ACHR Industrials

Archer Aviation Inc.

$4.13-0.96%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Industrials
Industry: Aerospace & Defense
Country: United States
Market cap: 3.2B USD
Enterprise value: 1.7B USD
Full-time employees: 1,160

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 3.23 vs a peer median of 0.64)bigger price swings (beta 3.23 vs peers 0.64)
Not enough data: growth

Would rank #1,901 of 2,308 fully scored industrials companies (bottom 18%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 74500% of revenue in 2025.
Archer Aviation paid employees $224M in stock in 2025, 74500% of its $0M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Archer Aviation reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
More volatile share price. Beta 3.23: tends to move more than the market.
Archer Aviation's shares have swung more with the market than most peers' (beta 3.23, above the market's 1.0).

StockQuotient Score

32/ 100

Oct 5 32 → Nov 4 32

Valuation

Is the price right?

9/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-25.1%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.28Sector median: 0.0377 · MAD: 0.0294

EBITDA yield-53.8%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield-20.8%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield59.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-13666.7%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -5.28Sector median: 0.0773 · MAD: 0.0507

Return on assets-36.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.56Sector median: 0.0311 · MAD: 0.0241

Return on invested capital-66.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin14.5%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity-42.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta3.23

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.49Sector median: 0.6440 · MAD: 0.2745

Current ratio10.21×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 6.75Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.04×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.06Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Archer Aviation

Is Archer Aviation getting weaker?: Its latest SEC filing (Aug 10, 2026) showed no major changes. Its overall score is unchanged at 32/100 since Oct 28, 2026.
How is Archer Aviation valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -25.1% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -25.1% vs peers 3.8% (weaker than 100% of peers).
Is Archer Aviation growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is Archer Aviation?: Less profitable than most of its peers. Profitability scores 0/100 against 2,459 industrials peers. Operating margin -13666.7% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -13666.7% vs peers 7.7% (weaker than 100% of peers).
How risky is Archer Aviation?: Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 10.21× vs a peer median of 1.62× (stronger than 95% of peers).Current ratio 10.21× vs peers 1.62× (stronger than 95% of peers). Beta 3.23 vs a peer median of 0.64 (weaker than 100% of peers).Beta 3.23 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: Archer Aviation is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	1.9M USD	6.9M USD	+263.2%
Net income (12 months)	−742.5M USD	−799.7M USD	+7.7%
Operating margin	-44205.3%	-13666.7%	+30538.6 pts
Free cash flow (12 months)	−588.8M USD	−660.0M USD	+12.1%
Debt	80.2M USD	80.1M USD	−0.1%
Cash	951.1M USD	852.7M USD	−10.3%
Shares outstanding	759.6M	770.0M	+1.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Aerospace & Defense · 48 companies

Valuations in Aerospace & Defense are near the top of their range since 2016.

88% of months since 2016 were valued lower than now.
50% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +71% and earnings +71% (medians): prices and earnings moved broadly together.
Median price-to-sales is +41% vs the whole market, against a usual −16%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	—	—	—	—	33.3%	—
Operating margin	—	—	—	—	-243100.0%	—
Net margin	—	—	—	—	-206066.7%	—
Return on assets (ROA)	-45.3%	-55.3%	-82.6%	-53.6%	-25.1%	▲ 29 pts
Return on equity (ROE)	-49.8%	-64.3%	-124.7%	-71.3%	-28.1%	▲ 43 pts
Free cash flow margin	—	—	—	—	-170566.7%	—
Current ratio	26.67×	10.23×	4.21×	12.07×	19.89×	▲ 65%
Debt to equity	0.04×	0.04×	0.02×	0.09×	0.04×	▼ 57%
Interest coverage	-358.30×	—	—	—	—	—

ACHR price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 3.23 vs a peer median of 0.64)bigger price swings (beta 3.23 vs peers 0.64)

Not enough data: growth

Would rank #1,901 of 2,308 fully scored industrials companies (bottom 18%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 74500% of revenue in 2025.

Archer Aviation paid employees $224M in stock in 2025, 74500% of its $0M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Archer Aviation reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

More volatile share price. Beta 3.23: tends to move more than the market.

Archer Aviation's shares have swung more with the market than most peers' (beta 3.23, above the market's 1.0).

Questions investors ask about Archer Aviation

Is Archer Aviation getting weaker?

Its latest SEC filing (Aug 10, 2026) showed no major changes. Its overall score is unchanged at 32/100 since Oct 28, 2026.

How is Archer Aviation valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -25.1% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -25.1% vs peers 3.8% (weaker than 100% of peers).

Is Archer Aviation growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is Archer Aviation?

Less profitable than most of its peers. Profitability scores 0/100 against 2,459 industrials peers. Operating margin -13666.7% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -13666.7% vs peers 7.7% (weaker than 100% of peers).

How risky is Archer Aviation?

Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 10.21× vs a peer median of 1.62× (stronger than 95% of peers).Current ratio 10.21× vs peers 1.62× (stronger than 95% of peers). Beta 3.23 vs a peer median of 0.64 (weaker than 100% of peers).Beta 3.23 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

1.9M USD

6.9M USD

+263.2%

Net income (12 months)

−742.5M USD

−799.7M USD

+7.7%

Operating margin

-44205.3%

-13666.7%

+30538.6 pts

Free cash flow (12 months)

−588.8M USD

−660.0M USD

+12.1%

Debt

80.2M USD

80.1M USD

−0.1%

Cash

951.1M USD

852.7M USD

−10.3%

Shares outstanding

759.6M

770.0M

+1.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

—

33.3%

—

Operating margin

—

-243100.0%

—

Net margin

—

-206066.7%

—

Return on assets (ROA)

-45.3%

-55.3%

-82.6%

-53.6%

-25.1%

▲ 29 pts

Return on equity (ROE)

-49.8%

-64.3%

-124.7%

-71.3%

-28.1%

▲ 43 pts

Free cash flow margin

—

-170566.7%

—

Current ratio

26.67×

10.23×

4.21×

12.07×

19.89×

▲ 65%

Debt to equity

0.04×

0.02×

0.09×

0.04×

▼ 57%

Interest coverage

-358.30×

—