Recent News
On July 24, 2025 AeroVironment announced “Skyfall,” a Mars helicopter swarm concept developed with NASA’s JPL to support future human-landing site reconnaissance.
On September 30, 2025 a 91‑day lock-up on certain executive and director shares expired, allowing limited restricted sales following underwriting agreements tied to recent offerings.
In early October 2025 multiple brokerages updated targets and maintained positive coverage, lifting several price objectives across the analyst community.
Technical Analysis
Directional indicators show a strong trend but a directional shift: ADX at 42.17 indicates a very strong trend, while DI+ at 41.29 shows a peak-and-reversal, which signals waning bullish directional pressure and a move toward directional exhaustion.
DI- sits at 13.10 with a dip-and-reversal characteristic, consistent with rising negative directional pressure; together with the DI+ peak, the directional system favors reduced upside momentum into the near term.
MACD registered at 34.21 with a peak-and-reversal pattern. That peak-and-reverse represents bearish momentum even as MACD currently sits above its signal line (signal 30.09), indicating residual crossover strength but a deteriorating momentum profile.
MRO stands at 39.83 and trending higher, which places the current price above the oscillator’s target and implies elevated potential for mean reversion and downward pressure on price from an objective momentum/target perspective.
RSI at 66.8 with a peak-and-reversal trend shows recent loss of momentum from an overbought‑adjacent level, suggesting limited room for sustained immediate gains without a corrective consolidation.
Price sits well above major averages—close $384.69 versus the 20‑day average $370.50, 50‑day average $285.79 and 200‑day average $204.98—with the 12‑day EMA increasing at $376.49; the gap structure signals a bullish medium‑term bias but also exposes the market to pullbacks toward short‑term support near the SuperTrend lower band at $370.26 and the 20‑day average.
Bollinger bands place the close inside the upper band range (upper 1σ $413.11, lower 1σ $327.89), indicating price remains toward the upper volatility envelope but not yet beyond the 2σ extreme.
Fundamental Analysis
Revenue for the period totaled $454,676,000 with YoY revenue growth of -18.16% and QoQ revenue growth of 1.92%, reflecting baseline contraction year-over-year but slight sequential recovery. Gross profit measured $95,118,000, with a gross margin of 20.92% (gross margin YoY change reported as -0.51%).
Operating performance stayed negative: EBIT -$66,911,000, operating income -$69,272,000 and operating margin -15.24%, with operating margin QoQ down -3.97 percentage points and YoY down -2.26 percentage points. Net income registered -$67,370,000 for the period.
Earnings per share came in at $0.32 versus an estimate of $0.34, generating an EPS surprise of -5.88% (EPS difference -$0.02). EBITDA reached $23,343,000, producing a modest positive EBITDA despite negative operating and net profitability.
Balance sheet and cash flow: cash and short‑term investments $685,803,000 and cash conversion ratio 33.32%, while free cash flow was negative at -$155,794,000. Liquidity ratios read high—current ratio 5.96 and quick ratio 5.12—supporting short‑term obligations. Total debt stands at $829,708,000 with net debt roughly $39,900,000, and debt‑to‑equity about 0.19x, indicating leverage present but not dominant relative to equity.
Key valuation multiples: price‑to‑book ~2.64x, trailing P/E ~732.23x, price‑to‑sales ~25.73x and forward P/E ~204.30x on forward EPS $1.08. WMDST values the stock as EVR = 26.05. Free cash flow dynamics show a negative free cash flow yield of -1.33% for the period, with free cash flow to net income of 2.31x reflecting episodic noncash items and timing differences.
Revenue growth showed divergence—sequential improvement offset by meaningful YoY contraction—while margins and net returns remain negative; cash on the balance sheet and stated liquidity provide a buffer amid ongoing integration and capital plans.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-07-31 |
| REPORT DATE: | 2025-09-09 |
| NEXT REPORT DATE: | 2025-12-23 |
| CASH FLOW | Begin Period Cash Flow | $ 40.9 M |
| Operating Cash Flow | $ -123.73 M | |
| Capital Expenditures | $ -32.07 M | |
| Change In Working Capital | $ -170.41 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 644.9 M | |
| End Period Cash Flow | $ 685.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 454.7 M | |
| Forward Revenue | $ -90.99 M | |
| COSTS | ||
| Cost Of Revenue | $ 359.6 M | |
| Depreciation | $ 90.3 M | |
| Depreciation and Amortization | $ 90.3 M | |
| Research and Development | $ 33.1 M | |
| Total Operating Expenses | $ 523.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 95.1 M | |
| EBITDA | $ 23.3 M | |
| EBIT | $ -66.91 M | |
| Operating Income | $ -69.27 M | |
| Interest Income | — | |
| Interest Expense | $ 17.4 M | |
| Net Interest Income | $ -17.41 M | |
| Income Before Tax | $ -84.33 M | |
| Tax Provision | $ -15.17 M | |
| Tax Rate | 18.0 % | |
| Net Income | $ -67.37 M | |
| Net Income From Continuing Operations | $ -67.37 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.34 | |
| EPS Actual | $ 0.32 | |
| EPS Difference | $ -0.02 | |
| EPS Surprise | -5.882 % | |
| Forward EPS | $ 1.08 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 5.6 B | |
| Intangible Assets | $ 3.7 B | |
| Net Tangible Assets | $ 768.7 M | |
| Total Current Assets | $ 1.6 B | |
| Cash and Short-Term Investments | $ 685.8 M | |
| Cash | $ 685.8 M | |
| Net Receivables | $ 198.3 M | |
| Inventory | $ 232.9 M | |
| Long-Term Investments | $ 42.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 91.1 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 274.9 M | |
| Net Debt | $ 39.9 M | |
| Total Debt | $ 829.7 M | |
| Total Liabilities | $ 1.2 B | |
| EQUITY | ||
| Total Equity | $ 4.4 B | |
| Retained Earnings | $ 206.9 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 88.66 | |
| Shares Outstanding | 49.932 M | |
| Revenue Per-Share | $ 9.11 | |
| VALUATION | Market Capitalization | $ 11.7 B |
| Enterprise Value | $ 11.8 B | |
| Enterprise Multiple | 507.379 | |
| Enterprise Multiple QoQ | 196.412 % | |
| Enterprise Multiple YoY | 219.472 % | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 26.049 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.27 | |
| Asset To Liability | 4.699 | |
| Debt To Capital | 0.158 | |
| Debt To Assets | 0.148 | |
| Debt To Assets QoQ | 157.155 % | |
| Debt To Assets YoY | 1373.826 % | |
| Debt To Assets IPRWA | — | |
| Debt To Equity | 0.187 | |
| Debt To Equity QoQ | 158.439 % | |
| Debt To Equity YoY | 1484.277 % | |
| Debt To Equity IPRWA | — | |
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.643 | |
| Price To Book QoQ | -50.825 % | |
| Price To Book YoY | -56.202 % | |
| Price To Book IPRWA | — | |
| Price To Earnings (P/E) | 732.232 | |
| Price To Earnings QoQ | 599.461 % | |
| Price To Earnings YoY | 260.283 % | |
| Price To Earnings IPRWA | — | |
| PE/G Ratio | -9.139 | |
| Price To Sales (P/S) | 25.732 | |
| Price To Sales QoQ | 48.556 % | |
| Price To Sales YoY | -4.434 % | |
| Price To Sales IPRWA | — | |
| FORWARD MULTIPLES | ||
| Forward P/E | 204.302 | |
| Forward PE/G | -2.55 | |
| Forward P/S | -128.588 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -8.789 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.135 | |
| Asset Turnover Ratio QoQ | -46.844 % | |
| Asset Turnover Ratio YoY | -28.309 % | |
| Asset Turnover Ratio IPRWA | — | |
| Receivables Turnover | 3.029 | |
| Receivables Turnover Ratio QoQ | 0.859 % | |
| Receivables Turnover Ratio YoY | -15.455 % | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | 1.908 | |
| Inventory Turnover Ratio QoQ | 59.438 % | |
| Inventory Turnover Ratio YoY | 159.605 % | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 30.13 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 85.852 | |
| Cash Conversion Cycle Days QoQ | -18.253 % | |
| Cash Conversion Cycle Days YoY | -15.388 % | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.333 | |
| CapEx To Revenue | -0.071 | |
| CapEx To Depreciation | -0.355 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.2 B | |
| Net Invested Capital | $ 5.2 B | |
| Invested Capital | $ 5.2 B | |
| Net Tangible Assets | $ 768.7 M | |
| Net Working Capital | $ 1.4 B | |
| LIQUIDITY | ||
| Cash Ratio | 2.494 | |
| Current Ratio | 5.963 | |
| Current Ratio QoQ | 69.254 % | |
| Current Ratio YoY | 39.858 % | |
| Current Ratio IPRWA | — | |
| Quick Ratio | 5.116 | |
| Quick Ratio QoQ | 90.456 % | |
| Quick Ratio YoY | 68.4 % | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 35.544 | |
| Cost Of Debt | 1.61 % | |
| Interest Coverage Ratio | -3.842 | |
| Interest Coverage Ratio QoQ | -127.518 % | |
| Interest Coverage Ratio YoY | -104.023 % | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | -0.522 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 42.72 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 401.892 % | |
| Revenue Growth | 65.307 % | |
| Revenue Growth QoQ | 1.921 % | |
| Revenue Growth YoY | -1816.347 % | |
| Revenue Growth IPRWA | — | |
| Earnings Growth | -80.124 % | |
| Earnings Growth QoQ | -118.349 % | |
| Earnings Growth YoY | -174.898 % | |
| Earnings Growth IPRWA | — | |
| MARGINS | ||
| Gross Margin | 20.92 % | |
| Gross Margin QoQ | -42.65 % | |
| Gross Margin YoY | -51.342 % | |
| Gross Margin IPRWA | — | |
| EBIT Margin | -14.716 % | |
| EBIT Margin QoQ | -386.75 % | |
| EBIT Margin YoY | -222.165 % | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | -15.235 % | |
| Return On Sales QoQ | -396.863 % | |
| Return On Sales YoY | -226.474 % | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -155.79 M | |
| Free Cash Flow Yield | -1.332 % | |
| Free Cash Flow Yield QoQ | 623.913 % | |
| Free Cash Flow Yield YoY | -396.659 % | |
| Free Cash Flow Yield IPRWA | — | |
| Free Cash Growth | 1672.804 % | |
| Free Cash Growth QoQ | -2478.879 % | |
| Free Cash Growth YoY | -894.923 % | |
| Free Cash Growth IPRWA | — | |
| Free Cash To Net Income | 2.313 | |
| Cash Flow Margin | -31.576 % | |
| Cash Flow To Earnings | 2.131 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -1.998 % | |
| Return On Assets QoQ | -229.993 % | |
| Return On Assets YoY | -195.098 % | |
| Return On Assets IPRWA | — | |
| Return On Capital Employed (ROCE) | -1.251 % | |
| Return On Equity (ROE) | -0.015 | |
| Return On Equity QoQ | -180.957 % | |
| Return On Equity YoY | -160.807 % | |
| Return On Equity IPRWA | — | |
| DuPont ROE | -2.536 % | |
| Return On Invested Capital (ROIC) | -1.065 % | |
| Return On Invested Capital QoQ | -170.343 % | |
| Return On Invested Capital YoY | -96.445 % | |
| Return On Invested Capital IPRWA | — | |