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Side-by-side financial comparison of AeroVironment Inc (AVAV) and Legend Biotech Corp (LEGN). Click either name above to swap in a different company.

AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $272.3M, roughly 1.7× Legend Biotech Corp). AeroVironment Inc runs the higher net margin — -3.6% vs -14.6%, a 11.0% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 70.0%). Over the past eight quarters, Legend Biotech Corp's revenue compounded faster (92.7% 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...

GenScript Biotech, fully known as GenScript Biotech Corporation, usually referred to as simply GenScript, is a China–based biotech company. It was co-founded in 2002 in New Jersey by Fangliang Zhang, Ye Wang, and Luquan Wang. The company mainly provides life science research application instruments and services. It was listed on the Hong Kong Stock Exchange in 2015. The current rotating CEO of the firm is Shao Weihui, who also served as the chief operating officer and Chinese Communist Party ...

AVAV vs LEGN — Head-to-Head

Bigger by revenue
AVAV
AVAV
1.7× larger
AVAV
$472.5M
$272.3M
LEGN
Growing faster (revenue YoY)
AVAV
AVAV
+111.9% gap
AVAV
181.9%
70.0%
LEGN
Higher net margin
AVAV
AVAV
11.0% more per $
AVAV
-3.6%
-14.6%
LEGN
Faster 2-yr revenue CAGR
LEGN
LEGN
Annualised
LEGN
92.7%
59.1%
AVAV

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
AVAV
AVAV
LEGN
LEGN
Revenue
$472.5M
$272.3M
Net Profit
$-17.1M
$-39.7M
Gross Margin
22.0%
58.4%
Operating Margin
-6.4%
-16.0%
Net Margin
-3.6%
-14.6%
Revenue YoY
181.9%
70.0%
Net Profit YoY
-875.1%
68.3%
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.

Revenue
AVAV
AVAV
LEGN
LEGN
Q4 25
$472.5M
Q3 25
$454.7M
$272.3M
Q2 25
$275.1M
$255.1M
Q1 25
$167.6M
$195.1M
Q4 24
$188.5M
Q3 24
$189.5M
$160.2M
Q2 24
$197.0M
$186.5M
Q1 24
$186.6M
$94.0M
Net Profit
AVAV
AVAV
LEGN
LEGN
Q4 25
$-17.1M
Q3 25
$-67.4M
$-39.7M
Q2 25
$16.7M
$-125.4M
Q1 25
$-1.8M
$-100.9M
Q4 24
$7.5M
Q3 24
$21.2M
$-125.3M
Q2 24
$6.0M
$-18.2M
Q1 24
$13.9M
$-59.8M
Gross Margin
AVAV
AVAV
LEGN
LEGN
Q4 25
22.0%
Q3 25
20.9%
58.4%
Q2 25
36.5%
62.8%
Q1 25
37.7%
64.4%
Q4 24
39.1%
Q3 24
43.0%
67.2%
Q2 24
38.4%
75.7%
Q1 24
36.1%
47.8%
Operating Margin
AVAV
AVAV
LEGN
LEGN
Q4 25
-6.4%
Q3 25
-15.2%
-16.0%
Q2 25
5.0%
Q1 25
-1.8%
Q4 24
3.7%
Q3 24
12.2%
-43.9%
Q2 24
3.0%
Q1 24
7.7%
Net Margin
AVAV
AVAV
LEGN
LEGN
Q4 25
-3.6%
Q3 25
-14.8%
-14.6%
Q2 25
6.1%
-49.2%
Q1 25
-1.0%
-51.7%
Q4 24
4.0%
Q3 24
11.2%
-78.2%
Q2 24
3.1%
-9.8%
Q1 24
7.4%
-63.6%
EPS (diluted)
AVAV
AVAV
LEGN
LEGN
Q4 25
$-0.34
Q3 25
$-1.44
$-0.11
Q2 25
$0.59
$-0.34
Q1 25
$-0.06
$-0.27
Q4 24
$0.27
Q3 24
$0.75
$-0.34
Q2 24
$0.18
$-0.05
Q1 24
$0.50
$-0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVAV
AVAV
LEGN
LEGN
Cash + ST InvestmentsLiquidity on hand
$588.5M
$278.9M
Total DebtLower is stronger
$747.5M
Stockholders' EquityBook value
$4.4B
$1.0B
Total Assets
$5.6B
$1.7B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVAV
AVAV
LEGN
LEGN
Q4 25
$588.5M
Q3 25
$685.8M
$278.9M
Q2 25
$40.9M
$266.6M
Q1 25
$47.0M
$441.7M
Q4 24
$69.0M
Q3 24
$81.2M
$459.3M
Q2 24
$73.3M
$201.3M
Q1 24
$107.7M
$897.6M
Total Debt
AVAV
AVAV
LEGN
LEGN
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
Stockholders' Equity
AVAV
AVAV
LEGN
LEGN
Q4 25
$4.4B
Q3 25
$4.4B
$1.0B
Q2 25
$886.5M
$1.0B
Q1 25
$861.1M
$1.0B
Q4 24
$858.4M
Q3 24
$845.5M
$1.1B
Q2 24
$822.7M
$1.2B
Q1 24
$813.0M
$1.2B
Total Assets
AVAV
AVAV
LEGN
LEGN
Q4 25
$5.6B
Q3 25
$5.6B
$1.7B
Q2 25
$1.1B
$1.7B
Q1 25
$1.0B
$1.6B
Q4 24
$1.0B
Q3 24
$999.2M
$1.7B
Q2 24
$1.0B
$1.8B
Q1 24
$980.3M
$1.8B
Debt / Equity
AVAV
AVAV
LEGN
LEGN
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
AVAV
AVAV
LEGN
LEGN
Operating Cash FlowLast quarter
$-45.1M
$28.8M
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.

Operating Cash Flow
AVAV
AVAV
LEGN
LEGN
Q4 25
$-45.1M
Q3 25
$-123.7M
$28.8M
Q2 25
$-264.0K
$-13.0M
Q1 25
$-25.8M
$-103.8M
Q4 24
$-3.6M
Q3 24
$28.4M
$-75.8M
Q2 24
$-11.7M
$-1.7M
Q1 24
$52.6M
$15.5M
Free Cash Flow
AVAV
AVAV
LEGN
LEGN
Q4 25
$-55.9M
Q3 25
$-146.5M
Q2 25
$-8.8M
Q1 25
$-29.6M
Q4 24
$-8.7M
Q3 24
$22.9M
Q2 24
$-20.8M
Q1 24
$48.8M
FCF Margin
AVAV
AVAV
LEGN
LEGN
Q4 25
-11.8%
Q3 25
-32.2%
Q2 25
-3.2%
Q1 25
-17.7%
Q4 24
-4.6%
Q3 24
12.1%
Q2 24
-10.5%
Q1 24
26.1%
Capex Intensity
AVAV
AVAV
LEGN
LEGN
Q4 25
2.3%
Q3 25
5.0%
Q2 25
3.1%
Q1 25
2.3%
Q4 24
2.7%
Q3 24
2.9%
Q2 24
4.6%
Q1 24
2.0%
Cash Conversion
AVAV
AVAV
LEGN
LEGN
Q4 25
Q3 25
Q2 25
-0.02×
Q1 25
Q4 24
-0.48×
Q3 24
1.34×
Q2 24
-1.93×
Q1 24
3.79×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVAV
AVAV

Services$130.2M28%
Cost Plus$95.8M20%
Uncrewed Aircraft Systems$89.8M19%
Space And Directed Energy$53.2M11%
Non U.s.Government$42.2M9%
TM$31.9M7%
Other$30.7M7%

LEGN
LEGN

Goods Or Services Transferred At Point In Time$261.8M96%
Goods Or Services Transferred Over Time$10.5M4%

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