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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and CAMDEN NATIONAL CORP (CAC). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $64.3M, roughly 1.7× CAMDEN NATIONAL CORP). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs 5.1%, a 28.9% gap on every dollar of revenue. Over the past eight quarters, CAMDEN NATIONAL CORP's revenue compounded faster (22.6% CAGR vs 0.3%).
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.
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
AVNW vs CAC — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $64.3M |
| Net Profit | $5.7M | $21.9M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | — |
| Net Margin | 5.1% | 34.0% |
| Revenue YoY | -5.7% | — |
| Net Profit YoY | 27.2% | — |
| EPS (diluted) | $0.44 | $1.29 |
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 | — | $64.3M | ||
| Q4 25 | $111.5M | $68.1M | ||
| Q3 25 | $107.3M | $65.4M | ||
| Q2 25 | $115.3M | $62.3M | ||
| Q1 25 | $112.6M | $60.1M | ||
| Q4 24 | $118.2M | $47.6M | ||
| Q3 24 | $88.4M | $45.0M | ||
| Q2 24 | $116.7M | $42.8M |
| Q1 26 | — | $21.9M | ||
| Q4 25 | $5.7M | $22.6M | ||
| Q3 25 | $162.0K | $21.2M | ||
| Q2 25 | $5.2M | $14.1M | ||
| Q1 25 | $3.5M | $7.3M | ||
| Q4 24 | $4.5M | $14.7M | ||
| Q3 24 | $-11.9M | $13.1M | ||
| Q2 24 | $1.5M | $12.0M |
| Q1 26 | — | — | ||
| Q4 25 | 32.4% | — | ||
| Q3 25 | 33.2% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 34.9% | — | ||
| Q4 24 | 34.6% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 35.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 41.5% | ||
| Q3 25 | 4.8% | 40.5% | ||
| Q2 25 | 7.7% | 28.5% | ||
| Q1 25 | 8.3% | 10.3% | ||
| Q4 24 | 6.7% | 38.7% | ||
| Q3 24 | -17.6% | 35.2% | ||
| Q2 24 | 4.7% | 34.7% |
| Q1 26 | — | 34.0% | ||
| Q4 25 | 5.1% | 33.1% | ||
| Q3 25 | 0.2% | 32.4% | ||
| Q2 25 | 4.5% | 22.6% | ||
| Q1 25 | 3.1% | 12.2% | ||
| Q4 24 | 3.8% | 30.8% | ||
| Q3 24 | -13.4% | 29.1% | ||
| Q2 24 | 1.3% | 28.0% |
| Q1 26 | — | $1.29 | ||
| Q4 25 | $0.44 | $1.33 | ||
| Q3 25 | $0.01 | $1.25 | ||
| Q2 25 | $0.42 | $0.83 | ||
| Q1 25 | $0.27 | $0.43 | ||
| Q4 24 | $0.35 | $1.00 | ||
| Q3 24 | $-0.94 | $0.90 | ||
| Q2 24 | $0.11 | $0.81 |
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 | — |
| Total DebtLower is stronger | $105.4M | $514.4M |
| Stockholders' EquityBook value | $271.6M | $710.0M |
| Total Assets | $659.4M | $7.0B |
| Debt / EquityLower = less leverage | 0.39× | 0.72× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $86.5M | — | ||
| Q3 25 | $64.8M | — | ||
| Q2 25 | $59.7M | — | ||
| Q1 25 | $49.4M | — | ||
| Q4 24 | $52.6M | — | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $64.6M | — |
| Q1 26 | — | $514.4M | ||
| Q4 25 | $105.4M | — | ||
| Q3 25 | $106.5M | — | ||
| Q2 25 | $87.6M | — | ||
| Q1 25 | $73.9M | — | ||
| Q4 24 | $74.9M | — | ||
| Q3 24 | $83.4M | — | ||
| Q2 24 | $48.4M | — |
| Q1 26 | — | $710.0M | ||
| Q4 25 | $271.6M | $696.6M | ||
| Q3 25 | $263.6M | $676.4M | ||
| Q2 25 | $263.2M | $652.1M | ||
| Q1 25 | $256.1M | $640.1M | ||
| Q4 24 | $249.6M | $531.2M | ||
| Q3 24 | $247.1M | $529.9M | ||
| Q2 24 | $255.9M | $508.3M |
| Q1 26 | — | $7.0B | ||
| Q4 25 | $659.4M | $7.0B | ||
| Q3 25 | $643.3M | $7.0B | ||
| Q2 25 | $633.3M | $6.9B | ||
| Q1 25 | $628.3M | $7.0B | ||
| Q4 24 | $594.1M | $5.8B | ||
| Q3 24 | $590.9M | $5.7B | ||
| Q2 24 | $535.2M | $5.7B |
| Q1 26 | — | 0.72× | ||
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 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 | $23.9M | — |
| Free Cash FlowOCF − Capex | $22.5M | — |
| FCF MarginFCF / Revenue | 20.2% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 4.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $23.9M | $63.9M | ||
| Q3 25 | $-11.7M | $36.1M | ||
| Q2 25 | $10.5M | $6.0M | ||
| Q1 25 | $1.6M | $1.0M | ||
| Q4 24 | $20.8M | $60.9M | ||
| Q3 24 | $-27.2M | $-14.5M | ||
| Q2 24 | $8.3M | $14.5M |
| Q1 26 | — | — | ||
| Q4 25 | $22.5M | $58.2M | ||
| Q3 25 | $-13.5M | $35.4M | ||
| Q2 25 | $8.2M | $4.5M | ||
| Q1 25 | $-1.2M | $-727.0K | ||
| Q4 24 | $18.3M | $55.4M | ||
| Q3 24 | $-32.6M | $-16.2M | ||
| Q2 24 | $7.5M | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 85.5% | ||
| Q3 25 | -12.6% | 54.1% | ||
| Q2 25 | 7.1% | 7.3% | ||
| Q1 25 | -1.0% | -1.2% | ||
| Q4 24 | 15.5% | 116.4% | ||
| Q3 24 | -36.8% | -36.0% | ||
| Q2 24 | 6.4% | 30.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 8.4% | ||
| Q3 25 | 1.6% | 1.1% | ||
| Q2 25 | 2.0% | 2.4% | ||
| Q1 25 | 2.5% | 2.9% | ||
| Q4 24 | 2.1% | 11.7% | ||
| Q3 24 | 6.1% | 3.8% | ||
| Q2 24 | 0.7% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | 2.83× | ||
| Q3 25 | -72.48× | 1.70× | ||
| Q2 25 | 2.02× | 0.43× | ||
| Q1 25 | 0.46× | 0.14× | ||
| Q4 24 | 4.62× | 4.15× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | 5.37× | 1.21× |
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% |
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
