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Aviat Networks vs Comtech Telecommunications: revenue, profit, margins and growth compared

Aviat Networks brought in $439.7M of revenue in fiscal 2026, Comtech Telecommunications $499.5M in fiscal 2025. Revenue changed by +1.2% at Aviat Networks and -7.6% at Comtech Telecommunications on the year before, so Aviat Networks grew faster. Aviat Networks kept 0.6% of its revenue as net profit, Comtech Telecommunications -31.1%. Free cash flow was $6.1M at Aviat Networks and -$16.9M at Comtech Telecommunications.

Side by side, latest fiscal year

AVNWCMTL
Fiscal year endedFY2026 (July 3, 2026)FY2025 (July 31, 2025)
Revenue$439.7M$499.5M
Revenue growth+1.2%-7.6%
Net income$2.5M-$155.3M
Net margin0.6%-31.1%
Free cash flow$6.1M-$16.9M
Free cash flow margin1.4%-3.4%
Earnings per share (diluted)$0.19-$6.95
Cash$72.8M$40M
Debt$97M$118.5M
Price to earnings105.7n/a
Market value$260M$41.6M
Dividend yieldn/an/a
Rank by revenue in sector#327 of 530 · Technology#304 of 530 · Technology

Over the years

Revenue
AVNW FY2019: $243.9MAVNW FY2020: $238.6MAVNW FY2021: $274.9MAVNW FY2022: $303MAVNW FY2023: $344.4MAVNW FY2024: $408.1MAVNW FY2025: $434.6MAVNW FY2026: $439.7MCMTL FY2018: $570.6MCMTL FY2019: $671.8MCMTL FY2020: $616.7MCMTL FY2021: $581.7MCMTL FY2022: $486.2MCMTL FY2023: $550MCMTL FY2024: $540.4MCMTL FY2025: $499.5MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AVNW $439.7MCMTL $499.5M
Net income
AVNW FY2019: $9.7MAVNW FY2020: $257KAVNW FY2021: $110.1MAVNW FY2022: $21.2MAVNW FY2023: $10.2MAVNW FY2024: $10.8MAVNW FY2025: $1.3MAVNW FY2026: $2.5MCMTL FY2018: $29.8MCMTL FY2019: $25MCMTL FY2020: $7MCMTL FY2021: -$73.5MCMTL FY2022: -$33.1MCMTL FY2023: -$26.9MCMTL FY2024: -$100MCMTL FY2025: -$155.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AVNW $2.5MCMTL -$155.3M
Net margin
AVNW FY2019: 4.0%AVNW FY2020: 0.1%AVNW FY2021: 40.1%AVNW FY2022: 7.0%AVNW FY2023: 3.0%AVNW FY2024: 2.6%AVNW FY2025: 0.3%AVNW FY2026: 0.6%CMTL FY2018: 5.2%CMTL FY2019: 3.7%CMTL FY2020: 1.1%CMTL FY2021: -12.6%CMTL FY2022: -6.8%CMTL FY2023: -4.9%CMTL FY2024: -18.5%CMTL FY2025: -31.1%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AVNW 0.6%CMTL -31.1%
Revenue growth
AVNW FY2020: -2.1%AVNW FY2021: +15.2%AVNW FY2022: +10.2%AVNW FY2023: +13.7%AVNW FY2024: +18.5%AVNW FY2025: +6.5%AVNW FY2026: +1.2%CMTL FY2019: +17.7%CMTL FY2020: -8.2%CMTL FY2021: -5.7%CMTL FY2022: -16.4%CMTL FY2023: +13.1%CMTL FY2024: -1.7%CMTL FY2025: -7.6%FY19FY20FY21FY22FY23FY24FY25FY26
AVNW +1.2%CMTL -7.6%
Free cash flow
AVNW FY2019: -$2.3MAVNW FY2020: $12.9MAVNW FY2021: $14.5MAVNW FY2022: $997KAVNW FY2023: -$7MAVNW FY2024: $27.9MAVNW FY2025: -$7.2MAVNW FY2026: $6.1MCMTL FY2018: $41.7MCMTL FY2019: $59.2MCMTL FY2020: $45.5MCMTL FY2021: -$56.7MCMTL FY2022: -$17.6MCMTL FY2023: -$22.7MCMTL FY2024: -$67.6MCMTL FY2025: -$16.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AVNW $6.1MCMTL -$16.9M

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

Questions about Aviat Networks and Comtech Telecommunications

Which is bigger by revenue, Aviat Networks or Comtech Telecommunications?

Comtech Telecommunications is bigger by revenue: $499.5M in fiscal 2025, against $439.7M for Aviat Networks in fiscal 2026.

Which keeps more of its revenue as profit, Aviat Networks or Comtech Telecommunications?

Aviat Networks had a net margin of 0.6% in fiscal 2026; Comtech Telecommunications had -31.1% in fiscal 2025.

Which grew revenue faster, Aviat Networks or Comtech Telecommunications?

In their latest fiscal years revenue changed by +1.2% at Aviat Networks and -7.6% at Comtech Telecommunications.

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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