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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $62.0M, roughly 1.8× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs 5.1%, a 26.2% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs -5.7%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $22.5M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% 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.
Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.
AVNW vs MPB — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $62.0M |
| Net Profit | $5.7M | $19.4M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | 43.6% |
| Net Margin | 5.1% | 31.4% |
| Revenue YoY | -5.7% | 30.8% |
| Net Profit YoY | 27.2% | 47.0% |
| EPS (diluted) | $0.44 | $0.83 |
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 | $62.0M | ||
| Q3 25 | $107.3M | $61.8M | ||
| Q2 25 | $115.3M | $54.3M | ||
| Q1 25 | $112.6M | $47.7M | ||
| Q4 24 | $118.2M | $47.4M | ||
| Q3 24 | $88.4M | $45.3M | ||
| Q2 24 | $116.7M | $44.1M | ||
| Q1 24 | $110.8M | $42.3M |
| Q4 25 | $5.7M | $19.4M | ||
| Q3 25 | $162.0K | $18.3M | ||
| Q2 25 | $5.2M | $4.8M | ||
| Q1 25 | $3.5M | $13.7M | ||
| Q4 24 | $4.5M | $13.2M | ||
| Q3 24 | $-11.9M | $12.3M | ||
| Q2 24 | $1.5M | $11.8M | ||
| Q1 24 | $3.9M | $12.1M |
| 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% | 43.6% | ||
| Q3 25 | 4.8% | 39.3% | ||
| Q2 25 | 7.7% | 7.9% | ||
| Q1 25 | 8.3% | 35.2% | ||
| Q4 24 | 6.7% | 34.1% | ||
| Q3 24 | -17.6% | 32.8% | ||
| Q2 24 | 4.7% | 32.4% | ||
| Q1 24 | 5.1% | 34.8% |
| Q4 25 | 5.1% | 31.4% | ||
| Q3 25 | 0.2% | 29.6% | ||
| Q2 25 | 4.5% | 8.8% | ||
| Q1 25 | 3.1% | 28.8% | ||
| Q4 24 | 3.8% | 27.9% | ||
| Q3 24 | -13.4% | 27.1% | ||
| Q2 24 | 1.3% | 26.7% | ||
| Q1 24 | 3.5% | 28.7% |
| Q4 25 | $0.44 | $0.83 | ||
| Q3 25 | $0.01 | $0.79 | ||
| Q2 25 | $0.42 | $0.22 | ||
| Q1 25 | $0.27 | $0.71 | ||
| Q4 24 | $0.35 | $0.72 | ||
| Q3 24 | $-0.94 | $0.74 | ||
| Q2 24 | $0.11 | $0.71 | ||
| Q1 24 | $0.30 | $0.73 |
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 | $814.1M |
| Total Assets | $659.4M | $6.1B |
| 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 | $814.1M | ||
| Q3 25 | $263.6M | $796.3M | ||
| Q2 25 | $263.2M | $775.7M | ||
| Q1 25 | $256.1M | $667.9M | ||
| Q4 24 | $249.6M | $655.0M | ||
| Q3 24 | $247.1M | $573.1M | ||
| Q2 24 | $255.9M | $559.7M | ||
| Q1 24 | $256.0M | $551.0M |
| Q4 25 | $659.4M | $6.1B | ||
| Q3 25 | $643.3M | $6.3B | ||
| Q2 25 | $633.3M | $6.4B | ||
| Q1 25 | $628.3M | $5.5B | ||
| Q4 24 | $594.1M | $5.5B | ||
| Q3 24 | $590.9M | $5.5B | ||
| Q2 24 | $535.2M | $5.4B | ||
| Q1 24 | $490.3M | $5.3B |
| 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 | $80.0M |
| Free Cash FlowOCF − Capex | $22.5M | $71.8M |
| FCF MarginFCF / Revenue | 20.2% | 115.8% |
| Capex IntensityCapex / Revenue | 1.3% | 13.3% |
| Cash ConversionOCF / Net Profit | 4.18× | 4.12× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $132.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $80.0M | ||
| Q3 25 | $-11.7M | $26.3M | ||
| Q2 25 | $10.5M | $29.0M | ||
| Q1 25 | $1.6M | $11.5M | ||
| Q4 24 | $20.8M | $51.4M | ||
| Q3 24 | $-27.2M | $16.9M | ||
| Q2 24 | $8.3M | $18.0M | ||
| Q1 24 | $15.3M | $12.4M |
| Q4 25 | $22.5M | $71.8M | ||
| Q3 25 | $-13.5M | $24.3M | ||
| Q2 25 | $8.2M | $27.2M | ||
| Q1 25 | $-1.2M | $8.8M | ||
| Q4 24 | $18.3M | $44.5M | ||
| Q3 24 | $-32.6M | $16.8M | ||
| Q2 24 | $7.5M | $17.7M | ||
| Q1 24 | $14.8M | $12.1M |
| Q4 25 | 20.2% | 115.8% | ||
| Q3 25 | -12.6% | 39.4% | ||
| Q2 25 | 7.1% | 50.1% | ||
| Q1 25 | -1.0% | 18.4% | ||
| Q4 24 | 15.5% | 93.8% | ||
| Q3 24 | -36.8% | 37.1% | ||
| Q2 24 | 6.4% | 40.2% | ||
| Q1 24 | 13.4% | 28.5% |
| Q4 25 | 1.3% | 13.3% | ||
| Q3 25 | 1.6% | 3.1% | ||
| Q2 25 | 2.0% | 3.2% | ||
| Q1 25 | 2.5% | 5.7% | ||
| Q4 24 | 2.1% | 14.6% | ||
| Q3 24 | 6.1% | 0.0% | ||
| Q2 24 | 0.7% | 0.7% | ||
| Q1 24 | 0.4% | 0.8% |
| Q4 25 | 4.18× | 4.12× | ||
| Q3 25 | -72.48× | 1.44× | ||
| Q2 25 | 2.02× | 6.08× | ||
| Q1 25 | 0.46× | 0.84× | ||
| Q4 24 | 4.62× | 3.88× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | 5.37× | 1.53× | ||
| Q1 24 | 3.96× | 1.02× |
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% |
MPB
Segment breakdown not available.
