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AeroVironment vs Joby Aviation: AVAV and JOBY compared
AeroVironment is the larger company: $480M of revenue in its latest quarter (Q1 FY27) against $55.1M for Joby Aviation (Q3 2026). Joby Aviation is growing faster (+144% against +6% a year earlier). AeroVironment is more profitable, with an operating margin of -2.3% against -504.8%.
Where the money goes: AVAV and JOBY
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.
Joby Aviation (JOBY) · Q3 2026
Joby Aviation, Q3 2026: revenue $55.1M (+144% year over year), operating margin -504.8%, net loss $212M, operating cash flow −$169M. The chart follows the revenue to costs, profit and cash.
| AeroVironment (AVAV) | Joby Aviation (JOBY) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $480M | $55.1M |
| Revenue growth, Y/Y | +6% | +144% |
| Operating margin | -2.3% | -504.8% |
| Net earnings | −$5.1M | −$212M |
| Net margin | -1.1% | -384.5% |
| Operating cash flow | $13.5M | −$169M |
| 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%)
Joby Aviation
- Passenger: $53.2M (97%)
- Other: $1.9M (3%)
Questions
Which is bigger, AeroVironment or Joby Aviation?
AeroVironment is the larger company: $480M of revenue in its latest quarter (Q1 FY27) against $55.1M for Joby Aviation (Q3 2026).
Is AeroVironment or Joby Aviation growing faster?
Joby Aviation is growing faster (+144% against +6% a year earlier).
Which is more profitable, AeroVironment or Joby Aviation?
AeroVironment is more profitable, with an operating margin of -2.3% against -504.8%.
More: AeroVironment earnings · how AeroVironment makes money · Joby Aviation earnings · how Joby Aviation makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 10, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.