Mission Produce posts record revenue, boosts profitability and cash

The latest update is out from Mission Produce ( (AVO) ).

On December 18, 2025, Mission Produce reported fiscal fourth-quarter and full-year 2025 results, highlighting record annual revenue of $1.39 billion, up 13% year over year, driven by 7% avocado volume growth and significantly higher yields from its Peruvian orchards. For the fourth quarter ended October 31, 2025, revenue declined 10% to $319 million as average avocado prices fell 27%, but volume rose 13%, keeping gross profit steady and lifting gross margin to 17.5%; adjusted net income climbed 13% to $22.2 million and adjusted EBITDA rose 12% to $41.4 million on stronger contributions from Marketing & Distribution and International Farming. For the full year, net income edged up 3% to $37.7 million, adjusted net income increased 6% to $56.2 million, and adjusted EBITDA grew 3% to $110.8 million, while exportable avocado production from owned orchards surged 144% to 105 million pounds as weather normalized. Segment results showed a 15% revenue decline but higher profitability in Marketing & Distribution, a near doubling of International Farming sales with a swing to operating profit, and higher blueberry sales but weaker margins due to rising unit costs. The company generated $88.6 million in operating cash flow for the year and nearly $180 million over the past two years, and, with its heavy investment cycle largely complete and capital expenditures expected to fall to about $40 million in fiscal 2026, it signaled a pivot to accelerated free cash flow generation; Mission also announced a leadership succession under which founder and CEO Steve Barnard will become executive chairman and John Pawlowski will assume the CEO role at the April 2026 annual meeting.

The most recent analyst rating on (AVO) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Mission Produce stock, see the AVO Stock Forecast page.

Spark’s Take on AVO Stock

According to Spark, TipRanks’ AI Analyst, AVO is a Neutral.

Mission Produce’s overall stock score is driven by strong earnings performance and growth in international segments, despite challenges in cash flow and potential pricing pressures. The technical indicators suggest a cautious approach, while the valuation indicates moderate pricing. The positive earnings call significantly boosts the overall outlook.

To see Spark’s full report on AVO stock, click here.

More about Mission Produce

Mission Produce, Inc., based in Oxnard, California, is a global leader in sourcing, producing and distributing fresh Hass avocados, with additional operations in international farming and a blueberry segment; its integrated platform spans marketing and distribution across North America, Europe and Asia, supported by owned Peruvian orchards and a diversified global sourcing network focused on optimizing volume growth and per‑unit margins.

Average Trading Volume: 337,300

Technical Sentiment Signal: Buy

Current Market Cap: $917.3M

See more data about AVO stock on TipRanks’ Stock Analysis page.