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Provides intelligence, surveillance and reconnaissance (ISR) aircraft modification, sensors and data-analytics services for US defense/government.
Provides intelligence, surveillance and reconnaissance (ISR) aircraft modification, sensors and data-analytics services for US defense/government.
Moat: narrow (customer qualification, regulatory licence). Security-cleared, specialized ISR integration work with an established government customer base.
Headquarters: Solana Beach, California, US · Founded: 2019 · Employees: 650
Size AEVEX (AVEX) is a United States Industrials company (Aerospace & Defense) with a market value of $1.29B, the 2084th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.20 on 6 Nov 2026.
Performance Over six months the shares fell 59.3%, against -14.0% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 143.4% over the last twelve months (peer median +17.5%); the operating margin is 11.4% (peer median 2.1%).
Valuation It trades at 19.6× forward earnings against a peer median of 38.2× (3rd cheapest of 14).
Capital Return on invested capital runs 10.7 points below its cost of capital (18.7% WACC).
Backlog Backlog (remaining performance obligations) was $260M at 30 Jun 2026. Backlog detail →
Short interest Short interest is 5.8% of the free float (15 Oct 2026).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | $697M | $433M | $392M |
| Revenue growth | — | +10% | — |
| Gross profit | $160M | $77.7M | $92.2M |
| EBITDA | $101M | $32.0M | $66.7M |
| Net income | $45.5M | -$16.9M | $78.5M |
| Free cash flow | n/a | -$105M | $56.4M |
| Capital expenditure | n/a | $8.47M | $8.48M |
| Total debt | $108M | $267M | $271M |
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 | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| AEVEX AVEX | $1.29B | -59% | +143% | 11% | 19.6× | n/a |
| L3Harris LHX | $48.4B | -13% | +7% | 12% | 20.1× | 7.0% |
| Leidos LDOS | $16.2B | +2% | +3% | 12% | 11.4× | -6.4% |
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 | AVEX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.2% | -3.1% | 2nd lowest of 21 |
| 6-month return | -59.3% | -14.0% | lowest of 20 |
| Distance from 52-week high | -75.9% | -35.7% | lowest of 21 |
| Revenue growth (TTM) | +143.4% | +17.5% | 2nd highest of 21 |
| Operating margin | 11.4% | 2.1% | 4th highest of 21 |
| Forward P/E | 19.6× | 38.2× | 3rd cheapest of 14 |
| ROIC minus cost of capital | -10.7 pp | -5.7 pp | 4th lowest of 21 |
| EV / EBITDA | 23.7× | 16.6× | 2nd most expensive of 7 |
| Net debt / EBITDA | -1.1× | 0.4× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AEVEX AVEX | United States | $1.29B | -59% | +143% | 11% | 19.6× | n/a | n/a |
| Magellan Aerospace MAL.TO | Canada | $1.29B | +17% | +15% | 9% | 23.8× | n/a | n/a |
| North Electro-Optic 600184.SS | China | $1.26B | -34% | +23% | 0% | n/a | n/a | n/a |
| H&k MLHK.PA | France | $1.25B | -10% | +36% | 18% | n/a | -4.2% | +7.4% |
| Hefei Jianghang Aircraft Equipment 688586.SS | China | $1.38B | -11% | -4% | 2% | 27.1× | 49.7% | +2.6% |
| Beijing LeiKe Defense Technology 002413.SZ | China | $1.39B | -46% | -5% | -6% | n/a | n/a | n/a |
| Cadre CDRE | United States | $1.40B | +9% | +20% | 11% | 22.5× | 16.9% | +8.6% |
| Sichuan 6912 Communication Technology 301592.SZ | China | $1.18B | -14% | -3% | 9% | n/a | n/a | n/a |
| Beijing Highlander Digital Technology 300065.SZ | China | $1.44B | -48% | -32% | -1% | 78.8× | n/a | n/a |
| CIMC Safeway Technologies 301559.SZ | China | $1.14B | -24% | +13% | 4% | 54.6× | n/a | n/a |
| Aerospace Industrial Development 2634.TW | Taiwan | $1.46B | +3% | +3% | 6% | 19.5× | 4.1% | +11.0% |
| Beijing Beimo High-tech Frictional Material 002985.SZ | China | $1.46B | -17% | +36% | 28% | 38.2× | n/a | n/a |
| Xi'an Triangle Defense 300775.SZ | China | $1.50B | -39% | -29% | 2% | 17.6× | 31.7% | +21.0% |
| Shaanxi Zhongtian Rocket Technology 003009.SZ | China | $1.10B | -26% | +42% | -6% | n/a | n/a | n/a |
| Electro Optic Systems EOS.AX | Australia | $1.08B | -18% | +225% | -7% | 43.9× | n/a | n/a |
| Guanglian Aviation Industry 300900.SZ | China | $1.07B | -51% | +1% | -10% | 57.5× | n/a | n/a |
| Aequs AEQUS.NS | India | $1.56B | +8% | +33% | -7% | n/a | n/a | n/a |
| Paras Defence & Space Technologies PARAS.NS | India | $1.06B | +43% | +42% | 23% | 85.7× | n/a | n/a |
| Avio AVIO.MI | Italy | $1.60B | -2% | +14% | 1% | 89.7× | 26.1% | +10.6% |
| National Presto Industries NPK | United States | $1.02B | 0% | +21% | 9% | n/a | 8.3% | +7.4% |
| Applied Aerospace & Defense AADX | United States | $1.67B | n/a | +35% | -10% | 23.4× | n/a | n/a |
AEVEX reported $260M of remaining performance obligations at 30 Jun 2026.