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Side-by-side financial comparison of AeroVironment Inc (AVAV) and BXP, Inc. (BXP). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $472.5M, roughly 1.8× AeroVironment Inc). BXP, Inc. runs the higher net margin — 15.3% vs -3.6%, a 18.9% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 0.8%). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 1.3%).
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...
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
AVAV vs BXP — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $872.1M |
| Net Profit | $-17.1M | $133.0M |
| Gross Margin | 22.0% | — |
| Operating Margin | -6.4% | — |
| Net Margin | -3.6% | 15.3% |
| Revenue YoY | 181.9% | 0.8% |
| Net Profit YoY | -875.1% | 53.0% |
| EPS (diluted) | $-0.34 | $1.69 |
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.
| Q1 26 | — | $872.1M | ||
| Q4 25 | $472.5M | $877.1M | ||
| Q3 25 | $454.7M | $871.5M | ||
| Q2 25 | $275.1M | $868.5M | ||
| Q1 25 | $167.6M | $865.2M | ||
| Q4 24 | $188.5M | $858.6M | ||
| Q3 24 | $189.5M | $859.2M | ||
| Q2 24 | $197.0M | $850.5M |
| Q1 26 | — | $133.0M | ||
| Q4 25 | $-17.1M | $248.4M | ||
| Q3 25 | $-67.4M | $-121.7M | ||
| Q2 25 | $16.7M | $89.0M | ||
| Q1 25 | $-1.8M | $61.2M | ||
| Q4 24 | $7.5M | $-228.9M | ||
| Q3 24 | $21.2M | $83.6M | ||
| Q2 24 | $6.0M | $79.6M |
| Q1 26 | — | — | ||
| Q4 25 | 22.0% | 58.8% | ||
| Q3 25 | 20.9% | 59.3% | ||
| Q2 25 | 36.5% | 59.2% | ||
| Q1 25 | 37.7% | 59.2% | ||
| Q4 24 | 39.1% | 59.7% | ||
| Q3 24 | 43.0% | 59.5% | ||
| Q2 24 | 38.4% | 59.8% |
| Q1 26 | — | — | ||
| Q4 25 | -6.4% | — | ||
| Q3 25 | -15.2% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 12.2% | — | ||
| Q2 24 | 3.0% | — |
| Q1 26 | — | 15.3% | ||
| Q4 25 | -3.6% | 28.3% | ||
| Q3 25 | -14.8% | -14.0% | ||
| Q2 25 | 6.1% | 10.2% | ||
| Q1 25 | -1.0% | 7.1% | ||
| Q4 24 | 4.0% | -26.7% | ||
| Q3 24 | 11.2% | 9.7% | ||
| Q2 24 | 3.1% | 9.4% |
| Q1 26 | — | $1.69 | ||
| Q4 25 | $-0.34 | $1.56 | ||
| Q3 25 | $-1.44 | $-0.77 | ||
| Q2 25 | $0.59 | $0.56 | ||
| Q1 25 | $-0.06 | $0.39 | ||
| Q4 24 | $0.27 | $-1.46 | ||
| Q3 24 | $0.75 | $0.53 | ||
| Q2 24 | $0.18 | $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 | $512.8M |
| Total DebtLower is stronger | $747.5M | — |
| Stockholders' EquityBook value | $4.4B | $7.7B |
| Total Assets | $5.6B | $25.1B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.8M | ||
| Q4 25 | $588.5M | $1.5B | ||
| Q3 25 | $685.8M | $861.1M | ||
| Q2 25 | $40.9M | $447.0M | ||
| Q1 25 | $47.0M | $398.1M | ||
| Q4 24 | $69.0M | $1.3B | ||
| Q3 24 | $81.2M | $1.4B | ||
| Q2 24 | $73.3M | $685.4M |
| Q1 26 | — | — | ||
| 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 26 | — | $7.7B | ||
| Q4 25 | $4.4B | $5.1B | ||
| Q3 25 | $4.4B | $5.0B | ||
| Q2 25 | $886.5M | $5.3B | ||
| Q1 25 | $861.1M | $5.3B | ||
| Q4 24 | $858.4M | $5.4B | ||
| Q3 24 | $845.5M | $5.8B | ||
| Q2 24 | $822.7M | $5.8B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $5.6B | $26.2B | ||
| Q3 25 | $5.6B | $26.0B | ||
| Q2 25 | $1.1B | $25.6B | ||
| Q1 25 | $1.0B | $25.4B | ||
| Q4 24 | $1.0B | $26.1B | ||
| Q3 24 | $999.2M | $26.4B | ||
| Q2 24 | $1.0B | $25.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $-55.9M | — |
| FCF MarginFCF / Revenue | -11.8% | — |
| Capex IntensityCapex / Revenue | 2.3% | 1.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-45.1M | $407.8M | ||
| Q3 25 | $-123.7M | $274.2M | ||
| Q2 25 | $-264.0K | $353.1M | ||
| Q1 25 | $-25.8M | $210.0M | ||
| Q4 24 | $-3.6M | $383.7M | ||
| Q3 24 | $28.4M | $286.1M | ||
| Q2 24 | $-11.7M | $367.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.9M | $362.7M | ||
| Q3 25 | $-146.5M | $231.6M | ||
| Q2 25 | $-8.8M | $281.5M | ||
| Q1 25 | $-29.6M | $152.6M | ||
| Q4 24 | $-8.7M | $312.5M | ||
| Q3 24 | $22.9M | $234.5M | ||
| Q2 24 | $-20.8M | $332.4M |
| Q1 26 | — | — | ||
| Q4 25 | -11.8% | 41.4% | ||
| Q3 25 | -32.2% | 26.6% | ||
| Q2 25 | -3.2% | 32.4% | ||
| Q1 25 | -17.7% | 17.6% | ||
| Q4 24 | -4.6% | 36.4% | ||
| Q3 24 | 12.1% | 27.3% | ||
| Q2 24 | -10.5% | 39.1% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 2.3% | 5.1% | ||
| Q3 25 | 5.0% | 4.9% | ||
| Q2 25 | 3.1% | 8.2% | ||
| Q1 25 | 2.3% | 6.6% | ||
| Q4 24 | 2.7% | 8.3% | ||
| Q3 24 | 2.9% | 6.0% | ||
| Q2 24 | 4.6% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.02× | 3.97× | ||
| Q1 25 | — | 3.43× | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | 3.42× | ||
| Q2 24 | -1.93× | 4.61× |
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% |
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
