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Side-by-side financial comparison of AeroVironment Inc (AVAV) and COMERICA INC (CMA). Click either name above to swap in a different company.

COMERICA INC is the larger business by last-quarter revenue ($838.0M vs $472.5M, roughly 1.8× AeroVironment Inc). COMERICA INC runs the higher net margin — 21.0% vs -3.6%, a 24.6% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 59.1%).

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...

Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.

AVAV vs CMA — Head-to-Head

Bigger by revenue
CMA
CMA
1.8× larger
CMA
$838.0M
$472.5M
AVAV
Growing faster (revenue YoY)
AVAV
AVAV
+178.5% gap
AVAV
181.9%
3.3%
CMA
Higher net margin
CMA
CMA
24.6% more per $
CMA
21.0%
-3.6%
AVAV
Faster 2-yr revenue CAGR
CMA
CMA
Annualised
CMA
108.9%
59.1%
AVAV

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
AVAV
AVAV
CMA
CMA
Revenue
$472.5M
$838.0M
Net Profit
$-17.1M
$176.0M
Gross Margin
22.0%
Operating Margin
-6.4%
Net Margin
-3.6%
21.0%
Revenue YoY
181.9%
3.3%
Net Profit YoY
-875.1%
-4.3%
EPS (diluted)
$-0.34
$1.35

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.

Revenue
AVAV
AVAV
CMA
CMA
Q4 25
$472.5M
Q3 25
$454.7M
$838.0M
Q2 25
$275.1M
$849.0M
Q1 25
$167.6M
$829.0M
Q4 24
$188.5M
$825.0M
Q3 24
$189.5M
$811.0M
Q2 24
$197.0M
$824.0M
Q1 24
$186.6M
$784.0M
Net Profit
AVAV
AVAV
CMA
CMA
Q4 25
$-17.1M
Q3 25
$-67.4M
$176.0M
Q2 25
$16.7M
$199.0M
Q1 25
$-1.8M
$172.0M
Q4 24
$7.5M
$170.0M
Q3 24
$21.2M
$184.0M
Q2 24
$6.0M
$206.0M
Q1 24
$13.9M
$138.0M
Gross Margin
AVAV
AVAV
CMA
CMA
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 24
36.1%
Operating Margin
AVAV
AVAV
CMA
CMA
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 24
7.7%
Net Margin
AVAV
AVAV
CMA
CMA
Q4 25
-3.6%
Q3 25
-14.8%
21.0%
Q2 25
6.1%
23.4%
Q1 25
-1.0%
20.7%
Q4 24
4.0%
20.6%
Q3 24
11.2%
22.7%
Q2 24
3.1%
25.0%
Q1 24
7.4%
17.6%
EPS (diluted)
AVAV
AVAV
CMA
CMA
Q4 25
$-0.34
Q3 25
$-1.44
$1.35
Q2 25
$0.59
$1.42
Q1 25
$-0.06
$1.25
Q4 24
$0.27
$1.22
Q3 24
$0.75
$1.33
Q2 24
$0.18
$1.49
Q1 24
$0.50
$0.98

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVAV
AVAV
CMA
CMA
Cash + ST InvestmentsLiquidity on hand
$588.5M
Total DebtLower is stronger
$747.5M
$5.4B
Stockholders' EquityBook value
$4.4B
$7.4B
Total Assets
$5.6B
$77.4B
Debt / EquityLower = less leverage
0.17×
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVAV
AVAV
CMA
CMA
Q4 25
$588.5M
Q3 25
$685.8M
Q2 25
$40.9M
Q1 25
$47.0M
Q4 24
$69.0M
Q3 24
$81.2M
Q2 24
$73.3M
Q1 24
$107.7M
Total Debt
AVAV
AVAV
CMA
CMA
Q4 25
$747.5M
Q3 25
$747.5M
$5.4B
Q2 25
$30.0M
$5.8B
Q1 25
$25.0M
$5.7B
Q4 24
$15.0M
$6.7B
Q3 24
$17.5M
$6.8B
Q2 24
$28.0M
$7.1B
Q1 24
$40.0M
$7.1B
Stockholders' Equity
AVAV
AVAV
CMA
CMA
Q4 25
$4.4B
Q3 25
$4.4B
$7.4B
Q2 25
$886.5M
$6.9B
Q1 25
$861.1M
$7.1B
Q4 24
$858.4M
$6.5B
Q3 24
$845.5M
$7.4B
Q2 24
$822.7M
$6.2B
Q1 24
$813.0M
$6.0B
Total Assets
AVAV
AVAV
CMA
CMA
Q4 25
$5.6B
Q3 25
$5.6B
$77.4B
Q2 25
$1.1B
$78.0B
Q1 25
$1.0B
$77.6B
Q4 24
$1.0B
$79.3B
Q3 24
$999.2M
$79.7B
Q2 24
$1.0B
$79.6B
Q1 24
$980.3M
$79.4B
Debt / Equity
AVAV
AVAV
CMA
CMA
Q4 25
0.17×
Q3 25
0.17×
0.73×
Q2 25
0.03×
0.84×
Q1 25
0.03×
0.81×
Q4 24
0.02×
1.02×
Q3 24
0.02×
0.92×
Q2 24
0.03×
1.15×
Q1 24
0.05×
1.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVAV
AVAV
CMA
CMA
Operating Cash FlowLast quarter
$-45.1M
$-270.0M
Free Cash FlowOCF − Capex
$-55.9M
FCF MarginFCF / Revenue
-11.8%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
-1.53×
TTM Free Cash FlowTrailing 4 quarters
$-240.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVAV
AVAV
CMA
CMA
Q4 25
$-45.1M
Q3 25
$-123.7M
$-270.0M
Q2 25
$-264.0K
$476.0M
Q1 25
$-25.8M
$273.0M
Q4 24
$-3.6M
$601.0M
Q3 24
$28.4M
$1.0B
Q2 24
$-11.7M
$111.0M
Q1 24
$52.6M
$-205.0M
Free Cash Flow
AVAV
AVAV
CMA
CMA
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
FCF Margin
AVAV
AVAV
CMA
CMA
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%
Capex Intensity
AVAV
AVAV
CMA
CMA
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%
Cash Conversion
AVAV
AVAV
CMA
CMA
Q4 25
Q3 25
-1.53×
Q2 25
-0.02×
2.39×
Q1 25
1.59×
Q4 24
-0.48×
3.54×
Q3 24
1.34×
5.70×
Q2 24
-1.93×
0.54×
Q1 24
3.79×
-1.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVAV
AVAV

Services$130.2M28%
Cost Plus$95.8M20%
Uncrewed Aircraft Systems$89.8M19%
Space And Directed Energy$53.2M11%
Non U.s.Government$42.2M9%
TM$31.9M7%
Other$30.7M7%

CMA
CMA

Segment breakdown not available.

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