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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $111.5M, roughly 1.8× AVIAT NETWORKS, INC.). AVIAT NETWORKS, INC. runs the higher net margin — 5.1% vs 0.4%, a 4.7% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs -5.7%). AVIAT NETWORKS, INC. produced more free cash flow last quarter ($22.5M vs $12.1M). Over the past eight quarters, SunOpta Inc.'s revenue compounded faster (7.4% 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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
AVNW vs STKL — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $205.4M |
| Net Profit | $5.7M | $816.0K |
| Gross Margin | 32.4% | 12.4% |
| Operating Margin | 6.5% | 3.3% |
| Net Margin | 5.1% | 0.4% |
| Revenue YoY | -5.7% | 16.6% |
| Net Profit YoY | 27.2% | 113.1% |
| EPS (diluted) | $0.44 | $0.01 |
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 | — | ||
| Q3 25 | $107.3M | $205.4M | ||
| Q2 25 | $115.3M | $191.5M | ||
| Q1 25 | $112.6M | $201.6M | ||
| Q4 24 | $118.2M | $193.9M | ||
| Q3 24 | $88.4M | $175.9M | ||
| Q2 24 | $116.7M | $169.5M | ||
| Q1 24 | $110.8M | $184.4M |
| Q4 25 | $5.7M | — | ||
| Q3 25 | $162.0K | $816.0K | ||
| Q2 25 | $5.2M | $4.4M | ||
| Q1 25 | $3.5M | $4.8M | ||
| Q4 24 | $4.5M | $-8.7M | ||
| Q3 24 | $-11.9M | $-6.2M | ||
| Q2 24 | $1.5M | $-5.3M | ||
| Q1 24 | $3.9M | $2.9M |
| Q4 25 | 32.4% | — | ||
| Q3 25 | 33.2% | 12.4% | ||
| Q2 25 | 34.2% | 14.8% | ||
| Q1 25 | 34.9% | 15.0% | ||
| Q4 24 | 34.6% | 10.9% | ||
| Q3 24 | 22.4% | 13.0% | ||
| Q2 24 | 35.3% | 12.5% | ||
| Q1 24 | 32.5% | 16.8% |
| Q4 25 | 6.5% | — | ||
| Q3 25 | 4.8% | 3.3% | ||
| Q2 25 | 7.7% | 5.5% | ||
| Q1 25 | 8.3% | 5.2% | ||
| Q4 24 | 6.7% | 1.4% | ||
| Q3 24 | -17.6% | 0.5% | ||
| Q2 24 | 4.7% | 1.2% | ||
| Q1 24 | 5.1% | 5.5% |
| Q4 25 | 5.1% | — | ||
| Q3 25 | 0.2% | 0.4% | ||
| Q2 25 | 4.5% | 2.3% | ||
| Q1 25 | 3.1% | 2.4% | ||
| Q4 24 | 3.8% | -4.5% | ||
| Q3 24 | -13.4% | -3.5% | ||
| Q2 24 | 1.3% | -3.1% | ||
| Q1 24 | 3.5% | 1.6% |
| Q4 25 | $0.44 | — | ||
| Q3 25 | $0.01 | $0.01 | ||
| Q2 25 | $0.42 | $0.03 | ||
| Q1 25 | $0.27 | $0.04 | ||
| Q4 24 | $0.35 | $-0.08 | ||
| Q3 24 | $-0.94 | $-0.05 | ||
| Q2 24 | $0.11 | $-0.04 | ||
| Q1 24 | $0.30 | $0.02 |
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 | $2.2M |
| Total DebtLower is stronger | $105.4M | $250.8M |
| Stockholders' EquityBook value | $271.6M | $162.8M |
| Total Assets | $659.4M | $694.1M |
| Debt / EquityLower = less leverage | 0.39× | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | — | ||
| Q3 25 | $64.8M | $2.2M | ||
| Q2 25 | $59.7M | $2.2M | ||
| Q1 25 | $49.4M | $2.3M | ||
| Q4 24 | $52.6M | $1.6M | ||
| Q3 24 | $51.0M | $2.9M | ||
| Q2 24 | $64.6M | $3.2M | ||
| Q1 24 | $59.2M | $1.5M |
| Q4 25 | $105.4M | — | ||
| Q3 25 | $106.5M | $250.8M | ||
| Q2 25 | $87.6M | $263.3M | ||
| Q1 25 | $73.9M | $260.6M | ||
| Q4 24 | $74.9M | $265.2M | ||
| Q3 24 | $83.4M | $289.9M | ||
| Q2 24 | $48.4M | $303.1M | ||
| Q1 24 | $48.9M | $258.8M |
| Q4 25 | $271.6M | — | ||
| Q3 25 | $263.6M | $162.8M | ||
| Q2 25 | $263.2M | $159.8M | ||
| Q1 25 | $256.1M | $154.8M | ||
| Q4 24 | $249.6M | $148.6M | ||
| Q3 24 | $247.1M | $155.0M | ||
| Q2 24 | $255.9M | $158.8M | ||
| Q1 24 | $256.0M | $163.6M |
| Q4 25 | $659.4M | — | ||
| Q3 25 | $643.3M | $694.1M | ||
| Q2 25 | $633.3M | $704.9M | ||
| Q1 25 | $628.3M | $690.7M | ||
| Q4 24 | $594.1M | $668.5M | ||
| Q3 24 | $590.9M | $699.3M | ||
| Q2 24 | $535.2M | $704.7M | ||
| Q1 24 | $490.3M | $671.8M |
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.40× | 1.54× | ||
| Q2 25 | 0.33× | 1.65× | ||
| Q1 25 | 0.29× | 1.68× | ||
| Q4 24 | 0.30× | 1.78× | ||
| Q3 24 | 0.34× | 1.87× | ||
| Q2 24 | 0.19× | 1.91× | ||
| Q1 24 | 0.19× | 1.58× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $22.5M | $12.1M |
| FCF MarginFCF / Revenue | 20.2% | 5.9% |
| Capex IntensityCapex / Revenue | 1.3% | 2.1% |
| Cash ConversionOCF / Net Profit | 4.18× | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | — | ||
| Q3 25 | $-11.7M | $16.3M | ||
| Q2 25 | $10.5M | $-4.5M | ||
| Q1 25 | $1.6M | $22.3M | ||
| Q4 24 | $20.8M | $33.1M | ||
| Q3 24 | $-27.2M | $17.2M | ||
| Q2 24 | $8.3M | $-5.6M | ||
| Q1 24 | $15.3M | $5.3M |
| Q4 25 | $22.5M | — | ||
| Q3 25 | $-13.5M | $12.1M | ||
| Q2 25 | $8.2M | $-9.2M | ||
| Q1 25 | $-1.2M | $9.5M | ||
| Q4 24 | $18.3M | $24.0M | ||
| Q3 24 | $-32.6M | $11.7M | ||
| Q2 24 | $7.5M | $-15.3M | ||
| Q1 24 | $14.8M | $-2.3M |
| Q4 25 | 20.2% | — | ||
| Q3 25 | -12.6% | 5.9% | ||
| Q2 25 | 7.1% | -4.8% | ||
| Q1 25 | -1.0% | 4.7% | ||
| Q4 24 | 15.5% | 12.4% | ||
| Q3 24 | -36.8% | 6.6% | ||
| Q2 24 | 6.4% | -9.0% | ||
| Q1 24 | 13.4% | -1.2% |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.6% | 2.1% | ||
| Q2 25 | 2.0% | 2.5% | ||
| Q1 25 | 2.5% | 6.3% | ||
| Q4 24 | 2.1% | 4.7% | ||
| Q3 24 | 6.1% | 3.2% | ||
| Q2 24 | 0.7% | 5.7% | ||
| Q1 24 | 0.4% | 4.1% |
| Q4 25 | 4.18× | — | ||
| Q3 25 | -72.48× | 20.03× | ||
| Q2 25 | 2.02× | -1.03× | ||
| Q1 25 | 0.46× | 4.63× | ||
| Q4 24 | 4.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.37× | — | ||
| Q1 24 | 3.96× | 1.83× |
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% |
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
