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Side-by-side financial comparison of AeroVironment Inc (AVAV) and B&G Foods, Inc. (BGS). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $439.3M, roughly 1.1× B&G Foods, Inc.). AeroVironment Inc runs the higher net margin — -3.6% vs -4.4%, a 0.7% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs -4.7%). AeroVironment Inc produced more free cash flow last quarter ($-55.9M vs $-70.7M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs -12.8%).
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...
B&G Foods, Inc. is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.
AVAV vs BGS — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $439.3M |
| Net Profit | $-17.1M | $-19.1M |
| Gross Margin | 22.0% | 22.5% |
| Operating Margin | -6.4% | 2.5% |
| Net Margin | -3.6% | -4.4% |
| Revenue YoY | 181.9% | -4.7% |
| Net Profit YoY | -875.1% | -356.5% |
| EPS (diluted) | $-0.34 | $-0.24 |
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 | $472.5M | — | ||
| Q3 25 | $454.7M | $439.3M | ||
| Q2 25 | $275.1M | $424.4M | ||
| Q1 25 | $167.6M | $425.4M | ||
| Q4 24 | $188.5M | $551.6M | ||
| Q3 24 | $189.5M | $461.1M | ||
| Q2 24 | $197.0M | $444.6M | ||
| Q1 24 | $186.6M | $475.2M |
| Q4 25 | $-17.1M | — | ||
| Q3 25 | $-67.4M | $-19.1M | ||
| Q2 25 | $16.7M | $-9.8M | ||
| Q1 25 | $-1.8M | $835.0K | ||
| Q4 24 | $7.5M | $-222.4M | ||
| Q3 24 | $21.2M | $7.5M | ||
| Q2 24 | $6.0M | $3.9M | ||
| Q1 24 | $13.9M | $-40.2M |
| Q4 25 | 22.0% | — | ||
| Q3 25 | 20.9% | 22.5% | ||
| Q2 25 | 36.5% | 20.5% | ||
| Q1 25 | 37.7% | 21.2% | ||
| Q4 24 | 39.1% | 21.5% | ||
| Q3 24 | 43.0% | 22.2% | ||
| Q2 24 | 38.4% | 20.7% | ||
| Q1 24 | 36.1% | 22.9% |
| Q4 25 | -6.4% | — | ||
| Q3 25 | -15.2% | 2.5% | ||
| Q2 25 | 5.0% | 5.2% | ||
| Q1 25 | -1.8% | 8.4% | ||
| Q4 24 | 3.7% | -46.6% | ||
| Q3 24 | 12.2% | 11.1% | ||
| Q2 24 | 3.0% | 9.9% | ||
| Q1 24 | 7.7% | -3.3% |
| Q4 25 | -3.6% | — | ||
| Q3 25 | -14.8% | -4.4% | ||
| Q2 25 | 6.1% | -2.3% | ||
| Q1 25 | -1.0% | 0.2% | ||
| Q4 24 | 4.0% | -40.3% | ||
| Q3 24 | 11.2% | 1.6% | ||
| Q2 24 | 3.1% | 0.9% | ||
| Q1 24 | 7.4% | -8.5% |
| Q4 25 | $-0.34 | — | ||
| Q3 25 | $-1.44 | $-0.24 | ||
| Q2 25 | $0.59 | $-0.12 | ||
| Q1 25 | $-0.06 | $0.01 | ||
| Q4 24 | $0.27 | $-2.81 | ||
| Q3 24 | $0.75 | $0.09 | ||
| Q2 24 | $0.18 | $0.05 | ||
| Q1 24 | $0.50 | $-0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $588.5M | $60.9M |
| Total DebtLower is stronger | $747.5M | $2.0B |
| Stockholders' EquityBook value | $4.4B | $470.7M |
| Total Assets | $5.6B | $2.9B |
| Debt / EquityLower = less leverage | 0.17× | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | — | ||
| Q3 25 | $685.8M | $60.9M | ||
| Q2 25 | $40.9M | $54.1M | ||
| Q1 25 | $47.0M | $61.2M | ||
| Q4 24 | $69.0M | $50.6M | ||
| Q3 24 | $81.2M | $54.7M | ||
| Q2 24 | $73.3M | $40.3M | ||
| Q1 24 | $107.7M | $42.5M |
| Q4 25 | $747.5M | — | ||
| Q3 25 | $747.5M | $2.0B | ||
| Q2 25 | $30.0M | $2.0B | ||
| Q1 25 | $25.0M | $2.0B | ||
| Q4 24 | $15.0M | $2.0B | ||
| Q3 24 | $17.5M | $2.1B | ||
| Q2 24 | $28.0M | $2.0B | ||
| Q1 24 | $40.0M | $2.0B |
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | $470.7M | ||
| Q2 25 | $886.5M | $501.4M | ||
| Q1 25 | $861.1M | $513.1M | ||
| Q4 24 | $858.4M | $524.8M | ||
| Q3 24 | $845.5M | $755.3M | ||
| Q2 24 | $822.7M | $765.0M | ||
| Q1 24 | $813.0M | $781.2M |
| Q4 25 | $5.6B | — | ||
| Q3 25 | $5.6B | $2.9B | ||
| Q2 25 | $1.1B | $2.9B | ||
| Q1 25 | $1.0B | $3.0B | ||
| Q4 24 | $1.0B | $3.0B | ||
| Q3 24 | $999.2M | $3.4B | ||
| Q2 24 | $1.0B | $3.4B | ||
| Q1 24 | $980.3M | $3.4B |
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | 4.30× | ||
| Q2 25 | 0.03× | 3.97× | ||
| Q1 25 | 0.03× | 3.91× | ||
| Q4 24 | 0.02× | 3.85× | ||
| Q3 24 | 0.02× | 2.75× | ||
| Q2 24 | 0.03× | 2.67× | ||
| Q1 24 | 0.05× | 2.61× |
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 | $-45.1M | $-64.6M |
| Free Cash FlowOCF − Capex | $-55.9M | $-70.7M |
| FCF MarginFCF / Revenue | -11.8% | -16.1% |
| Capex IntensityCapex / Revenue | 2.3% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | — | ||
| Q3 25 | $-123.7M | $-64.6M | ||
| Q2 25 | $-264.0K | $17.8M | ||
| Q1 25 | $-25.8M | $52.7M | ||
| Q4 24 | $-3.6M | $80.3M | ||
| Q3 24 | $28.4M | $4.2M | ||
| Q2 24 | $-11.7M | $11.3M | ||
| Q1 24 | $52.6M | $35.1M |
| Q4 25 | $-55.9M | — | ||
| Q3 25 | $-146.5M | $-70.7M | ||
| Q2 25 | $-8.8M | $11.5M | ||
| Q1 25 | $-29.6M | $42.4M | ||
| Q4 24 | $-8.7M | $71.7M | ||
| Q3 24 | $22.9M | $-679.0K | ||
| Q2 24 | $-20.8M | $5.2M | ||
| Q1 24 | $48.8M | $27.5M |
| Q4 25 | -11.8% | — | ||
| Q3 25 | -32.2% | -16.1% | ||
| Q2 25 | -3.2% | 2.7% | ||
| Q1 25 | -17.7% | 10.0% | ||
| Q4 24 | -4.6% | 13.0% | ||
| Q3 24 | 12.1% | -0.1% | ||
| Q2 24 | -10.5% | 1.2% | ||
| Q1 24 | 26.1% | 5.8% |
| Q4 25 | 2.3% | — | ||
| Q3 25 | 5.0% | 1.4% | ||
| Q2 25 | 3.1% | 1.5% | ||
| Q1 25 | 2.3% | 2.4% | ||
| Q4 24 | 2.7% | 1.6% | ||
| Q3 24 | 2.9% | 1.0% | ||
| Q2 24 | 4.6% | 1.4% | ||
| Q1 24 | 2.0% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.02× | — | ||
| Q1 25 | — | 63.17× | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | 0.56× | ||
| Q2 24 | -1.93× | 2.87× | ||
| Q1 24 | 3.79× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
