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Comtech Telecommunications (CMTL) Financials

Comtech Telecommunications logo
$1.74 -0.03 (-1.42%)
As of 03:20 PM Eastern
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Annual Income Statements for Comtech Telecommunications

Annual Income Statements for Comtech Telecommunications

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 23 -7.74 16 30 25 7.02 -73 -43 -34 -135 -204
Consolidated Net Income / (Loss)		 23 -7.74 16 30 25 7.02 -73 -33 -27 -100 -155
Net Income / (Loss) Continuing Operations		 23 -7.74 16 30 25 7.02 -73 -33 -27 -100 -155
Total Pre-Tax Income 		34 -8.19 25 25 29 9.31 -75 -37 -31 -100 -155
Total Operating Income		 34 -0.58 37 35 41 15 -68 -34 -15 -80 -139
Total Gross Profit		 139 171 218 224 247 227 214 180 184 157 128
Total Revenue		 307 411 550 571 672 617 582 486 550 540 500
Operating Revenue		 307 411 550 571 672 617 582 486 550 540 500
Total Cost of Revenue		 168 240 332 347 424 390 368 306 366 383 372
Operating Cost of Revenue		 168 240 332 347 424 390 368 306 366 383 372
Total Operating Expenses		 105 172 181 189 206 212 282 214 199 237 267
Selling, General & Admin Expense		 63 95 116 114 129 117 112 115 120 123 143
Research & Development Expense		 36 42 54 54 56 52 49 53 49 24 17
Amortization Expense		 6.21 13 23 21 18 22 21 21 21 21 22
Other Operating Expenses / (Income)		 - - - - - 0.00 0.00 25 9.09 4.12 4.80
Impairment Charge		 - - - - - - - 0.00 0.00 65 80
Total Other Income / (Expense), net		 -0.07 -7.62 -12 -10 -12 -5.86 -6.68 -3.32 -16 -20 -16
Interest Expense		 0.48 7.62 12 10 12 6.05 6.82 5.03 15 24 55
Other Income / (Expense), net		 - - - - -0.04 0.19 0.14 1.71 -1.23 3.60 38
Income Tax Expense		 11 -0.45 9.65 -5.14 3.87 2.29 -1.50 -4.02 -3.95 -0.30 -0.08
Preferred Stock Dividends Declared		 - - - - - 0.00 0.00 10 7.01 16 100
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 - - - - - - - - 0.00 20 -51
Basic Earnings per Share		 $1.43 ($0.46) $0.68 $1.25 $1.04 $0.28 ($2.86) ($1.63) ($1.21) ($4.70) ($6.95)
Weighted Average Basic Shares Outstanding		 16.20M 16.97M 23.43M 23.83M 24.12M 24.80M 25.69M 26.51M 28.00M 28.80M 29.41M
Diluted Earnings per Share		 $1.42 ($0.46) $0.67 $1.24 $1.03 $0.28 ($2.86) ($1.63) ($1.21) ($4.70) ($6.95)
Weighted Average Diluted Shares Outstanding		 16.42M 16.97M 23.49M 24.04M 24.30M 24.90M 25.69M 26.51M 28.00M 28.80M 29.41M

Quarterly Income Statements for Comtech Telecommunications

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -3.26 -31 -1.04 -101 -156 -22 -14 -12 -20 -20 -14
Consolidated Net Income / (Loss)		 -1.44 -11 2.80 -91 -148 -49 34 7.91 -16 -14 -3.45
Net Income / (Loss) Continuing Operations		 -1.44 -11 2.80 -91 -148 -49 34 7.91 -16 -14 -3.45
Total Pre-Tax Income 		-2.78 -3.19 -2.59 -92 -146 -50 32 8.47 -15 -14 -2.19
Total Operating Income		 2.09 2.97 -3.47 -81 -129 -10 -1.53 1.86 -2.76 -1.24 -3.12
Total Gross Profit		 48 43 39 27 15 34 39 41 37 36 36
Total Revenue		 152 134 128 126 116 127 127 130 111 107 106
Operating Revenue		 152 134 128 126 116 127 127 130 111 107 106
Total Cost of Revenue		 104 91 89 99 101 93 88 90 74 71 70
Operating Cost of Revenue		 104 91 89 99 101 93 88 90 74 71 70
Total Operating Expenses		 46 40 42 109 144 44 40 39 40 37 39
Selling, General & Admin Expense		 33 30 29 31 52 34 30 28 30 28 29
Research & Development Expense		 7.81 6.84 5.75 3.68 3.71 4.35 4.43 4.92 3.79 4.43 5.22
Amortization Expense		 5.29 5.29 5.29 5.29 6.59 5.04 5.04 5.04 5.04 5.04 4.60
Other Operating Expenses / (Income)		 0.00 -2.21 2.69 3.64 2.18 0.77 0.81 1.05 0.75 0.31 0.04
Impairment Charge		 0.00 0.00 0.00 - 80 0.00 0.00 - 0.00 0.00 0.00
Total Other Income / (Expense), net		 -4.87 -6.17 0.88 -10 -17 -39 34 6.60 -13 -12 0.94
Interest Expense		 4.93 5.27 5.15 8.64 11 11 16 16 12 11 12
Other Income / (Expense), net		 0.07 -0.90 6.03 -1.60 -6.16 -28 50 23 -1.13 -1.16 12
Income Tax Expense		 -1.34 7.36 -5.38 -0.93 2.13 -0.97 -1.80 0.56 0.44 0.02 1.27
Preferred Stock Dividends Declared		 1.82 20 3.84 9.82 7.46 -26 48 71 3.90 6.53 11
Basic Earnings per Share		 ($0.11) ($1.07) ($0.04) ($3.48) ($5.29) ($0.76) ($0.49) ($0.41) ($0.67) ($0.68) ($0.47)
Weighted Average Basic Shares Outstanding		 28.75M 28.66M 28.85M 28.80M 29.45M 29.34M 29.40M 29.41M 29.62M 29.82M 30.03M
Diluted Earnings per Share		 ($0.11) ($1.07) ($0.04) ($3.48) ($5.29) ($0.76) ($0.49) ($0.41) ($0.67) ($0.68) ($0.47)
Weighted Average Diluted Shares Outstanding		 28.75M 28.66M 28.85M 28.80M 29.45M 29.34M 29.40M 29.41M 29.62M 29.82M 30.03M
Weighted Average Basic & Diluted Shares Outstanding		 28.48M 28.47M 28.49M 28.87M 29.17M 29.35M 29.40M 0.00 29.63M 29.68M 29.96M

Annual Cash Flow Statements for Comtech Telecommunications

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
Net Change in Cash & Equivalents		 -3.55 -84 -25 1.64 2.09 2.30 -17 -9.21 -2.69 13 7.59
Net Cash From Operating Activities		 22 15 67 50 68 53 -41 2.00 -4.43 -54 -8.29
Net Cash From Continuing Operating Activities		 22 15 67 50 68 53 -41 2.00 -4.43 -54 -8.29
Net Income / (Loss) Continuing Operations		 23 -7.74 16 30 25 7.02 -73 -33 -27 -100 -155
Consolidated Net Income / (Loss)		 23 -7.74 16 30 25 7.02 -73 -33 -27 -100 -155
Depreciation Expense		 6.53 9.83 14 14 12 11 9.38 10 12 12 12
Amortization Expense		 6.28 14 25 23 19 22 22 23 24 26 35
Non-Cash Adjustments To Reconcile Net Income		 7.80 7.76 -0.33 15 25 10 15 19 19 75 89
Changes in Operating Assets and Liabilities, net		 -22 -8.98 12 -31 -13 2.36 -13 -17 -33 -68 10
Net Cash From Investing Activities		 -3.36 -286 -8.15 -8.64 -45 -20 -15 -20 -18 20 -8.57
Net Cash From Continuing Investing Activities		 -3.36 -286 -8.15 -8.64 -45 -20 -15 -20 -18 20 -8.57
Purchase of Property, Plant & Equipment		 -3.36 -5.67 -8.15 -8.64 -8.79 -7.23 -16 -20 -18 -13 -8.57
Divestitures		 - - - - 0.00 0.00 1.30 - - - 0.00
Net Cash From Financing Activities		 -22 187 -84 -40 -21 -30 39 8.42 20 48 24
Net Cash From Continuing Financing Activities		 -22 187 -84 -40 -21 -30 39 8.42 20 48 24
Repayment of Debt		 0.00 -223 -65 -31 -172 -16 -0.07 -0.16 -5.69 -59 -76
Repurchase of Preferred Equity		 - - - - - - - - 0.00 -4.27 -0.73
Repurchase of Common Equity		 -4.99 -0.48 -0.63 0.00 -0.15 0.00 0.00 -4.01 -0.10 -0.02 -0.21
Payment of Dividends		 -19 -19 -19 -9.54 -9.79 -10 -10 -11 -8.66 -0.27 -0.16
Issuance of Debt		 - 334 0.00 0.00 165 0.00 52 -71 37 72 100
Issuance of Preferred Equity		 - - - - - 0.00 0.00 100 0.00 43 0.00
Issuance of Common Equity		 0.92 96 0.69 0.86 0.94 0.86 0.81 0.73 0.47 0.25 0.12
Other Financing Activities, net		 1.59 -0.08 -0.18 -0.82 -4.83 -4.81 -2.80 -6.11 -2.87 -3.82 1.57
Cash Interest Paid		 0.12 5.31 10 7.29 7.67 5.55 5.99 4.09 12 18 28
Cash Income Taxes Paid		 11 3.68 -0.76 1.11 2.01 2.88 -1.37 2.91 0.36 4.88 1.88

Quarterly Cash Flow Statements for Comtech Telecommunications

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Net Change in Cash & Equivalents		 -0.85 -21 30 5.24 -2.79 -2.98 1.77 12 3.62 -11 -4.33
Net Cash From Operating Activities		 -15 -27 -3.79 -9.50 -22 -0.23 2.30 11 8.08 4.87 6.11
Net Cash From Continuing Operating Activities		 -15 -27 -3.79 -9.50 -22 -0.23 2.30 11 8.08 4.87 6.11
Net Income / (Loss) Continuing Operations		 -1.44 -11 2.80 -91 -148 -49 34 7.91 -16 -14 -3.45
Consolidated Net Income / (Loss)		 -1.44 -11 2.80 -91 -148 -49 34 7.91 -16 -14 -3.45
Depreciation Expense		 3.02 2.93 3.12 3.09 2.90 2.78 2.73 3.40 3.00 2.97 3.13
Amortization Expense		 6.12 6.48 6.68 6.82 8.08 6.23 9.27 11 12 12 12
Non-Cash Adjustments To Reconcile Net Income		 2.87 1.86 -11 81 119 35 -46 -18 -1.75 6.46 -11
Changes in Operating Assets and Liabilities, net		 -25 -27 -5.43 -9.67 -3.09 4.30 2.72 7.39 11 -2.51 6.04
Net Cash From Investing Activities		 -3.22 28 -0.62 -4.18 -2.42 -1.65 -2.46 -2.04 -3.26 -4.43 -5.42
Net Cash From Continuing Investing Activities		 -3.22 28 -0.62 -4.18 -2.42 -1.65 -2.46 -2.04 -3.26 -4.43 -5.42
Purchase of Property, Plant & Equipment		 -3.22 -4.27 -1.42 -4.18 -2.42 -1.65 -2.46 -2.04 -3.26 -4.43 -5.44
Net Cash From Financing Activities		 17 20 -8.36 19 21 -1.09 1.93 2.17 -1.20 -11 -5.01
Net Cash From Continuing Financing Activities		 17 -23 35 19 21 -1.09 1.93 2.17 -1.20 -11 -5.01
Repayment of Debt		 -0.93 -20 15 -35 -2.76 -0.40 -37 -36 -1.01 -1.01 -15
Payment of Dividends		 -0.11 -0.15 -0.00 -0.00 -0.04 -0.12 -0.65 0.65 -0.02 -0.00 -0.00
Issuance of Debt		 20 3.02 -23 54 25 - 40 35 0.00 -10 10
Issuance of Common Equity		 0.09 0.08 0.04 0.04 0.04 0.05 0.02 0.02 0.02 0.02 0.03
Other Financing Activities, net		 -1.68 -2.12 -0.01 -0.01 -0.76 -0.59 -0.04 2.96 -0.19 -0.26 -0.03
Cash Interest Paid		 4.28 4.42 4.05 5.35 6.73 4.97 9.32 6.71 4.98 4.62 4.35
Cash Income Taxes Paid		 1.02 0.93 1.84 1.08 0.04 0.60 0.76 0.48 -0.09 0.31 -0.25

Annual Balance Sheets for Comtech Telecommunications

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
Total Assets		 474 921 832 845 888 930 993 974 996 912 741
Total Current Assets		 301 304 241 280 280 277 287 263 305 337 270
Cash & Equivalents		 151 67 42 43 46 48 31 22 19 32 40
Accounts Receivable		 69 151 125 147 145 127 158 124 163 196 145
Inventories, net		 62 71 61 75 75 82 80 96 106 93 69
Prepaid Expenses		 7.40 15 14 14 15 20 18 22 18 15 16
Plant, Property, & Equipment, net		 15 39 33 29 28 27 35 50 53 47 43
Total Noncurrent Assets		 158 579 558 536 579 626 669 661 638 529 427
Goodwill		 137 288 291 291 310 331 348 348 348 284 205
Intangible Assets		 20 285 262 241 262 258 269 247 226 195 173
Other Noncurrent Operating Assets		 0.39 3.27 2.60 2.74 3.86 35 52 65 62 46 48
Other Noncurrent Nonoperating Assets		 0.00 3.31 3.07 2.21 3.13 2.39 - 1.01 2.35 3.25 1.91
Total Liabilities & Shareholders' Equity		 474 921 832 845 888 930 993 974 996 912 741
Total Liabilities		 72 451 352 339 353 380 492 403 446 426 447
Total Current Liabilities		 64 184 144 165 145 160 204 193 212 184 158
Short-Term Debt		 0.00 15 18 19 0.76 - - 0.00 4.38 4.05 4.05
Accounts Payable		 16 33 29 44 24 23 36 45 64 42 26
Accrued Expenses		 29 98 69 65 79 85 90 73 67 62 58
Other Current Liabilities		 - - - 34 39 48 8.84 8.69 8.65 7.87 70
Other Current Nonoperating Liabilities		 0.00 1.32 0.28 0.50 0.59 0.16 0.20 0.17 1.37 1.07 0.02
Total Noncurrent Liabilities		 8.13 267 208 174 207 221 289 209 234 237 478
Long-Term Debt		 0.00 240 176 148 165 150 201 130 160 174 210
Noncurrent Deferred Revenue		 1.57 8.76 9.74 2.57 11 1.96 13 13 21 23 23
Noncurrent Deferred & Payable Income Tax Liabilities		 2.93 9.80 17 11 12 18 21 15 9.49 6.19 4.62
Other Noncurrent Operating Liabilities		 3.63 4.11 2.66 12 19 52 54 51 44 34 241
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		 401 470 480 506 535 549 501 467 438 306 104
Total Preferred & Common Equity		 401 470 480 506 535 549 501 467 438 306 104
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		 401 470 480 506 535 549 501 467 438 306 104
Common Stock		 430 529 537 542 557 574 610 630 641 645 553
Retained Earnings		 413 384 385 405 420 417 333 279 239 104 -6.90
Treasury Stock		 -442 -442 -442 -442 -442 -442 -442 -442 -442 -442 -442

Quarterly Balance Sheets for Comtech Telecommunications

This table presents Comtech Telecommunications' 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 10/31/2023 1/31/2024 4/30/2024 10/31/2024 1/31/2025 4/30/2025 10/31/2025 1/31/2026 4/30/2026
Total Assets		 1,013 997 991 793 771 751 734 704 693
Total Current Assets		 354 343 344 307 290 275 267 242 237
Cash & Equivalents		 18 40 27 30 27 28 44 33 28
Accounts Receivable		 185 199 200 181 167 151 140 128 128
Inventories, net		 85 86 96 82 81 78 68 66 62
Prepaid Expenses		 20 19 21 14 14 17 15 15 19
Plant, Property, & Equipment, net		 51 52 51 46 45 44 44 45 45
Total Noncurrent Assets		 608 602 596 440 436 432 423 417 412
Goodwill		 333 333 333 205 205 205 205 205 205
Intangible Assets		 221 215 210 188 183 178 168 163 158
Other Noncurrent Operating Assets		 53 50 51 45 46 47 49 48 47
Other Noncurrent Nonoperating Assets		 1.88 2.74 1.72 1.94 1.81 1.85 1.75 1.59 1.43
Total Liabilities & Shareholders' Equity		 1,013 997 991 793 771 751 734 704 693
Total Liabilities		 462 423 414 494 520 466 455 438 430
Total Current Liabilities		 391 347 193 383 385 373 157 143 147
Short-Term Debt		 184 168 3.71 182 186 149 4.05 4.05 4.05
Accounts Payable		 67 43 55 44 43 27 26 24 22
Accrued Expenses		 58 60 65 56 53 59 61 51 49
Other Current Liabilities		 8.17 8.16 8.01 100 102 137 66 64 72
Other Current Nonoperating Liabilities		 12 1.32 1.26 0.55 0.64 0.01 0.00 0.05 0.00
Total Noncurrent Liabilities		 71 76 221 260 257 263 492 495 494
Long-Term Debt		 0.00 0.00 158 0.00 0.00 0.00 217 211 211
Noncurrent Deferred Revenue		 23 24 22 2.50 2.52 1.87 1.87 1.84 1.62
Noncurrent Deferred & Payable Income Tax Liabilities		 11 11 8.23 6.11 5.90 5.76 4.29 4.03 5.23
Other Noncurrent Operating Liabilities		 36 41 33 251 248 255 269 278 276
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 437 407 406 150 129 115 86 66 52
Total Preferred & Common Equity		 437 407 406 150 129 115 86 66 52
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 437 407 406 150 129 115 86 66 52
Common Stock		 643 644 644 592 619 572 550 544 534
Retained Earnings		 236 205 204 0.00 -49 -15 -23 -36 -40
Treasury Stock		 -442 -442 -442 -442 -442 -442 -442 -442 -442

Annual Metrics And Ratios for Comtech Telecommunications

This table displays calculated financial ratios and metrics derived from Comtech Telecommunications' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 7/31/2015 7/31/2016 7/31/2017 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025
DEI Shares Outstanding		 16,119,453.00 16,171,079.00 23,570,116.00 23,641,984.00 24,137,882.00 24,731,940.00 26,068,995.00 26,527,044.00 27,884,090.00 - 29,395,263.00
DEI Adjusted Shares Outstanding		 16,119,453.00 16,171,079.00 23,570,116.00 23,641,984.00 24,137,882.00 24,731,940.00 26,068,995.00 26,527,044.00 27,884,090.00 - 29,395,263.00
DEI Earnings Per Adjusted Shares Outstanding		 1.44 -0.48 0.67 1.26 1.04 0.28 -2.82 -1.63 -1.22 - -6.95
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -11.48% 33.75% 33.91% 3.67% 17.74% -8.20% -5.68% -16.41% 13.11% -1.74% -7.56%
EBITDA Growth		 -19.19% -49.95% 224.74% -5.51% 1.00% -33.64% -176.72% 102.56% 2,039.85% -287.90% -40.77%
EBIT Growth		 -22.37% -101.69% 6,530.90% -5.31% 17.95% -62.86% -543.63% 52.99% 50.42% -380.27% -32.06%
NOPAT Growth		 -18.75% -101.73% 5,806.32% 84.29% -15.41% -68.10% -517.85% 50.58% 56.57% -444.95% -74.11%
Net Income Growth		 -7.58% -133.29% 304.54% 88.09% -15.88% -71.97% -1,146.72% 55.02% 18.62% -271.71% -55.33%
EPS Growth		 3.65% -132.39% 245.65% 85.07% -16.94% -72.82% -1,121.43% 43.01% 25.77% -288.43% -47.87%
Operating Cash Flow Growth		 -37.19% -30.61% 343.89% -24.77% 35.13% -22.44% -177.02% 104.91% -321.98% -1,129.30% 84.78%
Free Cash Flow Firm Growth		 -54.97% -2,806.98% 113.73% -19.93% -74.66% 34.17% -544.38% 50.59% 31.45% 155.17% 5,690.19%
Invested Capital Growth		 3.26% 161.37% -5.03% -0.46% 3.87% -0.61% 3.17% 1.52% 1.90% -9.89% -56.42%
Revenue Q/Q Growth		 -3.73% 22.29% -0.83% 3.57% 1.35% -4.15% -0.66% -3.73% 4.13% -4.02% 0.84%
EBITDA Q/Q Growth		 -8.14% 38.75% 8.99% 2.22% -8.28% -13.81% 13.44% -91.16% 15.88% -183.94% 67.63%
EBIT Q/Q Growth		 -10.47% -1,745.71% 24.57% 3.60% -11.96% -32.50% 8.69% -53.48% 13.41% -1,103.22% 51.70%
NOPAT Q/Q Growth		 -10.19% -1,745.71% 14.27% -0.87% -1.47% -34.77% 9.12% -53.38% 17.93% -3,047.97% 37.47%
Net Income Q/Q Growth		 -9.76% -55.85% 41.12% 0.49% -5.02% -41.64% 7.82% -61.07% 5.71% -684.81% 38.86%
EPS Q/Q Growth		 -7.19% -48.39% 21.82% 0.00% -4.63% -44.00% 9.21% -55.24% 4.72% -233.33% 30.64%
Operating Cash Flow Q/Q Growth		 -30.99% -42.72% 43.22% -6.10% -7.53% -0.81% 5.11% -91.80% 32.84% -10.64% 71.64%
Free Cash Flow Firm Q/Q Growth		 -48.43% -3.02% 34.89% -4.34% -38.60% -10.29% -3.31% -136.49% 83.37% 160.13% -18.73%
Invested Capital Q/Q Growth		 -2.85% 0.63% -1.19% -0.93% 0.12% -0.55% 0.51% 21.73% 1.12% -11.85% 18.17%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 45.20% 41.66% 39.64% 39.25% 36.83% 36.78% 36.78% 36.99% 33.54% 29.09% 25.60%
EBITDA Margin		 15.26% 5.71% 13.84% 12.62% 10.82% 7.82% -6.36% 0.19% 3.68% -7.04% -10.72%
Operating Margin		 11.09% -0.14% 6.73% 6.15% 6.16% 2.46% -11.74% -6.94% -2.67% -14.78% -27.85%
EBIT Margin		 11.09% -0.14% 6.73% 6.15% 6.16% 2.49% -11.72% -6.59% -2.89% -14.12% -20.17%
Profit (Net Income) Margin		 7.56% -1.88% 2.88% 5.22% 3.73% 1.14% -12.63% -6.80% -4.89% -18.50% -31.09%
Tax Burden Percent		 68.36% 94.46% 62.11% 120.88% 86.62% 75.40% 98.00% 89.15% 87.20% 99.71% 99.95%
Interest Burden Percent		 99.78% 1,422.22% 68.79% 70.21% 69.88% 60.60% 110.01% 115.70% 194.18% 131.44% 154.22%
Effective Tax Rate		 31.64% 0.00% 37.89% -20.88% 13.38% 24.60% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 9.27% -0.09% 3.54% 6.71% 5.58% 1.75% -7.23% -3.49% -1.49% -8.47% -21.37%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.31% -28.99% -0.56% -2.36% -3.25% -2.23% -26.04% -10.19% -14.55% -39.45% -57.54%
Return on Net Nonoperating Assets (RNNOA)		 -3.45% -1.69% -0.21% -0.67% -0.77% -0.46% -6.77% -2.67% -3.30% -10.82% -31.20%
Return on Equity (ROE)		 5.82% -1.78% 3.33% 6.04% 4.81% 1.29% -14.00% -6.16% -4.79% -19.29% -52.58%
Cash Return on Invested Capital (CROIC)		 6.06% -89.40% 8.70% 7.17% 1.79% 2.36% -10.35% -5.00% -3.37% 1.94% 57.21%
Operating Return on Assets (OROA)		 7.19% -0.08% 4.23% 4.18% 4.78% 1.69% -7.09% -3.26% -1.61% -7.99% -12.19%
Return on Assets (ROA)		 4.91% -1.11% 1.81% 3.55% 2.89% 0.77% -7.64% -3.36% -2.73% -10.48% -18.79%
Return on Common Equity (ROCE)		 5.82% -1.78% 3.33% 6.04% 4.81% 1.29% -14.00% -5.56% -3.86% -13.85% -36.55%
Return on Equity Simple (ROE_SIMPLE)		 5.79% -1.65% 3.30% 5.89% 4.68% 1.28% -14.67% -7.08% 0.00% -32.65% 0.00%
Net Operating Profit after Tax (NOPAT)		 23 -0.40 23 42 36 11 -48 -24 -10 -56 -97
NOPAT Margin		 7.58% -0.10% 4.18% 7.43% 5.34% 1.86% -8.22% -4.86% -1.87% -10.35% -19.49%
Net Nonoperating Expense Percent (NNEP)		 -0.03% 28.91% 4.10% 9.07% 8.83% 3.99% 18.81% 6.70% 13.06% 30.99% 36.17%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -1.70% - -30.57%
Cost of Revenue to Revenue		 54.80% 58.34% 60.36% 60.75% 63.17% 63.22% 63.22% 63.01% 66.46% 70.91% 74.40%
SG&A Expenses to Revenue		 20.40% 23.10% 21.09% 19.97% 19.15% 18.99% 19.22% 23.62% 21.82% 22.80% 28.72%
R&D to Revenue		 11.69% 10.27% 9.86% 9.44% 8.40% 8.46% 8.45% 10.80% 8.84% 4.46% 3.48%
Operating Expenses to Revenue		 34.11% 41.80% 32.91% 33.10% 30.67% 34.32% 48.52% 43.93% 36.20% 43.87% 53.44%
Earnings before Interest and Taxes (EBIT)		 34 -0.58 37 35 41 15 -68 -32 -16 -76 -101
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 47 23 76 72 73 48 -37 0.95 20 -38 -54
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.92 0.38 0.79 1.43 1.24 0.69 1.24 0.65 0.65 0.30 0.61
Price to Tangible Book Value (P/TBV)		 1.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.21 0.44 0.69 1.26 0.99 0.62 1.07 0.62 0.52 0.17 0.13
Price to Earnings (P/E)		 15.94 0.00 23.99 24.24 26.45 54.32 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 5.22% 10.78% 3.73% 1.31% 1.46% 2.59% 1.67% 3.50% 3.94% 0.00% 0.00%
Earnings Yield		 6.27% 0.00% 4.17% 4.13% 3.78% 1.84% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.86 0.56 0.84 1.34 1.19 0.74 1.18 0.76 0.78 0.66 0.86
Enterprise Value to Revenue (EV/Rev)		 0.71 0.90 0.97 1.48 1.17 0.78 1.36 1.06 0.98 0.77 0.48
Enterprise Value to EBITDA (EV/EBITDA)		 4.68 15.84 7.00 11.75 10.76 10.01 0.00 545.98 26.72 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 6.44 0.00 14.40 24.12 18.92 31.44 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 9.43 0.00 23.19 19.95 21.82 42.21 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.11 24.66 7.97 16.81 11.50 9.15 0.00 258.64 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.41 0.00 9.43 18.67 68.14 31.34 0.00 0.00 0.00 32.39 0.91
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.55 0.41 0.33 0.31 0.27 0.40 0.23 0.30 0.36 2.05
Long-Term Debt to Equity		 0.00 0.52 0.37 0.29 0.31 0.27 0.40 0.23 0.29 0.35 2.01
Financial Leverage		 -0.37 0.06 0.37 0.28 0.24 0.20 0.26 0.26 0.23 0.27 0.54
Leverage Ratio		 1.19 1.60 1.84 1.70 1.67 1.68 1.83 1.83 1.76 1.84 2.80
Compound Leverage Factor		 1.18 22.76 1.27 1.19 1.16 1.02 2.01 2.12 3.41 2.42 4.32
Debt to Total Capital		 0.00% 35.48% 28.97% 24.93% 23.65% 21.39% 28.64% 18.52% 23.00% 26.41% 67.21%
Short-Term Debt to Total Capital		 0.00% 2.01% 2.63% 2.83% 0.11% 0.00% 0.00% 0.00% 0.61% 0.61% 1.27%
Long-Term Debt to Total Capital		 0.00% 33.47% 26.33% 22.10% 23.54% 21.39% 28.64% 18.52% 22.38% 25.80% 65.94%
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% 14.99% 15.70% 27.25% 0.00%
Common Equity to Total Capital		 100.00% 64.52% 71.03% 75.07% 76.35% 78.61% 71.36% 66.49% 61.31% 46.34% 32.79%
Debt to EBITDA		 0.00 11.02 2.57 2.33 2.28 3.10 -5.43 137.42 8.12 -4.59 -4.00
Net Debt to EBITDA		 0.00 8.18 2.02 1.73 1.65 2.11 -4.60 114.53 7.18 -3.74 -3.25
Long-Term Debt to EBITDA		 0.00 10.40 2.34 2.07 2.27 3.10 -5.43 137.42 7.91 -4.48 -3.92
Debt to NOPAT		 0.00 -641.49 8.51 3.96 4.62 13.07 -4.20 -5.50 -16.02 -3.12 -2.20
Net Debt to NOPAT		 0.00 -475.80 6.69 2.93 3.35 8.88 -3.56 -4.59 -14.17 -2.54 -1.79
Long-Term Debt to NOPAT		 0.00 -605.13 7.74 3.51 4.60 13.07 -4.20 -5.50 -15.59 -3.05 -2.16
Altman Z-Score		 5.77 1.42 2.24 2.92 2.88 2.10 1.69 1.33 1.33 0.81 0.48
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.81% 19.37% 28.19% 30.48%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.67 1.65 1.67 1.69 1.93 1.74 1.41 1.36 1.44 1.83 1.71
Quick Ratio		 3.42 1.18 1.16 1.15 1.31 1.09 0.93 0.75 0.86 1.24 1.17
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 15 -412 57 45 11 15 -68 -34 -23 13 261
Operating Cash Flow to CapEx		 646.22% 266.01% 821.07% 582.55% 774.40% 730.30% -253.40% 10.18% -24.21% -416.53% -96.81%
Free Cash Flow to Firm to Interest Expense		 31.80 -54.15 4.90 4.34 0.92 2.55 -10.04 -6.73 -1.55 0.53 4.77
Operating Cash Flow to Interest Expense		 45.36 1.98 5.79 4.82 5.46 8.72 -5.96 0.40 -0.30 -2.27 -0.15
Operating Cash Flow Less CapEx to Interest Expense		 38.34 1.24 5.08 3.99 4.75 7.52 -8.31 -3.50 -1.52 -2.82 -0.31
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.65 0.59 0.63 0.68 0.78 0.68 0.61 0.49 0.56 0.57 0.60
Accounts Receivable Turnover		 4.95 3.73 3.99 4.19 4.59 4.54 4.08 3.45 3.83 3.01 2.93
Inventory Turnover		 2.73 3.59 5.03 5.11 5.66 4.96 4.52 3.47 3.62 3.85 4.59
Fixed Asset Turnover		 18.13 15.21 15.39 18.46 23.57 22.40 18.67 11.35 10.64 10.77 11.01
Accounts Payable Turnover		 9.73 9.75 10.57 9.45 12.43 16.33 12.34 7.59 6.72 7.18 10.86
Days Sales Outstanding (DSO)		 73.73 97.79 91.50 87.13 79.45 80.45 89.39 105.78 95.19 121.16 124.38
Days Inventory Outstanding (DIO)		 133.73 101.55 72.50 71.43 64.47 73.56 80.72 105.23 100.93 94.76 79.59
Days Payable Outstanding (DPO)		 37.51 37.43 34.54 38.61 29.36 22.35 29.59 48.12 54.34 50.82 33.61
Cash Conversion Cycle (CCC)		 169.95 161.92 129.46 119.95 114.57 131.65 140.53 162.89 141.79 165.09 170.36
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 255 667 634 631 655 651 672 682 695 626 277
Invested Capital Turnover		 1.22 0.89 0.85 0.90 1.04 0.94 0.88 0.72 0.80 0.82 1.10
Increase / (Decrease) in Invested Capital		 8.06 412 -34 -2.92 24 -3.97 21 10 13 -69 -358
Enterprise Value (EV)		 220 372 534 846 783 483 793 516 541 414 238
Market Capitalization		 371 180 380 722 662 381 623 303 283 92 64
Book Value per Share		 $24.90 $29.09 $20.37 $21.39 $22.17 $22.21 $19.21 $17.59 $15.72 $10.75 $3.55
Tangible Book Value per Share		 $15.14 ($6.30) ($3.07) ($1.09) ($1.55) ($1.59) ($4.44) ($4.84) ($4.85) ($6.06) ($9.30)
Total Capital		 401 729 676 674 701 699 702 702 715 661 318
Total Debt		 0.00 259 196 168 166 150 201 130 164 175 214
Total Long-Term Debt		 0.00 244 178 149 165 150 201 130 160 170 210
Net Debt		 -151 192 154 124 120 102 170 108 145 142 174
Capital Expenditures (CapEx)		 3.36 5.67 8.15 8.64 8.79 7.23 16 20 18 13 8.57
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 85 67 73 90 90 70 53 48 79 125 76
Debt-free Net Working Capital (DFNWC)		 236 134 115 134 136 117 84 70 98 157 116
Net Working Capital (NWC)		 236 119 97 114 135 117 84 70 94 153 112
Net Nonoperating Expense (NNE)		 0.05 7.33 7.18 13 11 4.42 26 9.43 17 44 58
Net Nonoperating Obligations (NNO)		 -146 197 154 125 120 102 171 110 144 140 172
Total Depreciation and Amortization (D&A)		 13 24 39 37 31 33 31 33 36 38 47
Debt-free, Cash-free Net Working Capital to Revenue		 27.81% 16.39% 13.23% 15.78% 13.42% 11.27% 9.12% 9.92% 14.35% 23.06% 15.21%
Debt-free Net Working Capital to Revenue		 76.94% 32.64% 20.83% 23.40% 20.20% 19.03% 14.43% 14.37% 17.80% 29.06% 23.22%
Net Working Capital to Revenue		 76.94% 29.07% 17.59% 20.06% 20.09% 19.03% 14.43% 14.37% 17.00% 28.31% 22.41%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.43 ($0.46) $0.68 $1.25 $1.04 $0.28 ($2.86) ($1.63) ($1.21) ($4.70) ($6.95)
Adjusted Weighted Average Basic Shares Outstanding		 16.20M 16.97M 23.43M 23.83M 24.12M 24.80M 25.69M 26.51M 28.00M 28.80M 29.41M
Adjusted Diluted Earnings per Share		 $1.42 ($0.46) $0.67 $1.24 $1.03 $0.28 ($2.86) ($1.63) ($1.21) ($4.70) ($6.95)
Adjusted Weighted Average Diluted Shares Outstanding		 16.42M 16.97M 23.49M 24.04M 24.30M 24.90M 25.69M 26.51M 28.00M 28.80M 29.41M
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		 16.14M 23.51M 23.59M 23.85M 24.27M 24.99M 26.34M 27.68M 28.13M 28.87M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 23 14 16 25 38 27 22 -24 -10 -11 -42
Normalized NOPAT Margin		 7.58% 3.53% 2.82% 4.30% 5.68% 4.39% 3.85% -4.86% -1.87% -1.99% -8.34%
Pre Tax Income Margin		 11.07% -1.99% 4.63% 4.32% 4.30% 1.51% -12.89% -7.62% -5.61% -18.56% -31.11%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 71.14 -0.08 3.20 3.36 3.32 2.54 -9.99 -6.37 -1.06 -3.18 -1.84
NOPAT to Interest Expense		 48.63 -0.05 1.99 4.06 2.88 1.89 -7.01 -4.70 -0.69 -2.33 -1.78
EBIT Less CapEx to Interest Expense		 64.12 -0.82 2.50 2.53 2.61 1.34 -12.34 -10.27 -2.29 -3.73 -2.00
NOPAT Less CapEx to Interest Expense		 41.62 -0.80 1.29 3.23 2.17 0.70 -9.36 -8.60 -1.91 -2.88 -1.94
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 83.57% -250.79% 119.24% 32.04% 39.09% 142.74% -14.06% -33.43% -32.20% -0.27% -0.10%
Augmented Payout Ratio		 105.03% -256.94% 123.19% 32.04% 39.68% 142.74% -14.06% -45.55% -32.57% -4.56% -0.24%

Quarterly Metrics And Ratios for Comtech Telecommunications

This table displays calculated financial ratios and metrics derived from Comtech Telecommunications' official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
DEI Shares Outstanding		 28,127,498.00 28,478,950.00 28,473,822.00 - - - 29,346,599.00 29,395,263.00 29,395,263.00 29,629,375.00 29,679,464.00
DEI Adjusted Shares Outstanding		 28,127,498.00 28,478,950.00 28,473,822.00 - - - 29,346,599.00 29,395,263.00 29,395,263.00 29,629,375.00 29,679,464.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.12 -1.07 -0.04 - - - -0.49 -0.39 -0.67 -0.68 -0.48
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.84% 0.37% -6.04% -15.20% -23.77% -5.70% -1.01% 3.31% -4.12% -15.65% -16.39%
EBITDA Growth		 1,385.10% 47.51% 291.29% -818.64% -1,203.11% -358.69% 389.57% 152.86% 108.62% 142.87% -59.82%
EBIT Growth		 122.72% 267.56% 142.64% -10,194.41% -6,391.45% -1,968.61% 1,795.27% 129.80% 97.13% 93.81% -80.73%
NOPAT Growth		 121.45% 480.67% 34.23% -7,368.42% -6,292.23% -445.01% 33.39% 103.05% 97.87% 87.95% -35.08%
Net Income Growth		 87.05% -119.73% 137.48% -2,464.55% -10,227.56% -361.63% 1,114.10% 108.71% 89.30% 72.02% -110.18%
EPS Growth		 76.09% -365.22% 87.88% -1,731.58% -4,709.09% 28.97% -1,125.00% 88.22% 87.33% 10.53% 4.08%
Operating Cash Flow Growth		 -134.71% -151.77% -122.84% -123.14% -49.92% 99.12% 160.66% 220.53% 137.04% 2,181.20% 165.45%
Free Cash Flow Firm Growth		 132.16% 102.22% 80.41% 196.18% 2,608.02% 12,174.09% 1,954.26% 10,515.40% -86.61% -90.13% -101.23%
Invested Capital Growth		 -1.34% -0.17% 3.37% -9.89% -55.72% -58.97% -67.06% -56.42% -13.48% -14.23% 1.56%
Revenue Q/Q Growth		 2.08% -11.64% -4.58% -1.47% -8.23% 9.30% 0.17% 2.82% -14.83% -3.85% -0.71%
EBITDA Q/Q Growth		 10.94% 1.61% 7.69% -691.96% -70.29% 76.17% 313.25% -37.70% -72.27% 13.45% 99.89%
EBIT Q/Q Growth		 161.36% -3.72% 23.61% -3,345.20% -62.90% 71.40% 225.38% -48.98% -115.69% 38.36% 490.64%
NOPAT Q/Q Growth		 86.08% 42.52% -216.72% -2,248.10% -58.53% 92.06% 77.47% 207.49% -210.98% 55.17% -152.59%
Net Income Q/Q Growth		 59.41% -634.73% 126.47% -3,348.12% -63.47% 67.16% 169.62% -76.69% -300.75% 14.13% 74.68%
EPS Q/Q Growth		 42.11% -872.73% 96.26% -8,600.00% -52.01% 85.63% 35.53% 16.33% -63.41% -1.49% 30.88%
Operating Cash Flow Q/Q Growth		 -241.75% -83.29% 85.77% -150.38% -129.61% 98.93% 1,083.33% 397.48% -29.45% -39.70% 25.42%
Free Cash Flow Firm Q/Q Growth		 187.94% -69.06% -874.71% 145.63% 2,376.12% 40.22% 17.04% -24.23% -89.23% 3.31% -114.58%
Invested Capital Q/Q Growth		 -1.95% 2.75% 1.47% -11.85% -51.82% -4.77% -18.54% 18.17% -5.61% -5.60% -3.54%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 31.52% 32.18% 30.41% 21.51% 12.54% 26.66% 30.72% 31.20% 33.11% 33.93% 34.02%
EBITDA Margin		 7.44% 8.55% 9.65% -57.99% -107.61% -23.46% 47.73% 29.67% 9.66% 11.39% 22.94%
Operating Margin		 1.37% 2.21% -2.71% -64.57% -111.55% -8.10% -1.21% 1.43% -2.48% -1.16% -2.95%
EBIT Margin		 1.42% 1.54% 2.00% -65.83% -116.86% -30.57% 38.27% 18.99% -3.50% -2.24% 8.82%
Profit (Net Income) Margin		 -0.95% -7.87% 2.18% -71.94% -128.16% -38.51% 26.76% 6.07% -14.30% -12.77% -3.26%
Tax Burden Percent		 51.67% 330.56% -108.08% 98.98% 101.46% 98.05% 105.60% 93.44% 102.86% 100.12% 158.03%
Interest Burden Percent		 -129.29% -154.23% -101.02% 110.40% 108.09% 128.45% 66.23% 34.20% 397.45% 568.84% -23.36%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -5.60% 6.56% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.80% 1.26% -1.53% -36.97% -80.10% -5.71% -1.34% 1.46% -3.06% -1.44% -3.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.43% -7.98% 2.35% -60.71% -121.24% -34.84% 26.84% 5.32% -11.59% -8.97% -4.80%
Return on Net Nonoperating Assets (RNNOA)		 -0.33% -1.93% 0.56% -16.65% -48.75% -14.16% 9.79% 2.88% -16.06% -15.66% -8.69%
Return on Equity (ROE)		 0.47% -0.67% -0.97% -53.62% -128.85% -19.86% 8.45% 4.35% -19.11% -17.11% -12.66%
Cash Return on Invested Capital (CROIC)		 1.05% 0.27% -3.04% 1.94% 47.18% 51.81% 67.91% 57.21% 11.30% 13.86% -3.11%
Operating Return on Assets (OROA)		 0.81% 0.89% 1.14% -37.28% -65.27% -17.18% 21.76% 11.47% -2.27% -1.44% 5.55%
Return on Assets (ROA)		 -0.54% -4.54% 1.24% -40.74% -71.58% -21.64% 15.22% 3.67% -9.27% -8.23% -2.05%
Return on Common Equity (ROCE)		 0.37% -0.51% -0.73% -38.51% -107.90% -15.15% 6.37% 3.02% -19.11% -17.11% -12.66%
Return on Equity Simple (ROE_SIMPLE)		 -3.95% -5.65% -3.13% 0.00% -164.24% -221.54% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 1.46 2.08 -2.43 -57 -90 -7.18 -1.62 1.74 -1.93 -0.87 -2.19
NOPAT Margin		 0.96% 1.55% -1.90% -45.20% -78.08% -5.67% -1.28% 1.33% -1.74% -0.81% -2.06%
Net Nonoperating Expense Percent (NNEP)		 2.23% 9.25% -3.87% 23.74% 41.13% 29.13% -28.17% -3.85% 8.54% 7.52% 0.83%
Return On Investment Capital (ROIC_SIMPLE)		 0.24% 0.36% -0.43% - -27.17% -2.28% -0.61% 0.55% -0.63% -0.31% -0.82%
Cost of Revenue to Revenue		 68.48% 67.82% 69.59% 78.49% 87.46% 73.34% 69.28% 68.80% 66.89% 66.07% 65.98%
SG&A Expenses to Revenue		 21.52% 22.58% 22.41% 24.96% 44.60% 26.73% 23.82% 21.33% 26.96% 25.93% 27.67%
R&D to Revenue		 5.14% 5.10% 4.49% 2.91% 3.21% 3.44% 3.49% 3.77% 3.41% 4.15% 4.92%
Operating Expenses to Revenue		 30.15% 29.97% 33.12% 86.08% 124.08% 34.76% 31.93% 29.77% 35.60% 35.09% 36.97%
Earnings before Interest and Taxes (EBIT)		 2.15 2.07 2.56 -83 -135 -39 49 25 -3.88 -2.39 9.35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 11 11 12 -73 -125 -30 61 39 11 12 24
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.79 0.44 0.13 0.30 0.71 0.45 0.35 0.61 0.98 2.51 1.99
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.60 0.32 0.10 0.17 0.21 0.12 0.08 0.13 0.17 0.35 0.23
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 3.28% 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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.91 0.68 0.50 0.66 0.86 0.76 0.69 0.86 1.00 1.41 1.22
Enterprise Value to Revenue (EV/Rev)		 1.09 0.83 0.64 0.77 0.52 0.44 0.32 0.48 0.53 0.73 0.64
Enterprise Value to EBITDA (EV/EBITDA)		 19.20 13.15 7.90 0.00 0.00 0.00 0.00 0.00 3.20 2.84 3.39
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 47.08 0.00 0.00 0.00 0.00 0.00 8.49 5.18 10.46
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 750.47 188.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12.07 13.00 9.54
Enterprise Value to Free Cash Flow (EV/FCFF)		 86.13 255.76 0.00 32.39 1.12 0.85 0.50 0.91 8.20 9.39 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.33 0.29 0.28 0.36 1.21 1.45 1.29 2.05 2.58 3.28 4.10
Long-Term Debt to Equity		 0.00 0.00 0.27 0.35 0.00 0.00 0.00 2.01 2.53 3.22 4.02
Financial Leverage		 0.23 0.24 0.24 0.27 0.40 0.41 0.36 0.54 1.39 1.75 1.81
Leverage Ratio		 1.79 1.76 1.76 1.84 2.58 2.52 2.52 2.80 6.47 7.59 8.60
Compound Leverage Factor		 -2.31 -2.71 -1.77 2.03 2.78 3.23 1.67 0.96 25.73 43.16 -2.01
Debt to Total Capital		 24.99% 22.67% 21.87% 26.41% 54.81% 59.16% 56.33% 67.21% 72.07% 76.64% 80.38%
Short-Term Debt to Total Capital		 24.99% 22.67% 0.50% 0.61% 54.81% 59.16% 56.33% 1.27% 1.32% 1.44% 1.51%
Long-Term Debt to Total Capital		 0.00% 0.00% 21.37% 25.80% 0.00% 0.00% 0.00% 65.94% 70.74% 75.19% 78.87%
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		 15.53% 22.45% 23.07% 27.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 59.48% 54.88% 55.06% 46.34% 45.19% 40.84% 43.67% 32.79% 27.93% 23.37% 19.62%
Debt to EBITDA		 5.66 4.65 3.56 -4.59 -1.05 -0.87 -0.90 -4.00 2.71 1.76 2.50
Net Debt to EBITDA		 5.10 3.55 2.96 -3.74 -0.88 -0.74 -0.73 -3.25 2.17 1.49 2.17
Long-Term Debt to EBITDA		 0.00 0.00 3.48 -4.48 0.00 0.00 0.00 -3.92 2.66 1.73 2.46
Debt to NOPAT		 -91.98 265.63 85.09 -3.12 -1.23 -1.19 -0.96 -2.20 -24.87 -54.98 -58.49
Net Debt to NOPAT		 -82.90 202.49 70.76 -2.54 -1.03 -1.02 -0.77 -1.79 -19.96 -46.59 -50.74
Long-Term Debt to NOPAT		 0.00 0.00 83.14 -3.05 0.00 0.00 0.00 -2.16 -24.41 -53.95 -57.39
Altman Z-Score		 1.30 1.12 1.13 0.78 0.09 0.31 0.74 1.04 0.90 0.98 0.92
Noncontrolling Interest Sharing Ratio		 19.87% 24.39% 24.88% 28.19% 16.26% 23.71% 24.60% 30.48% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.90 0.99 1.78 1.83 0.80 0.75 0.74 1.71 1.70 1.69 1.61
Quick Ratio		 0.52 0.69 1.17 1.24 0.55 0.50 0.48 1.17 1.17 1.12 1.06
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 11 3.31 -26 12 289 406 475 360 39 40 -5.84
Operating Cash Flow to CapEx		 -452.27% -623.92% -268.06% -227.26% -902.94% -14.16% 93.50% 562.23% 248.03% 109.98% 112.38%
Free Cash Flow to Firm to Interest Expense		 2.17 0.63 -4.98 1.35 26.43 36.85 28.97 22.08 3.35 3.57 -0.51
Operating Cash Flow to Interest Expense		 -2.95 -5.06 -0.74 -1.10 -1.99 -0.02 0.14 0.70 0.70 0.43 0.53
Operating Cash Flow Less CapEx to Interest Expense		 -3.60 -5.88 -1.01 -1.58 -2.21 -0.17 -0.01 0.58 0.42 0.04 0.06
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.57 0.58 0.57 0.57 0.56 0.56 0.57 0.60 0.65 0.64 0.63
Accounts Receivable Turnover		 3.64 3.43 3.27 3.01 2.76 2.72 2.82 2.93 3.08 3.22 3.25
Inventory Turnover		 4.16 4.18 3.78 3.85 4.55 4.57 4.38 4.59 4.61 4.37 4.36
Fixed Asset Turnover		 11.05 10.76 10.78 10.77 10.39 10.22 10.42 11.01 10.90 10.54 10.15
Accounts Payable Turnover		 7.08 9.59 6.55 7.18 6.92 8.93 9.33 10.86 9.92 9.61 12.32
Days Sales Outstanding (DSO)		 100.35 106.53 111.45 121.16 132.43 134.40 129.36 124.38 118.46 113.38 112.22
Days Inventory Outstanding (DIO)		 87.73 87.35 96.58 94.76 80.22 79.81 83.25 79.59 79.25 83.46 83.64
Days Payable Outstanding (DPO)		 51.55 38.06 55.69 50.82 52.77 40.86 39.14 33.61 36.79 38.00 29.63
Cash Conversion Cycle (CCC)		 136.53 155.82 152.35 165.09 159.88 173.36 173.48 170.36 160.92 158.84 166.23
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 681 700 710 626 302 287 234 277 261 246 238
Invested Capital Turnover		 0.83 0.82 0.81 0.82 1.03 1.01 1.05 1.10 1.76 1.78 1.93
Increase / (Decrease) in Invested Capital		 -9.22 -1.22 23 -69 -380 -413 -476 -358 -41 -41 3.65
Enterprise Value (EV)		 623 475 358 414 260 218 161 238 261 347 291
Market Capitalization		 343 180 54 92 107 58 40 64 83 165 104
Book Value per Share		 $15.53 $14.29 $14.27 $10.75 $5.21 $4.41 $3.93 $3.55 $2.91 $2.21 $1.77
Tangible Book Value per Share		 ($4.16) ($4.97) ($4.80) ($6.06) ($8.40) ($8.88) ($9.11) ($9.30) ($9.77) ($10.19) ($10.46)
Total Capital		 734 742 738 661 333 315 264 318 306 281 268
Total Debt		 184 168 161 175 182 186 149 214 221 215 215
Total Long-Term Debt		 0.00 0.00 158 170 0.00 0.00 0.00 210 217 211 211
Net Debt		 165 128 134 142 153 160 120 174 177 182 187
Capital Expenditures (CapEx)		 3.22 4.27 1.42 4.18 2.42 1.65 2.46 2.04 3.26 4.43 5.44
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 128 124 128 125 76 64 22 76 70 70 65
Debt-free Net Working Capital (DFNWC)		 146 164 155 157 106 91 51 116 114 102 94
Net Working Capital (NWC)		 -37 -4.01 151 153 -77 -96 -98 112 110 98 90
Net Nonoperating Expense (NNE)		 2.90 13 -5.22 34 58 42 -36 -6.17 14 13 1.27
Net Nonoperating Obligations (NNO)		 131 127 134 140 151 159 119 172 175 181 185
Total Depreciation and Amortization (D&A)		 9.15 9.41 9.80 9.91 11 9.01 12 14 15 15 15
Debt-free, Cash-free Net Working Capital to Revenue		 22.46% 21.73% 22.65% 23.06% 15.07% 12.89% 4.53% 15.21% 14.16% 14.65% 14.32%
Debt-free Net Working Capital to Revenue		 25.63% 28.72% 27.48% 29.06% 20.94% 18.26% 10.27% 23.22% 22.98% 21.56% 20.60%
Net Working Capital to Revenue		 -6.52% -0.70% 26.82% 28.31% -15.22% -19.28% -19.79% 22.41% 22.16% 20.71% 19.71%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.11) ($1.07) ($0.04) ($3.48) ($5.29) ($0.76) ($0.49) ($0.41) ($0.67) ($0.68) ($0.47)
Adjusted Weighted Average Basic Shares Outstanding		 28.75M 28.66M 28.85M 28.80M 29.45M 29.34M 29.40M 29.41M 29.62M 29.82M 30.03M
Adjusted Diluted Earnings per Share		 ($0.11) ($1.07) ($0.04) ($3.48) ($5.29) ($0.76) ($0.49) ($0.41) ($0.67) ($0.68) ($0.47)
Adjusted Weighted Average Diluted Shares Outstanding		 28.75M 28.66M 28.85M 28.80M 29.45M 29.34M 29.40M 29.41M 29.62M 29.82M 30.03M
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		 28.48M 28.47M 28.49M 28.87M 29.17M 29.35M 29.40M 0.00 29.63M 29.68M 29.96M
Normalized Net Operating Profit after Tax (NOPAT)		 1.46 2.08 -2.43 -57 -35 -7.18 -1.07 1.74 -1.93 -0.87 -2.19
Normalized NOPAT Margin		 0.96% 1.55% -1.90% -45.20% -29.99% -5.67% -0.85% 1.33% -1.74% -0.81% -2.06%
Pre Tax Income Margin		 -1.83% -2.38% -2.02% -72.68% -126.32% -39.27% 25.34% 6.49% -13.90% -12.76% -2.06%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.44 0.39 0.50 -9.61 -12.37 -3.52 2.96 1.52 -0.34 -0.21 0.81
NOPAT to Interest Expense		 0.30 0.40 -0.47 -6.60 -8.26 -0.65 -0.10 0.11 -0.17 -0.08 -0.19
EBIT Less CapEx to Interest Expense		 -0.22 -0.42 0.22 -10.10 -12.59 -3.67 2.81 1.39 -0.62 -0.61 0.34
NOPAT Less CapEx to Interest Expense		 -0.36 -0.42 -0.75 -7.08 -8.48 -0.80 -0.25 -0.02 -0.45 -0.47 -0.66
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -32.95% -13.29% -2.12% -0.27% -0.08% -0.06% -0.32% -0.10% -0.63% 0.24% 2.46%
Augmented Payout Ratio		 -32.95% -29.96% -35.05% -4.56% -1.84% -0.24% 1.30% -0.24% -1.32% 1.30% 1.94%

Financials Breakdown Chart

Key Financial Trends

Comtech Telecommunications (NASDAQ: CMTL) shows a mixed but still financially stressed picture heading into Q3 2026. Revenue was relatively stable year over year, but profitability remained weak, operating losses persisted, and the balance sheet still carries a heavy debt load. The most encouraging signs are that operating cash flow turned positive in the latest quarter and cash on hand held up reasonably well, but the company is still not generating consistent earnings.

What stood out over the last several quarters:

  • Q3 2026 operating cash flow was positive at $6.1 million, an improvement from $4.9 million in Q2 2026 and a sharp rebound from the negative cash flow seen in some prior periods.
  • Cash and equivalents rose to $28.5 million in Q3 2026 from $32.8 million in Q2 2026, which is down sequentially but still far better than the company’s low-cash periods in earlier years.
  • Total current assets of $236.7 million still exceed total current liabilities of $147.2 million in Q3 2026, suggesting near-term liquidity is manageable.
  • Revenue in Q3 2026 was $106.0 million, roughly in line with Q2 2026 revenue of $106.8 million, indicating some recent top-line stability.
  • The company reduced debt a bit in the latest quarter, with long-term debt at $211.1 million in Q3 2026 versus $216.8 million in Q1 2026.
  • Gross profit remained fairly steady in the latest periods, with Q3 2026 gross profit of $36.1 million versus $36.2 million in Q2 2026.
  • Share count has been relatively stable around 29-30 million diluted shares in recent quarters.
  • Comtech reported an operating loss of $3.1 million in Q3 2026, following a $1.2 million operating loss in Q2 2026.
  • Net income attributable to common shareholders was a loss of $14.3 million in Q3 2026, reflecting continued earnings pressure after a $20.2 million loss in Q2 2026.
  • Interest expense remains a major burden, at $11.5 million in Q3 2026, which continues to weigh heavily on pretax results.

Longer-term trend: the company’s financial profile has improved from the severe weakness seen in early 2025, when Q1 2025 revenue fell sharply and losses widened dramatically. However, that recovery has been uneven. In 2025, Comtech briefly showed stronger quarters, but the latest 2026 results suggest the business is still struggling to sustain profitability.

Balance sheet quality is a concern. Even after some debt reduction, Comtech still carries more than $211 million of long-term debt and roughly $430 million of total liabilities. Equity is only about $52.5 million in Q3 2026, which leaves little margin for error. The company also has a large amount of goodwill and intangible assets, so a meaningful portion of assets is not highly liquid.

Bottom line: Comtech is showing signs of operational stabilization, especially in cash generation, but it is not yet a clean turnaround story. Investors should watch whether revenue can start growing again, whether operating losses narrow, and whether management can keep reducing debt without draining liquidity.

07/24/26 03:42 PM ETAI Generated. May Contain Errors.

Comtech Telecommunications Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Comtech Telecommunications' fiscal year ends in July. Their fiscal year 2025 ended on July 31, 2025.

Comtech Telecommunications' net income appears to be on an upward trend, with a most recent value of -$155.30 million in 2025, falling from $23.25 million in 2015. The previous period was -$99.99 million in 2024. See where experts think Comtech Telecommunications is headed by visiting Comtech Telecommunications' forecast page.

Comtech Telecommunications' total operating income in 2025 was -$139.10 million, based on the following breakdown:
  • Total Gross Profit: $127.87 million
  • Total Operating Expenses: $266.97 million

Over the last 10 years, Comtech Telecommunications' total revenue changed from $307.29 million in 2015 to $499.53 million in 2025, a change of 62.6%.

Comtech Telecommunications' total liabilities were at $446.87 million at the end of 2025, a 4.9% increase from 2024, and a 516.6% increase since 2015.

In the past 10 years, Comtech Telecommunications' cash and equivalents has ranged from $18.96 million in 2023 to $150.95 million in 2015, and is currently $40.02 million as of their latest financial filing in 2025.

Over the last 10 years, Comtech Telecommunications' book value per share changed from 24.90 in 2015 to 3.55 in 2025, a change of -85.7%.


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Financial statements for NASDAQ:CMTL last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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