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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and HANMI FINANCIAL CORP (HAFC). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $71.2M, roughly 1.6× HANMI FINANCIAL CORP). HANMI FINANCIAL CORP runs the higher net margin — 29.8% vs 5.1%, a 24.7% gap on every dollar of revenue. On growth, HANMI FINANCIAL CORP posted the faster year-over-year revenue change (17.1% vs -5.7%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $22.5M). Over the past eight quarters, HANMI FINANCIAL CORP's revenue compounded faster (10.4% 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.
Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.
AVNW vs HAFC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $71.2M |
| Net Profit | $5.7M | $21.2M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | 29.8% |
| Net Margin | 5.1% | 29.8% |
| Revenue YoY | -5.7% | 17.1% |
| Net Profit YoY | 27.2% | 20.0% |
| EPS (diluted) | $0.44 | $0.70 |
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 | $71.2M | ||
| Q3 25 | $107.3M | $71.0M | ||
| Q2 25 | $115.3M | $65.2M | ||
| Q1 25 | $112.6M | $62.8M | ||
| Q4 24 | $118.2M | $60.8M | ||
| Q3 24 | $88.4M | $58.5M | ||
| Q2 24 | $116.7M | $56.7M | ||
| Q1 24 | $110.8M | $58.4M |
| Q4 25 | $5.7M | $21.2M | ||
| Q3 25 | $162.0K | $22.1M | ||
| Q2 25 | $5.2M | $15.1M | ||
| Q1 25 | $3.5M | $17.7M | ||
| Q4 24 | $4.5M | $17.7M | ||
| Q3 24 | $-11.9M | $14.9M | ||
| Q2 24 | $1.5M | $14.5M | ||
| Q1 24 | $3.9M | $15.2M |
| 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% | 29.8% | ||
| Q3 25 | 4.8% | 31.1% | ||
| Q2 25 | 7.7% | 23.2% | ||
| Q1 25 | 8.3% | 28.1% | ||
| Q4 24 | 6.7% | 29.1% | ||
| Q3 24 | -17.6% | 25.5% | ||
| Q2 24 | 4.7% | 25.5% | ||
| Q1 24 | 5.1% | 26.0% |
| Q4 25 | 5.1% | 29.8% | ||
| Q3 25 | 0.2% | 31.1% | ||
| Q2 25 | 4.5% | 23.2% | ||
| Q1 25 | 3.1% | 28.1% | ||
| Q4 24 | 3.8% | 29.1% | ||
| Q3 24 | -13.4% | 25.5% | ||
| Q2 24 | 1.3% | 25.5% | ||
| Q1 24 | 3.5% | 26.0% |
| Q4 25 | $0.44 | $0.70 | ||
| Q3 25 | $0.01 | $0.73 | ||
| Q2 25 | $0.42 | $0.50 | ||
| Q1 25 | $0.27 | $0.58 | ||
| Q4 24 | $0.35 | $0.58 | ||
| Q3 24 | $-0.94 | $0.49 | ||
| Q2 24 | $0.11 | $0.48 | ||
| Q1 24 | $0.30 | $0.50 |
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 | — |
| Stockholders' EquityBook value | $271.6M | $796.4M |
| Total Assets | $659.4M | $7.9B |
| Debt / EquityLower = less leverage | 0.39× | — |
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 | — | ||
| 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 24 | $48.9M | — |
| Q4 25 | $271.6M | $796.4M | ||
| Q3 25 | $263.6M | $779.5M | ||
| Q2 25 | $263.2M | $762.8M | ||
| Q1 25 | $256.1M | $751.5M | ||
| Q4 24 | $249.6M | $732.2M | ||
| Q3 24 | $247.1M | $736.7M | ||
| Q2 24 | $255.9M | $707.1M | ||
| Q1 24 | $256.0M | $703.1M |
| Q4 25 | $659.4M | $7.9B | ||
| Q3 25 | $643.3M | $7.9B | ||
| Q2 25 | $633.3M | $7.9B | ||
| Q1 25 | $628.3M | $7.7B | ||
| Q4 24 | $594.1M | $7.7B | ||
| Q3 24 | $590.9M | $7.7B | ||
| Q2 24 | $535.2M | $7.6B | ||
| Q1 24 | $490.3M | $7.5B |
| 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× | — | ||
| 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 | $206.0M |
| Free Cash FlowOCF − Capex | $22.5M | $203.7M |
| FCF MarginFCF / Revenue | 20.2% | 286.2% |
| Capex IntensityCapex / Revenue | 1.3% | 3.2% |
| Cash ConversionOCF / Net Profit | 4.18× | 9.70× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $356.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $206.0M | ||
| Q3 25 | $-11.7M | $146.9M | ||
| Q2 25 | $10.5M | $-19.0M | ||
| Q1 25 | $1.6M | $25.8M | ||
| Q4 24 | $20.8M | $52.6M | ||
| Q3 24 | $-27.2M | $6.7M | ||
| Q2 24 | $8.3M | $2.1M | ||
| Q1 24 | $15.3M | $30.0M |
| Q4 25 | $22.5M | $203.7M | ||
| Q3 25 | $-13.5M | $146.4M | ||
| Q2 25 | $8.2M | $-19.6M | ||
| Q1 25 | $-1.2M | $25.6M | ||
| Q4 24 | $18.3M | $49.9M | ||
| Q3 24 | $-32.6M | $6.5M | ||
| Q2 24 | $7.5M | $1.3M | ||
| Q1 24 | $14.8M | $29.2M |
| Q4 25 | 20.2% | 286.2% | ||
| Q3 25 | -12.6% | 206.3% | ||
| Q2 25 | 7.1% | -30.0% | ||
| Q1 25 | -1.0% | 40.7% | ||
| Q4 24 | 15.5% | 82.1% | ||
| Q3 24 | -36.8% | 11.1% | ||
| Q2 24 | 6.4% | 2.3% | ||
| Q1 24 | 13.4% | 50.0% |
| Q4 25 | 1.3% | 3.2% | ||
| Q3 25 | 1.6% | 0.8% | ||
| Q2 25 | 2.0% | 0.9% | ||
| Q1 25 | 2.5% | 0.4% | ||
| Q4 24 | 2.1% | 4.3% | ||
| Q3 24 | 6.1% | 0.4% | ||
| Q2 24 | 0.7% | 1.4% | ||
| Q1 24 | 0.4% | 1.4% |
| Q4 25 | 4.18× | 9.70× | ||
| Q3 25 | -72.48× | 6.66× | ||
| Q2 25 | 2.02× | -1.26× | ||
| Q1 25 | 0.46× | 1.46× | ||
| Q4 24 | 4.62× | 2.97× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | 5.37× | 0.14× | ||
| Q1 24 | 3.96× | 1.98× |
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% |
HAFC
Segment breakdown not available.
