Revenue
519 million USD
2026-07-04 · USD
Exact inputs and evidence
- Revenue: 518933000 USD Source
Fundies. English
THE DAVEY TREE EXPERT COMPANY
EDGARAnnual consolidated revenue for 2025: about USD 1.948B, using the latest reported figures. The previous period, 2024, was about USD 1.842B.
Latest quarter
Operating margin
8.19%
2026-07-04 · %
Operating cash flow
51.5 million USD
2026-07-04 · USD
- Cash and cash equivalents
- 12.4 million USD Source
Exact value
12397000 USD
- Long-term debt including current maturities
- 554 million USD Source
Exact value
553776000 USD
- Shares outstanding
- 17.2 million shares Source
Exact value
17239000 shares
Reported share-count change
-2.90% · -515 thousand shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
1.96 billion USD
2025-06-29 – 2026-07-04
Exact inputs and evidence
Net income
17.9 million USD
2025-06-29 – 2026-07-04
Exact inputs and evidence
Operating cash flow
145 million USD
2025-06-29 – 2026-07-04
Exact inputs and evidence
- Operating cash flow: 74472000 USD · 2025-01-01 – 2025-09-27 Source
- Operating cash flow: 43352000 USD · 2025-01-01 – 2025-06-28 Source
- Operating cash flow: 154574000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 74472000 USD · 2025-01-01 – 2025-09-27 Source
- Operating cash flow: -17978000 USD · 2026-01-01 – 2026-04-04 Source
- Operating cash flow: 33536000 USD · 2026-01-01 – 2026-07-04 Source
- Operating cash flow: -17978000 USD · 2026-01-01 – 2026-04-04 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-08-12.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 11 of 11 periods available· newest 2025-12-31
- Operating income: 11 of 11 periods available· newest 2025-12-31
- Net income: 11 of 11 periods available· newest 2025-12-31
- Operating cash flow: 11 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 11 of 11 periods available· newest 2025-12-31
- Total liabilities: 11 of 11 periods available· newest 2025-12-31
- Current assets: 11 of 11 periods available· newest 2025-12-31
- Current liabilities: 11 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
- Shares outstanding: 4 of 11 periods available· newest 2018-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+5.8%Prior period
USD 1.84 billion
–
Current period
USD 1.95 billion
–
Exact inputs and evidence
1947969000 − 1841687000 = 106282000 USD
1841687000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source1947969000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
-48.6%Prior period
USD 64.8 million
–
Current period
USD 33.33 million
–
Exact inputs and evidence
33325000 − 64796000 = -31471000 USD
64796000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source33325000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+6.9%Prior period
USD 144.55 million
–
Current period
USD 154.57 million
–
Exact inputs and evidence
154574000 − 144546000 = 10028000 USD
144546000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source154574000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 1.95 billion 100% of revenue
- Operating costs Derived USD 1.88 billion 96% of revenue
- Operating income USD 72.19 million 3.7% of revenue
- Tax, interest and other Derived USD 38.87 million 2% of revenue
- Net income USD 33.33 million 1.7% of revenue
Cash
- Operating cash flow USD 154.57 million 7.9% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 94%
- 2017 94%
- 2018 95%
- 2019 94%
- 2020 93%
- 2021 93%
- 2022 93%
- 2023 93%
- 2024 94%
- 2025 96%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 845678000 | 796811000 Derived | 48867000 | 26583000 Derived | 22284000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 915958000 | 863767000 Derived | 52191000 | 30071000 Derived | 22120000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 1024791000 | 969854000 Derived | 54937000 | 27579000 Derived | 27358000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 1143720000 | 1073764000 Derived | 69956000 | 28906000 Derived | 41050000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 1287552000 | 1193351000 Derived | 94201000 | 33264000 Derived | 60937000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 1378053000 | 1276787000 Derived | 101266000 | 35567000 Derived | 65699000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 1511081000 | 1410845000 Derived | 100236000 | 38946000 Derived | 61290000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 1693481000 | 1579274000 Derived | 114207000 | 42067000 Derived | 72140000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 1841687000 | 1727003000 Derived | 114684000 | 49888000 Derived | 64796000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 1947969000 | 1875776000 Derived | 72193000 | 38868000 Derived | 33325000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 1.9B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 845678000 |
|
| 2017 | Revenue | 915958000 |
|
| 2018 | Revenue | 1024791000 |
|
| 2019 | Revenue | 1143720000 |
|
| 2020 | Revenue | 1287552000 |
|
| 2021 | Revenue | 1378053000 |
|
| 2022 | Revenue | 1511081000 |
|
| 2023 | Revenue | 1693481000 |
|
| 2024 | Revenue | 1841687000 |
|
| 2025 | Revenue | 1947969000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
5.8% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | 2.9% |
|
| 2017 | Year over year | 8.3% |
|
| 2018 | Year over year | 11.9% |
|
| 2019 | Year over year | 11.6% |
|
| 2020 | Year over year | 12.6% |
|
| 2021 | Year over year | 7% |
|
| 2022 | Year over year | 9.7% |
|
| 2023 | Year over year | 12.1% |
|
| 2024 | Year over year | 8.8% |
|
| 2025 | Year over year | 5.8% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 3.7% 2025
Net margin 1.7% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 5.8% |
|
| 2017 | Operating margin | 5.7% |
|
| 2018 | Operating margin | 5.4% |
|
| 2019 | Operating margin | 6.1% |
|
| 2020 | Operating margin | 7.3% |
|
| 2021 | Operating margin | 7.3% |
|
| 2022 | Operating margin | 6.6% |
|
| 2023 | Operating margin | 6.7% |
|
| 2024 | Operating margin | 6.2% |
|
| 2025 | Operating margin | 3.7% |
|
| 2016 | Net margin | 2.6% |
|
| 2017 | Net margin | 2.4% |
|
| 2018 | Net margin | 2.7% |
|
| 2019 | Net margin | 3.6% |
|
| 2020 | Net margin | 4.7% |
|
| 2021 | Net margin | 4.8% |
|
| 2022 | Net margin | 4.1% |
|
| 2023 | Net margin | 4.3% |
|
| 2024 | Net margin | 3.5% |
|
| 2025 | Net margin | 1.7% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 154.6M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 55370000 |
|
| 2017 | Operating cash flow | 56776000 |
|
| 2018 | Operating cash flow | 62104000 |
|
| 2019 | Operating cash flow | 83353000 |
|
| 2020 | Operating cash flow | 152081000 |
|
| 2021 | Operating cash flow | 75969000 |
|
| 2022 | Operating cash flow | 77898000 |
|
| 2023 | Operating cash flow | 71450000 |
|
| 2024 | Operating cash flow | 144546000 |
|
| 2025 | Operating cash flow | 154574000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
76.2% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 64.1% |
|
| 2017 | Liabilities / assets | 65.9% |
|
| 2018 | Liabilities / assets | 69.2% |
|
| 2019 | Liabilities / assets | 69.1% |
|
| 2020 | Liabilities / assets | 64.4% |
|
| 2021 | Liabilities / assets | 64.6% |
|
| 2022 | Liabilities / assets | 68.6% |
|
| 2023 | Liabilities / assets | 73.4% |
|
| 2024 | Liabilities / assets | 73.8% |
|
| 2025 | Liabilities / assets | 76.2% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.33× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 1.5× |
|
| 2017 | Current assets / current liabilities | 1.63× |
|
| 2018 | Current assets / current liabilities | 1.83× |
|
| 2019 | Current assets / current liabilities | 1.7× |
|
| 2020 | Current assets / current liabilities | 1.39× |
|
| 2021 | Current assets / current liabilities | 1.58× |
|
| 2022 | Current assets / current liabilities | 1.8× |
|
| 2023 | Current assets / current liabilities | 1.83× |
|
| 2024 | Current assets / current liabilities | 1.67× |
|
| 2025 | Current assets / current liabilities | 1.33× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 22.28 million Exact valueExact value: 22284000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 55.37 million Exact valueExact value: 55370000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 22.12 million Exact valueExact value: 22120000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 56.78 million Exact valueExact value: 56776000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 27.36 million Exact valueExact value: 27358000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 62.1 million Exact valueExact value: 62104000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 41.05 million Exact valueExact value: 41050000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 83.35 million Exact valueExact value: 83353000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | USD 60.94 million Exact valueExact value: 60937000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 152.08 million Exact valueExact value: 152081000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 65.7 million Exact valueExact value: 65699000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 75.97 million Exact valueExact value: 75969000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 61.29 million Exact valueExact value: 61290000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 77.9 million Exact valueExact value: 77898000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 72.14 million Exact valueExact value: 72140000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 71.45 million Exact valueExact value: 71450000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 64.8 million Exact valueExact value: 64796000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 144.55 million Exact valueExact value: 144546000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 33.33 million Exact valueExact value: 33325000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 154.57 million Exact valueExact value: 154574000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
340 filings · 13,157 latest values · 13,157 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0000277638, 277638, edgar:277638
Also known as DAVEY TREE EXPERT CO, THE DAVEY TREE EXPERT COMPANY