Dole plc DOLE
Dole plc is a global leader in the production, sourcing, distribution, and marketing of fresh fruits and vegetables. Our portfolio encompasses more than 300 products, which we grow and source both locally and worldwide from over 100 countries. As of December 31, 2025, we operate in 30 countries and distribute our products in more than 85 countries through retail, wholesale, foodservice and e-commerce channels. Our products are marketed under both business-to-business and business-to-consumer brands, with the most notable being the iconic DOLE® brand, which is recognized as the most trusted brand for fresh fruit and vegetables in the United States ("U.S.").
On August 5, 2025, we completed the sale of our Fresh Vegetables division to OG Holdco LLC for approximately $140.0 million (the "Vegetables Transaction"). The Vegetables Transaction included substantially all of the assets and liabilities of the former Fresh Vegetables segment. As a result, the division's results are reported as discontinued operations in our consolidated financial statements. We continue to review and pursue opportunities for growth through acquisitions and development within the fragmented produce industry.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.17B | $8.48B | $8.25B | $8.02B | $5.94B | $4.35B | $4.17B | — |
| Cost of revenue | $8.46B | $7.76B | $7.55B | $7.42B | $5.60B | $4.01B | $3.86B | — |
| Gross profit | $714.3M | $717.7M | $694.2M | $599.9M | $344.0M | $333.6M | $302.5M | — |
| R&D | $9.2M | $8.9M | $9.0M | $9.2M | $3.8M | $0 | $0 | — |
| SG&A | $495.5M | $474.1M | $473.9M | $436.2M | $323.2M | $264.8M | $254.0M | — |
| Operating income | $223.0M | $280.6M | $272.2M | $175.3M | -$8.7M | $67.1M | $47.6M | — |
| Interest expense | $66.5M | $72.3M | $81.1M | $56.4M | $25.0M | $10.5M | $12.0M | — |
| Pre-tax income | $168.2M | $239.6M | $205.9M | $135.9M | -$21.4M | $59.1M | $42.8M | — |
| Income tax | $71.0M | $75.6M | $43.6M | $25.6M | $11.0M | $18.1M | $10.3M | — |
| Net income | $51.3M | $125.5M | $124.1M | $86.5M | -$7.2M | $52.5M | $55.1M | — |
| EPS, basic | 0.54 | 1.32 | 1.31 | 0.91 | -0.10 | 0.95 | 0.99 | — |
| EPS, diluted | 0.53 | 1.32 | 1.30 | 0.91 | -0.10 | 0.94 | 0.99 | — |
| Shares, diluted (wtd. avg.) | $95.9M | $95.5M | $95.1M | $94.9M | $72.4M | $55.6M | $55.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $267.9M | $330.0M | $277.0M | $228.8M | $250.6M | $160.5M | $129.6M | $117.1M |
| Short-term investments | $6.4M | $6.0M | $5.9M | $5.4M | $6.1M | $0 | — | — |
| Receivables | $539.8M | $473.5M | $538.2M | $610.4M | $719.1M | $361.7M | — | — |
| Inventory | $509.3M | $430.2M | $378.6M | $394.1M | $410.7M | $141.2M | — | — |
| Total current assets | $1.75B | $1.84B | $1.92B | $1.61B | $1.64B | $730.4M | — | — |
| Property, plant and equipment | $1.08B | $1.12B | $1.10B | $1.12B | $1.43B | $219.7M | — | — |
| Goodwill | $434.3M | $429.6M | $513.3M | $497.5M | $511.3M | $234.2M | $221.1M | — |
| Other intangibles | $325.3M | $331.5M | $347.5M | $357.3M | $368.3M | $65.6M | $78.6M | — |
| Total assets | $4.40B | $4.45B | $4.56B | $4.59B | $4.67B | $1.89B | — | — |
| Accounts payable | $712.5M | $648.6M | $670.9M | $640.6M | $696.8M | $474.5M | — | — |
| Short-term debt | $57.7M | $80.1M | $222.9M | $97.4M | $51.8M | $20.7M | — | — |
| Total current liabilities | $1.49B | $1.57B | $1.72B | $1.46B | $1.37B | $689.9M | — | — |
| Long-term debt | $799.8M | $866.1M | $845.0M | $1.13B | $1.30B | $314.8M | — | — |
| Total liabilities | $2.89B | $3.01B | $3.14B | $3.27B | $3.42B | $1.20B | — | — |
| Retained earnings | $676.4M | $657.4M | $562.6M | $469.2M | $413.3M | $460.7M | — | — |
| Total equity | $1.36B | $1.29B | $1.39B | $1.29B | $1.21B | $657.9M | $614.0M | $583.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $123.2M | $262.7M | $298.6M | $323.6M | $20.6M | $144.6M | $75.2M | — |
| Depreciation and amortisation | $112.7M | $98.8M | $104.2M | $109.6M | $65.5M | $36.2M | $34.4M | — |
| Stock-based compensation | $6.9M | $8.0M | $6.0M | $4.5M | $815.0K | $0 | $0 | — |
| Capital expenditure | $121.5M | $82.4M | $78.0M | $85.6M | $58.6M | $23.2M | $27.0M | — |
| Investing cash flow | -$19.0M | $35.8M | $5.2M | -$54.1M | $89.6M | -$25.6M | -$42.0M | — |
| Financing cash flow | -$151.3M | -$237.8M | -$230.0M | -$173.4M | -$1.3M | -$100.6M | -$19.8M | — |
| Dividends paid | $31.6M | $30.6M | $30.4M | $30.4M | $17.1M | $11.9M | $14.9M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001857475-26-000028.
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