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

AeroVironment brought in $2B of revenue in fiscal 2026, Embraer $7.6B in fiscal 2025. Revenue changed by +140.9% at AeroVironment and +18.5% at Embraer on the year before, so AeroVironment grew faster. AeroVironment kept -13.4% of its revenue as net profit, Embraer 4.6%. Free cash flow was -$140.9M at AeroVironment and $682.8M at Embraer.

Side by side, latest fiscal year

AVAVEMBJ
Fiscal year endedFY2026 (April 30, 2026)FY2025 (December 31, 2025)
Revenue$2B$7.6B
Revenue growth+140.9%+18.5%
Net income-$265.1M$351.9M
Net margin-13.4%4.6%
Free cash flow-$140.9M$682.8M
Free cash flow margin-7.1%9.0%
Earnings per share (diluted)-$5.40$0.48
Cash$377.3M$1.9B
Debt$747.5Mn/a
Price to earningsn/an/a
Market value$7.7B$14.2B
Dividend yieldn/an/a
Rank by revenue in sector#219 of 451 · Industrials#87 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: $2BEMBJ FY2018: $5.1BEMBJ FY2019: $5.5BEMBJ FY2020: $3.8BEMBJ FY2021: $4.2BEMBJ FY2022: $4.5BEMBJ FY2023: $5.3BEMBJ FY2024: $6.4BEMBJ FY2025: $7.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AVAV $2BEMBJ $7.6B
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: -$265.1MEMBJ FY2018: -$178.2MEMBJ FY2019: -$322.3MEMBJ FY2020: -$731.9MEMBJ FY2021: -$44.7MEMBJ FY2022: -$185.4MEMBJ FY2023: $164MEMBJ FY2024: $352.5MEMBJ FY2025: $351.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AVAV -$265.1MEMBJ $351.9M
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%EMBJ FY2018: -3.5%EMBJ FY2019: -5.9%EMBJ FY2020: -19.4%EMBJ FY2021: -1.1%EMBJ FY2022: -4.1%EMBJ FY2023: 3.1%EMBJ FY2024: 5.5%EMBJ FY2025: 4.6%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AVAV -13.4%EMBJ 4.6%
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%EMBJ FY2019: +7.7%EMBJ FY2020: -31.0%EMBJ FY2021: +11.3%EMBJ FY2022: +8.2%EMBJ FY2023: +16.0%EMBJ FY2024: +21.4%EMBJ FY2025: +18.5%FY19FY20FY21FY22FY23FY24FY25FY26
AVAV +140.9%EMBJ +18.5%
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: -$140.9MEMBJ FY2018: $953.3MEMBJ FY2019: $609.3MEMBJ FY2020: -$1.4BEMBJ FY2021: $413.6MEMBJ FY2022: $615.1MEMBJ FY2023: $378.3MEMBJ FY2024: $670.8MEMBJ FY2025: $682.8MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AVAV -$140.9MEMBJ $682.8M

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

Questions about AeroVironment and Embraer

Which is bigger by revenue, AeroVironment or Embraer?

Embraer is bigger by revenue: $7.6B in fiscal 2025, against $2B for AeroVironment in fiscal 2026.

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

AeroVironment had a net margin of -13.4% in fiscal 2026; Embraer had 4.6% in fiscal 2025.

Which grew revenue faster, AeroVironment or Embraer?

In their latest fiscal years revenue changed by +140.9% at AeroVironment and +18.5% at Embraer.

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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