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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and Proficient Auto Logistics, Inc (PAL). Click either name above to swap in a different company.

AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $91.5M, roughly 1.2× Proficient Auto Logistics, Inc). AVIAT NETWORKS, INC. runs the higher net margin — 5.1% vs -1.5%, a 6.6% gap on every dollar of revenue.

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.

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

AVNW vs PAL — Head-to-Head

Bigger by revenue
AVNW
AVNW
1.2× larger
AVNW
$111.5M
$91.5M
PAL
Higher net margin
AVNW
AVNW
6.6% more per $
AVNW
5.1%
-1.5%
PAL

Income Statement — Q2 FY2026 vs Q3 FY2024

Metric
AVNW
AVNW
PAL
PAL
Revenue
$111.5M
$91.5M
Net Profit
$5.7M
$-1.4M
Gross Margin
32.4%
Operating Margin
6.5%
-2.4%
Net Margin
5.1%
-1.5%
Revenue YoY
-5.7%
Net Profit YoY
27.2%
EPS (diluted)
$0.44
$-0.05

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.

Revenue
AVNW
AVNW
PAL
PAL
Q4 25
$111.5M
Q3 25
$107.3M
Q2 25
$115.3M
Q1 25
$112.6M
Q4 24
$118.2M
Q3 24
$88.4M
$91.5M
Q2 24
$116.7M
Q1 24
$110.8M
Net Profit
AVNW
AVNW
PAL
PAL
Q4 25
$5.7M
Q3 25
$162.0K
Q2 25
$5.2M
Q1 25
$3.5M
Q4 24
$4.5M
Q3 24
$-11.9M
$-1.4M
Q2 24
$1.5M
Q1 24
$3.9M
Gross Margin
AVNW
AVNW
PAL
PAL
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%
Operating Margin
AVNW
AVNW
PAL
PAL
Q4 25
6.5%
Q3 25
4.8%
Q2 25
7.7%
Q1 25
8.3%
Q4 24
6.7%
Q3 24
-17.6%
-2.4%
Q2 24
4.7%
Q1 24
5.1%
Net Margin
AVNW
AVNW
PAL
PAL
Q4 25
5.1%
Q3 25
0.2%
Q2 25
4.5%
Q1 25
3.1%
Q4 24
3.8%
Q3 24
-13.4%
-1.5%
Q2 24
1.3%
Q1 24
3.5%
EPS (diluted)
AVNW
AVNW
PAL
PAL
Q4 25
$0.44
Q3 25
$0.01
Q2 25
$0.42
Q1 25
$0.27
Q4 24
$0.35
Q3 24
$-0.94
$-0.05
Q2 24
$0.11
Q1 24
$0.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVNW
AVNW
PAL
PAL
Cash + ST InvestmentsLiquidity on hand
$86.5M
$16.8M
Total DebtLower is stronger
$105.4M
$64.0M
Stockholders' EquityBook value
$271.6M
$338.5M
Total Assets
$659.4M
$498.2M
Debt / EquityLower = less leverage
0.39×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNW
AVNW
PAL
PAL
Q4 25
$86.5M
Q3 25
$64.8M
Q2 25
$59.7M
Q1 25
$49.4M
Q4 24
$52.6M
Q3 24
$51.0M
$16.8M
Q2 24
$64.6M
Q1 24
$59.2M
Total Debt
AVNW
AVNW
PAL
PAL
Q4 25
$105.4M
Q3 25
$106.5M
Q2 25
$87.6M
Q1 25
$73.9M
Q4 24
$74.9M
Q3 24
$83.4M
$64.0M
Q2 24
$48.4M
Q1 24
$48.9M
Stockholders' Equity
AVNW
AVNW
PAL
PAL
Q4 25
$271.6M
Q3 25
$263.6M
Q2 25
$263.2M
Q1 25
$256.1M
Q4 24
$249.6M
Q3 24
$247.1M
$338.5M
Q2 24
$255.9M
Q1 24
$256.0M
Total Assets
AVNW
AVNW
PAL
PAL
Q4 25
$659.4M
Q3 25
$643.3M
Q2 25
$633.3M
Q1 25
$628.3M
Q4 24
$594.1M
Q3 24
$590.9M
$498.2M
Q2 24
$535.2M
Q1 24
$490.3M
Debt / Equity
AVNW
AVNW
PAL
PAL
Q4 25
0.39×
Q3 25
0.40×
Q2 25
0.33×
Q1 25
0.29×
Q4 24
0.30×
Q3 24
0.34×
0.19×
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
AVNW
AVNW
PAL
PAL
Operating Cash FlowLast quarter
$23.9M
Free Cash FlowOCF − Capex
$22.5M
FCF MarginFCF / Revenue
20.2%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
4.18×
TTM Free Cash FlowTrailing 4 quarters
$16.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVNW
AVNW
PAL
PAL
Q4 25
$23.9M
Q3 25
$-11.7M
Q2 25
$10.5M
Q1 25
$1.6M
Q4 24
$20.8M
Q3 24
$-27.2M
Q2 24
$8.3M
Q1 24
$15.3M
Free Cash Flow
AVNW
AVNW
PAL
PAL
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
FCF Margin
AVNW
AVNW
PAL
PAL
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%
Capex Intensity
AVNW
AVNW
PAL
PAL
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%
Cash Conversion
AVNW
AVNW
PAL
PAL
Q4 25
4.18×
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
AVNW

Products$81.2M73%
Services$30.3M27%

PAL
PAL

Segment breakdown not available.

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