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American Vanguard Corp Financials

AVD
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows American Vanguard Corp (AVD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AVD FY2025

Working capital strain and heavier borrowing now drive the business more than simple year-to-year sales changes.

Across the last three annual periods, long-term debt rose from $51.5M to $174.0M while equity moved the opposite direction, shrinking the balance-sheet cushion behind the business. That financing shift lifted interest expense to $18.5M and helps explain why a gross margin recovery to 28.7% still failed to restore net profitability.

The latest liquidity picture is more fragile than the current ratio suggests because inventory and receivables totaled $336.5M versus only $12.4M of cash. When so much of the balance sheet is tied up in customer collections and stock on hand, operating cash flow can remain negative at -$21.2M even if accounting losses improve.

The drop in gross margin to 22.0% was followed by a rebound to 28.7%, so the newest pressure is not just a product-cost issue. With operating margin still at -5.5% and interest expense at $18.5M, the company currently needs more scale or lower overhead before gross profit can reach shareholders.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 25 / 100
Financial Health Score 25/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of American Vanguard Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
19

American Vanguard Corp has an operating margin of -5.5%, meaning the company retains $-5 of operating profit per $100 of revenue. This below-average margin results in a low score of 19/100, suggesting thin profitability after operating expenses. This is up from -18.6% the prior year.

Growth
16

American Vanguard Corp's revenue declined 5.9% year-over-year, from $547.3M to $515.1M. This contraction results in a growth score of 16/100.

Leverage
49

American Vanguard Corp has a moderate D/E ratio of 0.90. This balance of debt and equity financing earns a leverage score of 49/100.

Liquidity
51

American Vanguard Corp's current ratio of 1.77 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.

Returns
17

American Vanguard Corp generates a -25.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 17/100. This is up from -53.6% the prior year.

Altman Z-Score Distress
1.51

American Vanguard Corp scores 1.51, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
5/8

American Vanguard Corp passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality
0.42x

For every $1 of reported earnings, American Vanguard Corp generates $0.42 in operating cash flow (-$21.2M OCF vs -$49.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-1.5x

American Vanguard Corp earns $-1.5 in operating income for every $1 of interest expense (-$28.3M vs $18.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$515.1M
YoY-5.9%
5Y CAGR+2.3%
10Y CAGR+5.9%

American Vanguard Corp generated $515.1M in revenue in fiscal year 2025. This represents a decrease of 5.9% from the prior year.

EBITDA
-$23.0M
YoY+76.1%

American Vanguard Corp's EBITDA was -$23.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 76.1% from the prior year.

Net Income
-$49.9M
YoY+60.0%

American Vanguard Corp reported -$49.9M in net income in fiscal year 2025. This represents an increase of 60.0% from the prior year.

EPS (Diluted)
$-1.75
YoY+61.1%

American Vanguard Corp earned $-1.75 per diluted share (EPS) in fiscal year 2025. This represents an increase of 61.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$12.4M
YoY-0.7%
5Y CAGR-4.8%
10Y CAGR+8.4%

American Vanguard Corp held $12.4M in cash against $174.0M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
28.6%
YoY+6.7pp
5Y CAGR-9.0pp
10Y CAGR-10.0pp

American Vanguard Corp's gross margin was 28.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.7 percentage points from the prior year.

Operating Margin
-5.5%
YoY+13.1pp
5Y CAGR-10.5pp
10Y CAGR-9.5pp

American Vanguard Corp's operating margin was -5.5% in fiscal year 2025, reflecting core business profitability. This is up 13.1 percentage points from the prior year.

Net Margin
-9.7%
YoY+13.1pp
5Y CAGR-13.0pp
10Y CAGR-12.0pp

American Vanguard Corp's net profit margin was -9.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 13.1 percentage points from the prior year.

Return on Equity
-25.9%
YoY+27.6pp
5Y CAGR-30.2pp
10Y CAGR-28.4pp

American Vanguard Corp's ROE was -25.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 27.6 percentage points from the prior year.

Capital Allocation

R&D Spending
$23.2M
YoY-29.1%
5Y CAGR-2.5%
10Y CAGR+1.9%

American Vanguard Corp invested $23.2M in research and development in fiscal year 2025. This represents a decrease of 29.1% from the prior year.

Share Buybacks
$0

American Vanguard Corp spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
N/A

AVD Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $123.6M-18.0% $150.7M+26.3% $119.3M-7.7% $129.3M+11.7% $115.8M-30.1% $165.6M+40.0% $118.3M-7.7% $128.2M
Cost of Revenue $85.2M-21.2% $108.1M+27.0% $85.1M-4.1% $88.8M+3.7% $85.6M-40.1% $142.8M+41.4% $101.0M+11.7% $90.4M
Gross Profit $38.4M-9.8% $42.6M+24.5% $34.2M-15.6% $40.5M+34.3% $30.2M+32.2% $22.8M+32.1% $17.3M-54.2% $37.8M
R&D Expenses $5.3M-12.5% $6.0M+6.5% $5.7M-2.6% $5.8M+2.1% $5.7M-20.9% $7.2M-35.8% $11.2M+30.0% $8.6M
SG&A Expenses $27.7M-2.8% $28.5M+6.6% $26.7M-7.0% $28.8M+8.0% $26.6M-18.7% $32.7M+24.2% $26.4M-15.1% $31.1M
Operating Income $1.9M+108.6% -$21.8M-235.8% -$6.5M-249.0% $4.4M+201.3% -$4.3M+93.8% -$70.0M-146.7% -$28.4M-207.5% -$9.2M
Interest Expense $5.8M+8.5% $5.3M+8.4% $4.9M+10.6% $4.5M+18.2% $3.8M-17.4% $4.6M+4.1% $4.4M+11.8% $3.9M
Income Tax $124K-88.8% $1.1M+161.8% $422K-44.8% $765K+97.7% $387K-97.0% $13.0M+284.7% -$7.0M-352.3% -$1.6M
Net Income -$4.1M+85.3% -$28.2M-128.3% -$12.4M-1355.6% -$849K+90.0% -$8.5M+90.5% -$88.9M-245.5% -$25.7M-119.6% -$11.7M
EPS (Diluted) $-0.14 N/A $-0.43-1333.3% $-0.03+90.0% $-0.30 N/A $-0.91-116.7% $-0.42

AVD Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $665.2M+11.5% $596.5M-8.9% $655.0M+0.5% $652.0M+3.2% $631.6M-0.8% $636.7M-16.2% $759.5M-5.9% $807.5M
Current Assets $443.6M+19.7% $370.5M-8.8% $406.5M+1.8% $399.3M+5.7% $377.8M-0.3% $378.9M-10.9% $425.1M-11.0% $477.6M
Cash & Equivalents $70.9M+470.7% $12.4M-26.0% $16.8M+16.0% $14.5M+22.7% $11.8M-5.7% $12.5M+5.3% $11.9M-33.8% $17.9M
Inventory $175.0M-0.6% $176.0M-11.5% $199.0M+3.9% $191.5M+3.7% $184.6M+3.0% $179.3M-27.1% $246.0M+0.4% $244.9M
Accounts Receivable $179.3M+11.7% $160.5M-4.0% $167.1M-1.4% $169.5M+6.2% $159.6M-6.0% $169.7M+16.1% $146.1M-23.9% $192.1M
Goodwill N/A $0-100.0% $21.0M+1.1% $20.8M+2.5% $20.3M+3.0% $19.7M-59.0% $48.0M-1.8% $48.9M
Total Liabilities $475.6M+17.7% $404.1M-6.9% $434.0M+3.1% $421.2M+4.2% $404.2M+0.2% $403.6M-6.5% $431.6M-5.0% $454.2M
Current Liabilities $190.9M-8.8% $209.4M-9.0% $230.2M+10.3% $208.7M-2.0% $213.1M-8.3% $232.3M+3.1% $225.3M+4.8% $214.9M
Long-Term Debt $264.4M+51.9% $174.0M-4.5% $182.3M-3.8% $189.5M+13.1% $167.5M+13.7% $147.3M-17.6% $178.7M-15.4% $211.3M
Total Equity $189.6M-1.4% $192.4M-12.9% $221.0M-4.3% $230.8M+1.5% $227.4M-2.5% $233.1M-28.9% $327.9M-7.2% $353.2M
Retained Earnings $150.9M-2.7% $155.0M-15.4% $183.2M-6.3% $195.6M-0.4% $196.4M-4.1% $204.9M-30.6% $295.3M-8.0% $321.1M

AVD Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$35.4M-695.4% $6.0M-53.1% $12.7M+165.9% -$19.3M+6.4% -$20.6M-181.0% $25.4M-8.9% $27.9M+310.4% -$13.3M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$973K+37.8% -$1.6M-58.9% -$985K-61.2% -$611K-37.0% -$446K-84.3% -$242K-1523.5% $17K+100.6% -$2.8M
Financing Cash Flow $95.0M+1236.8% -$8.4M+11.2% -$9.4M-143.4% $21.7M+9.5% $19.8M+182.8% -$23.9M+31.2% -$34.7M-259.3% $21.8M
Dividends Paid N/A $0 $0 $0 $0 $0-100.0% $840K+0.5% $836K
Share Buybacks N/A N/A N/A N/A N/A $0 $0 $0

AVD Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 31.1%+2.8pp 28.3%-0.4pp 28.7%-2.7pp 31.4%+5.3pp 26.1%+12.3pp 13.8%-0.8pp 14.6%-14.8pp 29.4%
Operating Margin 1.5%+16.0pp -14.5%-9.0pp -5.5%-8.8pp 3.4%+7.1pp -3.7%+38.6pp -42.3%-18.3pp -24.0%-16.8pp -7.2%
Net Margin -3.4%+15.4pp -18.7%-8.4pp -10.4%-9.7pp -0.7%+6.7pp -7.3%+46.4pp -53.7%-31.9pp -21.8%-12.6pp -9.1%
Return on Equity -2.2%+12.5pp -14.7%-9.1pp -5.6%-5.2pp -0.4%+3.3pp -3.7%+34.4pp -38.2%-30.3pp -7.8%-4.5pp -3.3%
Return on Assets -0.6%+4.1pp -4.7%-2.8pp -1.9%-1.8pp -0.1%+1.2pp -1.3%+12.6pp -14.0%-10.6pp -3.4%-1.9pp -1.5%
Current Ratio 2.32+0.6 1.770.0 1.77-0.1 1.91+0.1 1.77+0.1 1.63-0.3 1.89-0.3 2.22
Debt-to-Equity 1.39+0.5 0.90+0.1 0.820.0 0.82+0.1 0.74+0.1 0.63+0.1 0.55-0.1 0.60
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

American Vanguard Corp (AVD) reported $515.1M in total revenue for fiscal year 2025. This represents a -5.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

American Vanguard Corp (AVD) revenue declined by 5.9% year-over-year, from $547.3M to $515.1M in fiscal year 2025.

No, American Vanguard Corp (AVD) reported a net income of -$49.9M in fiscal year 2025, with a net profit margin of -9.7%.

American Vanguard Corp (AVD) reported diluted earnings per share of $-1.75 for fiscal year 2025. This represents a 61.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

American Vanguard Corp (AVD) had EBITDA of -$23.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, American Vanguard Corp (AVD) had $12.4M in cash and equivalents against $174.0M in long-term debt.

American Vanguard Corp (AVD) had a gross margin of 28.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

American Vanguard Corp (AVD) had an operating margin of -5.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

American Vanguard Corp (AVD) had a net profit margin of -9.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

American Vanguard Corp (AVD) has a return on equity of -25.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

American Vanguard Corp (AVD) generated -$21.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

American Vanguard Corp (AVD) had $596.5M in total assets as of fiscal year 2025, including both current and long-term assets.

American Vanguard Corp (AVD) invested $23.2M in research and development during fiscal year 2025.

American Vanguard Corp (AVD) had a current ratio of 1.77 as of fiscal year 2025, which is generally considered healthy.

American Vanguard Corp (AVD) had a debt-to-equity ratio of 0.90 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

American Vanguard Corp (AVD) had a return on assets of -8.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, American Vanguard Corp (AVD) had $12.4M in cash against an annual operating cash burn of $21.2M. This gives an estimated cash runway of approximately 7 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

American Vanguard Corp (AVD) has an Altman Z-Score of 1.51, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

American Vanguard Corp (AVD) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

American Vanguard Corp (AVD) has an earnings quality ratio of 0.42x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

American Vanguard Corp (AVD) has an interest coverage ratio of -1.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

American Vanguard Corp (AVD) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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