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Side-by-side financial comparison of AeroVironment Inc (AVAV) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $272.2M, roughly 1.7× KILROY REALTY CORP). KILROY REALTY CORP runs the higher net margin — 6.3% vs -3.6%, a 9.9% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $-55.9M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs -1.2%).
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...
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
AVAV vs KRC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $272.2M |
| Net Profit | $-17.1M | $17.1M |
| Gross Margin | 22.0% | — |
| Operating Margin | -6.4% | — |
| Net Margin | -3.6% | 6.3% |
| Revenue YoY | 181.9% | -5.0% |
| Net Profit YoY | -875.1% | -73.7% |
| EPS (diluted) | $-0.34 | $0.11 |
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 | $272.2M | ||
| Q3 25 | $454.7M | $279.7M | ||
| Q2 25 | $275.1M | $289.9M | ||
| Q1 25 | $167.6M | $270.8M | ||
| Q4 24 | $188.5M | $286.4M | ||
| Q3 24 | $189.5M | $289.9M | ||
| Q2 24 | $197.0M | $280.7M | ||
| Q1 24 | $186.6M | $278.6M |
| Q4 25 | $-17.1M | $17.1M | ||
| Q3 25 | $-67.4M | $162.3M | ||
| Q2 25 | $16.7M | $79.6M | ||
| Q1 25 | $-1.8M | $43.7M | ||
| Q4 24 | $7.5M | $65.0M | ||
| Q3 24 | $21.2M | $57.7M | ||
| Q2 24 | $6.0M | $54.5M | ||
| Q1 24 | $13.9M | $55.7M |
| 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% | — | ||
| Q3 25 | -15.2% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 12.2% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 7.7% | — |
| Q4 25 | -3.6% | 6.3% | ||
| Q3 25 | -14.8% | 58.0% | ||
| Q2 25 | 6.1% | 27.4% | ||
| Q1 25 | -1.0% | 16.1% | ||
| Q4 24 | 4.0% | 22.7% | ||
| Q3 24 | 11.2% | 19.9% | ||
| Q2 24 | 3.1% | 19.4% | ||
| Q1 24 | 7.4% | 20.0% |
| Q4 25 | $-0.34 | $0.11 | ||
| Q3 25 | $-1.44 | $1.31 | ||
| Q2 25 | $0.59 | $0.57 | ||
| Q1 25 | $-0.06 | $0.33 | ||
| Q4 24 | $0.27 | $0.50 | ||
| Q3 24 | $0.75 | $0.44 | ||
| Q2 24 | $0.18 | $0.41 | ||
| Q1 24 | $0.50 | $0.42 |
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 | $179.3M |
| Total DebtLower is stronger | $747.5M | — |
| Stockholders' EquityBook value | $4.4B | $5.4B |
| Total Assets | $5.6B | $10.9B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $179.3M | ||
| Q3 25 | $685.8M | $372.4M | ||
| Q2 25 | $40.9M | $193.1M | ||
| Q1 25 | $47.0M | $146.7M | ||
| Q4 24 | $69.0M | $165.7M | ||
| Q3 24 | $81.2M | $625.4M | ||
| Q2 24 | $73.3M | $835.9M | ||
| Q1 24 | $107.7M | $855.0M |
| 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 24 | $40.0M | — |
| Q4 25 | $4.4B | $5.4B | ||
| Q3 25 | $4.4B | $5.5B | ||
| Q2 25 | $886.5M | $5.4B | ||
| Q1 25 | $861.1M | $5.4B | ||
| Q4 24 | $858.4M | $5.4B | ||
| Q3 24 | $845.5M | $5.4B | ||
| Q2 24 | $822.7M | $5.4B | ||
| Q1 24 | $813.0M | $5.4B |
| Q4 25 | $5.6B | $10.9B | ||
| Q3 25 | $5.6B | $11.0B | ||
| Q2 25 | $1.1B | $10.9B | ||
| Q1 25 | $1.0B | $10.9B | ||
| Q4 24 | $1.0B | $10.9B | ||
| Q3 24 | $999.2M | $11.4B | ||
| Q2 24 | $1.0B | $11.5B | ||
| Q1 24 | $980.3M | $11.6B |
| 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× | — | ||
| 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 | $566.3M |
| Free Cash FlowOCF − Capex | $-55.9M | $450.3M |
| FCF MarginFCF / Revenue | -11.8% | 165.4% |
| Capex IntensityCapex / Revenue | 2.3% | 42.6% |
| Cash ConversionOCF / Net Profit | — | 33.10× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $833.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $566.3M | ||
| Q3 25 | $-123.7M | $176.6M | ||
| Q2 25 | $-264.0K | $143.7M | ||
| Q1 25 | $-25.8M | $136.9M | ||
| Q4 24 | $-3.6M | $541.1M | ||
| Q3 24 | $28.4M | $176.3M | ||
| Q2 24 | $-11.7M | $88.7M | ||
| Q1 24 | $52.6M | $167.9M |
| Q4 25 | $-55.9M | $450.3M | ||
| Q3 25 | $-146.5M | $148.7M | ||
| Q2 25 | $-8.8M | $118.4M | ||
| Q1 25 | $-29.6M | $115.6M | ||
| Q4 24 | $-8.7M | $440.8M | ||
| Q3 24 | $22.9M | $147.2M | ||
| Q2 24 | $-20.8M | $69.5M | ||
| Q1 24 | $48.8M | $151.9M |
| Q4 25 | -11.8% | 165.4% | ||
| Q3 25 | -32.2% | 53.1% | ||
| Q2 25 | -3.2% | 40.9% | ||
| Q1 25 | -17.7% | 42.7% | ||
| Q4 24 | -4.6% | 153.9% | ||
| Q3 24 | 12.1% | 50.8% | ||
| Q2 24 | -10.5% | 24.7% | ||
| Q1 24 | 26.1% | 54.5% |
| Q4 25 | 2.3% | 42.6% | ||
| Q3 25 | 5.0% | 10.0% | ||
| Q2 25 | 3.1% | 8.7% | ||
| Q1 25 | 2.3% | 7.9% | ||
| Q4 24 | 2.7% | 35.0% | ||
| Q3 24 | 2.9% | 10.1% | ||
| Q2 24 | 4.6% | 6.8% | ||
| Q1 24 | 2.0% | 5.7% |
| Q4 25 | — | 33.10× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | -0.02× | 1.81× | ||
| Q1 25 | — | 3.13× | ||
| Q4 24 | -0.48× | 8.32× | ||
| Q3 24 | 1.34× | 3.06× | ||
| Q2 24 | -1.93× | 1.63× | ||
| Q1 24 | 3.79× | 3.01× |
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% |
KRC
Segment breakdown not available.
