OakChart

AeroVironment Inc

AVAVIndustrials·Aerospace & Defense·USA·Mid·NASD·Nov 11 • 10:26 AM ET

126.98+3.48 (2.82%)
2026-11-11 16:27 CET
Market cap
6,276.36 USD m
Revenue, TTM
2,002.66 USD m
Net income, TTM
-202.82 USD m
Free cash flow, TTM
-25.03 USD m
EPS diluted, TTM
-4.10
P/E
-
Compare

Price

AVAV against its 20, 50 and 200-day averages
2050200beat
100.00150.00200.00250.004.4M8.8MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26AVAVclose 126.9820-day 121.5150-day 136.28200-day 176.90126.98

68.9% under 408.25 on 16 Jan 2026. Last 15 sessions, 37.9% high to low

Profile

AVAV
52-week range, 9% of the way up
100.4408.25

AeroVironment, Inc. is a defense technology company delivering integrated capabilities across air, land, sea, space, and cyber. The company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities-built to meet the mission needs of today's warfighter and tomorrow's conflicts. At the core of these technologies lies AV_Halo, a modular, mission-ready suite of AI-powered software tools that empowers warfighters and enables full-battlefield dominance: detect, decide, deliver. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities at speed, scale, and operational relevance. The company was founded by Paul B. MacCready, Jr. in July 1971 and is headquartered in Arlington, VA.

IndexRUI
Employees4091
IPOJan 23, 2007
Beta1.41
ATR, 14d8.28
Rel volume0.85
Short float13.42%
Insider own25.03%
Inst own63.58%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap6.45B
Enterprise Value6.72B
Income-202.82M
Sales2.00B
Book/sh86.50
Cash/sh11.42
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout-
Employees4091
IPOJan 23, 2007

Ratios

P/E-
Forward P/E28.51
PEG1.40
P/S3.22
P/B1.47
P/C11.12
P/FCF-
EV/EBITDA27.01
EV/Sales3.36
Quick Ratio3.33
Current Ratio4.26
Debt/Eq0.19
LT Debt/Eq0.19
Option/ShortYes / Yes

Earnings

EPS (ttm)-4.10
EPS next Y4.45
EPS next Q0.42
EPS this Y-1.13%
EPS next Y36.09%
EPS next 5Y20.31%
EPS past 3/5Y8.44% -
Sales past 3/5Y54.07% 38.00%
EPS Y/Y TTM-541.91%
Sales Y/Y TTM84.44%
EPS Q/Q92.92%
Sales Q/Q5.68%
EarningsSep 09 AMC
EPS/Sales Surpr.165.41% 6.31%

Ownership

Insider Own25.03%
Insider Trans-0.01%
Inst Own63.58%
Inst Trans-0.63%
ROA-3.57%
ROE-4.60%
ROIC-3.88%
Gross Margin21.31%
Oper. Margin0.73%
Profit Margin-10.13%
SMA204.50%
SMA50-6.83%
SMA200-28.22%
Trades-

Technical

Shs Outstand50.82M
Shs Float38.10M
Short Float13.42%
Short Ratio3.09
Short Interest5.11M
52W High408.25 -68.90%
52W Low100.40 26.47%
Volatility11.31% 6.89%
ATR (14)8.28
RSI (14)50.41
Beta1.41
Rel Volume0.85
Avg Volume1.66M
Volume263,087

Performance

Perf Week12.14%
Perf Month-0.12%
Perf Quarter-32.97%
Perf Half Y-21.13%
Perf YTD-47.51%
Perf Year-61.30%
Perf 3Y4.43%
Perf 5Y38.18%
Perf 10Y354.30%
Recom1.40
Target Price210.91
Prev Close123.50
Price126.98
Change %2.82%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 22, 2026InitiatedOOppenheimerOutperform$205+61.4%
Oct 16, 2026InitiatedMMacquarieOutperform$210+65.4%
Oct 09, 2026InitiatedBBarclaysEqual Weight$237+86.6%
Oct 06, 2026InitiatedRRothschild & Co RedburnNeutral$165+29.9%
Jul 16, 2026UpgradeRRaymond JamesMkt Perform → Outperform$210+65.4%
Jul 09, 2026DowngradeRRBC Capital MktsOutperform → Sector Perform$180+41.8%
Jul 01, 2026InitiatedWWedbushOutperform$250+96.9%
Mar 23, 2026UpgradeRRaymond JamesUnderperform → Mkt Perform
Mar 11, 2026ReiteratedNNeedhamBuy$450 → $400+215.0%
Mar 02, 2026DowngradeRRaymond JamesStrong Buy → Underperform

Peers

Mkt cap
TickerCompanyMkt cap
KTOSKratos Defense & Security Solutions Inc6.92B
AVEXAEVEX Corp1.52B
RCATRed Cat Holdings Inc677.67M
RDWRedwire Corp2.14B
KRMNKarman Holdings Inc5.71B
LHXL3Harris Technologies Inc51.20B
NOCNorthrop Grumman Corp77.72B
ONDSOndas Inc3.38B
TDYTeledyne Technologies Inc30.02B
UMACUnusual Machines Inc679.27M

Insider trading

latest 14 of 34
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
STEPHEN F. PAGE LIVING TRUST UDirectorOct 15 '26Proposed Sale120.6075090,450Oct 15 04:39 PM
Shackley Brian CharlesSVP, Chief Accounting OfficerSep 15 '26Sale152.2710015,2277,788Sep 17 04:16 PM
PAGE STEPHEN FDirectorSep 15 '26Sale152.2725038,06848,253Sep 17 04:14 PM
PAGE STEPHEN FDirectorAug 17 '26Sale191.9825047,99548,503Aug 19 08:09 PM
Shackley Brian CharlesSVP, Chief Accounting OfficerAug 14 '26Sale201.8620541,3817,888Aug 14 05:39 PM
BRIAN SHACKLEYOfficerAug 14 '26Proposed Sale189.4320538,833Aug 14 04:39 PM
Shackley Brian CharlesSVP, Chief Accounting OfficerJul 15 '26Sale143.0030042,9008,093Jul 16 05:52 PM
PAGE STEPHEN FDirectorJul 15 '26Sale143.0024835,46448,753Jul 16 12:58 PM
BRIAN SHACKLEYOfficerJul 15 '26Proposed Sale143.4740057,388Jul 15 04:32 PM
STEPHEN F. PAGE LIVING TRUST UDirectorJul 15 '26Proposed Sale143.47748107,316Jul 15 04:24 PM
Kevin Patrick McDonnellOfficerJul 06 '26Proposed Sale190.891,500286,335Jul 06 08:48 PM
Woodward Sean ThomasCFOJun 29 '26Option Exercise0.002,38204,753Jun 30 01:44 PM
Stevenson Trace EPresident, Autonomous SystemsJun 29 '26Option Exercise0.004,76509,672Jun 30 01:39 PM
Shackley Brian CharlesSVP, Chief Accounting OfficerJun 29 '26Option Exercise0.002,38208,883Jun 30 01:24 PM

Held by

AUM
TickerCompanyAUM
IJHiShares Core S&P Mid-Cap ETFAUM: 124.48B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
XARState Street SPDR S&P Aerospace & Defense ETFAUM: 5.27B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
VBKVanguard Morningstar Small-Cap Growth ETFAUM: 22.34B
VXFVanguard Extended Market Index ETFAUM: 30.47B
ARKQARK Autonomous Technology & Robotics ETFAUM: 1.72B
SHLDGlobal X Defense Tech ETFAUM: 6.14B
ITAiShares U.S. Aerospace & Defense ETFAUM: 12.31B
ARKXARK Space & Defense Innovation ETFAUM: 671.27M

News

latest 14 of 103
  • AeroVironment Secures $405 Million International Order for LOCUST X3 Laser Defense Systems (InvestorsHub)
  • AV Awarded Landmark $405 Million International Order for LOCUST X3 Laser Defense Systems (Business Wire)
  • Why Drone Maker AeroVironment's Stock Is Rocketing on This Sub-$1 Billion Deal (Barrons.com) +12.59%
  • AV Secures Approximately $315 Million Award Under $940 Million IDIQ Contract (Business Wire)
  • Cathie Wood-Led Ark Loads Up On GOOG, AMD, NVDA And Biotech Stocks But Sells CRWV, AVGO, LLY (Stocktwits)
  • Loading…
  • Defense Watch: Strong Q3 Earnings, New Military Contracts, But Democrats Sweep Poses Spending Hurdles (Stocktwits) +10.46%
  • AeroVironment stock: Oppenheimer bullish amid counter-drone growth (Investing.com)
  • Top Aerospace & Defense Stocks According to Macquarie Research (Investing.com)
  • Stocktwits Defense Watch: RTX Continues Deal Momentum, Ondas-Palantir Launch AI Firm As AeroVironment Strike Four International Deals (Stocktwits)
  • Workday downgraded, Fox Corp. upgraded: Wall Street's top analyst calls (The Fly)
  • Drone Malaise Weighs on AeroVironment Despite New Connectivity Deal (Barrons.com) -5.14%
  • AV and Thunder Tiger Sign MOU to Explore Uncrewed Systems Integration and Co-Production in Taiwan (Business Wire)
  • AV and Alpha Unmanned Systems Announce MOU to Explore JUMP 20 Support in Spain (Business Wire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q12026-09-090.5900.222-0.100480.49451.9516
2025Q42026-06-291.8401.4631.251641.62555.9717
2025Q32026-03-100.6400.678-4.902408.05475.5415
2025Q22025-12-090.4400.776-0.344472.51469.5314
2025Q12025-09-090.3200.365-1.437454.68437.6310
2024Q42025-06-241.6101.3800.590275.05241.518
2024Q32025-03-040.3000.481-0.063167.64186.736
2024Q22024-12-040.4700.7560.268188.5181.87
2024Q12024-09-040.8900.6240.748189.48183.187
2023Q42024-06-260.4300.2170.215196.98188.487
2023Q32024-03-040.6300.3270.495186.58170.626
2023Q22023-12-050.9700.6220.662180.82170.916
2023Q12023-09-051.0000.2620.836152.35128.56
2022Q42023-06-270.9900.949-6.305186.04159.527
2022Q32023-03-060.3300.446-0.027134.4123.567
2022Q22022-12-060.0000.200-0.268111.58113.867

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY1.8401.7541.716367.3355.73
2020FY2.1001.8650.958394.91406.17
2021FY1.2501.323-0.170445.73447.89
2022FY1.2601.245-7.036540.54518.57
2023FY2.9902.8102.183716.72708.15
2024FY3.2803.0371.548820.63787.11
2025FY3.3102.866-5.4001,9771,892
2026FY-3.273--2,205
2027FY-4.454--2,540
2028FY-5.764--2,968
2029FY-8.321--3,630
2030FY-7.660--4,427

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q2S2026-11-0620111510.62484.1534
2026Q2S2026-10-3020111510.62484.1534
2026Q2S2026-10-2120111510.64484.1534
2026Q2S2026-10-1619111512.03488534
2026Q2S2026-09-2218111512.15488534
2026Q2S2026-09-2118112512.15488534
2026Q2S2026-09-1617113511.58488534
2026Q2S2026-09-1517113511.7488534
2026Q2S2026-09-1317211514.84488546.3
2026Q2S2026-09-1017314514.84488546.3
2026Q2S2026-09-091767527.15471559
2026Q2S2026-09-021767527.15471559
2026Q2S2026-09-011758524.8471559
2026Q2S2026-08-241758524.8471559

Estimate history

EPS, annual0.751.6181.7160.958-0.17-7.0362.1831.548-5.401-4.0962
Period201720182019202020212022202320242025TTM
EPS, quarterly0.7480.268-0.0630.59-1.437-0.344-4.9021.251-0.102
PeriodQ1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sales, annual268.424314.274367.296394.912445.732540.536716.72820.6271976.8452002.66
Period201720182019202020212022202320242025TTM
Sales, quarterly189.483188.458167.636275.05454.676472.508408.045641.616480.49
PeriodQ1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Shares, annual23.90923.94624.06424.77724.95126.21728.13428.26850.61150.823
Period201720182019202020212022202320242025MRQ
Shares, quarterly28.20628.20528.21928.26849.93249.92749.93550.61150.823
PeriodQ1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue2,002.661,976.85820.63716.72540.54445.73394.91367.30314.27
Cost of Goods Sold Incl. D&A1,575.811,606.63505.99433.44372.32304.50230.35213.05185.87
Gross Profit426.85370.21314.63283.29168.22141.24164.56154.25128.40
Selling, General and Administrative Excl. Other402.42392.33236.19205.22139.11148.85121.25106.3290.18
Research and Development118.53127.68100.7397.6964.2554.6953.7646.1234.23
Other Operating Expense9.730.000.004.360.001.090.000.000.00
Operating Income14.70-22.1278.4473.7029.11-8.7043.3147.9338.22
Interest Expense-24.192.194.229.375.440.620.000.00
Unusual Expense258.27277.1639.575.82207.901.190.000.804.40
Net Income Before Taxes-228.63-305.6239.6663.23-188.38-19.1434.3752.6750.48
Income Taxes-8.29-23.060.881.89-14.66-10.370.545.854.64
Consolidated Net Income-202.82-265.1243.6259.67-176.17-4.1823.3441.3441.89
Net Income From Continuing Operations-202.82-265.1243.6259.67-176.12-4.1823.3341.3441.91
Net Income-202.82-265.1243.6259.67-176.21-4.1923.3341.3438.95
EPS (Recurring)-0.44-1.452.532.33-1.22-0.140.961.741.75
EPS (Basic, Before Extraordinaries)-4.09-5.401.562.19-7.04-0.170.971.741.65
EPS (Diluted)-4.10-5.401.552.18-7.04-0.170.961.721.62
EBITDA248.89248.46121.98108.75129.0348.3562.5857.8245.89
Non-Operating Income (Expense)14.9517.852.98-0.43-0.21-3.82-8.335.5416.65
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense25.1730.2816.9513.488.505.395.064.555.10
Price To Earnings Ratio--129.6272.35--115.7335.1342.34
Price To Sales Ratio3.724.845.206.094.674.456.813.955.25
Gross Margin21.3118.7338.3439.5331.1231.6941.6742.0040.86
Operating Margin0.73-1.129.5610.285.39-1.9510.9713.0512.16
Net Margin-10.13-13.415.328.32-32.60-0.945.9111.2512.39
Shares Outstanding50.8250.6128.2728.1326.2224.9524.7824.0623.95
Market Capitalization6,276.366,276.364,275.714,495.802,543.832,001.122,723.551,445.941,640.78

Income statement, quarterly

Currency USD, millions
Metric2026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q2
Total Revenue480.49641.62408.05472.51454.68275.05167.64188.46
Cost of Goods Sold Incl. D&A374.86471.99338.47390.50401.72175.49105.51115.89
Gross Profit105.63169.6369.5882.0152.9699.5662.1272.56
Selling, General and Administrative Excl. Other108.44103.3988.46102.1298.3667.3865.2165.56
Research and Development23.9631.4627.1135.9933.1124.9022.5028.72
Other Operating Expense5.910.001.961.860.140.000.000.00
Operating Income-8.7366.23-20.84-21.97-45.5432.18-3.097.01
Interest Expense----17.411.010.250.69
Unusual Expense2.145.02249.002.1121.0323.67-1.45-0.05
Net Income Before Taxes-7.3364.45-265.14-20.60-84.3313.11-2.366.33
Income Taxes-0.4016.03-21.62-2.31-15.170.22-0.60-0.22
Consolidated Net Income-5.0763.17-243.82-17.10-67.3716.66-1.757.54
Net Income From Continuing Operations-5.0763.17-243.82-17.10-67.3716.66-1.757.54
Net Income-5.0763.17-243.82-17.10-67.3716.66-1.757.54
EPS (Recurring)-0.071.32-1.40-0.31-1.121.18-0.100.27
EPS (Basic, Before Extraordinaries)-0.101.26-4.90-0.34-1.440.59-0.060.27
EPS (Diluted)-0.101.25-4.90-0.34-1.440.59-0.060.27
EBITDA49.06129.9433.7936.1144.7146.086.2016.01
Non-Operating Income (Expense)3.543.244.703.47-0.345.61-0.48-0.04
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense3.898.146.386.779.034.664.254.43
Price To Earnings Ratio----173.41129.62104.33101.37
Price To Sales Ratio3.724.988.6013.4311.235.226.818.16
Gross Margin21.9826.4417.0517.3611.6536.2037.0638.50
Operating Margin-1.8210.32-5.11-4.65-10.0211.70-1.843.72
Net Margin-1.059.85-59.75-3.62-14.826.06-1.054.00
Shares Outstanding50.8250.6149.9349.9349.9328.2728.2228.21
Market Capitalization6,276.369,738.1313,898.8718,470.4213,206.034,275.715,081.026,063.16

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments632.3040.8673.30132.86101.95180.71302.65323.19257.17
Short Term Receivables892.78392.60269.78193.29164.81134.28149.5084.9273.69
Inventories312.86144.09150.17138.8190.6371.6545.5354.0637.42
Other Current Assets52.4828.9722.3312.0411.5315.006.257.4230.77
Total Current Assets1,890.42606.52515.58477.00368.91401.64503.93469.59399.05
Net Property, Plant & Equipment267.1182.5876.6467.1689.0681.8030.4916.9119.22
Total Investments and Advances81.1331.6321.1123.7315.4312.1625.489.3940.66
Intangible Assets3,450.91308.76347.88224.38431.57420.4719.980.460.63
Deferred Tax Assets221.50107.6086.2862.5761.3051.9225.376.6811.49
Other Assets27.1729.6213.355.111.9310.440.155.822.37
Total Assets5,938.241,166.711,060.84859.94968.21978.43605.40508.84473.42
Short Term Debt Incl. Current Port. of LT Debt17.5910.4819.8415.7316.8216.153.380.000.00
Accounts Payable160.5172.4648.3031.3619.2424.8419.8615.9721.34
Income Tax Payable0.520.364.162.340.760.861.060.004.08
Other Current Liabilities260.6188.8672.5871.9164.5754.3342.6528.8936.66
Total Current Liabilities439.24172.16144.88121.33101.3996.1966.9544.8762.09
Long Term Debt817.2053.8139.84147.09199.75206.626.830.000.00
Provision for Risks Charges7.436.065.602.711.453.521.020.050.05
Deferred Tax Liabilities271.9946.1445.6437.0956.6349.8620.440.030.07
Other Liabilities1.992.032.130.750.7710.140.251.322.16
Total Liabilities1,537.84280.20238.09308.97360.00366.3295.5046.2764.36
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity4,400.40886.51822.75550.97607.97612.09509.90462.57409.03
Total Shareholders Equity4,400.40886.51822.75550.97607.97612.09509.90462.57409.03
Accumulated Minority Interest0.000.000.000.000.240.010.000.000.02
Total Equity4,400.40886.51822.75550.97608.21612.11509.90462.57409.06
Total Liabilities & Stockholders Equity5,938.241,166.711,060.84859.94968.21978.43605.40508.84473.42
Book Value Per Share86.9531.3629.2421.0224.3724.7021.1919.3217.11
Tangible Book Value Per Share18.7620.4416.8812.467.077.7320.3619.3017.08
Full-Time Employees4,0911,4751,4281,2791,2141,165823699697
Price to Book Ratio1.434.975.464.093.324.472.843.553.18
Return on Assets-7.463.926.21-19.27-0.432.957.428.544.80
Return on Equity-10.035.108.69-30.39-0.694.168.509.615.50
Return on Invested Capital-5.084.646.92-25.23-0.522.858.008.424.37
Quick Ratio3.592.692.522.792.743.436.859.265.82
Current Ratio4.303.523.563.933.644.187.5310.476.43

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income-202.82-265.1243.6259.67-176.17-4.1823.3441.3441.89
Depreciation230.82265.0441.0035.75100.0060.8319.269.897.67
Other Funds (Non Cash)300.15303.7452.5049.96190.4216.2122.5714.306.21
Funds from Operations301.04276.55116.96122.0895.5965.5663.4868.9460.56
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-242.22-354.95-118.28-106.83-84.19-75.4723.05-43.84-41.30
Cash from Operating Activities58.82-78.40-1.3215.2611.40-9.9186.5325.1019.26
Capital Expenditures-103.60-86.22-22.82-24.48-14.87-22.29-11.26-11.22-8.90
Net Assets From Acquisitions-26.93-871.510.00-24.16-5.74-46.15-385.61-18.640.00
Sale of Fixed Assets and Businesses0.000.000.000.000.006.500.000.0831.99
Purchase or Sale of Investments-496.99-268.70-5.67-3.0713.865.0818.1188.95-11.55
Purchase of Investments-496.99-382.41-5.67-3.07-12.20-30.77-128.32-297.86-274.72
Sale Or Maturity of Investments-113.710.000.0026.0635.85146.43386.81263.17
Other Uses-6.25-6.250.000.00-0.250.000.000.00-0.43
Other Sources0.000.000.000.000.004.570.000.000.00
Cash from Investing Activities-464.26-1,232.67-28.49-51.71-7.00-52.29-378.7759.1711.12
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock9.83971.480.8588.44106.932.781.520.100.07
Repurchase of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Sale of Common Pref Stock9.83971.480.8588.44106.932.781.520.100.07
Proceedsfrom Stock Options9.83971.480.8588.44104.650.000.000.000.00
Issuance or Reduction of Debt, Net0.00686.640.85-107.00-55.00-10.00196.120.00-0.16
Change in Long Term Debt0.00686.640.85-107.00-55.00-10.00196.120.00-0.16
Issuance of Long Term Debt0.001,651.6438.850.000.000.00196.120.000.00
Reduction of Long Term Debt0.00-965.00-38.00-107.00-55.00-10.000.000.00-0.16
Net Financing Active Other Cash Flow-12.18-10.94-4.56-4.25-1.09-9.09-3.48-1.93-1.09
Other Financing Activities Uses-9.72-10.94-4.56-4.25-1.09-9.09-3.48-1.93-1.09
Cash from Financing Activities-2.351,647.18-2.86-22.8250.83-16.31194.16-1.83-1.18
Exchange Rate Effect0.380.360.23-0.280.40-1.32---
Net Change in Cash-407.41336.46-32.44-59.5655.63-79.83-98.0882.4329.19
Free Cash Flow-25.03-140.95-20.86-7.73-3.47-32.2075.2713.8810.36
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow------35.72104.60159.24
Deferred Taxes & Investment Tax Credit--27.11-20.16-23.29-18.66-7.28-1.693.424.79

Balance sheet, quarterly

Currency USD, millions
Metric2026Q12025Q42025Q32025Q22025Q12024Q4
Cash & Short Term Investments580.23632.30587.14588.48685.8040.86
Short Term Receivables826.77892.78772.63772.27682.94392.60
Inventories410.77312.86299.28259.21232.89144.09
Other Current Assets63.8652.4845.2046.4937.7128.97
Total Current Assets1,881.631,890.421,704.251,666.461,639.34606.52
Net Property, Plant & Equipment316.48267.11250.68249.67247.3282.58
Total Investments and Advances94.7881.1361.6680.9736.2731.80
Intangible Assets3,380.363,450.913,298.243,595.463,658.41305.49
Deferred Tax Assets-221.500.000.000.00107.60
Other Assets57.4427.1749.4145.9142.7032.72
Total Assets5,730.695,938.245,364.235,638.475,624.041,166.71
Short Term Debt Incl. Current Port. of LT Debt17.8217.5915.5714.8316.7610.48
Accounts Payable174.84160.51109.63119.5391.1372.46
Income Tax Payable0.490.520.320.210.000.36
Other Current Liabilities248.58260.61183.80193.45167.0488.86
Total Current Liabilities441.73439.24309.32328.03274.93172.16
Long Term Debt833.00817.20810.44811.11812.9553.81
Provision for Risks Charges7.437.436.066.066.066.06
Deferred Tax Liabilities50.49271.9951.5073.19101.0046.14
Other Liabilities1.981.992.002.002.022.03
Total Liabilities1,334.641,537.841,179.321,220.381,196.96280.20
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity4,396.064,400.404,184.924,418.084,427.08886.51
Total Shareholders Equity4,396.064,400.404,184.924,418.084,427.08886.51
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity4,396.064,400.404,184.924,418.084,427.08886.51
Total Liabilities & Stockholders Equity5,730.695,938.245,364.235,638.475,624.041,166.71
Book Value Per Share86.5086.9583.8188.4988.6631.36
Tangible Book Value Per Share19.9918.7617.7616.4815.3920.55
Full-Time Employees-4,091---1,475
Price to Book Ratio1.432.283.154.178.534.97
Return on Assets-3.57-7.46-9.72-2.09-1.363.92
Return on Equity-4.60-10.03-12.35-2.64-1.705.10
Return on Invested Capital-0.101.21-4.88-0.33-1.291.77
Quick Ratio3.333.594.544.295.122.69
Current Ratio4.264.305.515.085.963.52

Cash flow, quarterly

Currency USD, millions
Metric2026Q12025Q42025Q32025Q22025Q12024Q4
Net Income-5.0763.17-243.82-17.10-67.3716.66
Depreciation56.0362.0854.6358.0790.2513.85
Other Funds (Non Cash)20.204.65261.8713.4223.8025.62
Funds from Operations71.17109.2666.2254.3946.6835.98
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-57.67-13.74-71.32-99.48-170.41-37.40
Cash from Operating Activities13.5095.51-5.11-45.08-123.73-1.42
Capital Expenditures-49.45-22.81-16.61-14.73-32.07-8.52
Net Assets From Acquisitions0.00-26.92-0.010.00-844.580.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-58.7948.23-72.09-266.340.00-3.37
Purchase of Investments-114.58-43.98-72.09-266.340.00-3.37
Sale Or Maturity of Investments55.7992.21--0.000.00
Other Uses0.00-6.250.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-108.24-7.75-67.20-281.07-876.65-11.89
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock5.470.001.892.47967.130.71
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock5.470.001.892.47967.130.71
Proceedsfrom Stock Options5.470.001.892.47967.13-2.53
Issuance or Reduction of Debt, Net0.000.000.000.00686.646.06
Change in Long Term Debt0.000.000.000.00686.646.06
Issuance of Long Term Debt0.000.000.000.001,651.6416.06
Reduction of Long Term Debt0.000.000.000.00-965.00-10.00
Net Financing Active Other Cash Flow-9.56-0.03-0.00-2.58-8.32-0.09
Other Financing Activities Uses-9.56-0.03-0.00-0.12-10.79-0.09
Cash from Financing Activities-4.09-0.031.89-0.121,645.446.68
Exchange Rate Effect-0.11-0.280.87-0.09-0.130.48
Net Change in Cash-98.9487.45-69.56-326.37644.94-6.14
Free Cash Flow-30.5479.10-17.70-55.89-146.45-9.94

Revenue breakdown

Cyber and Mission Solutions2025: 345.36M
Precision Strike and Defense Systems2024: 359.43M 2025: 848.34M
Product and Service, Other2024: 109.18M 2025: 145.86M
Space and Directed Energy2025: 273.40M
Uncrewed Aircraft Systems2024: 352.02M 2025: 363.88M
Country of domicile2024: 390.74M 2025: 1.42B
International2024: 429.88M 2025: 556.41M
Autonomous Systems2024: 820.63M 2025: 1.36B
Space, Cyber and Directed Energy2025: 618.77M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3013.42%5.1M38.1M1.62M
2026-10-1513.11%5.0M38.1M1.64M
2026-09-3012.92%4.9M38.1M1.74M
2026-09-1511.86%4.5M38.1M1.93M
2026-08-3111.30%4.3M38.1M1.57M
2026-08-149.62%3.7M38.1M1.64M
2026-07-3111.41%4.3M37.9M1.63M
2026-07-1510.13%3.8M37.9M1.60M
2026-06-3010.81%4.1M37.9M1.41M
2026-06-1512.80%4.8M37.5M1.22M
2026-05-2912.30%4.6M37.5M1.68M
2026-05-1512.34%4.6M37.5M1.60M
2026-04-3012.05%4.5M37.5M1.62M
2026-04-1511.64%4.4M37.5M1.73M
2026-03-3112.32%4.6M37.5M1.88M
2026-03-1310.24%3.8M37.5M1.79M
2026-02-279.17%3.4M37.5M1.37M
2026-02-138.43%3.2M37.5M1.34M
2026-01-307.87%2.9M37.5M1.25M
2026-01-158.85%3.3M37.5M1.12M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call71.0051.5057.4053.096.1642.000.000.959-0.9980.008
call72.0051.1056.4052.176.0433.000.000.958-0.9940.009
call73.0049.6055.4051.545.9231.000.000.957-0.9900.009
call74.0048.6054.400.005.8040.000.000.956-0.9860.009
call75.0047.5053.4044.025.6870.000.000.955-0.9810.009
call76.0047.2052.400.005.5720.000.000.954-0.9770.009
call77.0045.5051.4045.985.4581.000.000.953-0.9720.009
call78.0044.5050.4045.055.3452.000.000.952-0.9670.009
call79.0043.5049.4043.985.2341.000.000.951-0.9620.010
call80.0042.8048.4042.775.1231.000.000.950-0.9570.010
call81.0041.5047.4041.845.0141.000.000.949-0.9520.010
call82.0041.1046.300.004.8410.000.000.948-0.9470.010
call83.0039.6045.400.004.8000.000.000.947-0.9420.010
call84.0039.4044.400.004.6940.000.000.946-0.9360.010
call85.0037.8043.4037.854.5893.000.000.944-0.9310.011
call86.0036.6042.4036.854.4863.000.000.943-0.9250.011
call87.0035.6041.5035.654.4433.000.000.942-0.9190.011
call88.0034.6040.5034.724.3403.000.000.940-0.9130.011
call89.0033.6039.500.004.2380.000.000.939-0.9070.012
call90.0032.6038.5034.704.13711.000.000.937-0.9010.012
call91.0032.2037.500.004.0370.000.000.936-0.8940.012
call92.0030.7036.5031.483.9388.000.000.934-0.8880.012
call93.0029.7035.5030.553.8398.000.000.933-0.8810.012
call94.0028.7034.500.003.7410.000.000.931-0.8740.013
call95.0027.7033.5029.933.6448.000.000.929-0.8660.013
call96.0027.2032.5029.003.5471.000.000.927-0.8590.013
call97.0025.5031.709.513.45927.000.000.925-0.8520.013
call98.0024.8029.708.782.93127.000.000.923-0.8430.014
call99.0023.7029.500.003.2610.000.000.921-0.8350.014
call10022.7028.508.003.1677.000.000.918-0.8260.014
call10122.2027.600.003.1190.000.000.913-0.8490.015
call10220.5026.5017.232.9793.000.000.910-0.8400.015
call10319.8025.500.002.8860.000.000.907-0.8300.016
call10418.9023.402.202.2551.000.000.904-0.8190.016
call10517.9023.3022.202.53025.000.000.902-0.8110.017
call10617.3022.705.482.6932.000.000.898-0.7980.017
call10716.3021.9010.002.6091.000.000.895-0.7880.017
call10814.9020.907.532.51620.000.000.891-0.7760.018
call10914.4020.000.002.4620.000.000.887-0.7640.018
call11013.0019.0016.102.36740.000.000.882-0.7500.019
call11112.0018.008.802.33657.000.000.860-0.8600.021
call11211.6017.007.752.24016.000.000.854-0.8430.022
call11310.3016.4013.502.28210.000.000.847-0.8240.022
call1149.8015.204.072.11516.000.000.838-0.8170.023
call1158.6012.009.211.59764.000.000.813-0.9170.026
call1168.2013.706.351.8517.000.000.791-0.9830.027
call1176.5013.009.502.0673.000.000.772-1.0120.029
call1186.6012.2010.202.0219.000.000.742-1.1140.031
call1195.4010.106.801.58322.000.000.734-1.0240.031
call1204.108.505.651.25175.000.000.708-1.0970.033
call1214.008.004.791.34645.000.000.666-1.2410.035
call1224.207.404.701.35313.000.000.642-1.2380.036
call1232.956.904.001.37918.000.000.605-1.4570.037
call1242.905.403.501.12550.000.000.584-1.3160.037
call1252.205.802.471.2701220.000.555-1.3080.038
call1263.004.403.001.13818.005.000.525-1.1860.038
call1270.705.202.001.26231.000.000.495-1.2670.038
call1281.453.302.801.08648.001.000.461-1.1840.038
call1291.352.802.161.05844.002.000.425-1.1280.037
call1301.301.901.800.97624426.000.377-0.9800.036
call1310.352.551.011.06677.000.000.362-1.0750.036
call1320.252.401.351.15362.001.000.345-1.1300.035
call1330.004.000.601.23538.000.000.325-1.1410.034
call1340.151.750.551.19026.000.000.291-1.0470.033
call1350.450.800.800.9443712.000.224-0.7710.028
call1360.152.050.731.0083910.000.203-0.7370.027
call1370.200.750.471.02736.0010.000.174-0.6570.024
call1380.003.100.251.08648.000.000.155-0.6130.023
call1390.001.700.781.14486.000.000.140-0.5860.021
call1400.050.600.331.1251352.000.118-0.5120.019
call1410.003.001.591.1793.000.000.114-0.5220.018
call1420.001.700.351.23210.000.000.110-0.5320.018
call1430.003.000.171.28369.000.000.107-0.5410.017
call1440.002.000.501.3212.000.000.104-0.5480.017
call1450.003.000.301.38483.000.000.100-0.5590.017
call1460.003.000.791.43419.000.000.098-0.5670.016
call1470.003.000.751.46955.000.000.095-0.5730.016
call1480.003.000.051.53010.006.000.093-0.5820.016
call1490.003.001.121.5642.000.000.091-0.5870.016
call1500.001.151.501.6116621.000.089-0.5940.015
call152.50.001.000.051.70528.000.000.085-0.6080.015
call1550.001.500.051.83412.000.000.080-0.6260.014
call157.50.001.000.001.9400.000.000.076-0.6390.014
call1600.001.250.302.0444.000.000.073-0.6520.013
call162.50.001.300.002.1450.000.000.070-0.6640.013
call1650.000.100.051.62311.000.000.018-0.1680.004
call1700.001.501.711.7953.000.000.017-0.1730.004
call1750.001.500.141.9416.000.000.016-0.1770.004
call1800.001.500.152.0912.000.000.015-0.1800.004
call1850.003.000.002.2170.000.000.014-0.1830.003
call1900.001.502.362.34831.000.000.013-0.1860.003
call1950.001.500.002.4740.000.000.013-0.1890.003
call2000.001.500.052.6042.000.000.012-0.1910.003
call2050.003.200.052.7132.000.000.012-0.1930.003
call2100.001.500.052.8271.000.000.012-0.1950.003
call2150.003.000.222.9372090.000.011-0.1970.003
put71.000.003.400.004.2100.000.00-0.024-0.5390.005
put72.000.003.000.004.8150.000.00-0.042-0.9870.009
put73.000.003.400.004.0550.000.00-0.024-0.5350.006
put74.000.003.000.003.9680.000.00-0.025-0.5330.006
put75.000.003.200.003.8830.000.00-0.025-0.5310.006
put76.000.003.000.004.4220.000.00-0.046-0.9690.009
put77.000.003.000.004.3370.000.00-0.046-0.9620.009
put78.000.003.000.004.2230.000.00-0.048-0.9590.009
put79.000.003.000.004.1290.000.00-0.049-0.9540.010
put80.000.003.000.153.4703.000.00-0.028-0.5190.006
put81.000.003.000.003.9460.000.00-0.051-0.9430.010
put82.000.003.000.003.8660.000.00-0.052-0.9390.010
put83.000.003.000.003.7610.000.00-0.053-0.9280.010
put84.000.003.000.003.6630.000.00-0.063-1.0090.012
put85.000.003.000.673.6012.000.00-0.055-0.9220.011
put86.000.003.000.003.5141.000.00-0.057-0.9170.011
put87.000.003.000.003.4281.000.00-0.058-0.9110.011
put88.000.003.000.003.3431.000.00-0.059-0.9040.011
put89.000.003.001.483.2593.000.00-0.061-0.8980.011
put90.000.003.001.603.1751470.00-0.062-0.8920.012
put91.000.003.001.053.0921.000.00-0.064-0.8850.012
put92.000.003.001.213.0101.000.00-0.065-0.8780.012
put93.000.003.000.002.9170.000.00-0.067-0.8700.012
put94.000.003.000.002.8360.000.00-0.069-0.8630.013
put95.000.003.000.302.76673.000.00-0.071-0.8570.013
put96.000.003.000.002.6870.000.00-0.073-0.8490.013
put97.000.003.001.952.60712.000.00-0.075-0.8420.013
put98.000.003.000.332.5285.000.00-0.077-0.8340.014
put99.000.003.200.352.45010.000.00-0.079-0.8250.014
put1000.000.900.142.39089.000.00-0.081-0.8190.014
put1010.003.200.262.3282.000.00-0.086-0.8400.015
put1020.003.000.352.25011.000.00-0.089-0.8300.015
put1030.003.000.232.17219.000.00-0.092-0.8200.016
put1040.003.001.832.08310.000.00-0.096-0.8080.016
put1050.002.400.152.01824.000.00-0.098-0.7990.017
put1060.002.350.301.9411.000.00-0.102-0.7880.017
put1070.002.502.901.8643.000.00-0.105-0.7760.017
put1080.002.400.351.7873.000.00-0.109-0.7640.018
put1090.002.550.261.6989.000.00-0.114-0.7490.018
put1100.050.950.201.62259.001.00-0.119-0.7360.019
put1110.002.700.651.6813.000.00-0.139-0.8510.021
put1120.001.500.481.58894.000.00-0.146-0.8300.022
put1130.001.500.701.52115.000.00-0.151-0.8150.022
put1140.101.200.381.42612.001.00-0.162-0.8040.023
put1150.250.800.401.46618.002.00-0.187-0.9050.026
put1160.052.500.901.4539.000.00-0.206-0.9660.027
put1170.101.652.001.3499.000.00-0.228-0.9990.029
put1180.303.001.801.38037.000.00-0.258-1.1010.031
put1190.603.602.201.28710.000.00-0.266-1.0110.031
put1200.902.001.491.19168.001.00-0.278-0.9310.032
put1211.253.507.971.5361.000.00-0.334-1.2270.035
put1220.953.702.651.4825.000.00-0.358-1.2250.036
put1231.805.308.911.8041.000.00-0.395-1.4440.037
put1240.055.9010.121.70711.000.00-0.416-1.3020.037
put1251.706.303.481.57815.000.00-0.445-1.2940.038
put1262.305.404.401.4444.000.00-0.475-1.1720.038
put1273.006.205.801.5156.000.00-0.505-1.2530.038
put1283.807.0023.001.6072.000.00-0.533-1.1760.038
put1292.157.9014.651.5568.000.00-0.575-1.1140.037
put1305.307.506.321.39224.001.00-0.623-0.9650.036
put1315.009.109.611.6525.000.00-0.638-1.0600.036
put1326.6010.409.661.8292.000.00-0.655-1.1150.035
put1336.3011.208.331.8674.000.00-0.675-1.1260.034
put1346.2012.1010.371.9284.000.00-0.709-1.0320.033
put1357.8013.5032.902.1636.000.00-0.722-1.0370.032
put1369.4014.4033.902.1831.000.00-0.797-0.7220.027
put13710.4015.4034.732.2650.000.00-0.826-0.6420.024
put1389.9016.1013.262.2592.000.00-0.845-0.5980.023
put13910.8016.3016.302.4240.000.00-0.860-0.5700.021
put14011.7018.1027.902.4541.000.00-0.881-0.4940.019
put14112.6018.7016.342.4101.000.00-0.885-0.5040.019
put14213.6020.300.002.6490.000.00-0.890-0.5160.018
put14315.2021.200.002.6910.000.00-0.893-0.5250.017
put14416.1021.5016.892.5140.000.00-0.897-0.5340.017
put14517.1022.2022.902.4850.000.00-0.900-0.5430.017
put14618.1024.2033.772.8680.000.00-0.902-0.5500.016
put14719.1025.200.002.9340.000.00-0.905-0.5580.016
put14820.1026.2043.203.0310.000.00-0.907-0.5650.016
put14920.6027.100.003.0640.000.00-0.910-0.5720.016
put15022.3028.1020.073.0950.000.00-0.912-0.5790.015
put152.524.0030.7050.303.2810.000.00-0.916-0.5950.015
put15526.5033.2044.323.4300.000.00-0.920-0.6100.014
put157.529.0035.600.003.5400.000.00-0.924-0.6230.014
put16031.5038.1042.003.7320.000.00-0.927-0.6350.013
put162.534.1040.600.003.8130.000.00-0.930-0.6480.013
put16536.6043.200.004.0670.000.00-0.982-0.1510.004
put17041.6048.200.004.3200.000.00-0.983-0.1540.004
put17546.6053.2047.724.4660.000.00-0.984-0.1580.004
put18051.6058.200.004.6920.000.00-0.985-0.1600.004
put18556.6063.200.004.9070.000.00-0.986-0.1630.003
put19061.6068.200.005.1140.000.00-0.987-0.1650.003
put19567.1073.200.005.3110.000.00-0.987-0.1670.003
put20071.6078.200.005.5010.000.00-0.988-0.1690.003
put20576.6083.200.005.6830.000.00-0.988-0.1710.003
put21081.6088.200.005.8590.000.00-0.989-0.1720.003
put21586.6093.200.006.0290.000.00-0.989-0.1740.003

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-048-KCurrent report2026-10-30SEC
2026-10-15144Filing for proposed sale of securities under Rule 144.SEC
2026-09-308-KCurrent report2026-09-24SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-164Statement of changes in beneficial ownership of securities2026-09-14SEC
2026-09-1010-QQuarterly report pursuant to Section 13 or 15(d)2026-08-01SEC
2026-09-098-KCurrent report2026-09-09SEC
2026-08-194Statement of changes in beneficial ownership of securities2026-08-17SEC
2026-08-14144Filing for proposed sale of securities under Rule 144.SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-143Initial statement of beneficial ownership of securities2026-08-05SEC
2026-08-14ARSAnnual report to security holders. 2026-04-30SEC
2026-08-14DEF 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-09-24SEC
2026-08-078-KCurrent report2026-08-03SEC
2026-07-298-KCurrent report2026-07-23SEC
2026-07-27SCHEDULE 13G/ASEC
2026-07-164Statement of changes in beneficial ownership of securities2026-07-15SEC
2026-07-164/A2024-06-26SEC
2026-07-164Statement of changes in beneficial ownership of securities2026-07-15SEC
2026-07-154Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-154Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-154Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-15144Filing for proposed sale of securities under Rule 144.SEC
2026-07-15144Filing for proposed sale of securities under Rule 144.SEC
2026-07-154Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-154Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-154Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-154/A2026-07-02SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-13SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090053.29K2
2026-080089.38K2
2026-070078.36K2
2026-060043.60K1
2026-050040.58K1
2026-040049.32K1
2026-0300259.56K4
2026-0200431.45K3
2026-0100744.85K2
2025-1200177.61K2
2025-1100170.04K1

Institutional holders

Manager% owned
OFI INVEST ASSET MANAGEMENT12.59%
STATE OF WISCONSIN INVESTMENT BOARD8.07%
BlackRock, Inc.6.97%
STATE STREET CORP4.39%
VANGUARD CAPITAL MANAGEMENT LLC3.30%
VANGUARD PORTFOLIO MANAGEMENT LLC3.10%
Bank of New York Mellon Corp2.66%
Sphera Management Technology Funds Ltd2.20%
BAILLIE GIFFORD & CO1.92%
Heard Capital LLC1.81%

Funds

Fund% owned
iShares Convertible Bond ETF30.13%
Miller Convertible Bond Fund23.71%
State Street(R) SPDR(R) Bloomberg Convertible Securities ETF22.16%
CALAMOS CONVERTIBLE & HIGH INCOME FUND13.52%
CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND13.02%
Calamos Convertible Fund12.02%
Calamos Dynamic Convertible & Income Fund11.01%
Putnam Convertible Securities Fund10.47%
NYLI MacKay Convertible Fund9.68%
Fidelity Convertible Securities Fund9.64%

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