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AIRO vs AeroVironment: revenue, profit, margins and growth compared

AIRO brought in $90.9M of revenue in fiscal 2025, AeroVironment $2B in fiscal 2026. Revenue changed by +4.6% at AIRO and +140.9% at AeroVironment on the year before, so AeroVironment grew faster. AIRO kept -4.5% of its revenue as net profit, AeroVironment -13.4%. Free cash flow was -$35.5M at AIRO and -$140.9M at AeroVironment.

Side by side, latest fiscal year

AIROAVAV
Fiscal year endedFY2025 (December 31, 2025)FY2026 (April 30, 2026)
Revenue$90.9M$2B
Revenue growth+4.6%+140.9%
Net income-$4.1M-$265.1M
Net margin-4.5%-13.4%
Free cash flow-$35.5M-$140.9M
Free cash flow margin-39.1%-7.1%
Earnings per share (diluted)-$0.17-$5.40
Cash$74.6M$377.3M
Debt$1.7M$747.5M
Price to earningsn/an/a
Market value$228.5M$7.7B
Dividend yieldn/an/a
Rank by revenue in sector#383 of 451 · Industrials#219 of 451 · Industrials

Over the years

Revenue
AIRO FY2025: $86.9MAIRO FY2025: $90.9MAVAV FY2019: $314.3MAVAV FY2019: $367.3MAVAV FY2020: $394.9MAVAV FY2022: $445.7MAVAV FY2023: $540.5MAVAV FY2024: $716.7MAVAV FY2025: $820.6MAVAV FY2026: $2BFY19FY20FY22FY23FY24FY25FY26
AIRO $90.9MAVAV $2B
Net income
AIRO FY2025: -$38.7MAIRO FY2025: -$4.1MAVAV FY2019: $47.4MAVAV FY2019: $41.1MAVAV FY2020: $23.3MAVAV FY2022: -$4.2MAVAV FY2023: -$176.2MAVAV FY2024: $59.7MAVAV FY2025: $43.6MAVAV FY2026: -$265.1MFY19FY20FY22FY23FY24FY25FY26
AIRO -$4.1MAVAV -$265.1M
Net margin
AIRO FY2025: -44.5%AIRO FY2025: -4.5%AVAV FY2019: 15.1%AVAV FY2019: 11.2%AVAV FY2020: 5.9%AVAV FY2022: -0.9%AVAV FY2023: -32.6%AVAV FY2024: 8.3%AVAV FY2025: 5.3%AVAV FY2026: -13.4%FY19FY20FY22FY23FY24FY25FY26
AIRO -4.5%AVAV -13.4%
Revenue growth
AIRO FY2025: +4.6%AVAV FY2019: +16.9%AVAV FY2020: +7.5%AVAV FY2022: +12.9%AVAV FY2023: +21.3%AVAV FY2024: +32.6%AVAV FY2025: +14.5%AVAV FY2026: +140.9%FY19FY20FY22FY23FY24FY25FY26
AIRO +4.6%AVAV +140.9%
Free cash flow
AIRO FY2025: $20.7MAIRO FY2025: -$35.5MAVAV FY2019: $18.1MAVAV FY2019: $13.9MAVAV FY2020: $75.3MAVAV FY2022: -$31.9MAVAV FY2023: -$3.5MAVAV FY2024: -$7.7MAVAV FY2025: -$20.9MAVAV FY2026: -$140.9MFY19FY20FY22FY23FY24FY25FY26
AIRO -$35.5MAVAV -$140.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about AIRO and AeroVironment

Which is bigger by revenue, AIRO or AeroVironment?

AeroVironment is bigger by revenue: $2B in fiscal 2026, against $90.9M for AIRO in fiscal 2025.

Which keeps more of its revenue as profit, AIRO or AeroVironment?

AIRO had a net margin of -4.5% in fiscal 2025; AeroVironment had -13.4% in fiscal 2026.

Which grew revenue faster, AIRO or AeroVironment?

In their latest fiscal years revenue changed by +4.6% at AIRO and +140.9% at AeroVironment.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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