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Side-by-side financial comparison of Mission Produce, Inc. (AVO) and Baldwin Insurance Group, Inc. (BWIN). Click either name above to swap in a different company.

Baldwin Insurance Group, Inc. is the larger business by last-quarter revenue ($347.3M vs $319.0M, roughly 1.1× Mission Produce, Inc.). Mission Produce, Inc. runs the higher net margin — 5.0% vs -7.5%, a 12.5% gap on every dollar of revenue. On growth, Baldwin Insurance Group, Inc. posted the faster year-over-year revenue change (5.3% vs -10.0%). Mission Produce, Inc. produced more free cash flow last quarter ($55.6M vs $-68.9M). Over the past eight quarters, Mission Produce, Inc.'s revenue compounded faster (11.0% CAGR vs -4.4%).

Produce Co., Ltd. was a Japanese video game company. Founded on April 6, 1990 by former Irem employees, it developed a number of games for both Enix and Hudson Soft. Produce! have created games for arcades and for the Super Nintendo Entertainment System, Nintendo 64, PlayStation, and PC Engine systems.

The Baldwin Piano Company is an American piano brand. It was once the largest US-based manufacturer of keyboard instruments and was known by the slogan, "America's Favorite Piano". Since 2001, it has been a subsidiary of Gibson Brands, Inc. Baldwin ceased domestic production in December 2008, moving its piano manufacturing to China.

AVO vs BWIN — Head-to-Head

Bigger by revenue
BWIN
BWIN
1.1× larger
BWIN
$347.3M
$319.0M
AVO
Growing faster (revenue YoY)
BWIN
BWIN
+15.3% gap
BWIN
5.3%
-10.0%
AVO
Higher net margin
AVO
AVO
12.5% more per $
AVO
5.0%
-7.5%
BWIN
More free cash flow
AVO
AVO
$124.5M more FCF
AVO
$55.6M
$-68.9M
BWIN
Faster 2-yr revenue CAGR
AVO
AVO
Annualised
AVO
11.0%
-4.4%
BWIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVO
AVO
BWIN
BWIN
Revenue
$319.0M
$347.3M
Net Profit
$16.0M
$-25.9M
Gross Margin
17.5%
Operating Margin
8.8%
-3.8%
Net Margin
5.0%
-7.5%
Revenue YoY
-10.0%
5.3%
Net Profit YoY
-7.5%
-28.3%
EPS (diluted)
$0.23
$-0.38

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVO
AVO
BWIN
BWIN
Q4 25
$319.0M
$347.3M
Q3 25
$357.7M
$365.4M
Q2 25
$380.3M
$378.8M
Q1 25
$334.2M
$413.4M
Q4 24
$354.4M
$329.9M
Q3 24
$324.0M
$338.9M
Q2 24
$297.6M
$339.8M
Q1 24
$258.7M
$380.4M
Net Profit
AVO
AVO
BWIN
BWIN
Q4 25
$16.0M
$-25.9M
Q3 25
$14.7M
$-18.7M
Q2 25
$3.1M
$-3.2M
Q1 25
$3.9M
$13.9M
Q4 24
$17.3M
$-20.2M
Q3 24
$12.4M
$-8.4M
Q2 24
$7.0M
$-17.6M
Q1 24
$0
$21.6M
Gross Margin
AVO
AVO
BWIN
BWIN
Q4 25
17.5%
Q3 25
12.6%
Q2 25
7.5%
Q1 25
9.4%
Q4 24
15.7%
Q3 24
11.4%
Q2 24
10.4%
Q1 24
11.1%
Operating Margin
AVO
AVO
BWIN
BWIN
Q4 25
8.8%
-3.8%
Q3 25
5.9%
0.9%
Q2 25
1.8%
7.4%
Q1 25
2.8%
13.6%
Q4 24
8.1%
-1.7%
Q3 24
5.2%
4.5%
Q2 24
4.1%
4.8%
Q1 24
3.1%
9.0%
Net Margin
AVO
AVO
BWIN
BWIN
Q4 25
5.0%
-7.5%
Q3 25
4.1%
-5.1%
Q2 25
0.8%
-0.8%
Q1 25
1.2%
3.4%
Q4 24
4.9%
-6.2%
Q3 24
3.8%
-2.5%
Q2 24
2.4%
-5.2%
Q1 24
5.7%
EPS (diluted)
AVO
AVO
BWIN
BWIN
Q4 25
$0.23
$-0.38
Q3 25
$0.21
$-0.27
Q2 25
$0.04
$-0.05
Q1 25
$0.05
$0.20
Q4 24
$0.25
$-0.31
Q3 24
$0.17
$-0.13
Q2 24
$0.10
$-0.28
Q1 24
$0.00
$0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVO
AVO
BWIN
BWIN
Cash + ST InvestmentsLiquidity on hand
$64.8M
$123.7M
Total DebtLower is stronger
$95.8M
Stockholders' EquityBook value
$587.3M
$600.2M
Total Assets
$983.0M
$3.9B
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVO
AVO
BWIN
BWIN
Q4 25
$64.8M
$123.7M
Q3 25
$43.7M
$89.7M
Q2 25
$36.7M
$105.7M
Q1 25
$40.1M
$81.8M
Q4 24
$58.0M
$90.0M
Q3 24
$49.5M
$181.8M
Q2 24
$46.2M
$208.3M
Q1 24
$39.9M
$112.1M
Total Debt
AVO
AVO
BWIN
BWIN
Q4 25
$95.8M
Q3 25
$131.5M
Q2 25
$147.2M
Q1 25
$117.9M
Q4 24
$113.7M
Q3 24
$134.4M
Q2 24
$170.2M
Q1 24
$156.1M
Stockholders' Equity
AVO
AVO
BWIN
BWIN
Q4 25
$587.3M
$600.2M
Q3 25
$568.7M
$619.7M
Q2 25
$552.3M
$630.8M
Q1 25
$550.8M
$619.6M
Q4 24
$547.3M
$583.2M
Q3 24
$527.3M
$595.4M
Q2 24
$513.3M
$590.9M
Q1 24
$505.1M
$597.9M
Total Assets
AVO
AVO
BWIN
BWIN
Q4 25
$983.0M
$3.9B
Q3 25
$1.0B
$3.8B
Q2 25
$1.0B
$3.7B
Q1 25
$997.8M
$3.5B
Q4 24
$971.5M
$3.5B
Q3 24
$959.9M
$3.5B
Q2 24
$966.9M
$3.7B
Q1 24
$937.5M
$3.5B
Debt / Equity
AVO
AVO
BWIN
BWIN
Q4 25
0.16×
Q3 25
0.23×
Q2 25
0.27×
Q1 25
0.21×
Q4 24
0.21×
Q3 24
0.25×
Q2 24
0.33×
Q1 24
0.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVO
AVO
BWIN
BWIN
Operating Cash FlowLast quarter
$67.2M
$-29.4M
Free Cash FlowOCF − Capex
$55.6M
$-68.9M
FCF MarginFCF / Revenue
17.4%
-19.9%
Capex IntensityCapex / Revenue
3.6%
11.4%
Cash ConversionOCF / Net Profit
4.20×
TTM Free Cash FlowTrailing 4 quarters
$37.2M
$-137.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVO
AVO
BWIN
BWIN
Q4 25
$67.2M
$-29.4M
Q3 25
$34.4M
$41.0M
Q2 25
$-11.8M
$-16.7M
Q1 25
$-1.2M
$-64.0M
Q4 24
$38.0M
$51.5M
Q3 24
$42.5M
$32.4M
Q2 24
$3.4M
$18.3M
Q1 24
$9.5M
$3.0M
Free Cash Flow
AVO
AVO
BWIN
BWIN
Q4 25
$55.6M
$-68.9M
Q3 25
$22.6M
$32.2M
Q2 25
$-25.0M
$-28.1M
Q1 25
$-16.0M
$-72.9M
Q4 24
$31.1M
$10.4M
Q3 24
$34.9M
$22.2M
Q2 24
$-4.4M
$7.8M
Q1 24
$-400.0K
$-5.1M
FCF Margin
AVO
AVO
BWIN
BWIN
Q4 25
17.4%
-19.9%
Q3 25
6.3%
8.8%
Q2 25
-6.6%
-7.4%
Q1 25
-4.8%
-17.6%
Q4 24
8.8%
3.2%
Q3 24
10.8%
6.6%
Q2 24
-1.5%
2.3%
Q1 24
-0.2%
-1.4%
Capex Intensity
AVO
AVO
BWIN
BWIN
Q4 25
3.6%
11.4%
Q3 25
3.3%
2.4%
Q2 25
3.5%
3.0%
Q1 25
4.4%
2.2%
Q4 24
1.9%
12.4%
Q3 24
2.3%
3.0%
Q2 24
2.6%
3.1%
Q1 24
3.8%
2.1%
Cash Conversion
AVO
AVO
BWIN
BWIN
Q4 25
4.20×
Q3 25
2.34×
Q2 25
-3.81×
Q1 25
-0.31×
-4.59×
Q4 24
2.20×
Q3 24
3.43×
Q2 24
0.49×
Q1 24
0.14×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVO
AVO

Avocado$256.9M81%
Blueberry$36.5M11%
Mango$18.7M6%
Other$6.9M2%

BWIN
BWIN

Insurance Advisory Solutions$157.9M45%
Underwriting Capacity Technology Solutions$129.5M37%
Consultingand Service Fee Revenue$20.9M6%
Policy Feeand Installment Fee Revenue$20.4M6%
Other$7.3M2%
Earned Premium$6.9M2%
Other Insurance Product Line$4.4M1%

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