What is AeroVironment's foreign operations?

AeroVironment (AVAV) reported foreign operations of -6.6% in Q1 2025.

What does foreign operations mean?

This metric quantifies the impact of foreign operations on the company's overall effective tax rate, reflecting the difference between domestic and international tax jurisdictions. It highlights the tax benefit or burden resulting from conducting business in countries with tax rates that differ from the U.S. statutory rate. This is critical for assessing the tax efficiency of a company's global footprint.

AeroVironment AVAV Foreign operations

Foreign operations at other companies

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5%+2.9pp

Charles River LaboratoriesCRL

11.1%+9.6pp

Regal RexnordRRX

1.4%—

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2.8%+0.5pp

PlexusPLXS

-20.7%-4.9pp

Allison Transmission HoldingsALSN

1%—

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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Gross margin24.7%-14.8pp

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

Reported directly by AeroVironment in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential.

The official record: AeroVironment’s 10-K, filed June 25, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is AeroVironment's foreign operations?: AeroVironment (AVAV) reported foreign operations of -6.6% in Q1 2025.
What does foreign operations mean?: This metric quantifies the impact of foreign operations on the company's overall effective tax rate, reflecting the difference between domestic and international tax jurisdictions. It highlights the tax benefit or burden resulting from conducting business in countries with tax rates that differ from the U.S. statutory rate. This is critical for assessing the tax efficiency of a company's global footprint.