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AeroVironment (AVAV) Financials

AeroVironment logo
$143.47 +1.67 (+1.18%)
Closing price 07/14/2026 04:00 PM Eastern
Extended Trading
$144.69 +1.22 (+0.85%)
As of 08:43 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for AeroVironment

Annual Income Statements for AeroVironment

This table shows AeroVironment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 4/30/2021 4/30/2022 4/30/2023 4/30/2024 4/30/2025 4/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 8.97 13 18 47 41 23 -4.19 -176 60 44 -265
Consolidated Net Income / (Loss)		 8.97 13 18 47 41 23 -4.19 -176 60 44 -265
Net Income / (Loss) Continuing Operations		 15 18 22 42 41 23 -4.19 -176 60 44 -265
Total Pre-Tax Income 		19 23 33 50 53 34 -19 -188 63 40 -306
Total Operating Income		 20 21 30 34 47 43 -9.89 -179 72 41 -311
Total Gross Profit		 106 97 108 128 153 165 141 174 284 319 501
Total Revenue		 234 233 268 314 367 395 446 541 717 821 1,977
Operating Revenue		 234 233 268 314 367 395 446 541 717 821 1,977
Total Cost of Revenue		 128 136 161 186 214 230 304 367 433 502 1,476
Operating Cost of Revenue		 128 136 161 186 214 230 304 367 433 502 1,476
Total Operating Expenses		 86 76 77 95 106 121 151 352 212 278 812
Selling, General & Admin Expense		 50 48 51 60 59 67 96 132 114 159 443
Research & Development Expense		 35 28 26 34 46 54 55 64 98 101 128
Impairment Charge		 - - - - - 0.00 0.00 156 0.00 18 241
Total Other Income / (Expense), net		 -1.56 1.79 2.19 17 5.54 -8.95 -9.26 -9.71 -8.59 -1.13 5.37
Interest & Investment Income		 1.03 1.62 2.24 4.67 4.83 -0.62 -5.44 -9.37 -4.22 -2.19 -5.61
Other Income / (Expense), net		 -2.59 0.17 -0.05 12 0.71 -8.33 -3.82 -0.35 -4.37 1.06 11
Income Tax Expense		 2.98 4.76 9.80 4.64 5.85 0.54 -10 -15 1.89 0.88 -23
Other Gains / (Losses), net		 -0.14 -0.12 -1.28 -3.94 -5.49 -10 4.59 -2.45 -1.67 4.84 17
Basic Earnings per Share		 $0.39 $0.57 $0.76 $2.00 $1.73 $0.97 ($0.17) ($7.04) $2.19 $1.56 ($5.40)
Weighted Average Basic Shares Outstanding		 22.94M 23.06M 23.47M 23.66M 23.81M 24.05M 24.69M 25.04M 27.20M 28.02M 49.09M
Diluted Earnings per Share		 $0.39 $0.56 $0.75 $1.97 $1.71 $0.96 ($0.17) ($7.04) $2.18 $1.55 ($5.40)
Weighted Average Diluted Shares Outstanding		 23.15M 23.31M 23.81M 24.07M 24.09M 24.36M 24.69M 25.04M 27.33M 28.17M 49.09M
Weighted Average Basic & Diluted Shares Outstanding		 23M 23.10M 23.50M 23.94M 24.78M - 24.95M 26.21M 28.13M 45.69M 50.61M

Quarterly Income Statements for AeroVironment

This table shows AeroVironment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 10/28/2023 1/27/2024 4/30/2024 7/27/2024 10/26/2024 1/25/2025 4/30/2025 8/2/2025 11/1/2025 1/31/2026 4/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.00 14 52 21 7.54 -1.75 45 -67 -17 -244 63
Consolidated Net Income / (Loss)		 18 14 6.05 21 7.54 -1.75 17 -67 -17 -244 63
Net Income / (Loss) Continuing Operations		 18 14 12 21 7.54 -1.75 17 -67 -17 -244 63
Total Pre-Tax Income 		20 15 4.41 23 6.33 -2.36 13 -84 -21 -265 64
Total Operating Income		 25 14 5.95 23 7.01 -3.09 14 -69 -30 -268 57
Total Gross Profit		 75 67 76 81 74 63 100 95 104 99 203
Total Revenue		 181 187 197 189 188 168 275 455 473 408 642
Operating Revenue		 181 187 197 189 188 168 275 455 473 408 642
Total Cost of Revenue		 105 119 121 108 115 104 175 360 368 309 439
Operating Cost of Revenue		 105 119 121 108 115 104 175 360 368 309 439
Total Operating Expenses		 50 53 70 58 67 66 87 164 134 367 146
Selling, General & Admin Expense		 28 28 35 34 38 44 43 131 98 99 114
Research & Development Expense		 22 25 35 25 29 22 25 33 36 27 31
Total Other Income / (Expense), net		 -4.81 0.89 2.68 -0.47 -0.67 0.73 -0.71 -15 9.62 3.30 7.51
Interest & Investment Income		 -1.95 -0.11 - -0.24 -0.69 -0.25 -1.01 -17 4.67 3.70 3.44
Other Income / (Expense), net		 -2.86 1.00 -1.39 -0.23 0.02 0.98 0.30 2.36 4.95 -0.40 4.07
Income Tax Expense		 1.14 1.26 -1.82 1.49 -0.22 -0.61 0.22 -15 -2.31 -22 16
Other Gains / (Losses), net		 -1.39 -0.08 - 0.07 0.99 0.00 3.78 1.79 1.20 -0.30 15
Basic Earnings per Share		 $0.66 $0.50 $0.19 $0.76 $0.27 ($0.06) $0.59 ($1.44) ($0.34) ($4.90) $1.28
Weighted Average Basic Shares Outstanding		 26.87M 27.91M 27.20M 27.96M 28.01M 28.03M 28.02M 46.88M 49.72M 49.74M 49.09M
Diluted Earnings per Share		 $0.66 $0.50 $0.18 $0.75 $0.27 ($0.06) $0.59 ($1.44) ($0.34) ($4.90) $1.28
Weighted Average Diluted Shares Outstanding		 26.96M 28.04M 27.33M 28.28M 28.15M 28.03M 28.17M 46.88M 49.72M 49.74M 49.09M
Weighted Average Basic & Diluted Shares Outstanding		 - - 28.13M 28.21M 28.20M 28.22M 45.69M 49.93M 49.93M 49.93M 50.61M

Annual Cash Flow Statements for AeroVironment

This table details how cash moves in and out of AeroVironment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 4/30/2021 4/30/2022 4/30/2023 4/30/2024 4/30/2025 4/30/2026
Net Change in Cash & Equivalents		 -19 -44 56 29 82 -98 -80 56 -60 -32 336
Net Cash From Operating Activities		 6.05 -13 62 30 25 87 -9.62 11 15 -1.32 -78
Net Cash From Continuing Operating Activities		 6.05 -8.25 70 27 25 87 -9.62 11 15 -1.32 -78
Net Income / (Loss) Continuing Operations		 15 18 22 42 41 23 -4.19 -176 60 44 -265
Consolidated Net Income / (Loss)		 8.97 13 18 47 41 23 -4.19 -176 60 44 -265
Depreciation Expense		 3.86 5.05 5.98 7.67 9.89 19 61 100 36 41 265
Amortization Expense		 3.88 2.38 1.42 -1.51 -1.42 0.45 1.03 0.97 1.01 1.20 11
Non-Cash Adjustments To Reconcile Net Income		 5.03 3.96 11 -24 -7.07 32 -14 188 -44 -39 134
Changes in Operating Assets and Liabilities, net		 -22 -37 30 -0.34 -18 12 -53 -101 -37 -48 -223
Net Cash From Investing Activities		 -16 -37 -6.40 12 59 -379 -52 -7.00 -52 -28 -1,233
Net Cash From Continuing Investing Activities		 -16 -37 -6.40 12 59 -379 -52 -7.00 -52 -28 -1,233
Purchase of Property, Plant & Equipment		 -6.12 -9.02 -9.56 -8.90 -11 -11 -22 -15 -23 -20 -63
Acquisitions		 -0.30 0.00 -3.27 -7.60 -33 -388 -53 -11 -29 -8.94 -900
Purchase of Investments		 -95 -149 -222 -267 -283 -126 -24 -6.43 0.00 0.00 -370
Sale and/or Maturity of Investments		 85 122 228 263 387 146 36 26 0.00 0.00 114
Other Investing Activities, net		 - -0.43 - 0.00 0.00 0.00 4.57 -0.89 0.00 0.00 -14
Net Cash From Financing Activities		 -3.10 3.47 2.02 -1.18 -1.83 194 -17 51 -23 -2.86 1,647
Net Cash From Continuing Financing Activities		 -3.10 3.47 2.02 -1.18 -1.83 194 -17 51 -23 -2.86 1,647
Repayment of Debt		 -0.47 -0.39 -0.29 -0.16 0.00 -3.88 -10 -55 -107 -39 -967
Repurchase of Common Equity		 -3.76 - - - - - - 0.00 0.00 -2.90 -1.39
Issuance of Debt		 - - - 0.00 0.00 200 - 0.00 0.00 40 1,654
Issuance of Common Equity		 - - - - - 0.00 0.00 105 0.00 1.91 4.36
Other Financing Activities, net		 1.13 3.86 2.31 -1.02 -1.83 -1.96 -6.28 1.21 84 -2.70 958
Cash Interest Paid		 - - - - 0.00 0.00 5.03 10 6.82 1.76 13
Cash Income Taxes Paid		 1.58 1.80 1.81 6.78 0.53 2.41 1.88 2.91 20 25 3.61

Quarterly Cash Flow Statements for AeroVironment

This table details how cash moves in and out of AeroVironment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 10/28/2023 1/27/2024 4/30/2024 7/27/2024 10/26/2024 1/25/2025 4/30/2025 8/2/2025 11/1/2025 1/31/2026 4/30/2026
Net Change in Cash & Equivalents		 -4.96 6.79 -34 7.86 -12 -22 -6.14 645 -326 -70 87
Net Cash From Operating Activities		 -8.53 53 -12 28 -3.64 -26 -0.26 -124 -45 -5.11 96
Net Cash From Continuing Operating Activities		 -8.53 53 36 28 -3.64 -26 -0.26 -124 -45 -5.11 96
Net Income / (Loss) Continuing Operations		 18 14 6.05 21 7.54 -1.75 17 -67 -17 -157 63
Consolidated Net Income / (Loss)		 18 14 6.05 21 7.54 -1.75 17 -67 -17 -157 63
Depreciation Expense		 8.44 9.58 11 8.85 9.00 9.29 14 90 58 55 62
Amortization Expense		 0.21 0.21 0.37 0.27 0.78 0.07 0.07 7.83 1.02 0.76 0.92
Non-Cash Adjustments To Reconcile Net Income		 -17 3.10 9.16 -9.59 23 -19 -34 -59 -37 154 -13
Changes in Operating Assets and Liabilities, net		 -18 26 9.15 7.65 -44 -15 2.79 -96 -50 -58 -18
Net Cash From Investing Activities		 -34 -3.80 -10 -6.61 -5.02 -4.97 -12 -877 -281 -67 -7.75
Net Cash From Continuing Investing Activities		 -34 -3.80 -10 -6.61 -5.02 -4.97 -12 -877 -281 -67 -7.75
Purchase of Property, Plant & Equipment		 -6.47 -3.80 -9.08 -5.43 -5.02 -3.85 -8.52 -23 -11 -13 -16
Acquisitions		 -28 - -1.20 -1.18 - -1.13 -3.37 -854 -6.05 -5.14 -35
Purchase of Investments		 - - - - - - - - - -71 -35
Sale and/or Maturity of Investments		 - - - - - - - - - - 92
Net Cash From Financing Activities		 38 -42 -12 -14 -3.52 9.08 5.53 1,645 -0.12 1.89 -0.03
Net Cash From Continuing Financing Activities		 38 -42 -12 -14 -3.52 9.08 5.53 1,645 -0.12 1.89 -0.03
Repayment of Debt		 -50 -40 -12 -11 -18 -0.16 -10 -967 -0.00 -0.00 -0.00
Other Financing Activities, net		 -0.57 -2.13 0.27 -3.45 -0.11 -0.39 1.25 958 -0.11 - -0.03
Cash Interest Paid		 3.04 1.03 0.97 0.37 0.41 0.42 0.56 12 0.36 0.32 0.31
Cash Income Taxes Paid		 11 4.14 5.24 0.10 14 4.90 5.29 0.22 2.97 1.14 -0.73

Annual Balance Sheets for AeroVironment

This table presents AeroVironment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 4/30/2021 4/30/2022 4/30/2023 4/30/2024 4/30/2025 4/30/2026
Total Assets		 411 433 473 509 585 929 914 825 1,016 1,121 5,717
Total Current Assets		 344 354 399 470 504 402 369 477 516 607 1,890
Cash & Equivalents		 124 80 144 173 255 149 77 133 73 41 377
Short-Term Investments		 103 120 114 150 48 32 25 - - 0.00 255
Accounts Receivable		 56 83 74 84 149 134 164 193 270 392 887
Inventories, net		 37 41 37 54 46 72 91 139 150 144 313
Prepaid Expenses		 4.15 5.53 5.10 7.42 6.25 15 12 12 22 29 52
Current Deferred & Refundable Income Taxes		 - - 0.00 0.82 - 0.00 0.44 - 0.00 0.62 6.21
Plant, Property, & Equipment, net		 17 16 19 17 22 59 62 40 47 51 167
Total Noncurrent Assets		 50 62 55 22 59 468 483 308 454 463 3,660
Long-Term Investments		 34 42 41 0.00 15 12 15 24 21 32 81
Goodwill		 - - - 0.00 6.34 314 334 181 276 257 2,494
Intangible Assets		 - - - 0.46 14 106 97 44 72 49 930
Noncurrent Deferred & Refundable Income Taxes		 15 15 11 6.69 4.93 2.06 7.29 27 41 61 0.00
Other Noncurrent Operating Assets		 0.75 5.27 3.00 15 19 33 29 33 44 65 155
Total Liabilities & Shareholders' Equity		 411 433 473 509 585 929 914 825 1,016 1,121 5,717
Total Liabilities		 49 50 64 46 75 316 306 274 193 234 1,316
Total Current Liabilities		 46 48 62 45 67 96 101 121 145 172 439
Accounts Payable		 18 16 21 16 20 25 19 31 48 72 161
Current Deferred Revenue		 2.54 2.06 3.56 2.96 7.90 7.18 8.97 17 11 16 80
Current Deferred & Payable Income Tax Liabilities		 0.94 1.42 4.09 0.00 1.07 0.86 0.76 2.34 4.16 0.36 0.52
Current Employee Benefit Liabilities		 14 11 17 19 24 28 25 36 44 44 98
Other Current Liabilities		 11 8.44 6.95 7.43 14 25 37 28 27 39 101
Total Noncurrent Liabilities		 2.79 2.24 2.27 1.40 8.10 220 205 152 48 62 877
Long-Term Debt		 - - - - 0.00 188 178 126 17 30 729
Noncurrent Deferred & Payable Income Tax Liabilities		 0.44 0.18 0.12 0.08 1.02 3.52 4.08 4.43 6.27 6.06 58
Other Noncurrent Operating Liabilities		 0.18 0.18 0.62 0.15 7.08 29 23 22 25 26 90
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 362 382 409 463 510 612 608 551 823 887 4,400
Total Preferred & Common Equity		 362 382 409 463 510 612 608 0.00 823 887 4,400
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 362 382 409 463 510 612 608 551 823 887 4,400
Common Stock		 154 162 170 176 181 260 267 384 598 619 4,397
Retained Earnings		 207 220 239 286 328 351 347 171 231 274 9.18
Accumulated Other Comprehensive Income / (Loss)		 -0.20 -0.13 -0.02 0.00 0.33 0.34 -6.51 -4.45 -5.59 -6.51 -5.64

Quarterly Balance Sheets for AeroVironment

This table presents AeroVironment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/28/2023 1/28/2023 7/29/2023 10/28/2023 1/27/2024 7/27/2024 10/26/2024 1/25/2025 8/2/2025 11/1/2025 1/31/2026
Total Assets		 1,007 921 826 1,007 980 999 1,019 1,048 5,624 5,638 5,364
Total Current Assets		 524 391 482 524 501 500 515 544 1,639 1,666 1,704
Cash & Equivalents		 101 78 106 101 108 81 69 47 686 359 290
Short-Term Investments		 - 0.00 - - - - - - - 229 297
Accounts Receivable		 216 162 186 216 202 255 278 311 662 746 730
Inventories, net		 182 126 175 182 161 144 140 148 233 259 299
Prepaid Expenses		 20 15 14 20 22 20 18 23 38 46 45
Current Deferred & Refundable Income Taxes		 5.74 9.18 - 5.74 8.08 0.34 9.63 15 21 26 43
Plant, Property, & Equipment, net		 44 45 40 44 45 48 50 50 149 155 159
Total Noncurrent Assets		 439 485 305 439 435 451 455 455 3,836 3,817 3,501
Long-Term Investments		 21 19 23 21 21 22 23 26 36 81 62
Goodwill		 275 337 181 275 275 276 276 275 2,540 2,624 2,372
Intangible Assets		 83 83 41 83 78 68 63 58 1,119 972 926
Noncurrent Deferred & Refundable Income Taxes		 21 8.54 28 21 21 41 41 41 0.00 0.00 0.00
Other Noncurrent Operating Assets		 40 37 33 40 39 44 52 55 141 140 141
Total Liabilities & Shareholders' Equity		 1,007 921 826 1,007 980 999 1,019 1,048 5,624 5,638 5,364
Total Liabilities		 213 300 252 213 167 154 161 187 1,197 1,220 1,179
Total Current Liabilities		 109 116 107 109 108 117 112 129 275 328 309
Accounts Payable		 29 26 29 29 27 44 41 49 91 120 110
Current Deferred Revenue		 20 23 20 20 18 11 11 12 61 71 68
Current Deferred & Payable Income Tax Liabilities		 0.60 0.03 4.06 0.60 0.80 5.60 0.03 0.03 0.00 0.22 0.32
Current Employee Benefit Liabilities		 27 27 17 27 28 20 32 37 74 79 76
Other Current Liabilities		 28 30 27 28 26 27 29 32 49 58 56
Total Noncurrent Liabilities		 104 183 144 104 60 36 49 58 922 892 870
Long-Term Debt		 74 156 119 74 31 6.79 15 25 726 727 728
Noncurrent Deferred & Payable Income Tax Liabilities		 4.36 4.16 4.43 4.36 4.41 6.28 6.27 6.25 107 79 58
Other Noncurrent Operating Liabilities		 26 23 21 26 24 23 28 27 89 86 85
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 794 622 575 794 813 846 858 861 4,427 4,418 4,185
Total Preferred & Common Equity		 0.00 622 575 0.00 0.00 0.00 0.00 861 4,427 4,418 4,185
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 794 622 575 794 813 846 858 861 4,427 4,418 4,185
Common Stock		 589 295 386 589 593 599 604 610 4,226 4,234 4,244
Retained Earnings		 211 331 193 211 225 252 259 258 207 190 -54
Accumulated Other Comprehensive Income / (Loss)		 -6.08 -5.06 -4.52 -6.08 -4.89 -5.05 -5.23 -6.20 -5.88 -6.22 -5.51

Annual Metrics And Ratios for AeroVironment

This table displays calculated financial ratios and metrics derived from AeroVironment's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 4/30/2021 4/30/2022 4/30/2023 4/30/2024 4/30/2025 4/30/2026
DEI Shares Outstanding		 - - - - - - - - - - 99,867,986.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 99,867,986.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -2.65
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -9.89% -0.27% 15.15% 17.08% 16.87% 7.52% 12.87% 21.27% 32.59% 14.50% 140.89%
EBITDA Growth		 81.26% 12.54% 33.16% 37.55% 8.35% -2.86% -11.97% -262.07% 233.53% -19.35% -129.08%
EBIT Growth		 1,629.18% 19.77% 45.08% 50.79% 4.44% -26.88% -139.17% -1,206.35% 137.68% -37.95% -816.83%
NOPAT Growth		 446.65% -2.68% 29.90% 44.31% 36.42% 1.75% -116.23% -1,707.05% 155.71% -42.75% -645.77%
Net Income Growth		 209.71% 45.86% 34.94% 168.71% -13.39% -43.16% -117.93% -4,109.49% 133.87% -26.89% -707.81%
EPS Growth		 200.00% 43.59% 33.93% 162.67% -13.20% -43.86% -117.71% -4,041.18% 130.97% -28.90% -448.39%
Operating Cash Flow Growth		 -84.66% -312.57% 582.79% -47.67% -22.71% 244.79% -111.12% 218.53% 34.14% -108.62% -5,848.71%
Free Cash Flow Firm Growth		 -142.50% 22.38% 744.20% -126.97% -3,054.66% 109.79% -261.47% 137.34% -714.68% 69.27% -7,704.94%
Invested Capital Growth		 36.91% 24.23% -23.96% 46.93% 342.50% 0.00% 10.04% -22.22% 43.13% 11.71% 423.20%
Revenue Q/Q Growth		 -12.07% 20.22% 8.06% -7.56% -9.74% 28.55% -0.76% -17.14% 0.00% 10.51% 22.76%
EBITDA Q/Q Growth		 43.05% 1,023.28% -26.27% -29.55% 39.57% -6.90% 39.00% -153.73% 0.00% 17.21% 79.70%
EBIT Q/Q Growth		 155.21% 556.56% -32.94% -31.94% 45.18% -26.06% 43.43% -317.10% 0.00% 29.61% 13.52%
NOPAT Q/Q Growth		 18.16% 641.23% -42.03% -32.94% 47.30% 2.45% -92.35% -311.11% 0.00% 16.78% 12.18%
Net Income Q/Q Growth		 -16.06% 203.52% -44.72% -18.96% 40.27% -21.84% -884.71% -389.60% 0.00% 32.17% 14.92%
EPS Q/Q Growth		 -18.75% 201.82% -45.65% -19.59% 41.32% -23.20% -466.67% -406.09% 0.00% 35.96% 11.33%
Operating Cash Flow Q/Q Growth		 -63.35% -379.99% 85.79% -19.93% -32.55% -2.77% 38.37% -49.01% 0.00% 89.64% 54.99%
Free Cash Flow Firm Q/Q Growth		 -1,925.91% 50.30% 213.35% -132.78% -1,839.35% -49.85% 87.64% -16.19% 0.00% 14.18% -2.47%
Invested Capital Q/Q Growth		 4.19% 14.10% -26.88% 4.47% 234.63% 337.68% -2.24% -26.96% 0.00% 3.75% 3.56%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 45.17% 41.56% 40.12% 40.86% 41.68% 41.67% 31.69% 32.10% 39.62% 38.83% 25.33%
EBITDA Margin		 10.79% 12.17% 14.08% 16.54% 15.33% 13.85% 10.80% -14.44% 14.54% 10.24% -1.24%
Operating Margin		 8.59% 8.91% 11.34% 10.76% 12.83% 10.97% -2.22% -33.05% 10.02% 4.97% -15.73%
EBIT Margin		 7.48% 8.98% 11.32% 14.58% 13.03% 8.86% -3.07% -33.12% 9.41% 5.10% -15.18%
Profit (Net Income) Margin		 3.84% 5.61% 6.57% 15.09% 11.18% 5.91% -0.94% -32.59% 8.32% 5.32% -13.41%
Tax Burden Percent		 48.43% 57.98% 54.10% 93.94% 77.98% 67.93% 21.86% 93.52% 94.36% 109.97% 86.75%
Interest Burden Percent		 105.90% 107.73% 107.37% 110.20% 110.09% 98.23% 139.70% 105.23% 93.74% 94.77% 101.87%
Effective Tax Rate		 16.11% 21.09% 30.05% 9.19% 11.10% 1.57% 0.00% 0.00% 2.99% 2.22% 0.00%
Return on Invested Capital (ROIC)		 19.38% 14.55% 19.38% 26.23% 11.08% 6.91% -1.07% -20.73% 10.86% 4.99% -8.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 22.31% 15.83% 20.66% 20.99% 11.61% -408.43% 6.22% -236.39% 33.04% -1.82% 343.71%
Return on Net Nonoperating Assets (RNNOA)		 -16.85% -11.04% -14.92% -15.35% -3.44% -3.10% 0.38% -9.66% -2.17% 0.12% -1.75%
Return on Equity (ROE)		 2.52% 3.52% 4.46% 10.88% 7.64% 3.81% -0.69% -30.40% 8.69% 5.10% -10.03%
Cash Return on Invested Capital (CROIC)		 -11.78% -7.06% 46.61% -11.79% -115.18% 6.91% -10.63% 4.26% -24.62% -6.07% -144.09%
Operating Return on Assets (OROA)		 4.33% 4.97% 6.71% 9.33% 6.66% 3.77% -1.49% -20.59% 7.33% 3.92% -8.78%
Return on Assets (ROA)		 2.22% 3.10% 3.90% 9.66% 5.71% 2.51% -0.45% -20.26% 6.48% 4.08% -7.76%
Return on Common Equity (ROCE)		 2.52% 3.52% 4.46% 10.88% 7.64% 3.81% -0.69% -30.39% 8.69% 5.10% -10.03%
Return on Equity Simple (ROE_SIMPLE)		 2.48% 3.42% 4.31% 10.25% 6.71% 3.81% -0.69% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 17 16 21 31 42 43 -6.92 -125 70 40 -218
NOPAT Margin		 7.20% 7.03% 7.93% 9.77% 11.41% 10.80% -1.55% -23.14% 9.72% 4.86% -11.01%
Net Nonoperating Expense Percent (NNEP)		 -2.93% -1.28% -1.27% 5.24% -0.52% 415.35% -7.29% 215.66% -22.19% 6.81% -351.99%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 4.35% -4.24%
Cost of Revenue to Revenue		 54.83% 58.44% 59.88% 59.14% 58.32% 58.33% 68.31% 67.90% 60.38% 61.17% 74.67%
SG&A Expenses to Revenue		 21.59% 20.44% 18.94% 19.20% 16.20% 17.09% 21.64% 24.40% 15.96% 19.35% 22.42%
R&D to Revenue		 14.99% 12.21% 9.85% 10.89% 12.65% 13.61% 12.27% 11.89% 13.63% 12.27% 6.46%
Operating Expenses to Revenue		 36.58% 32.65% 28.78% 30.09% 28.85% 30.70% 33.90% 65.15% 29.59% 33.86% 41.06%
Earnings before Interest and Taxes (EBIT)		 17 21 30 46 48 35 -14 -179 67 42 -300
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 25 28 38 52 56 55 48 -78 104 84 -24
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.87 1.75 3.19 3.55 2.36 4.45 3.29 4.62 5.46 4.82 2.21
Price to Tangible Book Value (P/TBV)		 1.87 1.75 3.19 3.55 7.55 14.21 11.34 7.79 9.47 7.36 9.97
Price to Revenue (P/Rev)		 2.89 2.87 4.85 5.22 3.94 6.90 4.49 4.71 6.27 5.21 4.93
Price to Earnings (P/E)		 75.23 51.15 72.94 34.59 35.20 116.74 0.00 0.00 75.35 98.02 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.33% 1.95% 1.37% 2.89% 2.84% 0.86% 0.00% 0.00% 1.33% 1.02% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 4.12 3.44 10.60 9.45 2.35 4.42 3.05 4.78 5.86 5.02 2.21
Enterprise Value to Revenue (EV/Rev)		 1.77 1.84 3.74 4.19 3.95 6.91 4.65 4.66 6.18 5.16 4.93
Enterprise Value to EBITDA (EV/EBITDA)		 16.40 15.10 26.60 25.35 25.76 49.88 43.03 0.00 42.50 50.37 0.00
Enterprise Value to EBIT (EV/EBIT)		 23.65 20.47 33.09 28.77 30.32 77.99 0.00 0.00 65.66 101.15 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 24.56 26.15 47.22 42.90 34.62 63.99 0.00 0.00 63.56 106.13 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 68.37 0.00 16.20 40.58 57.80 31.53 0.00 221.12 289.61 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 19.64 0.00 0.00 63.99 0.00 98.07 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.32 0.32 0.31 0.24 0.03 0.03 0.17
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.31 0.31 0.29 0.23 0.02 0.03 0.17
Financial Leverage		 -0.76 -0.70 -0.72 -0.73 -0.30 0.01 0.06 0.04 -0.07 -0.06 -0.01
Leverage Ratio		 1.14 1.13 1.14 1.13 1.34 1.52 1.51 1.50 1.34 1.25 1.29
Compound Leverage Factor		 1.20 1.22 1.23 1.24 1.47 1.49 2.11 1.58 1.26 1.18 1.32
Debt to Total Capital		 0.12% 0.04% 0.00% 0.00% 24.40% 24.40% 23.60% 19.49% 3.19% 3.27% 14.21%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 1.24% 1.24% 1.26% 1.10% 1.18% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.12% 0.04% 0.00% 0.00% 23.16% 23.16% 22.34% 18.40% 2.01% 3.27% 14.21%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.06% 0.01% 0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 99.88% 99.90% 99.99% 100.00% 75.60% 75.60% 76.37% 80.51% 96.81% 96.73% 85.79%
Debt to EBITDA		 0.02 0.01 0.00 0.00 3.51 3.61 3.90 -1.71 0.26 0.36 -29.82
Net Debt to EBITDA		 -10.36 -8.52 0.00 0.00 0.08 0.08 1.46 0.30 -0.64 -0.51 -0.64
Long-Term Debt to EBITDA		 0.02 0.01 0.00 0.00 3.33 3.43 3.69 -1.61 0.16 0.36 -29.82
Debt to NOPAT		 0.03 0.01 0.00 0.00 4.71 4.63 -27.14 -1.07 0.39 0.75 -3.35
Net Debt to NOPAT		 -15.51 -14.76 0.00 0.00 0.11 0.11 -10.18 0.18 -0.96 -1.07 -0.07
Long-Term Debt to NOPAT		 0.03 0.01 0.00 0.00 4.48 4.40 -25.70 -1.01 0.25 0.75 -3.35
Altman Z-Score		 10.52 10.25 14.49 23.98 4.23 6.64 5.24 6.33 15.65 12.62 4.92
Noncontrolling Interest Sharing Ratio		 0.00% 0.03% 0.03% 0.00% 0.00% 0.00% 0.02% 0.02% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 7.43 7.37 6.43 10.47 4.18 4.18 3.64 3.93 3.56 3.52 4.30
Quick Ratio		 6.12 5.88 5.33 9.08 3.27 3.27 2.63 2.69 2.37 2.51 3.46
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -10 -7.94 51 -14 -435 43 -69 26 -158 -49 -3,790
Operating Cash Flow to CapEx		 98.79% -142.55% 648.94% 365.02% 225.31% 768.29% -43.15% 76.67% 66.54% -5.78% -125.36%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.58 0.55 0.59 0.64 0.51 0.43 0.48 0.62 0.78 0.77 0.58
Accounts Receivable Turnover		 5.21 3.36 3.43 3.98 3.36 2.94 2.99 3.02 3.10 2.48 3.09
Inventory Turnover		 3.33 3.48 4.10 4.06 3.41 3.22 3.75 3.20 3.00 3.41 6.46
Fixed Asset Turnover		 15.45 14.25 15.26 17.40 9.69 6.71 7.36 10.59 16.59 16.87 18.18
Accounts Payable Turnover		 6.94 8.11 8.63 9.96 10.50 9.27 13.81 14.51 10.87 8.31 12.67
Days Sales Outstanding (DSO)		 70.00 108.73 106.42 91.63 108.51 124.11 122.28 120.75 117.91 147.17 118.03
Days Inventory Outstanding (DIO)		 109.50 105.02 88.94 89.82 107.10 113.52 97.26 114.09 121.86 106.98 56.49
Days Payable Outstanding (DPO)		 52.62 45.02 42.28 36.64 34.77 39.36 26.42 25.16 33.59 43.90 28.80
Cash Conversion Cycle (CCC)		 126.88 168.73 153.08 144.81 180.83 198.27 193.11 209.68 206.18 210.24 145.72
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 100 125 95 139 617 617 679 528 756 844 4,416
Invested Capital Turnover		 2.69 2.07 2.44 2.68 0.97 0.64 0.69 0.90 1.12 1.03 0.75
Increase / (Decrease) in Invested Capital		 27 24 -30 45 477 0.00 62 -151 228 88 3,572
Enterprise Value (EV)		 413 429 1,005 1,318 1,451 2,728 2,072 2,521 4,429 4,233 9,754
Market Capitalization		 675 670 1,303 1,641 1,446 2,724 2,001 2,544 4,496 4,276 9,738
Book Value per Share		 $15.48 $16.28 $17.11 $19.33 $25.51 $24.80 $24.40 $21.81 $29.24 $31.42 $88.12
Tangible Book Value per Share		 $15.48 $16.28 $17.11 $19.31 $7.99 $7.77 $7.08 $12.93 $16.88 $20.59 $19.56
Total Capital		 362 382 409 463 810 810 796 684 850 917 5,129
Total Debt		 0.45 0.16 0.00 0.00 198 198 188 133 27 30 729
Total Long-Term Debt		 0.45 0.16 0.00 0.00 188 188 178 126 17 30 729
Net Debt		 -261 -242 -298 -323 4.64 4.64 70 -23 -67 -42 16
Capital Expenditures (CapEx)		 6.12 9.02 9.56 8.90 11 11 22 15 23 23 63
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 70 106 80 102 135 135 176 230 307 393 819
Debt-free Net Working Capital (DFNWC)		 298 306 337 425 315 315 278 363 381 434 1,451
Net Working Capital (NWC)		 298 306 337 425 305 305 268 356 371 434 1,451
Net Nonoperating Expense (NNE)		 7.87 3.31 3.64 -17 0.83 19 -2.74 51 10 -3.73 47
Net Nonoperating Obligations (NNO)		 -261 -257 -314 -323 4.64 4.64 70 -23 -67 -42 16
Total Depreciation and Amortization (D&A)		 7.73 7.44 7.41 6.16 8.47 20 62 101 37 42 276
Debt-free, Cash-free Net Working Capital to Revenue		 30.05% 45.54% 29.73% 32.31% 36.68% 34.12% 39.39% 42.61% 42.89% 47.95% 41.42%
Debt-free Net Working Capital to Revenue		 127.46% 131.28% 125.53% 135.14% 85.89% 79.88% 62.26% 67.19% 53.12% 52.93% 73.41%
Net Working Capital to Revenue		 127.46% 131.28% 125.53% 135.14% 83.16% 77.35% 60.02% 65.80% 51.72% 52.93% 73.41%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.39 $0.54 $0.86 $2.00 $0.00 $0.00 ($0.17) ($7.04) $2.19 $1.56 ($5.40)
Adjusted Weighted Average Basic Shares Outstanding		 22.94M 23.06M 23.47M 23.66M 0.00 0.00 24.69M 25.04M 27.20M 28.02M 49.09M
Adjusted Diluted Earnings per Share		 $0.39 $0.54 $0.84 $1.97 $0.00 $0.00 ($0.17) ($7.04) $2.18 $1.55 ($5.40)
Adjusted Weighted Average Diluted Shares Outstanding		 23.15M 23.31M 23.81M 24.07M 0.00 0.00 24.69M 25.04M 27.33M 28.17M 49.09M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $2.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 23.36M 23.73M 23.91M 23.94M 0.00 0.00 24.95M 26.21M 28.13M 45.69M 50.61M
Normalized Net Operating Profit after Tax (NOPAT)		 17 16 21 31 42 43 -6.92 -16 70 58 -49
Normalized NOPAT Margin		 7.20% 7.03% 7.93% 9.77% 11.41% 10.80% -1.55% -2.93% 9.72% 7.05% -2.49%
Pre Tax Income Margin		 7.92% 9.68% 12.15% 16.06% 14.34% 8.70% -4.29% -34.85% 8.82% 4.83% -15.46%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 41.89% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.64% -0.52%

Quarterly Metrics And Ratios for AeroVironment

This table displays calculated financial ratios and metrics derived from AeroVironment's official financial filings.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 10/28/2023 1/27/2024 4/30/2024 7/27/2024 10/26/2024 1/25/2025 4/30/2025 8/2/2025 11/1/2025 1/31/2026 4/30/2026
DEI Shares Outstanding		 - - - - - - - - - 49,925,878.00 99,867,986.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 49,925,878.00 99,867,986.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -3.14 0.63
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 62.04% 38.83% 5.88% 24.38% 4.23% -10.15% 39.63% 139.96% 150.72% - 133.27%
EBITDA Growth		 -35.46% -48.06% 114.06% -1.42% -45.73% -71.14% 78.56% -2.41% 101.27% - 342.19%
EBIT Growth		 0.00% 0.00% 102.78% -9.56% -68.54% -113.76% 209.90% -393.15% -459.91% - 332.24%
NOPAT Growth		 0.00% 0.00% 107.24% -13.40% -69.50% -116.43% 61.71% -325.09% -391.80% - 214.97%
Net Income Growth		 369.12% 2,153.99% 103.77% -3.33% -57.72% -112.63% 175.62% -418.29% -326.74% - 279.10%
EPS Growth		 344.44% 1,766.67% 102.81% -10.71% -59.09% -112.00% 227.78% -292.00% -225.93% - 116.95%
Operating Cash Flow Growth		 -153.15% 0.00% -549.13% 266.16% 57.29% -149.02% 97.74% -536.41% -1,137.89% - 36,279.17%
Free Cash Flow Firm Growth		 1,471.92% 4,871.33% -730.27% -223.06% -199.95% -210.84% 65.86% -2,180.75% -15,806.70% - -4,614.32%
Invested Capital Growth		 0.00% 0.00% 43.13% 0.00% 0.00% 0.00% 11.71% 483.54% 472.67% - 423.20%
Revenue Q/Q Growth		 18.69% 3.19% 5.57% 0.00% -0.54% -11.05% 64.08% 65.31% 3.92% - 57.24%
EBITDA Q/Q Growth		 -4.43% -18.83% -37.51% 0.00% -47.39% -56.84% 286.65% 11.15% 8.51% - 158.10%
EBIT Q/Q Growth		 -11.56% -31.28% -70.30% 0.00% -69.24% -130.06% 768.69% -574.01% 62.23% - 122.70%
NOPAT Q/Q Growth		 -4.43% -44.69% -36.12% 0.00% -66.34% -129.80% 728.53% -457.02% 56.37% - 122.77%
Net Income Q/Q Growth		 -18.52% -22.17% -56.46% 0.00% -64.36% -123.25% 1,050.06% -504.28% 74.61% - 125.91%
EPS Q/Q Growth		 -21.43% -24.24% -64.00% 0.00% -64.00% -122.22% 1,083.33% -344.07% 76.39% - 126.12%
Operating Cash Flow Q/Q Growth		 50.02% 716.26% -122.21% 0.00% -112.85% -607.39% 98.98% -46,765.91% 63.56% - 1,970.24%
Free Cash Flow Firm Q/Q Growth		 29.22% -5.00% -997.95% 0.00% -4.95% -5.35% 19.41% -4,869.17% 0.13% - 3.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 4.53% 0.00% 2.93% 4.10% 3.75% 424.95% 1.01% - 3.56%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 41.67% 36.06% 38.40% 42.99% 39.07% 37.70% 36.48% 20.92% 22.03% - 31.58%
EBITDA Margin		 17.13% 13.47% 7.97% 16.86% 8.92% 4.33% 10.20% 6.86% 7.16% - 19.33%
Operating Margin		 13.92% 7.68% 3.02% 12.17% 3.72% -1.84% 5.02% -15.24% -6.40% - 8.87%
EBIT Margin		 12.34% 8.22% 2.31% 12.05% 3.73% -1.26% 5.13% -14.72% -5.35% - 9.51%
Profit (Net Income) Margin		 9.87% 7.44% 3.07% 11.17% 4.00% -1.05% 6.06% -14.82% -3.62% - 9.85%
Tax Burden Percent		 87.58% 91.20% 137.19% 93.71% 119.13% 74.35% 127.16% 79.89% 83.01% - 98.02%
Interest Burden Percent		 91.26% 99.26% 96.75% 98.95% 90.17% 111.75% 92.84% 126.03% 81.53% - 105.63%
Effective Tax Rate		 5.58% 8.27% -41.28% 6.57% -3.49% 0.00% 1.70% 0.00% 0.00% - 24.87%
Return on Invested Capital (ROIC)		 0.00% 0.00% 4.76% 22.58% 7.50% -2.35% 5.07% -4.46% -2.33% - 5.01%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 9.98% 23.45% 6.74% -4.07% -0.55% 41.24% -43.79% - -146.37%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% -0.66% -2.39% -0.60% 0.22% 0.04% -0.65% 0.16% - 0.75%
Return on Equity (ROE)		 0.00% 0.00% 4.11% 20.18% 6.89% -2.13% 5.10% -5.11% -2.17% - 5.76%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -24.62% -182.55% -187.30% -191.60% -6.07% -142.87% -142.90% - -144.09%
Operating Return on Assets (OROA)		 0.00% 0.00% 1.80% 9.09% 2.78% -0.89% 3.94% -4.83% -2.20% - 5.50%
Return on Assets (ROA)		 0.00% 0.00% 2.39% 8.43% 2.99% -0.74% 4.65% -4.86% -1.49% - 5.69%
Return on Common Equity (ROCE)		 0.00% 0.00% 4.11% 20.18% 6.89% -2.13% 5.10% -5.11% -2.17% - 5.76%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 3.83% 0.00% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 24 13 8.40 22 7.25 -2.16 14 -48 -21 -125 43
NOPAT Margin		 13.15% 7.05% 4.26% 11.37% 3.85% -1.29% 4.94% -10.66% -4.48% - 6.67%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -5.21% -0.87% 0.76% 1.71% 5.62% -45.70% 41.45% - 151.38%
Return On Investment Capital (ROIC_SIMPLE)		 - - 0.99% - - -0.24% 1.48% -0.94% -0.41% -2.51% 0.83%
Cost of Revenue to Revenue		 58.33% 63.94% 61.60% 57.01% 60.93% 62.30% 63.52% 79.08% 77.97% - 68.42%
SG&A Expenses to Revenue		 15.57% 14.91% 17.58% 17.84% 20.12% 26.12% 15.73% 28.87% 20.81% - 17.80%
R&D to Revenue		 12.18% 13.47% 17.80% 12.99% 15.24% 13.42% 9.05% 7.28% 7.62% - 4.90%
Operating Expenses to Revenue		 27.75% 28.38% 35.38% 30.82% 35.36% 39.54% 31.45% 36.16% 28.43% - 22.71%
Earnings before Interest and Taxes (EBIT)		 22 15 4.56 23 7.02 -2.11 14 -67 -25 -179 61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 31 25 16 32 17 7.25 28 31 34 -124 124
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 5.46 5.78 7.26 5.91 4.82 2.68 4.18 - 2.21
Price to Tangible Book Value (P/TBV)		 0.00 0.00 9.47 9.74 11.99 9.63 7.36 15.46 22.45 - 9.97
Price to Revenue (P/Rev)		 4.58 5.63 6.27 6.49 8.18 6.85 5.21 10.94 13.48 - 4.93
Price to Earnings (P/E)		 0.00 0.00 68.58 81.96 104.43 115.54 98.02 0.00 0.00 - 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 0.00% 0.00% 1.46% 1.22% 0.96% 0.87% 1.02% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 5.86 6.33 7.87 6.19 5.02 2.68 4.14 - 2.21
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 6.18 6.37 8.08 6.79 5.16 10.95 13.53 - 4.93
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 42.50 46.30 68.69 70.28 50.37 142.75 184.74 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 65.66 73.86 123.72 156.06 101.15 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 63.56 72.50 124.03 147.54 106.13 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 289.61 79.14 93.82 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.03 0.02 0.02 0.03 0.03 0.16 0.16 - 0.17
Long-Term Debt to Equity		 0.00 0.00 0.02 0.01 0.02 0.03 0.03 0.16 0.16 - 0.17
Financial Leverage		 0.00 0.00 -0.07 -0.10 -0.09 -0.06 -0.06 -0.02 0.00 - -0.01
Leverage Ratio		 0.00 0.00 1.34 1.18 1.19 1.22 1.25 1.26 1.26 - 1.29
Compound Leverage Factor		 0.00 0.00 1.30 1.17 1.07 1.36 1.16 1.58 1.03 - 1.37
Debt to Total Capital		 0.00% 0.00% 3.19% 1.95% 1.72% 2.82% 3.27% 14.08% 14.13% - 14.21%
Short-Term Debt to Total Capital		 0.00% 0.00% 1.18% 1.16% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 2.01% 0.79% 1.72% 2.82% 3.27% 14.08% 14.13% - 14.21%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 0.00% 0.00% 96.81% 98.05% 98.28% 97.18% 96.73% 85.92% 85.87% - 85.79%
Debt to EBITDA		 0.00 0.00 0.26 0.16 0.17 0.35 0.36 8.71 7.25 - -29.82
Net Debt to EBITDA		 0.00 0.00 -0.64 -0.83 -0.86 -0.66 -0.51 0.04 0.57 - -0.64
Long-Term Debt to EBITDA		 0.00 0.00 0.16 0.07 0.17 0.35 0.36 8.71 7.25 - -29.82
Debt to NOPAT		 0.00 0.00 0.39 0.25 0.30 0.73 0.75 -20.12 -11.70 - -3.35
Net Debt to NOPAT		 0.00 0.00 -0.96 -1.30 -1.55 -1.39 -1.07 -0.10 -0.92 - -0.07
Long-Term Debt to NOPAT		 0.00 0.00 0.25 0.10 0.30 0.73 0.75 -20.12 -11.70 - -3.35
Altman Z-Score		 0.00 0.00 15.44 20.74 24.87 17.84 12.54 6.45 9.64 - 5.13
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 0.00 3.56 4.26 4.61 4.22 3.52 5.96 5.08 - 4.30
Quick Ratio		 0.00 0.00 2.37 2.87 3.11 2.78 2.51 4.90 4.07 - 3.46
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 775 736 -219 -738 -774 -816 -75 -3,720 -3,715 -3,663 -3,529
Operating Cash Flow to CapEx		 -131.77% 1,384.12% -128.53% 522.12% -72.59% -670.04% -3.10% -544.38% -417.10% - 582.04%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.78 0.75 0.75 0.71 0.77 0.33 0.41 - 0.58
Accounts Receivable Turnover		 0.00 0.00 3.10 2.95 2.74 2.39 2.48 2.37 2.68 - 3.09
Inventory Turnover		 0.00 0.00 3.00 3.16 3.32 3.03 3.41 4.00 5.05 - 6.46
Fixed Asset Turnover		 0.00 0.00 16.59 15.68 15.33 14.97 16.87 11.03 13.36 - 18.18
Accounts Payable Turnover		 0.00 0.00 10.87 10.42 11.40 9.20 8.31 11.19 12.58 - 12.67
Days Sales Outstanding (DSO)		 0.00 0.00 117.91 123.59 133.31 152.81 147.17 154.20 136.41 - 118.03
Days Inventory Outstanding (DIO)		 0.00 0.00 121.86 115.61 110.02 120.39 106.98 91.24 72.29 - 56.49
Days Payable Outstanding (DPO)		 0.00 0.00 33.59 35.04 32.01 39.68 43.90 32.63 29.03 - 28.80
Cash Conversion Cycle (CCC)		 0.00 0.00 206.18 204.16 211.31 233.53 210.24 212.80 179.68 - 145.72
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 0.00 756 759 781 814 844 4,431 4,475 4,351 4,416
Invested Capital Turnover		 0.00 0.00 1.12 1.99 1.95 1.83 1.03 0.42 0.52 - 0.75
Increase / (Decrease) in Invested Capital		 -751 -723 228 759 781 814 88 3,671 3,694 3,538 3,572
Enterprise Value (EV)		 0.00 0.00 4,429 4,804 6,154 5,039 4,233 11,887 18,528 - 9,754
Market Capitalization		 2,995 3,435 4,496 4,890 6,231 5,087 4,276 11,883 18,470 - 9,738
Book Value per Share		 $0.00 $0.00 $29.24 $30.05 $30.43 $30.53 $31.42 $96.89 $88.48 $85.57 $88.12
Tangible Book Value per Share		 $0.00 $0.00 $16.88 $17.85 $18.43 $18.72 $20.59 $16.82 $16.47 $17.72 $19.56
Total Capital		 0.00 0.00 850 862 873 886 917 5,153 5,145 5,000 5,129
Total Debt		 0.00 0.00 27 17 15 25 30 726 727 728 729
Total Long-Term Debt		 0.00 0.00 17 6.79 15 25 30 726 727 728 729
Net Debt		 0.00 0.00 -67 -86 -77 -48 -42 3.63 57 79 16
Capital Expenditures (CapEx)		 6.47 3.80 9.08 5.43 5.02 3.85 8.52 23 11 13 16
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 307 312 334 368 393 679 750 808 819
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 381 393 403 415 434 1,364 1,338 1,395 1,451
Net Working Capital (NWC)		 0.00 0.00 371 383 403 415 434 1,364 1,338 1,395 1,451
Net Nonoperating Expense (NNE)		 5.93 -0.74 2.35 0.38 -0.29 -0.41 -3.08 19 -4.05 31 -20
Net Nonoperating Obligations (NNO)		 0.00 0.00 -67 -86 -77 -48 -42 3.63 57 79 16
Total Depreciation and Amortization (D&A)		 8.65 9.80 11 9.12 9.78 9.36 14 98 59 55 63
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 42.89% 41.36% 43.90% 49.56% 47.95% 62.50% 54.75% - 41.42%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 53.12% 52.13% 52.95% 55.89% 52.93% 125.66% 97.70% - 73.41%
Net Working Capital to Revenue		 0.00% 0.00% 51.72% 50.80% 52.95% 55.89% 52.93% 125.66% 97.70% - 73.41%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.19 $0.76 $0.27 ($0.06) $0.59 ($1.44) ($0.34) ($3.15) $1.28
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 27.20M 27.96M 28.01M 28.03M 28.02M 46.88M 49.72M 49.74M 49.09M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.18 $0.75 $0.27 ($0.06) $0.59 ($1.44) ($0.34) ($3.15) $1.28
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 27.33M 28.28M 28.15M 28.03M 28.17M 46.88M 49.72M 49.74M 49.09M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 28.13M 28.21M 28.20M 28.22M 45.69M 49.93M 49.93M 49.93M 50.61M
Normalized Net Operating Profit after Tax (NOPAT)		 24 13 4.16 22 4.90 -2.16 14 -48 -21 -19 43
Normalized NOPAT Margin		 13.15% 7.05% 2.11% 11.37% 2.60% -1.29% 4.94% -10.66% -4.48% - 6.67%
Pre Tax Income Margin		 11.27% 8.16% 2.24% 11.92% 3.36% -1.41% 4.76% -18.55% -4.36% - 10.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.64% -9.54% -6.16% - -0.52%

Financials Breakdown Chart

Key Financial Trends

AeroVironment’s latest quarter points to a sharp rebound in revenue and profitability, but the longer-term story is still mixed. In Q4 2026, revenue rose to $641.6 million from $408.0 million in Q3 and $472.5 million in Q2, while net income swung to $63.2 million after a large loss in Q3. That said, the quarter also included acquisition activity and the balance sheet shows a much more levered company than it had a year ago.

  • Revenue accelerated significantly in Q4 2026, rising to $641.6 million from $408.0 million in Q3 and $472.5 million in Q2, showing strong top-line momentum.
  • Profitability recovered strongly, with Q4 2026 net income of $63.2 million and EPS of $1.28, versus a $243.8 million loss and EPS of -$4.90 in Q3.
  • Operating income turned positive again in Q4 2026 at $56.9 million after a steep operating loss in Q3, reflecting better core business performance.
  • Gross profit improved meaningfully to $202.6 million in Q4 from $98.8 million in Q3, suggesting stronger execution and/or a better sales mix.
  • Operating cash flow was solid in Q4 2026 at $95.5 million, a major improvement from negative operating cash flow in prior quarters.
  • Liquidity remains substantial, with Q3 2026 showing $289.9 million in cash and equivalents and $297.3 million in short-term investments.
  • Non-cash depreciation and amortization remain large, which boosts reported operating cash flow but also highlights a capital-intensive asset base.
  • The company completed acquisitions in recent quarters, which may support growth but also adds integration and valuation risk.
  • Balance sheet leverage increased materially versus last year, with long-term debt at $727.9 million in Q3 2026 compared with only $25.0 million in Q3 2025.
  • Intangible assets and goodwill ballooned after acquisitions, rising to $925.9 million of intangibles and $2.37 billion of goodwill in Q3 2026, increasing the risk of future impairment charges.

Looking at the trend over the last four years, AeroVironment has transformed from a smaller, fairly conservative balance sheet into a much larger and more acquisition-driven business. Revenue has grown sharply from roughly $152 million in Q1 2024 to $641.6 million in Q4 2026, but profitability has been volatile along the way. The company posted a large impairment charge in Q3 2026 and had a major loss that quarter, showing that results can swing hard when special items hit.

From an investor’s perspective, the key positives are scale, faster revenue growth, and a return to profitability in the latest quarter. The main concerns are leverage, acquisition integration, and the possibility that goodwill/intangible asset values could eventually be written down. If AeroVironment can keep converting growth into stable operating profit and cash flow, the recent quarter is encouraging. If not, the heavier debt load could become a drag.

07/15/26 06:19 AM ETAI Generated. May Contain Errors.

AeroVironment Financials - Frequently Asked Questions

According to the most recent income statement we have on file, AeroVironment's fiscal year ends in April. Their fiscal year 2026 ended on April 30, 2026.

AeroVironment's net income appears to be on an upward trend, with a most recent value of -$265.12 million in 2026, falling from $8.97 million in 2016. The previous period was $43.62 million in 2025. Check out AeroVironment's forecast to explore projected trends and price targets.

AeroVironment's total operating income in 2026 was -$311.00 million, based on the following breakdown:
  • Total Gross Profit: $500.64 million
  • Total Operating Expenses: $811.64 million

Over the last 10 years, AeroVironment's total revenue changed from $233.74 million in 2016 to $1.98 billion in 2026, a change of 745.8%.

AeroVironment's total liabilities were at $1.32 billion at the end of 2026, a 462.4% increase from 2025, and a 2,579.1% increase since 2016.

In the past 10 years, AeroVironment's cash and equivalents has ranged from $40.86 million in 2025 to $377.33 million in 2026, and is currently $377.33 million as of their latest financial filing in 2026.

Over the last 10 years, AeroVironment's book value per share changed from 15.48 in 2016 to 88.12 in 2026, a change of 469.3%.


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Financial statements for NASDAQ:AVAV last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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