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Side-by-side financial comparison of AeroVironment Inc (AVAV) and CIRRUS LOGIC, INC. (CRUS). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $448.5M, roughly 1.1× CIRRUS LOGIC, INC.). CIRRUS LOGIC, INC. runs the higher net margin — 18.2% vs -3.6%, a 21.9% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 5.7%). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 9.5%).
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...
Cirrus Logic Inc. is an American fabless semiconductor supplier that specializes in analog, mixed-signal, and audio DSP integrated circuits (ICs). Since 1998, the company's headquarters have been in Austin, Texas.
AVAV vs CRUS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $448.5M |
| Net Profit | $-17.1M | $81.8M |
| Gross Margin | 22.0% | 53.0% |
| Operating Margin | -6.4% | 20.1% |
| Net Margin | -3.6% | 18.2% |
| Revenue YoY | 181.9% | 5.7% |
| Net Profit YoY | -875.1% | 299.0% |
| EPS (diluted) | $-0.34 | $1.56 |
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 | — | $448.5M | ||
| Q4 25 | $472.5M | $580.6M | ||
| Q3 25 | $454.7M | $561.0M | ||
| Q2 25 | $275.1M | $407.3M | ||
| Q1 25 | $167.6M | $424.5M | ||
| Q4 24 | $188.5M | $555.7M | ||
| Q3 24 | $189.5M | $541.9M | ||
| Q2 24 | $197.0M | $374.0M |
| Q1 26 | — | $81.8M | ||
| Q4 25 | $-17.1M | $140.3M | ||
| Q3 25 | $-67.4M | $131.6M | ||
| Q2 25 | $16.7M | $60.7M | ||
| Q1 25 | $-1.8M | $71.3M | ||
| Q4 24 | $7.5M | $116.0M | ||
| Q3 24 | $21.2M | $102.1M | ||
| Q2 24 | $6.0M | $42.1M |
| Q1 26 | — | 53.0% | ||
| Q4 25 | 22.0% | 53.1% | ||
| Q3 25 | 20.9% | 52.5% | ||
| Q2 25 | 36.5% | 52.6% | ||
| Q1 25 | 37.7% | 53.4% | ||
| Q4 24 | 39.1% | 53.6% | ||
| Q3 24 | 43.0% | 52.2% | ||
| Q2 24 | 38.4% | 50.5% |
| Q1 26 | — | 20.1% | ||
| Q4 25 | -6.4% | 26.3% | ||
| Q3 25 | -15.2% | 25.8% | ||
| Q2 25 | 5.0% | 17.8% | ||
| Q1 25 | -1.8% | 20.2% | ||
| Q4 24 | 3.7% | 26.2% | ||
| Q3 24 | 12.2% | 24.3% | ||
| Q2 24 | 3.0% | 12.5% |
| Q1 26 | — | 18.2% | ||
| Q4 25 | -3.6% | 24.2% | ||
| Q3 25 | -14.8% | 23.5% | ||
| Q2 25 | 6.1% | 14.9% | ||
| Q1 25 | -1.0% | 16.8% | ||
| Q4 24 | 4.0% | 20.9% | ||
| Q3 24 | 11.2% | 18.8% | ||
| Q2 24 | 3.1% | 11.3% |
| Q1 26 | — | $1.56 | ||
| Q4 25 | $-0.34 | $2.66 | ||
| Q3 25 | $-1.44 | $2.48 | ||
| Q2 25 | $0.59 | $1.14 | ||
| Q1 25 | $-0.06 | $1.30 | ||
| Q4 24 | $0.27 | $2.11 | ||
| Q3 24 | $0.75 | $1.83 | ||
| Q2 24 | $0.18 | $0.76 |
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 | $800.9M |
| Total DebtLower is stronger | $747.5M | — |
| Stockholders' EquityBook value | $4.4B | $2.1B |
| Total Assets | $5.6B | $2.5B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $800.9M | ||
| Q4 25 | $588.5M | $778.1M | ||
| Q3 25 | $685.8M | $593.5M | ||
| Q2 25 | $40.9M | $548.9M | ||
| Q1 25 | $47.0M | $539.6M | ||
| Q4 24 | $69.0M | $526.4M | ||
| Q3 24 | $81.2M | $445.8M | ||
| Q2 24 | $73.3M | $491.4M |
| 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 | — | $2.1B | ||
| Q4 25 | $4.4B | $2.1B | ||
| Q3 25 | $4.4B | $2.0B | ||
| Q2 25 | $886.5M | $1.9B | ||
| Q1 25 | $861.1M | $1.9B | ||
| Q4 24 | $858.4M | $2.0B | ||
| Q3 24 | $845.5M | $1.9B | ||
| Q2 24 | $822.7M | $1.8B |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $5.6B | $2.5B | ||
| Q3 25 | $5.6B | $2.4B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $1.0B | $2.3B | ||
| Q4 24 | $1.0B | $2.4B | ||
| Q3 24 | $999.2M | $2.4B | ||
| Q2 24 | $1.0B | $2.3B |
| 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 | $151.4M |
| Free Cash FlowOCF − Capex | $-55.9M | — |
| FCF MarginFCF / Revenue | -11.8% | — |
| Capex IntensityCapex / Revenue | 2.3% | 3.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $151.4M | ||
| Q4 25 | $-45.1M | $290.8M | ||
| Q3 25 | $-123.7M | $92.2M | ||
| Q2 25 | $-264.0K | $116.1M | ||
| Q1 25 | $-25.8M | $130.4M | ||
| Q4 24 | $-3.6M | $218.6M | ||
| Q3 24 | $28.4M | $8.2M | ||
| Q2 24 | $-11.7M | $87.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.9M | $285.7M | ||
| Q3 25 | $-146.5M | $88.3M | ||
| Q2 25 | $-8.8M | $113.5M | ||
| Q1 25 | $-29.6M | $127.0M | ||
| Q4 24 | $-8.7M | $211.9M | ||
| Q3 24 | $22.9M | $5.6M | ||
| Q2 24 | $-20.8M | $77.2M |
| Q1 26 | — | — | ||
| Q4 25 | -11.8% | 49.2% | ||
| Q3 25 | -32.2% | 15.7% | ||
| Q2 25 | -3.2% | 27.9% | ||
| Q1 25 | -17.7% | 29.9% | ||
| Q4 24 | -4.6% | 38.1% | ||
| Q3 24 | 12.1% | 1.0% | ||
| Q2 24 | -10.5% | 20.6% |
| Q1 26 | — | 3.3% | ||
| Q4 25 | 2.3% | 0.9% | ||
| Q3 25 | 5.0% | 0.7% | ||
| Q2 25 | 3.1% | 0.6% | ||
| Q1 25 | 2.3% | 0.8% | ||
| Q4 24 | 2.7% | 1.2% | ||
| Q3 24 | 2.9% | 0.5% | ||
| Q2 24 | 4.6% | 2.7% |
| Q1 26 | — | 1.85× | ||
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | -0.02× | 1.91× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | -0.48× | 1.88× | ||
| Q3 24 | 1.34× | 0.08× | ||
| Q2 24 | -1.93× | 2.07× |
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% |
CRUS
| Audio | $257.2M | 57% |
| High-Performance Mixed-Signal | $191.3M | 43% |
