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Side-by-side financial comparison of FinVolution Group (FINV) and VIAVI SOLUTIONS INC. (VIAV). Click either name above to swap in a different company.

FinVolution Group is the larger business by last-quarter revenue ($479.7M vs $369.3M, roughly 1.3× VIAVI SOLUTIONS INC.). FinVolution Group runs the higher net margin — 21.2% vs -13.0%, a 34.2% gap on every dollar of revenue. FinVolution Group produced more free cash flow last quarter ($70.6M vs $36.9M).

Volution Group plc is a manufacturer of ventilation equipment for commercial and residential customers. Based in Crawley, West Sussex, the company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

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.

FINV vs VIAV — Head-to-Head

Bigger by revenue
FINV
FINV
1.3× larger
FINV
$479.7M
$369.3M
VIAV
Higher net margin
FINV
FINV
34.2% more per $
FINV
21.2%
-13.0%
VIAV
More free cash flow
FINV
FINV
$33.7M more FCF
FINV
$70.6M
$36.9M
VIAV

Income Statement — Q1 FY2025 vs Q2 FY2026

Metric
FINV
FINV
VIAV
VIAV
Revenue
$479.7M
$369.3M
Net Profit
$101.7M
$-48.1M
Gross Margin
57.0%
Operating Margin
44.6%
3.1%
Net Margin
21.2%
-13.0%
Revenue YoY
36.4%
Net Profit YoY
-628.6%
EPS (diluted)
$-0.21

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
FINV
FINV
VIAV
VIAV
Q4 25
$369.3M
Q3 25
$299.1M
Q2 25
$290.5M
Q1 25
$479.7M
$284.8M
Q4 24
$270.8M
Q3 24
$238.2M
Q2 24
$252.0M
Q1 24
$246.0M
Net Profit
FINV
FINV
VIAV
VIAV
Q4 25
$-48.1M
Q3 25
$-21.4M
Q2 25
$8.0M
Q1 25
$101.7M
$19.5M
Q4 24
$9.1M
Q3 24
$-1.8M
Q2 24
$-21.7M
Q1 24
$-24.6M
Gross Margin
FINV
FINV
VIAV
VIAV
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%
Q1 24
56.1%
Operating Margin
FINV
FINV
VIAV
VIAV
Q4 25
3.1%
Q3 25
2.5%
Q2 25
5.3%
Q1 25
44.6%
3.0%
Q4 24
8.2%
Q3 24
4.8%
Q2 24
-2.3%
Q1 24
-4.8%
Net Margin
FINV
FINV
VIAV
VIAV
Q4 25
-13.0%
Q3 25
-7.2%
Q2 25
2.8%
Q1 25
21.2%
6.8%
Q4 24
3.4%
Q3 24
-0.8%
Q2 24
-8.6%
Q1 24
-10.0%
EPS (diluted)
FINV
FINV
VIAV
VIAV
Q4 25
$-0.21
Q3 25
$-0.10
Q2 25
$0.03
Q1 25
$0.09
Q4 24
$0.04
Q3 24
$-0.01
Q2 24
$-0.10
Q1 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
FINV
FINV
VIAV
VIAV
Cash + ST InvestmentsLiquidity on hand
$745.0M
$767.4M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$834.3M
Total Assets
$3.4B
$2.8B
Debt / EquityLower = less leverage
1.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FINV
FINV
VIAV
VIAV
Q4 25
$767.4M
Q3 25
$545.6M
Q2 25
$425.3M
Q1 25
$745.0M
$396.8M
Q4 24
$509.4M
Q3 24
$493.1M
Q2 24
$491.2M
Q1 24
$482.6M
Total Debt
FINV
FINV
VIAV
VIAV
Q4 25
$1.2B
Q3 25
$640.5M
Q2 25
$396.3M
Q1 25
$396.1M
Q4 24
$639.3M
Q3 24
$637.6M
Q2 24
$636.0M
Q1 24
$634.4M
Stockholders' Equity
FINV
FINV
VIAV
VIAV
Q4 25
$834.3M
Q3 25
$723.9M
Q2 25
$780.2M
Q1 25
$728.8M
Q4 24
$682.8M
Q3 24
$702.1M
Q2 24
$681.6M
Q1 24
$705.1M
Total Assets
FINV
FINV
VIAV
VIAV
Q4 25
$2.8B
Q3 25
$2.1B
Q2 25
$2.0B
Q1 25
$3.4B
$1.9B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$1.7B
Q1 24
$1.7B
Debt / Equity
FINV
FINV
VIAV
VIAV
Q4 25
1.46×
Q3 25
0.88×
Q2 25
0.51×
Q1 25
0.54×
Q4 24
0.94×
Q3 24
0.91×
Q2 24
0.93×
Q1 24
0.90×

Cash Flow & Capital Efficiency

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

Metric
FINV
FINV
VIAV
VIAV
Operating Cash FlowLast quarter
$72.0M
$42.5M
Free Cash FlowOCF − Capex
$70.6M
$36.9M
FCF MarginFCF / Revenue
14.7%
10.0%
Capex IntensityCapex / Revenue
0.3%
1.5%
Cash ConversionOCF / Net Profit
0.71×
TTM Free Cash FlowTrailing 4 quarters
$78.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FINV
FINV
VIAV
VIAV
Q4 25
$42.5M
Q3 25
$31.0M
Q2 25
$23.8M
Q1 25
$72.0M
$7.8M
Q4 24
$44.7M
Q3 24
$13.5M
Q2 24
$26.2M
Q1 24
$19.5M
Free Cash Flow
FINV
FINV
VIAV
VIAV
Q4 25
$36.9M
Q3 25
$22.5M
Q2 25
$18.3M
Q1 25
$70.6M
$1.0M
Q4 24
$36.5M
Q3 24
$6.2M
Q2 24
$22.4M
Q1 24
$16.3M
FCF Margin
FINV
FINV
VIAV
VIAV
Q4 25
10.0%
Q3 25
7.5%
Q2 25
6.3%
Q1 25
14.7%
0.4%
Q4 24
13.5%
Q3 24
2.6%
Q2 24
8.9%
Q1 24
6.6%
Capex Intensity
FINV
FINV
VIAV
VIAV
Q4 25
1.5%
Q3 25
2.8%
Q2 25
1.9%
Q1 25
0.3%
2.4%
Q4 24
3.0%
Q3 24
3.1%
Q2 24
1.5%
Q1 24
1.3%
Cash Conversion
FINV
FINV
VIAV
VIAV
Q4 25
Q3 25
Q2 25
2.98×
Q1 25
0.71×
0.40×
Q4 24
4.91×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FINV
FINV

Segment breakdown not available.

VIAV
VIAV

Products$317.3M86%
Services$52.0M14%

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