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Calavo Growers, Inc. engages in the sourcing, packing, and distribution of fresh avocados, tomatoes, and papayas, as well as the processing of guacamole and other avocado products for retail grocers, club and mass-merchandise stores, foodservice operators, and wholesalers worldwide. It operates through Fresh and Prepared segments. The company provides avocados, tomatoes, and papayas, along with guacamole and avocado pulp. It offers its products under the Calavo brand, as well as the Avo Fresco, Bueno, Calavo Gold, Celebrate the Taste, El Dorado, Taste of Paradise, The First Name in Avocados, The Family of Fresh, ProRipeVIP, and RIPE NOW! trademarks. Calavo Growers, Inc. was founded in 1924 and is headquartered in Santa Paula, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $648M | $33M | $20M | $19M | 9.6% | -2.0% | -1939.8% |
| 2024 | $662M | $23M | $-1M | $22M | -0.5% | 11.4% | -87.1% |
| 2023 | $594M | $32M | $-8M | $-25M | -4.0% | -22.8% | 33.5% |
| 2022 | $770M | $15M | $-6M | $40M | -2.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 769.69 | 594.10 | 661.54 | 648.43 |
| Operating Revenue | - | 769.69 | 594.10 | 661.54 | 648.43 |
| Cost Of Revenue | - | 714.95 | 531.49 | 593.74 | 584.77 |
| Gross Profit | - | 54.74 | 62.61 | 67.80 | 63.66 |
| Operating Expense | - | 47.96 | 50.40 | 51.08 | 44.05 |
| Selling General And Administration | - | 46.54 | 47.28 | 50.04 | 42.09 |
| Total Expenses | - | 762.90 | 581.89 | 644.82 | 628.82 |
| Operating Income | - | 6.79 | 12.21 | 16.72 | 19.61 |
| Total Operating Income As Reported | - | 6.79 | 12.21 | 16.72 | 19.61 |
| EBITDA | - | 15.10 | 31.73 | 23.15 | 33.14 |
| Normalized EBITDA | - | 24.68 | 30.36 | 28.99 | 31.34 |
| EBIT | - | -1.49 | 14.45 | 12.54 | 25.66 |
| Interest Income | - | 0.50 | 0.60 | 1.02 | 3.24 |
| Interest Expense | - | 1.63 | 2.37 | 2.89 | 0.83 |
| Net Interest Income | - | -1.13 | -1.77 | -1.87 | 2.41 |
| Other Non Operating Income Expenses | - | 0.80 | 0.26 | 0.64 | 1 |
| Other Income Expense | - | -8.78 | 1.64 | -5.20 | 2.81 |
| Interest Income Non Operating | - | 0.50 | 0.60 | 1.02 | 3.24 |
| Interest Expense Non Operating | - | 1.63 | 2.37 | 2.89 | 0.83 |
| Net Non Operating Interest Income Expense | - | -1.13 | -1.77 | -1.87 | 2.41 |
| Pretax Income | - | -3.12 | 12.08 | 9.65 | 24.83 |
| Tax Provision | - | 3.16 | 6.15 | 2.33 | 4.65 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.01 | 0.29 | -1.46 | 0.34 |
| Net Income Continuous Operations | - | -6.85 | 5.05 | 6.85 | 19.97 |
| Net Income From Continuing And Discontinued Operation | - | -6.25 | -8.34 | -1.08 | 19.80 |
| Net Income From Continuing Operation Net Minority Interest | - | -6.50 | 4.68 | 6.80 | 19.80 |
| Net Income | - | -6.25 | -8.34 | -1.08 | 19.80 |
| Net Income Common Stockholders | - | -6.25 | -8.34 | -1.08 | 19.80 |
| Net Income Including Noncontrolling Interests | - | -6.60 | -7.97 | -1.02 | 19.97 |
| Normalized Income | - | 1.07 | 3.59 | 11.18 | 18.34 |
| Diluted NI Availto Com Stockholders | - | -6.25 | -8.34 | -1.08 | 19.80 |
| Basic Average Shares | - | 17.66 | 17.75 | 17.80 | 17.84 |
| Diluted Average Shares | - | 17.66 | 17.75 | 17.86 | 17.90 |
| Reconciled Depreciation | - | 16.59 | 17.28 | 10.60 | 7.48 |
| Reconciled Cost Of Revenue | - | 714.95 | 531.49 | 593.74 | 584.77 |
| Total Unusual Items | - | -9.58 | 1.38 | -5.84 | 1.80 |
| Total Unusual Items Excluding Goodwill | - | -9.58 | 1.38 | -5.84 | 1.80 |
| Minority Interests | - | 0.35 | -0.38 | -0.05 | -0.17 |
| Net Income Discontinuous Operations | - | 0.25 | -13.02 | -7.87 | 0 |
| Earnings From Equity Interest Net Of Tax | - | -0.56 | -0.88 | -0.48 | -0.21 |
| Special Income Charges | -9.16 | -0.74 | 0 | - | - |
| Gain On Sale Of Business | 0.22 | 0.22 | - | - | - |
| Impairment Of Capital Assets | 9.16 | 0.96 | 0 | - | - |
| Restructuring And Mergern Acquisition | 9.16 | - | - | - | - |
| Gain On Sale Of Security | - | -9.58 | 1.38 | -5.84 | 1.80 |
| Other Operating Expenses | -6.13 | - | - | - | - |
| Provision For Doubtful Accounts | -6.13 | 0 | 0 | - | - |
| Other Taxes | - | 1.42 | 3.13 | 1.04 | 1.96 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Calavo Growers, Inc.this co. | CVGW | $466M | 23.56↑ premium | 2.25 | 9.6% | 12.93 |
| Village Super Market, Inc. | VLGEA | $573M | 11.36 | 1.28 | 11.3% | 7.37 |
| Krispy Kreme, Inc. | DNUT | $564M | - | 0.87 | -80.0% | - |
| KinderCare Learning Companies, Inc. | KLC | $480M | -4.25 | 0.64 | -14.9% | 25.06 |
| Vital Farms, Inc. | VITL | $421M |
| - |
| - |
| - |
| - |
| - |
| 6.35 |
| 1.20 |
| 18.9% |
| 3.99 |
| Magnera Corporation | MAGN | $408M | -5.16 | 1.59 | -30.8% | 21.50 |
| Beyond Meat, Inc. | BYND | $405M | 2.28 | -406.28 | -17854.8% | 2.67 |
| The Honest Company, Inc. | HNST | $362M | -23.09 | 2.13 | -9.2% | -60.30 |
| Lifeway Foods, Inc. | LWAY | $356M | 25.66 | 4.14 | 16.1% | 14.76 |
| Peer Median | - | 2.28 | 1.24 | -12.1% | 7.37 | |