What is Comtech Telecommunications's earnings per share (EPS)?

Comtech Telecommunications (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.

Comtech Telecommunications (CMTL) Financials

CMTL

Trailing 12 months to April 30, 2026

Revenue $454.2M -8.3% YoY

Net Income -$25.1M +90.1% YoY

EPS (Diluted) -$2.21 +78.0% YoY

Free Cash Flow $15.3M +138.4% YoY

Market Cap $39.5M as of Oct 3, 2026

Price / Sales 0.1x on $454.2M revenue, trailing 12 months to April 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to April 30, 2026

Price / Book 0.8x on $52.5M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Apr 30, 2026 Reported Jun 15, 2026 Currency USD FYE July

Newest figures come from the 10-Q for Q3 FY2026, filed Jun 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CMTL SEC filings page.

Comtech Telecommunications (CMTL) reported $454.2M in revenue over the twelve months to Apr 30, 2026, down 8.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI CMTL FY2025 2026-10-04

Five years of declining margins have turned a formerly modestly leveraged balance sheet into a creditor-funded operation.

Gross margin fell from 33.5% in FY2023 to 25.6% in FY2025. Operating margin moved from -2.7% to -27.9% over the same span, so the widening gap below gross profit indicates damage concentrated in operating costs and overhead, not just production economics.

FY2025 paired a net loss of $155M with operating cash outflow of $8.3M, far less cash pressure than the accounting result alone suggests. That divergence between earnings and cash means accrual and noncash items materially shaped the year, rather than profit and cash moving together.

By FY2025, liabilities were $636M against $104M of equity, making the balance sheet far more creditor-funded than shareholder-funded. Debt-to-equity rose to 1.1x from 0.4x in FY2023, while short-term assets still exceeded short-term obligations, separating long-term leverage from immediate liquidity tightness.

Financial Health Signals

Financial Health Score 28/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Comtech Telecommunications's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Comtech Telecommunications has an operating margin of -27.9%, meaning the company loses $28 on every $100 of revenue. This results in a profitability score of 21/100. This is down from -14.8% the prior year.

Growth

Comtech Telecommunications's revenue declined 7.6% year-over-year, from $540.4M to $499.5M. This contraction results in a growth score of 17/100.

Leverage

Comtech Telecommunications has a moderate D/E ratio of 1.10. This balance of debt and equity financing earns a leverage score of 45/100.

Liquidity

Comtech Telecommunications's current ratio of 1.71 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Comtech Telecommunications's operations used $8.3M of cash, and capex of $8.6M added to the outflow, for a free cash flow shortfall of $16.9M. This results in a cash flow score of 15/100.

Returns

Comtech Telecommunications posts a -148.7% return on equity (ROE), meaning it loses $149 for every $100 of shareholders' equity. This results in a returns score of 21/100. This is down from -32.6% the prior year.

Altman Z-Score Distress

0.26

Comtech Telecommunications scores 0.26, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Weak

2/9

Comtech Telecommunications 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.

Earnings Quality No Cash Backing

N/A

Comtech Telecommunications reported a net loss of $155.3M while operations used $8.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Comtech Telecommunications reported an operating loss of $139.1M against $45.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$106.0M

YoY-16.4%

QoQ-0.7%

5Y CAGR-5.3%

10Y CAGR-1.6%

Comtech Telecommunications generated $106.0M in revenue in Q3 2026. This represents a decrease of 16.4% from the same quarter a year earlier. Against the prior quarter it is down 0.7%.

EBITDA

$4.6M

YoY-26.2%

QoQ-32.0%

Comtech Telecommunications's EBITDA was $4.6M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 26.2% from the same quarter a year earlier. Against the prior quarter it is down 32.0%.

Net Income

-$3.5M

YoY-110.2%

QoQ+74.7%

Comtech Telecommunications reported -$3.5M in net income in Q3 2026. This represents a decrease of 110.2% from the same quarter a year earlier. Against the prior quarter it is up 74.7%.

EPS (Diluted)

-$0.47

YoY+4.1%

Comtech Telecommunications earned -$0.47 per diluted share (EPS) in Q3 2026. This represents an increase of 4.1% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow

$673K

YoY+520.6%

QoQ+52.3%

5Y CAGR-21.4%

Comtech Telecommunications generated $673K in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 520.6% from the same quarter a year earlier. Against the prior quarter it is up 52.3%.

Cash & Debt

$28.5M

YoY+0.2%

QoQ-13.2%

5Y CAGR-6.2%

10Y CAGR-8.5%

Comtech Telecommunications held $28.5M in cash against $104.2M in long-term debt as of Q3 2026.

Shares Outstanding

30M

YoY+1.9%

5Y CAGR+2.8%

10Y CAGR+6.4%

Comtech Telecommunications had 30M shares outstanding in Q3 2026. This represents an increase of 1.9% from the same quarter a year earlier.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

34.0%

YoY+3.3pp

QoQ+0.1pp

5Y change-4.0pp

10Y change-7.4pp

Comtech Telecommunications's gross margin was 34.0% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 3.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Operating Margin

-2.9%

YoY-1.7pp

QoQ-1.8pp

Comtech Telecommunications's operating margin was -2.9% in Q3 2026, reflecting core business profitability. This is down 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.8 percentage points.

Net Margin

-3.3%

YoY-30.0pp

QoQ+9.5pp

5Y change-3.8pp

10Y change+8.3pp

Comtech Telecommunications's net profit margin was -3.3% in Q3 2026, showing the share of revenue converted to profit. This is down 30.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.5 percentage points.

Return on Equity

-6.6%

YoY-36.0pp

QoQ+14.2pp

5Y change-6.7pp

10Y change-2.8pp

Comtech Telecommunications's ROE was -6.6% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 36.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.2 percentage points.

Capital Allocation

R&D Spending

$5.2M

YoY+18.0%

QoQ+17.8%

Comtech Telecommunications invested $5.2M in research and development in Q3 2026. This represents an increase of 18.0% from the same quarter a year earlier. Against the prior quarter it is up 17.8%.

Capital Expenditures

$5.4M

YoY+120.8%

QoQ+22.7%

5Y CAGR+3.6%

10Y CAGR+13.0%

Comtech Telecommunications invested $5.4M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 120.8% from the same quarter a year earlier. Against the prior quarter it is up 22.7%.

Share Buybacks

Not reported for Q3 2026.

CMTL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CMTL quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$454.2M	$499.5M-7.6%	$540.4M-1.7%	$550.0M+13.1%	$486.2M-16.4%	$581.7M-5.7%	$616.7M-8.2%	$671.8M+17.7%	$570.6M+3.7%	$550.4M+33.9%	$411.0M+33.8%	$307.3M-11.5%	$347.1M+8.6%	$319.8M-24.8%	$425.1M-30.6%	$612.4M
Cost of Revenue	$304.4M	$371.7M-3.0%	$383.2M+4.8%	$365.5M+19.3%	$306.4M-16.7%	$367.7M-5.7%	$389.9M-8.1%	$424.4M+22.4%	$346.6M+4.4%	$332.2M+38.5%	$239.8M+42.4%	$168.4M-14.0%	$195.7M+9.4%	$179.0M-25.9%	$241.6M-34.9%	$371.3M
Gross Profit	$149.7M	$127.9M-18.6%	$157.2M-14.8%	$184.5M+2.6%	$179.8M-15.9%	$214.0M-5.7%	$226.8M-8.3%	$247.4M+10.5%	$223.9M+2.6%	$218.2M+27.4%	$171.2M+23.3%	$138.9M-8.3%	$151.4M+7.5%	$140.8M-23.3%	$183.5M-23.9%	$241.0M
R&D Expenses	$18.4M	$17.4M-27.7%	$24.1M-50.5%	$48.6M-7.4%	$52.5M+6.9%	$49.1M-5.8%	$52.2M-7.5%	$56.4M+4.7%	$53.9M-0.7%	$54.3M+28.6%	$42.2M+17.5%	$35.9M+5.3%	$34.1M-7.2%	$36.7M-4.5%	$38.5M-11.6%	$43.5M
SG&A Expenses	$114.8M	$143.5M+16.5%	$123.2M+2.7%	$120.0M+4.5%	$114.9M+2.7%	$111.8M-4.6%	$117.1M-8.9%	$128.6M+12.9%	$113.9M-1.9%	$116.1M+22.3%	$94.9M+51.5%	$62.7M-6.7%	$67.1M+6.1%	$63.3M-27.4%	$87.1M-7.5%	$94.1M
Operating Income	-$5.3M	-$139.1M-74.1%	-$79.9M-445.0%	-$14.7M+56.6%	-$33.8M+50.6%	-$68.3M-550.1%	$15.2M-63.4%	$41.4M+18.1%	$35.1M-5.3%	$37.0M+6530.9%	-$576K-101.7%	$34.1M-22.4%	$43.9M+27.3%	$34.5M-32.7%	$51.3M-52.4%	$107.8M
EBITDA	N/A	-$127.3M-87.9%	-$67.7M-2373.7%	-$2.7M+88.3%	-$23.4M+60.2%	-$58.9M-328.9%	$25.7M-51.7%	$53.3M+9.4%	$48.7M-34.3%	$74.2M+227.4%	$22.7M-51.6%	$46.8M-17.7%	$56.9M+17.0%	$48.7M-28.6%	$68.1M-44.2%	$122.1M
Interest Expense	$46.5M	$45.6M+106.1%	$22.2M+48.1%	$15.0M+197.4%	$5.0M-26.2%	$6.8M+12.7%	$6.1M-34.5%	$9.2M-9.3%	$10.2M-12.3%	$11.6M+50.1%	$7.8M+1518.0%	$479K-92.4%	$6.3M-22.8%	$8.2M-7.6%	$8.8M+5.0%	$8.4M
Income Tax	$2.3M	-$80K+72.9%	-$295K+92.5%	-$3.9M+1.9%	-$4.0M-168.2%	-$1.5M-165.5%	$2.3M-40.8%	$3.9M+175.2%	-$5.1M-153.3%	$9.7M+2226.4%	-$454K-104.2%	$10.8M-19.5%	$13.4M+37.9%	$9.7M-16.7%	$11.6M-65.7%	$33.9M
Net Income	-$25.1M	-$155.3M-55.3%	-$100.0M-271.7%	-$26.9M+18.6%	-$33.1M+55.0%	-$73.5M-1146.7%	$7.0M-72.0%	$25.0M-15.9%	$29.8M+88.1%	$15.8M+304.5%	-$7.7M-133.3%	$23.2M-7.6%	$25.2M+41.2%	$17.8M-45.1%	$32.4M-52.3%	$67.9M
EPS (Basic)	N/A	-$6.95-47.9%	-$4.70-288.4%	-$1.21+25.8%	-$1.63+43.0%	-$2.86-1121.4%	$0.28-73.1%	$1.04-16.8%	$1.25+83.8%	$0.68+247.8%	-$0.46-132.2%	$1.43-9.5%	$1.58+50.5%	$1.05-35.2%	$1.62-36.0%	$2.53
EPS (Diluted)	-$2.21	-$6.95-47.9%	-$4.70-288.4%	-$1.21+25.8%	-$1.63+43.0%	-$2.86-1121.4%	$0.28-72.8%	$1.03-16.9%	$1.24+85.1%	$0.67+245.7%	-$0.46-132.4%	$1.42+3.6%	$1.37+41.2%	$0.97-31.7%	$1.42-36.0%	$2.22
Diluted Shares (Avg)	N/A	29M+2.1%	29M+2.8%	28M+5.6%	27M+3.2%	26M+3.2%	25M+2.5%	24M+1.1%	24M+2.3%	23M+38.4%	17M+3.4%	16M-21.5%	21M-9.4%	23M-11.3%	26M-20.3%	33M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q
Revenue	$106.0M-16.4%	$106.8M-15.7%	$111.0M-4.1%	$130.4M+3.3%	$126.8M-1.0%	$126.6M-5.7%	$115.8M-23.8%	$126.2M-15.2%
Cost of Revenue	$69.9M-20.4%	$70.5M-24.0%	$74.3M-26.7%	$89.7M-9.4%	$87.8M-1.4%	$92.8M+2.0%	$101.3M-2.6%	$99.0M-1.2%
Gross Profit	$36.1M-7.4%	$36.2M+7.4%	$36.8M+153.3%	$40.7M+49.8%	$38.9M0.0%	$33.7M-21.9%	$14.5M-69.7%	$27.1M-44.1%
R&D Expenses	$5.2M+18.0%	$4.4M+1.7%	$3.8M+2.1%	$4.9M+33.7%	$4.4M-23.0%	$4.4M-36.4%	$3.7M-52.5%	$3.7M-68.7%
SG&A Expenses	$29.3M-2.9%	$27.7M-18.2%	$29.9M-42.0%	$27.8M-11.7%	$30.2M+5.2%	$33.8M+11.6%	$51.6M+58.0%	$31.5M+3.8%
Operating Income	-$3.1M-103.8%	-$1.2M+87.9%	-$2.8M+97.9%	$1.9M+102.3%	-$1.5M+55.9%	-$10.3M-445.0%	-$129.2M-6292.2%	-$81.5M-7368.4%
EBITDA	$4.6M-26.2%	$6.8M+378.1%	$5.3M+104.4%	-$11.4M+87.9%	$6.2M+26.3%	-$2.4M-121.8%	-$119.7M-1251.1%	-$94.3M-701.9%
Interest Expense	$11.5M-10.6%	$11.2M+2.0%	$11.6M+21.2%	$12.2M+79.2%	$12.9M+150.8%	$11.0M+109.1%	$9.5M+93.3%	$6.8M+49.7%
Income Tax	$1.3M+170.4%	$17K+101.8%	$442K-79.3%	$555K+159.4%	-$1.8M+66.5%	-$968K-113.1%	$2.1M+258.8%	-$934K-402.2%
Net Income	-$3.5M-110.2%	-$13.6M+72.0%	-$15.9M+89.3%	$7.9M+108.7%	$33.9M+1114.1%	-$48.7M-361.6%	-$148.4M-10227.6%	-$90.8M-2464.5%
EPS (Basic)	-$0.47+4.1%	-$0.68+10.5%	-$0.67+87.3%	-$0.39+88.8%	-$0.49-1125.0%	-$0.76+29.0%	-$5.29-4709.1%	-$3.49-1736.8%
EPS (Diluted)	-$0.47+4.1%	-$0.68	-$0.67+87.3%	-$0.39+88.8%	-$0.49-1125.0%	-$0.76	-$5.29	-$3.49-1736.8%
Diluted Shares (Avg)	30M+2.2%	30M	30M+0.6%	N/A	29M+1.9%	29M	29M	N/A

CMTL Balance Sheet

CMTL quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$740.8M-6.6%	$793.2M-20.4%	$996.2M+2.3%	$974.3M-1.9%	$993.1M+6.8%	$929.6M+4.7%	$887.7M+5.0%	$845.2M+1.6%	$832.1M-9.7%	$921.2M+94.4%	$473.9M0.0%	$473.9M-30.5%	$681.8M-5.3%	$719.8M-23.2%	$937.5M
Current Assets	$270.2M-19.7%	$336.6M+10.2%	$305.5M+16.0%	$263.3M-8.4%	$287.5M+3.8%	$277.1M-1.1%	$280.3M+0.2%	$279.8M+16.1%	$241.0M-20.6%	$303.6M+1.0%	$300.8M+3.4%	$290.8M-40.6%	$489.7M-5.3%	$516.9M-28.5%	$723.1M
Cash & Equivalents	$40.0M+23.4%	$32.4M+71.1%	$19.0M-12.4%	$21.7M-29.8%	$30.9M-35.5%	$47.9M+5.1%	$45.6M+4.8%	$43.5M+3.9%	$41.8M-37.4%	$66.8M-55.7%	$151.0M-2.3%	$154.5M-56.7%	$356.6M-3.1%	$367.9M-34.2%	$558.8M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$69.0M-26.0%	$93.1M-12.0%	$105.8M+9.9%	$96.3M+19.9%	$80.4M-2.4%	$82.3M+10.0%	$74.8M-0.3%	$75.1M+23.9%	$60.6M-15.1%	$71.4M+15.0%	$62.1M+1.2%	$61.3M-6.3%	$65.5M-9.5%	$72.4M-3.1%	$74.7M
Accounts Receivable	$144.8M-26.0%	$195.6M+19.9%	$163.2M+31.9%	$123.7M-21.8%	$158.1M+24.7%	$126.8M-12.6%	$145.0M-1.6%	$147.4M+18.0%	$125.0M-17.2%	$151.0M+118.0%	$69.3M+26.2%	$54.9M+10.0%	$49.9M-11.2%	$56.2M-20.6%	$70.8M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$204.6M-28.0%	$284.2M-18.3%	$347.7M0.0%	$347.7M0.0%	$347.7M+5.2%	$330.5M+6.5%	$310.5M+6.8%	$290.6M0.0%	$290.6M+1.0%	$287.6M+109.4%	$137.4M0.0%	$137.4M0.0%	$137.4M0.0%	$137.4M0.0%	$137.4M
Total Liabilities	$636.4M+49.4%	$426.1M-4.4%	$445.7M+10.7%	$402.5M-18.3%	$492.4M+29.5%	$380.3M+7.9%	$352.6M+3.9%	$339.5M-3.5%	$351.9M-21.9%	$450.8M+522.1%	$72.5M-5.8%	$76.9M-72.3%	$277.8M-4.3%	$290.4M-5.8%	$308.3M
Current Liabilities	$158.2M-13.8%	$183.5M-13.4%	$212.0M+9.6%	$193.5M-5.0%	$203.6M+27.5%	$159.7M+9.9%	$145.3M-12.1%	$165.3M+14.6%	$144.2M-21.7%	$184.1M+186.2%	$64.3M-2.8%	$66.2M-75.4%	$269.1M+225.6%	$82.7M-14.0%	$96.1M
Non-Current Liabilities	$478.2M+97.1%	$242.6M+3.8%	$233.8M+11.8%	$209.1M-27.6%	$288.8M+30.9%	$220.6M+6.4%	$207.3M+19.0%	$174.2M-16.2%	$207.7M-22.1%	$266.6M+3179.4%	$8.1M-24.3%	$10.7M+24.0%	$8.7M-95.8%	$207.7M-2.1%	$212.3M
Long-Term Debt	$114.4M-34.1%	$173.5M+8.4%	$160.0M+23.1%	$130.0M-35.3%	$201.0M+34.4%	$149.5M-9.4%	$165.0M+11.4%	$148.1M-16.0%	$176.2M-26.6%	$240.0M	$0	N/A	N/A	N/A	N/A
Total Equity	$104.4M-65.9%	$306.3M-30.1%	$438.3M-6.1%	$466.6M-6.8%	$500.7M-8.8%	$549.3M+2.7%	$535.1M+5.8%	$505.7M+5.3%	$480.1M+2.1%	$470.4M+17.2%	$401.4M+1.1%	$396.9M-1.8%	$404.1M-5.9%	$429.4M-31.8%	$629.2M
Retained Earnings	-$6.9M-106.7%	$103.6M-56.6%	$238.9M-14.3%	$278.7M-16.3%	$333.0M-20.2%	$417.3M-0.7%	$420.3M+3.7%	$405.2M+5.2%	$385.1M+0.4%	$383.6M-7.1%	$413.1M+0.9%	$409.4M+1.5%	$403.4M-0.2%	$404.2M+2.8%	$393.1M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q
Total Assets	$693.5M-7.7%	$703.8M-8.7%	$734.1M-7.4%	$740.8M-6.6%	$751.1M-24.2%	$770.6M-22.7%	$793.2M-21.7%	$793.2M-20.4%
Current Assets	$236.7M-13.8%	$241.6M-16.6%	$266.6M-13.0%	$270.2M-19.7%	$274.7M-20.2%	$289.5M-15.6%	$306.6M-13.3%	$336.6M+10.2%
Cash & Equivalents	$28.5M+0.2%	$32.8M+23.1%	$43.6M+47.2%	$40.0M+23.4%	$28.4M+4.6%	$26.7M-33.3%	$29.6M+63.6%	$32.4M+71.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$61.8M-20.4%	$66.0M-18.9%	$67.8M-17.1%	$69.0M-26.0%	$77.7M-19.2%	$81.4M-5.1%	$81.8M-4.3%	$93.1M-12.0%
Accounts Receivable	$127.8M-15.6%	$127.9M-23.5%	$140.3M-22.4%	$144.8M-26.0%	$151.5M-24.1%	$167.2M-15.8%	$180.9M-2.3%	$195.6M+19.9%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$204.6M0.0%	$204.6M0.0%	$204.6M0.0%	$204.6M-28.0%	$204.6M-38.6%	$204.6M-38.6%	$204.6M-38.6%	$284.2M-18.3%
Total Liabilities	$641.0M+0.8%	$638.2M+22.8%	$648.5M+31.2%	$636.4M+49.4%	$635.7M+53.4%	$519.5M+22.7%	$494.1M+7.0%	$426.1M-4.4%
Current Liabilities	$147.2M-60.5%	$143.3M-62.8%	$156.9M-59.1%	$158.2M-13.8%	$372.7M+92.7%	$385.3M+11.0%	$383.3M-2.0%	$183.5M-13.4%
Non-Current Liabilities	$493.8M+87.7%	$494.9M+268.7%	$491.6M+343.6%	$478.2M+97.1%	$263.0M+19.0%	$134.2M+76.5%	$110.8M+56.6%	$242.6M+3.8%
Long-Term Debt	$104.2M	$107.7M	$116.6M	$114.4M-34.1%	$0-100.0%	$0	$0	$173.5M+8.4%
Total Equity	$52.5M-54.5%	$65.6M-49.0%	$85.6M-43.1%	$104.4M-65.9%	$115.4M-71.6%	$128.7M-68.4%	$150.4M-65.6%	$306.3M-30.1%
Retained Earnings	-$39.9M-169.2%	-$36.4M+25.3%	-$22.8M	-$6.9M-106.7%	-$14.8M-107.3%	-$48.7M-123.8%	$0-100.0%	$103.6M-56.6%

CMTL Cash Flow Statement

CMTL quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$30.5M	-$8.3M+84.8%	-$54.5M-1129.3%	-$4.4M-322.0%	$2.0M+104.9%	-$40.6M-177.0%	$52.8M-22.4%	$68.0M+35.1%	$50.3M-24.8%	$66.9M+343.9%	$15.1M-30.6%	$21.7M-37.2%	$34.6M-8.2%	$37.7M-29.5%	$53.5M-45.1%	$97.4M
Depreciation & Amortization	N/A	$11.8M-3.0%	$12.2M+2.0%	$11.9M+15.6%	$10.3M+10.0%	$9.4M-11.2%	$10.6M-11.5%	$11.9M-12.7%	$13.7M-63.3%	$37.2M+59.9%	$23.2M+82.5%	$12.7M-2.1%	$13.0M-8.2%	$14.2M-15.9%	$16.8M+18.2%	$14.3M
Stock-Based Compensation	N/A	$3.1M-48.8%	$6.1M-39.7%	$10.1M+30.1%	$7.8M-22.2%	$10.0M+7.6%	$9.3M-18.8%	$11.4M+33.4%	$8.6M+0.7%	$8.5M+106.6%	$4.1M-5.6%	$4.4M+2.3%	$4.3M+36.2%	$3.1M-12.4%	$3.6M-33.3%	$5.4M
Capital Expenditures	$15.2M	$8.6M-34.5%	$13.1M-28.6%	$18.3M-6.7%	$19.6M+22.3%	$16.0M+122.0%	$7.2M-17.8%	$8.8M+1.7%	$8.6M+6.0%	$8.2M+43.8%	$5.7M+68.6%	$3.4M-31.9%	$4.9M-7.7%	$5.3M-16.6%	$6.4M-10.2%	$7.1M
Free Cash Flow	$15.3M	-$16.9M+75.1%	-$67.6M-197.1%	-$22.7M-29.1%	-$17.6M+68.9%	-$56.7M-224.5%	$45.5M-23.1%	$59.2M+42.1%	$41.7M-29.0%	$58.8M+524.6%	$9.4M-48.8%	$18.4M-38.1%	$29.7M-8.3%	$32.3M-31.3%	$47.1M-47.8%	$90.2M
Investing Cash Flow	-$15.1M	-$8.6M-142.5%	$20.1M+210.0%	-$18.3M+6.7%	-$19.6M-26.7%	-$15.5M+23.3%	-$20.2M+54.8%	-$44.7M-416.9%	-$8.6M-6.0%	-$8.2M+97.2%	-$286.2M-8412.8%	-$3.4M+31.9%	-$4.9M+7.7%	-$5.3M+16.6%	-$6.4M+36.1%	-$10.0M
Financing Cash Flow	-$15.3M	$24.4M-48.9%	$47.8M+138.5%	$20.1M+138.3%	$8.4M-78.5%	$39.1M+229.1%	-$30.3M-42.3%	-$21.3M+46.9%	-$40.1M+52.2%	-$83.7M-144.8%	$187.0M+953.4%	-$21.9M+90.5%	-$231.8M-431.6%	-$43.6M+81.7%	-$238.0M-74.8%	-$136.1M
Dividends Paid	$33K	$158K-41.0%	$268K-96.9%	$8.7M-21.6%	$11.0M+6.9%	$10.3M+3.1%	$10.0M+2.4%	$9.8M+2.6%	$9.5M-49.5%	$18.9M-2.8%	$19.4M-0.1%	$19.4M+4.0%	$18.7M-1.1%	$18.9M-16.6%	$22.6M+12.4%	$20.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0-100.0%	$5.0M-92.9%	$70.7M+162.4%	$27.0M-87.7%	$219.4M+83.4%	$119.6M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q
Operating Cash Flow	$6.1M+165.4%	$4.9M+2181.2%	$8.1M+137.0%	$11.4M+220.5%	$2.3M+160.7%	-$234K+99.1%	-$21.8M-49.9%	-$9.5M-123.1%
Depreciation & Amortization	$7.7M-0.6%	$8.0M+2.4%	$8.0M-15.2%	-$13.3M-3.9%	$7.8M-7.6%	$7.8M-4.8%	$9.5M+14.2%	-$12.8M+0.7%
Stock-Based Compensation	N/A	N/A	$1.1M+627.1%	N/A	N/A	N/A	$155K-94.1%	N/A
Capital Expenditures	$5.4M+120.8%	$4.4M+167.9%	$3.3M+34.8%	$2.0M-51.3%	$2.5M-7.7%	$1.7M-61.3%	$2.4M-24.9%	$4.2M+21.6%
Free Cash Flow	$673K+520.6%	$442K+123.4%	$4.8M+119.9%	$9.4M+168.8%	-$160K+97.5%	-$1.9M+93.9%	-$24.2M-36.4%	-$13.7M-77.7%
Investing Cash Flow	-$5.4M-120.3%	-$4.4M-167.9%	-$3.3M-34.8%	-$2.0M+51.3%	-$2.5M-300.2%	-$1.7M-105.9%	-$2.4M+24.9%	-$4.2M-21.6%
Financing Cash Flow	-$5.0M-360.0%	-$11.3M-931.3%	-$1.2M-105.6%	$2.2M-88.5%	$1.9M+123.1%	-$1.1M-105.4%	$21.4M+26.3%	$18.9M+260.3%
Dividends Paid	$4K	$4K-96.6%	$24K-38.5%	$1K0.0%	$0-100.0%	$118K-23.4%	$39K-64.9%	$1K-66.7%

Not reported in any period shown, so not listed: Share Buybacks.

CMTL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CMTL quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	25.6%-3.5pp	29.1%-4.4pp	33.5%-3.5pp	37.0%+0.2pp	36.8%0.0pp	36.8%-0.1pp	36.8%-2.4pp	39.3%-0.4pp	39.6%-2.0pp	41.7%-3.5pp	45.2%+1.6pp	43.6%-0.4pp	44.0%+0.9pp	43.2%+3.8pp	39.4%
Operating Margin	-27.9%-13.1pp	-14.8%-12.1pp	-2.7%+4.3pp	-6.9%+4.8pp	-11.7%-14.2pp	2.5%-3.7pp	6.2%0.0pp	6.2%-0.6pp	6.7%+6.9pp	-0.1%-11.2pp	11.1%-1.6pp	12.7%+1.9pp	10.8%-1.3pp	12.1%-5.5pp	17.6%
Net Margin	-31.1%-12.6pp	-18.5%-13.6pp	-4.9%+1.9pp	-6.8%+5.8pp	-12.6%-13.8pp	1.1%-2.6pp	3.7%-1.5pp	5.2%+2.3pp	2.9%+4.8pp	-1.9%-9.4pp	7.6%+0.3pp	7.2%+1.7pp	5.6%-2.1pp	7.6%-3.5pp	11.1%
Return on Equity	-148.7%-116.1pp	-32.6%-26.5pp	-6.1%+0.9pp	-7.1%+7.6pp	-14.7%-16.0pp	1.3%-3.4pp	4.7%-1.2pp	5.9%+2.6pp	3.3%+4.9pp	-1.6%-7.4pp	5.8%-0.5pp	6.3%+1.9pp	4.4%-3.1pp	7.5%-3.2pp	10.8%
Return on Assets	-21.0%-8.4pp	-12.6%-9.9pp	-2.7%+0.7pp	-3.4%+4.0pp	-7.4%-8.2pp	0.8%-2.1pp	2.8%-0.7pp	3.5%+1.6pp	1.9%+2.7pp	-0.8%-5.8pp	4.9%-0.4pp	5.3%+2.7pp	2.6%-1.9pp	4.5%-2.7pp	7.2%
Current Ratio	1.71-0.1x	1.83+0.4x	1.44+0.1x	1.36-0.1x	1.41-0.3x	1.74-0.2x	1.93+0.2x	1.690.0x	1.670.0x	1.65-3.0x	4.67+0.3x	4.39+2.6x	1.82-4.4x	6.25-1.3x	7.53
Debt-to-Equity	1.10+0.5x	0.57+0.2x	0.37+0.1x	0.28-0.1x	0.40+0.1x	0.270.0x	0.310.0x	0.29-0.1x	0.37-0.1x	0.51+0.5x	0.00-0.2x	0.19-0.5x	0.690.0x	0.68+0.2x	0.49
Asset Turnover	0.670.0x	0.68+0.1x	0.55+0.1x	0.50-0.1x	0.59-0.1x	0.66-0.1x	0.76+0.1x	0.680.0x	0.66+0.2x	0.45-0.2x	0.65-0.1x	0.73+0.3x	0.47-0.1x	0.59-0.1x	0.65
FCF Margin	-3.4%+9.1pp	-12.5%-8.4pp	-4.1%-0.5pp	-3.6%+6.1pp	-9.7%-17.1pp	7.4%-1.4pp	8.8%+1.5pp	7.3%-3.4pp	10.7%+8.4pp	2.3%-3.7pp	6.0%-2.6pp	8.5%-1.6pp	10.1%-1.0pp	11.1%-3.6pp	14.7%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q
Gross Margin	34.0%+3.3pp	33.9%+7.3pp	33.1%+20.6pp	31.2%+9.7pp	30.7%+0.3pp	26.7%-5.5pp	12.5%-19.0pp	21.5%-11.1pp
Operating Margin	-2.9%-1.7pp	-1.2%+6.9pp	-2.5%	1.4%+66.0pp	-1.2%+1.5pp	-8.1%-10.3pp	-111.5%	-64.6%-65.3pp
Net Margin	-3.3%-30.0pp	-12.8%+25.7pp	-14.3%	6.1%+78.0pp	26.8%+24.6pp	-38.5%-30.6pp	-128.2%	-71.9%-69.6pp
Return on Equity	-6.6%-36.0pp	-20.8%+17.1pp	-18.6%+80.2pp	7.6%+37.2pp	29.4%+28.7pp	-37.9%-35.3pp	-98.7%-98.4pp	-29.6%-28.8pp
Return on Assets	-0.5%-5.0pp	-1.9%+4.4pp	-2.2%+16.5pp	1.1%+12.5pp	4.5%+4.2pp	-6.3%-5.3pp	-18.7%-18.6pp	-11.5%-11.1pp
Current Ratio	1.61+0.9x	1.69+0.9x	1.70+0.9x	1.71-0.1x	0.74-1.0x	0.75-0.2x	0.80-0.1x	1.83+0.4x
Debt-to-Equity	1.98+2.0x	1.64+1.6x	1.36+1.4x	1.10+0.5x	0.00-0.4x	0.000.0x	0.000.0x	0.57+0.2x
Asset Turnover	0.150.0x	0.150.0x	0.150.0x	0.180.0x	0.170.0x	0.160.0x	0.150.0x	0.160.0x
FCF Margin	0.6%+0.8pp	0.4%+1.9pp	4.3%+25.3pp	7.2%+18.1pp	-0.1%+4.9pp	-1.5%+21.6pp	-20.9%-9.2pp	-10.8%-5.7pp

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Comtech Telecommunications CMTL	FY2025	$499.5M	-$155.3M	-31.1%	$39.5M	28/100
AMPLITECH GROUP INC. COM AMPG	FY2025	$25.2M	-$7.0M	-27.8%	$91.6M	32/100
Optical Cable Corp. OCC	FY2025	$73.0M	-$1.5M	-2.0%	$161.3M	48/100
Silicom Ltd SILC	FY2025	$61.9M	-$11.5M	-18.5%	$345.0M	54/100
Ceragon Networks Ltd CRNT	FY2025	$338.7M	-$2.1M	-0.6%	$199.0M	46/100
Lantronix Inc LTRX	FY2026	$120.9M	-$4.2M	-3.5%	$337.1M	45/100

Where Comtech Telecommunications Ranks

Frequently Asked Questions

What is Comtech Telecommunications's annual revenue?

Comtech Telecommunications (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's revenue growing?

Comtech Telecommunications (CMTL) revenue declined by 7.6% year-over-year, from $540.4M to $499.5M in fiscal year 2025.

Is Comtech Telecommunications profitable?

No, Comtech Telecommunications (CMTL) reported a net income of -$155.3M in fiscal year 2025, with a net profit margin of -31.1%.

What is Comtech Telecommunications's EBITDA?

Comtech Telecommunications (CMTL) had EBITDA of -$127.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Comtech Telecommunications have?

As of fiscal year 2025, Comtech Telecommunications (CMTL) had $40.0M in cash and equivalents against $114.4M in long-term debt.

What is Comtech Telecommunications's gross margin?

Comtech Telecommunications (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's operating margin?

Comtech Telecommunications (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's net profit margin?

Comtech Telecommunications (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's return on equity (ROE)?

Comtech Telecommunications (CMTL) has a return on equity of -148.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Comtech Telecommunications's free cash flow?

Comtech Telecommunications (CMTL) recorded an outflow of $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's operating cash flow?

Comtech Telecommunications (CMTL) recorded an outflow of $8.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Comtech Telecommunications's total assets?

Comtech Telecommunications (CMTL) had $740.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Comtech Telecommunications's capital expenditures?

Comtech Telecommunications (CMTL) invested $8.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Comtech Telecommunications spend on research and development?

Comtech Telecommunications (CMTL) invested $17.4M in research and development during fiscal year 2025.

How many shares does Comtech Telecommunications have outstanding?

Comtech Telecommunications (CMTL) had 30M shares outstanding as of fiscal year 2025.

What is Comtech Telecommunications's current ratio?

Comtech Telecommunications (CMTL) had a current ratio of 1.71 as of fiscal year 2025, which is generally considered healthy.

What is Comtech Telecommunications's debt-to-equity ratio?

Comtech Telecommunications (CMTL) had a debt-to-equity ratio of 1.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Comtech Telecommunications's return on assets (ROA)?

Comtech Telecommunications (CMTL) had a return on assets of -21.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Comtech Telecommunications's P/E ratio?

Comtech Telecommunications (CMTL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to April 30, 2026). The market capitalization is $39.5M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Comtech Telecommunications's price-to-sales ratio?

Comtech Telecommunications (CMTL) trades at 0.1x sales, its market capitalization divided by revenue of $454.2M revenue, trailing 12 months to April 30, 2026. The market capitalization is $39.5M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does Comtech Telecommunications's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Comtech Telecommunications (CMTL) held $40.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $8.3M over that year. Dividing the one by the other, the reported balance equals about 58 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Comtech Telecommunications's Altman Z-Score?

Comtech Telecommunications (CMTL) has an Altman Z-Score of 0.26, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Comtech Telecommunications's Piotroski F-Score?

Comtech Telecommunications (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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Comtech Telecommunications's earnings high quality?

Comtech Telecommunications (CMTL) reported a net loss of $155.3M while operations used $8.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 cover its interest payments?

Comtech Telecommunications (CMTL) reported an operating loss of $139.1M against $45.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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?

Comtech Telecommunications (CMTL) scores 28 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.