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Side-by-side financial comparison of AeroVironment Inc (AVAV) and Hilltop Holdings Inc. (HTH). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $300.5M, roughly 1.6× Hilltop Holdings Inc.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs -3.6%, a 16.6% gap on every dollar of revenue. Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 0.6%).
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...
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
AVAV vs HTH — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $300.5M |
| Net Profit | $-17.1M | $39.0M |
| Gross Margin | 22.0% | — |
| Operating Margin | -6.4% | — |
| Net Margin | -3.6% | 13.0% |
| Revenue YoY | 181.9% | — |
| Net Profit YoY | -875.1% | -12.4% |
| EPS (diluted) | $-0.34 | $0.64 |
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 | — | $300.5M | ||
| Q4 25 | $472.5M | $329.9M | ||
| Q3 25 | $454.7M | $330.2M | ||
| Q2 25 | $275.1M | $303.3M | ||
| Q1 25 | $167.6M | $318.5M | ||
| Q4 24 | $188.5M | $301.1M | ||
| Q3 24 | $189.5M | $305.5M | ||
| Q2 24 | $197.0M | $297.0M |
| Q1 26 | — | $39.0M | ||
| Q4 25 | $-17.1M | $41.6M | ||
| Q3 25 | $-67.4M | $45.8M | ||
| Q2 25 | $16.7M | $36.1M | ||
| Q1 25 | $-1.8M | $42.1M | ||
| Q4 24 | $7.5M | $35.5M | ||
| Q3 24 | $21.2M | $29.7M | ||
| Q2 24 | $6.0M | $20.3M |
| 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 | — | — | ||
| Q4 25 | -6.4% | 16.1% | ||
| Q3 25 | -15.2% | 18.4% | ||
| Q2 25 | 5.0% | 16.3% | ||
| Q1 25 | -1.8% | 18.1% | ||
| Q4 24 | 3.7% | 14.7% | ||
| Q3 24 | 12.2% | 13.9% | ||
| Q2 24 | 3.0% | 10.0% |
| Q1 26 | — | 13.0% | ||
| Q4 25 | -3.6% | 12.6% | ||
| Q3 25 | -14.8% | 13.9% | ||
| Q2 25 | 6.1% | 11.9% | ||
| Q1 25 | -1.0% | 13.2% | ||
| Q4 24 | 4.0% | 11.8% | ||
| Q3 24 | 11.2% | 9.7% | ||
| Q2 24 | 3.1% | 6.8% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $-0.34 | $0.68 | ||
| Q3 25 | $-1.44 | $0.74 | ||
| Q2 25 | $0.59 | $0.57 | ||
| Q1 25 | $-0.06 | $0.65 | ||
| Q4 24 | $0.27 | $0.55 | ||
| Q3 24 | $0.75 | $0.46 | ||
| Q2 24 | $0.18 | $0.31 |
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 | — |
| Total DebtLower is stronger | $747.5M | $990.8M |
| Stockholders' EquityBook value | $4.4B | $2.2B |
| Total Assets | $5.6B | $15.7B |
| Debt / EquityLower = less leverage | 0.17× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $588.5M | — | ||
| Q3 25 | $685.8M | — | ||
| Q2 25 | $40.9M | — | ||
| Q1 25 | $47.0M | — | ||
| Q4 24 | $69.0M | — | ||
| Q3 24 | $81.2M | — | ||
| Q2 24 | $73.3M | — |
| Q1 26 | — | $990.8M | ||
| 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 | — | $2.2B | ||
| Q4 25 | $4.4B | $2.2B | ||
| Q3 25 | $4.4B | $2.2B | ||
| Q2 25 | $886.5M | $2.2B | ||
| Q1 25 | $861.1M | $2.2B | ||
| Q4 24 | $858.4M | $2.2B | ||
| Q3 24 | $845.5M | $2.2B | ||
| Q2 24 | $822.7M | $2.1B |
| Q1 26 | — | $15.7B | ||
| Q4 25 | $5.6B | $15.8B | ||
| Q3 25 | $5.6B | $15.6B | ||
| Q2 25 | $1.1B | $15.4B | ||
| Q1 25 | $1.0B | $15.8B | ||
| Q4 24 | $1.0B | $16.3B | ||
| Q3 24 | $999.2M | $15.9B | ||
| Q2 24 | $1.0B | $15.6B |
| Q1 26 | — | 0.46× | ||
| 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 | — |
| 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 | $-38.7M | ||
| Q3 25 | $-123.7M | $273.0M | ||
| Q2 25 | $-264.0K | $-234.6M | ||
| Q1 25 | $-25.8M | $5.8M | ||
| Q4 24 | $-3.6M | $273.9M | ||
| Q3 24 | $28.4M | $515.6M | ||
| Q2 24 | $-11.7M | $-435.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.9M | $-55.5M | ||
| Q3 25 | $-146.5M | $271.0M | ||
| Q2 25 | $-8.8M | $-234.6M | ||
| Q1 25 | $-29.6M | $5.0M | ||
| Q4 24 | $-8.7M | $266.8M | ||
| Q3 24 | $22.9M | $513.8M | ||
| Q2 24 | $-20.8M | $-437.3M |
| Q1 26 | — | — | ||
| Q4 25 | -11.8% | -16.8% | ||
| Q3 25 | -32.2% | 82.1% | ||
| Q2 25 | -3.2% | -77.4% | ||
| Q1 25 | -17.7% | 1.6% | ||
| Q4 24 | -4.6% | 88.6% | ||
| Q3 24 | 12.1% | 168.2% | ||
| Q2 24 | -10.5% | -147.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 5.1% | ||
| Q3 25 | 5.0% | 0.6% | ||
| Q2 25 | 3.1% | 0.0% | ||
| Q1 25 | 2.3% | 0.3% | ||
| Q4 24 | 2.7% | 2.4% | ||
| Q3 24 | 2.9% | 0.6% | ||
| Q2 24 | 4.6% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.93× | ||
| Q3 25 | — | 5.96× | ||
| Q2 25 | -0.02× | -6.50× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | -0.48× | 7.71× | ||
| Q3 24 | 1.34× | 17.36× | ||
| Q2 24 | -1.93× | -21.41× |
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% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
