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Side-by-side financial comparison of AeroVironment Inc (AVAV) and Xenia Hotels & Resorts, Inc. (XHR). Click either name above to swap in a different company.
AeroVironment Inc is the larger business by last-quarter revenue ($472.5M vs $265.6M, roughly 1.8× Xenia Hotels & Resorts, Inc.). Xenia Hotels & Resorts, Inc. runs the higher net margin — 2.3% vs -3.6%, a 5.9% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 1.4%). Xenia Hotels & Resorts, Inc. produced more free cash flow last quarter ($5.5M vs $-55.9M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs -0.4%).
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...
Xenia Hotels & Resorts, Inc. is a real estate investment trust that invests in hotels. As of December 31, 2024, it owned 31 hotels comprising 9,408 rooms.
AVAV vs XHR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $265.6M |
| Net Profit | $-17.1M | $6.1M |
| Gross Margin | 22.0% | 30.4% |
| Operating Margin | -6.4% | 10.1% |
| Net Margin | -3.6% | 2.3% |
| Revenue YoY | 181.9% | 1.4% |
| Net Profit YoY | -875.1% | 1053.6% |
| EPS (diluted) | $-0.34 | $0.07 |
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 | $265.6M | ||
| Q3 25 | $454.7M | $236.4M | ||
| Q2 25 | $275.1M | $287.6M | ||
| Q1 25 | $167.6M | $288.9M | ||
| Q4 24 | $188.5M | $261.8M | ||
| Q3 24 | $189.5M | $236.8M | ||
| Q2 24 | $197.0M | $272.9M | ||
| Q1 24 | $186.6M | $267.5M |
| Q4 25 | $-17.1M | $6.1M | ||
| Q3 25 | $-67.4M | $-13.7M | ||
| Q2 25 | $16.7M | $55.2M | ||
| Q1 25 | $-1.8M | $15.6M | ||
| Q4 24 | $7.5M | $-638.0K | ||
| Q3 24 | $21.2M | $-7.1M | ||
| Q2 24 | $6.0M | $15.3M | ||
| Q1 24 | $13.9M | $8.5M |
| Q4 25 | 22.0% | 30.4% | ||
| Q3 25 | 20.9% | 25.1% | ||
| Q2 25 | 36.5% | 33.6% | ||
| Q1 25 | 37.7% | 32.3% | ||
| Q4 24 | 39.1% | 29.0% | ||
| Q3 24 | 43.0% | 25.8% | ||
| Q2 24 | 38.4% | 31.9% | ||
| Q1 24 | 36.1% | 31.6% |
| Q4 25 | -6.4% | 10.1% | ||
| Q3 25 | -15.2% | 2.0% | ||
| Q2 25 | 5.0% | 14.0% | ||
| Q1 25 | -1.8% | 12.4% | ||
| Q4 24 | 3.7% | 8.2% | ||
| Q3 24 | 12.2% | 3.2% | ||
| Q2 24 | 3.0% | 11.1% | ||
| Q1 24 | 7.7% | 10.3% |
| Q4 25 | -3.6% | 2.3% | ||
| Q3 25 | -14.8% | -5.8% | ||
| Q2 25 | 6.1% | 19.2% | ||
| Q1 25 | -1.0% | 5.4% | ||
| Q4 24 | 4.0% | -0.2% | ||
| Q3 24 | 11.2% | -3.0% | ||
| Q2 24 | 3.1% | 5.6% | ||
| Q1 24 | 7.4% | 3.2% |
| Q4 25 | $-0.34 | $0.07 | ||
| Q3 25 | $-1.44 | $-0.14 | ||
| Q2 25 | $0.59 | $0.56 | ||
| Q1 25 | $-0.06 | $0.15 | ||
| Q4 24 | $0.27 | $-0.01 | ||
| Q3 24 | $0.75 | $-0.07 | ||
| Q2 24 | $0.18 | $0.15 | ||
| Q1 24 | $0.50 | $0.08 |
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 | $140.4M |
| Total DebtLower is stronger | $747.5M | $1.4B |
| Stockholders' EquityBook value | $4.4B | $1.1B |
| Total Assets | $5.6B | $2.8B |
| Debt / EquityLower = less leverage | 0.17× | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | $140.4M | ||
| Q3 25 | $685.8M | $188.2M | ||
| Q2 25 | $40.9M | $172.6M | ||
| Q1 25 | $47.0M | $112.6M | ||
| Q4 24 | $69.0M | $78.2M | ||
| Q3 24 | $81.2M | $161.5M | ||
| Q2 24 | $73.3M | $143.6M | ||
| Q1 24 | $107.7M | $140.1M |
| Q4 25 | $747.5M | $1.4B | ||
| Q3 25 | $747.5M | $1.4B | ||
| Q2 25 | $30.0M | $1.4B | ||
| Q1 25 | $25.0M | $1.4B | ||
| Q4 24 | $15.0M | $1.3B | ||
| Q3 24 | $17.5M | $1.4B | ||
| Q2 24 | $28.0M | $1.4B | ||
| Q1 24 | $40.0M | $1.4B |
| Q4 25 | $4.4B | $1.1B | ||
| Q3 25 | $4.4B | $1.2B | ||
| Q2 25 | $886.5M | $1.2B | ||
| Q1 25 | $861.1M | $1.2B | ||
| Q4 24 | $858.4M | $1.2B | ||
| Q3 24 | $845.5M | $1.3B | ||
| Q2 24 | $822.7M | $1.3B | ||
| Q1 24 | $813.0M | $1.3B |
| Q4 25 | $5.6B | $2.8B | ||
| Q3 25 | $5.6B | $2.9B | ||
| Q2 25 | $1.1B | $2.9B | ||
| Q1 25 | $1.0B | $2.9B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $999.2M | $2.9B | ||
| Q2 24 | $1.0B | $2.9B | ||
| Q1 24 | $980.3M | $2.9B |
| Q4 25 | 0.17× | 1.25× | ||
| Q3 25 | 0.17× | 1.21× | ||
| Q2 25 | 0.03× | 1.17× | ||
| Q1 25 | 0.03× | 1.18× | ||
| Q4 24 | 0.02× | 1.07× | ||
| Q3 24 | 0.02× | 1.11× | ||
| Q2 24 | 0.03× | 1.09× | ||
| Q1 24 | 0.05× | 1.09× |
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 | $21.4M |
| Free Cash FlowOCF − Capex | $-55.9M | $5.5M |
| FCF MarginFCF / Revenue | -11.8% | 2.1% |
| Capex IntensityCapex / Revenue | 2.3% | 6.0% |
| Cash ConversionOCF / Net Profit | — | 3.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $89.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | $21.4M | ||
| Q3 25 | $-123.7M | $64.0M | ||
| Q2 25 | $-264.0K | $36.3M | ||
| Q1 25 | $-25.8M | $54.8M | ||
| Q4 24 | $-3.6M | $30.6M | ||
| Q3 24 | $28.4M | $51.2M | ||
| Q2 24 | $-11.7M | $57.2M | ||
| Q1 24 | $52.6M | $24.7M |
| Q4 25 | $-55.9M | $5.5M | ||
| Q3 25 | $-146.5M | $44.2M | ||
| Q2 25 | $-8.8M | $17.8M | ||
| Q1 25 | $-29.6M | $22.4M | ||
| Q4 24 | $-8.7M | $6.2M | ||
| Q3 24 | $22.9M | $4.3M | ||
| Q2 24 | $-20.8M | $21.4M | ||
| Q1 24 | $48.8M | $-8.7M |
| Q4 25 | -11.8% | 2.1% | ||
| Q3 25 | -32.2% | 18.7% | ||
| Q2 25 | -3.2% | 6.2% | ||
| Q1 25 | -17.7% | 7.8% | ||
| Q4 24 | -4.6% | 2.4% | ||
| Q3 24 | 12.1% | 1.8% | ||
| Q2 24 | -10.5% | 7.8% | ||
| Q1 24 | 26.1% | -3.3% |
| Q4 25 | 2.3% | 6.0% | ||
| Q3 25 | 5.0% | 8.4% | ||
| Q2 25 | 3.1% | 6.4% | ||
| Q1 25 | 2.3% | 11.2% | ||
| Q4 24 | 2.7% | 9.3% | ||
| Q3 24 | 2.9% | 19.8% | ||
| Q2 24 | 4.6% | 13.1% | ||
| Q1 24 | 2.0% | 12.5% |
| Q4 25 | — | 3.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.02× | 0.66× | ||
| Q1 25 | — | 3.51× | ||
| Q4 24 | -0.48× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | -1.93× | 3.73× | ||
| Q1 24 | 3.79× | 2.90× |
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% |
XHR
| Other Geographic Areas | $79.1M | 30% |
| Orlando Florida | $35.5M | 13% |
| Phoenix Arizona | $32.4M | 12% |
| Houston Texas | $29.0M | 11% |
| San Diego California | $25.5M | 10% |
| Atlanta Georgia | $16.2M | 6% |
| San Francisco San Mateo California | $14.8M | 6% |
| Nashville TN | $11.7M | 4% |
| San Jose Santa Cruz CA | $10.5M | 4% |
| Hotel Other Direct | $6.6M | 2% |
