American Vanguard Corp income statement
In fiscal 2025, American Vanguard Corp reported revenue of $515m, down 5.9% on the year before, operating income of −$28.3m (a -5.5% margin) and net income of −$49.9m, or −$1.75 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 206 | 227 | 301 | 366 | 381 | 299 | 289 | 312 | 355 | 454 | 468 | 459 | 558 | 610 | 579 | 547 | 515 | 510 |
| Cost of revenue | 149 | 141 | 178 | 205 | 210 | 184 | 177 | 184 | 208 | 272 | 291 | 286 | 387 | 417 | 400 | 427 | 368 | 360 |
| Gross profit | 57 | 86 | 123 | 161 | 171 | 114 | 112 | 128 | 147 | 183 | 177 | 173 | 171 | 192 | 179 | 120 | 148 | 150 |
| Research and development | — | 13 | 18 | 21 | 22 | 21 | 19 | 21 | 26 | 26 | 24 | 26 | 29 | 32 | 38 | 33 | 23 | 23 |
| Selling, general and administrative | — | — | — | — | — | — | — | — | — | — | — | — | 111 | 120 | 117 | 120 | 111 | 110 |
| General and administrative | — | 18 | 21 | 30 | 34 | 27 | 29 | 32 | 38 | 43 | 47 | 36 | — | — | — | — | — | — |
| Operating income | −6 | 19 | 39 | 59 | 56 | 7 | 12 | 21 | 27 | 39 | 26 | 23 | 31 | 41 | 23 | −102 | −28 | −27 |
| Interest expense | 3 | 3 | 4 | 3 | 2 | 3 | 3 | 2 | 2 | 4 | 7 | 5 | 4 | 4 | 13 | 17 | 18 | 25 |
| Income before tax | −10 | 16 | 35 | 57 | 54 | 4 | 9 | 19 | 25 | 34 | 19 | 18 | 27 | 36 | 10 | −120 | −47 | −53 |
| Income tax | −4 | 5 | 13 | 20 | 19 | −0 | 2 | 6 | 4 | 9 | 5 | 3 | 8 | 9 | 3 | 6 | 3 | 2 |
| Net income | −6 | 11 | 22 | 37 | 34 | 5 | 7 | 13 | 20 | 24 | 14 | 15 | 19 | 27 | 8 | −126 | −50 | −55 |
| Diluted EPS | −$0.21 | $0.40 | $0.79 | $1.28 | $1.19 | $0.17 | $0.23 | $0.44 | $0.68 | $0.81 | $0.46 | $0.51 | $0.61 | $0.92 | $0.26 | −$4.50 | −$1.75 | −$1.91 |
| Diluted shares (average) | 27m | 28m | 28m | 29m | 29m | 29m | 29m | 29m | 30m | 30m | 30m | 30m | 30m | 30m | 29m | 28m | 28m | 29m |
| EBITDA | 4 | 30 | 53 | 73 | 71 | 23 | 28 | 37 | 44 | 58 | 45 | 43 | 40 | 50 | 30 | −96 | −23 | −28 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 118 | 166 | 116 | 129 | 119 | 151 | 124 | 117 |
| Cost of revenue | 101 | 143 | 86 | 89 | 85 | 108 | 85 | 82 |
| Gross profit | 17 | 23 | 30 | 41 | 34 | 43 | 38 | 35 |
| Research and development | 11 | 7 | 6 | 6 | 6 | 6 | 5 | 6 |
| Selling, general and administrative | 26 | 33 | 27 | 29 | 27 | 29 | 28 | 27 |
| Operating income | −28 | −70 | −4 | 4 | −7 | −22 | 2 | −0 |
| Interest expense | 4 | 5 | 4 | 4 | 5 | 5 | 6 | 9 |
| Income before tax | −33 | −77 | −8 | −0 | −12 | −27 | −4 | −9 |
| Income tax | −7 | 13 | 0 | 1 | 0 | 1 | 0 | 0 |
| Net income | −26 | −90 | −8 | −1 | −12 | −28 | −4 | −10 |
| Diluted EPS | −$0.91 | −$3.22 | −$0.30 | −$0.03 | −$0.43 | −$0.99 | −$0.14 | −$0.34 |
| EBITDA | −26 | −81 | 0 | 6 | −5 | −31 | 7 | 1 |
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