CVGW

MKT CAP:$500M

Calavo Growers, Inc.

Market Cap

$500M

Consumer Defensive·Food Distribution·🇺🇸 United States·NASDAQ

Consumer Def.·Food Distribution·🇺🇸·NASDAQ

Stock Price

$27.37+$5.57 (+25.55%)

Apr 21, 2026

Company Details

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It oper...

CEO

John Pawlowski

IPO Date

Jul 22, 2002

Website

www.calavo.com

Key Metrics TTM

Revenue

$754M

-35.8% YoY

Net Income

$490.0K

EPS (Diluted)

$0.25

Free Cash Flow

$18M

Revenue / Share

$42.12

Gross Margin

9.2%

Operating Margin

3.1%

Net Margin

0.1%

FCF Margin

2.4%

P/S

0.7x

P/E

1020.1x

Earnings Reports

FY 2025

Jan 14, 2026

$648MEPS $1.11

Q3 2025

Sep 9, 2025

$179M-0.4%EPS $0.49

Q1 2025

Mar 12, 2025

$154MEPS $0.25

Q3 2024

Sep 9, 2024

$180MEPS -$0.04

Q4 2023

Dec 13, 2024

$241MEPS -$0.45

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 16	$220M	$27M	$15M
Q3 16	$263M	$33M	$20M
Q2 17	$270M	$36M	$21M
Q3 17	$302M	$25M	$12M
Q3 18	$296M	$33M	$19M
Q1 19	$258M	$31M	$17M
Q2 19	$286M	$37M	$21M
Q3 19	$359M	$36M	$21M
Q3 20	$270M	$31M	$17M
Q4 23	$241M	$15M	-$564.0K
Q3 24	$180M	$20M	$10M
Q1 25	$154M	$16M	$5M
Q3 25	$179M	$18M	$9M

Valuation

Quarter	P/S	P/E
Q2 16	—	—
Q3 16	—	—
Q2 17	—	—
Q3 17	1.2x	29.2x
Q3 18	1.4x	34.5x
Q1 19	1.3x	37.3x
Q2 19	1.5x	39.6x
Q3 19	1.3x	35.9x
Q3 20	0.9x	63.5x
Q4 23	0.4x	134.0x
Q3 24	0.4x	—
Q1 25	0.5x	—
Q3 25	0.6x	956.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 16	$17M	$13M
Q3 16	$29M	$22M
Q2 17	$22M	$19M
Q3 17	$18M	$11M
Q3 18	$19M	$16M
Q1 19	$10M	$7M
Q2 19	$16M	$13M
Q3 19	$34M	$30M
Q3 20	$23M	$21M
Q4 23	$5M	$4M
Q3 24	$11M	$11M
Q1 25	-$4M	-$5M
Q3 25	$8M	$7M

Capital Expenditures

Quarter	CapEx
Q2 16	$5M
Q3 16	$7M
Q2 17	$3M
Q3 17	$7M
Q3 18	$3M
Q1 19	$4M
Q2 19	$4M
Q3 19	$4M
Q3 20	$2M
Q4 23	$602.0K
Q3 24	$142.0K
Q1 25	$282.0K
Q3 25	$651.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 18	+34.6%	+35.1%
Q1 19	-1.9%	-0.5%
Q2 19	+5.9%	+6.3%
Q3 19	+19.1%	+16.7%
Q3 20	-8.8%	-8.7%
Q4 23	-6.5%	+0.1%
Q3 24	-37.3%	-36.1%
Q1 25	-57.0%	-55.8%
Q3 25	-33.9%	-32.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 16	$557.0K	0.3%
Q3 16	$558.0K	0.2%
Q2 17	$831.0K	0.3%
Q3 17	$831.0K	0.3%
Q3 18	$942.0K	0.3%
Q1 19	$966.0K	0.4%
Q2 19	$860.0K	0.3%
Q3 19	$884.0K	0.2%
Q3 20	$852.0K	0.3%
Q4 23	$828.0K	0.3%
Q3 24	$388.0K	0.2%
Q1 25	$272.0K	0.2%
Q3 25	$283.0K	0.2%

OpEx Breakdown

Quarter	G&A	SG&A
Q2 16	$12M	—
Q3 16	—	$12M
Q2 17	—	$15M
Q3 17	—	$13M
Q3 18	—	$14M
Q1 19	—	$14M
Q2 19	—	$16M
Q3 19	—	$14M
Q3 20	—	$13M
Q4 23	—	$14M
Q3 24	—	$10M
Q1 25	—	$10M
Q3 25	—	$9M

Revenue Segments

Quarter	Calavo Foods	Fresh Products	Rfg	Intersegment Eliminations Between Calavo Foods And Fresh Products	Intersegment Eliminations Between Calavo Foods And Rfg	Intersegment Eliminations Between Fresh And Rfg
Q2 16	$18M	$126M	$80M	—	—	—
Q3 16	$19M	$157M	$92M	—	—	—
Q2 17	$20M	$156M	$98M	—	—	—
Q3 17	$23M	$170M	$113M	$400.0K	$900.0K	$600.0K
Q3 18	$29M	$151M	$122M	—	—	—
Q1 19	$22M	$117M	$119M	—	—	—
Q2 19	$21M	$151M	$115M	—	—	—
Q3 19	$25M	$207M	$128M	—	—	—
Q3 20	$18M	$162M	$91M	—	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$2M	$0	$2M
Q3 22	$3M	$0	$3M
Q4 22	$2M	$0	$2M
Q1 23	$2M	$0	$2M
Q2 23	$4M	$0	$4M
Q3 23	$1M	$0	$1M
Q4 23	$2M	$0	$2M
Q1 24	$6M	$0	$6M
Q2 24	$4M	$0	$4M
Q3 24	$1M	$0	$1M
Q4 24	$57M	$0	$57M
Q1 25	$48M	$0	$48M
Q2 25	$60M	$0	$60M
Q3 25	$64M	$0	$64M
Q4 25	$61M	$0	$61M
Q1 26	$48M	$0	$48M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 16	17M	—	—
Q3 16	17M	+0.0%	—
Q2 17	18M	+0.5%	—
Q3 17	18M	+0.0%	—
Q3 18	18M	+0.2%	+0.8%
Q1 19	18M	-0.1%	+0.6%
Q2 19	18M	+0.3%	+0.4%
Q3 19	18M	-0.0%	+0.3%
Q3 20	18M	-0.1%	+0.0%
Q4 23	18M	+0.9%	+1.1%
Q3 24	18M	+0.5%	+1.3%
Q1 25	18M	+0.3%	+1.7%
Q3 25	18M	-0.0%	+1.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 16	$106.7K	2K
Q3 16	$127.5K	2K
Q2 17	$128.9K	2K
Q3 17	$143.9K	2K
Q3 18	$117.8K	3K
Q1 19	$86.6K	3K
Q2 19	$96.1K	3K
Q3 19	$120.6K	3K
Q3 20	$73.9K	4K
Q4 23	$78.7K	3K
Q3 24	$58.6K	3K
Q1 25	$73.3K	2K
Q3 25	$84.9K	2K

Revenue / Employee