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AeroVironment vs Joby Aviation: revenue, profit, margins and growth compared

AeroVironment brought in $2B of revenue in fiscal 2026, Joby Aviation $53.4M in fiscal 2025. Revenue changed by +140.9% at AeroVironment and +39,183.1% at Joby Aviation on the year before, so Joby Aviation grew faster. AeroVironment kept -13.4% of its revenue as net profit, Joby Aviation -1,740.5%. Free cash flow was -$140.9M at AeroVironment and -$563.8M at Joby Aviation.

Side by side, latest fiscal year

AVAVJOBY
Fiscal year endedFY2026 (April 30, 2026)FY2025 (December 31, 2025)
Revenue$2B$53.4M
Revenue growth+140.9%+39,183.1%
Net income-$265.1M-$929.8M
Net margin-13.4%-1,740.5%
Free cash flow-$140.9M-$563.8M
Free cash flow margin-7.1%-1,055.3%
Earnings per share (diluted)-$5.40-$1.13
Cash$377.3M$240.8M
Debt$747.5M$0
Price to earningsn/an/a
Market value$7.7B$6.3B
Dividend yieldn/an/a
Rank by revenue in sector#219 of 451 · Industrials#403 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: $2BJOBY FY2021: $0JOBY FY2022: $0JOBY FY2023: $1MJOBY FY2024: $136KJOBY FY2025: $53.4MFY19FY20FY21FY22FY23FY24FY25FY26
AVAV $2BJOBY $53.4M
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: -$265.1MJOBY FY2020: -$114.2MJOBY FY2021: -$180.3MJOBY FY2022: -$258MJOBY FY2023: -$513.1MJOBY FY2024: -$608MJOBY FY2025: -$929.8MFY19FY20FY21FY22FY23FY24FY25FY26
AVAV -$265.1MJOBY -$929.8M
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%JOBY FY2023: -49,714.1%JOBY FY2024: -447,083.8%JOBY FY2025: -1,740.5%FY19FY20FY22FY23FY24FY25FY26
AVAV -13.4%JOBY -1,740.5%
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%JOBY FY2024: -86.8%JOBY FY2025: +39,183.1%FY19FY20FY22FY23FY24FY25FY26
AVAV +140.9%JOBY +39,183.1%
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: -$140.9MJOBY FY2020: -$129.6MJOBY FY2021: -$228.1MJOBY FY2022: -$290.8MJOBY FY2023: -$344.4MJOBY FY2024: -$476.9MJOBY FY2025: -$563.8MFY19FY20FY21FY22FY23FY24FY25FY26
AVAV -$140.9MJOBY -$563.8M

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

Questions about AeroVironment and Joby Aviation

Which is bigger by revenue, AeroVironment or Joby Aviation?

AeroVironment is bigger by revenue: $2B in fiscal 2026, against $53.4M for Joby Aviation in fiscal 2025.

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

AeroVironment had a net margin of -13.4% in fiscal 2026; Joby Aviation had -1,740.5% in fiscal 2025.

Which grew revenue faster, AeroVironment or Joby Aviation?

In their latest fiscal years revenue changed by +140.9% at AeroVironment and +39,183.1% at Joby Aviation.

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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