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Qualcomm vs Vistance Networks: revenue, profit, margins and growth compared

Qualcomm brought in $44.3B of revenue in fiscal 2025, Vistance Networks $1.9B in fiscal 2025. Revenue changed by +13.7% at Qualcomm and +39.7% at Vistance Networks on the year before, so Vistance Networks grew faster. Qualcomm kept 12.5% of its revenue as net profit, Vistance Networks 118.2%. Free cash flow was $12.8B at Qualcomm and $252.6M at Vistance Networks.

Side by side, latest fiscal year

QCOMVISN
Fiscal year endedFY2025 (September 28, 2025)FY2025 (December 31, 2025)
Revenue$44.3B$1.9B
Revenue growth+13.7%+39.7%
Net income$5.5B$2.3B
Net margin12.5%118.2%
Free cash flow$12.8B$252.6M
Free cash flow margin28.9%13.1%
Earnings per share (diluted)$5.01$9.63
Cash$5.5B$613.5M
Debt$14.8B$7.3B
Price to earnings40.30.7
Market value$212.1B$1.4B
Dividend yield1.72%n/a
Rank by revenue in sector#17 of 530 · Technology#152 of 530 · Technology

Over the years

Revenue
QCOM FY2018: $22.6BQCOM FY2019: $24.3BQCOM FY2020: $23.5BQCOM FY2021: $33.6BQCOM FY2022: $44.2BQCOM FY2023: $35.8BQCOM FY2024: $39BQCOM FY2025: $44.3BVISN FY2018: $4.6BVISN FY2019: $8.3BVISN FY2020: $8.4BVISN FY2021: $6.7BVISN FY2022: $5.8BVISN FY2023: $1.9BVISN FY2024: $1.4BVISN FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
QCOM $44.3BVISN $1.9B
Net income
QCOM FY2018: -$5BQCOM FY2019: $4.4BQCOM FY2020: $5.2BQCOM FY2021: $9BQCOM FY2022: $12.9BQCOM FY2023: $7.2BQCOM FY2024: $10.1BQCOM FY2025: $5.5BVISN FY2018: $140.2MVISN FY2019: -$929.5MVISN FY2020: -$573.4MVISN FY2021: -$462.6MVISN FY2022: -$1.3BVISN FY2023: -$1.5BVISN FY2024: -$315.5MVISN FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
QCOM $5.5BVISN $2.3B
Net margin
QCOM FY2018: -22.0%QCOM FY2019: 18.1%QCOM FY2020: 22.1%QCOM FY2021: 26.9%QCOM FY2022: 29.3%QCOM FY2023: 20.2%QCOM FY2024: 26.0%QCOM FY2025: 12.5%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
QCOM 12.5%VISN 118.2%
Revenue growth
QCOM FY2019: +7.4%QCOM FY2020: -3.1%QCOM FY2021: +42.6%QCOM FY2022: +31.7%QCOM FY2023: -19.0%QCOM FY2024: +8.8%QCOM FY2025: +13.7%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
QCOM +13.7%VISN +39.7%
Free cash flow
QCOM FY2018: $3.1BQCOM FY2019: $6.4BQCOM FY2020: $4.4BQCOM FY2021: $8.6BQCOM FY2022: $6.8BQCOM FY2023: $9.8BQCOM FY2024: $11.2BQCOM FY2025: $12.8BVISN FY2018: $411.8MVISN FY2019: $492.3MVISN FY2020: $315MVISN FY2021: -$9.1MVISN FY2022: $88.7MVISN FY2023: $236.6MVISN FY2024: $247.8MVISN FY2025: $252.6MFY18FY19FY20FY21FY22FY23FY24FY25
QCOM $12.8BVISN $252.6M

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

Questions about Qualcomm and Vistance Networks

Which is bigger by revenue, Qualcomm or Vistance Networks?

Qualcomm is bigger by revenue: $44.3B in fiscal 2025, against $1.9B for Vistance Networks in fiscal 2025.

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

Qualcomm had a net margin of 12.5% in fiscal 2025; Vistance Networks had 118.2% in fiscal 2025.

Which grew revenue faster, Qualcomm or Vistance Networks?

In their latest fiscal years revenue changed by +13.7% at Qualcomm 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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