This page shows Calavo Growers (CVGW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Calavo Growers has an operating margin of 3.0%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 15/100, suggesting thin profitability after operating expenses. This is up from 2.5% the prior year.
Calavo Growers's revenue declined 2% year-over-year, from $661.5M to $648.4M. This contraction results in a growth score of 23/100.
Calavo Growers carries a low D/E ratio of 0.41, meaning only $0.41 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.47, Calavo Growers holds $2.47 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.
Calavo Growers's free cash flow margin of 3.0% results in a low score of 15/100. Capital expenditures of $2.2M absorb a large share of operating cash flow.
Calavo Growers's ROE of 9.6% shows moderate profitability relative to equity, earning a score of 38/100.
Calavo Growers scores 6.27, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($473.8M) relative to total liabilities ($85.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Calavo Growers passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Calavo Growers generates $1.09 in operating cash flow ($21.5M OCF vs $19.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Calavo Growers earns $23.7 in operating income for every $1 of interest expense ($19.6M vs $827K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Calavo Growers generated $648.4M in revenue in fiscal year 2025. This represents a decrease of 2.0% from the prior year.
Calavo Growers's EBITDA was $27.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.8% from the prior year.
Calavo Growers generated $19.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 9.9% from the prior year.
Calavo Growers reported $19.8M in net income in fiscal year 2025. This represents an increase of 1939.8% from the prior year.
Calavo Growers earned $1.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1950.0% from the prior year.
Calavo Growers held $61.2M in cash against $0 in long-term debt as of fiscal year 2025.
Calavo Growers had 18M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.
Calavo Growers's gross margin was 9.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Calavo Growers's operating margin was 3.0% in fiscal year 2025, reflecting core business profitability. This is up 0.5 percentage points from the prior year.
Calavo Growers's net profit margin was 3.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.2 percentage points from the prior year.
Calavo Growers's ROE was 9.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Calavo Growers invested $2.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 25.6% from the prior year.
CVGW Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $178.8M-6.2% | $190.5M+23.4% | $154.4M-14.0% | $179.6M-2.6% | $184.4M+44.5% | $127.6M-20.7% | $160.9M+1.6% | $158.3M |
| Cost of Revenue | $160.6M-6.9% | $172.5M+24.4% | $138.7M-13.1% | $159.5M-2.7% | $163.8M+40.2% | $116.8M-15.8% | $138.9M-2.6% | $142.6M |
| Gross Profit | $18.2M+0.6% | $18.1M+15.0% | $15.7M-21.7% | $20.1M-2.2% | $20.5M+90.9% | $10.8M-51.1% | $22.0M+40.4% | $15.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $9.2M-10.4% | $10.3M+0.2% | $10.3M-2.1% | $10.5M-19.3% | $13.0M-3.3% | $13.5M+3.6% | $13.0M-2.7% | $13.4M |
| Operating Income | $8.7M+13.5% | $7.6M+51.2% | $5.0M-46.1% | $9.4M+27.9% | $7.3M+337.1% | -$3.1M-130.2% | $10.2M+430.8% | $1.9M |
| Interest Expense | $199K-2.5% | $204K-4.2% | $213K-74.4% | $833K-13.4% | $962K+16.7% | $824K+3.9% | $793K+225.0% | $244K |
| Income Tax | $1.8M-28.7% | $2.5M+102.1% | $1.3M+187.1% | -$1.4M-469.5% | $390K-31.9% | $573K-76.2% | $2.4M+397.5% | $484K |
| Net Income | $4.7M-31.2% | $6.8M+55.2% | $4.4M+703.1% | -$732K-112.1% | $6.1M+196.7% | -$6.3M-194.6% | $6.6M+265.9% | -$4.0M |
| EPS (Diluted) | $0.26-31.6% | $0.38+52.0% | $0.25+725.0% | $-0.04-111.8% | $0.34+197.1% | $-0.35-194.6% | $0.37+260.9% | $-0.23 |
CVGW Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $292.2M-9.1% | $321.5M+7.5% | $298.9M-0.7% | $301.1M-26.8% | $411.4M+4.2% | $394.7M+2.0% | $386.9M-5.0% | $407.2M |
| Current Assets | $149.4M-17.1% | $180.3M+14.0% | $158.2M-0.3% | $158.6M-39.6% | $262.3M+6.8% | $245.6M+84.1% | $133.4M-7.9% | $144.7M |
| Cash & Equivalents | $61.2M+1.3% | $60.4M+24.5% | $48.5M-15.0% | $57.0M+1234.7% | $4.3M-24.5% | $5.7M+170.6% | $2.1M-50.2% | $4.2M |
| Inventory | $33.6M-19.3% | $41.6M+4.4% | $39.9M+16.7% | $34.2M-17.8% | $41.6M+5.1% | $39.6M+25.3% | $31.6M-26.3% | $42.8M |
| Accounts Receivable | $31.6M-45.1% | $57.6M+22.3% | $47.1M+12.4% | $41.9M-25.4% | $56.1M+59.7% | $35.2M+3.7% | $33.9M-50.8% | $68.8M |
| Goodwill | $10.2M0.0% | $10.2M0.0% | $10.2M0.0% | $10.2M0.0% | $10.2M0.0% | $10.2M0.0% | $10.2M-64.4% | $28.7M |
| Total Liabilities | $85.3M-25.7% | $114.9M+19.6% | $96.1M-4.7% | $100.8M-50.6% | $204.0M+6.2% | $192.2M+8.8% | $176.6M-8.9% | $194.0M |
| Current Liabilities | $60.5M-32.9% | $90.2M+27.4% | $70.8M-3.3% | $73.2M-45.0% | $133.2M+10.2% | $120.9M+47.9% | $81.7M-29.4% | $115.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $4.8M |
| Total Equity | $206.9M+0.2% | $206.6M+1.8% | $202.9M+1.3% | $200.3M-3.4% | $207.3M+2.4% | $202.5M-3.7% | $210.2M-1.4% | $213.2M |
| Retained Earnings | $27.8M+5.2% | $26.5M+14.1% | $23.2M+3.8% | $22.3M-21.8% | $28.6M+17.6% | $24.3M-24.9% | $32.3M-13.0% | $37.2M |
CVGW Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.3M-85.3% | $15.7M+454.4% | -$4.4M-140.9% | $10.8M+418.0% | $2.1M+3506.9% | $58K-98.8% | $4.7M+125.5% | $2.1M |
| Capital Expenditures | $1.1M+715.8% | $133K-52.8% | $282K-24.0% | $371K-72.5% | $1.3M+30.8% | $1.0M+71.1% | $602K-81.6% | $3.3M |
| Free Cash Flow | $1.2M-92.1% | $15.6M+430.4% | -$4.7M-145.0% | $10.5M+1304.7% | $745K+176.6% | -$972K-123.5% | $4.1M+450.6% | -$1.2M |
| Investing Cash Flow | -$1.1M-715.8% | -$133K+52.8% | -$282K-100.3% | $82.6M+6234.3% | -$1.3M-30.8% | -$1.0M-71.1% | -$602K+81.6% | -$3.3M |
| Financing Cash Flow | -$3.8M-3.7% | -$3.7M+3.8% | -$3.8M+89.8% | -$37.6M-1663.4% | -$2.1M-156.4% | $3.8M+209.8% | -$3.4M-196.1% | $3.6M |
| Dividends Paid | $3.6M-0.1% | $3.6M+0.2% | $3.6M-0.4% | $3.6M+101.1% | $1.8M-0.1% | $1.8M+0.1% | $1.8M+0.3% | $1.8M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CVGW Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.2%+0.7pp | 9.5%-0.7pp | 10.2%-1.0pp | 11.2%+0.1pp | 11.1%+2.7pp | 8.4%-5.3pp | 13.7%+3.8pp | 9.9% |
| Operating Margin | 4.8%+0.8pp | 4.0%+0.7pp | 3.3%-1.9pp | 5.2%+1.2pp | 4.0%+6.4pp | -2.4%-8.8pp | 6.3%+5.1pp | 1.2% |
| Net Margin | 2.6%-1.0pp | 3.6%+0.7pp | 2.9%+3.3pp | -0.4%-3.7pp | 3.3%+8.2pp | -4.9%-9.0pp | 4.1%+6.6pp | -2.5% |
| Return on Equity | 2.3%-1.0pp | 3.3%+1.1pp | 2.2% | N/A | 2.9% | N/A | 3.0% | N/A |
| Return on Assets | 1.6%-0.6pp | 2.1%+0.6pp | 1.5%+1.7pp | -0.2%-1.7pp | 1.5%+3.1pp | -1.6%-3.2pp | 1.6%+2.6pp | -1.0% |
| Current Ratio | 2.47+0.5 | 2.00-0.2 | 2.23+0.1 | 2.17+0.2 | 1.97-0.1 | 2.03+0.4 | 1.63+0.4 | 1.25 |
| Debt-to-Equity | 0.41-0.1 | 0.56+0.1 | 0.47-0.0 | 0.50-0.5 | 0.98+0.0 | 0.95+0.1 | 0.84+0.8 | 0.02 |
| FCF Margin | 4.1%-4.1pp | 8.2%+11.2pp | -3.0%-9.3pp | 6.3%+5.9pp | 0.4%+1.2pp | -0.8%+9.8pp | -10.6%-9.9pp | -0.7% |
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Frequently Asked Questions
What is Calavo Growers's annual revenue?
Calavo Growers (CVGW) reported $648.4M in total revenue for fiscal year 2025. This represents a -2.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Calavo Growers's revenue growing?
Calavo Growers (CVGW) revenue declined by 2% year-over-year, from $661.5M to $648.4M in fiscal year 2025.
Is Calavo Growers profitable?
Yes, Calavo Growers (CVGW) reported a net income of $19.8M in fiscal year 2025, with a net profit margin of 3.0%.
What is Calavo Growers's earnings per share (EPS)?
Calavo Growers (CVGW) reported diluted earnings per share of $1.11 for fiscal year 2025. This represents a 1950.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Calavo Growers's EBITDA?
Calavo Growers (CVGW) had EBITDA of $27.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Calavo Growers's gross margin?
Calavo Growers (CVGW) had a gross margin of 9.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Calavo Growers's operating margin?
Calavo Growers (CVGW) had an operating margin of 3.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Calavo Growers's net profit margin?
Calavo Growers (CVGW) had a net profit margin of 3.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Calavo Growers's return on equity (ROE)?
Calavo Growers (CVGW) has a return on equity of 9.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Calavo Growers's free cash flow?
Calavo Growers (CVGW) generated $19.4M in free cash flow during fiscal year 2025. This represents a -9.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Calavo Growers's operating cash flow?
Calavo Growers (CVGW) generated $21.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Calavo Growers's total assets?
Calavo Growers (CVGW) had $292.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Calavo Growers's capital expenditures?
Calavo Growers (CVGW) invested $2.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Calavo Growers have outstanding?
Calavo Growers (CVGW) had 18M shares outstanding as of fiscal year 2025.
What is Calavo Growers's current ratio?
Calavo Growers (CVGW) had a current ratio of 2.47 as of fiscal year 2025, which is generally considered healthy.
What is Calavo Growers's debt-to-equity ratio?
Calavo Growers (CVGW) had a debt-to-equity ratio of 0.41 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Calavo Growers's return on assets (ROA)?
Calavo Growers (CVGW) had a return on assets of 6.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Calavo Growers's Altman Z-Score?
Calavo Growers (CVGW) has an Altman Z-Score of 6.27, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Calavo Growers's Piotroski F-Score?
Calavo Growers (CVGW) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Calavo Growers's earnings high quality?
Calavo Growers (CVGW) has an earnings quality ratio of 1.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Calavo Growers cover its interest payments?
Calavo Growers (CVGW) has an interest coverage ratio of 23.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Calavo Growers?
Calavo Growers (CVGW) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.