Wednesday 14 October 2026
Export AVAV’s income statement to Excel — free account
AeroVironment, Inc.
AVAV Industrials Aerospace & Defense
AeroVironment, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $2.0 billion, up 140.9% from fiscal 2025. In the quarter to July 2026, revenue grew 5.68%, EPS grew 93.1%, free cash flow grew 76.9% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years.
122.39
4.74
−3.73%
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| Apr '17 | Apr '18 | Apr '19 | Apr '20 | Apr '21 | Apr '22 | Apr '23 | Apr '24 | Apr '25 | Apr '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
3 | 6 | 7 | 4 | 3 | 1 | 6 | 6 | 1 | 2 |
P/E ratio |
52.85 | 64.12 | 34.11 | 34.83 | 113.78 | 0.00 | 0.00 | 71.98 | 97.13 | 0.00 |
Altman Z-Score |
10.12 | 14.26 | 23.66 | 14.04 | 6.54 | 5.22 | 6.28 | 15.20 | 12.54 | 4.84 |
P/S ratio |
2.82 | 4.77 | 5.16 | 3.91 | 6.72 | 4.75 | 4.71 | 6.06 | 5.17 | 4.84 |
Altman Z″-Score (non-manufacturers) |
14.60 | 13.42 | 18.25 | 14.40 | 5.74 | 5.17 | 4.16 | 8.08 | 7.56 | 4.82 |
P/FCF ratio |
0.00 | 21.55 | 94.60 | 109.86 | 35.69 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
(1.99) | (3.13) | (2.39) | (1.33) | (1.72) | (2.17) | (3.58) | (1.63) | (2.03) | (1.03) |
P/Operating CF |
106.64 | 33.66 | 80.92 | 143.01 | 350.65 | 156.09 | 979.64 | (372.38) | (16,081.21) | 100.23 |
P/B ratio |
1.72 | 3.13 | 3.51 | 2.81 | 4.34 | 3.48 | 4.62 | 5.28 | 4.79 | 2.18 |
Price to Tangible BV |
1.72 | 3.13 | 3.51 | 2.93 | 13.85 | 11.98 | 7.80 | 9.15 | 7.31 | 9.80 |
EV/Sales |
1.97 | 3.81 | 4.13 | 3.11 | 6.76 | 4.94 | 4.71 | 6.00 | 5.17 | 4.90 |
EV/EBITDA |
17.75 | 28.07 | 31.31 | 20.03 | 42.38 | 42.38 | 32.51 | 39.61 | 41.88 | 47.15 |
EV/Operating CF |
(55.54) | 14.64 | 48.21 | 45.51 | 30.87 | (228.97) | 223.39 | 281.23 | (3,220.47) | (123.46) |
EV/FCF |
(25.23) | 17.21 | 75.75 | 87.46 | 35.92 | (67.13) | (583.02) | (467.91) | (165.58) | (58.27) |
Quick Ratio |
5.88 | 5.33 | 9.10 | 6.75 | 3.27 | 2.63 | 2.69 | 2.37 | 2.52 | 3.47 |
Current Ratio |
7.37 | 6.43 | 10.47 | 7.53 | 4.18 | 3.64 | 3.93 | 3.56 | 3.52 | 4.30 |
Net Debt/EBITDA |
(7.73) | (7.06) | (7.79) | (5.13) | 0.27 | 1.65 | 0.01 | (0.43) | (0.11) | 0.47 |
Debt/Assets |
0.04% | 0.00% | 0.00% | 1.75% | 21.27% | 20.55% | 16.18% | 2.67% | 2.68% | 12.75% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.02 | 0.32 | 0.31 | 0.24 | 0.03 | 0.03 | 0.17 |
Asset Turnover |
0.55 | 0.59 | 0.64 | 0.67 | 0.52 | 0.48 | 0.62 | 0.78 | 0.77 | 0.58 |
Operating CF/Net income |
(0.63) | 3.91 | 0.57 | 0.61 | 3.71 | 2.30 | (0.06) | 0.26 | (0.03) | 0.30 |
Capex/Depreciation |
(1.78) | (1.60) | (1.16) | (1.13) | (0.57) | (0.36) | (0.06) | (0.67) | (0.38) | (0.17) |
Interest Coverage |
12.83 | 13.58 | 7.24 | 9.76 | 70.09 | (1.82) | (19.07) | 17.02 | 18.64 | (55.41) |
| 3.52% | 4.52% | 10.88% | 8.45% | 4.16% | (0.69%) | (30.40%) | 8.69% | 5.10% | (10.03%) | |
| 3.11% | 3.94% | 9.66% | 7.51% | 3.08% | (0.45%) | (20.27%) | 6.48% | 4.08% | (7.76%) | |
ROIC |
7.11% | 12.52% | 15.17% | 13.55% | 4.30% | (0.89%) | (20.25%) | 5.78% | 2.91% | (4.32%) |
Return on Tangible Assets |
4.07% | 5.02% | 10.74% | 8.96% | 6.40% | (1.27%) | (44.56%) | 14.30% | 8.99% | (16.39%) |
Average Days of Receivables |
129.71 | 100.20 | 98.63 | 148.56 | 124.11 | 134.96 | 130.52 | 137.39 | 174.62 | 164.84 |
Research and Development Expense of Revenue |
12.21% | 9.85% | 10.89% | 12.65% | 13.61% | 12.27% | 11.89% | 13.63% | 12.27% | 6.46% |
Selling, General and Administrative Expense of Revenue |
20.44% | 18.93% | 19.20% | 16.20% | 17.09% | 21.63% | 24.40% | 15.96% | 19.35% | 22.42% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.03 | 0.45 | 0.47 | 0.27 | 0.34 | 0.27 | 0.60 |
Share Based Compensation of Revenue |
1.46% | 1.85% | 2.22% | 1.70% | 1.76% | 1.21% | 1.99% | 2.38% | 2.62% | 1.94% |
Graham Net Nets |
0.46 | 0.26 | 0.26 | 0.30 | 0.03 | 0.03 | 0.08 | 0.07 | 0.09 | 0.06 |
Graham Number |
14.19 | 18.26 | 29.73 | 28.87 | 23.57 | 0.00 | 0.00 | 38.87 | 33.32 | 0.00 |
Earnings Yield |
1.89% | 1.56% | 2.93% | 2.87% | 0.88% | (0.21%) | (6.84%) | 1.39% | 1.03% | (2.78%) |
Free Cash Flow Yield |
(2.76%) | 4.64% | 1.06% | 0.91% | 2.80% | (1.55%) | (0.17%) | (0.21%) | (0.60%) | (1.74%) |
Revenue per Share |
10.11 | 11.44 | 13.28 | 15.43 | 16.42 | 18.06 | 21.58 | 26.35 | 29.29 | 40.27 |
Operating CF per Share |
(0.36) | 2.98 | 1.14 | 1.05 | 3.60 | (0.39) | 0.46 | 0.56 | (0.05) | (1.60) |
Capex per Share |
(0.39) | (0.41) | (0.38) | (0.47) | (0.47) | (0.90) | (0.59) | (0.90) | (0.81) | (1.76) |
Free Cash Flow per Share |
(0.75) | 2.57 | 0.76 | 0.59 | 3.13 | (1.29) | (0.14) | (0.34) | (0.86) | (3.35) |
Cash per Share |
8.67 | 10.96 | 13.66 | 12.71 | 7.51 | 4.13 | 5.30 | 2.69 | 1.46 | 12.88 |
Shareholders Equity per Share |
16.57 | 17.43 | 19.55 | 21.42 | 25.45 | 24.64 | 22.00 | 30.24 | 31.64 | 89.64 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
16.57 | 17.43 | 19.55 | 21.42 | 25.45 | 24.64 | 22.00 | 30.24 | 31.64 | 89.64 |
Free Cash Flow |
(17.27) | 60.27 | 18.05 | 13.96 | 75.27 | (31.91) | (3.47) | (9.19) | (24.13) | (164.62) |
Working Capital |
306.02 | 336.96 | 424.72 | 436.97 | 305.45 | 267.52 | 355.67 | 370.70 | 434.36 | 1,451.19 |
Capital Expenditures |
(9.02) | (9.56) | (8.90) | (11.14) | (11.26) | (22.29) | (14.87) | (24.48) | (22.82) | (86.22) |
Net Current Asset Value |
303.78 | 334.69 | 423.32 | 428.87 | 85.18 | 62.92 | 203.40 | 322.47 | 372.46 | 574.08 |
EV/EBIT |
22.07 | 33.59 | 38.41 | 24.23 | 61.67 | 0.00 | 0.00 | 59.88 | 104.05 | 0.00 |
Capex to Sales |
0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.05 | 0.03 | 0.03 | 0.03 | 0.04 |
Price to Operating Income |
31.69 | 42.04 | 47.96 | 30.43 | 61.28 | 0.00 | 0.00 | 60.52 | 104.07 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.32 | 0.31 | 0.45 | 0.46 | 0.33 | 0.99 | 6.46 | 0.79 | 1.19 | 3.10 |
Cash ROIC |
(2.97%) | 9.05% | 2.30% | 1.70% | 7.60% | (3.55%) | (0.42%) | (1.00%) | (2.52%) | (2.86%) |
Accounts Receivable Turnover |
2.95 | 3.43 | 3.96 | 3.13 | 2.78 | 2.98 | 3.02 | 3.10 | 2.48 | 3.08 |
Accounts Payable Turnover |
8.11 | 8.63 | 9.96 | 11.96 | 10.31 | 13.81 | 14.51 | 10.87 | 8.31 | 12.67 |
Inventory Turnover |
3.48 | 4.10 | 4.06 | 4.30 | 3.93 | 3.75 | 3.20 | 3.00 | 3.41 | 6.46 |
Average Days of Payables |
42.59 | 48.46 | 31.36 | 33.84 | 39.36 | 23.07 | 31.18 | 40.73 | 52.69 | 39.69 |
Days of Inventory on Hand |
109.60 | 84.98 | 106.15 | 77.59 | 113.52 | 108.64 | 138.05 | 126.65 | 104.77 | 77.36 |
Average Receivables |
78.89 | 78.26 | 79.30 | 117.21 | 141.89 | 149.54 | 179.05 | 231.53 | 331.19 | 642.69 |
Average Payables |
16.80 | 18.62 | 18.66 | 17.92 | 22.35 | 22.04 | 25.30 | 39.83 | 60.38 | 116.48 |
Average Inventory |
39.20 | 39.17 | 45.74 | 49.80 | 58.59 | 81.14 | 114.72 | 144.49 | 147.13 | 228.47 |
Average Assets |
421.58 | 452.96 | 491.13 | 546.90 | 756.76 | 921.38 | 869.39 | 920.22 | 1,068.21 | 3,418.65 |
Average Common Equity |
371.86 | 395.62 | 435.82 | 486.24 | 561.00 | 610.16 | 579.59 | 686.86 | 854.63 | 2,643.45 |
Columns are period end dates