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Side-by-side financial comparison of AeroVironment Inc (AVAV) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $472.5M, roughly 1.6× AeroVironment Inc). SCANSOURCE, INC. runs the higher net margin — 2.2% vs -3.6%, a 5.8% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 2.5%). SCANSOURCE, INC. produced more free cash flow last quarter ($28.9M vs $-55.9M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 0.9%).
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...
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
AVAV vs SCSC — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $766.5M |
| Net Profit | $-17.1M | $16.5M |
| Gross Margin | 22.0% | 13.4% |
| Operating Margin | -6.4% | 2.3% |
| Net Margin | -3.6% | 2.2% |
| Revenue YoY | 181.9% | 2.5% |
| Net Profit YoY | -875.1% | -3.3% |
| EPS (diluted) | $-0.34 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $454.7M | $739.6M | ||
| Q2 25 | $275.1M | $812.9M | ||
| Q1 25 | $167.6M | $704.8M | ||
| Q4 24 | $188.5M | $747.5M | ||
| Q3 24 | $189.5M | $775.6M | ||
| Q2 24 | $197.0M | $746.1M | ||
| Q1 24 | $186.6M | $752.6M |
| Q4 25 | $-17.1M | $16.5M | ||
| Q3 25 | $-67.4M | $19.9M | ||
| Q2 25 | $16.7M | $20.1M | ||
| Q1 25 | $-1.8M | $17.4M | ||
| Q4 24 | $7.5M | $17.1M | ||
| Q3 24 | $21.2M | $17.0M | ||
| Q2 24 | $6.0M | $16.1M | ||
| Q1 24 | $13.9M | $12.8M |
| Q4 25 | 22.0% | 13.4% | ||
| Q3 25 | 20.9% | 14.5% | ||
| Q2 25 | 36.5% | 12.9% | ||
| Q1 25 | 37.7% | 14.2% | ||
| Q4 24 | 39.1% | 13.6% | ||
| Q3 24 | 43.0% | 13.1% | ||
| Q2 24 | 38.4% | 13.0% | ||
| Q1 24 | 36.1% | 12.6% |
| Q4 25 | -6.4% | 2.3% | ||
| Q3 25 | -15.2% | 3.5% | ||
| Q2 25 | 5.0% | 3.3% | ||
| Q1 25 | -1.8% | 3.2% | ||
| Q4 24 | 3.7% | 2.5% | ||
| Q3 24 | 12.2% | 2.3% | ||
| Q2 24 | 3.0% | 2.9% | ||
| Q1 24 | 7.7% | 2.3% |
| Q4 25 | -3.6% | 2.2% | ||
| Q3 25 | -14.8% | 2.7% | ||
| Q2 25 | 6.1% | 2.5% | ||
| Q1 25 | -1.0% | 2.5% | ||
| Q4 24 | 4.0% | 2.3% | ||
| Q3 24 | 11.2% | 2.2% | ||
| Q2 24 | 3.1% | 2.2% | ||
| Q1 24 | 7.4% | 1.7% |
| Q4 25 | $-0.34 | $0.75 | ||
| Q3 25 | $-1.44 | $0.89 | ||
| Q2 25 | $0.59 | $0.87 | ||
| Q1 25 | $-0.06 | $0.74 | ||
| Q4 24 | $0.27 | $0.70 | ||
| Q3 24 | $0.75 | $0.69 | ||
| Q2 24 | $0.18 | $0.66 | ||
| Q1 24 | $0.50 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $747.5M | — |
| Stockholders' EquityBook value | $4.4B | $910.9M |
| Total Assets | $5.6B | $1.7B |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $83.5M | ||
| Q3 25 | $685.8M | $124.9M | ||
| Q2 25 | $40.9M | $126.2M | ||
| Q1 25 | $47.0M | $146.3M | ||
| Q4 24 | $69.0M | $110.5M | ||
| Q3 24 | $81.2M | $145.0M | ||
| Q2 24 | $73.3M | $185.5M | ||
| Q1 24 | $107.7M | $159.1M |
| 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 | $910.9M | ||
| Q3 25 | $4.4B | $914.0M | ||
| Q2 25 | $886.5M | $906.4M | ||
| Q1 25 | $861.1M | $901.7M | ||
| Q4 24 | $858.4M | $900.7M | ||
| Q3 24 | $845.5M | $920.9M | ||
| Q2 24 | $822.7M | $924.3M | ||
| Q1 24 | $813.0M | $944.1M |
| Q4 25 | $5.6B | $1.7B | ||
| Q3 25 | $5.6B | $1.7B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.0B | $1.7B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $999.2M | $1.8B | ||
| Q2 24 | $1.0B | $1.8B | ||
| Q1 24 | $980.3M | $1.8B |
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | $-55.9M | $28.9M |
| FCF MarginFCF / Revenue | -11.8% | 3.8% |
| Capex IntensityCapex / Revenue | 2.3% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $30.8M | ||
| Q3 25 | $-123.7M | $23.2M | ||
| Q2 25 | $-264.0K | — | ||
| Q1 25 | $-25.8M | $66.1M | ||
| Q4 24 | $-3.6M | $-6.2M | ||
| Q3 24 | $28.4M | $44.8M | ||
| Q2 24 | $-11.7M | — | ||
| Q1 24 | $52.6M | $160.2M |
| Q4 25 | $-55.9M | $28.9M | ||
| Q3 25 | $-146.5M | $20.8M | ||
| Q2 25 | $-8.8M | — | ||
| Q1 25 | $-29.6M | $64.6M | ||
| Q4 24 | $-8.7M | $-8.2M | ||
| Q3 24 | $22.9M | $42.5M | ||
| Q2 24 | $-20.8M | — | ||
| Q1 24 | $48.8M | $157.7M |
| Q4 25 | -11.8% | 3.8% | ||
| Q3 25 | -32.2% | 2.8% | ||
| Q2 25 | -3.2% | — | ||
| Q1 25 | -17.7% | 9.2% | ||
| Q4 24 | -4.6% | -1.1% | ||
| Q3 24 | 12.1% | 5.5% | ||
| Q2 24 | -10.5% | — | ||
| Q1 24 | 26.1% | 21.0% |
| Q4 25 | 2.3% | 0.3% | ||
| Q3 25 | 5.0% | 0.3% | ||
| Q2 25 | 3.1% | 0.3% | ||
| Q1 25 | 2.3% | 0.2% | ||
| Q4 24 | 2.7% | 0.3% | ||
| Q3 24 | 2.9% | 0.3% | ||
| Q2 24 | 4.6% | 0.2% | ||
| Q1 24 | 2.0% | 0.3% |
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | -0.02× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | -0.48× | -0.36× | ||
| Q3 24 | 1.34× | 2.64× | ||
| Q2 24 | -1.93× | — | ||
| Q1 24 | 3.79× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
