AeroVironment Inc (AVAV)
Pretax margin
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 39,664 | 63,231 | -188,377 | -19,143 | 34,365 |
| Revenue | US$ in thousands | 692,722 | 716,720 | 540,536 | 445,732 | 394,912 |
| Pretax margin | 5.73% | 8.82% | -34.85% | -4.29% | 8.70% |
April 30, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $39,664K ÷ $692,722K
= 5.73%
The pretax margin of AeroVironment Inc. demonstrates significant fluctuation over the analyzed period. As of April 30, 2021, the company maintained a positive pretax margin of 8.70%, indicating profitable operations before income taxes. However, this margin experienced a substantial decline by April 30, 2022, turning negative at -4.29%, reflecting an erosion of pre-tax profitability, potentially due to increased costs, reduced revenue, or operational challenges.
The decline became more pronounced by April 30, 2023, with the pretax margin contracting further to -34.85%, suggesting that the company faced considerable difficulties impacting its earnings before tax during that year. This stark negative margin indicates that expenses and costs substantially exceeded revenues, resulting in a significant pre-tax loss.
Remarkably, by April 30, 2024, the pretax margin rebounded sharply to 8.82%, surpassing the earlier positive margin in 2021. This recovery suggests a notable improvement in the company's operational efficiency or revenue generation capacity, leading to profitable pre-tax results once again.
The trend continued into April 30, 2025, with the pretax margin settling at 5.73%, reflecting a maintained positive profitability, albeit at a somewhat lower level than the peak seen in 2024. Overall, the data depict a period of considerable volatility for AeroVironment Inc., characterized by a sharp downturn in 2022-2023 followed by a significant recovery and stabilization in the subsequent years.
Peer comparison
Apr 30, 2025