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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and MEDALLION FINANCIAL CORP (MFIN). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $70.6M, roughly 1.6× MEDALLION FINANCIAL CORP). MEDALLION FINANCIAL CORP runs the higher net margin — 17.3% vs 5.1%, a 12.2% gap on every dollar of revenue. On growth, MEDALLION FINANCIAL CORP posted the faster year-over-year revenue change (25.4% vs -5.7%). Over the past eight quarters, MEDALLION FINANCIAL CORP's revenue compounded faster (15.0% 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.
Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.
AVNW vs MFIN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $70.6M |
| Net Profit | $5.7M | $12.2M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | 29.3% |
| Net Margin | 5.1% | 17.3% |
| Revenue YoY | -5.7% | 25.4% |
| Net Profit YoY | 27.2% | 20.3% |
| EPS (diluted) | $0.44 | $0.50 |
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 | $70.6M | ||
| Q3 25 | $107.3M | $58.7M | ||
| Q2 25 | $115.3M | $62.6M | ||
| Q1 25 | $112.6M | $63.0M | ||
| Q4 24 | $118.2M | $56.3M | ||
| Q3 24 | $88.4M | $53.3M | ||
| Q2 24 | $116.7M | $51.0M | ||
| Q1 24 | $110.8M | $53.3M |
| Q4 25 | $5.7M | $12.2M | ||
| Q3 25 | $162.0K | $7.8M | ||
| Q2 25 | $5.2M | $11.1M | ||
| Q1 25 | $3.5M | $12.0M | ||
| Q4 24 | $4.5M | $10.1M | ||
| Q3 24 | $-11.9M | $8.6M | ||
| Q2 24 | $1.5M | $7.1M | ||
| Q1 24 | $3.9M | $10.0M |
| 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% | 29.3% | ||
| Q3 25 | 4.8% | 33.2% | ||
| Q2 25 | 7.7% | 31.1% | ||
| Q1 25 | 8.3% | 32.1% | ||
| Q4 24 | 6.7% | 32.8% | ||
| Q3 24 | -17.6% | 26.6% | ||
| Q2 24 | 4.7% | 24.3% | ||
| Q1 24 | 5.1% | 33.6% |
| Q4 25 | 5.1% | 17.3% | ||
| Q3 25 | 0.2% | 13.2% | ||
| Q2 25 | 4.5% | 17.7% | ||
| Q1 25 | 3.1% | 19.1% | ||
| Q4 24 | 3.8% | 18.0% | ||
| Q3 24 | -13.4% | 16.1% | ||
| Q2 24 | 1.3% | 13.9% | ||
| Q1 24 | 3.5% | 18.8% |
| Q4 25 | $0.44 | $0.50 | ||
| Q3 25 | $0.01 | $0.32 | ||
| Q2 25 | $0.42 | $0.46 | ||
| Q1 25 | $0.27 | $0.50 | ||
| Q4 24 | $0.35 | $0.43 | ||
| Q3 24 | $-0.94 | $0.37 | ||
| Q2 24 | $0.11 | $0.30 | ||
| Q1 24 | $0.30 | $0.42 |
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 | $136.3M |
| Total DebtLower is stronger | $105.4M | $216.0M |
| Stockholders' EquityBook value | $271.6M | $408.6M |
| Total Assets | $659.4M | $3.0B |
| Debt / EquityLower = less leverage | 0.39× | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $136.3M | ||
| Q3 25 | $64.8M | $72.5M | ||
| Q2 25 | $59.7M | $110.4M | ||
| Q1 25 | $49.4M | $131.5M | ||
| Q4 24 | $52.6M | $98.2M | ||
| Q3 24 | $51.0M | $120.6M | ||
| Q2 24 | $64.6M | $87.7M | ||
| Q1 24 | $59.2M | $54.8M |
| Q4 25 | $105.4M | $216.0M | ||
| Q3 25 | $106.5M | $215.7M | ||
| Q2 25 | $87.6M | $199.9M | ||
| Q1 25 | $73.9M | $199.7M | ||
| Q4 24 | $74.9M | $232.2M | ||
| Q3 24 | $83.4M | $232.0M | ||
| Q2 24 | $48.4M | $230.8M | ||
| Q1 24 | $48.9M | $225.6M |
| Q4 25 | $271.6M | $408.6M | ||
| Q3 25 | $263.6M | $397.4M | ||
| Q2 25 | $263.2M | $389.9M | ||
| Q1 25 | $256.1M | $380.2M | ||
| Q4 24 | $249.6M | $370.2M | ||
| Q3 24 | $247.1M | $362.4M | ||
| Q2 24 | $255.9M | $354.0M | ||
| Q1 24 | $256.0M | $349.0M |
| Q4 25 | $659.4M | $3.0B | ||
| Q3 25 | $643.3M | $2.9B | ||
| Q2 25 | $633.3M | $2.9B | ||
| Q1 25 | $628.3M | $2.8B | ||
| Q4 24 | $594.1M | $2.9B | ||
| Q3 24 | $590.9M | $2.9B | ||
| Q2 24 | $535.2M | $2.8B | ||
| Q1 24 | $490.3M | $2.6B |
| Q4 25 | 0.39× | 0.53× | ||
| Q3 25 | 0.40× | 0.54× | ||
| Q2 25 | 0.33× | 0.51× | ||
| Q1 25 | 0.29× | 0.53× | ||
| Q4 24 | 0.30× | 0.63× | ||
| Q3 24 | 0.34× | 0.64× | ||
| Q2 24 | 0.19× | 0.65× | ||
| Q1 24 | 0.19× | 0.65× |
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 | $126.3M |
| Free Cash FlowOCF − Capex | $22.5M | — |
| FCF MarginFCF / Revenue | 20.2% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 4.18× | 10.35× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $126.3M | ||
| Q3 25 | $-11.7M | $67.0M | ||
| Q2 25 | $10.5M | $-10.7M | ||
| Q1 25 | $1.6M | $36.3M | ||
| Q4 24 | $20.8M | $108.7M | ||
| Q3 24 | $-27.2M | $24.6M | ||
| Q2 24 | $8.3M | $27.6M | ||
| Q1 24 | $15.3M | $32.3M |
| Q4 25 | $22.5M | — | ||
| Q3 25 | $-13.5M | — | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $-1.2M | — | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | $-32.6M | — | ||
| Q2 24 | $7.5M | — | ||
| Q1 24 | $14.8M | — |
| Q4 25 | 20.2% | — | ||
| Q3 25 | -12.6% | — | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | -1.0% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | -36.8% | — | ||
| Q2 24 | 6.4% | — | ||
| Q1 24 | 13.4% | — |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.4% | — |
| Q4 25 | 4.18× | 10.35× | ||
| Q3 25 | -72.48× | 8.63× | ||
| Q2 25 | 2.02× | -0.97× | ||
| Q1 25 | 0.46× | 3.02× | ||
| Q4 24 | 4.62× | 10.72× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | 5.37× | 3.89× | ||
| Q1 24 | 3.96× | 3.22× |
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% |
MFIN
Segment breakdown not available.
