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AVAV Financials Aerovironment Inc

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
-$176M $322M $821M $0 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-33% 4% 42% 0% 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$32M $22M $75M $0 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $128M $255M 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$379M -$92M $194M $0 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 211.6 423.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 11.2 22.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.