VWAV
VisionWave Holdings, Inc.
Aerospace & Defense
Market Cap$85M
5Y Perf.+12.3%
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Stock Comparison
VWAV vs WAVE vs VIAV vs OESX vs MVIS
Revenue, margins, valuation, and 5-year total return — side by side.
WAVE
Eco Wave Power Global AB (publ)
Renewable Utilities
Market Cap$53M
5Y Perf.+12.4%
VIAV
Viavi Solutions Inc.
Communication Equipment
Market Cap$12.36B
5Y Perf.+220.0%
OESX
Orion Energy Systems, Inc.
Electrical Equipment & Parts
Market Cap$34M
5Y Perf.-81.1%
MVIS
MicroVision, Inc.
Hardware, Equipment & Parts
Market Cap$214M
5Y Perf.-94.9%
VWAV vs WAVE vs VIAV vs OESX vs MVIS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | VWAV | WAVE | VIAV | OESX | MVIS |
|---|---|---|---|---|---|
| Industry | Aerospace & Defense | Renewable Utilities | Communication Equipment | Electrical Equipment & Parts | Hardware, Equipment & Parts |
| Market Cap | $85M | $53M | $12.36B | $34M | $214M |
| Revenue (TTM) | $0.00 | $168K | $1.37B | $81M | $1M |
| Net Income (TTM) | $-1M | $-3M | $-55M | $-5M | $-95M |
| Gross Margin | — | 75.0% | 55.7% | 29.9% | -14.4% |
| Operating Margin | — | -15.3% | 8.2% | -4.3% | -57.4% |
| Forward P/E | — | — | 57.1x | — | — |
| Total Debt | $5M | $1M | $692M | $10M | $37M |
| Cash & Equiv. | $2M | $6M | $424M | $6M | $32M |
VWAV vs WAVE vs VIAV vs OESX vs MVIS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
VWAV
WAVE
VIAV
OESX
MVIS
| Stock | Jul 21 | May 26 | Return |
|---|---|---|---|
| Eco Wave Power Glob… (WAVE) | 100 | 112.4 | +12.4% |
| Viavi Solutions Inc. (VIAV) | 100 | 320.0 | +220.0% |
| Orion Energy System… (OESX) | 100 | 18.9 | -81.1% |
| MicroVision, Inc. (MVIS) | 100 | 5.1 | -94.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: VWAV vs WAVE vs VIAV vs OESX vs MVIS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: VIAV and OESX are tied at the top with 2 categories each (5-stock set) — the right choice depends on your priorities. Orion Energy Systems, Inc. is the stronger pick specifically for valuation and capital efficiency and operational efficiency and capital deployment. VWAV and WAVE also each lead in at least one category. This set spans 3 sectors — these stocks serve different portfolio roles, not just different price points.
VWAV
VisionWave Holdings, Inc.
The Quality Compounder
VWAV ranks third and is worth considering specifically for quality.
- -2.2% margin vs MVIS's -78.6%
Best for: quality
WAVE
Eco Wave Power Global AB (publ)
The Defensive Pick
WAVE is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 1.01, Low D/E 24.4%, current ratio 2.49x
- Beta 1.01, current ratio 2.49x
- Beta 1.01 vs MVIS's 2.66, lower leverage
Best for: sleep-well-at-night and defensive
VIAV
Viavi Solutions Inc.
The Growth Play
VIAV has the current edge in this matchup, primarily because of its strength in growth exposure and long-term compounding.
- Rev growth 8.4%, EPS growth 225.0%, 3Y rev CAGR -5.7%
- 7.5% 10Y total return vs VWAV's 78.6%
- 8.4% revenue growth vs VWAV's -94.8%
- +463.3% vs MVIS's -42.4%
Best for: growth exposure and long-term compounding
OESX
Orion Energy Systems, Inc.
The Income Pick
OESX is the #2 pick in this set and the best alternative if income & stability is your priority.
- Dividend streak 1 yrs, beta 1.03
- Better valuation composite
- -0.0% ROA vs VWAV's -104.6%
Best for: income & stability
MVIS
MicroVision, Inc.
The Technology Pick
Among these 5 stocks, MVIS doesn't own a clear edge in any measured category.
Best for: technology exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | VIAV | 8.4% revenue growth vs VWAV's -94.8% |
| Value | OESX | Better valuation composite |
| Quality / Margins | VWAV | -2.2% margin vs MVIS's -78.6% |
| Stability / Safety | WAVE | Beta 1.01 vs MVIS's 2.66, lower leverage |
| Dividends | Tie | None of these 5 stocks pay a meaningful dividend |
| Momentum (1Y) | VIAV | +463.3% vs MVIS's -42.4% |
| Efficiency (ROA) | OESX | -0.0% ROA vs VWAV's -104.6% |
VWAV vs WAVE vs VIAV vs OESX vs MVIS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
FY 2025
FY 2024
FY 2025
VWAV vs WAVE vs VIAV vs OESX vs MVIS — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLVIAVLAGGINGMVIS
Who Leads Where
VIAV leads in 3 of 6 categories
OESX leads 1 • WAVE leads 1 • VWAV leads 0 • MVIS leads 0 • 1 tied
Explore the data ↓MVISMicroVision, Inc.
0leads
VWAVVisionWave Holdings, …
0leads
OESXOrion Energy Systems,…
1leads
WAVEEco Wave Power Global…
1leads
VIAVViavi Solutions Inc.
3leads
6 Total Categories
CATEGORYLEADERvs WAVEvs OESXMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
VIAV3/6
Valuation MetricsMultiples, price ratios, and targets
OESX3/4
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
VIAV4/9
Total Returns1Y, 3Y, 5Y total returns with dividends
VIAV6/6
Risk & VolatilityBeta, volatility, and downside exposure
WAVE2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
VIAV leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
VIAV and VWAV operate at a comparable scale, with $1.4B and $0 in trailing revenue. VIAV is the more profitable business, keeping -4.0% of every revenue dollar as net income compared to MVIS's -78.6%. On growth, VIAV holds the edge at +42.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | VWAVVisionWave Holdin… | WAVEEco Wave Power Gl… | VIAVViavi Solutions I… | OESXOrion Energy Syst… | MVISMicroVision, Inc. |
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $0 | $168,000 | $1.4B | $81M | $1M |
| EBITDAEarnings before interest/tax | -$983,526 | -$2M | $207M | -$1M | -$64M |
| Net IncomeAfter-tax profit | -$1M | -$3M | -$55M | -$5M | -$95M |
| Free Cash FlowCash after capex | -$687,780 | $0 | $46M | $348M | -$59M |
| Gross MarginGross profit ÷ Revenue | — | +75.0% | +55.7% | +29.9% | -14.4% |
| Operating MarginEBIT ÷ Revenue | — | -15.3% | +8.2% | -4.3% | -57.4% |
| Net MarginNet income ÷ Revenue | — | -17.6% | -4.0% | -5.6% | -78.6% |
| FCF MarginFCF ÷ Revenue | — | -86.2% | +3.3% | +4.3% | -49.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — | +42.8% | +7.7% | -86.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +24.6% | -177.8% | -70.2% | +109.6% | +14.3% |
VIAV leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
OESX leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
| Metric | VWAVVisionWave Holdin… | WAVEEco Wave Power Gl… | VIAVViavi Solutions I… | OESXOrion Energy Syst… | MVISMicroVision, Inc. |
|---|---|---|---|---|---|
| Market CapShares × price | $85M | $53M | $12.4B | $34M | $214M |
| Enterprise ValueMkt cap + debt − cash | $87M | $48M | $12.6B | $38M | $218M |
| Trailing P/EPrice ÷ TTM EPS | -10.43x | -14.30x | 356.00x | -2.63x | -1.99x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | 57.06x | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | 78.00x | — | — |
| EV / EBITDAEnterprise value multiple | — | — | 94.50x | — | — |
| Price / SalesMarket cap ÷ Revenue | — | 1397.61x | 11.40x | 0.42x | 176.90x |
| Price / BookPrice ÷ Book value/share | — | 9.74x | 15.45x | 2.62x | 3.43x |
| Price / FCFMarket cap ÷ FCF | — | — | 199.29x | 68.09x | — |
OESX leads this category, winning 3 of 4 comparable metrics.
Profitability & Efficiency
VIAV leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
OESX delivers a -0.0% return on equity — every $100 of shareholder capital generates $-0 in annual profit, vs $-137 for MVIS. WAVE carries lower financial leverage with a 0.24x debt-to-equity ratio, signaling a more conservative balance sheet compared to VIAV's 0.89x. On the Piotroski fundamental quality scale (0–9), VIAV scores 5/9 vs WAVE's 1/9, reflecting solid financial health.
| Metric | VWAVVisionWave Holdin… | WAVEEco Wave Power Gl… | VIAVViavi Solutions I… | OESXOrion Energy Syst… | MVISMicroVision, Inc. |
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | — | -40.9% | -6.9% | -0.0% | -137.4% |
| ROA (TTM)Return on assets | -104.6% | -30.7% | -2.3% | -0.0% | -74.3% |
| ROICReturn on invested capital | — | -2.1% | +5.5% | -34.8% | -98.3% |
| ROCEReturn on capital employed | — | -46.1% | +4.9% | -34.9% | -93.6% |
| Piotroski ScoreFundamental quality 0–9 | 2 | 1 | 5 | 4 | 3 |
| Debt / EquityFinancial leverage | — | 0.24x | 0.89x | 0.87x | 0.66x |
| Net DebtTotal debt minus cash | $3M | -$5M | $269M | $4M | $4M |
| Cash & Equiv.Liquid assets | $2M | $6M | $424M | $6M | $32M |
| Total DebtShort + long-term debt | $5M | $1M | $692M | $10M | $37M |
| Interest CoverageEBIT ÷ Interest expense | -6.19x | -48.45x | 2.70x | -3.29x | -3.54x |
VIAV leads this category, winning 4 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
VIAV leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VIAV five years ago would be worth $33,755 today (with dividends reinvested), compared to $523 for MVIS. Over the past 12 months, VIAV leads with a +463.3% total return vs MVIS's -42.4%. The 3-year compound annual growth rate (CAGR) favors VIAV at 80.0% vs MVIS's -34.9% — a key indicator of consistent wealth creation.
| Metric | VWAVVisionWave Holdin… | WAVEEco Wave Power Gl… | VIAVViavi Solutions I… | OESXOrion Energy Syst… | MVISMicroVision, Inc. |
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -40.7% | +52.0% | +194.2% | -36.6% | -21.7% |
| 1-Year ReturnPast 12 months | +78.6% | +32.4% | +463.3% | +38.7% | -42.4% |
| 3-Year ReturnCumulative with dividends | +78.6% | +196.1% | +483.0% | -36.0% | -72.4% |
| 5-Year ReturnCumulative with dividends | +78.6% | -51.3% | +237.5% | -82.5% | -94.8% |
| 10-Year ReturnCumulative with dividends | +78.6% | -51.3% | +747.6% | -29.3% | -62.5% |
| CAGR (3Y)Annualised 3-year return | +21.3% | +43.6% | +80.0% | -13.8% | -34.9% |
VIAV leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
WAVE leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
WAVE is the less volatile stock with a 1.01 beta — it tends to amplify market swings less than MVIS's 2.66 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WAVE currently trades 92.7% from its 52-week high vs VWAV's 37.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | VWAVVisionWave Holdin… | WAVEEco Wave Power Gl… | VIAVViavi Solutions I… | OESXOrion Energy Syst… | MVISMicroVision, Inc. |
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.64x | 1.01x | 1.65x | 1.03x | 2.66x |
| 52-Week HighHighest price in past year | $15.80 | $9.87 | $60.43 | $18.64 | $1.73 |
| 52-Week LowLowest price in past year | $2.06 | $4.41 | $8.87 | $5.50 | $0.51 |
| % of 52W HighCurrent price vs 52-week peak | +37.0% | +92.7% | +88.4% | +50.8% | +40.3% |
| RSI (14)Momentum oscillator 0–100 | 48.9 | 62.7 | 67.3 | 51.8 | 59.3 |
| Avg Volume (50D)Average daily shares traded | 533K | 16K | 6.1M | 38K | 5.6M |
WAVE leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — VIAV and OESX each lead in 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: VIAV as "Buy", MVIS as "Buy". Consensus price targets imply 617.2% upside for MVIS (target: $5) vs -39.6% for VIAV (target: $32).
| Metric | VWAVVisionWave Holdin… | WAVEEco Wave Power Gl… | VIAVViavi Solutions I… | OESXOrion Energy Syst… | MVISMicroVision, Inc. |
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | — | Buy | — | Buy |
| Price TargetConsensus 12-month target | — | — | $32.25 | — | $5.00 |
| # AnalystsCovering analysts | — | — | 19 | — | 7 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | 1 | 1 | 0 |
| Dividend / ShareAnnual DPS | — | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.1% | +0.1% | +0.0% | 0.0% |
Evenly matched — VIAV and OESX each lead in 1 of 1 comparable metric.
Key Takeaway
VIAV leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). OESX leads in 1 (Valuation Metrics). 1 tied.
Best OverallViavi Solutions Inc. (VIAV)Leads 3 of 6 categories
Loading custom metrics...
VWAV vs WAVE vs VIAV vs OESX vs MVIS: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is VWAV or WAVE or VIAV or OESX or MVIS a better buy right now?
For growth investors, Viavi Solutions Inc.
(VIAV) is the stronger pick with 8. 4% revenue growth year-over-year, versus -77. 3% for Eco Wave Power Global AB (publ) (WAVE). Viavi Solutions Inc. (VIAV) offers the better valuation at 356. 0x trailing P/E (57. 1x forward), making it the more compelling value choice. Analysts rate Viavi Solutions Inc. (VIAV) a "Buy" — based on 19 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — VWAV or WAVE or VIAV or OESX or MVIS?
Over the past 5 years, Viavi Solutions Inc.
(VIAV) delivered a total return of +237. 5%, compared to -94. 8% for MicroVision, Inc. (MVIS). Over 10 years, the gap is even starker: VIAV returned +747. 6% versus MVIS's -62. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — VWAV or WAVE or VIAV or OESX or MVIS?
By beta (market sensitivity over 5 years), Eco Wave Power Global AB (publ) (WAVE) is the lower-risk stock at 1.
01β versus MicroVision, Inc. 's 2. 66β — meaning MVIS is approximately 164% more volatile than WAVE relative to the S&P 500. On balance sheet safety, Eco Wave Power Global AB (publ) (WAVE) carries a lower debt/equity ratio of 24% versus 89% for Viavi Solutions Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — VWAV or WAVE or VIAV or OESX or MVIS?
By revenue growth (latest reported year), Viavi Solutions Inc.
(VIAV) is pulling ahead at 8. 4% versus -77. 3% for Eco Wave Power Global AB (publ) (WAVE). On earnings-per-share growth, the picture is similar: Viavi Solutions Inc. grew EPS 225. 0% year-over-year, compared to -211. 1% for VisionWave Holdings, Inc.. Over a 3-year CAGR, MVIS leads at 22. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — VWAV or WAVE or VIAV or OESX or MVIS?
Viavi Solutions Inc.
(VIAV) is the more profitable company, earning 3. 2% net margin versus -97. 3% for Eco Wave Power Global AB (publ) — meaning it keeps 3. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VIAV leads at 6. 5% versus -84. 2% for WAVE. At the gross margin level — before operating expenses — VIAV leads at 56. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is VWAV or WAVE or VIAV or OESX or MVIS more undervalued right now?
Analyst consensus price targets imply the most upside for MVIS: 617.
2% to $5. 00.
07Which pays a better dividend — VWAV or WAVE or VIAV or OESX or MVIS?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is VWAV or WAVE or VIAV or OESX or MVIS better for a retirement portfolio?
For long-horizon retirement investors, Eco Wave Power Global AB (publ) (WAVE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.
01)). MicroVision, Inc. (MVIS) carries a higher beta of 2. 66 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (WAVE: -51. 3%, MVIS: -62. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between VWAV and WAVE and VIAV and OESX and MVIS?
These companies operate in different sectors (VWAV (Industrials) and WAVE (Utilities) and VIAV (Technology) and OESX (Industrials) and MVIS (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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