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AV

AeroVironment, Inc.

AVAVIndustrialsNASDAQ

Aerospace & Defense · Last scanned May 29, 2026

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Financials · Annual
Revenue
$820.6M
+14.5% YoY
Net Income
$43.6M
-26.9% YoY
EBITDA
$82.8M
-19.7% YoY
Free Cash Flow
-$304.1M

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About AeroVironment, Inc.

AeroVironment, Inc. designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. Valued at $10.85B, AVAV is a large-cap name in its sector. It operates in two segments, Autonomous Systems; and Space, Cyber and Directed Energy.

Key stats
Market Cap$10.85B
Fwd P/E52.93
EPS$-4.35
Beta1.35
52W Change+20.4%
ROE-8.7%
Analysis

On the balance sheet, AVAV has $587.1M in cash with $826.0M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$304.1M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -8.7%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $445.7M (2022) to $820.6M (2025), reflecting a 84% increase over the period.

Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing AVAV.

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