11 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 17.4% per year over the past 5 years.
Net income has grown slower than revenue (1.2% vs 17.4% per year).
Operating margin has contracted, at 5.0% in the latest year.
Financial health
The company holds more cash ($41M) than total debt ($30M).
Total debt has grown slower than revenue (-37.8% vs 17.4% per year).
Total debt is 0.4× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$821M
$44M
38.8%
5.0%
-$24M
$30M
$41M
2024
$717M
$60M
39.6%
10.0%
-$8M
$28M
$73M
2023
$541M
-$176M
32.1%
-33.1%
-$3M
$135M
$133M
2022
$446M
-$4M
31.7%
-2.2%
-$32M
$190M
$77M
2021
$395M
$23M
41.7%
11.0%
$75M
$200M
$149M
2020
$367M
$41M
41.7%
12.8%
$14M
—
$255M
2019
$314M
$47M
40.9%
10.8%
—
—
$173M
2018
$268M
$18M
40.1%
11.3%
—
—
$144M
2017
$233M
$13M
41.6%
8.9%
—
—
$80M
2016
—
$9M
—
—
—
—
$124M
2015
—
$13M
—
—
—
—
$143M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Jan '26
$408M
-$244M
24.2%
-65.8%
-$18M
$748M
$290M
Nov '25
$473M
-$17M
22.0%
-6.4%
-$56M
$748M
$359M
Aug '25
$455M
-$67M
20.9%
-15.2%
-$146M
$748M
$686M
Apr '25
—
$17M
—
—
-$9M
$30M
$41M
Jan '25
$168M
-$2M
37.7%
-1.8%
-$30M
$25M
$47M
Oct '24
$188M
$8M
39.1%
3.7%
-$9M
$15M
$69M
Jul '24
$189M
$21M
43.0%
12.2%
$23M
$18M
$81M
Apr '24
—
$6M
—
—
-$21M
$28M
$73M
Jan '24
—
$14M
—
—
$49M
$40M
$108M
Oct '23
—
$18M
—
—
-$15M
$80M
$101M
Jul '23
—
$22M
—
—
-$21M
$130M
$106M
Apr '23
—
-$160M
—
—
-$2M
$135M
$133M
Jan '23
—
-$676000
—
—
-$26M
$168M
$78M
Oct '22
—
-$7M
—
—
$14M
$168M
$101M
Jul '22
—
-$8M
—
—
$10M
$188M
$93M
Apr '22
—
$7M
—
—
$8M
$190M
$77M
Jan '22
—
-$35000
—
—
-$24M
$193M
$83M
Oct '21
—
$3M
—
—
$4M
$195M
$105M
Jul '21
—
-$14M
—
—
-$21M
$198M
$94M
Apr '21
—
$11M
—
—
$5M
$200M
$149M
Valuation over time
How the market has priced AVAV against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 133.6× (Apr '24) to 156.4× (Jun '26).
The price-to-sales ratio has fallen from 10.3× (Mar '23) to 8.3× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is AVAV growing its revenue and profit?
Over the past 5 years, Aerovironment Inc's revenue has grown 17.4% per year, and net income grown 1.2% per year. These are computed facts, not advice.
How much debt does AVAV have?
As of FY2025, Aerovironment Inc reported $30M of total debt against $41M of cash.
What is AVAV's profit margin?
In FY2025, gross margin was 38.8%, operating margin 5.0%, and net margin 5.3%.
What is AVAV's P/E ratio?
As of Jun '26, Aerovironment Inc traded at a price-to-earnings ratio of about 156.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.