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Side-by-side financial comparison of AeroVironment Inc (AVAV) and RBC Bearings INC (RBC). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $461.6M, roughly 1.0× RBC Bearings INC). RBC Bearings INC runs the higher net margin — 14.6% vs -3.6%, a 18.2% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 17.0%). RBC Bearings INC produced more free cash flow last quarter ($99.1M vs $-55.9M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 5.6%).
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...
Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...
AVAV vs RBC — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $461.6M |
| Net Profit | $-17.1M | $67.4M |
| Gross Margin | 22.0% | 44.3% |
| Operating Margin | -6.4% | 22.3% |
| Net Margin | -3.6% | 14.6% |
| Revenue YoY | 181.9% | 17.0% |
| Net Profit YoY | -875.1% | 16.4% |
| EPS (diluted) | $-0.34 | $2.13 |
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 | $461.6M | ||
| Q3 25 | $454.7M | $455.3M | ||
| Q2 25 | $275.1M | $436.0M | ||
| Q1 25 | $167.6M | $437.7M | ||
| Q4 24 | $188.5M | $394.4M | ||
| Q3 24 | $189.5M | $397.9M | ||
| Q2 24 | $197.0M | $406.3M | ||
| Q1 24 | $186.6M | $413.7M |
| Q4 25 | $-17.1M | $67.4M | ||
| Q3 25 | $-67.4M | $60.0M | ||
| Q2 25 | $16.7M | $68.5M | ||
| Q1 25 | $-1.8M | $72.7M | ||
| Q4 24 | $7.5M | $57.9M | ||
| Q3 24 | $21.2M | $54.2M | ||
| Q2 24 | $6.0M | $61.4M | ||
| Q1 24 | $13.9M | — |
| Q4 25 | 22.0% | 44.3% | ||
| Q3 25 | 20.9% | 44.1% | ||
| Q2 25 | 36.5% | 44.8% | ||
| Q1 25 | 37.7% | 44.2% | ||
| Q4 24 | 39.1% | 44.3% | ||
| Q3 24 | 43.0% | 43.7% | ||
| Q2 24 | 38.4% | 45.3% | ||
| Q1 24 | 36.1% | 43.1% |
| Q4 25 | -6.4% | 22.3% | ||
| Q3 25 | -15.2% | 21.5% | ||
| Q2 25 | 5.0% | 23.2% | ||
| Q1 25 | -1.8% | 23.0% | ||
| Q4 24 | 3.7% | 21.7% | ||
| Q3 24 | 12.2% | 21.6% | ||
| Q2 24 | 3.0% | 24.0% | ||
| Q1 24 | 7.7% | 22.8% |
| Q4 25 | -3.6% | 14.6% | ||
| Q3 25 | -14.8% | 13.2% | ||
| Q2 25 | 6.1% | 15.7% | ||
| Q1 25 | -1.0% | 16.6% | ||
| Q4 24 | 4.0% | 14.7% | ||
| Q3 24 | 11.2% | 13.6% | ||
| Q2 24 | 3.1% | 15.1% | ||
| Q1 24 | 7.4% | — |
| Q4 25 | $-0.34 | $2.13 | ||
| Q3 25 | $-1.44 | $1.90 | ||
| Q2 25 | $0.59 | $2.17 | ||
| Q1 25 | $-0.06 | $2.33 | ||
| Q4 24 | $0.27 | $1.82 | ||
| Q3 24 | $0.75 | $1.65 | ||
| Q2 24 | $0.18 | $1.90 | ||
| Q1 24 | $0.50 | $1.92 |
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 | $107.6M |
| Total DebtLower is stronger | $747.5M | $990.2M |
| Stockholders' EquityBook value | $4.4B | $3.3B |
| Total Assets | $5.6B | $5.1B |
| Debt / EquityLower = less leverage | 0.17× | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $107.6M | ||
| Q3 25 | $685.8M | $91.2M | ||
| Q2 25 | $40.9M | $132.9M | ||
| Q1 25 | $47.0M | $36.8M | ||
| Q4 24 | $69.0M | — | ||
| Q3 24 | $81.2M | — | ||
| Q2 24 | $73.3M | $76.8M | ||
| Q1 24 | $107.7M | $63.5M |
| Q4 25 | $747.5M | $990.2M | ||
| Q3 25 | $747.5M | $1.1B | ||
| Q2 25 | $30.0M | $915.6M | ||
| Q1 25 | $25.0M | $920.1M | ||
| Q4 24 | $15.0M | — | ||
| Q3 24 | $17.5M | — | ||
| Q2 24 | $28.0M | — | ||
| Q1 24 | $40.0M | $1.2B |
| Q4 25 | $4.4B | $3.3B | ||
| Q3 25 | $4.4B | $3.2B | ||
| Q2 25 | $886.5M | $3.1B | ||
| Q1 25 | $861.1M | $3.0B | ||
| Q4 24 | $858.4M | $2.9B | ||
| Q3 24 | $845.5M | $2.9B | ||
| Q2 24 | $822.7M | $2.8B | ||
| Q1 24 | $813.0M | $2.8B |
| Q4 25 | $5.6B | $5.1B | ||
| Q3 25 | $5.6B | $5.1B | ||
| Q2 25 | $1.1B | $4.8B | ||
| Q1 25 | $1.0B | $4.7B | ||
| Q4 24 | $1.0B | $4.7B | ||
| Q3 24 | $999.2M | $4.7B | ||
| Q2 24 | $1.0B | $4.7B | ||
| Q1 24 | $980.3M | $4.7B |
| Q4 25 | 0.17× | 0.30× | ||
| Q3 25 | 0.17× | 0.34× | ||
| Q2 25 | 0.03× | 0.29× | ||
| Q1 25 | 0.03× | 0.30× | ||
| Q4 24 | 0.02× | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | 0.03× | — | ||
| 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 | $122.1M |
| Free Cash FlowOCF − Capex | $-55.9M | $99.1M |
| FCF MarginFCF / Revenue | -11.8% | 21.5% |
| Capex IntensityCapex / Revenue | 2.3% | 5.0% |
| Cash ConversionOCF / Net Profit | — | 1.81× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $122.1M | ||
| Q3 25 | $-123.7M | $88.4M | ||
| Q2 25 | $-264.0K | $120.0M | ||
| Q1 25 | $-25.8M | — | ||
| Q4 24 | $-3.6M | $84.0M | ||
| Q3 24 | $28.4M | — | ||
| Q2 24 | $-11.7M | $97.4M | ||
| Q1 24 | $52.6M | — |
| Q4 25 | $-55.9M | $99.1M | ||
| Q3 25 | $-146.5M | $71.7M | ||
| Q2 25 | $-8.8M | $104.3M | ||
| Q1 25 | $-29.6M | — | ||
| Q4 24 | $-8.7M | $73.6M | ||
| Q3 24 | $22.9M | — | ||
| Q2 24 | $-20.8M | $88.4M | ||
| Q1 24 | $48.8M | — |
| Q4 25 | -11.8% | 21.5% | ||
| Q3 25 | -32.2% | 15.7% | ||
| Q2 25 | -3.2% | 23.9% | ||
| Q1 25 | -17.7% | — | ||
| Q4 24 | -4.6% | 18.7% | ||
| Q3 24 | 12.1% | — | ||
| Q2 24 | -10.5% | 21.8% | ||
| Q1 24 | 26.1% | — |
| Q4 25 | 2.3% | 5.0% | ||
| Q3 25 | 5.0% | 3.7% | ||
| Q2 25 | 3.1% | 3.6% | ||
| Q1 25 | 2.3% | 3.2% | ||
| Q4 24 | 2.7% | 2.6% | ||
| Q3 24 | 2.9% | 4.1% | ||
| Q2 24 | 4.6% | 2.2% | ||
| Q1 24 | 2.0% | — |
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | -0.02× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.48× | 1.45× | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | -1.93× | 1.59× | ||
| Q1 24 | 3.79× | — |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
