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AVAVAeroVironment, Inc.
$156.15$7.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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AVAV logo

AeroVironment, Inc.

AVAV
NASDAQ · Aerospace & Defense
$156.15
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$7.9B
P/E-28.9x
52W High$417.86
Volume1.36M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q1

High-Growth Pivot Masks Deteriorating Margins and Cash Burn

AeroVironment is experiencing a structural revenue inflection, driven by explosive demand for its Switchblade TMS platform, with the last five quarters averaging over 135% YoY revenue growth. However, this scaling phase is currently characterized by a severe p...

GrowthAccelerating
ProfitabilityWeak
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

AVAV price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-195% Peers

P/E is 195% below peer median

03

Market leadership

RS 32 · Lag

Laggard (Underperforming 68% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Dec 9
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue has surged to over $640M in a single quarter, but this growth is accompanied by extreme gross margin volatility (ranging from 17.1% to 39.6%) and operating losses that indicate the company has not yet achieved operating leverage at scale.

Analyst Consensus+41.1% target
Buy(30 analysts)
18 Buy12 Hold0 Sell

The Bull Case

Upside Catalysts

Strategic drone importance

The rising strategic importance of drones amid escalating geopolitical tensions and expanding UAV adoption by global militaries.

Leadership in drone market

The company's leadership in the expanding global drone market positions it for growth.

Strong financial metrics

AVAV's trailing and forward P/E ratios indicate strong financial performance and investor confidence.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AVAV-39.05%
S&P 500 (^GSPC)+13.20%
1-Year Return
AVAV-45.80%
S&P 500 (^GSPC)+15.98%
3-Year Return
AVAV+39.01%
S&P 500 (^GSPC)+73.33%
5-Year Return
AVAV+86.16%
S&P 500 (^GSPC)+73.68%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-28.9x
Forward P/E
47.6x
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-28.9x
97.8x
0th· Low
EV/EBITDA
N/A
41.7x
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$49.46-68.3%
Base (Fair)$94.19-41.1%
Bull$90.43-42.1%
$49.46 Bear$94.19 Base$90.43 Bull
Current Market Price: $156.15
Trades at a 65.8% premium to Base DCF ($94.19)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.98B+140.9% YoY
Net income
-$265M-707.8% YoY
Free cash flow
-$78M-224.9% YoY
Operating margin
-15.7%-20.7 pts YoY
ROIC (TTM)-8.1%
Avg ROIC 5Y-
ROE (TTM)-10%
Piotroski Score2 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Sep 9, 2026
$0.59+165.4%
vs $0.22
$480M+6.3%
vs $452M
Q3 2026
Jun 29, 2026
$1.84+26.0%
vs $1.46
$642M+15.4%
vs $556M
Q2 2026
Mar 10, 2026
$0.64-5.6%
vs $0.68
$408M-14.2%
vs $476M
Q4 2025
Dec 9, 2025
$0.44-43.3%
vs $0.78
$473M+0.6%
vs $470M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·2d ago
Bragar Eagel & Squire, P.C. is Investigating Aerovironment, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C.  Litigation Partner  Brandon Walker  Encourages Investors Who Suffered Losses In Aerovironment (AVAV) To Contact Him Directly To Discuss Their Options

The Motley Fool·3d ago
Drones Stock AeroVironment Is Now a Space Stock, Too

New AeroVironment acquisition Blue Halo just landed a $100 million Pentagon contract. Blue Halo has been incorporated into a new AV Space, Cyber, and Directed Energy division.

The Motley Fool·4d ago
Laser Weapons Are Real Now -- and You Can Invest in Them With AeroVironment Stock

The U.S. Army just awarded AV a $464.8 million contract to build laser guns. AV's 30-kilowatt LOCUST X3 laser weapon system can bring down a half-ton Group 3 military drone.

Benzinga·5d ago
Red Cat, Ondas Miss the Cut in Pentagon's Latest Drone Dominance Round

The Pentagon's Gauntlet II results are posted, and the scoreboard belongs almost entirely to private companies.

Filtered for AeroVironment, Inc.More Headlines
04

Compare before deciding

Benchmark AVAV against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for AeroVironment, Inc. (AVAV)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AVAV logoAVAVAeroVironment, Inc.Current
$156.15$7.9B-28.92140.89%-13.41%-10.03%—
KTOS logoKTOSKratos Defense & Security Solutions, Inc.
$46.97$8.81B361.3118.52%2.03%1.14%—
RCAT logoRCATRed Cat Holdings, Inc.
$6.94$838.67M-11.57459.81%-189.21%-34.19%—
JOBY logoJOBYJoby Aviation, Inc.
$6.44$6.33B-5.7039183.09%-755.11%-58.25%—
ACHR logoACHRArcher Aviation Inc.
$5.69$4.32B-5.75—-11589.86%-40.74%—
LHX logoLHXL3Harris Technologies, Inc.
$239.89$44.69B28.122.53%8.17%9.41%—

Compare AVAV vs Peers

AeroVironment, Inc. (AVAV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KTOS

Most directly comparable listed peer for AVAV.

Scale Benchmark

vs PLTR

Larger-name benchmark to compare AVAV against a more recognizable public peer.

Peer Set

Compare Top 5

vs KTOS, RCAT, JOBY, ACHR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AVAV SEC Filings & Documents

AeroVironment, Inc. (AVAV) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Sep 9, 2026·SEC

Material company update

Jun 29, 2026·SEC

Material company update

Jun 25, 2026·SEC

10-K Annual Reports

2
FY 2026

Jun 29, 2026·SEC

FY 2025

Jun 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Sep 10, 2026·SEC

FY 2026

Mar 11, 2026·SEC

FY 2025

Dec 10, 2025·SEC

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AVAV Frequently Asked Questions

AeroVironment, Inc. (AVAV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is AeroVironment, Inc.'s revenue?

AeroVironment, Inc. (AVAV) reported $2.00B in revenue for fiscal year 2026. This represents a 1804% increase from $105.2M in 2005.

How fast is AeroVironment, Inc. growing?

AeroVironment, Inc. (AVAV) grew revenue by 140.9% over the past year. This is strong growth.

Is AVAV profitable?

AeroVironment, Inc. (AVAV) reported a net loss of $202.8M for fiscal year 2026.

Dividend & Returns
What is AVAV's return on equity?

AeroVironment, Inc. (AVAV) has a return on equity (ROE) of -10.0%. Negative ROE indicates the company is unprofitable.

What is AeroVironment, Inc.'s free cash flow?

AeroVironment, Inc. (AVAV) generated $2.2M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in AVAV back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →