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REV Group, Inc. (REVG) 10-Year Financial Performance & Capital Metrics

REVG • • Industrial / General
IndustrialsAgricultural MachineryTransportation & Vehicle EquipmentCommercial Vehicles & Trailers
AboutREV Group, Inc. designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, Europe, Africa, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brands. The Commercial segment offers transit buses, type A school buses, sweepers, and terminal trucks under the Collins Bus, Capacity, ENC, and Lay-Mor brands. The Recreation segment offers motorized and towable RV models under the American Coach, Fleetwood RV, Holiday Rambler, Renegade, Midwest, and Lance brands; and produces a range of custom molded fiberglass products for the heavy-duty truck, RV, and broader industrial markets. The company sells its products to municipalities, government agencies, private contractors, consumers, and industrial and commercial end users through its direct sales force or dealer network. The company was formerly known as Allied Specialty Vehicles, Inc. and changed its name to REV Group, Inc. in November 2015. REV Group, Inc. is based in Brookfield, Wisconsin.Show more
  • Revenue $2.46B +3.5%
  • EBITDA $219M +108.4%
  • Net Income $95M -63.0%
  • EPS (Diluted) 1.89 -60.0%
  • Gross Margin 15.01% +20.2%
  • EBITDA Margin 8.88% +101.3%
  • Operating Margin 7.83% +134.0%
  • Net Margin 3.86% -64.3%
  • ROE 22.36% -59.5%
  • ROIC 29.93% +199.0%
  • Debt/Equity 0.13 -50.3%
  • Interest Coverage 7.68 +175.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 29.0%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Momentum leader: RS Rating 85 (top 15%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 7.8% through buybacks
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.57%
5Y1.58%
3Y1.85%
TTM-3.17%

Profit (Net Income) CAGR

10Y15.33%
5Y-
3Y84.33%
TTM-56.03%

EPS CAGR

10Y18.04%
5Y-
3Y96.26%
TTM-49.88%

ROCE

10Y Avg9.42%
5Y Avg12.44%
3Y Avg15.86%
Latest27%

Peer Comparison

Commercial Vehicles & Trailers
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
REVGREV Group, Inc.3.35B68.5536.273.5%4.51%27.89%5.68%0.13
PCARPACCAR Inc64.03B121.9215.43-4.29%9.65%13.89%4.52%0.91
OSKOshkosh Corporation9.7B153.3614.7711.1%6.45%14.68%2.77%0.23
XOSXos, Inc.25.39M2.24-0.3325.69%-66.13%-111.23%1.28
WNCWabash National Corporation439.61M10.85-1.70-23.25%15.89%61.98%10.26%2.28

Profit & Loss

Oct 2016Oct 2017Oct 2018Oct 2019Oct 2020Oct 2021Oct 2022Oct 2023Oct 2024Oct 2025
Sales/Revenue+1.93B2.27B2.38B2.4B2.28B2.38B2.33B2.64B2.38B2.46B
Revenue Growth %0.11%0.18%0.05%0.01%-0.05%0.05%-0.02%0.13%-0.1%0.03%
Cost of Goods Sold+1.7B1.97B2.1B2.15B2.05B2.09B2.08B2.32B2.08B2.09B
COGS % of Revenue0.88%0.87%0.88%0.9%0.9%0.88%0.89%0.88%0.88%0.85%
Gross Profit+229.93M294.6M278M251.8M228.1M291M247.5M316.1M297.3M369.8M
Gross Margin %0.12%0.13%0.12%0.1%0.1%0.12%0.11%0.12%0.12%0.15%
Gross Profit Growth %0.26%0.28%-0.06%-0.09%-0.09%0.28%-0.15%0.28%-0.06%0.24%
Operating Expenses+154.01M207.4M207.4M221.3M224M207.2M210.7M227.5M217.7M187.6M
OpEx % of Revenue0.08%0.09%0.09%0.09%0.1%0.09%0.09%0.09%0.09%0.08%
Selling, General & Admin139.77M188.26M182.8M199.3M204.9M189M190M213.5M188.7M187.6M
SG&A % of Revenue0.07%0.08%0.08%0.08%0.09%0.08%0.08%0.08%0.08%0.08%
Research & Development4.82M4.22M6.5M4.8M5.8M4.4M4.2M4.7M05.8M
R&D % of Revenue0%0%0%0%0%0%0%0%-0%
Other Operating Expenses9.42M14.92M18.1M17.2M13.3M13.8M16.5M9.3M29M-5.8M
Operating Income+72.4M82.69M27.8M30.5M4.1M83.8M36.8M88.6M79.6M192.8M
Operating Margin %0.04%0.04%0.01%0.01%0%0.04%0.02%0.03%0.03%0.08%
Operating Income Growth %0.17%0.14%-0.66%0.1%-0.87%19.44%-0.56%1.41%-0.1%1.42%
EBITDA+96.99M120.5M73.8M76M44.3M115.8M69.1M114.8M105M218.8M
EBITDA Margin %0.05%0.05%0.03%0.03%0.02%0.05%0.03%0.04%0.04%0.09%
EBITDA Growth %0.19%0.24%-0.39%0.03%-0.42%1.61%-0.4%0.66%-0.09%1.08%
D&A (Non-Cash Add-back)24.59M37.81M46M45.5M40.2M32M32.3M26.2M25.4M26M
EBIT72.4M70.77M70.6M15.9M-20.4M88.1M36.7M86.8M368.9M142.6M
Net Interest Income+-29.2M-20.7M-25.6M-32.5M-25.7M-17.3M-16.9M-28.6M-28.5M-25.1M
Interest Income047K00000000
Interest Expense29.16M20.75M25.6M32.5M25.7M17.3M16.9M28.6M28.5M25.1M
Other Income/Expense-29.2M-32.67M-25.6M-32.5M-28.2M-28.1M-17M-30.4M260.8M-75.3M
Pretax Income+43.24M50.02M2.2M-16.6M-46.1M55.7M19.8M58.2M340.4M117.5M
Pretax Margin %0.02%0.02%0%-0.01%-0.02%0.02%0.01%0.02%0.14%0.05%
Income Tax+13.05M18.65M-10.8M-3.5M-15.6M11.3M4.6M12.9M82.8M22.3M
Effective Tax Rate %0.7%0.63%5.91%0.79%0.66%0.8%0.77%0.78%0.76%0.81%
Net Income+30.19M31.37M13M-13.1M-30.5M44.4M15.2M45.3M257.6M95.2M
Net Margin %0.02%0.01%0.01%-0.01%-0.01%0.02%0.01%0.02%0.11%0.04%
Net Income Growth %0.32%0.04%-0.59%-2.01%-1.33%2.46%-0.66%1.98%4.69%-0.63%
Net Income (Continuing)30.19M31.37M13M-13.1M-30.5M44.4M15.2M45.3M257.6M95.2M
Discontinued Operations0000000000
Minority Interest001M200K000000
EPS (Diluted)+0.470.500.20-0.21-0.480.690.250.774.721.89
EPS Growth %0.31%0.06%-0.6%-2.05%-1.29%2.44%-0.64%2.08%5.13%-0.6%
EPS (Basic)0.470.520.20-0.21-0.480.700.250.774.791.92
Diluted Shares Outstanding63.7M62.41M65.21M62.79M63.04M64.65M61.18M59.18M54.63M50.37M
Basic Shares Outstanding63.7M60.74M63.97M62.79M63.04M63.39M60.5M58.64M54.58M49.67M
Dividend Payout Ratio-0.2%0.98%--0.15%0.82%0.27%0.75%0.14%

Balance Sheet

Oct 2016Oct 2017Oct 2018Oct 2019Oct 2020Oct 2021Oct 2022Oct 2023Oct 2024Oct 2025
Total Current Assets+529.73M726.83M843.1M809.1M812M761M888.4M933.2M806.5M777.7M
Cash & Short-Term Investments10.82M17.84M11.9M3.3M11.4M13.3M20.4M21.3M24.6M34.7M
Cash Only10.82M17.84M11.9M3.3M11.4M13.3M20.4M21.3M24.6M34.7M
Short-Term Investments0000000000
Accounts Receivable181.24M243.24M266.9M253.5M229.3M213.3M215M226.5M152.3M167.6M
Days Sales Outstanding34.3539.1540.9138.4936.7532.733.6631.3423.3624.83
Inventory325.63M452.38M514M513.4M537.2M481.7M629.5M657.7M602.8M527.1M
Days Inventory Outstanding70.0883.6889.287.0895.6784.13110.25103.39105.6391.89
Other Current Assets12.04M13.37M50.3M38.9M34.1M36.2M5.5M6.1M26.8M48.3M
Total Non-Current Assets+359.29M527.6M565M538M500.3M477.3M456.2M477.2M406.5M422.3M
Property, Plant & Equipment146.42M217.08M214.3M201.7M191.6M176.7M169.1M196.5M162.3M178.1M
Fixed Asset Turnover13.15x10.45x11.11x11.92x11.89x13.47x13.79x13.42x14.67x13.83x
Goodwill84.51M133.24M161.8M159.8M157.3M157.3M157.3M157.3M137.7M137.7M
Intangible Assets124.04M167.89M174.6M159.9M136.1M126.3M119.2M115.7M95.4M85.8M
Long-Term Investments0-22.53M-19.9M-15.4M-2.9M-21.4M-22.8M-8.2M00
Other Non-Current Assets4.32M9.39M14.3M16.6M15.3M17M12.4M15.9M5.7M11M
Total Assets+889.02M1.25B1.41B1.35B1.31B1.24B1.34B1.41B1.21B1.2B
Asset Turnover2.17x1.81x1.69x1.78x1.74x1.92x1.73x1.87x1.96x2.05x
Asset Growth %0.28%0.41%0.12%-0.04%-0.03%-0.06%0.09%0.05%-0.14%-0.01%
Total Current Liabilities+331.6M410.08M417.2M436M447.3M437M527.4M557.2M469.3M515.3M
Accounts Payable129.48M217.27M218.1M200.8M169.5M116.2M163.9M208.3M188.8M194.8M
Days Payables Outstanding27.8640.1937.8534.0630.1920.328.732.7433.0833.96
Short-Term Debt0750K1.3M3.6M1.7M7.1M5.4M7.4M7.3M5.1M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities66.29M51.76M57.5M75.4M42.7M56.2M52.6M52.9M107.9M139.2M
Current Ratio1.60x1.77x2.02x1.86x1.82x1.74x1.68x1.67x1.72x1.51x
Quick Ratio0.62x0.67x0.79x0.68x0.61x0.64x0.49x0.49x0.43x0.49x
Cash Conversion Cycle76.5682.6492.2691.52102.2396.54115.2101.9895.982.76
Total Non-Current Liabilities+297.2M271.91M458.5M405.9M392.7M282.5M360.9M355.2M308.6M268.4M
Long-Term Debt256.04M229.1M420.6M376.6M340.5M215M230M150M85M56.1M
Capital Lease Obligations000016.9M12.8M14.2M30M25.7M16.1M
Deferred Tax Liabilities17.45M22.53M19.9M15.4M2.9M21.4M21M8.2M47.1M0
Other Non-Current Liabilities23.71M42.81M18M13.9M32.4M33.3M20.9M24.1M37.8M37.4M
Total Liabilities628.8M681.99M875.7M841.9M840M719.5M888.3M912.4M777.9M783.7M
Total Debt+256.04M229.85M421.9M380.2M367.5M234.9M250.3M187.4M118M56.1M
Net Debt245.22M212.02M410M376.9M356.1M221.6M229.9M166.1M93.4M21.4M
Debt / Equity0.98x0.40x0.79x0.75x0.78x0.45x0.55x0.38x0.27x0.13x
Debt / EBITDA2.64x1.91x5.72x5.00x8.30x2.03x3.62x1.63x1.12x0.26x
Net Debt / EBITDA2.53x1.76x5.56x4.96x8.04x1.91x3.33x1.45x0.89x0.10x
Interest Coverage2.48x3.99x1.09x0.94x0.16x4.84x2.18x3.10x2.79x7.68x
Total Equity+260.22M572.44M533.4M505.2M472.3M518.8M456.3M498M435.1M416.3M
Equity Growth %0.08%1.2%-0.07%-0.05%-0.07%0.1%-0.12%0.09%-0.13%-0.04%
Book Value per Share4.099.178.188.057.498.027.468.427.978.26
Total Shareholders' Equity260.22M572.44M532.4M505M472.3M518.8M456.3M498M435.1M416.3M
Common Stock50K64K100K100K100K100K100K100K100K100K
Retained Earnings31.66M40.35M40.6M15.8M-21.1M16.7M19.5M52.7M118.3M200.6M
Treasury Stock0000000000
Accumulated OCI39K35K-1.4M-1.7M-2.8M-100K300K200K200K200K
Minority Interest001M200K000000

Cash Flow

Oct 2016Oct 2017Oct 2018Oct 2019Oct 2020Oct 2021Oct 2022Oct 2023Oct 2024Oct 2025
Cash from Operations+75.57M33.17M-19.2M52.5M55.7M158.3M91.6M126.5M53.4M241.1M
Operating CF Margin %0.04%0.01%-0.01%0.02%0.02%0.07%0.04%0.05%0.02%0.1%
Operating CF Growth %1.95%-0.56%-1.58%3.73%0.06%1.84%-0.42%0.38%-0.58%3.51%
Net Income30.19M31.37M13M-13.1M-30.5M44.4M15.2M45.3M257.6M95.2M
Depreciation & Amortization24.59M37.81M46M45.7M40.2M32M32.3M26.2M25.4M26M
Stock-Based Compensation19.69M26.63M6.3M7.2M7.8M7.8M8.7M14.4M12.7M12.3M
Deferred Taxes-3.66M2.88M-4.1M-5M-27.8M1.1M-500K-12.8M-15.3M-17.7M
Other Non-Cash Items2.62M12.6M34.5M9M15.9M12.8M1.8M1.9M-274.5M38.4M
Working Capital Changes2.13M-78.12M-114.9M8.7M50.1M60.2M34.1M51.5M47.5M86.9M
Change in Receivables-52.43M-39.72M-22.3M13.4M52.9M16.6M-1.8M13.2M64.2M-17.4M
Change in Inventory-8.05M-61.86M-74.5M-2.7M27.1M52.8M-149.5M-30.7M26.3M57.9M
Change in Payables44.8M54.7M6.1M-17.2M-36.7M-49.7M47.8M44.4M-11.7M5M
Cash from Investing+-84.43M-229.1M-119.6M200K1.7M-10.2M-14.8M-29.9M348.5M-50.3M
Capital Expenditures-48.54M-79.34M-60.7M-23.8M-16.8M-24.7M-24.8M-32.8M-27.6M-51.1M
CapEx % of Revenue0.03%0.03%0.03%0.01%0.01%0.01%0.01%0.01%0.01%0.02%
Acquisitions----------
Investments----------
Other Investing2.27M6.6M8.7M24M11.3M12.5M6.4M1.7M376.1M800K
Cash from Financing+14.71M202.94M132.9M-61.3M-49.3M-146.2M-69.7M-95.7M-398.6M-180.7M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0-6.38M-12.8M-12.5M-9.5M-6.6M-12.4M-12.1M-192M-12.9M
Share Repurchases----------
Other Financing-1.05M-695K7.5M1.8M-1.4M-300K-2.3M-3.7M-15.5M-15.2M
Net Change in Cash----------
Free Cash Flow+27.03M-46.17M-79.9M28.7M38.9M133.6M66.8M93.7M25.8M190M
FCF Margin %0.01%-0.02%-0.03%0.01%0.02%0.06%0.03%0.04%0.01%0.08%
FCF Growth %1.65%-2.71%-0.73%1.36%0.36%2.43%-0.5%0.4%-0.72%6.36%
FCF per Share0.42-0.74-1.230.460.622.071.091.580.473.77
FCF Conversion (FCF/Net Income)2.50x1.06x-1.48x-4.01x-1.83x3.57x6.03x2.79x0.21x2.53x
Interest Paid25.8M26.8M23M30.3M23.2M14.8M024.2M23.8M17.8M
Taxes Paid5.8M11.3M15.8M9.1M5.5M3.8M08.8M108.3M44.5M

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)12.07%7.54%2.35%-2.52%-6.24%8.96%3.12%9.49%55.21%22.36%
Return on Invested Capital (ROIC)11.4%9.62%2.41%2.51%0.36%8.01%3.87%9.84%10.01%29.93%
Gross Margin11.94%12.99%11.67%10.48%10.01%12.22%10.62%11.98%12.49%15.01%
Net Margin1.57%1.38%0.55%-0.55%-1.34%1.86%0.65%1.72%10.82%3.86%
Debt / Equity0.98x0.40x0.79x0.75x0.78x0.45x0.55x0.38x0.27x0.13x
Interest Coverage2.48x3.99x1.09x0.94x0.16x4.84x2.18x3.10x2.79x7.68x
FCF Conversion2.50x1.06x-1.48x-4.01x-1.83x3.57x6.03x2.79x0.21x2.53x
Revenue Growth11%17.75%5.01%0.94%-5.25%4.53%-2.07%13.14%-9.77%3.5%

Revenue by Segment

201720182019202020212022202320242025
Specialty Vehicles-------1.73B1.81B
Specialty Vehicles Growth--------5.12%
Recreational Vehicles-------654.6M649.2M
Recreational Vehicles Growth---------0.82%
Fire And Emergency-938.2M909M1.09B1.09B965.4M1.17B--
Fire And Emergency Growth---3.11%19.78%0.33%-11.63%21.65%--
Recreation12.94M808.2M706.4M652.7M853.3M957.8M912.3M--
Recreation Growth-6147.20%-12.60%-7.60%30.73%12.25%-4.75%--
Commercial9.36M632.3M713.5M480.2M386.4M410.2M553.6M--
Commercial Growth-6656.06%12.84%-32.70%-19.53%6.16%34.96%--
Corporate And Other-22.3M--------
Corporate And Other Growth---------

Revenue by Geography

201720182019202020212022202320242025
North America-------2.36B2.44B
North America Growth--------3.20%
Rest Of World20.46M400K----24.3M16.8M24.4M
Rest Of World Growth--98.05%------30.86%45.24%
UNITED STATES2.24B-26.2M-3M--2.61B--
UNITED STATES Growth--101.17%-------
Europe864K100K-------
Europe Growth--88.43%-------
Middle East5.93M--------
Middle East Growth---------

Frequently Asked Questions

Valuation & Price

REV Group, Inc. (REVG) has a price-to-earnings (P/E) ratio of 36.3x. This suggests investors expect higher future growth.

Growth & Financials

REV Group, Inc. (REVG) reported $2.40B in revenue for fiscal year 2025. This represents a 39% increase from $1.72B in 2014.

REV Group, Inc. (REVG) grew revenue by 3.5% over the past year. Growth has been modest.

Yes, REV Group, Inc. (REVG) is profitable, generating $108.0M in net income for fiscal year 2025 (3.9% net margin).

Dividend & Returns

Yes, REV Group, Inc. (REVG) pays a dividend with a yield of 0.37%. This makes it attractive for income-focused investors.

REV Group, Inc. (REVG) has a return on equity (ROE) of 22.4%. This is excellent, indicating efficient use of shareholder capital.

REV Group, Inc. (REVG) generated $199.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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