Company / R&D Expense
AeroVironment R&D Expense History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$100.7M
FY2024
5-year range
$53.8M / $100.7M
FY2020-FY2024
Trend
+3.1%
vs FY2023
Sector context
#73 of 174
Industrials
What the data says
At $101M, AeroVironment's r&d expense ranks #73 of 174 in the Industrials sector. R&D Expense has increased for 7 consecutive years, from $26M in FY2017 to $101M in FY2024.
Based on SEC 10-K filings.
$101M in FY2024 with a 5-year CAGR of +16.7%.
Improved from $64M to $101M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +22.6%
- 5-Year CAGR
- +16.7%
- 10-Year CAGR
- -
Sector benchmark
#73 of 174 in IndustrialsTop 42% of 174This company $100.7M Sector average $273.7M
▼
-63.2% below sector average
Key checks
Key Insights
- AeroVironment's r&d expense has grown for 7 consecutive years.
- 5-year CAGR of +16.7%, indicating consistent growth.
- In FY2024, r&d expense increased 3.1% year-over-year.
- Ranks #73 out of 174 companies in the Industrials sector.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $100.7M | +3.1% |
| FY2023 | $97.7M | +52.0% |
| FY2022 | $64.3M | +17.5% |
| FY2021 | $54.7M | +1.7% |
| FY2020 | $53.8M | +15.7% |
| FY2019 | $46.5M | +35.8% |
| FY2018 | $34.2M | +29.5% |
| FY2017 | $26.4M | -7.1% |
| FY2016 | $28.5M | -18.8% |
| FY2015 | $35.0M | -24.6% |
As of FY2024 · SEC 10-K · Updated Jul 2, 2026