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Develops electric vertical-takeoff-and-landing (eVTOL) aircraft for urban air-taxi and defense mobility use.
Develops electric vertical-takeoff-and-landing (eVTOL) aircraft for urban air-taxi and defense mobility use.
Has no commercial sales yet; it is funded by money raised from investors while it works toward US aviation-regulator certification of its Midnight aircraft. Stellantis is a manufacturing partner and investor, United Airlines a launch customer, and Anduril a defense partner, so each milestone matters more than any financial result.
Moat: narrow (IP / patents, regulatory licence). FAA certification progress and patented eVTOL design are difficult and slow for new entrants to replicate.
Headquarters: San Jose, California, US · Founded: 2018 · Employees: 1,660
Size Archer Aviation (ACHR) is a United States Industrials company (Aerospace & Defense) with a market value of $3.42B, the 1450th largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.44 on 6 Nov 2026.
Performance Over six months the shares fell 31.5%, against -14.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth The operating margin is -13,569.6% (peer median 1.7%).
Valuation It trades at 1.81× book value against a peer median of 2.69× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 33.5%; Archer Aviation delivers -44.8%, so the price asks more than the business earns today.
Short interest Short interest is 14.9% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.90M | $300,000 | $0 | $0 | $0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -$27.1M | -$19.9M | -$11.7M | -$5.80M | -$7.70M |
| EBITDA | -$907M | -$709M | -$488M | -$439M | -$329M |
| Net income | -$800M | -$618M | -$537M | -$458M | -$317M |
| Free cash flow | -$660M | -$512M | -$451M | -$316M | -$207M |
| Capital expenditure | $141M | $105M | $82.0M | $44.3M | $6.90M |
| Total debt | $126M | $122M | $79.0M | $23.2M | $22.2M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Archer Aviation ACHR | $3.42B | -31% | n/a | -45% | 1.81× | 33.5% |
| Joby Aviation JOBY | $5.89B | -45% | +118,568% | -66% | 3.31× | 56.2% |
| BETA Technologies BETA | $6.37B | +45% | +136% | -47% | 4.20× | 50.0% |
| Eve EVEX | $645M | -43% | n/a | -1,179% | 28.24× | 232.0% |
| EHang Holdings Ltd. Sponsored ADR EH | $309M | -61% | -3% | -28% | 2.25× | 20.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ACHR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.9% | +0.2% | 4th lowest of 21 |
| 6-month return | -31.5% | -14.9% | 3rd lowest of 21 |
| Return on equity | -44.8% | 2.3% | 2nd lowest of 21 |
| Price / book | 1.81× | 2.69× | 3rd cheapest of 21 |
| ROE the price implies | 33.5% | 24.5% | 7th most demanding of 21 |
| ROE delivered | -44.8% | 1.9% | 2nd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Archer Aviation ACHR | United States | $3.42B | -31% | n/a | -45% | 1.81× | 33.5% | -44.8% |
| Firefly Aerospace FLY | United States | $3.48B | -48% | +179% | -57% | 2.82× | 20.0% | -56.9% |
| QinetiQ QQ..L | United Kingdom | $3.51B | +26% | 0% | 18% | 4.83× | 27.8% | 18.2% |
| Baimtec Material 688563.SS | China | $3.53B | -12% | -1% | 4% | 2.17× | 14.6% | 4.3% |
| Avicopter 600038.SS | China | $3.54B | -8% | -6% | 3% | 1.34× | 9.3% | 2.5% |
| Lisi FII.PA | France | $3.27B | 0% | -8% | 8% | 2.57× | 29.2% | 8.2% |
| Inner Mongolia First Machinery 600967.SS | China | $3.22B | -10% | -7% | 2% | 1.82× | 13.9% | 1.7% |
| Anhui GreatWall Military Industry 601606.SS | China | $3.20B | -22% | -10% | -4% | 10.08× | 106.2% | -4.3% |
| AECC Aero-engine Control 000738.SZ | China | $3.66B | -10% | -3% | 1% | 1.94× | 12.5% | 1.3% |
| AviChina Industry & Technology 2357.HK | Hong Kong | $3.11B | -13% | +2% | 4% | 0.60× | 5.3% | 4.5% |
| Jiangxi Hongdu Aviation Industry 600316.SS | China | $3.77B | -4% | +62% | 1% | 4.68× | 39.7% | 0.8% |
| RENK R3NK.DE | Germany | $3.84B | -24% | +11% | 23% | 7.30× | 115.0% | 22.6% |
| Avic (Chengdu) UAS 688297.SS | China | $3.93B | -15% | +74% | 2% | 4.69× | 26.1% | 2.1% |
| North Industries Group Red Arrow 000519.SZ | China | $2.88B | -22% | +100% | 1% | 1.85× | 19.8% | 1.4% |
| Bharat Dynamics BDL.NS | India | $4.12B | -28% | -19% | 10% | 9.16× | 163.4% | n/a |
| Sai MicroElectronics 300456.SZ | China | $2.75B | -45% | -59% | 24% | 2.37× | 26.8% | 24.1% |
| Aar AIR | United States | $4.39B | -7% | +22% | 13% | 2.52× | 22.0% | 12.9% |
| North Navigation Control Technology 600435.SS | China | $2.65B | -19% | -32% | -3% | 6.28× | 45.8% | -2.6% |
| Aerospace CH UAV 002389.SZ | China | $2.64B | -17% | +3% | 0% | 2.25× | 17.5% | 0.2% |
| Mercury Systems MRCY | United States | $4.48B | -19% | +8% | -2% | 2.93× | 22.8% | -2.0% |
| Nanchang Sanrui Intelligence Technology 301696.SZ | China | $4.87B | -14% | +29% | 44% | 14.94× | 122.3% | n/a |