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Aviat Networks (AVNW) Financials

Aviat Networks logo
$19.32 +0.07 (+0.36%)
Closing price 09/3/2026 04:00 PM Eastern
Extended Trading
$19.28 -0.04 (-0.21%)
As of 07:00 AM Eastern
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Annual Income Statements for Aviat Networks

Annual Income Statements for Aviat Networks

This table shows Aviat Networks' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/1/2016 6/30/2017 6/29/2018 6/28/2019 7/3/2020 7/2/2021 7/1/2022 6/30/2023 6/28/2024 6/27/2025 7/3/2026
Net Income / (Loss) Attributable to Common Shareholders		 -30 -0.82 1.85 9.74 0.26 110 21 10 11 1.34 2.54
Consolidated Net Income / (Loss)		 -30 -0.62 2.30 9.74 0.26 110 21 10 11 1.34 2.54
Net Income / (Loss) Continuing Operations		 -30 -0.62 2.30 9.74 0.26 110 21 10 11 1.34 2.54
Total Pre-Tax Income 		-29 -0.61 1.27 1.55 3.71 22 30 21 17 3.58 13
Total Operating Income		 -27 -0.99 1.32 1.37 3.38 22 29 25 19 11 19
Total Gross Profit		 269 242 243 244 85 103 109 122 145 139 138
Total Revenue		 269 242 243 244 239 275 303 344 408 435 440
Operating Revenue		 269 242 243 244 239 275 303 344 408 435 440
Total Cost of Revenue		 0.00 0.00 0.00 0.00 154 172 194 222 263 295 301
Operating Cost of Revenue		 - - - - 154 172 194 222 263 295 301
Total Operating Expenses		 296 243 241 242 81 80 80 98 125 129 119
Selling, General & Admin Expense		 66 57 58 56 58 56 58 70 85 89 89
Research & Development Expense		 21 19 20 21 19 22 23 25 36 36 28
Restructuring Charge		 2.46 0.59 1.28 0.74 4.05 2.27 0.24 3.01 3.87 3.61 2.14
Total Other Income / (Expense), net		 -1.10 0.38 -0.05 0.18 0.33 0.23 1.69 -3.31 -2.50 -7.00 -6.02
Interest & Investment Income		 0.25 0.26 0.20 0.27 - - 0.16 -0.53 -2.34 -6.06 -7.68
Other Income / (Expense), net		 -1.25 0.17 -0.22 0.02 0.33 0.23 1.53 -2.77 -0.16 -0.94 1.66
Income Tax Expense		 1.64 0.02 -1.04 -8.19 3.45 -88 9.28 11 6.15 2.24 11
Basic Earnings per Share		 ($5.71) ($0.16) $0.35 $0.91 $0.02 $9.98 $1.89 $0.90 $0.88 $0.11 $0.20
Weighted Average Basic Shares Outstanding		 5.24M 5.29M 5.34M 10.75M 10.78M 11.04M 11.17M 11.36M 12.18M 12.68M 12.85M
Diluted Earnings per Share		 ($5.71) ($0.16) $0.33 $0.87 $0.02 $9.42 $1.79 $0.86 $0.86 $0.10 $0.19
Weighted Average Diluted Shares Outstanding		 5.24M 5.29M 5.65M 11.24M 10.94M 11.69M 11.82M 11.86M 12.46M 12.83M 13.03M
Weighted Average Basic & Diluted Shares Outstanding		 5.24M 5.10M 5.30M 5.36M 5.40M 11.17M 11.19M 11.53M - 12.80M 12.80M

Quarterly Income Statements for Aviat Networks

This table shows Aviat Networks' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/29/2023 3/29/2024 6/28/2024 9/27/2024 12/27/2024 3/28/2025 6/27/2025 9/26/2025 12/26/2025 3/27/2026 7/3/2026
Net Income / (Loss) Attributable to Common Shareholders		 1.78 3.87 0.45 -12 4.50 3.53 5.20 0.16 5.72 -2.07 -1.28
Consolidated Net Income / (Loss)		 1.78 3.87 0.45 -12 4.50 3.53 5.20 0.16 5.72 -2.07 -1.28
Net Income / (Loss) Continuing Operations		 1.78 3.87 0.45 -12 4.50 3.53 5.20 0.16 5.72 -2.07 -1.28
Total Pre-Tax Income 		3.63 4.68 2.99 -17 6.12 4.67 10 2.50 8.12 -2.31 4.90
Total Operating Income		 3.39 5.67 3.83 -16 7.97 9.29 8.88 5.19 7.29 0.94 5.82
Total Gross Profit		 36 36 40 20 41 39 39 36 36 29 37
Total Revenue		 94 111 114 88 118 113 115 107 111 100 121
Operating Revenue		 94 111 114 88 118 113 115 107 111 100 121
Total Cost of Revenue		 57 75 74 69 77 73 76 72 75 71 84
Operating Cost of Revenue		 57 75 74 69 77 73 76 72 75 71 84
Total Operating Expenses		 33 30 36 35 33 30 31 30 29 28 31
Selling, General & Admin Expense		 23 20 23 25 21 22 21 23 22 20 22
Research & Development Expense		 8.39 11 11 10 10 7.70 7.43 7.10 6.41 7.66 7.24
Total Other Income / (Expense), net		 0.24 -0.99 -0.85 -1.83 -1.85 -4.63 1.30 -2.69 0.84 -3.25 -0.92
Interest & Investment Income		 -0.39 -0.93 - -1.12 -1.58 -1.56 -1.81 -1.71 -1.91 -1.85 -2.21
Other Income / (Expense), net		 0.64 -0.06 0.56 -0.71 -0.27 -3.07 3.11 -0.97 2.74 -1.40 1.29
Income Tax Expense		 1.85 0.81 2.54 -5.51 1.63 1.14 4.98 2.34 2.41 -0.24 6.18
Basic Earnings per Share		 $0.15 $0.31 $0.02 ($0.94) $0.35 $0.28 $0.42 $0.01 $0.44 ($0.16) ($0.09)
Weighted Average Basic Shares Outstanding		 12.00M 12.56M 12.18M 12.65M 12.69M 12.69M 12.68M 12.76M 12.86M 12.92M 12.85M
Diluted Earnings per Share		 $0.15 $0.30 $0.01 ($0.94) $0.35 $0.27 $0.42 $0.01 $0.44 ($0.16) ($0.10)
Weighted Average Diluted Shares Outstanding		 12.23M 12.78M 12.46M 12.65M 12.78M 12.84M 12.83M 12.98M 13.01M 12.92M 13.03M
Weighted Average Basic & Diluted Shares Outstanding		 12.55M 12.57M 0.00 12.69M 12.68M 12.69M 12.80M 12.84M 12.90M 12.94M 12.80M

Annual Cash Flow Statements for Aviat Networks

This table details how cash moves in and out of Aviat Networks' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/1/2016 6/30/2017 6/29/2018 6/28/2019 7/3/2020 7/2/2021 7/1/2022 6/30/2023 6/28/2024 6/27/2025 7/3/2026
Net Change in Cash & Equivalents		 -1.43 5.39 1.92 -5.56 9.67 6.33 -11 -15 42 -2.92 13
Net Cash From Operating Activities		 0.36 9.41 8.21 2.94 17 17 2.79 -1.64 31 5.72 14
Net Cash From Continuing Operating Activities		 0.36 9.37 8.21 2.94 17 17 2.79 -1.64 31 5.72 14
Net Income / (Loss) Continuing Operations		 -30 -0.62 2.30 9.74 0.26 110 21 10 11 1.34 2.54
Consolidated Net Income / (Loss)		 -30 -0.62 2.30 9.74 0.26 110 21 10 11 1.34 2.54
Depreciation Expense		 6.65 5.80 5.20 4.47 4.39 5.38 4.46 5.48 3.99 5.34 3.26
Amortization Expense		 - - - - - 0.00 0.00 0.70 1.00 2.71 2.86
Non-Cash Adjustments To Reconcile Net Income		 16 2.56 -0.73 0.76 12 6.19 -3.08 5.62 -9.33 13 25
Changes in Operating Assets and Liabilities, net		 6.86 1.62 1.44 -12 0.75 -104 -20 -24 24 -17 -20
Net Cash From Investing Activities		 -1.80 -4.04 -6.30 -5.25 -4.61 -2.85 -7.79 -12 -35 -29 -7.33
Net Cash From Continuing Investing Activities		 -1.80 -4.04 -6.30 -5.25 -4.61 -2.85 -7.79 -12 -35 -29 -7.33
Purchase of Property, Plant & Equipment		 -1.57 -4.02 -6.56 -5.25 -4.61 -2.85 -1.79 -5.34 -2.68 -13 -7.47
Acquisitions		 - - - - - 0.00 0.00 -16 -32 -18 0.00
Purchase of Investments		 -0.22 -0.14 - - 0.00 0.00 -8.28 0.00 -0.93 0.00 -1.66
Sale of Property, Plant & Equipment		 - - - - 0.00 0.00 2.28 0.00 0.00 2.59 0.00
Sale and/or Maturity of Investments		 0.00 0.12 0.26 - - 0.00 0.00 9.16 0.54 0.00 1.80
Net Cash From Financing Activities		 0.01 0.02 0.01 -2.95 -2.55 -8.05 -4.87 -0.68 49 19 6.34
Net Cash From Continuing Financing Activities		 0.01 0.02 0.01 -2.95 -2.55 -8.05 -4.87 -0.68 49 19 6.34
Repayment of Debt		 -36 -33 -36 -36 -42 -9.00 0.00 -103 -35 -131 -111
Repurchase of Common Equity		 - 0.00 -0.01 -2.32 -1.77 -0.79 -5.36 0.00 -0.33 -0.60 -2.67
Issuance of Debt		 36 33 36 36 42 0.00 0.00 102 83 170 120
Issuance of Common Equity		 0.01 0.02 0.02 0.04 0.03 1.91 1.03 1.27 1.06 0.23 0.58
Other Financing Activities, net		 - 0.00 0.00 -0.67 -0.80 -0.17 -0.54 -1.20 -0.70 -20 -0.82
Effect of Exchange Rate Changes		 - - - -0.31 -0.67 -0.08 -1.22 -0.31 -1.61 1.21 0.13
Cash Interest Paid		 0.11 0.09 0.03 0.07 0.06 0.00 0.00 0.88 2.52 6.68 8.44
Cash Income Taxes Paid		 1.96 -0.31 1.28 0.69 1.06 -2.12 1.24 1.61 0.81 1.72 4.34

Quarterly Cash Flow Statements for Aviat Networks

This table details how cash moves in and out of Aviat Networks' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/29/2023 3/29/2024 6/28/2024 9/27/2024 12/27/2024 3/28/2025 6/27/2025 9/26/2025 12/26/2025 3/27/2026 7/3/2026
Net Change in Cash & Equivalents		 10 12 6.46 -13 1.32 -1.82 10 5.11 22 -8.42 -5.54
Net Cash From Operating Activities		 -7.07 15 8.31 -27 21 1.62 11 -12 24 -1.70 3.09
Net Cash From Continuing Operating Activities		 -7.07 15 8.31 -27 21 1.62 11 -12 24 -1.70 3.09
Net Income / (Loss) Continuing Operations		 1.78 3.87 0.45 -12 4.50 3.53 5.20 0.16 5.72 -2.07 -1.28
Consolidated Net Income / (Loss)		 1.78 3.87 0.45 -12 4.50 3.53 5.20 0.16 5.72 -2.07 -1.28
Depreciation Expense		 0.91 1.00 0.91 1.32 1.47 1.17 1.38 0.46 0.93 0.71 1.16
Amortization Expense		 0.24 0.24 0.35 0.51 0.80 0.66 0.73 0.72 0.71 0.72 0.71
Non-Cash Adjustments To Reconcile Net Income		 -6.38 -5.73 1.62 20 -3.96 9.74 -12 -0.01 35 -7.65 -2.11
Changes in Operating Assets and Liabilities, net		 -3.61 16 4.98 -37 18 -13 16 -13 -19 6.59 4.60
Net Cash From Investing Activities		 -33 -1.42 -0.27 -21 -2.29 -2.80 -2.27 -1.73 -1.44 -4.66 0.50
Net Cash From Continuing Investing Activities		 -33 -1.42 -0.27 -21 -2.29 -2.80 -2.27 -1.73 -1.44 -4.66 0.50
Purchase of Property, Plant & Equipment		 -0.65 -0.50 -0.81 -5.42 -2.49 -2.80 -2.27 -1.73 -1.44 -3.69 -0.62
Purchase of Investments		 - - - - - - - - - - -0.69
Net Cash From Financing Activities		 50 -1.02 -0.58 34 -16 -1.03 1.10 19 -1.40 -1.32 -9.45
Net Cash From Continuing Financing Activities		 50 -1.02 -0.58 34 -16 -1.03 1.10 19 -1.40 -1.32 -9.45
Repayment of Debt		 -8.08 -0.63 -0.63 0.00 -84 -21 -26 -26 -26 -26 -32
Repurchase of Common Equity		 - - - - - -0.10 0.00 - - -0.50 -2.17
Issuance of Debt		 58 - - 35 75 20 40 45 25 25 25
Issuance of Common Equity		 0.55 0.18 0.05 0.00 0.10 0.06 0.07 0.21 - 0.34 0.03
Other Financing Activities, net		 -0.02 -0.57 -0.01 -0.71 -5.99 -0.06 -13 -0.57 -0.24 -0.00 -0.01
Effect of Exchange Rate Changes		 0.22 -0.59 -1.01 1.29 -1.47 0.39 1.00 0.08 0.46 -0.75 0.33

Annual Balance Sheets for Aviat Networks

This table presents Aviat Networks' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/1/2016 6/30/2017 6/29/2018 6/28/2019 7/3/2020 7/2/2021 7/1/2022 6/30/2023 6/28/2024 6/27/2025 7/3/2026
Total Assets		 166 153 156 169 180 298 324 363 535 633 599
Total Current Assets		 140 125 123 126 140 170 206 236 405 464 439
Cash & Equivalents		 30 36 37 32 42 48 37 22 65 60 73
Accounts Receivable		 69 58 57 80 73 86 119 158 249 286 274
Inventories, net		 30 24 23 9.51 15 25 27 33 62 84 69
Other Current Assets		 10 6.40 6.01 4.83 10 9.56 12 22 30 34 23
Plant, Property, & Equipment, net		 18 16 17 17 17 12 8.89 9.45 9.48 17 19
Total Noncurrent Assets		 7.54 12 15 26 23 116 109 118 121 152 141
Goodwill		 - - - - - - 0.00 5.11 8.22 20 19
Intangible Assets		 - - - - - - 0.00 9.05 14 27 24
Noncurrent Deferred & Refundable Income Taxes		 6.07 6.18 5.60 14 13 103 95 87 83 88 82
Other Noncurrent Operating Assets		 1.47 5.41 9.82 12 10 12 13 17 16 18 16
Total Liabilities & Shareholders' Equity		 166 153 156 169 180 298 324 363 535 633 599
Total Liabilities		 113 98 99 98 111 114 122 144 279 370 332
Total Current Liabilities		 100 86 86 82 94 96 104 130 219 282 223
Short-Term Debt		 9.00 9.00 9.00 9.00 9.00 - - 0.00 2.40 19 7.90
Accounts Payable		 33 34 31 36 32 32 42 60 93 148 120
Accrued Expenses		 23 22 26 23 27 28 26 24 42 39 34
Current Deferred Revenue		 31 20 19 14 22 32 34 44 59 74 60
Other Current Liabilities		 3.91 1.48 1.43 1.09 4.18 3.51 1.89 1.21 23 2.85 1.69
Total Noncurrent Liabilities		 13 12 12 15 17 18 18 14 60 88 108
Long-Term Debt		 - - - - - - - 0.00 46 69 89
Noncurrent Deferred Revenue		 8.39 7.06 6.59 9.66 8.14 8.59 8.92 7.42 7.41 8.06 9.02
Noncurrent Deferred & Payable Income Tax Liabilities		 2.91 4.13 4.23 4.98 6.30 5.78 6.07 4.47 3.90 8.22 8.57
Other Noncurrent Operating Liabilities		 1.41 1.02 1.25 0.82 2.70 3.58 2.69 2.45 3.22 2.67 1.74
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 53 54 58 72 69 183 202 219 256 263 267
Total Preferred & Common Equity		 53 54 58 72 69 183 202 219 256 263 267
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 53 54 58 72 69 183 202 219 256 263 267
Common Stock		 812 814 816 815 814 819 823 830 860 866 872
Retained Earnings		 -747 -748 -746 -731 -731 -621 -599 -589 -579 -577 -575
Treasury Stock		 - - - - 0.00 -0.79 -6.15 -6.15 -6.48 -7.08 -9.74
Accumulated Other Comprehensive Income / (Loss)		 -11 -12 -13 -13 -15 -14 -16 -16 -19 -19 -20

Quarterly Balance Sheets for Aviat Networks

This table presents Aviat Networks' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/29/2023 12/29/2023 3/29/2024 9/27/2024 12/27/2024 3/28/2025 9/26/2025 12/26/2025 3/27/2026
Total Assets		 370 500 490 591 594 628 643 659 617
Total Current Assets		 244 367 362 427 423 457 475 494 450
Cash & Equivalents		 35 46 58 51 53 49 65 86 78
Accounts Receivable		 155 227 213 264 261 279 291 294 273
Inventories, net		 31 67 57 80 76 93 84 77 73
Other Current Assets		 23 27 33 33 33 35 35 37 27
Plant, Property, & Equipment, net		 9.04 9.44 6.40 12 14 16 19 19 19
Total Noncurrent Assets		 117 124 121 152 157 156 150 146 147
Goodwill		 5.11 5.65 8.22 15 18 19 19 20 19
Intangible Assets		 8.87 16 14 29 28 27 26 25 24
Noncurrent Deferred & Refundable Income Taxes		 86 86 85 91 94 92 88 85 87
Other Noncurrent Operating Assets		 16 16 15 16 17 18 17 17 16
Total Liabilities & Shareholders' Equity		 370 500 490 591 594 628 643 659 617
Total Liabilities		 144 246 232 344 345 372 380 388 345
Total Current Liabilities		 129 184 171 248 252 282 258 267 226
Short-Term Debt		 - 2.40 2.40 2.40 3.72 3.72 4.44 4.44 5.60
Accounts Payable		 62 67 65 105 124 138 142 145 112
Accrued Expenses		 21 34 39 39 38 41 36 32 40
Current Deferred Revenue		 46 55 42 79 71 86 73 84 68
Other Current Liabilities		 0.84 25 24 22 15 14 2.07 1.23 0.71
Total Noncurrent Liabilities		 15 62 61 96 92 90 121 121 118
Long-Term Debt		 - 47 47 81 71 70 102 101 99
Noncurrent Deferred Revenue		 7.63 8.04 7.68 7.52 8.27 7.67 8.78 8.58 9.72
Noncurrent Deferred & Payable Income Tax Liabilities		 4.56 4.36 3.70 3.86 9.90 9.42 8.29 8.49 7.90
Other Noncurrent Operating Liabilities		 2.75 2.91 2.78 3.19 2.93 2.83 2.36 2.65 2.19
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 226 254 259 247 250 256 264 272 272
Total Preferred & Common Equity		 226 254 259 247 250 256 264 272 272
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 226 254 259 247 250 256 264 272 272
Common Stock		 832 857 858 861 863 865 867 869 870
Retained Earnings		 -584 -581 -578 -590 -586 -582 -577 -571 -573
Treasury Stock		 -6.15 -6.48 -6.48 -6.48 -6.98 -7.08 -7.08 -7.08 -7.58
Accumulated Other Comprehensive Income / (Loss)		 -16 -15 -16 -17 -21 -19 -20 -19 -18

Annual Metrics And Ratios for Aviat Networks

This table displays calculated financial ratios and metrics derived from Aviat Networks' official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/1/2016 6/30/2017 6/29/2018 6/28/2019 7/3/2020 7/2/2021 7/1/2022 6/30/2023 6/28/2024 6/27/2025 7/3/2026
DEI Shares Outstanding		 63,124,158.00 5,315,433.00 5,349,309.00 5,377,630.00 5,393,030.00 11,164,194.00 11,166,918.00 11,440,689.00 - 12,692,431.00 12,939,463.00
DEI Adjusted Shares Outstanding		 10,520,693.00 10,630,866.00 10,698,618.00 10,755,260.00 10,786,060.00 11,164,194.00 11,166,918.00 11,440,689.00 - 12,692,431.00 12,939,463.00
DEI Earnings Per Adjusted Shares Outstanding		 -2.84 -0.08 0.17 0.91 0.02 9.87 1.89 0.89 - 0.11 0.20
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -20.00% -9.98% 0.26% 0.56% -2.14% 15.20% 10.20% 13.69% 18.48% 6.50% 1.17%
EBITDA Growth		 -20.40% 122.61% 26.32% -7.04% 38.32% 243.66% 24.86% -19.33% -13.52% -27.05% 52.81%
EBIT Growth		 -10.65% 97.16% 234.44% 26.25% 167.80% 505.01% 34.93% -27.85% -11.92% -49.94% 116.92%
NOPAT Growth		 -5.85% 96.41% 447.31% 258.89% -97.28% 46,472.65% -81.67% -41.22% 5.12% -67.88% -6.83%
Net Income Growth		 -20.70% 97.90% 470.69% 323.02% -97.36% 42,755.64% -80.79% -51.94% 5.81% -87.54% 89.34%
EPS Growth		 -20.21% 97.20% 306.25% 323.02% -97.36% 47,000.00% -81.00% -51.96% 0.00% -88.37% 90.00%
Operating Cash Flow Growth		 103.71% 2,541.85% -12.72% -64.14% 494.19% -1.11% -83.88% -158.95% 1,957.66% -81.27% 136.99%
Free Cash Flow Firm Growth		 207.56% -52.61% -1,488.00% 178.76% -67.91% -6.62% -106.92% -3,638.59% 0.00% -54.40% 106.81%
Invested Capital Growth		 -46.28% -13.85% 196.45% -39.04% -25.75% 269.28% 15.62% 27.61% 21.94% 21.48% 0.16%
Revenue Q/Q Growth		 -9.90% -0.75% 2.57% 0.71% -0.66% 3.40% 1.93% 3.48% 5.89% -0.30% 1.28%
EBITDA Q/Q Growth		 -78.72% 158.42% 34.44% 29.89% 0.62% 7.95% 8.41% -7.69% -6.19% 70.42% -15.91%
EBIT Q/Q Growth		 -48.50% 94.44% 296.60% 1,254.17% -1.36% 8.94% 11.17% -11.83% -6.10% 203.53% -18.91%
NOPAT Q/Q Growth		 -42.06% 92.75% 1,097.39% 102.47% -91.23% 1.67% 1.36% -10.12% -18.66% -20.78% -65.98%
Net Income Q/Q Growth		 -85.81% 95.67% 133.94% 67.75% -91.30% 1.56% 8.75% -20.07% -21.18% 158.13% -71.83%
EPS Q/Q Growth		 -84.19% 94.07% 120.00% 67.75% -91.30% -3.09% 2.87% -22.52% -21.10% 147.62% -73.24%
Operating Cash Flow Q/Q Growth		 -94.90% 40.33% 151.42% -53.05% 43.05% 1.42% 136.33% -135.96% 3.21% 62.48% -35.39%
Free Cash Flow Firm Q/Q Growth		 460.82% -49.46% -622.34% 111.05% 97.51% 18.07% 91.68% -36.69% 9.47% -73.76% 150.23%
Invested Capital Q/Q Growth		 -20.82% 18.41% 170.68% 19.77% -1.93% -0.55% -5.83% -1.31% -3.49% 3.73% -2.14%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 35.49% 37.33% 36.06% 35.53% 35.47% 32.08% 31.45%
EBITDA Margin		 -8.20% 2.06% 2.60% 2.40% 3.39% 10.12% 11.47% 8.14% 5.94% 4.07% 6.14%
Operating Margin		 -10.21% -0.41% 0.54% 0.56% 1.42% 8.08% 9.49% 7.15% 4.75% 2.43% 4.38%
EBIT Margin		 -10.68% -0.34% 0.45% 0.57% 1.55% 8.16% 9.99% 6.34% 4.72% 2.22% 4.75%
Profit (Net Income) Margin		 -11.03% -0.26% 0.95% 3.99% 0.11% 40.06% 6.98% 2.95% 2.64% 0.31% 0.58%
Tax Burden Percent		 103.83% 102.64% 181.83% 628.26% 6.93% 490.82% 69.53% 47.71% 63.65% 37.50% 19.21%
Interest Burden Percent		 99.48% 74.14% 115.41% 111.91% 100.00% 100.00% 100.52% 97.56% 87.86% 37.12% 63.25%
Effective Tax Rate		 0.00% 0.00% -81.83% -528.26% 93.07% -390.82% 30.47% 52.29% 36.35% 62.50% 80.79%
Return on Invested Capital (ROIC)		 -43.04% -2.37% 4.49% 13.40% 0.55% 128.82% 13.92% 6.70% 5.66% 1.49% 1.27%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.40% -2.65% 4.47% 13.69% 0.47% 126.10% 11.52% 11.21% 13.91% -43.65% -3.17%
Return on Net Nonoperating Assets (RNNOA)		 -0.14% 1.22% -5.17% -16.31% -0.19% -41.42% -2.93% -1.87% -1.13% -0.98% -0.31%
Return on Equity (ROE)		 -43.18% -1.15% -0.67% -2.91% 0.37% 87.41% 10.99% 4.84% 4.53% 0.52% 0.96%
Cash Return on Invested Capital (CROIC)		 17.17% 12.51% -94.61% 61.91% 30.11% 14.06% -0.57% -17.56% -14.11% -17.90% 1.11%
Operating Return on Assets (OROA)		 -14.68% -0.51% 0.87% 1.03% 2.13% 9.40% 9.74% 6.36% 4.28% 1.65% 3.39%
Return on Assets (ROA)		 -15.17% -0.39% 1.83% 7.24% 0.15% 46.14% 6.81% 2.96% 2.40% 0.23% 0.41%
Return on Common Equity (ROCE)		 -43.05% -1.14% -0.67% -2.91% 0.37% 87.41% 10.99% 4.84% 4.53% 0.52% 0.96%
Return on Equity Simple (ROE_SIMPLE)		 -55.80% -1.15% -0.31% 13.62% 0.37% 60.08% 10.49% 0.00% 4.21% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -19 -0.69 2.39 8.59 0.23 109 20 12 12 3.97 3.69
NOPAT Margin		 -7.15% -0.29% 0.99% 3.52% 0.10% 39.65% 6.60% 3.41% 3.03% 0.91% 0.84%
Net Nonoperating Expense Percent (NNEP)		 -43.44% 0.28% 0.02% -0.29% 0.08% 2.73% 2.40% -4.51% -8.25% 45.14% 4.44%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 5.37% - 1.13% 1.01%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 64.51% 62.67% 63.94% 64.47% 64.53% 67.92% 68.55%
SG&A Expenses to Revenue		 24.53% 23.64% 23.98% 22.99% 24.30% 20.49% 19.03% 20.28% 20.84% 20.59% 20.13%
R&D to Revenue		 7.74% 7.72% 8.14% 8.66% 8.08% 7.93% 7.46% 7.23% 8.93% 8.23% 6.46%
Operating Expenses to Revenue		 110.21% 100.41% 99.46% 99.44% 34.08% 29.25% 26.57% 28.38% 30.71% 29.65% 27.08%
Earnings before Interest and Taxes (EBIT)		 -29 -0.82 1.10 1.39 3.71 22 30 22 19 9.63 21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -22 4.98 6.30 5.85 8.10 28 35 28 24 18 27
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.80 1.72 0.00 1.03 1.46 1.94 1.39 1.75 1.41 1.15 1.02
Price to Tangible Book Value (P/TBV)		 0.80 1.72 0.00 1.03 1.46 1.94 1.39 1.87 1.54 1.40 1.22
Price to Revenue (P/Rev)		 0.16 0.38 0.36 0.30 0.42 1.29 0.92 1.11 0.88 0.70 0.62
Price to Earnings (P/E)		 0.00 0.00 47.46 7.57 390.10 3.23 13.24 37.54 33.50 226.59 107.89
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 2.11% 13.22% 0.26% 30.95% 7.55% 2.66% 2.98% 0.44% 0.93%
Enterprise Value to Invested Capital (EV/IC)		 0.65 2.44 1.10 1.04 1.88 2.31 1.51 1.83 1.44 1.14 1.02
Enterprise Value to Revenue (EV/Rev)		 0.08 0.27 0.36 0.21 0.28 1.12 0.77 1.04 0.84 0.76 0.68
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 13.16 13.91 8.67 8.35 11.07 6.69 12.83 14.20 18.77 11.03
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 79.83 36.63 18.24 13.72 7.68 16.46 17.89 34.44 14.26
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 36.57 5.90 288.97 2.83 11.63 30.61 27.88 83.66 80.67
Enterprise Value to Operating Cash Flow (EV/OCF)		 57.38 6.97 10.67 17.23 3.87 17.80 83.33 0.00 11.27 57.99 21.99
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.67 18.06 0.00 1.28 5.31 25.88 0.00 0.00 0.00 0.00 92.18
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.17 0.17 0.00 0.13 0.13 0.00 0.00 0.00 0.19 0.33 0.36
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18 0.26 0.33
Financial Leverage		 -0.35 -0.46 -1.16 -1.19 -0.40 -0.33 -0.25 -0.17 -0.08 0.02 0.10
Leverage Ratio		 2.85 2.96 -0.37 -0.40 2.49 1.89 1.61 1.63 1.89 2.25 2.32
Compound Leverage Factor		 2.83 2.19 -0.42 -0.45 2.49 1.89 1.62 1.59 1.66 0.84 1.47
Debt to Total Capital		 14.41% 14.21% 0.00% 11.18% 11.59% 0.00% 0.00% 0.00% 15.89% 24.97% 26.62%
Short-Term Debt to Total Capital		 14.41% 14.21% 0.00% 11.18% 11.59% 0.00% 0.00% 0.00% 0.79% 5.31% 2.17%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.10% 19.66% 24.45%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.55% 0.86% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 85.04% 84.93% 100.00% 88.82% 88.41% 100.00% 100.00% 100.00% 84.11% 75.03% 73.38%
Debt to EBITDA		 -0.41 1.81 0.00 1.54 1.11 0.00 0.00 0.00 2.00 4.95 3.59
Net Debt to EBITDA		 1.01 -5.51 0.00 -3.92 -4.03 0.00 0.00 0.00 -0.67 1.58 0.89
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.90 3.90 3.30
Debt to NOPAT		 -0.47 -13.05 0.00 1.05 38.45 0.00 0.00 0.00 3.92 22.09 26.25
Net Debt to NOPAT		 1.16 39.83 0.00 -2.67 -139.35 0.00 0.00 0.00 -1.32 7.04 6.54
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.72 17.39 24.11
Altman Z-Score		 -4.73 -4.43 -4.44 -3.82 -3.45 0.42 0.41 0.81 0.56 0.30 0.43
Noncontrolling Interest Sharing Ratio		 0.30% 0.82% -0.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.40 1.45 6.66 1.53 1.49 1.77 1.98 1.81 1.85 1.64 1.97
Quick Ratio		 0.99 1.09 5.38 1.36 1.22 1.39 1.60 1.39 1.43 1.23 1.56
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 7.66 3.63 -50 40 13 12 -0.82 -31 -31 -48 3.23
Operating Cash Flow to CapEx		 22.62% 233.90% 125.08% 56.12% 379.62% 607.59% 0.00% -30.82% 1,141.68% 55.11% 181.55%
Free Cash Flow to Firm to Interest Expense		 73.69 72.63 -1,738.11 389.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 3.42 188.10 283.07 28.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -11.71 107.68 56.76 -22.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.38 1.52 1.92 1.81 1.37 1.15 0.97 1.00 0.91 0.74 0.71
Accounts Receivable Turnover		 3.17 3.82 3.84 3.29 3.13 3.47 2.96 2.49 2.01 1.63 1.57
Inventory Turnover		 0.00 0.00 0.00 0.00 12.45 8.59 7.45 7.33 5.50 4.04 3.94
Fixed Asset Turnover		 12.67 13.99 0.00 0.00 13.97 19.22 29.43 37.56 43.11 32.27 24.27
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 4.55 5.35 5.18 4.33 3.44 2.45 2.25
Days Sales Outstanding (DSO)		 115.05 95.54 95.14 110.82 116.60 105.16 123.30 146.83 181.85 224.54 232.67
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 29.33 42.47 49.02 49.80 66.32 90.42 92.64
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 80.14 68.21 70.47 84.27 106.02 148.97 162.03
Cash Conversion Cycle (CCC)		 115.05 95.54 95.14 110.82 65.79 79.41 101.85 112.36 142.14 165.99 163.27
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 31 27 80 49 36 133 154 196 240 291 292
Invested Capital Turnover		 6.02 8.33 4.55 3.80 5.64 3.25 2.11 1.97 1.87 1.64 1.51
Increase / (Decrease) in Invested Capital		 -27 -4.32 53 -31 -13 97 21 43 43 51 0.46
Enterprise Value (EV)		 20 66 88 51 68 308 232 360 344 332 298
Market Capitalization		 42 92 88 74 100 356 280 382 360 304 274
Book Value per Share		 $0.84 $10.12 ($138.47) $13.30 $12.74 $16.42 $18.07 $19.12 $20.36 $20.74 $20.66
Tangible Book Value per Share		 $0.84 $10.12 ($138.47) $13.30 $12.74 $16.42 $18.07 $17.88 $18.62 $17.07 $17.34
Total Capital		 62 63 -741 81 78 183 202 219 304 351 364
Total Debt		 9.00 9.00 0.00 9.00 9.00 0.00 0.00 0.00 48 88 97
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 46 69 89
Net Debt		 -22 -27 0.00 -23 -33 -48 -48 -22 -16 28 24
Capital Expenditures (CapEx)		 1.57 4.02 6.56 5.25 4.61 2.85 -0.49 5.34 2.68 10 7.47
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 18 11 72 21 13 26 54 84 124 140 151
Debt-free Net Working Capital (DFNWC)		 49 48 72 53 55 74 102 106 189 200 224
Net Working Capital (NWC)		 40 39 72 44 46 74 102 106 186 181 216
Net Nonoperating Expense (NNE)		 10 -0.07 0.09 -1.14 -0.02 -1.13 -1.17 1.58 1.59 2.62 1.16
Net Nonoperating Obligations (NNO)		 -22 -27 820 -23 -33 -50 -48 -22 -16 28 24
Total Depreciation and Amortization (D&A)		 6.65 5.80 5.20 4.47 4.39 5.38 4.46 6.18 4.99 8.05 6.12
Debt-free, Cash-free Net Working Capital to Revenue		 6.78% 4.59% 29.66% 8.55% 5.60% 9.43% 17.87% 24.28% 30.42% 32.29% 34.38%
Debt-free Net Working Capital to Revenue		 18.41% 19.67% 29.66% 21.65% 23.04% 26.87% 33.64% 30.73% 46.26% 46.02% 50.94%
Net Working Capital to Revenue		 15.06% 15.95% 29.66% 17.96% 19.27% 26.87% 33.64% 30.73% 45.67% 41.73% 49.15%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($2.86) ($0.08) $0.18 $0.91 $0.03 $9.98 $1.89 $1.01 $0.88 $0.11 $0.20
Adjusted Weighted Average Basic Shares Outstanding		 10.52M 10.64M 10.67M 10.75M 10.78M 11.04M 11.17M 11.36M 12.18M 12.68M 12.85M
Adjusted Diluted Earnings per Share		 ($2.86) ($0.08) $0.17 $0.87 $0.03 $9.42 $1.79 $0.97 $0.86 $0.10 $0.19
Adjusted Weighted Average Diluted Shares Outstanding		 10.52M 10.64M 11.29M 11.24M 10.94M 11.69M 11.82M 11.86M 12.46M 12.83M 13.03M
Adjusted Basic & Diluted Earnings per Share		 ($2.86) ($0.08) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.48M 10.58M 10.74M 10.73M 10.80M 11.17M 11.19M 11.53M 0.00 12.80M 12.80M
Normalized Net Operating Profit after Tax (NOPAT)		 -17 -0.28 1.82 1.47 5.20 17 20 19 15 9.93 15
Normalized NOPAT Margin		 -6.51% -0.11% 0.75% 0.60% 2.18% 6.23% 6.65% 5.62% 3.63% 2.28% 3.40%
Pre Tax Income Margin		 -10.62% -0.25% 0.52% 0.64% 1.55% 8.16% 10.05% 6.19% 4.14% 0.82% 3.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -275.88 -16.32 37.83 13.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -184.73 -13.79 82.58 84.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -291.01 -96.74 -188.48 -37.85 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -199.87 -94.21 -143.73 32.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.35% 23.78% 689.49% 0.71% 25.34% 0.00% 3.09% 44.52% 105.08%

Quarterly Metrics And Ratios for Aviat Networks

This table displays calculated financial ratios and metrics derived from Aviat Networks' official financial filings.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/29/2023 3/29/2024 6/28/2024 9/27/2024 12/27/2024 3/28/2025 6/27/2025 9/26/2025 12/26/2025 3/27/2026 7/3/2026
DEI Shares Outstanding		 11,720,047.00 12,547,276.00 - - - 12,683,983.00 12,692,431.00 12,799,307.00 - 12,902,310.00 12,939,463.00
DEI Adjusted Shares Outstanding		 11,720,047.00 12,547,276.00 - - - 12,683,983.00 12,692,431.00 12,799,307.00 - 12,902,310.00 12,939,463.00
DEI Earnings Per Adjusted Shares Outstanding		 0.15 0.31 - - - 0.28 0.41 0.01 - -0.16 -0.10
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.32% 32.75% 27.91% 1.75% 26.15% 1.64% -1.13% 21.36% -5.69% -11.22% 4.81%
EBITDA Growth		 -51.64% -21.67% -5.68% -365.98% 93.11% 17.64% 107.58% 137.36% 16.99% -88.03% -36.27%
EBIT Growth		 -55.94% -22.06% 0.18% -498.19% 91.28% 11.10% 116.92% 125.90% 30.26% -107.40% -40.66%
NOPAT Growth		 -71.01% -9.54% -74.58% -349.92% 251.60% 49.73% 147.27% 103.08% -12.36% -90.64% -133.44%
Net Income Growth		 -70.49% -20.84% -77.42% -433.96% 151.96% -8.84% 235.51% 101.36% 27.21% -158.53% -124.55%
EPS Growth		 -70.59% -26.83% -94.12% -413.33% 133.33% -10.00% 281.82% 101.06% 25.71% -159.26% -123.81%
Operating Cash Flow Growth		 -245.77% 2,471.52% 12.91% -294.31% 393.47% -89.40% 26.47% 56.78% 15.26% -204.86% -70.64%
Free Cash Flow Firm Growth		 -123.09% -46.33% -5.68% -921.00% 87.73% 43.07% -13.70% 74.41% -60.41% 34.28% 95.79%
Invested Capital Growth		 37.64% 24.69% 21.94% 46.55% 5.55% 13.03% 21.48% 9.25% 6.86% 6.17% 0.16%
Revenue Q/Q Growth		 7.80% 18.28% 2.02% -22.34% 33.66% -4.70% 2.40% -6.95% 3.87% -10.29% 20.88%
EBITDA Q/Q Growth		 -4.90% 32.56% -8.84% -355.27% 169.05% -19.25% 74.96% -61.70% 116.21% -91.74% 831.85%
EBIT Q/Q Growth		 -1.52% 39.20% -11.48% -470.38% 147.31% -19.15% 92.50% -64.82% 137.93% -104.60% 1,642.73%
NOPAT Q/Q Growth		 -61.82% 181.75% -86.52% -1,999.71% 153.71% 19.99% -35.45% -92.59% 1,427.96% -87.19% -330.61%
Net Income Q/Q Growth		 -49.85% 116.93% -86.92% -2,757.49% 137.84% -21.51% 47.31% -96.88% 3,429.63% -136.11% 38.21%
EPS Q/Q Growth		 -50.00% 100.00% -96.30% -9,500.00% 137.23% -22.86% 55.56% -97.62% 4,300.00% -136.36% 37.50%
Operating Cash Flow Q/Q Growth		 -150.58% 316.66% -45.75% -426.86% 176.39% -92.17% 547.23% -211.71% 303.69% -107.12% 281.21%
Free Cash Flow Firm Q/Q Growth		 -604.49% 35.32% 5.27% -134.27% 91.54% -200.16% -85.36% 45.67% 46.93% -22.98% 88.12%
Invested Capital Q/Q Growth		 35.08% -3.61% -3.49% 16.63% -2.72% 3.22% 3.73% 4.88% -4.84% 2.54% -2.14%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 38.77% 32.55% 34.70% 22.38% 34.59% 34.89% 34.22% 33.23% 32.39% 29.28% 30.81%
EBITDA Margin		 5.51% 6.18% 4.97% -16.34% 8.44% 7.15% 12.22% 5.03% 10.47% 0.96% 7.43%
Operating Margin		 3.62% 5.11% 3.37% -17.61% 6.74% 8.25% 7.70% 4.84% 6.54% 0.94% 4.82%
EBIT Margin		 4.30% 5.06% 3.86% -18.41% 6.52% 5.53% 10.39% 3.93% 9.00% -0.46% 5.88%
Profit (Net Income) Margin		 1.90% 3.49% 0.39% -13.43% 3.80% 3.13% 4.51% 0.15% 5.13% -2.06% -1.06%
Tax Burden Percent		 49.12% 82.76% 14.97% 68.30% 73.44% 75.56% 51.06% 6.47% 70.39% 89.43% -26.04%
Interest Burden Percent		 90.21% 83.44% 67.94% 106.85% 79.48% 74.99% 84.93% 59.39% 80.98% 500.87% 68.91%
Effective Tax Rate		 50.88% 17.24% 85.03% 0.00% 26.56% 24.44% 48.94% 93.53% 29.61% 0.00% 126.04%
Return on Invested Capital (ROIC)		 2.82% 7.20% 0.94% -21.47% 8.12% 10.28% 6.44% 0.49% 7.31% 0.99% -1.89%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.48% 13.39% 1.60% 41.36% -2.36% -38.76% 17.85% 0.02% 10.17% -9.77% -0.97%
Return on Net Nonoperating Assets (RNNOA)		 -0.06% -0.75% -0.13% -0.27% -0.12% -1.07% 0.40% 0.00% 0.80% -0.94% -0.10%
Return on Equity (ROE)		 2.76% 6.45% 0.81% -21.75% 8.00% 9.20% 6.84% 0.49% 8.11% 0.05% -1.99%
Cash Return on Invested Capital (CROIC)		 -25.70% -16.30% -14.11% -38.08% -4.47% -10.34% -17.90% -2.73% -0.39% -2.23% 1.11%
Operating Return on Assets (OROA)		 3.57% 4.50% 3.51% -15.69% 5.17% 4.31% 7.73% 2.89% 6.41% -0.32% 4.20%
Return on Assets (ROA)		 1.58% 3.11% 0.36% -11.45% 3.02% 2.44% 3.35% 0.11% 3.66% -1.44% -0.75%
Return on Common Equity (ROCE)		 2.76% 6.45% 0.81% -21.75% 8.00% 9.20% 6.84% 0.49% 8.11% 0.05% -1.99%
Return on Equity Simple (ROE_SIMPLE)		 4.81% 4.33% 0.00% -1.89% -0.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 1.66 4.69 0.57 -11 5.85 7.02 4.53 0.34 5.13 0.66 -1.52
NOPAT Margin		 1.78% 4.23% 0.50% -12.32% 4.95% 6.23% 3.93% 0.31% 4.60% 0.66% -1.25%
Net Nonoperating Expense Percent (NNEP)		 1.35% -6.19% -0.66% -62.83% 10.48% 49.04% -11.42% 0.47% -2.86% 10.75% -0.92%
Return On Investment Capital (ROIC_SIMPLE)		 0.55% 1.53% - - 1.80% 2.13% 1.29% 0.09% 1.36% 0.17% -0.42%
Cost of Revenue to Revenue		 61.23% 67.45% 65.30% 77.62% 65.41% 65.11% 65.78% 66.77% 67.61% 70.72% 69.19%
SG&A Expenses to Revenue		 24.06% 18.23% 20.25% 28.21% 18.00% 19.64% 18.32% 21.78% 20.08% 20.36% 18.52%
R&D to Revenue		 8.96% 9.59% 9.65% 11.77% 8.65% 6.84% 6.45% 6.61% 5.75% 7.66% 5.99%
Operating Expenses to Revenue		 35.16% 27.44% 31.34% 39.98% 27.85% 26.64% 26.52% 28.40% 25.85% 28.34% 25.99%
Earnings before Interest and Taxes (EBIT)		 4.03 5.60 4.40 -16 7.70 6.23 12 4.22 10 -0.46 7.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5.17 6.85 5.66 -14 9.98 8.06 14 5.40 12 0.96 8.98
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.51 1.86 1.41 1.15 0.91 0.94 1.15 1.09 1.01 1.09 1.02
Price to Tangible Book Value (P/TBV)		 1.65 2.04 1.54 1.40 1.11 1.14 1.40 1.32 1.21 1.30 1.22
Price to Revenue (P/Rev)		 1.08 1.26 0.88 0.69 0.52 0.55 0.70 0.64 0.62 0.68 0.62
Price to Earnings (P/E)		 31.35 42.99 33.50 0.00 0.00 0.00 226.59 21.56 18.83 32.83 107.89
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 3.19% 2.33% 2.98% 0.00% 0.00% 0.00% 0.44% 4.64% 5.31% 3.05% 0.93%
Enterprise Value to Invested Capital (EV/IC)		 1.50 1.90 1.44 1.13 0.91 0.94 1.14 1.08 1.01 1.08 1.02
Enterprise Value to Revenue (EV/Rev)		 1.09 1.24 0.84 0.77 0.57 0.61 0.76 0.73 0.66 0.74 0.68
Enterprise Value to EBITDA (EV/EBITDA)		 15.25 20.08 14.20 72.53 27.10 25.45 18.77 8.80 7.49 10.02 11.03
Enterprise Value to EBIT (EV/EBIT)		 19.62 26.01 17.89 0.00 97.34 83.17 34.44 10.96 9.05 12.49 14.26
Enterprise Value to NOPAT (EV/NOPAT)		 29.09 37.05 27.88 0.00 100.70 52.73 83.66 18.48 16.73 29.64 80.67
Enterprise Value to Operating Cash Flow (EV/OCF)		 28.36 15.91 11.27 0.00 14.43 74.97 57.99 15.61 12.09 15.35 21.99
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 92.18
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.20 0.19 0.19 0.34 0.30 0.29 0.33 0.40 0.39 0.38 0.36
Long-Term Debt to Equity		 0.19 0.18 0.18 0.33 0.29 0.27 0.26 0.39 0.37 0.36 0.33
Financial Leverage		 -0.04 -0.06 -0.08 -0.01 0.05 0.03 0.02 0.14 0.08 0.10 0.10
Leverage Ratio		 1.84 1.80 1.89 2.03 2.17 2.17 2.25 2.42 2.41 2.36 2.32
Compound Leverage Factor		 1.66 1.51 1.29 2.17 1.73 1.63 1.91 1.44 1.95 11.81 1.60
Debt to Total Capital		 16.33% 15.92% 15.89% 25.23% 23.07% 22.40% 24.97% 28.77% 27.95% 27.73% 26.62%
Short-Term Debt to Total Capital		 0.79% 0.78% 0.79% 0.72% 1.15% 1.13% 5.31% 1.20% 1.18% 1.49% 2.17%
Long-Term Debt to Total Capital		 15.54% 15.14% 15.10% 24.50% 21.93% 21.27% 19.66% 27.57% 26.77% 26.24% 24.45%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 83.67% 84.08% 84.11% 74.77% 76.93% 77.60% 75.03% 71.23% 72.05% 72.27% 73.38%
Debt to EBITDA		 1.96 2.09 2.00 19.14 8.17 7.13 4.95 2.84 2.69 3.25 3.59
Net Debt to EBITDA		 0.14 -0.44 -0.67 7.42 2.43 2.36 1.58 1.11 0.48 0.81 0.89
Long-Term Debt to EBITDA		 1.86 1.99 1.90 18.59 7.76 6.77 3.90 2.72 2.57 3.07 3.30
Debt to NOPAT		 3.73 3.85 3.92 -112.68 30.34 14.77 22.09 5.96 6.00 9.60 26.25
Net Debt to NOPAT		 0.27 -0.81 -1.32 -43.71 9.03 4.89 7.04 2.33 1.08 2.41 6.54
Long-Term Debt to NOPAT		 3.55 3.66 3.72 -109.45 28.84 14.02 17.39 5.71 5.74 9.08 24.11
Altman Z-Score		 0.48 0.88 0.47 0.06 0.13 0.15 0.31 0.33 0.35 0.35 0.36
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.00 2.12 1.85 1.72 1.68 1.62 1.64 1.84 1.85 1.99 1.97
Quick Ratio		 1.49 1.59 1.43 1.27 1.24 1.17 1.23 1.38 1.42 1.55 1.56
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -69 -44 -43 -100 -8.44 -25 -47 -26 -14 -17 -1.98
Operating Cash Flow to CapEx		 -1,084.51% 3,082.50% 1,027.32% -898.02% 904.58% 58.10% 463.65% -679.91% 1,659.75% -46.21% 501.79%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.83 0.89 0.91 0.85 0.79 0.78 0.74 0.73 0.71 0.70 0.71
Accounts Receivable Turnover		 1.90 2.09 2.01 1.95 1.78 1.77 1.63 1.63 1.61 1.57 1.57
Inventory Turnover		 4.33 5.03 5.50 5.01 4.13 3.93 4.04 3.65 3.87 3.54 3.94
Fixed Asset Turnover		 33.86 44.84 43.11 39.16 36.95 39.57 32.27 29.59 26.97 25.08 24.27
Accounts Payable Turnover		 3.54 3.90 3.44 3.31 3.09 2.91 2.45 2.41 2.20 2.35 2.25
Days Sales Outstanding (DSO)		 192.30 175.01 181.85 186.78 205.00 206.17 224.54 223.30 226.42 232.18 232.67
Days Inventory Outstanding (DIO)		 84.28 72.53 66.32 72.81 88.27 92.84 90.42 100.11 94.34 103.03 92.64
Days Payable Outstanding (DPO)		 103.18 93.65 106.02 110.11 118.00 125.22 148.97 151.38 166.06 155.26 162.03
Cash Conversion Cycle (CCC)		 173.40 153.88 142.14 149.47 175.28 173.78 165.99 172.02 154.70 179.96 163.27
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 258 248 240 279 272 281 291 305 291 298 292
Invested Capital Turnover		 1.59 1.70 1.87 1.74 1.64 1.65 1.64 1.55 1.59 1.50 1.51
Increase / (Decrease) in Invested Capital		 70 49 43 89 14 32 51 26 19 17 0.46
Enterprise Value (EV)		 386 471 344 316 248 264 332 330 294 322 298
Market Capitalization		 383 481 360 284 226 239 304 288 275 296 274
Book Value per Share		 $21.67 $20.60 $20.36 $19.67 $19.67 $20.19 $20.74 $20.60 $21.16 $21.06 $20.66
Tangible Book Value per Share		 $19.84 $18.83 $18.62 $16.17 $16.00 $16.57 $17.07 $17.06 $17.67 $17.66 $17.34
Total Capital		 303 307 304 330 324 330 351 370 377 376 364
Total Debt		 50 49 48 83 75 74 88 106 105 104 97
Total Long-Term Debt		 47 47 46 81 71 70 69 102 101 99 89
Net Debt		 3.63 -10 -16 32 22 24 28 42 19 26 24
Capital Expenditures (CapEx)		 0.65 0.50 0.81 3.03 2.29 2.80 2.27 1.73 1.44 3.69 0.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 140 135 124 130 122 129 140 156 145 152 151
Debt-free Net Working Capital (DFNWC)		 186 194 189 181 174 178 200 221 231 230 224
Net Working Capital (NWC)		 183 191 186 179 171 175 181 216 227 224 216
Net Nonoperating Expense (NNE)		 -0.12 0.82 0.13 0.98 1.36 3.49 -0.66 0.17 -0.59 2.72 -0.24
Net Nonoperating Obligations (NNO)		 3.63 -10 -16 32 22 24 28 42 19 26 24
Total Depreciation and Amortization (D&A)		 1.14 1.24 1.27 1.83 2.28 1.83 2.11 1.18 1.64 1.43 1.87
Debt-free, Cash-free Net Working Capital to Revenue		 39.57% 35.36% 30.42% 31.84% 28.05% 29.55% 32.29% 34.39% 32.40% 34.91% 34.38%
Debt-free Net Working Capital to Revenue		 52.57% 50.92% 46.26% 44.30% 40.16% 40.89% 46.02% 48.68% 51.75% 52.90% 50.94%
Net Working Capital to Revenue		 51.90% 50.29% 45.67% 43.72% 39.30% 40.03% 41.73% 47.70% 50.75% 51.61% 49.15%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.24 $0.27 $0.02 ($0.94) $0.35 $0.28 $0.42 $0.01 $0.44 ($0.16) ($0.09)
Adjusted Weighted Average Basic Shares Outstanding		 12.00M 12.56M 12.18M 12.65M 12.69M 12.69M 12.68M 12.76M 12.86M 12.92M 12.85M
Adjusted Diluted Earnings per Share		 $0.24 $0.27 $0.01 ($0.94) $0.35 $0.27 $0.42 $0.01 $0.44 ($0.16) ($0.10)
Adjusted Weighted Average Diluted Shares Outstanding		 12.23M 12.78M 12.46M 12.65M 12.78M 12.84M 12.83M 12.98M 13.01M 12.92M 13.03M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.55M 12.57M 0.00 12.69M 12.68M 12.69M 12.80M 12.84M 12.90M 12.94M 12.80M
Normalized Net Operating Profit after Tax (NOPAT)		 3.77 4.35 3.83 -11 6.89 7.16 5.56 3.63 5.14 0.88 4.08
Normalized NOPAT Margin		 4.03% 3.92% 3.36% -12.32% 5.83% 6.35% 4.82% 3.38% 4.61% 0.88% 3.37%
Pre Tax Income Margin		 3.88% 4.22% 2.62% -19.67% 5.18% 4.15% 8.83% 2.33% 7.29% -2.31% 4.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 2.72% 2.97% 3.09% 0.00% -25.39% -25.92% 44.52% 0.00% 0.67% 5.54% 105.08%

Financials Breakdown Chart

Key Financial Trends

Aviat Networks’ latest results show improving revenue and gross profit, but profitability remains inconsistent. Fourth-quarter fiscal 2026 revenue reached $120.9 million, up from $100.0 million in the prior quarter and above the $115.3 million reported in fiscal Q4 2025. Gross profit increased to $37.2 million, although the gross margin was approximately 30.8%, below roughly 34% in the comparable prior-year quarter. Operating income improved sequentially to $5.8 million, but a $6.2 million income tax expense pushed the company to a $1.3 million net loss, or $0.10 per diluted share.

Over the supplied periods, revenue has generally recovered from the $86.9 million reported in fiscal Q1 2024, while operating expenses have been relatively stable in the $28 million to $31 million range in recent quarters. However, net income has swung from a $5.7 million profit in fiscal Q2 2026 to losses in Q3 and Q4. This volatility, along with recurring restructuring costs and substantial other expenses, remains an important risk for investors.

Cash generation also remains uneven. Aviat produced $3.1 million of operating cash flow in Q4 fiscal 2026, reversing the $1.7 million outflow in Q3 but falling well short of the $23.9 million generated in Q2. The latest quarter benefited from a $4.6 million working-capital contribution, suggesting that operating cash flow was supported more by balance-sheet movements than by net earnings. Financing activity included $32.3 million of debt repayment and $25.0 million of new debt issuance, resulting in a net financing outflow of $9.5 million and a total quarterly cash decline of $5.5 million.

The balance sheet provides some support, although leverage has increased meaningfully compared with fiscal 2024. At March 27, 2026, Aviat reported $78.1 million of cash and equivalents, $104.3 million of total debt, and $271.8 million of equity. Accounts receivable declined to $272.9 million from $293.7 million in the prior quarter, while inventories fell to $72.6 million from $76.6 million. Current assets of $450.4 million exceeded current liabilities of $226.3 million, producing a current ratio of approximately 2.0.

  • Revenue momentum improved: Fiscal Q4 2026 revenue of $120.9 million was the highest of the latest four fiscal 2026 quarters and exceeded the comparable fiscal Q4 2025 level.
  • Sequential operating improvement: Operating income rose from $0.9 million in Q3 fiscal 2026 to $5.8 million in Q4.
  • Gross profit increased: Gross profit grew to $37.2 million in Q4 from $29.3 million in Q3, despite continued pressure on the gross margin.
  • Operating cash flow returned to positive territory: The company generated $3.1 million from operations in Q4 after a $1.7 million outflow in Q3.
  • Working-capital balances improved sequentially: Accounts receivable and inventory declined from Q2 to Q3 fiscal 2026, potentially reducing cash tied up in operations.
  • Liquidity remains adequate on the latest reported balance sheet: Current assets were approximately twice current liabilities, providing a cushion for near-term obligations.
  • Debt repayment exceeded new borrowing in Q4: Aviat repaid $32.3 million of debt while issuing $25.0 million, reducing net debt financing during the quarter.
  • Research and development spending remains substantial: R&D expense was $7.2 million in Q4, which may support future products but limits near-term operating leverage.
  • Profitability deteriorated from the prior-year quarter: Net income declined from $5.2 million in fiscal Q4 2025 to a $1.3 million loss in fiscal Q4 2026.
  • Gross margins have compressed: The latest margin of approximately 30.8% was below the roughly 34% range reported in fiscal Q4 2025 and fiscal Q3 2025.

Overall, Aviat Networks enters the next period with stronger revenue and a reasonable current-liquidity position, but investors should monitor whether revenue growth can translate into consistent earnings and internally generated cash. The sharp increase in debt from the fiscal 2024 levels, ongoing margin pressure, tax-related charges and volatile working-capital needs make sustained profitability the key issue for the stock.

09/04/26 05:42 AM ETAI Generated. May Contain Errors.

Aviat Networks Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Aviat Networks' fiscal year ends in July. Their fiscal year 2026 ended on July 3, 2026.

Aviat Networks' net income appears to be on an upward trend, with a most recent value of $2.54 million in 2026, falling from -$29.64 million in 2016. The previous period was $1.34 million in 2025. Find out what analysts predict for Aviat Networks in the coming months.

Aviat Networks' total operating income in 2026 was $19.24 million, based on the following breakdown:
  • Total Gross Profit: $138.29 million
  • Total Operating Expenses: $119.05 million

Over the last 10 years, Aviat Networks' total revenue changed from $268.69 million in 2016 to $439.68 million in 2026, a change of 63.6%.

Aviat Networks' total liabilities were at $331.57 million at the end of 2026, a 10.4% decrease from 2025, and a 194.3% increase since 2016.

In the past 10 years, Aviat Networks' cash and equivalents has ranged from $22.24 million in 2023 to $72.84 million in 2026, and is currently $72.84 million as of their latest financial filing in 2026.

Over the last 10 years, Aviat Networks' book value per share changed from 0.84 in 2016 to 20.66 in 2026, a change of 2,355.7%.


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Financial statements for NASDAQ:AVNW last updated on 8/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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