Limoneira (LMNR)


Market Price (8/19/2026): $14.06 | Market Cap: $252.0 MilSector: Consumer Staples | Industry: Agricultural Products & Services

Limoneira (LMNR)


Market Price (8/19/2026): $14.06
Market Cap: $252.0 Mil
Sector: Consumer Staples
Industry: Agricultural Products & Services

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

0

Low stock price volatility
Vol 12M is 29%

Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Water Infrastructure, and Sustainable Resource Management. Themes include Organic & Natural Products, Show more.

Weak multi-year price returns
2Y Excs Rtn is -72%, 3Y Excs Rtn is -79%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.87

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -29 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -22%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -25%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.8%, Rev Chg QQuarterly Revenue Change % is -32%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -25%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19%

Key risks
LMNR key risks include [1] heavy reliance on its avocado and lemon business, Show more.

0 Low stock price volatility
Vol 12M is 29%
1 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Water Infrastructure, and Sustainable Resource Management. Themes include Organic & Natural Products, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -72%, 3Y Excs Rtn is -79%
3 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.87
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -29 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -22%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -25%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.8%, Rev Chg QQuarterly Revenue Change % is -32%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -25%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19%
8 Key risks
LMNR key risks include [1] heavy reliance on its avocado and lemon business, Show more.

LMNR in ETFs

Weight = LMNR's share of each fund

VTI0.00%
IWM0.01%
IWN0.02%
VTWO0.01%
DFAS0.00%
DFAC0.00%
IWV0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/5/2026

Limoneira (LMNR) stock has gained about 10% since 4/30/2026 because of the following key factors:

1. Stronger-than-expected Q2 Fiscal Year 2026 Financial Results and Positive Outlook. Limoneira reported fiscal Q2 2026 (ended April 30, 2026) revenue of $23.9 million, surpassing analyst estimates of $21.42 million. The company also reported an adjusted EBITDA loss of $1.7 million, which exceeded analyst expectations of a loss ranging from $2.2 million to $2.3 million. Management expressed confidence in achieving positive adjusted EBITDA in fiscal Q3 and Q4 2026, citing improved lemon pricing, which saw average per-carton prices increase by approximately 14.5% to $16.63 net of the Sunkist marketing fee compared to the prior year.

2. Increased Avocado Volume Guidance. The company raised its fiscal year 2026 avocado volume guidance from a range of 5.0-6.0 million pounds to 5.5-6.5 million pounds. This upward revision was partly attributed to strategically delaying harvest timing in fiscal Q2 2026 for approximately 500,000 pounds of avocados to capture anticipated higher pricing in fiscal Q3 2026.

Show more
Updated on 8/5/2026

Limoneira (LMNR) stock has gained about 10% since 4/30/2026 because of the following key factors:

1. Stronger-than-expected Q2 Fiscal Year 2026 Financial Results and Positive Outlook. Limoneira reported fiscal Q2 2026 (ended April 30, 2026) revenue of $23.9 million, surpassing analyst estimates of $21.42 million. The company also reported an adjusted EBITDA loss of $1.7 million, which exceeded analyst expectations of a loss ranging from $2.2 million to $2.3 million. Management expressed confidence in achieving positive adjusted EBITDA in fiscal Q3 and Q4 2026, citing improved lemon pricing, which saw average per-carton prices increase by approximately 14.5% to $16.63 net of the Sunkist marketing fee compared to the prior year.

2. Increased Avocado Volume Guidance. The company raised its fiscal year 2026 avocado volume guidance from a range of 5.0-6.0 million pounds to 5.5-6.5 million pounds. This upward revision was partly attributed to strategically delaying harvest timing in fiscal Q2 2026 for approximately 500,000 pounds of avocados to capture anticipated higher pricing in fiscal Q3 2026.

3. Strategic Asset Monetization and Redeployment of Capital. Limoneira made progress on its strategy to unlock asset value, including an agreement to sell an 80% interest in its Windfall Farms property for $16 million ($10 million cash and a $6 million promissory note), expected to close in fiscal Q4 2026. Additionally, the company completed a 50/50 organic recycling joint venture with Agromin in April 2026, which is projected to generate meaningful shared earnings in fiscal year 2027 and optimize underutilized land. The company is also on track with its water monetization strategy for fiscal year 2026.

4. Operational Efficiencies and Cost Savings. Limoneira continues to realize operational efficiencies, including ongoing progress towards its targeted $10 million in annual selling, general, and administrative (SG&A) cost savings. These improvements are primarily a result of the Sunkist partnership and other strategic changes, contributing to the company's efforts to enhance profitability.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 10.2% change in LMNR stock from 4/30/2026 to 8/18/2026 was primarily driven by a 19.6% change in the company's P/S Multiple.
(LTM values as of)43020268182026Change
Stock Price ($)12.7314.0310.2%
Change Contribution By: 
Total Revenues ($ Mil)144132-7.8%
P/S Multiple1.61.919.6%
Shares Outstanding (Mil)1818-0.1%
Cumulative Contribution10.2%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/18/2026
ReturnCorrelation
LMNR10.2% 
Market (SPY)6.8%-13.8%
Sector (XLP)1.5%40.4%

Fundamental Drivers

The -2.6% change in LMNR stock from 1/31/2026 to 8/18/2026 was primarily driven by a -17.1% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120268182026Change
Stock Price ($)14.4014.03-2.6%
Change Contribution By: 
Total Revenues ($ Mil)160132-17.1%
P/S Multiple1.61.917.9%
Shares Outstanding (Mil)1818-0.3%
Cumulative Contribution-2.6%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/18/2026
ReturnCorrelation
LMNR-2.6% 
Market (SPY)11.2%4.0%
Sector (XLP)3.1%34.4%

Fundamental Drivers

The -3.4% change in LMNR stock from 7/31/2025 to 8/18/2026 was primarily driven by a -25.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258182026Change
Stock Price ($)14.5214.03-3.4%
Change Contribution By: 
Total Revenues ($ Mil)177132-25.0%
P/S Multiple1.51.929.6%
Shares Outstanding (Mil)1818-0.6%
Cumulative Contribution-3.4%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/18/2026
ReturnCorrelation
LMNR-3.4% 
Market (SPY)22.4%12.3%
Sector (XLP)9.5%29.2%

Fundamental Drivers

The -5.7% change in LMNR stock from 7/31/2023 to 8/18/2026 was primarily driven by a -28.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120238182026Change
Stock Price ($)14.8814.03-5.7%
Change Contribution By: 
Total Revenues ($ Mil)185132-28.2%
P/S Multiple1.41.933.9%
Shares Outstanding (Mil)1818-1.8%
Cumulative Contribution-5.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/18/2026
ReturnCorrelation
LMNR-5.7% 
Market (SPY)73.6%30.5%
Sector (XLP)21.7%26.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
LMNR Return-8%-17%72%20%-47%9%-9%
Peers Return15%-29%5%16%11%10%20%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
LMNR Win Rate50%33%58%75%17%38% 
Peers Win Rate58%46%46%46%58%62% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
LMNR Max Drawdown-28%-34%-21%-17%-50%-20% 
Peers Max Drawdown-20%-38%-28%-23%-23%-25% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AVO, ALCO.
[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] 2026 data is for the year up to 8/18/2026 (YTD)

How Low Can It Go

EventLMNRS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-31.1%-24.5%
  % Gain to Breakeven45.1%32.4%
  Time to Breakeven288 days427 days
2020 COVID-19 Crash
  % Loss-44.6%-33.7%
  % Gain to Breakeven80.5%50.9%
  Time to Breakeven453 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-28.0%-19.2%
  % Gain to Breakeven38.9%23.8%
  Time to Breakeven2072 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-11.4%-3.7%
  % Gain to Breakeven12.8%3.9%
  Time to Breakeven37 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-42.0%-12.2%
  % Gain to Breakeven72.3%13.9%
  Time to Breakeven246 days62 days
2014-2016 Oil Price Collapse
  % Loss-51.9%-6.8%
  % Gain to Breakeven107.8%7.3%
  Time to Breakeven503 days15 days

Compare to AVO, ALCO

In The Past

Limoneira's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventLMNRS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-31.1%-24.5%
  % Gain to Breakeven45.1%32.4%
  Time to Breakeven288 days427 days
2020 COVID-19 Crash
  % Loss-44.6%-33.7%
  % Gain to Breakeven80.5%50.9%
  Time to Breakeven453 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-28.0%-19.2%
  % Gain to Breakeven38.9%23.8%
  Time to Breakeven2072 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-42.0%-12.2%
  % Gain to Breakeven72.3%13.9%
  Time to Breakeven246 days62 days
2014-2016 Oil Price Collapse
  % Loss-51.9%-6.8%
  % Gain to Breakeven107.8%7.3%
  Time to Breakeven503 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-40.1%-17.9%
  % Gain to Breakeven67.1%21.8%
  Time to Breakeven382 days123 days
2008-2009 Global Financial Crisis
  % Loss-45.2%-53.4%
  % Gain to Breakeven82.3%114.4%
  Time to Breakeven559 days1085 days

Compare to AVO, ALCO

In The Past

Limoneira's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Limoneira (LMNR)

Limoneira Company (LMNR) operates as a diversified agribusiness and real estate development enterprise. The company's primary focus is its agribusiness division, which involves the cultivation, processing, packing, marketing, and sale of lemons. Limoneira manages over 6,100 acres of lemon groves spanning California, Arizona, Argentina, and Chile, establishing lemons as its most significant agricultural product.

Beyond its extensive lemon operations, Limoneira cultivates a variety of other crops, including avocados, oranges, specialty citrus (such as blood oranges and tangelos), pistachios, and wine grapes across thousands of acres, predominantly in California. Complementing its agricultural ventures, the company also operates a rental division, leasing residential and commercial properties, as well as agricultural land to third-party tenants. Furthermore, Limoneira is active in real estate development, involving the development of land parcels, multi-family housing, and single-family homes, alongside organic recycling operations.

Limoneira's agricultural products serve a wide array of customers and markets globally. Lemons are sold directly to food service, wholesale, and retail customers. Avocados are distributed through a dedicated packing and marketing company, while oranges, specialty citrus, and other crops are marketed via Sunkist and other third-party packinghouses. Wine grapes are supplied to wine producers. For its real estate and rental segments, the company caters to residential and commercial tenants, as well as buyers and developers interested in its housing and land projects.

AI Analysis | Feedback

Here are 1-3 brief analogies for Limoneira (LMNR):

  • Imagine a combination of Fresh Del Monte Produce (FDP) for its fruit farming and a smaller-scale Howard Hughes Corporation (HHC) for its land development and rentals.

  • Think of a publicly traded version of the Sunkist brand, widely known for citrus, that also acts as a significant landlord and real estate developer on its extensive land holdings.

AI Analysis | Feedback

  • Lemons: Limoneira grows, processes, packs, markets, and sells lemons to various customers.
  • Avocados: The company cultivates avocados, which are then sold to a packing and marketing company.
  • Oranges and Specialty Citrus: Limoneira grows and sells oranges, blood oranges, Cara Cara oranges, Minneola tangelos, Star Ruby grapefruit, and pummelos.
  • Other Agricultural Crops: The company also cultivates and sells crops such as pistachios and wine grapes.
  • Residential Property Rentals: Limoneira rents residential housing units.
  • Commercial Property Rentals: The company leases commercial office buildings.
  • Agricultural Land Leasing: Limoneira leases portions of its land to third-party agricultural tenants.
  • Organic Recycling: The company provides organic recycling operations.
  • Real Estate Development: Limoneira develops land parcels, multi-family housing, and single-family homes.

AI Analysis | Feedback

Limoneira Company (LMNR) primarily sells its products and services to other companies. Its major customers, as described, include:

  • Sunkist (a cooperative that markets oranges, specialty citrus, and other crops for Limoneira)
  • Food service companies (for lemons)
  • Wholesale companies (for lemons)
  • Retail companies (e.g., grocery stores, for lemons)
  • Packing and marketing companies (for avocados)
  • Other third-party packinghouses (for oranges, specialty citrus, and other crops)
  • Wine producers (for wine grapes)
  • Third-party agricultural tenants (for leased land)
  • Commercial tenants (for office buildings)

AI Analysis | Feedback

null

AI Analysis | Feedback

Here is the management team for Limoneira (LMNR):

Harold S. Edwards President & CEO

Mr. Edwards has served as President and Chief Executive Officer of Limoneira since November 2004 and as a director since 2009. He is a fifth-generation farmer from Ventura County. Prior to his role at Limoneira, Mr. Edwards was the president of Puritan Medical Products, a division of Airgas Inc. He also held management positions with Fisher Scientific International, Inc., Cargill, Inc., Agribrands International, and The Ralston Purina Company. Notably, he served as Chief Financial Officer for Mission Produce in Oxnard for approximately five years and as CFO of Ralston Purina's Italian division for another five years. Mr. Edwards has extensive international finance experience, having lived and worked abroad. He is currently a member of the board of directors for Compass Group Diversified Holdings LLC and Calavo Growers, Inc., both NASDAQ-listed companies.

Gregory C. Hamm Vice President, Chief Financial Officer and Treasurer

Mr. Hamm was appointed as Vice President, Chief Financial Officer and Treasurer on February 8, 2026. He previously served as the Company's Corporate Controller since 2004 and as Vice President and Corporate Controller since 2008. Before joining Limoneira, Mr. Hamm was the Corporate Controller for Enterprise Fish Co. and Hurry Curry of Tokyo Restaurants. He also served on the Board of Directors for Limoneira's Federal Credit Union since 2011 and as its President from 2011 to 2021.

Kelly Lindell Corporate Controller

Ms. Lindell assumed the role of Corporate Controller as part of the leadership transition in which Gregory C. Hamm was appointed CFO. She has been with Limoneira since 2019 and has been instrumental in the company's SEC reporting processes, reporting directly to Mr. Hamm.

AI Analysis | Feedback

```html

Here are the key risks to Limoneira's business:

  1. Agricultural and Environmental Risks: As an agribusiness, Limoneira is highly susceptible to adverse weather conditions, natural disasters, and the impacts of climate change, such as droughts or freezes, which can significantly disrupt crop production and quality. The company also faces ongoing challenges from pest infestations, crop diseases like the Asian Citrus Psyllid and Huanglongbing, and the availability and cost of water, which is critical for its extensive agricultural operations in regions like California. Furthermore, operational costs, including labor availability and expenses, and the pricing and supply of raw materials like fuel and packaging, also pose significant risks to profitability.
  2. Commodity Price Volatility: Limoneira's revenue and profitability are directly tied to the fluctuating market prices of its primary crops, including lemons, avocados, and oranges. The agribusiness sector is characterized by commodity price volatility driven by supply and demand dynamics, competitive pressures, and market responses to industry volume pressures, which can lead to significant variations in realized revenue per unit.
  3. Real Estate Market and Financial Risks: Limoneira's real estate development and rental operations are exposed to the cyclical nature of the real estate market, including potential timing delays for projects and shifts in market demand for residential and commercial properties. Additionally, the company faces financial risks associated with its debt levels, including the ability to generate sufficient cash flow to service debt obligations, compliance with loan covenants, and the availability and cost of financing for its land development activities.
```

AI Analysis | Feedback

null

AI Analysis | Feedback

Limoneira Company (LMNR) operates in several agricultural markets, with lemons, avocados, and oranges being its primary fruit products. Here's an overview of the addressable market sizes for these key products:

Lemons

  • The global demand for lemons was approximately 15.4 million metric tons in 2021, with projections for 1% annual growth over the subsequent five years.
  • Global lemon production in 2021 reached an estimated 20.8 million metric tons, with an anticipated annual growth rate of 1.7% for the next five years.
  • For the U.S. market, total lemon and lime imports are projected to reach 970,000 tons in the 2025/2026 marketing year.

Avocados

  • The global avocado market was valued at USD 15.83 billion in 2023 and is projected to grow to USD 26.04 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 7.4% from 2024 to 2030.
  • North America accounted for the largest share of the global avocado market revenue in 2022, representing 45.0% of the total.
  • In the U.S., the total volume of avocados is anticipated to exceed 3 billion pounds (approximately 1.36 million metric tons) in 2025, marking a significant milestone for the industry.

Oranges

  • The global orange market was valued at USD 47.01 billion in 2024 and is expected to reach USD 48.54 billion in 2025. It is further projected to grow to USD 62.69 billion by 2033, with a CAGR of 3.25% from 2025 to 2033.
  • Another estimate values the global orange market at USD 42.53 billion in 2026, with a projection to reach USD 52.63 billion by 2031 at a CAGR of 4.35%.
  • The North American orange market was valued at approximately USD 6.61 billion in 2024 and is projected to reach USD 8.2 billion by 2030, growing at a CAGR of about 5.11% during the 2025-2030 forecast period.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Limoneira (LMNR) over the next 2-3 years:

  1. Expansion of Avocado Production: Limoneira plans to significantly increase its avocado production. The company has approximately 800 acres of non-bearing avocados that are scheduled to become fully bearing over the next two to four years, which is expected to nearly double its avocado production capacity. This expansion is a key growth engine, capitalizing on the premium pricing and strong demand for California avocados.
  2. Real Estate Development and Asset Monetization: Limoneira anticipates substantial proceeds from its real estate development joint ventures, including "Harvest at Limoneira," Limoneira Lewis Community Builders 2, and East Area 2. The company expects to receive an additional $155 million from these projects over the next five fiscal years. Additionally, Limoneira is pursuing the monetization of certain water rights in the near term, which is expected to contribute to its overall financial growth.
  3. Benefits from the Strategic Sunkist Partnership: While Limoneira's strategic shift to a sales and marketing partnership with Sunkist Growers Inc. has altered the cadence of lemon sales, concentrating more volume in the latter half of the fiscal year, this partnership is expected to improve future performance. It provides enhanced customer access to premium accounts and major U.S. retailers, which is anticipated to drive more consistent revenue and potentially better pricing and volumes for lemons in the long run by optimizing packing and sales.
  4. Organic Recycling Joint Venture: Limoneira is developing a 50/50 organic recycling joint venture with Agromin, which is projected to become operational in fiscal year 2027. This venture is expected to process approximately 300,000 tons of organic waste annually and contribute to EBITDA, establishing a new and diversified recurring revenue stream less tied to traditional agricultural cycles.

AI Analysis | Feedback

Share Repurchases

  • Limoneira's Board of Directors authorized a share repurchase program of up to $10.0 million in September 2021, with the program concluding by September 2022.
  • A new share repurchase authorization of up to $30 million of the company's common stock was approved by the board on March 17, 2025.
  • The company has an indicated 3-year average share buyback ratio of -0.7%.

Share Issuance

  • Limoneira's shares outstanding have shown a slight increase over the last few years, rising from 17.57 million in October 2021 to 17.87 million by October 2025 and March 2026.

Outbound Investments

  • In February 2023, Limoneira sold its Northern Properties for approximately $98.4 million (or $100 million) as part of a strategic asset-lighter approach.
  • The company completed the sale of its Chilean Ranches for $15 million in November 2025.
  • Limoneira is actively pursuing the monetization of other non-core assets, including the Windfall Farms vineyard, with its disposition targeted for completion by the end of fiscal year 2026.

Capital Expenditures

  • Net cash used in investing activities was $3.5 million for the first quarter of fiscal year 2025 and $3.4 million for the first quarter of fiscal year 2026.
  • The company is expanding its avocado production, with an additional 800 acres expected to begin bearing fruit over the next two to four years, representing a near 100% increase in avocado production capacity.
  • Limoneira is investing in a 50/50 organic recycling joint venture with Agromin, planning to expand an existing facility into a commercial-scale operation capable of processing green and food waste, projected to be operational in fiscal year 2027.

Better Bets vs. Limoneira (LMNR)

Peer Outperformance in Agricultural Products & Services

LMNR has outperformed 50% of its 10 Agricultural Products & Services peers over 5Y. Among the peers that beat it is ADM. Agricultural Products & Services ranks 7th of 12 industries in Consumer Staples by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Agricultural Products & Services constituents that LMNR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
45%
of 11 industry peers · -9.3% return
3Y
45%
of 11 industry peers · -3.6% return
5Y
50%
of 10 industry peers · -9.7% return
Agricultural Products & Services peers with revenue growth within 4pp of LMNR's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
LMNR Limoneira -9.8% -6.2x -9.3%-3.6%-9.7%
ADM Archer-Daniels-Midland -6.2% 22.4x 41.6%8.7%58.1% +68pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Consumer Staples sector, ranked by 5Y. Agricultural Products & Services is LMNR's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Food Distributors 8 6.1%32.8%83.7% CHEF 292% · USFD 239% · ANDE 151%
Tobacco 6 -12.5%11.5%56.8% PM 134% · MO 99% · TPB 89%
Consumer Staples Merchandise Retail 12 5.4%31.7%55.6% NGVC 195% · WMT 144% · PSMT 138%
Food Retail 6 -17.4%64.1%40.0% CASY 340% · SFM 221% · UNFI 43%
Soft Drinks & Non-alcoholic Beverages 12 -6.3%-12.7%19.7% COKE 398% · BRFH 217% · CCHGY 111%
Brewers 3 -16.1%-27.7%0.6% BUD 39% · TAP 1% · SAM -70%
Agricultural Products & Services ← 11 -1.5%1.7%-9.7% BG 76% · ADM 58% · INGR 42%
Personal Care Products 4 -6.6%-21.6%-26.1% ELF 219% · PG 12% · COTY -65%
Household Products 19 5.5%-5.2%-26.5% ACU 80% · IPAR 78% · CL 30%
Packaged Foods & Meats 48 -17.3%-29.9%-36.7% MAMA 519% · LWAY 371% · SENEA 290%
Distillers & Vintners 6 -43.1%-63.1%-76.1% STZ -33% · BF-B -56% · MGPI -70%
Drug Retail 3 -41.0%-84.9%-92.5% HITI -66% · PETS -92% · SCNX -99%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

LMNRAVOALCOMedian
NameLimoneiraMission .Alico  
Mkt Price14.0313.0739.4414.03
Mkt Cap0.30.90.30.3
Rev LTM1321,24617132
Op Inc LTM-2951-24-24
FCF LTM-3334-4-4
FCF 3Y Avg-1332-14-13
CFO LTM-1881-0-0
CFO 3Y Avg-172-5-1

Growth & Margins

LMNRAVOALCOMedian
NameLimoneiraMission .Alico  
Rev Chg LTM-25.0%-10.5%-61.4%-25.0%
Rev Chg 3Y Avg-9.8%9.4%-16.9%-9.8%
Rev Chg Q-31.9%-23.5%7.7%-23.5%
QoQ Delta Rev Chg LTM-7.8%-6.7%4.0%-6.7%
Op Inc Chg LTM-687.0%-17.5%89.1%-17.5%
Op Inc Chg 3Y Avg-278.8%51.8%-117.6%-117.6%
Op Mgn LTM-21.8%4.1%-138.6%-21.8%
Op Mgn 3Y Avg-12.1%4.0%-243.5%-12.1%
QoQ Delta Op Mgn LTM-2.6%-0.3%204.7%-0.3%
CFO/Rev LTM-13.8%6.5%-2.2%-2.2%
CFO/Rev 3Y Avg-1.5%5.9%-9.9%-1.5%
FCF/Rev LTM-25.1%2.8%-20.8%-20.8%
FCF/Rev 3Y Avg-9.2%2.6%-34.7%-9.2%

Valuation

LMNRAVOALCOMedian
NameLimoneiraMission .Alico  
Mkt Cap0.30.90.30.3
P/S1.90.717.11.9
P/Op Inc-8.718.2-12.4-8.7
P/EBIT-5.119.183.919.1
P/E-6.240.6191.040.6
P/CFO-13.811.5-764.0-13.8
Total Yield-14.4%2.5%1.0%1.0%
Dividend Yield1.6%0.0%0.5%0.5%
FCF Yield 3Y Avg-4.7%4.1%-7.1%-4.7%
D/E0.40.20.30.3
Net D/E0.40.20.10.2

Returns

LMNRAVOALCOMedian
NameLimoneiraMission .Alico  
1M Rtn3.7%-3.8%-3.6%-3.6%
3M Rtn8.3%6.9%-2.2%6.9%
6M Rtn0.5%-9.4%-3.8%-3.8%
12M Rtn-9.3%5.5%20.1%5.5%
3Y Rtn-3.6%26.0%68.5%26.0%
1M Excs Rtn2.3%-3.1%-5.3%-3.1%
3M Excs Rtn2.3%2.4%-5.8%2.3%
6M Excs Rtn-11.9%-21.8%-16.2%-16.2%
12M Excs Rtn-27.0%-14.5%1.6%-14.5%
3Y Excs Rtn-79.3%-58.8%-9.0%-58.8%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Fresh Lemons7687117118125
Lemon Packing4949525243
Other Agribusiness1725292212
Avocados12257177
Corporate and Other66655
Eliminations  -31-30-26
Total160192180185166


Operating Income by Segment
$ Mil20252024202320222021
Avocados6183123
Lemon Packing27697
Other Agribusiness11412
Fresh Lemons-23-059
Corporate and Other-19-276-16-19
Eliminations  000
Depreciation and amortization    -9
Total-1211811-6


Price Behavior

Price Behavior
Market Price$14.03 
Market Cap ($ Bil)0.3 
First Trading Date10/07/2003 
Distance from 52W High-14.1% 
   50 Days200 Days
DMA Price$13.33$13.48
DMA Trenddownup
Distance from DMA5.3%4.1%
 3M1YR
Volatility34.8%28.8%
Downside Capture-98.6910.99
Upside Capture-43.28-2.61
Correlation (SPY)-18.1%11.1%
LMNR Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-0.38-0.74-0.500.040.260.67
Up Beta-1.44-0.37-0.380.470.930.75
Down Beta0.68-0.77-0.57-0.520.130.62
Up Capture-46%-70%-34%-5%-1%24%
Bmk +ve Days11223567138427
Stock +ve Days10213465128372
Down Capture-31%-100%-68%21%21%91%
Bmk -ve Days11212859114326
Stock -ve Days12222961120368

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LMNR
LMNR-7.8%28.7%-0.29-
Sector ETF (XLP)6.5%14.2%0.2128.9%
Equity (SPY)20.4%12.8%1.1710.8%
Gold (GLD)29.8%28.5%0.91-4.0%
Commodities (DBC)40.2%20.2%1.56-12.0%
Real Estate (VNQ)13.1%13.9%0.6521.4%
Bitcoin (BTCUSD)-45.4%42.7%-1.3013.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LMNR
LMNR-2.9%36.0%-0.01-
Sector ETF (XLP)6.2%13.6%0.2421.6%
Equity (SPY)13.1%17.2%0.5925.6%
Gold (GLD)19.8%18.6%0.874.8%
Commodities (DBC)9.8%19.6%0.397.8%
Real Estate (VNQ)2.4%18.9%0.0225.5%
Bitcoin (BTCUSD)7.1%52.6%0.3217.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LMNR
LMNR-1.4%39.1%0.09-
Sector ETF (XLP)7.4%14.9%0.3629.1%
Equity (SPY)15.2%17.9%0.7234.9%
Gold (GLD)12.1%16.2%0.611.9%
Commodities (DBC)7.8%18.1%0.3513.3%
Real Estate (VNQ)4.8%20.7%0.2032.4%
Bitcoin (BTCUSD)59.9%66.0%1.0013.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity0.8 Mil
Short Interest: % Change Since 715202622.0%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest12.9 days
Basic Shares Quantity17.9 Mil
Short % of Basic Shares4.7%

Earnings Returns History

Updated 7/14/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/9/20268.9%7.4%9.7%
3/12/2026-4.2%-3.5%-7.1%
12/23/2025-6.9%-8.4%4.9%
9/9/2025-5.3%-4.5%-6.0%
6/9/20252.3%-6.6%-3.1%
3/12/2025-13.3%-14.9%-23.3%
12/23/2024-7.0%-8.5%-15.5%
9/9/2024-3.0%3.9%6.9%
...
SUMMARY STATS   
# Positive989
# Negative151615
Median Positive6.9%5.7%6.9%
Median Negative-5.3%-6.1%-5.8%
Max Positive22.3%24.9%20.0%
Max Negative-13.3%-14.9%-23.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/9/20268.9%7.4%9.7%
3/12/2026-4.2%-3.5%-7.1%
12/23/2025-6.9%-8.4%4.9%
9/9/2025-5.3%-4.5%-6.0%
6/9/20252.3%-6.6%-3.1%
3/12/2025-13.3%-14.9%-23.3%
12/23/2024-7.0%-8.5%-15.5%
9/9/2024-3.0%3.9%6.9%
6/6/20244.4%-2.9%-1.7%
3/7/20242.3%3.6%8.2%
12/21/20236.9%7.9%-3.2%
9/7/2023-4.2%0.5%-1.7%
6/6/2023-7.9%-1.0%-5.0%
3/9/20234.5%1.4%11.5%
12/22/2022-8.4%-7.9%-3.3%
9/8/202210.8%8.5%4.8%
6/7/202222.3%24.9%20.0%
3/10/2022-10.0%-4.3%-7.1%
1/10/2022-1.2%-5.9%-13.1%
9/8/2021-1.4%-1.3%0.3%
6/8/2021-2.9%-6.3%-15.4%
3/10/2021-1.3%-7.2%-5.8%
1/11/2021-6.2%-10.0%-5.7%
9/9/20207.2%-0.5%4.0%
SUMMARY STATS   
# Positive989
# Negative151615
Median Positive6.9%5.7%6.9%
Median Negative-5.3%-6.1%-5.8%
Max Positive22.3%24.9%20.0%
Max Negative-13.3%-14.9%-23.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
04/30/202606/09/202610-Q
01/31/202603/12/202610-Q
10/31/202512/23/202510-K
07/31/202509/09/202510-Q
04/30/202506/09/202510-Q
01/31/202503/12/202510-Q
10/31/202412/23/202410-K
07/31/202409/09/202410-Q
04/30/202406/06/202410-Q
01/31/202403/07/202410-Q
10/31/202312/21/202310-K
07/31/202309/07/202310-Q
04/30/202306/06/202310-Q
01/31/202303/09/202310-Q
10/31/202212/22/202210-K
07/31/202209/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
04/30/202606/09/202610-Q
01/31/202603/12/202610-Q
10/31/202512/23/202510-K
07/31/202509/09/202510-Q
04/30/202506/09/202510-Q
01/31/202503/12/202510-Q
10/31/202412/23/202410-K
07/31/202409/09/202410-Q
04/30/202406/06/202410-Q
01/31/202403/07/202410-Q
10/31/202312/21/202310-K
07/31/202309/07/202310-Q
04/30/202306/06/202310-Q
01/31/202303/09/202310-Q
10/31/202212/22/202210-K
07/31/202209/08/202210-Q
04/30/202206/07/202210-Q
01/31/202203/10/202210-Q
10/31/202101/10/202210-K
07/31/202109/08/202110-Q
04/30/202106/08/202110-Q
01/31/202103/10/202110-Q
10/31/202001/14/202110-K
07/31/202009/09/202010-Q
04/30/202006/09/202010-Q
01/31/202003/11/202010-Q
10/31/201901/14/202010-K
07/31/201909/09/201910-Q

Recent Forward Guidance

Updated 7/27/2026

Latest: Q2 2026 Earnings Reported 6/9/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Fresh Lemon Volumes4.00 Mil4.25 Mil4.50 Mil0 AffirmedGuidance: 4.25 Mil for 2026
2026 Avocado Volumes5.50 Mil6.00 Mil6.50 Mil9.1% RaisedGuidance: 5.50 Mil for 2026

Prior: Q1 2026 Earnings Reported 3/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Insurance Proceeds 1.40 Mil    
2026 Fresh Lemon Volumes4.00 Mil4.25 Mil4.50 Mil0 AffirmedGuidance: 4.25 Mil for 2026
2026 Avocado Volumes5.00 Mil5.50 Mil6.00 Mil0 AffirmedGuidance: 5.50 Mil for 2026
2026 SG&A Savings 10.00 Mil 0 AffirmedGuidance: 10.00 Mil for 2026

Q4 2025 Earnings Reported 12/23/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Fresh Lemon Volumes4.00 Mil4.25 Mil4.50 Mil   
2026 Avocado Volumes5.00 Mil5.50 Mil6.00 Mil   
2026 Cost Savings 10.00 Mil 100.0% RaisedGuidance: 5.00 Mil for 2026

Insider Activity

Updated 8/11/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hamm, Gregory CVP, CFO and TreasurerDirectSell811202612.991,00012,9861,127,297Form
2Hamm, Gregory CVP, CFO and TreasurerDirectSell701202613.051,00013,0541,146,254Form
3Hamm, Gregory CVP, CFO and TreasurerDirectSell602202612.771,00012,766991,525Form
4Hamm, Gregory CVP, CFO and TreasurerDirectSell505202612.781,00012,7841,005,731Form
5Hamm, Gregory CVP, CFO and TreasurerDirectSell403202613.411,00013,4101,068,348Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hamm, Gregory CVP, CFO and TreasurerDirectSell811202612.991,00012,9861,127,297Form
2Hamm, Gregory CVP, CFO and TreasurerDirectSell701202613.051,00013,0541,146,254Form
3Hamm, Gregory CVP, CFO and TreasurerDirectSell602202612.771,00012,766991,525Form
4Hamm, Gregory CVP, CFO and TreasurerDirectSell505202612.781,00012,7841,005,731Form
5Hamm, Gregory CVP, CFO and TreasurerDirectSell403202613.411,00013,4101,068,348Form
6Hamm, Gregory CVP, CFO and TreasurerDirectSell303202613.971,00013,9681,126,779Form
7Slater, Scott SDirectBuy109202612.855,00064,250828,144Form
8Nolan, Peter JDirectBuy106202612.783,58045,76014,493,137Form
9Nolan, Peter JDirectBuy106202612.7316,420209,01214,387,473Form
Core Cache Last Updated: 8/18/2026