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Mission Produce's gross profit for the three months ended in Jan. 2025 was $32 Mil. Mission Produce's gross profit for the trailing twelve months (TTM) ended in Jan. 2025 was $155 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Mission Produce's gross profit for the three months ended in Jan. 2025 was $32 Mil. Mission Produce's Revenue for the three months ended in Jan. 2025 was $334 Mil. Therefore, Mission Produce's Gross Margin % for the quarter that ended in Jan. 2025 was 9.43%.
Mission Produce had a gross margin of 9.43% for the quarter that ended in Jan. 2025 => No sustainable competitive advantage
During the past 7 years, the highest Gross Margin % of Mission Produce was 17.51%. The lowest was 6.28%. And the median was 12.35%.
Warning Sign:
Mission Produce Inc gross margin has been in long-term decline. The average rate of decline per year is -10.1%.
The historical data trend for Mission Produce's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mission Produce Annual Data | ||||||||||||||||
Trend | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | Oct24 | |||||||||
Gross Profit | Get a 7-Day Free Trial | 124.60 | 124.50 | 89.80 | 83.30 | 152.50 |
Mission Produce Quarterly Data | ||||||||||||||||||||
Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | Oct24 | Jan25 | |
Gross Profit | Get a 7-Day Free Trial |
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28.70 | 31.00 | 37.00 | 55.80 | 31.50 |
For the Food Distribution subindustry, Mission Produce's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Retail - Defensive industry and Consumer Defensive sector, Mission Produce's Gross Profit distribution charts can be found below:
* The bar in red indicates where Mission Produce's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Mission Produce's Gross Profit for the fiscal year that ended in Oct. 2024 is calculated as
Gross Profit (A: Oct. 2024 ) | = | Revenue | - | Cost of Goods Sold |
= | 1234.7 | - | 1082.2 | |
= | 153 |
Mission Produce's Gross Profit for the quarter that ended in Jan. 2025 is calculated as
Gross Profit (Q: Jan. 2025 ) | = | Revenue | - | Cost of Goods Sold |
= | 334.2 | - | 302.7 | |
= | 32 |
Gross Profit for the trailing twelve months (TTM) ended in Jan. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $155 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Mission Produce's Gross Margin % for the quarter that ended in Jan. 2025 is calculated as
Gross Margin % (Q: Jan. 2025 ) | = | Gross Profit (Q: Jan. 2025 ) | / | Revenue (Q: Jan. 2025 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 32 | / | 334.2 | |
= | 9.43 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Mission Produce (NAS:AVO) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Mission Produce had a gross margin of 9.43% for the quarter that ended in Jan. 2025 => No sustainable competitive advantage
Thank you for viewing the detailed overview of Mission Produce's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Juan R Wiesner | officer: See Remarks | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Taylor Family Investments, Llc | 10 percent owner | C/O TAYLOR FARMS, 911-B BLANCO CIRCLE, SALINAS CA 93901 |
Luis A Gonzalez | director, 10 percent owner | C/O MISSION PRODUCE,INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Stephen J Barnard | director, officer: PRESIDENT AND CEO | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Bryan E Giles | officer: CHIEF FINANCIAL OFFICER | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Jay A Pack | director | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Tony B Sarsam | director | 850 76TH STREET SW, PO BOX 8700, GRAND RAPIDS MI 49518 |
Timothy Bulow | officer: President and COO | 2710 CAMINO DEL SOL, OXNARD CA 93030 |
Bonnie Cruickshank Lind | director | 3460 PRESTON RIDGE ROAD, ALPHARETTA GA 30005 |
Shaunte Danielle Mears-watkins | director | 2710 CAMINO DEL SOL, OXNARD CA 93030 |
Joanne C Wu | officer: General Counsel and Secretary | C/O MISSION PRODUCE, INC., 2710 CAMINO DEL SOL, OXNARD CA 93030 |
Michael A Browne | officer: CHIEF OPERATING OFFICER | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Ross W Wileman | officer: See Remarks | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Bruce C. Taylor | director, 10 percent owner | C/O TAYLOR FARMS, 911-B BLANCO CIRCLE, SALINAS CA 93901 |
Steve A Beebe | director | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
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