AEROVIRONMENT, INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2017 | 42.3% | 9.1% | 5.7% |
| FY2018 | 39.7% | 11.2% | 6.5% |
| FY2019 | 40.9% | 10.8% | 15.1% |
| FY2020 | 41.7% | 12.8% | 11.2% |
| FY2021 | 41.7% | 11.0% | 5.9% |
| FY2022 | 31.7% | -2.2% | -0.9% |
| FY2023 | 32.1% | -33.1% | -32.6% |
| FY2024 | 39.6% | 10.0% | 8.3% |
| FY2025 | 38.8% | 5.0% | 5.3% |
| FY2026 | 25.3% | -15.7% | -13.4% |
You never know who's swimming naked until the tide goes out.