SunOpta Inc. engages in the manufacture and sale of plant and fruit-based food and beverage products in the United States, Canada, and internationally. The company offers plant-based beverage products, including oat, almond, soy, coconut, rice, hemp, and other nut, grain, seed, and legume based beverages under the Dream and West Life brands names; oat-based creamers under the SOWN brand name; ready-to-drink protein shakes; packaged teas and concentrates; meat and vegetable broths and stocks; and nut, grain, seed, and legume-based beverages. It also provides plant-based ingredients, such as oatbase and soybase; fruit based snacks, including fruit bars, bits, twists, strips, pressed bars, and strips; conventional and organic broth and stock; liquid packaged and bulk tea concentrate; and liquid ingredients for internal use and for sale to other food and beverage manufacturers. It sells its products through various distribution channels, including foodservice operators, grocery retailers and club stores, branded food companies, and food manufacturers, as well as e-commerce channels. The company was formerly known as Stake Technology Ltd. and changed its name to SunOpta Inc. in October 2003. SunOpta Inc. was incorporated in 1973 and is headquartered in Eden Prairie, Minnesota.
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 | $818M | $79M | $16M | $19M | 9.2% | 13.0% | -190.7% |
| 2024 | $724M | $53M | $-17M | $18M | -11.7% | 15.5% | -90.3% |
| 2023 | $627M | $34M | $-179M | $-31M | -114.4% | 6.0% | 2679.2% |
| 2022 | $591M | $38M | $-6M | $-65M | -2.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 591.40 | 626.73 | 723.73 | 817.72 |
| Operating Revenue | - | 591.40 | 626.73 | 723.73 | 817.72 |
| Cost Of Revenue | - | 493.26 | 540.73 | 627.42 | 701.77 |
| Gross Profit | - | 98.14 | 86 | 96.30 | 115.95 |
| Operating Expense | - | 80.25 | 80.44 | 81.19 | 73.01 |
| Selling General And Administration | - | 78.47 | 78.65 | 79.41 | 70.99 |
| Total Expenses | - | 573.51 | 621.17 | 708.61 | 774.78 |
| Operating Income | - | 17.89 | 5.56 | 15.11 | 42.94 |
| Total Operating Income As Reported | - | 16.34 | 5 | 15.59 | 39.69 |
| EBITDA | - | 38.12 | 33.55 | 52.80 | 79.07 |
| Normalized EBITDA | - | 38.01 | 35.24 | 54.16 | 79.02 |
| EBIT | - | 15.07 | 2.51 | 16.30 | 39.54 |
| Interest Income | - | 0.33 | 0.50 | 2.31 | 3.13 |
| Interest Expense | - | 11.89 | 24.42 | 26.31 | 23.08 |
| Net Interest Income | - | -13.16 | -25.32 | -24.91 | -21.08 |
| Other Non Operating Income Expenses | - | -1.65 | -0.46 | 1.15 | -5.45 |
| Other Income Expense | - | -1.54 | -2.15 | -0.21 | -5.40 |
| Interest Income Non Operating | - | 0.33 | 0.50 | 2.31 | 3.13 |
| Interest Expense Non Operating | - | 11.89 | 24.42 | 26.31 | 23.08 |
| Net Non Operating Interest Income Expense | - | -13.16 | -25.32 | -24.91 | -21.08 |
| Pretax Income | - | 3.18 | -21.91 | -10 | 16.46 |
| Tax Provision | - | 0.90 | 3.27 | 1.47 | 0.69 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.03 | -0.36 | -0.28 | 0 |
| Net Income Continuous Operations | - | 2.29 | -25.18 | -11.47 | 15.77 |
| Net Income From Continuing And Discontinued Operation | - | -6.43 | -178.79 | -17.39 | 15.77 |
| Net Income From Continuing Operation Net Minority Interest | - | 2.29 | -25.18 | -11.47 | 15.77 |
| Net Income | - | -6.43 | -178.79 | -17.39 | 15.77 |
| Net Income Common Stockholders | - | -9.54 | -180.77 | -17.93 | 15.59 |
| Net Income Including Noncontrolling Interests | - | -6.43 | -178.79 | -17.39 | 15.77 |
| Normalized Income | - | 2.21 | -23.84 | -10.40 | 15.72 |
| Diluted NI Availto Com Stockholders | - | -9.54 | -180.77 | -17.93 | 15.59 |
| Basic Average Shares | 104.10 | 107.66 | 114.23 | 116.62 | - |
| Diluted Average Shares | 104.10 | 107.66 | 114.23 | 116.62 | - |
| Reconciled Depreciation | - | 23.05 | 31.04 | 36.50 | 39.53 |
| Reconciled Cost Of Revenue | - | 471.99 | 511.48 | 592.71 | 664.26 |
| Total Unusual Items | - | 0.11 | -1.69 | -1.36 | 0.05 |
| Total Unusual Items Excluding Goodwill | - | 0.11 | -1.69 | -1.36 | 0.05 |
| Preferred Stock Dividends | - | 3.11 | 1.98 | 0.54 | 0.18 |
| Net Income Discontinuous Operations | - | -8.72 | -153.61 | -5.92 | 0 |
| Special Income Charges | - | 0 | -1.58 | 0 | 0 |
| Gain On Sale Of Business | -0.70 | -19.45 | - | - | - |
| Other Special Charges | 0.16 | - | 1.58 | - | - |
| Impairment Of Capital Assets | 6.30 | 1.81 | - | - | - |
| Restructuring And Mergern Acquisition | 1.63 | 0 | - | - | - |
| Gain On Sale Of Security | - | 0.11 | -0.11 | -1.36 | 0.05 |
| Depreciation Amortization Depletion Income Statement | - | 1.78 | 1.78 | 1.78 | 2.02 |
| Depreciation And Amortization In Income Statement | - | 1.78 | 1.78 | 1.78 | 2.02 |
| Total Other Finance Cost | - | 1.60 | 1.40 | 0.91 | 1.13 |
| Amortization | - | 1.78 | 1.78 | 1.78 | 2.02 |
| Amortization Of Intangibles Income Statement | - | 1.78 | 1.78 | 1.78 | 2.02 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SunOpta Inc.this co. | STKL | $771M | 48.89β premium | 4.51 | 9.2% | 14.45 |
| Mission Produce, Inc. | AVO | $939M | 24.90 | 1.60 | 6.4% | 10.15 |
| Edgewell Personal Care Company | EPC | $911M | 35.85 | 0.59 | 1.6% | 11.30 |
| John B. Sanfilippo & Son, Inc. | JBSS | $886M | 15.04 | 2.46 | 16.3% | 8.71 |
| Grocery Outlet Holding Corp. | GO | $837M |
| - |
| - |
| - |
| - |
| -3.72 |
| 0.85 |
| -22.9% |
| -29.51 |
| Westrock Coffee Company | WEST | $733M | -8.10 | -392.22 | 4841.8% | 87.41 |
| Udemy, Inc. | UDMY | $677M | 177.90 | 3.22 | 1.8% | 13.24 |
| Natural Grocers by Vitamin Cottage, Inc. | NGVC | $670M | 14.44 | 3.16 | 21.9% | 10.50 |
| Mama's Creations, Inc. | MAMA | $622M | 117.59 | 11.81 | 10.0% | 50.45 |
| Peer Median | - | 19.97 | 2.03 | 8.2% | 10.90 | |