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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and CATHAY GENERAL BANCORP (CATY). Click either name above to swap in a different company.
CATHAY GENERAL BANCORP is the larger business by last-quarter revenue ($222.8M vs $111.5M, roughly 2.0× AVIAT NETWORKS, INC.). CATHAY GENERAL BANCORP runs the higher net margin — 653.4% vs 5.1%, a 648.3% gap on every dollar of revenue. On growth, CATHAY GENERAL BANCORP posted the faster year-over-year revenue change (19.5% vs -5.7%). CATHAY GENERAL BANCORP produced more free cash flow last quarter ($363.7M vs $22.5M). Over the past eight quarters, CATHAY GENERAL BANCORP's revenue compounded faster (12.8% 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.
Cathay General Bancorp is a U.S.-headquartered bank holding company that operates Cathay Bank, offering full-spectrum commercial and personal banking services. It primarily serves Asian American communities and small-to-medium enterprises across major U.S. states including California, New York and Texas, as well as select Asian markets, with products covering deposits, loans, and wealth management solutions.
AVNW vs CATY — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $222.8M |
| Net Profit | $5.7M | $90.5M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | 50.9% |
| Net Margin | 5.1% | 653.4% |
| Revenue YoY | -5.7% | 19.5% |
| Net Profit YoY | 27.2% | 12.9% |
| EPS (diluted) | $0.44 | $1.33 |
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 | $222.8M | ||
| Q3 25 | $107.3M | $210.6M | ||
| Q2 25 | $115.3M | $196.6M | ||
| Q1 25 | $112.6M | $187.8M | ||
| Q4 24 | $118.2M | $186.5M | ||
| Q3 24 | $88.4M | $189.5M | ||
| Q2 24 | $116.7M | $178.5M | ||
| Q1 24 | $110.8M | $175.2M |
| Q4 25 | $5.7M | $90.5M | ||
| Q3 25 | $162.0K | $77.7M | ||
| Q2 25 | $5.2M | $77.5M | ||
| Q1 25 | $3.5M | $69.5M | ||
| Q4 24 | $4.5M | $80.2M | ||
| Q3 24 | $-11.9M | $67.5M | ||
| Q2 24 | $1.5M | $66.8M | ||
| Q1 24 | $3.9M | $71.4M |
| 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 24 | 32.5% | — |
| Q4 25 | 6.5% | 50.9% | ||
| Q3 25 | 4.8% | 44.5% | ||
| Q2 25 | 7.7% | 49.0% | ||
| Q1 25 | 8.3% | 46.1% | ||
| Q4 24 | 6.7% | 46.5% | ||
| Q3 24 | -17.6% | 41.2% | ||
| Q2 24 | 4.7% | 40.7% | ||
| Q1 24 | 5.1% | 45.7% |
| Q4 25 | 5.1% | 653.4% | ||
| Q3 25 | 0.2% | 36.9% | ||
| Q2 25 | 4.5% | 39.4% | ||
| Q1 25 | 3.1% | 37.0% | ||
| Q4 24 | 3.8% | 587.9% | ||
| Q3 24 | -13.4% | 35.6% | ||
| Q2 24 | 1.3% | 37.4% | ||
| Q1 24 | 3.5% | 40.8% |
| Q4 25 | $0.44 | $1.33 | ||
| Q3 25 | $0.01 | $1.13 | ||
| Q2 25 | $0.42 | $1.10 | ||
| Q1 25 | $0.27 | $0.98 | ||
| Q4 24 | $0.35 | $1.11 | ||
| Q3 24 | $-0.94 | $0.94 | ||
| Q2 24 | $0.11 | $0.92 | ||
| Q1 24 | $0.30 | $0.98 |
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 | $119.1M |
| Stockholders' EquityBook value | $271.6M | $2.9B |
| Total Assets | $659.4M | $24.2B |
| Debt / EquityLower = less leverage | 0.39× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $59.2M | — |
| Q4 25 | $105.4M | $119.1M | ||
| Q3 25 | $106.5M | $119.1M | ||
| Q2 25 | $87.6M | $119.1M | ||
| Q1 25 | $73.9M | $119.1M | ||
| Q4 24 | $74.9M | $119.1M | ||
| Q3 24 | $83.4M | $119.1M | ||
| Q2 24 | $48.4M | $119.1M | ||
| Q1 24 | $48.9M | $119.1M |
| Q4 25 | $271.6M | $2.9B | ||
| Q3 25 | $263.6M | $2.9B | ||
| Q2 25 | $263.2M | $2.9B | ||
| Q1 25 | $256.1M | $2.9B | ||
| Q4 24 | $249.6M | $2.8B | ||
| Q3 24 | $247.1M | $2.8B | ||
| Q2 24 | $255.9M | $2.8B | ||
| Q1 24 | $256.0M | $2.8B |
| Q4 25 | $659.4M | $24.2B | ||
| Q3 25 | $643.3M | $24.1B | ||
| Q2 25 | $633.3M | $23.7B | ||
| Q1 25 | $628.3M | $23.2B | ||
| Q4 24 | $594.1M | $23.1B | ||
| Q3 24 | $590.9M | $23.3B | ||
| Q2 24 | $535.2M | $23.2B | ||
| Q1 24 | $490.3M | $23.4B |
| Q4 25 | 0.39× | 0.04× | ||
| Q3 25 | 0.40× | 0.04× | ||
| Q2 25 | 0.33× | 0.04× | ||
| Q1 25 | 0.29× | 0.04× | ||
| Q4 24 | 0.30× | 0.04× | ||
| Q3 24 | 0.34× | 0.04× | ||
| Q2 24 | 0.19× | 0.04× | ||
| Q1 24 | 0.19× | 0.04× |
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 | $368.6M |
| Free Cash FlowOCF − Capex | $22.5M | $363.7M |
| FCF MarginFCF / Revenue | 20.2% | 163.2% |
| Capex IntensityCapex / Revenue | 1.3% | 2.2% |
| Cash ConversionOCF / Net Profit | 4.18× | 4.07× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $672.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $368.6M | ||
| Q3 25 | $-11.7M | $150.6M | ||
| Q2 25 | $10.5M | $64.0M | ||
| Q1 25 | $1.6M | $99.0M | ||
| Q4 24 | $20.8M | $329.2M | ||
| Q3 24 | $-27.2M | $81.2M | ||
| Q2 24 | $8.3M | $72.9M | ||
| Q1 24 | $15.3M | $88.2M |
| Q4 25 | $22.5M | $363.7M | ||
| Q3 25 | $-13.5M | $150.1M | ||
| Q2 25 | $8.2M | $62.7M | ||
| Q1 25 | $-1.2M | $96.3M | ||
| Q4 24 | $18.3M | $325.5M | ||
| Q3 24 | $-32.6M | $80.0M | ||
| Q2 24 | $7.5M | $72.4M | ||
| Q1 24 | $14.8M | $87.3M |
| Q4 25 | 20.2% | 163.2% | ||
| Q3 25 | -12.6% | 71.3% | ||
| Q2 25 | 7.1% | 31.9% | ||
| Q1 25 | -1.0% | 51.2% | ||
| Q4 24 | 15.5% | 174.6% | ||
| Q3 24 | -36.8% | 42.2% | ||
| Q2 24 | 6.4% | 40.5% | ||
| Q1 24 | 13.4% | 49.8% |
| Q4 25 | 1.3% | 2.2% | ||
| Q3 25 | 1.6% | 0.2% | ||
| Q2 25 | 2.0% | 0.6% | ||
| Q1 25 | 2.5% | 1.4% | ||
| Q4 24 | 2.1% | 1.9% | ||
| Q3 24 | 6.1% | 0.6% | ||
| Q2 24 | 0.7% | 0.3% | ||
| Q1 24 | 0.4% | 0.5% |
| Q4 25 | 4.18× | 4.07× | ||
| Q3 25 | -72.48× | 1.94× | ||
| Q2 25 | 2.02× | 0.83× | ||
| Q1 25 | 0.46× | 1.42× | ||
| Q4 24 | 4.62× | 4.10× | ||
| Q3 24 | — | 1.20× | ||
| Q2 24 | 5.37× | 1.09× | ||
| Q1 24 | 3.96× | 1.23× |
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% |
CATY
Segment breakdown not available.
