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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and NPK International Inc. (NPKI). Click either name above to swap in a different company.

NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $40.3M, roughly 1.9× Cambium Networks Corp). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs -23.2%). NPK International Inc. produced more free cash flow last quarter ($5.8M vs $-10.8M). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% 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.

CMBM vs NPKI — Head-to-Head

Bigger by revenue
NPKI
NPKI
1.9× larger
NPKI
$75.2M
$40.3M
CMBM
Growing faster (revenue YoY)
NPKI
NPKI
+53.9% gap
NPKI
30.7%
-23.2%
CMBM
More free cash flow
NPKI
NPKI
$16.6M more FCF
NPKI
$5.8M
$-10.8M
CMBM
Faster 2-yr revenue CAGR
NPKI
NPKI
Annualised
NPKI
23.9%
-27.2%
CMBM

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBM
CMBM
NPKI
NPKI
Revenue
$40.3M
$75.2M
Net Profit
$-7.2M
Gross Margin
36.6%
37.7%
Operating Margin
-28.4%
16.7%
Net Margin
-17.9%
Revenue YoY
-23.2%
30.7%
Net Profit YoY
71.0%
EPS (diluted)
$-0.26
$0.17

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.

Revenue
CMBM
CMBM
NPKI
NPKI
Q4 25
$75.2M
Q3 25
$68.8M
Q2 25
$68.2M
Q1 25
$64.8M
Q4 24
$40.3M
$57.5M
Q3 24
$44.7M
$44.2M
Q2 24
$45.2M
$66.8M
Q1 24
$47.1M
$49.0M
Net Profit
CMBM
CMBM
NPKI
NPKI
Q4 25
Q3 25
$5.7M
Q2 25
$8.7M
Q1 25
$10.0M
Q4 24
$-7.2M
Q3 24
$-34.5M
$-174.3M
Q2 24
$-14.2M
$8.0M
Q1 24
$-18.4M
$7.3M
Gross Margin
CMBM
CMBM
NPKI
NPKI
Q4 25
37.7%
Q3 25
31.9%
Q2 25
36.9%
Q1 25
39.0%
Q4 24
36.6%
39.2%
Q3 24
43.6%
27.5%
Q2 24
32.5%
37.2%
Q1 24
29.8%
36.0%
Operating Margin
CMBM
CMBM
NPKI
NPKI
Q4 25
16.7%
Q3 25
13.2%
Q2 25
17.0%
Q1 25
20.9%
Q4 24
-28.4%
20.2%
Q3 24
-69.6%
2.8%
Q2 24
-27.2%
18.7%
Q1 24
-33.1%
14.2%
Net Margin
CMBM
CMBM
NPKI
NPKI
Q4 25
Q3 25
8.2%
Q2 25
12.7%
Q1 25
15.4%
Q4 24
-17.9%
Q3 24
-77.3%
-394.3%
Q2 24
-31.5%
12.0%
Q1 24
-39.2%
14.9%
EPS (diluted)
CMBM
CMBM
NPKI
NPKI
Q4 25
$0.17
Q3 25
$0.07
Q2 25
$0.10
Q1 25
$0.11
Q4 24
$-0.26
$0.10
Q3 24
$-1.22
$-1.99
Q2 24
$-0.51
$0.09
Q1 24
$-0.66
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMBM
CMBM
NPKI
NPKI
Cash + ST InvestmentsLiquidity on hand
$5.1M
Total DebtLower is stronger
$67.6M
$16.9M
Stockholders' EquityBook value
$-3.2M
$351.2M
Total Assets
$173.7M
$441.8M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBM
CMBM
NPKI
NPKI
Q4 25
$5.1M
Q3 25
$35.6M
Q2 25
$26.0M
Q1 25
$20.8M
Q4 24
$17.8M
Q3 24
$42.9M
Q2 24
$35.1M
Q1 24
$37.7M
Total Debt
CMBM
CMBM
NPKI
NPKI
Q4 25
$16.9M
Q3 25
$9.5M
Q2 25
$9.3M
Q1 25
$8.1M
Q4 24
$67.6M
$7.7M
Q3 24
$67.6M
$14.0M
Q2 24
$68.9M
$58.0M
Q1 24
$63.8M
$77.4M
Stockholders' Equity
CMBM
CMBM
NPKI
NPKI
Q4 25
$351.2M
Q3 25
$333.9M
Q2 25
$328.8M
Q1 25
$326.9M
Q4 24
$-3.2M
$326.5M
Q3 24
$1.9M
$316.5M
Q2 24
$34.1M
$426.6M
Q1 24
$45.0M
$421.6M
Total Assets
CMBM
CMBM
NPKI
NPKI
Q4 25
$441.8M
Q3 25
$404.5M
Q2 25
$393.7M
Q1 25
$390.0M
Q4 24
$173.7M
$393.7M
Q3 24
$194.3M
$389.6M
Q2 24
$221.1M
$624.8M
Q1 24
$219.8M
$640.8M
Debt / Equity
CMBM
CMBM
NPKI
NPKI
Q4 25
0.05×
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
36.12×
0.04×
Q2 24
2.02×
0.14×
Q1 24
1.42×
0.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMBM
CMBM
NPKI
NPKI
Operating Cash FlowLast quarter
$-10.4M
$18.0M
Free Cash FlowOCF − Capex
$-10.8M
$5.8M
FCF MarginFCF / Revenue
-26.8%
7.6%
Capex IntensityCapex / Revenue
1.1%
16.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-21.4M
$26.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBM
CMBM
NPKI
NPKI
Q4 25
$18.0M
Q3 25
$24.7M
Q2 25
$21.4M
Q1 25
$8.8M
Q4 24
$-10.4M
$-4.1M
Q3 24
$8.9M
$2.8M
Q2 24
$2.4M
$27.6M
Q1 24
$-15.9M
$11.9M
Free Cash Flow
CMBM
CMBM
NPKI
NPKI
Q4 25
$5.8M
Q3 25
$12.0M
Q2 25
$9.7M
Q1 25
$-1.2M
Q4 24
$-10.8M
$-17.7M
Q3 24
$6.8M
$-6.7M
Q2 24
$87.0K
$21.0M
Q1 24
$-17.4M
$-1.9M
FCF Margin
CMBM
CMBM
NPKI
NPKI
Q4 25
7.6%
Q3 25
17.4%
Q2 25
14.3%
Q1 25
-1.8%
Q4 24
-26.8%
-30.8%
Q3 24
15.2%
-15.2%
Q2 24
0.2%
31.4%
Q1 24
-37.0%
-3.9%
Capex Intensity
CMBM
CMBM
NPKI
NPKI
Q4 25
16.3%
Q3 25
18.5%
Q2 25
17.1%
Q1 25
15.5%
Q4 24
1.1%
23.6%
Q3 24
4.8%
21.4%
Q2 24
5.1%
9.9%
Q1 24
3.3%
28.3%
Cash Conversion
CMBM
CMBM
NPKI
NPKI
Q4 25
Q3 25
4.37×
Q2 25
2.47×
Q1 25
0.88×
Q4 24
Q3 24
Q2 24
3.43×
Q1 24
1.64×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

NPKI
NPKI

Rental Revenue$34.8M46%
Products$25.5M34%
Services$14.9M20%

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