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REVG

REV Group, Inc.

REVG

REV Group, Inc. • NYSE
$53.27 ▲ 0.66% (+0.35)
Market Cap $2.60 B
52w High $64.47
52w Low $26.51
Dividend Yield 0.24%
P/E 25.13
Volume 195.97K
Outstanding Shares 48.81M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $644.9M ▲ $44.7M ▼ $29.1M ▲ 4.512% ▲ $0.6 ▲ $53.4M ▲
Q2-2025 $629.1M ▲ $46M ▲ $19M ▲ 3.02% ▼ $0.38 ▲ $25.8M ▼
Q1-2025 $525.1M ▼ $41.8M ▼ $18.2M ▼ 3.466% ▼ $0.33 ▼ $34M ▼
Q4-2024 $597.9M ▲ $44.2M ▼ $41.7M ▲ 6.974% ▲ $0.8 ▲ $69.5M ▲
Q3-2024 $579.4M $49.7M $18M 3.107% $0.35 $36.4M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $36M ▲ $1.219B ▼ $831.7M ▼ $387.3M ▲
Q2-2025 $28.8M ▼ $1.228B ▼ $869.8M ▲ $357.8M ▼
Q1-2025 $31.6M ▲ $1.242B ▲ $813.3M ▲ $428.8M ▼
Q4-2024 $24.6M ▼ $1.213B ▼ $777.9M ▼ $435.1M ▲
Q3-2024 $50.5M $1.335B $940.1M $394.6M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $29.1M ▲ $60.3M ▼ $-9.8M ▲ $-43.3M ▲ $7.2M ▲ $48.7M ▼
Q2-2025 $19M ▲ $117M ▲ $-11.1M ▼ $-108.7M ▼ $-2.8M ▼ $105.6M ▲
Q1-2025 $18.2M ▼ $-13.1M ▼ $-4.8M ▼ $24.9M ▲ $7M ▲ $-18M ▼
Q4-2024 $41.7M ▲ $68.6M ▲ $46.7M ▲ $-141.2M ▼ $-25.9M ▼ $63.3M ▲
Q3-2024 $18M $14.4M $-100K $-2M $12.3M $8.5M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q3-2025
Recreational Vehicles
Recreational Vehicles
 $150.00M ▲$160.00M ▲$150.00M ▼$160.00M ▲
Specialty Vehicles
Specialty Vehicles
 $430.00M ▲$440.00M ▲$370.00M ▼$480.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has hovered in roughly the same range over the past few years, so this is not a classic high‑growth story. The more interesting change is on profitability: margins have steadily improved, with a particularly strong jump in overall earnings in the most recent year. That latest profit level looks unusually high compared with prior years, which may reflect mix improvements and possibly some one‑off benefits. Overall, the trend is from low but positive profitability toward clearly healthier earnings, but investors should be cautious about assuming the very latest year is the new normal without digging into what drove that spike.

Balance Sheet

Balance Sheet The balance sheet looks generally sound and a bit cleaner than a few years ago. Total assets are fairly stable, which fits a company that has been refining its portfolio rather than aggressively expanding. Debt has been brought down over time, reducing financial risk and interest burden. Equity is solid but not rapidly growing, suggesting that value has been returned to shareholders or used for restructuring rather than building up book value. Cash on hand is relatively modest, so the company likely relies on steady operations and credit facilities for flexibility, making consistent execution important.

Cash Flow

Cash Flow Cash generation has been steadily positive, with the business producing cash from operations and leaving room for free cash flow even after investment in its facilities and equipment. Capital spending has been disciplined and relatively light, supporting cash flow but also indicating a focus on efficiency rather than heavy expansion. One nuance is that the most recent year shows lower operating cash flow than the prior year despite much higher reported earnings, which hints at more cash being tied up in working capital or timing effects. That gap between profit and cash is worth monitoring as a sign of earnings quality and how well the company is managing inventories, receivables, and payables.

Competitive Edge

Competitive Edge REV Group holds strong positions in several narrow but important niches, especially fire and emergency vehicles where it has well‑known brands and sizable market shares. The combination of many established brands, a large installed base, and ongoing parts and service needs creates a meaningful moat and recurring revenue opportunities. Demand from municipalities and other institutional buyers tends to be more stable than typical consumer markets, supported by replacement cycles and safety requirements. Diversification across fire and emergency, commercial, and recreation segments helps balance the business, though the recreation and commercial sides are more cyclical. Competition remains intense, but the company’s brand recognition, customization capabilities, and service network provide real advantages.

Innovation and R&D

Innovation and R&D The company is leaning into innovation in a focused way, particularly around alternative energy and advanced vehicle technology. Its fully electric fire truck, electric ambulances, and hydrogen fuel‑cell trucks position REV as an early mover in cleaner specialty vehicles, which could become a major differentiator as regulations and customer preferences shift. Proprietary technologies aimed at reducing idling and improving efficiency, along with partnerships for safety and connectivity, show a practical approach to R&D rather than blue‑sky experimentation. Localized manufacturing and modular design efforts are operational innovations meant to shorten lead times and improve margins. The main risk is execution: scaling these new technologies profitably, staying ahead of larger competitors, and ensuring that municipalities and fleet operators adopt them at a pace that justifies the investment.

Summary

REV Group today looks like a niche industrial business with stable revenue, improving profitability, and a gradually de‑risked balance sheet. It generates consistent free cash flow while keeping investment needs manageable, though the recent gap between earnings and cash points to working‑capital and execution details that matter. Competitively, it benefits from strong brands, leading positions in emergency vehicles, and a large installed base that feeds recurring parts and service demand. Its strategic focus on electrification, advanced safety, and operational efficiency could support better margins and differentiation over time, provided adoption and execution go as planned. Overall, the picture is of a specialized manufacturer moving from a more volatile past toward a more focused, higher‑quality business model, with the key variables being how durable the recent profitability gains are and how well it converts innovation into sustained, cash‑backed performance.

NEWS

November 13, 2025 · 3:23 PM UTC

REV Group Announces Expansion Investment in Horton Emergency Vehicles to Increase Capacity

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November 4, 2025 · 12:28 AM UTC

$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of REV Group, Inc. (NYSE: REVG)

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November 3, 2025 · 7:32 PM UTC

REV Group Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of REV Group, Inc. - REVG

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November 3, 2025 · 8:16 AM UTC

REVG Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of REV Group, Inc. is Fair to Shareholders

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October 30, 2025 · 7:00 AM UTC

TEREX AND REV GROUP ANNOUNCE STRATEGIC MERGER, CREATING A LEADING SPECIALTY EQUIPMENT MANUFACTURER; TEREX ANNOUNCES PLANS TO EXIT ITS AERIALS SEGMENT

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