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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and PEOPLES BANCORP INC (PEBO). Click either name above to swap in a different company.

PEOPLES BANCORP INC is the larger business by last-quarter revenue ($118.7M vs $111.5M, roughly 1.1× AVIAT NETWORKS, INC.). PEOPLES BANCORP INC runs the higher net margin — 24.4% vs 5.1%, a 19.3% gap on every dollar of revenue. Over the past eight quarters, PEOPLES BANCORP INC's revenue compounded faster (3.7% 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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

AVNW vs PEBO — Head-to-Head

Bigger by revenue
PEBO
PEBO
1.1× larger
PEBO
$118.7M
$111.5M
AVNW
Higher net margin
PEBO
PEBO
19.3% more per $
PEBO
24.4%
5.1%
AVNW
Faster 2-yr revenue CAGR
PEBO
PEBO
Annualised
PEBO
3.7%
0.3%
AVNW

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AVNW
AVNW
PEBO
PEBO
Revenue
$111.5M
$118.7M
Net Profit
$5.7M
$29.0M
Gross Margin
32.4%
Operating Margin
6.5%
Net Margin
5.1%
24.4%
Revenue YoY
-5.7%
Net Profit YoY
27.2%
-8.7%
EPS (diluted)
$0.44
$0.81

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
PEBO
PEBO
Q1 26
$118.7M
Q4 25
$111.5M
$117.3M
Q3 25
$107.3M
$115.2M
Q2 25
$115.3M
$114.5M
Q1 25
$112.6M
$112.4M
Q4 24
$118.2M
$111.6M
Q3 24
$88.4M
$113.7M
Q2 24
$116.7M
$110.3M
Net Profit
AVNW
AVNW
PEBO
PEBO
Q1 26
$29.0M
Q4 25
$5.7M
$31.8M
Q3 25
$162.0K
$29.5M
Q2 25
$5.2M
$21.2M
Q1 25
$3.5M
$24.3M
Q4 24
$4.5M
$26.9M
Q3 24
$-11.9M
$31.7M
Q2 24
$1.5M
$29.0M
Gross Margin
AVNW
AVNW
PEBO
PEBO
Q1 26
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%
Operating Margin
AVNW
AVNW
PEBO
PEBO
Q1 26
Q4 25
6.5%
32.4%
Q3 25
4.8%
33.0%
Q2 25
7.7%
24.0%
Q1 25
8.3%
27.9%
Q4 24
6.7%
31.2%
Q3 24
-17.6%
36.0%
Q2 24
4.7%
32.5%
Net Margin
AVNW
AVNW
PEBO
PEBO
Q1 26
24.4%
Q4 25
5.1%
27.1%
Q3 25
0.2%
25.6%
Q2 25
4.5%
18.5%
Q1 25
3.1%
21.7%
Q4 24
3.8%
24.1%
Q3 24
-13.4%
27.9%
Q2 24
1.3%
26.3%
EPS (diluted)
AVNW
AVNW
PEBO
PEBO
Q1 26
$0.81
Q4 25
$0.44
$0.89
Q3 25
$0.01
$0.83
Q2 25
$0.42
$0.59
Q1 25
$0.27
$0.68
Q4 24
$0.35
$0.76
Q3 24
$-0.94
$0.89
Q2 24
$0.11
$0.82

Balance Sheet & Financial Strength

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

Metric
AVNW
AVNW
PEBO
PEBO
Cash + ST InvestmentsLiquidity on hand
$86.5M
$82.9M
Total DebtLower is stronger
$105.4M
$691.3M
Stockholders' EquityBook value
$271.6M
$1.2B
Total Assets
$659.4M
$9.6B
Debt / EquityLower = less leverage
0.39×
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNW
AVNW
PEBO
PEBO
Q1 26
$82.9M
Q4 25
$86.5M
$189.0M
Q3 25
$64.8M
$190.2M
Q2 25
$59.7M
$186.1M
Q1 25
$49.4M
$187.0M
Q4 24
$52.6M
$217.7M
Q3 24
$51.0M
$283.7M
Q2 24
$64.6M
$235.9M
Total Debt
AVNW
AVNW
PEBO
PEBO
Q1 26
$691.3M
Q4 25
$105.4M
$204.1M
Q3 25
$106.5M
$227.3M
Q2 25
$87.6M
$232.4M
Q1 25
$73.9M
$237.0M
Q4 24
$74.9M
$238.1M
Q3 24
$83.4M
$236.8M
Q2 24
$48.4M
$234.3M
Stockholders' Equity
AVNW
AVNW
PEBO
PEBO
Q1 26
$1.2B
Q4 25
$271.6M
$1.2B
Q3 25
$263.6M
$1.2B
Q2 25
$263.2M
$1.2B
Q1 25
$256.1M
$1.1B
Q4 24
$249.6M
$1.1B
Q3 24
$247.1M
$1.1B
Q2 24
$255.9M
$1.1B
Total Assets
AVNW
AVNW
PEBO
PEBO
Q1 26
$9.6B
Q4 25
$659.4M
$9.6B
Q3 25
$643.3M
$9.6B
Q2 25
$633.3M
$9.5B
Q1 25
$628.3M
$9.2B
Q4 24
$594.1M
$9.3B
Q3 24
$590.9M
$9.1B
Q2 24
$535.2M
$9.2B
Debt / Equity
AVNW
AVNW
PEBO
PEBO
Q1 26
0.57×
Q4 25
0.39×
0.17×
Q3 25
0.40×
0.19×
Q2 25
0.33×
0.20×
Q1 25
0.29×
0.21×
Q4 24
0.30×
0.21×
Q3 24
0.34×
0.21×
Q2 24
0.19×
0.22×

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
PEBO
PEBO
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
PEBO
PEBO
Q1 26
Q4 25
$23.9M
$134.7M
Q3 25
$-11.7M
$14.4M
Q2 25
$10.5M
$50.7M
Q1 25
$1.6M
$34.3M
Q4 24
$20.8M
$143.2M
Q3 24
$-27.2M
$34.1M
Q2 24
$8.3M
$32.1M
Free Cash Flow
AVNW
AVNW
PEBO
PEBO
Q1 26
Q4 25
$22.5M
$128.7M
Q3 25
$-13.5M
$12.7M
Q2 25
$8.2M
$49.2M
Q1 25
$-1.2M
$31.5M
Q4 24
$18.3M
$136.4M
Q3 24
$-32.6M
$33.2M
Q2 24
$7.5M
$30.2M
FCF Margin
AVNW
AVNW
PEBO
PEBO
Q1 26
Q4 25
20.2%
109.7%
Q3 25
-12.6%
11.0%
Q2 25
7.1%
43.0%
Q1 25
-1.0%
28.1%
Q4 24
15.5%
122.2%
Q3 24
-36.8%
29.2%
Q2 24
6.4%
27.4%
Capex Intensity
AVNW
AVNW
PEBO
PEBO
Q1 26
Q4 25
1.3%
5.1%
Q3 25
1.6%
1.5%
Q2 25
2.0%
1.3%
Q1 25
2.5%
2.4%
Q4 24
2.1%
6.1%
Q3 24
6.1%
0.8%
Q2 24
0.7%
1.7%
Cash Conversion
AVNW
AVNW
PEBO
PEBO
Q1 26
Q4 25
4.18×
4.24×
Q3 25
-72.48×
0.49×
Q2 25
2.02×
2.39×
Q1 25
0.46×
1.41×
Q4 24
4.62×
5.32×
Q3 24
1.08×
Q2 24
5.37×
1.11×

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%

PEBO
PEBO

Net Interest Income$90.4M76%
Noninterest Income$28.3M24%

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