Net Income to Common | 16.11M | 19.80M | -1.08M | -8.34M | -6.25M | -11.82M |
| Shares Outstanding (Basic) | 17.85M | 17.84M | 17.80M | 17.75M | 17.66M | 17.62M |
| Shares Outstanding (Diluted) | 17.90M | 17.90M | 17.86M | 17.85M | 17.75M | 17.62M |
| EPS (Basic) | 0.90 | 1.11 | -0.06 | -0.47 | -0.35 | -0.67 |
| EPS (Diluted) | 0.90 | 1.11 | -0.06 | -0.47 | -0.36 | -0.67 |
| Free Cash Flow | 14.65M | 19.39M | 21.53M | -25.16M | 40.46M | 2.13M |
| Free Cash Flow Per Share | 0.82 | 1.08 | 1.21 | -1.41 | 2.28 | 0.12 |
| Dividend Per Share | 0.80 | 0.80 | 0.50 | 0.59 | 1.15 | |
| Gross Margin | 10.24% | 9.82% | 10.25% | 10.54% | 7.11% | 5.44% |
| Operating Margin | 3.10% | 3.02% | 2.68% | 2.98% | 1.25% | 0.22% |
| Profit Margin | 2.61% | 3.05% | -0.16% | -1.40% | -0.81% | -1.12% |
| Free Cash Flow Margin | 2.38% | 2.99% | 3.25% | -4.23% | 5.26% | 0.20% |
| EBITDA | 26.41M | 27.09M | 28.33M | 34.99M | 26.18M | 19.92M |
| EBITDA Margin | 4.29% | 4.18% | 4.28% | 5.89% | 3.40% | 1.89% |
| D&A For EBITDA | 7.29M | 7.48M | 10.60M | 17.28M | 16.59M | 17.57M |
| EBIT | 19.12M | 19.61M | 17.72M | 17.71M | 9.59M | 2.35M |
| EBIT Margin | 3.10% | 3.02% | 2.68% | 2.98% | 1.25% | 0.22% |
| Effective Tax Rate | 19.13% | 18.87% | 25.35% | 54.89% | ||
| Advertising Expenses | 300.00K | 300.00K | 400.00K | 600.00K | 400.00K |
Balance sheet
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 47.67M | 61.16M | 57.03M | 2.09M | 2.06M | 1.89M |
| Cash & Short-Term Investments | 47.67M | 61.16M | 57.03M | 2.09M | 2.06M | 1.89M |
| Accounts Receivable | 40.56M | 31.65M | 41.91M | 33.90M | 59.02M | 78.87M |
| Other Receivables | 2.30M | 5.00M | 5.14M | 6.99M | 5.20M | 13.22M |
| Receivables | 44.85M | 38.74M | 49.24M | 42.49M | 65.51M | 92.49M |
| Inventory | 37.77M | 33.60M | 34.16M | 31.57M | 38.83M | 40.76M |
| Prepaid Expenses | 7.03M | 2.85M | 3.58M | 4.24M | 5.77M | 9.85M |
| Restricted Cash | 761.00K | 1.07M | 970.00K | |||
| Other Current Assets | 15.30M | 13.07M | 14.57M | 52.22M | 12.43M | 6.69M |
| Total Current Assets | 152.63M | 149.43M | 158.58M | 133.37M | 125.67M | 152.64M |
| Property, Plant & Equipment | 64.04M | 65.77M | 72.52M | 79.28M | 167.83M | 178.12M |
| Long-Term Investments | 1.67M | 2.21M | 2.42M | 2.90M | 3.78M | 31.40M |
| Goodwill | 10.21M | 10.21M | 10.21M | 10.21M | 28.65M | 28.65M |
| Other Intangible Assets | 275.00K | 7.21M | 8.77M | |||
| Long-Term Deferred Tax Assets | 8.32M | 8.32M | 7.47M | 3.01M | 5.43M | 5.32M |
| Other Long-Term Assets | 61.31M | 56.32M | 49.45M | 156.16M | 44.23M | 38.86M |
| Total Assets | 298.18M | 292.25M | 301.12M | 386.85M | 385.75M | 445.40M |
| Accounts Payable | 26.96M | 23.73M | 27.12M | 19.89M | 30.66M | 32.83M |
| Accrued Expenses | 37.52M | 26.74M | 27.15M | 10.51M | 51.80M | 9.46M |
| Current Portion of Long-Term Debt | 647.00K | |||||
| Current Portion of Leases | 4.48M | 4.45M | 4.17M | 4.49M | 8.50M | 8.40M |
| Current Income Taxes Payable | 123.00K | 63.00K | 2.77M | |||
| Other Current Liabilities | 5.50M | 12.00M | 46.21M | 11.00M | 63.93M | |
| Total Current Liabilities | 69.08M | 60.48M | 73.20M | 81.75M | 101.95M | 114.62M |
| Long-Term Debt | 38.44M | 1.20M | 37.70M | |||
| Long-Term Leases | 17.92M | 19.01M | 21.75M | 21.97M | 56.59M | 63.11M |
| Long-Term Deferred Tax Liabilities | 746.00K | |||||
| Other Long-Term Liabilities | 3.84M | 4.20M | 4.39M | 33.72M | 2.63M | 3.08M |
| Total Liabilities | 90.84M | 83.69M | 99.34M | 176.62M | 162.38M | 218.52M |
| Common Stock | 18.00K | 18.00K | 18.00K | 18.00K | 18.00K | 18.00K |
| Additional Paid-In Capital | 180.64M | 179.08M | 177.97M | 176.48M | 171.22M | 168.13M |
| Retained Earnings | 25.00M | 27.84M | 22.34M | 32.34M | 51.12M | 57.36M |
| Total Common Equity | 205.65M | 206.94M | 200.33M | 208.84M | 222.36M | 225.51M |
| Minority Interest | 1.69M | 1.62M | 1.44M | 1.39M | 1.01M | 1.37M |
| Shareholders' Equity | 207.34M | 208.56M | 201.78M | 210.23M | 223.37M | 226.88M |
| Total Liabilities & Equity | 298.18M | 292.25M | 301.12M | 386.85M | 385.75M | 445.40M |
| Total Debt | 22.40M | 23.47M | 25.92M | 65.55M | 66.29M | 109.22M |
| Net Cash (Debt) | 25.27M | 37.69M | 31.11M | -63.46M | -64.23M | -107.33M |
| Net Cash Per Share | 1.41 | 2.11 | 1.74 | -3.55 | -3.62 | -6.09 |
| Filing Date Shares Outstanding | 17.87M | 17.87M | 17.84M | 17.80M | 17.73M | 17.68M |
| Total Common Shares Outstanding | 17.87M | 17.86M | 17.80M | 17.76M | 17.73M | 17.69M |
| Working Capital | 83.55M | 88.95M | 85.37M | 51.62M | 23.72M | 38.02M |
| Book Value Per Share | 11.51 | 11.59 | 11.25 | 11.76 | 12.54 | 12.75 |
| Tangible Book Value | 195.44M | 196.73M | 190.12M | 198.35M | 186.50M | 188.09M |
| Tangible Book Value Per Share | 10.93 | 11.02 | 10.68 | 11.17 | 10.52 | 10.64 |
| Land | 8.19M | 8.20M | 7.02M | 11.01M | 11.01M | |
| Buildings | 30.10M | 30.40M | 31.01M | 45.73M | 46.13M | |
| Machinery | 88.97M | 90.32M | 87.75M | 133.36M | 127.54M | |
| Construction In Progress | 1.07M | 133.00K | 2.90M | 8.31M | 5.80M | |
| Leasehold Improvements | 3.49M | 3.49M | 3.43M | 19.03M | 25.11M |
Cash flow statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 16.11M | 19.80M | -1.08M | -8.34M | -6.25M | -11.82M |
| Depreciation & Amortization | 7.29M | 7.48M | 10.60M | 17.28M | 16.59M | 17.57M |
| Other Amortization | 228.00K | 182.00K | 286.00K | |||
| Loss (Gain) From Sale of Assets | -117.00K | -80.00K | -160.00K | -176.00K | -30.00K | -386.00K |
| Asset Writedown & Restructuring Costs | 624.00K | 317.00K | 9.75M | |||
| Loss (Gain) From Sale of Investments | 8.61M | -3.86M | ||||
| Loss (Gain) on Equity Investments | 1.62M | 214.00K | 478.00K | 879.00K | 564.00K | 1.72M |
| Stock-Based Compensation | 2.66M | 1.16M | 2.16M | 5.21M | 3.14M | 3.95M |
| Other Operating Activities | 1.42M | 1.37M | -6.74M | 4.74M | -450.00K | -8.68M |
| Change in Accounts Receivable | 6.53M | 10.26M | -6.54M | -2.36M | 19.85M | -15.02M |
| Change in Inventory | -4.55M | 347.00K | -1.17M | -2.31M | -2.84M | -1.22M |
| Change in Accounts Payable | -2.80M | -7.25M | 6.97M | -15.13M | 10.53M | 15.08M |
| Change in Income Taxes | -5.35M | -4.06M | 2.94M | 3.62M | 8.13M | -933.00K |
| Change in Other Net Operating Assets | -5.74M | -7.88M | 7.58M | -18.50M | -7.92M | 7.42M |
| Operating Cash Flow | 17.31M | 21.54M | 24.42M | -14.47M | 50.23M | 13.57M |
| Capital Expenditures | -2.66M | -2.15M | -2.89M | -10.69M | -9.77M | -11.44M |
| Investment in Securities | 18.45M | |||||
| Other Investing Activities | 83.00M | 1.17M | ||||
| Investing Cash Flow | -2.66M | -2.15M | 80.11M | -10.69M | 8.68M | -9.36M |
| Long-Term Debt Issued | 85.25M | 260.98M | 267.44M | 334.85M | ||
| Total Debt Issued | -114.00K | 85.25M | 260.98M | 267.44M | 334.85M | |
| Long-Term Debt Repaid | -931.00K | -125.86M | -225.02M | -305.70M | -319.10M | |
| Total Debt Repaid | -844.00K | -931.00K | -125.86M | -225.02M | -305.70M | -319.10M |
| Net Debt Issued (Repaid) | -958.00K | -931.00K | -40.61M | 35.96M | -38.26M | 15.75M |
| Issuance of Common Stock | 48.00K | 47.00K | 47.00K | |||
| Repurchase of Common Stock | -219.00K | -48.00K | -668.00K | -96.00K | -864.00K | |
| Common Dividends Paid | -14.30M | -14.29M | -8.92M | -10.43M | -20.33M | -20.34M |
| Other Financing Activities | -148.00K | -693.00K | ||||
| Financing Cash Flow | -15.47M | -15.27M | -50.35M | 24.88M | -58.63M | -5.41M |
| Net Cash Flow | -820.00K | 4.12M | 54.18M | -282.00K | 279.00K | -1.20M |
| Free Cash Flow | 14.65M | 19.39M | 21.53M | -25.16M | 40.46M | 2.13M |
| Free Cash Flow Margin | 2.38% | 2.99% | 3.25% | -4.23% | 5.26% | 0.20% |
| Free Cash Flow Per Share | 0.82 | 1.08 | 1.21 | -1.41 | 2.28 | 0.12 |
| Levered Free Cash Flow | 21.58M | 18.68M | 41.59M | -3.13M | 29.31M | 20.36M |
| Unlevered Free Cash Flow | 21.82M | 19.01M | 43.11M | -1.65M | 30.33M | 20.86M |
| Cash Interest Paid | 827.00K | 827.00K | 2.64M | 2.49M | 1.48M | 687.00K |
| Cash Income Tax Paid | 7.88M | 7.88M | 2.29M | 1.49M | 2.60M | 3.05M |
| Change in Working Capital | -11.91M | -8.58M | 9.78M | -34.68M | 27.75M | 5.32M |
Ratios
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 396.52M | 473.17M | 450.07M | 613.34M | 710.87M | |
| Enterprise Value | 358.55M | 534.11M | 551.36M | 703.82M | 816.62M | |
| Last Close Price | 21.68 | 25.13 | 23.51 | 31.49 | 35.59 | |
| PE Ratio | 20.03 | |||||
| Forward PE | 12.34 | 16.48 | 16.33 | 21.21 | 45.86 | |
| PS Ratio | 0.61 | 0.71 | 0.76 | 0.80 | 0.67 | |
| PB Ratio | 1.90 | 2.35 | 2.14 | 2.75 | 3.13 | |
| P/TBV Ratio | 2.02 | 2.49 | 2.27 | 3.29 | 3.78 | |
| P/FCF Ratio | 20.45 | 21.98 | 15.16 | 333.12 | ||
| P/OCF Ratio | 18.41 | 19.38 | 12.21 | 52.38 | ||
| PEG Ratio | 1.73 | 1.73 | 1.73 | 1.73 | 1.73 | |
| EV/Sales Ratio | 0.55 | 0.81 | 0.93 | 0.91 | 0.77 | |
| EV/EBITDA Ratio | 13.23 | 18.86 | 15.76 | 26.89 | 41.00 | |
| EV/EBIT Ratio | 18.28 | 30.14 | 31.14 | 73.41 | 348.24 | |
| EV/FCF Ratio | 18.49 | 24.81 | 17.39 | 382.67 | ||
| Debt / Equity Ratio | 0.11 | 0.11 | 0.13 | 0.31 | 0.30 | 0.48 |
| Debt / EBITDA Ratio | 0.73 | 0.74 | 0.77 | 1.64 | 1.77 | 3.45 |
| Debt / FCF Ratio | 1.53 | 1.21 | 1.20 | 1.64 | 51.18 | |
| Net Debt / Equity Ratio | -0.12 | -0.18 | -0.15 | 0.30 | 0.29 | 0.47 |
| Net Debt / EBITDA Ratio | -0.96 | -1.39 | -1.10 | 1.81 | 2.45 | 5.39 |
| Net Debt / FCF Ratio | -1.73 | -1.94 | -1.45 | -2.52 | 1.59 | 50.30 |
| Asset Turnover | 2.06 | 2.19 | 1.92 | 1.54 | 1.85 | 2.41 |
| Inventory Turnover | 14.25 | 17.26 | 18.07 | 15.10 | 17.97 | 24.19 |
| Quick Ratio | 1.31 | 1.62 | 1.42 | 0.53 | 0.65 | 0.82 |
| Current Ratio | 2.21 | 2.47 | 2.17 | 1.63 | 1.23 | 1.33 |
| Return on Equity (ROE) | 7.97% | 9.73% | 3.32% | 2.33% | -3.04% | -4.94% |
| Return on Assets (ROA) | 4.00% | 4.13% | 3.22% | 2.86% | 1.44% | 0.34% |
| Return on Invested Capital (ROIC) | 8.76% | 9.32% | 5.96% | 2.85% | 3.08% | 0.69% |
| Return on Capital Employed (ROCE) | 8.30% | 8.50% | 7.80% | 5.80% | 3.40% | 0.70% |
| Earnings Yield | 4.99% | -0.23% | -1.85% | -1.02% | -1.66% | |
| FCF Yield | 4.89% | 4.55% | -5.59% | 6.60% | 0.30% | |
| Dividend Yield | 3.07% | 3.69% | 1.99% | 2.50% | 3.23% | |
| Payout Ratio | 111.11% | 72.18% | ||||
| Buyback Yield / Dilution | -0.04% | -0.19% | -0.05% | -0.61% | -0.70% | -0.33% |
| Total Shareholder Return | 3.03% | 3.50% | 1.94% | 1.88% | -0.70% | 2.91% |