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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and N-able, Inc. (NABL). Click either name above to swap in a different company.
N-able, Inc. is the larger business by last-quarter revenue ($130.3M vs $111.5M, roughly 1.2× AVIAT NETWORKS, INC.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs -5.7%). AVIAT NETWORKS, INC. produced more free cash flow last quarter ($22.5M vs $20.9M). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% 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.
Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.
AVNW vs NABL — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $130.3M |
| Net Profit | $5.7M | — |
| Gross Margin | 32.4% | 76.2% |
| Operating Margin | 6.5% | 10.2% |
| Net Margin | 5.1% | — |
| Revenue YoY | -5.7% | 11.8% |
| Net Profit YoY | 27.2% | — |
| EPS (diluted) | $0.44 | $-0.04 |
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 | $130.3M | ||
| Q3 25 | $107.3M | $131.7M | ||
| Q2 25 | $115.3M | $131.2M | ||
| Q1 25 | $112.6M | $118.2M | ||
| Q4 24 | $118.2M | $116.5M | ||
| Q3 24 | $88.4M | $116.4M | ||
| Q2 24 | $116.7M | $119.4M | ||
| Q1 24 | $110.8M | $113.7M |
| Q4 25 | $5.7M | — | ||
| Q3 25 | $162.0K | $1.4M | ||
| Q2 25 | $5.2M | $-4.0M | ||
| Q1 25 | $3.5M | $-7.2M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $-11.9M | $10.8M | ||
| Q2 24 | $1.5M | $9.5M | ||
| Q1 24 | $3.9M | $7.5M |
| Q4 25 | 32.4% | 76.2% | ||
| Q3 25 | 33.2% | 77.5% | ||
| Q2 25 | 34.2% | 78.1% | ||
| Q1 25 | 34.9% | 76.6% | ||
| Q4 24 | 34.6% | 80.0% | ||
| Q3 24 | 22.4% | 82.9% | ||
| Q2 24 | 35.3% | 84.0% | ||
| Q1 24 | 32.5% | 83.9% |
| Q4 25 | 6.5% | 10.2% | ||
| Q3 25 | 4.8% | 8.8% | ||
| Q2 25 | 7.7% | 7.7% | ||
| Q1 25 | 8.3% | 1.5% | ||
| Q4 24 | 6.7% | 13.7% | ||
| Q3 24 | -17.6% | 20.5% | ||
| Q2 24 | 4.7% | 18.4% | ||
| Q1 24 | 5.1% | 18.0% |
| Q4 25 | 5.1% | — | ||
| Q3 25 | 0.2% | 1.1% | ||
| Q2 25 | 4.5% | -3.1% | ||
| Q1 25 | 3.1% | -6.1% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | -13.4% | 9.2% | ||
| Q2 24 | 1.3% | 7.9% | ||
| Q1 24 | 3.5% | 6.6% |
| Q4 25 | $0.44 | $-0.04 | ||
| Q3 25 | $0.01 | $0.01 | ||
| Q2 25 | $0.42 | $-0.02 | ||
| Q1 25 | $0.27 | $-0.04 | ||
| Q4 24 | $0.35 | $0.01 | ||
| Q3 24 | $-0.94 | $0.06 | ||
| Q2 24 | $0.11 | $0.05 | ||
| Q1 24 | $0.30 | $0.04 |
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 | $111.8M |
| Total DebtLower is stronger | $105.4M | $393.9M |
| Stockholders' EquityBook value | $271.6M | $804.7M |
| Total Assets | $659.4M | $1.4B |
| Debt / EquityLower = less leverage | 0.39× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $111.8M | ||
| Q3 25 | $64.8M | $101.4M | ||
| Q2 25 | $59.7M | $93.9M | ||
| Q1 25 | $49.4M | $94.1M | ||
| Q4 24 | $52.6M | $85.2M | ||
| Q3 24 | $51.0M | $174.4M | ||
| Q2 24 | $64.6M | $157.5M | ||
| Q1 24 | $59.2M | $139.2M |
| Q4 25 | $105.4M | $393.9M | ||
| Q3 25 | $106.5M | $331.7M | ||
| Q2 25 | $87.6M | $332.1M | ||
| Q1 25 | $73.9M | $332.6M | ||
| Q4 24 | $74.9M | $333.1M | ||
| Q3 24 | $83.4M | $333.6M | ||
| Q2 24 | $48.4M | $334.1M | ||
| Q1 24 | $48.9M | $334.5M |
| Q4 25 | $271.6M | $804.7M | ||
| Q3 25 | $263.6M | $813.4M | ||
| Q2 25 | $263.2M | $809.4M | ||
| Q1 25 | $256.1M | $775.1M | ||
| Q4 24 | $249.6M | $759.3M | ||
| Q3 24 | $247.1M | $765.0M | ||
| Q2 24 | $255.9M | $724.4M | ||
| Q1 24 | $256.0M | $709.1M |
| Q4 25 | $659.4M | $1.4B | ||
| Q3 25 | $643.3M | $1.4B | ||
| Q2 25 | $633.3M | $1.4B | ||
| Q1 25 | $628.3M | $1.4B | ||
| Q4 24 | $594.1M | $1.3B | ||
| Q3 24 | $590.9M | $1.2B | ||
| Q2 24 | $535.2M | $1.2B | ||
| Q1 24 | $490.3M | $1.1B |
| Q4 25 | 0.39× | 0.49× | ||
| Q3 25 | 0.40× | 0.41× | ||
| Q2 25 | 0.33× | 0.41× | ||
| Q1 25 | 0.29× | 0.43× | ||
| Q4 24 | 0.30× | 0.44× | ||
| Q3 24 | 0.34× | 0.44× | ||
| Q2 24 | 0.19× | 0.46× | ||
| Q1 24 | 0.19× | 0.47× |
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 | $25.3M |
| Free Cash FlowOCF − Capex | $22.5M | $20.9M |
| FCF MarginFCF / Revenue | 20.2% | 16.0% |
| Capex IntensityCapex / Revenue | 1.3% | 3.4% |
| Cash ConversionOCF / Net Profit | 4.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $75.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $25.3M | ||
| Q3 25 | $-11.7M | $24.0M | ||
| Q2 25 | $10.5M | $24.2M | ||
| Q1 25 | $1.6M | $19.7M | ||
| Q4 24 | $20.8M | $26.0M | ||
| Q3 24 | $-27.2M | $22.0M | ||
| Q2 24 | $8.3M | $27.3M | ||
| Q1 24 | $15.3M | $4.2M |
| Q4 25 | $22.5M | $20.9M | ||
| Q3 25 | $-13.5M | $17.4M | ||
| Q2 25 | $8.2M | $20.4M | ||
| Q1 25 | $-1.2M | $16.4M | ||
| Q4 24 | $18.3M | $18.8M | ||
| Q3 24 | $-32.6M | $18.2M | ||
| Q2 24 | $7.5M | $24.0M | ||
| Q1 24 | $14.8M | $746.0K |
| Q4 25 | 20.2% | 16.0% | ||
| Q3 25 | -12.6% | 13.2% | ||
| Q2 25 | 7.1% | 15.5% | ||
| Q1 25 | -1.0% | 13.9% | ||
| Q4 24 | 15.5% | 16.2% | ||
| Q3 24 | -36.8% | 15.7% | ||
| Q2 24 | 6.4% | 20.1% | ||
| Q1 24 | 13.4% | 0.7% |
| Q4 25 | 1.3% | 3.4% | ||
| Q3 25 | 1.6% | 5.0% | ||
| Q2 25 | 2.0% | 2.9% | ||
| Q1 25 | 2.5% | 2.8% | ||
| Q4 24 | 2.1% | 6.1% | ||
| Q3 24 | 6.1% | 3.2% | ||
| Q2 24 | 0.7% | 2.7% | ||
| Q1 24 | 0.4% | 3.0% |
| Q4 25 | 4.18× | — | ||
| Q3 25 | -72.48× | 17.36× | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 4.62× | — | ||
| Q3 24 | — | 2.04× | ||
| Q2 24 | 5.37× | 2.89× | ||
| Q1 24 | 3.96× | 0.56× |
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% |
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
