Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data COMTECH TELECOMMUNICATIONS CORP /DE/ files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
411
550
571
672
617
582
486
550
540
500
Cost of revenue
240
332
347
424
390
368
306
366
383
372
Gross profit
171
218
224
247
227
214
180
184
157
128
Research and development
42.2
54.3
53.9
56.4
52.2
49.1
52.5
48.6
24.1
17.4
Selling, general and administrative
94.9
116
114
129
117
112
115
120
123
143
Operating expenses
172
181
189
206
212
282
214
199
237
267
Operating income
-0.58
37
35.1
41.4
15.2
-68.3
-33.8
-14.7
-79.9
-139
Interest expense
7.75
11.6
10.2
9.25
6.05
6.82
5.03
15
22.2
45.7
Interest income
0.13
0.07
Other non-operating income
-0.04
0.19
0.14
0.7
-1.23
-0.68
-0.16
Pre-tax income
-8.19
25.5
24.6
28.9
9.31
-75
-37.1
-30.8
-100
-155
Income tax
-0.45
9.65
-5.14
3.87
2.29
-1.5
-4.02
-3.95
-0.3
-0.08
Net income
-7.74
15.8
29.8
25
7.02
-73.5
-33.1
-26.9
-100
-155
EBITDA
9.25
51.4
48.7
53.3
25.7
-58.9
-23.4
-2.74
-67.7
-127
EPS, basic
-0.46
0.68
1.25
1.04
0.28
-2.86
-1.63
-1.21
-4.70
-6.95
EPS, diluted
-0.46
0.67
1.24
1.03
0.28
-2.86
-1.63
-1.21
-4.70
-6.95
Shares, basic (weighted)
17
23.4
23.8
24.1
24.8
25.7
26.5
28
28.8
29.4
Shares, diluted (weighted)
17
23.5
24
24.3
24.9
25.7
26.5
28
28.8
29.4
Dividend per share
1.20
0.60
0.40
0.40
0.40
0.40
0.40
0.20
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
66.8
41.8
43.5
45.6
47.9
30.9
21.7
19
32.4
40
Receivables
151
125
147
145
127
158
124
163
196
145
Inventory
71.4
60.6
75.1
74.8
82.3
80.4
96.3
106
93.1
69
Other current assets
14.5
13.6
13.8
14.9
20.1
18.2
21.6
17.5
15.4
16.4
Total current assets
304
241
280
280
277
287
263
305
337
270
Property, plant and equipment
38.7
32.8
29
28
27
35.3
50.4
53
47.3
43.4
Lease right-of-use assets
0
30
44.5
49.8
44.4
31.6
30.8
Goodwill
288
291
291
310
331
348
348
348
284
205
Intangible assets
285
262
241
262
258
269
247
226
195
173
Other non-current assets
3.27
2.6
2.74
3.86
4.55
7.62
14.8
17.4
14.7
16.8
Total assets
921
832
845
888
930
993
974
996
793
741
Accounts payable
33.5
29.4
43.9
24.3
23.4
36.2
44.6
64.2
42.5
26
Accrued liabilities
98
68.6
65
78.6
85.2
89.6
72.7
67
62.2
58.4
Deferred revenue
34.5
38.7
40.3
66.1
64.6
66.4
65.8
62.5
Short-term debt
11.1
15.5
17.2
0
0
4.38
4.05
4.05
Total current liabilities
184
144
165
145
160
204
193
212
184
158
Long-term debt
240
176
148
165
150
201
130
160
174
114
Lease liabilities
0
24.1
39.6
44.4
41.8
30.3
29.4
Other non-current liabilities
4.11
2.66
4.12
18.8
17.8
14.5
6.29
1.84
4.06
3.95
Total liabilities
451
352
339
353
380
492
403
446
426
447
Total debt
251
192
165
165
150
201
130
164
178
118
Paid-in capital
525
533
538
553
570
605
625
637
640
549
Retained earnings
384
385
405
420
417
333
279
239
104
-6.9
Treasury stock
-442
-442
-442
-442
-442
-442
-442
-442
-442
-442
Shareholders' equity
470
480
506
535
549
501
467
438
306
104
Total equity
470
480
506
535
549
501
467
438
306
104
Total liabilities and equity
921
832
845
888
930
993
974
996
912
741
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-7.74
15.8
29.8
25
7.02
-73.5
-33.1
-26.9
-100
-155
Depreciation and amortization
9.83
14.4
13.7
11.9
10.6
9.38
10.3
11.9
12.2
11.8
Stock-based compensation
4.12
8.51
8.57
11.4
9.28
9.98
7.77
10.1
6.1
3.12
Deferred income tax
-3.24
9.06
-6.38
4.28
0.86
-3.26
-5.86
-6.06
-2.99
-1.7
Change in receivables
5.81
25.5
-24.6
6.32
20.9
-31.2
33.6
-39.7
-38.3
33.2
Change in inventory
8.28
7.81
-20.1
-3.79
-9.13
-2.34
-20.4
-14.9
-7.76
7.71
Change in payables
-1.26
-4.47
13.7
-21.3
-2.21
11
6.83
20.4
-18.9
-15.2
Cash from operations
15.1
66.9
50.3
68
52.8
-40.6
2
-4.43
-54.5
-8.29
Capital expenditures
-5.67
-8.15
-8.64
-8.79
-7.23
-16
-19.6
-18.3
-13.1
-8.57
Acquisitions
-281
0
0
-25.9
Cash from investing
-286
-8.15
-8.64
-44.7
-20.2
-15.5
-19.6
-18.3
20.1
-8.57
Debt repaid
0
0
-1.88
-48.8
-56.7
Stock issued
0
0
0.33
0.22
0.47
0
0
Share buybacks
0
0
Dividends paid
-19.4
-18.9
-9.54
-9.79
-10
-10.3
-11
-8.66
-0.27
-0.16
Cash from financing
187
-83.7
-40.1
-21.3
-30.3
39.1
8.42
20.1
47.8
24.4
Net change in cash
-84.1
-25
1.64
2.09
2.3
-17
-9.21
-2.69
13.5
7.59
Free cash flow
9.41
58.8
41.7
59.2
45.5
-56.7
-17.6
-22.7
-67.6
-16.9
Interest paid
5.31
10.4
7.29
7.67
5.55
5.99
4.09
11.9
18.1
27.7
Income taxes paid
3.68
-0.76
1.11
2.01
2.88
-1.37
2.91
0.36
4.88
1.88
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to April 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.39 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
33.0%
Gross profit / revenue.
Operating margin
-1.2%
Operating income / revenue.
EBITDA margin
1.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-5.0%
Pre-tax income / revenue.
Net margin
-5.5%
Net income / revenue.
FCF margin
3.4%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
6.7%
Cash from operations / revenue.
Return on equity (ROE)
-47.7%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-3.6%
Net income / average total assets.
Return on invested capital (ROIC)
-3.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
4.0%
Research and development expense / revenue.
SG&A / revenue
25.3%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
0.7%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
3.3%
Capital expenditures / revenue.
D&A / revenue
2.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-7.6%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
0.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-4.1%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-18.6%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-10.7%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
-10.8%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
-65.9%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-39.3%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-28.3%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-6.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-8.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-4.4%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
2.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
3.5%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
3.4%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.61x
Current assets / current liabilities.
Quick ratio
1.06x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.19x
(Cash + short-term investments) / current liabilities.
Debt / equity
2.06x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
15.6%
Total debt / total assets.
Liabilities / assets
62.0%
Total liabilities / total assets.
Net debt
$79.7M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
11.0x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Days inventory + days sales outstanding - days payables.
Capex / operating cash flow
49.7%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.83
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$15.12
Revenue / diluted weighted shares.
FCF per share
$0.51
Free cash flow / diluted weighted shares.
Operating cash flow per share
$1.02
Cash from operations / diluted weighted shares.
Book value per share
$1.75
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$41.6M
Share price x shares outstanding.
Enterprise value
$121.4M
Market cap + total debt - cash - short-term investments.
P/S
0.09x
Market cap / revenue.
P/B
0.79x
Market cap / shareholders' equity. Only when equity is positive.
P/FCF
2.71x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
1.37x
Market cap / cash from operations, when positive.
EV/Sales
0.27x
Enterprise value / revenue.
EV/EBITDA
16.8x
Enterprise value / EBITDA, when both are positive.
EV/FCF
7.91x
Enterprise value / free cash flow, when both are positive.
FCF yield
36.8%
Free cash flow / market cap.
Earnings yield
-60.2%
Net income / market cap (the inverse of P/E).
Dividend yield
0.1%
Dividends paid over the period / market cap.
Shareholder yield
0.1%
(Dividends paid + share buybacks) / market cap.
What was COMTECH TELECOMMUNICATIONS CORP /DE/'s revenue in fiscal 2025?
COMTECH TELECOMMUNICATIONS CORP /DE/ reported revenue of $499.5M for fiscal 2025, 7.6% lower than the year before.
Was COMTECH TELECOMMUNICATIONS CORP /DE/ profitable in fiscal 2025?
No. It reported a net loss of $155.3M.
How much free cash flow did COMTECH TELECOMMUNICATIONS CORP /DE/ generate in fiscal 2025?
Cash from operations of $8.3M minus capital expenditures of $8.6M left free cash flow of -$16.9M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.