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

Mission Produce, Inc. is the larger business by last-quarter revenue ($319.0M vs $295.5M, roughly 1.1× Duolingo, Inc.). Duolingo, Inc. runs the higher net margin — 11.9% vs 5.0%, a 6.9% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (27.0% vs -10.0%). Duolingo, Inc. produced more free cash flow last quarter ($103.0M vs $55.6M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (28.7% CAGR vs 11.0%).

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.

Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.

AVO vs DUOL — Head-to-Head

Bigger by revenue
AVO
AVO
1.1× larger
AVO
$319.0M
$295.5M
DUOL
Growing faster (revenue YoY)
DUOL
DUOL
+37.0% gap
DUOL
27.0%
-10.0%
AVO
Higher net margin
DUOL
DUOL
6.9% more per $
DUOL
11.9%
5.0%
AVO
More free cash flow
DUOL
DUOL
$47.4M more FCF
DUOL
$103.0M
$55.6M
AVO
Faster 2-yr revenue CAGR
DUOL
DUOL
Annualised
DUOL
28.7%
11.0%
AVO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVO
AVO
DUOL
DUOL
Revenue
$319.0M
$295.5M
Net Profit
$16.0M
$35.1M
Gross Margin
17.5%
55.5%
Operating Margin
8.8%
8.0%
Net Margin
5.0%
11.9%
Revenue YoY
-10.0%
27.0%
Net Profit YoY
-7.5%
24.0%
EPS (diluted)
$0.23
$0.72

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
DUOL
DUOL
Q1 26
$295.5M
Q4 25
$319.0M
$282.9M
Q3 25
$357.7M
$271.7M
Q2 25
$380.3M
$252.3M
Q1 25
$334.2M
$230.7M
Q4 24
$354.4M
$209.6M
Q3 24
$324.0M
$192.6M
Q2 24
$297.6M
$178.3M
Net Profit
AVO
AVO
DUOL
DUOL
Q1 26
$35.1M
Q4 25
$16.0M
$42.0M
Q3 25
$14.7M
$292.2M
Q2 25
$3.1M
$44.8M
Q1 25
$3.9M
$35.1M
Q4 24
$17.3M
$13.9M
Q3 24
$12.4M
$23.4M
Q2 24
$7.0M
$24.4M
Gross Margin
AVO
AVO
DUOL
DUOL
Q1 26
55.5%
Q4 25
17.5%
72.8%
Q3 25
12.6%
72.5%
Q2 25
7.5%
72.4%
Q1 25
9.4%
71.1%
Q4 24
15.7%
71.9%
Q3 24
11.4%
72.9%
Q2 24
10.4%
73.4%
Operating Margin
AVO
AVO
DUOL
DUOL
Q1 26
8.0%
Q4 25
8.8%
15.4%
Q3 25
5.9%
12.9%
Q2 25
1.8%
13.2%
Q1 25
2.8%
10.2%
Q4 24
8.1%
6.6%
Q3 24
5.2%
7.0%
Q2 24
4.1%
10.5%
Net Margin
AVO
AVO
DUOL
DUOL
Q1 26
11.9%
Q4 25
5.0%
14.8%
Q3 25
4.1%
107.5%
Q2 25
0.8%
17.8%
Q1 25
1.2%
15.2%
Q4 24
4.9%
6.6%
Q3 24
3.8%
12.1%
Q2 24
2.4%
13.7%
EPS (diluted)
AVO
AVO
DUOL
DUOL
Q1 26
$0.72
Q4 25
$0.23
$0.99
Q3 25
$0.21
$5.95
Q2 25
$0.04
$0.91
Q1 25
$0.05
$0.72
Q4 24
$0.25
$0.31
Q3 24
$0.17
$0.49
Q2 24
$0.10
$0.51

Balance Sheet & Financial Strength

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

Metric
AVO
AVO
DUOL
DUOL
Cash + ST InvestmentsLiquidity on hand
$64.8M
$1.1B
Total DebtLower is stronger
$95.8M
Stockholders' EquityBook value
$587.3M
$1.3B
Total Assets
$983.0M
$2.0B
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVO
AVO
DUOL
DUOL
Q1 26
$1.1B
Q4 25
$64.8M
$1.0B
Q3 25
$43.7M
$1.0B
Q2 25
$36.7M
$976.2M
Q1 25
$40.1M
$884.0M
Q4 24
$58.0M
$785.8M
Q3 24
$49.5M
$854.4M
Q2 24
$46.2M
$888.2M
Total Debt
AVO
AVO
DUOL
DUOL
Q1 26
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
Stockholders' Equity
AVO
AVO
DUOL
DUOL
Q1 26
$1.3B
Q4 25
$587.3M
$1.3B
Q3 25
$568.7M
$1.3B
Q2 25
$552.3M
$977.0M
Q1 25
$550.8M
$893.8M
Q4 24
$547.3M
$824.5M
Q3 24
$527.3M
$822.5M
Q2 24
$513.3M
$766.9M
Total Assets
AVO
AVO
DUOL
DUOL
Q1 26
$2.0B
Q4 25
$983.0M
$2.0B
Q3 25
$1.0B
$1.9B
Q2 25
$1.0B
$1.5B
Q1 25
$997.8M
$1.4B
Q4 24
$971.5M
$1.3B
Q3 24
$959.9M
$1.2B
Q2 24
$966.9M
$1.1B
Debt / Equity
AVO
AVO
DUOL
DUOL
Q1 26
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×

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
DUOL
DUOL
Operating Cash FlowLast quarter
$67.2M
$105.6M
Free Cash FlowOCF − Capex
$55.6M
$103.0M
FCF MarginFCF / Revenue
17.4%
34.9%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
4.20×
3.01×
TTM Free Cash FlowTrailing 4 quarters
$37.2M
$368.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVO
AVO
DUOL
DUOL
Q1 26
$105.6M
Q4 25
$67.2M
$107.3M
Q3 25
$34.4M
$84.2M
Q2 25
$-11.8M
$90.7M
Q1 25
$-1.2M
$105.6M
Q4 24
$38.0M
$83.3M
Q3 24
$42.5M
$56.3M
Q2 24
$3.4M
$62.4M
Free Cash Flow
AVO
AVO
DUOL
DUOL
Q1 26
$103.0M
Q4 25
$55.6M
$96.6M
Q3 25
$22.6M
$79.4M
Q2 25
$-25.0M
$89.5M
Q1 25
$-16.0M
$104.3M
Q4 24
$31.1M
$81.4M
Q3 24
$34.9M
$53.1M
Q2 24
$-4.4M
$56.8M
FCF Margin
AVO
AVO
DUOL
DUOL
Q1 26
34.9%
Q4 25
17.4%
34.1%
Q3 25
6.3%
29.2%
Q2 25
-6.6%
35.5%
Q1 25
-4.8%
45.2%
Q4 24
8.8%
38.8%
Q3 24
10.8%
27.6%
Q2 24
-1.5%
31.9%
Capex Intensity
AVO
AVO
DUOL
DUOL
Q1 26
Q4 25
3.6%
3.8%
Q3 25
3.3%
1.8%
Q2 25
3.5%
0.5%
Q1 25
4.4%
0.6%
Q4 24
1.9%
0.9%
Q3 24
2.3%
1.7%
Q2 24
2.6%
3.1%
Cash Conversion
AVO
AVO
DUOL
DUOL
Q1 26
3.01×
Q4 25
4.20×
2.56×
Q3 25
2.34×
0.29×
Q2 25
-3.81×
2.02×
Q1 25
-0.31×
3.01×
Q4 24
2.20×
5.99×
Q3 24
3.43×
2.41×
Q2 24
0.49×
2.56×

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%

DUOL
DUOL

Bookings$283.5M96%
Other$12.0M4%

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