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Calavo Growers Financials

CVGW
Source SEC Filings (10-K/10-Q) Updated Mar 12, 2026 Currency USD FYE October

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

Profitability Growth Leverage Liquidity Cash Flow Returns 43 / 100
Financial Profile 43/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
29

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 29/100, suggesting thin profitability after operating expenses. This is up from 2.5% the prior year.

Growth
30

Calavo Growers's revenue declined 2% year-over-year, from $661.5M to $648.4M. This contraction results in a growth score of 30/100.

Leverage
93

Calavo Growers carries a low D/E ratio of 0.45, meaning only $0.45 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
41

Calavo Growers's current ratio of 2.21 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
32

Calavo Growers has a free cash flow margin of 3.0%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
33

Calavo Growers's ROE of 9.6% shows moderate profitability relative to equity, earning a score of 33/100. This is up from -0.5% the prior year.

Altman Z-Score Safe
6.00

Calavo Growers scores 6.00, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($486.9M) relative to total liabilities ($92.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
4/9

Calavo Growers passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.09x

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.

Interest Coverage Safe
23.7x

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

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Earnings & Revenue

Revenue
$648.4M
YoY-2.0%
5Y CAGR-9.4%
10Y CAGR-2.7%

Calavo Growers generated $648.4M in revenue in fiscal year 2025. This represents a decrease of 2.0% from the prior year.

EBITDA
$27.1M
YoY-0.8%
5Y CAGR-10.9%
10Y CAGR-6.3%

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.

Net Income
$19.8M
YoY+1939.8%
10Y CAGR-3.1%

Calavo Growers reported $19.8M in net income in fiscal year 2025. This represents an increase of 1939.8% from the prior year.

EPS (Diluted)
$1.11
YoY+1950.0%
10Y CAGR-3.4%

Calavo Growers earned $1.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1950.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$19.4M
YoY-9.9%
5Y CAGR+2.0%
10Y CAGR+0.1%

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.

Cash & Debt
$47.7M
YoY-1.7%
5Y CAGR+42.3%
10Y CAGR+19.3%

Calavo Growers held $47.7M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
18M
YoY+0.2%
5Y CAGR+0.2%
10Y CAGR+0.2%

Calavo Growers had 18M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin
9.8%
YoY-0.4pp
5Y CAGR+1.3pp
10Y CAGR-0.1pp

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.

Operating Margin
3.0%
YoY+0.5pp
5Y CAGR-0.0pp
10Y CAGR-2.1pp

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.

Net Margin
3.0%
YoY+3.2pp
5Y CAGR+4.3pp
10Y CAGR-0.1pp

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.

Return on Equity
9.6%
YoY+10.2pp
5Y CAGR+14.8pp
10Y CAGR-4.7pp

Calavo Growers's ROE was 9.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 10.2 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$2.2M
YoY-25.6%
5Y CAGR-28.3%
10Y CAGR-19.2%

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 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $122.2M0.0% $122.2M-2.0% $124.7M-30.3% $178.8M-6.2% $190.5M+23.4% $154.4M-9.2% $170.0M-5.4% $179.6M
Cost of Revenue $107.0M0.0% $107.0M-5.3% $113.0M-29.6% $160.6M-6.9% $172.5M+24.4% $138.7M-9.7% $153.5M-3.7% $159.5M
Gross Profit $15.2M0.0% $15.2M+30.4% $11.6M-36.0% $18.2M+0.6% $18.1M+15.0% $15.7M-4.2% $16.4M-18.3% $20.1M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $16.4M0.0% $16.4M+33.7% $12.3M+32.9% $9.2M-10.4% $10.3M+0.2% $10.3M-21.1% $13.0M+24.1% $10.5M
Operating Income -$1.4M0.0% -$1.4M+16.1% -$1.7M-119.9% $8.7M+13.5% $7.6M+51.2% $5.0M+61.0% $3.1M-66.5% $9.4M
Interest Expense $129K0.0% $129K-38.9% $211K+6.0% $199K-2.5% $204K-4.2% $213K-22.3% $274K-67.1% $833K
Income Tax $473K0.0% $473K+149.7% -$952K-152.7% $1.8M-28.7% $2.5M+102.1% $1.3M-55.2% $2.8M+294.5% -$1.4M
Net Income $732K0.0% $732K-80.8% $3.8M-19.0% $4.7M-31.2% $6.8M+55.2% $4.4M+3276.3% -$139K+81.0% -$732K
EPS (Diluted) $0.040.0% $0.04 N/A $0.26-31.6% $0.38+52.0% $0.25 N/A $-0.04

CVGW Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $298.2M0.0% $298.2M+2.0% $292.2M-3.0% $301.2M-6.3% $321.5M+7.5% $298.9M-0.7% $301.1M-21.3% $382.4M
Current Assets $152.6M0.0% $152.6M+2.1% $149.4M-6.1% $159.1M-11.7% $180.3M+14.0% $158.2M-0.3% $158.6M-33.5% $238.3M
Cash & Equivalents $47.7M0.0% $47.7M-22.1% $61.2M-4.1% $63.8M+5.6% $60.4M+24.5% $48.5M-15.0% $57.0M+4964.9% $1.1M
Inventory $37.8M0.0% $37.8M+12.4% $33.6M+10.8% $30.3M-27.1% $41.6M+4.4% $39.9M+16.7% $34.2M+7.3% $31.8M
Accounts Receivable $40.6M0.0% $40.6M+28.2% $31.6M-23.7% $41.5M-28.0% $57.6M+22.3% $47.1M+12.4% $41.9M-19.2% $51.8M
Goodwill $10.2M0.0% $10.2M0.0% $10.2M0.0% $10.2M0.0% $10.2M0.0% $10.2M0.0% $10.2M0.0% $10.2M
Total Liabilities $92.5M0.0% $92.5M+8.5% $85.3M-10.0% $94.8M-17.5% $114.9M+19.6% $96.1M-4.7% $100.8M-43.1% $177.2M
Current Liabilities $69.1M0.0% $69.1M+14.2% $60.5M-12.6% $69.2M-23.3% $90.2M+27.4% $70.8M-3.3% $73.2M-37.2% $116.6M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $205.7M0.0% $205.7M-0.6% $206.9M+0.2% $206.4M-0.1% $206.6M+1.8% $202.9M+1.3% $200.3M-2.4% $205.2M
Retained Earnings $25.0M0.0% $25.0M-10.2% $27.8M+0.9% $27.6M+4.3% $26.5M+14.1% $23.2M+3.8% $22.3M-14.3% $26.1M

CVGW Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$8.7M0.0% -$8.7M-475.1% $2.3M-71.0% $8.0M-49.2% $15.7M+454.4% -$4.4M-140.9% $10.8M-5.2% $11.4M
Capital Expenditures $788K0.0% $788K-27.4% $1.1M+66.7% $651K+389.5% $133K-52.8% $282K-24.0% $371K+161.3% $142K
Free Cash Flow -$9.4M0.0% -$9.4M-872.4% $1.2M-83.3% $7.3M-53.0% $15.6M+430.4% -$4.7M-145.0% $10.5M-7.3% $11.3M
Investing Cash Flow -$788K0.0% -$788K+27.4% -$1.1M-66.7% -$651K-389.5% -$133K+52.8% -$282K-100.3% $82.6M+58289.4% -$142K
Financing Cash Flow -$4.0M0.0% -$4.0M-5.7% -$3.8M+2.6% -$3.9M-6.5% -$3.7M+3.8% -$3.8M+89.8% -$37.6M-160.1% -$14.4M
Dividends Paid $3.6M0.0% $3.6M+0.1% $3.6M-0.1% $3.6M+0.1% $3.6M+0.2% $3.6M-0.4% $3.6M+101.1% $1.8M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

CVGW Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin 12.4%0.0pp 12.4%+3.1pp 9.3%-0.8pp 10.2%+0.7pp 9.5%-0.7pp 10.2%+0.5pp 9.7%-1.5pp 11.2%
Operating Margin -1.2%0.0pp -1.2%+0.2pp -1.4%-6.2pp 4.8%+0.8pp 4.0%+0.7pp 3.3%+1.4pp 1.8%-3.4pp 5.2%
Net Margin 0.6%0.0pp 0.6%-2.5pp 3.1%+0.4pp 2.6%-1.0pp 3.6%+0.7pp 2.9%+2.9pp -0.1%+0.3pp -0.4%
Return on Equity 0.4%0.0pp 0.4%-1.5pp 1.8%-0.4pp 2.3%-1.0pp 3.3%+1.1pp 2.2%+2.3pp -0.1%+0.3pp -0.4%
Return on Assets 0.3%0.0pp 0.3%-1.1pp 1.3%-0.2pp 1.6%-0.6pp 2.1%+0.6pp 1.5%+1.5pp -0.1%+0.1pp -0.2%
Current Ratio 2.210.0 2.21-0.3 2.47+0.2 2.30+0.3 2.00-0.2 2.23+0.1 2.17+0.1 2.04
Debt-to-Equity 0.450.0 0.45+0.0 0.41-0.0 0.46-0.1 0.56+0.1 0.47-0.0 0.50-0.4 0.86
FCF Margin -7.7%0.0pp -7.7%-8.7pp 1.0%-3.1pp 4.1%-4.1pp 8.2%+11.2pp -3.0%-9.2pp 6.2%-0.1pp 6.3%

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Frequently Asked Questions

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.

Calavo Growers (CVGW) revenue declined by 2% year-over-year, from $661.5M to $648.4M in fiscal year 2025.

Yes, Calavo Growers (CVGW) reported a net income of $19.8M in fiscal year 2025, with a net profit margin of 3.0%.

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.

Calavo Growers (CVGW) had EBITDA of $27.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

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.

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.

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.

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.

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.

Calavo Growers (CVGW) generated $21.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Calavo Growers (CVGW) had $298.2M in total assets as of fiscal year 2025, including both current and long-term assets.

Calavo Growers (CVGW) invested $2.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Calavo Growers (CVGW) had 18M shares outstanding as of fiscal year 2025.

Calavo Growers (CVGW) had a current ratio of 2.21 as of fiscal year 2025, which is generally considered healthy.

Calavo Growers (CVGW) had a debt-to-equity ratio of 0.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Calavo Growers (CVGW) had a return on assets of 6.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Calavo Growers (CVGW) has an Altman Z-Score of 6.00, 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.

Calavo Growers (CVGW) has a Piotroski F-Score of 4 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.

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.

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.

Calavo Growers (CVGW) scores 43 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.

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