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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and FTC Solar, Inc. (FTCI). Click either name above to swap in a different company.
Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $32.9M, roughly 1.2× FTC Solar, Inc.). Cambium Networks Corp runs the higher net margin — -17.9% vs -110.7%, a 92.8% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs -23.2%). FTC Solar, Inc. produced more free cash flow last quarter ($-8.4M vs $-10.8M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
FTC Solar, Inc. is a leading global provider of advanced solar tracker systems, associated components, and supporting software for solar projects. It serves utility-scale, commercial, and industrial solar segments across key global markets, helping customers boost energy generation efficiency and lower overall project costs.
CMBM vs FTCI — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $32.9M |
| Net Profit | $-7.2M | $-36.4M |
| Gross Margin | 36.6% | 14.9% |
| Operating Margin | -28.4% | -17.2% |
| Net Margin | -17.9% | -110.7% |
| Revenue YoY | -23.2% | 148.9% |
| Net Profit YoY | 71.0% | -197.4% |
| EPS (diluted) | $-0.26 | $-2.31 |
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 | — | $32.9M | ||
| Q3 25 | — | $26.0M | ||
| Q2 25 | — | $20.0M | ||
| Q1 25 | — | $20.8M | ||
| Q4 24 | $40.3M | $13.2M | ||
| Q3 24 | $44.7M | $10.1M | ||
| Q2 24 | $45.2M | $11.4M | ||
| Q1 24 | $47.1M | $12.6M |
| Q4 25 | — | $-36.4M | ||
| Q3 25 | — | $-23.9M | ||
| Q2 25 | — | $-15.4M | ||
| Q1 25 | — | $-3.8M | ||
| Q4 24 | $-7.2M | $-12.2M | ||
| Q3 24 | $-34.5M | $-15.4M | ||
| Q2 24 | $-14.2M | $-12.2M | ||
| Q1 24 | $-18.4M | $-8.8M |
| Q4 25 | — | 14.9% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | -19.6% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | 36.6% | -29.1% | ||
| Q3 24 | 43.6% | -42.5% | ||
| Q2 24 | 32.5% | -20.5% | ||
| Q1 24 | 29.8% | -16.7% |
| Q4 25 | — | -17.2% | ||
| Q3 25 | — | -29.6% | ||
| Q2 25 | — | -57.5% | ||
| Q1 25 | — | -50.8% | ||
| Q4 24 | -28.4% | -101.7% | ||
| Q3 24 | -69.6% | -147.8% | ||
| Q2 24 | -27.2% | -104.3% | ||
| Q1 24 | -33.1% | -99.3% |
| Q4 25 | — | -110.7% | ||
| Q3 25 | — | -92.0% | ||
| Q2 25 | — | -77.2% | ||
| Q1 25 | — | -18.4% | ||
| Q4 24 | -17.9% | -92.7% | ||
| Q3 24 | -77.3% | -151.5% | ||
| Q2 24 | -31.5% | -107.1% | ||
| Q1 24 | -39.2% | -69.7% |
| Q4 25 | — | $-2.31 | ||
| Q3 25 | — | $-1.61 | ||
| Q2 25 | — | $-1.18 | ||
| Q1 25 | — | $-0.58 | ||
| Q4 24 | $-0.26 | $-0.95 | ||
| Q3 24 | $-1.22 | $-1.21 | ||
| Q2 24 | $-0.51 | $-0.97 | ||
| Q1 24 | $-0.66 | $-0.70 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $21.1M |
| Total DebtLower is stronger | $67.6M | $9.9M |
| Stockholders' EquityBook value | $-3.2M | $-43.0M |
| Total Assets | $173.7M | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.1M | ||
| Q3 25 | — | $24.4M | ||
| Q2 25 | — | $3.5M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | — | $8.3M | ||
| Q2 24 | — | $10.8M | ||
| Q1 24 | — | $14.0M |
| Q4 25 | — | $9.9M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | — | $10.9M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | $67.6M | $9.5M | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — |
| Q4 25 | — | $-43.0M | ||
| Q3 25 | — | $-13.7M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $15.5M | ||
| Q4 24 | $-3.2M | $19.0M | ||
| Q3 24 | $1.9M | $30.4M | ||
| Q2 24 | $34.1M | $44.2M | ||
| Q1 24 | $45.0M | $55.2M |
| Q4 25 | — | $111.8M | ||
| Q3 25 | — | $111.5M | ||
| Q2 25 | — | $83.0M | ||
| Q1 25 | — | $84.1M | ||
| Q4 24 | $173.7M | $89.9M | ||
| Q3 24 | $194.3M | $91.7M | ||
| Q2 24 | $221.1M | $100.3M | ||
| Q1 24 | $219.8M | $115.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — |
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 | $-10.4M | $-8.0M |
| Free Cash FlowOCF − Capex | $-10.8M | $-8.4M |
| FCF MarginFCF / Revenue | -26.8% | -25.7% |
| Capex IntensityCapex / Revenue | 1.1% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-8.0M | ||
| Q3 25 | — | $-14.6M | ||
| Q2 25 | — | $-2.3M | ||
| Q1 25 | — | $-8.5M | ||
| Q4 24 | $-10.4M | $-16.7M | ||
| Q3 24 | $8.9M | $-2.4M | ||
| Q2 24 | $2.4M | $-3.8M | ||
| Q1 24 | $-15.9M | $-11.9M |
| Q4 25 | — | $-8.4M | ||
| Q3 25 | — | $-15.1M | ||
| Q2 25 | — | $-2.5M | ||
| Q1 25 | — | $-8.6M | ||
| Q4 24 | $-10.8M | $-17.0M | ||
| Q3 24 | $6.8M | $-2.6M | ||
| Q2 24 | $87.0K | $-4.5M | ||
| Q1 24 | $-17.4M | $-12.3M |
| Q4 25 | — | -25.7% | ||
| Q3 25 | — | -57.9% | ||
| Q2 25 | — | -12.4% | ||
| Q1 25 | — | -41.2% | ||
| Q4 24 | -26.8% | -128.6% | ||
| Q3 24 | 15.2% | -25.6% | ||
| Q2 24 | 0.2% | -39.2% | ||
| Q1 24 | -37.0% | -97.6% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 1.1% | 2.2% | ||
| Q3 24 | 4.8% | 2.2% | ||
| Q2 24 | 5.1% | 6.1% | ||
| Q1 24 | 3.3% | 3.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
