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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and Sprout Social, Inc. (SPT). Click either name above to swap in a different company.
Sprout Social, Inc. is the larger business by last-quarter revenue ($120.9M vs $111.5M, roughly 1.1× AVIAT NETWORKS, INC.). On growth, Sprout Social, Inc. posted the faster year-over-year revenue change (12.9% vs -5.7%). AVIAT NETWORKS, INC. produced more free cash flow last quarter ($22.5M vs $9.9M). Over the past eight quarters, Sprout Social, Inc.'s revenue compounded faster (11.8% 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.
Sprout Social, Inc. is a technology company that runs a social media management platform. A public company headquartered in Chicago, it was founded in 2010 by Justyn Howard, Aaron Rankin, Gil Lara, and Peter Soung.
AVNW vs SPT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $120.9M |
| Net Profit | $5.7M | — |
| Gross Margin | 32.4% | 77.6% |
| Operating Margin | 6.5% | -9.0% |
| Net Margin | 5.1% | — |
| Revenue YoY | -5.7% | 12.9% |
| Net Profit YoY | 27.2% | — |
| EPS (diluted) | $0.44 | $-0.18 |
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 | $120.9M | ||
| Q3 25 | $107.3M | $115.6M | ||
| Q2 25 | $115.3M | $111.8M | ||
| Q1 25 | $112.6M | $109.3M | ||
| Q4 24 | $118.2M | $107.1M | ||
| Q3 24 | $88.4M | $102.6M | ||
| Q2 24 | $116.7M | $99.4M | ||
| Q1 24 | $110.8M | $96.8M |
| Q4 25 | $5.7M | — | ||
| Q3 25 | $162.0K | $-9.4M | ||
| Q2 25 | $5.2M | $-12.0M | ||
| Q1 25 | $3.5M | $-11.2M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $-11.9M | $-17.1M | ||
| Q2 24 | $1.5M | $-16.9M | ||
| Q1 24 | $3.9M | $-13.6M |
| Q4 25 | 32.4% | 77.6% | ||
| Q3 25 | 33.2% | 77.7% | ||
| Q2 25 | 34.2% | 77.7% | ||
| Q1 25 | 34.9% | 77.3% | ||
| Q4 24 | 34.6% | 78.1% | ||
| Q3 24 | 22.4% | 77.4% | ||
| Q2 24 | 35.3% | 77.5% | ||
| Q1 24 | 32.5% | 76.8% |
| Q4 25 | 6.5% | -9.0% | ||
| Q3 25 | 4.8% | -7.9% | ||
| Q2 25 | 7.7% | -11.0% | ||
| Q1 25 | 8.3% | -10.2% | ||
| Q4 24 | 6.7% | -12.8% | ||
| Q3 24 | -17.6% | -16.4% | ||
| Q2 24 | 4.7% | -16.6% | ||
| Q1 24 | 5.1% | -13.7% |
| Q4 25 | 5.1% | — | ||
| Q3 25 | 0.2% | -8.1% | ||
| Q2 25 | 4.5% | -10.7% | ||
| Q1 25 | 3.1% | -10.3% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | -13.4% | -16.6% | ||
| Q2 24 | 1.3% | -17.0% | ||
| Q1 24 | 3.5% | -14.0% |
| Q4 25 | $0.44 | $-0.18 | ||
| Q3 25 | $0.01 | $-0.16 | ||
| Q2 25 | $0.42 | $-0.21 | ||
| Q1 25 | $0.27 | $-0.19 | ||
| Q4 24 | $0.35 | $-0.25 | ||
| Q3 24 | $-0.94 | $-0.30 | ||
| Q2 24 | $0.11 | $-0.30 | ||
| Q1 24 | $0.30 | $-0.24 |
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 | $95.3M |
| Total DebtLower is stronger | $105.4M | $40.0M |
| Stockholders' EquityBook value | $271.6M | $203.4M |
| Total Assets | $659.4M | $523.1M |
| Debt / EquityLower = less leverage | 0.39× | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $95.3M | ||
| Q3 25 | $64.8M | $90.6M | ||
| Q2 25 | $59.7M | $101.5M | ||
| Q1 25 | $49.4M | $100.9M | ||
| Q4 24 | $52.6M | $86.4M | ||
| Q3 24 | $51.0M | $82.9M | ||
| Q2 24 | $64.6M | $80.9M | ||
| Q1 24 | $59.2M | $69.2M |
| Q4 25 | $105.4M | $40.0M | ||
| Q3 25 | $106.5M | — | ||
| Q2 25 | $87.6M | — | ||
| Q1 25 | $73.9M | — | ||
| Q4 24 | $74.9M | $25.0M | ||
| Q3 24 | $83.4M | — | ||
| Q2 24 | $48.4M | — | ||
| Q1 24 | $48.9M | — |
| Q4 25 | $271.6M | $203.4M | ||
| Q3 25 | $263.6M | $194.1M | ||
| Q2 25 | $263.2M | $184.6M | ||
| Q1 25 | $256.1M | $175.3M | ||
| Q4 24 | $249.6M | $166.6M | ||
| Q3 24 | $247.1M | $158.1M | ||
| Q2 24 | $255.9M | $152.1M | ||
| Q1 24 | $256.0M | $147.3M |
| Q4 25 | $659.4M | $523.1M | ||
| Q3 25 | $643.3M | $481.4M | ||
| Q2 25 | $633.3M | $422.9M | ||
| Q1 25 | $628.3M | $424.7M | ||
| Q4 24 | $594.1M | $428.3M | ||
| Q3 24 | $590.9M | $388.8M | ||
| Q2 24 | $535.2M | $393.6M | ||
| Q1 24 | $490.3M | $389.9M |
| Q4 25 | 0.39× | 0.20× | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | 0.15× | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.19× | — | ||
| Q1 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 | $10.9M |
| Free Cash FlowOCF − Capex | $22.5M | $9.9M |
| FCF MarginFCF / Revenue | 20.2% | 8.2% |
| Capex IntensityCapex / Revenue | 1.3% | 0.9% |
| Cash ConversionOCF / Net Profit | 4.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $39.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $10.9M | ||
| Q3 25 | $-11.7M | $9.3M | ||
| Q2 25 | $10.5M | $5.1M | ||
| Q1 25 | $1.6M | $18.1M | ||
| Q4 24 | $20.8M | $4.1M | ||
| Q3 24 | $-27.2M | $9.0M | ||
| Q2 24 | $8.3M | $2.1M | ||
| Q1 24 | $15.3M | $11.2M |
| Q4 25 | $22.5M | $9.9M | ||
| Q3 25 | $-13.5M | $8.5M | ||
| Q2 25 | $8.2M | $4.2M | ||
| Q1 25 | $-1.2M | $16.7M | ||
| Q4 24 | $18.3M | $3.3M | ||
| Q3 24 | $-32.6M | $8.5M | ||
| Q2 24 | $7.5M | $1.6M | ||
| Q1 24 | $14.8M | $10.1M |
| Q4 25 | 20.2% | 8.2% | ||
| Q3 25 | -12.6% | 7.4% | ||
| Q2 25 | 7.1% | 3.7% | ||
| Q1 25 | -1.0% | 15.3% | ||
| Q4 24 | 15.5% | 3.0% | ||
| Q3 24 | -36.8% | 8.3% | ||
| Q2 24 | 6.4% | 1.6% | ||
| Q1 24 | 13.4% | 10.4% |
| Q4 25 | 1.3% | 0.9% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 2.0% | 0.8% | ||
| Q1 25 | 2.5% | 1.2% | ||
| Q4 24 | 2.1% | 0.8% | ||
| Q3 24 | 6.1% | 0.5% | ||
| Q2 24 | 0.7% | 0.5% | ||
| Q1 24 | 0.4% | 1.1% |
| 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× | — | ||
| Q1 24 | 3.96× | — |
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% |
SPT
Segment breakdown not available.
