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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and GRAHAM CORP (GHM). Click either name above to swap in a different company.
GRAHAM CORP is the larger business by last-quarter revenue ($56.7M vs $40.3M, roughly 1.4× Cambium Networks Corp). GRAHAM CORP runs the higher net margin — 5.0% vs -17.9%, a 23.0% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs -23.2%). GRAHAM CORP produced more free cash flow last quarter ($2.4M vs $-10.8M). Over the past eight quarters, GRAHAM CORP's revenue compounded faster (7.5% 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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
CMBM vs GHM — Head-to-Head
Income Statement — Q4 FY2024 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $56.7M |
| Net Profit | $-7.2M | $2.8M |
| Gross Margin | 36.6% | 23.8% |
| Operating Margin | -28.4% | 5.5% |
| Net Margin | -17.9% | 5.0% |
| Revenue YoY | -23.2% | 20.5% |
| Net Profit YoY | 71.0% | 79.2% |
| EPS (diluted) | $-0.26 | $0.25 |
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 | — | $56.7M | ||
| Q3 25 | — | $66.0M | ||
| Q2 25 | — | $55.5M | ||
| Q1 25 | — | $59.3M | ||
| Q4 24 | $40.3M | $47.0M | ||
| Q3 24 | $44.7M | $53.6M | ||
| Q2 24 | $45.2M | $50.0M | ||
| Q1 24 | $47.1M | $49.1M |
| Q4 25 | — | $2.8M | ||
| Q3 25 | — | $3.1M | ||
| Q2 25 | — | $4.6M | ||
| Q1 25 | — | $4.4M | ||
| Q4 24 | $-7.2M | $1.6M | ||
| Q3 24 | $-34.5M | $3.3M | ||
| Q2 24 | $-14.2M | $3.0M | ||
| Q1 24 | $-18.4M | $1.3M |
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 26.5% | ||
| Q1 25 | — | 27.0% | ||
| Q4 24 | 36.6% | 24.8% | ||
| Q3 24 | 43.6% | 23.9% | ||
| Q2 24 | 32.5% | 24.8% | ||
| Q1 24 | 29.8% | 25.9% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | -28.4% | 4.7% | ||
| Q3 24 | -69.6% | 7.9% | ||
| Q2 24 | -27.2% | 6.5% | ||
| Q1 24 | -33.1% | 3.1% |
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | -17.9% | 3.4% | ||
| Q3 24 | -77.3% | 6.1% | ||
| Q2 24 | -31.5% | 5.9% | ||
| Q1 24 | -39.2% | 2.7% |
| Q4 25 | — | $0.25 | ||
| Q3 25 | — | $0.28 | ||
| Q2 25 | — | $0.42 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | $-0.26 | $0.14 | ||
| Q3 24 | $-1.22 | $0.30 | ||
| Q2 24 | $-0.51 | $0.27 | ||
| Q1 24 | $-0.66 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $22.3M |
| Total DebtLower is stronger | $67.6M | — |
| Stockholders' EquityBook value | $-3.2M | $131.3M |
| Total Assets | $173.7M | $292.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.3M | ||
| Q3 25 | — | $20.6M | ||
| Q2 25 | — | $10.8M | ||
| Q1 25 | — | $21.6M | ||
| Q4 24 | — | $30.0M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $21.6M | ||
| Q1 24 | — | $16.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — |
| Q4 25 | — | $131.3M | ||
| Q3 25 | — | $127.6M | ||
| Q2 25 | — | $123.4M | ||
| Q1 25 | — | $119.6M | ||
| Q4 24 | $-3.2M | $114.4M | ||
| Q3 24 | $1.9M | $112.5M | ||
| Q2 24 | $34.1M | $108.2M | ||
| Q1 24 | $45.0M | $105.6M |
| Q4 25 | — | $292.9M | ||
| Q3 25 | — | $287.0M | ||
| Q2 25 | — | $252.3M | ||
| Q1 25 | — | $264.1M | ||
| Q4 24 | $173.7M | $264.3M | ||
| Q3 24 | $194.3M | $249.5M | ||
| Q2 24 | $221.1M | $244.2M | ||
| Q1 24 | $219.8M | $233.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $4.8M |
| Free Cash FlowOCF − Capex | $-10.8M | $2.4M |
| FCF MarginFCF / Revenue | -26.8% | 4.3% |
| Capex IntensityCapex / Revenue | 1.1% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $-6.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.8M | ||
| Q3 25 | — | $13.6M | ||
| Q2 25 | — | $-2.3M | ||
| Q1 25 | — | $-3.6M | ||
| Q4 24 | $-10.4M | $5.2M | ||
| Q3 24 | $8.9M | $13.9M | ||
| Q2 24 | $2.4M | $8.7M | ||
| Q1 24 | $-15.9M | $8.6M |
| Q4 25 | — | $2.4M | ||
| Q3 25 | — | $9.4M | ||
| Q2 25 | — | $-9.3M | ||
| Q1 25 | — | $-8.7M | ||
| Q4 24 | $-10.8M | $-2.1M | ||
| Q3 24 | $6.8M | $10.4M | ||
| Q2 24 | $87.0K | $5.7M | ||
| Q1 24 | $-17.4M | $4.6M |
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | -16.7% | ||
| Q1 25 | — | -14.7% | ||
| Q4 24 | -26.8% | -4.5% | ||
| Q3 24 | 15.2% | 19.5% | ||
| Q2 24 | 0.2% | 11.5% | ||
| Q1 24 | -37.0% | 9.4% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | 1.1% | 15.6% | ||
| Q3 24 | 4.8% | 6.5% | ||
| Q2 24 | 5.1% | 6.0% | ||
| Q1 24 | 3.3% | 8.2% |
| Q4 25 | — | 1.67× | ||
| Q3 25 | — | 4.40× | ||
| Q2 25 | — | -0.49× | ||
| Q1 25 | — | -0.81× | ||
| Q4 24 | — | 3.29× | ||
| Q3 24 | — | 4.25× | ||
| Q2 24 | — | 2.94× | ||
| Q1 24 | — | 6.45× |
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% |
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
