vs
Side-by-side financial comparison of Cambium Networks Corp (CMBM) and Waterstone Financial, Inc. (WSBF). Click either name above to swap in a different company.
Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $37.2M, roughly 1.1× Waterstone Financial, Inc.). On growth, Waterstone Financial, Inc. posted the faster year-over-year revenue change (16.7% vs -23.2%). Waterstone Financial, Inc. produced more free cash flow last quarter ($23.0M vs $-10.8M). Over the past eight quarters, Waterstone Financial, Inc.'s revenue compounded faster (7.1% 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.
Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.
CMBM vs WSBF — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $37.2M |
| Net Profit | $-7.2M | — |
| Gross Margin | 36.6% | — |
| Operating Margin | -28.4% | 27.0% |
| Net Margin | -17.9% | — |
| Revenue YoY | -23.2% | 16.7% |
| Net Profit YoY | 71.0% | — |
| EPS (diluted) | $-0.26 | $0.43 |
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 | — | $37.2M | ||
| Q3 25 | — | $37.0M | ||
| Q2 25 | — | $38.0M | ||
| Q1 25 | — | $29.7M | ||
| Q4 24 | $40.3M | $31.8M | ||
| Q3 24 | $44.7M | $34.1M | ||
| Q2 24 | $45.2M | $37.2M | ||
| Q1 24 | $47.1M | $32.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | $7.9M | ||
| Q2 25 | — | $7.7M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | $-7.2M | — | ||
| Q3 24 | $-34.5M | $4.7M | ||
| Q2 24 | $-14.2M | $5.7M | ||
| Q1 24 | $-18.4M | $3.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 29.8% | — |
| Q4 25 | — | 27.0% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 25.4% | ||
| Q1 25 | — | 13.1% | ||
| Q4 24 | -28.4% | 19.5% | ||
| Q3 24 | -69.6% | 17.3% | ||
| Q2 24 | -27.2% | 19.2% | ||
| Q1 24 | -33.1% | 14.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 20.3% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | -17.9% | — | ||
| Q3 24 | -77.3% | 13.9% | ||
| Q2 24 | -31.5% | 15.4% | ||
| Q1 24 | -39.2% | 9.4% |
| Q4 25 | — | $0.43 | ||
| Q3 25 | — | $0.45 | ||
| Q2 25 | — | $0.43 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | $-0.26 | $0.28 | ||
| Q3 24 | $-1.22 | $0.26 | ||
| Q2 24 | $-0.51 | $0.31 | ||
| Q1 24 | $-0.66 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $67.6M | $412.3M |
| Stockholders' EquityBook value | $-3.2M | $349.4M |
| Total Assets | $173.7M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $412.3M | ||
| Q3 25 | — | $469.1M | ||
| Q2 25 | — | $465.7M | ||
| Q1 25 | — | $395.9M | ||
| Q4 24 | $67.6M | $446.5M | ||
| Q3 24 | $67.6M | $560.1M | ||
| Q2 24 | $68.9M | $660.8M | ||
| Q1 24 | $63.8M | $634.2M |
| Q4 25 | — | $349.4M | ||
| Q3 25 | — | $345.5M | ||
| Q2 25 | — | $341.5M | ||
| Q1 25 | — | $341.4M | ||
| Q4 24 | $-3.2M | $339.1M | ||
| Q3 24 | $1.9M | $342.0M | ||
| Q2 24 | $34.1M | $334.9M | ||
| Q1 24 | $45.0M | $338.0M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $173.7M | $2.2B | ||
| Q3 24 | $194.3M | $2.2B | ||
| Q2 24 | $221.1M | $2.3B | ||
| Q1 24 | $219.8M | $2.2B |
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | 36.12× | 1.64× | ||
| Q2 24 | 2.02× | 1.97× | ||
| Q1 24 | 1.42× | 1.88× |
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 | $24.2M |
| Free Cash FlowOCF − Capex | $-10.8M | $23.0M |
| FCF MarginFCF / Revenue | -26.8% | 61.9% |
| Capex IntensityCapex / Revenue | 1.1% | 3.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $43.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.2M | ||
| Q3 25 | — | $32.7M | ||
| Q2 25 | — | $-38.4M | ||
| Q1 25 | — | $26.7M | ||
| Q4 24 | $-10.4M | $48.1M | ||
| Q3 24 | $8.9M | $74.1M | ||
| Q2 24 | $2.4M | $-39.5M | ||
| Q1 24 | $-15.9M | $-9.9M |
| Q4 25 | — | $23.0M | ||
| Q3 25 | — | $32.4M | ||
| Q2 25 | — | $-38.5M | ||
| Q1 25 | — | $26.5M | ||
| Q4 24 | $-10.8M | $47.0M | ||
| Q3 24 | $6.8M | $73.9M | ||
| Q2 24 | $87.0K | $-39.7M | ||
| Q1 24 | $-17.4M | $-10.3M |
| Q4 25 | — | 61.9% | ||
| Q3 25 | — | 87.5% | ||
| Q2 25 | — | -101.2% | ||
| Q1 25 | — | 89.2% | ||
| Q4 24 | -26.8% | 147.5% | ||
| Q3 24 | 15.2% | 216.9% | ||
| Q2 24 | 0.2% | -106.7% | ||
| Q1 24 | -37.0% | -31.9% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | 1.1% | 3.5% | ||
| Q3 24 | 4.8% | 0.6% | ||
| Q2 24 | 5.1% | 0.4% | ||
| Q1 24 | 3.3% | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.13× | ||
| Q2 25 | — | -4.98× | ||
| Q1 25 | — | 8.81× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 15.67× | ||
| Q2 24 | — | -6.92× | ||
| Q1 24 | — | -3.27× |
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% |
WSBF
Segment breakdown not available.
