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Side-by-side financial comparison of AeroVironment Inc (AVAV) and TEXAS CAPITAL BANCSHARES INC (TCBI). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $324.0M, roughly 1.5× TEXAS CAPITAL BANCSHARES INC). TEXAS CAPITAL BANCSHARES INC runs the higher net margin — 22.8% vs -3.6%, a 26.4% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 15.5%). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 10.2%).
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...
Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.
AVAV vs TCBI — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $324.0M |
| Net Profit | $-17.1M | $73.8M |
| Gross Margin | 22.0% | — |
| Operating Margin | -6.4% | — |
| Net Margin | -3.6% | 22.8% |
| Revenue YoY | 181.9% | 15.5% |
| Net Profit YoY | -875.1% | 56.8% |
| EPS (diluted) | $-0.34 | $1.56 |
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.
| Q1 26 | — | $324.0M | ||
| Q4 25 | $472.5M | $327.5M | ||
| Q3 25 | $454.7M | $340.4M | ||
| Q2 25 | $275.1M | $307.5M | ||
| Q1 25 | $167.6M | $280.5M | ||
| Q4 24 | $188.5M | $229.6M | ||
| Q3 24 | $189.5M | $125.3M | ||
| Q2 24 | $197.0M | $267.0M |
| Q1 26 | — | $73.8M | ||
| Q4 25 | $-17.1M | $100.7M | ||
| Q3 25 | $-67.4M | $105.2M | ||
| Q2 25 | $16.7M | $77.3M | ||
| Q1 25 | $-1.8M | $47.0M | ||
| Q4 24 | $7.5M | $71.0M | ||
| Q3 24 | $21.2M | $-61.3M | ||
| Q2 24 | $6.0M | $41.7M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -6.4% | 40.4% | ||
| Q3 25 | -15.2% | 40.5% | ||
| Q2 25 | 5.0% | 33.2% | ||
| Q1 25 | -1.8% | 21.6% | ||
| Q4 24 | 3.7% | 40.7% | ||
| Q3 24 | 12.2% | -63.8% | ||
| Q2 24 | 3.0% | 21.9% |
| Q1 26 | — | 22.8% | ||
| Q4 25 | -3.6% | 30.7% | ||
| Q3 25 | -14.8% | 30.9% | ||
| Q2 25 | 6.1% | 25.2% | ||
| Q1 25 | -1.0% | 16.8% | ||
| Q4 24 | 4.0% | 30.9% | ||
| Q3 24 | 11.2% | -48.9% | ||
| Q2 24 | 3.1% | 15.6% |
| Q1 26 | — | $1.56 | ||
| Q4 25 | $-0.34 | $2.11 | ||
| Q3 25 | $-1.44 | $2.18 | ||
| Q2 25 | $0.59 | $1.58 | ||
| Q1 25 | $-0.06 | $0.92 | ||
| Q4 24 | $0.27 | $1.43 | ||
| Q3 24 | $0.75 | $-1.41 | ||
| Q2 24 | $0.18 | $0.80 |
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 | — |
| Total DebtLower is stronger | $747.5M | $878.3M |
| Stockholders' EquityBook value | $4.4B | $3.6B |
| Total Assets | $5.6B | $33.5B |
| Debt / EquityLower = less leverage | 0.17× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $588.5M | — | ||
| Q3 25 | $685.8M | — | ||
| Q2 25 | $40.9M | — | ||
| Q1 25 | $47.0M | — | ||
| Q4 24 | $69.0M | — | ||
| Q3 24 | $81.2M | — | ||
| Q2 24 | $73.3M | — |
| Q1 26 | — | $878.3M | ||
| Q4 25 | $747.5M | $620.6M | ||
| Q3 25 | $747.5M | $620.4M | ||
| Q2 25 | $30.0M | $620.3M | ||
| Q1 25 | $25.0M | $660.5M | ||
| Q4 24 | $15.0M | $660.3M | ||
| Q3 24 | $17.5M | $660.2M | ||
| Q2 24 | $28.0M | $660.0M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $4.4B | $3.6B | ||
| Q3 25 | $4.4B | $3.6B | ||
| Q2 25 | $886.5M | $3.5B | ||
| Q1 25 | $861.1M | $3.4B | ||
| Q4 24 | $858.4M | $3.4B | ||
| Q3 24 | $845.5M | $3.4B | ||
| Q2 24 | $822.7M | $3.2B |
| Q1 26 | — | $33.5B | ||
| Q4 25 | $5.6B | $31.5B | ||
| Q3 25 | $5.6B | $32.5B | ||
| Q2 25 | $1.1B | $31.9B | ||
| Q1 25 | $1.0B | $31.4B | ||
| Q4 24 | $1.0B | $30.7B | ||
| Q3 24 | $999.2M | $31.6B | ||
| Q2 24 | $1.0B | $29.9B |
| Q1 26 | — | 0.24× | ||
| Q4 25 | 0.17× | 0.17× | ||
| Q3 25 | 0.17× | 0.17× | ||
| Q2 25 | 0.03× | 0.18× | ||
| Q1 25 | 0.03× | 0.19× | ||
| Q4 24 | 0.02× | 0.20× | ||
| Q3 24 | 0.02× | 0.20× | ||
| Q2 24 | 0.03× | 0.21× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-45.1M | $360.2M | ||
| Q3 25 | $-123.7M | $166.3M | ||
| Q2 25 | $-264.0K | $63.0M | ||
| Q1 25 | $-25.8M | $368.0K | ||
| Q4 24 | $-3.6M | $480.1M | ||
| Q3 24 | $28.4M | $332.8M | ||
| Q2 24 | $-11.7M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.9M | $347.6M | ||
| Q3 25 | $-146.5M | $161.3M | ||
| Q2 25 | $-8.8M | $57.5M | ||
| Q1 25 | $-29.6M | $-2.0M | ||
| Q4 24 | $-8.7M | $415.2M | ||
| Q3 24 | $22.9M | $317.6M | ||
| Q2 24 | $-20.8M | $11.1M |
| Q1 26 | — | — | ||
| Q4 25 | -11.8% | 106.1% | ||
| Q3 25 | -32.2% | 47.4% | ||
| Q2 25 | -3.2% | 18.7% | ||
| Q1 25 | -17.7% | -0.7% | ||
| Q4 24 | -4.6% | 180.9% | ||
| Q3 24 | 12.1% | 253.4% | ||
| Q2 24 | -10.5% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 3.8% | ||
| Q3 25 | 5.0% | 1.5% | ||
| Q2 25 | 3.1% | 1.8% | ||
| Q1 25 | 2.3% | 0.9% | ||
| Q4 24 | 2.7% | 28.2% | ||
| Q3 24 | 2.9% | 12.1% | ||
| Q2 24 | 4.6% | 8.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.58× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | -0.02× | 0.81× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | -0.48× | 6.76× | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | -1.93× | 0.80× |
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% |
TCBI
Segment breakdown not available.
