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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and ServisFirst Bancshares, Inc. (SFBS). Click either name above to swap in a different company.
ServisFirst Bancshares, Inc. is the larger business by last-quarter revenue ($159.0M vs $111.5M, roughly 1.4× AVIAT NETWORKS, INC.). ServisFirst Bancshares, Inc. runs the higher net margin — 52.2% vs 5.1%, a 47.1% gap on every dollar of revenue. Over the past eight quarters, ServisFirst Bancshares, Inc.'s revenue compounded faster (17.7% 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.
ServisFirst Bancshares, Inc. is a U.S.-based bank holding company operating full-service banking locations primarily across the Southeastern United States. It offers a full suite of commercial banking, consumer banking, wealth management, and mortgage lending services to small and medium-sized businesses, professional clients, and individual consumers.
AVNW vs SFBS — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $159.0M |
| Net Profit | $5.7M | $83.0M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | — |
| Net Margin | 5.1% | 52.2% |
| Revenue YoY | -5.7% | — |
| Net Profit YoY | 27.2% | 31.2% |
| EPS (diluted) | $0.44 | $1.52 |
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 | — | $159.0M | ||
| Q4 25 | $111.5M | $162.2M | ||
| Q3 25 | $107.3M | $136.3M | ||
| Q2 25 | $115.3M | $132.1M | ||
| Q1 25 | $112.6M | $131.8M | ||
| Q4 24 | $118.2M | $131.9M | ||
| Q3 24 | $88.4M | $123.7M | ||
| Q2 24 | $116.7M | $114.8M |
| Q1 26 | — | $83.0M | ||
| Q4 25 | $5.7M | $86.4M | ||
| Q3 25 | $162.0K | $65.6M | ||
| Q2 25 | $5.2M | $61.4M | ||
| Q1 25 | $3.5M | $63.2M | ||
| Q4 24 | $4.5M | $65.2M | ||
| Q3 24 | $-11.9M | $59.9M | ||
| Q2 24 | $1.5M | $52.1M |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 66.3% | ||
| Q3 25 | 4.8% | 57.8% | ||
| Q2 25 | 7.7% | 58.0% | ||
| Q1 25 | 8.3% | 60.0% | ||
| Q4 24 | 6.7% | 60.2% | ||
| Q3 24 | -17.6% | 58.5% | ||
| Q2 24 | 4.7% | 58.0% |
| Q1 26 | — | 52.2% | ||
| Q4 25 | 5.1% | 59.0% | ||
| Q3 25 | 0.2% | 48.1% | ||
| Q2 25 | 4.5% | 46.5% | ||
| Q1 25 | 3.1% | 48.0% | ||
| Q4 24 | 3.8% | 52.9% | ||
| Q3 24 | -13.4% | 48.4% | ||
| Q2 24 | 1.3% | 45.4% |
| Q1 26 | — | $1.52 | ||
| Q4 25 | $0.44 | $1.58 | ||
| Q3 25 | $0.01 | $1.20 | ||
| Q2 25 | $0.42 | $1.12 | ||
| Q1 25 | $0.27 | $1.16 | ||
| Q4 24 | $0.35 | $1.19 | ||
| Q3 24 | $-0.94 | $1.10 | ||
| Q2 24 | $0.11 | $0.95 |
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 | $1.8B |
| Total DebtLower is stronger | $105.4M | — |
| Stockholders' EquityBook value | $271.6M | $1.9B |
| Total Assets | $659.4M | $18.2B |
| Debt / EquityLower = less leverage | 0.39× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $86.5M | — | ||
| Q3 25 | $64.8M | — | ||
| Q2 25 | $59.7M | — | ||
| Q1 25 | $49.4M | — | ||
| Q4 24 | $52.6M | — | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $64.6M | — |
| 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 | — | $1.9B | ||
| Q4 25 | $271.6M | $1.8B | ||
| Q3 25 | $263.6M | $1.8B | ||
| Q2 25 | $263.2M | $1.7B | ||
| Q1 25 | $256.1M | $1.7B | ||
| Q4 24 | $249.6M | $1.6B | ||
| Q3 24 | $247.1M | $1.6B | ||
| Q2 24 | $255.9M | $1.5B |
| Q1 26 | — | $18.2B | ||
| Q4 25 | $659.4M | $17.7B | ||
| Q3 25 | $643.3M | $17.6B | ||
| Q2 25 | $633.3M | $17.4B | ||
| Q1 25 | $628.3M | $18.6B | ||
| Q4 24 | $594.1M | $17.4B | ||
| Q3 24 | $590.9M | $16.4B | ||
| Q2 24 | $535.2M | $16.0B |
| 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 | — |
| 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 | $355.2M | ||
| Q3 25 | $-11.7M | $140.9M | ||
| Q2 25 | $10.5M | $67.6M | ||
| Q1 25 | $1.6M | $48.0M | ||
| Q4 24 | $20.8M | $252.9M | ||
| Q3 24 | $-27.2M | $84.0M | ||
| Q2 24 | $8.3M | $48.3M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 4.18× | 4.11× | ||
| Q3 25 | -72.48× | 2.15× | ||
| Q2 25 | 2.02× | 1.10× | ||
| Q1 25 | 0.46× | 0.76× | ||
| Q4 24 | 4.62× | 3.88× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | 5.37× | 0.93× |
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% |
SFBS
| Net Interest Income | $148.1M | 93% |
| Noninterest Income | $10.8M | 7% |
