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Applied Aerospace & Defense vs CPI Aerostructures: AADX and CVU compared
Applied Aerospace & Defense is the larger company: $167M of revenue in its latest quarter (Q2 2026) against $17.6M for CPI Aerostructures (Q2 2026). Applied Aerospace & Defense is growing faster (+47% against +16% a year earlier). CPI Aerostructures is more profitable, with an operating margin of 6.8% against -57.5%.
Where the money goes: AADX and CVU
Applied Aerospace & Defense (AADX) · Q2 2026
Applied Aerospace & Defense, Q2 2026: revenue $167M (+47% year over year), operating margin -57.5%, net loss $154M. The chart follows the revenue to costs, profit and cash.
CPI Aerostructures (CVU) · Q2 2026
CPI Aerostructures, Q2 2026: revenue $17.6M (+16% year over year), operating margin 6.8%, net earnings $686K, operating cash flow −$1K. The chart follows the revenue to costs, profit and cash.
| Applied Aerospace & Defense (AADX) | CPI Aerostructures (CVU) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $167M | $17.6M |
| Revenue growth, Y/Y | +47% | +16% |
| Gross margin | — | 22.0% |
| Operating margin | -57.5% | 6.8% |
| Net earnings | −$154M | $686K |
| Net margin | -92.0% | 3.9% |
| Operating cash flow | — | −$1K |
Where the revenue comes from
Applied Aerospace & Defense
- Defense Aviation and Airborne Systems: $78.9M (47%)
- C5ISR and Precision Strike Systems: $49.6M (30%)
- Space and Launch Systems: $38.8M (23%)
CPI Aerostructures
- Government subcontracts: $15.3M (87%)
- Commercial contracts: $1.5M (9%)
- Prime government contracts: $716K (4%)
Questions
Which is bigger, Applied Aerospace & Defense or CPI Aerostructures?
Applied Aerospace & Defense is the larger company: $167M of revenue in its latest quarter (Q2 2026) against $17.6M for CPI Aerostructures (Q2 2026).
Is Applied Aerospace & Defense or CPI Aerostructures growing faster?
Applied Aerospace & Defense is growing faster (+47% against +16% a year earlier).
Which is more profitable, Applied Aerospace & Defense or CPI Aerostructures?
CPI Aerostructures is more profitable, with an operating margin of 6.8% against -57.5%.
More: Applied Aerospace & Defense earnings · how Applied Aerospace & Defense makes money · CPI Aerostructures earnings · how CPI Aerostructures makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 12, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.