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Side-by-side financial comparison of CALAVO GROWERS INC (CVGW) and IMPINJ INC (PI). Click either name above to swap in a different company.

CALAVO GROWERS INC is the larger business by last-quarter revenue ($124.7M vs $74.3M, roughly 1.7× IMPINJ INC). IMPINJ INC runs the higher net margin — 11.2% vs 3.1%, a 8.1% gap on every dollar of revenue. On growth, IMPINJ INC posted the faster year-over-year revenue change (-0.0% vs -26.6%). IMPINJ INC produced more free cash flow last quarter ($2.2M vs $1.2M). Over the past eight quarters, CALAVO GROWERS INC's revenue compounded faster (-1.2% CAGR vs -14.9%).

Calavo Growers, Inc. is an international consumer goods and farm products company. It packages, and distributes avocados and other fruits, as well as their fresh prepared food to restaurants, stores, and individual customers worldwide.

Impinj, Inc. is an American manufacturer of radio-frequency identification (RFID) devices and software. The company was founded in 2000 and is headquartered in Seattle, Washington. The company was started based on the research done at the California Institute of Technology by Carver Mead and Chris Diorio. Impinj currently produces EPC Class 1, Gen 2 passive UHF RFID chips, RFID readers, RFID reader chips, and RFID antennas, and software applications for encoding chips, and gathering business ...

CVGW vs PI — Head-to-Head

Bigger by revenue
CVGW
CVGW
1.7× larger
CVGW
$124.7M
$74.3M
PI
Growing faster (revenue YoY)
PI
PI
+26.6% gap
PI
-0.0%
-26.6%
CVGW
Higher net margin
PI
PI
8.1% more per $
PI
11.2%
3.1%
CVGW
More free cash flow
PI
PI
$1.0M more FCF
PI
$2.2M
$1.2M
CVGW
Faster 2-yr revenue CAGR
CVGW
CVGW
Annualised
CVGW
-1.2%
-14.9%
PI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CVGW
CVGW
PI
PI
Revenue
$124.7M
$74.3M
Net Profit
$3.8M
$8.3M
Gross Margin
9.3%
49.1%
Operating Margin
-1.4%
30.5%
Net Margin
3.1%
11.2%
Revenue YoY
-26.6%
-0.0%
Net Profit YoY
2846.0%
EPS (diluted)
$0.22
$0.14

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
CVGW
CVGW
PI
PI
Q1 26
$74.3M
Q4 25
$124.7M
$92.8M
Q3 25
$178.8M
$96.1M
Q2 25
$190.5M
$97.9M
Q1 25
$154.4M
$74.3M
Q4 24
$170.0M
$91.6M
Q3 24
$179.6M
$95.2M
Q2 24
$184.4M
$102.5M
Net Profit
CVGW
CVGW
PI
PI
Q1 26
$8.3M
Q4 25
$3.8M
$-1.1M
Q3 25
$4.7M
$-12.8M
Q2 25
$6.8M
$11.6M
Q1 25
$4.4M
$-8.5M
Q4 24
$-139.0K
$-2.7M
Q3 24
$-732.0K
$221.0K
Q2 24
$6.1M
$10.0M
Gross Margin
CVGW
CVGW
PI
PI
Q1 26
49.1%
Q4 25
9.3%
51.8%
Q3 25
10.2%
50.3%
Q2 25
9.5%
57.8%
Q1 25
10.2%
49.4%
Q4 24
9.7%
50.5%
Q3 24
11.2%
50.0%
Q2 24
11.1%
56.1%
Operating Margin
CVGW
CVGW
PI
PI
Q1 26
30.5%
Q4 25
-1.4%
-2.9%
Q3 25
4.8%
0.7%
Q2 25
4.0%
11.1%
Q1 25
3.3%
-12.9%
Q4 24
1.8%
-3.9%
Q3 24
5.2%
-0.8%
Q2 24
4.0%
8.8%
Net Margin
CVGW
CVGW
PI
PI
Q1 26
11.2%
Q4 25
3.1%
-1.2%
Q3 25
2.6%
-13.3%
Q2 25
3.6%
11.8%
Q1 25
2.9%
-11.4%
Q4 24
-0.1%
-2.9%
Q3 24
-0.4%
0.2%
Q2 24
3.3%
9.7%
EPS (diluted)
CVGW
CVGW
PI
PI
Q1 26
$0.14
Q4 25
$0.22
$-0.02
Q3 25
$0.26
$-0.44
Q2 25
$0.38
$0.39
Q1 25
$0.25
$-0.30
Q4 24
$-0.01
$-0.06
Q3 24
$-0.04
$0.01
Q2 24
$0.34
$0.34

Balance Sheet & Financial Strength

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

Metric
CVGW
CVGW
PI
PI
Cash + ST InvestmentsLiquidity on hand
$61.2M
$131.8M
Total DebtLower is stronger
$241.5M
Stockholders' EquityBook value
$206.9M
Total Assets
$292.2M
$502.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGW
CVGW
PI
PI
Q1 26
$131.8M
Q4 25
$61.2M
$175.3M
Q3 25
$63.8M
$190.1M
Q2 25
$60.4M
$193.2M
Q1 25
$48.5M
$147.9M
Q4 24
$57.0M
$164.7M
Q3 24
$1.1M
$170.3M
Q2 24
$4.3M
$220.2M
Total Debt
CVGW
CVGW
PI
PI
Q1 26
$241.5M
Q4 25
$280.9M
Q3 25
$280.4M
Q2 25
Q1 25
Q4 24
$283.5M
Q3 24
Q2 24
Stockholders' Equity
CVGW
CVGW
PI
PI
Q1 26
Q4 25
$206.9M
$209.2M
Q3 25
$206.4M
$195.0M
Q2 25
$206.6M
$187.7M
Q1 25
$202.9M
$160.6M
Q4 24
$200.3M
$149.9M
Q3 24
$205.2M
$136.1M
Q2 24
$207.3M
$117.0M
Total Assets
CVGW
CVGW
PI
PI
Q1 26
$502.5M
Q4 25
$292.2M
$545.2M
Q3 25
$301.2M
$516.5M
Q2 25
$321.5M
$508.8M
Q1 25
$298.9M
$479.8M
Q4 24
$301.1M
$489.1M
Q3 24
$382.4M
$476.4M
Q2 24
$411.4M
$446.1M
Debt / Equity
CVGW
CVGW
PI
PI
Q1 26
Q4 25
1.34×
Q3 25
1.44×
Q2 25
Q1 25
Q4 24
1.89×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
CVGW
CVGW
PI
PI
Operating Cash FlowLast quarter
$2.3M
Free Cash FlowOCF − Capex
$1.2M
$2.2M
FCF MarginFCF / Revenue
1.0%
3.0%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
0.60×
TTM Free Cash FlowTrailing 4 quarters
$19.4M
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGW
CVGW
PI
PI
Q1 26
Q4 25
$2.3M
$15.1M
Q3 25
$8.0M
$20.9M
Q2 25
$15.7M
$33.9M
Q1 25
$-4.4M
$-11.1M
Q4 24
$10.8M
$12.6M
Q3 24
$11.4M
$10.1M
Q2 24
$2.1M
$45.5M
Free Cash Flow
CVGW
CVGW
PI
PI
Q1 26
$2.2M
Q4 25
$1.2M
$13.6M
Q3 25
$7.3M
$18.0M
Q2 25
$15.6M
$27.3M
Q1 25
$-4.7M
$-13.0M
Q4 24
$10.5M
$8.5M
Q3 24
$11.3M
$4.7M
Q2 24
$745.0K
$44.1M
FCF Margin
CVGW
CVGW
PI
PI
Q1 26
3.0%
Q4 25
1.0%
14.7%
Q3 25
4.1%
18.7%
Q2 25
8.2%
27.9%
Q1 25
-3.1%
-17.5%
Q4 24
6.2%
9.3%
Q3 24
6.3%
4.9%
Q2 24
0.4%
43.0%
Capex Intensity
CVGW
CVGW
PI
PI
Q1 26
Q4 25
0.9%
1.6%
Q3 25
0.4%
3.1%
Q2 25
0.1%
6.7%
Q1 25
0.2%
2.5%
Q4 24
0.2%
4.5%
Q3 24
0.1%
5.7%
Q2 24
0.7%
1.3%
Cash Conversion
CVGW
CVGW
PI
PI
Q1 26
Q4 25
0.60×
Q3 25
1.69×
Q2 25
2.29×
2.93×
Q1 25
-1.00×
Q4 24
Q3 24
45.56×
Q2 24
0.35×
4.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVGW
CVGW

Fresh Products$104.7M84%
Segment Prepared$14.5M12%
Tomatoes$4.6M4%

PI
PI

Segment breakdown not available.

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