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Side-by-side financial comparison of AeroVironment Inc (AVAV) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $432.7M, roughly 1.1× Koppers Holdings Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs -3.6%, a 10.5% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs -9.3%). Koppers Holdings Inc. produced more free cash flow last quarter ($28.5M vs $-55.9M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs -6.7%).
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...
Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.
AVAV vs KOP — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $432.7M |
| Net Profit | $-17.1M | $29.7M |
| Gross Margin | 22.0% | 25.6% |
| Operating Margin | -6.4% | 11.5% |
| Net Margin | -3.6% | 6.9% |
| Revenue YoY | 181.9% | -9.3% |
| Net Profit YoY | -875.1% | 391.2% |
| EPS (diluted) | $-0.34 | $1.44 |
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 | $432.7M | ||
| Q3 25 | $454.7M | $485.3M | ||
| Q2 25 | $275.1M | $504.8M | ||
| Q1 25 | $167.6M | $456.5M | ||
| Q4 24 | $188.5M | $477.0M | ||
| Q3 24 | $189.5M | $554.3M | ||
| Q2 24 | $197.0M | $563.2M | ||
| Q1 24 | $186.6M | $497.6M |
| Q4 25 | $-17.1M | $29.7M | ||
| Q3 25 | $-67.4M | $23.8M | ||
| Q2 25 | $16.7M | $16.4M | ||
| Q1 25 | $-1.8M | $-13.9M | ||
| Q4 24 | $7.5M | $-10.2M | ||
| Q3 24 | $21.2M | $22.8M | ||
| Q2 24 | $6.0M | $26.8M | ||
| Q1 24 | $13.9M | $13.0M |
| Q4 25 | 22.0% | 25.6% | ||
| Q3 25 | 20.9% | 24.1% | ||
| Q2 25 | 36.5% | 22.6% | ||
| Q1 25 | 37.7% | 23.2% | ||
| Q4 24 | 39.1% | 17.5% | ||
| Q3 24 | 43.0% | 21.9% | ||
| Q2 24 | 38.4% | 21.6% | ||
| Q1 24 | 36.1% | 19.3% |
| Q4 25 | -6.4% | 11.5% | ||
| Q3 25 | -15.2% | 10.7% | ||
| Q2 25 | 5.0% | 7.7% | ||
| Q1 25 | -1.8% | 5.9% | ||
| Q4 24 | 3.7% | 1.3% | ||
| Q3 24 | 12.2% | 9.0% | ||
| Q2 24 | 3.0% | 10.2% | ||
| Q1 24 | 7.7% | 7.0% |
| Q4 25 | -3.6% | 6.9% | ||
| Q3 25 | -14.8% | 4.9% | ||
| Q2 25 | 6.1% | 3.2% | ||
| Q1 25 | -1.0% | -3.0% | ||
| Q4 24 | 4.0% | -2.1% | ||
| Q3 24 | 11.2% | 4.1% | ||
| Q2 24 | 3.1% | 4.8% | ||
| Q1 24 | 7.4% | 2.6% |
| Q4 25 | $-0.34 | $1.44 | ||
| Q3 25 | $-1.44 | $1.17 | ||
| Q2 25 | $0.59 | $0.81 | ||
| Q1 25 | $-0.06 | $-0.68 | ||
| Q4 24 | $0.27 | $-0.47 | ||
| Q3 24 | $0.75 | $1.09 | ||
| Q2 24 | $0.18 | $1.25 | ||
| Q1 24 | $0.50 | $0.59 |
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 | $928.3M |
| Stockholders' EquityBook value | $4.4B | $574.0M |
| Total Assets | $5.6B | $1.9B |
| Debt / EquityLower = less leverage | 0.17× | 1.62× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $107.7M | — |
| Q4 25 | $747.5M | $928.3M | ||
| Q3 25 | $747.5M | $932.9M | ||
| Q2 25 | $30.0M | $977.5M | ||
| Q1 25 | $25.0M | $989.0M | ||
| Q4 24 | $15.0M | $939.5M | ||
| Q3 24 | $17.5M | $989.4M | ||
| Q2 24 | $28.0M | $1.0B | ||
| Q1 24 | $40.0M | $877.6M |
| Q4 25 | $4.4B | $574.0M | ||
| Q3 25 | $4.4B | $545.6M | ||
| Q2 25 | $886.5M | $526.8M | ||
| Q1 25 | $861.1M | $498.0M | ||
| Q4 24 | $858.4M | $488.7M | ||
| Q3 24 | $845.5M | $532.3M | ||
| Q2 24 | $822.7M | $509.2M | ||
| Q1 24 | $813.0M | $505.8M |
| Q4 25 | $5.6B | $1.9B | ||
| Q3 25 | $5.6B | $1.9B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.0B | $1.9B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $999.2M | $2.0B | ||
| Q2 24 | $1.0B | $1.9B | ||
| Q1 24 | $980.3M | $1.8B |
| Q4 25 | 0.17× | 1.62× | ||
| Q3 25 | 0.17× | 1.71× | ||
| Q2 25 | 0.03× | 1.86× | ||
| Q1 25 | 0.03× | 1.99× | ||
| Q4 24 | 0.02× | 1.92× | ||
| Q3 24 | 0.02× | 1.86× | ||
| Q2 24 | 0.03× | 1.97× | ||
| Q1 24 | 0.05× | 1.74× |
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 | $45.1M |
| Free Cash FlowOCF − Capex | $-55.9M | $28.5M |
| FCF MarginFCF / Revenue | -11.8% | 6.6% |
| Capex IntensityCapex / Revenue | 2.3% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $45.1M | ||
| Q3 25 | $-123.7M | $49.6M | ||
| Q2 25 | $-264.0K | $50.5M | ||
| Q1 25 | $-25.8M | $-22.7M | ||
| Q4 24 | $-3.6M | $74.7M | ||
| Q3 24 | $28.4M | $29.8M | ||
| Q2 24 | $-11.7M | $27.2M | ||
| Q1 24 | $52.6M | $-12.3M |
| Q4 25 | $-55.9M | $28.5M | ||
| Q3 25 | $-146.5M | $37.6M | ||
| Q2 25 | $-8.8M | $38.4M | ||
| Q1 25 | $-29.6M | $-37.0M | ||
| Q4 24 | $-8.7M | $56.1M | ||
| Q3 24 | $22.9M | $14.4M | ||
| Q2 24 | $-20.8M | $10.1M | ||
| Q1 24 | $48.8M | $-38.6M |
| Q4 25 | -11.8% | 6.6% | ||
| Q3 25 | -32.2% | 7.7% | ||
| Q2 25 | -3.2% | 7.6% | ||
| Q1 25 | -17.7% | -8.1% | ||
| Q4 24 | -4.6% | 11.8% | ||
| Q3 24 | 12.1% | 2.6% | ||
| Q2 24 | -10.5% | 1.8% | ||
| Q1 24 | 26.1% | -7.8% |
| Q4 25 | 2.3% | 3.8% | ||
| Q3 25 | 5.0% | 2.5% | ||
| Q2 25 | 3.1% | 2.4% | ||
| Q1 25 | 2.3% | 3.1% | ||
| Q4 24 | 2.7% | 3.9% | ||
| Q3 24 | 2.9% | 2.8% | ||
| Q2 24 | 4.6% | 3.0% | ||
| Q1 24 | 2.0% | 5.3% |
| Q4 25 | — | 1.52× | ||
| Q3 25 | — | 2.08× | ||
| Q2 25 | -0.02× | 3.08× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | 1.31× | ||
| Q2 24 | -1.93× | 1.01× | ||
| Q1 24 | 3.79× | -0.95× |
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% |
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
