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Side-by-side financial comparison of COMTECH TELECOMMUNICATIONS CORP (CMTL) and Holley Inc. (HLLY). Click either name above to swap in a different company.

Holley Inc. is the larger business by last-quarter revenue ($155.4M vs $111.0M, roughly 1.4× COMTECH TELECOMMUNICATIONS CORP). Holley Inc. runs the higher net margin — 4.1% vs -14.3%, a 18.4% gap on every dollar of revenue. On growth, Holley Inc. posted the faster year-over-year revenue change (11.0% vs -4.1%). COMTECH TELECOMMUNICATIONS CORP produced more free cash flow last quarter ($4.8M vs $3.8M). Over the past eight quarters, Holley Inc.'s revenue compounded faster (-1.0% CAGR vs -9.0%).

Comtech Telecommunications Corp is a global provider of advanced communication technologies, including satellite communication systems, terrestrial network infrastructure, and location-based services. It serves government, defense, mobile network operator, and enterprise clients across North America, Europe, and Asia Pacific, focusing on reliable, secure connectivity solutions for critical use cases.

Holley Performance Products is an automotive performance company based in Bowling Green, Kentucky. It was founded in 1896 in Bradford, Pennsylvania, by George Holley and Earl Holley. When the company was based in Michigan it was a major producer of carburetors for many Detroit-built automobiles.

CMTL vs HLLY — Head-to-Head

Bigger by revenue
HLLY
HLLY
1.4× larger
HLLY
$155.4M
$111.0M
CMTL
Growing faster (revenue YoY)
HLLY
HLLY
+15.1% gap
HLLY
11.0%
-4.1%
CMTL
Higher net margin
HLLY
HLLY
18.4% more per $
HLLY
4.1%
-14.3%
CMTL
More free cash flow
CMTL
CMTL
$1.0M more FCF
CMTL
$4.8M
$3.8M
HLLY
Faster 2-yr revenue CAGR
HLLY
HLLY
Annualised
HLLY
-1.0%
-9.0%
CMTL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CMTL
CMTL
HLLY
HLLY
Revenue
$111.0M
$155.4M
Net Profit
$-15.9M
$6.3M
Gross Margin
33.1%
46.8%
Operating Margin
-2.5%
12.7%
Net Margin
-14.3%
4.1%
Revenue YoY
-4.1%
11.0%
Net Profit YoY
89.3%
116.7%
EPS (diluted)
$-0.67
$0.06

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
CMTL
CMTL
HLLY
HLLY
Q4 25
$111.0M
$155.4M
Q3 25
$130.4M
$138.4M
Q2 25
$126.8M
$166.7M
Q1 25
$126.6M
$153.0M
Q4 24
$115.8M
$140.1M
Q3 24
$126.2M
$134.0M
Q2 24
$128.1M
$169.5M
Q1 24
$134.2M
$158.6M
Net Profit
CMTL
CMTL
HLLY
HLLY
Q4 25
$-15.9M
$6.3M
Q3 25
$7.9M
$-806.0K
Q2 25
$33.9M
$10.9M
Q1 25
$-48.7M
$2.8M
Q4 24
$-148.4M
$-37.8M
Q3 24
$-90.8M
$-6.3M
Q2 24
$2.8M
$17.1M
Q1 24
$-10.6M
$3.7M
Gross Margin
CMTL
CMTL
HLLY
HLLY
Q4 25
33.1%
46.8%
Q3 25
31.2%
43.2%
Q2 25
30.7%
41.7%
Q1 25
26.7%
41.9%
Q4 24
12.5%
45.6%
Q3 24
21.5%
39.0%
Q2 24
30.4%
41.5%
Q1 24
32.2%
32.8%
Operating Margin
CMTL
CMTL
HLLY
HLLY
Q4 25
-2.5%
12.7%
Q3 25
1.4%
11.5%
Q2 25
-1.2%
16.5%
Q1 25
-8.1%
12.6%
Q4 24
-111.5%
-20.7%
Q3 24
-64.6%
4.2%
Q2 24
-2.7%
16.4%
Q1 24
2.2%
6.4%
Net Margin
CMTL
CMTL
HLLY
HLLY
Q4 25
-14.3%
4.1%
Q3 25
6.1%
-0.6%
Q2 25
26.8%
6.5%
Q1 25
-38.5%
1.8%
Q4 24
-128.2%
-27.0%
Q3 24
-71.9%
-4.7%
Q2 24
2.2%
10.1%
Q1 24
-7.9%
2.4%
EPS (diluted)
CMTL
CMTL
HLLY
HLLY
Q4 25
$-0.67
$0.06
Q3 25
$-0.41
$-0.01
Q2 25
$-0.49
$0.09
Q1 25
$-0.76
$0.02
Q4 24
$-5.29
$-0.32
Q3 24
$-3.48
$-0.05
Q2 24
$-0.04
$0.14
Q1 24
$-1.07
$0.03

Balance Sheet & Financial Strength

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

Metric
CMTL
CMTL
HLLY
HLLY
Cash + ST InvestmentsLiquidity on hand
$43.6M
$37.2M
Total DebtLower is stronger
$516.1M
Stockholders' EquityBook value
$85.6M
$448.9M
Total Assets
$734.1M
$1.2B
Debt / EquityLower = less leverage
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMTL
CMTL
HLLY
HLLY
Q4 25
$43.6M
$37.2M
Q3 25
$40.0M
$50.7M
Q2 25
$28.4M
$63.8M
Q1 25
$26.7M
$39.1M
Q4 24
$29.6M
$56.1M
Q3 24
$32.4M
$50.8M
Q2 24
$27.2M
$53.1M
Q1 24
$40.0M
$41.1M
Total Debt
CMTL
CMTL
HLLY
HLLY
Q4 25
$516.1M
Q3 25
$528.9M
Q2 25
$543.3M
Q1 25
$551.3M
Q4 24
$545.4M
Q3 24
$556.4M
Q2 24
$556.1M
Q1 24
$567.6M
Stockholders' Equity
CMTL
CMTL
HLLY
HLLY
Q4 25
$85.6M
$448.9M
Q3 25
$104.4M
$439.7M
Q2 25
$115.4M
$437.8M
Q1 25
$128.7M
$424.6M
Q4 24
$150.4M
$421.2M
Q3 24
$306.3M
$458.7M
Q2 24
$406.4M
$463.2M
Q1 24
$407.0M
$444.9M
Total Assets
CMTL
CMTL
HLLY
HLLY
Q4 25
$734.1M
$1.2B
Q3 25
$740.8M
$1.2B
Q2 25
$751.1M
$1.2B
Q1 25
$770.6M
$1.1B
Q4 24
$793.2M
$1.1B
Q3 24
$793.2M
$1.2B
Q2 24
$991.0M
$1.2B
Q1 24
$996.8M
$1.2B
Debt / Equity
CMTL
CMTL
HLLY
HLLY
Q4 25
1.15×
Q3 25
1.20×
Q2 25
1.24×
Q1 25
1.30×
Q4 24
1.29×
Q3 24
1.21×
Q2 24
1.20×
Q1 24
1.28×

Cash Flow & Capital Efficiency

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

Metric
CMTL
CMTL
HLLY
HLLY
Operating Cash FlowLast quarter
$8.1M
$6.2M
Free Cash FlowOCF − Capex
$4.8M
$3.8M
FCF MarginFCF / Revenue
4.3%
2.4%
Capex IntensityCapex / Revenue
2.9%
1.5%
Cash ConversionOCF / Net Profit
0.98×
TTM Free Cash FlowTrailing 4 quarters
$12.2M
$33.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMTL
CMTL
HLLY
HLLY
Q4 25
$8.1M
$6.2M
Q3 25
$11.4M
$7.4M
Q2 25
$2.3M
$40.5M
Q1 25
$-234.0K
$-7.8M
Q4 24
$-21.8M
$4.1M
Q3 24
$-9.5M
$-1.7M
Q2 24
$-3.8M
$25.7M
Q1 24
$-26.7M
$18.8M
Free Cash Flow
CMTL
CMTL
HLLY
HLLY
Q4 25
$4.8M
$3.8M
Q3 25
$9.4M
$5.3M
Q2 25
$-160.0K
$35.7M
Q1 25
$-1.9M
$-10.8M
Q4 24
$-24.2M
$1.7M
Q3 24
$-12.4M
$-3.5M
Q2 24
$-6.5M
$24.3M
Q1 24
$-30.9M
$17.6M
FCF Margin
CMTL
CMTL
HLLY
HLLY
Q4 25
4.3%
2.4%
Q3 25
7.2%
3.8%
Q2 25
-0.1%
21.4%
Q1 25
-1.5%
-7.1%
Q4 24
-20.9%
1.2%
Q3 24
-9.8%
-2.6%
Q2 24
-5.0%
14.3%
Q1 24
-23.0%
11.1%
Capex Intensity
CMTL
CMTL
HLLY
HLLY
Q4 25
2.9%
1.5%
Q3 25
1.6%
1.6%
Q2 25
1.9%
2.9%
Q1 25
1.3%
1.9%
Q4 24
2.1%
1.7%
Q3 24
2.3%
1.3%
Q2 24
2.1%
0.8%
Q1 24
3.2%
0.8%
Cash Conversion
CMTL
CMTL
HLLY
HLLY
Q4 25
0.98×
Q3 25
1.45×
Q2 25
0.07×
3.73×
Q1 25
-2.79×
Q4 24
Q3 24
Q2 24
-1.36×
1.50×
Q1 24
5.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMTL
CMTL

Satellite And Space Communications Segment$55.1M50%
Transferred At Point In Time$39.4M36%
Satellite And Space Communications$16.3M15%
Terrestrial And Wireless Networks$1.1M1%

HLLY
HLLY

Truck Off Road$125.5M81%
Euro Import$29.9M19%

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