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American Vanguard (AVD) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · American Vanguard (AVD) Q2 2026 earnings results →

Q2 2026 Revenue down 10% year over year to $117M · 8¢ of every $1 of revenue lost · operating margin -0.3%

American Vanguard made $117M in Q2 2026 (-10% Y/Y). Operating margin -0.3%, net loss $9.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.

Revenue$117M
Year over year-10%
Operating margin-0.3%
Net earnings−$9.9M
Operating cash flow−$25.0M

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 $116.8M in Q2 2026, down 10% year over year and down 6% from the previous quarter.

Gross margin was 29.7%, down 1.6 points from Q2 2025. Operating costs exceeded revenue by $303K, an operating margin of -0.3%. Operating expenses fell 3% while revenue fell 10%. The fastest-growing cost line was Research & development (+12%). The quarter ended with a net loss of $9.9M, wider than the previous quarter's $4.1M loss. Net interest and other expense of $9.2M was the main reason.

Operating cash flow was −$25.0M. Non-cash charges added back $4.3M of depreciation and amortization and $388K of share-based compensation. Working capital and other items used $19.9M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$26.4M.

Quarterly history

American Vanguard revenue by quarterAmerican Vanguard revenue by quarter$166MQ4 2024$116MQ1 2025$129MQ2 2025$119MQ3 2025$151MQ4 2025$124MQ1 2026$117MQ2 2026
American Vanguard net earnings by quarterAmerican Vanguard net earnings by quarter−$90.4MQ4 2024−$8.5MQ1 2025−$849KQ2 2025−$12.4MQ3 2025−$28.2MQ4 2025−$4.1MQ1 2026−$9.9MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 10, 2026$117M-10%-0.3%−$9.9M−$25.0M
Q1 202610-QMay 6, 2026$124M+7%1.5%−$4.1M−$35.4M
Q4 202510-KMar 16, 2026$151M-9%-14.5%−$28.2M$6.0M
Q3 202510-QNov 10, 2025$119M+0.9%-5.5%−$12.4M$12.7M
Q2 202510-QJul 31, 2025$129M+0.9%3.4%−$849K−$19.3M
Q1 202510-QJun 6, 2025$116M-14%-3.7%−$8.5M−$20.6M
Q4 202410-KMay 29, 2025$166M-4%-42.3%−$90.4M$33.8M

Charts

American Vanguard: revenue growth, year over year and quarter over quarterAmerican Vanguard: revenue growth, year over year and quarter over quarterY/YQ/Q-4%Q4 2024-14%-30%Q1 2025+1%+12%Q2 2025+1%-8%Q3 2025-9%+26%Q4 2025+7%-18%Q1 2026-10%-6%Q2 2026
Latest (Q2 2026): Y/Y -10%, Q/Q -6%.
American Vanguard: where the cash came from (+) and went (−), TTM to Q2 2026American Vanguard: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$206MNet borrowing (+) / repaid (−)−$130MOperating cash flow−$41.8MCash drawn (+) / kept (−)−$29.4MCapital spending−$5.2MAsset & business sales$438KExchange rates−$393KOther investing−$186K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
American Vanguard: profit against cash, quarter by quarterAmerican Vanguard: profit against cash, quarter by quarterNet incomeOperating cash flow−$25.7M$27.9MQ3 2024−$90.4M$25.4MQ4 2024−$8.5M−$20.6MQ1 2025−$849K−$19.3MQ2 2025−$12.4M$12.7MQ3 2025−$28.2M$6.0MQ4 2025−$4.1M−$35.4MQ1 2026−$9.9M−$25.0MQ2 2026
Latest (Q2 2026): Net income −$9.9M, Operating cash flow −$25.0M.
American Vanguard: diluted shares by fiscal yearAmerican Vanguard: diluted shares by fiscal year30MFY202030MFY202130MFY202229MFY202328MFY202428MFY2025
-5.2% since FY2020: buybacks shrank the count.
American Vanguard in its industry: growth against margin (7 companies, SIC 2870)American Vanguard in its industry: growth against margin (7 companies, SIC 2870)revenue growth, year over year →↑ operating marginmedian +1%median -2%MOSCFSMGUANCBUSSNESAVD (-10%, 0%)
Agricultural Chemicals; 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 American Vanguard

American Vanguard Corporation is a diversified specialty and agriculture products company that develops and markets products for crop protection and management, turf and ornamentals management, and public health. Over the past 20 years, through product and business acquisitions, the Company has significantly expanded its operations and now has more than 1,000 product registrations worldwide. To learn more about the Company, please reference www.american-vanguard.com .

In its own words, from its 8-K, filed Aug 11, 2026.

American Vanguard against its Agricultural Chemicals peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -10% against the peers' median +1%. Operating margin: -0.3% against the peers' median -2.5%.

CompanyQuarterRevenueY/YOp. margin
AVD American VanguardQ2 2026$117M-10%-0.3%
MOS MosaicQ3 2026$3.1B-10%-3.1%
CF CF Industries HoldingsQ3 2026$1.9B+12%37.7%
SMG Scotts Miracle-GroQ3 FY26$1.2B+1%14.5%
UAN CVR Partners, LPQ3 2026$146M-11%-2.5%
CBUS CibusQ2 2026$994K+6%n/m
SNES SenesTechQ2 2026$770K+23%-241.8%

Source: American Vanguard 10-Q on SEC EDGAR · CIK 5981 · Agricultural Chemicals

13F: who owns AVD and who is buying

Largest holders of AVD (13F)Largest holders of AVD (13F)Cove Street Capital, LLC$8.0MVanguard Group$5.9MWellington Management Group LLP$4.8MVanguard Capital Management LLC$3.2MBlackRock$2.6MEVR Research LP$2.2MDimensional Fund Advisors LP$2.2MTwo Sigma Investments, LP$2.1MCruiser Capital Advisors, LLC$1.6MD. E. Shaw$1.5M
Funds' net buying of AVD by quarter (13F)Funds' net buying of AVD by quarter (13F)−$2.6M2024-09−$2.4M2024-12−$4.9M2025-03−$1.2M2025-06−$2.4M2025-09$1.7M2025-12−$2.3M2026-03−$6.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on AVD

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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