DAVEY TREE EXPERT CO Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1500 N MANTUA ST KENT, OH 44240-5193 |
| State of Incorp. | OH |
| Fiscal Year End | December 31 |
| Industry (SIC) | 07 - Agricultural Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 17 | 11 | 19 | 19 | 16 | 11 | |||
| Cash and cash equivalent | 17 | 11 | 19 | 19 | 16 | 11 | |||
| Receivables | (6) | (2) | 322 | 278 | 253 | 231 | |||
| Inventory, net of allowances, customer advances and progress billings | 29 | 28 | |||||||
| Inventory | 29 | 28 | |||||||
| Prepaid expense | 40 | 45 | 32 | 31 | 25 | 26 | |||
| Other current assets | 69 | 72 | 52 | 7 | 1 | 1 | |||
| Other undisclosed current assets | 390 | 353 | 18 | 13 | 10 | 12 | |||
| Total current assets: | 539 | 507 | 442 | 348 | 305 | 281 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 18 | 19 | |||||||
| Operating lease, right-of-use asset | 91 | 110 | 105 | 86 | 56 | 40 | |||
| Property, plant and equipment | 401 | 313 | 269 | 228 | 205 | 200 | |||
| Long-term investments and receivables | 42 | 35 | 29 | ||||||
| Long-term investments | 42 | 35 | 29 | ||||||
| Intangible assets, net (including goodwill) | 113 | 105 | 89 | 68 | 60 | 53 | |||
| Goodwill | 95 | 85 | 70 | 56 | 48 | 42 | |||
| Intangible assets, net (excluding goodwill) | 18 | 20 | 19 | 12 | 12 | 11 | |||
| Other noncurrent assets | 13 | 12 | 23 | 43 | 30 | 22 | |||
| Other undisclosed noncurrent assets | 192 | 181 | |||||||
| Total noncurrent assets: | 869 | 774 | 514 | 425 | 350 | 315 | |||
| TOTAL ASSETS: | 1,408 | 1,281 | 956 | 773 | 655 | 597 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 154 | 141 | 128 | 118 | 141 | 94 | |||
| Accounts payable | 58 | 59 | 50 | 43 | 43 | 41 | |||
| Accrued liabilities | 97 | 82 | 77 | 75 | 98 | 52 | |||
| Deferred revenue | 4 | 3 | 4 | 4 | 3 | 3 | |||
| Debt | 74 | 46 | 27 | 25 | 22 | 27 | |||
| Self insurance reserve | 59 | 50 | 56 | 49 | 38 | 31 | |||
| Other liabilities | |||||||||
| Other undisclosed current liabilities | 32 | 36 | 31 | 25 | 16 | 12 | |||
| Total current liabilities: | 322 | 276 | 245 | 221 | 220 | 166 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 12 | 14 | 9 | 66 | 43 | 27 | |||
| Finance lease, liability | 12 | 14 | 9 | 9 | 6 | 2 | |||
| Liabilities, other than long-term debt | 365 | 367 | 171 | 89 | 82 | 74 | |||
| Estimated litigation liability | 209 | 200 | |||||||
| Other liabilities | 14 | 12 | 24 | 12 | 11 | 12 | |||
| Operating lease, liability | 56 | 71 | 69 | 57 | 37 | 25 | |||
| Self insurance reserve | 86 | 84 | 78 | 77 | 72 | 62 | |||
| Other undisclosed noncurrent liabilities | 339 | 283 | 231 | 124 | 77 | 143 | |||
| Total noncurrent liabilities: | 716 | 664 | 411 | 278 | 202 | 245 | |||
| Total liabilities: | 1,038 | 940 | 656 | 499 | 422 | 410 | |||
| Temporary equity, including noncontrolling interest | 196 | 189 | 170 | 170 | 153 | 125 | |||
| Equity | |||||||||
| Equity, attributable to parent | 174 | 152 | 130 | 104 | 80 | 62 | |||
| Common stock | 39 | 39 | 39 | 38 | 38 | 38 | |||
| Treasury stock, value | (468) | (417) | (364) | (306) | (270) | (247) | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (13) | (17) | (20) | ||||||
| Common stock, value, subscriptions | 21 | 23 | 24 | ||||||
| Additional paid in capital | 226 | 198 | 163 | 136 | 110 | 96 | |||
| Accumulated other comprehensive loss | (7) | (5) | (6) | (4) | (5) | (5) | |||
| Retained earnings | 376 | 330 | 294 | 240 | 207 | 180 | |||
| Total equity: | 174 | 152 | 130 | 104 | 80 | 62 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,408 | 1,281 | 956 | 773 | 655 | 597 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,842 | 1,693 | 1,511 | 1,378 | 1,288 | 1,144 | ||
| Cost of revenue | (70) | (59) | (55) | (56) | (57) | (60) | ||
| Gross profit: | 1,772 | 1,635 | 1,456 | 1,322 | 1,231 | 1,084 | ||
| Operating expenses | (1,657) | (1,521) | (1,356) | (1,221) | (1,137) | (1,014) | ||
| Operating income: | 115 | 114 | 100 | 101 | 94 | 70 | ||
| Nonoperating expense | (5) | (3) | (9) | (7) | (3) | (8) | ||
| Investment income, nonoperating | 3 | 2 | 1 | 0 | 2 | 0 | ||
| Other nonoperating expense | (8) | (5) | (10) | (7) | (6) | (8) | ||
| Interest and debt expense | (1) | (14) | (6) | (5) | (7) | (9) | ||
| Income from continuing operations before equity method investments, income taxes: | 109 | 97 | 85 | 89 | 84 | 53 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (20) | 0 | ||||||
| Income from continuing operations before income taxes: | 89 | 97 | 85 | 89 | 84 | 53 | ||
| Income tax expense | (24) | (25) | (24) | (24) | (23) | (12) | ||
| Income from continuing operations: | 65 | 72 | 61 | 66 | 61 | 41 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 66 | 61 | 41 | |
| Net income: | 65 | 72 | 61 | 66 | 61 | 41 | ||
| Other undisclosed net loss attributable to parent | (0) | |||||||
| Net income available to common stockholders, diluted: | 65 | 72 | 61 | 66 | 61 | 41 | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 65 | 72 | 61 | 66 | 61 | 41 | ||
| Other comprehensive income (loss) | (2) | 1 | (1) | 0 | 1 | (0) | ||
| Comprehensive income: | 63 | 73 | 60 | 66 | 62 | 40 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (0) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 63 | 73 | 60 | 66 | 62 | 40 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.