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AeroVironment vs Aevex: AVAV and AVEX compared
AeroVironment is the larger company: $480M of revenue in its latest quarter (Q1 FY27) against $202M for Aevex (Q2 2026). Aevex is growing faster (+100% against +6% a year earlier). Aevex is more profitable, with an operating margin of 7.6% against -2.3%.
Where the money goes: AVAV and AVEX
AeroVironment (AVAV) · Q1 FY27
AeroVironment, Q1 FY27: revenue $480M (+6% year over year), operating margin -2.3%, net loss $5.1M, operating cash flow $13.5M. The chart follows the revenue to costs, profit and cash.
Aevex (AVEX) · Q2 2026
Aevex, Q2 2026: revenue $202M (+100% year over year), operating margin 7.6%, net earnings $2.3M. The chart follows the revenue to costs, profit and cash.
| AeroVironment (AVAV) | Aevex (AVEX) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q2 2026 |
| Revenue | $480M | $202M |
| Revenue growth, Y/Y | +6% | +100% |
| Gross margin | — | 23.6% |
| Operating margin | -2.3% | 7.6% |
| Net earnings | −$5.1M | $2.3M |
| Net margin | -1.1% | 1.2% |
| Operating cash flow | $13.5M | — |
| Market value | $5.6B | — |
| Analysts’ mean target | $212.20 | — |
Where the revenue comes from
AeroVironment
- Precision Strike and Defense Systems: $197M (41%)
- Uncrewed Aircraft Systems: $120M (25%)
- Cyber and Mission Solutions: $83.0M (17%)
- Space and Directed Energy: $51.5M (11%)
Aevex
- Products: $169M (84%)
- Services: $33.1M (16%)
Questions
Which is bigger, AeroVironment or Aevex?
AeroVironment is the larger company: $480M of revenue in its latest quarter (Q1 FY27) against $202M for Aevex (Q2 2026).
Is AeroVironment or Aevex growing faster?
Aevex is growing faster (+100% against +6% a year earlier).
Which is more profitable, AeroVironment or Aevex?
Aevex is more profitable, with an operating margin of 7.6% against -2.3%.
More: AeroVironment earnings · how AeroVironment makes money · Aevex earnings · how Aevex makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 10, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.