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Side-by-side financial comparison of AeroVironment Inc (AVAV) and Life Time Group Holdings, Inc. (LTH). Click either name above to swap in a different company.
Life Time Group Holdings, Inc. is the larger business by last-quarter revenue ($745.1M vs $472.5M, roughly 1.6× AeroVironment Inc). Life Time Group Holdings, Inc. runs the higher net margin — 16.5% vs -3.6%, a 20.1% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 12.3%). AeroVironment Inc produced more free cash flow last quarter ($-55.9M vs $-64.6M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 11.7%).
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...
Life Time Group Holdings, Inc. operates a network of premium athletic, fitness and wellness destinations across the United States. It offers diverse services including state-of-the-art gym facilities, group exercise classes, personal training, spa treatments, nutrition coaching, youth programs and co-working spaces for consumers pursuing holistic healthy lifestyles.
AVAV vs LTH — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $745.1M |
| Net Profit | $-17.1M | $123.0M |
| Gross Margin | 22.0% | 49.1% |
| Operating Margin | -6.4% | 17.4% |
| Net Margin | -3.6% | 16.5% |
| Revenue YoY | 181.9% | 12.3% |
| Net Profit YoY | -875.1% | 231.0% |
| EPS (diluted) | $-0.34 | $0.55 |
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 | $745.1M | ||
| Q3 25 | $454.7M | $782.6M | ||
| Q2 25 | $275.1M | $761.5M | ||
| Q1 25 | $167.6M | $706.0M | ||
| Q4 24 | $188.5M | $663.3M | ||
| Q3 24 | $189.5M | $693.2M | ||
| Q2 24 | $197.0M | $667.8M | ||
| Q1 24 | $186.6M | $596.7M |
| Q4 25 | $-17.1M | $123.0M | ||
| Q3 25 | $-67.4M | $102.4M | ||
| Q2 25 | $16.7M | $72.1M | ||
| Q1 25 | $-1.8M | $76.1M | ||
| Q4 24 | $7.5M | $37.2M | ||
| Q3 24 | $21.2M | $41.4M | ||
| Q2 24 | $6.0M | $52.8M | ||
| Q1 24 | $13.9M | $24.9M |
| Q4 25 | 22.0% | 49.1% | ||
| Q3 25 | 20.9% | 47.1% | ||
| Q2 25 | 36.5% | 47.0% | ||
| Q1 25 | 37.7% | 47.5% | ||
| Q4 24 | 39.1% | 48.2% | ||
| Q3 24 | 43.0% | 46.5% | ||
| Q2 24 | 38.4% | 46.8% | ||
| Q1 24 | 36.1% | 46.1% |
| Q4 25 | -6.4% | 17.4% | ||
| Q3 25 | -15.2% | 17.3% | ||
| Q2 25 | 5.0% | 14.2% | ||
| Q1 25 | -1.8% | 15.2% | ||
| Q4 24 | 3.7% | 13.1% | ||
| Q3 24 | 12.2% | 13.5% | ||
| Q2 24 | 3.0% | 15.7% | ||
| Q1 24 | 7.7% | 12.1% |
| Q4 25 | -3.6% | 16.5% | ||
| Q3 25 | -14.8% | 13.1% | ||
| Q2 25 | 6.1% | 9.5% | ||
| Q1 25 | -1.0% | 10.8% | ||
| Q4 24 | 4.0% | 5.6% | ||
| Q3 24 | 11.2% | 6.0% | ||
| Q2 24 | 3.1% | 7.9% | ||
| Q1 24 | 7.4% | 4.2% |
| Q4 25 | $-0.34 | $0.55 | ||
| Q3 25 | $-1.44 | $0.45 | ||
| Q2 25 | $0.59 | $0.32 | ||
| Q1 25 | $-0.06 | $0.34 | ||
| Q4 24 | $0.27 | $0.17 | ||
| Q3 24 | $0.75 | $0.19 | ||
| Q2 24 | $0.18 | $0.26 | ||
| Q1 24 | $0.50 | $0.12 |
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 | $204.8M |
| Total DebtLower is stronger | $747.5M | $1.5B |
| Stockholders' EquityBook value | $4.4B | $3.1B |
| Total Assets | $5.6B | $8.0B |
| Debt / EquityLower = less leverage | 0.17× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $204.8M | ||
| Q3 25 | $685.8M | $218.9M | ||
| Q2 25 | $40.9M | $175.5M | ||
| Q1 25 | $47.0M | $59.0M | ||
| Q4 24 | $69.0M | $10.9M | ||
| Q3 24 | $81.2M | $120.9M | ||
| Q2 24 | $73.3M | $34.5M | ||
| Q1 24 | $107.7M | $18.6M |
| Q4 25 | $747.5M | $1.5B | ||
| Q3 25 | $747.5M | $1.5B | ||
| Q2 25 | $30.0M | $1.5B | ||
| Q1 25 | $25.0M | $1.5B | ||
| Q4 24 | $15.0M | $1.5B | ||
| Q3 24 | $17.5M | $1.7B | ||
| Q2 24 | $28.0M | $1.8B | ||
| Q1 24 | $40.0M | $2.0B |
| Q4 25 | $4.4B | $3.1B | ||
| Q3 25 | $4.4B | $3.0B | ||
| Q2 25 | $886.5M | $2.9B | ||
| Q1 25 | $861.1M | $2.7B | ||
| Q4 24 | $858.4M | $2.6B | ||
| Q3 24 | $845.5M | $2.6B | ||
| Q2 24 | $822.7M | $2.4B | ||
| Q1 24 | $813.0M | $2.3B |
| Q4 25 | $5.6B | $8.0B | ||
| Q3 25 | $5.6B | $7.8B | ||
| Q2 25 | $1.1B | $7.6B | ||
| Q1 25 | $1.0B | $7.3B | ||
| Q4 24 | $1.0B | $7.2B | ||
| Q3 24 | $999.2M | $7.2B | ||
| Q2 24 | $1.0B | $7.1B | ||
| Q1 24 | $980.3M | $7.1B |
| Q4 25 | 0.17× | 0.48× | ||
| Q3 25 | 0.17× | 0.51× | ||
| Q2 25 | 0.03× | 0.53× | ||
| Q1 25 | 0.03× | 0.56× | ||
| Q4 24 | 0.02× | 0.59× | ||
| Q3 24 | 0.02× | 0.64× | ||
| Q2 24 | 0.03× | 0.78× | ||
| Q1 24 | 0.05× | 0.87× |
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 | $239.9M |
| Free Cash FlowOCF − Capex | $-55.9M | $-64.6M |
| FCF MarginFCF / Revenue | -11.8% | -8.7% |
| Capex IntensityCapex / Revenue | 2.3% | 40.9% |
| Cash ConversionOCF / Net Profit | — | 1.95× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $-21.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $239.9M | ||
| Q3 25 | $-123.7M | $251.1M | ||
| Q2 25 | $-264.0K | $195.7M | ||
| Q1 25 | $-25.8M | $183.9M | ||
| Q4 24 | $-3.6M | $163.1M | ||
| Q3 24 | $28.4M | $151.1M | ||
| Q2 24 | $-11.7M | $170.4M | ||
| Q1 24 | $52.6M | $90.4M |
| Q4 25 | $-55.9M | $-64.6M | ||
| Q3 25 | $-146.5M | $28.6M | ||
| Q2 25 | $-8.8M | $-26.3M | ||
| Q1 25 | $-29.6M | $41.4M | ||
| Q4 24 | $-8.7M | $26.8M | ||
| Q3 24 | $22.9M | $64.0M | ||
| Q2 24 | $-20.8M | $26.1M | ||
| Q1 24 | $48.8M | $-66.4M |
| Q4 25 | -11.8% | -8.7% | ||
| Q3 25 | -32.2% | 3.7% | ||
| Q2 25 | -3.2% | -3.5% | ||
| Q1 25 | -17.7% | 5.9% | ||
| Q4 24 | -4.6% | 4.0% | ||
| Q3 24 | 12.1% | 9.2% | ||
| Q2 24 | -10.5% | 3.9% | ||
| Q1 24 | 26.1% | -11.1% |
| Q4 25 | 2.3% | 40.9% | ||
| Q3 25 | 5.0% | 28.4% | ||
| Q2 25 | 3.1% | 29.2% | ||
| Q1 25 | 2.3% | 20.2% | ||
| Q4 24 | 2.7% | 20.6% | ||
| Q3 24 | 2.9% | 12.6% | ||
| Q2 24 | 4.6% | 21.6% | ||
| Q1 24 | 2.0% | 26.3% |
| Q4 25 | — | 1.95× | ||
| Q3 25 | — | 2.45× | ||
| Q2 25 | -0.02× | 2.71× | ||
| Q1 25 | — | 2.41× | ||
| Q4 24 | -0.48× | 4.39× | ||
| Q3 24 | 1.34× | 3.65× | ||
| Q2 24 | -1.93× | 3.23× | ||
| Q1 24 | 3.79× | 3.63× |
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% |
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
