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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and CareTrust REIT, Inc. (CTRE). Click either name above to swap in a different company.
CareTrust REIT, Inc. is the larger business by last-quarter revenue ($134.9M vs $111.5M, roughly 1.2× AVIAT NETWORKS, INC.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs 5.1%, a 77.4% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs -5.7%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% 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.
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
AVNW vs CTRE — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $134.9M |
| Net Profit | $5.7M | $111.3M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | — |
| Net Margin | 5.1% | 82.5% |
| Revenue YoY | -5.7% | 55.1% |
| Net Profit YoY | 27.2% | 113.5% |
| EPS (diluted) | $0.44 | $0.52 |
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 | $134.9M | ||
| Q3 25 | $107.3M | $132.4M | ||
| Q2 25 | $115.3M | $112.5M | ||
| Q1 25 | $112.6M | $96.6M | ||
| Q4 24 | $118.2M | $86.9M | ||
| Q3 24 | $88.4M | $77.4M | ||
| Q2 24 | $116.7M | $68.9M | ||
| Q1 24 | $110.8M | $63.1M |
| Q4 25 | $5.7M | $111.3M | ||
| Q3 25 | $162.0K | $74.9M | ||
| Q2 25 | $5.2M | $68.5M | ||
| Q1 25 | $3.5M | $65.8M | ||
| Q4 24 | $4.5M | $52.1M | ||
| Q3 24 | $-11.9M | $33.4M | ||
| Q2 24 | $1.5M | $10.8M | ||
| Q1 24 | $3.9M | $28.7M |
| 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% | — | ||
| Q3 25 | 4.8% | 58.1% | ||
| Q2 25 | 7.7% | 61.3% | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 6.7% | — | ||
| Q3 24 | -17.6% | 43.0% | ||
| Q2 24 | 4.7% | 15.1% | ||
| Q1 24 | 5.1% | — |
| Q4 25 | 5.1% | 82.5% | ||
| Q3 25 | 0.2% | 56.6% | ||
| Q2 25 | 4.5% | 60.9% | ||
| Q1 25 | 3.1% | 68.1% | ||
| Q4 24 | 3.8% | 60.0% | ||
| Q3 24 | -13.4% | 43.2% | ||
| Q2 24 | 1.3% | 15.6% | ||
| Q1 24 | 3.5% | 45.6% |
| Q4 25 | $0.44 | $0.52 | ||
| Q3 25 | $0.01 | $0.35 | ||
| Q2 25 | $0.42 | $0.35 | ||
| Q1 25 | $0.27 | $0.35 | ||
| Q4 24 | $0.35 | $0.30 | ||
| Q3 24 | $-0.94 | $0.21 | ||
| Q2 24 | $0.11 | $0.07 | ||
| Q1 24 | $0.30 | $0.22 |
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 | $198.0M |
| Total DebtLower is stronger | $105.4M | $894.2M |
| Stockholders' EquityBook value | $271.6M | $4.0B |
| Total Assets | $659.4M | $5.1B |
| Debt / EquityLower = less leverage | 0.39× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $198.0M | ||
| Q3 25 | $64.8M | $712.5M | ||
| Q2 25 | $59.7M | $306.1M | ||
| Q1 25 | $49.4M | $26.5M | ||
| Q4 24 | $52.6M | $213.8M | ||
| Q3 24 | $51.0M | $377.1M | ||
| Q2 24 | $64.6M | $495.1M | ||
| Q1 24 | $59.2M | $451.2M |
| Q4 25 | $105.4M | $894.2M | ||
| Q3 25 | $106.5M | $893.8M | ||
| Q2 25 | $87.6M | $1.2B | ||
| Q1 25 | $73.9M | $822.1M | ||
| Q4 24 | $74.9M | $396.9M | ||
| Q3 24 | $83.4M | $396.7M | ||
| Q2 24 | $48.4M | $671.1M | ||
| Q1 24 | $48.9M | $595.9M |
| Q4 25 | $271.6M | $4.0B | ||
| Q3 25 | $263.6M | $4.0B | ||
| Q2 25 | $263.2M | $3.3B | ||
| Q1 25 | $256.1M | $2.9B | ||
| Q4 24 | $249.6M | $2.9B | ||
| Q3 24 | $247.1M | $2.4B | ||
| Q2 24 | $255.9M | $1.9B | ||
| Q1 24 | $256.0M | $1.7B |
| Q4 25 | $659.4M | $5.1B | ||
| Q3 25 | $643.3M | $5.1B | ||
| Q2 25 | $633.3M | $4.7B | ||
| Q1 25 | $628.3M | $3.9B | ||
| Q4 24 | $594.1M | $3.4B | ||
| Q3 24 | $590.9M | $2.9B | ||
| Q2 24 | $535.2M | $2.7B | ||
| Q1 24 | $490.3M | $2.3B |
| Q4 25 | 0.39× | 0.22× | ||
| Q3 25 | 0.40× | 0.22× | ||
| Q2 25 | 0.33× | 0.35× | ||
| Q1 25 | 0.29× | 0.28× | ||
| Q4 24 | 0.30× | 0.14× | ||
| Q3 24 | 0.34× | 0.16× | ||
| Q2 24 | 0.19× | 0.35× | ||
| Q1 24 | 0.19× | 0.36× |
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 | $394.0M |
| Free Cash FlowOCF − Capex | $22.5M | — |
| FCF MarginFCF / Revenue | 20.2% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 4.18× | 3.54× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $394.0M | ||
| Q3 25 | $-11.7M | $100.9M | ||
| Q2 25 | $10.5M | $100.8M | ||
| Q1 25 | $1.6M | $71.4M | ||
| Q4 24 | $20.8M | $244.3M | ||
| Q3 24 | $-27.2M | $67.2M | ||
| Q2 24 | $8.3M | $53.0M | ||
| Q1 24 | $15.3M | $48.8M |
| 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× | 3.54× | ||
| Q3 25 | -72.48× | 1.35× | ||
| Q2 25 | 2.02× | 1.47× | ||
| Q1 25 | 0.46× | 1.08× | ||
| Q4 24 | 4.62× | 4.68× | ||
| Q3 24 | — | 2.01× | ||
| Q2 24 | 5.37× | 4.92× | ||
| Q1 24 | 3.96× | 1.70× |
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% |
CTRE
Segment breakdown not available.
