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Side-by-side financial comparison of AeroVironment Inc (AVAV) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $472.5M, roughly 1.1× AeroVironment Inc). WOLVERINE WORLD WIDE INC runs the higher net margin — 6.1% vs -3.6%, a 9.8% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 25.5%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $-55.9M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 14.5%).
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...
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
AVAV vs WWW — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $517.5M |
| Net Profit | $-17.1M | $31.8M |
| Gross Margin | 22.0% | 47.3% |
| Operating Margin | -6.4% | 9.7% |
| Net Margin | -3.6% | 6.1% |
| Revenue YoY | 181.9% | 25.5% |
| Net Profit YoY | -875.1% | 162.8% |
| EPS (diluted) | $-0.34 | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $472.5M | — | ||
| Q3 25 | $454.7M | $470.3M | ||
| Q2 25 | $275.1M | $474.2M | ||
| Q1 25 | $167.6M | $412.3M | ||
| Q4 24 | $188.5M | $494.7M | ||
| Q3 24 | $189.5M | $440.2M | ||
| Q2 24 | $197.0M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $-17.1M | — | ||
| Q3 25 | $-67.4M | $25.1M | ||
| Q2 25 | $16.7M | $26.8M | ||
| Q1 25 | $-1.8M | $12.1M | ||
| Q4 24 | $7.5M | $23.1M | ||
| Q3 24 | $21.2M | $23.2M | ||
| Q2 24 | $6.0M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 22.0% | — | ||
| Q3 25 | 20.9% | 47.5% | ||
| Q2 25 | 36.5% | 47.2% | ||
| Q1 25 | 37.7% | 47.2% | ||
| Q4 24 | 39.1% | 43.4% | ||
| Q3 24 | 43.0% | 45.1% | ||
| Q2 24 | 38.4% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | -6.4% | — | ||
| Q3 25 | -15.2% | 8.4% | ||
| Q2 25 | 5.0% | 8.6% | ||
| Q1 25 | -1.8% | 4.8% | ||
| Q4 24 | 3.7% | 7.4% | ||
| Q3 24 | 12.2% | 7.9% | ||
| Q2 24 | 3.0% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | -3.6% | — | ||
| Q3 25 | -14.8% | 5.3% | ||
| Q2 25 | 6.1% | 5.7% | ||
| Q1 25 | -1.0% | 2.9% | ||
| Q4 24 | 4.0% | 4.7% | ||
| Q3 24 | 11.2% | 5.3% | ||
| Q2 24 | 3.1% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $-0.34 | — | ||
| Q3 25 | $-1.44 | $0.30 | ||
| Q2 25 | $0.59 | $0.32 | ||
| Q1 25 | $-0.06 | $0.15 | ||
| Q4 24 | $0.27 | $0.29 | ||
| Q3 24 | $0.75 | $0.28 | ||
| Q2 24 | $0.18 | $0.17 |
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 | $621.7M |
| Stockholders' EquityBook value | $4.4B | $408.0M |
| Total Assets | $5.6B | $1.7B |
| Debt / EquityLower = less leverage | 0.17× | 1.52× |
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 | — | $621.7M | ||
| Q4 25 | $747.5M | — | ||
| Q3 25 | $747.5M | $676.4M | ||
| Q2 25 | $30.0M | $708.5M | ||
| Q1 25 | $25.0M | $710.8M | ||
| Q4 24 | $15.0M | $648.0M | ||
| Q3 24 | $17.5M | $702.8M | ||
| Q2 24 | $28.0M | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | $376.7M | ||
| Q2 25 | $886.5M | $344.0M | ||
| Q1 25 | $861.1M | $310.6M | ||
| Q4 24 | $858.4M | $312.9M | ||
| Q3 24 | $845.5M | $295.2M | ||
| Q2 24 | $822.7M | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $5.6B | — | ||
| 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 26 | — | 1.52× | ||
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | 1.80× | ||
| Q2 25 | 0.03× | 2.06× | ||
| Q1 25 | 0.03× | 2.29× | ||
| Q4 24 | 0.02× | 2.07× | ||
| Q3 24 | 0.02× | 2.38× | ||
| Q2 24 | 0.03× | 3.11× |
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 | $146.2M |
| Free Cash FlowOCF − Capex | $-55.9M | $145.6M |
| FCF MarginFCF / Revenue | -11.8% | 28.1% |
| Capex IntensityCapex / Revenue | 2.3% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $-45.1M | — | ||
| Q3 25 | $-123.7M | $33.0M | ||
| Q2 25 | $-264.0K | $44.6M | ||
| Q1 25 | $-25.8M | $-83.8M | ||
| Q4 24 | $-3.6M | $82.4M | ||
| Q3 24 | $28.4M | $108.2M | ||
| Q2 24 | $-11.7M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $-55.9M | — | ||
| Q3 25 | $-146.5M | $30.1M | ||
| Q2 25 | $-8.8M | $41.2M | ||
| Q1 25 | $-29.6M | $-91.4M | ||
| Q4 24 | $-8.7M | $74.4M | ||
| Q3 24 | $22.9M | $104.1M | ||
| Q2 24 | $-20.8M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | -11.8% | — | ||
| Q3 25 | -32.2% | 6.4% | ||
| Q2 25 | -3.2% | 8.7% | ||
| Q1 25 | -17.7% | -22.2% | ||
| Q4 24 | -4.6% | 15.0% | ||
| Q3 24 | 12.1% | 23.6% | ||
| Q2 24 | -10.5% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 2.3% | — | ||
| Q3 25 | 5.0% | 0.6% | ||
| Q2 25 | 3.1% | 0.7% | ||
| Q1 25 | 2.3% | 1.8% | ||
| Q4 24 | 2.7% | 1.6% | ||
| Q3 24 | 2.9% | 0.9% | ||
| Q2 24 | 4.6% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | -0.02× | 1.66× | ||
| Q1 25 | — | -6.93× | ||
| Q4 24 | -0.48× | 3.57× | ||
| Q3 24 | 1.34× | 4.66× | ||
| Q2 24 | -1.93× | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
