
REV Group Income Statement 2025-2011 | REVG
Brief overview of financial results at REV Group
The conclusions below are based on five years of reported results. REV Group reported revenue of 2.3 billion dollars in 2020 and 2.5 billion dollars by 2025. Overall revenue changed by +8.2%, equal to an annualized rate of about 1.6%. Revenue was effectively stagnant over the period.
Gross profit changed from $228 million to $370 million (+62.1%). Direct costs grew more slowly than revenue and improved the economics of sales. Gross profit as a share of revenue changed from 10% to 15%. Improving gross profitability strengthens the quality of revenue growth.
The five-year EBITDA result moved by +833.6%: from $22.3 million to $208 million. EBITDA grew faster than revenue, indicating positive operating leverage. Comparing the endpoints gives EBITDA margins of 1% and 8.5%. The company improved its ability to convert sales into EBITDA.
The net financial result changed from −30.5 million dollars to 95.2 million dollars. The company restored profitability by the end of the period.
What the figures show
The five-year picture requires weighing both strengths and weaknesses. The strongest signals are improving net profitability, a stronger gross margin and positive operating leverage. The weaker side of the profile includes weak sales momentum. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement REV Group
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | 1.66 B | 1.08 B | 890 M | 894 M | 504 M | 816 M | 780 M | 1.66 B | - | - | - | - | - | - |
Shares |
49.7 M | 53.8 M | 58.6 M | 60.5 M | 63.4 M | 63 M | 62.8 M | 64 M | 60.7 M | - | - | - | - | - | - |
Historical Prices |
30.8 | 18.5 | 14.7 | 14.1 | 8.73 | 11.9 | 7.16 | 30.7 | - | - | - | - | - | - | |
Net Income |
95.2 M | 258 M | 45.3 M | 15.2 M | 44.4 M | -30.5 M | -12.3 M | 13 M | 31.4 M | 30.2 M | 22.9 M | 1.49 M | 25 M | - | - |
Revenue |
2.46 B | 2.38 B | 2.64 B | 2.33 B | 2.38 B | 2.28 B | 2.4 B | 2.38 B | 2.27 B | 1.93 B | 1.74 B | 1.72 B | 1.17 B | - | - |
Cost of Revenue |
2.09 B | 2.08 B | 2.32 B | 2.08 B | 2.09 B | 2.05 B | 2.15 B | 2.1 B | 1.97 B | 1.7 B | 1.55 B | - | - | - | - |
Gross Profit |
370 M | 297 M | 316 M | 248 M | 291 M | 228 M | 252 M | 278 M | 295 M | 230 M | 182 M | 163 M | 117 M | - | - |
Operating Income |
182 M | 79.6 M | 88.6 M | 36.8 M | 83.8 M | -17.9 M | 15.9 M | 27.8 M | 82.7 M | 72.4 M | 62.1 M | - | - | - | - |
Interest Expense |
25.1 M | 28.5 M | 28.6 M | 16.9 M | 17.3 M | 25.7 M | 32.5 M | 25.6 M | 20.7 M | 29.2 M | 27.3 M | - | - | - | - |
EBITDA |
208 M | 105 M | 115 M | 69.1 M | 116 M | 22.3 M | 47.7 M | 88.7 M | 102 M | 85.3 M | 74.5 M | 43.1 M | 26.8 M | - | - |
Operating Expenses |
188 M | 218 M | 228 M | 211 M | 207 M | 246 M | 221 M | 207 M | 207 M | 154 M | 116 M | 129 M | 96.6 M | - | - |
General and Administrative Expenses |
188 M | 191 M | 228 M | 194 M | 193 M | 205 M | 199 M | 183 M | 188 M | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement REV Group
| 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
48.5 M | 50.1 M | 51.6 M | 51.6 M | 52.1 M | 51.5 M | 53.1 M | 59.1 M | 59.5 M | 58.7 M | 58.7 M | 58.3 M | 61.3 M | 59.4 M | 61.7 M | 63.4 M | 63.9 M | 64.1 M | 64 M | 62.8 M | 63 M | 63.1 M | 63.1 M | 63 M | 62.9 M | 62.6 M | 63 M | 64.3 M | 64.3 M | 64 M | 64.6 M | 51.4 M | 59.6 M | 63.8 M | 63.7 M | 52.5 M | 51.7 M | 51.3 M | 51.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
29.1 M | 19 M | 18.2 M | 18.2 M | - | 18 M | 15.2 M | 183 M | - | 14.9 M | 14.2 M | -13.5 M | 6.5 M | 9.5 M | -2.3 M | - | 44.4 M | 23.7 M | 20.6 M | -9.4 M | -20.3 M | -3.6 M | -7.6 M | -14.6 M | -3.3 M | 5.6 M | 5.6 M | 9.4 M | 35.1 M | 18.3 M | 7.4 M | -13.3 M | 22.7 M | 15.2 M | 6.81 M | -3.01 M | 12.1 M | 13.1 M | 8.04 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
645 M | 629 M | 525 M | 525 M | - | 579 M | 617 M | 586 M | - | 680 M | 681 M | 584 M | 59.3 M | 595 M | 576 M | 537 M | 1.79 B | 593 M | 644 M | 532 M | 1.66 B | 582 M | 547 M | 519 M | 1.75 B | 617 M | 615 M | 515 M | 1.72 B | 598 M | 609 M | 443 M | 684 M | 596 M | 545 M | 373 M | 545 M | 528 M | 480 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
543 M | 533 M | 455 M | 455 M | - | 501 M | 540 M | 523 M | - | 600 M | 599 M | 526 M | 1.53 B | 527 M | 519 M | 492 M | 1.57 B | 517 M | 556 M | 485 M | 1.5 B | 516 M | 495 M | 472 M | 1.56 B | 546 M | 543 M | 462 M | 1.52 B | 518 M | 536 M | 395 M | 588 M | 518 M | 472 M | 338 M | 472 M | 464 M | 422 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
102 M | 95.7 M | 69.8 M | 69.8 M | - | 78.3 M | 77.3 M | 62.9 M | - | 80.2 M | 82.5 M | 57.9 M | 181 M | 67.8 M | 57.1 M | 61.7 M | 226 M | 76.6 M | 87.4 M | 47.4 M | 166 M | 66.5 M | 52.4 M | 46.3 M | 190 M | 71.3 M | 72.4 M | 52.6 M | 205 M | 79.5 M | 72.9 M | 47.5 M | 96.2 M | 78 M | 72.8 M | 34.9 M | 72.3 M | 64 M | 58.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
57 M | 49.7 M | 28 M | 28 M | - | 28.6 M | 22.9 M | -6.5 M | - | 25.7 M | 29 M | -11.3 M | 19 M | 17.2 M | 900 K | 9.7 M | 73 M | 28.5 M | 34.7 M | -4.7 M | -15.8 M | 2.1 M | -13.5 M | -11.2 M | 20.9 M | 15.9 M | 16.1 M | 1 M | 46.2 M | 28.9 M | 16.4 M | -13.7 M | 41.4 M | 28.8 M | 26.2 M | 1.49 M | 46.2 M | 24.6 M | 20.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
6.4 M | 6.4 M | 6 M | 6 M | - | 7.6 M | 6.5 M | 6.8 M | - | 7.3 M | 7.4 M | 7.1 M | 11.2 M | 4.3 M | 3.5 M | 5.5 M | 14.4 M | 3.4 M | 5.5 M | 7.3 M | 20.3 M | 5.7 M | 7.3 M | 7.8 M | 24.2 M | 8.4 M | 8 M | 5.4 M | 18.3 M | 6.8 M | 6.1 M | 7.48 M | 15.4 M | 4.5 M | 3.42 M | 6.69 M | 20.8 M | 7.36 M | 6.78 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
63.2 M | 55.8 M | 34 M | 34 M | - | 35 M | 29.4 M | - | - | 32 M | 35.5 M | -4.4 M | 44.2 M | 24.1 M | 9.6 M | 18.3 M | 97.2 M | 36.1 M | 42.7 M | 6.1 M | 15.1 M | 11.3 M | -2.6 M | 1.2 M | 55.7 M | 26.8 M | 27.7 M | 12 M | 80.1 M | 40.6 M | 27.5 M | -6.23 M | 68.2 M | 40.4 M | 34.1 M | 6.36 M | 63.3 M | 31.4 M | 25.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
44.7 M | 46 M | 41.8 M | 41.8 M | - | 49.7 M | 54.4 M | 69.4 M | - | 54.5 M | 53.5 M | 69.2 M | 162 M | 50.6 M | 56.2 M | 52 M | 153 M | 48.1 M | 52.7 M | 52.1 M | 182 M | 64.4 M | 65.9 M | 57.5 M | 169 M | 55.4 M | 56.3 M | 51.6 M | 159 M | 50.6 M | 56.5 M | 61.2 M | 55 M | 49.2 M | 46.6 M | 33.5 M | 46.1 M | 39.4 M | 38.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
44.7 M | 46 M | 41.2 M | 41.2 M | - | 43.1 M | 50.7 M | 55.4 M | - | 53.9 M | 52.5 M | 67.8 M | 144 M | 46.1 M | 50.5 M | 47.1 M | 141 M | 45.2 M | 48.7 M | 46.3 M | 158 M | 53.5 M | 58.1 M | 47.8 M | 145 M | 48.9 M | 48.6 M | 41.1 M | 133 M | 43.5 M | 48.8 M | 56.5 M | 48.6 M | 40.6 M | 42.6 M | 27.1 M | 41.9 M | 35.5 M | 35.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company REV Group (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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