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Side-by-side financial comparison of AeroVironment Inc (AVAV) and JBT Marel Corp (JBTM). Click either name above to swap in a different company.
JBT Marel Corp is the larger business by last-quarter revenue ($1.0B vs $472.5M, roughly 2.1× AeroVironment Inc). JBT Marel Corp runs the higher net margin — 5.3% vs -3.6%, a 8.9% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 115.6%). JBT Marel Corp produced more free cash flow last quarter ($83.5M vs $-55.9M). Over the past eight quarters, JBT Marel Corp's revenue compounded faster (60.3% 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...
JBT Marel Corporation, formerly known as JBT Corporation, or John Bean Technologies Corporation, is a food processing machinery and automated vehicle company. The company was incorporated in 2008 when FMC Technologies divested its non-energy businesses. The company is based in Chicago, Illinois and traces its history back to a company founded in 1884 by John Bean, an orchardist in Los Gatos, California.
AVAV vs JBTM — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $1.0B |
| Net Profit | $-17.1M | $53.1M |
| Gross Margin | 22.0% | 34.5% |
| Operating Margin | -6.4% | 7.2% |
| Net Margin | -3.6% | 5.3% |
| Revenue YoY | 181.9% | 115.6% |
| Net Profit YoY | -875.1% | 858.6% |
| EPS (diluted) | $-0.34 | $1.04 |
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 | $1.0B | ||
| Q3 25 | $454.7M | $1.0B | ||
| Q2 25 | $275.1M | $934.8M | ||
| Q1 25 | $167.6M | $854.1M | ||
| Q4 24 | $188.5M | $467.6M | ||
| Q3 24 | $189.5M | $453.8M | ||
| Q2 24 | $197.0M | $402.3M | ||
| Q1 24 | $186.6M | $392.3M |
| Q4 25 | $-17.1M | $53.1M | ||
| Q3 25 | $-67.4M | $66.0M | ||
| Q2 25 | $16.7M | $3.4M | ||
| Q1 25 | $-1.8M | $-173.0M | ||
| Q4 24 | $7.5M | $-7.0M | ||
| Q3 24 | $21.2M | $38.9M | ||
| Q2 24 | $6.0M | $30.7M | ||
| Q1 24 | $13.9M | $22.8M |
| Q4 25 | 22.0% | 34.5% | ||
| Q3 25 | 20.9% | 35.9% | ||
| Q2 25 | 36.5% | 35.8% | ||
| Q1 25 | 37.7% | 34.2% | ||
| Q4 24 | 39.1% | 38.4% | ||
| Q3 24 | 43.0% | 36.1% | ||
| Q2 24 | 38.4% | 35.6% | ||
| Q1 24 | 36.1% | 35.8% |
| Q4 25 | -6.4% | 7.2% | ||
| Q3 25 | -15.2% | 10.2% | ||
| Q2 25 | 5.0% | 5.2% | ||
| Q1 25 | -1.8% | -3.9% | ||
| Q4 24 | 3.7% | 3.4% | ||
| Q3 24 | 12.2% | 10.3% | ||
| Q2 24 | 3.0% | 6.7% | ||
| Q1 24 | 7.7% | 7.4% |
| Q4 25 | -3.6% | 5.3% | ||
| Q3 25 | -14.8% | 6.6% | ||
| Q2 25 | 6.1% | 0.4% | ||
| Q1 25 | -1.0% | -20.3% | ||
| Q4 24 | 4.0% | -1.5% | ||
| Q3 24 | 11.2% | 8.6% | ||
| Q2 24 | 3.1% | 7.6% | ||
| Q1 24 | 7.4% | 5.8% |
| Q4 25 | $-0.34 | $1.04 | ||
| Q3 25 | $-1.44 | $1.26 | ||
| Q2 25 | $0.59 | $0.07 | ||
| Q1 25 | $-0.06 | $-3.35 | ||
| Q4 24 | $0.27 | $-0.22 | ||
| Q3 24 | $0.75 | $1.21 | ||
| Q2 24 | $0.18 | $0.95 | ||
| Q1 24 | $0.50 | $0.71 |
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 | $167.9M |
| Total DebtLower is stronger | $747.5M | $1.5B |
| Stockholders' EquityBook value | $4.4B | $4.5B |
| Total Assets | $5.6B | $8.2B |
| Debt / EquityLower = less leverage | 0.17× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $167.9M | ||
| Q3 25 | $685.8M | — | ||
| Q2 25 | $40.9M | — | ||
| Q1 25 | $47.0M | — | ||
| Q4 24 | $69.0M | $1.2B | ||
| Q3 24 | $81.2M | — | ||
| Q2 24 | $73.3M | — | ||
| Q1 24 | $107.7M | — |
| Q4 25 | $747.5M | $1.5B | ||
| Q3 25 | $747.5M | $1.5B | ||
| Q2 25 | $30.0M | $1.5B | ||
| Q1 25 | $25.0M | $2.0B | ||
| Q4 24 | $15.0M | $1.3B | ||
| Q3 24 | $17.5M | $648.3M | ||
| Q2 24 | $28.0M | $647.7M | ||
| Q1 24 | $40.0M | $647.0M |
| Q4 25 | $4.4B | $4.5B | ||
| Q3 25 | $4.4B | $4.4B | ||
| Q2 25 | $886.5M | $4.4B | ||
| Q1 25 | $861.1M | $4.1B | ||
| Q4 24 | $858.4M | $1.5B | ||
| Q3 24 | $845.5M | $1.6B | ||
| Q2 24 | $822.7M | $1.5B | ||
| Q1 24 | $813.0M | $1.5B |
| Q4 25 | $5.6B | $8.2B | ||
| Q3 25 | $5.6B | $8.2B | ||
| Q2 25 | $1.1B | $8.3B | ||
| Q1 25 | $1.0B | $8.0B | ||
| Q4 24 | $1.0B | $3.4B | ||
| Q3 24 | $999.2M | $2.8B | ||
| Q2 24 | $1.0B | $2.7B | ||
| Q1 24 | $980.3M | $2.7B |
| Q4 25 | 0.17× | 0.33× | ||
| Q3 25 | 0.17× | 0.34× | ||
| Q2 25 | 0.03× | 0.35× | ||
| Q1 25 | 0.03× | 0.48× | ||
| Q4 24 | 0.02× | 0.81× | ||
| Q3 24 | 0.02× | 0.41× | ||
| Q2 24 | 0.03× | 0.43× | ||
| Q1 24 | 0.05× | 0.43× |
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 | $117.4M |
| Free Cash FlowOCF − Capex | $-55.9M | $83.5M |
| FCF MarginFCF / Revenue | -11.8% | 8.3% |
| Capex IntensityCapex / Revenue | 2.3% | 3.4% |
| Cash ConversionOCF / Net Profit | — | 2.21× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $117.4M | ||
| Q3 25 | $-123.7M | $87.7M | ||
| Q2 25 | $-264.0K | $102.2M | ||
| Q1 25 | $-25.8M | $34.4M | ||
| Q4 24 | $-3.6M | $128.7M | ||
| Q3 24 | $28.4M | $71.9M | ||
| Q2 24 | $-11.7M | $21.6M | ||
| Q1 24 | $52.6M | $10.4M |
| Q4 25 | $-55.9M | $83.5M | ||
| Q3 25 | $-146.5M | $56.5M | ||
| Q2 25 | $-8.8M | $83.7M | ||
| Q1 25 | $-29.6M | $14.4M | ||
| Q4 24 | $-8.7M | $118.7M | ||
| Q3 24 | $22.9M | $65.0M | ||
| Q2 24 | $-20.8M | $11.1M | ||
| Q1 24 | $48.8M | $-100.0K |
| Q4 25 | -11.8% | 8.3% | ||
| Q3 25 | -32.2% | 5.6% | ||
| Q2 25 | -3.2% | 9.0% | ||
| Q1 25 | -17.7% | 1.7% | ||
| Q4 24 | -4.6% | 25.4% | ||
| Q3 24 | 12.1% | 14.3% | ||
| Q2 24 | -10.5% | 2.8% | ||
| Q1 24 | 26.1% | -0.0% |
| Q4 25 | 2.3% | 3.4% | ||
| Q3 25 | 5.0% | 3.1% | ||
| Q2 25 | 3.1% | 2.0% | ||
| Q1 25 | 2.3% | 2.3% | ||
| Q4 24 | 2.7% | 2.1% | ||
| Q3 24 | 2.9% | 1.5% | ||
| Q2 24 | 4.6% | 2.6% | ||
| Q1 24 | 2.0% | 2.7% |
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | -0.02× | 30.06× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | 1.85× | ||
| Q2 24 | -1.93× | 0.70× | ||
| Q1 24 | 3.79× | 0.46× |
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% |
JBTM
Segment breakdown not available.
