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

AeroVironment brought in $2B of revenue in fiscal 2026, Boeing $89.5B in fiscal 2025. Revenue changed by +140.9% at AeroVironment and +34.5% at Boeing on the year before, so AeroVironment grew faster. AeroVironment kept -13.4% of its revenue as net profit, Boeing 2.5%. Free cash flow was -$140.9M at AeroVironment and -$1.9B at Boeing.

Side by side, latest fiscal year

AVAVBA
Fiscal year endedFY2026 (April 30, 2026)FY2025 (December 31, 2025)
Revenue$2B$89.5B
Revenue growth+140.9%+34.5%
Net income-$265.1M$2.2B
Net margin-13.4%2.5%
Free cash flow-$140.9M-$1.9B
Free cash flow margin-7.1%-2.1%
Earnings per share (diluted)-$5.40$2.48
Cash$377.3M$10.9B
Debt$747.5M$53.8B
Price to earningsn/a79.9
Market value$7.7B$156.5B
Dividend yieldn/an/a
Rank by revenue in sector#219 of 451 · Industrials#4 of 451 · Industrials

Over the years

Revenue
AVAV FY2019: $314.3MAVAV FY2019: $367.3MAVAV FY2020: $394.9MAVAV FY2022: $445.7MAVAV FY2023: $540.5MAVAV FY2024: $716.7MAVAV FY2025: $820.6MAVAV FY2026: $2BBA FY2018: $101.1BBA FY2019: $76.6BBA FY2020: $58.2BBA FY2021: $62.3BBA FY2022: $66.6BBA FY2023: $77.8BBA FY2024: $66.5BBA FY2025: $89.5BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AVAV $2BBA $89.5B
Net income
AVAV FY2019: $47.4MAVAV FY2019: $41.1MAVAV FY2020: $23.3MAVAV FY2022: -$4.2MAVAV FY2023: -$176.2MAVAV FY2024: $59.7MAVAV FY2025: $43.6MAVAV FY2026: -$265.1MBA FY2018: $10.5BBA FY2019: -$636MBA FY2020: -$11.9BBA FY2021: -$4.2BBA FY2022: -$4.9BBA FY2023: -$2.2BBA FY2024: -$11.8BBA FY2025: $2.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AVAV -$265.1MBA $2.2B
Net margin
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%BA FY2018: 10.3%BA FY2019: -0.8%BA FY2020: -20.4%BA FY2021: -6.7%BA FY2022: -7.4%BA FY2023: -2.9%BA FY2024: -17.8%BA FY2025: 2.5%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AVAV -13.4%BA 2.5%
Revenue growth
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%BA FY2019: -24.3%BA FY2020: -24.0%BA FY2021: +7.1%BA FY2022: +6.9%BA FY2023: +16.8%BA FY2024: -14.5%BA FY2025: +34.5%FY19FY20FY21FY22FY23FY24FY25FY26
AVAV +140.9%BA +34.5%
Free cash flow
AVAV FY2019: $18.1MAVAV FY2019: $13.9MAVAV FY2020: $75.3MAVAV FY2022: -$31.9MAVAV FY2023: -$3.5MAVAV FY2024: -$7.7MAVAV FY2025: -$20.9MAVAV FY2026: -$140.9MBA FY2018: $13.6BBA FY2019: -$4.3BBA FY2020: -$19.7BBA FY2021: -$4.4BBA FY2022: $2.3BBA FY2023: $4.4BBA FY2024: -$14.3BBA FY2025: -$1.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AVAV -$140.9MBA -$1.9B

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

Questions about AeroVironment and Boeing

Which is bigger by revenue, AeroVironment or Boeing?

Boeing is bigger by revenue: $89.5B in fiscal 2025, against $2B for AeroVironment in fiscal 2026.

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

AeroVironment had a net margin of -13.4% in fiscal 2026; Boeing had 2.5% in fiscal 2025.

Which grew revenue faster, AeroVironment or Boeing?

In their latest fiscal years revenue changed by +140.9% at AeroVironment and +34.5% at Boeing.

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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