AeroVironment vs VSE
AeroVironment reported revenue of $2.0 billion in fiscal 2026, 1.8 times VSE's $1.1 billion in fiscal 2025. AeroVironment's revenue grew 140.9% in its latest year, and VSE's grew 41.5%. AeroVironment had an operating margin of -15.7%, against 8.1% at VSE. Free cash flow was −$141 million at AeroVironment and $6 million at VSE. Their fiscal years end in different months (April 30 and December 31), so the periods don't line up exactly.
Side by side
| AeroVironment | VSE | |
|---|---|---|
| Latest fiscal year | FY2026, Apr 30, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $2.0B | $1.1B |
| Revenue growth | 140.9% | 41.5% |
| Revenue growth a year, last 5 years | 38.0% | 10.9% |
| Gross margin | 25.3% | — |
| Operating margin | −15.7% | 8.1% |
| Net margin | −13.4% | 1.1% |
| Free cash flow | −$141M | $6M |
| Free cash flow margin | −7.1% | 0.5% |
| Return on capital | −9.1% | 4.5% |
| Net debt to EBITDA | — | 1.7x |
| Dividends and buybacks | $0M | $8M |
| Change in diluted share count | 74.2% | 18.2% |
| Last close | $112.76 | $172.81 |
| P/E at the last close | — | 42.4× |
| Insider trades, last 12 months | sold $2.1 million | sold $5.8 million |
| Piotroski F-score | 3 of 9 | 6 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AeroVironmentVSE
Operating margin
Percent of revenue
AeroVironmentVSE
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AeroVironmentVSE
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the AeroVironment and VSE pages.