AeroVironment, Inc.

AVAVNASDAQIndustrials● Active

$189.22

+$3.30(+1.77%)

Market Cap$9.4B

P/E Ratio—

52W High$417.86

52W Low$156

Avg Volume1.4M

Open$187.01

Beta1.36

Free Cash Flow Financials Revenue

AeroVironment, Inc. (AVAV) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AVAV · free cash flow · updated Jun 8, 2026

Core FCF metrics

AVAV · FCF · TTM · margin & CAGR

Free cash flow was −$24.1M for FY2025 (fiscal year ending 2025-04-30), down 162.6% year-over-year The FCF margin was -2.9%.

FY2025 Free Cash Flow−$24.1M▼ -162.6% YoY

Trailing 12M (TTM)−$195.3Mtrailing 4 quarters sum

FCF Margin-2.9%−$24.1M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AVAV · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$1.3M(23M)−$24.1M▼ 162.6%-2.9%

FY2024$15.3M(24M)−$9.2M▼ 165.0%-1.3%

FY2023$11.4M(15M)−$3.5M▲ +89.1%-0.6%

FY2022−$9.6M(22M)−$31.9M▼ 142.4%-7.2%

FY2021$86.5M(11M)$75.3M▲ +442.4%19.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AVAV · P/FCF · FCF yield · FCF per share

AeroVironment, Inc. (AVAV) reported negative free cash flow of −$0.02B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-04-30

Cash flow statement summary

AVAV · cash flow statement · operating / investing / financing

For FY2025, AeroVironment, Inc. generated −$1.3M in operating cash flow and spent 23M in capital expenditures, yielding −$24.1M in free cash flow.

Operating Activities

−$1.3M

Cash from core business operations

2025-04-30

Investing Activities

−$28.5M

CapEx, acquisitions & investments

2025-04-30

Financing Activities

−$2.9M

Buybacks, dividends & debt

2025-04-30

FCF FormulaOperating CF (−$1.3M) − |CapEx| (23M) = FCF (−$24.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

AVAV vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

AeroVironment, Inc.YOU

AVAV

−$24.1M-162.6%-2.9%

Loss

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

AeroVironment, Inc. (AVAV) reported free cash flow of −$24.1M for FY2025 (fiscal year ending 2025-04-30), down 162.6% year-over-year. The FCF margin was -2.9%.

Based on available data, AeroVironment, Inc. has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $75.3M in FY2021.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AVAV free cash flow · 8 questions

AeroVironment, Inc. free cash flow was −$24.1M for FY2025, down 162.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$195.3M.

AVAV free cash flowAVAV FCFAVAV FCF 2025AVAV free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · AeroVironment, Inc. · AeroVironment, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026