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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 | -9.9% | -16.6% | -307.1% |
| 2024 | $192M | $21M | $8M | $8M | 4.3% | 6.4% | -17.9% |
| 2023 | $180M | $22M | $9M | $-26M | 5.3% | -2.5% | -4083.1% |
| 2022 | $185M | $12M | $-0M | $5M | -0.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 184.60 | 179.90 | 191.50 | 159.72 |
| Operating Revenue | - | 179.28 | 174.38 | 185.92 | 153.68 |
| 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 | 26.46 | 27.46 | 24.48 |
| Selling General And Administration | - | 21.82 | 26.46 | 27.46 | 24.48 |
| Total Expenses | - | 186.90 | 200.24 | 197.54 | 183.76 |
| Operating Income | - | -2.30 | -20.34 | -6.04 | -24.04 |
| Total Operating Income As Reported | - | 2.20 | 10.78 | -6.18 | -20.40 |
| EBITDA | - | 12.44 | 22.43 | 20.88 | -10.24 |
| Normalized EBITDA | - | 7.94 | -8.68 | 21.02 | -13.88 |
| EBIT | - | 2.64 | 13.86 | 12.51 | -19.45 |
| Interest Income | - | 0.05 | 0.36 | 0.12 | 0.06 |
| Interest Expense | - | 2.29 | 0.49 | 0.96 | 1.55 |
| Net Interest Income | - | -2.24 | -0.13 | -0.84 | -1.49 |
| Other Non Operating Income Expenses | - | -0.96 | -2.61 | 0.21 | 0.09 |
| Other Income Expense | - | 4.89 | 33.83 | 18.43 | 4.53 |
| Interest Income Non Operating | - | 0.05 | 0.36 | 0.12 | 0.06 |
| Interest Expense Non Operating | - | 2.29 | 0.49 | 0.96 | 1.55 |
| Net Non Operating Interest Income Expense | - | -2.24 | -0.13 | -0.84 | -1.49 |
| Pretax Income | - | 0.35 | 13.36 | 11.55 | -21 |
| Tax Provision | - | 0.82 | 4.25 | 4.37 | -4.65 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.94 | 9.89 | -0.05 | 0.80 |
| Net Income Continuous Operations | - | -0.47 | 9.12 | 7.17 | -16.36 |
| Net Income From Continuing And Discontinued Operation | - | -0.24 | 9.40 | 7.72 | -15.98 |
| Net Income From Continuing Operation Net Minority Interest | - | -0.24 | 9.40 | 7.72 | -15.98 |
| Net Income | - | -0.24 | 9.40 | 7.72 | -15.98 |
| Net Income Common Stockholders | - | -0.79 | 8.75 | 7.10 | -16.55 |
| Net Income Including Noncontrolling Interests | - | -0.47 | 9.12 | 7.17 | -16.36 |
| Normalized Income | - | -3.79 | -11.83 | 7.80 | -18.81 |
| Diluted NI Availto Com Stockholders | - | -0.79 | 8.75 | 7.10 | -16.55 |
| Basic Average Shares | - | 17.51 | 17.60 | 17.72 | 17.83 |
| Diluted Average Shares | - | 17.51 | 17.60 | 17.72 | 17.83 |
| Reconciled Depreciation | - | 9.80 | 8.58 | 8.37 | 9.21 |
| Reconciled Cost Of Revenue | - | 165.09 | 173.78 | 170.08 | 159.29 |
| Total Unusual Items | - | 4.50 | 31.12 | -0.14 | 3.63 |
| Total Unusual Items Excluding Goodwill | - | 4.50 | 31.12 | -0.14 | 3.63 |
| Preferred Stock Dividends | - | 0.50 | 0.50 | 0.50 | 0.50 |
| Minority Interests | - | 0.24 | 0.28 | 0.54 | 0.38 |
| Special Income Charges | - | 4.50 | 31.12 | -0.14 | 0.78 |
| Other Special Charges | - | - | -2.27 | - | - |
| Impairment Of Capital Assets | - | 0 | 0 | 0.64 | 0 |
| Gain On Sale Of Security | - | - | - | - | 2.85 |
| Gain On Sale Of Ppe | - | 4.50 | 28.85 | 0.51 | 0.78 |
| Otherunder Preferred Stock Dividend | - | 0.05 | 0.15 | 0.12 | 0.06 |
| Earnings From Equity Interest | - | 1.34 | 5.32 | 18.36 | 0.80 |
| Average Dilution Earnings | 0 | 0 | 0 | 0 | - |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Limoneira Companythis co. | LMNR | $215M | -13.45 | 1.34 | -9.9% | -28.00 |
| Alico, Inc. | ALCO | $300M | -2.03 | 2.91 | -143.0% | -78.12 |
| Franklin Covey Co. | FC | $270M | 87.92 | 4.03 | 4.6% | 15.21 |
| Forafric Global PLC | AFRI | $268M | -18.02 | -30.88 | 171.4% | 40.65 |
| Nu Skin Enterprises, Inc. | NUS | $258M | 1.61 |
| - |
| - |
| - |
| - |
| - |
| 0.32 |
| 19.9% |
| 1.24 |
| Waldencast plc | WALD | $224M | - | 0.35 | -49.7% | - |
| Acme United Corporation | ACU | $168M | 16.52 | 1.43 | 8.7% | 9.20 |
| BRC Inc. | BRCC | $150M | -12.57 | 3.28 | -26.1% | -16.73 |
| LifeVantage Corporation | LFVN | $117M | 11.98 | 3.39 | 28.3% | 7.09 |
| Peer Median | - | 1.61 | 2.17 | 6.6% | 7.09 | |