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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and SHORE BANCSHARES INC (SHBI). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $59.1M, roughly 1.9× SHORE BANCSHARES INC). On growth, SHORE BANCSHARES INC posted the faster year-over-year revenue change (11.8% vs -5.7%). SHORE BANCSHARES INC produced more free cash flow last quarter ($59.2M vs $22.5M). Over the past eight quarters, SHORE BANCSHARES INC's revenue compounded faster (11.3% 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.
Shore Bancshares Inc. is a U.S. regional bank holding company headquartered in Maryland. It offers a full range of retail and commercial banking services, including deposit products, personal and commercial loans, and wealth management solutions, primarily serving local individual customers, small businesses and mid-sized enterprises in its operating regions.
AVNW vs SHBI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $59.1M |
| Net Profit | $5.7M | — |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | 35.2% |
| Net Margin | 5.1% | — |
| Revenue YoY | -5.7% | 11.8% |
| Net Profit YoY | 27.2% | — |
| EPS (diluted) | $0.44 | $0.48 |
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.
| Q4 25 | $111.5M | $59.1M | ||
| Q3 25 | $107.3M | $56.4M | ||
| Q2 25 | $115.3M | $56.6M | ||
| Q1 25 | $112.6M | $53.0M | ||
| Q4 24 | $118.2M | $52.9M | ||
| Q3 24 | $88.4M | $50.5M | ||
| Q2 24 | $116.7M | $50.6M | ||
| Q1 24 | $110.8M | $47.7M |
| Q4 25 | $5.7M | — | ||
| Q3 25 | $162.0K | $14.3M | ||
| Q2 25 | $5.2M | $15.5M | ||
| Q1 25 | $3.5M | $13.8M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $-11.9M | $11.2M | ||
| Q2 24 | $1.5M | $11.2M | ||
| Q1 24 | $3.9M | $8.2M |
| 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% | — |
| Q4 25 | 6.5% | 35.2% | ||
| Q3 25 | 4.8% | 33.7% | ||
| Q2 25 | 7.7% | 36.5% | ||
| Q1 25 | 8.3% | 34.4% | ||
| Q4 24 | 6.7% | 34.3% | ||
| Q3 24 | -17.6% | 29.6% | ||
| Q2 24 | 4.7% | 29.7% | ||
| Q1 24 | 5.1% | 22.2% |
| Q4 25 | 5.1% | — | ||
| Q3 25 | 0.2% | 25.5% | ||
| Q2 25 | 4.5% | 27.4% | ||
| Q1 25 | 3.1% | 26.0% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | -13.4% | 22.1% | ||
| Q2 24 | 1.3% | 22.2% | ||
| Q1 24 | 3.5% | 17.2% |
| Q4 25 | $0.44 | $0.48 | ||
| Q3 25 | $0.01 | $0.43 | ||
| Q2 25 | $0.42 | $0.46 | ||
| Q1 25 | $0.27 | $0.41 | ||
| Q4 24 | $0.35 | $0.39 | ||
| Q3 24 | $-0.94 | $0.34 | ||
| Q2 24 | $0.11 | $0.34 | ||
| Q1 24 | $0.30 | $0.25 |
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 | $355.6M |
| Total DebtLower is stronger | $105.4M | $89.1M |
| Stockholders' EquityBook value | $271.6M | $589.9M |
| Total Assets | $659.4M | $6.3B |
| Debt / EquityLower = less leverage | 0.39× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $355.6M | ||
| Q3 25 | $64.8M | $416.5M | ||
| Q2 25 | $59.7M | $185.0M | ||
| Q1 25 | $49.4M | $389.0M | ||
| Q4 24 | $52.6M | $459.9M | ||
| Q3 24 | $51.0M | $183.6M | ||
| Q2 24 | $64.6M | $138.9M | ||
| Q1 24 | $59.2M | $114.6M |
| Q4 25 | $105.4M | $89.1M | ||
| Q3 25 | $106.5M | $74.5M | ||
| Q2 25 | $87.6M | $74.2M | ||
| Q1 25 | $73.9M | $74.0M | ||
| Q4 24 | $74.9M | $73.7M | ||
| Q3 24 | $83.4M | $123.5M | ||
| Q2 24 | $48.4M | $122.8M | ||
| Q1 24 | $48.9M | $72.6M |
| Q4 25 | $271.6M | $589.9M | ||
| Q3 25 | $263.6M | $577.2M | ||
| Q2 25 | $263.2M | $565.2M | ||
| Q1 25 | $256.1M | $552.5M | ||
| Q4 24 | $249.6M | $541.1M | ||
| Q3 24 | $247.1M | $533.3M | ||
| Q2 24 | $255.9M | $522.8M | ||
| Q1 24 | $256.0M | $515.2M |
| Q4 25 | $659.4M | $6.3B | ||
| Q3 25 | $643.3M | $6.3B | ||
| Q2 25 | $633.3M | $6.0B | ||
| Q1 25 | $628.3M | $6.2B | ||
| Q4 24 | $594.1M | $6.2B | ||
| Q3 24 | $590.9M | $5.9B | ||
| Q2 24 | $535.2M | $5.9B | ||
| Q1 24 | $490.3M | $5.8B |
| Q4 25 | 0.39× | 0.15× | ||
| Q3 25 | 0.40× | 0.13× | ||
| Q2 25 | 0.33× | 0.13× | ||
| Q1 25 | 0.29× | 0.13× | ||
| Q4 24 | 0.30× | 0.14× | ||
| Q3 24 | 0.34× | 0.23× | ||
| Q2 24 | 0.19× | 0.23× | ||
| Q1 24 | 0.19× | 0.14× |
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 | $62.4M |
| Free Cash FlowOCF − Capex | $22.5M | $59.2M |
| FCF MarginFCF / Revenue | 20.2% | 100.2% |
| Capex IntensityCapex / Revenue | 1.3% | 5.4% |
| Cash ConversionOCF / Net Profit | 4.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $110.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $62.4M | ||
| Q3 25 | $-11.7M | $42.5M | ||
| Q2 25 | $10.5M | $-8.3M | ||
| Q1 25 | $1.6M | $19.8M | ||
| Q4 24 | $20.8M | $46.9M | ||
| Q3 24 | $-27.2M | $9.1M | ||
| Q2 24 | $8.3M | $3.0M | ||
| Q1 24 | $15.3M | $2.4M |
| Q4 25 | $22.5M | $59.2M | ||
| Q3 25 | $-13.5M | $41.9M | ||
| Q2 25 | $8.2M | $-9.2M | ||
| Q1 25 | $-1.2M | $18.8M | ||
| Q4 24 | $18.3M | $41.7M | ||
| Q3 24 | $-32.6M | $8.4M | ||
| Q2 24 | $7.5M | $1.4M | ||
| Q1 24 | $14.8M | $614.0K |
| Q4 25 | 20.2% | 100.2% | ||
| Q3 25 | -12.6% | 74.3% | ||
| Q2 25 | 7.1% | -16.3% | ||
| Q1 25 | -1.0% | 35.4% | ||
| Q4 24 | 15.5% | 78.8% | ||
| Q3 24 | -36.8% | 16.7% | ||
| Q2 24 | 6.4% | 2.9% | ||
| Q1 24 | 13.4% | 1.3% |
| Q4 25 | 1.3% | 5.4% | ||
| Q3 25 | 1.6% | 1.0% | ||
| Q2 25 | 2.0% | 1.6% | ||
| Q1 25 | 2.5% | 1.9% | ||
| Q4 24 | 2.1% | 9.9% | ||
| Q3 24 | 6.1% | 1.2% | ||
| Q2 24 | 0.7% | 3.1% | ||
| Q1 24 | 0.4% | 3.7% |
| Q4 25 | 4.18× | — | ||
| Q3 25 | -72.48× | 2.96× | ||
| Q2 25 | 2.02× | -0.54× | ||
| Q1 25 | 0.46× | 1.44× | ||
| Q4 24 | 4.62× | — | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | 5.37× | 0.27× | ||
| Q1 24 | 3.96× | 0.29× |
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% |
SHBI
Segment breakdown not available.
