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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $36.5M, roughly 1.1× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -17.9%, a 9.0% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -23.2%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-10.8M). Over the past eight quarters, SmartRent, Inc.'s revenue compounded faster (-15.0% 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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
CMBM vs SMRT — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $36.5M |
| Net Profit | $-7.2M | $-3.2M |
| Gross Margin | 36.6% | 38.6% |
| Operating Margin | -28.4% | -10.9% |
| Net Margin | -17.9% | -8.9% |
| Revenue YoY | -23.2% | 3.1% |
| Net Profit YoY | 71.0% | 71.6% |
| EPS (diluted) | $-0.26 | $-0.02 |
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 | — | $36.5M | ||
| Q3 25 | — | $36.2M | ||
| Q2 25 | — | $38.3M | ||
| Q1 25 | — | $41.3M | ||
| Q4 24 | $40.3M | $35.4M | ||
| Q3 24 | $44.7M | $40.5M | ||
| Q2 24 | $45.2M | $48.5M | ||
| Q1 24 | $47.1M | $50.5M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | — | $-10.9M | ||
| Q1 25 | — | $-40.2M | ||
| Q4 24 | $-7.2M | $-11.4M | ||
| Q3 24 | $-34.5M | $-9.9M | ||
| Q2 24 | $-14.2M | $-4.6M | ||
| Q1 24 | $-18.4M | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | 36.6% | 28.7% | ||
| Q3 24 | 43.6% | 33.2% | ||
| Q2 24 | 32.5% | 35.7% | ||
| Q1 24 | 29.8% | 38.5% |
| Q4 25 | — | -10.9% | ||
| Q3 25 | — | -19.4% | ||
| Q2 25 | — | -30.5% | ||
| Q1 25 | — | -99.9% | ||
| Q4 24 | -28.4% | -36.6% | ||
| Q3 24 | -69.6% | -29.0% | ||
| Q2 24 | -27.2% | -14.3% | ||
| Q1 24 | -33.1% | -20.1% |
| Q4 25 | — | -8.9% | ||
| Q3 25 | — | -17.3% | ||
| Q2 25 | — | -28.3% | ||
| Q1 25 | — | -97.2% | ||
| Q4 24 | -17.9% | -32.3% | ||
| Q3 24 | -77.3% | -24.5% | ||
| Q2 24 | -31.5% | -9.5% | ||
| Q1 24 | -39.2% | -15.2% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | $-0.26 | $-0.06 | ||
| Q3 24 | $-1.22 | $-0.05 | ||
| Q2 24 | $-0.51 | $-0.02 | ||
| Q1 24 | $-0.66 | $-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 | — | $104.5M |
| Total DebtLower is stronger | $67.6M | — |
| Stockholders' EquityBook value | $-3.2M | $232.1M |
| Total Assets | $173.7M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.5M | ||
| Q3 25 | — | $100.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $125.6M | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | $163.4M | ||
| Q2 24 | — | $187.4M | ||
| Q1 24 | — | $204.7M |
| 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 | — | $232.1M | ||
| Q3 25 | — | $234.4M | ||
| Q2 25 | — | $238.8M | ||
| Q1 25 | — | $250.7M | ||
| Q4 24 | $-3.2M | $289.4M | ||
| Q3 24 | $1.9M | $305.1M | ||
| Q2 24 | $34.1M | $329.4M | ||
| Q1 24 | $45.0M | $333.1M |
| Q4 25 | — | $320.9M | ||
| Q3 25 | — | $335.8M | ||
| Q2 25 | — | $354.0M | ||
| Q1 25 | — | $366.1M | ||
| Q4 24 | $173.7M | $420.2M | ||
| Q3 24 | $194.3M | $448.6M | ||
| Q2 24 | $221.1M | $475.3M | ||
| Q1 24 | $219.8M | $485.5M |
| 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 | $7.7M |
| Free Cash FlowOCF − Capex | $-10.8M | $7.7M |
| FCF MarginFCF / Revenue | -26.8% | 21.0% |
| Capex IntensityCapex / Revenue | 1.1% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $-14.9M | ||
| Q1 25 | — | $-12.2M | ||
| Q4 24 | $-10.4M | $-12.0M | ||
| Q3 24 | $8.9M | $-3.7M | ||
| Q2 24 | $2.4M | $-13.9M | ||
| Q1 24 | $-15.9M | $-3.3M |
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | $-14.3M | ||
| Q4 24 | $-10.8M | $-13.3M | ||
| Q3 24 | $6.8M | $-3.9M | ||
| Q2 24 | $87.0K | $-14.1M | ||
| Q1 24 | $-17.4M | $-3.4M |
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -42.3% | ||
| Q1 25 | — | -34.7% | ||
| Q4 24 | -26.8% | -37.5% | ||
| Q3 24 | 15.2% | -9.7% | ||
| Q2 24 | 0.2% | -29.1% | ||
| Q1 24 | -37.0% | -6.7% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | 1.1% | 3.5% | ||
| Q3 24 | 4.8% | 0.6% | ||
| Q2 24 | 5.1% | 0.5% | ||
| Q1 24 | 3.3% | 0.1% |
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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
