Zacks Investment Research·Jun 16, 2026
OUST-Benchmark Manufacturing Deal for REV8: Is It Worth the Hype?OUST's expanded Benchmark deal could scale Rev8 production, but investors still need proof of a stronger second-half 2026 revenue ramp.
REV Group, Inc.(REVG)Earnings, Financials & Key Ratios
REVG•NYSE
$63.90
33.8× P/E·Price updated Jun 20, 2026
SectorIndustrialsIndustryAgricultural MachinerySub-IndustrySpecialty Vehicles and Other/Misclassified
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 Margin15.01%+20.2%
- EBITDA Margin8.88%+101.3%
- Operating Margin7.83%+134.0%
- Net Margin3.86%-64.3%
- ROE22.36%-59.5%
REVG Price & Volume
REV Group, Inc. (REVG) stock price & volume — 10-year historical chart
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Strategic Simplification Drives Margin Expansion and Deleveraging
Investment Thesis • Updated 2025Q3
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Improving
Primary Risk:Cyclical RV market exposure
Key Thesis Takeaways
- REV Group is undergoing a fundamental transformation by divesting lower-margin business units to focus on core municipal and specialty vehicle segments, which has successfully expanded gross margins from 10.7% in 2024Q1 to 15.8% in 2025Q3.
- While the company has significantly improved its balance sheet by reducing total debt to $113.4 million, investors should remain cautious regarding the inherent volatility in municipal project delivery cycles and the cyclical exposure of the recreation segment.
- Future performance will likely depend on management's ability to maintain this operational discipline while navigating the lumpy cash flow patterns evidenced by the recent $42.0 million working capital outflow in 2025Q1.
Verdict Logic
while the company has successfully reduced its debt-to-equity ratio to 0.29, the current P/E of 33.81 suggests that the market has already priced in much of the margin improvement, warranting caution until cash flow volatility stabilizes.
REVG Growth Metrics
REV Group, Inc. (REVG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.57%
5 Years1.58%
3 Years1.85%
TTM-3.17%
Profit CAGR
10 Years15.33%
5 Years-
3 Years84.33%
TTM-56.03%
EPS CAGR
10 Years18.04%
5 Years-
3 Years96.26%
TTM-49.88%
Return on Capital
10 Years9.42%
5 Years12.44%
3 Years15.86%
Last Year27%
REVG Recent Earnings
REV Group, Inc. (REVG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 6/12 qtrs (55%)
Q2 2026Latest
Mar 4, 2026Metric
Actual
Est
EPS
$0.36-38.3%
$0.58
Rev
—
$590M
Q4 2025
Dec 10, 2025Metric
Actual
Est
EPS
$0.83+6.4%
$0.78
Rev
$664M+2.7%
$647M
Q4 2025
Sep 3, 2025Metric
Actual
Est
EPS
$0.79+25.4%
$0.63
Rev
$645M-0.3%
$647M
Q3 2025
Jun 4, 2025Metric
Actual
Est
EPS
$0.70+22.8%
$0.57
Rev
$629M+4.2%
$604M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 4, 2026 | $0.36vs $0.58-38.3% | —vs $590M |
| Q4 2025 | Dec 10, 2025 | $0.83vs $0.78+6.4% | $664Mvs $647M+2.7% |
| Q4 2025 | Sep 3, 2025 | $0.79vs $0.63+25.4% | $645Mvs $647M-0.3% |
| Q3 2025 | Jun 4, 2025 | $0.70vs $0.57+22.8% | $629Mvs $604M+4.2% |
Based on last 12 quarters of dataView full earnings history →
Latest REVG News
Recent stock market news and headlines for REV Group, Inc. (REVG)
Peers Comparison
Key metrics vs top competitors for REV Group, Inc. (REVG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $63.90 | $3.12B | 33.81 | 3.5% | 3.86% | 22.36% | 0.4% | |
| $12.29 | $499.88M | 2.42 | -20.75% | -4.41% | -17.27% | — | |
| $4.32 | $310.89M | -4.60 | -38.1% | -61.93% | -15.09% | — | |
| $56.00 | $1.29B | 33.33 | 8.07% | 1.75% | 3.82% | — | |
| $87.73 | $2.92B | 22.49 | 6.33% | 3.46% | 11.64% | — | |
| $105.82 | $2.57B | 13.98 | 10.18% | 4.84% | 14.69% | — |
Compare REVG vs Peers
REV Group, Inc. (REVG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
REVG SEC Filings & Documents
REV Group, Inc. (REVG) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jan 29, 2026·SEC
Material company update
Jan 20, 2026·SEC
Material company update
Dec 10, 2025·SEC
10-K Annual Reports
410-Q Quarterly Reports
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REVG Frequently Asked Questions
REV Group, Inc. (REVG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is REV Group, Inc.'s revenue?
REV Group, Inc. (REVG) reported $2.40B in revenue for fiscal year 2025. This represents a 39% increase from $1.72B in 2014.
How fast is REV Group, Inc. growing?
REV Group, Inc. (REVG) grew revenue by 3.5% over the past year. Growth has been modest.
Is REVG profitable?
Yes, REV Group, Inc. (REVG) is profitable, generating $108.0M in net income for fiscal year 2025 (3.9% net margin).
Dividend & Returns
Does REVG pay dividends?
Yes, REV Group, Inc. (REVG) pays a dividend with a yield of 0.40%. This makes it attractive for income-focused investors.
What is REVG's return on equity?
REV Group, Inc. (REVG) has a return on equity (ROE) of 22.4%. This is excellent, indicating efficient use of shareholder capital.
What is REV Group, Inc.'s free cash flow?
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.