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% | - |
| 2024 | $724M | $53M | $-17M | $18M | -11.7% | 15.5% | - |
| 2023 | $627M | $34M | $-179M | $-31M | -114.4% | 6.0% | - |
| 2022 | $591M | $38M | $-6M | $-65M | -2.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 591.39 | 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 |
| Operating Income | 17.89 | 5.56 | 15.11 | 42.94 |
| EBITDA | 38.12 | 33.55 | 52.80 | 79.07 |
| EBIT | 15.07 | 2.51 | 16.30 | 39.54 |
| Pretax Income | 3.19 | -21.91 | -10 | 16.46 |
| Tax Provision | 0.90 | 3.27 | 1.47 | 0.69 |
| Net Income | -6.43 | -178.79 | -17.39 | 15.77 |
| Net Income Common Stockholders | -9.54 | -180.77 | -17.93 | 15.59 |
| Total Expenses | 573.51 | 621.17 | 708.61 | 774.78 |
| Interest Expense | 11.89 | 24.42 | 26.31 | 23.08 |
| Interest Income | 0.33 | 0.49 | 2.31 | 3.13 |
| Selling General And Administration | 78.47 | 78.65 | 79.41 | 70.99 |
| Normalized EBITDA | 38.01 | 35.24 | 54.16 | 79.02 |
| Normalized Income | 2.21 | -23.84 | -10.40 | 15.72 |
| Basic EPS | -0.07 | -1.55 | -0.15 | 0 |
| Diluted EPS | -0.07 | -1.55 | -0.15 | 0 |
| Tax Effect Of Unusual Items | 0.03 | -0.36 | -0.28 | 0 |
| Tax Rate For Calcs | 0.28 | 0.21 | 0.21 | 0.04 |
| Total Unusual Items | 0.11 | -1.69 | -1.36 | 0.05 |
| Total Unusual Items Excluding Goodwill | 0.11 | -1.69 | -1.36 | 0.05 |
| Net Income From Continuing Operation Net Minority Interest | 2.29 | -25.18 | -11.47 | 15.77 |
| Reconciled Depreciation | 23.05 | 31.04 | 36.50 | 39.53 |
| Reconciled Cost Of Revenue | 471.99 | 511.48 | 592.71 | 664.26 |
| Net Interest Income | -13.16 | -25.32 | -24.91 | -21.08 |
| Net Income From Continuing And Discontinued Operation | -6.43 | -178.79 | -17.39 | 15.77 |
| Total Operating Income As Reported | 16.34 | 5 | 15.59 | 39.69 |
| Diluted Average Shares | 107.66 | 114.23 | 116.62 | 0 |
| Basic Average Shares | 107.66 | 114.23 | 116.62 | 0 |
| Diluted NI Availto Com Stockholders | -9.54 | -180.77 | -17.93 | 15.59 |
| Preferred Stock Dividends | 3.11 | 1.98 | 0.54 | 0.17 |
| Net Income Including Noncontrolling Interests | -6.43 | -178.79 | -17.39 | 15.77 |
| Net Income Discontinuous Operations | -8.72 | -153.61 | -5.92 | 0 |
| Net Income Continuous Operations | 2.29 | -25.18 | -11.47 | 15.77 |
| Other Income Expense | -1.54 | -2.15 | -0.21 | -5.40 |
| Other Non Operating Income Expenses | -1.65 | -0.46 | 1.15 | -5.45 |
| Special Income Charges | 0 | -1.58 | 0 | 0 |
| Gain On Sale Of Business | -19.45 | 0 | 0 | 0 |
| Other Special Charges | 0 | 1.58 | 0 | 0 |
| Impairment Of Capital Assets | 1.81 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | 0.11 | -0.11 | -1.36 | 0.05 |
| Net Non Operating Interest Income Expense | -13.16 | -25.32 | -24.91 | -21.08 |
| Total Other Finance Cost | 1.60 | 1.40 | 0.91 | 1.13 |
| Interest Expense Non Operating | 11.89 | 24.42 | 26.31 | 23.08 |
| Interest Income Non Operating | 0.33 | 0.49 | 2.31 | 3.13 |
| 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 |
| Amortization | 1.78 | 1.78 | 1.78 | 2.02 |
| Amortization Of Intangibles Income Statement | 1.78 | 1.78 | 1.78 | 2.02 |
| Operating Revenue | 591.39 | 626.73 | 723.73 | 817.72 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SunOpta Inc.this co. | STKL | $769M | 49.85β premium | 4.49 | 9.2% | 13.09 |
| Mission Produce, Inc. | AVO | $974M | 29.89 | 1.66 | 6.1% | 11.51 |
| John B. Sanfilippo & Son, Inc. | JBSS | $952M | 16.20 | 2.65 | 16.3% | 9.32 |
| Seneca Foods Corporation | SENEA | $927M | 10.38 | 1.29 | 6.5% | 6.69 |
| Udemy, Inc. | UDMY | $709M | 162.00 |
| 3.41 |
| 1.8% |
| 62.74 |
| Utz Brands, Inc. | UTZ | $685M | 775.00 | 0.95 | 0.1% | 24.01 |
| Natural Grocers by Vitamin Cottage, Inc. | NGVC | $640M | 13.48 | 2.91 | 21.9% | 9.70 |
| Krispy Kreme, Inc. | DNUT | $629M | - | 0.96 | -79.0% | 26.58 |
| Village Super Market, Inc. | VLGEA | $625M | 11.08 | 1.21 | - | 7.17 |
| Peer Median | - | 16.20 | 1.47 | 6.1% | 10.60 | |