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Side-by-side financial comparison of California Resources Corp (CRC) and VIAVI SOLUTIONS INC. (VIAV). Click either name above to swap in a different company.

VIAVI SOLUTIONS INC. is the larger business by last-quarter revenue ($406.8M vs $119.0M, roughly 3.4× California Resources Corp). Over the past eight quarters, VIAVI SOLUTIONS INC.'s revenue compounded faster (27.1% CAGR vs -46.3%).

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

Viavi Solutions Inc., formerly part of JDS Uniphase Corporation (JDSU), is an American network test, measurement and assurance technology company based in Chandler, Arizona. The company manufactures testing and monitoring equipment for networks. It also develops optical technology used for a range of applications including material quality control, currency anti-counterfeiting and 3D motion sensing, including Microsoft's Kinect video game controller.

CRC vs VIAV — Head-to-Head

Bigger by revenue
VIAV
VIAV
3.4× larger
VIAV
$406.8M
$119.0M
CRC
Faster 2-yr revenue CAGR
VIAV
VIAV
Annualised
VIAV
27.1%
-46.3%
CRC

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
CRC
CRC
VIAV
VIAV
Revenue
$119.0M
$406.8M
Net Profit
$6.4M
Gross Margin
57.5%
Operating Margin
-597.5%
6.1%
Net Margin
1.6%
Revenue YoY
42.8%
Net Profit YoY
-76.1%
EPS (diluted)
$-8.02
$0.03

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
CRC
CRC
VIAV
VIAV
Q1 26
$119.0M
$406.8M
Q4 25
$679.0M
$369.3M
Q3 25
$715.0M
$299.1M
Q2 25
$702.0M
$290.5M
Q1 25
$814.0M
$284.8M
Q4 24
$826.0M
$270.8M
Q3 24
$870.0M
$238.2M
Q2 24
$412.0M
$252.0M
Net Profit
CRC
CRC
VIAV
VIAV
Q1 26
$6.4M
Q4 25
$12.0M
$-48.1M
Q3 25
$64.0M
$-21.4M
Q2 25
$172.0M
$8.0M
Q1 25
$115.0M
$19.5M
Q4 24
$33.0M
$9.1M
Q3 24
$345.0M
$-1.8M
Q2 24
$8.0M
$-21.7M
Gross Margin
CRC
CRC
VIAV
VIAV
Q1 26
57.5%
Q4 25
57.0%
Q3 25
56.5%
Q2 25
56.3%
Q1 25
56.4%
Q4 24
59.4%
Q3 24
57.1%
Q2 24
57.8%
Operating Margin
CRC
CRC
VIAV
VIAV
Q1 26
-597.5%
6.1%
Q4 25
6.9%
3.1%
Q3 25
13.7%
2.5%
Q2 25
38.0%
5.3%
Q1 25
22.9%
3.0%
Q4 24
8.2%
8.2%
Q3 24
59.5%
4.8%
Q2 24
9.2%
-2.3%
Net Margin
CRC
CRC
VIAV
VIAV
Q1 26
1.6%
Q4 25
1.8%
-13.0%
Q3 25
9.0%
-7.2%
Q2 25
24.5%
2.8%
Q1 25
14.1%
6.8%
Q4 24
4.0%
3.4%
Q3 24
39.7%
-0.8%
Q2 24
1.9%
-8.6%
EPS (diluted)
CRC
CRC
VIAV
VIAV
Q1 26
$-8.02
$0.03
Q4 25
$0.21
$-0.21
Q3 25
$0.76
$-0.10
Q2 25
$1.92
$0.03
Q1 25
$1.26
$0.09
Q4 24
$0.87
$0.04
Q3 24
$3.78
$-0.01
Q2 24
$0.11
$-0.10

Balance Sheet & Financial Strength

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

Metric
CRC
CRC
VIAV
VIAV
Cash + ST InvestmentsLiquidity on hand
$500.8M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$2.9B
$846.5M
Total Assets
$2.5B
Debt / EquityLower = less leverage
1.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRC
CRC
VIAV
VIAV
Q1 26
$500.8M
Q4 25
$132.0M
$767.4M
Q3 25
$196.0M
$545.6M
Q2 25
$72.0M
$425.3M
Q1 25
$214.0M
$396.8M
Q4 24
$372.0M
$509.4M
Q3 24
$241.0M
$493.1M
Q2 24
$1.0B
$491.2M
Total Debt
CRC
CRC
VIAV
VIAV
Q1 26
$1.1B
Q4 25
$1.2B
Q3 25
$1.0B
$640.5M
Q2 25
$1.0B
$396.3M
Q1 25
$1.0B
$396.1M
Q4 24
$1.1B
$639.3M
Q3 24
$1.1B
$637.6M
Q2 24
$1.2B
$636.0M
Stockholders' Equity
CRC
CRC
VIAV
VIAV
Q1 26
$2.9B
$846.5M
Q4 25
$3.7B
$834.3M
Q3 25
$3.4B
$723.9M
Q2 25
$3.4B
$780.2M
Q1 25
$3.5B
$728.8M
Q4 24
$3.5B
$682.8M
Q3 24
$3.5B
$702.1M
Q2 24
$2.1B
$681.6M
Total Assets
CRC
CRC
VIAV
VIAV
Q1 26
$2.5B
Q4 25
$7.4B
$2.8B
Q3 25
$6.8B
$2.1B
Q2 25
$6.7B
$2.0B
Q1 25
$6.8B
$1.9B
Q4 24
$7.1B
$1.7B
Q3 24
$7.1B
$1.7B
Q2 24
$4.5B
$1.7B
Debt / Equity
CRC
CRC
VIAV
VIAV
Q1 26
1.28×
Q4 25
1.46×
Q3 25
0.29×
0.88×
Q2 25
0.30×
0.51×
Q1 25
0.29×
0.54×
Q4 24
0.32×
0.94×
Q3 24
0.32×
0.91×
Q2 24
0.57×
0.93×

Cash Flow & Capital Efficiency

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

Metric
CRC
CRC
VIAV
VIAV
Operating Cash FlowLast quarter
$99.0M
Free Cash FlowOCF − Capex
$-32.0M
FCF MarginFCF / Revenue
-26.9%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$380.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRC
CRC
VIAV
VIAV
Q1 26
$99.0M
Q4 25
$235.0M
$42.5M
Q3 25
$279.0M
$31.0M
Q2 25
$165.0M
$23.8M
Q1 25
$186.0M
$7.8M
Q4 24
$206.0M
$44.7M
Q3 24
$220.0M
$13.5M
Q2 24
$97.0M
$26.2M
Free Cash Flow
CRC
CRC
VIAV
VIAV
Q1 26
$-32.0M
Q4 25
$115.0M
$36.9M
Q3 25
$188.0M
$22.5M
Q2 25
$109.0M
$18.3M
Q1 25
$131.0M
$1.0M
Q4 24
$118.0M
$36.5M
Q3 24
$141.0M
$6.2M
Q2 24
$63.0M
$22.4M
FCF Margin
CRC
CRC
VIAV
VIAV
Q1 26
-26.9%
Q4 25
16.9%
10.0%
Q3 25
26.3%
7.5%
Q2 25
15.5%
6.3%
Q1 25
16.1%
0.4%
Q4 24
14.3%
13.5%
Q3 24
16.2%
2.6%
Q2 24
15.3%
8.9%
Capex Intensity
CRC
CRC
VIAV
VIAV
Q1 26
Q4 25
17.7%
1.5%
Q3 25
12.7%
2.8%
Q2 25
8.0%
1.9%
Q1 25
6.8%
2.4%
Q4 24
10.7%
3.0%
Q3 24
9.1%
3.1%
Q2 24
8.3%
1.5%
Cash Conversion
CRC
CRC
VIAV
VIAV
Q1 26
Q4 25
19.58×
Q3 25
4.36×
Q2 25
0.96×
2.98×
Q1 25
1.62×
0.40×
Q4 24
6.24×
4.91×
Q3 24
0.64×
Q2 24
12.13×

Financial Flow Comparison

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

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