AeroVironment (AVAV)
Market Price (12/27/2025): $253.98 | Market Cap: $12.6 BilSector: Industrials | Industry: Aerospace & Defense
AeroVironment (AVAV)
Market Price (12/27/2025): $253.98Market Cap: $12.6 BilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 80% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -70 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.1% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, and Artificial Intelligence. Themes include Drone Technology, Advanced Air Mobility, Show more. | Expensive valuation multiplesP/SPrice/Sales ratio is 9.3x |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -19% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.7% | |
| Key risksAVAV key risks include [1] heavy dependence on government spending, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 80% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, and Artificial Intelligence. Themes include Drone Technology, Advanced Air Mobility, Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -70 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.1% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 9.3x |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -19% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.7% |
| Key risksAVAV key risks include [1] heavy dependence on government spending, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
AeroVironment (AVAV) experienced a 5.7% stock movement between August 31, 2025, and December 27, 2025, driven by several key developments:
<br><br><b>1. Major U.S. Army Contract Award:</b> AeroVironment was awarded a five-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract worth $874.26 million from the U.S. Army Contracting Command in December 2025. This significant contract award demonstrated global customer demand for their systems and provided long-term revenue visibility, acting as a strong catalyst for the stock.
<br><br><b>2. Regulatory Advantage in Drone Market:</b> The Federal Communications Commission (FCC), following mandates from the 2025 National Defense Authorization Act (NDAA), effectively banned the authorization of new drones from foreign competitors, particularly Chinese manufacturers, in December 2025. This regulatory action cleared the market for AeroVironment, solidifying its position as a market leader in loitering munitions.
<br><br><b>3. Strategic Acquisition and Expansion:</b> AeroVironment's aggressive focus on growth was evident through its strategic $4.1 billion acquisition of BlueHalo in May 2025. This acquisition expanded the company's capabilities beyond drones into Directed Energy (lasers) and space technologies, despite initial integration costs leading to a reported net loss.
<br><br><b>4. Strong Revenue Growth:</b> The company reported a substantial 151% year-over-year revenue increase, achieving a record $472.5 million in the most recent quarter. This robust financial performance contributed to investor confidence.
<br><br><b>5. Strategic Partnerships and Technology Upgrades:</b> AeroVironment secured a firm-fixed-price contract to supply BADGER phased array antenna systems to the U.S. Space Force and partnered with Taiwan's National Chung-Shan Institute on autonomous systems in October 2025. Enhancements to their Puma LE SUAS, including a Laser Target Designator, also reinforced their defense capabilities and showcased a commitment to innovation. These advancements and strategic partnerships boosted the company's stock value, reflecting strong belief in future prospects.
Show moreStock Movement Drivers
Fundamental Drivers
The -15.3% change in AVAV stock from 9/26/2025 to 12/26/2025 was primarily driven by a -28.8% change in the company's P/S Multiple.| 9262025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 301.20 | 255.00 | -15.34% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1085.82 | 1369.87 | 26.16% |
| P/S Multiple | 13.00 | 9.26 | -28.83% |
| Shares Outstanding (Mil) | 46.88 | 49.72 | -6.06% |
| Cumulative Contribution | -15.65% |
Market Drivers
9/26/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| AVAV | -15.3% | |
| Market (SPY) | 4.3% | 41.6% |
| Sector (XLI) | 3.0% | 37.6% |
Fundamental Drivers
The -8.3% change in AVAV stock from 6/27/2025 to 12/26/2025 was primarily driven by a -77.1% change in the company's Shares Outstanding (Mil).| 6272025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 278.07 | 255.00 | -8.30% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 820.63 | 1369.87 | 66.93% |
| P/S Multiple | 9.51 | 9.26 | -2.69% |
| Shares Outstanding (Mil) | 28.07 | 49.72 | -77.13% |
| Cumulative Contribution | -62.85% |
Market Drivers
6/27/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| AVAV | -8.3% | |
| Market (SPY) | 12.6% | 33.0% |
| Sector (XLI) | 7.5% | 31.6% |
Fundamental Drivers
The 57.9% change in AVAV stock from 12/26/2024 to 12/26/2025 was primarily driven by a 79.9% change in the company's Total Revenues ($ Mil).| 12262024 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 161.50 | 255.00 | 57.89% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 761.50 | 1369.87 | 79.89% |
| P/S Multiple | 5.94 | 9.26 | 55.81% |
| Shares Outstanding (Mil) | 28.01 | 49.72 | -77.52% |
| Cumulative Contribution | -36.99% |
Market Drivers
12/26/2024 to 12/26/2025| Return | Correlation | |
|---|---|---|
| AVAV | 57.9% | |
| Market (SPY) | 15.8% | 37.6% |
| Sector (XLI) | 18.3% | 37.1% |
Fundamental Drivers
The 208.5% change in AVAV stock from 12/27/2022 to 12/26/2025 was primarily driven by a 209.4% change in the company's Total Revenues ($ Mil).| 12272022 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 82.67 | 255.00 | 208.46% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 442.81 | 1369.87 | 209.35% |
| P/S Multiple | 4.65 | 9.26 | 99.10% |
| Shares Outstanding (Mil) | 24.90 | 49.72 | -99.68% |
| Cumulative Contribution | -98.06% |
Market Drivers
12/27/2023 to 12/26/2025| Return | Correlation | |
|---|---|---|
| AVAV | 98.9% | |
| Market (SPY) | 48.0% | 32.4% |
| Sector (XLI) | 41.3% | 34.0% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AVAV Return | 41% | -29% | 38% | 47% | 22% | 69% | 322% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| AVAV Win Rate | 58% | 42% | 58% | 67% | 50% | 50% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| AVAV Max Drawdown | -24% | -33% | -13% | -4% | -6% | -27% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See AVAV Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | AVAV | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -61.0% | -25.4% |
| % Gain to Breakeven | 156.5% | 34.1% |
| Time to Breakeven | 672 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -35.3% | -33.9% |
| % Gain to Breakeven | 54.5% | 51.3% |
| Time to Breakeven | 83 days | 148 days |
| 2018 Correction | ||
| % Loss | -58.7% | -19.8% |
| % Gain to Breakeven | 141.9% | 24.7% |
| Time to Breakeven | 506 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -51.9% | -56.8% |
| % Gain to Breakeven | 107.7% | 131.3% |
| Time to Breakeven | 1,832 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
AeroVironment's stock fell -61.0% during the 2022 Inflation Shock from a high on 2/9/2021. A -61.0% loss requires a 156.5% gain to breakeven.
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AI Analysis | Feedback
- The military's DJI for tactical drones and loitering munitions.
- A specialized Lockheed Martin, focused exclusively on advanced tactical unmanned aircraft systems for defense.
AI Analysis | Feedback
AeroVironment (AVAV) Major Products:
- Tactical Unmanned Aircraft Systems (UAS): These small, portable drones are used for military reconnaissance, surveillance, and target acquisition in various operational environments.
- Loitering Munition Systems: These unmanned aerial vehicles are designed to loiter over an area and provide precision strike capabilities against identified targets.
- Unmanned Ground Vehicles (UGVs): These robotic systems are used for hazardous duty operations, including explosive ordnance disposal (EOD), reconnaissance, and material handling.
- High-Altitude Pseudo-Satellite (HAPS) Solutions: AeroVironment develops advanced stratospheric aircraft technology aimed at providing persistent, high-altitude communication and observation platforms.
AI Analysis | Feedback
AeroVironment (AVAV) primarily sells its advanced unmanned aircraft systems (UAS), tactical missile systems, and related services to government entities, particularly defense organizations, rather than directly to individuals or a multitude of commercial companies. Therefore, its major customers fall into the following categories:
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U.S. Government: This is AeroVironment's largest customer, consistently accounting for a significant majority of its net revenues (e.g., typically over 60% in recent fiscal years). Sales to the U.S. Government include various agencies and branches of the U.S. Department of Defense (DoD), such as:
- U.S. Army
- U.S. Marine Corps
- U.S. Air Force
- U.S. Navy
- U.S. Special Operations Command (SOCOM)
The U.S. Government is not a public company, so there is no symbol.
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Allied Foreign Governments: AeroVironment also sells its products to various allied governments internationally. These international sales to foreign governments represent a substantial portion of their remaining revenue. These are sovereign entities, not public companies.
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Commercial Customers: While a smaller portion of their overall revenue compared to government sales, AeroVironment does have commercial customers. However, specific commercial company names are not typically disclosed as "major customers" in their public filings unless they individually represent a significant portion of revenue, which is not the case for any single commercial entity for AVAV.
AI Analysis | Feedback
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Wahid Nawabi Chairman, President & Chief Executive Officer
Wahid Nawabi has served as Chairman, President, and Chief Executive Officer of AeroVironment since 2016, becoming Chairman of the Board in September 2021. He joined the company in 2011 as Senior Vice President and General Manager of the Efficient Energy Systems (EES) business segment. Before joining AeroVironment, Nawabi spent 16 years at American Power Conversion Corporation (APC) in various leadership roles, including Vice President of the enterprise business segment. He was instrumental in growing APC from $50 million to over $2.4 billion in annual revenue, which culminated in its sale to Schneider Electric for $6.1 billion, marking the largest acquisition in Schneider Electric's history. He holds a bachelor's degree in Electrical Engineering from the University of Maryland at College Park.
Kevin McDonnell Senior Vice President & Chief Financial Officer
Kevin McDonnell was appointed Senior Vice President and Chief Financial Officer of AeroVironment in February 2020. With over 30 years of experience in financial, IT, and HR leadership, he previously served as CFO of JAMS, Inc., where he contributed to nearly doubling the company's revenue and EBITDA. McDonnell held senior financial positions at Teradata Corporation during a period of significant growth, and as CFO of Digital Insight, he was key in substantially increasing annual revenue, taking the company public, and overseeing three acquisitions. He is also noted as the founder of DoubleBeam, Inc., established in 2011. He earned a J.D. from Loyola Law School and a Bachelor of Arts degree in Business Administration from Loyola Marymount University.
Brad Truesdell Chief Operations Officer
Brad Truesdell has served as AeroVironment's Chief Operations Officer since May 2025, bringing over 25 years of military and defense industry experience to the role. Prior to joining AeroVironment, he founded Tomahawk Robotics in 2018, a company specializing in AI-enabled robotic control systems, which AeroVironment acquired in 2023. His career also includes various leadership positions at Harris Corporation.
Scott Bowman Chief Technology Officer & Senior Vice President of Global Engineering
Scott Bowman became AeroVironment's Chief Technology Officer & Senior Vice President of Global Engineering in 2025. He possesses over 18 years of experience in technical leadership and engineering management, with expertise spanning robotics, controls, RF systems, networking, and software development. Bowman joined AeroVironment in 2023 following the acquisition of Tomahawk Robotics, where he played a crucial role as Product Line Manager in unifying AeroVironment's Ground Control Station (GCS) vision.
AI Analysis | Feedback
Here are the key risks to AeroVironment's business:- Dependence on Government Spending and Regulatory/Political Risks: AeroVironment's financial health is heavily reliant on government spending, particularly from the U.S. Department of Defense and foreign military sales. Approximately 35% to 75% of its revenue comes from government procurement. This exposes the company to significant risks such as changes in government policies, fluctuations in defense budgets, delays in contract awards, and international relations. Export limitations, especially concerning advanced drone systems, could also constrain international demand.
- Profitability Concerns and Integration Challenges: Despite robust revenue growth, AeroVironment has reported net losses in recent periods. This is largely attributed to increased costs of sales, significant intangible amortization, and other deal-related expenses stemming from its strategic acquisition of BlueHalo. Operational inefficiencies, including challenges from the rollout of a new ERP system and disruptions from government shutdowns, have also impacted gross margins and overall profitability. The company has even lowered its full-year earnings guidance due to these integration and operational issues.
- Highly Competitive Landscape and Valuation Concerns: The defense technology industry in which AeroVironment operates is highly competitive, requiring continuous innovation to maintain market share against both established and emerging players. Additionally, several analyses indicate that AeroVironment's stock trades at high valuation multiples (e.g., P/E ratio of 172.04 compared to an industry average of 20.36), suggesting that much of its anticipated future growth is already factored into its current stock price. This elevated valuation leaves minimal room for execution errors.
AI Analysis | Feedback
1. Proliferation of Low-Cost, Commercially-Derived Unmanned Aircraft Systems (UAS) and Loitering Munitions: The rapid development and battlefield deployment of inexpensive, adaptable, and often commercially-derived UAS and loitering munitions by numerous global players and even non-state actors is a clear emerging threat. These systems challenge traditional defense contractors like AeroVironment by offering highly attritable, mass-producible alternatives to specialized tactical UAS and missile systems. This trend forces AeroVironment to compete on price, speed of innovation, and expendability, potentially eroding market share for their higher-cost, specialized solutions and increasing the demand for counter-UAS technologies.
2. Rapid Expansion and Enhanced Capabilities of Low Earth Orbit (LEO) Satellite Constellations: The accelerating deployment and increasing capabilities of large LEO satellite constellations (e.g., Starlink, Kuiper) for global, high-bandwidth, low-latency communication and intelligence, surveillance, and reconnaissance (ISR) present a direct emerging threat to AeroVironment's High-Altitude Pseudo-Satellite (HAPS) systems. While HAPS offers localized persistence, LEO constellations provide increasingly robust and widespread coverage, potentially offering a more scalable and cost-effective alternative for many applications previously targeted by HAPS, thereby limiting the market potential or unique value proposition of AeroVironment's HAPS offerings.
AI Analysis | Feedback
AeroVironment, Inc. (AVAV) operates in several key markets, primarily focusing on unmanned systems and related technologies. The addressable markets for its main products and services are significant and include:
- Total Addressable Market (TAM): According to management estimates, AeroVironment's total addressable market is expected to exceed $75 billion by fiscal year 2030. This global market includes approximately $23 billion in space technology, $17 billion in defensive systems, $15 billion in uncrewed systems, and $10 billion in offensive systems. These figures reflect budgets already being funded across NATO and allied nations.
- Loitering Munitions: The global loitering munition market was estimated at USD 4.30 billion in 2024 and is projected to reach USD 6.26 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.4% from 2025 to 2030. North America held the largest share of this market in 2024, with Asia Pacific showing rapid growth. Other estimates place the global market at approximately USD 635.88 million in 2025, forecasted to reach USD 1,066.43 million by 2030 with a CAGR of 10.89%.
- High Altitude Pseudo-Satellites (HAPS): The global High Altitude Pseudo-Satellite (HAPS) market was valued at approximately USD 0.936 billion in 2024 and is projected to grow to USD 8.076 billion by 2035, exhibiting a CAGR of 21.64% from 2025 to 2035. Another estimate places the market at USD 85.30 million in 2025, expanding to USD 210.33 million by 2030 at a 19.78% CAGR. North America accounted for 33.97% of the HAPS market revenue in 2024, with Asia-Pacific projected for the fastest growth.
- Tactical Unmanned Aerial Vehicles (UAVs) / Small Unmanned Aircraft Systems (SUAS): The global tactical UAV market was valued at USD 4.26 billion in 2024 and is estimated to reach USD 10.93 billion by 2033, with a CAGR of 10.47% during 2025-2033. Another source forecasts the market at USD 6.19 billion in 2025, advancing to USD 11.40 billion by 2030 with a 12.97% CAGR. North America dominates this market, holding over 45.0% market share in 2024, with the United States alone accounting for around 92.40% of the North American market in 2024.
- Unmanned Ground Vehicles (UGVs): The global unmanned ground vehicles market was valued at USD 2,979.7 million in 2023 and is expected to reach USD 4,472.1 million by 2030, growing at a CAGR of 6.1% during the forecast period (2024–2030). Another assessment values the market at USD 3.94 billion in 2025, predicted to increase to approximately USD 8.80 billion by 2034 at a CAGR of 9.5% from 2025 to 2034. North America held the highest revenue share, over 41%, in 2024, with the U.S. market estimated at USD 1.13 billion in 2025, projected to be around USD 2.58 billion by 2034.
AI Analysis | Feedback
AeroVironment (AVAV) is expected to drive future revenue growth over the next 2-3 years through several key factors:
- Strong Demand for Loitering Munition Systems (LMS): The company anticipates continued robust demand for its Loitering Munition Systems, especially the Switchblade 300 and 600. The Loitering Munition Systems segment was a primary growth driver in the first quarter of fiscal year 2025, with revenue increasing by 68% from the same quarter last fiscal year. Recent contract wins, such as the U.S. Army's $1 billion IDIQ contract, and the selection of Switchblade 600 for Tranche 1 of the U.S. DOD's Replicator initiative, further underscore this growth. AeroVironment has also expanded its production capacity to meet this increasing customer demand.
- Strategic Acquisition and Integration of BlueHalo: The acquisition of BlueHalo is a significant driver of future revenue. This acquisition closed in May 2025 and is expected to substantially enhance AeroVironment's capabilities in high-priority defense areas, including space, cyber, and directed energy. The integration of BlueHalo contributed significantly to revenue in Q1 2026, adding $235.2 million and boosting overall revenue by 140% year-over-year. This strategic move positions AeroVironment as a next-generation defense tech prime with an all-domain portfolio.
- Growing Backlog and Bookings: AeroVironment has demonstrated a healthy and increasing funded backlog and strong bookings, providing excellent visibility into future revenue. The company reported a record backlog of $1.1 billion in Q1 2026, up from $726.6 million, and secured $1.2 billion in total bookings in fiscal year 2025. This substantial backlog indicates sustained customer demand for its innovative and battle-proven solutions.
- Expansion of Addressable Market and Diversified Portfolio: AeroVironment is actively expanding its addressable market, with plans to reach at least $75 billion by fiscal year 2030. The company's diversified portfolio across air, land, sea, space, and cyber, combined with its ability to scale manufacturing, positions it well to capture growing demand in the defense technology sector. This multi-pronged business model, encompassing various advanced technologies, is expected to fuel continued growth.
AI Analysis | Feedback
Share Repurchases
- AeroVironment has not reported significant dollar amounts of share repurchases over the last 3-5 years.
Share Issuance
- In July 2025, AeroVironment completed a public offering of 3,528,226 shares of its common stock at $248.00 per share, generating approximately $875.0 million in gross proceeds.
- Concurrently in July 2025, the company completed a public offering of $747.5 million aggregate principal amount of 0% convertible senior notes due 2030.
- The net proceeds from these offerings, totaling approximately $1.47 billion, are expected to be used for debt repayment and general corporate purposes, including increasing manufacturing capacity.
Outbound Investments
- In February 2021, AeroVironment acquired Progeny Systems Corporation's Intelligent Systems Group (ISG) for $30 million in cash, with a potential earnout of up to $6 million over three years.
- AeroVironment completed the acquisition of BlueHalo for approximately $4.1 billion in an all-stock transaction in May 2025, significantly expanding its capabilities in space, cyber, and directed energy.
Capital Expenditures
- Capital expenditures for fiscal year 2026 are projected to be $60-$70 million, primarily to complete the Utah build-out.
- The company's capital expenditure budget is typically around 5% of annual revenue.
- Increased CapEx guidance for FY2026 reflects accelerated investment plans in key growth areas such as space communications, directed energy, counter-UAS, and unmanned systems to scale production capacity.
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to AVAV. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.7% | 18.7% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.7% | 4.7% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.9% | 6.9% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.6% | 2.6% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 6.0% | 6.0% | -0.4% |
| 02282021 | AVAV | AeroVironment | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -6.0% | -35.5% | -51.1% |
Research & Analysis
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Peer Comparisons for AeroVironment
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 166.58 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 14.6% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 158.8 |
| P/S | 4.9 |
| P/EBIT | 21.2 |
| P/E | 33.0 |
| P/CFO | 16.2 |
| Total Yield | 3.9% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.4% |
| 3M Rtn | 4.9% |
| 6M Rtn | 10.9% |
| 12M Rtn | 23.9% |
| 3Y Rtn | 96.5% |
| 1M Excs Rtn | -3.0% |
| 3M Excs Rtn | 0.6% |
| 6M Excs Rtn | -1.3% |
| 12M Excs Rtn | 9.6% |
| 3Y Excs Rtn | 13.6% |
Comparison Analyses
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| UnCrewed Systems (UxS) | 591 | |||
| Corporate | 209 | 207 | 229 | 302 |
| Loitering Munitions Systems (LMS) | 165 | 103 | 92 | 72 |
| MacCready Works (MW) | 51 | 40 | ||
| Unmanned systems (UMS) | 474 | |||
| All other | 87 | 40 | ||
| High Altitude Pseudo-Satellite Unmanned Aircraft Systems (HAPS) | 8 | |||
| Medium Unmanned Aircraft Systems (MUAS) | 388 | 402 | ||
| Small Unmanned Aircraft Systems (SUAS) | 110 | 113 | ||
| Total | 1,016 | 825 | 914 | 929 |
Price Behavior
| Market Price | $255.00 | |
| Market Cap ($ Bil) | 12.0 | |
| First Trading Date | 01/23/2007 | |
| Distance from 52W High | -37.8% | |
| 50 Days | 200 Days | |
| DMA Price | $302.46 | $239.71 |
| DMA Trend | up | down |
| Distance from DMA | -15.7% | 6.4% |
| 3M | 1YR | |
| Volatility | 60.6% | 58.2% |
| Downside Capture | 310.75 | 120.04 |
| Upside Capture | 169.84 | 148.34 |
| Correlation (SPY) | 41.3% | 37.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.91 | 1.94 | 1.66 | 1.53 | 1.13 | 1.05 |
| Up Beta | 1.62 | 1.27 | 0.38 | 0.16 | 1.11 | 1.07 |
| Down Beta | 2.86 | 1.96 | 2.71 | 1.68 | 0.80 | 0.77 |
| Up Capture | -43% | 151% | 187% | 276% | 199% | 224% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 6 | 19 | 32 | 64 | 121 | 379 |
| Down Capture | 301% | 235% | 134% | 149% | 116% | 103% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 13 | 22 | 30 | 60 | 126 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of AVAV With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| AVAV | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 55.5% | 19.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.3% |
| Annualized Volatility | 57.9% | 18.8% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.97 | 0.80 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 37.0% | 37.3% | 10.5% | 19.6% | 8.0% | 30.1% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of AVAV With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| AVAV | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 24.4% | 13.8% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 53.8% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | 0.61 | 0.65 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 34.5% | 34.0% | 11.4% | 14.9% | 23.7% | 21.2% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of AVAV With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| AVAV | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 24.1% | 13.5% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 49.2% | 19.9% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.63 | 0.60 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 39.5% | 38.4% | 6.8% | 18.5% | 27.6% | 17.1% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/9/2025 | -12.9% | -16.6% | |
| 9/9/2025 | 7.0% | 15.1% | 76.4% |
| 6/24/2025 | 21.6% | 30.6% | 41.2% |
| 3/4/2025 | -4.4% | -12.6% | -10.6% |
| 12/4/2024 | -15.9% | -21.6% | -16.8% |
| 9/4/2024 | -5.3% | -5.2% | 3.6% |
| 6/26/2024 | -7.7% | -11.7% | -9.8% |
| 3/4/2024 | 27.9% | 22.4% | 12.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 14 | 16 |
| # Negative | 13 | 10 | 8 |
| Median Positive | 7.0% | 9.0% | 8.0% |
| Median Negative | -6.6% | -11.5% | -10.7% |
| Max Positive | 27.9% | 30.6% | 76.4% |
| Max Negative | -15.9% | -21.6% | -17.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 10312025 | 12102025 | 10-Q 11/1/2025 |
| 7312025 | 9102025 | 10-Q 8/2/2025 |
| 4302025 | 6252025 | 10-K 4/30/2025 |
| 1312025 | 3052025 | 10-Q 1/25/2025 |
| 10312024 | 12052024 | 10-Q 10/26/2024 |
| 7312024 | 9052024 | 10-Q 7/27/2024 |
| 4302024 | 6272024 | 10-K 4/30/2024 |
| 1312024 | 3052024 | 10-Q 1/27/2024 |
| 10312023 | 12062023 | 10-Q 10/28/2023 |
| 7312023 | 9062023 | 10-Q 7/29/2023 |
| 4302023 | 6282023 | 10-K 4/30/2023 |
| 1312023 | 3062023 | 10-Q 1/28/2023 |
| 10312022 | 12072022 | 10-Q 10/29/2022 |
| 7312022 | 9082022 | 10-Q 7/30/2022 |
| 4302022 | 6292022 | 10-K 4/30/2022 |
| 1312022 | 3042022 | 10-Q 1/29/2022 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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