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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and Goosehead Insurance, Inc. (GSHD). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $93.1M, roughly 1.2× Goosehead Insurance, Inc.). Goosehead Insurance, Inc. runs the higher net margin — 8.6% vs 5.1%, a 3.5% gap on every dollar of revenue. On growth, Goosehead Insurance, Inc. posted the faster year-over-year revenue change (23.1% vs -5.7%). Over the past eight quarters, Goosehead Insurance, Inc.'s revenue compounded faster (9.2% 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.
Goosehead Insurance is a U.S.-based personal lines insurance agency that offers a wide range of coverage products including auto, home, renters, flood, and specialty insurance. It partners with hundreds of insurance carriers to provide clients with tailored, cost-effective coverage options, operating via corporate locations and a national franchise network for independent agents.
AVNW vs GSHD — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $93.1M |
| Net Profit | $5.7M | $8.0M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | 16.1% |
| Net Margin | 5.1% | 8.6% |
| Revenue YoY | -5.7% | 23.1% |
| Net Profit YoY | 27.2% | 204.0% |
| EPS (diluted) | $0.44 | $0.19 |
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 | — | $93.1M | ||
| Q4 25 | $111.5M | $105.3M | ||
| Q3 25 | $107.3M | $90.4M | ||
| Q2 25 | $115.3M | $94.0M | ||
| Q1 25 | $112.6M | $75.6M | ||
| Q4 24 | $118.2M | $93.9M | ||
| Q3 24 | $88.4M | $78.0M | ||
| Q2 24 | $116.7M | $78.1M |
| Q1 26 | — | $8.0M | ||
| Q4 25 | $5.7M | $12.4M | ||
| Q3 25 | $162.0K | $7.9M | ||
| Q2 25 | $5.2M | $5.2M | ||
| Q1 25 | $3.5M | $2.3M | ||
| Q4 24 | $4.5M | $14.9M | ||
| Q3 24 | $-11.9M | $7.6M | ||
| Q2 24 | $1.5M | $6.2M |
| 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 | — | 16.1% | ||
| Q4 25 | 6.5% | 29.4% | ||
| Q3 25 | 4.8% | 23.5% | ||
| Q2 25 | 7.7% | 16.7% | ||
| Q1 25 | 8.3% | 8.8% | ||
| Q4 24 | 6.7% | 29.7% | ||
| Q3 24 | -17.6% | 21.1% | ||
| Q2 24 | 4.7% | 19.7% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 5.1% | 11.8% | ||
| Q3 25 | 0.2% | 8.7% | ||
| Q2 25 | 4.5% | 5.5% | ||
| Q1 25 | 3.1% | 3.1% | ||
| Q4 24 | 3.8% | 15.8% | ||
| Q3 24 | -13.4% | 9.7% | ||
| Q2 24 | 1.3% | 7.9% |
| Q1 26 | — | $0.19 | ||
| Q4 25 | $0.44 | $0.48 | ||
| Q3 25 | $0.01 | $0.29 | ||
| Q2 25 | $0.42 | $0.18 | ||
| Q1 25 | $0.27 | $0.09 | ||
| Q4 24 | $0.35 | $0.58 | ||
| Q3 24 | $-0.94 | $0.29 | ||
| Q2 24 | $0.11 | $0.24 |
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 | $25.7M |
| Total DebtLower is stronger | $105.4M | — |
| Stockholders' EquityBook value | $271.6M | $-121.3M |
| Total Assets | $659.4M | $392.8M |
| Debt / EquityLower = less leverage | 0.39× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $86.5M | $34.4M | ||
| Q3 25 | $64.8M | $51.6M | ||
| Q2 25 | $59.7M | $92.4M | ||
| Q1 25 | $49.4M | $70.2M | ||
| Q4 24 | $52.6M | $54.3M | ||
| Q3 24 | $51.0M | $47.5M | ||
| Q2 24 | $64.6M | $23.6M |
| Q1 26 | — | — | ||
| Q4 25 | $105.4M | $289.5M | ||
| Q3 25 | $106.5M | $290.0M | ||
| Q2 25 | $87.6M | $289.8M | ||
| Q1 25 | $73.9M | $290.3M | ||
| Q4 24 | $74.9M | $82.3M | ||
| Q3 24 | $83.4M | $84.6M | ||
| Q2 24 | $48.4M | $87.0M |
| Q1 26 | — | $-121.3M | ||
| Q4 25 | $271.6M | $-95.5M | ||
| Q3 25 | $263.6M | $-105.0M | ||
| Q2 25 | $263.2M | $-78.6M | ||
| Q1 25 | $256.1M | $-88.5M | ||
| Q4 24 | $249.6M | $43.9M | ||
| Q3 24 | $247.1M | $58.3M | ||
| Q2 24 | $255.9M | $39.8M |
| Q1 26 | — | $392.8M | ||
| Q4 25 | $659.4M | $414.9M | ||
| Q3 25 | $643.3M | $403.6M | ||
| Q2 25 | $633.3M | $436.6M | ||
| Q1 25 | $628.3M | $412.6M | ||
| Q4 24 | $594.1M | $397.7M | ||
| Q3 24 | $590.9M | $358.1M | ||
| Q2 24 | $535.2M | $338.2M |
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | 1.87× | ||
| Q3 24 | 0.34× | 1.45× | ||
| Q2 24 | 0.19× | 2.19× |
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 | $91.8M | ||
| Q3 25 | $-11.7M | $24.2M | ||
| Q2 25 | $10.5M | $28.9M | ||
| Q1 25 | $1.6M | $15.5M | ||
| Q4 24 | $20.8M | $71.5M | ||
| Q3 24 | $-27.2M | $28.1M | ||
| Q2 24 | $8.3M | $18.9M |
| Q1 26 | — | — | ||
| Q4 25 | $22.5M | $86.1M | ||
| Q3 25 | $-13.5M | $23.7M | ||
| Q2 25 | $8.2M | $27.2M | ||
| Q1 25 | $-1.2M | $14.9M | ||
| Q4 24 | $18.3M | $70.6M | ||
| Q3 24 | $-32.6M | $28.0M | ||
| Q2 24 | $7.5M | $18.6M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 81.8% | ||
| Q3 25 | -12.6% | 26.2% | ||
| Q2 25 | 7.1% | 28.9% | ||
| Q1 25 | -1.0% | 19.7% | ||
| Q4 24 | 15.5% | 75.1% | ||
| Q3 24 | -36.8% | 35.9% | ||
| Q2 24 | 6.4% | 23.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 5.4% | ||
| Q3 25 | 1.6% | 0.5% | ||
| Q2 25 | 2.0% | 1.8% | ||
| Q1 25 | 2.5% | 0.8% | ||
| Q4 24 | 2.1% | 1.0% | ||
| Q3 24 | 6.1% | 0.1% | ||
| Q2 24 | 0.7% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | 7.38× | ||
| Q3 25 | -72.48× | 3.06× | ||
| Q2 25 | 2.02× | 5.61× | ||
| Q1 25 | 0.46× | 6.61× | ||
| Q4 24 | 4.62× | 4.82× | ||
| Q3 24 | — | 3.72× | ||
| Q2 24 | 5.37× | 3.05× |
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% |
GSHD
| Renewal Royalty Fees (2) | $43.6M | 47% |
| Renewal Commissions (1) | $18.2M | 20% |
| Contingent Commissions (1) | $10.7M | 11% |
| New Business Royalty Fees (2) | $7.9M | 8% |
| New Business Commissions (1) | $7.5M | 8% |
| Other | $3.7M | 4% |
| Initial Franchise Fees (2) | $1.6M | 2% |
