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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and Chatham Lodging Trust (CLDT). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $67.7M, roughly 1.6× Chatham Lodging Trust). Chatham Lodging Trust runs the higher net margin — 6.8% vs 5.1%, a 1.7% gap on every dollar of revenue. On growth, AVIAT NETWORKS, INC. posted the faster year-over-year revenue change (-5.7% vs -9.8%). Over the past eight quarters, AVIAT NETWORKS, INC.'s revenue compounded faster (0.3% CAGR vs -0.5%).
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.
Chatham Lodging Trust is a publicly traded real estate investment trust that invests in, owns, and operates upscale extended-stay and select-service premium hotel properties primarily across high-demand urban and suburban markets in the United States. Its portfolio targets assets with strong occupancy rates and steady cash flow from business and leisure traveler segments.
AVNW vs CLDT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $67.7M |
| Net Profit | $5.7M | $4.6M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | 15.9% |
| Net Margin | 5.1% | 6.8% |
| Revenue YoY | -5.7% | -9.8% |
| Net Profit YoY | 27.2% | 369.9% |
| 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.
| Q4 25 | $111.5M | $67.7M | ||
| Q3 25 | $107.3M | $78.4M | ||
| Q2 25 | $115.3M | $80.3M | ||
| Q1 25 | $112.6M | $68.6M | ||
| Q4 24 | $118.2M | $75.1M | ||
| Q3 24 | $88.4M | $87.2M | ||
| Q2 24 | $116.7M | $86.5M | ||
| Q1 24 | $110.8M | $68.4M |
| Q4 25 | $5.7M | $4.6M | ||
| Q3 25 | $162.0K | $3.5M | ||
| Q2 25 | $5.2M | $5.4M | ||
| Q1 25 | $3.5M | $1.5M | ||
| Q4 24 | $4.5M | $-1.7M | ||
| Q3 24 | $-11.9M | $4.3M | ||
| Q2 24 | $1.5M | $6.8M | ||
| Q1 24 | $3.9M | $-5.2M |
| Q4 25 | 32.4% | — | ||
| Q3 25 | 33.2% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 34.9% | — | ||
| Q4 24 | 34.6% | 40.7% | ||
| Q3 24 | 22.4% | 44.7% | ||
| Q2 24 | 35.3% | 46.1% | ||
| Q1 24 | 32.5% | 38.9% |
| Q4 25 | 6.5% | 15.9% | ||
| Q3 25 | 4.8% | 12.7% | ||
| Q2 25 | 7.7% | 14.8% | ||
| Q1 25 | 8.3% | 12.1% | ||
| Q4 24 | 6.7% | 7.5% | ||
| Q3 24 | -17.6% | 14.3% | ||
| Q2 24 | 4.7% | 16.3% | ||
| Q1 24 | 5.1% | 1.4% |
| Q4 25 | 5.1% | 6.8% | ||
| Q3 25 | 0.2% | 4.5% | ||
| Q2 25 | 4.5% | 6.7% | ||
| Q1 25 | 3.1% | 2.2% | ||
| Q4 24 | 3.8% | -2.3% | ||
| Q3 24 | -13.4% | 4.9% | ||
| Q2 24 | 1.3% | 7.9% | ||
| Q1 24 | 3.5% | -7.6% |
| Q4 25 | $0.44 | $0.05 | ||
| Q3 25 | $0.01 | $0.03 | ||
| Q2 25 | $0.42 | $0.07 | ||
| Q1 25 | $0.27 | $-0.01 | ||
| Q4 24 | $0.35 | $-0.08 | ||
| Q3 24 | $-0.94 | $0.05 | ||
| Q2 24 | $0.11 | $0.10 | ||
| Q1 24 | $0.30 | $-0.15 |
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 | $24.4M |
| Total DebtLower is stronger | $105.4M | $338.9M |
| Stockholders' EquityBook value | $271.6M | $740.8M |
| Total Assets | $659.4M | $1.2B |
| Debt / EquityLower = less leverage | 0.39× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $24.4M | ||
| Q3 25 | $64.8M | $13.2M | ||
| Q2 25 | $59.7M | $17.2M | ||
| Q1 25 | $49.4M | $18.6M | ||
| Q4 24 | $52.6M | $20.2M | ||
| Q3 24 | $51.0M | $19.3M | ||
| Q2 24 | $64.6M | $10.6M | ||
| Q1 24 | $59.2M | $72.3M |
| Q4 25 | $105.4M | $338.9M | ||
| Q3 25 | $106.5M | $338.8M | ||
| Q2 25 | $87.6M | $351.2M | ||
| Q1 25 | $73.9M | $381.1M | ||
| Q4 24 | $74.9M | $406.9M | ||
| Q3 24 | $83.4M | — | ||
| Q2 24 | $48.4M | — | ||
| Q1 24 | $48.9M | — |
| Q4 25 | $271.6M | $740.8M | ||
| Q3 25 | $263.6M | $749.4M | ||
| Q2 25 | $263.2M | $754.1M | ||
| Q1 25 | $256.1M | $754.7M | ||
| Q4 24 | $249.6M | $758.2M | ||
| Q3 24 | $247.1M | $765.3M | ||
| Q2 24 | $255.9M | $766.5M | ||
| Q1 24 | $256.0M | $765.0M |
| Q4 25 | $659.4M | $1.2B | ||
| Q3 25 | $643.3M | $1.2B | ||
| Q2 25 | $633.3M | $1.2B | ||
| Q1 25 | $628.3M | $1.2B | ||
| Q4 24 | $594.1M | $1.3B | ||
| Q3 24 | $590.9M | $1.3B | ||
| Q2 24 | $535.2M | $1.3B | ||
| Q1 24 | $490.3M | $1.3B |
| Q4 25 | 0.39× | 0.46× | ||
| Q3 25 | 0.40× | 0.45× | ||
| Q2 25 | 0.33× | 0.47× | ||
| Q1 25 | 0.29× | 0.50× | ||
| Q4 24 | 0.30× | 0.54× | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.19× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $23.9M | $64.1M |
| Free Cash FlowOCF − Capex | $22.5M | — |
| FCF MarginFCF / Revenue | 20.2% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 4.18× | 13.90× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $64.1M | ||
| Q3 25 | $-11.7M | $25.6M | ||
| Q2 25 | $10.5M | $22.1M | ||
| Q1 25 | $1.6M | $4.2M | ||
| Q4 24 | $20.8M | $73.8M | ||
| Q3 24 | $-27.2M | $28.8M | ||
| Q2 24 | $8.3M | $25.2M | ||
| Q1 24 | $15.3M | $6.9M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 4.18× | 13.90× | ||
| Q3 25 | -72.48× | 7.24× | ||
| Q2 25 | 2.02× | 4.10× | ||
| Q1 25 | 0.46× | 2.73× | ||
| Q4 24 | 4.62× | — | ||
| Q3 24 | — | 6.78× | ||
| Q2 24 | 5.37× | 3.68× | ||
| Q1 24 | 3.96× | — |
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% |
CLDT
| Occupancy | $61.5M | 91% |
| Hotel Other | $4.2M | 6% |
| Food And Beverage | $1.8M | 3% |
| Hotel | $1.1M | 2% |
