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

Comtech Telecommunications brought in $499.5M of revenue in fiscal 2025, Vistance Networks $1.9B in fiscal 2025. Revenue changed by -7.6% at Comtech Telecommunications and +39.7% at Vistance Networks on the year before, so Vistance Networks grew faster. Comtech Telecommunications kept -31.1% of its revenue as net profit, Vistance Networks 118.2%. Free cash flow was -$16.9M at Comtech Telecommunications and $252.6M at Vistance Networks.

Side by side, latest fiscal year

CMTLVISN
Fiscal year endedFY2025 (July 31, 2025)FY2025 (December 31, 2025)
Revenue$499.5M$1.9B
Revenue growth-7.6%+39.7%
Net income-$155.3M$2.3B
Net margin-31.1%118.2%
Free cash flow-$16.9M$252.6M
Free cash flow margin-3.4%13.1%
Earnings per share (diluted)-$6.95$9.63
Cash$40M$613.5M
Debt$118.5M$7.3B
Price to earningsn/a0.7
Market value$41.6M$1.4B
Dividend yieldn/an/a
Rank by revenue in sector#304 of 530 · Technology#152 of 530 · Technology

Over the years

Revenue
CMTL FY2018: $570.6MCMTL FY2019: $671.8MCMTL FY2020: $616.7MCMTL FY2021: $581.7MCMTL FY2022: $486.2MCMTL FY2023: $550MCMTL FY2024: $540.4MCMTL FY2025: $499.5MVISN FY2018: $4.6BVISN FY2019: $8.3BVISN FY2020: $8.4BVISN FY2021: $6.7BVISN FY2022: $5.8BVISN FY2023: $1.9BVISN FY2024: $1.4BVISN FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
CMTL $499.5MVISN $1.9B
Net income
CMTL FY2018: $29.8MCMTL FY2019: $25MCMTL FY2020: $7MCMTL FY2021: -$73.5MCMTL FY2022: -$33.1MCMTL FY2023: -$26.9MCMTL FY2024: -$100MCMTL FY2025: -$155.3MVISN FY2018: $140.2MVISN FY2019: -$929.5MVISN FY2020: -$573.4MVISN FY2021: -$462.6MVISN FY2022: -$1.3BVISN FY2023: -$1.5BVISN FY2024: -$315.5MVISN FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
CMTL -$155.3MVISN $2.3B
Net margin
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%VISN FY2018: 3.1%VISN FY2019: -11.1%VISN FY2020: -6.8%VISN FY2021: -6.9%VISN FY2022: -22.2%VISN FY2023: -80.8%VISN FY2024: -22.8%VISN FY2025: 118.2%FY18FY19FY20FY21FY22FY23FY24FY25
CMTL -31.1%VISN 118.2%
Revenue growth
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%VISN FY2019: +82.7%VISN FY2020: +1.1%VISN FY2021: -20.1%VISN FY2022: -14.1%VISN FY2023: -67.8%VISN FY2024: -25.8%VISN FY2025: +39.7%FY19FY20FY21FY22FY23FY24FY25
CMTL -7.6%VISN +39.7%
Free cash flow
CMTL FY2018: $41.7MCMTL FY2019: $59.2MCMTL FY2020: $45.5MCMTL FY2021: -$56.7MCMTL FY2022: -$17.6MCMTL FY2023: -$22.7MCMTL FY2024: -$67.6MCMTL FY2025: -$16.9MVISN FY2018: $411.8MVISN FY2019: $492.3MVISN FY2020: $315MVISN FY2021: -$9.1MVISN FY2022: $88.7MVISN FY2023: $236.6MVISN FY2024: $247.8MVISN FY2025: $252.6MFY18FY19FY20FY21FY22FY23FY24FY25
CMTL -$16.9MVISN $252.6M

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

Questions about Comtech Telecommunications and Vistance Networks

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

Vistance Networks is bigger by revenue: $1.9B in fiscal 2025, against $499.5M for Comtech Telecommunications in fiscal 2025.

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

Comtech Telecommunications had a net margin of -31.1% in fiscal 2025; Vistance Networks had 118.2% in fiscal 2025.

Which grew revenue faster, Comtech Telecommunications or Vistance Networks?

In their latest fiscal years revenue changed by -7.6% at Comtech Telecommunications and +39.7% at Vistance Networks.

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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