Comtech Telecommunications Corp. (CMTL) 10-Year Financial Performance & Capital Metrics

CMTL • • Industrial / General

TechnologyCommunication EquipmentSatellite CommunicationsSatellite Ground Equipment

AboutComtech Telecommunications Corp., together with its subsidiaries, designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satellite ground station technologies, including single channel per carrier and time division multiple access modems, amplifiers, frequency converters, and network software to modulate, demodulate, and amplify signals, as well as to carry voice, video, and/or data over networks; and public safety and location technologies, such as 911 call handling and mapping solutions that allow cellular carriers and voice over the Internet carriers to deliver emergency calls to public safety emergency call centers. The Government Solutions segment provides tactical satellite-based networks, such as satellite modems, ruggedized routers, and solid-state drives; sustainment services for the secret Internet Protocol router and non-classified Internet Protocol router access point; and small aperture terminals. This segment also offers high-performance transmission technologies that are used in communication systems comprising electronic warfare, radar, and identification friend or foe (IFF); troposcatter technologies for satellite communication; and high-power radio frequency microwave amplifiers and related switching control technologies that are used in electronic warfare, communications, radar, IFF, and medical applications. The company serves satellite systems integrators, wireless and other communication service providers, satellite broadcasters, prime contractors and system suppliers, medical equipment companies, aviation industry system integrators, oil companies, and domestic and international defense and government customers, as well as end-customers. Comtech Telecommunications Corp. was founded in 1967 and is headquartered in Melville, New York.Show more

Revenue $500M -7.6%
EBITDA -$106M -126.7%
Net Income -$155M -55.3%
EPS (Diluted) -6.95 -47.9%
Gross Margin 25.6% -12.0%
EBITDA Margin -21.14% -145.2%
Operating Margin -27.85% -88.4%
Net Margin -31.09% -68.0%
ROE -39.81% -106.4%
ROIC -17.82% -110.0%
Debt/Equity 0.85 +95.0%
Interest Coverage -0.00 +100.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 96 (top 4%)
✓Trading near 52-week high
✓Trading at only 0.6x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.98%

5Y-4.13%

3Y0.9%

TTM-7.56%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-55.33%

EPS CAGR

10Y-

5Y-

3Y-

TTM-75.26%

ROCE

10Y Avg-2.66%

5Y Avg-9.34%

3Y Avg-11.22%

Latest-21.21%

Peer Comparison

Satellite Ground Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GILTGilat Satellite Networks Ltd.	1.29B	17.67	40.16	14.79%	6.03%	6.07%	1.94%	0.03
CMTLComtech Telecommunications Corp.	171.55M	5.79	-0.83	-7.56%	-31.09%	-52.83%		0.85

Profit & Loss

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Sales/Revenue+	411M	550.37M	570.59M	671.8M	616.72M	581.7M	486.24M	549.99M	540.4M	499.53M
Revenue Growth %	0.34%	0.34%	0.04%	0.18%	-0.08%	-0.06%	-0.16%	0.13%	-0.02%	-0.08%
Cost of Goods Sold+	239.77M	332.18M	346.65M	424.36M	389.88M	367.74M	306.4M	365.53M	383.22M	371.65M
COGS % of Revenue	0.58%	0.6%	0.61%	0.63%	0.63%	0.63%	0.63%	0.66%	0.71%	0.74%
Gross Profit+	171.24M	218.19M	223.94M	247.44M	226.83M	213.96M	179.84M	184.46M	157.18M	127.87M
Gross Margin %	0.42%	0.4%	0.39%	0.37%	0.37%	0.37%	0.37%	0.34%	0.29%	0.26%
Gross Profit Growth %	0.23%	0.27%	0.03%	0.1%	-0.08%	-0.06%	-0.16%	0.03%	-0.15%	-0.19%
Operating Expenses+	150.54M	193.16M	188.87M	203.37M	211.66M	282.26M	213.59M	199.12M	237.07M	266.97M
OpEx % of Revenue	0.37%	0.35%	0.33%	0.3%	0.34%	0.49%	0.44%	0.36%	0.44%	0.53%
Selling, General & Admin	94.93M	116.08M	113.92M	128.64M	117.13M	111.8M	114.86M	120M	110.73M	143.49M
SG&A % of Revenue	0.23%	0.21%	0.2%	0.19%	0.19%	0.19%	0.24%	0.22%	0.2%	0.29%
Research & Development	42.19M	54.26M	53.87M	56.41M	52.18M	49.15M	52.53M	48.63M	24.08M	17.41M
R&D % of Revenue	0.1%	0.1%	0.09%	0.08%	0.08%	0.08%	0.11%	0.09%	0.04%	0.03%
Other Operating Expenses	13.41M	22.82M	21.07M	18.32M	42.35M	121.31M	46.2M	30.49M	102.26M	106.08M
Operating Income+	20.83M	25.09M	35.08M	41.41M	15.17M	-68.3M	-33.75M	-14.66M	-79.89M	-139.1M
Operating Margin %	0.05%	0.05%	0.06%	0.06%	0.02%	-0.12%	-0.07%	-0.03%	-0.15%	-0.28%
Operating Income Growth %	-0.39%	0.2%	0.4%	0.18%	-0.63%	-5.5%	0.51%	0.57%	-4.45%	-0.74%
EBITDA+	44.08M	62.27M	69.81M	71.65M	47.33M	-37.9M	-2.04M	18.66M	-46.58M	-105.58M
EBITDA Margin %	0.11%	0.11%	0.12%	0.11%	0.08%	-0.07%	-0%	0.03%	-0.09%	-0.21%
EBITDA Growth %	0.08%	0.41%	0.12%	0.03%	-0.34%	-1.8%	0.95%	10.14%	-3.5%	-1.27%
D&A (Non-Cash Add-back)	23.25M	37.18M	34.73M	30.25M	32.16M	30.4M	31.71M	33.32M	33.31M	33.52M
EBIT	-442K	25.02M	35.08M	38.19M	15.36M	-68.16M	-32.04M	-14.66M	-77.45M	-109.58M
Net Interest Income+	-7.62M	-11.56M	-10.45M	-9.28M	-5.86M	-6.68M	-4.33M	-16.19M	-22.83M	-45.65T
Interest Income	134K	68K	0	0	190K	139K	703K	0	0	0
Interest Expense	7.75M	11.63M	10.45M	9.28M	6.05M	6.82M	5.03M	16.19M	22.83M	45.65T
Other Income/Expense	-7.62M	-11.56M	-10.45M	-12.5M	-5.86M	-6.68M	-3.32M	-16.19M	-20.39M	-16.28M
Pretax Income+	-8.19M	25.48M	24.63M	28.91M	9.31M	-74.98M	-37.08M	-30.85M	-100.28M	-155.38M
Pretax Margin %	-0.02%	0.05%	0.04%	0.04%	0.02%	-0.13%	-0.08%	-0.06%	-0.19%	-0.31%
Income Tax+	-454K	9.65M	-5.14M	3.87M	2.29M	-1.5M	-4.02M	-3.95M	-295K	-80K
Effective Tax Rate %	0.94%	0.62%	1.21%	0.87%	0.75%	0.98%	0.89%	0.87%	1%	1%
Net Income+	-7.74M	15.83M	29.77M	25.04M	7.02M	-73.48M	-33.05M	-26.9M	-99.98M	-155.3M
Net Margin %	-0.02%	0.03%	0.05%	0.04%	0.01%	-0.13%	-0.07%	-0.05%	-0.19%	-0.31%
Net Income Growth %	-1.33%	3.05%	0.88%	-0.16%	-0.72%	-11.47%	0.55%	0.19%	-2.72%	-0.55%
Net Income (Continuing)	-7.74M	15.83M	29.77M	25.04M	7.02M	-73.48M	-33.05M	-26.9M	-99.98M	-155.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.46	0.67	1.24	1.03	0.28	-2.86	-1.25	-0.96	-4.70	-6.95
EPS Growth %	-1.32%	2.46%	0.85%	-0.17%	-0.73%	-11.21%	0.56%	0.23%	-3.9%	-0.48%
EPS (Basic)	-0.46	0.68	1.25	1.04	0.28	-2.86	-1.25	-0.96	-4.70	-6.95
Diluted Shares Outstanding	16.97M	23.49M	24.04M	24.3M	24.9M	25.68M	26.51M	28M	28.8M	29.41M
Basic Shares Outstanding	16.82M	23.43M	23.82M	24.12M	24.8M	25.68M	26.51M	28M	28.8M	29.41M
Dividend Payout Ratio	-	1.19%	0.32%	0.39%	1.43%	-	-	-	-	-

Balance Sheet

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Total Current Assets+	303.64M	241.04M	279.79M	280.31M	277.1M	287.5M	263.33M	305.49M	336.55M	270.19M
Cash & Short-Term Investments	66.81M	41.84M	43.48M	45.58M	47.88M	30.86M	21.65M	18.96M	32.43M	40.02M
Cash Only	66.81M	41.84M	43.48M	45.58M	47.88M	30.86M	21.65M	18.96M	32.43M	40.02M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	150.97M	124.96M	147.44M	145.03M	126.82M	158.11M	123.71M	163.16M	195.59M	144.84M
Days Sales Outstanding	134.07	82.87	94.32	78.8	75.06	99.21	92.86	108.28	132.11	105.83
Inventory	71.35M	60.6M	75.08M	74.84M	82.3M	80.36M	96.32M	105.84M	93.14M	68.95M
Days Inventory Outstanding	108.62	66.59	79.05	64.37	77.05	79.76	114.74	105.69	88.71	67.72
Other Current Assets	0	0	0	0	0	0	0	17.52M	15.39M	16.38M
Total Non-Current Assets+	617.56M	591.02M	565.36M	607.4M	652.55M	705.62M	710.97M	690.75M	575.88M	470.65M
Property, Plant & Equipment	38.67M	32.85M	28.99M	28.03M	57.07M	79.77M	100.13M	97.44M	78.92M	74.22M
Fixed Asset Turnover	10.63x	16.76x	19.68x	23.97x	10.81x	7.29x	4.86x	5.64x	6.85x	6.73x
Goodwill	287.62M	290.63M	290.63M	310.49M	330.52M	347.7M	347.69M	347.69M	284.18M	204.63M
Intangible Assets	284.69M	261.87M	240.8M	261.89M	258.02M	268.7M	247.3M	225.91M	194.83M	173.1M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	6.58M	5.67M	4.95M	6.99M	6.94M	9.45M	15.84M	19.71M	17.96M	18.7M
Total Assets+	921.2M	832.06M	845.16M	887.71M	929.65M	993.11M	974.3M	996.24M	912.43M	740.84M
Asset Turnover	0.45x	0.66x	0.68x	0.76x	0.66x	0.59x	0.50x	0.55x	0.59x	0.67x
Asset Growth %	0.94%	-0.1%	0.02%	0.05%	0.05%	0.07%	-0.02%	0.02%	-0.08%	-0.19%
Total Current Liabilities+	184.15M	144.21M	165.32M	145.35M	159.71M	203.56M	193.46M	211.97M	183.55M	158.25M
Accounts Payable	33.46M	29.4M	43.93M	24.33M	23.42M	36.19M	44.59M	64.24M	42.48M	25.96M
Days Payables Outstanding	50.94	32.31	46.25	20.93	21.93	35.92	53.12	64.15	40.46	25.5
Short-Term Debt	11.07M	15.49M	17.21M	0	0	0	0	4.38M	4.05M	4.05M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	12.87M	10.72M	8.51M	16.36M	19.62M	15.47M	13.44M	12.32M	7.31M	13.63M
Current Ratio	1.65x	1.67x	1.69x	1.93x	1.73x	1.41x	1.36x	1.44x	1.83x	1.71x
Quick Ratio	1.26x	1.25x	1.24x	1.41x	1.22x	1.02x	0.86x	0.94x	1.33x	1.27x
Cash Conversion Cycle	191.75	117.16	127.11	122.24	130.18	143.05	154.48	149.82	180.36	148.05
Total Non-Current Liabilities+	266.65M	207.7M	174.16M	207.28M	220.64M	288.83M	209.05M	233.76M	242.56M	288.62M
Long-Term Debt	239.97M	176.23M	148.09M	165M	149.5M	201M	130M	160.03M	170.49M	210M
Capital Lease Obligations	4.02M	1.77M	765K	0	24.11M	39.57M	44.42M	41.76M	30.26M	29.38M
Deferred Tax Liabilities	9.8M	17.31M	10.93M	12.48M	17.64M	21.23M	15.36M	9.49M	6.19M	4.62M
Other Non-Current Liabilities	7.1M	5.17M	6.69M	19.15M	19.79M	17.22M	9.3M	4.05M	14.59M	23.62M
Total Liabilities	450.8M	351.91M	339.47M	352.63M	380.35M	492.39M	402.51M	445.73M	426.11M	446.87M
Total Debt+	258.65M	195.8M	167.9M	165.76M	181.86M	249.41M	183.11M	214.81M	212.66M	250.68M
Net Debt	191.84M	153.96M	124.42M	120.18M	133.98M	218.55M	161.45M	195.85M	180.23M	210.66M
Debt / Equity	0.55x	0.41x	0.33x	0.31x	0.33x	0.50x	0.32x	0.39x	0.44x	0.85x
Debt / EBITDA	5.87x	3.14x	2.41x	2.31x	3.84x	-	-	11.51x	-	-
Net Debt / EBITDA	4.35x	2.47x	1.78x	1.68x	2.83x	-	-	10.50x	-	-
Interest Coverage	2.69x	2.16x	3.36x	4.46x	2.51x	-10.01x	-6.71x	-0.91x	-3.50x	-0.00x
Total Equity+	470.4M	480.15M	505.68M	535.08M	549.3M	500.72M	571.79M	550.51M	486.33M	293.97M
Equity Growth %	0.17%	0.02%	0.05%	0.06%	0.03%	-0.09%	0.14%	-0.04%	-0.12%	-0.4%
Book Value per Share	27.72	20.44	21.04	22.02	22.06	19.49	21.57	19.66	16.89	10.00
Total Shareholders' Equity	470.4M	480.15M	505.68M	535.08M	549.3M	500.72M	571.79M	550.51M	486.33M	293.97M
Common Stock	3.84M	3.86M	3.89M	3.93M	3.99M	4.13M	4.27M	4.31M	4.38M	4.44M
Retained Earnings	383.62M	385.14M	405.19M	420.33M	417.26M	333M	278.68M	238.91M	103.58M	-6.89M
Treasury Stock	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Cash from Operations+	14.97M	66.66M	50.34M	68.03M	52.76M	-40.64M	2M	-4.43M	-54.49M	-8.29M
Operating CF Margin %	0.04%	0.12%	0.09%	0.1%	0.09%	-0.07%	0%	-0.01%	-0.1%	-0.02%
Operating CF Growth %	-0.31%	3.45%	-0.24%	0.35%	-0.22%	-1.77%	1.05%	-3.22%	-11.29%	0.85%
Net Income	-7.74M	15.83M	29.77M	25.04M	7.02M	-73.48M	-33.05M	-26.9M	-99.98M	-155.3M
Depreciation & Amortization	23.25M	37.18M	34.73M	30.25M	32.16M	31.14M	31.71M	33.32M	33.31M	33.52M
Stock-Based Compensation	4.12M	8.51M	8.57M	11.43M	9.28M	9.98M	15.15M	13.87M	6.1M	3.12M
Deferred Taxes	-3.24M	9.06M	-6.38M	4.28M	860K	0	-5.86M	-6.06M	-2.99M	-1.7M
Other Non-Cash Items	4.07M	-6.85M	8.48M	14.76M	-1.74M	34.04M	1.12M	3.86M	69.57M	103.37M
Working Capital Changes	-5.49M	2.94M	-24.82M	-17.73M	5.19M	-42.31M	-7.08M	-22.52M	-60.5M	8.7M
Change in Receivables	5.81M	25.51M	-24.58M	6.32M	20.93M	-31.22M	33.57M	-39.71M	-38.3M	33.15M
Change in Inventory	8.28M	7.81M	-20.07M	-3.79M	-9.13M	-2.34M	-20.41M	-14.88M	-7.76M	7.71M
Change in Payables	-1.25M	-4.47M	13.73M	-21.29M	-2.21M	0	6.83M	20.36M	-18.93M	-15.19M
Cash from Investing+	-286.2M	-8.15M	-8.64M	-44.67M	-20.18M	-15.48M	-19.62M	-18.31M	20.14M	-8.56M
Capital Expenditures	-5.67M	-8.15M	-8.64M	-8.79M	-7.22M	-16.04M	-19.62M	-18.31M	-13.08M	-8.56M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.01%	0.01%	0.03%	0.04%	0.03%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	-10B	0	-1	0	0	0	0
Cash from Financing+	187.08M	-83.47M	-40.06M	-21.27M	-30.28M	39.1M	8.41M	20.05M	47.83M	24.44M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-19.41M	-18.87M	-9.54M	-9.79M	-10.02M	-10.33M	-11.05M	-8.66M	-268K	-158K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-9.34M	-1.89M	38K	1M	-3.95M	779K	-9.52M	-6.31M	-18.15M	-3.79M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	9.3M	58.51M	41.7M	59.25M	45.54M	-56.67M	-17.62M	-22.74M	-67.58M	-16.86M
FCF Margin %	0.02%	0.11%	0.07%	0.09%	0.07%	-0.1%	-0.04%	-0.04%	-0.13%	-0.03%
FCF Growth %	-0.49%	5.29%	-0.29%	0.42%	-0.23%	-2.24%	0.69%	-0.29%	-1.97%	0.75%
FCF per Share	0.55	2.49	1.73	2.44	1.83	-2.21	-0.66	-0.81	-2.35	-0.57
FCF Conversion (FCF/Net Income)	-1.93x	4.21x	1.69x	2.72x	7.52x	0.55x	-0.06x	0.16x	0.55x	0.05x
Interest Paid	5.31M	10.42M	7.29M	7.67M	5.55M	5.99M	4.09M	11.91M	18.1M	27.72M
Taxes Paid	-3.68M	758K	1.11M	2M	2.88M	0	2.91M	361K	4.88M	1.88M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-1.78%	3.33%	6.04%	4.81%	1.29%	-14%	-6.16%	-4.79%	-19.29%	-39.81%
Return on Invested Capital (ROIC)	3.42%	2.9%	4.16%	4.83%	1.7%	-7.3%	-3.49%	-1.49%	-8.48%	-17.82%
Gross Margin	41.66%	39.64%	39.25%	36.83%	36.78%	36.78%	36.99%	33.54%	29.09%	25.6%
Net Margin	-1.88%	2.88%	5.22%	3.73%	1.14%	-12.63%	-6.8%	-4.89%	-18.5%	-31.09%
Debt / Equity	0.55x	0.41x	0.33x	0.31x	0.33x	0.50x	0.32x	0.39x	0.44x	0.85x
Interest Coverage	2.69x	2.16x	3.36x	4.46x	2.51x	-10.01x	-6.71x	-0.91x	-3.50x	-0.00x
FCF Conversion	-1.93x	4.21x	1.69x	2.72x	7.52x	0.55x	-0.06x	0.16x	0.55x	0.05x
Revenue Growth	33.75%	33.91%	3.67%	17.74%	-8.2%	-5.68%	-16.41%	13.11%	-1.74%	-7.56%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Satellite And Space Communications	-	-	-	-	-	-	-	-	-	269.26M
Satellite And Space Communications Growth	-	-	-	-	-	-	-	-	-	-
Allerium	-	-	-	-	-	-	-	-	-	230.26M
Allerium Growth	-	-	-	-	-	-	-	-	-	-
Commercial Solutions	6.27M	12.49M	345.08M	192.52M	208.28M	210.49M	-	-	-	-
Commercial Solutions Growth	-	99.36%	2662.38%	-44.21%	8.19%	1.06%	-	-	-	-
Government Solutions	-	219.5M	225.51M	39.43M	39.96M	31.18M	-	-	-	-
Government Solutions Growth	-	-	2.74%	-82.51%	1.34%	-21.98%	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
United States Domestic	-	-	-	-	-	-	232.25M	245.9M	242.16M	243.11M
United States Domestic Growth	-	-	-	-	-	-	-	5.88%	-1.52%	0.39%

Frequently Asked Questions

Growth & Financials

Comtech Telecommunications Corp. (CMTL) reported $499.5M in revenue for fiscal year 2025. This represents a 18% increase from $425.1M in 2012.

Comtech Telecommunications Corp. (CMTL) saw revenue decline by 7.6% over the past year.

Comtech Telecommunications Corp. (CMTL) reported a net loss of $155.3M for fiscal year 2025.

Dividend & Returns

Comtech Telecommunications Corp. (CMTL) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Comtech Telecommunications Corp. (CMTL) has a return on equity (ROE) of -39.8%. Negative ROE indicates the company is unprofitable.

Comtech Telecommunications Corp. (CMTL) had negative free cash flow of $16.9M in fiscal year 2025, likely due to heavy capital investments.

US Stock Screener

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Comtech Telecommunications Corp. (CMTL) 10-Year Financial Performance & Capital Metrics

CMTL • • Industrial / General

TechnologyCommunication EquipmentSatellite CommunicationsSatellite Ground Equipment

Revenue $500M -7.6%
EBITDA -$106M -126.7%
Net Income -$155M -55.3%
EPS (Diluted) -6.95 -47.9%
Gross Margin 25.6% -12.0%
EBITDA Margin -21.14% -145.2%
Operating Margin -27.85% -88.4%
Net Margin -31.09% -68.0%
ROE -39.81% -106.4%
ROIC -17.82% -110.0%
Debt/Equity 0.85 +95.0%
Interest Coverage -0.00 +100.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 96 (top 4%)
✓Trading near 52-week high
✓Trading at only 0.6x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.98%

5Y-4.13%

3Y0.9%

TTM-7.56%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-55.33%

EPS CAGR

10Y-

5Y-

3Y-

TTM-75.26%

ROCE

10Y Avg-2.66%

5Y Avg-9.34%

3Y Avg-11.22%

Latest-21.21%

Peer Comparison

Satellite Ground Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GILTGilat Satellite Networks Ltd.	1.29B	17.67	40.16	14.79%	6.03%	6.07%	1.94%	0.03
CMTLComtech Telecommunications Corp.	171.55M	5.79	-0.83	-7.56%	-31.09%	-52.83%		0.85

Profit & Loss

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Sales/Revenue+	411M	550.37M	570.59M	671.8M	616.72M	581.7M	486.24M	549.99M	540.4M	499.53M
Revenue Growth %	0.34%	0.34%	0.04%	0.18%	-0.08%	-0.06%	-0.16%	0.13%	-0.02%	-0.08%
Cost of Goods Sold+	239.77M	332.18M	346.65M	424.36M	389.88M	367.74M	306.4M	365.53M	383.22M	371.65M
COGS % of Revenue	0.58%	0.6%	0.61%	0.63%	0.63%	0.63%	0.63%	0.66%	0.71%	0.74%
Gross Profit+	171.24M	218.19M	223.94M	247.44M	226.83M	213.96M	179.84M	184.46M	157.18M	127.87M
Gross Margin %	0.42%	0.4%	0.39%	0.37%	0.37%	0.37%	0.37%	0.34%	0.29%	0.26%
Gross Profit Growth %	0.23%	0.27%	0.03%	0.1%	-0.08%	-0.06%	-0.16%	0.03%	-0.15%	-0.19%
Operating Expenses+	150.54M	193.16M	188.87M	203.37M	211.66M	282.26M	213.59M	199.12M	237.07M	266.97M
OpEx % of Revenue	0.37%	0.35%	0.33%	0.3%	0.34%	0.49%	0.44%	0.36%	0.44%	0.53%
Selling, General & Admin	94.93M	116.08M	113.92M	128.64M	117.13M	111.8M	114.86M	120M	110.73M	143.49M
SG&A % of Revenue	0.23%	0.21%	0.2%	0.19%	0.19%	0.19%	0.24%	0.22%	0.2%	0.29%
Research & Development	42.19M	54.26M	53.87M	56.41M	52.18M	49.15M	52.53M	48.63M	24.08M	17.41M
R&D % of Revenue	0.1%	0.1%	0.09%	0.08%	0.08%	0.08%	0.11%	0.09%	0.04%	0.03%
Other Operating Expenses	13.41M	22.82M	21.07M	18.32M	42.35M	121.31M	46.2M	30.49M	102.26M	106.08M
Operating Income+	20.83M	25.09M	35.08M	41.41M	15.17M	-68.3M	-33.75M	-14.66M	-79.89M	-139.1M
Operating Margin %	0.05%	0.05%	0.06%	0.06%	0.02%	-0.12%	-0.07%	-0.03%	-0.15%	-0.28%
Operating Income Growth %	-0.39%	0.2%	0.4%	0.18%	-0.63%	-5.5%	0.51%	0.57%	-4.45%	-0.74%
EBITDA+	44.08M	62.27M	69.81M	71.65M	47.33M	-37.9M	-2.04M	18.66M	-46.58M	-105.58M
EBITDA Margin %	0.11%	0.11%	0.12%	0.11%	0.08%	-0.07%	-0%	0.03%	-0.09%	-0.21%
EBITDA Growth %	0.08%	0.41%	0.12%	0.03%	-0.34%	-1.8%	0.95%	10.14%	-3.5%	-1.27%
D&A (Non-Cash Add-back)	23.25M	37.18M	34.73M	30.25M	32.16M	30.4M	31.71M	33.32M	33.31M	33.52M
EBIT	-442K	25.02M	35.08M	38.19M	15.36M	-68.16M	-32.04M	-14.66M	-77.45M	-109.58M
Net Interest Income+	-7.62M	-11.56M	-10.45M	-9.28M	-5.86M	-6.68M	-4.33M	-16.19M	-22.83M	-45.65T
Interest Income	134K	68K	0	0	190K	139K	703K	0	0	0
Interest Expense	7.75M	11.63M	10.45M	9.28M	6.05M	6.82M	5.03M	16.19M	22.83M	45.65T
Other Income/Expense	-7.62M	-11.56M	-10.45M	-12.5M	-5.86M	-6.68M	-3.32M	-16.19M	-20.39M	-16.28M
Pretax Income+	-8.19M	25.48M	24.63M	28.91M	9.31M	-74.98M	-37.08M	-30.85M	-100.28M	-155.38M
Pretax Margin %	-0.02%	0.05%	0.04%	0.04%	0.02%	-0.13%	-0.08%	-0.06%	-0.19%	-0.31%
Income Tax+	-454K	9.65M	-5.14M	3.87M	2.29M	-1.5M	-4.02M	-3.95M	-295K	-80K
Effective Tax Rate %	0.94%	0.62%	1.21%	0.87%	0.75%	0.98%	0.89%	0.87%	1%	1%
Net Income+	-7.74M	15.83M	29.77M	25.04M	7.02M	-73.48M	-33.05M	-26.9M	-99.98M	-155.3M
Net Margin %	-0.02%	0.03%	0.05%	0.04%	0.01%	-0.13%	-0.07%	-0.05%	-0.19%	-0.31%
Net Income Growth %	-1.33%	3.05%	0.88%	-0.16%	-0.72%	-11.47%	0.55%	0.19%	-2.72%	-0.55%
Net Income (Continuing)	-7.74M	15.83M	29.77M	25.04M	7.02M	-73.48M	-33.05M	-26.9M	-99.98M	-155.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.46	0.67	1.24	1.03	0.28	-2.86	-1.25	-0.96	-4.70	-6.95
EPS Growth %	-1.32%	2.46%	0.85%	-0.17%	-0.73%	-11.21%	0.56%	0.23%	-3.9%	-0.48%
EPS (Basic)	-0.46	0.68	1.25	1.04	0.28	-2.86	-1.25	-0.96	-4.70	-6.95
Diluted Shares Outstanding	16.97M	23.49M	24.04M	24.3M	24.9M	25.68M	26.51M	28M	28.8M	29.41M
Basic Shares Outstanding	16.82M	23.43M	23.82M	24.12M	24.8M	25.68M	26.51M	28M	28.8M	29.41M
Dividend Payout Ratio	-	1.19%	0.32%	0.39%	1.43%	-	-	-	-	-

Balance Sheet

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Total Current Assets+	303.64M	241.04M	279.79M	280.31M	277.1M	287.5M	263.33M	305.49M	336.55M	270.19M
Cash & Short-Term Investments	66.81M	41.84M	43.48M	45.58M	47.88M	30.86M	21.65M	18.96M	32.43M	40.02M
Cash Only	66.81M	41.84M	43.48M	45.58M	47.88M	30.86M	21.65M	18.96M	32.43M	40.02M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	150.97M	124.96M	147.44M	145.03M	126.82M	158.11M	123.71M	163.16M	195.59M	144.84M
Days Sales Outstanding	134.07	82.87	94.32	78.8	75.06	99.21	92.86	108.28	132.11	105.83
Inventory	71.35M	60.6M	75.08M	74.84M	82.3M	80.36M	96.32M	105.84M	93.14M	68.95M
Days Inventory Outstanding	108.62	66.59	79.05	64.37	77.05	79.76	114.74	105.69	88.71	67.72
Other Current Assets	0	0	0	0	0	0	0	17.52M	15.39M	16.38M
Total Non-Current Assets+	617.56M	591.02M	565.36M	607.4M	652.55M	705.62M	710.97M	690.75M	575.88M	470.65M
Property, Plant & Equipment	38.67M	32.85M	28.99M	28.03M	57.07M	79.77M	100.13M	97.44M	78.92M	74.22M
Fixed Asset Turnover	10.63x	16.76x	19.68x	23.97x	10.81x	7.29x	4.86x	5.64x	6.85x	6.73x
Goodwill	287.62M	290.63M	290.63M	310.49M	330.52M	347.7M	347.69M	347.69M	284.18M	204.63M
Intangible Assets	284.69M	261.87M	240.8M	261.89M	258.02M	268.7M	247.3M	225.91M	194.83M	173.1M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	6.58M	5.67M	4.95M	6.99M	6.94M	9.45M	15.84M	19.71M	17.96M	18.7M
Total Assets+	921.2M	832.06M	845.16M	887.71M	929.65M	993.11M	974.3M	996.24M	912.43M	740.84M
Asset Turnover	0.45x	0.66x	0.68x	0.76x	0.66x	0.59x	0.50x	0.55x	0.59x	0.67x
Asset Growth %	0.94%	-0.1%	0.02%	0.05%	0.05%	0.07%	-0.02%	0.02%	-0.08%	-0.19%
Total Current Liabilities+	184.15M	144.21M	165.32M	145.35M	159.71M	203.56M	193.46M	211.97M	183.55M	158.25M
Accounts Payable	33.46M	29.4M	43.93M	24.33M	23.42M	36.19M	44.59M	64.24M	42.48M	25.96M
Days Payables Outstanding	50.94	32.31	46.25	20.93	21.93	35.92	53.12	64.15	40.46	25.5
Short-Term Debt	11.07M	15.49M	17.21M	0	0	0	0	4.38M	4.05M	4.05M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	12.87M	10.72M	8.51M	16.36M	19.62M	15.47M	13.44M	12.32M	7.31M	13.63M
Current Ratio	1.65x	1.67x	1.69x	1.93x	1.73x	1.41x	1.36x	1.44x	1.83x	1.71x
Quick Ratio	1.26x	1.25x	1.24x	1.41x	1.22x	1.02x	0.86x	0.94x	1.33x	1.27x
Cash Conversion Cycle	191.75	117.16	127.11	122.24	130.18	143.05	154.48	149.82	180.36	148.05
Total Non-Current Liabilities+	266.65M	207.7M	174.16M	207.28M	220.64M	288.83M	209.05M	233.76M	242.56M	288.62M
Long-Term Debt	239.97M	176.23M	148.09M	165M	149.5M	201M	130M	160.03M	170.49M	210M
Capital Lease Obligations	4.02M	1.77M	765K	0	24.11M	39.57M	44.42M	41.76M	30.26M	29.38M
Deferred Tax Liabilities	9.8M	17.31M	10.93M	12.48M	17.64M	21.23M	15.36M	9.49M	6.19M	4.62M
Other Non-Current Liabilities	7.1M	5.17M	6.69M	19.15M	19.79M	17.22M	9.3M	4.05M	14.59M	23.62M
Total Liabilities	450.8M	351.91M	339.47M	352.63M	380.35M	492.39M	402.51M	445.73M	426.11M	446.87M
Total Debt+	258.65M	195.8M	167.9M	165.76M	181.86M	249.41M	183.11M	214.81M	212.66M	250.68M
Net Debt	191.84M	153.96M	124.42M	120.18M	133.98M	218.55M	161.45M	195.85M	180.23M	210.66M
Debt / Equity	0.55x	0.41x	0.33x	0.31x	0.33x	0.50x	0.32x	0.39x	0.44x	0.85x
Debt / EBITDA	5.87x	3.14x	2.41x	2.31x	3.84x	-	-	11.51x	-	-
Net Debt / EBITDA	4.35x	2.47x	1.78x	1.68x	2.83x	-	-	10.50x	-	-
Interest Coverage	2.69x	2.16x	3.36x	4.46x	2.51x	-10.01x	-6.71x	-0.91x	-3.50x	-0.00x
Total Equity+	470.4M	480.15M	505.68M	535.08M	549.3M	500.72M	571.79M	550.51M	486.33M	293.97M
Equity Growth %	0.17%	0.02%	0.05%	0.06%	0.03%	-0.09%	0.14%	-0.04%	-0.12%	-0.4%
Book Value per Share	27.72	20.44	21.04	22.02	22.06	19.49	21.57	19.66	16.89	10.00
Total Shareholders' Equity	470.4M	480.15M	505.68M	535.08M	549.3M	500.72M	571.79M	550.51M	486.33M	293.97M
Common Stock	3.84M	3.86M	3.89M	3.93M	3.99M	4.13M	4.27M	4.31M	4.38M	4.44M
Retained Earnings	383.62M	385.14M	405.19M	420.33M	417.26M	333M	278.68M	238.91M	103.58M	-6.89M
Treasury Stock	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M	-441.85M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Cash from Operations+	14.97M	66.66M	50.34M	68.03M	52.76M	-40.64M	2M	-4.43M	-54.49M	-8.29M
Operating CF Margin %	0.04%	0.12%	0.09%	0.1%	0.09%	-0.07%	0%	-0.01%	-0.1%	-0.02%
Operating CF Growth %	-0.31%	3.45%	-0.24%	0.35%	-0.22%	-1.77%	1.05%	-3.22%	-11.29%	0.85%
Net Income	-7.74M	15.83M	29.77M	25.04M	7.02M	-73.48M	-33.05M	-26.9M	-99.98M	-155.3M
Depreciation & Amortization	23.25M	37.18M	34.73M	30.25M	32.16M	31.14M	31.71M	33.32M	33.31M	33.52M
Stock-Based Compensation	4.12M	8.51M	8.57M	11.43M	9.28M	9.98M	15.15M	13.87M	6.1M	3.12M
Deferred Taxes	-3.24M	9.06M	-6.38M	4.28M	860K	0	-5.86M	-6.06M	-2.99M	-1.7M
Other Non-Cash Items	4.07M	-6.85M	8.48M	14.76M	-1.74M	34.04M	1.12M	3.86M	69.57M	103.37M
Working Capital Changes	-5.49M	2.94M	-24.82M	-17.73M	5.19M	-42.31M	-7.08M	-22.52M	-60.5M	8.7M
Change in Receivables	5.81M	25.51M	-24.58M	6.32M	20.93M	-31.22M	33.57M	-39.71M	-38.3M	33.15M
Change in Inventory	8.28M	7.81M	-20.07M	-3.79M	-9.13M	-2.34M	-20.41M	-14.88M	-7.76M	7.71M
Change in Payables	-1.25M	-4.47M	13.73M	-21.29M	-2.21M	0	6.83M	20.36M	-18.93M	-15.19M
Cash from Investing+	-286.2M	-8.15M	-8.64M	-44.67M	-20.18M	-15.48M	-19.62M	-18.31M	20.14M	-8.56M
Capital Expenditures	-5.67M	-8.15M	-8.64M	-8.79M	-7.22M	-16.04M	-19.62M	-18.31M	-13.08M	-8.56M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.01%	0.01%	0.03%	0.04%	0.03%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	-10B	0	-1	0	0	0	0
Cash from Financing+	187.08M	-83.47M	-40.06M	-21.27M	-30.28M	39.1M	8.41M	20.05M	47.83M	24.44M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-19.41M	-18.87M	-9.54M	-9.79M	-10.02M	-10.33M	-11.05M	-8.66M	-268K	-158K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-9.34M	-1.89M	38K	1M	-3.95M	779K	-9.52M	-6.31M	-18.15M	-3.79M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	9.3M	58.51M	41.7M	59.25M	45.54M	-56.67M	-17.62M	-22.74M	-67.58M	-16.86M
FCF Margin %	0.02%	0.11%	0.07%	0.09%	0.07%	-0.1%	-0.04%	-0.04%	-0.13%	-0.03%
FCF Growth %	-0.49%	5.29%	-0.29%	0.42%	-0.23%	-2.24%	0.69%	-0.29%	-1.97%	0.75%
FCF per Share	0.55	2.49	1.73	2.44	1.83	-2.21	-0.66	-0.81	-2.35	-0.57
FCF Conversion (FCF/Net Income)	-1.93x	4.21x	1.69x	2.72x	7.52x	0.55x	-0.06x	0.16x	0.55x	0.05x
Interest Paid	5.31M	10.42M	7.29M	7.67M	5.55M	5.99M	4.09M	11.91M	18.1M	27.72M
Taxes Paid	-3.68M	758K	1.11M	2M	2.88M	0	2.91M	361K	4.88M	1.88M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-1.78%	3.33%	6.04%	4.81%	1.29%	-14%	-6.16%	-4.79%	-19.29%	-39.81%
Return on Invested Capital (ROIC)	3.42%	2.9%	4.16%	4.83%	1.7%	-7.3%	-3.49%	-1.49%	-8.48%	-17.82%
Gross Margin	41.66%	39.64%	39.25%	36.83%	36.78%	36.78%	36.99%	33.54%	29.09%	25.6%
Net Margin	-1.88%	2.88%	5.22%	3.73%	1.14%	-12.63%	-6.8%	-4.89%	-18.5%	-31.09%
Debt / Equity	0.55x	0.41x	0.33x	0.31x	0.33x	0.50x	0.32x	0.39x	0.44x	0.85x
Interest Coverage	2.69x	2.16x	3.36x	4.46x	2.51x	-10.01x	-6.71x	-0.91x	-3.50x	-0.00x
FCF Conversion	-1.93x	4.21x	1.69x	2.72x	7.52x	0.55x	-0.06x	0.16x	0.55x	0.05x
Revenue Growth	33.75%	33.91%	3.67%	17.74%	-8.2%	-5.68%	-16.41%	13.11%	-1.74%	-7.56%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Satellite And Space Communications	-	-	-	-	-	-	-	-	-	269.26M
Satellite And Space Communications Growth	-	-	-	-	-	-	-	-	-	-
Allerium	-	-	-	-	-	-	-	-	-	230.26M
Allerium Growth	-	-	-	-	-	-	-	-	-	-
Commercial Solutions	6.27M	12.49M	345.08M	192.52M	208.28M	210.49M	-	-	-	-
Commercial Solutions Growth	-	99.36%	2662.38%	-44.21%	8.19%	1.06%	-	-	-	-
Government Solutions	-	219.5M	225.51M	39.43M	39.96M	31.18M	-	-	-	-
Government Solutions Growth	-	-	2.74%	-82.51%	1.34%	-21.98%	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
United States Domestic	-	-	-	-	-	-	232.25M	245.9M	242.16M	243.11M
United States Domestic Growth	-	-	-	-	-	-	-	5.88%	-1.52%	0.39%

Frequently Asked Questions

Growth & Financials

Comtech Telecommunications Corp. (CMTL) reported $499.5M in revenue for fiscal year 2025. This represents a 18% increase from $425.1M in 2012.

Comtech Telecommunications Corp. (CMTL) saw revenue decline by 7.6% over the past year.

Comtech Telecommunications Corp. (CMTL) reported a net loss of $155.3M for fiscal year 2025.

Dividend & Returns

Comtech Telecommunications Corp. (CMTL) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Comtech Telecommunications Corp. (CMTL) has a return on equity (ROE) of -39.8%. Negative ROE indicates the company is unprofitable.

Comtech Telecommunications Corp. (CMTL) had negative free cash flow of $16.9M in fiscal year 2025, likely due to heavy capital investments.