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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and OPKO HEALTH, INC. (OPK). Click either name above to swap in a different company.
OPKO HEALTH, INC. is the larger business by last-quarter revenue ($148.5M vs $111.5M, roughly 1.3× AVIAT NETWORKS, INC.). AVIAT NETWORKS, INC. runs the higher net margin — 5.1% vs -21.1%, a 26.2% gap on every dollar of revenue. On growth, AVIAT NETWORKS, INC. posted the faster year-over-year revenue change (-5.7% vs -19.2%). AVIAT NETWORKS, INC. produced more free cash flow last quarter ($22.5M vs $-28.6M). Over the past eight quarters, AVIAT NETWORKS, INC.'s revenue compounded faster (0.3% CAGR vs -7.5%).
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.
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
AVNW vs OPK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $148.5M |
| Net Profit | $5.7M | $-31.3M |
| Gross Margin | 32.4% | 43.1% |
| Operating Margin | 6.5% | -25.8% |
| Net Margin | 5.1% | -21.1% |
| Revenue YoY | -5.7% | -19.2% |
| Net Profit YoY | 27.2% | -322.8% |
| 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 | $148.5M | ||
| Q3 25 | $107.3M | $151.7M | ||
| Q2 25 | $115.3M | $156.8M | ||
| Q1 25 | $112.6M | $150.0M | ||
| Q4 24 | $118.2M | $183.6M | ||
| Q3 24 | $88.4M | $173.6M | ||
| Q2 24 | $116.7M | $182.2M | ||
| Q1 24 | $110.8M | $173.7M |
| Q4 25 | $5.7M | $-31.3M | ||
| Q3 25 | $162.0K | $21.6M | ||
| Q2 25 | $5.2M | $-148.4M | ||
| Q1 25 | $3.5M | $-67.6M | ||
| Q4 24 | $4.5M | $14.0M | ||
| Q3 24 | $-11.9M | $24.9M | ||
| Q2 24 | $1.5M | $-10.3M | ||
| Q1 24 | $3.9M | $-81.8M |
| Q4 25 | 32.4% | 43.1% | ||
| Q3 25 | 33.2% | 32.9% | ||
| Q2 25 | 34.2% | 31.5% | ||
| Q1 25 | 34.9% | 28.4% | ||
| Q4 24 | 34.6% | 46.1% | ||
| Q3 24 | 22.4% | 23.1% | ||
| Q2 24 | 35.3% | 28.4% | ||
| Q1 24 | 32.5% | 24.2% |
| Q4 25 | 6.5% | -25.8% | ||
| Q3 25 | 4.8% | 31.7% | ||
| Q2 25 | 7.7% | -38.3% | ||
| Q1 25 | 8.3% | -44.8% | ||
| Q4 24 | 6.7% | -18.0% | ||
| Q3 24 | -17.6% | 8.2% | ||
| Q2 24 | 4.7% | -33.9% | ||
| Q1 24 | 5.1% | -41.2% |
| Q4 25 | 5.1% | -21.1% | ||
| Q3 25 | 0.2% | 14.3% | ||
| Q2 25 | 4.5% | -94.7% | ||
| Q1 25 | 3.1% | -45.1% | ||
| Q4 24 | 3.8% | 7.6% | ||
| Q3 24 | -13.4% | 14.3% | ||
| Q2 24 | 1.3% | -5.7% | ||
| Q1 24 | 3.5% | -47.1% |
| Q4 25 | $0.44 | $-0.04 | ||
| Q3 25 | $0.01 | $0.03 | ||
| Q2 25 | $0.42 | $-0.19 | ||
| Q1 25 | $0.27 | $-0.10 | ||
| Q4 24 | $0.35 | $0.02 | ||
| Q3 24 | $-0.94 | $0.03 | ||
| Q2 24 | $0.11 | $-0.01 | ||
| Q1 24 | $0.30 | $-0.12 |
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 | $364.4M |
| Total DebtLower is stronger | $105.4M | $344.0M |
| Stockholders' EquityBook value | $271.6M | $1.3B |
| Total Assets | $659.4M | $1.9B |
| Debt / EquityLower = less leverage | 0.39× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $364.4M | ||
| Q3 25 | $64.8M | $412.0M | ||
| Q2 25 | $59.7M | $267.3M | ||
| Q1 25 | $49.4M | $428.8M | ||
| Q4 24 | $52.6M | $426.6M | ||
| Q3 24 | $51.0M | $400.1M | ||
| Q2 24 | $64.6M | $40.6M | ||
| Q1 24 | $59.2M | $75.6M |
| Q4 25 | $105.4M | $344.0M | ||
| Q3 25 | $106.5M | $344.2M | ||
| Q2 25 | $87.6M | $343.3M | ||
| Q1 25 | $73.9M | $439.2M | ||
| Q4 24 | $74.9M | $437.2M | ||
| Q3 24 | $83.4M | $441.0M | ||
| Q2 24 | $48.4M | $201.9M | ||
| Q1 24 | $48.9M | $350.1M |
| Q4 25 | $271.6M | $1.3B | ||
| Q3 25 | $263.6M | $1.3B | ||
| Q2 25 | $263.2M | $1.3B | ||
| Q1 25 | $256.1M | $1.3B | ||
| Q4 24 | $249.6M | $1.4B | ||
| Q3 24 | $247.1M | $1.4B | ||
| Q2 24 | $255.9M | $1.4B | ||
| Q1 24 | $256.0M | $1.3B |
| Q4 25 | $659.4M | $1.9B | ||
| Q3 25 | $643.3M | $2.0B | ||
| Q2 25 | $633.3M | $2.0B | ||
| Q1 25 | $628.3M | $2.1B | ||
| Q4 24 | $594.1M | $2.2B | ||
| Q3 24 | $590.9M | $2.3B | ||
| Q2 24 | $535.2M | $2.0B | ||
| Q1 24 | $490.3M | $2.0B |
| Q4 25 | 0.39× | 0.27× | ||
| Q3 25 | 0.40× | 0.26× | ||
| Q2 25 | 0.33× | 0.26× | ||
| Q1 25 | 0.29× | 0.33× | ||
| Q4 24 | 0.30× | 0.32× | ||
| Q3 24 | 0.34× | 0.31× | ||
| Q2 24 | 0.19× | 0.14× | ||
| Q1 24 | 0.19× | 0.28× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $22.5M | $-28.6M |
| FCF MarginFCF / Revenue | 20.2% | -19.3% |
| Capex IntensityCapex / Revenue | 1.3% | 1.8% |
| Cash ConversionOCF / Net Profit | 4.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $-25.9M | ||
| Q3 25 | $-11.7M | $-34.6M | ||
| Q2 25 | $10.5M | $-83.4M | ||
| Q1 25 | $1.6M | $-34.6M | ||
| Q4 24 | $20.8M | $-44.4M | ||
| Q3 24 | $-27.2M | $-77.1M | ||
| Q2 24 | $8.3M | $-26.4M | ||
| Q1 24 | $15.3M | $-35.6M |
| Q4 25 | $22.5M | $-28.6M | ||
| Q3 25 | $-13.5M | $-37.8M | ||
| Q2 25 | $8.2M | $-86.7M | ||
| Q1 25 | $-1.2M | $-37.7M | ||
| Q4 24 | $18.3M | $-49.8M | ||
| Q3 24 | $-32.6M | $-85.0M | ||
| Q2 24 | $7.5M | $-33.7M | ||
| Q1 24 | $14.8M | $-40.0M |
| Q4 25 | 20.2% | -19.3% | ||
| Q3 25 | -12.6% | -24.9% | ||
| Q2 25 | 7.1% | -55.3% | ||
| Q1 25 | -1.0% | -25.2% | ||
| Q4 24 | 15.5% | -27.1% | ||
| Q3 24 | -36.8% | -49.0% | ||
| Q2 24 | 6.4% | -18.5% | ||
| Q1 24 | 13.4% | -23.0% |
| Q4 25 | 1.3% | 1.8% | ||
| Q3 25 | 1.6% | 2.1% | ||
| Q2 25 | 2.0% | 2.1% | ||
| Q1 25 | 2.5% | 2.1% | ||
| Q4 24 | 2.1% | 2.9% | ||
| Q3 24 | 6.1% | 4.6% | ||
| Q2 24 | 0.7% | 4.0% | ||
| Q1 24 | 0.4% | 2.6% |
| Q4 25 | 4.18× | — | ||
| Q3 25 | -72.48× | -1.60× | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 4.62× | -3.17× | ||
| Q3 24 | — | -3.10× | ||
| 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% |
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
