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Side-by-side financial comparison of ADTRAN Holdings, Inc. (ADTN) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.
ADTRAN Holdings, Inc. is the larger business by last-quarter revenue ($291.6M vs $151.1M, roughly 1.9× STURM RUGER & CO INC). On growth, ADTRAN Holdings, Inc. posted the faster year-over-year revenue change (20.1% vs 3.6%). ADTRAN Holdings, Inc. produced more free cash flow last quarter ($30.6M vs $12.3M). Over the past eight quarters, ADTRAN Holdings, Inc.'s revenue compounded faster (13.5% CAGR vs 5.1%).
Adtran, Inc. is an American fiber networking and telecommunications company headquartered in Huntsville, Alabama. It is a vendor of both residential and enterprise networking equipment, along with administrative software for network management and deployment. Its customers include communications service providers, governments, enterprises and utilities.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
ADTN vs RGR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $291.6M | $151.1M |
| Net Profit | $-3.6M | — |
| Gross Margin | 39.0% | 17.8% |
| Operating Margin | 1.5% | 2.3% |
| Net Margin | -1.2% | — |
| Revenue YoY | 20.1% | 3.6% |
| Net Profit YoY | 92.2% | — |
| EPS (diluted) | $-0.02 | $0.22 |
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.
| Q4 25 | $291.6M | $151.1M | ||
| Q3 25 | $279.4M | $126.8M | ||
| Q2 25 | $265.1M | $132.5M | ||
| Q1 25 | $247.7M | $135.7M | ||
| Q4 24 | $242.9M | $145.8M | ||
| Q3 24 | $227.7M | $122.3M | ||
| Q2 24 | $226.0M | $130.8M | ||
| Q1 24 | $226.2M | $136.8M |
| Q4 25 | $-3.6M | — | ||
| Q3 25 | $-10.3M | $1.6M | ||
| Q2 25 | $-20.5M | $-17.2M | ||
| Q1 25 | $-11.3M | $7.8M | ||
| Q4 24 | $-46.1M | — | ||
| Q3 24 | $-33.3M | $4.7M | ||
| Q2 24 | $-49.7M | $8.3M | ||
| Q1 24 | $-330.8M | $7.1M |
| Q4 25 | 39.0% | 17.8% | ||
| Q3 25 | 38.3% | 15.1% | ||
| Q2 25 | 37.3% | 3.9% | ||
| Q1 25 | 38.4% | 22.0% | ||
| Q4 24 | 36.9% | 22.8% | ||
| Q3 24 | 36.5% | 18.5% | ||
| Q2 24 | 36.0% | 22.3% | ||
| Q1 24 | 31.1% | 21.5% |
| Q4 25 | 1.5% | 2.3% | ||
| Q3 25 | -1.0% | -2.7% | ||
| Q2 25 | -5.0% | -15.6% | ||
| Q1 25 | -1.6% | 6.2% | ||
| Q4 24 | -6.9% | 7.8% | ||
| Q3 24 | -11.5% | 3.1% | ||
| Q2 24 | -17.0% | 6.9% | ||
| Q1 24 | -153.1% | 5.5% |
| Q4 25 | -1.2% | — | ||
| Q3 25 | -3.7% | 1.2% | ||
| Q2 25 | -7.7% | -13.0% | ||
| Q1 25 | -4.5% | 5.7% | ||
| Q4 24 | -19.0% | — | ||
| Q3 24 | -14.6% | 3.9% | ||
| Q2 24 | -22.0% | 6.3% | ||
| Q1 24 | -146.2% | 5.2% |
| Q4 25 | $-0.02 | $0.22 | ||
| Q3 25 | $-0.12 | $0.10 | ||
| Q2 25 | $-0.24 | $-1.05 | ||
| Q1 25 | $-0.14 | $0.46 | ||
| Q4 24 | $-0.58 | $0.62 | ||
| Q3 24 | $-0.38 | $0.28 | ||
| Q2 24 | $-0.63 | $0.47 | ||
| Q1 24 | $-4.20 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $95.7M | $92.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $145.8M | $283.8M |
| Total Assets | $1.2B | $342.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.7M | $92.5M | ||
| Q3 25 | $93.7M | $80.8M | ||
| Q2 25 | $106.3M | $101.4M | ||
| Q1 25 | $101.3M | $108.3M | ||
| Q4 24 | $76.0M | $105.5M | ||
| Q3 24 | $88.5M | $96.0M | ||
| Q2 24 | $111.2M | $105.6M | ||
| Q1 24 | $106.8M | $115.3M |
| Q4 25 | $145.8M | $283.8M | ||
| Q3 25 | $141.6M | $279.6M | ||
| Q2 25 | $169.6M | $289.3M | ||
| Q1 25 | $138.9M | $321.5M | ||
| Q4 24 | $127.0M | $319.6M | ||
| Q3 24 | $205.6M | $314.9M | ||
| Q2 24 | $213.6M | $321.5M | ||
| Q1 24 | $260.8M | $332.0M |
| Q4 25 | $1.2B | $342.0M | ||
| Q3 25 | $1.2B | $342.3M | ||
| Q2 25 | $1.2B | $349.5M | ||
| Q1 25 | $1.2B | $379.0M | ||
| Q4 24 | $1.2B | $384.0M | ||
| Q3 24 | $1.3B | $373.5M | ||
| Q2 24 | $1.3B | $376.7M | ||
| Q1 24 | $1.3B | $385.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $42.2M | $15.5M |
| Free Cash FlowOCF − Capex | $30.6M | $12.3M |
| FCF MarginFCF / Revenue | 10.5% | 8.2% |
| Capex IntensityCapex / Revenue | 4.0% | 2.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $98.0M | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.2M | $15.5M | ||
| Q3 25 | $12.2M | $12.9M | ||
| Q2 25 | $32.2M | $14.7M | ||
| Q1 25 | $43.2M | $11.1M | ||
| Q4 24 | $2.4M | $20.0M | ||
| Q3 24 | $43.3M | $9.4M | ||
| Q2 24 | $19.9M | $18.7M | ||
| Q1 24 | $37.9M | $7.3M |
| Q4 25 | $30.6M | $12.3M | ||
| Q3 25 | $4.2M | $7.0M | ||
| Q2 25 | $27.5M | $9.1M | ||
| Q1 25 | $35.8M | $10.0M | ||
| Q4 24 | $-895.0K | $16.4M | ||
| Q3 24 | $37.1M | $2.6M | ||
| Q2 24 | $8.4M | $10.1M | ||
| Q1 24 | $24.4M | $5.6M |
| Q4 25 | 10.5% | 8.2% | ||
| Q3 25 | 1.5% | 5.5% | ||
| Q2 25 | 10.4% | 6.9% | ||
| Q1 25 | 14.4% | 7.4% | ||
| Q4 24 | -0.4% | 11.2% | ||
| Q3 24 | 16.3% | 2.1% | ||
| Q2 24 | 3.7% | 7.7% | ||
| Q1 24 | 10.8% | 4.1% |
| Q4 25 | 4.0% | 2.1% | ||
| Q3 25 | 2.9% | 4.6% | ||
| Q2 25 | 1.8% | 4.2% | ||
| Q1 25 | 3.0% | 0.8% | ||
| Q4 24 | 1.4% | 2.5% | ||
| Q3 24 | 2.7% | 5.5% | ||
| Q2 24 | 5.1% | 6.6% | ||
| Q1 24 | 6.0% | 1.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | — | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADTN
| Subscriber Solutions | $96.2M | 33% |
| Optical Networking Solutions | $81.8M | 28% |
| Access Aggregation Solutions | $64.6M | 22% |
| Services And Support | $48.9M | 17% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
