Tearsheet

Calavo Growers (CVGW)


Market Price (12/28/2025): $21.76 | Market Cap: $388.5 Mil
Sector: Consumer Staples | Industry: Food Distributors

Calavo Growers (CVGW)


Market Price (12/28/2025): $21.76
Market Cap: $388.5 Mil
Sector: Consumer Staples
Industry: Food Distributors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%, Dividend Yield is 2.8%, FCF Yield is 7.4%
Weak multi-year price returns
2Y Excs Rtn is -65%, 3Y Excs Rtn is -113%
Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.4%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%
  Key risks
CVGW key risks include [1] its heavy revenue dependence on the volatile avocado market and [2] its significant operational and currency exposure tied to sourcing in Mexico.
2 Low stock price volatility
Vol 12M is 41%
  
3 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%, Dividend Yield is 2.8%, FCF Yield is 7.4%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%
2 Low stock price volatility
Vol 12M is 41%
3 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -65%, 3Y Excs Rtn is -113%
5 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.4%
6 Key risks
CVGW key risks include [1] its heavy revenue dependence on the volatile avocado market and [2] its significant operational and currency exposure tied to sourcing in Mexico.

Valuation, Metrics & Events

CVGW Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Here are the key points for the approximate -19.7% stock movement of Calavo Growers (CVGW) from August 31, 2025, to December 28, 2025:

<b>1. Mixed Q3 2025 Earnings Report.</b> Calavo Growers reported its Q3 2025 earnings on September 9, 2025, delivering an earnings per share (EPS) of $0.57, which generally beat analyst estimates. However, the company's quarterly revenue fell year-over-year to $178.82 million, significantly missing consensus estimates of around $195-$199 million, leading to a negative market reaction.

<br><br>

<b>2. Decline in Fresh Segment Sales and FDA Detention Hold.</b> The Fresh segment experienced a 5% decrease in sales during Q3 2025. This was primarily attributed to lower avocado and tomato volumes and a $4.2 million impact resulting from a temporary FDA detention hold on certain avocado imports from Mexico. Although the detention hold was resolved by early September 2025, its impact was reflected in the Q3 results.

<br><br>

<b>3. Fading Optimism from Unsolicited Buyout Offer.</b> An unsolicited and non-binding offer of $32 per share to acquire Calavo Growers, which was initially announced in June 2025, lost investor confidence during this period. The lack of definitive details and the passage of time caused investors to view the deal as stalled or unlikely, leading to a decline from the stock price possibly inflated by the initial offer.

<br><br>

<b>4. Leadership Transition.</b> On November 12, 2025, Calavo Growers announced a significant leadership change. Lecil E. Cole retired as President and Chief Executive Officer, and B. John Lindeman was appointed as his successor. Such executive transitions can introduce uncertainty regarding the company's future strategic direction and operations.

<br><br>

<b>5. Broader Market Sentiment and Year-End Selling.</b> Beyond company-specific news, analysts suggested that a general cooling of market sentiment and typical year-end tax-loss selling may have also contributed to the downward pressure on Calavo Growers' stock price during this period.

Show more

Stock Movement Drivers

Fundamental Drivers

The -17.0% change in CVGW stock from 9/27/2025 to 12/27/2025 was primarily driven by a -17.0% change in the company's P/E Multiple.
927202512272025Change
Stock Price ($)26.2421.78-17.00%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)693.71693.710.00%
Net Income Margin (%)2.28%2.28%0.00%
P/E Multiple29.5724.55-17.00%
Shares Outstanding (Mil)17.8517.850.00%
Cumulative Contribution-17.00%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
CVGW-17.0% 
Market (SPY)4.3%16.6%
Sector (XLP)0.3%46.0%

Fundamental Drivers

The -17.8% change in CVGW stock from 6/28/2025 to 12/27/2025 was primarily driven by a -45.9% change in the company's P/E Multiple.
628202512272025Change
Stock Price ($)26.4821.78-17.76%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)694.49693.71-0.11%
Net Income Margin (%)1.50%2.28%52.57%
P/E Multiple45.3924.55-45.92%
Shares Outstanding (Mil)17.8217.85-0.21%
Cumulative Contribution-17.76%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
CVGW-17.8% 
Market (SPY)12.6%19.1%
Sector (XLP)-2.2%47.0%

Fundamental Drivers

The -11.8% change in CVGW stock from 12/27/2024 to 12/27/2025 was primarily driven by a -19.2% change in the company's P/S Multiple.
1227202412272025Change
Stock Price ($)24.7021.78-11.81%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)633.79693.719.45%
P/S Multiple0.690.56-19.19%
Shares Outstanding (Mil)17.8017.85-0.29%
Cumulative Contribution-11.81%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
CVGW-11.8% 
Market (SPY)17.0%9.5%
Sector (XLP)0.5%38.3%

Fundamental Drivers

The -20.4% change in CVGW stock from 12/28/2022 to 12/27/2025 was primarily driven by a -10.8% change in the company's P/S Multiple.
1228202212272025Change
Stock Price ($)27.3721.78-20.42%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)769.69693.71-9.87%
P/S Multiple0.630.56-10.78%
Shares Outstanding (Mil)17.6717.85-1.04%
Cumulative Contribution-20.42%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
CVGW-22.8% 
Market (SPY)48.0%14.5%
Sector (XLP)14.0%28.3%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
CVGW Return-22%-37%-30%1%-12%-12%-73%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
CVGW Win Rate58%50%42%58%42%42% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
CVGW Max Drawdown-44%-50%-31%-25%-29%-25% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See CVGW Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventCVGWS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-74.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven291.8%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-43.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven77.4%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-34.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven51.8%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-73.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven279.4%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven748 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Calavo Growers's stock fell -74.5% during the 2022 Inflation Shock from a high on 3/8/2021. A -74.5% loss requires a 291.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Calavo Growers (CVGW)

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 operates in three segments: Fresh Products, Calavo Foods, and Renaissance Food Group (RFG). The Fresh products segment distributes avocados and other fresh produce products comprising tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia. The Calavo Foods segment is involved in purchasing, processing, packaging, and distributing prepared avocado products, including guacamole and salsa. The RFG segment manufactures, markets, and distributes fresh-cut fruits and vegetables, fresh prepared entrée salads, wraps, sandwiches, and fresh snacking products, as well as ready-to-heat entrees, other hot bar and various deli items, meals kits and related components, and salad kits. The company offers its products under the Calavo and RFG brands, and related logos; and Avo Fresco, Bueno, Calavo Gold, Calavo Salsa Lisa, Salsa Lisa, Celebrate the Taste, El Dorado, Fresh Ripe, Select, Taste of Paradise, The First Name in Avocados, Tico, Mfresh, Maui Fresh International, Triggered Avocados, ProRipeVIP, RIPE NOW!, Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials trademarks. Calavo Growers, Inc. was founded in 1924 and is headquartered in Santa Paula, California.

AI Analysis | Feedback

Here are 1-2 brief analogies for Calavo Growers (CVGW):

Calavo Growers is like the Dole Food Company for avocados and fresh-prepared foods.

Alternatively, think of Calavo Growers as the "Chiquita Brands International" of avocados, but with a significant prepared fresh foods division.

AI Analysis | Feedback

  • Fresh Avocados: Sourcing, packing, and distributing premium fresh avocados.
  • Prepared Fresh Food: A range of value-added products including fresh-cut fruits, vegetables, and refrigerated guacamole, salsa, and sandwich products.
  • Other Fresh Produce: Distribution of various other fresh produce items such as tomatoes and papayas.

AI Analysis | Feedback

Calavo Growers (symbol: CVGW) primarily sells its products to other businesses (B2B) rather than directly to individual consumers. Their customer base is diversified across various channels, and according to their financial reports (e.g., 2023 10-K), no single customer accounted for 10% or more of their consolidated net sales. This indicates a broad distribution network rather than reliance on a few dominant buyers.

However, their major customers fall into the following categories of companies:

  • Retail Grocery Chains: These companies purchase Calavo's fresh produce (especially avocados and tomatoes) and prepared food products (like guacamole, salsas, and dips) for sale directly to consumers in their supermarkets and online platforms. Examples of major chains that Calavo likely supplies include:
    • Kroger Co. (symbol: KR)
    • Walmart Inc. (symbol: WMT)
    • Target Corporation (symbol: TGT)
    • Albertsons Companies, Inc. (symbol: ACI)
    • Costco Wholesale Corporation (symbol: COST)
  • Food Service Distributors: These companies distribute fresh and prepared foods to a vast array of clients, including restaurants, hotels, schools, corporate cafeterias, and other institutional customers. Calavo's products, particularly avocados, fresh produce, and prepared avocado products, are common offerings in the food service sector. Examples include:
    • Sysco Corporation (symbol: SYY)
    • US Foods Holding Corp. (symbol: USFD)
  • Wholesale Produce Distributors: These distributors act as intermediaries, buying large volumes of fresh produce from growers like Calavo and then supplying it to smaller retailers, local food service operators, and other specialized buyers. While many specific companies in this category are regional or private, they play a crucial role in Calavo's overall distribution network.

AI Analysis | Feedback

null

AI Analysis | Feedback

Lee E. Cole, President and Chief Executive Officer

Lee E. Cole has a long history with Calavo Growers, serving as President and Chief Executive Officer from 1999 until his retirement in January 2020. He returned to lead the company as President and CEO effective March 13, 2023. Cole also served as a Director of Calavo for 39 years and was Chairman of the Board for 28 of those years. He is credited with bringing Calavo into the public market and developing it into one of the largest avocado companies globally.

James Snyder, Chief Financial Officer

James Snyder became Calavo Growers' Chief Financial Officer effective December 2, 2024. Prior to this appointment, Snyder had a significant tenure with Calavo, serving for over 18 years as Corporate Controller and Chief Accounting Officer from 2001 to 2020. Before rejoining Calavo, he was the Corporate Controller and Chief Accounting Officer at Gem-Pack Berries since April 2024, and held a similar role at Nano Banc of Irvine from 2020 to 2024. Snyder began his career at Deloitte, where he spent seven years in various audit functions.

Mike Browne, EVP Sales & Operations

Mike Browne serves as the Executive Vice President of Sales & Operations for Calavo Growers. He was previously the Vice President of Fresh Operations.

Ron Araiza, EVP Calavo Foods Division

Ron Araiza holds the position of Executive Vice President for the Calavo Foods Division.

Dionisio Ortiz, Vice President Calavo de México

Dionisio Ortiz is the Vice President of Calavo de México.

AI Analysis | Feedback

The key risks to Calavo Growers (CVGW) business are primarily rooted in its strong ties to the agricultural industry and international trade, particularly concerning avocados.

  1. Dependency on Avocado Market and Price Volatility: A significant portion of Calavo Growers' revenue is derived from avocados, making the company highly vulnerable to price fluctuations in this market. Factors such as oversupply, particularly from Mexico, can depress prices and adversely impact operating results and margins. The company's ability to estimate crop size and timing also plays a crucial role, as significant fluctuations in volume can considerably affect per-pound packing costs.
  2. Agricultural Supply Chain Volatility and Adverse Weather Conditions: As an agricultural company, Calavo Growers is exposed to inherent volatilities within the agri-sector. Adverse weather and growing conditions directly impact avocado crop yields, quality, and sizing, which can lead to supply chain disruptions and price volatility. Other factors like the outbreak of diseases or phytosanitary detentions also contribute to this risk.
  3. International Business Risks and Regulatory/Trade Complexities: Calavo Growers conducts a substantial amount of business internationally, especially in Mexico, for sourcing and sales. This exposes the company to risks such as changes in tariff rules, trade protection measures, foreign governmental actions, and currency fluctuations (e.g., the strengthening Mexican peso increasing operating costs). Compliance with international trade policies and food safety regulations also poses ongoing challenges.

AI Analysis | Feedback

null

AI Analysis | Feedback

Calavo Growers (CVGW) operates in several key addressable markets related to fresh produce and prepared foods. The primary markets for their products and services include:

  • Avocados (Fresh and Prepared Avocado Products):

    • The global avocado market size was valued at USD 15.83 billion in 2023 and is projected to reach USD 26.04 billion by 2030. Other estimates for the global avocado market include USD 19.2 billion in 2023, growing to USD 47.54 billion by 2032, and an estimated USD 19.56 billion in 2025, projected to reach USD 26.54 billion by 2030.
    • North America held a significant share of the global avocado market, accounting for 45.0% in 2022 and 34.5% of the revenue share in 2024. It is projected to command 48.6% of the global market share in 2025.
    • The U.S. avocado market was valued at US$4.136 billion in 2025 and is expected to reach US$5.593 billion by 2030. Another report estimated the U.S. avocado market size at USD 3,685.8 million in 2024, expected to reach USD 6,091.9 million by 2035.
  • Fresh Produce (Fruits and Vegetables, including tomatoes and papayas):

    • The global fresh produce market size was valued at USD 3,537 billion in 2024 and is anticipated to increase from USD 3,707 billion in 2025 to an estimated USD 5,653 billion by 2034. Other estimates for the global fresh fruits & vegetables market include USD 854.42 billion in 2024, projected to reach USD 1,274.25 billion by 2033, and USD 893.72 billion in 2024, projected to reach USD 1339.64 billion by 2034.
    • The global fresh fruit market was valued at USD 570.9 billion in 2022 and is projected to reach USD 757.7 billion by 2030.
    • The global fresh vegetables market was valued at USD 650.2 billion in 2022 and is projected to reach USD 895.2 billion by 2032.
    • The U.S. fruits and vegetables market size was valued at USD 96.26 billion in 2023 and is anticipated to exceed USD 142.71 billion by 2033. The U.S. fresh vegetables market is projected to reach USD 85.92 billion by 2032.
  • Prepared Foods (including fresh-cut fruits and vegetables, ready-to-eat sandwiches, wraps, salads, and snacks):

    • The global prepared meals market size was valued at USD 178.83 billion in 2024 and is projected to grow to USD 291.27 billion by 2032. Other valuations for the global prepared meals market include USD 168.25 billion in 2023, expected to reach USD 334.09 billion by 2033, and USD 186.74 billion in 2024, projected to reach USD 521.53 billion by 2035.
    • North America held the largest market share for prepared food in 2024, at 40.9%.
    • The U.S. prepared meals market generated total revenues of $52.03 billion in 2023 and is forecast to reach $77.25 billion by the end of 2028. The U.S. ready meals market is expected to reach USD 58.7 billion by 2030 and USD 541.32 billion by 2035. The U.S. ready-to-eat food market is projected to reach USD 63.41 billion by 2030.

AI Analysis | Feedback

Calavo Growers (NASDAQ: CVGW) is strategically positioning itself for future revenue growth over the next 2-3 years by focusing on its core avocado and guacamole businesses, implementing diversified growth strategies, and leveraging its supply chain capabilities.

The key drivers of anticipated revenue growth include:

  • Increased Avocado and Guacamole Sales Volumes: Calavo anticipates double-digit growth in both avocado and guacamole sales volumes. This growth is a central component of their strategy to create meaningful value for shareholders in fiscal 2025 and beyond. The company's Grown segment, which includes avocados, has shown robust performance, with net sales increasing by 13.3% in Q3 2024 and avocado volumes increasing by 10% in Q4 2024. The Prepared segment also experienced significant growth in Q3 2025, with sales volume increasing by approximately 35%.
  • New Customer Acquisition and Deeper Penetration within Existing Accounts: Calavo's confidence in future growth is partly attributed to initiatives aimed at acquiring new customers and increasing its market share within existing client relationships.
  • Product Innovations: The company plans to introduce new product innovations, particularly within its guacamole business, which are expected to contribute to revenue expansion.
  • Expanded Global Sourcing Strategies: Calavo is focused on broadening its global sourcing strategies to ensure a robust and scalable supply chain, which will support increased sales volume and overall revenue growth. The scalability of their supply chain is seen as a competitive advantage in achieving sales volume growth.
  • Renewed Focus on Core Businesses: Following the divestiture of its Fresh Cut business in August 2024 for $83.0 million, Calavo has retired its remaining debt and intends to deploy the generated cash by investing in its core avocado and guacamole operations. This strategic refocus is expected to enhance financial performance and drive future growth.

AI Analysis | Feedback

Share Repurchases

  • Calavo Growers authorized a share repurchase program of up to $25 million of its common stock on March 18, 2025.
  • The share repurchase program is in effect until March 18, 2027.
  • As of April 30, 2025, no shares have been repurchased under this program.

Share Issuance

  • Issuance of common stock occurred in connection with stock-based compensation, with a stock-based compensation expense of $878,000 for the nine months ended July 31, 2025.
  • The number of outstanding shares of common stock was 17,837,172 as of May 31, 2025, and 17,853,323 as of August 31, 2025.

Inbound Investments

  • On June 11, 2025, Calavo Growers received a non-binding proposal to acquire all outstanding shares for $32.00 per share, comprising a mix of stock and cash.
  • This proposed acquisition would value the company at approximately $571 million.

Outbound Investments

  • Calavo Growers completed the sale of its Fresh Cut business and related real estate on August 15, 2024, for $83.0 million.

Capital Expenditures

  • Cash used in investing activities, primarily for purchases of property, plant, and equipment, amounted to $0.3 million for the three months ended January 31, 2025.
  • Cash used in investing activities for purchases of property, plant, and equipment was $0.4 million for the six months ended April 30, 2025.
  • For the nine months ended July 31, 2025, cash used in investing activities, mainly for property, plant, and equipment purchases, was $1.1 million.

Better Bets than Calavo Growers (CVGW)

Trade Ideas

Select ideas related to CVGW. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy11302025BF-BBrown-FormanDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-8.9%-8.9%-8.9%
CPB_11302025_Dip_Buyer_ValueBuy11302025CPBCampbell'sDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-7.6%-7.6%-9.2%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025ENREnergizerDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
13.1%13.1%-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FLOFlowers FoodsDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
5.4%5.4%-1.6%
CLX_11142025_Dip_Buyer_FCFYield11142025CLXCloroxDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.0%-5.0%-6.0%

Recent Active Movers

More From Trefis

Peer Comparisons for Calavo Growers

Peers to compare with:

Financials

CVGWHPQHPEIBMCSCOAAPLMedian
NameCalavo G.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price21.7823.2624.49305.0978.16273.4051.32
Mkt Cap0.421.932.6284.9309.24,074.4158.8
Rev LTM69455,29534,29665,40257,696408,62556,496
Op Inc LTM243,6241,64411,54412,991130,2147,584
FCF LTM292,80062711,85412,73396,1847,327
FCF 3Y Avg72,9781,40011,75313,879100,5037,366
CFO LTM303,6972,91913,48313,744108,5658,590
CFO 3Y Avg123,6723,89613,49814,736111,5598,697

Growth & Margins

CVGWHPQHPEIBMCSCOAAPLMedian
NameCalavo G.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM9.5%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg21.0%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q-0.4%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM-0.1%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM3.5%6.6%4.8%17.7%22.5%31.9%12.1%
Op Mgn 3Y Avg3.8%7.4%7.2%16.4%24.2%30.8%11.9%
QoQ Delta Op Mgn LTM-0.1%-0.2%-1.4%0.6%0.4%0.1%-0.0%
CFO/Rev LTM4.3%6.7%8.5%20.6%23.8%26.6%14.6%
CFO/Rev 3Y Avg1.1%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM4.1%5.1%1.8%18.1%22.1%23.5%11.6%
FCF/Rev 3Y Avg-0.7%5.5%4.6%18.6%24.6%25.6%12.1%

Valuation

CVGWHPQHPEIBMCSCOAAPLMedian
NameCalavo G.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.421.932.6284.9309.24,074.4158.8
P/S0.60.41.04.45.410.02.7
P/EBIT17.06.819.925.122.531.321.2
P/E24.58.6572.736.029.941.033.0
P/CFO12.95.911.221.122.537.517.0
Total Yield6.8%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield2.8%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg1.3%10.6%5.5%6.4%6.0%3.1%5.7%
D/E0.10.50.70.20.10.00.2
Net D/E-0.10.30.60.20.00.00.1

Returns

CVGWHPQHPEIBMCSCOAAPLMedian
NameCalavo G.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn7.3%-1.8%14.4%0.6%2.7%-1.5%1.7%
3M Rtn-17.0%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn-17.8%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-11.8%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn-20.4%-1.9%71.1%143.1%81.3%120.2%76.2%
1M Excs Rtn13.4%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn-21.3%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-30.0%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-26.5%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-112.9%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil2024202320222021
Fresh527698586 
Prepared6771470 
Calavo Foods   75
Fresh products   585
Intercompany eliminations   -6
Renaissance Food Group, LLC (RFG)   405
Total5947701,0561,059


Price Behavior

Price Behavior
Market Price$21.78 
Market Cap ($ Bil)0.4 
First Trading Date07/22/2002 
Distance from 52W High-21.5% 
   50 Days200 Days
DMA Price$21.53$24.84
DMA Trenddowndown
Distance from DMA1.1%-12.3%
 3M1YR
Volatility31.4%40.7%
Downside Capture90.4432.66
Upside Capture-17.4415.02
Correlation (SPY)16.1%9.4%
CVGW Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.970.450.490.450.220.45
Up Beta0.760.841.030.590.220.39
Down Beta-3.400.010.160.610.180.26
Up Capture84%-42%-37%-13%3%14%
Bmk +ve Days12253873141426
Stock +ve Days7152354111343
Down Capture206%125%125%86%48%90%
Bmk -ve Days7162452107323
Stock -ve Days12263970135401

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of CVGW With Other Asset Classes (Last 1Y)
 CVGWSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-12.3%0.5%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility40.5%13.9%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-0.23-0.200.722.700.340.09-0.08
Correlation With Other Assets 38.4%9.3%-3.8%0.1%24.3%6.8%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of CVGW With Other Asset Classes (Last 5Y)
 CVGWSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-20.2%5.7%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility43.3%13.0%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio-0.380.230.700.970.500.160.57
Correlation With Other Assets 27.4%17.8%4.6%5.7%25.7%4.7%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of CVGW With Other Asset Classes (Last 10Y)
 CVGWSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-6.9%7.3%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility39.5%14.7%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio-0.050.370.710.860.320.220.90
Correlation With Other Assets 27.7%23.8%1.1%8.4%26.9%4.5%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity535,153
Short Interest: % Change Since 1130202514.2%
Average Daily Volume299,179
Days-to-Cover Short Interest1.79
Basic Shares Quantity17,853,000
Short % of Basic Shares3.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/11/2025-1.4%0.2%-9.4%
1/21/2025-4.7%-4.4%-2.9%
9/9/202410.9%23.0%20.0%
6/10/20248.2%0.2%-11.8%
1/17/20240.8%1.5%8.8%
9/6/20235.2%-12.5%-19.8%
6/6/2023-2.3%-4.2%-10.7%
3/6/2023-23.9%-25.6%-8.1%
...
SUMMARY STATS   
# Positive1098
# Negative111213
Median Positive7.8%5.8%12.5%
Median Negative-7.1%-10.1%-10.7%
Max Positive14.0%23.0%28.2%
Max Negative-23.9%-26.2%-24.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
7312025909202510-Q 7/31/2025
4302025609202510-Q 4/30/2025
1312025312202510-Q 1/31/2025
10312024114202510-K 10/31/2024
7312024909202410-Q 7/31/2024
4302024610202410-Q 4/30/2024
1312024311202410-Q 1/31/2024
10312023131202410-K 10/31/2023
7312023906202310-Q 7/31/2023
4302023606202310-Q 4/30/2023
1312023306202310-Q 1/31/2023
103120221220202210-K 10/31/2022
7312022901202210-Q 7/31/2022
4302022602202210-Q 4/30/2022
1312022314202210-Q 1/31/2022
103120211221202110-K 10/31/2021