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Side-by-side financial comparison of AeroVironment Inc (AVAV) and F5, Inc. (FFIV). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $472.5M, roughly 1.7× AeroVironment Inc). F5, 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 11.0%). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 8.0%).
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...
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
AVAV vs FFIV — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $811.7M |
| Net Profit | $-17.1M | $148.0M |
| Gross Margin | 22.0% | 81.4% |
| Operating Margin | -6.4% | 22.1% |
| Net Margin | -3.6% | 18.2% |
| Revenue YoY | 181.9% | 11.0% |
| Net Profit YoY | -875.1% | 1.5% |
| EPS (diluted) | $-0.34 | $2.58 |
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 | — | $811.7M | ||
| Q4 25 | $472.5M | $822.5M | ||
| Q3 25 | $454.7M | $810.1M | ||
| Q2 25 | $275.1M | $780.4M | ||
| Q1 25 | $167.6M | $731.1M | ||
| Q4 24 | $188.5M | $766.5M | ||
| Q3 24 | $189.5M | $746.7M | ||
| Q2 24 | $197.0M | $695.5M |
| Q1 26 | — | $148.0M | ||
| Q4 25 | $-17.1M | $180.1M | ||
| Q3 25 | $-67.4M | $190.5M | ||
| Q2 25 | $16.7M | $189.9M | ||
| Q1 25 | $-1.8M | $145.5M | ||
| Q4 24 | $7.5M | $166.4M | ||
| Q3 24 | $21.2M | $165.3M | ||
| Q2 24 | $6.0M | $144.1M |
| Q1 26 | — | 81.4% | ||
| Q4 25 | 22.0% | 81.5% | ||
| Q3 25 | 20.9% | 82.2% | ||
| Q2 25 | 36.5% | 81.0% | ||
| Q1 25 | 37.7% | 80.7% | ||
| Q4 24 | 39.1% | 81.7% | ||
| Q3 24 | 43.0% | 80.8% | ||
| Q2 24 | 38.4% | 80.4% |
| Q1 26 | — | 22.1% | ||
| Q4 25 | -6.4% | 26.0% | ||
| Q3 25 | -15.2% | 25.4% | ||
| Q2 25 | 5.0% | 25.2% | ||
| Q1 25 | -1.8% | 21.7% | ||
| Q4 24 | 3.7% | 26.8% | ||
| Q3 24 | 12.2% | 25.6% | ||
| Q2 24 | 3.0% | 23.4% |
| Q1 26 | — | 18.2% | ||
| Q4 25 | -3.6% | 21.9% | ||
| Q3 25 | -14.8% | 23.5% | ||
| Q2 25 | 6.1% | 24.3% | ||
| Q1 25 | -1.0% | 19.9% | ||
| Q4 24 | 4.0% | 21.7% | ||
| Q3 24 | 11.2% | 22.1% | ||
| Q2 24 | 3.1% | 20.7% |
| Q1 26 | — | $2.58 | ||
| Q4 25 | $-0.34 | $3.10 | ||
| Q3 25 | $-1.44 | $3.25 | ||
| Q2 25 | $0.59 | $3.25 | ||
| Q1 25 | $-0.06 | $2.48 | ||
| Q4 24 | $0.27 | $2.82 | ||
| Q3 24 | $0.75 | $2.79 | ||
| Q2 24 | $0.18 | $2.44 |
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 | $1.4B |
| Total DebtLower is stronger | $747.5M | — |
| Stockholders' EquityBook value | $4.4B | $3.6B |
| Total Assets | $5.6B | $6.5B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $588.5M | $1.2B | ||
| Q3 25 | $685.8M | $1.3B | ||
| Q2 25 | $40.9M | $1.4B | ||
| Q1 25 | $47.0M | $1.3B | ||
| Q4 24 | $69.0M | $1.2B | ||
| Q3 24 | $81.2M | $1.1B | ||
| Q2 24 | $73.3M | $935.6M |
| 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 | — | $3.6B | ||
| Q4 25 | $4.4B | $3.5B | ||
| Q3 25 | $4.4B | $3.6B | ||
| Q2 25 | $886.5M | $3.5B | ||
| Q1 25 | $861.1M | $3.3B | ||
| Q4 24 | $858.4M | $3.2B | ||
| Q3 24 | $845.5M | $3.1B | ||
| Q2 24 | $822.7M | $3.0B |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $5.6B | $6.3B | ||
| Q3 25 | $5.6B | $6.3B | ||
| Q2 25 | $1.1B | $6.1B | ||
| Q1 25 | $1.0B | $5.9B | ||
| Q4 24 | $1.0B | $5.9B | ||
| Q3 24 | $999.2M | $5.6B | ||
| Q2 24 | $1.0B | $5.4B |
| 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 | $525.1M |
| Free Cash FlowOCF − Capex | $-55.9M | — |
| FCF MarginFCF / Revenue | -11.8% | — |
| Capex IntensityCapex / Revenue | 2.3% | — |
| Cash ConversionOCF / Net Profit | — | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $525.1M | ||
| Q4 25 | $-45.1M | $159.2M | ||
| Q3 25 | $-123.7M | $208.1M | ||
| Q2 25 | $-264.0K | $282.2M | ||
| Q1 25 | $-25.8M | $256.6M | ||
| Q4 24 | $-3.6M | $202.8M | ||
| Q3 24 | $28.4M | $246.5M | ||
| Q2 24 | $-11.7M | $159.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.9M | $149.5M | ||
| Q3 25 | $-146.5M | $191.9M | ||
| Q2 25 | $-8.8M | $273.7M | ||
| Q1 25 | $-29.6M | $246.1M | ||
| Q4 24 | $-8.7M | $194.7M | ||
| Q3 24 | $22.9M | $240.4M | ||
| Q2 24 | $-20.8M | $153.1M |
| Q1 26 | — | — | ||
| Q4 25 | -11.8% | 18.2% | ||
| Q3 25 | -32.2% | 23.7% | ||
| Q2 25 | -3.2% | 35.1% | ||
| Q1 25 | -17.7% | 33.7% | ||
| Q4 24 | -4.6% | 25.4% | ||
| Q3 24 | 12.1% | 32.2% | ||
| Q2 24 | -10.5% | 22.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 1.2% | ||
| Q3 25 | 5.0% | 2.0% | ||
| Q2 25 | 3.1% | 1.1% | ||
| Q1 25 | 2.3% | 1.4% | ||
| Q4 24 | 2.7% | 1.1% | ||
| Q3 24 | 2.9% | 0.8% | ||
| Q2 24 | 4.6% | 0.8% |
| Q1 26 | — | 3.55× | ||
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | -0.02× | 1.49× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | -0.48× | 1.22× | ||
| Q3 24 | 1.34× | 1.49× | ||
| Q2 24 | -1.93× | 1.10× |
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% |
FFIV
Segment breakdown not available.
