REV Group (REVG) Financials

$63.90 0.00 (0.00%)

As of 05/11/2026

Annual Income Statements for REV Group

This table shows REV Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2015	10/29/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Net Income / (Loss) Attributable to Common Shareholders	23	30	94	13	-25	-31	44	15	45	258	95
Consolidated Net Income / (Loss)	23	30	31	13	-13	-31	44	15	45	258	95
Net Income / (Loss) Continuing Operations	23	30	31	13	-13	-31	44	15	45	258	95
Total Pre-Tax Income	35	43	50	2.20	-17	-46	56	20	58	340	118
Total Operating Income	62	72	83	28	16	-18	84	37	89	80	182
Total Gross Profit	182	230	295	278	252	228	291	248	316	297	370
Total Revenue	1,735	1,926	2,268	2,381	2,404	2,278	2,381	2,332	2,638	2,380	2,464
Operating Revenue	1,735	1,926	2,268	2,381	2,404	2,278	2,381	2,332	2,638	2,380	2,464
Total Cost of Revenue	1,553	1,696	1,973	2,103	2,152	2,050	2,090	2,084	2,322	2,083	2,094
Operating Cost of Revenue	1,553	1,696	1,973	2,103	2,152	2,050	2,090	2,084	2,322	2,083	2,094
Total Operating Expenses	120	158	212	250	236	246	207	211	228	218	188
Selling, General & Admin Expense	102	140	188	183	199	205	193	194	228	191	188
Impairment Charge	-	-	-	36	8.90	12	1.50	0.00	0.00	15	0.00
Restructuring Charge	3.87	3.50	4.50	7.20	5.70	9.90	2.50	9.40	0.00	12	0.00
Total Other Income / (Expense), net	-27	-29	-33	-26	-33	-28	-28	-17	-30	261	-65
Interest Expense	27	29	33	26	33	26	19	17	29	29	25
Interest & Investment Income	-	-	-	-	-	0.00	-6.20	0.00	0.00	0.00	0.00
Other Income / (Expense), net	-	-	-	0.00	0.00	-2.50	-3.20	-0.10	-1.80	289	-40
Income Tax Expense	12	13	19	-11	-3.50	-16	11	4.60	13	83	22
Basic Earnings per Share	$0.43	$0.59	$0.52	$0.20	($0.20)	($0.48)	$0.70	$0.25	$0.77	$4.79	$1.92
Weighted Average Basic Shares Outstanding	-	-	60.74M	63.97M	62.32M	63.60M	65.02M	59.86M	59.51M	52.13M	48.81M
Diluted Earnings per Share	$0.43	$0.58	$0.50	$0.20	($0.20)	($0.48)	$0.69	$0.25	$0.77	$4.72	$1.89
Weighted Average Diluted Shares Outstanding	-	-	60.74M	63.97M	62.32M	63.60M	65.02M	59.86M	59.51M	52.13M	48.81M
Weighted Average Basic & Diluted Shares Outstanding	-	-	60.74M	63.97M	62.32M	63.60M	65.02M	59.86M	59.51M	52.13M	48.81M
Cash Dividends to Common per Share	-	-	$0.15	$0.20	$0.20	$0.10	$0.10	$0.20	$0.20	$3.20	$0.24

This table shows REV Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025
Net Income / (Loss) Attributable to Common Shareholders	14	15	30	183	15	18	42	18	19	29	29
Consolidated Net Income / (Loss)	14	15	30	183	15	18	42	18	19	29	29
Net Income / (Loss) Continuing Operations	14	15	30	183	15	18	42	18	19	29	29
Total Pre-Tax Income	20	18	38	244	18	22	56	22	13	41	41
Total Operating Income	29	26	45	-6.50	23	29	35	28	50	57	48
Total Gross Profit	83	80	96	63	77	78	79	70	96	102	103
Total Revenue	681	680	693	586	617	579	598	525	629	645	664
Operating Revenue	681	680	693	586	617	579	598	525	629	645	664
Total Cost of Revenue	599	600	598	523	540	501	519	455	533	543	562
Operating Cost of Revenue	599	600	598	523	540	501	519	455	533	543	562
Total Operating Expenses	54	55	50	69	54	50	44	42	46	45	55
Selling, General & Admin Expense	53	54	50	55	51	43	41	41	46	45	56
Total Other Income / (Expense), net	-9.00	-7.30	-6.80	251	-5.00	-6.20	21	-6.00	-36	-16	-6.30
Interest Expense	7.40	7.30	6.80	6.80	6.50	7.60	7.60	6.00	6.40	6.40	6.30
Income Tax Expense	5.80	3.50	8.70	62	2.70	4.40	14	3.80	-5.70	12	12
Basic Earnings per Share	$0.24	$0.25	$0.51	$3.09	$0.29	$0.35	$1.06	$0.35	$0.38	$0.60	$0.59
Weighted Average Basic Shares Outstanding	59.50M	59.31M	59.51M	51.80M	51.91M	52.00M	52.13M	51.68M	48.80M	48.80M	48.81M
Diluted Earnings per Share	$0.24	$0.25	$0.51	$3.06	$0.28	$0.35	$1.03	$0.35	$0.38	$0.59	$0.57
Weighted Average Diluted Shares Outstanding	59.50M	59.31M	59.51M	51.80M	51.91M	52.00M	52.13M	51.68M	48.80M	48.80M	48.81M
Weighted Average Basic & Diluted Shares Outstanding	59.50M	59.31M	59.51M	51.80M	51.91M	52.00M	52.13M	51.68M	48.80M	48.80M	48.81M
Cash Dividends to Common per Share	$0.05	$0.05	$0.05	$3.05	$0.05	$0.05	$0.05	$0.06	$0.06	$0.06	$0.06

This table details how cash moves in and out of REV Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2015	10/29/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Net Change in Cash & Equivalents	-7.55	5.90	7.00	-5.90	-8.60	8.10	1.90	7.10	0.90	3.30	10
Net Cash From Operating Activities	26	76	33	-19	53	56	158	92	127	53	241
Net Cash From Continuing Operating Activities	26	76	33	-19	53	56	158	92	127	53	241
Net Income / (Loss) Continuing Operations	23	30	31	13	-13	-31	44	15	45	258	95
Consolidated Net Income / (Loss)	23	30	31	13	-13	-31	44	15	45	258	95
Depreciation Expense	19	25	38	46	46	40	32	32	26	25	26
Non-Cash Adjustments To Reconcile Net Income	3.27	19	37	39	14	21	19	8.80	16	-262	52
Changes in Operating Assets and Liabilities, net	-22	-1.50	-75	-119	3.70	22	61	35	40	33	68
Net Cash From Investing Activities	-16	-84	-229	-120	0.20	1.70	-10	-15	-30	349	-50
Net Cash From Continuing Investing Activities	-16	-84	-229	-120	0.20	1.70	-10	-15	-30	349	-50
Purchase of Property, Plant & Equipment	-15	-38	-54	-41	-21	-14	-25	-25	-33	-28	-51
Sale of Property, Plant & Equipment	-	2.30	6.60	8.70	20	11	13	8.20	1.70	4.50	3.80
Divestitures	-	-	-	0.00	4.50	55	2.00	0.00	0.60	372	0.00
Other Investing Activities, net	-0.19	-11	-25	-20	-3.00	-3.30	-	1.80	0.60	0.00	-3.00
Net Cash From Financing Activities	-18	15	203	133	-61	-49	-146	-70	-96	-399	-181
Net Cash From Continuing Financing Activities	-18	15	203	133	-61	-49	-146	-70	-96	-399	-181
Repayment of Debt	-14	-25	-198	-2.00	-92	-41	-313	2.40	2.30	-4.00	-10
Repurchase of Common Equity	-5.46	-22	-	-53	-8.30	0.00	-3.90	-70	0.00	-126	-108
Payment of Dividends	-0.19	-	-6.40	-13	-13	-9.50	-6.60	-12	-12	-192	-13
Issuance of Debt	0.05	62	151	192	51	0.00	175	15	-80	-65	-45
Other Financing Activities, net	-	-	256	9.50	0.60	0.80	2.00	-4.70	-5.90	-12	-4.80
Cash Interest Paid	25	26	27	23	30	23	15	12	24	24	18
Cash Income Taxes Paid	18	5.80	11	16	-9.10	5.50	3.80	-13	8.80	108	45

This table details how cash moves in and out of REV Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025
Net Change in Cash & Equivalents	-14	2.00	10	67	-50	12	-26	7.00	-2.80	7.20	-1.30
Net Cash From Operating Activities	15	65	53	-70	40	14	69	-13	117	60	77
Net Cash From Continuing Operating Activities	15	65	53	-70	40	14	69	-13	117	60	77
Net Income / (Loss) Continuing Operations	14	15	30	183	15	18	42	18	19	29	29
Consolidated Net Income / (Loss)	14	15	30	183	15	18	42	18	19	29	29
Depreciation Expense	6.50	6.30	6.50	6.50	6.50	6.40	6.00	6.00	6.10	6.00	7.90
Non-Cash Adjustments To Reconcile Net Income	2.70	1.10	5.80	-242	1.50	2.40	-24	2.60	33	13	3.20
Changes in Operating Assets and Liabilities, net	-7.90	43	11	-17	17	-12	45	-40	59	12	37
Net Cash From Investing Activities	-5.90	-9.10	-12	298	4.20	-0.10	47	-4.80	-11	-9.80	-25
Net Cash From Continuing Investing Activities	-5.90	-9.10	-12	298	4.20	-0.10	47	-4.80	-11	-9.80	-25
Purchase of Property, Plant & Equipment	-6.80	-9.10	-13	-11	-5.90	-5.90	-5.30	-4.90	-11	-12	-23
Other Investing Activities, net	0.50	-	-0.50	0.00	0.10	4.40	-4.50	0.10	0.30	1.80	-5.20
Net Cash From Financing Activities	-23	-54	-31	-161	-94	-2.00	-141	25	-109	-43	-54
Net Cash From Continuing Financing Activities	-23	-54	-31	-161	-94	-2.00	-141	25	-109	-43	-54
Repayment of Debt	-0.20	-0.10	7.00	-8.30	-5.50	6.10	3.70	-7.00	-7.20	-0.30	4.10
Payment of Dividends	-3.00	-3.00	-3.00	-3.10	-182	-3.10	-3.40	-3.90	-3.10	-3.00	-2.90
Issuance of Debt	-20	-51	-29	-150	220	-5.00	-130	55	-10	-40	-50
Cash Interest Paid	6.90	6.10	5.70	6.20	5.10	6.50	6.00	4.70	4.10	4.60	4.40
Cash Income Taxes Paid	0.60	6.40	1.80	6.80	36	27	39	0.00	17	15	13

This table presents REV Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/29/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Total Assets	889	1,254	1,408	1,347	1,312	1,238	1,345	1,410	1,213	1,200
Total Current Assets	530	727	843	809	812	761	888	933	807	778
Cash & Equivalents	11	18	12	3.30	11	13	20	21	25	35
Accounts Receivable	181	243	267	254	229	213	215	227	152	168
Inventories, net	326	452	514	513	537	482	630	658	603	527
Prepaid Expenses	-	-	-	-	-	-	-	28	27	48
Other Current Assets	12	13	24	19	34	53	24	0.00	0.00	0.00
Plant, Property, & Equipment, net	146	217	214	202	168	158	149	160	130	158
Total Noncurrent Assets	213	311	351	336	332	320	307	318	276	265
Goodwill	85	133	162	160	157	157	157	157	138	138
Intangible Assets	124	168	175	160	136	126	119	116	95	86
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	0.00	5.40	9.70
Other Noncurrent Operating Assets	4.32	9.40	14	17	39	36	31	45	38	31
Total Liabilities & Shareholders' Equity	889	1,254	1,408	1,347	1,312	1,238	1,345	1,410	1,213	1,200
Total Liabilities	629	682	876	842	840	720	888	912	778	784
Total Current Liabilities	332	410	417	436	447	437	527	557	469	515
Accounts Payable	129	217	218	201	170	116	164	208	189	195
Accrued Expenses	23	26	19	16	24	22	19	23	20	26
Current Deferred Revenue	88	96	118	130	170	211	258	215	158	171
Current Employee Benefit Liabilities	-	-	-	-	-	-	-	47	34	40
Other Current Liabilities	92	70	56	70	82	88	87	64	69	83
Total Noncurrent Liabilities	297	272	459	406	393	283	361	355	309	268
Long-Term Debt	256	229	421	377	341	215	230	150	85	40
Noncurrent Deferred Revenue	-	-	-	-	-	0.00	75	143	160	168
Other Noncurrent Operating Liabilities	24	20	18	14	49	46	35	54	64	61
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	238	573	532	505	472	519	456	498	435	416
Total Preferred & Common Equity	238	573	531	505	472	519	456	498	435	416
Preferred Stock	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	238	573	531	505	472	519	456	498	435	416
Common Stock	206	532	492	491	496	502	437	445	317	216
Retained Earnings	32	40	41	16	-21	17	20	53	118	201
Accumulated Other Comprehensive Income / (Loss)	0.04	-	-1.40	-1.70	-2.80	-0.10	0.30	0.20	0.20	0.20

This table presents REV Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	7/31/2022	1/31/2023	4/30/2023	7/31/2023	1/31/2024	4/30/2024	7/31/2024	1/31/2025	4/30/2025	7/31/2025
Total Assets	1,332	1,402	1,393	1,380	1,421	1,330	1,335	1,242	1,228	1,219
Total Current Assets	876	941	924	907	989	905	914	840	832	815
Cash & Equivalents	15	23	9.00	11	88	38	51	32	29	36
Accounts Receivable	224	219	240	211	224	211	201	185	201	196
Inventories, net	599	672	654	644	650	630	632	602	566	549
Other Current Assets	32	28	22	41	27	26	30	22	36	34
Plant, Property, & Equipment, net	146	147	148	153	153	150	147	130	133	140
Total Noncurrent Assets	310	313	320	320	279	275	273	272	263	264
Goodwill	157	157	157	157	139	138	138	138	137	138
Intangible Assets	121	118	117	116	99	98	96	95	86	86
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	3.70	8.00	8.20
Other Noncurrent Operating Assets	32	38	46	46	42	39	40	36	32	32
Total Liabilities & Shareholders' Equity	1,332	1,402	1,393	1,380	1,421	1,330	1,335	1,242	1,228	1,219
Total Liabilities	884	961	939	911	925	951	940	813	870	832
Total Current Liabilities	575	523	536	548	733	519	493	435	500	500
Accounts Payable	159	187	186	193	165	190	197	170	222	216
Accrued Expenses	21	19	20	22	20	16	16	19	18	22
Dividends Payable	-	-	-	-	179	0.00	0.00	0.00	0.00	0.00
Current Deferred Revenue	311	227	244	237	217	177	155	152	160	155
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	66	36	0.00	0.00	0.00	0.00
Current Employee Benefit Liabilities	-	-	-	-	-	-	-	23	28	34
Other Current Liabilities	84	89	86	97	86	100	126	70	61	73
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	12	0.00
Total Noncurrent Liabilities	310	438	404	363	192	432	447	379	369	332
Long-Term Debt	250	250	230	179	0.00	220	215	140	130	90
Noncurrent Deferred Revenue	-	124	101	112	129	150	159	175	178	183
Noncurrent Deferred & Payable Income Tax Liabilities	24	22	22	19	8.90	9.90	8.80	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	36	42	51	53	54	52	64	64	62	59
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	448	441	453	469	496	380	395	429	358	387
Total Preferred & Common Equity	448	441	453	469	496	380	395	429	358	387
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	448	441	453	469	496	380	395	429	358	387
Common Stock	434	438	439	443	443	315	315	296	209	213
Retained Earnings	14	2.90	14	26	53	65	80	133	149	175
Accumulated Other Comprehensive Income / (Loss)	0.10	-0.20	-0.20	-0.20	0.00	0.00	0.00	0.60	0.00	0.10

This table displays calculated financial ratios and metrics derived from REV Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2015	10/29/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	11.00%	17.75%	5.00%	0.94%	-5.25%	4.53%	-2.07%	13.14%	-9.77%	3.50%
EBITDA Growth	0.00%	19.33%	22.52%	-38.15%	-15.98%	-64.94%	413.90%	-39.79%	63.77%	248.94%	-57.24%
EBIT Growth	0.00%	16.62%	14.23%	-66.38%	-42.81%	-228.30%	495.10%	-54.47%	136.51%	325.00%	-61.34%
NOPAT Growth	0.00%	24.05%	2.41%	216.93%	-93.22%	-212.58%	633.11%	-57.71%	144.11%	-12.65%	145.06%
Net Income Growth	0.00%	32.01%	3.97%	-58.60%	-200.77%	-132.82%	245.57%	-65.77%	198.03%	468.65%	-63.04%
EPS Growth	0.00%	34.88%	-13.79%	-60.00%	-200.00%	-140.00%	243.75%	-63.77%	208.00%	512.99%	-59.96%
Operating Cash Flow Growth	0.00%	194.86%	-56.08%	-157.83%	373.44%	6.10%	184.20%	-42.14%	38.10%	-57.79%	351.50%
Free Cash Flow Firm Growth	0.00%	0.00%	50.02%	112.00%	100.68%	13.96%	139.54%	-44.54%	30.55%	76.99%	15.71%
Invested Capital Growth	0.00%	0.00%	55.23%	17.46%	-4.73%	-8.53%	-10.29%	-7.58%	-5.89%	-20.94%	-14.91%
Revenue Q/Q Growth	0.00%	0.00%	6.54%	-1.00%	-0.28%	-1.59%	-1.10%	1.46%	2.72%	-3.85%	2.77%
EBITDA Q/Q Growth	0.00%	0.00%	17.31%	-43.64%	23.98%	-3.46%	7.20%	6.81%	27.83%	4.06%	-7.72%
EBIT Q/Q Growth	0.00%	0.00%	22.34%	-68.27%	591.30%	2.86%	13.36%	22.74%	41.83%	5.01%	-10.09%
NOPAT Q/Q Growth	0.00%	0.00%	17.65%	107.73%	591.30%	14.76%	13.62%	36.00%	47.93%	-12.20%	6.73%
Net Income Q/Q Growth	0.00%	0.00%	50.98%	-77.50%	48.63%	41.68%	-21.28%	130.30%	86.42%	4.89%	-11.85%
EPS Q/Q Growth	0.00%	0.00%	66.67%	-79.17%	47.37%	0.00%	32.69%	92.31%	92.50%	12.38%	-19.57%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	23.84%	-152.75%	-11.91%	0.36%	20.56%	-21.84%	19.91%	40.90%	3.57%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	135.15%	-7.41%	-1.00%	-2.48%	-20.85%	24.44%	31.03%	-13.51%
Invested Capital Q/Q Growth	0.00%	0.00%	-5.89%	-6.95%	-5.88%	-6.09%	-5.30%	-1.63%	-1.56%	-11.38%	-4.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.49%	11.94%	12.99%	11.67%	10.48%	10.01%	12.22%	10.62%	11.98%	12.49%	15.01%
EBITDA Margin	4.82%	5.19%	5.40%	3.18%	2.65%	0.98%	4.81%	2.96%	4.28%	16.57%	6.84%
Operating Margin	3.58%	3.76%	3.65%	1.17%	0.66%	-0.79%	3.52%	1.58%	3.36%	3.34%	7.40%
EBIT Margin	3.58%	3.76%	3.65%	1.17%	0.66%	-0.90%	3.39%	1.57%	3.29%	15.50%	5.79%
Profit (Net Income) Margin	1.32%	1.57%	1.38%	0.55%	-0.55%	-1.34%	1.86%	0.65%	1.72%	10.82%	3.86%
Tax Burden Percent	65.72%	69.91%	62.67%	590.91%	78.92%	66.16%	79.71%	76.77%	77.84%	75.68%	81.02%
Interest Burden Percent	56.07%	59.67%	60.58%	7.91%	-104.40%	225.98%	69.11%	53.95%	67.05%	92.27%	82.40%
Effective Tax Rate	34.28%	30.09%	37.33%	-490.91%	0.00%	0.00%	20.29%	23.23%	22.16%	24.32%	18.98%
Return on Invested Capital (ROIC)	0.00%	20.03%	8.04%	19.26%	1.24%	-1.49%	8.77%	4.08%	10.67%	10.74%	32.19%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	3.38%	-0.90%	-31.06%	-5.12%	-6.60%	0.36%	-2.27%	-3.32%	219.47%	-127.38%
Return on Net Nonoperating Assets (RNNOA)	0.00%	3.18%	-0.49%	-16.90%	-3.76%	-4.75%	0.19%	-0.96%	-1.18%	44.48%	-9.83%
Return on Equity (ROE)	0.00%	23.21%	7.54%	2.35%	-2.53%	-6.24%	8.96%	3.12%	9.49%	55.21%	22.36%
Cash Return on Invested Capital (CROIC)	0.00%	-179.97%	-35.24%	3.20%	6.08%	7.42%	19.61%	11.95%	16.74%	34.12%	48.31%
Operating Return on Assets (OROA)	0.00%	8.14%	7.72%	2.09%	1.15%	-1.53%	6.32%	2.84%	6.30%	28.12%	11.82%
Return on Assets (ROA)	0.00%	3.40%	2.93%	0.98%	-0.95%	-2.29%	3.48%	1.18%	3.29%	19.64%	7.89%
Return on Common Equity (ROCE)	0.00%	21.21%	7.34%	2.35%	-2.52%	-6.24%	8.96%	3.12%	9.49%	55.21%	22.36%
Return on Equity Simple (ROE_SIMPLE)	0.00%	12.69%	5.48%	2.45%	-2.59%	-6.46%	8.56%	3.33%	9.10%	59.20%	0.00%
Net Operating Profit after Tax (NOPAT)	41	51	52	164	11	-13	67	28	69	60	148
NOPAT Margin	2.35%	2.63%	2.29%	6.90%	0.46%	-0.55%	2.81%	1.21%	2.61%	2.53%	5.99%
Net Nonoperating Expense Percent (NNEP)	0.00%	16.65%	8.94%	50.32%	6.36%	5.11%	8.41%	6.35%	13.99%	-208.74%	159.58%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.12%	10.64%	11.58%	32.35%
Cost of Revenue to Revenue	89.51%	88.06%	87.01%	88.33%	89.52%	89.99%	87.78%	89.39%	88.02%	87.51%	84.99%
SG&A Expenses to Revenue	5.90%	7.26%	8.30%	7.68%	8.29%	9.00%	8.12%	8.33%	8.49%	7.93%	7.62%
R&D to Revenue	0.29%	0.25%	0.19%	0.27%	0.20%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.91%	8.18%	9.34%	10.51%	9.81%	10.80%	8.70%	9.04%	8.62%	9.15%	7.62%
Earnings before Interest and Taxes (EBIT)	62	72	83	28	16	-20	81	37	87	369	143
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	84	100	122	76	64	22	115	69	113	394	169
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.23	1.02	1.22	0.85	1.54	1.48	1.42	3.17	6.01
Price to Tangible Book Value (P/TBV)	0.00	0.00	4.70	2.77	3.33	2.26	3.39	3.75	3.15	6.82	12.98
Price to Revenue (P/Rev)	0.00	0.00	0.56	0.23	0.26	0.18	0.33	0.29	0.27	0.58	1.02
Price to Earnings (P/E)	0.00	0.00	13.54	41.56	0.00	0.00	17.95	44.30	15.64	5.35	26.28
Dividend Yield	0.00%	0.00%	0.75%	2.34%	2.02%	3.15%	0.81%	1.76%	1.67%	12.08%	0.47%
Earnings Yield	0.00%	0.00%	7.39%	2.41%	0.00%	0.00%	5.57%	2.26%	6.39%	18.69%	3.81%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.90	1.03	1.13	0.91	1.39	1.33	1.34	2.90	5.95
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.66	0.40	0.41	0.32	0.42	0.38	0.32	0.60	1.02
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	12.15	12.57	15.63	32.93	8.72	12.80	7.41	3.65	14.87
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	17.99	34.22	62.52	0.00	12.39	24.06	9.64	3.90	17.58
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	28.70	5.79	89.32	0.00	14.95	31.26	12.14	23.88	16.98
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	44.81	0.00	18.94	13.18	6.31	9.64	6.62	26.94	10.40
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	34.88	18.16	11.77	6.69	10.66	7.74	7.51	11.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.98	0.40	0.79	0.75	0.72	0.41	0.50	0.30	0.20	0.10
Long-Term Debt to Equity	0.00	0.98	0.40	0.79	0.75	0.72	0.41	0.50	0.30	0.20	0.10
Financial Leverage	0.00	0.94	0.55	0.54	0.73	0.72	0.54	0.42	0.35	0.20	0.08
Leverage Ratio	0.00	3.42	2.57	2.41	2.66	2.72	2.57	2.65	2.89	2.81	2.83
Compound Leverage Factor	0.00	2.04	1.56	0.19	-2.77	6.15	1.78	1.43	1.94	2.59	2.34
Debt to Total Capital	0.00%	49.59%	28.65%	44.21%	42.94%	42.01%	29.30%	33.51%	23.15%	16.34%	8.77%
Short-Term Debt to Total Capital	0.00%	0.00%	0.10%	0.14%	0.41%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	49.59%	28.55%	44.07%	42.53%	41.80%	29.30%	33.51%	23.15%	16.34%	8.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	4.32%	0.00%	0.10%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	46.08%	71.35%	55.68%	57.04%	57.99%	70.70%	66.49%	76.85%	83.66%	91.23%
Debt to EBITDA	0.00	2.56	1.88	5.57	5.98	15.35	1.88	3.33	1.33	0.22	0.24
Net Debt to EBITDA	0.00	2.45	1.73	5.42	5.93	14.83	1.76	3.04	1.14	0.15	0.03
Long-Term Debt to EBITDA	0.00	2.56	1.87	5.56	5.92	15.27	1.88	3.33	1.33	0.22	0.24
Debt to NOPAT	0.00	5.06	4.44	2.57	34.16	-27.31	3.22	8.14	2.18	1.41	0.27
Net Debt to NOPAT	0.00	4.85	4.09	2.50	33.86	-26.40	3.02	7.42	1.87	1.00	0.04
Long-Term Debt to NOPAT	0.00	5.06	4.42	2.56	33.84	-27.17	3.22	8.14	2.18	1.41	0.27
Altman Z-Score	0.00	0.00	3.50	2.53	2.61	2.28	3.14	2.62	2.91	4.50	4.86
Noncontrolling Interest Sharing Ratio	0.00%	8.58%	2.68%	0.09%	0.12%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.60	1.77	2.02	1.86	1.82	1.74	1.68	1.67	1.72	1.51
Quick Ratio	0.00	0.58	0.64	0.67	0.59	0.54	0.52	0.45	0.44	0.38	0.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-455	-227	27	55	62	149	83	108	191	222
Operating Cash Flow to CapEx	166.16%	214.77%	70.04%	-60.19%	4,038.46%	2,531.82%	1,297.54%	551.81%	406.75%	231.17%	509.73%
Free Cash Flow to Firm to Interest Expense	0.00	-15.58	-6.97	1.07	1.68	2.43	7.99	4.90	3.78	6.72	8.83
Operating Cash Flow to Interest Expense	0.94	2.59	1.02	-0.75	1.62	2.17	8.47	5.42	4.42	1.87	9.61
Operating Cash Flow Less CapEx to Interest Expense	0.37	1.38	-0.44	-2.00	1.58	2.08	7.81	4.44	3.34	1.06	7.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	2.17	2.12	1.79	1.74	1.71	1.87	1.81	1.92	1.81	2.04
Accounts Receivable Turnover	0.00	10.63	10.69	9.34	9.24	9.44	10.76	10.89	11.95	12.57	15.40
Inventory Turnover	0.00	5.21	5.07	4.35	4.19	3.90	4.10	3.75	3.61	3.30	3.71
Fixed Asset Turnover	0.00	13.15	12.48	11.04	11.56	12.31	14.61	15.21	17.11	16.43	17.11
Accounts Payable Turnover	0.00	13.10	11.38	9.66	10.27	11.07	14.63	14.88	12.48	10.49	10.92
Days Sales Outstanding (DSO)	0.00	34.35	34.16	39.09	39.51	38.69	33.93	33.52	30.54	29.04	23.70
Days Inventory Outstanding (DIO)	0.00	70.08	71.96	83.85	87.13	93.55	88.98	97.31	101.17	110.44	98.49
Days Payable Outstanding (DPO)	0.00	27.86	32.06	37.77	35.53	32.97	24.95	24.53	29.25	34.79	33.44
Cash Conversion Cycle (CCC)	0.00	76.56	74.05	85.18	91.12	99.26	97.96	106.30	102.46	104.69	88.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	505	785	922	878	803	721	666	627	496	422
Invested Capital Turnover	0.00	7.62	3.52	2.79	2.67	2.71	3.13	3.36	4.08	4.24	5.37
Increase / (Decrease) in Invested Capital	0.00	505	279	137	-44	-75	-83	-55	-39	-131	-74
Enterprise Value (EV)	0.00	0.00	1,488	951	994	734	999	883	837	1,438	2,507
Market Capitalization	0.00	0.00	1,276	540	617	404	797	673	708	1,378	2,502
Book Value per Share	$0.00	$0.00	$8.96	$8.41	$8.12	$7.44	$8.01	$7.69	$8.40	$8.37	$8.53
Tangible Book Value per Share	$0.00	$0.00	$4.25	$3.09	$2.98	$2.82	$3.63	$3.03	$3.79	$3.88	$3.95
Total Capital	0.00	516	802	954	885	815	734	686	648	520	456
Total Debt	0.00	256	230	422	380	342	215	230	150	85	40
Total Long-Term Debt	0.00	256	229	421	377	341	215	230	150	85	40
Net Debt	0.00	245	212	410	377	331	202	210	129	60	5.30
Capital Expenditures (CapEx)	15	35	47	32	1.30	2.20	12	17	31	23	47
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	187	300	415	373	355	311	341	355	313	228
Debt-free Net Working Capital (DFNWC)	0.00	198	318	427	377	366	324	361	376	337	262
Net Working Capital (NWC)	0.00	198	317	426	373	365	324	361	376	337	262
Net Nonoperating Expense (NNE)	18	20	20	151	24	18	22	13	24	-197	52
Net Nonoperating Obligations (NNO)	0.00	245	212	389	373	331	202	210	129	60	5.30
Total Depreciation and Amortization (D&A)	22	28	40	48	48	43	34	32	26	25	26
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	9.73%	13.22%	17.44%	15.53%	15.59%	13.05%	14.61%	13.45%	13.13%	9.24%
Debt-free Net Working Capital to Revenue	0.00%	10.29%	14.00%	17.94%	15.67%	16.09%	13.61%	15.48%	14.25%	14.17%	10.65%
Net Working Capital to Revenue	0.00%	10.29%	13.97%	17.89%	15.52%	16.01%	13.61%	15.48%	14.25%	14.17%	10.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.43	$0.59	$0.52	$0.20	($0.20)	($0.48)	$0.70	$0.25	$0.77	$4.79	$1.92
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	64.15M	62.68M	62.32M	63.60M	65.02M	59.86M	59.51M	52.13M	48.81M
Adjusted Diluted Earnings per Share	$0.43	$0.58	$0.50	$0.20	($0.20)	($0.48)	$0.69	$0.25	$0.77	$4.72	$1.89
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	64.15M	62.68M	62.32M	63.60M	65.02M	59.86M	59.51M	52.13M	48.81M
Adjusted Basic & Diluted Earnings per Share	$0.43	$0.00	$0.00	$0.00	($0.20)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	64.15M	62.68M	62.32M	63.60M	65.02M	59.86M	59.51M	52.13M	48.81M
Normalized Net Operating Profit after Tax (NOPAT)	43	53	55	49	21	2.87	70	35	69	81	148
Normalized NOPAT Margin	2.50%	2.75%	2.41%	2.08%	0.89%	0.13%	2.94%	1.52%	2.61%	3.38%	5.99%
Pre Tax Income Margin	2.01%	2.24%	2.21%	0.09%	-0.69%	-2.02%	2.34%	0.85%	2.21%	14.30%	4.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.28	2.48	2.54	1.09	0.49	-0.79	4.31	2.17	3.04	12.94	5.68
NOPAT to Interest Expense	1.50	1.73	1.59	6.42	0.34	-0.49	3.57	1.67	2.41	2.11	5.88
EBIT Less CapEx to Interest Expense	1.71	1.27	1.08	-0.16	0.45	-0.88	3.66	1.19	1.95	12.13	3.80
NOPAT Less CapEx to Interest Expense	0.93	0.53	0.14	5.17	0.30	-0.57	2.92	0.69	1.32	1.30	4.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.81%	0.00%	20.38%	98.46%	-95.42%	-31.15%	14.86%	81.58%	26.71%	74.53%	13.55%
Augmented Payout Ratio	24.68%	71.85%	20.38%	508.46%	-158.78%	-31.15%	23.65%	542.11%	26.71%	123.49%	126.58%

This table displays calculated financial ratios and metrics derived from REV Group's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.20%	14.32%	11.19%	0.43%	-9.44%	-14.79%	-13.76%	-10.39%	1.98%	11.30%	11.12%
EBITDA Growth	238.38%	30.08%	119.07%	6,230.95%	-8.96%	13.75%	34.43%	-86.80%	-16.50%	46.70%	-20.29%
EBIT Growth	3,325.00%	49.42%	153.93%	2,282.61%	-10.95%	16.73%	40.49%	-88.84%	-19.26%	58.00%	-25.20%
NOPAT Growth	3,168.25%	64.30%	173.16%	38.52%	-5.56%	10.43%	-26.17%	576.32%	265.12%	76.03%	29.09%
Net Income Growth	717.39%	56.84%	241.38%	1,453.33%	7.04%	20.81%	40.40%	-90.04%	25.00%	61.67%	-30.70%
EPS Growth	700.00%	56.25%	264.29%	1,430.43%	16.67%	40.00%	101.96%	-88.56%	35.71%	68.57%	-44.66%
Operating Cash Flow Growth	-51.45%	103.12%	65.42%	-910.14%	165.56%	-77.91%	29.19%	81.21%	191.77%	318.75%	12.10%
Free Cash Flow Firm Growth	-60.02%	-36.72%	10.03%	38.01%	221.06%	64.42%	111.72%	-2.49%	22.42%	57.50%	-31.71%
Invested Capital Growth	-2.96%	-5.95%	-5.89%	-12.01%	-16.73%	-12.17%	-20.94%	-8.56%	-16.19%	-21.07%	-14.91%
Revenue Q/Q Growth	16.74%	-0.18%	1.96%	-15.48%	5.27%	-6.08%	3.19%	-12.18%	19.81%	2.51%	3.02%
EBITDA Q/Q Growth	897.62%	-4.48%	61.56%	398.07%	-88.17%	19.34%	90.93%	-51.08%	-24.12%	106.98%	3.75%
EBIT Q/Q Growth	338.26%	-6.20%	75.88%	455.31%	-90.28%	22.95%	111.67%	-55.91%	-29.64%	140.61%	0.21%
NOPAT Q/Q Growth	360.30%	1.08%	67.98%	-113.91%	499.87%	18.19%	12.31%	-10.26%	206.51%	-43.02%	-17.64%
Net Income Q/Q Growth	205.19%	4.93%	99.33%	515.15%	-91.68%	18.42%	131.67%	-56.35%	4.40%	53.16%	-0.69%
EPS Q/Q Growth	204.35%	4.17%	104.00%	500.00%	-90.85%	25.00%	194.29%	-66.02%	8.57%	55.26%	-3.39%
Operating Cash Flow Q/Q Growth	318.84%	331.79%	-18.56%	-231.26%	157.53%	-64.09%	376.39%	-119.10%	993.13%	-48.46%	27.53%
Free Cash Flow Firm Q/Q Growth	-24.55%	48.36%	21.35%	1.59%	75.54%	-24.02%	56.26%	-53.21%	120.38%	-2.25%	-32.25%
Invested Capital Q/Q Growth	0.99%	-5.59%	-1.56%	-6.26%	-4.43%	-0.43%	-11.38%	8.42%	-12.40%	-6.23%	-4.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.11%	11.79%	13.77%	10.73%	12.53%	13.51%	13.18%	13.29%	15.21%	15.77%	15.44%
EBITDA Margin	4.92%	4.71%	7.46%	43.94%	4.94%	6.28%	11.62%	6.48%	4.10%	8.28%	8.34%
Operating Margin	4.26%	3.78%	6.52%	-1.11%	3.71%	4.94%	5.79%	5.33%	7.90%	8.84%	7.15%
EBIT Margin	4.02%	3.78%	6.52%	42.83%	3.96%	5.18%	10.62%	5.33%	3.13%	7.35%	7.15%
Profit (Net Income) Margin	2.08%	2.19%	4.28%	31.18%	2.46%	3.11%	6.97%	3.47%	3.02%	4.51%	4.35%
Tax Burden Percent	71.00%	80.98%	77.34%	74.82%	84.92%	80.36%	74.60%	82.73%	142.86%	70.98%	70.15%
Interest Burden Percent	72.99%	71.60%	84.96%	97.29%	73.36%	74.67%	88.03%	78.57%	67.51%	86.50%	86.74%
Effective Tax Rate	29.00%	19.02%	22.66%	25.18%	15.08%	19.64%	25.40%	17.27%	-42.86%	29.02%	29.85%
Return on Invested Capital (ROIC)	10.96%	11.97%	20.58%	-3.49%	13.14%	16.42%	18.31%	18.19%	50.99%	30.06%	26.94%
ROIC Less NNEP Spread (ROIC-NNEP)	8.14%	8.99%	17.47%	114.32%	11.03%	13.43%	35.12%	13.22%	15.69%	19.67%	13.49%
Return on Net Nonoperating Assets (RNNOA)	4.02%	3.89%	6.19%	38.86%	5.34%	5.17%	7.12%	2.86%	6.27%	5.50%	1.04%
Return on Equity (ROE)	14.98%	15.86%	26.78%	35.37%	18.48%	21.60%	25.43%	21.05%	57.26%	35.56%	27.98%
Cash Return on Invested Capital (CROIC)	8.52%	13.23%	16.74%	23.98%	29.00%	24.44%	34.12%	24.93%	40.90%	51.20%	48.31%
Operating Return on Assets (OROA)	7.46%	7.16%	12.49%	80.14%	7.48%	9.45%	19.27%	9.29%	5.71%	13.80%	14.60%
Return on Assets (ROA)	3.87%	4.15%	8.20%	58.33%	4.66%	5.67%	12.66%	6.04%	5.51%	8.47%	8.88%
Return on Common Equity (ROCE)	14.98%	15.86%	26.78%	35.37%	18.48%	21.60%	25.43%	21.05%	57.26%	35.56%	27.98%
Return on Equity Simple (ROE_SIMPLE)	4.17%	5.19%	0.00%	48.68%	63.87%	62.24%	0.00%	21.71%	27.08%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	21	21	35	-4.86	19	23	26	23	71	40	33
NOPAT Margin	3.02%	3.06%	5.04%	-0.83%	3.15%	3.97%	4.32%	4.41%	11.29%	6.27%	5.01%
Net Nonoperating Expense Percent (NNEP)	2.82%	2.98%	3.11%	-117.82%	2.11%	3.00%	-16.81%	4.97%	35.30%	10.39%	13.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-	5.40%	-0.98%	-	-	4.96%	4.07%	14.56%	8.48%	7.30%
Cost of Revenue to Revenue	87.89%	88.21%	86.23%	89.27%	87.47%	86.49%	86.82%	86.71%	84.79%	84.23%	84.56%
SG&A Expenses to Revenue	7.71%	7.93%	7.18%	9.45%	8.12%	7.35%	6.79%	7.85%	7.31%	6.93%	8.38%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.85%	8.01%	7.26%	11.84%	8.82%	8.58%	7.39%	7.96%	7.31%	6.93%	8.29%
Earnings before Interest and Taxes (EBIT)	27	26	45	251	24	30	64	28	20	47	48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	34	32	52	258	31	36	70	34	26	53	55
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.17	1.38	1.42	1.96	2.98	3.84	3.17	4.22	4.72	6.24	6.01
Price to Tangible Book Value (P/TBV)	2.97	3.30	3.15	3.76	7.86	9.41	6.82	9.22	12.56	14.78	12.98
Price to Revenue (P/Rev)	0.21	0.25	0.27	0.37	0.44	0.61	0.58	0.78	0.72	1.01	1.02
Price to Earnings (P/E)	28.32	26.63	15.64	4.02	4.65	6.16	5.35	19.43	17.44	22.39	26.28
Dividend Yield	2.23%	1.85%	1.67%	1.22%	14.67%	10.97%	12.08%	9.25%	0.67%	0.46%	0.47%
Earnings Yield	3.53%	3.76%	6.39%	24.90%	21.50%	16.25%	18.69%	5.15%	5.73%	4.47%	3.81%
Enterprise Value to Invested Capital (EV/IC)	1.12	1.28	1.34	1.50	2.34	3.00	2.90	3.57	3.81	5.60	5.95
Enterprise Value to Revenue (EV/Rev)	0.30	0.32	0.32	0.33	0.51	0.68	0.60	0.83	0.77	1.03	1.02
Enterprise Value to EBITDA (EV/EBITDA)	9.30	9.19	7.41	2.36	3.50	4.43	3.65	11.23	10.81	13.53	14.87
Enterprise Value to EBIT (EV/EBIT)	14.30	13.28	9.64	2.53	3.78	4.78	3.90	13.14	12.68	15.59	17.58
Enterprise Value to NOPAT (EV/NOPAT)	19.97	17.43	12.14	12.58	19.76	24.48	23.88	21.33	14.90	17.87	16.98
Enterprise Value to Operating Cash Flow (EV/OCF)	10.41	7.70	6.62	13.88	14.79	44.31	26.94	17.43	9.58	10.62	10.40
Enterprise Value to Free Cash Flow (EV/FCFF)	12.92	9.35	7.74	5.88	7.32	11.49	7.51	13.68	8.48	9.65	11.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.51	0.38	0.30	0.00	0.58	0.54	0.20	0.33	0.36	0.23	0.10
Long-Term Debt to Equity	0.51	0.38	0.30	0.00	0.58	0.54	0.20	0.33	0.36	0.23	0.10
Financial Leverage	0.49	0.43	0.35	0.34	0.48	0.39	0.20	0.22	0.40	0.28	0.08
Leverage Ratio	2.92	2.96	2.89	3.01	3.27	3.14	2.81	2.88	3.47	3.27	2.83
Compound Leverage Factor	2.13	2.12	2.45	2.93	2.40	2.35	2.48	2.26	2.34	2.83	2.46
Debt to Total Capital	33.66%	27.64%	23.15%	0.00%	36.69%	35.27%	16.34%	24.61%	26.65%	18.86%	8.77%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	33.66%	27.64%	23.15%	0.00%	36.69%	35.27%	16.34%	24.61%	26.65%	18.86%	8.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	66.34%	72.36%	76.85%	100.00%	63.32%	64.73%	83.66%	75.39%	73.35%	81.14%	91.23%
Debt to EBITDA	2.84	2.02	1.33	0.00	0.59	0.57	0.22	0.82	0.78	0.49	0.24
Net Debt to EBITDA	2.73	1.90	1.14	0.00	0.49	0.43	0.15	0.63	0.61	0.30	0.03
Long-Term Debt to EBITDA	2.84	2.02	1.33	0.00	0.59	0.57	0.22	0.82	0.78	0.49	0.24
Debt to NOPAT	6.10	3.84	2.18	0.00	3.31	3.13	1.41	1.56	1.08	0.65	0.27
Net Debt to NOPAT	5.86	3.60	1.87	0.00	2.74	2.40	1.00	1.21	0.84	0.39	0.04
Long-Term Debt to NOPAT	6.10	3.84	2.18	0.00	3.31	3.13	1.41	1.56	1.08	0.65	0.27
Altman Z-Score	2.54	2.69	2.81	3.34	3.13	3.36	3.67	3.82	3.61	4.35	4.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.73	1.65	1.67	1.35	1.75	1.85	1.72	1.93	1.66	1.63	1.51
Quick Ratio	0.46	0.40	0.44	0.42	0.48	0.51	0.38	0.50	0.46	0.46	0.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	41	61	74	75	132	100	157	73	162	158	107
Operating Cash Flow to CapEx	215.71%	716.48%	465.79%	-663.81%	679.66%	244.07%	8,575.00%	-267.35%	1,026.32%	519.83%	331.47%
Free Cash Flow to Firm to Interest Expense	5.57	8.37	10.91	11.08	20.35	13.22	20.66	12.24	25.30	24.73	17.02
Operating Cash Flow to Interest Expense	2.04	8.93	7.81	-10.25	6.17	1.89	9.03	-2.18	18.28	9.42	12.21
Operating Cash Flow Less CapEx to Interest Expense	1.09	7.68	6.13	-11.79	5.26	1.12	8.92	-3.00	16.50	7.61	8.52
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.85	1.89	1.92	1.87	1.89	1.82	1.81	1.74	1.82	1.88	2.04
Accounts Receivable Turnover	10.76	11.81	11.95	11.94	11.45	12.02	12.57	11.35	11.33	12.06	15.40
Inventory Turnover	3.63	3.67	3.61	3.51	3.52	3.39	3.30	3.22	3.36	3.47	3.71
Fixed Asset Turnover	17.00	17.20	17.11	17.59	17.30	16.52	16.43	16.41	16.48	16.72	17.11
Accounts Payable Turnover	13.37	12.96	12.48	13.17	12.03	11.11	10.49	12.04	9.75	9.94	10.92
Days Sales Outstanding (DSO)	33.93	30.90	30.54	30.57	31.89	30.37	29.04	32.17	32.20	30.26	23.70
Days Inventory Outstanding (DIO)	100.61	99.48	101.17	104.04	103.74	107.76	110.44	113.41	108.66	105.14	98.49
Days Payable Outstanding (DPO)	27.31	28.16	29.25	27.70	30.35	32.87	34.79	30.32	37.43	36.71	33.44
Cash Conversion Cycle (CCC)	107.24	102.23	102.46	106.91	105.27	105.26	104.69	115.25	103.43	98.69	88.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	674	637	627	588	562	559	496	537	471	441	422
Invested Capital Turnover	3.63	3.91	4.08	4.21	4.17	4.14	4.24	4.12	4.52	4.79	5.37
Increase / (Decrease) in Invested Capital	-21	-40	-39	-80	-113	-78	-131	-50	-91	-118	-74
Enterprise Value (EV)	753	812	837	884	1,312	1,679	1,438	1,917	1,791	2,472	2,507
Market Capitalization	532	644	708	972	1,130	1,515	1,378	1,809	1,690	2,418	2,502
Book Value per Share	$7.62	$7.88	$8.40	$9.58	$7.33	$7.60	$8.37	$8.23	$6.92	$7.94	$8.53
Tangible Book Value per Share	$3.01	$3.28	$3.79	$4.99	$2.77	$3.10	$3.88	$3.77	$2.60	$3.35	$3.95
Total Capital	683	648	648	496	600	610	520	569	488	477	456
Total Debt	230	179	150	0.00	220	215	85	140	130	90	40
Total Long-Term Debt	230	179	150	0.00	220	215	85	140	130	90	40
Net Debt	221	168	129	-88	182	165	60	108	101	54	5.30
Capital Expenditures (CapEx)	7.00	9.10	11	11	5.90	5.90	0.80	4.90	11	12	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	380	348	355	167	349	371	313	374	303	279	228
Debt-free Net Working Capital (DFNWC)	389	359	376	255	387	421	337	406	331	315	262
Net Working Capital (NWC)	389	359	376	255	387	421	337	406	331	315	262
Net Nonoperating Expense (NNE)	6.39	5.91	5.26	-188	4.25	4.98	-16	4.96	52	11	4.42
Net Nonoperating Obligations (NNO)	221	168	129	91	182	165	60	108	113	54	5.30
Total Depreciation and Amortization (D&A)	6.10	6.30	6.50	6.50	6.10	6.40	6.00	6.00	6.10	6.00	7.90
Debt-free, Cash-free Net Working Capital to Revenue	15.30%	13.54%	13.45%	6.34%	13.53%	14.97%	13.13%	16.13%	12.97%	11.65%	9.24%
Debt-free Net Working Capital to Revenue	15.66%	13.97%	14.25%	9.67%	15.01%	17.01%	14.17%	17.49%	14.21%	13.15%	10.65%
Net Working Capital to Revenue	15.66%	13.97%	14.25%	9.67%	15.01%	17.01%	14.17%	17.49%	14.21%	13.15%	10.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.24	$0.25	$0.51	$3.09	$0.29	$0.35	$1.06	$0.35	$0.38	$0.60	$0.59
Adjusted Weighted Average Basic Shares Outstanding	59.50M	59.31M	59.51M	51.80M	51.91M	52.00M	52.13M	51.68M	48.80M	48.80M	48.81M
Adjusted Diluted Earnings per Share	$0.24	$0.25	$0.51	$3.06	$0.28	$0.35	$1.03	$0.35	$0.38	$0.59	$0.57
Adjusted Weighted Average Diluted Shares Outstanding	59.50M	59.31M	59.51M	51.80M	51.91M	52.00M	52.13M	51.68M	48.80M	48.80M	48.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.50M	59.31M	59.51M	51.80M	51.91M	52.00M	52.13M	51.68M	48.80M	48.80M	48.81M
Normalized Net Operating Profit after Tax (NOPAT)	21	21	35	5.16	23	28	28	23	35	40	33
Normalized NOPAT Margin	3.02%	3.06%	5.04%	0.88%	3.66%	4.88%	4.70%	4.41%	5.53%	6.27%	5.01%
Pre Tax Income Margin	2.94%	2.71%	5.54%	41.67%	2.90%	3.87%	9.35%	4.19%	2.11%	6.36%	6.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.70	3.52	6.65	36.91	3.75	3.95	8.36	4.67	3.08	7.41	7.54
NOPAT to Interest Expense	2.78	2.85	5.14	-0.72	2.99	3.02	3.40	3.86	11.09	6.32	5.29
EBIT Less CapEx to Interest Expense	2.76	2.27	4.97	35.37	2.85	3.17	8.25	3.85	1.30	5.59	3.86
NOPAT Less CapEx to Interest Expense	1.84	1.60	3.46	-2.26	2.08	2.25	3.29	3.04	9.31	4.51	1.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	64.02%	49.79%	26.71%	5.01%	78.97%	78.01%	74.53%	207.09%	13.93%	12.41%	13.55%
Augmented Payout Ratio	191.53%	49.79%	26.71%	5.01%	130.97%	129.36%	123.49%	363.16%	124.97%	112.04%	126.58%

Financials Breakdown Chart

Key Financial Trends

REV Group (NYSE: REVG) has shown a mixture of improving top-line trends and some profitability headwinds over the last four years. Here’s a concise look at what the quarterly statements imply for investors, based on the latest four-year window provided (Q1–Q4 across 2023–2025).

Revenue momentum improved in 2025 versus 2024, with Q4 2025 revenue of about 664.4 million vs Q4 2024 597.9 million, and Q3 2025 revenue of about 644.9 million vs Q3 2024 579.4 million. Q2 2025 also edged higher vs Q2 2024, while Q1 2025 was down year over year.
Gross margin expanded in 2025. Q4 2025 gross profit was roughly 102.6 million on 664.4 million of revenue (about 15.4%), up from Q4 2024 gross profit of about 78.8 million on 597.9 million (about 13.2%).
Cash flow from operations remained solid in 2025. For example, Q4 2025 net cash from continuing operating activities was about 76.9 million, with stronger quarterly CFO in several periods (e.g., Q2 2025 around 117.0 million and Q3 2025 around 60.3 million), even as one quarter (Q1 2025) showed a negative CFO.
Free cash flow (approximate, using CFO minus capex) was generally positive in mid-2025 quarters, highlighting cash generation potential. Notably, Q2 2025 (~+106 million) and Q3/Q4 2025 each show meaningful positive FCF, after accounting for capital expenditures.
Dividend policy remained stable in 2025 with a per-share dividend of about $0.06, providing a predictable return stream for income-focused investors.
Working capital fluctuations are material. Changes in operating assets and liabilities, net, swung across quarters (e.g., Q4 2025 +36.9 million; Q2 2025 +58.7 million; Q3 2025 +12.3 million; Q1 2025 negative around -39.9 million), contributing to quarterly cash flow volatility.
Financing activity shows an active capital-allocation pattern. Notable items include a sizable stock repurchase in 2025 (Q2) and multiple debt-related moves across quarters, which can affect leverage and cash balance depending on timing and size.
Liquid balance sheet position remains manageable with persistent cash flow generation and moderate cash on hand relative to total assets. Total assets typically run around the 1.2–1.3 billion range in recent quarters, with total liabilities and equity reflecting a standard industrial manufacturing balance.
Earnings per share moved lower in late 2025 versus late-2024. For example, Q4 2025 basic EPS was about 0.59 vs Q4 2024 around 1.06, reflecting a decline in net income per share despite the stronger topline and gross margin in 2025.
Net income declined in Q4 2025 relative to Q4 2024 (approx. 28.9 million vs 41.7 million), indicating year-end profitability pressure despite improved gross margins and top-line momentum.

05/12/26 01:59 PM ETAI Generated. May Contain Errors.

REV Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, REV Group's financial year ends in October. Their financial year 2025 ended on October 31, 2025.

REV Group's net income appears to be on an upward trend, with a most recent value of $95.20 million in 2025, rising from $22.88 million in 2015. The previous period was $257.60 million in 2024. See REV Group's forecast for analyst expectations on what's next for the company.

REV Group's total operating income in 2025 was $182.20 million, based on the following breakdown:

Total Gross Profit: $369.80 million
Total Operating Expenses: $187.60 million

Over the last 10 years, REV Group's total revenue changed from $1.74 billion in 2015 to $2.46 billion in 2025, a change of 42.0%.

REV Group's total liabilities were at $783.70 million at the end of 2025, a 0.7% increase from 2024, and a 24.6% increase since 2016.

In the past 9 years, REV Group's cash and equivalents has ranged from $3.30 million in 2019 to $34.70 million in 2025, and is currently $34.70 million as of their latest financial filing in 2025.

Over the last 10 years, REV Group's book value per share changed from 0.00 in 2015 to 8.53 in 2025, a change of 853.1%.

Related Companies

Financial statements for NYSE:REVG last updated on 12/14/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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REV Group (REVG) Financials

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Key Financial Trends

REV Group Financials - Frequently Asked Questions

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REV Group (REVG) Financials

Annual Income Statements for REV Group

Quarterly Income Statements for REV Group

Annual Cash Flow Statements for REV Group

Quarterly Cash Flow Statements for REV Group

Annual Balance Sheets for REV Group

Quarterly Balance Sheets for REV Group

Annual Metrics And Ratios for REV Group

Quarterly Metrics And Ratios for REV Group

Financials Breakdown Chart

Key Financial Trends

REV Group Financials - Frequently Asked Questions

When does REV Group's fiscal year end?

How has REV Group's net income changed over the last 10 years?

What is REV Group's operating income?

How has REV Group's revenue changed over the last 10 years?

How much debt does REV Group have?

How much cash does REV Group have?

How has REV Group's book value per share changed over the last 10 years?

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