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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and CHIMERA INVESTMENT CORP (CIM). Click either name above to swap in a different company.

AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $66.2M, roughly 1.7× CHIMERA INVESTMENT CORP). CHIMERA INVESTMENT CORP runs the higher net margin — 42.8% vs 5.1%, a 37.7% gap on every dollar of revenue. On growth, CHIMERA INVESTMENT CORP posted the faster year-over-year revenue change (0.5% vs -5.7%). Over the past eight quarters, CHIMERA INVESTMENT CORP's revenue compounded faster (0.8% 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.

Chimera Investment Corp is a US-based real estate investment trust (REIT) primarily investing in residential mortgage-backed securities, residential and commercial mortgage loans, and other real estate-related financial assets. It delivers sustainable risk-adjusted returns for shareholders via regular dividend distributions from its investment portfolio.

AVNW vs CIM — Head-to-Head

Bigger by revenue
AVNW
AVNW
1.7× larger
AVNW
$111.5M
$66.2M
CIM
Growing faster (revenue YoY)
CIM
CIM
+6.2% gap
CIM
0.5%
-5.7%
AVNW
Higher net margin
CIM
CIM
37.7% more per $
CIM
42.8%
5.1%
AVNW
Faster 2-yr revenue CAGR
CIM
CIM
Annualised
CIM
0.8%
0.3%
AVNW

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AVNW
AVNW
CIM
CIM
Revenue
$111.5M
$66.2M
Net Profit
$5.7M
$28.3M
Gross Margin
32.4%
Operating Margin
6.5%
42.6%
Net Margin
5.1%
42.8%
Revenue YoY
-5.7%
0.5%
Net Profit YoY
27.2%
119.3%
EPS (diluted)
$0.44
$0.05

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.

Revenue
AVNW
AVNW
CIM
CIM
Q4 25
$111.5M
$66.2M
Q3 25
$107.3M
$65.0M
Q2 25
$115.3M
$66.0M
Q1 25
$112.6M
$69.2M
Q4 24
$118.2M
$65.8M
Q3 24
$88.4M
$66.5M
Q2 24
$116.7M
$67.3M
Q1 24
$110.8M
$65.1M
Net Profit
AVNW
AVNW
CIM
CIM
Q4 25
$5.7M
$28.3M
Q3 25
$162.0K
$-580.0K
Q2 25
$5.2M
$35.5M
Q1 25
$3.5M
$167.3M
Q4 24
$4.5M
$-146.5M
Q3 24
$-11.9M
$136.5M
Q2 24
$1.5M
$56.7M
Q1 24
$3.9M
$129.5M
Gross Margin
AVNW
AVNW
CIM
CIM
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%
Operating Margin
AVNW
AVNW
CIM
CIM
Q4 25
6.5%
42.6%
Q3 25
4.8%
-0.5%
Q2 25
7.7%
54.3%
Q1 25
8.3%
Q4 24
6.7%
-222.6%
Q3 24
-17.6%
Q2 24
4.7%
84.2%
Q1 24
5.1%
Net Margin
AVNW
AVNW
CIM
CIM
Q4 25
5.1%
42.8%
Q3 25
0.2%
-0.9%
Q2 25
4.5%
53.7%
Q1 25
3.1%
241.7%
Q4 24
3.8%
-222.6%
Q3 24
-13.4%
205.4%
Q2 24
1.3%
84.2%
Q1 24
3.5%
198.8%
EPS (diluted)
AVNW
AVNW
CIM
CIM
Q4 25
$0.44
$0.05
Q3 25
$0.01
$-0.27
Q2 25
$0.42
$0.17
Q1 25
$0.27
$1.77
Q4 24
$0.35
$-2.06
Q3 24
$-0.94
$1.39
Q2 24
$0.11
$0.41
Q1 24
$0.30
$1.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVNW
AVNW
CIM
CIM
Cash + ST InvestmentsLiquidity on hand
$86.5M
$278.6M
Total DebtLower is stronger
$105.4M
$251.5M
Stockholders' EquityBook value
$271.6M
$2.6B
Total Assets
$659.4M
$15.8B
Debt / EquityLower = less leverage
0.39×
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNW
AVNW
CIM
CIM
Q4 25
$86.5M
$278.6M
Q3 25
$64.8M
$491.5M
Q2 25
$59.7M
$250.2M
Q1 25
$49.4M
$253.3M
Q4 24
$52.6M
$84.0M
Q3 24
$51.0M
$97.3M
Q2 24
$64.6M
$162.3M
Q1 24
$59.2M
$169.0M
Total Debt
AVNW
AVNW
CIM
CIM
Q4 25
$105.4M
$251.5M
Q3 25
$106.5M
$251.0M
Q2 25
$87.6M
$135.2M
Q1 25
$73.9M
$134.9M
Q4 24
$74.9M
$134.6M
Q3 24
$83.4M
$134.4M
Q2 24
$48.4M
$62.4M
Q1 24
$48.9M
Stockholders' Equity
AVNW
AVNW
CIM
CIM
Q4 25
$271.6M
$2.6B
Q3 25
$263.6M
$2.6B
Q2 25
$263.2M
$2.6B
Q1 25
$256.1M
$2.6B
Q4 24
$249.6M
$2.5B
Q3 24
$247.1M
$2.7B
Q2 24
$255.9M
$2.6B
Q1 24
$256.0M
$2.6B
Total Assets
AVNW
AVNW
CIM
CIM
Q4 25
$659.4M
$15.8B
Q3 25
$643.3M
$15.1B
Q2 25
$633.3M
$14.9B
Q1 25
$628.3M
$13.2B
Q4 24
$594.1M
$13.1B
Q3 24
$590.9M
$13.7B
Q2 24
$535.2M
$13.1B
Q1 24
$490.3M
$12.5B
Debt / Equity
AVNW
AVNW
CIM
CIM
Q4 25
0.39×
0.10×
Q3 25
0.40×
0.10×
Q2 25
0.33×
0.05×
Q1 25
0.29×
0.05×
Q4 24
0.30×
0.05×
Q3 24
0.34×
0.05×
Q2 24
0.19×
0.02×
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
AVNW
AVNW
CIM
CIM
Operating Cash FlowLast quarter
$23.9M
$-248.9M
Free Cash FlowOCF − Capex
$22.5M
FCF MarginFCF / Revenue
20.2%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
4.18×
-8.78×
TTM Free Cash FlowTrailing 4 quarters
$16.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVNW
AVNW
CIM
CIM
Q4 25
$23.9M
$-248.9M
Q3 25
$-11.7M
$-137.5M
Q2 25
$10.5M
$-7.4M
Q1 25
$1.6M
$48.8M
Q4 24
$20.8M
$205.7M
Q3 24
$-27.2M
$41.4M
Q2 24
$8.3M
$69.0M
Q1 24
$15.3M
$57.3M
Free Cash Flow
AVNW
AVNW
CIM
CIM
Q4 25
$22.5M
Q3 25
$-13.5M
Q2 25
$8.2M
Q1 25
$-1.2M
Q4 24
$18.3M
Q3 24
$-32.6M
Q2 24
$7.5M
Q1 24
$14.8M
FCF Margin
AVNW
AVNW
CIM
CIM
Q4 25
20.2%
Q3 25
-12.6%
Q2 25
7.1%
Q1 25
-1.0%
Q4 24
15.5%
Q3 24
-36.8%
Q2 24
6.4%
Q1 24
13.4%
Capex Intensity
AVNW
AVNW
CIM
CIM
Q4 25
1.3%
Q3 25
1.6%
Q2 25
2.0%
Q1 25
2.5%
Q4 24
2.1%
Q3 24
6.1%
Q2 24
0.7%
Q1 24
0.4%
Cash Conversion
AVNW
AVNW
CIM
CIM
Q4 25
4.18×
-8.78×
Q3 25
-72.48×
Q2 25
2.02×
-0.21×
Q1 25
0.46×
0.29×
Q4 24
4.62×
Q3 24
0.30×
Q2 24
5.37×
1.22×
Q1 24
3.96×
0.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVNW
AVNW

Products$81.2M73%
Services$30.3M27%

CIM
CIM

Segment breakdown not available.

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