Limoneira CoLimoneira Co
Limoneira Co

Limoneira Co

LMNR
Consumer Staples·Food Products

Limoneira Co. is an agribusiness and real estate development company, which engages in the innovation of the agricultural citrus industry in California. It operates through the following segments: Fresh Lemons, Lemon Packing, Avocados, and Other Agribusiness. The Fresh Lemons segments focuses on the sale of fresh lemons, lemon by-products, brokered fruit and other lemon revenue. The Lemon Packing segment is involved in packing revenues and shipping and handling revenues relative to lemon packing. The Avocados segment includes sales, farming and harvest costs. The Other Agribusiness segment engages in sales, farming and harvest costs and brokered fruit costs of oranges, specialty citrus and other crops. The company was founded by Nathan W. Blanchard and Wallace L. Hardison in 1893 and is headquartered in Santa Paula, CA.

California; U.S.A
Market cap
No dataNo data
Revenue
$159.7M−16.6% YoY
Net income
$-16M−307.1% YoY
Free cash flow
$-19.5M−331.6% YoY

Market

Listed stock
LMNRPriceNasdaq
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Financial performance

Revenue
$159.7M−16.6% YoY
Operating income
$-20.4M−230.3% YoY
Net income
$-16M−307.1% YoY
Free cash flow
$-19.5M−331.6% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $166M, 2022 $184.6M, 2023 $179.9M, 2024 $191.5M, 2025 $159.7M. Operating income: 2021 $-6.3M, 2022 $2.2M, 2023 $10.8M, 2024 $-6.2M, 2025 $-20.4M. Net income: 2021 $-3.4M, 2022 $-236K, 2023 $9.4M, 2024 $7.7M, 2025 $-16M. Free cash flow: 2021 $9.6M, 2022 $4.8M, 2023 $-26.2M, 2024 $8.4M, 2025 $-19.5M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-16.6%−2304 bps YoY
Gross margin
No dataNo data
Operating margin
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FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-10-31 $-6.3M, 2022-10-31 $2.2M, 2023-10-31 $10.8M, 2024-10-31 $-6.2M, 2025-10-31 $-20.4M. Net income: 2021-10-31 $-3.4M, 2022-10-31 $-236K, 2023-10-31 $9.4M, 2024-10-31 $7.7M, 2025-10-31 $-16M. Free cash flow: 2021-10-31 $9.6M, 2022-10-31 $4.8M, 2023-10-31 $-26.2M, 2024-10-31 $8.4M, 2025-10-31 $-19.5M

Growth heatmap

2022202320242025CAGR
Revenue
+11.2%
-2.5%
+6.4%
-16.6%
-1.0%
Gross profit
+36.6%
-55.2%
+148.8%
-81.6%
-27.2%
Operating income
+134.8%
+389.9%
-157.3%
-230.3%
No data
Free cash flow
-50.4%
-649.4%
+132.2%
-331.6%
No data

Earnings quality

Operating cash flow
$-6M−133.7% YoY
Net income
$-16M−307.1% YoY
Free cash flow
$-19.5M−331.6% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-10-31 38%, 2024-10-31 231%, 2023-10-31 -169%, 2022-10-31 -6284%, 2021-10-31 -279%. Free cash flow: 2025-10-31 122%, 2024-10-31 109%, 2023-10-31 -278%, 2022-10-31 -2019%, 2021-10-31 -279%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
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FCF / share
Latest
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
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Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
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Free cash flow yield
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