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Side-by-side financial comparison of ARBOR REALTY TRUST INC (ABR) and AVIAT NETWORKS, INC. (AVNW). Click either name above to swap in a different company.

ARBOR REALTY TRUST INC is the larger business by last-quarter revenue ($133.4M vs $111.5M, roughly 1.2× AVIAT NETWORKS, INC.). On growth, AVIAT NETWORKS, INC. posted the faster year-over-year revenue change (-5.7% vs -12.1%). Over the past eight quarters, AVIAT NETWORKS, INC.'s revenue compounded faster (0.3% CAGR vs -8.9%).

Arbor Realty Trust Inc. is a U.S.-headquartered specialized real estate investment trust (REIT). It primarily provides structured financing solutions for multifamily residential and commercial real estate projects, including bridge loans, agency lending, and mezzanine financing. Its core market covers the U.S. real estate sector, serving property owners, developers and real estate investors nationwide.

Aviat Networks, Inc. is a global provider of microwave transport and backhaul solutions, providing public and private operators with communications infrastructure to serve telecommunications operators and enterprise customers.

ABR vs AVNW — Head-to-Head

Bigger by revenue
ABR
ABR
1.2× larger
ABR
$133.4M
$111.5M
AVNW
Growing faster (revenue YoY)
AVNW
AVNW
+6.4% gap
AVNW
-5.7%
-12.1%
ABR
Faster 2-yr revenue CAGR
AVNW
AVNW
Annualised
AVNW
0.3%
-8.9%
ABR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ABR
ABR
AVNW
AVNW
Revenue
$133.4M
$111.5M
Net Profit
$5.7M
Gross Margin
32.4%
Operating Margin
6.5%
Net Margin
5.1%
Revenue YoY
-12.1%
-5.7%
Net Profit YoY
27.2%
EPS (diluted)
$0.08
$0.44

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABR
ABR
AVNW
AVNW
Q4 25
$133.4M
$111.5M
Q3 25
$112.4M
$107.3M
Q2 25
$130.4M
$115.3M
Q1 25
$134.2M
$112.6M
Q4 24
$151.7M
$118.2M
Q3 24
$156.7M
$88.4M
Q2 24
$153.1M
$116.7M
Q1 24
$160.7M
$110.8M
Net Profit
ABR
ABR
AVNW
AVNW
Q4 25
$5.7M
Q3 25
$52.0M
$162.0K
Q2 25
$36.3M
$5.2M
Q1 25
$43.4M
$3.5M
Q4 24
$4.5M
Q3 24
$73.5M
$-11.9M
Q2 24
$61.8M
$1.5M
Q1 24
$73.2M
$3.9M
Gross Margin
ABR
ABR
AVNW
AVNW
Q4 25
32.4%
Q3 25
33.2%
Q2 25
34.2%
Q1 25
34.9%
Q4 24
34.6%
Q3 24
22.4%
Q2 24
35.3%
Q1 24
32.5%
Operating Margin
ABR
ABR
AVNW
AVNW
Q4 25
6.5%
Q3 25
4.8%
Q2 25
7.7%
Q1 25
8.3%
Q4 24
6.7%
Q3 24
-17.6%
Q2 24
4.7%
Q1 24
46.9%
5.1%
Net Margin
ABR
ABR
AVNW
AVNW
Q4 25
5.1%
Q3 25
46.3%
0.2%
Q2 25
27.8%
4.5%
Q1 25
32.3%
3.1%
Q4 24
3.8%
Q3 24
46.9%
-13.4%
Q2 24
40.4%
1.3%
Q1 24
45.6%
3.5%
EPS (diluted)
ABR
ABR
AVNW
AVNW
Q4 25
$0.08
$0.44
Q3 25
$0.20
$0.01
Q2 25
$0.12
$0.42
Q1 25
$0.16
$0.27
Q4 24
$0.31
$0.35
Q3 24
$0.31
$-0.94
Q2 24
$0.25
$0.11
Q1 24
$0.31
$0.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABR
ABR
AVNW
AVNW
Cash + ST InvestmentsLiquidity on hand
$482.9M
$86.5M
Total DebtLower is stronger
$11.1B
$105.4M
Stockholders' EquityBook value
$3.0B
$271.6M
Total Assets
$14.5B
$659.4M
Debt / EquityLower = less leverage
3.75×
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABR
ABR
AVNW
AVNW
Q4 25
$482.9M
$86.5M
Q3 25
$423.4M
$64.8M
Q2 25
$255.7M
$59.7M
Q1 25
$308.8M
$49.4M
Q4 24
$503.8M
$52.6M
Q3 24
$687.5M
$51.0M
Q2 24
$737.5M
$64.6M
Q1 24
$908.0M
$59.2M
Total Debt
ABR
ABR
AVNW
AVNW
Q4 25
$11.1B
$105.4M
Q3 25
$10.4B
$106.5M
Q2 25
$10.1B
$87.6M
Q1 25
$9.9B
$73.9M
Q4 24
$10.0B
$74.9M
Q3 24
$10.3B
$83.4M
Q2 24
$10.6B
$48.4M
Q1 24
$11.4B
$48.9M
Stockholders' Equity
ABR
ABR
AVNW
AVNW
Q4 25
$3.0B
$271.6M
Q3 25
$3.0B
$263.6M
Q2 25
$3.0B
$263.2M
Q1 25
$3.0B
$256.1M
Q4 24
$3.0B
$249.6M
Q3 24
$3.0B
$247.1M
Q2 24
$3.1B
$255.9M
Q1 24
$3.1B
$256.0M
Total Assets
ABR
ABR
AVNW
AVNW
Q4 25
$14.5B
$659.4M
Q3 25
$13.9B
$643.3M
Q2 25
$13.6B
$633.3M
Q1 25
$13.4B
$628.3M
Q4 24
$13.5B
$594.1M
Q3 24
$13.9B
$590.9M
Q2 24
$14.2B
$535.2M
Q1 24
$15.1B
$490.3M
Debt / Equity
ABR
ABR
AVNW
AVNW
Q4 25
3.75×
0.39×
Q3 25
3.47×
0.40×
Q2 25
3.40×
0.33×
Q1 25
3.29×
0.29×
Q4 24
3.29×
0.30×
Q3 24
3.40×
0.34×
Q2 24
3.47×
0.19×
Q1 24
3.68×
0.19×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABR
ABR
AVNW
AVNW
Operating Cash FlowLast quarter
$372.4M
$23.9M
Free Cash FlowOCF − Capex
$22.5M
FCF MarginFCF / Revenue
20.2%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
4.18×
TTM Free Cash FlowTrailing 4 quarters
$16.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABR
ABR
AVNW
AVNW
Q4 25
$372.4M
$23.9M
Q3 25
$178.7M
$-11.7M
Q2 25
$60.0M
$10.5M
Q1 25
$150.5M
$1.6M
Q4 24
$461.5M
$20.8M
Q3 24
$85.0M
$-27.2M
Q2 24
$69.9M
$8.3M
Q1 24
$260.0M
$15.3M
Free Cash Flow
ABR
ABR
AVNW
AVNW
Q4 25
$22.5M
Q3 25
$-13.5M
Q2 25
$8.2M
Q1 25
$-1.2M
Q4 24
$18.3M
Q3 24
$-32.6M
Q2 24
$7.5M
Q1 24
$14.8M
FCF Margin
ABR
ABR
AVNW
AVNW
Q4 25
20.2%
Q3 25
-12.6%
Q2 25
7.1%
Q1 25
-1.0%
Q4 24
15.5%
Q3 24
-36.8%
Q2 24
6.4%
Q1 24
13.4%
Capex Intensity
ABR
ABR
AVNW
AVNW
Q4 25
1.3%
Q3 25
1.6%
Q2 25
2.0%
Q1 25
2.5%
Q4 24
2.1%
Q3 24
6.1%
Q2 24
0.7%
Q1 24
0.4%
Cash Conversion
ABR
ABR
AVNW
AVNW
Q4 25
4.18×
Q3 25
3.44×
-72.48×
Q2 25
1.65×
2.02×
Q1 25
3.47×
0.46×
Q4 24
4.62×
Q3 24
1.16×
Q2 24
1.13×
5.37×
Q1 24
3.55×
3.96×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABR
ABR

Segment breakdown not available.

AVNW
AVNW

Products$81.2M73%
Services$30.3M27%

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