vs
Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and DMC Global Inc. (BOOM). Click either name above to swap in a different company.
DMC Global Inc. is the larger business by last-quarter revenue ($143.5M vs $111.5M, roughly 1.3× AVIAT NETWORKS, INC.). AVIAT NETWORKS, INC. runs the higher net margin — 5.1% vs -7.8%, a 12.9% gap on every dollar of revenue. On growth, AVIAT NETWORKS, INC. posted the faster year-over-year revenue change (-5.7% vs -5.8%). AVIAT NETWORKS, INC. produced more free cash flow last quarter ($22.5M vs $9.6M). Over the past eight quarters, AVIAT NETWORKS, INC.'s revenue compounded faster (0.3% CAGR vs -7.3%).
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.
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
AVNW vs BOOM — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $143.5M |
| Net Profit | $5.7M | $-11.2M |
| Gross Margin | 32.4% | 17.1% |
| Operating Margin | 6.5% | -7.8% |
| Net Margin | 5.1% | -7.8% |
| Revenue YoY | -5.7% | -5.8% |
| Net Profit YoY | 27.2% | -3871.6% |
| EPS (diluted) | $0.44 | $-0.60 |
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 | $111.5M | $143.5M | ||
| Q3 25 | $107.3M | $151.5M | ||
| Q2 25 | $115.3M | $155.5M | ||
| Q1 25 | $112.6M | $159.3M | ||
| Q4 24 | $118.2M | $152.4M | ||
| Q3 24 | $88.4M | $152.4M | ||
| Q2 24 | $116.7M | $171.2M | ||
| Q1 24 | $110.8M | $166.9M |
| Q4 25 | $5.7M | $-11.2M | ||
| Q3 25 | $162.0K | $-3.1M | ||
| Q2 25 | $5.2M | $116.0K | ||
| Q1 25 | $3.5M | $677.0K | ||
| Q4 24 | $4.5M | $296.0K | ||
| Q3 24 | $-11.9M | $-101.3M | ||
| Q2 24 | $1.5M | $4.0M | ||
| Q1 24 | $3.9M | $2.6M |
| Q4 25 | 32.4% | 17.1% | ||
| Q3 25 | 33.2% | 21.7% | ||
| Q2 25 | 34.2% | 23.6% | ||
| Q1 25 | 34.9% | 25.9% | ||
| Q4 24 | 34.6% | 20.8% | ||
| Q3 24 | 22.4% | 19.8% | ||
| Q2 24 | 35.3% | 27.1% | ||
| Q1 24 | 32.5% | 25.4% |
| Q4 25 | 6.5% | -7.8% | ||
| Q3 25 | 4.8% | 0.4% | ||
| Q2 25 | 7.7% | 2.5% | ||
| Q1 25 | 8.3% | 4.1% | ||
| Q4 24 | 6.7% | -0.5% | ||
| Q3 24 | -17.6% | -97.7% | ||
| Q2 24 | 4.7% | 6.8% | ||
| Q1 24 | 5.1% | 4.0% |
| Q4 25 | 5.1% | -7.8% | ||
| Q3 25 | 0.2% | -2.0% | ||
| Q2 25 | 4.5% | 0.1% | ||
| Q1 25 | 3.1% | 0.4% | ||
| Q4 24 | 3.8% | 0.2% | ||
| Q3 24 | -13.4% | -66.5% | ||
| Q2 24 | 1.3% | 2.3% | ||
| Q1 24 | 3.5% | 1.5% |
| Q4 25 | $0.44 | $-0.60 | ||
| Q3 25 | $0.01 | $-0.10 | ||
| Q2 25 | $0.42 | $-0.24 | ||
| Q1 25 | $0.27 | $0.04 | ||
| Q4 24 | $0.35 | $-0.18 | ||
| Q3 24 | $-0.94 | $-8.27 | ||
| Q2 24 | $0.11 | $0.24 | ||
| Q1 24 | $0.30 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $86.5M | $31.9M |
| Total DebtLower is stronger | $105.4M | $50.6M |
| Stockholders' EquityBook value | $271.6M | $242.1M |
| Total Assets | $659.4M | $635.8M |
| Debt / EquityLower = less leverage | 0.39× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $31.9M | ||
| Q3 25 | $64.8M | $26.4M | ||
| Q2 25 | $59.7M | $12.4M | ||
| Q1 25 | $49.4M | $14.7M | ||
| Q4 24 | $52.6M | $14.3M | ||
| Q3 24 | $51.0M | $14.5M | ||
| Q2 24 | $64.6M | $14.6M | ||
| Q1 24 | $59.2M | $20.4M |
| Q4 25 | $105.4M | $50.6M | ||
| Q3 25 | $106.5M | $56.5M | ||
| Q2 25 | $87.6M | $58.7M | ||
| Q1 25 | $73.9M | $72.4M | ||
| Q4 24 | $74.9M | $70.8M | ||
| Q3 24 | $83.4M | $74.2M | ||
| Q2 24 | $48.4M | $84.1M | ||
| Q1 24 | $48.9M | $88.0M |
| Q4 25 | $271.6M | $242.1M | ||
| Q3 25 | $263.6M | $253.0M | ||
| Q2 25 | $263.2M | $253.9M | ||
| Q1 25 | $256.1M | $253.9M | ||
| Q4 24 | $249.6M | $251.0M | ||
| Q3 24 | $247.1M | $256.5M | ||
| Q2 24 | $255.9M | $416.0M | ||
| Q1 24 | $256.0M | $409.9M |
| Q4 25 | $659.4M | $635.8M | ||
| Q3 25 | $643.3M | $644.1M | ||
| Q2 25 | $633.3M | $645.0M | ||
| Q1 25 | $628.3M | $670.6M | ||
| Q4 24 | $594.1M | $671.3M | ||
| Q3 24 | $590.9M | $702.0M | ||
| Q2 24 | $535.2M | $869.5M | ||
| Q1 24 | $490.3M | $860.0M |
| Q4 25 | 0.39× | 0.21× | ||
| Q3 25 | 0.40× | 0.22× | ||
| Q2 25 | 0.33× | 0.23× | ||
| Q1 25 | 0.29× | 0.29× | ||
| Q4 24 | 0.30× | 0.28× | ||
| Q3 24 | 0.34× | 0.29× | ||
| Q2 24 | 0.19× | 0.20× | ||
| Q1 24 | 0.19× | 0.21× |
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 | $23.9M | $15.2M |
| Free Cash FlowOCF − Capex | $22.5M | $9.6M |
| FCF MarginFCF / Revenue | 20.2% | 6.7% |
| Capex IntensityCapex / Revenue | 1.3% | 3.9% |
| Cash ConversionOCF / Net Profit | 4.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $37.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $15.2M | ||
| Q3 25 | $-11.7M | $18.6M | ||
| Q2 25 | $10.5M | $15.2M | ||
| Q1 25 | $1.6M | $4.5M | ||
| Q4 24 | $20.8M | $11.8M | ||
| Q3 24 | $-27.2M | $19.0M | ||
| Q2 24 | $8.3M | $2.3M | ||
| Q1 24 | $15.3M | $13.4M |
| Q4 25 | $22.5M | $9.6M | ||
| Q3 25 | $-13.5M | $14.4M | ||
| Q2 25 | $8.2M | $12.3M | ||
| Q1 25 | $-1.2M | $709.0K | ||
| Q4 24 | $18.3M | $6.1M | ||
| Q3 24 | $-32.6M | $12.9M | ||
| Q2 24 | $7.5M | $-204.0K | ||
| Q1 24 | $14.8M | $10.5M |
| Q4 25 | 20.2% | 6.7% | ||
| Q3 25 | -12.6% | 9.5% | ||
| Q2 25 | 7.1% | 7.9% | ||
| Q1 25 | -1.0% | 0.4% | ||
| Q4 24 | 15.5% | 4.0% | ||
| Q3 24 | -36.8% | 8.5% | ||
| Q2 24 | 6.4% | -0.1% | ||
| Q1 24 | 13.4% | 6.3% |
| Q4 25 | 1.3% | 3.9% | ||
| Q3 25 | 1.6% | 2.8% | ||
| Q2 25 | 2.0% | 1.9% | ||
| Q1 25 | 2.5% | 2.4% | ||
| Q4 24 | 2.1% | 3.7% | ||
| Q3 24 | 6.1% | 4.0% | ||
| Q2 24 | 0.7% | 1.5% | ||
| Q1 24 | 0.4% | 1.8% |
| Q4 25 | 4.18× | — | ||
| Q3 25 | -72.48× | — | ||
| Q2 25 | 2.02× | 131.43× | ||
| Q1 25 | 0.46× | 6.63× | ||
| Q4 24 | 4.62× | 39.90× | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.37× | 0.58× | ||
| Q1 24 | 3.96× | 5.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
BOOM
| Dyna Energetics Segment | $68.9M | 48% |
| Other | $57.0M | 40% |
| Nobel Clad Segment | $17.7M | 12% |
