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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and ROGERS CORP (ROG). Click either name above to swap in a different company.
ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $111.5M, roughly 1.8× AVIAT NETWORKS, INC.). AVIAT NETWORKS, INC. runs the higher net margin — 5.1% vs 2.2%, a 2.9% gap on every dollar of revenue. On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs -5.7%). AVIAT NETWORKS, INC. produced more free cash flow last quarter ($22.5M vs $1.1M). Over the past eight quarters, AVIAT NETWORKS, INC.'s revenue compounded faster (0.3% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
AVNW vs ROG — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $200.5M |
| Net Profit | $5.7M | $4.5M |
| Gross Margin | 32.4% | 32.2% |
| Operating Margin | 6.5% | — |
| Net Margin | 5.1% | 2.2% |
| Revenue YoY | -5.7% | 5.2% |
| Net Profit YoY | 27.2% | 421.4% |
| EPS (diluted) | $0.44 | $0.25 |
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 | — | $200.5M | ||
| Q4 25 | $111.5M | $201.5M | ||
| Q3 25 | $107.3M | $216.0M | ||
| Q2 25 | $115.3M | $202.8M | ||
| Q1 25 | $112.6M | $190.5M | ||
| Q4 24 | $118.2M | $192.2M | ||
| Q3 24 | $88.4M | $210.3M | ||
| Q2 24 | $116.7M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $5.7M | $4.6M | ||
| Q3 25 | $162.0K | $8.6M | ||
| Q2 25 | $5.2M | $-73.6M | ||
| Q1 25 | $3.5M | $-1.4M | ||
| Q4 24 | $4.5M | $-500.0K | ||
| Q3 24 | $-11.9M | $10.7M | ||
| Q2 24 | $1.5M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | 32.4% | 31.5% | ||
| Q3 25 | 33.2% | 33.5% | ||
| Q2 25 | 34.2% | 31.6% | ||
| Q1 25 | 34.9% | 29.9% | ||
| Q4 24 | 34.6% | 32.1% | ||
| Q3 24 | 22.4% | 35.2% | ||
| Q2 24 | 35.3% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 3.5% | ||
| Q3 25 | 4.8% | 7.3% | ||
| Q2 25 | 7.7% | -33.3% | ||
| Q1 25 | 8.3% | -0.2% | ||
| Q4 24 | 6.7% | -6.6% | ||
| Q3 24 | -17.6% | 6.9% | ||
| Q2 24 | 4.7% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 5.1% | 2.3% | ||
| Q3 25 | 0.2% | 4.0% | ||
| Q2 25 | 4.5% | -36.3% | ||
| Q1 25 | 3.1% | -0.7% | ||
| Q4 24 | 3.8% | -0.3% | ||
| Q3 24 | -13.4% | 5.1% | ||
| Q2 24 | 1.3% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $0.44 | $0.20 | ||
| Q3 25 | $0.01 | $0.48 | ||
| Q2 25 | $0.42 | $-4.00 | ||
| Q1 25 | $0.27 | $-0.08 | ||
| Q4 24 | $0.35 | $-0.04 | ||
| Q3 24 | $-0.94 | $0.58 | ||
| Q2 24 | $0.11 | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | $105.4M | — |
| Stockholders' EquityBook value | $271.6M | $1.2B |
| Total Assets | $659.4M | $1.4B |
| Debt / EquityLower = less leverage | 0.39× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $86.5M | $197.0M | ||
| Q3 25 | $64.8M | $167.8M | ||
| Q2 25 | $59.7M | $157.2M | ||
| Q1 25 | $49.4M | $175.6M | ||
| Q4 24 | $52.6M | $159.8M | ||
| Q3 24 | $51.0M | $146.4M | ||
| Q2 24 | $64.6M | $119.9M |
| Q1 26 | — | — | ||
| Q4 25 | $105.4M | — | ||
| Q3 25 | $106.5M | — | ||
| Q2 25 | $87.6M | — | ||
| Q1 25 | $73.9M | — | ||
| Q4 24 | $74.9M | — | ||
| Q3 24 | $83.4M | — | ||
| Q2 24 | $48.4M | — |
| 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 | $1.3B | ||
| Q4 24 | $249.6M | $1.3B | ||
| Q3 24 | $247.1M | $1.3B | ||
| Q2 24 | $255.9M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $659.4M | $1.4B | ||
| Q3 25 | $643.3M | $1.4B | ||
| Q2 25 | $633.3M | $1.5B | ||
| Q1 25 | $628.3M | $1.5B | ||
| Q4 24 | $594.1M | $1.5B | ||
| Q3 24 | $590.9M | $1.5B | ||
| Q2 24 | $535.2M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $23.9M | $5.8M |
| Free Cash FlowOCF − Capex | $22.5M | $1.1M |
| FCF MarginFCF / Revenue | 20.2% | 0.5% |
| Capex IntensityCapex / Revenue | 1.3% | 2.3% |
| Cash ConversionOCF / Net Profit | 4.18× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $23.9M | $46.9M | ||
| Q3 25 | $-11.7M | $28.9M | ||
| Q2 25 | $10.5M | $13.7M | ||
| Q1 25 | $1.6M | $11.7M | ||
| Q4 24 | $20.8M | $33.7M | ||
| Q3 24 | $-27.2M | $42.4M | ||
| Q2 24 | $8.3M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $22.5M | $42.2M | ||
| Q3 25 | $-13.5M | $21.2M | ||
| Q2 25 | $8.2M | $5.6M | ||
| Q1 25 | $-1.2M | $2.1M | ||
| Q4 24 | $18.3M | $18.3M | ||
| Q3 24 | $-32.6M | $25.2M | ||
| Q2 24 | $7.5M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 20.2% | 20.9% | ||
| Q3 25 | -12.6% | 9.8% | ||
| Q2 25 | 7.1% | 2.8% | ||
| Q1 25 | -1.0% | 1.1% | ||
| Q4 24 | 15.5% | 9.5% | ||
| Q3 24 | -36.8% | 12.0% | ||
| Q2 24 | 6.4% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 1.3% | 2.3% | ||
| Q3 25 | 1.6% | 3.6% | ||
| Q2 25 | 2.0% | 4.0% | ||
| Q1 25 | 2.5% | 5.0% | ||
| Q4 24 | 2.1% | 8.0% | ||
| Q3 24 | 6.1% | 8.2% | ||
| Q2 24 | 0.7% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | 4.18× | 10.20× | ||
| Q3 25 | -72.48× | 3.36× | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 4.62× | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | 5.37× | 2.83× |
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% |
ROG
Segment breakdown not available.
