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Side-by-side financial comparison of AeroVironment Inc (AVAV) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $472.5M, roughly 1.0× AeroVironment Inc). OLYMPIC STEEL INC runs the higher net margin — 0.4% vs -3.6%, a 4.1% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 4.4%). OLYMPIC STEEL INC produced more free cash flow last quarter ($-12.9M vs $-55.9M). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% CAGR vs 0.1%).
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...
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
AVAV vs ZEUS — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $472.5M | $490.7M |
| Net Profit | $-17.1M | $2.2M |
| Gross Margin | 22.0% | — |
| Operating Margin | -6.4% | 1.5% |
| Net Margin | -3.6% | 0.4% |
| Revenue YoY | 181.9% | 4.4% |
| Net Profit YoY | -875.1% | -21.2% |
| EPS (diluted) | $-0.34 | $0.18 |
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 | — | ||
| Q3 25 | $454.7M | $490.7M | ||
| Q2 25 | $275.1M | $496.5M | ||
| Q1 25 | $167.6M | $492.9M | ||
| Q4 24 | $188.5M | $418.8M | ||
| Q3 24 | $189.5M | $470.0M | ||
| Q2 24 | $197.0M | $526.3M | ||
| Q1 24 | $186.6M | $526.6M |
| Q4 25 | $-17.1M | — | ||
| Q3 25 | $-67.4M | $2.2M | ||
| Q2 25 | $16.7M | $5.2M | ||
| Q1 25 | $-1.8M | $2.5M | ||
| Q4 24 | $7.5M | $3.9M | ||
| Q3 24 | $21.2M | $2.7M | ||
| Q2 24 | $6.0M | $7.7M | ||
| Q1 24 | $13.9M | $8.7M |
| 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 24 | 36.1% | — |
| Q4 25 | -6.4% | — | ||
| Q3 25 | -15.2% | 1.5% | ||
| Q2 25 | 5.0% | 2.3% | ||
| Q1 25 | -1.8% | 1.6% | ||
| Q4 24 | 3.7% | 2.1% | ||
| Q3 24 | 12.2% | 1.7% | ||
| Q2 24 | 3.0% | 2.9% | ||
| Q1 24 | 7.7% | 3.0% |
| Q4 25 | -3.6% | — | ||
| Q3 25 | -14.8% | 0.4% | ||
| Q2 25 | 6.1% | 1.1% | ||
| Q1 25 | -1.0% | 0.5% | ||
| Q4 24 | 4.0% | 0.9% | ||
| Q3 24 | 11.2% | 0.6% | ||
| Q2 24 | 3.1% | 1.5% | ||
| Q1 24 | 7.4% | 1.7% |
| Q4 25 | $-0.34 | — | ||
| Q3 25 | $-1.44 | $0.18 | ||
| Q2 25 | $0.59 | $0.45 | ||
| Q1 25 | $-0.06 | $0.21 | ||
| Q4 24 | $0.27 | $0.33 | ||
| Q3 24 | $0.75 | $0.23 | ||
| Q2 24 | $0.18 | $0.66 | ||
| Q1 24 | $0.50 | $0.75 |
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 | $7.5M |
| Total DebtLower is stronger | $747.5M | $240.9M |
| Stockholders' EquityBook value | $4.4B | $579.1M |
| Total Assets | $5.6B | $1.1B |
| Debt / EquityLower = less leverage | 0.17× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.5M | — | ||
| Q3 25 | $685.8M | $7.5M | ||
| Q2 25 | $40.9M | $14.8M | ||
| Q1 25 | $47.0M | $13.3M | ||
| Q4 24 | $69.0M | $11.9M | ||
| Q3 24 | $81.2M | $11.1M | ||
| Q2 24 | $73.3M | $9.4M | ||
| Q1 24 | $107.7M | $10.3M |
| Q4 25 | $747.5M | — | ||
| Q3 25 | $747.5M | $240.9M | ||
| Q2 25 | $30.0M | $233.2M | ||
| Q1 25 | $25.0M | $235.4M | ||
| Q4 24 | $15.0M | $272.5M | ||
| Q3 24 | $17.5M | $197.3M | ||
| Q2 24 | $28.0M | $209.2M | ||
| Q1 24 | $40.0M | $196.8M |
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | $579.1M | ||
| Q2 25 | $886.5M | $578.2M | ||
| Q1 25 | $861.1M | $574.2M | ||
| Q4 24 | $858.4M | $573.9M | ||
| Q3 24 | $845.5M | $570.6M | ||
| Q2 24 | $822.7M | $569.5M | ||
| Q1 24 | $813.0M | $563.0M |
| Q4 25 | $5.6B | — | ||
| Q3 25 | $5.6B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $999.2M | $1.0B | ||
| Q2 24 | $1.0B | $1.0B | ||
| Q1 24 | $980.3M | $1.0B |
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | 0.42× | ||
| Q2 25 | 0.03× | 0.40× | ||
| Q1 25 | 0.03× | 0.41× | ||
| Q4 24 | 0.02× | 0.47× | ||
| Q3 24 | 0.02× | 0.35× | ||
| Q2 24 | 0.03× | 0.37× | ||
| Q1 24 | 0.05× | 0.35× |
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 | $-5.4M |
| Free Cash FlowOCF − Capex | $-55.9M | $-12.9M |
| FCF MarginFCF / Revenue | -11.8% | -2.6% |
| Capex IntensityCapex / Revenue | 2.3% | 1.5% |
| Cash ConversionOCF / Net Profit | — | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $-240.7M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-45.1M | — | ||
| Q3 25 | $-123.7M | $-5.4M | ||
| Q2 25 | $-264.0K | $15.5M | ||
| Q1 25 | $-25.8M | $49.4M | ||
| Q4 24 | $-3.6M | $14.6M | ||
| Q3 24 | $28.4M | $24.6M | ||
| Q2 24 | $-11.7M | $-2.9M | ||
| Q1 24 | $52.6M | $-2.6M |
| Q4 25 | $-55.9M | — | ||
| Q3 25 | $-146.5M | $-12.9M | ||
| Q2 25 | $-8.8M | $6.8M | ||
| Q1 25 | $-29.6M | $40.6M | ||
| Q4 24 | $-8.7M | $7.4M | ||
| Q3 24 | $22.9M | $15.6M | ||
| Q2 24 | $-20.8M | $-11.3M | ||
| Q1 24 | $48.8M | $-7.4M |
| Q4 25 | -11.8% | — | ||
| Q3 25 | -32.2% | -2.6% | ||
| Q2 25 | -3.2% | 1.4% | ||
| Q1 25 | -17.7% | 8.2% | ||
| Q4 24 | -4.6% | 1.8% | ||
| Q3 24 | 12.1% | 3.3% | ||
| Q2 24 | -10.5% | -2.2% | ||
| Q1 24 | 26.1% | -1.4% |
| Q4 25 | 2.3% | — | ||
| Q3 25 | 5.0% | 1.5% | ||
| Q2 25 | 3.1% | 1.7% | ||
| Q1 25 | 2.3% | 1.8% | ||
| Q4 24 | 2.7% | 1.7% | ||
| Q3 24 | 2.9% | 1.9% | ||
| Q2 24 | 4.6% | 1.6% | ||
| Q1 24 | 2.0% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.50× | ||
| Q2 25 | -0.02× | 2.96× | ||
| Q1 25 | — | 19.70× | ||
| Q4 24 | -0.48× | 3.75× | ||
| Q3 24 | 1.34× | 9.01× | ||
| Q2 24 | -1.93× | -0.38× | ||
| Q1 24 | 3.79× | -0.30× |
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% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
