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Davey Tree Expert earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026
Q2 2026 Revenue up 1% year over year to $519M · 5¢ of every $1 of revenue kept as net profit · operating margin 8.2%
Davey Tree Expert made $519M in Q2 2026 (+1% Y/Y): Tree and plant care $306M, Consulting and other $138M, Grounds maintenance $69.0M. Operating margin 8.2%, net earnings $24.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
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What changed this quarter
Revenue was $518.9M in Q2 2026, up 1% year over year and up 19% from the previous quarter. Tree and plant care was the largest line at 59% of revenue. Consulting and other added $10.9M year over year (up 9%), 168% of the total change. Storm damage services declined 72%.
Operating profit was $42.5M, a 8.2% margin (down 1.4 points year over year). Operating profit fell $6.6M even though revenue rose $6.5M versus Q2 2025, so costs grew faster than sales. Total costs grew 3% against revenue growth of 1%. Net earnings were $24.7M, down 25% year over year. The effective tax rate was 27.0%.
Operating cash flow was $51.5M (up 8% year over year), 208% of net earnings. Non-cash charges added back $23.1M of depreciation and amortization and $2.2M of share-based compensation.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $519M | +1% | 8.2% | $24.7M | $51.5M |
| Q1 2026 | 10-Q | May 13, 2026 | $436M | +0.2% | -2.5% | −$10.7M | −$18.0M |
| Q4 2025 | 10-K | Mar 9, 2026 | $500M | +5% | -2.6% | −$17.8M | $80.1M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $501M | +4% | 7.5% | $21.6M | $31.1M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $512M | +6% | 9.6% | $32.8M | $47.7M |
| Q1 2025 | 10-Q | May 6, 2025 | $435M | +7% | -0.4% | −$3.3M | −$4.4M |
| Q4 2024 | 10-K | Mar 10, 2025 | $476M | +12% | 5.7% | $11.3M | $34.7M |
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🌏Named in Asian annual reportsinteractive
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Customers and suppliers named in filings
Sells to
- PCG-PA — 9% of its revenue · Stated in 10-K (XBRL) · source
- PCG · Stated in 10-K (named, share not stated) · source
About Davey Tree Expert
The Davey Tree Expert Company, which was founded in 1880 and incorporated in Ohio in 1909, and its subsidiaries provide a wide range of arboricultural, horticultural, environmental and consulting services to our customers throughout the United States and Canada. We have two reportable operating segments organized by type or class of customer: Residential and Commercial, and Utility. Our Residential and Commercial segment provides services to our residential and commercial customers including: the treatment, preservation, maintenance, removal and planting of trees, shrubs and other plant life; the practice of landscaping, grounds maintenance, tree surgery, tree feeding and tree spraying; the application of fertilizer, herbicides and insecticides; and natural resource management and consulting, forestry research and development, and environmental planning.
In its own words, from its 10-K, filed Mar 9, 2026.
Davey Tree Expert against its Agricultural Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +1% against the peers' median +1%. Operating margin: 8.2% against the peers' median 4.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| Davey Tree Expert | Q2 2026 | $519M | +1% | 8.2% |
| BV BrightView Holdings | Q3 FY26 | $718M | +1% | 4.5% |
| AVO Mission Produce | Q3 FY26 | $450M | +26% | 0.1% |
| RYM Rythm | Q3 2026 | $23.9M | +490% | 4.1% |
| GGROU Golden Growers Cooperative | Q2 2026 | $14.9M | -8% | 9.7% |
| BNC BNB Standard | Q1 FY27 | $7.2M | — | -296.3% |
| CVAT Cavitation Technologies | Q3 FY26 | $3K | -98% | n/m |
Source: Davey Tree Expert 10-Q on SEC EDGAR · CIK 277638 · Agricultural Services