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AVNW · Nasdaq · United States · Radio & Tv Broadcasting & Communications Equipment
In shortAVIAT NETWORKS, INC. is profitable, generates cash and carries moderate debt, with revenue stable (+1.2% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 4.4% | 31/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 0.6% | 22/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 1.0% | 5/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 4.2% | 28/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.97× | 97/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.36× | 91/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.07× | 84/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.30 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 1.4% | 26/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.40× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 6.6% | 87/100 |
| Operating margin volatility | 2.7% | 84/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 8.5% | 64/100 |
|---|---|---|
| EPS growth, 3-year average | -39.5% | 0/100 |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 303 | 344 | 408 | 435 | 440 |
| Cost of revenue | 194 | 222 | 263 | 295 | 301 |
| Gross profit | 109 | 122 | 145 | 139 | 138 |
| Research & development | 23 | 25 | 36 | 36 | 28 |
| Selling, general & admin | 58 | 70 | 85 | 89 | 89 |
| Operating income | 29 | 25 | 19 | 11 | 19 |
| Pre-tax income | 30 | 21 | 17 | 3.6 | 13 |
| Income tax | 9.3 | 11 | 6.1 | 2.2 | 11 |
| Net income | 21 | 10 | 11 | 1.3 | 2.5 |
| Diluted EPS | $1.79 | $0.86 | $0.86 | $0.10 | $0.19 |
| Diluted shares (millions) | 12 | 12 | 12 | 13 | 13 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of AVIAT NETWORKS, INC. are included in the Investor plan. Try free for 7 days →
0.30 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jul 3, 2026 · Data updated Aug 27, 2026