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Side-by-side financial comparison of AeroVironment Inc (AVAV) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $420.0M, roughly 1.1× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -3.6%, a 60.6% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 6.3%). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 5.0%).
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...
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
AVAV vs GLPI — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $420.0M |
| Net Profit | $-17.1M | $239.4M |
| Gross Margin | 22.0% | — |
| Operating Margin | -6.4% | 79.4% |
| Net Margin | -3.6% | 57.0% |
| Revenue YoY | 181.9% | 6.3% |
| Net Profit YoY | -875.1% | 40.5% |
| EPS (diluted) | $-0.34 | — |
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 | — | $420.0M | ||
| Q4 25 | $472.5M | $407.0M | ||
| Q3 25 | $454.7M | $397.6M | ||
| Q2 25 | $275.1M | $394.9M | ||
| Q1 25 | $167.6M | $395.2M | ||
| Q4 24 | $188.5M | $389.6M | ||
| Q3 24 | $189.5M | $385.3M | ||
| Q2 24 | $197.0M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $-17.1M | $275.4M | ||
| Q3 25 | $-67.4M | $241.2M | ||
| Q2 25 | $16.7M | $151.4M | ||
| Q1 25 | $-1.8M | $165.2M | ||
| Q4 24 | $7.5M | $223.6M | ||
| Q3 24 | $21.2M | $184.7M | ||
| Q2 24 | $6.0M | $208.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 79.4% | ||
| Q4 25 | -6.4% | 89.3% | ||
| Q3 25 | -15.2% | 84.8% | ||
| Q2 25 | 5.0% | 61.3% | ||
| Q1 25 | -1.8% | 65.5% | ||
| Q4 24 | 3.7% | 79.1% | ||
| Q3 24 | 12.2% | 70.4% | ||
| Q2 24 | 3.0% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | -3.6% | 67.6% | ||
| Q3 25 | -14.8% | 60.7% | ||
| Q2 25 | 6.1% | 38.4% | ||
| Q1 25 | -1.0% | 41.8% | ||
| Q4 24 | 4.0% | 57.4% | ||
| Q3 24 | 11.2% | 47.9% | ||
| Q2 24 | 3.1% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.34 | $0.96 | ||
| Q3 25 | $-1.44 | $0.85 | ||
| Q2 25 | $0.59 | $0.54 | ||
| Q1 25 | $-0.06 | $0.60 | ||
| Q4 24 | $0.27 | $0.79 | ||
| Q3 24 | $0.75 | $0.67 | ||
| Q2 24 | $0.18 | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | $747.5M | — |
| Stockholders' EquityBook value | $4.4B | $5.0B |
| Total Assets | $5.6B | $13.8B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $588.5M | — | ||
| Q3 25 | $685.8M | — | ||
| Q2 25 | $40.9M | — | ||
| Q1 25 | $47.0M | — | ||
| Q4 24 | $69.0M | $560.8M | ||
| Q3 24 | $81.2M | $560.8M | ||
| Q2 24 | $73.3M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | $747.5M | $7.2B | ||
| Q3 25 | $747.5M | $7.2B | ||
| Q2 25 | $30.0M | $6.9B | ||
| Q1 25 | $25.0M | $6.9B | ||
| Q4 24 | $15.0M | $7.7B | ||
| Q3 24 | $17.5M | $7.4B | ||
| Q2 24 | $28.0M | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $4.4B | $4.6B | ||
| Q3 25 | $4.4B | $4.6B | ||
| Q2 25 | $886.5M | $4.6B | ||
| Q1 25 | $861.1M | $4.2B | ||
| Q4 24 | $858.4M | $4.3B | ||
| Q3 24 | $845.5M | $4.3B | ||
| Q2 24 | $822.7M | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $5.6B | $12.9B | ||
| Q3 25 | $5.6B | $12.8B | ||
| Q2 25 | $1.1B | $12.5B | ||
| Q1 25 | $1.0B | $12.1B | ||
| Q4 24 | $1.0B | $13.1B | ||
| Q3 24 | $999.2M | $12.7B | ||
| Q2 24 | $1.0B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.17× | 1.56× | ||
| Q3 25 | 0.17× | 1.57× | ||
| Q2 25 | 0.03× | 1.51× | ||
| Q1 25 | 0.03× | 1.63× | ||
| Q4 24 | 0.02× | 1.81× | ||
| Q3 24 | 0.02× | 1.74× | ||
| Q2 24 | 0.03× | 1.60× |
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 | — |
| Free Cash FlowOCF − Capex | $-55.9M | — |
| FCF MarginFCF / Revenue | -11.8% | — |
| Capex IntensityCapex / Revenue | 2.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-45.1M | $1.1B | ||
| Q3 25 | $-123.7M | $240.3M | ||
| Q2 25 | $-264.0K | $293.4M | ||
| Q1 25 | $-25.8M | $252.5M | ||
| Q4 24 | $-3.6M | $1.1B | ||
| Q3 24 | $28.4M | $270.4M | ||
| Q2 24 | $-11.7M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.9M | — | ||
| Q3 25 | $-146.5M | $183.0M | ||
| Q2 25 | $-8.8M | $272.3M | ||
| Q1 25 | $-29.6M | $239.6M | ||
| Q4 24 | $-8.7M | $1.1B | ||
| Q3 24 | $22.9M | $261.5M | ||
| Q2 24 | $-20.8M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | -11.8% | — | ||
| Q3 25 | -32.2% | 46.0% | ||
| Q2 25 | -3.2% | 69.0% | ||
| Q1 25 | -17.7% | 60.6% | ||
| Q4 24 | -4.6% | 275.3% | ||
| Q3 24 | 12.1% | 67.9% | ||
| Q2 24 | -10.5% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | — | ||
| Q3 25 | 5.0% | 14.4% | ||
| Q2 25 | 3.1% | 5.3% | ||
| Q1 25 | 2.3% | 3.3% | ||
| Q4 24 | 2.7% | 0.0% | ||
| Q3 24 | 2.9% | 2.3% | ||
| Q2 24 | 4.6% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.10× | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | -0.02× | 1.94× | ||
| Q1 25 | — | 1.53× | ||
| Q4 24 | -0.48× | 4.80× | ||
| Q3 24 | 1.34× | 1.46× | ||
| Q2 24 | -1.93× | 1.21× |
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% |
GLPI
Segment breakdown not available.
