Private company
DAVEY TREE EXPERT CO
American agricultural services company, incorporated in Ohio.
Last updated Oct 18, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
3.7%Operating margin3
1.7%Net margin3
5.8%Revenue growth, 20253
23.3%Return on equity3
2.22×Debt to equity3
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs96¢$1.9B
- Interest1¢$21.8M
- Income tax1¢$14.4M
- Profit2¢$33.3M
Out of $1.9B in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Dividends paid3¢$4.3M
- Share buybacks63¢$97.8M
- Kept or used elsewhere34¢$52.5M
Out of $154.6M of cash from operations.3
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.1B4 | $1.3B5 | $1.4B6 | $1.5B7 | $1.7B3 | $1.8B3 | $1.9B3 |
| Operating income | $70.0M4 | $94.2M5 | $101.3M6 | $100.2M7 | $114.2M3 | $114.7M3 | $72.2M3 |
| Interest | $8.5M4 | $6.9M5 | $5.0M6 | $6.1M7 | $13.7M3 | $20.3M3 | $21.8M3 |
| Income tax | $12.6M4 | $22.9M5 | $23.7M6 | $23.9M7 | $25.1M3 | $24.4M3 | $14.4M3 |
| Net income | $41.0M4 | $60.9M5 | $65.7M6 | $61.3M7 | $72.1M3 | $64.8M3 | $33.3M3 |
| Earnings per share | $0.904 | $1.395 | $1.466 | $1.387 | $1.663 | $1.533 | $0.813 |
| Earnings per share (diluted) | $0.864 | $1.325 | $1.386 | $1.317 | $1.583 | $1.473 | $0.783 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $11.0M4 | $16.2M5 | $19.5M6 | $18.5M7 | $11.1M3 | $17.5M3 | $12.4M3 |
| Current assets | $281.4M10 | $305.1M4 | $348.3M5 | $442.3M6 | $506.7M7 | $539.0M3 | $519.7M3 |
| Total assets | $596.9M4 | $655.4M5 | $772.9M6 | $956.2M7 | $1.3B3 | $1.4B3 | $1.5B3 |
| Current liabilities | $165.7M10 | $219.9M4 | $221.0M5 | $245.4M6 | $276.3M7 | $322.5M3 | $389.6M3 |
| Long-term debt | $143.4M10 | $77.1M4 | $123.5M5 | $230.8M6 | $283.2M7 | $338.7M3 | $317.3M3 |
| Total liabilities | $412.5M10 | $422.3M4 | $499.2M5 | $656.4M6 | $939.9M7 | $1.0B3 | $1.1B3 |
| Shareholders’ equity | $59.8M5 | $79.7M6 | $103.8M7 | $129.8M3 | $152.5M3 | $173.6M3 | $143.1M3 |
| Shares outstanding | 22.9M shares11 | 23.2M shares12 | 22.8M shares10 | 44.7M shares4 | 42.7M shares5 | 41.4M shares6 | 40.5M shares7 |
Leadership
Who has led DAVEY TREE EXPERT CO, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerPatrick M. Covey Jan 16, 2018 to now13
- Chief executive officerR. Douglas Cowan Feb 2, 2006 to Jan 31, 200714
- Chief executive officerKarl J. Warnke Apr 7, 2006 to Jul 20, 201715
- ChairPatrick M. Covey Mar 9, 2020 to now16
- ChairKarl J. Warnke Jul 17, 2009 to Jul 20, 201717
- ChairR. Douglas Cowan Feb 2, 2006 to Jan 31, 200714
- PresidentPatrick M. Covey Jul 22, 2014 to now18
- PresidentKarl J. Warnke Mar 15, 2006 to Mar 16, 201619
- Chief financial officerJoseph R. Paul Jul 8, 2013 to now20
- Chief financial officerDavid E. Adante Feb 2, 2006 to Sep 12, 201321
- Chief operating officerPatrick M. Covey Mar 9, 2012 to Jul 20, 201722
- Chief operating officerKarl J. Warnke Mar 15, 2006 to Dec 11, 200619
Board members and other officers (48)
- Assistant TreasurerAlexander C. Delisi May 29, 2026 to now23
- Assistant ControllerAlexandra Mirea May 29, 2026 to now24
- Sr VP of Human ResourcesAnna Christine Davis Jun 12, 2025 to now25
- Exec VP Corp CommunicationsSandra Lynne Reid Jun 12, 2025 to now26
- Senior VP of MarketingScott Alan Hyland Jun 12, 2025 to now27
- EVP, US Residential OperationsJoseph Edward Day Iii. May 20, 2022 to now28
- EVP & GM, Surgery CompanyLawrence R. Evans May 20, 2022 to now29
- VP, GEN COUNSEL & SECRETARYErika J. Schoenberger Jul 20, 2021 to Mar 7, 202230
- VP & GM, The Davey InstituteGregory M. Ina Mar 31, 2016 to now31
- VP & GM, Davey Tree Surgery CoLawrence S. Abernathy May 22, 2015 to Jul 12, 201832
- VP/GM Davey Resource GroupBrent R. Repenning Mar 25, 2013 to now33
- VP/GM Comm'l Landscape SrvsDan A. Joy Mar 25, 2013 to now34
- VP/GM Eastern Utility ServicesMark J. Vaughn Mar 25, 2013 to Aug 19, 202035
- TreasurerChristopher J. Bast May 23, 2013 to now36
- Assistant Secretary & CounselMarjorie L. Conner Jul 22, 2011 to Apr 4, 201837
- Sr VP&GM, Residential/Commrc'lJames F. Stief Mar 16, 2010 to Mar 7, 202238
- Assistant ControllerThea R. Sears May 27, 2010 to now39
- VP&GM, Commercial Landscape SvGeorge M. Gaumer Feb 2, 2006 to Sep 12, 201340
- VP, Personnel Recruiting & DevGordon L. Ober Feb 2, 2006 to Apr 7, 201541
- Corporate ControllerNicholas R. Sucic Feb 2, 2006 to Apr 4, 201742
- VP & GM, Eastern Utility Svcs.Steven A. Marshall Feb 2, 2006 to Jul 20, 201743
- Sr VP&GM-Residential/CommerclC. Kenneth Celmer Mar 15, 2006 to May 7, 201044
- VP - Operations Support SvcsFred W. Johnson Mar 15, 2006 to Jul 11, 201445
- Sr VP & GM-Davey Tree SurgeryHoward D. Bowles Mar 15, 2006 to Sep 13, 201246
- VP & GM-Canadian OperationsRichard A. Ramsey Mar 15, 2006 to May 15, 201547
- VP & GM, The Davey InstituteRoger C. Funk Mar 15, 2006 to Aug 25, 200948
- TreasurerJoseph R. Paul May 26, 2006 to Mar 19, 201349
- VP & GM, Davey Resource GroupPatrick M. Covey May 26, 2006 to Jan 20, 201250
- Board memberJerome P. Grisko May 21, 2026 to now51
- Board memberJoseph E. McNeely Mar 7, 2025 to now52
- Board memberJoseph R. Paul Jul 17, 2024 to now53
- Board memberThomas A. Haught May 20, 2021 to now54
- Board memberAlejandra Evans May 23, 2019 to now55
- Board memberCharles D. Stapleton Dec 23, 2019 to now56
- Board memberCatherine M. Kilbane May 24, 2018 to now57
- Board memberPatrick M. Covey Jul 22, 2014 to Jan 9, 202018
- Board memberJ. Dawson Cunningham May 19, 2011 to Oct 11, 201858
- Board memberCarol A. Cartwright May 8, 2008 to Nov 26, 200859
- Board memberRobert A. Stefanko Sep 16, 2008 to Mar 26, 201060
- Board memberJohn E. Warfel Sep 22, 2008 to Jun 6, 201961
- Board memberSandra W. Harbrecht Sep 22, 2008 to May 7, 202162
- Board memberR. Douglas Cowan Mar 19, 2007 to Oct 22, 201463
- Board memberDouglas K. Hall May 14, 2007 to Oct 25, 202264
- Board memberR. Cary Blair May 14, 2007 to May 14, 200765
- Board memberKarl J. Warnke Mar 15, 2006 to now19
- Board memberWillard R. Holland May 18, 2006 to May 18, 200666
- Board memberWilliam L. Phipps May 26, 2006 to Aug 25, 200967
- General counselErika J. Schoenberger Sep 24, 2018 to now68
Timeline
Recent filings
- Aug 25, 20268-K
- Aug 12, 202610-Q
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
- Jul 30, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16SEC EDGARPatrick M. Covey, Chair
- 17SEC EDGARKarl J. Warnke, Chair
- 18SEC EDGARPatrick M. Covey, President
- 19SEC EDGARKarl J. Warnke, President
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36SEC EDGARChristopher J. Bast, Treasurer
- 37
- 38
- 39SEC EDGARThea R. Sears, Assistant Controller
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47
- 48
- 49SEC EDGARJoseph R. Paul, Treasurer
- 50
- 51SEC EDGARJerome P. Grisko, Board member
- 52SEC EDGARJoseph E. McNeely, Board member
- 53SEC EDGARJoseph R. Paul, Board member
- 54SEC EDGARThomas A. Haught, Board member
- 55SEC EDGARAlejandra Evans, Board member
- 56SEC EDGARCharles D. Stapleton, Board member
- 57SEC EDGARCatherine M. Kilbane, Board member
- 58SEC EDGARJ. Dawson Cunningham, Board member
- 59SEC EDGARCarol A. Cartwright, Board member
- 60SEC EDGARRobert A. Stefanko, Board member
- 61SEC EDGARJohn E. Warfel, Board member
- 62SEC EDGARSandra W. Harbrecht, Board member
- 63SEC EDGARR. Douglas Cowan, Board member
- 64SEC EDGARDouglas K. Hall, Board member
- 65SEC EDGARR. Cary Blair, Board member
- 66SEC EDGARWillard R. Holland, Board member
- 67SEC EDGARWilliam L. Phipps, Board member
- 68