Archer Aviation Inc.

ACHR
Price: $4.03Market Cap: $3.2B

Investment snapshot

12%positive consensus
Scored 1d ago

Positive

2

BUY / PASS

Neutral / negative

1 / 13

NEUTRAL / FAIL

Median fair value

—

No comparable estimates

Models with upside

0 / 17

Positive margin of safety

Strongest signal

10 of 12 pass — Buffett and Marks object

Key risk

No clean pass — all 13 investors flag at least one valuation criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILFAIL · Rank #2767 (Top 89.3%)PASSFAILFAILFAILFAILFAILFAILPASSFAILFAILFAILFAILNEUTRAL
Score
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Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Financial Basis

Annual history · FY 2025 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-09

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-02

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30 · TTM ended 2026-09-30 vs 2025-09-30 · TTM ended 2026-09-30

Latest source filing: 2026-11-09

Score computed: 2026-11-14

TTM ended 2026-09-30

Latest source filing: 2026-11-09

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-02

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01

Latest source filing: 2026-11-09

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-09

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-03-02

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment · Balance sheet at 2026-09-30

Latest source filing: 2026-11-09

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-02

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01

Latest source filing: 2026-11-09

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-09

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-02

Score computed: 2026-11-14

TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025

Latest source filing: 2026-11-09

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30

Latest source filing: 2026-11-09

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-09

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-09-30 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-11-09

Score computed: 2026-11-14

Where It Passes

  • Debt & Leverage83% pass✓ 13✗ 2▾

    10 of 12 pass — Buffett and Marks object

    LT Debt vs Net Current AssetsLT Debt $88.9M vs NCA $1.3B
    ✓GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.04, IC: -177.9x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0.05
    ✓Lynch< 0.33
    Cash - Long-term Debt$696.2M
    ✓LynchPositive preferred
    LT Debt / Total Assets Change6.39% -> 3.22%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities8.02
    ✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0.05
    ✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
    Debt Levels0.05
    ✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=-177.9x, D/EBITDA=N/A
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0.05
    ✓Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.0537; #1029/4210 (top 24.4%)
    ✓AsnessTop 30% of eligible cross-section

Where It Falls Short

  • Valuation0% pass✓ 5✗ 23▾

    No clean pass — all 13 investors flag at least one valuation criterion

    Price / Book Value per Share1.4x
    ✗Dreman< 1.2x✓Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio1.4x
    ✓Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value-43.0%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-43.0%, ROC=-125.2%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    Valuation ReasonablenessOE Yield=-22.6%
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldFCF Yield=-16.2%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/B=1.4x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Price vs. Trailing Low100% of trailing low ($4.03)
    ✓Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization-29.94%; #4800/6340 (top 75.7%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+0.5446; #2713/6449 (top 42.1%)
    ✗AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share1.41x
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change+313.4%
    ✓SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+0.0001; #5068/5247 (top 96.6%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization-23.16%; #3566/4519 (top 78.9%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-40.82%; #4834/6202 (top 77.9%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Cash Flow0% pass✓ 1✗ 11▾

    No clean pass — all 10 investors flag at least one cash flow criterion

    Free Cash Flow Proxy$-618.2M
    ✗BuffettPositive and growing
    FCF Positive and Growing$-730.4M
    ✗LynchPositive and growing
    Operating Cash Flow$-432.9M
    ✗PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=-17.56%, ROA=-25.07%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    P/E or FCF YieldFCF Yield=-16.2%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive0/6 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap-24.3%
    ✗Ackman>= 4%
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency0/6 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$-730.4M
    ✗Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization-23.16%; #3566/4519 (top 78.9%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Growth0% pass✓ 1✗ 12▾

    No clean pass — all 8 investors flag at least one growth criterion

    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthN/A (no inventory)
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction
    ✗DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency0/6 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth
    ✗Ackman>= 5%
    Positive EPS Growth Frequency
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trend
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Profitability6% pass✓ 3✗ 32▾

    15 of 16 flag ACHR's profitability — Graham, Buffett, Lynch +12 more

    Positive EPS (10 years)0/7 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)0/7 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-67.6%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$-618.2M
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE-55.0%
    ✗Lynch> 15%
    EBIT / Enterprise Value-43.0%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-43.0%, ROC=-125.2%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets-25.07%
    ✗PiotroskiROA > 0
    ROA Change YoY-53.62% -> -25.07% (delta: +28.55%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=-17.56%, ROA=-25.07%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY
    ✗PiotroskiImproved YoY
    Pre-Tax Income / Revenue-205966.7%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity-55.0%
    ✗Dreman> 12%
    Margin of SafetyP/B=1.4x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity-74.7% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency0/6 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue-243100.0%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity-55.0%
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend
    ✗TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trend
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization-29.94%; #4800/6340 (top 75.7%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+0.00%; #3477/3702 (top 93.9%)
    ✗AsnessTop 30% of eligible cross-section
    Net income / positive book equity-54.98%; #4274/5226 (top 81.8%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.1855; #4158/5884 (top 70.7%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years0/6 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Verdicts13% pass✓ 2✗ 14▾

    Split decision: 13 FAIL · 2 PASS · 1 NEUTRAL

    Overall verdict
    ✗GrahamFAIL (3/9)✗BuffettFAIL (0/9)✗LynchFAIL (3/7)✗GreenblattRank #2767✓PiotroskiPASS (F-Score 5)✗DremanFAIL (3/11)✗MungerFAIL (1/4)✗PabraiFAIL (1/3)✗AkreFAIL (1/6)✗MarksFAIL (1/5)✗AckmanFAIL (2/9)✓TempletonPASS (4/8)✗SleepFAIL (0/6)✗AsnessFAIL (Rank #2176/2370 (Top 91.8%))✗NeffFAIL (0/6)✗SchlossFAIL (3/7)•OshaughnessyNEUTRAL (Not ranked)
  • Efficiency38% pass✓ 4✗ 7▾

    5 of 8 flag ACHR's efficiency — Buffett, Greenblatt, Munger +2 more

    Current Ratio8.02
    ✓Graham>= 2.0
    ROIC (3-5 yr avg)-3275.3%
    ✗Buffett> 10%
    ROIC - WACC-3285.3%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)-125.2%
    ✗Greenblatt> 25%
    Current Ratio Change YoY12.07 -> 19.89
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.00x -> 0.00x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities8.02
    ✓Dreman> 1.5
    Return on Invested Capital-46.2%
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=-94.3%; FY2024: ROIC=-49.3%; FY2025: ROIC=-25.2%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROICN/A (non-positive net income)
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/5 years above 12% (latest -25.2%)
    ✗SleepROIC > 12% in a majority of years

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Aircraft
SIC Sector: Transportation Equipment
Size: Mid Cap($3.2B)
Revenue: $300000.00
Net Income: $618.2M-15.2% YoY

Financial Snapshot

Operating Margin-243100.0%
Return on Equity-28.1%
Debt / Equity0.04
Current Ratio19.89
EPS (Diluted)$-0.99
Shares Retired−47.8% / −175.3% 2y

Similar Companies

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TDGTransDigm Group INC
$66.5B

Shareholder Return

Fiscal 2025

Issued 47.8% of shares last year, 175.3% issued over two.

Buybacks
—
Dividends
—

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM · 2026-09-30

2025-10-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: net income, operating income, ebit, pre tax income, operating cash flow, depreciation amortization, capex.

Q3 FY 2026

2026-07-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization, capex.

Q2 FY 2026

2026-04-01 – 2026-06-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization, capex.

Q1 FY 2026

2026-01-01 – 2026-03-31

Sources
FY 2025
Sources
  • 10-K · 2026-03-02
FY 2024
Sources
  • 10-K · 2025-02-28
FY 2023
Sources
  • 10-K · 2024-02-29
FY 2022
Sources
  • 10-K · 2023-03-15
FY 2021
Sources
  • 10-K · 2022-03-14
Market Cap$3.2Bcurrent------$5.4Best.$4.8Best.$1.3Best.$697.4Mest.$349.1Mest.
Revenue--$5.1M$5.0M$1.6M$300.0K$0$0----
Operating Income-$1.1B↓71%-$289.2M↓65%-$279.2M↓59%-$254.6M↓77%-$729.3M↓43%-$509.7M↓14%-$446.9M↓29%-$347.4M↑3%-$358.3M
Net Income-$944.3M↓51%-$274.5M↓111%-$263.2M↓28%-$217.7M↓133%-$618.2M↓15%-$536.8M↓17%-$457.9M↓44%-$317.3M↑9%-$347.8M
EPS (Diluted)--$-0.35↓75%$-0.34↑6%$-0.28↓65%$-0.99↑30%$-1.42↑16%$-1.69↓28%$-1.32↑58%$-3.14
Gross Margin————33.3%————
Operating Margin—-5670.6%-5584.0%-15912.5%-243100.0%————
ROE-55.0%↓45%———-28.1%↑61%-71.3%↑43%-124.7%↓94%-64.3%↓29%-49.8%
Total Debt$92.3M↑44%$92.3M↑44%$80.1M↑25%$80.2M↑25%$80.3M↑25%$64.0M↑789%$7.2M↓23%$9.3M↓51%$18.8M
Shareholders' Equity$1.7B↑4%$1.7B↑4%$1.9B↑13%$2.1B↑106%$2.2B↑193%$752.6M↑105%$367.1M↓26%$493.3M↓29%$698.9M
Current Ratio8.02↓56%8.02↓56%10.21↓54%18.06↑14%19.89↑65%12.07↑187%4.21↓59%10.23↓62%26.67
Debt / Equity0.05↑39%0.05↑39%0.04↑11%0.04↓39%0.04↓57%0.09↑334%0.02↑4%0.02↓30%0.03
Operating Cash Flow-$599.4M↓47%-$164.6M↓56%-$156.4M↓51%-$149.1M↓58%-$432.9M↓17%-$368.6M↓36%-$271.6M↓36%-$200.4M↓85%-$108.4M
Free Cash Flow-$730.4M↓52%-$196.3M↓56%-$193.5M↓58%-$181.7M↓74%-$511.7M↓14%-$450.6M↓43%-$315.9M↓52%-$207.3M↓85%-$111.9M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Aircraft

ACHR vs Peers — Financial Grading

Revenue$300000.00Bottom 25%
Net Income$618.2MBottom 25%
ROE-28.1%Bottom 25%
D/E0.04Median
Op. Margin-243100.0%Bottom 25%
Curr. Ratio19.89Top 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
RTX CorpRTX$268.0B$198.58$88.6B$6.7B10.3%0.5810.5%1.032/91/93/71/3F-Score 74/11
BOEING COBA$135.9B$171.50$89.5B$2.2B41.0%9.924.8%1.191/91/93/71/3F-Score 63/11
HONEYWELL INTERNATIONAL INCHON$70.6B$222.46$37.4B$4.7B34.0%2.0621.7%1.302/94/94/70/3F-Score 57/11
TransDigm Group INCTDG$66.5B$1217.28$8.8B$2.1B-21.4%-3.0247.2%3.213/94/92/71/3F-Score 63/11
HEICO CORPHEI$47.5B$340.18$4.5B$690.4M16.0%0.5022.7%2.833/95/94/71/3F-Score 75/11
ELBIT SYSTEMS LTDESLT$33.1B$706.62$7.9B$534.3M12.9%0.028.5%1.295/95/95/71/3F-Score 85/11
TEXTRON INCTXT$14.2B$83.65$14.8B$921.0M11.7%0.01——2/92/93/70/3F-Score 74/11
EMBRAER S.A.EMBJ$14.0B$78.73$7.6B$351.9M10.2%—8.0%1.502/92/93/70/3F-Score 74/11