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Alamo Group (ALG) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Alamo Group (ALG) Q3 2026 earnings results →

Q3 2026 Revenue down 4% year over year to $403M · 1¢ of every $1 of revenue kept as net profit · operating margin 0.9%

Alamo Group made $403M in Q3 2026 (-4% Y/Y): Wholegoods $308M, Parts $79.7M, Other $15.9M. Operating margin 0.9%, net earnings $2.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$403M
Year over year-4%
Operating margin0.9%
Net earnings$2.0M
Operating cash flow$60.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $403.1M in Q3 2026, down 4% year over year and down 11% from the previous quarter. Wholegoods was the largest line at 76% of revenue. Wholegoods lost $24.1M year over year (down 7%), 142% of the total change.

Gross margin was 18.9%, down 5.3 points from Q3 2025. Operating profit was $3.4M, a 0.9% margin (down 8.1 points year over year). Operating expenses grew 13% against a revenue fall of 4%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $2.0M, down 92% year over year. The effective tax rate was 56.4%. Non-operating items added $1.2M, 26% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $60.6M (down 8% year over year), 2990% of net earnings. Non-cash charges added back $11.4M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $45.9M. Capital expenditures of $5.7M left free cash flow of $54.8M.

Quarterly history

Alamo Group revenue by quarterAlamo Group revenue by quarter$391MQ1 2025$419MQ2 2025$420MQ3 2025$374MQ4 2025$417MQ1 2026$451MQ2 2026$403MQ3 2026
Alamo Group net earnings by quarterAlamo Group net earnings by quarter$31.8MQ1 2025$31.1MQ2 2025$25.4MQ3 2025$15.5MQ4 2025$29.2MQ1 2026$30.9MQ2 2026$2.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$403M-4%0.9%$2.0M$60.6M
Q2 202610-QAug 3, 2026$451M+8%10.2%$30.9M$46.2M
Q1 202610-QMay 4, 2026$417M+7%10.1%$29.2M−$23.5M
Q4 202510-KMar 2, 2026$374M-3%6.0%$15.5M$75.1M
Q3 202510-QNov 6, 2025$420M+5%8.9%$25.4M$65.5M
Q2 202510-QAug 6, 2025$419M+0.7%11.2%$31.1M$22.7M
Q1 202510-QMay 8, 2025$391M-8%11.4%$31.8M$14.2M

Charts

Alamo Group: revenue growth, year over year and quarter over quarterAlamo Group: revenue growth, year over year and quarter over quarterY/YQ/Q-8%Q1 2025+1%+7%Q2 2025+5%+0%Q3 2025-3%-11%Q4 2025+7%+12%Q1 2026+8%+8%Q2 2026-4%-11%Q3 2026
Latest (Q3 2026): Y/Y -4%, Q/Q -11%.
Alamo Group: where the cash came from (+) and went (−), TTM to Q3 2026Alamo Group: where the cash came from (+) and went (−), TTM to Q3 2026Acquisitions−$164MOperating cash flow$158MNet borrowing (+) / repaid (−)$23.1MCapital spending−$21.3MAsset & business sales$16.7MDividends−$15.9MCash drawn (+) / kept (−)$14.2MBuybacks−$10.9MOther investing$3.0MExchange rates−$2.6MOther financing−$2.1MShares issued$1.2M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Alamo Group: profit against cash, quarter by quarterAlamo Group: profit against cash, quarter by quarterNet incomeOperating cash flow$28.1M$79.1MQ4 2024$31.8M$14.2MQ1 2025$31.1M$22.7MQ2 2025$25.4M$65.5MQ3 2025$15.5M$75.1MQ4 2025$29.2M−$23.5MQ1 2026$30.9M$46.2MQ2 2026$2.0M$60.6MQ3 2026
Latest (Q3 2026): Net income $2.0M, Operating cash flow $60.6M.
Alamo Group: diluted shares by fiscal yearAlamo Group: diluted shares by fiscal year12MFY202012MFY202112MFY202212MFY202312MFY202412MFY2025
+2.0% since FY2020: more shares outstanding (issuance, stock pay).
Alamo Group: long-term debt falling due (FY2024)Alamo Group: long-term debt falling due (FY2024)$15.0M2025$15.0M2026$190M2027
Cash $197M, short-term investments —, long-term debt $220M at 2024-12-31.
Alamo Group in its industry: growth against margin (5 companies, SIC 3523)Alamo Group in its industry: growth against margin (5 companies, SIC 3523)revenue growth, year over year →↑ operating marginmedian -4%median 5%DEAGCOLNNARTWALG (-4%, 1%)
Farm Machinery & Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Alamo Group

Unless the context otherwise requires, the terms “the Company,” "Alamo Group," “we,” “our” and “us” refer to Alamo Group Inc. and its subsidiaries on a consolidated basis. The Company is a leader in the manufacture and sale of high-quality, purpose-built industrial and vegetation management equipment. We serve end-markets such as infrastructure building and maintenance, industrial construction, public works, land maintenance, agriculture and tree care. Our products are sold to independent equipment dealers and directly to contractors and municipalities. Product categories include vocational products (vacuum trucks, street sweepers, roadside safety equipment, excavators, and snow removal equipment) and light machinery (tractor mounted mowing equipment, land maintenance and recycling equipment) as well as related after-market parts and services.

In its own words, from its 10-K, filed Mar 2, 2026.

Alamo Group against its Farm Machinery & Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -4% against the peers' median -4%. Operating margin: 0.9% against the peers' median 5.1%.

CompanyQuarterRevenueY/YOp. margin
ALG Alamo GroupQ3 2026$403M-4%0.9%
DE DeereQ3 FY26$12.6B+5%14.9%
AGCO AgcoQ3 2026$2.3B-9%5.1%
LNN LindsayQ4 FY26$162M+5%9.8%
ARTW Arts Way ManufacturingQ3 FY26$5.6M-13%-1.2%

Source: Alamo Group 10-Q on SEC EDGAR · CIK 897077 · Farm Machinery & Equipment

Guidance and outlook

Alamo Group: what its forward-looking statements are about (10-Q filed 2026-11-04)Alamo Group: what its forward-looking statements are about (10-Q filed 2026-11-04)Costs2Capital spending1Other1People1
5 statements; tone -0.20 (−1 all cautious, +1 all confident); 1 hedged.
Alamo Group: outlook statements against the filing beforeAlamo Group: outlook statements against the filing beforeCautious1

13F: who owns ALG and who is buying

Largest holders of ALG (13F)Largest holders of ALG (13F)BlackRock$289MLongview Asset Management, LLC$224MVanguard Group$134MAllspring Global Investments Hold…$103MDimensional Fund Advisors LP$93.4MVanguard Capital Management LLC$76.2MState Street$70.1MFirst Trust Advisors LP$63.5MVictory Capital Management$47.0MGeode Capital Management, LLC$46.7M
Funds' net buying of ALG by quarter (13F)Funds' net buying of ALG by quarter (13F)−$14.1M2024-09−$4.0M2024-12$80.2M2025-03$58.8M2025-06−$77.9M2025-09$30.8M2025-12$479K2026-03−$41.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ALG

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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