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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and EQUITY BANCSHARES INC (EQBK). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $63.5M, roughly 1.8× EQUITY BANCSHARES INC). EQUITY BANCSHARES INC runs the higher net margin — 34.8% vs 5.1%, a 29.6% gap on every dollar of revenue. On growth, EQUITY BANCSHARES INC posted the faster year-over-year revenue change (28.4% vs -5.7%). EQUITY BANCSHARES INC produced more free cash flow last quarter ($38.1M vs $22.5M). Over the past eight quarters, EQUITY BANCSHARES INC's revenue compounded faster (6.6% 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.
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...
AVNW vs EQBK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $63.5M |
| Net Profit | $5.7M | $22.1M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | 41.7% |
| Net Margin | 5.1% | 34.8% |
| Revenue YoY | -5.7% | 28.4% |
| Net Profit YoY | 27.2% | 30.0% |
| EPS (diluted) | $0.44 | $1.07 |
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 | $63.5M | ||
| Q3 25 | $107.3M | $18.0M | ||
| Q2 25 | $115.3M | $58.4M | ||
| Q1 25 | $112.6M | $60.6M | ||
| Q4 24 | $118.2M | $58.3M | ||
| Q3 24 | $88.4M | $55.3M | ||
| Q2 24 | $116.7M | $55.4M | ||
| Q1 24 | $110.8M | $55.9M |
| Q4 25 | $5.7M | $22.1M | ||
| Q3 25 | $162.0K | $-29.7M | ||
| Q2 25 | $5.2M | $15.3M | ||
| Q1 25 | $3.5M | $15.0M | ||
| Q4 24 | $4.5M | $17.0M | ||
| Q3 24 | $-11.9M | $19.9M | ||
| Q2 24 | $1.5M | $11.7M | ||
| Q1 24 | $3.9M | $14.1M |
| 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% | 41.7% | ||
| Q3 25 | 4.8% | -207.2% | ||
| Q2 25 | 7.7% | 31.5% | ||
| Q1 25 | 8.3% | 31.1% | ||
| Q4 24 | 6.7% | 35.0% | ||
| Q3 24 | -17.6% | 43.1% | ||
| Q2 24 | 4.7% | 29.4% | ||
| Q1 24 | 5.1% | 31.8% |
| Q4 25 | 5.1% | 34.8% | ||
| Q3 25 | 0.2% | -164.7% | ||
| Q2 25 | 4.5% | 26.1% | ||
| Q1 25 | 3.1% | 24.8% | ||
| Q4 24 | 3.8% | 29.1% | ||
| Q3 24 | -13.4% | 35.9% | ||
| Q2 24 | 1.3% | 21.1% | ||
| Q1 24 | 3.5% | 25.2% |
| Q4 25 | $0.44 | $1.07 | ||
| Q3 25 | $0.01 | $-1.55 | ||
| Q2 25 | $0.42 | $0.86 | ||
| Q1 25 | $0.27 | $0.85 | ||
| Q4 24 | $0.35 | $1.06 | ||
| Q3 24 | $-0.94 | $1.28 | ||
| Q2 24 | $0.11 | $0.76 | ||
| Q1 24 | $0.30 | $0.90 |
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 | $443.2M |
| Stockholders' EquityBook value | $271.6M | $732.1M |
| Total Assets | $659.4M | $6.4B |
| Debt / EquityLower = less leverage | 0.39× | 0.61× |
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 | $443.2M | ||
| Q3 25 | $106.5M | $486.9M | ||
| Q2 25 | $87.6M | $448.4M | ||
| Q1 25 | $73.9M | $376.9M | ||
| Q4 24 | $74.9M | $312.8M | ||
| Q3 24 | $83.4M | $437.5M | ||
| Q2 24 | $48.4M | $391.7M | ||
| Q1 24 | $48.9M | $367.1M |
| Q4 25 | $271.6M | $732.1M | ||
| Q3 25 | $263.6M | $711.9M | ||
| Q2 25 | $263.2M | $635.6M | ||
| Q1 25 | $256.1M | $617.3M | ||
| Q4 24 | $249.6M | $592.9M | ||
| Q3 24 | $247.1M | $504.0M | ||
| Q2 24 | $255.9M | $461.4M | ||
| Q1 24 | $256.0M | $456.8M |
| Q4 25 | $659.4M | $6.4B | ||
| Q3 25 | $643.3M | $6.4B | ||
| Q2 25 | $633.3M | $5.4B | ||
| Q1 25 | $628.3M | $5.4B | ||
| Q4 24 | $594.1M | $5.3B | ||
| Q3 24 | $590.9M | $5.4B | ||
| Q2 24 | $535.2M | $5.2B | ||
| Q1 24 | $490.3M | $5.2B |
| Q4 25 | 0.39× | 0.61× | ||
| Q3 25 | 0.40× | 0.68× | ||
| Q2 25 | 0.33× | 0.71× | ||
| Q1 25 | 0.29× | 0.61× | ||
| Q4 24 | 0.30× | 0.53× | ||
| Q3 24 | 0.34× | 0.87× | ||
| Q2 24 | 0.19× | 0.85× | ||
| Q1 24 | 0.19× | 0.80× |
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 | $51.4M |
| Free Cash FlowOCF − Capex | $22.5M | $38.1M |
| FCF MarginFCF / Revenue | 20.2% | 60.0% |
| Capex IntensityCapex / Revenue | 1.3% | 20.9% |
| Cash ConversionOCF / Net Profit | 4.18× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $88.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $51.4M | ||
| Q3 25 | $-11.7M | $8.5M | ||
| Q2 25 | $10.5M | $28.3M | ||
| Q1 25 | $1.6M | $21.7M | ||
| Q4 24 | $20.8M | $73.8M | ||
| Q3 24 | $-27.2M | $23.5M | ||
| Q2 24 | $8.3M | $16.0M | ||
| Q1 24 | $15.3M | $12.6M |
| Q4 25 | $22.5M | $38.1M | ||
| Q3 25 | $-13.5M | $4.5M | ||
| Q2 25 | $8.2M | $26.0M | ||
| Q1 25 | $-1.2M | $20.2M | ||
| Q4 24 | $18.3M | $65.4M | ||
| Q3 24 | $-32.6M | $19.7M | ||
| Q2 24 | $7.5M | $15.2M | ||
| Q1 24 | $14.8M | $10.6M |
| Q4 25 | 20.2% | 60.0% | ||
| Q3 25 | -12.6% | 24.7% | ||
| Q2 25 | 7.1% | 44.5% | ||
| Q1 25 | -1.0% | 33.3% | ||
| Q4 24 | 15.5% | 112.1% | ||
| Q3 24 | -36.8% | 35.6% | ||
| Q2 24 | 6.4% | 27.4% | ||
| Q1 24 | 13.4% | 19.0% |
| Q4 25 | 1.3% | 20.9% | ||
| Q3 25 | 1.6% | 22.3% | ||
| Q2 25 | 2.0% | 3.9% | ||
| Q1 25 | 2.5% | 2.4% | ||
| Q4 24 | 2.1% | 14.6% | ||
| Q3 24 | 6.1% | 6.8% | ||
| Q2 24 | 0.7% | 1.5% | ||
| Q1 24 | 0.4% | 3.6% |
| Q4 25 | 4.18× | 2.33× | ||
| Q3 25 | -72.48× | — | ||
| Q2 25 | 2.02× | 1.85× | ||
| Q1 25 | 0.46× | 1.44× | ||
| Q4 24 | 4.62× | 4.35× | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | 5.37× | 1.37× | ||
| Q1 24 | 3.96× | 0.90× |
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% |
EQBK
Segment breakdown not available.
