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Side-by-side financial comparison of AeroVironment Inc (AVAV) and Credo Technology Group Holding Ltd (CRDO). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $268.0M, roughly 1.8× Credo Technology Group Holding Ltd). Credo Technology Group Holding Ltd runs the higher net margin — 30.8% vs -3.6%, a 34.5% gap on every dollar of revenue. On growth, Credo Technology Group Holding Ltd posted the faster year-over-year revenue change (272.1% vs 181.9%). Credo Technology Group Holding Ltd produced more free cash flow last quarter ($38.5M vs $-55.9M). Over the past eight quarters, Credo Technology Group Holding Ltd's revenue compounded faster (124.8% 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...
Seiko Group is a corporate group composed of Seiko Group Corporation and its subsidiaries and affiliates. It used to be recognized as a corporate group consisting of three core companies Seiko Holdings Corp., Seiko Instruments Inc., and Seiko Epson Corp. The three companies were linked by a common thread of timepiece technology. Although Epson still develops and manufactures wristwatches for the Seiko Group, Epson and its subsidiaries are not considered part of the group.
AVAV vs CRDO — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $268.0M |
| Net Profit | $-17.1M | $82.6M |
| Gross Margin | 22.0% | 67.5% |
| Operating Margin | -6.4% | 29.4% |
| Net Margin | -3.6% | 30.8% |
| Revenue YoY | 181.9% | 272.1% |
| Net Profit YoY | -875.1% | 2055.9% |
| EPS (diluted) | $-0.34 | $0.44 |
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 | $268.0M | ||
| Q3 25 | $454.7M | $223.1M | ||
| Q2 25 | $275.1M | $170.0M | ||
| Q1 25 | $167.6M | $135.0M | ||
| Q4 24 | $188.5M | $72.0M | ||
| Q3 24 | $189.5M | $59.7M | ||
| Q2 24 | $197.0M | $60.8M | ||
| Q1 24 | $186.6M | $53.1M |
| Q4 25 | $-17.1M | $82.6M | ||
| Q3 25 | $-67.4M | $63.4M | ||
| Q2 25 | $16.7M | $36.6M | ||
| Q1 25 | $-1.8M | $29.4M | ||
| Q4 24 | $7.5M | $-4.2M | ||
| Q3 24 | $21.2M | $-9.5M | ||
| Q2 24 | $6.0M | $-10.5M | ||
| Q1 24 | $13.9M | $428.0K |
| Q4 25 | 22.0% | 67.5% | ||
| Q3 25 | 20.9% | 67.4% | ||
| Q2 25 | 36.5% | 67.2% | ||
| Q1 25 | 37.7% | 63.6% | ||
| Q4 24 | 39.1% | 63.2% | ||
| Q3 24 | 43.0% | 62.4% | ||
| Q2 24 | 38.4% | 65.8% | ||
| Q1 24 | 36.1% | 61.4% |
| Q4 25 | -6.4% | 29.4% | ||
| Q3 25 | -15.2% | 27.2% | ||
| Q2 25 | 5.0% | 19.9% | ||
| Q1 25 | -1.8% | 19.4% | ||
| Q4 24 | 3.7% | -11.7% | ||
| Q3 24 | 12.2% | -24.2% | ||
| Q2 24 | 3.0% | -13.0% | ||
| Q1 24 | 7.7% | -11.1% |
| Q4 25 | -3.6% | 30.8% | ||
| Q3 25 | -14.8% | 28.4% | ||
| Q2 25 | 6.1% | 21.5% | ||
| Q1 25 | -1.0% | 21.7% | ||
| Q4 24 | 4.0% | -5.9% | ||
| Q3 24 | 11.2% | -16.0% | ||
| Q2 24 | 3.1% | -17.2% | ||
| Q1 24 | 7.4% | 0.8% |
| Q4 25 | $-0.34 | $0.44 | ||
| Q3 25 | $-1.44 | $0.34 | ||
| Q2 25 | $0.59 | $0.22 | ||
| Q1 25 | $-0.06 | $0.16 | ||
| Q4 24 | $0.27 | $-0.03 | ||
| Q3 24 | $0.75 | $-0.06 | ||
| Q2 24 | $0.18 | $-0.06 | ||
| Q1 24 | $0.50 | $0.00 |
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 | $813.6M |
| Total DebtLower is stronger | $747.5M | — |
| Stockholders' EquityBook value | $4.4B | $1.3B |
| Total Assets | $5.6B | $1.4B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $813.6M | ||
| Q3 25 | $685.8M | $479.6M | ||
| Q2 25 | $40.9M | $431.3M | ||
| Q1 25 | $47.0M | $379.2M | ||
| Q4 24 | $69.0M | $383.0M | ||
| Q3 24 | $81.2M | $398.6M | ||
| Q2 24 | $73.3M | $410.0M | ||
| Q1 24 | $107.7M | $409.1M |
| 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 24 | $40.0M | — |
| Q4 25 | $4.4B | $1.3B | ||
| Q3 25 | $4.4B | $781.4M | ||
| Q2 25 | $886.5M | $681.6M | ||
| Q1 25 | $861.1M | $618.2M | ||
| Q4 24 | $858.4M | $567.9M | ||
| Q3 24 | $845.5M | $553.1M | ||
| Q2 24 | $822.7M | $540.2M | ||
| Q1 24 | $813.0M | $534.0M |
| Q4 25 | $5.6B | $1.4B | ||
| Q3 25 | $5.6B | $905.2M | ||
| Q2 25 | $1.1B | $809.3M | ||
| Q1 25 | $1.0B | $719.9M | ||
| Q4 24 | $1.0B | $638.6M | ||
| Q3 24 | $999.2M | $644.9M | ||
| Q2 24 | $1.0B | $601.9M | ||
| Q1 24 | $980.3M | $592.5M |
| 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× | — | ||
| Q1 24 | 0.05× | — |
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 | $61.7M |
| Free Cash FlowOCF − Capex | $-55.9M | $38.5M |
| FCF MarginFCF / Revenue | -11.8% | 14.4% |
| Capex IntensityCapex / Revenue | 2.3% | 8.7% |
| Cash ConversionOCF / Net Profit | — | 0.75× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $143.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $61.7M | ||
| Q3 25 | $-123.7M | $54.2M | ||
| Q2 25 | $-264.0K | $57.8M | ||
| Q1 25 | $-25.8M | $4.2M | ||
| Q4 24 | $-3.6M | $10.3M | ||
| Q3 24 | $28.4M | $-7.2M | ||
| Q2 24 | $-11.7M | $4.2M | ||
| Q1 24 | $52.6M | $-1.0M |
| Q4 25 | $-55.9M | $38.5M | ||
| Q3 25 | $-146.5M | $51.3M | ||
| Q2 25 | $-8.8M | $54.2M | ||
| Q1 25 | $-29.6M | $-383.0K | ||
| Q4 24 | $-8.7M | $-11.7M | ||
| Q3 24 | $22.9M | $-13.1M | ||
| Q2 24 | $-20.8M | $962.0K | ||
| Q1 24 | $48.8M | $-6.1M |
| Q4 25 | -11.8% | 14.4% | ||
| Q3 25 | -32.2% | 23.0% | ||
| Q2 25 | -3.2% | 31.9% | ||
| Q1 25 | -17.7% | -0.3% | ||
| Q4 24 | -4.6% | -16.2% | ||
| Q3 24 | 12.1% | -21.9% | ||
| Q2 24 | -10.5% | 1.6% | ||
| Q1 24 | 26.1% | -11.6% |
| Q4 25 | 2.3% | 8.7% | ||
| Q3 25 | 5.0% | 1.3% | ||
| Q2 25 | 3.1% | 2.1% | ||
| Q1 25 | 2.3% | 3.4% | ||
| Q4 24 | 2.7% | 30.5% | ||
| Q3 24 | 2.9% | 9.8% | ||
| Q2 24 | 4.6% | 5.3% | ||
| Q1 24 | 2.0% | 9.6% |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | -0.02× | 1.58× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | -1.93× | — | ||
| Q1 24 | 3.79× | -2.42× |
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% |
CRDO
| Other | $132.1M | 49% |
| HK | $104.4M | 39% |
| RESTOFTHEWORLD | $31.5M | 12% |
