Comtech Telecommunications Cp Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Comtech Telecommunications Cp has an operating margin of -27.9%, meaning the company retains $-28 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -14.8% the prior year.
Comtech Telecommunications Cp's revenue declined 7.6% year-over-year, from $540.4M to $499.5M. This contraction results in a growth score of 7/100.
Comtech Telecommunications Cp has a moderate D/E ratio of 1.36. This balance of debt and equity financing earns a leverage score of 61/100.
Comtech Telecommunications Cp's current ratio of 1.70 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.
While Comtech Telecommunications Cp generated -$8.3M in operating cash flow, capex of $8.6M consumed most of it, leaving -$16.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Comtech Telecommunications Cp passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Comtech Telecommunications Cp generates $0.05 in operating cash flow (-$8.3M OCF vs -$155.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Comtech Telecommunications Cp earns $-3.0 in operating income for every $1 of interest expense (-$139.1M vs $45.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Comtech Telecommunications Cp (CMTL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Comtech Telecommunications Cp generated $499.5M in revenue in fiscal year 2025. This represents a decrease of 7.6% from the prior year.
Comtech Telecommunications Cp's EBITDA was -$127.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 87.9% from the prior year.
Comtech Telecommunications Cp generated -$16.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 75.1% from the prior year.
Comtech Telecommunications Cp reported -$155.3M in net income in fiscal year 2025. This represents a decrease of 55.3% from the prior year.
Comtech Telecommunications Cp earned $-6.95 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 47.9% from the prior year.
Comtech Telecommunications Cp held $43.6M in cash against $116.6M in long-term debt as of fiscal year 2025.
Comtech Telecommunications Cp had 30M shares outstanding in fiscal year 2025. This represents an increase of 2.6% from the prior year.
Comtech Telecommunications Cp's gross margin was 25.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.5 percentage points from the prior year.
Comtech Telecommunications Cp's operating margin was -27.9% in fiscal year 2025, reflecting core business profitability. This is down 13.1 percentage points from the prior year.
Comtech Telecommunications Cp's net profit margin was -31.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 12.6 percentage points from the prior year.
Comtech Telecommunications Cp invested $17.4M in research and development in fiscal year 2025. This represents a decrease of 27.7% from the prior year.
Comtech Telecommunications Cp invested $8.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 34.5% from the prior year.
CMTL Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $111.0M-12.4% | $126.8M+0.2% | $126.6M+9.3% | $115.8M-9.6% | $128.1M-4.6% | $134.2M-11.6% | $151.9M+13.6% | $133.7M |
| Cost of Revenue | $74.3M-15.5% | $87.8M-5.4% | $92.8M-8.3% | $101.3M+13.6% | $89.1M-2.1% | $91.0M-12.5% | $104.0M+18.5% | $87.8M |
| Gross Profit | $36.8M-5.6% | $38.9M+15.4% | $33.7M+132.4% | $14.5M-62.7% | $39.0M-9.8% | $43.2M-9.8% | $47.9M+4.3% | $45.9M |
| R&D Expenses | $3.8M-14.4% | $4.4M+1.6% | $4.4M+17.3% | $3.7M-35.4% | $5.7M-16.0% | $6.8M-12.4% | $7.8M-37.2% | $12.4M |
| SG&A Expenses | $29.9M-0.9% | $30.2M-10.7% | $33.8M-34.5% | $51.6M+80.0% | $28.7M-5.3% | $30.3M-7.3% | $32.7M+13.1% | $28.9M |
| Operating Income | -$2.8M-80.0% | -$1.5M+85.1% | -$10.3M+92.1% | -$129.2M-3622.5% | -$3.5M-216.7% | $3.0M+42.5% | $2.1M+367.1% | -$781K |
| Interest Expense | $11.6M-10.5% | $12.9M+17.3% | $11.0M+15.5% | $9.5M+85.2% | $5.1M-2.3% | $5.3M+6.8% | $4.9M+30.1% | $3.8M |
| Income Tax | $442K+124.5% | -$1.8M-86.1% | -$968K-145.4% | $2.1M+139.7% | -$5.4M-173.1% | $7.4M+647.9% | -$1.3M-505.4% | -$222K |
| Net Income | -$15.9M-146.8% | $33.9M+169.6% | -$48.7M+67.2% | -$148.4M-5409.7% | $2.8M+126.5% | -$10.6M-634.7% | -$1.4M+70.1% | -$4.8M |
| EPS (Diluted) | $-0.67-36.7% | $-0.49+35.5% | $-0.76+85.6% | $-5.29-13125.0% | $-0.04+96.3% | $-1.07-872.7% | $-0.11+52.2% | $-0.23 |
CMTL Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $734.1M-2.3% | $751.1M-2.5% | $770.6M-2.9% | $793.2M-20.0% | $991.0M-0.6% | $996.8M-1.6% | $1.0B+1.6% | $996.2M |
| Current Assets | $266.6M-2.9% | $274.7M-5.1% | $289.5M-5.5% | $306.6M-11.0% | $344.4M+0.3% | $343.2M-3.0% | $353.7M+15.8% | $305.5M |
| Cash & Equivalents | $43.6M+53.5% | $28.4M+6.6% | $26.7M-10.0% | $29.6M+9.0% | $27.2M-31.9% | $40.0M+120.6% | $18.1M-4.5% | $19.0M |
| Inventory | $67.8M-12.7% | $77.7M-4.6% | $81.4M-0.5% | $81.8M-14.9% | $96.1M+12.0% | $85.8M+0.4% | $85.4M-19.3% | $105.8M |
| Accounts Receivable | $140.3M-7.4% | $151.5M-9.4% | $167.2M-7.6% | $180.9M-9.4% | $199.6M+0.6% | $198.5M+7.3% | $185.1M+13.4% | $163.2M |
| Goodwill | $204.6M0.0% | $204.6M0.0% | $204.6M0.0% | $204.6M-38.6% | $333.1M0.0% | $333.1M0.0% | $333.1M-4.2% | $347.7M |
| Total Liabilities | $648.5M+2.0% | $635.7M+22.4% | $519.5M+5.1% | $494.1M+19.3% | $414.3M-2.1% | $423.3M-8.3% | $461.7M+3.6% | $445.7M |
| Current Liabilities | $156.9M-57.9% | $372.7M-3.3% | $385.3M+0.5% | $383.3M+98.2% | $193.4M-44.3% | $347.3M-11.2% | $390.9M+84.4% | $212.0M |
| Long-Term Debt | $116.6M | $0 | $0 | $0-100.0% | $157.7M | $0 | $0-100.0% | $160.0M |
| Total Equity | $85.6M-25.8% | $115.4M-10.3% | $128.7M-14.4% | $150.4M-63.0% | $406.4M-0.1% | $407.0M-6.8% | $436.8M-0.3% | $438.3M |
| Retained Earnings | -$22.8M-53.8% | -$14.8M+69.6% | -$48.7M | $0-100.0% | $204.2M-0.5% | $205.2M-12.9% | $235.7M-1.4% | $238.9M |
CMTL Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.1M+251.0% | $2.3M+1083.3% | -$234K+98.9% | -$21.8M-474.9% | -$3.8M+85.8% | -$26.7M-83.3% | -$14.5M-241.8% | -$4.3M |
| Capital Expenditures | $3.3M+32.3% | $2.5M+48.9% | $1.7M-31.6% | $2.4M-9.4% | $2.7M-37.6% | $4.3M+32.9% | $3.2M-6.5% | $3.4M |
| Free Cash Flow | $4.8M+3112.5% | -$160K+91.5% | -$1.9M+92.2% | -$24.2M-274.9% | -$6.5M+79.1% | -$30.9M-74.2% | -$17.8M-130.8% | -$7.7M |
| Investing Cash Flow | -$3.3M-32.3% | -$2.5M-48.9% | -$1.7M+31.6% | -$2.4M-292.7% | -$615K-102.2% | $28.2M+975.4% | -$3.2M+6.5% | -$3.4M |
| Financing Cash Flow | -$1.2M-162.4% | $1.9M+276.7% | -$1.1M-105.1% | $21.4M+356.5% | -$8.4M-141.2% | $20.3M+19.6% | $17.0M+223.1% | $5.3M |
| Dividends Paid | $24K | $0-100.0% | $118K+202.6% | $39K+1850.0% | $2K-98.7% | $154K+38.7% | $111K+3600.0% | $3K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CMTL Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.1%+2.4pp | 30.7%+4.1pp | 26.7%+14.1pp | 12.5%-17.9pp | 30.4%-1.8pp | 32.2%+0.7pp | 31.5%-2.8pp | 34.3% |
| Operating Margin | -2.5%-1.3pp | -1.2%+6.9pp | -8.1%+103.5pp | -111.5%-108.8pp | -2.7%-4.9pp | 2.2%+0.8pp | 1.4%+1.9pp | -0.6% |
| Net Margin | -14.3%-41.1pp | 26.8%+65.3pp | -38.5%+89.7pp | -128.2%-130.3pp | 2.2%+10.1pp | -7.9%-6.9pp | -0.9%+2.6pp | -3.6% |
| Return on Equity | N/A | 29.4% | N/A | N/A | 0.7% | N/A | N/A | N/A |
| Return on Assets | -2.2%-6.7pp | 4.5%+10.8pp | -6.3%+12.4pp | -18.7%-19.0pp | 0.3%+1.3pp | -1.1%-0.9pp | -0.1%+0.3pp | -0.5% |
| Current Ratio | 1.70+1.0 | 0.74-0.0 | 0.75-0.0 | 0.80-1.0 | 1.78+0.8 | 0.99+0.1 | 0.90-0.5 | 1.44 |
| Debt-to-Equity | 1.36+1.4 | 0.000.0 | 0.000.0 | 0.00-0.4 | 0.39+0.4 | 0.000.0 | 0.00-0.4 | 0.37 |
| FCF Margin | 4.3%+4.5pp | -0.1%+1.4pp | -1.5%+19.4pp | -20.9%-15.9pp | -5.0%+18.0pp | -23.1%-11.4pp | -11.7%-1.8pp | -9.9% |
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Frequently Asked Questions
What is Comtech Telecommunications Cp's annual revenue?
Comtech Telecommunications Cp (CMTL) reported $499.5M in total revenue for fiscal year 2025. This represents a -7.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Comtech Telecommunications Cp's revenue growing?
Comtech Telecommunications Cp (CMTL) revenue declined by 7.6% year-over-year, from $540.4M to $499.5M in fiscal year 2025.
Is Comtech Telecommunications Cp profitable?
No, Comtech Telecommunications Cp (CMTL) reported a net income of -$155.3M in fiscal year 2025, with a net profit margin of -31.1%.
What is Comtech Telecommunications Cp's earnings per share (EPS)?
Comtech Telecommunications Cp (CMTL) reported diluted earnings per share of $-6.95 for fiscal year 2025. This represents a -47.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Comtech Telecommunications Cp's EBITDA?
Comtech Telecommunications Cp (CMTL) had EBITDA of -$127.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Comtech Telecommunications Cp have?
As of fiscal year 2025, Comtech Telecommunications Cp (CMTL) had $43.6M in cash and equivalents against $116.6M in long-term debt.
What is Comtech Telecommunications Cp's gross margin?
Comtech Telecommunications Cp (CMTL) had a gross margin of 25.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Comtech Telecommunications Cp's operating margin?
Comtech Telecommunications Cp (CMTL) had an operating margin of -27.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Comtech Telecommunications Cp's net profit margin?
Comtech Telecommunications Cp (CMTL) had a net profit margin of -31.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Comtech Telecommunications Cp's free cash flow?
Comtech Telecommunications Cp (CMTL) generated -$16.9M in free cash flow during fiscal year 2025. This represents a 75.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Comtech Telecommunications Cp's operating cash flow?
Comtech Telecommunications Cp (CMTL) generated -$8.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Comtech Telecommunications Cp's total assets?
Comtech Telecommunications Cp (CMTL) had $734.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Comtech Telecommunications Cp's capital expenditures?
Comtech Telecommunications Cp (CMTL) invested $8.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Comtech Telecommunications Cp spend on research and development?
Comtech Telecommunications Cp (CMTL) invested $17.4M in research and development during fiscal year 2025.
How many shares does Comtech Telecommunications Cp have outstanding?
Comtech Telecommunications Cp (CMTL) had 30M shares outstanding as of fiscal year 2025.
What is Comtech Telecommunications Cp's current ratio?
Comtech Telecommunications Cp (CMTL) had a current ratio of 1.70 as of fiscal year 2025, which is generally considered healthy.
What is Comtech Telecommunications Cp's debt-to-equity ratio?
Comtech Telecommunications Cp (CMTL) had a debt-to-equity ratio of 1.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Comtech Telecommunications Cp's return on assets (ROA)?
Comtech Telecommunications Cp (CMTL) had a return on assets of -21.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Comtech Telecommunications Cp's cash runway?
Based on fiscal year 2025 data, Comtech Telecommunications Cp (CMTL) had $43.6M in cash against an annual operating cash burn of $8.3M. This gives an estimated cash runway of approximately 63 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Comtech Telecommunications Cp's Piotroski F-Score?
Comtech Telecommunications Cp (CMTL) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Comtech Telecommunications Cp's earnings high quality?
Comtech Telecommunications Cp (CMTL) has an earnings quality ratio of 0.05x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Comtech Telecommunications Cp cover its interest payments?
Comtech Telecommunications Cp (CMTL) has an interest coverage ratio of -3.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Comtech Telecommunications Cp?
Comtech Telecommunications Cp (CMTL) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.