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Side-by-side financial comparison of MONRO, INC. (MNRO) 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 $293.4M, roughly 1.4× MONRO, INC.). MONRO, INC. runs the higher net margin — 3.8% vs 1.6%, a 2.2% gap on every dollar of revenue. On growth, VIAVI SOLUTIONS INC. posted the faster year-over-year revenue change (42.8% vs -4.0%). Over the past eight quarters, VIAVI SOLUTIONS INC.'s revenue compounded faster (27.1% CAGR vs -2.7%).

Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2025, Monro has 1,260 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.

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.

MNRO vs VIAV — Head-to-Head

Bigger by revenue
VIAV
VIAV
1.4× larger
VIAV
$406.8M
$293.4M
MNRO
Growing faster (revenue YoY)
VIAV
VIAV
+46.9% gap
VIAV
42.8%
-4.0%
MNRO
Higher net margin
MNRO
MNRO
2.2% more per $
MNRO
3.8%
1.6%
VIAV
Faster 2-yr revenue CAGR
VIAV
VIAV
Annualised
VIAV
27.1%
-2.7%
MNRO

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
MNRO
MNRO
VIAV
VIAV
Revenue
$293.4M
$406.8M
Net Profit
$11.1M
$6.4M
Gross Margin
34.9%
57.5%
Operating Margin
6.3%
6.1%
Net Margin
3.8%
1.6%
Revenue YoY
-4.0%
42.8%
Net Profit YoY
143.1%
-76.1%
EPS (diluted)
$0.35
$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
MNRO
MNRO
VIAV
VIAV
Q1 26
$406.8M
Q4 25
$293.4M
$369.3M
Q3 25
$288.9M
$299.1M
Q2 25
$301.0M
$290.5M
Q1 25
$295.0M
$284.8M
Q4 24
$305.8M
$270.8M
Q3 24
$301.4M
$238.2M
Q2 24
$293.2M
$252.0M
Net Profit
MNRO
MNRO
VIAV
VIAV
Q1 26
$6.4M
Q4 25
$11.1M
$-48.1M
Q3 25
$5.7M
$-21.4M
Q2 25
$-8.1M
$8.0M
Q1 25
$-21.3M
$19.5M
Q4 24
$4.6M
$9.1M
Q3 24
$5.6M
$-1.8M
Q2 24
$5.9M
$-21.7M
Gross Margin
MNRO
MNRO
VIAV
VIAV
Q1 26
57.5%
Q4 25
34.9%
57.0%
Q3 25
35.7%
56.5%
Q2 25
35.5%
56.3%
Q1 25
33.0%
56.4%
Q4 24
34.3%
59.4%
Q3 24
35.3%
57.1%
Q2 24
37.2%
57.8%
Operating Margin
MNRO
MNRO
VIAV
VIAV
Q1 26
6.1%
Q4 25
6.3%
3.1%
Q3 25
4.4%
2.5%
Q2 25
-2.0%
5.3%
Q1 25
-8.1%
3.0%
Q4 24
3.3%
8.2%
Q3 24
4.4%
4.8%
Q2 24
4.5%
-2.3%
Net Margin
MNRO
MNRO
VIAV
VIAV
Q1 26
1.6%
Q4 25
3.8%
-13.0%
Q3 25
2.0%
-7.2%
Q2 25
-2.7%
2.8%
Q1 25
-7.2%
6.8%
Q4 24
1.5%
3.4%
Q3 24
1.9%
-0.8%
Q2 24
2.0%
-8.6%
EPS (diluted)
MNRO
MNRO
VIAV
VIAV
Q1 26
$0.03
Q4 25
$0.35
$-0.21
Q3 25
$0.18
$-0.10
Q2 25
$-0.28
$0.03
Q1 25
$-0.74
$0.09
Q4 24
$0.15
$0.04
Q3 24
$0.18
$-0.01
Q2 24
$0.19
$-0.10

Balance Sheet & Financial Strength

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

Metric
MNRO
MNRO
VIAV
VIAV
Cash + ST InvestmentsLiquidity on hand
$4.9M
$500.8M
Total DebtLower is stronger
$45.0M
$1.1B
Stockholders' EquityBook value
$604.9M
$846.5M
Total Assets
$1.6B
$2.5B
Debt / EquityLower = less leverage
0.07×
1.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNRO
MNRO
VIAV
VIAV
Q1 26
$500.8M
Q4 25
$4.9M
$767.4M
Q3 25
$10.5M
$545.6M
Q2 25
$7.8M
$425.3M
Q1 25
$20.8M
$396.8M
Q4 24
$10.2M
$509.4M
Q3 24
$20.9M
$493.1M
Q2 24
$18.7M
$491.2M
Total Debt
MNRO
MNRO
VIAV
VIAV
Q1 26
$1.1B
Q4 25
$45.0M
$1.2B
Q3 25
$60.0M
$640.5M
Q2 25
$71.5M
$396.3M
Q1 25
$61.3M
$396.1M
Q4 24
$59.3M
$639.3M
Q3 24
$62.0M
$637.6M
Q2 24
$112.0M
$636.0M
Stockholders' Equity
MNRO
MNRO
VIAV
VIAV
Q1 26
$846.5M
Q4 25
$604.9M
$834.3M
Q3 25
$601.7M
$723.9M
Q2 25
$604.9M
$780.2M
Q1 25
$620.8M
$728.8M
Q4 24
$648.9M
$682.8M
Q3 24
$651.9M
$702.1M
Q2 24
$654.4M
$681.6M
Total Assets
MNRO
MNRO
VIAV
VIAV
Q1 26
$2.5B
Q4 25
$1.6B
$2.8B
Q3 25
$1.6B
$2.1B
Q2 25
$1.6B
$2.0B
Q1 25
$1.6B
$1.9B
Q4 24
$1.7B
$1.7B
Q3 24
$1.7B
$1.7B
Q2 24
$1.7B
$1.7B
Debt / Equity
MNRO
MNRO
VIAV
VIAV
Q1 26
1.28×
Q4 25
0.07×
1.46×
Q3 25
0.10×
0.88×
Q2 25
0.12×
0.51×
Q1 25
0.10×
0.54×
Q4 24
0.09×
0.94×
Q3 24
0.10×
0.91×
Q2 24
0.17×
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
MNRO
MNRO
VIAV
VIAV
Operating Cash FlowLast quarter
$17.8M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
3.1%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
1.60×
TTM Free Cash FlowTrailing 4 quarters
$49.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNRO
MNRO
VIAV
VIAV
Q1 26
Q4 25
$17.8M
$42.5M
Q3 25
$32.3M
$31.0M
Q2 25
$-1.9M
$23.8M
Q1 25
$28.9M
$7.8M
Q4 24
$14.8M
$44.7M
Q3 24
$62.6M
$13.5M
Q2 24
$25.6M
$26.2M
Free Cash Flow
MNRO
MNRO
VIAV
VIAV
Q1 26
Q4 25
$9.1M
$36.9M
Q3 25
$26.6M
$22.5M
Q2 25
$-9.3M
$18.3M
Q1 25
$23.2M
$1.0M
Q4 24
$7.9M
$36.5M
Q3 24
$57.6M
$6.2M
Q2 24
$16.8M
$22.4M
FCF Margin
MNRO
MNRO
VIAV
VIAV
Q1 26
Q4 25
3.1%
10.0%
Q3 25
9.2%
7.5%
Q2 25
-3.1%
6.3%
Q1 25
7.9%
0.4%
Q4 24
2.6%
13.5%
Q3 24
19.1%
2.6%
Q2 24
5.7%
8.9%
Capex Intensity
MNRO
MNRO
VIAV
VIAV
Q1 26
Q4 25
3.0%
1.5%
Q3 25
2.0%
2.8%
Q2 25
2.5%
1.9%
Q1 25
1.9%
2.4%
Q4 24
2.2%
3.0%
Q3 24
1.6%
3.1%
Q2 24
3.0%
1.5%
Cash Conversion
MNRO
MNRO
VIAV
VIAV
Q1 26
Q4 25
1.60×
Q3 25
5.71×
Q2 25
2.98×
Q1 25
0.40×
Q4 24
3.23×
4.91×
Q3 24
11.08×
Q2 24
4.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MNRO
MNRO

Tires$150.2M51%
Maintenance$73.5M25%
Brakes$35.1M12%
Steering$24.9M8%
Batteries$6.2M2%
Exhaust$3.2M1%

VIAV
VIAV

Segment breakdown not available.

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