Archer Aviation Inc. (ACHR) intrinsic value & 10-year financials

Archer Aviation Inc. (ACHR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue reached to $300.0K, with an average return on invested capital of 338.4%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$4.07
Market cap
$2.5B
Revenue (FY2025)
$300.0K
ROIC (10-yr avg)
338.4%
Free cash flow (FY2025)
-$511.7M

ACHR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $300.0K -$618.2M -$0.99 -$511.7M -243100.0% -113.0%
FY2024 $0 -$536.8M -$1.42 -$450.6M — 1217.9%
FY2023 $0 -$457.9M -$1.69 -$315.9M — -244.7%
FY2022 — -$317.3M -$1.32 -$207.3M — -167.7%
FY2021 — -$347.8M -$3.14 -$111.9M — 1252.8%
FY2020 — -$24.8M -$0.49 -$24.2M — 84.9%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Archer Aviation Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Archer Aviation Inc. has historically struggled to out-earn its cost of capital, averaging just -1.2% ROIC.

Archer Aviation Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Archer Aviation Inc. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

ACHR stock: frequently asked questions

What is the intrinsic value of Archer Aviation Inc. (ACHR) stock?

Graham's formula only works with positive earnings. Archer Aviation Inc. reported diluted EPS of -$0.99 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Archer Aviation Inc. generate free cash flow?

Archer Aviation Inc. generated -$511.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is ACHR's return on invested capital?

Average ROIC over the last 7 fiscal years was 338.4%, and average return on equity was -149.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ACHR data come from?

From Archer Aviation Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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