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Side-by-side financial comparison of AeroVironment Inc (AVAV) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.
Howard Hughes Holdings Inc. is the larger business by last-quarter revenue ($624.4M vs $472.5M, roughly 1.3× AeroVironment Inc). Howard Hughes Holdings Inc. runs the higher net margin — 1.0% vs -3.6%, a 4.6% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $-55.9M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% 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...
Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.
AVAV vs HHH — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $624.4M |
| Net Profit | $-17.1M | $6.0M |
| Gross Margin | 22.0% | — |
| Operating Margin | -6.4% | 4.2% |
| Net Margin | -3.6% | 1.0% |
| Revenue YoY | 181.9% | -33.2% |
| Net Profit YoY | -875.1% | -96.2% |
| EPS (diluted) | $-0.34 | $0.20 |
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 | $624.4M | ||
| Q3 25 | $454.7M | $390.2M | ||
| Q2 25 | $275.1M | $260.9M | ||
| Q1 25 | $167.6M | $199.3M | ||
| Q4 24 | $188.5M | $935.0M | ||
| Q3 24 | $189.5M | $327.1M | ||
| Q2 24 | $197.0M | $317.4M | ||
| Q1 24 | $186.6M | $171.1M |
| Q4 25 | $-17.1M | $6.0M | ||
| Q3 25 | $-67.4M | $119.5M | ||
| Q2 25 | $16.7M | $-12.1M | ||
| Q1 25 | $-1.8M | $10.5M | ||
| Q4 24 | $7.5M | $156.3M | ||
| Q3 24 | $21.2M | $72.8M | ||
| Q2 24 | $6.0M | $21.1M | ||
| Q1 24 | $13.9M | $-52.5M |
| 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 24 | 36.1% | — |
| Q4 25 | -6.4% | 4.2% | ||
| Q3 25 | -15.2% | 48.6% | ||
| Q2 25 | 5.0% | 26.0% | ||
| Q1 25 | -1.8% | 24.0% | ||
| Q4 24 | 3.7% | 33.5% | ||
| Q3 24 | 12.2% | 60.6% | ||
| Q2 24 | 3.0% | 20.4% | ||
| Q1 24 | 7.7% | -9.8% |
| Q4 25 | -3.6% | 1.0% | ||
| Q3 25 | -14.8% | 30.6% | ||
| Q2 25 | 6.1% | -4.7% | ||
| Q1 25 | -1.0% | 5.3% | ||
| Q4 24 | 4.0% | 16.7% | ||
| Q3 24 | 11.2% | 22.2% | ||
| Q2 24 | 3.1% | 6.6% | ||
| Q1 24 | 7.4% | -30.7% |
| Q4 25 | $-0.34 | $0.20 | ||
| Q3 25 | $-1.44 | $2.02 | ||
| Q2 25 | $0.59 | $-0.22 | ||
| Q1 25 | $-0.06 | $0.21 | ||
| Q4 24 | $0.27 | $3.14 | ||
| Q3 24 | $0.75 | $1.46 | ||
| Q2 24 | $0.18 | $0.42 | ||
| Q1 24 | $0.50 | $-1.06 |
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 | $1.5B |
| Total DebtLower is stronger | $747.5M | $5.1B |
| Stockholders' EquityBook value | $4.4B | $3.8B |
| Total Assets | $5.6B | $10.6B |
| Debt / EquityLower = less leverage | 0.17× | 1.35× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $1.5B | ||
| Q3 25 | $685.8M | $1.5B | ||
| Q2 25 | $40.9M | $1.4B | ||
| Q1 25 | $47.0M | $493.7M | ||
| Q4 24 | $69.0M | $596.1M | ||
| Q3 24 | $81.2M | $400.7M | ||
| Q2 24 | $73.3M | $436.8M | ||
| Q1 24 | $107.7M | $462.7M |
| Q4 25 | $747.5M | $5.1B | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $30.0M | — | ||
| Q1 25 | $25.0M | — | ||
| Q4 24 | $15.0M | $5.1B | ||
| Q3 24 | $17.5M | — | ||
| Q2 24 | $28.0M | — | ||
| Q1 24 | $40.0M | — |
| Q4 25 | $4.4B | $3.8B | ||
| Q3 25 | $4.4B | $3.8B | ||
| Q2 25 | $886.5M | $3.6B | ||
| Q1 25 | $861.1M | $2.8B | ||
| Q4 24 | $858.4M | $2.8B | ||
| Q3 24 | $845.5M | $2.6B | ||
| Q2 24 | $822.7M | $3.0B | ||
| Q1 24 | $813.0M | $2.9B |
| Q4 25 | $5.6B | $10.6B | ||
| Q3 25 | $5.6B | $10.7B | ||
| Q2 25 | $1.1B | $10.3B | ||
| Q1 25 | $1.0B | $9.3B | ||
| Q4 24 | $1.0B | $9.2B | ||
| Q3 24 | $999.2M | $9.4B | ||
| Q2 24 | $1.0B | $9.9B | ||
| Q1 24 | $980.3M | $9.6B |
| Q4 25 | 0.17× | 1.35× | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.02× | 1.85× | ||
| 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 | $360.3M |
| Free Cash FlowOCF − Capex | $-55.9M | $348.6M |
| FCF MarginFCF / Revenue | -11.8% | 55.8% |
| Capex IntensityCapex / Revenue | 2.3% | 1.9% |
| Cash ConversionOCF / Net Profit | — | 60.04× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $417.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $360.3M | ||
| Q3 25 | $-123.7M | $149.8M | ||
| Q2 25 | $-264.0K | $177.3M | ||
| Q1 25 | $-25.8M | $-224.9M | ||
| Q4 24 | $-3.6M | $337.1M | ||
| Q3 24 | $28.4M | $248.3M | ||
| Q2 24 | $-11.7M | $-17.5M | ||
| Q1 24 | $52.6M | $-171.2M |
| Q4 25 | $-55.9M | $348.6M | ||
| Q3 25 | $-146.5M | $137.7M | ||
| Q2 25 | $-8.8M | $169.7M | ||
| Q1 25 | $-29.6M | $-238.4M | ||
| Q4 24 | $-8.7M | $317.1M | ||
| Q3 24 | $22.9M | $238.7M | ||
| Q2 24 | $-20.8M | $-25.1M | ||
| Q1 24 | $48.8M | $-182.0M |
| Q4 25 | -11.8% | 55.8% | ||
| Q3 25 | -32.2% | 35.3% | ||
| Q2 25 | -3.2% | 65.1% | ||
| Q1 25 | -17.7% | -119.6% | ||
| Q4 24 | -4.6% | 33.9% | ||
| Q3 24 | 12.1% | 73.0% | ||
| Q2 24 | -10.5% | -7.9% | ||
| Q1 24 | 26.1% | -106.4% |
| Q4 25 | 2.3% | 1.9% | ||
| Q3 25 | 5.0% | 3.1% | ||
| Q2 25 | 3.1% | 2.9% | ||
| Q1 25 | 2.3% | 6.8% | ||
| Q4 24 | 2.7% | 2.1% | ||
| Q3 24 | 2.9% | 2.9% | ||
| Q2 24 | 4.6% | 2.4% | ||
| Q1 24 | 2.0% | 6.3% |
| Q4 25 | — | 60.04× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | -0.02× | — | ||
| Q1 25 | — | -21.35× | ||
| Q4 24 | -0.48× | 2.16× | ||
| Q3 24 | 1.34× | 3.41× | ||
| Q2 24 | -1.93× | -0.83× | ||
| Q1 24 | 3.79× | — |
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% |
HHH
| Transferred At Point In Time | $499.8M | 80% |
| Operating Assets Segment | $117.9M | 19% |
| Builder Price Participation | $12.9M | 2% |
