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COMTECH TELECOMMUNICATIONS CORP（CMTL）与Vistance Networks, Inc.（VISN）财务数据对比。点击上方公司名可切换其他公司
COMTECH TELECOMMUNICATIONS CORP净利率更高（-14.3% vs -61.8%，领先47.5%）。COMTECH TELECOMMUNICATIONS CORP同比增速更快（-4.1% vs -486.8%）。Vistance Networks, Inc.自由现金流更多（$255.5M vs $4.8M）。过去两年Vistance Networks, Inc.的营收复合增速更高（NaN% vs NaN%）
Comtech Telecommunications是一家总部位于美国的全球通信技术提供商，主营卫星通信系统、地面网络基础设施及定位服务，客户覆盖政府、国防、移动运营商和企业领域，为各类关键应用场景提供安全可靠的连接解决方案。
CMTL vs VISN — 直观对比
营收规模更大
CMTL
是对方的-0.1倍
$-2.2B
营收增速更快
CMTL
高出482.7%
-486.8%
净利率更高
CMTL
高出47.5%
-61.8%
自由现金流更多
VISN
多$250.7M
$4.8M
两年增速更快
VISN
近两年复合增速
-9.0%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $111.0M | $-2.2B |
| 净利润 | $-15.9M | $1.4B |
| 毛利率 | 33.1% | — |
| 营业利润率 | -2.5% | — |
| 净利率 | -14.3% | -61.8% |
| 营收同比 | -4.1% | -486.8% |
| 净利润同比 | 89.3% | 4109.0% |
| 每股收益（稀释后） | $-0.67 | $6.30 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CMTLVISN
| Q4 25 | $111.0M | $-2.2B | ||
| Q3 25 | $130.4M | $1.6B | ||
| Q2 25 | $126.8M | $1.4B | ||
| Q1 25 | $126.6M | $1.1B | ||
| Q4 24 | $115.8M | $568.3M | ||
| Q3 24 | $126.2M | $1.1B | ||
| Q2 24 | $128.1M | $1.4B | ||
| Q1 24 | $134.2M | $1.2B |
净利润CMTLVISN
| Q4 25 | $-15.9M | $1.4B | ||
| Q3 25 | $7.9M | $108.4M | ||
| Q2 25 | $33.9M | $31.8M | ||
| Q1 25 | $-48.7M | $784.0M | ||
| Q4 24 | $-148.4M | $32.3M | ||
| Q3 24 | $-90.8M | $-33.0M | ||
| Q2 24 | $2.8M | $44.4M | ||
| Q1 24 | $-10.6M | $-359.2M |
毛利率CMTLVISN
| Q4 25 | 33.1% | — | ||
| Q3 25 | 31.2% | 41.0% | ||
| Q2 25 | 30.7% | 42.6% | ||
| Q1 25 | 26.7% | 42.1% | ||
| Q4 24 | 12.5% | 33.8% | ||
| Q3 24 | 21.5% | 40.2% | ||
| Q2 24 | 30.4% | 39.5% | ||
| Q1 24 | 32.2% | 34.4% |
营业利润率CMTLVISN
| Q4 25 | -2.5% | — | ||
| Q3 25 | 1.4% | 18.5% | ||
| Q2 25 | -1.2% | 17.0% | ||
| Q1 25 | -8.1% | 12.0% | ||
| Q4 24 | -111.5% | -7.3% | ||
| Q3 24 | -64.6% | 9.4% | ||
| Q2 24 | -2.7% | 13.9% | ||
| Q1 24 | 2.2% | 0.2% |
净利率CMTLVISN
| Q4 25 | -14.3% | -61.8% | ||
| Q3 25 | 6.1% | 6.7% | ||
| Q2 25 | 26.8% | 2.3% | ||
| Q1 25 | -38.5% | 70.5% | ||
| Q4 24 | -128.2% | 5.7% | ||
| Q3 24 | -71.9% | -3.0% | ||
| Q2 24 | 2.2% | 3.2% | ||
| Q1 24 | -7.9% | -30.7% |
每股收益（稀释后）CMTLVISN
| Q4 25 | $-0.67 | $6.30 | ||
| Q3 25 | $-0.41 | $0.39 | ||
| Q2 25 | $-0.49 | $0.06 | ||
| Q1 25 | $-0.76 | $2.88 | ||
| Q4 24 | $-5.29 | $0.09 | ||
| Q3 24 | $-3.48 | $-0.23 | ||
| Q2 24 | $-0.04 | $0.13 | ||
| Q1 24 | $-1.07 | $-1.77 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $43.6M | $754.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $85.6M | $-1.0B |
| 总资产 | $734.1M | $9.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CMTLVISN
| Q4 25 | $43.6M | $754.4M | ||
| Q3 25 | $40.0M | $705.3M | ||
| Q2 25 | $28.4M | $571.1M | ||
| Q1 25 | $26.7M | $493.3M | ||
| Q4 24 | $29.6M | $564.9M | ||
| Q3 24 | $32.4M | $392.1M | ||
| Q2 24 | $27.2M | $345.9M | ||
| Q1 24 | $40.0M | $357.2M |
股东权益CMTLVISN
| Q4 25 | $85.6M | $-1.0B | ||
| Q3 25 | $104.4M | $-2.3B | ||
| Q2 25 | $115.4M | $-2.4B | ||
| Q1 25 | $128.7M | $-2.5B | ||
| Q4 24 | $150.4M | $-3.5B | ||
| Q3 24 | $306.3M | $-3.3B | ||
| Q2 24 | $406.4M | $-3.3B | ||
| Q1 24 | $407.0M | $-3.3B |
总资产CMTLVISN
| Q4 25 | $734.1M | $9.4B | ||
| Q3 25 | $740.8M | $7.9B | ||
| Q2 25 | $751.1M | $7.7B | ||
| Q1 25 | $770.6M | $7.5B | ||
| Q4 24 | $793.2M | $8.7B | ||
| Q3 24 | $793.2M | $8.8B | ||
| Q2 24 | $991.0M | $8.8B | ||
| Q1 24 | $996.8M | $8.7B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $8.1M | $281.3M |
| 自由现金流经营现金流 - 资本支出 | $4.8M | $255.5M |
| 自由现金流率自由现金流/营收 | 4.3% | -11.6% |
| 资本支出强度资本支出/营收 | 2.9% | -1.2% |
| 现金转化率经营现金流/净利润 | — | 0.21× |
| 过去12个月自由现金流最近4个季度 | $12.2M | $252.6M |
8季度趋势，按日历期对齐
经营现金流CMTLVISN
| Q4 25 | $8.1M | $281.3M | ||
| Q3 25 | $11.4M | $151.4M | ||
| Q2 25 | $2.3M | $77.1M | ||
| Q1 25 | $-234.0K | $-186.9M | ||
| Q4 24 | $-21.8M | $277.9M | ||
| Q3 24 | $-9.5M | $122.1M | ||
| Q2 24 | $-3.8M | $50.8M | ||
| Q1 24 | $-26.7M | $-177.7M |
自由现金流CMTLVISN
| Q4 25 | $4.8M | $255.5M | ||
| Q3 25 | $9.4M | $135.0M | ||
| Q2 25 | $-160.0K | $64.5M | ||
| Q1 25 | $-1.9M | $-202.4M | ||
| Q4 24 | $-24.2M | $270.6M | ||
| Q3 24 | $-12.4M | $115.4M | ||
| Q2 24 | $-6.5M | $45.5M | ||
| Q1 24 | $-30.9M | $-183.7M |
自由现金流率CMTLVISN
| Q4 25 | 4.3% | -11.6% | ||
| Q3 25 | 7.2% | 8.3% | ||
| Q2 25 | -0.1% | 4.6% | ||
| Q1 25 | -1.5% | -18.2% | ||
| Q4 24 | -20.9% | 47.6% | ||
| Q3 24 | -9.8% | 10.7% | ||
| Q2 24 | -5.0% | 3.3% | ||
| Q1 24 | -23.0% | -15.7% |
资本支出强度CMTLVISN
| Q4 25 | 2.9% | -1.2% | ||
| Q3 25 | 1.6% | 1.0% | ||
| Q2 25 | 1.9% | 0.9% | ||
| Q1 25 | 1.3% | 1.4% | ||
| Q4 24 | 2.1% | 1.3% | ||
| Q3 24 | 2.3% | 0.6% | ||
| Q2 24 | 2.1% | 0.4% | ||
| Q1 24 | 3.2% | 0.5% |
现金转化率CMTLVISN
| Q4 25 | — | 0.21× | ||
| Q3 25 | 1.45× | 1.40× | ||
| Q2 25 | 0.07× | 2.42× | ||
| Q1 25 | — | -0.24× | ||
| Q4 24 | — | 8.60× | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.36× | 1.14× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CMTL
| Satellite And Space Communications Segment | $55.1M | 50% |
| Transferred At Point In Time | $39.4M | 36% |
| Satellite And Space Communications | $16.3M | 15% |
| Terrestrial And Wireless Networks | $1.1M | 1% |
VISN
暂无分部数据
