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AeroVironment AVAV Gross margin

Gross margin at other companies

L3Harris Technologies logo
L3Harris TechnologiesLHX
25.5%-0.6pp
Lockheed Martin logo
Lockheed MartinLMT
9.8%-0.3pp
Booz Allen Hamilton logo
Booz Allen HamiltonBAH
52.7%-2.1pp
Leonardo DRS, Inc. logo
Leonardo DRS, Inc.DRS
24.4%+1.5pp
Crane Co. logo
Crane Co.CR
41.6%+0.3pp
Kratos Defense & Security Solutions logo
Kratos Defense & Security SolutionsKTOS
22.9%-2.1pp

Other financials

Income statement

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Revenue$408.0M+143%
Gross profit$98.8M+56.3%
Operating income-$179.0M-5,700%
Net income-$156.6M-8,825%
EPS (diluted)-$3.15-5,150%

Balance sheet

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Cash & equivalents$289.9M+517%
Total debt$826.0M+1,296%
Total equity$574.5M-4.2%
Total assets$5.5B+420%

Cash flow

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Operating cash flow-$5.1M+80.2%
CapEx$12.6M+228%
Free cash flow-$17.7M+40.2%

Valuation

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Market cap$8.58B+174%
Enterprise value$9.12B+183%
P/S5.3×+1.1×

Profitability

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Operating margin-16.4%-20.9pp
Net margin-13.9%-18.4pp
FCF margin-14.2%-29.6pp

Returns & leverage

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Return on equity-24.8%
Debt / equity0.3×-0.1×
Current ratio5.5×+1.3×

Where this comes from

Calculated from AeroVironment’s reported figures.

Based on trailing twelve months.

The official record: AeroVironment’s 10-Q, filed March 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AeroVironment's gross margin?
AeroVironment (AVAV) reported gross margin of 24.7% in Q4 2025.
How has AeroVironment's gross margin changed year-over-year?
AeroVironment's gross margin decreased by 37.5% year-over-year, from 39.6% to 24.7%.
What is the long-term trend for AeroVironment's gross margin?
Over 4 years (2021 to 2025), AeroVironment's gross margin has grown at a -1.7% compound annual growth rate (CAGR), from 41.7% to 38.8%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.