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Side-by-side financial comparison of ADTRAN Holdings, Inc. (ADTN) and ROGERS CORP (ROG). Click either name above to swap in a different company.
ADTRAN Holdings, Inc. is the larger business by last-quarter revenue ($291.6M vs $200.5M, roughly 1.5× ROGERS CORP). ROGERS CORP runs the higher net margin — 2.2% vs -1.2%, a 3.5% gap on every dollar of revenue. On growth, ADTRAN Holdings, Inc. posted the faster year-over-year revenue change (20.1% vs 5.2%). ADTRAN Holdings, Inc. produced more free cash flow last quarter ($30.6M vs $1.1M). Over the past eight quarters, ADTRAN Holdings, Inc.'s revenue compounded faster (13.5% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
ADTN vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $291.6M | $200.5M |
| Net Profit | $-3.6M | $4.5M |
| Gross Margin | 39.0% | 32.2% |
| Operating Margin | 1.5% | — |
| Net Margin | -1.2% | 2.2% |
| Revenue YoY | 20.1% | 5.2% |
| Net Profit YoY | 92.2% | 421.4% |
| EPS (diluted) | $-0.02 | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | $291.6M | $201.5M | ||
| Q3 25 | $279.4M | $216.0M | ||
| Q2 25 | $265.1M | $202.8M | ||
| Q1 25 | $247.7M | $190.5M | ||
| Q4 24 | $242.9M | $192.2M | ||
| Q3 24 | $227.7M | $210.3M | ||
| Q2 24 | $226.0M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-3.6M | $4.6M | ||
| Q3 25 | $-10.3M | $8.6M | ||
| Q2 25 | $-20.5M | $-73.6M | ||
| Q1 25 | $-11.3M | $-1.4M | ||
| Q4 24 | $-46.1M | $-500.0K | ||
| Q3 24 | $-33.3M | $10.7M | ||
| Q2 24 | $-49.7M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | 39.0% | 31.5% | ||
| Q3 25 | 38.3% | 33.5% | ||
| Q2 25 | 37.3% | 31.6% | ||
| Q1 25 | 38.4% | 29.9% | ||
| Q4 24 | 36.9% | 32.1% | ||
| Q3 24 | 36.5% | 35.2% | ||
| Q2 24 | 36.0% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 3.5% | ||
| Q3 25 | -1.0% | 7.3% | ||
| Q2 25 | -5.0% | -33.3% | ||
| Q1 25 | -1.6% | -0.2% | ||
| Q4 24 | -6.9% | -6.6% | ||
| Q3 24 | -11.5% | 6.9% | ||
| Q2 24 | -17.0% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -1.2% | 2.3% | ||
| Q3 25 | -3.7% | 4.0% | ||
| Q2 25 | -7.7% | -36.3% | ||
| Q1 25 | -4.5% | -0.7% | ||
| Q4 24 | -19.0% | -0.3% | ||
| Q3 24 | -14.6% | 5.1% | ||
| Q2 24 | -22.0% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $-0.02 | $0.20 | ||
| Q3 25 | $-0.12 | $0.48 | ||
| Q2 25 | $-0.24 | $-4.00 | ||
| Q1 25 | $-0.14 | $-0.08 | ||
| Q4 24 | $-0.58 | $-0.04 | ||
| Q3 24 | $-0.38 | $0.58 | ||
| Q2 24 | $-0.63 | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $145.8M | $1.2B |
| Total Assets | $1.2B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $95.7M | $197.0M | ||
| Q3 25 | $93.7M | $167.8M | ||
| Q2 25 | $106.3M | $157.2M | ||
| Q1 25 | $101.3M | $175.6M | ||
| Q4 24 | $76.0M | $159.8M | ||
| Q3 24 | $88.5M | $146.4M | ||
| Q2 24 | $111.2M | $119.9M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $145.8M | $1.2B | ||
| Q3 25 | $141.6M | $1.2B | ||
| Q2 25 | $169.6M | $1.2B | ||
| Q1 25 | $138.9M | $1.3B | ||
| Q4 24 | $127.0M | $1.3B | ||
| Q3 24 | $205.6M | $1.3B | ||
| Q2 24 | $213.6M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.3B | $1.5B |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $30.6M | $1.1M |
| FCF MarginFCF / Revenue | 10.5% | 0.5% |
| Capex IntensityCapex / Revenue | 4.0% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $98.0M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $42.2M | $46.9M | ||
| Q3 25 | $12.2M | $28.9M | ||
| Q2 25 | $32.2M | $13.7M | ||
| Q1 25 | $43.2M | $11.7M | ||
| Q4 24 | $2.4M | $33.7M | ||
| Q3 24 | $43.3M | $42.4M | ||
| Q2 24 | $19.9M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $30.6M | $42.2M | ||
| Q3 25 | $4.2M | $21.2M | ||
| Q2 25 | $27.5M | $5.6M | ||
| Q1 25 | $35.8M | $2.1M | ||
| Q4 24 | $-895.0K | $18.3M | ||
| Q3 24 | $37.1M | $25.2M | ||
| Q2 24 | $8.4M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 10.5% | 20.9% | ||
| Q3 25 | 1.5% | 9.8% | ||
| Q2 25 | 10.4% | 2.8% | ||
| Q1 25 | 14.4% | 1.1% | ||
| Q4 24 | -0.4% | 9.5% | ||
| Q3 24 | 16.3% | 12.0% | ||
| Q2 24 | 3.7% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 4.0% | 2.3% | ||
| Q3 25 | 2.9% | 3.6% | ||
| Q2 25 | 1.8% | 4.0% | ||
| Q1 25 | 3.0% | 5.0% | ||
| Q4 24 | 1.4% | 8.0% | ||
| Q3 24 | 2.7% | 8.2% | ||
| Q2 24 | 5.1% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
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% |
ROG
Segment breakdown not available.
