For fiscal 2026 (ended Jul 31, 2026), Comtech Telecommunications Corp. reported $249.61M of revenue and -$36.17M of net income.
CMTL revenue was $249.61M for fiscal 2026 (ended Jul 31, 2026), down 17.0% from fiscal 2025. Compound annual growth was -15.6% over 5 years and -4.9% over 10 years. It rose in 4 of the last 10 fiscal years.
CMTL net income was -$3.20M in fiscal Q4 2026 (ended Jul 31, 2026), compared with $7.91M a year earlier. For the full fiscal 2026 it was -$36.17M, compared with -$155.30M in fiscal 2025.
CMTL diluted EPS was -$0.49 in fiscal Q4 2026 (ended Jul 31, 2026). For the full fiscal 2026 it was -$2.31, compared with -$6.95 in fiscal 2025.
CMTL free cash flow was $16.25M in fiscal Q4 2026 (ended Jul 31, 2026), up 66.7% from a year earlier and up about 24-fold from the prior quarter. For the full fiscal 2026 it was $22.19M, compared with -$16.52M in fiscal 2025. Compound annual growth was +9.0% over 10 years.
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $249.61M | $300.87M | $540.40M | $549.99M | $486.24M | $581.70M | $616.72M | $671.80M | $570.59M | $550.37M |
| Cost of revenue | $152.44M | $205.66M | $383.22M | $365.53M | $306.40M | $367.74M | $389.88M | $424.36M | $346.65M | $332.18M |
| Gross profit | $97.18M | $95.21M | $157.18M | $184.46M | $179.84M | $213.96M | $226.83M | $247.44M | $223.94M | $218.19M |
| Research and development | $11.58M | $11.72M | $24.08M | $48.63M | $52.53M | $49.15M | $52.18M | $56.41M | $53.87M | $54.26M |
| Selling, general and admin | $87.86M | $88.13M | $123.20M | $120.00M | $114.86M | $111.80M | $117.13M | $128.64M | $113.92M | $116.08M |
| Operating income | -$18.18M | -$29.90M | -$79.89M | -$14.66M | -$33.75M | -$68.30M | $15.17M | $41.41M | $35.08M | $37.04M |
| Interest expense | $21.34M | $19.01M | $22.15M | $14.96M | $5.03M | $6.82M | $6.05M | $9.24M | $10.20M | $11.63M |
| Pre-tax income | -$17.43M | -$19.28M | -$100.28M | -$30.85M | -$37.08M | -$74.98M | $9.31M | $28.91M | $24.63M | $25.48M |
| Income tax | $847.0K | -$279.0K | -$295.0K | -$3.95M | -$4.02M | -$1.50M | $2.29M | $3.87M | -$5.14M | $9.65M |
| Net income | -$36.17M | -$155.30M | -$99.98M | -$26.90M | -$33.05M | -$73.48M | $7.02M | $25.04M | $29.77M | $15.83M |
| EPS, basic | -$2.31 | -$6.95 | -$4.70 | -$1.21 | -$1.63 | -$2.86 | $0.28 | $1.04 | $1.25 | $0.68 |
| EPS, diluted | -$2.31 | -$6.95 | -$4.70 | -$1.21 | -$1.63 | -$2.86 | $0.28 | $1.03 | $1.24 | $0.67 |
| Diluted shares | 29.8M | 29.4M | 28.8M | 28.0M | 26.5M | 25.7M | 24.9M | 24.3M | 24.0M | 23.5M |
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $34.98M | $35.37M | $28.88M | $18.96M | $21.65M | $30.86M | $47.88M | $45.58M | $43.48M | $41.84M |
| Receivables | $67.80M | $87.18M | $195.59M | $163.16M | $123.71M | $158.11M | $126.82M | $145.03M | $147.44M | $124.96M |
| Inventory | $10.51M | $6.94M | $93.14M | $105.84M | $96.32M | $80.36M | $82.30M | $74.84M | $75.08M | $60.60M |
| Current assets | $243.26M | $271.25M | $336.55M | $305.49M | $263.33M | $287.50M | $277.10M | $280.31M | $279.79M | $241.04M |
| Goodwill | $176.13M | $176.13M | $284.18M | $347.69M | $347.69M | $347.70M | $330.52M | $310.49M | $290.63M | $290.63M |
| Total assets | $695.76M | $741.90M | $793.20M | $996.24M | $974.30M | $993.11M | $929.65M | $887.71M | $845.16M | $832.06M |
| Current liabilities | $290.57M | $158.25M | $183.55M | $211.97M | $193.46M | $203.56M | $159.71M | $145.35M | $165.32M | $144.21M |
| Short-term debt | - | $4.05M | $4.05M | $4.38M | $0 | - | - | $0 | $17.21M | $15.49M |
| Long-term debt | - | $114.41M | $173.53M | $160.03M | $130.00M | $201.00M | $149.50M | $165.00M | $148.09M | $176.23M |
| Total debt | - | $118.46M | $177.58M | $164.40M | $130.00M | $201.00M | $149.50M | $165.00M | $165.30M | $191.72M |
| Total liabilities | $434.88M | $447.93M | $426.11M | $445.73M | $402.51M | $492.39M | $380.35M | $352.63M | $339.47M | $351.91M |
| Shareholders' equity | $38.90M | $104.42M | $306.25M | $438.30M | $466.58M | $500.72M | $549.30M | $535.08M | $505.68M | $480.15M |
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $37.41M | -$8.29M | -$54.49M | -$4.43M | $2.00M | -$40.64M | $52.76M | $68.03M | $50.34M | $66.92M |
| Capital expenditures | $15.22M | $8.23M | $13.08M | $18.31M | $19.62M | $16.04M | $7.22M | $8.79M | $8.64M | $8.15M |
| Free cash flow | $22.19M | -$16.52M | -$67.58M | -$22.74M | -$17.62M | -$56.67M | $45.54M | $59.25M | $41.70M | $58.77M |
| Investing cash flow | -$5.91M | -$8.56M | $20.14M | -$18.31M | -$19.62M | -$15.48M | -$20.18M | -$44.67M | -$8.64M | -$8.15M |
| Financing cash flow | -$32.55M | $24.44M | $47.83M | $20.05M | $8.41M | $39.10M | -$30.28M | -$21.27M | -$40.06M | -$83.73M |
| Dividends paid | $32.0K | $158.0K | $268.0K | $8.66M | $11.05M | $10.33M | $10.02M | $9.79M | $9.54M | $18.87M |
| Share repurchases | - | - | - | - | - | - | - | - | - | $0 |
| Depreciation and amortization | $9.78M | $8.81M | $12.16M | $11.92M | $10.31M | $9.38M | $10.56M | $11.93M | $13.65M | - |
| Line item | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | Jul 31, 2018 | Jul 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -17.0% | -44.3% | -1.7% | 13.1% | -16.4% | -5.7% | -8.2% | 17.7% | 3.7% | 33.9% |
| Net income growth, YoY | - | - | - | - | - | - | -72.0% | -15.9% | 88.1% | - |
| EPS growth, YoY | - | - | - | - | - | - | -72.8% | -16.9% | 85.1% | - |
| Gross margin | 38.9% | 31.6% | 29.1% | 33.5% | 37.0% | 36.8% | 36.8% | 36.8% | 39.2% | 39.6% |
| Operating margin | -7.3% | -9.9% | -14.8% | -2.7% | -6.9% | -11.7% | 2.5% | 6.2% | 6.1% | 6.7% |
| Net margin | -14.5% | -51.6% | -18.5% | -4.9% | -6.8% | -12.6% | 1.1% | 3.7% | 5.2% | 2.9% |
| Free cash flow margin | 8.9% | -5.5% | -12.5% | -4.1% | -3.6% | -9.7% | 7.4% | 8.8% | 7.3% | 10.7% |
| Return on equity | -93.0% | -148.7% | -32.6% | -6.1% | -7.1% | -14.7% | 1.3% | 4.7% | 5.9% | 3.3% |
| Return on assets | -5.2% | -20.9% | -12.6% | -2.7% | -3.4% | -7.4% | 0.8% | 2.8% | 3.5% | 1.9% |
| Current ratio | 0.84 | 1.71 | 1.83 | 1.44 | 1.36 | 1.41 | 1.73 | 1.93 | 1.69 | 1.67 |
| Debt to equity | - | 1.13 | 0.58 | 0.38 | 0.28 | 0.40 | 0.27 | 0.31 | 0.33 | 0.40 |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $106.00M | $106.76M | $111.03M | - | $126.79M | $126.57M | $115.80M | $126.19M | $128.08M | $134.22M | $151.91M |
| Cost of revenue | -$62.30M | $69.94M | $70.54M | $74.27M | -$76.30M | $87.84M | $92.83M | $101.28M | $99.05M | $89.12M | $91.03M | $104.03M |
| Gross profit | -$11.88M | $36.07M | $36.22M | $36.77M | $8.01M | $38.95M | $33.74M | $14.52M | $27.14M | $38.95M | $43.20M | $47.88M |
| Research and development | -$1.86M | $5.22M | $4.43M | $3.79M | -$767.0K | $4.42M | $4.35M | $3.71M | $3.68M | $5.75M | $6.84M | $7.81M |
| Selling, general and admin | $905.0K | $29.33M | $27.68M | $29.94M | -$27.55M | $30.20M | $33.83M | $51.64M | $31.50M | $28.70M | $30.31M | $32.70M |
| Operating income | -$11.07M | -$3.12M | -$1.24M | -$2.76M | $111.06M | -$1.53M | -$10.26M | -$129.17M | -$81.48M | -$3.47M | $2.97M | $2.09M |
| Interest expense | -$12.97M | $11.54M | $11.22M | $11.55M | -$14.44M | $12.91M | $11.01M | $9.53M | $6.81M | $5.15M | $5.26M | $4.93M |
| Pre-tax income | $13.81M | -$2.19M | -$13.62M | -$15.44M | $144.57M | $32.13M | -$49.71M | -$146.27M | -$91.72M | -$2.59M | -$3.19M | -$2.78M |
| Income tax | -$880.0K | $1.27M | $17.0K | $442.0K | $356.0K | -$1.80M | -$968.0K | $2.13M | -$934.0K | -$5.38M | $7.36M | -$1.34M |
| Net income | -$3.20M | -$3.45M | -$13.63M | -$15.88M | $7.91M | $33.93M | -$48.74M | -$148.41M | -$90.78M | $2.79M | -$10.56M | -$1.44M |
| EPS, basic | -$0.49 | -$0.47 | -$0.68 | -$0.67 | -$0.41 | -$0.49 | -$0.76 | -$5.29 | -$3.48 | -$0.04 | -$1.07 | -$0.11 |
| EPS, diluted | -$0.49 | -$0.47 | -$0.68 | -$0.67 | -$0.41 | -$0.49 | -$0.76 | -$5.29 | -$3.48 | -$0.04 | -$1.07 | -$0.11 |
| Diluted shares | - | 30.0M | 29.8M | 29.6M | - | 29.4M | 29.3M | 29.4M | - | 28.9M | 28.7M | 28.7M |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $34.98M | $28.50M | $32.83M | $43.63M | $35.37M | $28.43M | $26.67M | $29.64M | $28.88M | $27.19M | $39.96M | $18.12M |
| Receivables | $67.80M | $127.80M | $127.87M | $140.28M | $87.18M | $151.47M | $167.20M | $180.86M | $195.59M | $199.65M | $198.55M | $185.06M |
| Inventory | $10.51M | $61.83M | $66.00M | $67.84M | $6.94M | $77.69M | $81.40M | $81.80M | $93.14M | $96.12M | $85.79M | $85.44M |
| Current assets | $243.26M | $236.71M | $241.63M | $266.58M | $271.25M | $274.66M | $289.55M | $306.56M | $336.55M | $344.39M | $343.25M | $353.75M |
| Goodwill | $176.13M | $204.63M | $204.63M | $204.63M | $176.13M | $204.63M | $204.63M | $204.63M | $284.18M | $333.11M | $333.11M | $333.11M |
| Total assets | $695.76M | $693.48M | $703.83M | $734.12M | $741.90M | $751.14M | $770.56M | $793.20M | $793.20M | $991.00M | $996.75M | $1.01B |
| Current liabilities | $290.57M | $147.20M | $143.28M | $156.93M | $158.25M | $372.68M | $385.31M | $383.31M | $183.55M | $193.38M | $347.26M | $390.94M |
| Short-term debt | - | $4.05M | $4.05M | $4.05M | $4.05M | $148.88M | $186.43M | $182.38M | $4.05M | $3.71M | $168.09M | $183.50M |
| Long-term debt | - | $104.19M | $107.67M | $116.64M | $114.41M | $0 | $0 | $0 | $173.53M | $157.71M | $0 | $0 |
| Total debt | - | $108.24M | $111.72M | $120.69M | $118.46M | $148.88M | $186.43M | $182.38M | $177.58M | $161.42M | $168.09M | $183.50M |
| Total liabilities | $434.88M | $430.21M | $438.25M | $455.08M | $447.93M | $465.64M | $519.54M | $494.14M | $426.11M | $414.33M | $423.30M | $461.70M |
| Shareholders' equity | $38.90M | $52.49M | $65.61M | $85.59M | $104.42M | $115.43M | $128.71M | $150.36M | $306.25M | $406.42M | $406.96M | $436.81M |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18.36M | $6.11M | $4.87M | $8.08M | $11.45M | $2.30M | -$234.0K | -$21.81M | -$9.50M | -$3.79M | -$26.66M | -$14.54M |
| Capital expenditures | $2.10M | $5.43M | $4.43M | $3.26M | $1.70M | $2.46M | $1.65M | $2.42M | $4.18M | $2.67M | $4.27M | $3.22M |
| Free cash flow | $16.25M | $673.0K | $442.0K | $4.82M | $9.75M | -$160.0K | -$1.89M | -$24.22M | -$13.68M | -$6.46M | -$30.93M | -$17.76M |
| Investing cash flow | $7.20M | -$5.42M | -$4.43M | -$3.26M | -$2.04M | -$2.46M | -$1.65M | -$2.42M | -$4.18M | -$615.0K | $28.15M | -$3.22M |
| Financing cash flow | -$15.08M | -$5.01M | -$11.25M | -$1.20M | $2.17M | $1.93M | -$1.09M | $21.43M | $18.92M | -$8.36M | $20.30M | $16.97M |
| Dividends paid | $0 | $4.0K | $4.0K | $24.0K | $1.0K | $0 | $118.0K | $39.0K | $1.0K | $2.0K | $154.0K | $111.0K |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | -16.4% | -15.7% | -4.1% | - | -1.0% | -5.7% | -23.8% | -15.2% | -6.0% | 0.4% | 15.8% |
| Net income growth, YoY | - | - | - | - | - | 1114.1% | - | - | - | - | - | - |
| Gross margin | - | 34.0% | 33.9% | 33.1% | - | 30.7% | 26.7% | 12.5% | 21.5% | 30.4% | 32.2% | 31.5% |
| Operating margin | - | -2.9% | -1.2% | -2.5% | - | -1.2% | -8.1% | -111.5% | -64.6% | -2.7% | 2.2% | 1.4% |
| Net margin | - | -3.3% | -12.8% | -14.3% | - | 26.8% | -38.5% | -128.2% | -71.9% | 2.2% | -7.9% | -0.9% |
| Free cash flow margin | - | 0.6% | 0.4% | 4.3% | - | -0.1% | -1.5% | -20.9% | -10.8% | -5.0% | -23.0% | -11.7% |
| Current ratio | 0.84 | 1.61 | 1.69 | 1.70 | 1.71 | 0.74 | 0.75 | 0.80 | 1.83 | 1.78 | 0.99 | 0.90 |
| Debt to equity | - | 2.06 | 1.70 | 1.41 | 1.13 | 1.29 | 1.45 | 1.21 | 0.58 | 0.40 | 0.41 | 0.42 |
Source: XBRL data Comtech Telecommunications Corp. files with the SEC, latest filing dated Oct 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| CMTL | $249.61M | -17.0% | -$36.17M | -14.5% | $34.1M |
| QCOM | $43.12B | -2.6% | $13.63B | 31.6% | $176.99B |
| MSI | $12.60B | +11.4% | $2.08B | 16.5% | $85.07B |
| NOK | €19.89B | +3.5% | €651.00M | 3.3% | $43.99B |
| UI | $3.27B | +27.2% | $960.30M | 29.3% | $35.87B |
| ERIC | SEK 236.68B | -4.5% | SEK 28.43B | 12.0% | $34.57B |
| PL | $378.28M | +44.1% | -$359.87M | -95.1% | $4.56B |
| ONDS | $174.10M | +979.3% | $167.06M | 96.0% | $3.11B |
| VISN | $1.63B | +10.9% | $8.19B | 504.0% | $1.27B |