At a glance
Del Monte Corp is worth $1.31B, about 15 times its fiscal 2025 earnings. Revenue grew 1.0% to $4.32B in fiscal 2025, with 2.1% kept as profit; over 5 years it has grown 0.6% a year. It pays a 4.32% dividend yield, raised every year for at least 6 years, and returned $235.1M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned −16.2% over the past year with dividends reinvested and −0.5% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 19.8% in the 2020 crash (S&P 500: 33.7%) and 25.3% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high within a month and 5 months after the lows.
The business in plain English
Del Monte Corp, formerly Fresh Del Monte Produce Inc., grows, sources, ships and sells fresh fruit and vegetables, plus canned fruit and juices in Europe, Africa and the Middle East, mostly under the Del Monte brand. It says it is the largest US marketer of fresh pineapples and the third-largest of bananas. Customers include supermarkets, club stores, convenience stores, wholesalers and foodservice operators in more than 80 countries.
It is vertically integrated, meaning it controls much of the chain from farm to store: 52% of the fresh produce it sold in fiscal 2025 (ended December 26, 2025) came from farms it controls, with Costa Rica the biggest source. Margins were thin: operating profit was 3.2% of $4.32 billion in sales. Bananas brought in 34.5% of revenue. Pineapples, fresh-cut produce, avocados and prepared foods made up 60.7%, including fresh-cut at 20%, pineapples at 16% and avocados at 8%.
North America made up 58.2% of sales, followed by Europe (20.7%), the Middle East (10.2%) and Asia (8.7%). In January 2026 it won a bankruptcy auction for select Del Monte Foods assets for about $285 million plus certain liabilities. The deal covers canned vegetable, tomato and refrigerated fruit brands such as Contadina and S&W, the Joyba bubble tea brand, and global ownership of the Del Monte name, subject to existing licenses.
Price history
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DMC -16.2% over the year to Oct 29, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Other fresh produce | $2.62B | 60.7% |
| Banana | $1.49B | 34.5% |
By geography
| North America | $2.52B | 58.2% |
| Europe | $894.9M | 20.7% |
| Middle East | $441.7M | 10.2% |
| Asia | $377.2M | 8.7% |
| Other | $92.4M | 2.1% |
Latest results
- In Q3 FY2026 (ended Sep 25, 2026), revenue was $1.10B, up 7.2% from a year earlier, and net income was $18.3M.
- For fiscal 2025, revenue was $4.32B (+1.0% year over year; +0.6% a year from FY2020 to FY2025) with a 2.1% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +0.6% watch |
|---|---|
| Operating margin | 3.2% weak |
| Free cash flow margin | 4.2% watch |
| Return on equity (FY2025) | 4.5% weak |
| Return on assets (FY2025) | 3% watch |
| Net cash (cash minus debt) | $-478.5M weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $4.20B | $49.2M | $30.6M |
| FY2021 | $4.25B | $80.0M | $30.0M |
| FY2022 | $4.44B | $98.6M | $13.7M |
| FY2023 | $4.32B | $-11.4M | $120.2M |
| FY2024 | $4.28B | $142.2M | $130.8M |
| FY2025 | $4.32B | $90.7M | $181.3M |
Valuation snapshot
| Market value | $1.31B |
|---|---|
| P/E ratio | 14.8 |
| Dividend yield | 4.32% |
Rank among 1514 US companies
Market value at each year end
Del Monte’s market value went from $3.14B at the end of 2016 to $1.31B on Oct 29, 2026, down 58%; since the end of 2025 it is down 23%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 29, 2026 | $1.31B | -23.1% |
| 2025 | $1.70B | +6.9% |
| 2024 | $1.59B | +26.0% |
| 2023 | $1.26B | +0.8% |
| 2022 | $1.25B | -4.5% |
| 2021 | $1.31B | +15.1% |
| 2020 | $1.14B | -32.2% |
| 2019 | $1.68B | +23.0% |
| 2018 | $1.37B | -42.3% |
| 2017 | $2.37B | -24.5% |
| 2016 | $3.14B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| DMC price data to Oct 29, 2026 | -20.0% | -16.2% | +7.3% | -0.5% | -5.4% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -20.0% |
| 2025 | +11.2% |
| 2024 | +31.3% |
| 2023 | +3.9% |
| 2022 | -3.0% |
| 2021 | +16.5% |
| 2020 | -30.3% |
| 2019 | +24.3% |
| 2018 | -39.8% |
| 2017 | -20.4% |
| 2016 | +57.6% |
| 2015 | +17.5% |
| 2014 | +20.6% |
| 2013 | +9.5% |
| 2012 | +7.1% |
| 2011 | +1.4% |
| 2010 | +13.2% |
| 2009 | -1.4% |
| 2008 | -33.2% |
| 2007 | +125.2% |
| 2006 | -32.7% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 59% over that stretch · deepest drop along the way 66.8%, back to its old high 72.2 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Gained 15% over that stretch · deepest drop along the way 19.8%, back to its old high 0.2 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 9.7% over that stretch · deepest drop along the way 25.3%, back to its old high 4.8 months after the low |
Insider activity
Form 4 filings from 2025-10-30 to 2026-10-30 (25 read): 2 open-market purchases ($476K) and 19 sales ($1.4M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 4, 2026 | Mohammed Abbas President & COO | buy | $359K |
| Mar 6, 2026 | Ziad Nabulsi SVP, North American Operations | sell | $311K |
| Mar 6, 2026 | Gianpaolo Renino SVP Europe & Africa | sell | $261K |
| Mar 9, 2026 | Effie D Silva SVP, General Counsel & Secy | sell | $247K |
| Jun 11, 2026 | Ahmad Abu-Ghazaleh Director | buy | $118K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 11% | Jun 30, 2025 |
| Vanguard Portfolio Management | 6.12% | Mar 31, 2026 |
ETFs with the most weight in DMC
| PBJ Invesco Food & Beverage ETF | 2.9% |
| PSCC Invesco S&P SmallCap Consumer Staples ETF | 2.69% |
| RZV Invesco S&P SmallCap 600® Pure Value ETF | 1.58% |
| XSVM Invesco S&P SmallCap Value with Momentum ETF | 1.45% |
| SIXS ETC 6 Meridian Small Cap Equity ETF | 1.2% |
| SQLV Royce Quant Small‑Cap Quality Value ETF | 0.86% |
| FYT First Trust Small Cap Value AlphaDEX Fund | 0.68% |
| BSVO EA Bridgeway Omni Small-Cap Value ETF | 0.67% |
What could go wrong
- Del Monte Foods deal may disappoint. The bankruptcy purchase of Del Monte Foods' packaged brands may not deliver the expected benefits. The company planned to use cash and its credit line; debt was $499.6 million as of September 25, 2026.
- Tariffs hit its key sourcing countries. US tariffs in 2025 hit Costa Rica, Guatemala and Ecuador, its main sources for US sales, possibly hurting it more than rivals. Exemptions for Mexican-sourced goods, about 11% of North American sales, could end abruptly.
- Heavy reliance on Costa Rica and weather. Costa Rica supplied about 34% of its fresh produce sales volume and held 41% of its property, plant and equipment in 2025. Storms, drought, water shortages, crop disease or pests there could sharply cut supply.
- Thin margins and swinging fruit prices. Banana, pineapple and avocado prices swing with supply and demand, while fuel, labor, fertilizer and packaging costs are outside its control. With a 3.2% operating margin in fiscal 2025, cost increases can quickly squeeze profit.
- Powerful grocery chains squeeze prices. Grocery chains and distributors keep merging, giving buyers more bargaining power, and perishable fruit cannot wait for better prices. Losing one of its largest customers could hurt sales and profits.
- Limited say for ordinary shareholders. Its principal shareholders can significantly influence shareholder votes. It is incorporated in the Cayman Islands, where shareholders have fewer legal rights than at typical US companies, and anti-takeover provisions could deter a takeover offer.
Recent events
- Quarterly results released
- Quarterly results released
- Major agreement signed; New debt or financial obligation
- Shareholder vote results
- Quarterly results released
- Other company announcement
- Major agreement signed; Acquisition or sale of assets completed; Investor presentation or announcement
- Quarterly results released
- Major agreement signed
- Investor presentation or announcement
For income and retirement investors
Del Monte raised its regular dividend six years in a row through fiscal 2025. Dividends per share rose from $0.30 in fiscal 2020 to $1.20, about 32% a year. The payout rose even in fiscal 2023, when the company posted a net loss. The fiscal 2025 dividend used 63.3% of earnings but only 31.7% of free cash flow (cash left after capital spending), leaving some cushion. The yield was 4.32% as of October 29, 2026. Buybacks have been modest: $41.6 million over fiscal 2021–2025, against $193.5 million in dividends.
In past market downturns the stock has fallen hard: 66.8% in the 2008 financial crisis, not regaining its peak until March 2015, and 25.3% in the 2022 bear market, regained in about five months. In the 2020 COVID crash it dipped 19.8% but recovered within days. The shares fell 20% from the start of 2026 through October 29. A single stock carries more risk than a diversified fund.
Questions investors ask
How does Del Monte (DMC) make money?
Del Monte makes money by growing, sourcing, shipping and selling fresh produce to supermarkets, club stores, convenience stores, wholesalers and foodservice operators in more than 80 countries. In the fiscal year ended December 26, 2025, it had $4.32 billion in sales. Bananas brought in 34.5%, while pineapples, fresh-cut produce, avocados and prepared foods made up 60.7%. Profits were slim: net income was $90.7 million, about 2.1% of sales, so small changes in fruit prices or shipping costs matter a lot.
Does Del Monte raise its dividend every year?
It has raised its regular dividend six years in a row through fiscal 2025. Dividends per share rose from $0.30 in fiscal 2020 to $1.20. That fiscal 2025 payout used 63.3% of earnings and 31.7% of free cash flow, and the dividend yield was 4.32% as of October 29, 2026. A streak is not a promise: net income fell 36.2% in fiscal 2025, and the company agreed to a sizable acquisition in early 2026.
Is Fresh Del Monte the same company as Del Monte Foods?
No, they were separate companies, and the Del Monte brand had not been under a single owner for nearly four decades. In January 2026, Del Monte Corp (then Fresh Del Monte Produce) won a bankruptcy auction for select Del Monte Foods assets for about $285 million plus certain liabilities. These include canned vegetable, tomato and refrigerated fruit businesses, the Joyba bubble tea brand, facilities in the US, Mexico and Venezuela, and global ownership of the Del Monte brand. It expected the deal to close in the first quarter of 2026.
Where does Del Monte grow its fruit?
Mainly in Central and South America, North America and the Philippines. In 2025, 52% of the fresh produce it sold came from company-controlled farms and 48% mostly from supply contracts with independent growers. Costa Rica was the biggest source, at about 34% of fresh produce sales volume. Pineapples come mainly from Costa Rica, the Philippines and Kenya, and 81% of pineapple volume was grown on company farms. Avocados come mainly from Mexico, supplemented by growers in the US, Colombia and Peru.
What is Del Monte's (DMC) P/E ratio?
About 14.8 as of October 29, 2026. The P/E, or price-to-earnings ratio, divides the share price by earnings per share; here it uses fiscal 2025 diluted earnings of $1.88. Earnings swing widely, from a loss of $0.24 a share in fiscal 2023 to $2.96 in fiscal 2024, so one year's P/E can mislead. Revenue grew only 0.6% a year from fiscal 2020 to fiscal 2025. The market value was about $1.31 billion on that date.