balance equationreview2024-07-31
Difference 119231000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
Revenue
$249.61M
Fiscal year ended 2026-07-31Operating income
-$18.18M
Fiscal year ended 2026-07-31Free cash flow
$22.19M
Fiscal year ended 2026-07-31Valuation, from the filing
| Public float | $58.10M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-01-31 |
|---|---|---|
| Float per share | $1.96 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 0.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-01-31, not today, and each multiple below it uses the figures for the fiscal year ending 2025-07-31 — the year that filing covered.
Valuation over time
100.2× earnings today, against a median of 20.1× across 4 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2020-01-31 | $703.37M | 100.2× | |
| 2019-01-31 | $584.33M | 23.3× | |
| 2018-01-31 | $500.52M | 16.8× | |
| 2017-01-31 | $247.92M | 15.7× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Radio & Tv Broadcasting & Communications Equipment filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Gross margin | 38.9% | 7th | |
| R&D / revenue | 4.6% | 12th | |
| Revenue YoY growth | -17.0% | 21th | |
| Current ratio | 0.84x | 33th | |
| FCF margin | 8.9% | 38th | |
| Operating margin | -7.3% | 39th | |
| Net margin | -14.5% | 41th | |
| CapEx / revenue | 6.1% | 50th |
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) reported revenue of $249.61M and net income of -$36.17M for the fiscal year ended 2026-07-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from COMTECH TELECOMMUNICATIONS CORP /DE/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Radio & Tv Broadcasting & Communications Equipment.
Income
| Metric | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $218.18M |
| Operating income | -$18.18M | -$29.90M | -$79.89M | -$14.66M | -$33.75M | -$68.30M | $15.17M | $41.41M | $35.08M | $37.04M |
| Net income | -$36.17M | -$155.30M | -$99.98M | -$26.90M | -$33.05M | -$73.48M | $7.02M | $25.04M | $29.77M | $15.83M |
| Research & development | $11.58M | $11.72M | $24.08M | $48.63M | $52.53M | $49.15M | $52.18M | $56.41M | $53.87M | $54.26M |
| Weighted-average diluted shares | shares 29.84M | shares 29.40M | shares 28.80M | shares 28.00M | shares 26.51M | shares 25.68M | shares 24.90M | shares 24.30M | shares 24.04M | shares 23.49M |
| Pretax income | -$17.43M | -$19.28M | -$100.28M | -$30.85M | -$37.08M | -$74.98M | $9.31M | $28.91M | $24.63M | $25.48M |
| Income tax expense | $847.00K | -$279.00K | -$295.00K | -$3.95M | -$4.02M | -$1.50M | $2.29M | $3.87M | -$5.14M | $9.65M |
| Diluted EPS | $-2.31 | $-6.95 | $-4.70 | $-1.21 | $-1.63 | $-2.86 | $0.28 | $1.03 | $1.24 | $0.67 |
| Selling, general & administrative | $87.86M | $88.13M | $123.20M | $120.00M | $114.86M | $111.80M | $117.13M | $128.64M | $113.92M | $116.08M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $34.98M | $35.37M | $32.43M | $18.96M | $21.65M | $30.86M | $47.88M | $45.58M | $43.48M | $41.84M |
| Total assets | $695.76M | $741.90M | $793.20M | $996.24M | $974.30M | $993.11M | $929.65M | $887.71M | $845.16M | $832.06M |
| Current assets | $243.26M | $271.24M | $336.55M | $305.49M | $263.33M | $287.50M | $277.10M | $280.31M | $279.79M | $241.04M |
| Total liabilities | $434.88M | $447.93M | $426.10M | $445.73M | $402.51M | $492.39M | $380.35M | $352.63M | $339.47M | $351.91M |
| Current liabilities | $290.57M | $158.25M | $183.55M | $211.97M | $193.46M | $203.56M | $159.71M | $145.35M | $165.32M | $144.21M |
| Total equity incl. NCI | $38.90M | $104.42M | $306.25M | $438.30M | $466.58M | $500.72M | $549.30M | $535.08M | $505.68M | $480.15M |
| Temporary (mezzanine) equity | $221.98M | $189.54M | $180.08M | $112.21M | $105.20M | $0 | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $10.51M | $6.94M | $93.14M | $105.84M | $96.32M | $80.36M | $82.30M | $74.84M | $75.08M | $60.60M |
| Accounts receivable | $67.80M | $87.18M | $195.60M | $163.16M | $123.71M | $158.11M | $126.82M | $145.03M | $147.44M | $124.96M |
| Goodwill | $176.13M | $176.13M | $284.18M | $347.69M | $347.69M | $347.70M | $330.52M | $310.49M | $290.63M | $290.63M |
| Long-term debt | Unavailable | $114.41M | $173.53M | $160.03M | $130.00M | $201.00M | $149.50M | $165.00M | $148.09M | $176.23M |
| Accounts payable | $20.75M | $14.66M | $42.48M | $64.24M | $44.59M | $36.19M | $23.42M | $24.33M | $43.93M | $29.40M |
Cash flow
| Metric | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $37.41M | -$8.29M | -$54.50M | -$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 | $8.78M | $8.64M | $8.15M |
| 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 | $47.82M | $20.05M | $8.42M | $39.10M | -$30.28M | -$21.27M | -$40.06M | -$83.73M |
| Net change in cash | -$1.05M | $7.59M | $13.47M | -$2.69M | -$9.21M | -$17.02M | $2.30M | $2.09M | $1.64M | -$24.96M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | $32.00K | $158.00K | $268.00K | $8.66M | $11.05M | $10.33M | $10.02M | $9.79M | $9.54M | $18.87M |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $0 |
| Depreciation & amortization | $9.78M | $8.81M | $12.16M | $11.92M | $10.31M | $9.38M | $10.56M | $11.93M | $13.66M | Unavailable |
Derived
| Metric | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $22.19M | -$16.52M | -$67.58M | -$22.74M | Unavailable | Unavailable | $45.54M | $59.25M | $41.70M | $58.77M |
| 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% | Unavailable | Unavailable | 2.5% | 6.2% | 6.1% | 6.7% |
| FCF margin | 8.9% | -5.5% | -12.5% | -4.1% | Unavailable | Unavailable | 7.4% | 8.8% | 7.3% | 10.7% |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | 0.84x | 1.71x | 1.83x | 1.44x | 1.36x | 1.41x | 1.73x | 1.93x | 1.69x | 1.67x |
| Revenue YoY growth | -17.0% | -44.3% | -1.7% | 13.1% | -16.4% | -5.7% | -8.2% | 17.7% | 3.7% | Unavailable |
| Net margin | -14.5% | -51.6% | -18.5% | -4.9% | -6.8% | -12.6% | 1.1% | 3.7% | 5.2% | 2.9% |
| R&D / revenue | 4.6% | 3.9% | 4.5% | 8.8% | 10.8% | 8.4% | 8.5% | 8.4% | 9.4% | 9.9% |
| CapEx / revenue | 6.1% | 2.7% | 2.4% | 3.3% | 4.0% | 2.8% | 1.2% | 1.3% | 1.5% | 1.5% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 24.6% | 13.4% | -20.9% | 37.9% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CMTL in the interactive workspace to inspect any figure back to its filing.
Source filings
10-K · Filed 2026-10-14View SEC filing
10-Q · Filed 2026-06-15View SEC filing
10-Q · Filed 2026-03-16View SEC filing
10-Q · Filed 2025-12-11View SEC filing
10-K · Filed 2025-11-10View SEC filing
10-Q · Filed 2025-06-09View SEC filing
Reconciliation checks needing review
1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.