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ADTRAN vs Fabrinet: revenue, profit, margins and growth compared

ADTRAN brought in $1.1B of revenue in fiscal 2025, Fabrinet $4.6B in fiscal 2026. Revenue changed by +17.5% at ADTRAN and +35.7% at Fabrinet on the year before, so Fabrinet grew faster. ADTRAN kept -4.2% of its revenue as net profit, Fabrinet 10.2%. Free cash flow was $98M at ADTRAN and $4.2M at Fabrinet.

Side by side, latest fiscal year

ADTNFN
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 26, 2026)
Revenue$1.1B$4.6B
Revenue growth+17.5%+35.7%
Net income-$45.7M$473M
Net margin-4.2%10.2%
Free cash flow$98M$4.2M
Free cash flow margin9.0%0.1%
Earnings per share (diluted)-$0.52$13.05
Cash$95.7M$346.7M
Debtn/an/a
Price to earningsn/a32.0
Market value$581M$15B
Dividend yieldn/an/a
Rank by revenue in sector#77 of 109 · Utilities#43 of 109 · Utilities

Over the years

Revenue
ADTN FY2018: $529.3MADTN FY2019: $530.1MADTN FY2020: $506.5MADTN FY2021: $563MADTN FY2022: $1BADTN FY2023: $1.1BADTN FY2024: $922.7MADTN FY2025: $1.1BFN FY2019: $1.6BFN FY2020: $1.6BFN FY2021: $1.9BFN FY2022: $2.3BFN FY2023: $2.6BFN FY2024: $2.9BFN FY2025: $3.4BFN FY2026: $4.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ADTN $1.1BFN $4.6B
Net income
ADTN FY2018: -$19.3MADTN FY2019: -$53MADTN FY2020: $2.4MADTN FY2021: -$8.6MADTN FY2022: -$2MADTN FY2023: -$268.9MADTN FY2024: -$459.9MADTN FY2025: -$45.7MFN FY2019: $121MFN FY2020: $113.5MFN FY2021: $148.3MFN FY2022: $200.4MFN FY2023: $247.9MFN FY2024: $296.2MFN FY2025: $332.5MFN FY2026: $473MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ADTN -$45.7MFN $473M
Net margin
ADTN FY2018: -3.7%ADTN FY2019: -10.0%ADTN FY2020: 0.5%ADTN FY2021: -1.5%ADTN FY2022: -0.2%ADTN FY2023: -23.4%ADTN FY2024: -49.8%ADTN FY2025: -4.2%FN FY2019: 7.6%FN FY2020: 6.9%FN FY2021: 7.9%FN FY2022: 8.9%FN FY2023: 9.4%FN FY2024: 10.3%FN FY2025: 9.7%FN FY2026: 10.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ADTN -4.2%FN 10.2%
Revenue growth
ADTN FY2019: +0.1%ADTN FY2020: -4.4%ADTN FY2021: +11.2%ADTN FY2022: +82.2%ADTN FY2023: +12.0%ADTN FY2024: -19.7%ADTN FY2025: +17.5%FN FY2020: +3.6%FN FY2021: +14.5%FN FY2022: +20.4%FN FY2023: +16.9%FN FY2024: +9.0%FN FY2025: +18.6%FN FY2026: +35.7%FY19FY20FY21FY22FY23FY24FY25FY26
ADTN +17.5%FN +35.7%
Free cash flow
ADTN FY2018: $47.3MADTN FY2019: -$12MADTN FY2020: -$22.9MADTN FY2021: -$2.7MADTN FY2022: -$61.3MADTN FY2023: -$79.4MADTN FY2024: $69.1MADTN FY2025: $98MFN FY2019: $128.7MFN FY2020: $108.3MFN FY2021: $76.1MFN FY2022: $34.7MFN FY2023: $152MFN FY2024: $365.6MFN FY2025: $207.3MFN FY2026: $4.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ADTN $98MFN $4.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about ADTRAN and Fabrinet

Which is bigger by revenue, ADTRAN or Fabrinet?

Fabrinet is bigger by revenue: $4.6B in fiscal 2026, against $1.1B for ADTRAN in fiscal 2025.

Which keeps more of its revenue as profit, ADTRAN or Fabrinet?

ADTRAN had a net margin of -4.2% in fiscal 2025; Fabrinet had 10.2% in fiscal 2026.

Which grew revenue faster, ADTRAN or Fabrinet?

In their latest fiscal years revenue changed by +17.5% at ADTRAN and +35.7% at Fabrinet.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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