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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and FIRSTSUN CAPITAL BANCORP (FSUN). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $110.0M, roughly 1.0× FIRSTSUN CAPITAL BANCORP). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs 5.1%, a 14.5% gap on every dollar of revenue. Over the past eight quarters, FIRSTSUN CAPITAL BANCORP's revenue compounded faster (6.9% 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.
FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.
AVNW vs FSUN — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $110.0M |
| Net Profit | $5.7M | $21.6M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | — |
| Net Margin | 5.1% | 19.6% |
| Revenue YoY | -5.7% | — |
| Net Profit YoY | 27.2% | -8.4% |
| EPS (diluted) | $0.44 | $0.76 |
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.
| Q1 26 | — | $110.0M | ||
| Q4 25 | $111.5M | $110.2M | ||
| Q3 25 | $107.3M | $107.3M | ||
| Q2 25 | $115.3M | $105.6M | ||
| Q1 25 | $112.6M | $96.2M | ||
| Q4 24 | $118.2M | $98.7M | ||
| Q3 24 | $88.4M | $98.2M | ||
| Q2 24 | $116.7M | $96.2M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $5.7M | $24.8M | ||
| Q3 25 | $162.0K | $23.2M | ||
| Q2 25 | $5.2M | $26.4M | ||
| Q1 25 | $3.5M | $23.6M | ||
| Q4 24 | $4.5M | $16.4M | ||
| Q3 24 | $-11.9M | $22.4M | ||
| Q2 24 | $1.5M | $24.6M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 6.5% | 29.0% | ||
| Q3 25 | 4.8% | 26.4% | ||
| Q2 25 | 7.7% | 31.2% | ||
| Q1 25 | 8.3% | 30.9% | ||
| Q4 24 | 6.7% | 20.4% | ||
| Q3 24 | -17.6% | 29.1% | ||
| Q2 24 | 4.7% | 32.3% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | 5.1% | 22.5% | ||
| Q3 25 | 0.2% | 21.6% | ||
| Q2 25 | 4.5% | 25.0% | ||
| Q1 25 | 3.1% | 24.5% | ||
| Q4 24 | 3.8% | 16.6% | ||
| Q3 24 | -13.4% | 22.8% | ||
| Q2 24 | 1.3% | 25.5% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.44 | $0.89 | ||
| Q3 25 | $0.01 | $0.82 | ||
| Q2 25 | $0.42 | $0.93 | ||
| Q1 25 | $0.27 | $0.83 | ||
| Q4 24 | $0.35 | $0.57 | ||
| Q3 24 | $-0.94 | $0.79 | ||
| Q2 24 | $0.11 | $0.88 |
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 | $413.7M |
| Total DebtLower is stronger | $105.4M | — |
| Stockholders' EquityBook value | $271.6M | $1.2B |
| Total Assets | $659.4M | $8.6B |
| Debt / EquityLower = less leverage | 0.39× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $413.7M | ||
| Q4 25 | $86.5M | $652.6M | ||
| Q3 25 | $64.8M | $659.9M | ||
| Q2 25 | $59.7M | $785.1M | ||
| Q1 25 | $49.4M | $621.4M | ||
| Q4 24 | $52.6M | $615.9M | ||
| Q3 24 | $51.0M | $573.7M | ||
| Q2 24 | $64.6M | $535.8M |
| Q1 26 | — | — | ||
| Q4 25 | $105.4M | — | ||
| Q3 25 | $106.5M | — | ||
| Q2 25 | $87.6M | — | ||
| Q1 25 | $73.9M | — | ||
| Q4 24 | $74.9M | — | ||
| Q3 24 | $83.4M | — | ||
| Q2 24 | $48.4M | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $271.6M | $1.2B | ||
| Q3 25 | $263.6M | $1.1B | ||
| Q2 25 | $263.2M | $1.1B | ||
| Q1 25 | $256.1M | $1.1B | ||
| Q4 24 | $249.6M | $1.0B | ||
| Q3 24 | $247.1M | $1.0B | ||
| Q2 24 | $255.9M | $996.6M |
| Q1 26 | — | $8.6B | ||
| Q4 25 | $659.4M | $8.5B | ||
| Q3 25 | $643.3M | $8.5B | ||
| Q2 25 | $633.3M | $8.4B | ||
| Q1 25 | $628.3M | $8.2B | ||
| Q4 24 | $594.1M | $8.1B | ||
| Q3 24 | $590.9M | $8.1B | ||
| Q2 24 | $535.2M | $8.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $22.5M | — |
| FCF MarginFCF / Revenue | 20.2% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 4.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $23.9M | $111.5M | ||
| Q3 25 | $-11.7M | $49.4M | ||
| Q2 25 | $10.5M | $15.0M | ||
| Q1 25 | $1.6M | $26.4M | ||
| Q4 24 | $20.8M | $101.1M | ||
| Q3 24 | $-27.2M | $48.1M | ||
| Q2 24 | $8.3M | $20.9M |
| Q1 26 | — | — | ||
| Q4 25 | $22.5M | $104.0M | ||
| Q3 25 | $-13.5M | $47.6M | ||
| Q2 25 | $8.2M | $13.0M | ||
| Q1 25 | $-1.2M | $24.3M | ||
| Q4 24 | $18.3M | $95.7M | ||
| Q3 24 | $-32.6M | $47.1M | ||
| Q2 24 | $7.5M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 94.3% | ||
| Q3 25 | -12.6% | 44.4% | ||
| Q2 25 | 7.1% | 12.3% | ||
| Q1 25 | -1.0% | 25.3% | ||
| Q4 24 | 15.5% | 97.0% | ||
| Q3 24 | -36.8% | 47.9% | ||
| Q2 24 | 6.4% | 20.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 6.8% | ||
| Q3 25 | 1.6% | 1.6% | ||
| Q2 25 | 2.0% | 1.9% | ||
| Q1 25 | 2.5% | 2.1% | ||
| Q4 24 | 2.1% | 5.5% | ||
| Q3 24 | 6.1% | 1.1% | ||
| Q2 24 | 0.7% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | 4.49× | ||
| Q3 25 | -72.48× | 2.13× | ||
| Q2 25 | 2.02× | 0.57× | ||
| Q1 25 | 0.46× | 1.12× | ||
| Q4 24 | 4.62× | 6.18× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | 5.37× | 0.85× |
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% |
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
