Revenue growth has accelerated to 50.6% in 2025Q3, while gross margins have recovered to 37.8% from the 25.1% trough observed in 2024Q1.
Vistance Networks, Inc. (VISN) annual income statement — 15-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Sales/Revenue | 1.63B | 1.93B | 4.21B | 4.57B | 7.52B | 8.59B | 8.44B | 8.35B | 4.57B | 4.56B | 4.92B | 3.81B | 3.83B | 3.48B | 3.32B | 3.28B |
| Revenue Growth % | -69.32% | -54.07% | -7.87% | -39.33% | -12.37% | 1.79% | 1.09% | 82.67% | 0.17% | -7.37% | - | -0.57% | 10.04% | 4.76% | 1.42% | - |
| Cost of Goods Sold | 1B | 1.11B | 2.63B | 3.21B | 5.37B | 6.47B | 6.32B | 6.53B | 3.14B | 3.06B | 3.19B | 2.38B | 2.43B | 2.28B | 2.26B | 2.62B |
| COGS % of Revenue | - | 57.68% | 62.51% | 70.22% | 71.35% | 75.31% | 74.9% | 78.3% | 68.84% | 67.18% | 64.73% | 62.51% | 63.51% | 65.49% | 68.07% | 79.97% |
| Gross Profit | 625.1M | 817.5M | 1.58B | 1.36B | 2.16B | 2.12B | 2.12B | 1.81B | 1.42B | 1.5B | 1.74B | 1.43B | 1.4B | 1.2B | 1.06B | 656M |
| Gross Margin % | 38.45% | 42.32% | 37.49% | 29.78% | 28.65% | 24.69% | 25.1% | 21.7% | 31.16% | 32.82% | 35.27% | 37.49% | 36.49% | 34.51% | 31.93% | 20.03% |
| Gross Profit Growth % | - | -48.16% | 15.97% | -36.93% | 1.69% | 0.12% | 16.92% | 27.19% | -4.88% | -13.8% | - | 2.16% | 16.35% | 13.22% | 61.69% | - |
| Operating Expenses | 550.5M | 751M | 1.32B | 1.14B | 1.55B | 1.83B | 1.85B | 1.66B | 895.19M | 932.95M | 1.02B | 1.25B | 819.82M | 919.26M | 837.82M | 567.05M |
| OpEx % of Revenue | - | 38.88% | 31.39% | 24.95% | 20.59% | 21.27% | 21.92% | 19.9% | 19.59% | 20.46% | 20.67% | 32.72% | 21.41% | 26.41% | 25.22% | 17.31% |
| Selling, General & Admin | 331M | 467.5M | 755.5M | 756.1M | 1.01B | 1.14B | 1.15B | 1.08B | 709.5M | 747.34M | 817.18M | 590.49M | 485.89M | 475.07M | 461.15M | 448.87M |
| SG&A % of Revenue | - | 24.2% | 17.96% | 16.56% | 13.37% | 13.32% | 13.58% | 12.96% | 15.53% | 16.39% | 16.6% | 15.51% | 12.69% | 13.65% | 13.88% | 13.7% |
| Research & Development | 187M | 283.5M | 316.2M | 383.1M | 543.6M | 683.2M | 703.3M | 578.5M | 185.7M | 185.61M | 200.72M | 135.96M | 125.3M | 126.43M | 121.72M | 118.18M |
| R&D % of Revenue | - | 14.68% | 7.52% | 8.39% | 7.22% | 7.96% | 8.34% | 6.93% | 4.06% | 4.07% | 4.08% | 3.57% | 3.27% | 3.63% | 3.66% | 3.61% |
| Other Operating Expenses | 2M | 0 | 248.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 519.37M | 208.63M | 0 | 0 | 0 |
| Operating Income | 74.6M | 66.5M | 256.5M | 220.5M | 606.3M | 293.1M | 268.2M | 150.6M | 528.53M | 563.87M | 718.49M | 181.59M | 577.45M | 424.55M | 302.14M | 88.95M |
| Operating Margin % | 4.59% | 3.44% | 6.1% | 4.83% | 8.06% | 3.41% | 3.18% | 1.8% | 11.57% | 12.36% | 14.59% | 4.77% | 15.08% | 12.2% | 9.1% | 2.72% |
| Operating Income Growth % | - | -74.07% | 16.33% | -63.63% | 106.86% | 9.28% | 78.09% | -71.51% | -6.27% | -21.52% | - | -68.55% | 36.02% | 40.51% | 239.68% | - |
| EBITDA | 208.4M | 343.5M | 627M | 781.7M | 1.3B | 1.08B | 1.09B | 921.5M | 886.03M | 941.87M | 1.12B | 485.09M | 836.95M | 681.16M | 564.42M | 385.95M |
| EBITDA Margin % | 12.82% | 17.78% | 14.91% | 17.12% | 17.31% | 12.57% | 12.94% | 11.04% | 19.39% | 20.65% | 22.7% | 12.74% | 21.85% | 19.57% | 16.99% | 11.78% |
| EBITDA Growth % | -82.13% | -45.22% | -19.79% | -39.98% | 20.66% | -1.11% | 18.45% | 4% | -5.93% | -15.72% | - | -42.04% | 22.87% | 20.68% | 46.24% | - |
| D&A (Non-Cash Add-back) | 133.8M | 277M | 370.5M | 561.2M | 696.1M | 786.3M | 823.3M | 770.9M | 357.5M | 378M | 399.05M | 303.5M | 259.5M | 256.62M | 262.28M | 297M |
| EBIT | 81.5M | 54.9M | 277.6M | -322.6M | -610.8M | 26.7M | -76.7M | -496.8M | 412.73M | 466.79M | 550.1M | 480.37M | 607.81M | 424.55M | 302.14M | -264.95M |
| Net Interest Income | 42.7M | 16.7M | -676M | -664.7M | -586.1M | -559.3M | -573.4M | -559.1M | -235M | -252.84M | -272.01M | -230.53M | -173.98M | -205.49M | -182.46M | -234M |
| Interest Income | 44.4M | 16.7M | 10.9M | 11.1M | 2.8M | 1.9M | 4.4M | 18.1M | 7.02M | 4.22M | 5.52M | 4.13M | 4.95M | 3.11M | 3.42M | 3.83M |
| Interest Expense | 1.7M | 0 | 686.9M | 675.8M | 588.9M | 561.2M | 577.8M | 577.2M | 242.02M | 257.06M | 277.53M | 234.66M | 178.94M | 208.6M | 185.87M | 237.82M |
| Other Income/Expense | 5.2M | -11.6M | -665.8M | -1.22B | -1.81B | -827.6M | -922.7M | -1.22B | -357.81M | -354.13M | -445.92M | -243.59M | -260.39M | -348.36M | -264.84M | -591.72M |
| Pretax Income | 79.8M | 54.9M | -409.3M | -998.4M | -1.2B | -534.5M | -654.5M | -1.07B | 170.71M | 209.73M | 272.57M | -62M | 317.06M | 76.19M | 37.3M | -502.77M |
| Pretax Margin % | 4.91% | 2.84% | -9.73% | -21.87% | -15.94% | -6.22% | -7.76% | -12.87% | 3.74% | 4.6% | 5.54% | -1.63% | 8.28% | 2.19% | 1.12% | -15.35% |
| Income Tax | -182.4M | -269.4M | 51.7M | 97.4M | -15M | -71.9M | -81.1M | -144.5M | 30.5M | 15.97M | 49.73M | 8.87M | 80.29M | 56.79M | 31.95M | -110.41M |
| Effective Tax Rate % | -228.57% | -490.71% | -12.63% | -9.76% | 1.25% | 13.45% | 12.39% | 13.45% | 17.86% | 7.61% | 18.25% | -14.31% | 25.32% | 74.54% | 85.65% | 21.96% |
| Net Income | 1.19B | 1.41B | -315.5M | -1.51B | -1.29B | -462.6M | -573.4M | -929.5M | 140.22M | 193.76M | 222.84M | -70.88M | 236.77M | 19.4M | 5.35M | -392.36M |
| Net Margin % | 72.92% | 73.24% | -7.5% | -33.01% | -17.1% | -5.39% | -6.8% | -11.14% | 3.07% | 4.25% | 4.53% | -1.86% | 6.18% | 0.56% | 0.16% | -11.98% |
| Net Income Growth % | 1821.23% | 548.4% | 79.06% | -17.09% | -178.19% | 19.32% | 38.31% | -762.9% | -27.64% | -13.05% | - | -129.93% | 1120.73% | 262.34% | 101.36% | - |
| Net Income (Continuing) | 262.2M | 324.3M | -461M | -1.1B | -1.18B | -462.6M | -573.4M | -929.5M | 140.22M | 193.76M | 222.84M | -70.88M | 236.77M | 19.4M | 5.35M | -392.36M |
| Discontinued Operations | 2M | 1.09B | 145.5M | -411M | -102.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 5.22 | 5.85 | -1.78 | -7.44 | -6.49 | -2.55 | -3.20 | -5.02 | 0.72 | 0.98 | 1.13 | -0.37 | 1.24 | 0.12 | 0.03 | -1.36 |
| EPS Growth % | 4046.15% | 428.65% | 76.08% | -14.64% | -154.51% | 20.31% | 36.25% | -797.22% | -26.53% | -13.27% | - | -129.84% | 933.33% | 316.67% | 102.12% | - |
| EPS (Basic) | - | 6.13 | -1.78 | -7.44 | -6.49 | -2.55 | -3.20 | -5.02 | 0.73 | 1.01 | 1.16 | -0.37 | 1.27 | 0.12 | 0.03 | -1.36 |
| Diluted Shares Outstanding | 226.9M | 230M | 214.4M | 210.9M | 207.4M | 203.6M | 196.8M | 193.7M | 195.3M | 196.8M | 196.46M | 189.88M | 191.45M | 164.01M | 185.65M | 185.65M |
| Basic Shares Outstanding | 224.7M | 219.5M | 214.4M | 210.9M | 207.4M | 203.6M | 196.8M | 193.7M | 192M | 192.4M | 192.47M | 189.88M | 186.91M | 160.64M | 178.43M | 185.65M |
| Dividend Payout Ratio | - | 1.24% | - | - | - | - | - | - | - | - | - | - | - | 2777.4% | 3736.22% | - |
Quick answers to the most common questions about buying VISN stock.
For fiscal year 2025, Vistance Networks, Inc. (VISN) reported total revenue of $1.93B. This represents a 41.0% decline compared to $3.28B in 2011.
Vistance Networks, Inc. (VISN) is profitable, generating $1.41B in net income for the fiscal year ending 2025 with a net profit margin of 73.2%.
Vistance Networks, Inc. (VISN) reported an operating income of $66.5M, resulting in an operating profit margin of 3.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Vistance Networks, Inc. (VISN) generated $817.5M in gross profit for the year, representing a gross profit margin of 42.3%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
High debt maturity wall
Metrics are mathematically derived from official filings.
Revenue Growth Rebounds From Trough
According to recent financial disclosures, CommScope's quarterly revenue growth has accelerated significantly, reaching 50.6% in 2025Q3 compared to the sharp contractions observed throughout 2023 and early 2024, suggesting a potential stabilization in carrier capital expenditure cycles and a recovery in demand for core networking infrastructure.
The dramatic shift from double-digit revenue declines in 2023 to the current growth trajectory indicates that the destocking cycle that previously plagued the Broadband and Home segments may be abating. Investors should monitor whether this acceleration is sustainable or merely a reflection of easier year-over-year comparisons following the divestiture of lower-margin business units.
Structural Margin Expansion Remains Fragile
As reported in the latest income statement, CommScope achieved a gross margin of 37.8% in 2025Q3, representing a notable improvement from the 25.1% trough recorded in 2024Q1, which appears to reflect the successful shedding of lower-margin product lines and improved operational efficiency in the remaining core segments.
The expansion in gross margin suggests that management's efforts to prune the portfolio are beginning to yield tangible results in the income statement. However, the company's reliance on volatile commodity inputs means that maintaining these levels will require disciplined pricing power, which remains unproven in the face of potential future supply chain disruptions.
Operating Leverage Scaling With Revenue
Based on the provided quarterly data, operating income has scaled to $314.1 million in 2025Q3, demonstrating significant operating leverage as the company's operating margin expanded to 19.3% from the negative territory seen in early 2024, indicating that fixed costs are being absorbed more effectively by the current revenue base.
The ability to convert top-line growth into disproportionate operating income gains suggests that the company's recent restructuring initiatives have successfully lowered the break-even point. Analysts should remain cautious, as this leverage works in both directions, and any future revenue deceleration could rapidly compress operating margins given the company's high fixed-cost manufacturing footprint.
Earnings Volatility Masks Operational Progress
Financial statements reveal that while net income has turned positive at $108.6 million in 2025Q3, the company's historical earnings quality has been severely impacted by massive non-operating charges and restructuring costs, which previously led to significant net losses in multiple quarters throughout 2023 and early 2024.
The transition to consistent net profitability appears to be a positive development, yet the history of large, non-recurring charges warrants skepticism regarding the sustainability of current bottom-line figures. Investors should focus on the divergence between GAAP net income and underlying cash generation to determine if the recent earnings improvement is truly reflective of core operational health.