CVGW on NASDAQ

Calavo Growers

Logo: Calavo Growers, Inc. (vectorized by Deltaspace42 ), Public domain, via Wikimedia Commons4

International consumer goods and farm products company

Calavo Growers, Inc., is an international consumer goods and farm products company. It packages, and distributes avocados and other fruits, as well as their fresh prepared food to restaurants, stores, and individual customers worldwide.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1924Founded1

Compare with Mission Produce, Inc., BrightView Holdings, Inc. or Golden Growers Cooperative, or pick any stock.

  • TickerCVGW on NASDAQ1
  • IndustryAgricultural Services1
  • HeadquartersCA1
  • Websitewww.calavo.com
  • Incorporated inCA5
  • Business address1141A Cummings Road, Santa Paula, Ca 930605
  • Filer categoryAccelerated filer5

Calavo Growers, Inc., is an international consumer goods and farm products company. It packages, and distributes avocados and other fruits, as well as their fresh prepared food to restaurants, stores, and individual customers worldwide.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

9.8%Gross margin7
3.0%Operating margin7
3.1%Net margin7
-2.0%Revenue growth, 20257
9.6%Return on equity7
$19.4MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue90¢$584.8M
  • Selling, general and admin6¢$42.1M
  • Income tax1¢$4.6M
  • Profit3¢$19.8M

Out of $648.4M in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending10¢$2.2M
  • Dividends paid66¢$14.3M
  • Kept or used elsewhere24¢$5.1M

Out of $21.5M of cash from operations.7

Financial statements

Revenue8910117$648.4M in 2025−46% since 2019
0$500.0M$1.0B$1.5B2019: $1.2B$1.2B20192020: $1.1B$1.1B2020−11%2021: $1.1B$1.1B2021−0%2022: $769.7M$769.7M2022−27%2023: $594.1M$594.1M2023−23%2024: $661.5M$661.5M2024+11%2025: $648.4M$648.4M2025−2%
Gross profit8910117$63.7M in 2025−50% since 2019
0$50.0M$100.0M$150.0M2019: $128.1M$128.1M20192020: $89.9M$89.9M2020−30%2021: $57.4M$57.4M2021−36%2022: $54.7M$54.7M2022−5%2023: $62.6M$62.6M2023+14%2024: $67.8M$67.8M2024+8%2025: $63.7M$63.7M2025−6%
Operating income8910117$19.6M in 2025−72% since 2019
-$25.0M0$25.0M$50.0M$75.0M2019: $71.0M$71.0M20192020: $32.2M$32.2M2020−55%2021: -$10.0M-$10.0M20212022: $6.8M$6.8M20222023: $12.2M$12.2M2023+80%2024: $16.7M$16.7M2024+37%2025: $19.6M$19.6M2025+17%
Net income8910117$19.8M in 2025−46% since 2019
-$20.0M0$20.0M$40.0M2019: $36.6M$36.6M20192020: -$13.6M-$13.6M20202021: -$11.8M-$11.8M2021−13%2022: -$6.2M-$6.2M2022−47%2023: -$8.3M-$8.3M2023+34%2024: -$1.1M-$1.1M2024−87%2025: $19.8M$19.8M2025
Fiscal year2019202020212022202320242025
Revenue$1.2B8$1.1B9$1.1B10$769.7M11$594.1M7$661.5M7$648.4M7
Cost of revenue$1.1B8$969.5M9$998.4M10$714.9M11$531.5M7$593.7M7$584.8M7
Gross profit$128.1M8$89.9M9$57.4M10$54.7M11$62.6M7$67.8M7$63.7M7
Research and development$700.0K9$300.0K10$100.0K11$100.0K11$100.0K11
Selling, general and admin$59.1M8$58.0M9$56.5M10$46.5M11$47.3M7$50.0M7$42.1M7
Operating income$71.0M8$32.2M9-$10.0M10$6.8M11$12.2M7$16.7M7$19.6M7
Interest$948.0K8$877.0K9$798.0K10$1.7M10$2.5M10
Income tax$12.9M8-$4.3M9$10.7M10$3.2M11$6.1M7$2.3M7$4.6M7
Net income$36.6M8-$13.6M9-$11.8M10-$6.2M11-$8.3M7-$1.1M7$19.8M7
Earnings per share$2.098-$0.789-$0.6710-$0.3511-$0.477-$0.067$1.117
Earnings per share (diluted)$2.088-$0.789-$0.6710-$0.3511-$0.477-$0.067$1.117

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The story

Calavo Growers, Inc., was founded on January 21, 1924, as the California Avocado Growers' Exchange. Due to overwhelming interest in the avocado, many California growers had planted avocado seeds that had originated in Mexico. Although slow to mature, by 1923, those avocado trees were producing a large enough crop to be marketed. The problem was the lack of a marketing outlet. The founders studied grower cooperatives that were doing well at the time, such as the California Fruit Growers Exchange, and adopted features that would work best for the avocado industry. In the first year, the California Avocado Growers Exchange packed the 18,000 lbs. of fruit that launched the California avocado industry. Shortly after, the growers exchange adopted the name Calavo as a brand. This was the result of a naming contest in which multiple entries were submitted combining the words "California" and "avocado". Calavo quickly became the brand name of high quality avocados. In the early 1930s, the cooperative increased its offerings to include limes, coconuts, kiwis, mangos and persimmons. Papayas were added in the late 1940s.

The California Avocado Advisory board was created in 1961; Calavo played a key role in its creation and development. The purpose was to market the Californian avocado industry as a whole and not just the avocado growers in the cooperative. Today it is known as the California Avocado Commission.

After 78 years as a growers cooperative, Calavo members voted to take the company public. In 2002, Calavo Growers Inc. was designated the ticker symbol CVGW on the NASDAQ National Market System. The seats on the company's board of directors were filled mainly with longtime avocado growers, and that remains so today.

Until 2024, it operated its business through three divisions including Fresh Products, Calavo Foods and Renaissance Food Group (RFG). On August 15 of the same year, the RFG division was sold to F&S Fresh Foods for $83 million.

In January 2026, Mission Produce announced it would acquire Calavo in a ~$483 million cash and stock deal.

From Wikipedia’s article on Calavo Growers, shared under CC BY-SA 4.0.6

Products and brands

Calavo Growers markets fresh avocados grown in California, Mexico, and Chile. Additionally, it distributes other fruit products, such as tomatoes, pineapples and Hawaiian produced papayas. Operations in Mexico pack and ship fresh avocados from their 50,000 sq. ft. packinghouse, while a second 90,000 sq.ft. facility prepares and packages fresh avocado products, such as guacamole. Their products are distributed throughout the U.S. to retailers and foodservice operations nationwide, as well as Canada, Europe and Asia.

From Wikipedia’s article on Calavo Growers, shared under CC BY-SA 4.0.6

Timeline

  1. Mar 22, 2002Went public Listed on NASDAQ1
  2. 1924Founded Founded1

Recent filings

  1. May 29, 20268-K
  2. May 28, 20264
  3. May 28, 20264
  4. May 28, 20264 PRIMARY DOCUMENT
  5. May 28, 20264
  6. May 28, 20264
  7. May 28, 20264
  8. May 28, 20264
  9. May 28, 20264
  10. May 28, 20264
  11. May 28, 20264
  12. May 26, 20268-K
  13. Apr 29, 20268-K
  14. Apr 27, 20264 PRIMARY DOCUMENT
  15. Apr 27, 20264 PRIMARY DOCUMENT

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2