AVAV
AeroVironment, Inc.
AVAV lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
AVAV Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Under pressure | |
| Weak |
AVAV's revenue is currently healthy, but its profitability, cash flow and balance sheet are under pressure.
AVAV PE Valuation
AVAV has no meaningful PE right now: it lost money over the past year.
AVAV Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for AVAV, with profitability improving. However, they disagree widely on these estimates.
AVAV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.74 | — |
| Q3 2026 | -$4.06 | -$3.42 |
| Q2 2026 | -$5.40 | -448% |
| Q1 2026 | -$6.09 | -634% |
| Q4 2025 | -$1.25 | -174% |
| Q3 2025 | -$0.64 | -131% |
| Q2 2025 | $1.55 | -29% |
| Q1 2025 | $1.14 | +$5.54 |
| Q4 2024 | $1.70 | +$6.63 |
AVAV is still losing money, but less than at its worst: $4.06 per share over the past year, against $7.04 at its worst in early 2023.
AVAV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $480.5M | +5.7% |
| Q2 2026 | $641.6M | +133% |
| Q1 2026 | $408M | +143% |
| Q4 2025 | $472.5M | +151% |
| Q3 2025 | $454.7M | +140% |
| Q2 2025 | $275.1M | +40% |
| Q1 2025 | $167.6M | -10% |
| Q4 2024 | $188.5M | +4.2% |
AVAV's revenue has grown year over year for six quarters in a row: $480M last quarter, up 5.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -2.3% | +13 points |
| Q2 2026 | 8.9% | +3.8 points |
| Q1 2026 | -66% | -64 points |
| Q4 2025 | -6.4% | -10 points |
| Q3 2025 | -15% | -27 points |
| Q2 2025 | 5% | +2 points |
| Q1 2025 | -1.8% | -9.5 points |
| Q4 2024 | 3.7% | -10 points |
AVAV's operating margin was −2.3% last quarter, up 13 points from the same quarter a year ago.
AVAV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$30.5M | +$115.9M |
| Q2 2026 | $79.1M | +$87.9M |
| Q1 2026 | -$17.7M | +$11.9M |
| Q4 2025 | -$55.9M | -$47.2M |
| Q3 2025 | -$146.5M | -739% |
| Q2 2025 | -$8.8M | +$12M |
| Q1 2025 | -$29.6M | -161% |
| Q4 2024 | -$8.7M | +$6.3M |
AVAV has burned cash in seven of the last eight quarters: −$25M over the past year, against −$194M the year before.
AVAV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +735K shares |
| 1 year | +6.3% | +2.9M shares |
| 3 years | +99% | +24.8M shares |
| 5 years | +105% | +25.5M shares |
| Available history | +107% | +25.8M shares |
AVAV has 50M diluted shares, up 6.3% from a year ago.
AVAV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 4.4x | High |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.3x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
| Q3 2024 | -0.6x | Net Cash |
| Q2 2024 | -0.4x | Net Cash |
| Q1 2023 | 1.4x | Healthy |
AVAV's net debt is about 4.4 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
AVAV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.6 | Neutral |
| Stochastic | 14.7 | Oversold |
AVAV's weekly RSI is 40 (neutral) and its Stochastic is 15 (oversold).
AVAV PE vs Industrials Sector
| Metric | AVAV | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
AVAV has no meaningful PE right now: it lost money over the past year.
AVAV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $129.3 | 6.6% below |
| 20 week MA | $147.5 | 18% below |
| 50 week MA | $194.2 | 38% below |
| 100 week MA | $206.6 | 42% below |
| 200 week MA | $172.5 | 30% below |
AVAV is in a downtrend: it's below all five of its weekly moving averages, and 30% below its 200-week average.
AVAV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $62.1 | $89.0 | +43% |
| 2021 | $89.0 | $63.8 | -28% |
| 2022 | $63.8 | $84.7 | +33% |
| 2023 | $84.7 | $126.0 | +49% |
| 2024 | $126.0 | $157.7 | +25% |
| 2025 | $157.7 | $255.0 | +62% |
| 2026 YTD | $255.0 | $120.8 | -53% |
AVAV is down 53% so far in 2026, after finishing higher in five of the previous six years.