Archer Aviation vs Joby Aviation
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KIRAβs take AI analyst
I put Archer Aviation and Joby Aviation side by side, using each oneβs latest annual report. Here is what stands out:
- Joby Aviation is the larger business, with $53.4M of revenue in fiscal 2025 against $0.3M for Archer Aviation, about 53 times as much.
- Joby Aviation kept more of each dollar of sales as operating profit (β1,346.9% operating margin, against β243,100.0%).
- Joby Aviation turned more of its sales into free cash flow (β1,055.3% FCF margin, against β170,566.7%).
Who comes out ahead
Of the 5 measures where higher (or lower) is clearly better, how many each company leads.
Archer Aviation
ACHR
1/5
Return on equity
Joby Aviation
JOBY
4/5
Operating marginNet marginFCF marginShare count change
Side by side
Best in the row
| Latest fiscal year | ACHR FY25 | JOBY FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.1B | $4.6B |
| Revenue | $0.3M | $53.4M |
| Free cash flow | β$512M | β$564M |
| Net income | β$618M | β$930M |
| Growth | ||
| Revenue growth | β | 39,183.1% |
| 5-year growth | β | β |
| Share count change | 65.7% | 18.1% |
| Profitability | ||
| Gross margin | 33.3% | β |
| Operating margin | β243,100.0% | β1,346.9% |
| Net margin | β206,066.7% | β1,740.5% |
| FCF margin | β170,566.7% | β1,055.3% |
| Return on capital | β | β |
| Return on equity | β41.8% | β80.1% |
| Balance sheet | ||
| Net debt | β$1.9B | β |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $0.0M | $0.0M |
| Valuation & quality | ||
| P/E | β | β |
| Piotroski F-score | 5 | β |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.

