AeroVironment, Inc. (AVAV) Financial Ratios
21 years of historical data (2005–2025) · Industrials · Aerospace & Defense
EV/EBITDA
↑
106.74
↑+139% vs avg
5yr avg: 44.69
30Y Low9.2·High52.5
P/FCF
N/A
—
5yr avg: 35.72
30Y Low17.4·High159.2
P/B Ratio
↑
5.54
↑+24% vs avg
5yr avg: 4.47
30Y Low1.4·High5.3
ROE
↑
5.1%
↓+294% vs avg
5yr avg: -2.6%
30Y Low-30%·High65%
Debt/EBITDA
↓
0.79
↓-66% vs avg
5yr avg: 2.29
30Y Low0.0·High4.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AVAV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
AeroVironment, Inc. trades at 112.5x earnings, 35% above its 5-year average of 83.5x, sitting at the 94th percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a premium of 334%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.7B | $4.3B | $4.4B | $2.5B | $2.0B | $2.7B | $1.5B | $1.7B | $1.3B | $666M | $669M |
| Enterprise Value | $8.7B | $4.3B | $4.4B | $2.6B | $2.1B | $2.8B | $1.2B | $1.5B | $1.2B | $586M | $545M |
| P/E Ratio → | 112.50 | 97.75 | 73.30 | — | — | 79.40 | 35.03 | 34.80 | 64.88 | 51.02 | 74.05 |
| P/S Ratio | 10.61 | 5.20 | 6.09 | 4.67 | 4.45 | 6.81 | 3.95 | 5.25 | 4.84 | 2.86 | 2.86 |
| P/B Ratio | 5.54 | 4.82 | 5.31 | 4.58 | 3.26 | 4.39 | 2.85 | 3.57 | 3.16 | 1.74 | 1.85 |
| P/FCF | — | — | — | — | — | 35.72 | 104.60 | 159.24 | 21.76 | — | — |
| P/OCF | — | — | 285.56 | 221.21 | — | 31.07 | 57.84 | 85.69 | 18.75 | — | 1213.56 |
P/E links to full P/E history page with 30-year chart
AVAV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
AeroVironment, Inc.'s enterprise value stands at 106.7x EBITDA, 139% above its 5-year average of 44.7x. The Industrials sector median is 13.7x, placing the stock at a 680% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.23 | 6.07 | 4.72 | 4.76 | 7.00 | 3.29 | 4.70 | 4.30 | 2.51 | 2.33 |
| EV / EBITDA | 106.74 | 52.48 | 40.47 | — | 41.66 | 44.15 | 21.16 | 35.61 | 31.71 | 22.70 | 22.77 |
| EV / EBIT | 214.01 | 67.71 | 59.07 | 213.66 | — | 54.95 | 26.06 | 38.66 | 36.71 | 26.52 | 26.23 |
| EV / FCF | — | — | — | — | — | 36.71 | 86.95 | 142.58 | 19.35 | — | — |
AVAV Profitability
Margins and return-on-capital ratios measuring operating efficiency
AeroVironment, Inc. earns an operating margin of 5.0%, roughly in line with the Industrials sector average. Operating margins have expanded from -33.1% to 5.0% over the past 3 years, signaling improving operational efficiency. ROE of 5.1% is modest, trailing the sector median of 8.2%. ROIC of 3.6% represents below-average returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.4% | 39.4% | 39.6% | 32.1% | 31.7% | 41.7% | 41.7% | 40.9% | 40.1% | 41.8% | 45.3% |
| Operating Margin | 5.0% | 5.0% | 10.0% | -33.1% | -2.2% | 11.0% | 12.8% | 10.8% | 11.3% | 8.9% | 8.6% |
| Net Profit Margin | 5.3% | 5.3% | 8.3% | -32.6% | -0.9% | 5.9% | 11.2% | 15.1% | 6.7% | 5.6% | 3.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.1% | 5.1% | 8.7% | -30.4% | -0.7% | 4.2% | 8.4% | 10.9% | 4.5% | 3.5% | 2.5% |
| ROA | 4.1% | 4.1% | 6.5% | -20.3% | -0.5% | 3.1% | 7.5% | 9.7% | 3.9% | 3.1% | 2.2% |
| ROIC | 3.6% | 3.6% | 7.8% | -20.2% | -1.0% | 6.8% | 12.7% | 9.1% | 8.0% | 5.8% | 6.8% |
| ROCE | 4.5% | 4.5% | 9.1% | -23.6% | -1.2% | 6.4% | 9.6% | 7.7% | 7.6% | 5.5% | 5.6% |
AVAV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
AeroVironment, Inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (75% below the sector average of 3.1x). Net debt stands at $23M ($64M total debt minus $41M cash). Interest coverage of 18.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.07 | 0.30 | 0.36 | 0.36 | 0.02 | — | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 0.79 | 0.79 | 0.55 | — | 4.25 | 3.56 | 0.18 | — | 0.00 | 0.01 | 0.02 |
| Net Debt / Equity | — | 0.03 | -0.02 | 0.05 | 0.23 | 0.12 | -0.48 | -0.37 | -0.35 | -0.21 | -0.34 |
| Net Debt / EBITDA | 0.29 | 0.29 | -0.13 | — | 2.74 | 1.18 | -4.30 | -4.16 | -3.94 | -3.09 | -5.18 |
| Debt / FCF | — | — | — | — | — | 0.98 | -17.65 | -16.66 | -2.41 | — | — |
| Interest Coverage | 18.64 | 18.64 | 17.02 | -19.07 | -1.82 | 70.09 | — | — | — | — | — |
AVAV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
AeroVironment, Inc.'s current ratio of 3.52x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.69x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.93x to 3.52x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.52 | 3.52 | 3.56 | 3.93 | 3.64 | 4.18 | 7.53 | 10.47 | 6.43 | 7.37 | 7.55 |
| Quick Ratio | 2.69 | 2.69 | 2.52 | 2.79 | 2.74 | 3.43 | 6.85 | 9.26 | 5.81 | 6.12 | 6.74 |
| Cash Ratio | 0.24 | 0.24 | 0.51 | 1.09 | 1.01 | 1.88 | 4.52 | 7.20 | 4.14 | 4.16 | 4.91 |
| Asset Turnover | — | 0.73 | 0.71 | 0.66 | 0.49 | 0.43 | 0.63 | 0.62 | 0.57 | 0.54 | 0.57 |
| Inventory Turnover | 3.45 | 3.45 | 2.88 | 2.64 | 3.36 | 3.22 | 4.70 | 3.44 | 4.16 | 2.26 | 3.41 |
| Days Sales Outstanding | — | 174.62 | 137.39 | 130.52 | 134.96 | 124.11 | 148.56 | 98.63 | 100.20 | 129.71 | 117.03 |
AVAV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
AeroVironment, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 0.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.9% | 1.0% | 1.4% | — | — | 1.3% | 2.9% | 2.9% | 1.5% | 2.0% | 1.4% |
| FCF Yield | — | — | — | — | — | 2.8% | 1.0% | 0.6% | 4.6% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% |
| Shares Outstanding | — | $28M | $27M | $25M | $25M | $24M | $24M | $24M | $24M | $23M | $23M |
Peer Comparison
Compare AVAV with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AVAVYou | $9B | 112.5 | 106.7 | — | 39.4% | 5.0% | 5.1% | 3.6% | 0.8 |
 KTOS | $10B | 473.2 | 115.1 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 RCAT | $1B | -17.7 | — | — | 3.1% | -163.5% | -48.7% | -71.0% | — |
 JOBY | $10B | -9.3 | — | — | -30.1% | -1346.9% | -80.1% | -54.7% | — |
 ACHR | $5B | -6.5 | — | — | — | -243100.0% | -41.8% | -89.6% | — |
 LHX | $56B | 35.4 | 19.3 | 21.0 | 25.7% | 10.0% | 8.2% | 5.4% | 3.1 |
 TDY | $30B | 34.1 | 21.6 | 27.8 | 39.2% | 18.8% | 8.9% | 7.0% | 1.8 |
 HII | $13B | 20.8 | 16.0 | 15.8 | 12.7% | 4.9% | 12.4% | 6.2% | 3.4 |
 LDOS | $17B | 12.1 | 9.0 | 10.5 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
 CACI | $11B | 22.4 | 14.9 | 22.9 | 8.9% | 8.9% | 13.5% | 9.2% | 3.5 |
 LMT | $119B | 23.9 | 16.1 | 17.2 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
| Industrials Median | — | 25.9 | 13.7 | 21.0 | 33.0% | 4.7% | 8.2% | 6.4% | 3.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
See AVAV's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs AVAV Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare AVAV vs KTOS
Side-by-side business, growth, and profitability comparison vs Kratos Defense & Security Solutions, Inc..
Start ComparisonAVAV — Frequently Asked Questions
Quick answers to the most common questions about buying AVAV stock.
What is AeroVironment, Inc.'s P/E ratio?
AeroVironment, Inc.'s current P/E ratio is 112.5x. The historical average is 55.2x. This places it at the 94th percentile of its historical range.
What is AeroVironment, Inc.'s EV/EBITDA?
AeroVironment, Inc.'s current EV/EBITDA is 106.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 26.6x.
What is AeroVironment, Inc.'s ROE?
AeroVironment, Inc.'s return on equity (ROE) is 5.1%. The historical average is 10.1%.
Is AVAV stock overvalued?
Based on historical data, AeroVironment, Inc. is trading at a P/E of 112.5x. This is at the 94th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are AeroVironment, Inc.'s profit margins?
AeroVironment, Inc. has 39.4% gross margin and 5.0% operating margin.
How much debt does AeroVironment, Inc. have?
AeroVironment, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.