Revenue growth remains highly volatile, fluctuating from a 24.4% expansion in 2026Q2 to a 10.7% contraction in 2024Q3, while net margins have struggled to exceed 2.3% over the last ten quarters.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 | Jun'96 |
|---|
| Sales/Revenue | 434.65M | 389.83M | 353.56M | 354.17M | 267.32M | 242M | 235.8M | 228.32M | 150.01M | 93.98M | 36.02M | 30.75M | 33.83M | 36.23M | 22.46M | 21.33M | 19.63M | 23.16M | 22.71M | 22.75M | 20.41M | 18.39M | 14.67M | 14.32M | 13.33M | 17.95M | 18.45M | 18M | 3.84M | 3.88M | 4.23M |
| Revenue Growth % | 17.47% | 10.26% | -0.17% | 32.49% | 10.46% | 2.63% | 3.28% | 52.2% | 59.62% | 160.94% | 17.11% | -9.1% | -6.61% | 61.31% | 5.31% | 8.67% | -15.25% | 1.98% | -0.19% | 11.43% | 11.02% | 25.33% | 2.48% | 7.41% | -25.75% | -2.68% | 2.49% | 368.86% | -1.13% | -8.18% | 0.68% |
| Cost of Goods Sold | 304.48M | 271.48M | 248.31M | 250.49M | 193.61M | 182.16M | 180.59M | 175.62M | 113.5M | 73.64M | 27.8M | 22.81M | 26.04M | 27.99M | 16.93M | 16.02M | 14.67M | 17.84M | 17.02M | 16.95M | 14.78M | 13.16M | 10.14M | 9.68M | 9.67M | 13.53M | 13.07M | 13.1M | 2.57M | 2.41M | 2.64M |
| COGS % of Revenue | - | 69.64% | 70.23% | 70.73% | 72.43% | 75.27% | 76.59% | 76.92% | 75.66% | 78.36% | 77.2% | 74.16% | 76.96% | 77.28% | 75.38% | 75.1% | 74.75% | 77.03% | 74.98% | 74.52% | 72.39% | 71.55% | 69.09% | 67.59% | 72.52% | 75.39% | 70.87% | 72.78% | 66.96% | 62.16% | 62.39% |
| Gross Profit | 130.17M | 118.35M | 105.25M | 103.68M | 73.71M | 59.84M | 55.21M | 52.7M | 36.51M | 20.34M | 8.21M | 7.95M | 7.79M | 8.23M | 5.53M | 5.31M | 4.96M | 5.32M | 5.68M | 5.8M | 5.64M | 5.23M | 4.53M | 4.64M | 3.66M | 4.42M | 5.37M | 4.9M | 1.27M | 1.47M | 1.59M |
| Gross Margin % | 29.95% | 30.36% | 29.77% | 29.27% | 27.57% | 24.73% | 23.41% | 23.08% | 24.34% | 21.64% | 22.8% | 25.84% | 23.04% | 22.72% | 24.62% | 24.9% | 25.25% | 22.97% | 25.02% | 25.48% | 27.61% | 28.45% | 30.91% | 32.41% | 27.48% | 24.61% | 29.13% | 27.22% | 33.04% | 37.84% | 37.61% |
| Gross Profit Growth % | - | 12.44% | 1.51% | 40.67% | 23.17% | 8.39% | 4.76% | 44.35% | 79.49% | 147.68% | 3.32% | 1.96% | -5.32% | 48.88% | 4.14% | 7.14% | -6.8% | -6.4% | -1.98% | 2.83% | 7.74% | 15.37% | -2.28% | 26.7% | -17.11% | -17.77% | 9.66% | 286.28% | -13.66% | -7.61% | -6.45% |
| Operating Expenses | 115.98M | 104.58M | 93.63M | 87.18M | 67.32M | 56.59M | 52.43M | 45.69M | 29.57M | 14.99M | 5.42M | 5.27M | 5.2M | 5.66M | 4.72M | 4.36M | 4.3M | 4.54M | 4.89M | 4.55M | 4.48M | 4.11M | 3.7M | 3.76M | 2.84M | 4.12M | 4.79M | 4.2M | 1.48M | 1.45M | 1.43M |
| OpEx % of Revenue | - | 26.83% | 26.48% | 24.61% | 25.18% | 23.39% | 22.23% | 20.01% | 19.71% | 15.95% | 15.05% | 17.13% | 15.36% | 15.63% | 21.02% | 20.43% | 21.92% | 19.61% | 21.54% | 19.99% | 21.96% | 22.34% | 25.25% | 26.29% | 21.34% | 22.93% | 25.98% | 23.33% | 38.51% | 37.35% | 33.89% |
| Selling, General & Admin | 115.98M | 104.58M | 93.63M | 87.08M | 67.32M | 56.59M | 52.43M | 45.69M | 29.57M | 14.99M | 5.42M | 5.27M | 5.2M | 5.66M | 4.72M | 4.36M | 4.3M | 4.54M | 4.89M | 4.51M | 4.46M | 4.06M | 3.66M | 3.72M | 3.77M | 4.71M | 4.42M | 3.9M | 1.25M | 1.21M | 1.15M |
| SG&A % of Revenue | - | 26.83% | 26.48% | 24.59% | 25.18% | 23.39% | 22.23% | 20.01% | 19.71% | 15.95% | 15.05% | 17.13% | 15.36% | 15.63% | 21.02% | 20.43% | 21.92% | 19.61% | 21.53% | 19.81% | 21.83% | 22.1% | 24.97% | 25.99% | 28.29% | 26.22% | 23.97% | 21.67% | 32.55% | 31.22% | 27.17% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.64K | 41.91K | 27.8K | 44.83K | 41.18K | 44.01K | 31.5K | 177.71K | 231.22K | 200K | 228.75K | 238.06K | 283.82K |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.01% | 0.18% | 0.14% | 0.24% | 0.28% | 0.31% | 0.24% | 0.99% | 1.25% | 1.11% | 5.96% | 6.13% | 6.71% |
| Other Operating Expenses | 0 | 0 | 0 | 102K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 14.18M | 13.77M | 11.63M | 16.51M | 6.39M | 3.25M | 2.78M | 4.26M | 6.93M | 5.35M | 2.79M | 2.68M | 2.6M | 2.57M | 808.74K | 953.48K | 653.98K | 777.93K | 791.24K | 1.25M | 1.15M | 1.12M | 829.82K | 876.06K | 818.16K | 301.21K | 580.77K | 700K | -209.85K | 18.87K | 157.48K |
| Operating Margin % | 3.26% | 3.53% | 3.29% | 4.66% | 2.39% | 1.34% | 1.18% | 1.87% | 4.62% | 5.69% | 7.75% | 8.71% | 7.68% | 7.1% | 3.6% | 4.47% | 3.33% | 3.36% | 3.48% | 5.49% | 5.65% | 6.11% | 5.66% | 6.12% | 6.14% | 1.68% | 3.15% | 3.89% | -5.47% | 0.49% | 3.72% |
| Operating Income Growth % | - | 18.4% | -29.55% | 158.35% | 96.83% | 16.76% | -34.77% | -38.53% | 29.61% | 91.69% | 4.2% | 3.07% | 1.07% | 217.91% | -15.18% | 45.8% | -15.93% | -1.68% | -36.6% | 8.26% | 2.59% | 35.41% | -5.28% | 7.08% | 171.63% | -48.14% | -17.03% | 433.57% | -1212.26% | -88.02% | -47.51% |
| EBITDA | 22.13M | 20.46M | 17.61M | 22.53M | 11.6M | 7.9M | 6.49M | 6.96M | 8.51M | 5.93M | 2.85M | 2.74M | 2.66M | 2.63M | 858.66K | 1.01M | 729.03K | 906.15K | 923.6K | 1.37M | 1.3M | 1.24M | 944.76K | 991K | 931.27K | 524.4K | 719.8K | 800K | -135.84K | 85.42K | 229.63K |
| EBITDA Margin % | 5.09% | 5.25% | 4.98% | 6.36% | 4.34% | 3.26% | 2.75% | 3.05% | 5.68% | 6.31% | 7.92% | 8.9% | 7.86% | 7.26% | 3.82% | 4.73% | 3.71% | 3.91% | 4.07% | 6.02% | 6.34% | 6.76% | 6.44% | 6.92% | 6.99% | 2.92% | 3.9% | 4.44% | -3.54% | 2.2% | 5.43% |
| EBITDA Growth % | 11.6% | 16.18% | -21.83% | 94.26% | 46.87% | 21.6% | -6.72% | -18.22% | 43.66% | 107.76% | 4.2% | 2.96% | 1.13% | 206.17% | -14.93% | 38.45% | -19.55% | -1.89% | -32.51% | 5.65% | 4.21% | 31.55% | -4.67% | 6.41% | 77.59% | -27.15% | -10.02% | 688.93% | -259.02% | -62.8% | 14.82% |
| D&A (Non-Cash Add-back) | 7.95M | 6.69M | 5.98M | 6.02M | 5.21M | 4.65M | 3.71M | 2.7M | 1.58M | 576K | 61.4K | 58.81K | 59.87K | 57.87K | 49.92K | 55.87K | 75.05K | 128.22K | 132.37K | 120.48K | 142.45K | 119.24K | 114.95K | 114.94K | 113.1K | 223.19K | 139.03K | 100K | 74.01K | 66.56K | 72.16K |
| EBIT | 14.18M | 14.07M | 11.63M | 16.61M | 6.39M | 10.52M | 2.78M | 7M | 6.93M | 5.35M | 2.79M | 2.68M | 2.6M | 2.59M | 808.74K | 953.48K | 653.98K | 777.93K | 791.24K | 1.25M | 1.15M | 1.12M | 829.82K | 876.06K | 818.16K | 612.65K | 580.77K | 700K | -500K | 100K | 157.48K |
| Net Interest Income | -3.98M | -2.74M | -2.74M | -2.51M | -679K | -635K | -1.43M | -1.39M | -552K | -160K | 2K | 4.3K | 6.02K | 15.53K | 19.46K | 21.63K | 13.21K | 74.62K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 4.3K | 6.02K | 15.53K | 19.46K | 21.63K | 13.21K | 74.62K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3.98M | 2.74M | 2.74M | 2.51M | 679K | 635K | 1.43M | 1.39M | 552K | 160K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -3.98M | -2.74M | -2.74M | -2.51M | -679K | 6.64M | -1.43M | -1.39M | -552K | -160K | 2.26K | 4.3K | 6.02K | 15.53K | 19.46K | 21.63K | 13.21K | 74.62K | 163.36K | 162.79K | 75.44K | 10.69K | 23.81K | 4.16K | -43.11K | 208.7K | 948.68K | 500K | -289.82K | 6.25K | 11K |
| Pretax Income | 10.2M | 11.03M | 8.88M | 14M | 5.71M | 9.89M | 1.35M | 5.62M | 6.38M | 5.19M | 2.79M | 2.68M | 2.6M | 2.59M | 828.2K | 975.11K | 667.19K | 852.55K | 954.59K | 1.41M | 1.23M | 1.13M | 853.63K | 880.22K | 775.06K | 198.47K | 1.53M | 1.2M | -499.67K | 25.12K | 168.47K |
| Pretax Margin % | 2.35% | 2.83% | 2.51% | 3.95% | 2.14% | 4.09% | 0.57% | 2.46% | 4.25% | 5.52% | 7.76% | 8.72% | 7.7% | 7.14% | 3.69% | 4.57% | 3.4% | 3.68% | 4.2% | 6.2% | 6.02% | 6.17% | 5.82% | 6.15% | 5.81% | 1.11% | 8.29% | 6.67% | -13.02% | 0.65% | 3.98% |
| Income Tax | 3.13M | 3.53M | 3.24M | 4.28M | 1.61M | 1.5M | 573K | 1.87M | 2.42M | 2.02M | 1.05M | 1.01M | 984.42K | 979.38K | 316.51K | 371.33K | 253.13K | 325.68K | 352.74K | 529.73K | 424.2K | 428.05K | 317.41K | 334.09K | 295.08K | 76K | 564K | 400K | -150K | 13K | 44K |
| Effective Tax Rate % | 30.72% | 31.99% | 36.45% | 30.57% | 28.28% | 15.21% | 42.51% | 33.35% | 37.86% | 38.98% | 37.7% | 37.68% | 37.79% | 37.86% | 38.22% | 38.08% | 37.94% | 38.2% | 36.95% | 37.55% | 34.54% | 37.74% | 37.18% | 37.96% | 38.07% | 38.29% | 36.88% | 33.33% | 30.02% | 51.75% | 26.12% |
| Net Income | 7.07M | 7.5M | 5.65M | 9.72M | 4.09M | 8.38M | 775K | 3.74M | 3.97M | 3.17M | 1.74M | 1.67M | 1.62M | 1.61M | 511.69K | 603.77K | 414.07K | 526.86K | 601.85K | 880.99K | 803.98K | 706.26K | 536.22K | 603.79K | -280.01K | 122.47K | 965.45K | 800K | -349.67K | 12.12K | 124.47K |
| Net Margin % | 1.63% | 1.92% | 1.6% | 2.74% | 1.53% | 3.46% | 0.33% | 1.64% | 2.64% | 3.37% | 4.83% | 5.44% | 4.79% | 4.44% | 2.28% | 2.83% | 2.11% | 2.28% | 2.65% | 3.87% | 3.94% | 3.84% | 3.65% | 4.22% | -2.1% | 0.68% | 5.23% | 4.44% | -9.11% | 0.31% | 2.94% |
| Net Income Growth % | -5.37% | 32.8% | -41.91% | 137.34% | -51.16% | 981.81% | -79.29% | -5.62% | 25.23% | 82.01% | 4.08% | 3.18% | 0.81% | 214.1% | -15.25% | 45.82% | -21.41% | -12.46% | -31.68% | 9.58% | 13.84% | 31.71% | -11.19% | 315.63% | -328.63% | -87.31% | 20.68% | 328.79% | -2984.83% | -90.26% | 24.47% |
| Net Income (Continuing) | 7.07M | 7.5M | 5.65M | 9.72M | 4.09M | 8.38M | 775K | 3.74M | 3.97M | 3.17M | 1.74M | 1.67M | 1.62M | 1.61M | 511.69K | 603.77K | 414.07K | 526.86K | 601.85K | 880.99K | 803.98K | 706.26K | 536.22K | 546.13K | 479.98K | 314.67K | 965.45K | 800K | -300K | 12.12K | 124.47K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.52 | 0.49 | 0.37 | 0.67 | 0.29 | 0.61 | 0.06 | 0.31 | 0.35 | 0.30 | 0.25 | 0.24 | 0.23 | 0.23 | 0.07 | 0.09 | 0.06 | 0.07 | 0.09 | 0.13 | 0.11 | 0.10 | 0.08 | 0.09 | -0.04 | 0.02 | 0.13 | 0.12 | -0.05 | 0.00 | 0.02 |
| EPS Growth % | -10.63% | 32.43% | -44.78% | 131.03% | -52.46% | 940.96% | -81.1% | -11.43% | 16.67% | 20% | 4.17% | 4.35% | 0% | 216.37% | -15.27% | 45.67% | -21.36% | -12.4% | -34.23% | 18.18% | 10% | 31.06% | -11.59% | 315.75% | -332.56% | -86.77% | 8.33% | 328.57% | - | -90.37% | 24.67% |
| EPS (Basic) | - | 0.50 | 0.39 | 0.68 | 0.30 | 0.63 | 0.06 | 0.32 | 0.37 | 0.30 | 0.25 | 0.24 | 0.23 | 0.23 | 0.07 | 0.09 | 0.06 | 0.07 | 0.09 | 0.13 | 0.11 | 0.10 | 0.08 | 0.09 | -0.04 | 0.02 | 0.14 | 0.13 | -0.05 | 0.00 | 0.02 |
| Diluted Shares Outstanding | 13.66M | 13.16M | 13.15M | 12.8M | 12.65M | 12.58M | 12.17M | 12.02M | 11.19M | 10.47M | 7.03M | 7.03M | 7.03M | 7.03M | 7.03M | 7.03M | 7.03M | 7.03M | 7.04M | 7.04M | 7.03M | 7.04M | 7.03M | 7M | 7M | 7.12M | 7.31M | 6.49M | 6.67M | 6.67M | 6.67M |
| Basic Shares Outstanding | 12.77M | 15.3M | 12.68M | 12.55M | 12.37M | 12.14M | 11.84M | 11.53M | 10.84M | 10.47M | 7.03M | 7.03M | 7.03M | 7.03M | 7.03M | 7.03M | 7.03M | 7.03M | 7.03M | 7.03M | 7.03M | 7.02M | 7.01M | 7M | 7M | 7M | 6.95M | 6.17M | 6.67M | 6.67M | 6.67M |
| Dividend Payout Ratio | - | 61.26% | 72.1% | - | - | - | - | 43.25% | 35.38% | 32.84% | 80.85% | 84.14% | 173.64% | 262.58% | 68.73% | - | - | - | 46.75% | 63.88% | 69.95% | 94.49% | 65.41% | - | - | - | - | 87.5% | - | - | - |
Acquisition integration margin dilution
As reported in recent financial filings, EVI's revenue growth has exhibited significant volatility, fluctuating from a 24.4% expansion in 2026Q2 to a contraction of 10.7% in 2024Q3, suggesting that top-line performance remains heavily dependent on the timing of acquisition closings rather than steady organic demand.
The erratic nature of revenue growth indicates that the company's scale is currently driven by inorganic deployment rather than consistent same-store sales performance. Investors should monitor whether the company can sustain a positive growth trajectory without relying on a continuous, and potentially expensive, pipeline of new acquisitions.
Based on the provided income statement data, EVI maintains a gross margin hovering around 30%, yet net margins have struggled to exceed 2.3% in any of the last ten quarters, reflecting the high cost of maintaining a decentralized, service-heavy industrial distribution model across a fragmented footprint.
The disparity between gross and net margins suggests that the company's operating structure is burdened by significant overhead costs that do not scale linearly with revenue. This thin profitability profile warrants further investigation into whether the company can eventually achieve operating leverage or if the current cost structure is a permanent feature of its business model.
According to the company's reported figures, SG&A expenses have consistently consumed the vast majority of gross profit, leaving operating margins as low as 2.2% in 2026Q3, which highlights the heavy investment required to support the corporate infrastructure and the ongoing acquisition-led growth strategy.
The persistent level of SG&A spending suggests that the company is prioritizing geographic expansion and the retention of local management talent over immediate bottom-line optimization. Analysts should evaluate whether these expenses are truly necessary for long-term growth or if they represent an inefficient allocation of capital that limits shareholder returns.
As evidenced by the quarterly data, EPS has experienced extreme swings, such as the 192.4% growth in 2025Q1 followed by a 56.0% decline in 2026Q1, indicating that reported net income is highly sensitive to non-operating items and the timing of integration-related costs.
The lack of stability in EPS suggests that GAAP earnings may not be the most reliable metric for assessing the company's true operational health. Investors should look past the headline volatility to determine if the underlying cash-generating capacity of the business is actually improving or if it remains stagnant.
Quick answers to the most common questions about buying EVI stock.
For fiscal year 2025, EVI Industries, Inc. (EVI) reported total revenue of $389.8M. This represents a 9119.0% increase compared to $4.2M in 1996.
EVI Industries, Inc. (EVI) is profitable, generating $7.5M in net income for the fiscal year ending 2025 with a net profit margin of 1.9%.
EVI Industries, Inc. (EVI) reported an operating income of $13.8M, resulting in an operating profit margin of 3.5%. This margin reflects the operational efficiency of the business before interest and taxes.
EVI Industries, Inc. (EVI) generated $118.3M in gross profit for the year, representing a gross profit margin of 30.4%. This demonstrates the company's core pricing power and production efficiency.