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Side-by-side financial comparison of AeroVironment Inc (AVAV) and PATHWARD FINANCIAL, INC. (CASH). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $276.3M, roughly 1.7× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs -3.6%, a 30.0% gap on every dollar of revenue. Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 21.0%).
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...
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
AVAV vs CASH — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $276.3M |
| Net Profit | $-17.1M | $72.9M |
| Gross Margin | 22.0% | — |
| Operating Margin | -6.4% | — |
| Net Margin | -3.6% | 26.4% |
| Revenue YoY | 181.9% | — |
| Net Profit YoY | -875.1% | — |
| EPS (diluted) | $-0.34 | $3.35 |
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 | — | $276.3M | ||
| Q4 25 | $472.5M | $173.1M | ||
| Q3 25 | $454.7M | $186.7M | ||
| Q2 25 | $275.1M | $195.8M | ||
| Q1 25 | $167.6M | $274.8M | ||
| Q4 24 | $188.5M | $182.6M | ||
| Q3 24 | $189.5M | $179.5M | ||
| Q2 24 | $197.0M | $188.6M |
| Q1 26 | — | $72.9M | ||
| Q4 25 | $-17.1M | $35.2M | ||
| Q3 25 | $-67.4M | $38.8M | ||
| Q2 25 | $16.7M | $42.1M | ||
| Q1 25 | $-1.8M | $75.0M | ||
| Q4 24 | $7.5M | $30.0M | ||
| Q3 24 | $21.2M | $33.5M | ||
| Q2 24 | $6.0M | $44.9M |
| Q1 26 | — | — | ||
| Q4 25 | 22.0% | — | ||
| Q3 25 | 20.9% | — | ||
| Q2 25 | 36.5% | — | ||
| Q1 25 | 37.7% | — | ||
| Q4 24 | 39.1% | — | ||
| Q3 24 | 43.0% | — | ||
| Q2 24 | 38.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | -6.4% | 24.6% | ||
| Q3 25 | -15.2% | 25.9% | ||
| Q2 25 | 5.0% | 24.1% | ||
| Q1 25 | -1.8% | 33.2% | ||
| Q4 24 | 3.7% | 19.8% | ||
| Q3 24 | 12.2% | 20.9% | ||
| Q2 24 | 3.0% | 27.1% |
| Q1 26 | — | 26.4% | ||
| Q4 25 | -3.6% | 20.3% | ||
| Q3 25 | -14.8% | 20.8% | ||
| Q2 25 | 6.1% | 21.5% | ||
| Q1 25 | -1.0% | 27.3% | ||
| Q4 24 | 4.0% | 16.4% | ||
| Q3 24 | 11.2% | 18.7% | ||
| Q2 24 | 3.1% | 23.8% |
| Q1 26 | — | $3.35 | ||
| Q4 25 | $-0.34 | $1.57 | ||
| Q3 25 | $-1.44 | $1.69 | ||
| Q2 25 | $0.59 | $1.81 | ||
| Q1 25 | $-0.06 | $3.14 | ||
| Q4 24 | $0.27 | $1.23 | ||
| Q3 24 | $0.75 | $1.34 | ||
| Q2 24 | $0.18 | $1.78 |
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 | $157.6M |
| Total DebtLower is stronger | $747.5M | $59.5M |
| Stockholders' EquityBook value | $4.4B | $850.7M |
| Total Assets | $5.6B | $7.1B |
| Debt / EquityLower = less leverage | 0.17× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $157.6M | ||
| Q4 25 | $588.5M | $331.2M | ||
| Q3 25 | $685.8M | $120.6M | ||
| Q2 25 | $40.9M | $258.3M | ||
| Q1 25 | $47.0M | $254.2M | ||
| Q4 24 | $69.0M | $597.4M | ||
| Q3 24 | $81.2M | $158.3M | ||
| Q2 24 | $73.3M | $298.9M |
| Q1 26 | — | $59.5M | ||
| Q4 25 | $747.5M | $33.5M | ||
| Q3 25 | $747.5M | $33.5M | ||
| Q2 25 | $30.0M | $33.4M | ||
| Q1 25 | $25.0M | $33.4M | ||
| Q4 24 | $15.0M | $33.4M | ||
| Q3 24 | $17.5M | $33.4M | ||
| Q2 24 | $28.0M | $33.3M |
| Q1 26 | — | $850.7M | ||
| Q4 25 | $4.4B | $854.5M | ||
| Q3 25 | $4.4B | $858.0M | ||
| Q2 25 | $886.5M | $819.0M | ||
| Q1 25 | $861.1M | $814.7M | ||
| Q4 24 | $858.4M | $758.3M | ||
| Q3 24 | $845.5M | $822.5M | ||
| Q2 24 | $822.7M | $748.4M |
| Q1 26 | — | $7.1B | ||
| Q4 25 | $5.6B | $7.6B | ||
| Q3 25 | $5.6B | $7.2B | ||
| Q2 25 | $1.1B | $7.2B | ||
| Q1 25 | $1.0B | $7.0B | ||
| Q4 24 | $1.0B | $7.6B | ||
| Q3 24 | $999.2M | $7.5B | ||
| Q2 24 | $1.0B | $7.5B |
| Q1 26 | — | 0.07× | ||
| Q4 25 | 0.17× | 0.04× | ||
| Q3 25 | 0.17× | 0.04× | ||
| Q2 25 | 0.03× | 0.04× | ||
| Q1 25 | 0.03× | 0.04× | ||
| Q4 24 | 0.02× | 0.04× | ||
| Q3 24 | 0.02× | 0.04× | ||
| Q2 24 | 0.03× | 0.04× |
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% | — |
| 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 | $108.3M | ||
| Q3 25 | $-123.7M | $303.7M | ||
| Q2 25 | $-264.0K | $30.4M | ||
| Q1 25 | $-25.8M | $188.3M | ||
| Q4 24 | $-3.6M | $-71.7M | ||
| Q3 24 | $28.4M | $143.1M | ||
| Q2 24 | $-11.7M | $113.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.9M | $104.1M | ||
| Q3 25 | $-146.5M | $300.3M | ||
| Q2 25 | $-8.8M | $27.7M | ||
| Q1 25 | $-29.6M | $184.7M | ||
| Q4 24 | $-8.7M | $-73.8M | ||
| Q3 24 | $22.9M | $138.8M | ||
| Q2 24 | $-20.8M | $111.0M |
| Q1 26 | — | — | ||
| Q4 25 | -11.8% | 60.1% | ||
| Q3 25 | -32.2% | 160.9% | ||
| Q2 25 | -3.2% | 14.1% | ||
| Q1 25 | -17.7% | 67.2% | ||
| Q4 24 | -4.6% | -40.4% | ||
| Q3 24 | 12.1% | 77.3% | ||
| Q2 24 | -10.5% | 58.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 2.4% | ||
| Q3 25 | 5.0% | 1.8% | ||
| Q2 25 | 3.1% | 1.4% | ||
| Q1 25 | 2.3% | 1.3% | ||
| Q4 24 | 2.7% | 1.1% | ||
| Q3 24 | 2.9% | 2.4% | ||
| Q2 24 | 4.6% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.08× | ||
| Q3 25 | — | 7.83× | ||
| Q2 25 | -0.02× | 0.72× | ||
| Q1 25 | — | 2.51× | ||
| Q4 24 | -0.48× | -2.39× | ||
| Q3 24 | 1.34× | 4.27× | ||
| Q2 24 | -1.93× | 2.52× |
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% |
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
