# Dole plc (DOLE)

> Source: Nexqual · https://nexqual.com/DOLE · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Dole plc (DOLE), nexqual.com/DOLE" · informational, not investment advice.

**Price:** USD 13.44 (-0.59% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 13.52 · day 13.31–13.69 · 52w 12.52–16.57 · market cap $1.27B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $9.37B, net income $106M (1.1% margin), free cash flow -$184M (SEC filings).
- Valuation: P/E 12.0x (avg 15.9x at the last 3 fiscal year-ends), EV/EBITDA 5.2x, net debt $733M.
- 1 of 80 tracked superinvestors hold DOLE (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $8.6M; 0 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y +6.3% vs S&P 500 +13.4%; 5Y +3.6% vs S&P 500 +76.9%.
- Next earnings: 2026-11-09, EPS estimate USD 0.34, revenue estimate $2.35B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $8.25B | $8.48B | $9.17B | $9.37B |
| Gross profit | $694M | $718M | $714M | — |
| Operating income | $272M | $281M | $223M | $281M |
| Net income | $124M | $126M | $51.3M | $106M |
| EPS (diluted) | $1.30 | $1.32 | $0.53 | — |
| Free cash flow | $221M | $180M | $1.7M | -$184M |
| Gross margin | 8.4% | 8.5% | 7.8% | — |
| Operating margin | 3.3% | 3.3% | 2.4% | 3.0% |
| Net margin | 1.5% | 1.5% | 0.6% | 1.1% |
| Revenue growth | — | +2.8% | +8.2% | — |
| Cash + short-term investments | $277M | $336M | $274M | — |
| Total debt | — | $958M | $857M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 12.0x · P/S 0.1x · EV/EBITDA 5.2x · EV/Sales 0.2x · P/B 1.0x · FCF yield -14.47% · Earnings yield 8.36% · Dividend yield (paid, TTM) 2.55% · Buyback yield (TTM) 1.15% · Net debt $733M · EV $2.00B
P/E at fiscal year-ends: Dec 2025 28.0x, Dec 2024 10.3x, Dec 2023 9.4x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold DOLE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mason Hawkins | Southeastern Asset Management | 1.25% | $24.0M | Reduced -9.4% |

## Insider purchases (SEC Form 4, open-market, last ~7 months)
2 purchases, $8.6M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-10-20…2026-10-22 | Pale Fire Capital Se |  | 648,356 | $8.6M | 13.19 | Too little history (no open-market trades in 2023–2025) |
| 2026-10-12 | Pale Fire Capital Se |  | 5,700 | $76K | 13.28 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +6.3% | +3.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +6.3% | +0.7% |
| Volatility (annualized) | 23.5% | 26.5% |
| Max drawdown | -21.4% (Feb 2026→Oct 2026) | -51.0% (Feb 2022→Sep 2022) |

## Peers (Farm Products)
DMC (Del Monte Corporation) USD 29.51 -1.40% · AGRO (Adecoagro S.A.) USD 10.12 +2.95% · CALM (Cal-Maine Foods, Inc.) USD 62.6 -1.93% · VITL (Vital Farms, Inc.) USD 9.14 -2.87% · LND (Brasilagro Brazilian Agric Real) USD 3.6 +0.00% · AFRI (Forafric Global PLC) USD 11.82 -2.07%

## More
Full page: https://nexqual.com/DOLE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Diversified Fresh Produce - EMEA | $1.11B | 44.5% | +1.0% |
| Fresh Fruit | $972.8M | 38.9% | +0.0% |
| Diversified Fresh Produce - Americas & ROW | $440.1M | 17.6% | +13.9% |
| Total revenue | $2.50B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Diversified produce | $1.49B | 59.7% | +3.5% |
| Tropical fruit | $900.0M | 36.0% | +3.0% |
| Commercial cargo | $45.0M | 1.8% | -5.0% |
| Health foods and consumer goods | $41.7M | 1.7% | +2.0% |
| Other1 | $21.2M | 0.8% | -16.5% |
| Total revenue | $2.50B | 100% | — |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| UNITED STATES | $3.12B | 34.0% | +5.7% |
| Other Countries Not Separately Disclosed | $3.08B | 33.6% | +9.7% |
| United Kingdom | $1.04B | 11.3% | +10.6% |
| Spain | $783.2M | 8.5% | +14.0% |
| Sweden | $676.4M | 7.4% | +9.4% |
| Ireland | $476.2M | 5.2% | +0.3% |
| Total revenue | $9.17B | 100% | — |

## Company outlook (8-K filed 2026-08-10)

- "Outlook for Fiscal Year 2026 (forward-looking statement) As we move into the second half of the year, fuel and shipping costs remain elevated and geopolitical developments continue to create uncertainty."
- "We also expect to benefit from contractual pricing mechanisms and cost saving initiatives in Fresh Fruit, the effectiveness of our dynamic pricing model across the Diversified businesses, and positive returns from recent investments and development activity. 3 Taking these factors together, we are targeting full-year Adjusted EBITDA of approximately $400 million for 2026."
- "We continue to expect routine capital expenditures of approximately $100 million and interest expense of approximately $58 million for the full year."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.34 | $0.33 | +3.1% | $2.35B | 2 |
| Next quarter (ends 2026-12-31) | $0.24 | $0.25 | -4.3% | $2.47B | 2 |
| Current fiscal year (ends 2026-12-31) | $1.32 | $1.35 | -1.6% | $9.73B | 4 |
| Next fiscal year (ends 2027-12-31) | $1.48 | $1.49 | -0.3% | $9.94B | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-09): ±10.0%; last 3 reports averaged ±3.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 27 | 37.5% | ±10.0% |
| 2027-02-19 | 118 | 33.2% | ±15.6% |
| 2027-05-21 | 209 | 37.7% | ±22.3% |