Filing Flows › AeroVironment (AVAV) › Q4 FY26 › vs Q4 FY25
AeroVironment (AVAV) Q4 FY26 vs Q4 FY25 (year over year)
AeroVironment's revenue rose $367M (+133%) from $275M in Q4 FY25 to $642M in Q4 FY26. Gross margin 31.6% against 36.5% (-4.9 pts).
AeroVironment, Q4 FY26: revenue $642M (+133% year over year), operating margin 8.9%, net earnings $63.2M, operating cash flow $95.5M. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 31.6% | 36.5% | -4.9 pts |
| Operating margin | 8.9% | 5.0% | +3.9 pts |
| Net margin | 9.8% | 6.1% | +3.8 pts |
| Free cash flow margin | 12.3% | -2.0% | +14.3 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $642M | $275M | $367M | +133% |
| Gross profit | $203M | $100M | $102M | +102% |
| Cost of revenue | $439M | $175M | $264M | +151% |
| Other income, net | $22.3M | $3.1M | $19.2M | +625% |
| Operating profit | $56.9M | $13.8M | $43.1M | +312% |
| Operating expenses | $146M | $86.5M | $59.2M | +68% |
| Pre-tax earnings | $79.2M | $16.9M | $62.3M | +369% |
| Research & development | $31.5M | $24.9M | $6.6M | +26% |
| SG&A | $114M | $43.3M | $71.0M | +164% |
| Net earnings | $63.2M | $16.7M | $46.5M | +279% |
| Income tax | $16.0M | $223K | $15.8M | 72× |
| Depreciation & amortization | $62.1M | $13.9M | $48.2M | +348% |
| Share-based compensation | $10.3M | $5.9M | $4.3M | +73% |
| Working capital & other | $40.0M | $36.7M | $3.3M | +9% |
| Operating cash flow | $95.5M | −$264K | $95.8M | — |
| Free cash flow (OCF − capex) | $79.1M | −$5.5M | $84.6M | — |
| Capital expenditures | $16.4M | $5.3M | $11.2M | +212% |
Questions
How much did AeroVironment's revenue grow year over year in Q4 FY26?
AeroVironment's revenue rose $367M (+133%) from $275M in Q4 FY25 to $642M in Q4 FY26. Gross margin 31.6% against 36.5% (-4.9 pts).