What is Aerovironment's earnings per share (EPS)?

Aerovironment (AVAV) reported diluted earnings per share of $1.55 for fiscal year 2025. This represents a -28.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Aerovironment Financials

AVAV

Source SEC Filings (10-K/10-Q) Updated Mar 10, 2026 Currency USD FYE April

This page shows Aerovironment (AVAV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 53/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Aerovironment has an operating margin of 5.0%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is down from 10.0% the prior year.

Growth

Aerovironment's revenue grew 14.5% year-over-year to $820.6M, a solid pace of expansion. This earns a growth score of 57/100.

Leverage

Aerovironment carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 5.96, Aerovironment holds $5.96 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Aerovironment generated -$1.3M in operating cash flow, capex of $22.8M consumed most of it, leaving -$24.1M in free cash flow. This results in a low score of 18/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Aerovironment generates a 1.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 13/100. This is down from 7.1% the prior year.

Altman Z-Score Safe

5.00

Aerovironment scores 5.00, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($9.0B) relative to total liabilities ($1.2B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Weak

2/9

Aerovironment passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

-0.03x

For every $1 of reported earnings, Aerovironment generates $-0.03 in operating cash flow (-$1.3M OCF vs $43.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$820.6M

YoY+14.5%

5Y CAGR+17.4%

10Y CAGR+12.2%

Aerovironment generated $820.6M in revenue in fiscal year 2025. This represents an increase of 14.5% from the prior year.

EBITDA

$81.8M

YoY-24.0%

5Y CAGR+7.5%

10Y CAGR+22.9%

Aerovironment's EBITDA was $81.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 24.0% from the prior year.

Net Income

$43.6M

YoY-26.9%

5Y CAGR+1.2%

10Y CAGR+12.8%

Aerovironment reported $43.6M in net income in fiscal year 2025. This represents a decrease of 26.9% from the prior year.

EPS (Diluted)

$1.55

YoY-28.9%

5Y CAGR-1.9%

10Y CAGR+28.1%

Aerovironment earned $1.55 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 28.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$24.1M

YoY-213.8%

Aerovironment generated -$24.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 213.8% from the prior year.

Cash & Debt

$685.8M

YoY+745.0%

5Y CAGR+22.7%

10Y CAGR+16.7%

Aerovironment held $685.8M in cash against $725.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

46M

YoY+62.4%

5Y CAGR+13.7%

10Y CAGR+6.9%

Aerovironment had 46M shares outstanding in fiscal year 2025. This represents an increase of 62.4% from the prior year.

Margins & Returns

Gross Margin

38.8%

YoY-0.8pp

5Y CAGR-2.9pp

10Y CAGR-1.4pp

Aerovironment's gross margin was 38.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the prior year.

Operating Margin

5.0%

YoY-5.0pp

5Y CAGR-7.9pp

10Y CAGR+4.2pp

Aerovironment's operating margin was 5.0% in fiscal year 2025, reflecting core business profitability. This is down 5.0 percentage points from the prior year.

Net Margin

5.3%

YoY-3.0pp

5Y CAGR-5.9pp

10Y CAGR+0.3pp

Aerovironment's net profit margin was 5.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.0 percentage points from the prior year.

Return on Equity

1.0%

YoY-6.1pp

5Y CAGR-6.9pp

10Y CAGR-2.8pp

Aerovironment's ROE was 1.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.1 percentage points from the prior year.

Capital Allocation

R&D Spending

$100.7M

YoY+3.1%

5Y CAGR+16.7%

10Y CAGR+8.0%

Aerovironment invested $100.7M in research and development in fiscal year 2025. This represents an increase of 3.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$22.8M

YoY-0.7%

5Y CAGR+15.3%

10Y CAGR+15.8%

Aerovironment invested $22.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 0.7% from the prior year.

AVAV Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$820.6M+14.5%	$716.7M+32.6%	$540.5M+21.3%	$445.7M+12.9%	$394.9M+7.5%	$367.3M
Cost of Revenue	$502.0M+16.0%	$432.8M+17.9%	$367.0M+20.5%	$304.5M+32.2%	$230.4M+7.5%	$214.2M
Gross Profit	$318.6M+12.2%	$283.9M+63.6%	$173.5M+22.9%	$141.2M-14.2%	$164.6M+7.5%	$153.1M
R&D Expenses	$100.7M+3.1%	$97.7M+52.0%	$64.3M+17.5%	$54.7M+1.7%	$53.8M+15.7%	$46.5M
SG&A Expenses	$158.8M+38.7%	$114.4M-13.3%	$131.9M+36.8%	$96.4M+42.9%	$67.5M+13.4%	$59.5M
Operating Income	$40.8M-43.2%	$71.8M+140.2%	-$178.7M-1707.0%	-$9.9M-122.8%	$43.3M-8.1%	$47.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$882K-53.4%	$1.9M+112.9%	-$14.7M-41.4%	-$10.4M-2023.7%	$539K-90.8%	$5.8M
Net Income	$43.6M-26.9%	$59.7M+133.9%	-$176.2M-4109.5%	-$4.2M-117.9%	$23.3M-43.2%	$41.1M
EPS (Diluted)	$1.55-28.9%	$2.18+131.0%	$-7.04-4041.2%	$-0.17-117.7%	$0.96-43.9%	$1.71

Metric	Q4'26	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$277.8M-41.2%	$472.5M+3.9%	$454.7M+65.3%	$275.1M+64.1%	$167.6M-11.0%	$188.5M-0.5%	$189.5M-3.8%	$197.0M
Cost of Revenue	$200.0M-45.7%	$368.4M+2.5%	$359.6M+105.8%	$174.7M+67.3%	$104.4M-9.0%	$114.8M+6.3%	$108.0M-11.0%	$121.3M
Gross Profit	$77.8M-25.2%	$104.1M+9.4%	$95.1M-5.2%	$100.3M+58.8%	$63.2M-14.2%	$73.6M-9.6%	$81.5M+7.7%	$75.6M
R&D Expenses	$27.1M-24.7%	$36.0M+8.7%	$33.1M+33.0%	$24.9M+10.7%	$22.5M-21.7%	$28.7M+16.7%	$24.6M-29.8%	$35.1M
SG&A Expenses	$99.4M+1.1%	$98.3M-25.1%	$131.3M+203.5%	$43.3M-1.2%	$43.8M+15.5%	$37.9M+12.2%	$33.8M-2.4%	$34.6M
Operating Income	-$179.0M-492.4%	-$30.2M+56.4%	-$69.3M-601.4%	$13.8M+547.6%	-$3.1M-144.1%	$7.0M-69.6%	$23.1M+287.9%	$5.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$19.5M-745.4%	-$2.3M+84.8%	-$15.2M-6902.2%	$223K+136.9%	-$605K-173.8%	-$221K-114.9%	$1.5M+181.6%	-$1.8M
Net Income	-$156.6M-815.3%	-$17.1M+74.6%	-$67.4M-504.3%	$16.7M+1050.1%	-$1.8M-123.3%	$7.5M-64.4%	$21.2M+250.1%	$6.0M
EPS (Diluted)	$-3.15-826.5%	$-0.34+76.4%	$-1.44	N/A	$-0.06-122.2%	$0.27-64.0%	$0.75	N/A

AVAV Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.6B+462.9%	$999.2M+21.0%	$826.1M-7.9%	$896.7M-1.3%	$908.6M+57.2%	$577.8M
Current Assets	$1.6B+227.6%	$500.3M+3.9%	$481.7M+34.8%	$357.3M+3.6%	$344.9M-29.1%	$486.8M
Cash & Equivalents	$685.8M+745.0%	$81.2M-23.3%	$105.9M+13.6%	$93.2M-0.8%	$93.9M-61.9%	$246.8M
Inventory	$232.9M+61.9%	$143.8M-18.0%	$175.4M+77.9%	$98.6M+16.2%	$84.9M+86.4%	$45.5M
Accounts Receivable	$198.3M+458.8%	$35.5M-55.2%	$79.2M+52.2%	$52.1M+13.8%	$45.8M+5.6%	$43.4M
Goodwill	$2.5B+820.4%	$275.9M+52.6%	$180.8M-45.8%	$333.8M-0.4%	$335.0M+5184.4%	$6.3M
Total Liabilities	$1.2B+679.1%	$153.6M-38.9%	$251.5M-15.2%	$296.7M-4.4%	$310.3M+436.0%	$57.9M
Current Liabilities	$274.9M+134.3%	$117.4M+9.5%	$107.2M+11.8%	$95.9M+16.0%	$82.7M+78.4%	$46.3M
Long-Term Debt	$725.7M+10591.0%	$6.8M-94.3%	$118.5M-32.5%	$175.5M-5.2%	$185.1M	N/A
Total Equity	$4.4B+423.6%	$845.5M+47.2%	$574.5M-4.2%	$599.9M+0.3%	$598.2M+15.1%	$519.9M
Retained Earnings	$206.9M-17.8%	$251.9M+30.6%	$192.9M-43.1%	$338.8M+0.4%	$337.4M-0.2%	$338.2M

Metric	Q4'26	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$5.5B-3.3%	$5.6B+0.3%	$5.6B+401.9%	$1.1B+6.9%	$1.0B+2.9%	$1.0B+2.0%	$999.2M-1.6%	$1.0B
Current Assets	$1.7B+2.3%	$1.7B+1.7%	$1.6B+170.3%	$606.5M+11.5%	$543.9M+5.6%	$514.8M+2.9%	$500.3M-3.0%	$515.6M
Cash & Equivalents	$289.9M-19.4%	$359.4M-47.6%	$685.8M+1578.3%	$40.9M-13.1%	$47.0M-31.8%	$69.0M-15.0%	$81.2M+10.7%	$73.3M
Inventory	$299.3M+15.5%	$259.2M+11.3%	$232.9M+61.6%	$144.1M-2.6%	$148.0M+5.9%	$139.7M-2.9%	$143.8M-4.2%	$150.2M
Accounts Receivable	$201.0M-13.5%	$232.3M+17.2%	$198.3M+94.5%	$102.0M+25.5%	$81.2M+9.9%	$73.9M+108.3%	$35.5M-49.5%	$70.3M
Goodwill	$2.5B-6.2%	$2.6B+3.3%	$2.5B+889.0%	$256.8M-6.7%	$275.3M-0.2%	$275.8M0.0%	$275.9M+0.1%	$275.7M
Total Liabilities	$1.2B-3.2%	$1.2B+2.0%	$1.2B+411.4%	$234.1M+25.1%	$187.1M+16.4%	$160.7M+4.6%	$153.6M-20.4%	$193.1M
Current Liabilities	$309.3M-5.7%	$328.0M+19.3%	$274.9M+59.7%	$172.2M+33.6%	$128.9M+15.5%	$111.6M-4.9%	$117.4M-19.0%	$144.9M
Long-Term Debt	$727.9M+0.1%	$726.8M+0.2%	$725.7M+2319.0%	$30.0M+20.0%	$25.0M+66.7%	$15.0M+121.0%	$6.8M-60.3%	$17.1M
Total Equity	$4.3B-3.3%	$4.4B-0.2%	$4.4B+399.4%	$886.5M+3.0%	$861.1M+0.3%	$858.4M+1.5%	$845.5M+2.8%	$822.7M
Retained Earnings	$33.3M-82.5%	$189.8M-8.3%	$206.9M-24.6%	$274.3M+6.5%	$257.6M-0.7%	$259.4M+3.0%	$251.9M+9.2%	$230.7M

AVAV Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$1.3M-108.6%	$15.3M+34.1%	$11.4M+218.5%	-$9.6M-111.1%	$86.5M+244.8%	$25.1M
Capital Expenditures	$22.8M-0.7%	$23.0M+54.6%	$14.9M-33.3%	$22.3M+97.9%	$11.3M+0.4%	$11.2M
Free Cash Flow	-$24.1M-213.8%	-$7.7M-121.8%	-$3.5M+89.1%	-$31.9M-142.4%	$75.3M+442.4%	$13.9M
Investing Cash Flow	-$28.5M+44.9%	-$51.7M-638.5%	-$7.0M+86.6%	-$52.3M+86.2%	-$378.8M-740.2%	$59.2M
Financing Cash Flow	-$2.9M+87.5%	-$22.9M-145.0%	$50.8M+406.1%	-$16.6M-108.6%	$194.2M+10709.8%	-$1.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	-$198.6M-340.6%	-$45.1M+63.6%	-$123.7M-46765.9%	-$264K+99.0%	-$25.8M-607.4%	-$3.6M-112.8%	$28.4M+342.9%	-$11.7M
Capital Expenditures	$35.7M+230.2%	$10.8M-52.4%	$22.7M+166.6%	$8.5M+121.7%	$3.8M-23.4%	$5.0M-7.6%	$5.4M-40.2%	$9.1M
Free Cash Flow	-$234.3M-319.2%	-$55.9M+61.8%	-$146.5M-1566.5%	-$8.8M+70.3%	-$29.6M-241.9%	-$8.7M-137.8%	$22.9M+210.4%	-$20.8M
Investing Cash Flow	-$1.2B-331.7%	-$281.1M+67.9%	-$876.6M-7273.6%	-$11.9M-139.2%	-$5.0M+0.9%	-$5.0M+24.1%	-$6.6M+35.7%	-$10.3M
Financing Cash Flow	$1.7B+1410846.6%	-$118K-100.0%	$1.6B+29644.1%	$5.5M-39.1%	$9.1M+358.3%	-$3.5M+74.8%	-$14.0M-14.1%	-$12.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AVAV Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	38.8%-0.8pp	39.6%+7.5pp	32.1%+0.4pp	31.7%-10.0pp	41.7%0.0pp	41.7%
Operating Margin	5.0%-5.0pp	10.0%+43.1pp	-33.1%-30.8pp	-2.2%-13.2pp	11.0%-1.9pp	12.8%
Net Margin	5.3%-3.0pp	8.3%+40.9pp	-32.6%-31.6pp	-0.9%-6.9pp	5.9%-5.3pp	11.2%
Return on Equity	1.0%-6.1pp	7.1%+37.7pp	-30.7%-30.0pp	-0.7%-4.6pp	3.9%-4.0pp	7.9%
Return on Assets	0.8%-5.2pp	6.0%+27.3pp	-21.3%-20.9pp	-0.5%-3.0pp	2.6%-4.5pp	7.1%
Current Ratio	5.96+1.7	4.26-0.2	4.49+0.8	3.73-0.4	4.17-6.3	10.51
Debt-to-Equity	0.16+0.2	0.01-0.2	0.21-0.1	0.29-0.0	0.31+0.2	0.11
FCF Margin	-2.9%-1.9pp	-1.1%-0.4pp	-0.6%+6.5pp	-7.2%-26.2pp	19.1%+15.3pp	3.8%

Metric	Q4'26	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	28.0%+6.0pp	22.0%+1.1pp	20.9%-15.6pp	36.5%-1.2pp	37.7%-1.4pp	39.1%-3.9pp	43.0%+4.6pp	38.4%
Operating Margin	-64.5%-58.1pp	-6.4%+8.8pp	-15.2%-20.3pp	5.0%+6.9pp	-1.8%-5.6pp	3.7%-8.5pp	12.2%+9.2pp	3.0%
Net Margin	-56.4%-52.7pp	-3.6%+11.2pp	-14.8%-20.9pp	6.1%+7.1pp	-1.1%-5.1pp	4.0%-7.2pp	11.2%+8.1pp	3.1%
Return on Equity	-3.7%-3.3pp	-0.4%+1.1pp	-1.5%-3.4pp	1.9%+2.1pp	-0.2%-1.1pp	0.9%-1.6pp	2.5%+1.8pp	0.7%
Return on Assets	-2.9%-2.6pp	-0.3%+0.9pp	-1.2%-2.7pp	1.5%+1.7pp	-0.2%-0.9pp	0.7%-1.4pp	2.1%+1.5pp	0.6%
Current Ratio	5.51+0.4	5.08-0.9	5.96+2.4	3.52-0.7	4.22-0.4	4.61+0.3	4.26+0.7	3.56
Debt-to-Equity	0.170.0	0.160.0	0.16+0.1	0.030.0	0.03+0.0	0.020.0	0.01-0.0	0.02
FCF Margin	-84.3%-72.5pp	-11.8%+20.4pp	-32.2%-29.0pp	-3.2%+14.5pp	-17.7%-13.1pp	-4.6%-16.7pp	12.1%+22.6pp	-10.5%

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Frequently Asked Questions

What is Aerovironment's annual revenue?

Aerovironment (AVAV) reported $820.6M in total revenue for fiscal year 2025. This represents a 14.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Aerovironment's revenue growing?

Aerovironment (AVAV) revenue grew by 14.5% year-over-year, from $716.7M to $820.6M in fiscal year 2025.

Is Aerovironment profitable?

Yes, Aerovironment (AVAV) reported a net income of $43.6M in fiscal year 2025, with a net profit margin of 5.3%.

What is Aerovironment's EBITDA?

Aerovironment (AVAV) had EBITDA of $81.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Aerovironment have?

As of fiscal year 2025, Aerovironment (AVAV) had $685.8M in cash and equivalents against $725.7M in long-term debt.

What is Aerovironment's gross margin?

Aerovironment (AVAV) had a gross margin of 38.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Aerovironment's operating margin?

Aerovironment (AVAV) had an operating margin of 5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Aerovironment's net profit margin?

Aerovironment (AVAV) had a net profit margin of 5.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Aerovironment's return on equity (ROE)?

Aerovironment (AVAV) has a return on equity of 1.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Aerovironment's free cash flow?

Aerovironment (AVAV) generated -$24.1M in free cash flow during fiscal year 2025. This represents a -213.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Aerovironment's operating cash flow?

Aerovironment (AVAV) generated -$1.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Aerovironment's total assets?

Aerovironment (AVAV) had $5.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Aerovironment's capital expenditures?

Aerovironment (AVAV) invested $22.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Aerovironment spend on research and development?

Aerovironment (AVAV) invested $100.7M in research and development during fiscal year 2025.

How many shares does Aerovironment have outstanding?

Aerovironment (AVAV) had 46M shares outstanding as of fiscal year 2025.

What is Aerovironment's current ratio?

Aerovironment (AVAV) had a current ratio of 5.96 as of fiscal year 2025, which is generally considered healthy.

What is Aerovironment's debt-to-equity ratio?

Aerovironment (AVAV) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Aerovironment's return on assets (ROA)?

Aerovironment (AVAV) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Aerovironment's cash runway?

Based on fiscal year 2025 data, Aerovironment (AVAV) had $685.8M in cash against an annual operating cash burn of $1.3M. This gives an estimated cash runway of approximately 6244 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Aerovironment's Altman Z-Score?

Aerovironment (AVAV) has an Altman Z-Score of 5.00, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Aerovironment's Piotroski F-Score?

Aerovironment (AVAV) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Aerovironment's earnings high quality?

Aerovironment (AVAV) has an earnings quality ratio of -0.03x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Aerovironment?

Aerovironment (AVAV) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.