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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $76.2M, roughly 1.5× VIEMED HEALTHCARE, INC.). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs 5.1%, a 2.3% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs -5.7%). AVIAT NETWORKS, INC. produced more free cash flow last quarter ($22.5M vs $9.7M). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% 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.
Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.
AVNW vs VMD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $76.2M |
| Net Profit | $5.7M | $5.6M |
| Gross Margin | 32.4% | 57.9% |
| Operating Margin | 6.5% | 11.0% |
| Net Margin | 5.1% | 7.4% |
| Revenue YoY | -5.7% | 25.5% |
| Net Profit YoY | 27.2% | 30.7% |
| EPS (diluted) | $0.44 | $0.14 |
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 | $76.2M | ||
| Q3 25 | $107.3M | $71.9M | ||
| Q2 25 | $115.3M | $63.1M | ||
| Q1 25 | $112.6M | $59.1M | ||
| Q4 24 | $118.2M | $60.7M | ||
| Q3 24 | $88.4M | $58.0M | ||
| Q2 24 | $116.7M | $55.0M | ||
| Q1 24 | $110.8M | $50.6M |
| Q4 25 | $5.7M | $5.6M | ||
| Q3 25 | $162.0K | $3.5M | ||
| Q2 25 | $5.2M | $3.2M | ||
| Q1 25 | $3.5M | $2.6M | ||
| Q4 24 | $4.5M | $4.3M | ||
| Q3 24 | $-11.9M | $3.9M | ||
| Q2 24 | $1.5M | $1.5M | ||
| Q1 24 | $3.9M | $1.6M |
| Q4 25 | 32.4% | 57.9% | ||
| Q3 25 | 33.2% | 57.5% | ||
| Q2 25 | 34.2% | 58.3% | ||
| Q1 25 | 34.9% | 56.3% | ||
| Q4 24 | 34.6% | 59.5% | ||
| Q3 24 | 22.4% | 59.3% | ||
| Q2 24 | 35.3% | 59.8% | ||
| Q1 24 | 32.5% | 58.9% |
| Q4 25 | 6.5% | 11.0% | ||
| Q3 25 | 4.8% | 7.8% | ||
| Q2 25 | 7.7% | 8.1% | ||
| Q1 25 | 8.3% | 6.5% | ||
| Q4 24 | 6.7% | 10.6% | ||
| Q3 24 | -17.6% | 9.7% | ||
| Q2 24 | 4.7% | 6.6% | ||
| Q1 24 | 5.1% | 4.4% |
| Q4 25 | 5.1% | 7.4% | ||
| Q3 25 | 0.2% | 4.9% | ||
| Q2 25 | 4.5% | 5.0% | ||
| Q1 25 | 3.1% | 4.4% | ||
| Q4 24 | 3.8% | 7.1% | ||
| Q3 24 | -13.4% | 6.7% | ||
| Q2 24 | 1.3% | 2.7% | ||
| Q1 24 | 3.5% | 3.2% |
| Q4 25 | $0.44 | $0.14 | ||
| Q3 25 | $0.01 | $0.09 | ||
| Q2 25 | $0.42 | $0.08 | ||
| Q1 25 | $0.27 | $0.06 | ||
| Q4 24 | $0.35 | $0.10 | ||
| Q3 24 | $-0.94 | $0.10 | ||
| Q2 24 | $0.11 | $0.04 | ||
| Q1 24 | $0.30 | $0.04 |
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 | $13.5M |
| Total DebtLower is stronger | $105.4M | — |
| Stockholders' EquityBook value | $271.6M | $141.5M |
| Total Assets | $659.4M | $199.2M |
| Debt / EquityLower = less leverage | 0.39× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.5M | $13.5M | ||
| Q3 25 | $64.8M | $11.1M | ||
| Q2 25 | $59.7M | $20.0M | ||
| Q1 25 | $49.4M | $10.2M | ||
| Q4 24 | $52.6M | $17.5M | ||
| Q3 24 | $51.0M | $11.3M | ||
| Q2 24 | $64.6M | $8.8M | ||
| Q1 24 | $59.2M | $7.3M |
| 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 24 | $48.9M | — |
| Q4 25 | $271.6M | $141.5M | ||
| Q3 25 | $263.6M | $133.6M | ||
| Q2 25 | $263.2M | $139.7M | ||
| Q1 25 | $256.1M | $134.8M | ||
| Q4 24 | $249.6M | $131.4M | ||
| Q3 24 | $247.1M | $125.0M | ||
| Q2 24 | $255.9M | $119.4M | ||
| Q1 24 | $256.0M | $116.3M |
| Q4 25 | $659.4M | $199.2M | ||
| Q3 25 | $643.3M | $202.4M | ||
| Q2 25 | $633.3M | $184.6M | ||
| Q1 25 | $628.3M | $178.1M | ||
| Q4 24 | $594.1M | $177.1M | ||
| Q3 24 | $590.9M | $169.5M | ||
| Q2 24 | $535.2M | $163.9M | ||
| Q1 24 | $490.3M | $154.9M |
| 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× | — | ||
| 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 | $18.4M |
| Free Cash FlowOCF − Capex | $22.5M | $9.7M |
| FCF MarginFCF / Revenue | 20.2% | 12.7% |
| Capex IntensityCapex / Revenue | 1.3% | 11.5% |
| Cash ConversionOCF / Net Profit | 4.18× | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $11.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.9M | $18.4M | ||
| Q3 25 | $-11.7M | $18.4M | ||
| Q2 25 | $10.5M | $12.3M | ||
| Q1 25 | $1.6M | $2.9M | ||
| Q4 24 | $20.8M | $15.0M | ||
| Q3 24 | $-27.2M | $12.7M | ||
| Q2 24 | $8.3M | $10.2M | ||
| Q1 24 | $15.3M | $1.2M |
| Q4 25 | $22.5M | $9.7M | ||
| Q3 25 | $-13.5M | $10.7M | ||
| Q2 25 | $8.2M | $4.1M | ||
| Q1 25 | $-1.2M | $-12.6M | ||
| Q4 24 | $18.3M | $3.2M | ||
| Q3 24 | $-32.6M | $1.7M | ||
| Q2 24 | $7.5M | $1.2M | ||
| Q1 24 | $14.8M | $-4.8M |
| Q4 25 | 20.2% | 12.7% | ||
| Q3 25 | -12.6% | 14.9% | ||
| Q2 25 | 7.1% | 6.5% | ||
| Q1 25 | -1.0% | -21.4% | ||
| Q4 24 | 15.5% | 5.2% | ||
| Q3 24 | -36.8% | 3.0% | ||
| Q2 24 | 6.4% | 2.3% | ||
| Q1 24 | 13.4% | -9.5% |
| Q4 25 | 1.3% | 11.5% | ||
| Q3 25 | 1.6% | 10.6% | ||
| Q2 25 | 2.0% | 12.9% | ||
| Q1 25 | 2.5% | 26.2% | ||
| Q4 24 | 2.1% | 19.5% | ||
| Q3 24 | 6.1% | 19.0% | ||
| Q2 24 | 0.7% | 16.3% | ||
| Q1 24 | 0.4% | 11.9% |
| Q4 25 | 4.18× | 3.27× | ||
| Q3 25 | -72.48× | 5.23× | ||
| Q2 25 | 2.02× | 3.88× | ||
| Q1 25 | 0.46× | 1.09× | ||
| Q4 24 | 4.62× | 3.47× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | 5.37× | 6.94× | ||
| Q1 24 | 3.96× | 0.73× |
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% |
VMD
Segment breakdown not available.
