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Limoneira Company operates as an agribusiness company in the United States and internationally. The company operates through four segments: Fresh Lemons, Lemon Packing, Avocados, and Other Agribusiness. It produces, processes, harvests, and packs oranges, specialty citrus, and wine grapes. The company also rents residential housing units and commercial office buildings, as well as leases land to third-party agricultural tenants. In addition, it is involved in the organic recycling operations; provision of farm management services; and development of land parcels, multi-family housing, and single-family homes. The company markets and sells its lemons directly to food service, wholesale, and retail customers; avocados, oranges, specialty citrus, and other crops to third-party packing houses; and wine grapes to wine producers. Limoneira Company was founded in 1893 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 | $160M | $-10M | $-16M | $-20M | -8.4% | -16.6% | -307.1% |
| 2024 | $192M | $21M | $8M | $8M | 3.8% | 6.4% | -17.9% |
| 2023 | $180M | $22M | $9M | $-26M | 4.7% | -2.5% | - |
| 2022 | $185M | $12M | $-0M | $5M | -0.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 184.60 | 179.90 | 191.50 | 159.72 |
| Cost Of Revenue | 165.09 | 173.78 | 170.08 | 159.29 |
| Gross Profit | 19.52 | 6.12 | 21.42 | 0.44 |
| Operating Expense | 21.82 | 26.45 | 27.46 | 24.48 |
| Operating Income | -2.30 | -20.34 | -6.04 | -24.04 |
| EBITDA | 12.44 | 22.43 | 20.88 | -10.24 |
| EBIT | 2.64 | 13.86 | 12.51 | -19.45 |
| Pretax Income | 0.35 | 13.36 | 11.55 | -21 |
| Tax Provision | 0.82 | 4.25 | 4.37 | -4.65 |
| Net Income | -0.24 | 9.40 | 7.72 | -15.98 |
| Net Income Common Stockholders | -0.79 | 8.75 | 7.10 | -16.55 |
| Total Expenses | 186.90 | 200.24 | 197.54 | 183.76 |
| Interest Expense | 2.29 | 0.49 | 0.96 | 1.55 |
| Interest Income | 0.05 | 0.36 | 0.12 | 0.06 |
| Selling General And Administration | 21.82 | 26.45 | 27.46 | 24.48 |
| Normalized EBITDA | 7.94 | -8.68 | 21.02 | -13.88 |
| Normalized Income | -3.79 | -11.83 | 7.80 | -18.81 |
| Basic EPS | -0.04 | 0.50 | 0.40 | -0.93 |
| Diluted EPS | -0.04 | 0.50 | 0.40 | -0.93 |
| Tax Effect Of Unusual Items | 0.94 | 9.89 | -0.05 | 0.80 |
| Tax Rate For Calcs | 0.21 | 0.32 | 0.38 | 0.22 |
| Total Unusual Items | 4.50 | 31.12 | -0.14 | 3.63 |
| Total Unusual Items Excluding Goodwill | 4.50 | 31.12 | -0.14 | 3.63 |
| Net Income From Continuing Operation Net Minority Interest | -0.24 | 9.40 | 7.72 | -15.98 |
| Reconciled Depreciation | 9.80 | 8.58 | 8.37 | 9.21 |
| Reconciled Cost Of Revenue | 165.09 | 173.78 | 170.08 | 159.29 |
| Net Interest Income | -2.24 | -0.13 | -0.84 | -1.49 |
| Net Income From Continuing And Discontinued Operation | -0.24 | 9.40 | 7.72 | -15.98 |
| Total Operating Income As Reported | 2.20 | 10.78 | -6.18 | -20.41 |
| Diluted Average Shares | 17.51 | 17.60 | 17.71 | 17.83 |
| Basic Average Shares | 17.51 | 17.60 | 17.71 | 17.83 |
| Diluted NI Availto Com Stockholders | -0.79 | 8.75 | 7.10 | -16.55 |
| Average Dilution Earnings | 0 | 0 | 0 | 0 |
| Otherunder Preferred Stock Dividend | 0.05 | 0.15 | 0.12 | 0.07 |
| Preferred Stock Dividends | 0.50 | 0.50 | 0.50 | 0.50 |
| Minority Interests | 0.24 | 0.28 | 0.54 | 0.38 |
| Net Income Including Noncontrolling Interests | -0.47 | 9.12 | 7.17 | -16.36 |
| Net Income Continuous Operations | -0.47 | 9.12 | 7.17 | -16.36 |
| Other Income Expense | 4.89 | 33.83 | 18.43 | 4.53 |
| Other Non Operating Income Expenses | -0.95 | -2.61 | 0.21 | 0.09 |
| Special Income Charges | 4.50 | 31.12 | -0.14 | 0.78 |
| Gain On Sale Of Ppe | 4.50 | 28.85 | 0.51 | 0.78 |
| Other Special Charges | 0 | -2.27 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0.64 | 0 |
| Earnings From Equity Interest | 1.34 | 5.32 | 18.36 | 0.80 |
| Gain On Sale Of Security | 0 | 0 | 0 | 2.85 |
| Net Non Operating Interest Income Expense | -2.24 | -0.13 | -0.84 | -1.49 |
| Interest Expense Non Operating | 2.29 | 0.49 | 0.96 | 1.55 |
| Interest Income Non Operating | 0.05 | 0.36 | 0.12 | 0.06 |
| Operating Revenue | 179.28 | 174.38 | 185.92 | 153.69 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Limoneira Companythis co. | LMNR | $230M | - | 1.53 | -8.4% | -19.60 |
| Nu Skin Enterprises, Inc. | NUS | $351M | 2.25 | 0.43 | 19.9% | 2.87 |
| European Wax Center, Inc. | EWCZ | $318M | 29.00 | 3.20 | 8.3% | 8.80 |
| Alico, Inc. | ALCO | $315M | - | 3.16 | -136.4% | -23.96 |
| Forafric Global PLC | AFRI | $271M | - |
| -59.35 |
| -457.6% |
| 150.62 |
| Franklin Covey Co. | FC | $244M | - | 6.36 | 4.6% | 12.32 |
| Acme United Corporation | ACU | $157M | 17.72 | 1.33 | 8.7% | 9.85 |
| BRC Inc. | BRCC | $128M | - | 2.77 | -17.5% | -18.14 |
| SkinHealth Systems Inc. | SKIN | $104M | - | 1.68 | -15.6% | 55.16 |
| Peer Median | - | 17.72 | 2.22 | -5.5% | 9.32 | |