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Side-by-side financial comparison of ADTRAN Holdings, Inc. (ADTN) and WESBANCO INC (WSBC). Click either name above to swap in a different company.
ADTRAN Holdings, Inc. is the larger business by last-quarter revenue ($291.6M vs $257.2M, roughly 1.1× WESBANCO INC). WESBANCO INC runs the higher net margin — 34.5% vs -1.2%, a 35.7% gap on every dollar of revenue. Over the past eight quarters, WESBANCO INC's revenue compounded faster (31.9% CAGR vs 13.5%).
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.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
ADTN vs WSBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $291.6M | $257.2M |
| Net Profit | $-3.6M | $88.6M |
| Gross Margin | 39.0% | — |
| Operating Margin | 1.5% | — |
| Net Margin | -1.2% | 34.5% |
| Revenue YoY | 20.1% | — |
| Net Profit YoY | 92.2% | 54.4% |
| EPS (diluted) | $-0.02 | $0.88 |
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 | — | $257.2M | ||
| Q4 25 | $291.6M | $265.6M | ||
| Q3 25 | $279.4M | $261.6M | ||
| Q2 25 | $265.1M | $260.7M | ||
| Q1 25 | $247.7M | $193.2M | ||
| Q4 24 | $242.9M | $162.9M | ||
| Q3 24 | $227.7M | $150.8M | ||
| Q2 24 | $226.0M | $147.9M |
| Q1 26 | — | $88.6M | ||
| Q4 25 | $-3.6M | $91.1M | ||
| Q3 25 | $-10.3M | $83.6M | ||
| Q2 25 | $-20.5M | $57.4M | ||
| Q1 25 | $-11.3M | $-9.0M | ||
| Q4 24 | $-46.1M | $49.6M | ||
| Q3 24 | $-33.3M | $37.3M | ||
| Q2 24 | $-49.7M | $28.9M |
| Q1 26 | — | — | ||
| Q4 25 | 39.0% | — | ||
| Q3 25 | 38.3% | — | ||
| Q2 25 | 37.3% | — | ||
| Q1 25 | 38.4% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 36.5% | — | ||
| Q2 24 | 36.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 43.2% | ||
| Q3 25 | -1.0% | 39.5% | ||
| Q2 25 | -5.0% | 27.2% | ||
| Q1 25 | -1.6% | -5.0% | ||
| Q4 24 | -6.9% | 38.0% | ||
| Q3 24 | -11.5% | 29.7% | ||
| Q2 24 | -17.0% | 23.7% |
| Q1 26 | — | 34.5% | ||
| Q4 25 | -1.2% | 34.3% | ||
| Q3 25 | -3.7% | 31.9% | ||
| Q2 25 | -7.7% | 22.0% | ||
| Q1 25 | -4.5% | -4.7% | ||
| Q4 24 | -19.0% | 30.5% | ||
| Q3 24 | -14.6% | 24.7% | ||
| Q2 24 | -22.0% | 19.5% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $-0.02 | $0.97 | ||
| Q3 25 | $-0.12 | $0.84 | ||
| Q2 25 | $-0.24 | $0.57 | ||
| Q1 25 | $-0.14 | $-0.15 | ||
| Q4 24 | $-0.58 | $0.72 | ||
| Q3 24 | $-0.38 | $0.54 | ||
| 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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $145.8M | $4.1B |
| Total Assets | $1.2B | $27.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $95.7M | $956.1M | ||
| Q3 25 | $93.7M | $1.0B | ||
| Q2 25 | $106.3M | $1.2B | ||
| Q1 25 | $101.3M | $1.1B | ||
| Q4 24 | $76.0M | $568.1M | ||
| Q3 24 | $88.5M | $620.9M | ||
| Q2 24 | $111.2M | $486.8M |
| Q1 26 | — | $4.1B | ||
| Q4 25 | $145.8M | $4.0B | ||
| Q3 25 | $141.6M | $4.1B | ||
| Q2 25 | $169.6M | $3.8B | ||
| Q1 25 | $138.9M | $3.8B | ||
| Q4 24 | $127.0M | $2.8B | ||
| Q3 24 | $205.6M | $2.8B | ||
| Q2 24 | $213.6M | $2.5B |
| Q1 26 | — | $27.5B | ||
| Q4 25 | $1.2B | $27.7B | ||
| Q3 25 | $1.2B | $27.5B | ||
| Q2 25 | $1.2B | $27.6B | ||
| Q1 25 | $1.2B | $27.4B | ||
| Q4 24 | $1.2B | $18.7B | ||
| Q3 24 | $1.3B | $18.5B | ||
| Q2 24 | $1.3B | $18.1B |
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.
| Q1 26 | — | — | ||
| Q4 25 | $42.2M | $290.4M | ||
| Q3 25 | $12.2M | $116.9M | ||
| Q2 25 | $32.2M | $105.0M | ||
| Q1 25 | $43.2M | $-26.4M | ||
| Q4 24 | $2.4M | $211.0M | ||
| Q3 24 | $43.3M | $60.7M | ||
| Q2 24 | $19.9M | $18.2M |
| Q1 26 | — | — | ||
| Q4 25 | $30.6M | $280.0M | ||
| Q3 25 | $4.2M | $114.9M | ||
| Q2 25 | $27.5M | $98.3M | ||
| Q1 25 | $35.8M | $-30.7M | ||
| Q4 24 | $-895.0K | $200.7M | ||
| Q3 24 | $37.1M | $56.9M | ||
| Q2 24 | $8.4M | $17.3M |
| Q1 26 | — | — | ||
| Q4 25 | 10.5% | 105.4% | ||
| Q3 25 | 1.5% | 43.9% | ||
| Q2 25 | 10.4% | 37.7% | ||
| Q1 25 | 14.4% | -15.9% | ||
| Q4 24 | -0.4% | 123.2% | ||
| Q3 24 | 16.3% | 37.7% | ||
| Q2 24 | 3.7% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 3.9% | ||
| Q3 25 | 2.9% | 0.8% | ||
| Q2 25 | 1.8% | 2.6% | ||
| Q1 25 | 3.0% | 2.2% | ||
| Q4 24 | 1.4% | 6.3% | ||
| Q3 24 | 2.7% | 2.5% | ||
| Q2 24 | 5.1% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.19× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.25× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 0.63× |
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% |
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
