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AeroVironment AVAV
$ 144.65 1.25%
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Annual report 2026
added 06-29-2026

AeroVironment Financial Ratios 2026-2009 | AVAV

Brief overview of AeroVironment's valuation and returns

The comparison uses the five latest available annual observations between 2019 and 2025.

Market valuation is represented by P/E 111.92x (median 63.87x), EV/EBITDA 59.18x (median 42.65x), P/S 5.95x (median 5.95x). The combined multiple level is about 38.8% above the company's historical norm, leaving less valuation cushion.

The 1/P/E calculation produces a 0.9% earnings yield. It does not capture future growth or capital structure.

The latest available business-quality ratios are ROE 4.9%, ROA 3.9%, ROCE 4.6%. Low capital returns limit the ability to compound value internally.

PEG of 0.57x shows valuation is not outpacing embedded growth. The conclusion depends on earnings durability.

What the ratios show

AeroVironment's market premium is not yet supported by strong capital returns, raising valuation risk.

Annual Financial Ratios AeroVironment

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

P/E

-25.7 111.9 79.4 -24.8 -537.6 63.9 41.1 33.1 67.8 57.4 75.2 204.2 52.3 44.4 15.8 24.8 25.4 -

P/S

3.5 5.9 6.6 8.1 5.0 -142.3 4.6 5.0 5.0 2.7 2.6 2.3 2.9 1.9 1.5 2.2 2.1 -

EPS

-5.4 1.6 2.2 -7.0 -0.2 1.0 1.7 2 0.8 0.6 0.4 0.1 0.6 0.5 1.4 1.2 1.0 -

EV (Enterprise Value)

6.45 B 4.84 B 4.67 B 4.23 B 2.17 B 1.34 B 1.51 B 1.45 B 1.28 B 686 M 599 M 496 M 634 M 436 M 487 M 648 M 498 M -117 M

EBITDA per Share

-0.94 2.92 3.95 -3.14 2.06 2.6 2.4 1.75 1.6 0.849 0.689 0.454 0.965 0.668 2.39 2.06 1.82 -

EV/EBITDA

-140.3 59.2 43.4 -53.8 42.7 21.5 25.1 33.7 32.4 32.5 34.8 43.1 27.4 26.3 8.0 13.0 12.8 -

PEG

0.2 -1.08 -0.88 0.57 -21.94 1.92 -3.04 0.25 1.15 1.49 0.36 -2.58 1.8 -0.67 0.95 1.04 - -

P/B

1.2 4.4 4.7 - 2.5 1.6 3.3 3.4 3.3 1.9 1.9 1.7 2.1 1.5 1.6 2.4 - -

P/CF

-87.0 -3703.9 309.9 382.8 -233.9 17.2 121.5 151.7 22.8 -35.2 -107.4 17.4 34.2 40.9 127.9 27.5 - -

ROE %

-6.02 4.92 7.25 -31.97 -0.69 3.81 8.06 10.26 4.89 3.27 2.48 0.83 4.01 3.31 10.18 9.83 8.87 -

ROA %

-4.64 3.89 5.87 - -0.46 2.51 7.02 9.32 4.24 2.89 2.18 0.73 3.56 2.87 8.25 7.81 - -

ROCE %

-7.07 4.60 8.73 -32.43 -1.63 7.08 9.10 7.29 7.67 3.26 2.67 0.57 3.58 1.18 14.10 12.59 12.80 -

Current Ratio

- - - - - - 7.5 10.5 6.6 7.4 7.5 7.0 8.1 6.2 4.4 4.8 - -

DSO

38.6 38.3 17.9 20.3 50.3 -2373.4 148.6 98.6 94.1 121.9 103.6 71.7 71.4 65.1 93.7 82.8 - -

DIO

56.5 107.0 63.3 45.1 97.3 92.8 77.6 106.2 87.0 134.7 90.0 92.7 117.1 154.7 81.2 79.4 - -

DPO

28.8 43.9 20.4 9.6 26.4 35.4 33.8 31.4 48.0 45.5 42.5 45.3 32.1 39.9 37.7 64.8 - -

Operating Cycle

95.1 145.3 81.2 65.4 147.6 -2280.6 226.2 204.8 181.1 256.7 193.6 164.4 188.5 219.8 174.9 162.2 - -

Cash Conversion Cycle

66.3 101.4 60.9 55.8 121.1 -2316.0 192.3 173.4 133.1 211.2 151.1 119.2 156.4 179.9 137.2 97.4 - -

All numbers in USD currency

Quarterly Financial Ratios AeroVironment

2026-Q3 2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

-4.9 -0.34 -1.44 -0.06 0.27 0.76 0.5 0.66 0.84 - - - - 0.01 0.1 -0.47 0.45 -0.04 0.09 0.09 0.42 0.35 0.32 0.32 0.72 -0.03 0.26 0.26 1.16 -0.09 0.33 0.3 -0.19 0.27 -0.18 -0.18 -0.51 0.1 0.19 0.19 -0.3 0.5 -0.13 -0.13 -0.16 0.17 0.07 0.07 -0.32 0.26 0.4 0.4 -0.06 0.53 0.3 0.3 0.02

EBITDA per Share

-4.3 0.56 0.45 0.86 0.89 1.14 1.41 1.51 1.28 -0.29 - - - - 0.49 0.86 - -0.01 0.88 0.82 0.63 0.34 0.57 0.53 0.88 0.01 0.46 0.43 0.68 -0.06 0.67 0.55 -0.27 0.22 - -0.05 -0.61 0.22 0.58 0.42 -0.33 0.39 0.12 0.01 -0.19 -0.05 0.55 0.38 -0.22 0.34 0.88 0.86 0.03 0.73 0.81 0.65 0.11

ROE %

-7.94 -1.23 1.66 5.41 8.55 11.48 8.98 6.79 4.28 -1.43 -1.42 -1.42 -1.42 -1.63 -1.29 -1.31 0.58 2.55 4.60 5.73 6.86 8.59 6.56 6.39 6.22 9.20 8.77 9.34 9.77 1.92 4.29 1.16 -3.94 -5.99 -7.05 -4.58 0.02 1.24 4.01 1.88 -0.26 0.69 -1.54 -0.15 1.24 0.01 0.83 3.12 5.50 7.33 7.69 5.00 -0.46 - 2.42 0.12 -

ROA %

-6.21 -0.93 1.49 4.11 6.05 7.96 5.84 4.46 2.97 -0.93 -0.93 -0.93 -0.93 -1.11 -0.81 -0.72 0.53 2.24 4.10 5.13 6.17 7.82 5.96 5.83 5.68 8.09 7.71 8.22 8.58 1.77 3.92 1.10 -3.51 -5.31 -6.29 -4.06 0.08 1.16 3.62 1.70 -0.22 0.60 -1.38 -0.15 1.08 0.03 0.72 2.70 4.79 6.41 6.68 4.34 -0.38 - 2.04 0.11 -

ROCE %

-9.02 -1.79 1.62 5.49 9.99 13.77 8.70 6.27 2.68 -3.38 -1.03 -1.03 -1.03 -1.26 1.52 3.63 5.10 7.51 9.46 8.45 7.42 9.09 7.41 7.26 7.12 6.50 6.05 7.26 8.20 2.59 4.43 0.44 -3.27 -5.45 -5.36 -2.08 1.19 2.90 4.06 0.84 -2.37 -1.66 -4.66 -2.18 0.31 -0.06 2.90 5.85 8.95 10.45 11.34 10.92 6.72 7.47 3.51 3.80 0.16

DSO

48.5 41.6 28.1 42.2 26.5 21.4 31.1 38.6 36.2 14.2 - - 158.7 26.9 2912.1 -618281.5 30.4 43.2 36.5 29.6 -3815.9 45.2 45.6 40.4 29.8 50.4 30.3 44.1 46.7 63.4 45.6 61.4 112.3 44.0 65.6 80.7 118.3 53.8 50.0 43.6 73.9 48.6 47.0 47.6 55.7 65.7 39.3 27.7 45.5 46.0 55.8 60.4 43.9 13.8 27.0 37.7 -

DIO

82.4 60.9 48.3 125.7 112.7 128.9 131.2 154.5 139.5 59.5 - - - 122.9 95.7 47.0 - 138.9 85.7 80.2 84.1 104.7 103.5 104.7 131.3 129.9 90.4 81.5 106.6 195.4 157.7 68.7 - 113.2 138.5 113.8 133.3 107.0 126.8 114.5 139.5 116.0 128.8 127.4 137.9 206.8 143.9 146.1 160.4 95.5 91.2 90.0 50.7 37.6 73.1 38.7 -

DPO

33.8 26.1 17.8 39.1 33.5 29.8 21.3 24.9 23.1 10.1 - - - 33.9 22.6 12.9 - 33.9 22.9 27.8 27.6 23.0 21.3 26.0 29.2 28.8 27.7 35.1 35.3 39.8 31.6 18.2 - 31.7 40.7 39.4 52.4 30.6 33.7 44.2 50.5 36.9 42.1 35.5 35.8 45.9 28.2 33.0 42.7 29.5 29.1 34.0 23.5 17.8 29.5 22.1 -

Operating Cycle

130.9 - - - - - - - - 73.7 - - 158.7 149.8 3007.8 -618234.5 30.4 182.2 122.2 109.8 -3731.8 149.9 149.1 145.1 161.1 180.3 120.7 125.7 153.4 258.9 203.3 130.2 112.3 157.2 204.2 194.6 251.6 160.8 176.8 158.1 213.4 164.6 175.9 175.0 193.6 272.5 183.2 173.8 205.9 141.5 147.0 150.4 94.6 51.4 100.2 76.4 -

Cash Conversion Cycle

97.0 - - - - - - - - 63.7 - - 158.7 115.9 2985.1 -618247.3 30.4 148.3 99.3 82.0 -3759.4 126.9 127.8 119.1 131.9 151.4 93.0 90.6 118.1 219.0 171.7 112.0 112.3 125.5 163.4 155.2 199.1 130.2 143.1 113.9 162.8 127.7 133.8 139.5 157.8 226.6 155.0 140.7 163.2 112.0 117.9 116.4 71.0 33.6 70.7 54.3 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company AeroVironment, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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