vs
Side-by-side financial comparison of AeroVironment Inc (AVAV) and Barnes & Noble Education, Inc. (BNED). Click either name above to swap in a different company.
Barnes & Noble Education, Inc. is the larger business by last-quarter revenue ($598.2M vs $472.5M, roughly 1.3× AeroVironment Inc). Barnes & Noble Education, Inc. runs the higher net margin — 4.2% vs -3.6%, a 7.8% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 6.9%). Barnes & Noble Education, Inc. produced more free cash flow last quarter ($61.9M vs $-55.9M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 20.0%).
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...
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
AVAV vs BNED — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $598.2M |
| Net Profit | $-17.1M | $25.0M |
| Gross Margin | 22.0% | 21.7% |
| Operating Margin | -6.4% | 6.8% |
| Net Margin | -3.6% | 4.2% |
| Revenue YoY | 181.9% | 6.9% |
| Net Profit YoY | -875.1% | -49.7% |
| EPS (diluted) | $-0.34 | $0.72 |
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 | $598.2M | ||
| Q3 25 | $454.7M | $274.2M | ||
| Q2 25 | $275.1M | $233.0M | ||
| Q1 25 | $167.6M | $419.7M | ||
| Q4 24 | $188.5M | $559.7M | ||
| Q3 24 | $189.5M | $250.9M | ||
| Q2 24 | $197.0M | $192.7M | ||
| Q1 24 | $186.6M | $415.4M |
| Q4 25 | $-17.1M | $25.0M | ||
| Q3 25 | $-67.4M | $-18.3M | ||
| Q2 25 | $16.7M | $-23.0M | ||
| Q1 25 | $-1.8M | $17.9M | ||
| Q4 24 | $7.5M | $43.2M | ||
| Q3 24 | $21.2M | $-103.9M | ||
| Q2 24 | $6.0M | $-41.9M | ||
| Q1 24 | $13.9M | $-9.3M |
| Q4 25 | 22.0% | 21.7% | ||
| Q3 25 | 20.9% | 20.2% | ||
| Q2 25 | 36.5% | 30.3% | ||
| Q1 25 | 37.7% | 22.3% | ||
| Q4 24 | 39.1% | 23.0% | ||
| Q3 24 | 43.0% | 17.9% | ||
| Q2 24 | 38.4% | 28.7% | ||
| Q1 24 | 36.1% | 24.2% |
| Q4 25 | -6.4% | 6.8% | ||
| Q3 25 | -15.2% | -8.4% | ||
| Q2 25 | 5.0% | -4.9% | ||
| Q1 25 | -1.8% | 4.5% | ||
| Q4 24 | 3.7% | 8.4% | ||
| Q3 24 | 12.2% | -15.4% | ||
| Q2 24 | 3.0% | -16.3% | ||
| Q1 24 | 7.7% | 0.4% |
| Q4 25 | -3.6% | 4.2% | ||
| Q3 25 | -14.8% | -6.7% | ||
| Q2 25 | 6.1% | -9.9% | ||
| Q1 25 | -1.0% | 4.3% | ||
| Q4 24 | 4.0% | 7.7% | ||
| Q3 24 | 11.2% | -41.4% | ||
| Q2 24 | 3.1% | -21.7% | ||
| Q1 24 | 7.4% | -2.2% |
| Q4 25 | $-0.34 | $0.72 | ||
| Q3 25 | $-1.44 | $-0.54 | ||
| Q2 25 | $0.59 | $2.97 | ||
| Q1 25 | $-0.06 | $0.59 | ||
| Q4 24 | $0.27 | $1.63 | ||
| Q3 24 | $0.75 | $-7.69 | ||
| Q2 24 | $0.18 | $-15.68 | ||
| Q1 24 | $0.50 | $-3.49 |
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 | $11.7M |
| Total DebtLower is stronger | $747.5M | $122.5M |
| Stockholders' EquityBook value | $4.4B | $283.2M |
| Total Assets | $5.6B | $1.1B |
| Debt / EquityLower = less leverage | 0.17× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $11.7M | ||
| Q3 25 | $685.8M | $7.3M | ||
| Q2 25 | $40.9M | $9.1M | ||
| Q1 25 | $47.0M | $9.2M | ||
| Q4 24 | $69.0M | $11.6M | ||
| Q3 24 | $81.2M | $8.2M | ||
| Q2 24 | $73.3M | $10.5M | ||
| Q1 24 | $107.7M | $8.1M |
| Q4 25 | $747.5M | $122.5M | ||
| Q3 25 | $747.5M | $170.0M | ||
| Q2 25 | $30.0M | $103.1M | ||
| Q1 25 | $25.0M | $141.2M | ||
| Q4 24 | $15.0M | $177.6M | ||
| Q3 24 | $17.5M | $221.9M | ||
| Q2 24 | $28.0M | $196.3M | ||
| Q1 24 | $40.0M | $30.2M |
| Q4 25 | $4.4B | $283.2M | ||
| Q3 25 | $4.4B | $256.5M | ||
| Q2 25 | $886.5M | $272.2M | ||
| Q1 25 | $861.1M | $292.9M | ||
| Q4 24 | $858.4M | $211.4M | ||
| Q3 24 | $845.5M | $149.8M | ||
| Q2 24 | $822.7M | $80.4M | ||
| Q1 24 | $813.0M | $121.5M |
| Q4 25 | $5.6B | $1.1B | ||
| Q3 25 | $5.6B | $950.8M | ||
| Q2 25 | $1.1B | $790.3M | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $999.2M | $973.2M | ||
| Q2 24 | $1.0B | $909.9M | ||
| Q1 24 | $980.3M | $1.2B |
| Q4 25 | 0.17× | 0.43× | ||
| Q3 25 | 0.17× | 0.66× | ||
| Q2 25 | 0.03× | 0.38× | ||
| Q1 25 | 0.03× | 0.48× | ||
| Q4 24 | 0.02× | 0.84× | ||
| Q3 24 | 0.02× | 1.48× | ||
| Q2 24 | 0.03× | 2.44× | ||
| Q1 24 | 0.05× | 0.25× |
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 | $66.2M |
| Free Cash FlowOCF − Capex | $-55.9M | $61.9M |
| FCF MarginFCF / Revenue | -11.8% | 10.4% |
| Capex IntensityCapex / Revenue | 2.3% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $-4.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $66.2M | ||
| Q3 25 | $-123.7M | $-67.6M | ||
| Q2 25 | $-264.0K | $52.6M | ||
| Q1 25 | $-25.8M | $-41.9M | ||
| Q4 24 | $-3.6M | $47.4M | ||
| Q3 24 | $28.4M | $-143.5M | ||
| Q2 24 | $-11.7M | $81.7M | ||
| Q1 24 | $52.6M | $-35.8M |
| Q4 25 | $-55.9M | $61.9M | ||
| Q3 25 | $-146.5M | $-71.3M | ||
| Q2 25 | $-8.8M | $49.5M | ||
| Q1 25 | $-29.6M | $-44.7M | ||
| Q4 24 | $-8.7M | $44.4M | ||
| Q3 24 | $22.9M | $-147.5M | ||
| Q2 24 | $-20.8M | $79.1M | ||
| Q1 24 | $48.8M | $-39.0M |
| Q4 25 | -11.8% | 10.4% | ||
| Q3 25 | -32.2% | -26.0% | ||
| Q2 25 | -3.2% | 21.3% | ||
| Q1 25 | -17.7% | -10.7% | ||
| Q4 24 | -4.6% | 7.9% | ||
| Q3 24 | 12.1% | -58.8% | ||
| Q2 24 | -10.5% | 41.1% | ||
| Q1 24 | 26.1% | -9.4% |
| Q4 25 | 2.3% | 0.7% | ||
| Q3 25 | 5.0% | 1.4% | ||
| Q2 25 | 3.1% | 1.3% | ||
| Q1 25 | 2.3% | 0.7% | ||
| Q4 24 | 2.7% | 0.5% | ||
| Q3 24 | 2.9% | 1.6% | ||
| Q2 24 | 4.6% | 1.4% | ||
| Q1 24 | 2.0% | 0.8% |
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.02× | — | ||
| Q1 25 | — | -2.34× | ||
| Q4 24 | -0.48× | 1.10× | ||
| 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
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% |
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
