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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and PROCEPT BioRobotics Corp (PRCT). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $83.1M, roughly 1.3× PROCEPT BioRobotics Corp). AVIAT NETWORKS, INC. runs the higher net margin — 5.1% vs -38.1%, a 43.2% gap on every dollar of revenue. On growth, PROCEPT BioRobotics Corp posted the faster year-over-year revenue change (20.2% vs -5.7%). Over the past eight quarters, PROCEPT BioRobotics Corp's revenue compounded faster (24.8% 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.
PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.
AVNW vs PRCT — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $83.1M |
| Net Profit | $5.7M | $-31.6M |
| Gross Margin | 32.4% | 64.9% |
| Operating Margin | 6.5% | -4.1% |
| Net Margin | 5.1% | -38.1% |
| Revenue YoY | -5.7% | 20.2% |
| Net Profit YoY | 27.2% | -27.9% |
| EPS (diluted) | $0.44 | $-0.56 |
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.
| Q1 26 | — | $83.1M | ||
| Q4 25 | $111.5M | $76.4M | ||
| Q3 25 | $107.3M | $83.3M | ||
| Q2 25 | $115.3M | $79.2M | ||
| Q1 25 | $112.6M | $69.2M | ||
| Q4 24 | $118.2M | $68.2M | ||
| Q3 24 | $88.4M | $58.4M | ||
| Q2 24 | $116.7M | $53.4M |
| Q1 26 | — | $-31.6M | ||
| Q4 25 | $5.7M | $-29.8M | ||
| Q3 25 | $162.0K | $-21.4M | ||
| Q2 25 | $5.2M | $-19.6M | ||
| Q1 25 | $3.5M | $-24.7M | ||
| Q4 24 | $4.5M | $-18.9M | ||
| Q3 24 | $-11.9M | $-21.0M | ||
| Q2 24 | $1.5M | $-25.6M |
| Q1 26 | — | 64.9% | ||
| Q4 25 | 32.4% | 60.6% | ||
| Q3 25 | 33.2% | 64.8% | ||
| Q2 25 | 34.2% | 65.4% | ||
| Q1 25 | 34.9% | 63.9% | ||
| Q4 24 | 34.6% | 64.0% | ||
| Q3 24 | 22.4% | 63.2% | ||
| Q2 24 | 35.3% | 59.0% |
| Q1 26 | — | -4.1% | ||
| Q4 25 | 6.5% | -40.6% | ||
| Q3 25 | 4.8% | -27.8% | ||
| Q2 25 | 7.7% | -28.0% | ||
| Q1 25 | 8.3% | -39.7% | ||
| Q4 24 | 6.7% | -28.9% | ||
| Q3 24 | -17.6% | -38.4% | ||
| Q2 24 | 4.7% | -50.3% |
| Q1 26 | — | -38.1% | ||
| Q4 25 | 5.1% | -39.1% | ||
| Q3 25 | 0.2% | -25.7% | ||
| Q2 25 | 4.5% | -24.7% | ||
| Q1 25 | 3.1% | -35.8% | ||
| Q4 24 | 3.8% | -27.6% | ||
| Q3 24 | -13.4% | -35.9% | ||
| Q2 24 | 1.3% | -48.0% |
| Q1 26 | — | $-0.56 | ||
| Q4 25 | $0.44 | $-0.54 | ||
| Q3 25 | $0.01 | $-0.38 | ||
| Q2 25 | $0.42 | $-0.35 | ||
| Q1 25 | $0.27 | $-0.45 | ||
| Q4 24 | $0.35 | $-0.34 | ||
| Q3 24 | $-0.94 | $-0.40 | ||
| Q2 24 | $0.11 | $-0.50 |
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 | $245.6M |
| Total DebtLower is stronger | $105.4M | $51.7M |
| Stockholders' EquityBook value | $271.6M | $347.7M |
| Total Assets | $659.4M | $487.1M |
| Debt / EquityLower = less leverage | 0.39× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $245.6M | ||
| Q4 25 | $86.5M | $286.5M | ||
| Q3 25 | $64.8M | $294.3M | ||
| Q2 25 | $59.7M | $302.7M | ||
| Q1 25 | $49.4M | $316.2M | ||
| Q4 24 | $52.6M | $333.7M | ||
| Q3 24 | $51.0M | $196.8M | ||
| Q2 24 | $64.6M | $214.1M |
| Q1 26 | — | $51.7M | ||
| Q4 25 | $105.4M | $51.6M | ||
| Q3 25 | $106.5M | $51.6M | ||
| Q2 25 | $87.6M | $51.5M | ||
| Q1 25 | $73.9M | $51.5M | ||
| Q4 24 | $74.9M | $51.5M | ||
| Q3 24 | $83.4M | $51.4M | ||
| Q2 24 | $48.4M | $51.4M |
| Q1 26 | — | $347.7M | ||
| Q4 25 | $271.6M | $365.9M | ||
| Q3 25 | $263.6M | $380.3M | ||
| Q2 25 | $263.2M | $385.8M | ||
| Q1 25 | $256.1M | $389.2M | ||
| Q4 24 | $249.6M | $402.2M | ||
| Q3 24 | $247.1M | $241.2M | ||
| Q2 24 | $255.9M | $251.8M |
| Q1 26 | — | $487.1M | ||
| Q4 25 | $659.4M | $508.1M | ||
| Q3 25 | $643.3M | $511.5M | ||
| Q2 25 | $633.3M | $513.1M | ||
| Q1 25 | $628.3M | $519.4M | ||
| Q4 24 | $594.1M | $534.0M | ||
| Q3 24 | $590.9M | $374.1M | ||
| Q2 24 | $535.2M | $374.4M |
| Q1 26 | — | 0.15× | ||
| Q4 25 | 0.39× | 0.14× | ||
| Q3 25 | 0.40× | 0.14× | ||
| Q2 25 | 0.33× | 0.13× | ||
| Q1 25 | 0.29× | 0.13× | ||
| Q4 24 | 0.30× | 0.13× | ||
| Q3 24 | 0.34× | 0.21× | ||
| Q2 24 | 0.19× | 0.20× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $23.9M | $-10.3M | ||
| Q3 25 | $-11.7M | $-6.6M | ||
| Q2 25 | $10.5M | $-15.0M | ||
| Q1 25 | $1.6M | $-17.0M | ||
| Q4 24 | $20.8M | $-32.4M | ||
| Q3 24 | $-27.2M | $-18.8M | ||
| Q2 24 | $8.3M | $-15.7M |
| Q1 26 | — | — | ||
| Q4 25 | $22.5M | $-12.2M | ||
| Q3 25 | $-13.5M | $-9.5M | ||
| Q2 25 | $8.2M | $-17.8M | ||
| Q1 25 | $-1.2M | $-18.8M | ||
| Q4 24 | $18.3M | $-33.6M | ||
| Q3 24 | $-32.6M | $-19.0M | ||
| Q2 24 | $7.5M | $-16.8M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | -15.9% | ||
| Q3 25 | -12.6% | -11.4% | ||
| Q2 25 | 7.1% | -22.5% | ||
| Q1 25 | -1.0% | -27.2% | ||
| Q4 24 | 15.5% | -49.2% | ||
| Q3 24 | -36.8% | -32.6% | ||
| Q2 24 | 6.4% | -31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 2.4% | ||
| Q3 25 | 1.6% | 3.4% | ||
| Q2 25 | 2.0% | 3.5% | ||
| Q1 25 | 2.5% | 2.7% | ||
| Q4 24 | 2.1% | 1.7% | ||
| Q3 24 | 6.1% | 0.4% | ||
| Q2 24 | 0.7% | 2.0% |
| Q1 26 | — | — | ||
| 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× | — |
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% |
PRCT
| Handpieces and other consumables | $43.0M | 52% |
| System sales and rentals | $23.4M | 28% |
| Other | $11.1M | 13% |
| Service | $5.6M | 7% |
