Viavi Solutions (VIAV) Financials

$9.09 0.00 (0.00%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$9.10 +0.01 (+0.06%)

As of 05/23/2025 04:08 PM Eastern

Annual Income Statements for Viavi Solutions

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Net Income / (Loss) Attributable to Common Shareholders	-26	26	16	68	49	5.40	-49	160	-99	-88
Consolidated Net Income / (Loss)	-26	26	16	68	49	5.40	-49	160	-99	-88
Net Income / (Loss) Continuing Operations	-26	26	16	68	49	7.80	-49	159	-50	-131
Total Pre-Tax Income	12	61	65	131	114	39	-36	180	-46	-105
Total Operating Income	21	82	185	142	118	67	1.90	7.00	-84	-76
Total Gross Profit	576	639	774	714	665	651	488	479	550	520
Total Revenue	1,000	1,106	1,292	1,199	1,136	1,130	876	805	906	874
Operating Revenue	1,000	1,106	1,292	1,199	1,136	1,130	876	805	906	874
Total Cost of Revenue	425	467	519	485	471	479	387	326	357	354
Operating Cost of Revenue	425	467	519	485	471	479	387	326	357	354
Total Operating Expenses	555	556	589	572	547	584	487	472	634	596
Selling, General & Admin Expense	333	329	366	338	315	344	324	300	351	376
Research & Development Expense	202	207	213	203	194	187	133	136	166	173
Amortization Expense	6.30	8.70	9.70	33	35	38	21	14	15	20
Restructuring Charge	14	12	-0.10	-1.60	3.50	15	8.30	22	11	27
Total Other Income / (Expense), net	-9.20	-22	-120	-11	-3.80	-28	-38	173	38	-30
Interest Expense	31	27	23	15	13	34	47	43	36	33
Other Income / (Expense), net	22	5.40	-97	3.30	9.60	6.20	9.70	13	2.50	3.70
Income Tax Expense	37	35	50	63	65	32	13	21	4.50	26
Basic Earnings per Share	($0.12)	$0.11	$0.07	$0.30	$0.21	$0.02	($0.21)	$0.70	($0.42)	($0.38)
Weighted Average Basic Shares Outstanding	222.60M	224.60M	230.90M	228.70M	229.40M	228.10M	227.10M	229.90M	234M	232.70M
Diluted Earnings per Share	($0.12)	$0.11	$0.07	$0.29	$0.21	$0.02	($0.21)	$0.68	($0.42)	($0.38)
Weighted Average Diluted Shares Outstanding	222.60M	226.60M	238.20M	236.30M	234.80M	231.20M	227.10M	234.50M	234M	232.70M
Weighted Average Basic & Diluted Shares Outstanding	221.91M	221.50M	226.26M	228.47M	228.32M	228.85M	230M	228.60M	236.20M	232.70M

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	20	9.10	-1.80	-22	-25	11	9.80	-0.10	-15	8.40	33
Consolidated Net Income / (Loss)	20	9.10	-1.80	-22	-25	11	9.80	-0.10	-15	8.40	33
Net Income / (Loss) Continuing Operations	20	9.10	-1.80	-22	-25	11	9.80	-0.10	-15	8.40	33
Total Pre-Tax Income	3.20	19	7.20	-9.50	-16	18	18	6.40	-9.40	19	45
Total Operating Income	8.50	22	12	-5.70	-12	22	16	12	-2.10	23	50
Total Gross Profit	161	161	136	146	138	148	144	146	141	167	185
Total Revenue	285	271	238	252	246	255	248	264	248	285	310
Operating Revenue	285	271	238	252	246	255	248	264	248	285	310
Total Cost of Revenue	124	110	102	106	108	107	104	118	107	118	125
Operating Cost of Revenue	124	110	102	106	108	107	104	118	107	118	125
Total Operating Expenses	152	139	125	151	150	126	128	134	143	144	135
Selling, General & Admin Expense	101	84	74	83	98	75	77	79	80	90	80
Research & Development Expense	50	52	49	53	50	50	50	52	51	52	53
Amortization Expense	1.20	1.00	1.10	1.30	1.50	1.40	2.10	2.20	2.10	2.20	2.20
Restructuring Charge	-0.30	1.20	0.00	14	0.10	-0.10	-0.80	1.90	10	0.00	0.00
Total Other Income / (Expense), net	-5.30	-3.60	-4.30	-3.80	-3.70	-4.10	2.40	-5.40	-7.30	-4.00	-5.00
Interest Expense	7.50	7.50	7.50	7.50	7.70	7.90	7.80	8.10	6.70	6.20	6.10
Other Income / (Expense), net	2.20	3.90	3.20	3.70	4.00	3.80	10	2.70	-0.60	2.20	1.10
Income Tax Expense	-16	9.50	9.00	12	9.00	7.60	8.60	6.50	6.00	11	12
Basic Earnings per Share	$0.09	$0.04	($0.01)	($0.10)	($0.11)	$0.05	$0.04	-	($0.07)	$0.04	$0.14
Weighted Average Basic Shares Outstanding	222.60M	222M	222M	222.60M	223M	222.50M	222M	224.60M	224.10M	225.90M	226.30M
Diluted Earnings per Share	$0.09	$0.04	($0.01)	($0.10)	($0.11)	$0.05	$0.04	-	($0.07)	$0.04	$0.14
Weighted Average Diluted Shares Outstanding	226.90M	224.80M	222M	222.60M	223M	223.50M	224.20M	226.60M	224.10M	227.10M	230.40M
Weighted Average Basic & Diluted Shares Outstanding	223.24M	222.14M	221.81M	221.91M	223.24M	222.57M	222.39M	221.50M	222.45M	224.78M	226.36M

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Net Change in Cash & Equivalents	-34	-57	-136	161	17	-94	-398	521	135	51
Net Cash From Operating Activities	116	114	178	243	136	139	66	94	64	82
Net Cash From Continuing Operating Activities	116	114	178	243	136	139	66	94	64	82
Net Income / (Loss) Continuing Operations	-26	26	16	68	49	5.40	-49	160	-99	-88
Consolidated Net Income / (Loss)	-26	26	16	68	49	5.40	-49	160	-99	-88
Depreciation Expense	39	36	36	36	40	40	36	29	38	81
Amortization Expense	7.50	4.20	2.80	69	1.90	23	84	64	62	90
Non-Cash Adjustments To Reconcile Net Income	89	98	198	51	118	118	40	-158	67	75
Changes in Operating Assets and Liabilities, net	7.50	-50	-74	20	-74	-47	-45	-0.70	-4.10	-75
Net Cash From Investing Activities	-22	-127	-71	-49	-30	81	-287	114	244	-5.80
Net Cash From Continuing Investing Activities	-22	-127	-71	-49	-30	81	-287	114	244	-5.80
Purchase of Property, Plant & Equipment	-20	-51	-73	-52	-32	-45	-43	-39	-36	-102
Acquisitions	0.00	-68	-8.30	-0.70	-2.50	-47	-510	0.00	-0.90	0.00
Purchase of Investments	-225	-13	0.00	0.00	-	-	-383	-679	-422	-563
Sale of Property, Plant & Equipment	3.40	5.10	9.80	4.10	4.60	5.40	5.80	5.90	6.00	6.20
Sale and/or Maturity of Investments	220	0.00	0.00	-	-	167	643	826	683	646
Net Cash From Financing Activities	-126	-50	-210	-59	-72	-300	-181	311	-159	-7.30
Net Cash From Continuing Financing Activities	-126	-50	-210	-59	-72	-300	-181	311	-159	-7.30
Repayment of Debt	-96	-72	-161	-0.10	-1.60	-277	-355	-55	-5.90	-23
Repurchase of Common Equity	-20	-84	-236	-42	-44	-11	-41	-92	-45	-4.80
Issuance of Debt	0.00	118	550	0.00	0.00	-	225	460	0.00	0.00
Issuance of Common Equity	6.30	7.90	7.80	6.60	5.50	5.40	4.90	12	4.50	21
Other Financing Activities, net	-16	-20	-372	-23	-31	-17	-15	-14	-113	0.00
Other Net Changes in Cash	-2.90	5.80	-32	-	-17	-13	-	-	-	-
Cash Interest Paid	24	22	18	12	11	12	11	6.70	6.60	6.50
Cash Income Taxes Paid	31	48	77	37	51	30	24	23	32	24

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	-114	18	-3.70	19	-90	25	12	-78	96	-28	-48
Net Cash From Operating Activities	7.80	45	14	26	20	20	50	24	18	46	27
Net Cash From Continuing Operating Activities	7.80	45	14	26	20	20	50	24	18	46	27
Net Income / (Loss) Continuing Operations	20	9.10	-1.80	-22	-25	11	9.80	-0.10	-15	8.40	33
Consolidated Net Income / (Loss)	20	9.10	-1.80	-22	-25	11	9.80	-0.10	-15	8.40	33
Depreciation Expense	9.30	9.80	9.70	9.50	9.60	9.70	9.80	9.80	9.30	8.60	8.50
Amortization Expense	3.60	-2.60	6.20	1.90	1.80	12	1.90	-23	26	0.60	0.60
Non-Cash Adjustments To Reconcile Net Income	20	21	13	36	17	8.90	16	49	9.40	24	16
Changes in Operating Assets and Liabilities, net	-44	7.80	-13	0.80	15	-21	13	-12	-12	5.10	-31
Net Cash From Investing Activities	-125	-4.30	-12	5.60	-6.90	-7.70	-13	-22	-9.40	-66	-30
Net Cash From Continuing Investing Activities	-125	-4.30	-12	5.60	-6.90	-7.70	-13	-22	-9.40	-66	-30
Purchase of Property, Plant & Equipment	-6.80	-8.20	-7.30	-3.80	-3.20	-5.80	-6.70	-7.40	-11	-18	-15
Purchase of Investments	-62	-42	-43	-37	-73	-63	-52	-13	-	-	0.00
Sale of Property, Plant & Equipment	0.40	0.80	3.50	0.80	0.70	1.30	0.60	1.60	1.10	1.80	0.60
Sale and/or Maturity of Investments	62	45	39	45	69	60	46	-	-	-	0.00
Net Cash From Financing Activities	-1.60	-0.90	-21	-10	-97	-2.20	-16	-79	82	-26	-27
Net Cash From Continuing Financing Activities	-1.60	-0.90	-21	-10	-97	-2.20	-16	-79	82	-26	-27
Issuance of Common Equity	3.30	-	2.70	-	3.30	-	3.00	-	4.20	-	3.70
Other Financing Activities, net	-4.90	-1.10	-7.30	-0.40	-3.90	-2.20	-9.10	-0.90	-6.30	-0.70	-12
Other Net Changes in Cash	5.00	-	-	-2.70	-5.10	-	-9.30	-	-	18	-18

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Total Assets	1,736	1,851	1,828	1,961	1,776	1,815	2,027	2,111	1,678	2,218
Total Current Assets	877	945	1,005	1,112	914	917	1,155	1,667	1,212	1,380
Cash & Equivalents	471	507	560	698	539	522	611	1,004	483	335
Restricted Cash	5.00	4.50	3.60	4.30	3.50	3.50	7.30	11	12	26
Short-Term Investments	20	15	1.40	1.60	1.50	1.50	169	432	485	465
Accounts Receivable	213	231	261	257	236	238	219	120	148	152
Inventories, net	97	116	110	95	83	103	92	48	51	54
Prepaid Expenses	71	72	69	57	51	50	56	51	32	38
Plant, Property, & Equipment, net	228	243	229	196	173	180	171	137	133	149
Total Noncurrent Assets	632	663	594	653	690	718	701	307	333	689
Goodwill	453	455	388	397	381	381	336	152	152	256
Intangible Assets	38	59	54	88	148	212	235	31	60	91
Noncurrent Deferred & Refundable Income Taxes	83	87	86	109	105	108	114	110	109	117
Other Noncurrent Operating Assets	58	62	66	60	55	17	15	14	13	21
Total Liabilities & Shareholders' Equity	1,736	1,851	1,828	1,961	1,776	1,815	2,027	2,111	1,678	2,218
Total Liabilities	1,055	1,160	1,156	1,198	1,065	1,089	1,292	1,324	989	1,116
Total Current Liabilities	247	344	369	747	233	284	553	229	226	376
Accounts Payable	50	47	58	63	53	63	56	33	47	42
Accrued Expenses	25	21	29	25	23	34	30	31	25	24
Current Deferred Revenue	66	79	81	70	55	55	61	60	79	81
Current Employee Benefit Liabilities	48	51	76	76	51	59	53	44	45	53
Other Current Liabilities	58	50	56	57	48	72	79	61	31	47
Total Noncurrent Liabilities	808	816	787	450	832	805	739	1,095	762	741
Long-Term Debt	636	630	617	224	601	579	558	931	583	562
Other Noncurrent Operating Liabilities	172	187	170	226	231	227	181	164	179	168
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	682	691	672	764	711	726	735	786	689	1,101
Total Preferred & Common Equity	682	691	672	764	711	726	735	786	689	1,101
Preferred Stock	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Total Common Equity	682	691	672	764	711	726	735	786	689	1,101
Common Stock	70,472	70,428	70,370	70,183	70,275	70,245	70,216	70,185	70,060	70,023
Retained Earnings	-69,647	-69,601	-69,542	-69,322	-69,397	-69,385	-69,379	-69,306	-69,381	-68,874
Accumulated Other Comprehensive Income / (Loss)	-144	-136	-156	-97	-166	-135	-103	-92	10	-48

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	3/30/2024	12/30/2023	9/30/2023	4/1/2023	12/31/2022	10/1/2022	4/2/2022
Total Assets	1,933	1,725	1,738	1,744	1,856	1,802	1,917	1,828	1,765	1,878
Total Current Assets	835	880	864	868	965	916	1,003	912	951	1,044
Cash & Equivalents	374	488	468	454	544	521	581	484	513	590
Restricted Cash	3.40	3.40	4.80	3.50	3.10	3.40	4.50	4.20	3.20	4.60
Short-Term Investments	23	21	25	28	25	21	1.50	1.40	1.30	1.60
Accounts Receivable	253	213	203	212	209	191	220	224	246	269
Inventories, net	116	93	93	103	115	114	126	120	111	114
Prepaid Expenses	66	62	70	66	70	67	70	78	77	65
Plant, Property, & Equipment, net	228	226	231	232	237	239	247	245	232	221
Total Noncurrent Assets	870	619	643	645	654	647	667	671	583	613
Goodwill	585	451	461	453	455	450	452	449	388	389
Intangible Assets	140	29	34	43	48	53	64	72	49	58
Noncurrent Deferred & Refundable Income Taxes	84	81	86	88	90	86	90	88	83	102
Other Noncurrent Operating Assets	61	58	62	60	61	59	62	62	63	64
Total Liabilities & Shareholders' Equity	1,933	1,725	1,738	1,744	1,856	1,802	1,917	1,828	1,765	1,878
Total Liabilities	1,204	1,042	1,036	1,039	1,128	1,127	1,235	1,140	1,117	1,168
Total Current Liabilities	545	248	233	228	312	311	413	329	333	260
Short-Term Debt	245	-	-	0.00	96	96	164	68	68	0.00
Accounts Payable	67	56	47	43	44	40	44	50	62	58
Accrued Expenses	26	27	24	36	22	26	28	29	27	30
Current Deferred Revenue	65	58	64	61	61	67	76	75	71	78
Current Employee Benefit Liabilities	56	58	44	42	47	41	41	54	49	58
Other Current Liabilities	87	49	54	46	43	41	60	52	57	35
Total Noncurrent Liabilities	660	794	803	811	816	816	823	812	784	908
Long-Term Debt	396	639	638	634	633	631	628	617	617	706
Other Noncurrent Operating Liabilities	264	155	165	177	183	185	195	194	167	202
Commitments & Contingencies	0.00	0.00	0.00	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	729	683	702	705	728	675	682	688	648	710
Total Preferred & Common Equity	729	683	702	705	728	675	682	688	648	710
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Common Equity	729	683	702	705	728	675	682	688	648	710
Common Stock	70,506	70,493	70,480	70,459	70,445	70,433	70,416	70,389	70,376	70,361
Retained Earnings	-69,636	-69,656	-69,665	-69,615	-69,590	-69,601	-69,591	-69,545	-69,528	-69,530
Accumulated Other Comprehensive Income / (Loss)	-141	-155	-114	-139	-127	-157	-143	-156	-199	-121

This table displays calculated financial ratios and metrics derived from Viavi Solutions' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.56%	-14.42%	7.80%	5.51%	0.53%	29.07%	8.78%	-11.18%	3.71%	-5.72%
EBITDA Growth	-30.89%	1.02%	-49.26%	47.46%	24.71%	3.27%	16.34%	515.22%	-81.30%	-3.34%
EBIT Growth	-51.59%	-0.68%	-39.24%	13.94%	73.51%	534.48%	-42.29%	124.57%	-13.45%	-26.94%
NOPAT Growth	-233.64%	-21.41%	-39.98%	44.94%	278.48%	905.80%	-78.44%	110.45%	-11.21%	-36.33%
Net Income Growth	-201.18%	64.52%	-77.04%	37.76%	807.41%	111.11%	-130.34%	261.49%	-12.60%	-394.94%
EPS Growth	-209.09%	57.14%	-75.86%	38.10%	950.00%	109.52%	-130.88%	261.90%	-10.53%	-375.00%
Operating Cash Flow Growth	2.02%	-35.93%	-26.80%	79.42%	-2.31%	110.30%	-30.01%	46.66%	-21.87%	-53.40%
Free Cash Flow Firm Growth	135.98%	-856.46%	-106.52%	79.74%	274.77%	103.02%	-1,856.33%	-74.16%	-65.59%	237.90%
Invested Capital Growth	-7.80%	12.53%	6.86%	-3.92%	-0.90%	-0.26%	188.93%	-7.79%	-36.88%	-44.95%
Revenue Q/Q Growth	-1.15%	-6.09%	1.92%	3.84%	-1.99%	2.63%	8.55%	-3.87%	0.48%	205.13%
EBITDA Q/Q Growth	10.47%	-28.94%	-31.48%	40.82%	40.05%	-23.47%	-0.90%	1,641.54%	-84.04%	117.70%
EBIT Q/Q Growth	-27.97%	-27.02%	15.40%	-5.46%	12.02%	112.10%	-60.00%	123.65%	-5,012.50%	43.50%
NOPAT Q/Q Growth	-690.88%	-34.07%	527.46%	-33.14%	174.98%	-30.51%	-90.21%	106.87%	-272.86%	40.41%
Net Income Q/Q Growth	-514.29%	-39.43%	573.91%	-39.30%	237.93%	114.88%	-291.94%	87.81%	-38.94%	-20.03%
EPS Q/Q Growth	-500.00%	-45.00%	0.00%	-38.30%	250.00%	112.50%	-320.00%	88.89%	-40.00%	-18.75%
Operating Cash Flow Q/Q Growth	2.37%	-30.51%	6.58%	17.03%	-0.95%	8.61%	-22.54%	8.52%	-22.34%	-2.83%
Free Cash Flow Firm Q/Q Growth	-18.61%	-330.65%	89.02%	11.54%	20.53%	-75.02%	1.84%	-37.67%	-76.75%	494.65%
Invested Capital Q/Q Growth	-3.75%	0.35%	-3.49%	-1.45%	4.93%	1.81%	-3.29%	-1.71%	-28.74%	-45.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.57%	57.75%	59.85%	59.59%	58.55%	57.63%	55.77%	59.50%	60.65%	59.51%
EBITDA Margin	8.86%	11.59%	9.82%	20.86%	14.93%	12.03%	15.04%	14.06%	2.03%	11.26%
Operating Margin	2.08%	7.45%	14.31%	11.86%	10.39%	5.96%	0.22%	0.87%	-9.30%	-8.67%
EBIT Margin	4.25%	7.94%	6.84%	12.14%	11.24%	6.51%	1.32%	2.50%	-9.03%	-8.25%
Profit (Net Income) Margin	-2.58%	2.31%	1.20%	5.63%	4.31%	0.48%	-5.55%	19.90%	-10.95%	-10.08%
Tax Burden Percent	-222.41%	42.01%	23.81%	51.61%	42.87%	13.74%	136.13%	89.00%	216.12%	83.67%
Interest Burden Percent	27.29%	69.13%	73.64%	89.90%	89.51%	53.40%	-307.76%	895.52%	56.11%	146.05%
Effective Tax Rate	322.41%	57.99%	76.19%	48.39%	57.13%	80.15%	0.00%	11.89%	0.00%	0.00%
Return on Invested Capital (ROIC)	-5.40%	4.11%	5.75%	9.71%	6.54%	1.72%	0.25%	2.19%	-15.60%	-8.12%
ROIC Less NNEP Spread (ROIC-NNEP)	6.64%	-1.58%	-53.11%	-22.35%	3.63%	-14.65%	21.45%	-31.55%	-7.82%	-0.99%
Return on Net Nonoperating Assets (RNNOA)	1.64%	-0.37%	-3.59%	-0.56%	0.28%	-0.98%	-6.64%	19.52%	4.52%	0.42%
Return on Equity (ROE)	-3.76%	3.74%	2.16%	9.15%	6.82%	0.74%	-6.39%	21.71%	-11.08%	-7.70%
Cash Return on Invested Capital (CROIC)	2.71%	-7.68%	-0.88%	13.70%	7.44%	1.97%	-96.90%	10.29%	29.63%	49.86%
Operating Return on Assets (OROA)	2.37%	4.77%	4.67%	7.79%	7.11%	3.83%	0.56%	1.06%	-4.20%	-3.16%
Return on Assets (ROA)	-1.44%	1.39%	0.82%	3.61%	2.73%	0.28%	-2.35%	8.46%	-5.09%	-3.86%
Return on Common Equity (ROCE)	-3.76%	3.74%	2.16%	9.15%	6.82%	0.74%	-6.39%	21.71%	-11.08%	-7.70%
Return on Equity Simple (ROE_SIMPLE)	-3.79%	3.69%	2.31%	8.84%	6.89%	0.74%	-6.61%	20.37%	-14.39%	-8.00%
Net Operating Profit after Tax (NOPAT)	-46	35	44	73	51	13	1.33	6.17	-59	-53
NOPAT Margin	-4.62%	3.13%	3.41%	6.12%	4.46%	1.18%	0.15%	0.77%	-6.51%	-6.07%
Net Nonoperating Expense Percent (NNEP)	-12.04%	5.70%	58.86%	32.06%	2.91%	16.36%	-21.19%	33.75%	-7.77%	-7.13%
Cost of Revenue to Revenue	42.43%	42.25%	40.15%	40.41%	41.45%	42.37%	44.23%	40.50%	39.35%	40.49%
SG&A Expenses to Revenue	33.32%	29.72%	28.30%	28.15%	27.72%	30.39%	36.99%	37.28%	38.74%	43.06%
R&D to Revenue	20.18%	18.71%	16.50%	16.93%	17.04%	16.54%	15.22%	16.93%	18.36%	19.83%
Operating Expenses to Revenue	55.49%	50.30%	45.54%	47.73%	48.16%	51.67%	55.56%	58.63%	69.95%	68.19%
Earnings before Interest and Taxes (EBIT)	43	88	88	146	128	74	12	20	-82	-72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	89	128	127	250	170	136	132	113	18	98
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.25	3.65	4.44	5.23	4.01	4.19	3.15	3.04	2.23	1.50
Price to Tangible Book Value (P/TBV)	8.05	14.24	12.97	14.30	15.67	22.83	14.17	3.96	3.22	2.18
Price to Revenue (P/Rev)	1.53	2.28	2.31	3.33	2.51	2.69	2.65	2.97	1.70	1.89
Price to Earnings (P/E)	0.00	98.84	192.41	59.18	58.16	562.82	0.00	14.92	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	66.55%	0.00%
Earnings Yield	0.00%	1.01%	0.52%	1.69%	1.72%	0.18%	0.00%	6.70%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.04	3.05	3.92	5.36	3.77	3.97	3.03	6.94	3.89	2.99
Enterprise Value to Revenue (EV/Rev)	1.67	2.46	2.40	3.31	2.56	2.74	2.70	2.33	1.26	1.59
Enterprise Value to EBITDA (EV/EBITDA)	18.89	21.22	24.45	15.88	17.15	22.73	17.94	16.55	61.98	14.08
Enterprise Value to EBIT (EV/EBIT)	39.38	30.98	35.09	27.29	22.78	42.00	203.68	93.22	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	78.59	70.43	54.12	57.46	231.11	1,776.44	303.78	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	14.38	23.84	17.42	16.32	21.46	22.27	35.80	19.87	17.74	16.83
Enterprise Value to Free Cash Flow (EV/FCFF)	72.01	0.00	0.00	38.34	50.48	201.05	0.00	64.68	10.17	4.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.93	1.05	1.02	0.89	0.85	0.80	1.13	1.18	0.85	0.51
Long-Term Debt to Equity	0.93	0.91	0.92	0.29	0.84	0.80	0.76	1.18	0.85	0.51
Financial Leverage	0.25	0.23	0.07	0.02	0.08	0.07	-0.31	-0.62	-0.58	-0.43
Leverage Ratio	2.61	2.70	2.64	2.53	2.50	2.63	2.72	2.57	2.18	2.00
Compound Leverage Factor	0.71	1.87	1.94	2.28	2.24	1.40	-8.37	22.99	1.22	2.92
Debt to Total Capital	48.27%	51.23%	50.49%	47.12%	45.91%	44.37%	53.13%	54.22%	45.84%	33.77%
Short-Term Debt to Total Capital	0.00%	6.79%	5.04%	31.61%	0.21%	0.00%	17.56%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	48.27%	44.44%	45.44%	15.51%	45.69%	44.37%	35.58%	54.22%	45.84%	33.77%
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%
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%
Common Equity to Total Capital	51.73%	48.77%	49.51%	52.88%	54.09%	55.63%	46.87%	45.78%	54.16%	66.23%
Debt to EBITDA	7.18	5.66	5.40	2.72	3.56	4.26	6.33	8.23	31.70	5.71
Net Debt to EBITDA	1.58	1.56	0.95	-0.09	0.35	0.38	0.34	-4.56	-21.55	-2.68
Long-Term Debt to EBITDA	7.18	4.91	4.86	0.90	3.54	4.26	4.24	8.23	31.70	5.71
Debt to NOPAT	-13.75	20.96	15.55	9.28	11.92	43.27	626.47	151.01	-9.88	-10.58
Net Debt to NOPAT	-3.02	5.78	2.72	-0.31	1.18	3.91	33.99	-83.73	6.72	4.98
Long-Term Debt to NOPAT	-13.75	18.19	14.00	3.05	11.87	43.27	419.47	151.01	-9.88	-10.58
Altman Z-Score	-54.19	-50.21	-50.43	-46.40	-51.75	-50.67	-46.04	-43.66	-55.87	-41.76
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.55	2.75	2.72	1.49	3.92	3.23	2.09	7.29	5.35	3.68
Quick Ratio	2.85	2.19	2.23	1.28	3.33	2.68	1.81	6.81	4.93	2.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	23	-65	-6.75	104	58	15	-509	29	112	326
Operating Cash Flow to CapEx	722.98%	248.04%	284.05%	506.88%	496.70%	350.51%	179.84%	288.38%	217.97%	86.36%
Free Cash Flow to Firm to Interest Expense	0.75	-2.38	-0.29	7.05	4.30	0.45	-10.76	0.67	3.14	9.78
Operating Cash Flow to Interest Expense	3.77	4.21	7.64	16.55	10.12	4.05	1.40	2.18	1.80	2.47
Operating Cash Flow Less CapEx to Interest Expense	3.25	2.51	4.95	13.29	8.08	2.89	0.62	1.43	0.97	-0.39
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.60	0.68	0.64	0.63	0.59	0.42	0.43	0.47	0.38
Accounts Receivable Turnover	4.50	4.50	5.00	4.87	4.80	4.95	5.17	5.99	6.03	3.90
Inventory Turnover	3.99	4.13	5.06	5.44	5.06	4.91	5.52	6.56	6.78	3.42
Fixed Asset Turnover	4.25	4.69	6.08	6.51	6.45	6.45	5.70	5.97	6.42	3.99
Accounts Payable Turnover	8.70	8.86	8.54	8.34	8.09	8.06	8.79	8.19	8.01	3.95
Days Sales Outstanding (DSO)	81.05	81.19	73.06	74.89	76.00	73.67	70.65	60.94	60.55	93.66
Days Inventory Outstanding (DIO)	91.40	88.34	72.10	67.12	72.07	74.31	66.11	55.65	53.84	106.83
Days Payable Outstanding (DPO)	41.96	41.20	42.73	43.77	45.10	45.31	41.51	44.56	45.55	92.38
Cash Conversion Cycle (CCC)	130.49	128.33	102.43	98.25	102.97	102.68	95.25	72.02	68.84	108.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	821	891	792	741	771	778	780	270	293	464
Invested Capital Turnover	1.17	1.31	1.69	1.59	1.47	1.45	1.67	2.86	2.40	1.34
Increase / (Decrease) in Invested Capital	-70	99	51	-30	-7.00	-2.00	510	-23	-171	-379
Enterprise Value (EV)	1,673	2,720	3,102	3,971	2,909	3,092	2,363	1,874	1,140	1,385
Market Capitalization	1,534	2,520	2,982	3,994	2,850	3,039	2,317	2,390	1,537	1,649
Book Value per Share	$3.05	$3.11	$2.95	$3.34	$3.12	$3.17	$3.25	$3.46	$2.96	$4.70
Tangible Book Value per Share	$0.85	$0.80	$1.01	$1.22	$0.80	$0.58	$0.72	$2.66	$2.05	$3.23
Total Capital	1,318	1,417	1,357	1,445	1,315	1,305	1,568	1,718	1,273	1,663
Total Debt	636	726	685	681	604	579	833	931	583	562
Total Long-Term Debt	636	630	617	224	601	579	558	931	583	562
Net Debt	140	200	120	-23	60	52	45	-516	-397	-264
Capital Expenditures (CapEx)	16	46	63	48	27	40	37	33	30	95
Debt-free, Cash-free Net Working Capital (DFCFNWC)	133	172	139	118	140	106	89	-9.60	5.50	179
Debt-free Net Working Capital (DFNWC)	629	698	704	821	684	633	877	1,438	985	1,005
Net Working Capital (NWC)	629	602	636	365	681	633	602	1,438	985	1,005
Net Nonoperating Expense (NNE)	-20	9.12	29	5.88	1.63	7.98	50	-154	40	35
Net Nonoperating Obligations (NNO)	140	200	120	-23	60	52	45	-516	-397	-638
Total Depreciation and Amortization (D&A)	46	40	39	105	42	62	120	93	100	171
Debt-free, Cash-free Net Working Capital to Revenue	13.31%	15.56%	10.78%	9.81%	12.29%	9.40%	10.20%	-1.19%	0.61%	20.48%
Debt-free Net Working Capital to Revenue	62.91%	63.08%	54.49%	68.50%	60.16%	55.99%	100.18%	178.66%	108.72%	114.96%
Net Working Capital to Revenue	62.91%	54.38%	49.20%	30.42%	59.91%	55.99%	68.75%	178.66%	108.72%	114.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.12)	$0.11	$0.07	$0.20	$0.13	$0.02	($0.20)	$0.73	($0.42)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	222.60M	224.60M	230.90M	228.70M	229.40M	228.10M	227.10M	229.90M	232.30M	0.00
Adjusted Diluted Earnings per Share	($0.12)	$0.11	$0.07	$0.20	$0.12	$0.02	($0.20)	$0.71	($0.42)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	222.60M	226.60M	238.20M	235.90M	233.70M	231.20M	227.10M	234.50M	232.30M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.42)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	221.91M	221.50M	226.26M	228.47M	228.32M	228.85M	226.71M	227.55M	234M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	24	66	129	73	85	58	7.14	25	12	-34
Normalized NOPAT Margin	2.41%	5.98%	10.01%	6.05%	7.49%	5.13%	0.82%	3.13%	1.36%	-3.92%
Pre Tax Income Margin	1.16%	5.49%	5.04%	10.91%	10.06%	3.48%	-4.08%	22.36%	-5.06%	-12.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.38	3.24	3.79	9.90	9.53	2.15	0.25	0.47	-2.29	-2.17
NOPAT to Interest Expense	-1.50	1.28	1.89	4.99	3.78	0.39	0.03	0.14	-1.65	-1.59
EBIT Less CapEx to Interest Expense	0.85	1.54	1.10	6.63	7.49	0.99	-0.53	-0.29	-3.12	-5.03
NOPAT Less CapEx to Interest Expense	-2.02	-0.42	-0.80	1.73	1.74	-0.76	-0.75	-0.61	-2.48	-4.46
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%
Augmented Payout Ratio	-77.52%	329.02%	1,521.94%	62.52%	90.61%	207.41%	-83.95%	57.43%	-44.86%	-5.45%

This table displays calculated financial ratios and metrics derived from Viavi Solutions' official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.77%	6.40%	-3.91%	-4.40%	-0.73%	-10.54%	-20.08%	-21.38%	-21.46%	-9.63%	-5.08%
EBITDA Growth	442.03%	-30.91%	-19.26%	840.00%	-89.36%	40.52%	-36.83%	-98.12%	-31.32%	-36.48%	312.77%
EBIT Growth	235.44%	-0.38%	-43.89%	-113.79%	-192.59%	4.38%	-48.53%	-69.15%	-107.71%	-42.95%	235.37%
NOPAT Growth	721.81%	-17.07%	-133.74%	-2,064.07%	-466.67%	28.68%	-76.48%	-100.95%	-105.37%	-77.98%	10.38%
Net Income Growth	179.27%	-14.95%	-118.37%	-21,600.00%	-59.74%	27.38%	-69.94%	-100.61%	-180.21%	-75.72%	159.49%
EPS Growth	181.82%	-20.00%	-125.00%	0.00%	-57.14%	25.00%	-71.43%	0.00%	-187.50%	-71.43%	158.33%
Operating Cash Flow Growth	-60.00%	119.12%	-73.16%	11.49%	9.55%	-55.84%	89.10%	-68.07%	-38.41%	108.11%	-50.19%
Free Cash Flow Firm Growth	-346.66%	682.73%	140.04%	165.92%	137.80%	113.70%	21.44%	-216.63%	-67.77%	-532.65%	-170.45%
Invested Capital Growth	13.60%	-8.58%	-1.89%	-7.80%	-3.87%	0.23%	5.12%	12.53%	8.23%	11.51%	10.66%
Revenue Q/Q Growth	5.17%	13.69%	-5.48%	2.44%	-3.34%	2.66%	-5.96%	6.38%	-12.90%	-8.29%	-7.49%
EBITDA Q/Q Growth	-29.13%	8.82%	225.53%	168.57%	-89.13%	27.18%	3,690.00%	-96.96%	-4.08%	-42.83%	12.78%
EBIT Q/Q Growth	-59.00%	77.55%	835.00%	74.68%	-130.15%	0.00%	80.69%	637.04%	-110.76%	-50.69%	8.30%
NOPAT Q/Q Growth	376.89%	477.78%	27.94%	52.10%	-163.60%	53.69%	4,721.96%	87.46%	-114.44%	-71.91%	86.68%
Net Income Q/Q Growth	114.29%	605.56%	91.71%	11.79%	-329.91%	9.18%	9,900.00%	99.35%	-283.33%	-74.23%	97.58%
EPS Q/Q Growth	125.00%	500.00%	90.00%	9.09%	-320.00%	25.00%	0.00%	0.00%	-275.00%	-71.43%	55.56%
Operating Cash Flow Q/Q Growth	-82.55%	231.11%	-48.47%	34.36%	-4.41%	-59.44%	114.04%	32.02%	-61.47%	73.68%	-63.86%
Free Cash Flow Firm Q/Q Growth	-174.03%	551.87%	-79.66%	151.29%	134.92%	133.35%	66.52%	-44.10%	14.88%	-91.26%	-34.96%
Invested Capital Q/Q Growth	19.79%	-3.86%	2.48%	-3.75%	-3.60%	3.18%	-3.69%	0.35%	0.51%	8.22%	3.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.43%	59.38%	57.14%	57.78%	56.06%	58.15%	58.25%	55.39%	56.90%	58.70%	59.57%
EBITDA Margin	8.29%	12.30%	12.85%	3.73%	1.42%	18.94%	15.29%	0.38%	13.28%	12.06%	19.34%
Operating Margin	2.98%	8.20%	4.83%	-2.26%	-4.84%	8.80%	6.45%	4.48%	-0.85%	8.05%	16.05%
EBIT Margin	3.76%	9.64%	6.17%	-0.79%	-3.21%	10.29%	10.57%	5.50%	-1.09%	8.82%	16.41%
Profit (Net Income) Margin	6.85%	3.36%	-0.76%	-8.61%	-10.00%	4.20%	3.95%	-0.04%	-6.21%	2.95%	10.51%
Tax Burden Percent	609.38%	48.92%	-25.00%	228.42%	157.69%	58.47%	53.26%	-1.56%	163.83%	44.44%	72.77%
Interest Burden Percent	29.91%	71.26%	48.98%	475.00%	197.47%	69.85%	70.23%	44.14%	348.15%	75.30%	88.02%
Effective Tax Rate	-509.38%	51.08%	125.00%	0.00%	0.00%	41.53%	46.74%	101.56%	0.00%	55.56%	27.23%
Return on Invested Capital (ROIC)	20.87%	4.77%	-1.41%	-1.85%	-3.94%	5.90%	4.29%	-0.09%	-0.82%	5.32%	19.18%
ROIC Less NNEP Spread (ROIC-NNEP)	4.26%	3.53%	-0.74%	-12.27%	-13.13%	4.54%	5.02%	-0.04%	-9.64%	3.65%	3.64%
Return on Net Nonoperating Assets (RNNOA)	1.16%	0.71%	-0.17%	-3.04%	-3.35%	1.13%	1.33%	-0.01%	-2.19%	0.53%	0.11%
Return on Equity (ROE)	22.02%	5.48%	-1.58%	-4.89%	-7.29%	7.03%	5.61%	-0.10%	-3.00%	5.85%	19.30%
Cash Return on Invested Capital (CROIC)	-11.69%	-96.90%	-177.42%	2.71%	3.28%	0.58%	-4.54%	-7.68%	-1.76%	0.22%	6.35%
Operating Return on Assets (OROA)	2.14%	5.42%	3.45%	-0.44%	-1.78%	5.67%	6.19%	3.31%	-0.68%	5.71%	10.64%
Return on Assets (ROA)	3.89%	1.89%	-0.42%	-4.80%	-5.53%	2.31%	2.31%	-0.02%	-3.86%	1.91%	6.82%
Return on Common Equity (ROCE)	22.02%	5.48%	-1.58%	-4.89%	-7.29%	7.03%	5.61%	-0.10%	-3.00%	5.85%	19.30%
Return on Equity Simple (ROE_SIMPLE)	0.70%	-5.71%	-5.33%	0.00%	-0.60%	0.69%	0.40%	0.00%	6.17%	11.15%	15.87%
Net Operating Profit after Tax (NOPAT)	52	11	-2.88	-3.99	-8.33	13	8.52	-0.18	-1.47	10	36
NOPAT Margin	18.19%	4.01%	-1.21%	-1.58%	-3.39%	5.15%	3.44%	-0.07%	-0.59%	3.58%	11.68%
Net Nonoperating Expense Percent (NNEP)	16.61%	1.24%	-0.67%	10.42%	9.20%	1.36%	-0.73%	-0.05%	8.82%	1.67%	15.55%
Return On Investment Capital (ROIC_SIMPLE)	3.78%	0.82%	-	-	-	0.90%	-	-	-	-	-
Cost of Revenue to Revenue	43.57%	40.62%	42.86%	42.22%	43.94%	41.85%	41.75%	44.61%	43.10%	41.30%	40.43%
SG&A Expenses to Revenue	35.57%	31.13%	31.11%	32.98%	39.92%	29.39%	31.14%	29.78%	32.28%	31.63%	25.85%
R&D to Revenue	17.56%	19.24%	20.74%	20.83%	20.33%	19.45%	20.13%	19.58%	20.50%	18.24%	16.96%
Operating Expenses to Revenue	53.44%	51.18%	52.31%	60.04%	60.89%	49.35%	51.80%	50.91%	57.75%	50.65%	43.52%
Earnings before Interest and Taxes (EBIT)	11	26	15	-2.00	-7.90	26	26	15	-2.70	25	51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	33	31	9.40	3.50	48	38	1.00	33	34	60
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.43	3.31	2.85	2.25	2.87	3.08	3.00	3.65	3.57	3.46	4.59
Price to Tangible Book Value (P/TBV)	676.02	11.15	9.69	8.05	9.68	9.97	11.72	14.24	14.63	14.31	14.03
Price to Revenue (P/Rev)	2.39	2.24	2.02	1.53	2.00	2.21	1.94	2.28	2.07	1.91	2.33
Price to Earnings (P/E)	490.44	0.00	0.00	0.00	0.00	447.90	749.80	98.84	57.82	31.02	28.89
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	0.20%	0.00%	0.00%	0.00%	0.00%	0.22%	0.13%	1.01%	1.73%	3.22%	3.46%
Enterprise Value to Invested Capital (EV/IC)	2.83	2.95	2.55	2.04	2.54	2.71	2.57	3.05	2.97	2.91	3.85
Enterprise Value to Revenue (EV/Rev)	2.62	2.37	2.16	1.67	2.15	2.36	2.11	2.46	2.24	2.07	2.46
Enterprise Value to EBITDA (EV/EBITDA)	28.30	35.91	26.37	18.89	27.08	19.97	20.80	21.22	14.63	13.18	14.60
Enterprise Value to EBIT (EV/EBIT)	55.39	77.17	69.15	39.38	36.80	37.33	34.98	30.98	21.94	16.29	17.76
Enterprise Value to NOPAT (EV/NOPAT)	287.23	0.00	0.00	0.00	0.00	335.85	576.96	78.59	50.28	27.66	24.55
Enterprise Value to Operating Cash Flow (EV/OCF)	29.74	22.95	26.93	14.38	19.10	21.40	16.02	23.84	16.08	14.69	20.76
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	72.01	76.06	466.62	0.00	0.00	0.00	1,379.90	63.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.88	0.94	0.91	0.93	0.90	1.00	1.08	1.05	1.16	1.00	1.06
Long-Term Debt to Equity	0.54	0.94	0.91	0.93	0.90	0.87	0.93	0.91	0.92	0.90	0.95
Financial Leverage	0.27	0.20	0.23	0.25	0.26	0.25	0.26	0.23	0.23	0.15	0.03
Leverage Ratio	2.56	2.54	2.57	2.61	2.64	2.60	2.70	2.70	2.73	2.63	2.61
Compound Leverage Factor	0.77	1.81	1.26	12.41	5.21	1.82	1.89	1.19	9.49	1.98	2.30
Debt to Total Capital	46.79%	48.35%	47.59%	48.27%	47.36%	50.04%	51.86%	51.23%	53.72%	49.91%	51.37%
Short-Term Debt to Total Capital	17.87%	0.00%	0.00%	0.00%	0.00%	6.61%	6.86%	6.79%	11.14%	4.95%	5.10%
Long-Term Debt to Total Capital	28.92%	48.35%	47.59%	48.27%	47.36%	43.43%	45.00%	44.44%	42.59%	44.95%	46.27%
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	53.21%	51.65%	52.41%	51.73%	52.64%	49.96%	48.14%	48.77%	46.28%	50.09%	48.63%
Debt to EBITDA	6.61	9.63	7.84	7.18	7.91	6.08	6.85	5.66	4.39	3.51	3.18
Net Debt to EBITDA	2.48	1.91	1.72	1.58	1.85	1.31	1.72	1.56	1.14	1.00	0.78
Long-Term Debt to EBITDA	4.09	9.63	7.84	7.18	7.91	5.27	5.95	4.91	3.48	3.16	2.87
Debt to NOPAT	67.14	-0.71	-0.42	-13.75	-108.45	102.16	190.11	20.96	15.09	7.36	5.35
Net Debt to NOPAT	25.21	-0.14	-0.09	-3.02	-25.35	22.04	47.78	5.78	3.91	2.10	1.31
Long-Term Debt to NOPAT	41.49	-0.71	-0.42	-13.75	-108.45	88.67	164.97	18.19	11.96	6.63	4.82
Altman Z-Score	-48.44	-54.16	-53.93	-54.28	-53.71	-50.28	-51.96	-50.34	-48.65	-50.90	-52.31
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	1.53	3.55	3.71	3.55	3.81	3.09	2.95	2.75	2.43	2.77	2.85
Quick Ratio	1.19	2.91	2.99	2.85	3.05	2.49	2.35	2.19	1.94	2.16	2.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-64	87	13	66	26	11	-33	-99	-69	-81	-42
Operating Cash Flow to CapEx	121.88%	604.05%	355.26%	873.33%	780.00%	453.33%	824.59%	405.17%	183.51%	283.44%	187.32%
Free Cash Flow to Firm to Interest Expense	-8.57	11.58	1.78	8.73	3.39	1.40	-4.27	-12.27	-10.29	-13.07	-6.94
Operating Cash Flow to Interest Expense	1.04	5.96	1.80	3.49	2.53	2.58	6.45	2.90	2.66	7.45	4.36
Operating Cash Flow Less CapEx to Interest Expense	0.19	4.97	1.29	3.09	2.21	2.01	5.67	2.19	1.21	4.82	2.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.57	0.56	0.56	0.56	0.55	0.55	0.59	0.60	0.62	0.65	0.65
Accounts Receivable Turnover	4.50	4.78	5.03	4.50	4.68	4.69	4.77	4.50	4.81	5.17	5.21
Inventory Turnover	4.03	4.10	4.09	3.99	3.80	3.69	3.98	4.13	4.04	4.31	4.80
Fixed Asset Turnover	4.55	4.36	4.22	4.25	4.22	4.21	4.44	4.69	5.03	5.44	5.87
Accounts Payable Turnover	8.07	8.57	9.70	8.70	10.11	9.24	8.75	8.86	9.49	8.56	7.95
Days Sales Outstanding (DSO)	81.11	76.37	72.58	81.05	77.92	77.87	76.44	81.19	75.83	70.63	70.01
Days Inventory Outstanding (DIO)	90.55	88.94	89.16	91.40	96.05	98.90	91.82	88.34	90.44	84.70	75.99
Days Payable Outstanding (DPO)	45.23	42.57	37.61	41.96	36.11	39.49	41.71	41.20	38.47	42.66	45.90
Cash Conversion Cycle (CCC)	126.43	122.74	124.13	130.49	137.86	137.28	126.55	128.33	127.80	112.67	100.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	970	809	842	821	853	885	858	891	888	883	816
Invested Capital Turnover	1.15	1.19	1.17	1.17	1.16	1.15	1.25	1.31	1.38	1.49	1.64
Increase / (Decrease) in Invested Capital	116	-76	-16	-70	-34	2.00	42	99	68	91	79
Enterprise Value (EV)	2,742	2,385	2,144	1,673	2,171	2,397	2,207	2,720	2,640	2,575	3,141
Market Capitalization	2,501	2,258	2,004	1,534	2,023	2,240	2,024	2,520	2,434	2,379	2,973
Book Value per Share	$3.28	$3.08	$3.16	$3.05	$3.17	$3.27	$3.05	$3.11	$3.04	$3.04	$2.87
Tangible Book Value per Share	$0.02	$0.91	$0.93	$0.85	$0.94	$1.01	$0.78	$0.80	$0.74	$0.73	$0.94
Total Capital	1,370	1,322	1,340	1,318	1,340	1,457	1,403	1,417	1,474	1,373	1,333
Total Debt	641	639	638	636	634	729	727	726	792	685	685
Total Long-Term Debt	396	639	638	636	634	633	631	630	628	617	617
Net Debt	241	127	140	140	148	157	183	200	206	196	168
Capital Expenditures (CapEx)	6.40	7.40	3.80	3.00	2.50	4.50	6.10	5.80	9.70	16	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	135	120	133	133	154	178	157	172	168	162	169
Debt-free Net Working Capital (DFNWC)	536	632	631	629	640	750	701	698	755	651	686
Net Working Capital (NWC)	291	632	631	629	640	653	605	602	590	583	618
Net Nonoperating Expense (NNE)	32	1.76	-1.08	18	16	2.40	-1.28	-0.08	14	1.78	3.64
Net Nonoperating Obligations (NNO)	241	127	140	140	148	157	183	200	206	196	168
Total Depreciation and Amortization (D&A)	13	7.20	16	11	11	22	12	-14	36	9.20	9.10
Debt-free, Cash-free Net Working Capital to Revenue	12.94%	11.88%	13.46%	13.31%	15.19%	17.53%	15.03%	15.56%	14.26%	12.97%	13.21%
Debt-free Net Working Capital to Revenue	51.20%	62.80%	63.71%	62.91%	63.22%	73.93%	67.20%	63.08%	64.07%	52.28%	53.74%
Net Working Capital to Revenue	27.80%	62.80%	63.71%	62.91%	63.22%	64.43%	57.98%	54.38%	50.13%	46.82%	48.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.09	$0.04	($0.01)	($0.10)	($0.11)	$0.05	$0.04	$0.00	($0.07)	$0.04	$0.14
Adjusted Weighted Average Basic Shares Outstanding	222.60M	222M	222M	222.60M	223M	222.50M	222M	224.60M	224.10M	225.90M	226.30M
Adjusted Diluted Earnings per Share	$0.09	$0.04	($0.01)	($0.10)	($0.11)	$0.05	$0.04	$0.00	($0.07)	$0.04	$0.14
Adjusted Weighted Average Diluted Shares Outstanding	226.90M	224.80M	222M	222.60M	223M	223.50M	224.20M	226.60M	224.10M	227.10M	230.40M
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	223.24M	222.14M	221.81M	221.91M	223.24M	222.57M	222.39M	221.50M	222.45M	224.78M	226.36M
Normalized Net Operating Profit after Tax (NOPAT)	5.74	16	8.05	6.09	-8.26	13	8.10	9.59	5.67	16	36
Normalized NOPAT Margin	2.02%	6.05%	3.38%	2.42%	-3.36%	5.12%	3.27%	3.64%	2.29%	5.63%	11.68%
Pre Tax Income Margin	1.12%	6.87%	3.02%	-3.77%	-6.34%	7.19%	7.42%	2.43%	-3.79%	6.64%	14.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.43	3.48	1.96	-0.27	-1.03	3.32	3.36	1.79	-0.40	4.05	8.34
NOPAT to Interest Expense	6.91	1.45	-0.38	-0.53	-1.08	1.66	1.09	-0.02	-0.22	1.64	5.94
EBIT Less CapEx to Interest Expense	0.57	2.49	1.45	-0.67	-1.35	2.75	2.58	1.07	-1.85	1.42	6.02
NOPAT Less CapEx to Interest Expense	6.05	0.46	-0.89	-0.93	-1.41	1.09	0.31	-0.74	-1.67	-0.99	3.61
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	517.65%	-67.69%	-70.59%	-77.52%	-476.19%	1,000.00%	2,785.19%	329.02%	244.18%	201.04%	238.87%

Frequently Asked Questions About Viavi Solutions' Financials

When does Viavi Solutions's financial year end?

According to the most recent income statement we have on file, Viavi Solutions' fiscal year ends in June. Their fiscal year 2024 ended on June 29, 2024.

How has Viavi Solutions' net income changed over the last 9 years?

Viavi Solutions' net income appears to be on an upward trend, with a most recent value of -$25.80 million in 2024, falling from -$88.10 million in 2015. The previous period was $25.50 million in 2023. See where experts think Viavi Solutions is headed by visiting Viavi Solutions' forecast page.

What is Viavi Solutions's operating income?

Viavi Solutions's total operating income in 2024 was $20.80 million, based on the following breakdown:

Total Gross Profit: $575.90 million
Total Operating Expenses: $555.10 million

How has Viavi Solutions revenue changed over the last 9 years?

Over the last 9 years, Viavi Solutions' total revenue changed from $873.90 million in 2015 to $1.00 billion in 2024, a change of 14.5%.

How much debt does Viavi Solutions have?

Viavi Solutions' total liabilities were at $1.05 billion at the end of 2024, a 9.1% decrease from 2023, and a 5.5% decrease since 2015.

How much cash does Viavi Solutions have?

In the past 9 years, Viavi Solutions' cash and equivalents has ranged from $334.50 million in 2015 to $1.00 billion in 2017, and is currently $471.30 million as of their latest financial filing in 2024.

How has Viavi Solutions' book value per share changed over the last 9 years?

Over the last 9 years, Viavi Solutions' book value per share changed from 4.70 in 2015 to 3.05 in 2024, a change of -35.1%.

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This page (NASDAQ:VIAV) was last updated on 5/25/2025 by MarketBeat.com Staff

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Viavi Solutions (VIAV) Financials

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