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Side-by-side financial comparison of ADTRAN Holdings, Inc. (ADTN) and Bio-Techne (TECH). Click either name above to swap in a different company.
Bio-Techne is the larger business by last-quarter revenue ($295.9M vs $291.6M, roughly 1.0× ADTRAN Holdings, Inc.). Bio-Techne runs the higher net margin — 12.8% vs -1.2%, a 14.1% gap on every dollar of revenue. On growth, ADTRAN Holdings, Inc. posted the faster year-over-year revenue change (20.1% vs -6.4%). Over the past eight quarters, ADTRAN Holdings, Inc.'s revenue compounded faster (13.5% CAGR vs 4.2%).
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.
Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.
ADTN vs TECH — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $291.6M | $295.9M |
| Net Profit | $-3.6M | $38.0M |
| Gross Margin | 39.0% | 64.6% |
| Operating Margin | 1.5% | 18.4% |
| Net Margin | -1.2% | 12.8% |
| Revenue YoY | 20.1% | -6.4% |
| Net Profit YoY | 92.2% | 68.3% |
| EPS (diluted) | $-0.02 | $0.24 |
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 | $295.9M | ||
| Q3 25 | $279.4M | — | ||
| Q2 25 | $265.1M | $317.0M | ||
| Q1 25 | $247.7M | $316.2M | ||
| Q4 24 | $242.9M | $297.0M | ||
| Q3 24 | $227.7M | $289.5M | ||
| Q2 24 | $226.0M | $306.1M | ||
| Q1 24 | $226.2M | $303.4M |
| Q4 25 | $-3.6M | $38.0M | ||
| Q3 25 | $-10.3M | — | ||
| Q2 25 | $-20.5M | $-17.7M | ||
| Q1 25 | $-11.3M | $22.6M | ||
| Q4 24 | $-46.1M | $34.9M | ||
| Q3 24 | $-33.3M | $33.6M | ||
| Q2 24 | $-49.7M | $40.6M | ||
| Q1 24 | $-330.8M | $49.1M |
| Q4 25 | 39.0% | 64.6% | ||
| Q3 25 | 38.3% | — | ||
| Q2 25 | 37.3% | 62.7% | ||
| Q1 25 | 38.4% | 67.9% | ||
| Q4 24 | 36.9% | 65.3% | ||
| Q3 24 | 36.5% | 63.2% | ||
| Q2 24 | 36.0% | 66.4% | ||
| Q1 24 | 31.1% | 67.4% |
| Q4 25 | 1.5% | 18.4% | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | -5.0% | -7.5% | ||
| Q1 25 | -1.6% | 12.2% | ||
| Q4 24 | -6.9% | 16.0% | ||
| Q3 24 | -11.5% | 13.8% | ||
| Q2 24 | -17.0% | 15.0% | ||
| Q1 24 | -153.1% | 22.1% |
| Q4 25 | -1.2% | 12.8% | ||
| Q3 25 | -3.7% | — | ||
| Q2 25 | -7.7% | -5.6% | ||
| Q1 25 | -4.5% | 7.1% | ||
| Q4 24 | -19.0% | 11.7% | ||
| Q3 24 | -14.6% | 11.6% | ||
| Q2 24 | -22.0% | 13.3% | ||
| Q1 24 | -146.2% | 16.2% |
| Q4 25 | $-0.02 | $0.24 | ||
| Q3 25 | $-0.12 | — | ||
| Q2 25 | $-0.24 | $-0.11 | ||
| Q1 25 | $-0.14 | $0.14 | ||
| Q4 24 | $-0.58 | $0.22 | ||
| Q3 24 | $-0.38 | $0.21 | ||
| Q2 24 | $-0.63 | $0.26 | ||
| Q1 24 | $-4.20 | $0.31 |
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 | $172.9M |
| Total DebtLower is stronger | — | $260.0M |
| Stockholders' EquityBook value | $145.8M | $2.0B |
| Total Assets | $1.2B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.7M | $172.9M | ||
| Q3 25 | $93.7M | — | ||
| Q2 25 | $106.3M | $162.2M | ||
| Q1 25 | $101.3M | $140.7M | ||
| Q4 24 | $76.0M | $177.5M | ||
| Q3 24 | $88.5M | $187.5M | ||
| Q2 24 | $111.2M | $152.9M | ||
| Q1 24 | $106.8M | $145.3M |
| Q4 25 | — | $260.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $346.0M | ||
| Q1 25 | — | $330.0M | ||
| Q4 24 | — | $300.0M | ||
| Q3 24 | — | $300.0M | ||
| Q2 24 | — | $319.0M | ||
| Q1 24 | — | $389.0M |
| Q4 25 | $145.8M | $2.0B | ||
| Q3 25 | $141.6M | — | ||
| Q2 25 | $169.6M | $1.9B | ||
| Q1 25 | $138.9M | $2.0B | ||
| Q4 24 | $127.0M | $2.1B | ||
| Q3 24 | $205.6M | $2.1B | ||
| Q2 24 | $213.6M | $2.1B | ||
| Q1 24 | $260.8M | $2.0B |
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | $1.3B | $2.7B | ||
| Q2 24 | $1.3B | $2.7B | ||
| Q1 24 | $1.3B | $2.7B |
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $42.2M | — |
| Free Cash FlowOCF − Capex | $30.6M | — |
| FCF MarginFCF / Revenue | 10.5% | — |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $98.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.2M | — | ||
| Q3 25 | $12.2M | — | ||
| Q2 25 | $32.2M | $98.2M | ||
| Q1 25 | $43.2M | $41.1M | ||
| Q4 24 | $2.4M | $84.3M | ||
| Q3 24 | $43.3M | $63.9M | ||
| Q2 24 | $19.9M | $75.5M | ||
| Q1 24 | $37.9M | $81.0M |
| Q4 25 | $30.6M | — | ||
| Q3 25 | $4.2M | — | ||
| Q2 25 | $27.5M | $93.3M | ||
| Q1 25 | $35.8M | $31.0M | ||
| Q4 24 | $-895.0K | $77.5M | ||
| Q3 24 | $37.1M | $54.7M | ||
| Q2 24 | $8.4M | $57.5M | ||
| Q1 24 | $24.4M | $64.5M |
| Q4 25 | 10.5% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 10.4% | 29.4% | ||
| Q1 25 | 14.4% | 9.8% | ||
| Q4 24 | -0.4% | 26.1% | ||
| Q3 24 | 16.3% | 18.9% | ||
| Q2 24 | 3.7% | 18.8% | ||
| Q1 24 | 10.8% | 21.3% |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 1.8% | 1.5% | ||
| Q1 25 | 3.0% | 3.2% | ||
| Q4 24 | 1.4% | 2.3% | ||
| Q3 24 | 2.7% | 3.2% | ||
| Q2 24 | 5.1% | 5.9% | ||
| Q1 24 | 6.0% | 5.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 2.42× | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.86× | ||
| Q1 24 | — | 1.65× |
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% |
TECH
| Diagnostics And Spatial Biology | $81.2M | 27% |
| EMEA Excluding UK | $75.4M | 25% |
| Other | $42.4M | 14% |
| Instruments | $29.6M | 10% |
| APAC Excluding Greater China | $22.7M | 8% |
| Services | $22.3M | 8% |
| GB | $13.7M | 5% |
| Royalty | $8.5M | 3% |
