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

Ubiquiti brought in $3.3B of revenue in fiscal 2026, Vistance Networks $1.9B in fiscal 2025. Revenue changed by +27.2% at Ubiquiti and +39.7% at Vistance Networks on the year before, so Vistance Networks grew faster. Ubiquiti kept 29.3% of its revenue as net profit, Vistance Networks 118.2%. Free cash flow was $908.9M at Ubiquiti and $252.6M at Vistance Networks.

Side by side, latest fiscal year

UIVISN
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$3.3B$1.9B
Revenue growth+27.2%+39.7%
Net income$960.3M$2.3B
Net margin29.3%118.2%
Free cash flow$908.9M$252.6M
Free cash flow margin27.8%13.1%
Earnings per share (diluted)$15.85$9.63
Cash$522.6M$613.5M
Debtn/a$7.3B
Price to earnings35.40.7
Market value$33.9B$1.4B
Dividend yield0.57%n/a
Rank by revenue in sector#114 of 530 · Technology#152 of 530 · Technology

Over the years

Revenue
UI FY2019: $1.2BUI FY2020: $1.3BUI FY2021: $1.9BUI FY2022: $1.7BUI FY2023: $1.9BUI FY2024: $1.9BUI FY2025: $2.6BUI FY2026: $3.3BVISN FY2018: $4.6BVISN FY2019: $8.3BVISN FY2020: $8.4BVISN FY2021: $6.7BVISN FY2022: $5.8BVISN FY2023: $1.9BVISN FY2024: $1.4BVISN FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
UI $3.3BVISN $1.9B
Net income
UI FY2019: $322.7MUI FY2020: $380.3MUI FY2021: $616.6MUI FY2022: $378.7MUI FY2023: $407.6MUI FY2024: $350MUI FY2025: $711.9MUI FY2026: $960.3MVISN FY2018: $140.2MVISN FY2019: -$929.5MVISN FY2020: -$573.4MVISN FY2021: -$462.6MVISN FY2022: -$1.3BVISN FY2023: -$1.5BVISN FY2024: -$315.5MVISN FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
UI $960.3MVISN $2.3B
Net margin
UI FY2019: 27.8%UI FY2020: 29.6%UI FY2021: 32.5%UI FY2022: 22.4%UI FY2023: 21.0%UI FY2024: 18.1%UI FY2025: 27.7%UI FY2026: 29.3%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%FY18FY19FY20FY21FY22FY23FY24FY25FY26
UI 29.3%VISN 118.2%
Revenue growth
UI FY2020: +10.6%UI FY2021: +47.8%UI FY2022: -10.9%UI FY2023: +14.7%UI FY2024: -0.6%UI FY2025: +33.4%UI FY2026: +27.2%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%FY19FY20FY21FY22FY23FY24FY25FY26
UI +27.2%VISN +39.7%
Free cash flow
UI FY2019: $207.6MUI FY2020: $429.7MUI FY2021: $593.7MUI FY2022: $356.8MUI FY2023: -$166.4MUI FY2024: $529.5MUI FY2025: $627.4MUI FY2026: $908.9MVISN FY2018: $411.8MVISN FY2019: $492.3MVISN FY2020: $315MVISN FY2021: -$9.1MVISN FY2022: $88.7MVISN FY2023: $236.6MVISN FY2024: $247.8MVISN FY2025: $252.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
UI $908.9MVISN $252.6M

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

Questions about Ubiquiti and Vistance Networks

Which is bigger by revenue, Ubiquiti or Vistance Networks?

Ubiquiti is bigger by revenue: $3.3B in fiscal 2026, against $1.9B for Vistance Networks in fiscal 2025.

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

Ubiquiti had a net margin of 29.3% in fiscal 2026; Vistance Networks had 118.2% in fiscal 2025.

Which grew revenue faster, Ubiquiti or Vistance Networks?

In their latest fiscal years revenue changed by +27.2% at Ubiquiti 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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