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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and Katapult Holdings, Inc. (KPLT). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $73.9M, roughly 1.5× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs 5.1%, a 21.7% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -5.7%). AVIAT NETWORKS, INC. produced more free cash flow last quarter ($22.5M vs $-12.0M). Over the past eight quarters, Katapult Holdings, 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.
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
AVNW vs KPLT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $73.9M |
| Net Profit | $5.7M | $19.8M |
| Gross Margin | 32.4% | 15.6% |
| Operating Margin | 6.5% | -1.4% |
| Net Margin | 5.1% | 26.8% |
| Revenue YoY | -5.7% | 17.3% |
| Net Profit YoY | 27.2% | 307.3% |
| EPS (diluted) | $0.44 | $3.69 |
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 | $73.9M | ||
| Q3 25 | $107.3M | $74.0M | ||
| Q2 25 | $115.3M | $71.9M | ||
| Q1 25 | $112.6M | $71.9M | ||
| Q4 24 | $118.2M | $63.0M | ||
| Q3 24 | $88.4M | $60.3M | ||
| Q2 24 | $116.7M | $58.9M | ||
| Q1 24 | $110.8M | $65.1M |
| Q4 25 | $5.7M | $19.8M | ||
| Q3 25 | $162.0K | $-4.9M | ||
| Q2 25 | $5.2M | $-7.8M | ||
| Q1 25 | $3.5M | $-5.7M | ||
| Q4 24 | $4.5M | $-9.6M | ||
| Q3 24 | $-11.9M | $-8.9M | ||
| Q2 24 | $1.5M | $-6.9M | ||
| Q1 24 | $3.9M | $-570.0K |
| Q4 25 | 32.4% | 15.6% | ||
| Q3 25 | 33.2% | 19.7% | ||
| Q2 25 | 34.2% | 15.5% | ||
| Q1 25 | 34.9% | 19.9% | ||
| Q4 24 | 34.6% | 11.8% | ||
| Q3 24 | 22.4% | 19.8% | ||
| Q2 24 | 35.3% | 16.9% | ||
| Q1 24 | 32.5% | 25.3% |
| Q4 25 | 6.5% | -1.4% | ||
| Q3 25 | 4.8% | 3.3% | ||
| Q2 25 | 7.7% | -2.0% | ||
| Q1 25 | 8.3% | -0.7% | ||
| Q4 24 | 6.7% | -7.7% | ||
| Q3 24 | -17.6% | -7.4% | ||
| Q2 24 | 4.7% | -4.5% | ||
| Q1 24 | 5.1% | 5.8% |
| Q4 25 | 5.1% | 26.8% | ||
| Q3 25 | 0.2% | -6.7% | ||
| Q2 25 | 4.5% | -10.9% | ||
| Q1 25 | 3.1% | -7.9% | ||
| Q4 24 | 3.8% | -15.2% | ||
| Q3 24 | -13.4% | -14.7% | ||
| Q2 24 | 1.3% | -11.7% | ||
| Q1 24 | 3.5% | -0.9% |
| Q4 25 | $0.44 | $3.69 | ||
| Q3 25 | $0.01 | $-0.94 | ||
| Q2 25 | $0.42 | $-1.63 | ||
| Q1 25 | $0.27 | $-1.23 | ||
| Q4 24 | $0.35 | $-2.17 | ||
| Q3 24 | $-0.94 | $-2.05 | ||
| Q2 24 | $0.11 | $-1.61 | ||
| Q1 24 | $0.30 | $-0.13 |
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 | $22.4M |
| Total DebtLower is stronger | $105.4M | — |
| Stockholders' EquityBook value | $271.6M | $-38.1M |
| Total Assets | $659.4M | $107.9M |
| Debt / EquityLower = less leverage | 0.39× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $22.4M | ||
| Q3 25 | $64.8M | $3.4M | ||
| Q2 25 | $59.7M | $3.7M | ||
| Q1 25 | $49.4M | $6.0M | ||
| Q4 24 | $52.6M | $3.5M | ||
| Q3 24 | $51.0M | $25.9M | ||
| Q2 24 | $64.6M | $33.7M | ||
| Q1 24 | $59.2M | $31.2M |
| 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 | $-38.1M | ||
| Q3 25 | $263.6M | $-58.4M | ||
| Q2 25 | $263.2M | $-54.1M | ||
| Q1 25 | $256.1M | $-51.7M | ||
| Q4 24 | $249.6M | $-46.8M | ||
| Q3 24 | $247.1M | $-40.3M | ||
| Q2 24 | $255.9M | $-32.9M | ||
| Q1 24 | $256.0M | $-27.5M |
| Q4 25 | $659.4M | $107.9M | ||
| Q3 25 | $643.3M | $85.9M | ||
| Q2 25 | $633.3M | $90.6M | ||
| Q1 25 | $628.3M | $88.5M | ||
| Q4 24 | $594.1M | $93.2M | ||
| Q3 24 | $590.9M | $92.0M | ||
| Q2 24 | $535.2M | $106.6M | ||
| Q1 24 | $490.3M | $106.6M |
| 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 | $-11.9M |
| Free Cash FlowOCF − Capex | $22.5M | $-12.0M |
| FCF MarginFCF / Revenue | 20.2% | -16.2% |
| Capex IntensityCapex / Revenue | 1.3% | 0.0% |
| Cash ConversionOCF / Net Profit | 4.18× | -0.60× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $-11.9M | ||
| Q3 25 | $-11.7M | $4.0M | ||
| Q2 25 | $10.5M | $-6.6M | ||
| Q1 25 | $1.6M | $3.4M | ||
| Q4 24 | $20.8M | $-32.6M | ||
| Q3 24 | $-27.2M | $-5.4M | ||
| Q2 24 | $8.3M | $-628.0K | ||
| Q1 24 | $15.3M | $2.0M |
| Q4 25 | $22.5M | $-12.0M | ||
| Q3 25 | $-13.5M | $4.0M | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $-1.2M | $3.4M | ||
| Q4 24 | $18.3M | $-32.6M | ||
| Q3 24 | $-32.6M | $-5.4M | ||
| Q2 24 | $7.5M | $-653.0K | ||
| Q1 24 | $14.8M | — |
| Q4 25 | 20.2% | -16.2% | ||
| Q3 25 | -12.6% | 5.4% | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | -1.0% | 4.7% | ||
| Q4 24 | 15.5% | -51.8% | ||
| Q3 24 | -36.8% | -9.0% | ||
| Q2 24 | 6.4% | -1.1% | ||
| Q1 24 | 13.4% | — |
| Q4 25 | 1.3% | 0.0% | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 2.0% | 0.0% | ||
| Q1 25 | 2.5% | 0.0% | ||
| Q4 24 | 2.1% | 0.1% | ||
| Q3 24 | 6.1% | 0.0% | ||
| Q2 24 | 0.7% | 0.0% | ||
| Q1 24 | 0.4% | 0.0% |
| Q4 25 | 4.18× | -0.60× | ||
| Q3 25 | -72.48× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 4.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.37× | — | ||
| Q1 24 | 3.96× | — |
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% |
KPLT
Segment breakdown not available.
