AeroVironment Inc (AVAV) stock analysis
Close on Nov 12, 2026Market cap $6.14BP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak5 of 30 checks passed
AeroVironment passes 5 of the 30 checks behind our score; 21 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 3/6
- Past performance
- 0/6
- Financial health
- 2/6
- Dividend
- 0/6
What stands out
Revenue growing 10%+ a year
Revenue grew 54.1% a year over the last three fiscal years.
Low bankruptcy risk
The Altman Z-score is 3.35; above 3 is the safe zone and below 1.8 the distress zone.
Guidance raised
AeroVironment raised its fiscal year 2027 net income outlook on Sep 9, 2026.
Growing faster than the industry
Revenue grew 84.4% over the last twelve months; the Aircraft and Parts median is 16.9%.
What to watch
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals 8.1% of total debt; we look for at least 20%.
P/S above the industry
AeroVironment's price-to-sales of 3.16 is above the Aircraft and Parts median of 2.32 (book value is negative, so we use sales).
Gross margin slipping
Gross margin was 26.5% over the last twelve months, against 30.6% a year earlier.
No dividend
AeroVironment has not paid a dividend in the last twelve months.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/S above the industry
AeroVironment's price-to-sales of 3.16 is above the Aircraft and Parts median of 2.32 (book value is negative, so we use sales).
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth3/6
Revenue growing 10%+ a year
Revenue grew 54.1% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 84.4% over the last twelve months; the Aircraft and Parts median is 16.9%.
Guidance raised
AeroVironment raised its fiscal year 2027 net income outlook on Sep 9, 2026.
Gross margin slipping
Gross margin was 26.5% over the last twelve months, against 30.6% a year earlier.
Past performance0/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.
Financial health2/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals 8.1% of total debt; we look for at least 20%.
Interest coverage
Interest expense is not reported separately.
Short-term assets cover short-term debts
Current assets are 4.26 times current liabilities.
Low bankruptcy risk
The Altman Z-score is 3.35; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
AeroVironment has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for AeroVironment. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Aircraft and Parts median 27.6
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $182.36M
- Value traded per 1% price move
- $74.45M
Downside
High risk
- Typical loss in a bad month
- 31.4%
- Volatility (annualized)
- 77%
- Sharpe ratio, 1 year
- -0.87
- Beta to the S&P 500 (5Y)
- 1.54
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
Operating margin
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +140.9% | +54.1% | +38.0% | +23.8% | |
| Gross profit | +57.1% | +42.4% | +24.9% | +16.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Current ratio | 7.37 | 4.18 | 4.30 | |
| Debt to equity | – | 0.32 | – | |
| Net debt to EBITDA | – | 0.65× | -7.65× | |
| Inventory turnover | 3.5× | 3.9× | 6.5× | |
| Capex to revenue | 3.9% | 2.9% | 3.2% | |
| Diluted shares | 23M | 24M | 49M |
Where the cash went
Fiscal 2022 to 2026, five years combined
AeroVironment generated $116.03M from operations and spent $142.23M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero-$78.40M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income-$78.40M vs –
- Less leverageLong-term debt to assets fell2.7% → 12.8%
- Better liquidityCurrent ratio rose3.52 → 4.30
- No dilutionShare count did not rise28M → 49M
- Gross margin improvedGross margin up on the prior year38.83% → 25.33%
- More efficientAsset turnover rose0.81 → 1.76
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