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Side-by-side financial comparison of Ascendis Pharma A/S (ASND) and AeroVironment Inc (AVAV). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $267.3M, roughly 1.8× Ascendis Pharma A/S). On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 42.3%). Over the past eight quarters, Ascendis Pharma A/S's revenue compounded faster (60.7% CAGR vs 59.1%).
Ascendis Pharma A/SASNDEarnings & Financial Report
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AeroVironment, Inc., also known as AV, is an American defense technology company headquartered in Arlington, Virginia that designs and manufactures autonomous systems, counter-UAS systems, and space systems. The company was founded in 1971 by Paul B. MacCready Jr., a designer of human-powered aircraft. The company provides the US Department of Defense and foreign militaries with small and medium-sized drones—notably the Raven, Switchblade, Wasp, and Puma. Through its acquisition of BlueHalo i...
ASND vs AVAV — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $267.3M | $472.5M |
| Net Profit | — | $-17.1M |
| Gross Margin | 90.5% | 22.0% |
| Operating Margin | — | -6.4% |
| Net Margin | — | -3.6% |
| Revenue YoY | 42.3% | 181.9% |
| Net Profit YoY | — | -875.1% |
| EPS (diluted) | — | $-0.34 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $267.3M | $472.5M | ||
| Q3 25 | $230.7M | $454.7M | ||
| Q2 25 | $170.7M | $275.1M | ||
| Q1 25 | $109.0M | $167.6M | ||
| Q4 24 | $187.8M | $188.5M | ||
| Q3 24 | $62.5M | $189.5M | ||
| Q2 24 | $38.9M | $197.0M | ||
| Q1 24 | $103.6M | $186.6M |
| Q4 25 | — | $-17.1M | ||
| Q3 25 | $-65.9M | $-67.4M | ||
| Q2 25 | $-42.0M | $16.7M | ||
| Q1 25 | $-102.2M | $-1.8M | ||
| Q4 24 | — | $7.5M | ||
| Q3 24 | $-107.1M | $21.2M | ||
| Q2 24 | $-118.1M | $6.0M | ||
| Q1 24 | $-141.5M | $13.9M |
| Q4 25 | 90.5% | 22.0% | ||
| Q3 25 | 89.5% | 20.9% | ||
| Q2 25 | 80.1% | 36.5% | ||
| Q1 25 | 82.6% | 37.7% | ||
| Q4 24 | 91.9% | 39.1% | ||
| Q3 24 | 80.6% | 43.0% | ||
| Q2 24 | 68.2% | 38.4% | ||
| Q1 24 | 92.1% | 36.1% |
| Q4 25 | — | -6.4% | ||
| Q3 25 | 5.1% | -15.2% | ||
| Q2 25 | -33.5% | 5.0% | ||
| Q1 25 | -103.2% | -1.8% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | -167.3% | 12.2% | ||
| Q2 24 | -370.2% | 3.0% | ||
| Q1 24 | -51.2% | 7.7% |
| Q4 25 | — | -3.6% | ||
| Q3 25 | -28.5% | -14.8% | ||
| Q2 25 | -24.6% | 6.1% | ||
| Q1 25 | -93.7% | -1.0% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | -171.5% | 11.2% | ||
| Q2 24 | -303.9% | 3.1% | ||
| Q1 24 | -136.6% | 7.4% |
| Q4 25 | — | $-0.34 | ||
| Q3 25 | — | $-1.44 | ||
| Q2 25 | — | $0.59 | ||
| Q1 25 | — | $-0.06 | ||
| Q4 24 | — | $0.27 | ||
| Q3 24 | — | $0.75 | ||
| Q2 24 | — | $0.18 | ||
| Q1 24 | — | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $665.3M | $588.5M |
| Total DebtLower is stronger | — | $747.5M |
| Stockholders' EquityBook value | $-175.8M | $4.4B |
| Total Assets | $1.4B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $665.3M | $588.5M | ||
| Q3 25 | $582.2M | $685.8M | ||
| Q2 25 | $533.6M | $40.9M | ||
| Q1 25 | $559.4M | $47.0M | ||
| Q4 24 | $604.3M | $69.0M | ||
| Q3 24 | $675.6M | $81.2M | ||
| Q2 24 | $279.4M | $73.3M | ||
| Q1 24 | $345.9M | $107.7M |
| Q4 25 | — | $747.5M | ||
| Q3 25 | — | $747.5M | ||
| Q2 25 | — | $30.0M | ||
| Q1 25 | — | $25.0M | ||
| Q4 24 | — | $15.0M | ||
| Q3 24 | — | $17.5M | ||
| Q2 24 | — | $28.0M | ||
| Q1 24 | — | $40.0M |
| Q4 25 | $-175.8M | $4.4B | ||
| Q3 25 | $-188.0M | $4.4B | ||
| Q2 25 | $-202.6M | $886.5M | ||
| Q1 25 | $-205.0M | $861.1M | ||
| Q4 24 | $-114.2M | $858.4M | ||
| Q3 24 | $-105.1M | $845.5M | ||
| Q2 24 | $-346.8M | $822.7M | ||
| Q1 24 | $-257.2M | $813.0M |
| Q4 25 | $1.4B | $5.6B | ||
| Q3 25 | $1.2B | $5.6B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.2B | $999.2M | ||
| Q2 24 | $819.0M | $1.0B | ||
| Q1 24 | $866.7M | $980.3M |
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.03× | ||
| Q1 24 | — | 0.05× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $58.2M | $-45.1M |
| Free Cash FlowOCF − Capex | — | $-55.9M |
| FCF MarginFCF / Revenue | — | -11.8% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-240.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $58.2M | $-45.1M | ||
| Q3 25 | — | $-123.7M | ||
| Q2 25 | — | $-264.0K | ||
| Q1 25 | $-15.5M | $-25.8M | ||
| Q4 24 | $-330.7M | $-3.6M | ||
| Q3 24 | — | $28.4M | ||
| Q2 24 | — | $-11.7M | ||
| Q1 24 | $-109.7M | $52.6M |
| Q4 25 | — | $-55.9M | ||
| Q3 25 | — | $-146.5M | ||
| Q2 25 | — | $-8.8M | ||
| Q1 25 | — | $-29.6M | ||
| Q4 24 | — | $-8.7M | ||
| Q3 24 | — | $22.9M | ||
| Q2 24 | — | $-20.8M | ||
| Q1 24 | — | $48.8M |
| Q4 25 | — | -11.8% | ||
| Q3 25 | — | -32.2% | ||
| Q2 25 | — | -3.2% | ||
| Q1 25 | — | -17.7% | ||
| Q4 24 | — | -4.6% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | -10.5% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 4.6% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.48× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | — | -1.93× | ||
| Q1 24 | — | 3.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASND
Segment breakdown not available.
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
