AeroVironment, Inc. (AVAV) Key Metrics
AVAV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $6.19B
- Enterprise value
- $8.20B
- P/E (TTM)
- — 10-yr median 72.7
- Forward P/E
- 55.2
- PEG ratio
- 1.57
- Price / sales
- 3.1 10-yr median 4.8
- Price / book
- 1.8 10-yr median 3.4
- EV / EBITDA
- 69.6 10-yr median 34.3
- Dividend yield
- —
- Beta
- 1.36
AVAV key metrics, FY2017–FY2026
Fiscal year ended April 30, 2026 · U.S. dollarsAVAV valuation Price multiples at each fiscal year-end price.
Price / sales−6.9%
4.8
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / book−54.8%
2.2
FY2026 · hover or tap a bar for each year
FY2017FY2026
EV / EBITDA+22.1%
50.2
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow yield−1.2 pts
−1.7%
FY2026 · hover or tap a bar for each year
FY2017FY2026
AVAV returns How much profit the business earns on the capital it uses.
Return on equity−15.1 pts
−10.0%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on invested capital−6.7 pts
−2.0%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on assets−11.8 pts
−7.8%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow margin−5.4 pts
−8.3%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Asset turnover−24.7%
0.58
FY2026 · hover or tap a bar for each year
FY2017FY2026
AVAV per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+38.3%
$40.27
FY2026 · hover or tap a bar for each year
FY2017FY2026
Earnings per share
−$5.40
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow per share
−$3.35
FY2026 · hover or tap a bar for each year
FY2017FY2026
Book value per share+184.9%
$89.64
FY2026 · hover or tap a bar for each year
FY2017FY2026
Shares outstanding+74.2%
49.1M
FY2026 · hover or tap a bar for each year
FY2017FY2026
AVAV financial health Debt, liquidity and how easily interest is covered.
Debt / equity+161.6%
0.19
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt+$179.1M
$202.5M
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt / EBITDA+0.82
1.04
FY2026 · hover or tap a bar for each year
FY2017FY2026
Current ratio+22.2%
4.30
FY2026 · hover or tap a bar for each year
FY2017FY2026
Interest coverage
-12.5
FY2026 · hover or tap a bar for each year
FY2017FY2026
Debt / assets+154.5%
0.15
FY2026 · hover or tap a bar for each year
FY2017FY2026
AVAV efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−29 days
118 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days of inventory−51 days
56 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days payables outstanding−15 days
29 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion cycle−65 days
146 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Capex / revenue+1.6 pts
4.4%
FY2026 · hover or tap a bar for each year
FY2017FY2026
AVAV valuation history
Fiscal year-endToday10-year median
AVAV returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AVAV debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AVAV cash returned to shareholders
DividendsBuybacksFree cash flow
AVAV price vs earnings per share
Share price at year-endEPS (right axis)
AVAV key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $9.57B | $4.27B | $4.37B | $2.52B | $1.98B | $2.69B | $1.45B | $1.65B | $1.30B | $665.9M |
| Enterprise value | $9.78B | $4.29B | $4.35B | $2.55B | $2.10B | $2.73B | $1.16B | $1.35B | $1.04B | $480.6M |
| P/E ratio | — | 97.9 | 73.2 | — | — | 115.3 | 35.3 | 34.8 | 72.7 | 50.8 |
| Price / sales | 4.8 | 5.2 | 6.1 | 4.7 | 4.4 | 6.8 | 4.0 | 5.3 | 4.8 | 2.9 |
| Price / book | 2.2 | 4.8 | 5.3 | 4.6 | 3.3 | 4.4 | 2.8 | 3.6 | 3.2 | 1.7 |
| Price / free cash flow | — | — | — | — | — | 35.7 | 104.6 | 159.2 | 21.8 | — |
| Price / operating cash flow | — | — | 285.6 | 221.2 | — | 31.1 | 57.8 | 85.7 | 18.8 | — |
| EV / sales | 4.9 | 5.2 | 6.1 | 4.7 | 4.7 | 6.9 | 3.2 | 4.3 | 3.9 | 2.1 |
| EV / EBITDA | 50.2 | 41.1 | 39.8 | 22.8 | 40.4 | 39.3 | 20.6 | 29.3 | 27.8 | 17.7 |
| EV / free cash flow | — | — | — | — | — | 36.3 | 83.5 | 129.8 | 17.5 | — |
| Earnings yield | −2.8% | 1.0% | 1.4% | −7.0% | −0.2% | 0.9% | 2.8% | 2.9% | 1.4% | 2.0% |
| Free cash flow yield | −1.7% | −0.6% | −0.2% | −0.1% | −1.6% | 2.8% | 1.0% | 0.6% | 4.6% | −3.1% |
| Dividend yield | — | — | — | 0.0% | 0.1% | 7.2% | — | 0.1% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | — | 0.0% | 0.0% | 0.1% | 0.1% | 7.3% | 0.1% | 0.1% | 0.0% | 0.0% |
| Share price at fiscal year-end | $195.02 | $151.52 | $159.79 | $100.69 | $80.32 | $110.37 | $60.26 | $68.56 | $54.50 | $28.57 |
| Per share | ||||||||||
| Revenue per share | $40.27 | $29.13 | $26.23 | $21.58 | $18.06 | $16.21 | $15.25 | $13.06 | $11.27 | $10.00 |
| Earnings per share | −$5.40 | $1.55 | $2.18 | −$7.04 | −$0.17 | $0.96 | $1.71 | $1.97 | $0.75 | $0.56 |
| Operating cash flow per share | −$1.60 | −$0.05 | $0.56 | $0.46 | −$0.39 | $3.55 | $1.04 | $0.80 | $2.91 | −$0.45 |
| Free cash flow per share | −$3.35 | −$0.86 | −$0.34 | −$0.14 | −$1.29 | $3.09 | $0.58 | $0.43 | $2.50 | −$0.87 |
| Cash per share | $12.88 | $1.45 | $2.68 | $5.30 | $4.13 | $7.42 | $12.56 | $13.43 | $10.80 | $8.58 |
| Book value per share | $89.64 | $31.47 | $30.11 | $22.00 | $24.63 | $25.12 | $21.17 | $19.22 | $17.22 | $16.40 |
| Tangible book value per share | $19.90 | $20.62 | $17.38 | $13.04 | $7.15 | $7.87 | $20.34 | $19.18 | $17.17 | $16.24 |
| Dividends per share | — | — | — | $0.04 | $0.06 | $7.97 | — | $0.04 | $0.00 | $0.00 |
| Capex per share | $1.76 | $0.81 | $0.90 | $0.59 | $0.90 | $0.46 | $0.47 | $0.37 | $0.40 | $0.42 |
| Debt per share | $17.01 | $2.28 | $2.18 | $6.50 | $8.77 | $9.14 | $0.42 | $0.77 | $0.01 | $0.62 |
| Shares outstanding | 49.1M | 28.2M | 27.3M | 25.0M | 24.7M | 24.4M | 24.1M | 24.1M | 23.8M | 23.3M |
| Change in shares outstanding | +74.2% | +3.1% | +9.1% | +1.5% | +1.3% | +1.1% | +0.1% | +1.1% | +2.2% | +0.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −10.0% | 5.1% | 8.7% | −30.4% | −0.7% | 4.2% | 8.4% | 10.9% | 4.5% | 3.5% |
| Return on invested capital (ROIC) | −2.0% | 4.7% | 10.0% | −21.7% | −1.1% | 9.7% | 22.0% | 19.6% | 11.9% | 9.5% |
| Return on assets (ROA) | −7.8% | 4.1% | 6.5% | −20.3% | −0.5% | 3.1% | 7.5% | 9.7% | 3.9% | 3.1% |
| Return on tangible assets | −11.6% | 5.4% | 8.9% | −29.4% | −0.9% | 4.6% | 7.3% | 9.3% | 3.8% | 3.1% |
| Free cash flow margin | −8.3% | −2.9% | −1.3% | −0.6% | −7.2% | 19.1% | 3.8% | 3.3% | 22.2% | −8.7% |
| Income quality (OCF / net income) | — | −0.03 | 0.26 | — | — | 3.71 | 0.61 | 0.41 | 3.87 | −0.80 |
| Financial health | ||||||||||
| Total debt | $834.8M | $64.3M | $59.7M | $162.8M | $216.6M | $222.8M | $10.2M | $18.5M | $161,000 | $14.5M |
| Cash & short-term investments | $632.3M | $40.9M | $73.3M | $132.9M | $101.9M | $180.7M | $302.6M | $323.2M | $257.2M | $199.9M |
| Net debt | $202.5M | $23.4M | −$13.6M | $30.0M | $114.6M | $42.1M | −$292.4M | −$304.7M | −$257.0M | −$185.3M |
| Debt / equity | 0.19 | 0.07 | 0.07 | 0.30 | 0.36 | 0.36 | 0.02 | 0.04 | 0.00 | 0.04 |
| Debt / assets | 0.15 | 0.06 | 0.06 | 0.20 | 0.24 | 0.24 | 0.02 | 0.04 | 0.00 | 0.03 |
| Net debt / EBITDA | 1.04 | 0.22 | −0.12 | 0.27 | 2.21 | 0.60 | −5.20 | −6.64 | −6.87 | −6.82 |
| Current ratio | 4.30 | 3.52 | 3.56 | 3.93 | 3.64 | 4.18 | 7.53 | 10.47 | 6.43 | 7.37 |
| Quick ratio | 3.59 | 2.69 | 2.52 | 2.79 | 2.74 | 3.43 | 6.85 | 9.26 | 5.81 | 6.12 |
| Interest coverage | -12.5 | 18.6 | 17.0 | -19.1 | -1.8 | 70.1 | 221.3 | 1.9 | 13.6 | 12.8 |
| Working capital | $1.45B | $434.4M | $370.7M | $355.7M | $267.5M | $305.5M | $437.0M | $424.7M | $337.1M | $306.0M |
| Invested capital | $4.60B | $909.9M | $809.1M | $580.9M | $722.6M | $654.1M | $217.5M | $157.9M | $153.1M | $196.9M |
| Tangible asset value | $976.9M | $581.0M | $474.9M | $326.6M | $176.6M | $191.6M | $489.9M | $461.7M | $407.8M | $378.5M |
| Net current asset value | $574.1M | $372.5M | $322.5M | $203.4M | $62.9M | $85.2M | $428.9M | $423.3M | $334.8M | $303.8M |
| Graham number | — | $33.11 | $38.46 | — | — | $23.27 | $28.50 | $29.19 | $17.05 | $14.40 |
| Graham net-net per share | $2.80 | $6.15 | $5.77 | $2.94 | −$1.42 | $0.03 | $15.05 | $15.27 | $11.23 | $10.55 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $1.1M | $1.5M | $194.1M | — | $1.0M | $0 | $0 |
| Share buybacks (net) | — | $0 | $1.6M | $1.1M | $1.2M | $2.0M | $1.1M | $1.1M | $397,000 | $5,000 |
| Dividend payout ratio | — | — | — | — | — | 832.1% | — | 2.2% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | — | — | — | — | — | 260.6% | 7.7% | 20.4% | 0.7% | — |
| Capex / revenue | 4.4% | 2.8% | 3.4% | 2.8% | 5.0% | 2.9% | 3.1% | 2.8% | 3.6% | 4.2% |
| Capex / operating cash flow | — | — | 160.1% | 130.4% | — | 13.0% | 44.7% | 46.2% | 13.8% | — |
| Capex / depreciation | 0.33 | 0.56 | 0.68 | 0.15 | 0.37 | 0.58 | 1.13 | 1.16 | 1.60 | 1.40 |
| Stock-based compensation / revenue | 1.9% | 2.6% | 2.4% | 2.0% | 1.2% | 1.8% | 1.7% | 2.2% | 1.8% | 1.6% |
| R&D / revenue | 6.5% | 19.3% | 22.3% | 25.0% | 25.5% | 26.6% | 14.9% | 30.2% | 25.1% | 25.0% |
| SG&A / revenue | 22.4% | 19.3% | 15.6% | 18.0% | 21.3% | 15.2% | 16.2% | 17.5% | 18.4% | 20.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 118.1 | 147.3 | 117.9 | 120.9 | 122.5 | 131.1 | 116.5 | 92.1 | 110.3 | 127.9 |
| Days of inventory on hand | 56.5 | 107.9 | 121.9 | 114.1 | 97.3 | 92.8 | 84.9 | 91.0 | 112.1 | 131.2 |
| Days payables outstanding | 28.8 | 44.3 | 33.6 | 25.2 | 26.4 | 35.4 | 30.5 | 36.6 | 47.3 | 51.1 |
| Cash conversion cycle (days) | 145.8 | 210.9 | 206.2 | 209.8 | 193.3 | 188.6 | 170.8 | 146.5 | 175.1 | 208.1 |
| Receivables turnover | 3.09 | 2.48 | 3.10 | 3.02 | 2.98 | 2.78 | 3.13 | 3.96 | 3.31 | 2.85 |
| Payables turnover | 12.67 | 8.24 | 10.87 | 14.51 | 13.81 | 10.31 | 11.96 | 9.96 | 7.72 | 7.14 |
| Inventory turnover | 6.46 | 3.38 | 3.00 | 3.20 | 3.75 | 3.93 | 4.30 | 4.01 | 3.26 | 2.78 |
| Asset turnover | 0.58 | 0.77 | 0.78 | 0.62 | 0.48 | 0.52 | 0.67 | 0.64 | 0.59 | 0.55 |
| Average receivables | $639.6M | $331.2M | $231.5M | $179.0M | $149.5M | $141.9M | $117.2M | $79.3M | $81.1M | $81.7M |
| Average payables | $116.5M | $60.4M | $39.8M | $25.3M | $22.0M | $22.4M | $17.9M | $18.7M | $20.8M | $19.0M |
| Average inventory | $228.5M | $147.1M | $144.5M | $114.7M | $81.1M | $58.6M | $49.8M | $46.3M | $49.4M | $48.8M |
| Intangibles / total assets | 59.9% | 27.3% | 34.2% | 27.2% | 47.2% | 45.3% | 3.4% | 0.2% | 0.3% | 0.8% |
Computed from AVAV's annual financial statements (latest annual report filed June 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AVAV valuation and financial ratios
AeroVironment earned a return on equity of −10.0% and a return on invested capital of −2.0% in fiscal 2026. It ended the year with $834.8 million of debt and $632.3 million in cash and short-term investments, net debt of $202.5 million. The share count rose 110.6% from 23.3M to 49.1M over 9 years.
See the AVAV income statement, the AVAV chart for price history, or the AVAV stock overview for the latest quote and news.
AVAV key metrics FAQ
What is AeroVironment's EV/EBITDA?
AeroVironment's enterprise value was 50.2 times EBITDA at the end of fiscal 2026 (enterprise value $9.8 billion, EBITDA $194.8 million); the current EV/EBITDA is 69.6.
What is AeroVironment's return on equity?
AeroVironment's return on equity (ROE) was −10.0% in fiscal 2026: net income of -$265.1 million on average shareholders' equity of $2.6 billion.
What is AeroVironment's ROIC?
AeroVironment's return on invested capital was −2.0% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does AeroVironment have?
AeroVironment had total debt of $834.8 million at the end of fiscal 2026, a debt-to-equity ratio of 0.19 and $202.5 million of net debt (1.04 times EBITDA).
What is AeroVironment's free cash flow yield?
AeroVironment generated -$164.6 million of free cash flow in fiscal 2026, a free cash flow yield of −1.7% on its market value at year-end ($9.6 billion).
What is AeroVironment's current ratio?
AeroVironment's current ratio was 4.30 at the end of fiscal 2026: current assets were 4.30 times current liabilities.