AeroVironment (AVAV) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

AeroVironment

NasdaqGS•Industrials•Aerospace & Defense

$159.95-3.43(-0.02%)Market closed

Market Cap

$7.97B

P/S

4.0x

P/B

1.8x

AeroVironment, Inc., a defense technology provider, 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. The company operates in two segments, Autonomous Systems; and Space, Cyber and Directed Energy. The company provides uncrewed aircraft systems (UAS), which include small and medium UAS, and kinesis command and control software; and counter-UAS and precision strike, a loitering munitions solution that deliver actionable intelligence and precision firepower modern warfighters, including precision strike, radio frequency and kinetic C-UAS, and electronic warfare systems. It also offers autonomy, AI, and platform technologies; unmanned maritime; and uncrewed ground systems. The company provides digital beamforming technology, a multi-band/beam software defined antenna tile that allows simultaneous communication with multiple satellites; laser communications, a data transmission systems for space operations; space-qualified hardware for line of sight stabilization and control electronics in low, medium, and geostationary earth orbit, as well as cislunar orbits; phased array antenna technology to supports hypersonic telemetry and tracking, and other missile testing; and directed energy solution. It also offers cyber solutions for national security and defense operations. AeroVironment, Inc. was incorporated in 1971 and is headquartered in Arlington, Virginia.

How this company scores

AverageMetricSide Score: 48/100

Strongest: Growth (16/25); weakest: Cash & Earnings Quality (5/25).

Profitability11/25

Growth16/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality5/25

Strengths

Growing revenueLong cash runwayLow leverageConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 98.6x5y range 58.4x – 1599.0x

Currently below its 5-quarter median.

P/S · 4.0x5y range 2.8x – 13.4x

Currently near its 20-quarter median.

P/B · 1.8x5y range 1.8x – 7.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $7.97B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.00B
Q. Revenue: $480.49M
TTM EBITDA: $-21.78M
TTM Op. Income: $-252.59M
Q. Op. Income: $-10.87M
TTM Net Income: $-202.82M
Q. Net Income: $-5.07M
EPS: $-0.1
Shares Out.: $49.82M

$2.00B in TTM revenue grew 84.4% YoY, reaching $480.49M last quarter. TTM EBITDA of $-21.78M and TTM operating income of $-252.59M show growth is flowing through to the bottom line. However, net income is negative at $202.82M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 25.9%
EBITDA Margin: 9.4%
Op. Margin: -2.3%
Net Margin: -1.1%

Op. margin of -2.3% is up 13.0% YoY — cost efficiency is improving. Net margin at -1.1% and gross margin of 25.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 4.0x
P/B Ratio: 1.8x

P/S of 4.0x and P/B of 1.8x. Over the past year, P/E is up 0% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.73B
Cash: $278.39M
Long-Term Debt: $730.06M
Book Value: $4.40B
D/E Ratio: 0.2
Debt/EBITDA: 16.2

With $5.73B in assets and $730.06M in long-term debt, D/E is 0.2and book value is $4.40B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 1% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $13.50M
TTM Free Cash Flow: $-25.03M
FCF Margin: -1.2%
FCF / Net Income: 0.1

TTM FCF of $-25.03M on $13.50M in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.