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Side-by-side financial comparison of AeroVironment Inc (AVAV) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $273.0M, roughly 1.7× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -3.6%, a 9.3% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 9.0%). AeroVironment Inc produced more free cash flow last quarter ($-55.9M vs $-157.1M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs -9.6%).
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...
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
AVAV vs FOR — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $273.0M |
| Net Profit | $-17.1M | $15.4M |
| Gross Margin | 22.0% | 20.1% |
| Operating Margin | -6.4% | 7.6% |
| Net Margin | -3.6% | 5.6% |
| Revenue YoY | 181.9% | 9.0% |
| Net Profit YoY | -875.1% | -6.7% |
| EPS (diluted) | $-0.34 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $454.7M | $670.5M | ||
| Q2 25 | $275.1M | $390.5M | ||
| Q1 25 | $167.6M | $351.0M | ||
| Q4 24 | $188.5M | $250.4M | ||
| Q3 24 | $189.5M | $551.3M | ||
| Q2 24 | $197.0M | $318.4M | ||
| Q1 24 | $186.6M | $333.8M |
| Q4 25 | $-17.1M | $15.4M | ||
| Q3 25 | $-67.4M | $86.9M | ||
| Q2 25 | $16.7M | $32.9M | ||
| Q1 25 | $-1.8M | $31.6M | ||
| Q4 24 | $7.5M | $16.5M | ||
| Q3 24 | $21.2M | $81.5M | ||
| Q2 24 | $6.0M | $38.7M | ||
| Q1 24 | $13.9M | $45.0M |
| Q4 25 | 22.0% | 20.1% | ||
| Q3 25 | 20.9% | 22.3% | ||
| Q2 25 | 36.5% | 20.4% | ||
| Q1 25 | 37.7% | 22.6% | ||
| Q4 24 | 39.1% | 22.0% | ||
| Q3 24 | 43.0% | 23.9% | ||
| Q2 24 | 38.4% | 22.5% | ||
| Q1 24 | 36.1% | 24.9% |
| Q4 25 | -6.4% | 7.6% | ||
| Q3 25 | -15.2% | 16.9% | ||
| Q2 25 | 5.0% | 11.2% | ||
| Q1 25 | -1.8% | 11.6% | ||
| Q4 24 | 3.7% | 8.7% | ||
| Q3 24 | 12.2% | 19.7% | ||
| Q2 24 | 3.0% | 16.2% | ||
| Q1 24 | 7.7% | 17.6% |
| Q4 25 | -3.6% | 5.6% | ||
| Q3 25 | -14.8% | 13.0% | ||
| Q2 25 | 6.1% | 8.4% | ||
| Q1 25 | -1.0% | 9.0% | ||
| Q4 24 | 4.0% | 6.6% | ||
| Q3 24 | 11.2% | 14.8% | ||
| Q2 24 | 3.1% | 12.2% | ||
| Q1 24 | 7.4% | 13.5% |
| Q4 25 | $-0.34 | $0.30 | ||
| Q3 25 | $-1.44 | $1.70 | ||
| Q2 25 | $0.59 | $0.65 | ||
| Q1 25 | $-0.06 | $0.62 | ||
| Q4 24 | $0.27 | $0.32 | ||
| Q3 24 | $0.75 | $1.59 | ||
| Q2 24 | $0.18 | $0.76 | ||
| Q1 24 | $0.50 | $0.89 |
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 | $211.7M |
| Total DebtLower is stronger | $747.5M | $793.2M |
| Stockholders' EquityBook value | $4.4B | $1.8B |
| Total Assets | $5.6B | $3.2B |
| Debt / EquityLower = less leverage | 0.17× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $211.7M | ||
| Q3 25 | $685.8M | $379.2M | ||
| Q2 25 | $40.9M | $189.2M | ||
| Q1 25 | $47.0M | $174.3M | ||
| Q4 24 | $69.0M | $132.0M | ||
| Q3 24 | $81.2M | $481.2M | ||
| Q2 24 | $73.3M | $359.2M | ||
| Q1 24 | $107.7M | $416.2M |
| Q4 25 | $747.5M | $793.2M | ||
| Q3 25 | $747.5M | $802.7M | ||
| Q2 25 | $30.0M | $872.8M | ||
| Q1 25 | $25.0M | $872.5M | ||
| Q4 24 | $15.0M | $806.8M | ||
| Q3 24 | $17.5M | $706.4M | ||
| Q2 24 | $28.0M | $706.1M | ||
| Q1 24 | $40.0M | $705.7M |
| Q4 25 | $4.4B | $1.8B | ||
| Q3 25 | $4.4B | $1.8B | ||
| Q2 25 | $886.5M | $1.7B | ||
| Q1 25 | $861.1M | $1.6B | ||
| Q4 24 | $858.4M | $1.6B | ||
| Q3 24 | $845.5M | $1.6B | ||
| Q2 24 | $822.7M | $1.5B | ||
| Q1 24 | $813.0M | $1.5B |
| Q4 25 | $5.6B | $3.2B | ||
| Q3 25 | $5.6B | $3.1B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $1.0B | $3.0B | ||
| Q4 24 | $1.0B | $3.0B | ||
| Q3 24 | $999.2M | $2.8B | ||
| Q2 24 | $1.0B | $2.7B | ||
| Q1 24 | $980.3M | $2.6B |
| Q4 25 | 0.17× | 0.44× | ||
| Q3 25 | 0.17× | 0.45× | ||
| Q2 25 | 0.03× | 0.52× | ||
| Q1 25 | 0.03× | 0.53× | ||
| Q4 24 | 0.02× | 0.50× | ||
| Q3 24 | 0.02× | 0.44× | ||
| Q2 24 | 0.03× | 0.47× | ||
| Q1 24 | 0.05× | 0.48× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | $-55.9M | $-157.1M |
| FCF MarginFCF / Revenue | -11.8% | -57.5% |
| Capex IntensityCapex / Revenue | 2.3% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $-157.0M | ||
| Q3 25 | $-123.7M | $256.3M | ||
| Q2 25 | $-264.0K | $15.8M | ||
| Q1 25 | $-25.8M | $-19.8M | ||
| Q4 24 | $-3.6M | $-450.0M | ||
| Q3 24 | $28.4M | $119.2M | ||
| Q2 24 | $-11.7M | $-61.7M | ||
| Q1 24 | $52.6M | $-59.2M |
| Q4 25 | $-55.9M | $-157.1M | ||
| Q3 25 | $-146.5M | $255.6M | ||
| Q2 25 | $-8.8M | $15.0M | ||
| Q1 25 | $-29.6M | $-20.5M | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $22.9M | $118.4M | ||
| Q2 24 | $-20.8M | $-62.3M | ||
| Q1 24 | $48.8M | $-59.8M |
| Q4 25 | -11.8% | -57.5% | ||
| Q3 25 | -32.2% | 38.1% | ||
| Q2 25 | -3.2% | 3.8% | ||
| Q1 25 | -17.7% | -5.8% | ||
| Q4 24 | -4.6% | — | ||
| Q3 24 | 12.1% | 21.5% | ||
| Q2 24 | -10.5% | -19.6% | ||
| Q1 24 | 26.1% | -17.9% |
| Q4 25 | 2.3% | 0.0% | ||
| Q3 25 | 5.0% | 0.1% | ||
| Q2 25 | 3.1% | 0.2% | ||
| Q1 25 | 2.3% | 0.2% | ||
| Q4 24 | 2.7% | 0.0% | ||
| Q3 24 | 2.9% | 0.1% | ||
| Q2 24 | 4.6% | 0.2% | ||
| Q1 24 | 2.0% | 0.2% |
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | -0.02× | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | -0.48× | -27.27× | ||
| Q3 24 | 1.34× | 1.46× | ||
| Q2 24 | -1.93× | -1.59× | ||
| Q1 24 | 3.79× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
