AVD AMERICAN VANGUARD CORP

Overview and Growth

AMERICAN VANGUARD CORP generated $515.11M of revenue in fiscal 2025, with net loss of $49.88M and an operating cash outflow of $21.19M. The $515.11M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $547.31M in fiscal 2024, revenue decreased 5.9%, a top-line contraction that reduced operating scale. Diluted earnings per share were -$1.75, translating the period’s attributable earnings into the amount reported for each diluted share. The diluted weighted-average share count was 28.43M, linking total earnings with the per-share result received by shareholders. Diluted shares moved 1.3% from 28.06M in fiscal 2024, leaving the current share base higher year over year. At period end, total assets were $596.54M, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.86x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $147.56M as gross profit before recognizing operating expenses and other items. Gross margin was 28.6%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced a $28.30M operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 5.5%, showing the shortfall after operating costs. The bottom-line result was a net loss of $49.88M after operating, financing, tax, and other recognized items. Net margin was -9.7%, reflecting a loss equal to 9.7% of reported revenue. EBITDA was negative $9.55M, showing a deficit before interest, taxes, depreciation, and amortization. The pretax result was a loss of $47.20M, establishing the deficit before tax effects. Measured against revenue, the pretax deficit represented 9.2%. The company recognized $2.68M of income tax for the period, completing the transition from pretax income to net income. Relative to period-end equity, the net loss represented 25.9%. The loss-to-assets relationship was 8.4%, placing the bottom-line deficit against the company’s resource base. The bottom-line deficit decreased from $126.34M in fiscal 2024 to $49.88M.

Liquidity and Capital Structure

The company held $596.54M of assets against $404.14M of liabilities and $192.40M of equity, revealing how the asset base was financed. At period end, current assets of $370.52M compared with current liabilities of $209.45M, defining the company’s short-term resource position. Current assets covered current liabilities by 1.77x, leaving a positive buffer for near-term obligations. Borrowings totaled $174.00M, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 0.9x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 29.2%, showing how much of the asset base was matched by borrowing. Equity equaled 32.3% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 67.7% of total assets, quantifying the liability-funded share of the company’s resource base. The asset base changed 6.3% from $636.72M in fiscal 2024, leaving current total assets lower year over year. Reported equity changed 17.5% from $233.11M in fiscal 2024, placing the current capital base lower year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $21.19M, rather than cash generation from operations. A current operating cash outflow of $21.19M replaced the $3.92M inflow reported in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.