AeroVironment (AVAV) Financials

$142.80 -3.53 (-2.41%)

As of 04/14/2025 04:00 PM Eastern

Annual Income Statements for AeroVironment

This table shows AeroVironment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	2.90	8.97	13	18	47	41	23	-4.19	-176	60
Consolidated Net Income / (Loss)	2.90	8.97	13	18	47	41	23	-4.19	-176	60
Net Income / (Loss) Continuing Operations	2.90	15	18	22	42	41	23	-4.19	-176	60
Total Pre-Tax Income	1.89	19	23	33	50	53	34	-19	-188	63
Total Operating Income	2.01	20	21	30	34	47	43	-9.89	-179	72
Total Gross Profit	104	106	97	108	128	153	165	141	174	284
Total Revenue	259	234	233	268	314	367	395	446	541	717
Operating Revenue	259	234	233	268	314	367	395	446	541	717
Total Cost of Revenue	155	128	136	161	186	214	230	304	367	433
Operating Cost of Revenue	155	128	136	161	186	214	230	304	367	433
Total Operating Expenses	102	86	76	77	95	106	121	151	352	212
Selling, General & Admin Expense	56	50	48	51	60	59	67	96	132	114
Research & Development Expense	46	35	28	26	34	46	54	55	64	98
Impairment Charge	-	-	-	-	-	-	0.00	0.00	156	0.00
Total Other Income / (Expense), net	-0.12	-1.56	1.79	2.19	17	5.54	-8.95	-9.26	-9.71	-8.59
Interest & Investment Income	0.88	1.03	1.62	2.24	4.67	4.83	-0.62	-5.44	-9.37	-4.22
Other Income / (Expense), net	-1.00	-2.59	0.17	-0.05	12	0.71	-8.33	-3.82	-0.35	-4.37
Income Tax Expense	-1.00	2.98	4.76	9.80	4.64	5.85	0.54	-10	-15	1.89
Other Gains / (Losses), net	-	-0.14	-0.12	-1.28	-3.94	-5.49	-10	4.59	-2.45	-1.67
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.02	-0.22	-0.02	-0.00	0.01	0.00	0.05	0.00
Basic Earnings per Share	$0.13	$0.39	$0.57	$0.76	$2.00	$1.73	$0.97	($0.17)	($7.04)	$2.19
Weighted Average Basic Shares Outstanding	22.87M	22.94M	23.06M	23.47M	23.66M	23.81M	24.05M	24.69M	25.04M	27.20M
Diluted Earnings per Share	$0.13	$0.39	$0.56	$0.75	$1.97	$1.71	$0.96	($0.17)	($7.04)	$2.18
Weighted Average Diluted Shares Outstanding	23.15M	23.15M	23.31M	23.81M	24.07M	24.09M	24.36M	24.69M	25.04M	27.33M
Weighted Average Basic & Diluted Shares Outstanding	22.30M	23M	23.10M	23.50M	23.94M	24.78M	-	24.95M	26.21M	28.13M

This table shows AeroVironment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	7.26	22	-6.67	14	-230	0.00	0.00	14	0.00	0.00	-1.75
Consolidated Net Income / (Loss)	7.21	22	-6.63	14	-230	22	18	14	21	7.54	-1.75
Net Income / (Loss) Continuing Operations	7.21	22	-6.63	14	-230	22	18	14	21	7.54	-1.75
Total Pre-Tax Income	18	23	-16	15	-247	23	20	15	23	6.33	-2.36
Total Operating Income	13	26	-14	14	-245	26	25	14	23	7.01	-3.09
Total Gross Profit	49	66	26	67	-35	66	75	67	81	74	63
Total Revenue	133	152	112	187	21	152	181	187	189	188	168
Operating Revenue	133	152	112	187	21	152	181	187	189	188	168
Total Cost of Revenue	84	87	86	119	56	87	105	119	108	115	104
Operating Cost of Revenue	84	87	86	119	56	87	105	119	108	115	104
Total Operating Expenses	36	39	40	53	210	39	50	53	58	67	66
Selling, General & Admin Expense	22	24	24	28	52	24	28	28	34	38	44
Research & Development Expense	14	15	17	25	1.64	15	22	25	25	29	22
Total Other Income / (Expense), net	5.27	-3.14	-1.50	0.89	-2.66	-3.14	-4.81	0.89	-0.47	-0.67	0.73
Interest & Investment Income	-1.28	-2.01	-2.31	-0.11	-5.30	-2.01	-1.95	-0.11	-0.24	-0.69	-0.25
Other Income / (Expense), net	6.54	-1.13	0.81	1.00	2.64	-1.13	-2.86	1.00	-0.23	0.02	0.98
Income Tax Expense	15	1.31	-10	1.26	-18	1.31	1.14	1.26	1.49	-0.22	-0.61
Other Gains / (Losses), net	4.43	-0.02	-1.27	-0.08	-0.96	-0.02	-1.39	-0.08	0.07	0.99	0.00
Basic Earnings per Share	$0.30	$0.84	($0.27)	$0.50	($9.04)	$0.84	$0.66	$0.50	$0.76	$0.27	($0.06)
Weighted Average Basic Shares Outstanding	24.69M	26.09M	24.90M	27.91M	25.04M	26.09M	26.87M	27.91M	27.96M	28.01M	28.03M
Diluted Earnings per Share	$0.30	$0.84	($0.27)	$0.50	($9.04)	$0.84	$0.66	$0.50	$0.75	$0.27	($0.06)
Weighted Average Diluted Shares Outstanding	24.69M	26.18M	24.90M	28.04M	25.04M	26.18M	26.96M	28.04M	28.28M	28.15M	28.03M
Weighted Average Basic & Diluted Shares Outstanding	24.95M	26.29M	28.14M	28.14M	26.21M	-	-	-	28.21M	28.20M	28.22M

This table details how cash moves in and out of AeroVironment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	16	-19	-44	56	29	82	-98	-80	56	-60
Net Cash From Operating Activities	39	6.05	-13	62	32	25	87	-9.62	11	15
Net Cash From Continuing Operating Activities	39	6.05	-8.25	70	27	25	87	-9.62	11	15
Net Income / (Loss) Continuing Operations	2.90	15	18	22	42	41	23	-4.19	-176	60
Consolidated Net Income / (Loss)	2.90	8.97	13	18	47	41	23	-4.19	-176	60
Depreciation Expense	8.37	3.86	5.05	5.98	7.67	9.89	19	61	100	36
Amortization Expense	4.53	3.88	2.38	1.42	-1.51	-1.42	0.45	1.03	0.97	1.01
Non-Cash Adjustments To Reconcile Net Income	2.13	5.03	3.96	11	-21	-7.07	32	-14	188	-44
Changes in Operating Assets and Liabilities, net	21	-22	-37	30	-0.34	-18	12	-53	-101	-37
Net Cash From Investing Activities	-24	-16	-37	-6.40	12	59	-379	-52	-7.00	-52
Net Cash From Continuing Investing Activities	-24	-16	-37	-6.40	12	59	-379	-52	-7.00	-52
Purchase of Property, Plant & Equipment	-5.28	-6.12	-9.02	-9.56	-8.90	-11	-11	-22	-15	-23
Acquisitions	-0.55	-0.30	0.00	-3.27	-7.60	-33	-388	-53	-11	-29
Purchase of Investments	-97	-95	-149	-222	-267	-283	-126	-24	-6.43	0.00
Divestitures	-	-	0.00	0.00	32	0.00	0.00	6.50	0.00	0.00
Sale and/or Maturity of Investments	79	85	122	228	263	387	146	36	26	0.00
Other Investing Activities, net	-	-	-0.43	-	0.00	0.00	0.00	4.57	-0.89	0.00
Net Cash From Financing Activities	0.85	-3.10	3.47	2.02	-1.18	-1.83	194	-17	51	-23
Net Cash From Continuing Financing Activities	0.85	-3.10	3.47	2.02	-1.18	-1.83	194	-17	51	-23
Repayment of Debt	-	-0.47	-0.39	-0.29	-0.16	0.00	-3.88	-10	-55	-107
Issuance of Common Equity	-	-	-	-	-	-	0.00	0.00	105	88
Other Financing Activities, net	0.85	1.13	3.86	2.31	-1.02	-1.83	-1.96	-6.28	1.21	-4.23
Other Net Changes in Cash	-	-6.12	-3.08	-1.84	-8.12	-	0.00	-1.32	0.40	-0.28
Cash Interest Paid	-	-	-	-	-	0.00	0.00	5.03	10	6.82
Cash Income Taxes Paid	0.70	1.58	1.80	1.81	6.78	0.53	2.41	1.88	2.91	20

This table details how cash moves in and out of AeroVironment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	-7.12	-27	8.23	6.79	48	-27	-4.96	6.79	7.86	-12	-22
Net Cash From Operating Activities	14	-17	16	53	2.60	-17	-8.53	53	28	-3.64	-26
Net Cash From Continuing Operating Activities	14	-17	16	53	2.60	-17	-8.53	53	28	-3.64	-26
Net Income / (Loss) Continuing Operations	7.21	22	-6.63	14	-160	22	18	14	21	7.54	-1.75
Consolidated Net Income / (Loss)	7.21	22	-6.63	14	-160	22	18	14	21	7.54	-1.75
Depreciation Expense	13	6.95	18	9.58	52	6.95	8.44	9.58	8.85	9.00	9.29
Amortization Expense	0.53	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.27	0.78	0.07
Non-Cash Adjustments To Reconcile Net Income	-2.26	8.56	5.22	3.10	170	8.56	-17	3.10	-9.59	23	-19
Changes in Operating Assets and Liabilities, net	-5.32	-55	-1.03	26	-59	-55	-18	26	7.65	-44	-15
Net Cash From Investing Activities	-15	-3.63	-0.37	-3.80	-7.89	-3.63	-34	-3.80	-6.61	-5.02	-4.97
Net Cash From Continuing Investing Activities	-15	-3.63	-0.37	-3.80	-7.89	-3.63	-34	-3.80	-6.61	-5.02	-4.97
Purchase of Property, Plant & Equipment	-5.23	-3.63	-2.19	-3.80	-4.75	-3.63	-6.47	-3.80	-5.43	-5.02	-3.85
Acquisitions	-	0.00	-5.11	-	-3.00	0.00	-28	-	-1.18	-	-1.13
Net Cash From Financing Activities	-4.69	-6.32	-7.58	-42	53	-6.32	38	-42	-14	-3.52	9.08
Net Cash From Continuing Financing Activities	-4.69	-6.32	-7.58	-42	53	-6.32	38	-42	-14	-3.52	9.08
Repayment of Debt	-2.80	-5.02	-20	-40	-33	-5.02	-50	-40	-11	-18	-0.16
Issuance of Debt	-	-	-	-	-	-	-	-	-	-	10
Other Financing Activities, net	-1.89	-1.30	0.65	-2.13	1.20	-1.30	-0.57	-2.13	-3.45	-0.11	-0.39
Other Net Changes in Cash	-0.71	0.02	0.13	0.19	-0.30	0.02	-0.29	0.19	0.08	-0.03	-0.31
Cash Interest Paid	1.56	1.78	1.23	1.03	4.53	1.78	3.04	1.03	0.37	0.41	0.42
Cash Income Taxes Paid	-0.04	0.04	0.72	4.14	1.72	0.04	11	4.14	0.10	14	4.90

This table presents AeroVironment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	397	411	433	473	509	585	929	914	825	1,016
Total Current Assets	329	344	354	399	470	504	402	369	477	516
Cash & Equivalents	143	124	80	144	173	255	149	77	133	73
Accounts Receivable	34	56	83	74	84	149	134	164	193	270
Inventories, net	39	37	41	37	54	46	72	91	139	150
Prepaid Expenses	4.60	4.15	5.53	5.10	7.42	6.25	15	12	12	22
Current Deferred & Refundable Income Taxes	5.27	-	-	0.00	0.82	-	0.00	0.44	-	0.00
Plant, Property, & Equipment, net	13	17	16	19	17	22	59	62	40	47
Total Noncurrent Assets	55	50	62	55	22	59	468	483	308	454
Long-Term Investments	47	34	42	41	0.00	15	12	15	24	21
Goodwill	-	-	-	-	0.00	6.34	314	334	181	276
Intangible Assets	-	-	-	-	0.46	14	106	97	44	72
Noncurrent Deferred & Refundable Income Taxes	7.43	15	15	11	6.69	4.93	2.06	7.29	27	41
Other Noncurrent Operating Assets	0.74	0.75	5.27	3.00	15	19	33	29	33	44
Total Liabilities & Shareholders' Equity	397	411	433	473	509	585	929	914	825	1,016
Total Liabilities	49	49	50	64	46	75	316	306	274	193
Total Current Liabilities	47	46	48	62	45	67	96	101	121	145
Short-Term Debt	-	-	-	-	-	0.00	10	10	7.50	10
Accounts Payable	19	18	16	21	16	20	25	19	31	48
Current Deferred Revenue	4.24	2.54	2.06	3.56	2.96	7.90	7.18	8.97	17	11
Current Deferred & Payable Income Tax Liabilities	0.69	0.94	1.42	4.09	0.00	1.07	0.86	0.76	2.34	4.16
Current Employee Benefit Liabilities	13	14	11	17	19	24	28	25	36	44
Other Current Liabilities	9.17	11	8.44	6.95	7.43	14	25	37	28	27
Total Noncurrent Liabilities	1.82	2.79	2.24	2.27	1.40	8.10	220	205	152	48
Long-Term Debt	-	-	-	-	-	0.00	188	178	126	17
Noncurrent Deferred & Payable Income Tax Liabilities	0.44	0.44	0.18	0.12	0.08	1.02	3.52	4.08	4.43	6.27
Other Noncurrent Operating Liabilities	-	0.18	0.18	0.62	0.15	7.08	29	23	22	25
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	349	362	382	409	463	510	612	608	551	823
Total Preferred & Common Equity	349	362	382	409	463	510	612	608	0.00	823
Preferred Stock	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Total Common Equity	349	362	382	409	463	510	612	608	551	823
Common Stock	148	154	162	170	176	181	260	267	384	598
Retained Earnings	202	207	220	239	286	328	351	347	171	231
Accumulated Other Comprehensive Income / (Loss)	-1.36	-0.20	-0.13	-0.02	0.00	0.33	0.34	-6.51	-4.45	-5.59

This table presents AeroVironment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2025	Q2 2025	Q3 2025
Total Assets	905	826	1,007	980	999	1,019	1,048
Total Current Assets	355	482	524	501	500	515	544
Cash & Equivalents	83	106	101	108	81	69	47
Accounts Receivable	140	186	216	202	255	278	311
Inventories, net	90	175	182	161	144	140	148
Prepaid Expenses	12	14	20	22	20	18	23
Current Deferred & Refundable Income Taxes	27	-	5.74	8.08	0.34	9.63	15
Plant, Property, & Equipment, net	65	40	44	45	48	50	50
Total Noncurrent Assets	485	305	439	435	451	455	455
Long-Term Investments	12	23	21	21	22	23	26
Goodwill	335	181	275	275	276	276	275
Intangible Assets	104	41	83	78	68	63	58
Noncurrent Deferred & Refundable Income Taxes	3.26	28	21	21	41	41	41
Other Noncurrent Operating Assets	31	33	40	39	44	52	55
Total Liabilities & Shareholders' Equity	905	826	1,007	980	999	1,019	1,048
Total Liabilities	303	252	213	167	154	161	187
Total Current Liabilities	87	107	109	108	117	112	129
Short-Term Debt	10	10	5.00	7.50	10	0.00	0.00
Accounts Payable	15	29	29	27	44	41	49
Current Deferred Revenue	6.86	20	20	18	11	11	12
Current Deferred & Payable Income Tax Liabilities	0.25	4.06	0.60	0.80	5.60	0.03	0.03
Current Employee Benefit Liabilities	21	17	27	28	20	32	37
Other Current Liabilities	34	27	28	26	27	29	32
Total Noncurrent Liabilities	215	144	104	60	36	49	58
Long-Term Debt	180	119	74	31	6.79	15	25
Noncurrent Deferred & Payable Income Tax Liabilities	8.72	4.43	4.36	4.41	6.28	6.27	6.25
Other Noncurrent Operating Liabilities	26	21	26	24	23	28	27
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	603	575	794	813	846	858	861
Total Preferred & Common Equity	602	575	0.00	0.00	0.00	0.00	861
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	602	575	794	813	846	858	861
Common Stock	266	386	589	593	599	604	610
Retained Earnings	340	193	211	225	252	259	258
Accumulated Other Comprehensive Income / (Loss)	-3.43	-4.52	-6.08	-4.89	-5.05	-5.23	-6.20

This table displays calculated financial ratios and metrics derived from AeroVironment's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.06%	-9.89%	-0.27%	15.15%	17.08%	16.87%	7.52%	12.87%	21.27%	32.59%
EBITDA Growth	-50.74%	81.26%	12.54%	33.16%	37.55%	8.35%	-2.86%	-11.97%	-262.07%	233.53%
EBIT Growth	-92.80%	1,629.18%	19.77%	45.08%	50.79%	4.44%	-26.88%	-139.17%	-1,206.35%	137.68%
NOPAT Growth	-73.07%	446.65%	-2.68%	29.90%	44.31%	36.42%	1.75%	-116.23%	-1,707.05%	155.71%
Net Income Growth	-78.90%	209.71%	45.86%	34.94%	168.71%	-13.39%	-43.16%	-117.93%	-4,109.49%	133.87%
EPS Growth	-78.33%	200.00%	43.59%	33.93%	162.67%	-13.20%	-43.86%	-117.71%	-4,041.18%	130.97%
Operating Cash Flow Growth	15.90%	-84.66%	-312.57%	582.79%	-47.67%	-22.71%	244.79%	-111.12%	218.53%	34.14%
Free Cash Flow Firm Growth	62.94%	-142.50%	22.38%	744.20%	-126.97%	-3,054.66%	109.79%	-261.47%	137.34%	-714.68%
Invested Capital Growth	-22.26%	36.91%	24.23%	-23.96%	46.93%	342.50%	0.00%	10.04%	-22.22%	43.13%
Revenue Q/Q Growth	5.26%	-12.07%	20.22%	8.06%	-7.56%	-9.74%	28.55%	-0.76%	-17.14%	0.00%
EBITDA Q/Q Growth	10.49%	43.05%	1,023.28%	-26.27%	-29.55%	39.57%	-6.90%	39.00%	-153.73%	0.00%
EBIT Q/Q Growth	-73.84%	155.21%	556.56%	-32.94%	-31.94%	45.18%	-26.06%	43.43%	-317.10%	0.00%
NOPAT Q/Q Growth	153.30%	18.16%	641.23%	-42.03%	-32.94%	47.30%	2.45%	-92.35%	-311.11%	0.00%
Net Income Q/Q Growth	-25.23%	-16.06%	203.52%	-44.72%	-18.96%	40.27%	-21.84%	-884.71%	-389.60%	0.00%
EPS Q/Q Growth	-23.53%	-18.75%	201.82%	-45.65%	-19.59%	41.32%	-23.20%	-466.67%	-406.09%	0.00%
Operating Cash Flow Q/Q Growth	-17.46%	-63.35%	-379.99%	85.79%	-19.93%	-32.55%	-2.77%	38.37%	-49.01%	0.00%
Free Cash Flow Firm Q/Q Growth	-18.97%	-1,925.91%	50.30%	213.35%	-132.78%	-1,839.35%	-49.85%	87.64%	-16.19%	0.00%
Invested Capital Q/Q Growth	-11.30%	4.19%	14.10%	-26.88%	4.47%	234.63%	337.68%	-2.24%	-26.96%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.20%	45.17%	41.56%	40.12%	40.86%	41.68%	41.67%	31.69%	32.10%	39.62%
EBITDA Margin	5.36%	10.79%	12.17%	14.08%	16.54%	15.33%	13.85%	10.80%	-14.44%	14.54%
Operating Margin	0.78%	8.59%	8.91%	11.34%	10.76%	12.83%	10.97%	-2.22%	-33.05%	10.02%
EBIT Margin	0.39%	7.48%	8.98%	11.32%	14.58%	13.03%	8.86%	-3.07%	-33.12%	9.41%
Profit (Net Income) Margin	1.12%	3.84%	5.61%	6.57%	15.09%	11.18%	5.91%	-0.94%	-32.59%	8.32%
Tax Burden Percent	152.93%	48.43%	57.98%	54.10%	93.94%	77.98%	67.93%	21.86%	93.52%	94.36%
Interest Burden Percent	187.24%	105.90%	107.73%	107.37%	110.20%	110.09%	98.23%	139.70%	105.23%	93.74%
Effective Tax Rate	-52.93%	16.11%	21.09%	30.05%	9.19%	11.10%	1.57%	0.00%	0.00%	2.99%
Return on Invested Capital (ROIC)	3.67%	19.38%	14.55%	19.38%	26.23%	11.08%	6.91%	-1.07%	-20.73%	10.86%
ROIC Less NNEP Spread (ROIC-NNEP)	3.74%	22.31%	15.83%	20.66%	20.99%	11.61%	-408.43%	6.22%	-236.39%	33.04%
Return on Net Nonoperating Assets (RNNOA)	-2.84%	-16.85%	-11.04%	-14.92%	-15.35%	-3.44%	-3.10%	0.38%	-9.66%	-2.17%
Return on Equity (ROE)	0.84%	2.52%	3.52%	4.46%	10.88%	7.64%	3.81%	-0.69%	-30.40%	8.69%
Cash Return on Invested Capital (CROIC)	28.72%	-11.78%	-7.06%	46.61%	-11.79%	-115.18%	6.91%	-10.63%	4.26%	-24.62%
Operating Return on Assets (OROA)	0.26%	4.33%	4.97%	6.71%	9.33%	6.66%	3.77%	-1.49%	-20.59%	7.33%
Return on Assets (ROA)	0.74%	2.22%	3.10%	3.90%	9.66%	5.71%	2.51%	-0.45%	-20.26%	6.48%
Return on Common Equity (ROCE)	0.84%	2.52%	3.52%	4.46%	10.88%	7.64%	3.81%	-0.69%	-30.39%	8.69%
Return on Equity Simple (ROE_SIMPLE)	0.83%	2.48%	3.42%	4.31%	10.25%	6.71%	3.81%	-0.69%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	3.08	17	16	21	31	42	43	-6.92	-125	70
NOPAT Margin	1.19%	7.20%	7.03%	7.93%	9.77%	11.41%	10.80%	-1.55%	-23.14%	9.72%
Net Nonoperating Expense Percent (NNEP)	-0.07%	-2.93%	-1.28%	-1.27%	5.24%	-0.52%	415.35%	-7.29%	215.66%	-22.19%
Cost of Revenue to Revenue	59.80%	54.83%	58.44%	59.88%	59.14%	58.32%	58.33%	68.31%	67.90%	60.38%
SG&A Expenses to Revenue	21.50%	21.59%	20.44%	18.94%	19.20%	16.20%	17.09%	21.64%	24.40%	15.96%
R&D to Revenue	17.92%	14.99%	12.21%	9.85%	10.89%	12.65%	13.61%	12.27%	11.89%	13.63%
Operating Expenses to Revenue	39.42%	36.58%	32.65%	28.78%	30.09%	28.85%	30.70%	33.90%	65.15%	29.59%
Earnings before Interest and Taxes (EBIT)	1.01	17	21	30	46	48	35	-14	-179	67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	14	25	28	38	52	56	55	48	-78	104
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.71	1.87	1.75	3.19	3.55	2.36	4.45	3.29	4.62	5.46
Price to Tangible Book Value (P/TBV)	1.71	1.87	1.75	3.19	3.55	7.55	14.21	11.34	7.79	9.47
Price to Revenue (P/Rev)	2.30	2.89	2.87	4.85	5.22	3.94	6.90	4.49	4.71	6.27
Price to Earnings (P/E)	206.31	75.23	51.15	72.94	34.59	35.20	116.74	0.00	0.00	75.35
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.48%	1.33%	1.95%	1.37%	2.89%	2.84%	0.86%	0.00%	0.00%	1.33%
Enterprise Value to Invested Capital (EV/IC)	4.39	4.12	3.44	10.60	9.45	2.35	4.42	3.05	4.78	5.86
Enterprise Value to Revenue (EV/Rev)	1.24	1.77	1.84	3.74	4.19	3.95	6.91	4.65	4.66	6.18
Enterprise Value to EBITDA (EV/EBITDA)	23.13	16.40	15.10	26.60	25.35	25.76	49.88	43.03	0.00	42.50
Enterprise Value to EBIT (EV/EBIT)	318.21	23.65	20.47	33.09	28.77	30.32	77.99	0.00	0.00	65.66
Enterprise Value to NOPAT (EV/NOPAT)	104.45	24.56	26.15	47.22	42.90	34.62	63.99	0.00	0.00	63.56
Enterprise Value to Operating Cash Flow (EV/OCF)	8.16	68.37	0.00	16.20	40.58	57.80	31.53	0.00	221.12	289.61
Enterprise Value to Free Cash Flow (EV/FCFF)	13.36	0.00	0.00	19.64	0.00	0.00	63.99	0.00	98.07	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.32	0.32	0.31	0.24	0.03
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.31	0.31	0.29	0.23	0.02
Financial Leverage	-0.76	-0.76	-0.70	-0.72	-0.73	-0.30	0.01	0.06	0.04	-0.07
Leverage Ratio	1.13	1.14	1.13	1.14	1.13	1.34	1.52	1.51	1.50	1.34
Compound Leverage Factor	2.12	1.20	1.22	1.23	1.24	1.47	1.49	2.11	1.58	1.26
Debt to Total Capital	0.00%	0.12%	0.04%	0.00%	0.00%	24.40%	24.40%	23.60%	19.49%	3.19%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	1.24%	1.24%	1.26%	1.10%	1.18%
Long-Term Debt to Total Capital	0.00%	0.12%	0.04%	0.00%	0.00%	23.16%	23.16%	22.34%	18.40%	2.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.06%	0.01%	0.00%	0.00%	0.00%	0.03%	0.00%	0.00%
Common Equity to Total Capital	100.00%	99.88%	99.90%	99.99%	100.00%	75.60%	75.60%	76.37%	80.51%	96.81%
Debt to EBITDA	0.00	0.02	0.01	0.00	0.00	3.51	3.61	3.90	-1.71	0.26
Net Debt to EBITDA	0.00	-10.36	-8.52	0.00	0.00	0.08	0.08	1.46	0.30	-0.64
Long-Term Debt to EBITDA	0.00	0.02	0.01	0.00	0.00	3.33	3.43	3.69	-1.61	0.16
Debt to NOPAT	0.00	0.03	0.01	0.00	0.00	4.71	4.63	-27.14	-1.07	0.39
Net Debt to NOPAT	0.00	-15.51	-14.76	0.00	0.00	0.11	0.11	-10.18	0.18	-0.96
Long-Term Debt to NOPAT	0.00	0.03	0.01	0.00	0.00	4.48	4.40	-25.70	-1.01	0.25
Altman Z-Score	9.61	10.52	10.25	14.49	23.98	4.23	6.64	5.24	6.33	15.65
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.03%	0.03%	0.00%	0.00%	0.00%	0.02%	0.02%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.04	7.43	7.37	6.43	10.47	4.18	4.18	3.64	3.93	3.56
Quick Ratio	5.61	6.12	5.88	5.33	9.08	3.27	3.27	2.63	2.69	2.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	24	-10	-7.94	51	-14	-435	43	-69	26	-158
Operating Cash Flow to CapEx	746.60%	98.79%	-142.55%	648.94%	365.02%	225.31%	768.29%	-43.15%	76.67%	66.54%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.58	0.55	0.59	0.64	0.51	0.43	0.48	0.62	0.78
Accounts Receivable Turnover	7.94	5.21	3.36	3.43	3.98	3.36	2.94	2.99	3.02	3.10
Inventory Turnover	3.44	3.33	3.48	4.10	4.06	3.41	3.22	3.75	3.20	3.00
Fixed Asset Turnover	15.49	15.45	14.25	15.26	17.40	9.69	6.71	7.36	10.59	16.59
Accounts Payable Turnover	9.36	6.94	8.11	8.63	9.96	10.50	9.27	13.81	14.51	10.87
Days Sales Outstanding (DSO)	45.97	70.00	108.73	106.42	91.63	108.51	124.11	122.28	120.75	117.91
Days Inventory Outstanding (DIO)	106.01	109.50	105.02	88.94	89.82	107.10	113.52	97.26	114.09	121.86
Days Payable Outstanding (DPO)	39.00	52.62	45.02	42.28	36.64	34.77	39.36	26.42	25.16	33.59
Cash Conversion Cycle (CCC)	112.99	126.88	168.73	153.08	144.81	180.83	198.27	193.11	209.68	206.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	73	100	125	95	139	617	617	679	528	756
Invested Capital Turnover	3.09	2.69	2.07	2.44	2.68	0.97	0.64	0.69	0.90	1.12
Increase / (Decrease) in Invested Capital	-21	27	24	-30	45	477	0.00	62	-151	228
Enterprise Value (EV)	322	413	429	1,005	1,318	1,451	2,728	2,072	2,521	4,429
Market Capitalization	597	675	670	1,303	1,641	1,446	2,724	2,001	2,544	4,496
Book Value per Share	$14.95	$15.48	$16.28	$17.11	$19.33	$25.51	$24.80	$24.40	$21.81	$29.24
Tangible Book Value per Share	$14.95	$15.48	$16.28	$17.11	$19.31	$7.99	$7.77	$7.08	$12.93	$16.88
Total Capital	349	362	382	409	463	810	810	796	684	850
Total Debt	0.00	0.45	0.16	0.00	0.00	198	198	188	133	27
Total Long-Term Debt	0.00	0.45	0.16	0.00	0.00	188	188	178	126	17
Net Debt	-276	-261	-242	-298	-323	4.64	4.64	70	-23	-67
Capital Expenditures (CapEx)	5.28	6.12	9.02	9.56	8.90	11	11	22	15	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	54	70	106	80	102	135	135	176	230	307
Debt-free Net Working Capital (DFNWC)	282	298	306	337	425	315	315	278	363	381
Net Working Capital (NWC)	282	298	306	337	425	305	305	268	356	371
Net Nonoperating Expense (NNE)	0.19	7.87	3.31	3.64	-17	0.83	19	-2.74	51	10
Net Nonoperating Obligations (NNO)	-276	-261	-257	-314	-323	4.64	4.64	70	-23	-67
Total Depreciation and Amortization (D&A)	13	7.73	7.44	7.41	6.16	8.47	20	62	101	37
Debt-free, Cash-free Net Working Capital to Revenue	20.63%	30.05%	45.54%	29.73%	32.31%	36.68%	34.12%	39.39%	42.61%	42.89%
Debt-free Net Working Capital to Revenue	108.83%	127.46%	131.28%	125.53%	135.14%	85.89%	79.88%	62.26%	67.19%	53.12%
Net Working Capital to Revenue	108.83%	127.46%	131.28%	125.53%	135.14%	83.16%	77.35%	60.02%	65.80%	51.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.13	$0.39	$0.54	$0.86	$2.00	$0.00	$0.00	($0.17)	($7.04)	$2.19
Adjusted Weighted Average Basic Shares Outstanding	22.87M	22.94M	23.06M	23.47M	23.66M	0.00	0.00	24.69M	25.04M	27.20M
Adjusted Diluted Earnings per Share	$0.13	$0.39	$0.54	$0.84	$1.97	$0.00	$0.00	($0.17)	($7.04)	$2.18
Adjusted Weighted Average Diluted Shares Outstanding	23.15M	23.15M	23.31M	23.81M	24.07M	0.00	0.00	24.69M	25.04M	27.33M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.35M	23.36M	23.73M	23.91M	23.94M	0.00	0.00	24.95M	26.21M	28.13M
Normalized Net Operating Profit after Tax (NOPAT)	1.41	17	16	21	31	42	43	-6.92	-16	70
Normalized NOPAT Margin	0.54%	7.20%	7.03%	7.93%	9.77%	11.41%	10.80%	-1.55%	-2.93%	9.72%
Pre Tax Income Margin	0.73%	7.92%	9.68%	12.15%	16.06%	14.34%	8.70%	-4.29%	-34.85%	8.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	41.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from AeroVironment's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.49%	7.43%	48.20%	107.09%	-84.32%	40.39%	62.04%	38.83%	24.38%	4.23%	-10.15%
EBITDA Growth	67.68%	653.96%	389.16%	1,299.51%	-667.04%	203.94%	-35.46%	-48.06%	-1.42%	-45.73%	-71.14%
EBIT Growth	116.36%	70.46%	432.69%	208.84%	-1,336.92%	785.82%	0.00%	0.00%	-9.56%	-68.54%	-113.76%
NOPAT Growth	-91.20%	72.97%	917.10%	232.97%	-8,731.63%	1,185.42%	0.00%	0.00%	-13.40%	-69.50%	-116.43%
Net Income Growth	-34.27%	39.73%	597.97%	39,771.43%	-3,286.18%	361.00%	369.12%	2,153.99%	-3.33%	-57.72%	-112.63%
EPS Growth	-31.82%	40.35%	560.00%	0.00%	-3,113.33%	347.06%	344.44%	1,766.67%	-10.71%	-59.09%	-112.00%
Operating Cash Flow Growth	79.10%	203.81%	309.65%	273.41%	-80.83%	0.00%	-153.15%	0.00%	266.16%	57.29%	-149.02%
Free Cash Flow Firm Growth	-366.06%	118.95%	88.99%	97.26%	65.94%	534.46%	1,471.92%	4,871.33%	-223.06%	-199.95%	-210.84%
Invested Capital Growth	10.04%	-14.41%	11.96%	4.12%	-22.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	47.21%	-18.18%	18.69%	67.21%	-88.85%	632.61%	18.69%	3.19%	0.00%	-0.54%	-11.05%
EBITDA Q/Q Growth	867.99%	-68.15%	48.06%	0.87%	-492.20%	117.07%	-4.43%	-18.83%	0.00%	-47.39%	-56.84%
EBIT Q/Q Growth	238.78%	-118.82%	-11.56%	-31.28%	-1,677.16%	110.43%	-11.56%	-31.28%	0.00%	-69.24%	-130.06%
NOPAT Q/Q Growth	120.06%	-215.56%	-4.43%	-44.69%	-1,401.88%	114.53%	-4.43%	-44.69%	0.00%	-66.34%	-129.80%
Net Income Q/Q Growth	20,705.71%	-216.32%	-18.52%	309.46%	-1,754.93%	109.53%	-18.52%	-22.17%	0.00%	-64.36%	-123.25%
EPS Q/Q Growth	0.00%	-213.33%	-21.43%	285.19%	-1,908.00%	109.29%	-21.43%	-24.24%	0.00%	-64.00%	-122.22%
Operating Cash Flow Q/Q Growth	168.36%	17.18%	387.15%	114.34%	-92.44%	-756.48%	50.02%	716.26%	0.00%	-112.85%	-607.39%
Free Cash Flow Firm Q/Q Growth	89.36%	257.65%	-146.41%	72.68%	-32.33%	3,037.13%	29.22%	-5.00%	0.00%	-4.95%	-5.35%
Invested Capital Q/Q Growth	-2.24%	-15.33%	30.67%	-3.74%	-26.96%	-100.00%	0.00%	0.00%	0.00%	2.93%	4.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.66%	31.07%	41.67%	36.06%	-167.27%	43.10%	41.67%	36.06%	42.99%	39.07%	37.70%
EBITDA Margin	25.24%	9.82%	26.53%	25.94%	-912.74%	21.27%	17.13%	13.47%	16.86%	8.92%	4.33%
Operating Margin	9.81%	-3.02%	13.92%	7.68%	-1,175.97%	17.31%	13.92%	7.68%	12.17%	3.72%	-1.84%
EBIT Margin	14.75%	-3.39%	12.34%	8.22%	-1,163.28%	16.57%	12.34%	8.22%	12.05%	3.73%	-1.26%
Profit (Net Income) Margin	5.44%	-7.73%	9.87%	7.44%	-1,105.01%	14.37%	9.87%	7.44%	11.17%	4.00%	-1.05%
Tax Burden Percent	39.45%	158.79%	87.58%	91.20%	92.96%	94.25%	87.58%	91.20%	93.71%	119.13%	74.35%
Interest Burden Percent	93.48%	143.56%	91.26%	99.26%	102.19%	92.04%	91.26%	99.26%	98.95%	90.17%	111.75%
Effective Tax Rate	84.76%	0.00%	5.58%	8.27%	0.00%	5.66%	5.58%	8.27%	6.57%	-3.49%	0.00%
Return on Invested Capital (ROIC)	1.03%	-1.54%	10.28%	6.49%	-737.55%	0.00%	0.00%	0.00%	22.58%	7.50%	-2.35%
ROIC Less NNEP Spread (ROIC-NNEP)	14.95%	-18.20%	-32.75%	117.31%	-984.89%	0.00%	0.00%	0.00%	23.45%	6.74%	-4.07%
Return on Net Nonoperating Assets (RNNOA)	0.92%	-1.14%	-0.65%	0.11%	-40.27%	0.00%	0.00%	0.00%	-2.39%	-0.60%	0.22%
Return on Equity (ROE)	1.95%	-2.67%	9.63%	6.60%	-777.82%	0.00%	0.00%	0.00%	20.18%	6.89%	-2.13%
Cash Return on Invested Capital (CROIC)	-10.63%	15.42%	-4.58%	4.33%	4.26%	0.00%	0.00%	0.00%	-182.55%	-187.30%	-191.60%
Operating Return on Assets (OROA)	7.13%	-1.77%	7.10%	5.69%	-723.26%	0.00%	0.00%	0.00%	9.09%	2.78%	-0.89%
Return on Assets (ROA)	2.63%	-4.04%	5.68%	5.15%	-687.03%	0.00%	0.00%	0.00%	8.43%	2.99%	-0.74%
Return on Common Equity (ROCE)	1.95%	-2.67%	9.63%	6.60%	-777.66%	0.00%	0.00%	0.00%	20.18%	6.89%	-2.13%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.83%
Net Operating Profit after Tax (NOPAT)	1.98	-2.29	24	13	-171	25	24	13	22	7.25	-2.16
NOPAT Margin	1.50%	-2.11%	13.15%	7.05%	-823.18%	16.33%	13.15%	7.05%	11.37%	3.85%	-1.29%
Net Nonoperating Expense Percent (NNEP)	-13.92%	16.66%	43.03%	-110.82%	247.33%	0.00%	0.00%	0.00%	-0.87%	0.76%	1.71%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	-0.24%
Cost of Revenue to Revenue	63.34%	68.93%	58.33%	63.94%	267.27%	56.90%	58.33%	63.94%	57.01%	60.93%	62.30%
SG&A Expenses to Revenue	16.54%	20.22%	15.57%	14.91%	250.57%	15.64%	15.57%	14.91%	17.84%	20.12%	26.12%
R&D to Revenue	10.31%	13.86%	12.18%	13.47%	7.87%	10.15%	12.18%	13.47%	12.99%	15.24%	13.42%
Operating Expenses to Revenue	26.85%	34.09%	27.75%	28.38%	1,008.70%	25.79%	27.75%	28.38%	30.82%	35.36%	39.54%
Earnings before Interest and Taxes (EBIT)	20	-3.68	22	15	-242	25	22	15	23	7.02	-2.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	11	48	48	-190	32	31	25	32	17	7.25
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.29	3.74	3.87	4.23	4.62	0.00	0.00	0.00	5.78	7.26	5.91
Price to Tangible Book Value (P/TBV)	11.34	6.08	7.04	7.46	7.79	0.00	0.00	0.00	9.74	11.99	9.63
Price to Revenue (P/Rev)	4.49	4.74	5.52	5.27	4.71	4.26	4.58	5.63	6.49	8.18	6.85
Price to Earnings (P/E)	0.00	1,537.22	65.34	56.43	0.00	0.00	0.00	0.00	81.96	104.43	115.54
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.07%	1.53%	1.77%	0.00%	0.00%	0.00%	0.00%	1.22%	0.96%	0.87%
Enterprise Value to Invested Capital (EV/IC)	3.05	3.74	4.03	4.63	4.78	0.00	0.00	0.00	6.33	7.87	6.19
Enterprise Value to Revenue (EV/Rev)	4.65	4.74	5.45	5.13	4.66	0.00	0.00	0.00	6.37	8.08	6.79
Enterprise Value to EBITDA (EV/EBITDA)	43.03	37.44	25.81	23.03	0.00	0.00	0.00	0.00	46.30	68.69	70.28
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	57.11	40.57	0.00	0.00	0.00	0.00	73.86	123.72	156.06
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	63.55	56.47	0.00	0.00	0.00	0.00	72.50	124.03	147.54
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	99.62	118.03	149.61	221.12	0.00	0.00	0.00	79.14	93.82	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	22.38	0.00	109.07	98.07	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.31	0.22	0.10	0.05	0.24	0.00	0.00	0.00	0.02	0.02	0.03
Long-Term Debt to Equity	0.29	0.21	0.09	0.04	0.23	0.00	0.00	0.00	0.01	0.02	0.03
Financial Leverage	0.06	0.06	0.02	0.00	0.04	0.00	0.00	0.00	-0.10	-0.09	-0.06
Leverage Ratio	1.51	1.48	1.39	1.33	1.50	0.00	0.00	0.00	1.18	1.19	1.22
Compound Leverage Factor	1.41	2.12	1.26	1.32	1.53	0.00	0.00	0.00	1.17	1.07	1.36
Debt to Total Capital	23.60%	18.28%	9.02%	4.55%	19.49%	0.00%	0.00%	0.00%	1.95%	1.72%	2.82%
Short-Term Debt to Total Capital	1.26%	1.42%	0.57%	0.88%	1.10%	0.00%	0.00%	0.00%	1.16%	0.00%	0.00%
Long-Term Debt to Total Capital	22.34%	16.86%	8.45%	3.67%	18.40%	0.00%	0.00%	0.00%	0.79%	1.72%	2.82%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	76.37%	81.72%	90.98%	95.45%	80.51%	0.00%	0.00%	0.00%	98.05%	98.28%	97.18%
Debt to EBITDA	3.90	2.24	0.67	0.27	-1.71	0.00	0.00	0.00	0.16	0.17	0.35
Net Debt to EBITDA	1.46	0.00	-0.37	-0.62	0.30	0.00	0.00	0.00	-0.83	-0.86	-0.66
Long-Term Debt to EBITDA	3.69	2.07	0.63	0.22	-1.61	0.00	0.00	0.00	0.07	0.17	0.35
Debt to NOPAT	-27.14	-175.21	1.65	0.65	-1.07	0.00	0.00	0.00	0.25	0.30	0.73
Net Debt to NOPAT	-10.18	-0.12	-0.90	-1.52	0.18	0.00	0.00	0.00	-1.30	-1.55	-1.39
Long-Term Debt to NOPAT	-25.70	-161.58	1.55	0.53	-1.01	0.00	0.00	0.00	0.10	0.30	0.73
Altman Z-Score	5.37	6.53	10.07	13.84	6.07	0.00	0.00	0.00	20.74	24.87	17.84
Noncontrolling Interest Sharing Ratio	0.02%	0.01%	0.02%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.64	4.49	4.79	4.66	3.93	0.00	0.00	0.00	4.26	4.61	4.22
Quick Ratio	2.63	2.73	2.90	2.88	2.69	0.00	0.00	0.00	2.87	3.11	2.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-60	94	-56	-15	-20	600	775	736	-738	-774	-816
Operating Cash Flow to CapEx	259.48%	294.59%	1,238.79%	286,591.67%	54.69%	-469.77%	-131.77%	1,384.12%	522.12%	-72.59%	-670.04%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.52	0.58	0.69	0.62	0.00	0.00	0.00	0.75	0.75	0.71
Accounts Receivable Turnover	2.99	2.84	3.08	3.82	3.02	0.00	0.00	0.00	2.95	2.74	2.39
Inventory Turnover	3.75	2.36	2.62	3.15	3.20	0.00	0.00	0.00	3.16	3.32	3.03
Fixed Asset Turnover	7.36	8.52	9.93	11.82	10.59	0.00	0.00	0.00	15.68	15.33	14.97
Accounts Payable Turnover	13.81	13.10	13.72	18.79	14.51	0.00	0.00	0.00	10.42	11.40	9.20
Days Sales Outstanding (DSO)	122.28	128.60	118.61	95.55	120.75	0.00	0.00	0.00	123.59	133.31	152.81
Days Inventory Outstanding (DIO)	97.26	154.70	139.58	115.84	114.09	0.00	0.00	0.00	115.61	110.02	120.39
Days Payable Outstanding (DPO)	26.42	27.86	26.61	19.42	25.16	0.00	0.00	0.00	35.04	32.01	39.68
Cash Conversion Cycle (CCC)	193.11	255.44	231.57	191.97	209.68	0.00	0.00	0.00	204.16	211.31	233.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	679	575	751	723	528	0.00	0.00	0.00	759	781	814
Invested Capital Turnover	0.69	0.73	0.78	0.92	0.90	0.00	0.00	0.00	1.99	1.95	1.83
Increase / (Decrease) in Invested Capital	62	-97	80	29	-151	-575	-751	-723	759	781	814
Enterprise Value (EV)	2,072	2,149	3,028	3,345	2,521	0.00	0.00	0.00	4,804	6,154	5,039
Market Capitalization	2,001	2,149	3,071	3,435	2,544	2,491	2,995	3,435	4,890	6,231	5,087
Book Value per Share	$24.40	$23.03	$30.19	$28.90	$21.81	$0.00	$0.00	$0.00	$30.05	$30.43	$30.53
Tangible Book Value per Share	$7.08	$14.16	$16.59	$16.36	$12.93	$0.00	$0.00	$0.00	$17.85	$18.43	$18.72
Total Capital	796	703	872	852	684	0.00	0.00	0.00	862	873	886
Total Debt	188	129	79	39	133	0.00	0.00	0.00	17	15	25
Total Long-Term Debt	178	119	74	31	126	0.00	0.00	0.00	6.79	15	25
Net Debt	70	0.09	-43	-90	-23	0.00	0.00	0.00	-86	-77	-48
Capital Expenditures (CapEx)	5.23	5.39	3.96	0.01	4.75	3.63	6.47	3.80	5.43	5.02	3.85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	176	279	319	293	230	0.00	0.00	0.00	312	334	368
Debt-free Net Working Capital (DFNWC)	278	384	420	401	363	0.00	0.00	0.00	393	403	415
Net Working Capital (NWC)	268	374	415	393	356	0.00	0.00	0.00	383	403	415
Net Nonoperating Expense (NNE)	-5.23	6.10	5.93	-0.74	59	2.98	5.93	-0.74	0.38	-0.29	-0.41
Net Nonoperating Obligations (NNO)	70	0.09	-43	-90	-23	0.00	0.00	0.00	-86	-77	-48
Total Depreciation and Amortization (D&A)	14	14	26	33	52	7.17	8.65	9.80	9.12	9.78	9.36
Debt-free, Cash-free Net Working Capital to Revenue	39.39%	61.47%	57.36%	44.91%	42.61%	0.00%	0.00%	0.00%	41.36%	43.90%	49.56%
Debt-free Net Working Capital to Revenue	62.26%	84.83%	75.51%	61.42%	67.19%	0.00%	0.00%	0.00%	52.13%	52.95%	55.89%
Net Working Capital to Revenue	60.02%	82.63%	74.61%	60.27%	65.80%	0.00%	0.00%	0.00%	50.80%	52.95%	55.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.30	($0.34)	$0.66	$0.50	($9.04)	$0.00	$0.00	$0.00	$0.76	$0.27	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	24.69M	24.80M	26.87M	27.91M	25.04M	0.00	0.00	0.00	27.96M	28.01M	28.03M
Adjusted Diluted Earnings per Share	$0.30	($0.34)	$0.66	$0.50	($9.04)	$0.00	$0.00	$0.00	$0.75	$0.27	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	24.69M	24.80M	26.96M	28.04M	25.04M	0.00	0.00	0.00	28.28M	28.15M	28.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.95M	26.29M	28.14M	28.14M	26.21M	0.00	0.00	0.00	28.21M	28.20M	28.22M
Normalized Net Operating Profit after Tax (NOPAT)	9.11	-2.29	24	13	-171	25	24	13	22	4.90	-2.16
Normalized NOPAT Margin	6.87%	-2.11%	13.15%	7.05%	-823.18%	16.33%	13.15%	7.05%	11.37%	2.60%	-1.29%
Pre Tax Income Margin	13.78%	-4.87%	11.27%	8.16%	-1,188.75%	15.25%	11.27%	8.16%	11.92%	3.36%	-1.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About AeroVironment's Financials

When does AeroVironment's financial year end?

According to the most recent income statement we have on file, AeroVironment's fiscal year ends in April. Their fiscal year 2024 ended on April 30, 2024.

How has AeroVironment's net income changed over the last 9 years?

AeroVironment's net income appears to be on a downward trend, with a most recent value of $59.67 million in 2024, rising from $2.90 million in 2015. The previous period was -$176.17 million in 2023.

What is AeroVironment's operating income?

AeroVironment's total operating income in 2024 was $71.82 million, based on the following breakdown:

Total Gross Profit: $283.93 million
Total Operating Expenses: $212.11 million

How has AeroVironment revenue changed over the last 9 years?

Over the last 9 years, AeroVironment's total revenue changed from $259.40 million in 2015 to $716.72 million in 2024, a change of 176.3%.

How much debt does AeroVironment have?

AeroVironment's total liabilities were at $193.12 million at the end of 2024, a 29.4% decrease from 2023, and a 297.7% increase since 2015.

How much cash does AeroVironment have?

In the past 9 years, AeroVironment's cash and equivalents has ranged from $73.30 million in 2024 to $255.14 million in 2020, and is currently $73.30 million as of their latest financial filing in 2024.

How has AeroVironment's book value per share changed over the last 9 years?

Over the last 9 years, AeroVironment's book value per share changed from 14.95 in 2015 to 29.24 in 2024, a change of 95.5%.

Remove Ads

Related Companies

This page (NASDAQ:AVAV) was last updated on 4/15/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

AeroVironment (AVAV) Financials

Frequently Asked Questions About AeroVironment's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

AeroVironment (AVAV) Financials

Annual Income Statements for AeroVironment

Quarterly Income Statements for AeroVironment

Annual Cash Flow Statements for AeroVironment

Quarterly Cash Flow Statements for AeroVironment

Annual Balance Sheets for AeroVironment

Quarterly Balance Sheets for AeroVironment

Annual Metrics and Ratios for AeroVironment

Quarterly Metrics and Ratios for AeroVironment

Frequently Asked Questions About AeroVironment's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools