NASDAQ : CMTL
Comtech Telecommunications Corp. — Financial statements
Technology · Communication Equipment · United States
Last price 1.27 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 38.27M
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Financial statements
Comtech Telecommunications Corp. (CMTL) reported revenue of 249.61M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 249.61M | 249.61M | 300.87M | 540.40M | 549.99M | 486.24M |
| Cost of Revenue | 152.44M | 152.44M | 205.66M | 383.22M | 365.53M | 305.30M |
| Gross Profit | 97.18M | 97.18M | 95.21M | 157.18M | 184.46M | 180.94M |
| Selling, General & Admin | 77.86M | 77.86M | 78.13M | 110.70M | 120.00M | 108.89M |
| Research & Development | 11.58M | 11.58M | 11.72M | 24.08M | 48.63M | 52.53M |
| Amortization of Goodwill & Intangibles | 14.76M | 14.76M | 15.15M | 21.15M | 21.40M | 21.40M |
| Operating Expenses | 104.19M | 104.19M | 105.01M | 155.93M | 190.03M | 182.82M |
| Operating Income | -7.02M | -7.02M | -9.80M | 1.25M | -5.57M | -1.88M |
| Interest Expense | -21.34M | -21.34M | -27.99M | -23.98M | -14.96M | -5.03M |
| Interest & Investment Income | 118.00K | 703.00K | ||||
| Other Non Operating Income (Expenses) | 22.09M | 22.09M | 38.50M | 3.60M | -1.23M | 1.00M |
| EBT Excluding Unusual Items | -6.27M | -6.27M | 827.00K | -19.14M | -21.76M | -5.20M |
| Merger & Restructuring Charges | -10.00M | -10.00M | -10.00M | -12.50M | -5.96M | |
| Impairment of Goodwill | -5.30M | -64.50M | ||||
| Gain (Loss) on Sale of Assets | -1.20M | |||||
| Asset Writedown | -25.00K | |||||
| Other Unusual Items | -1.16M | -1.16M | -4.80M | -2.92M | -9.09M | -25.91M |
| Pretax Income | -17.43M | -17.43M | -19.28M | -100.28M | -30.85M | -37.08M |
| Income Tax Expense | 847.00K | 847.00K | -279.00K | -295.00K | -3.95M | -4.02M |
| Earnings From Continuing Operations | -18.28M | -18.28M | -19.00M | -99.98M | -26.90M | -33.05M |
| Earnings From Discontinued Operations | -17.89M | -17.89M | -136.31M | |||
| Net Income | -36.17M | -36.17M | -155.30M | -99.98M | -26.90M | -33.05M |
| Preferred Dividends & Other Adjustments | 32.76M | 32.76M | 48.95M | 35.45M | 7.01M | 10.22M |
| Net Income to Common | -68.93M | -68.93M | -204.25M | -135.44M | -33.91M | -43.27M |
| Shares Outstanding (Basic) | 29.84M | 29.84M | 29.41M | 28.80M | 28.00M | 26.51M |
| Shares Outstanding (Diluted) | 29.84M | 29.84M | 29.41M | 28.80M | 28.00M | 26.51M |
| EPS (Basic) | -2.31 | -2.31 | -6.95 | -4.70 | -1.21 | -1.63 |
| EPS (Diluted) | -2.31 | -2.31 | -6.95 | -4.70 | -1.21 | -1.63 |
| Free Cash Flow | 22.84M | 22.84M | -17.62M | -67.58M | -22.74M | -17.62M |
| Free Cash Flow Per Share | 0.77 | 0.77 | -0.60 | -2.35 | -0.81 | -0.67 |
| Dividend Per Share | 0.20 | 0.40 | ||||
| Gross Margin | 38.93% | 38.93% | 31.64% | 29.09% | 33.54% | 37.21% |
| Operating Margin | -2.81% | -2.81% | -3.26% | 0.23% | -1.01% | -0.39% |
| Profit Margin | -27.62% | -27.62% | -67.89% | -25.06% | -6.17% | -8.90% |
| Free Cash Flow Margin | 9.15% | 9.15% | -5.85% | -12.50% | -4.13% | -3.62% |
| EBITDA | 17.52M | 17.52M | 14.17M | 34.56M | 27.75M | 30.30M |
| EBITDA Margin | 7.02% | 7.02% | 4.71% | 6.40% | 5.04% | 6.23% |
| D&A For EBITDA | 24.54M | 24.54M | 23.97M | 33.31M | 33.32M | 32.18M |
| EBIT | -7.02M | -7.02M | -9.80M | 1.25M | -5.57M | -1.88M |
| EBIT Margin | -2.81% | -2.81% | -3.26% | 0.23% | -1.01% | -0.39% |
Balance sheet
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 34.98M | 34.98M | 35.37M | 32.43M | 18.96M | 21.65M |
| Cash & Short-Term Investments | 34.98M | 34.98M | 35.37M | 32.43M | 18.96M | 21.65M |
| Receivables | 67.80M | 67.80M | 87.18M | 195.59M | 163.16M | 123.71M |
| Inventory | 10.51M | 10.51M | 6.94M | 93.14M | 105.84M | 96.32M |
| Prepaid Expenses | 12.63M | 12.63M | 13.78M | 15.39M | 17.52M | 21.65M |
| Other Current Assets | 117.34M | 117.34M | 127.99M | |||
| Total Current Assets | 243.26M | 243.26M | 271.25M | 336.55M | 305.49M | 263.33M |
| Property, Plant & Equipment | 40.89M | 40.89M | 37.49M | 78.92M | 97.44M | 100.13M |
| Goodwill | 176.13M | 176.13M | 176.13M | 284.18M | 347.69M | 347.69M |
| Other Intangible Assets | 120.66M | 120.66M | 135.43M | 194.83M | 225.91M | 247.30M |
| Long-Term Accounts Receivable | 824.00K | 2.99M | ||||
| Long-Term Deferred Tax Assets | 218.00K | 218.00K | 1.25M | 591.00K | 396.00K | |
| Long-Term Deferred Charges | 1.45M | 1.45M | 1.91M | 3.25M | 2.35M | 1.01M |
| Other Long-Term Assets | 113.15M | 113.15M | 118.45M | 13.88M | 13.78M | 14.43M |
| Total Assets | 695.76M | 695.76M | 741.90M | 912.43M | 996.24M | 974.30M |
| Accounts Payable | 20.75M | 20.75M | 14.66M | 42.48M | 64.24M | 44.59M |
| Accrued Expenses | 18.44M | 18.44M | 18.30M | 28.60M | 28.02M | 31.54M |
| Current Portion of Long-Term Debt | 121.02M | 121.02M | 4.05M | 4.05M | 4.38M | |
| Current Portion of Leases | 3.21M | 3.21M | 3.43M | 7.87M | 8.64M | 8.69M |
| Current Unearned Revenue | 43.76M | 43.76M | 41.95M | 65.83M | 66.35M | 64.60M |
| Other Current Liabilities | 83.39M | 83.39M | 75.86M | 34.72M | 40.34M | 44.04M |
| Total Current Liabilities | 290.57M | 290.57M | 158.25M | 183.55M | 211.97M | 193.46M |
| Long-Term Debt | 84.32M | 84.32M | 210.00M | 173.53M | 160.03M | 130.00M |
| Long-Term Leases | 9.42M | 9.42M | 8.91M | 30.26M | 41.76M | 44.42M |
| Long-Term Unearned Revenue | 16.43M | 16.43M | 21.00M | 21.04M | 18.42M | 9.97M |
| Long-Term Deferred Tax Liabilities | 6.27M | 9.49M | 15.36M | |||
| Other Long-Term Liabilities | 34.13M | 34.13M | 49.77M | 11.47M | 4.05M | 9.30M |
| Total Liabilities | 434.88M | 434.88M | 447.93M | 426.11M | 445.73M | 402.51M |
| Common Stock | 4.50M | 4.50M | 4.44M | 4.38M | 4.31M | 4.27M |
| Additional Paid-In Capital | 519.32M | 519.32M | 548.72M | 640.14M | 636.92M | 625.48M |
| Retained Earnings | -43.06M | -43.06M | -6.89M | 103.58M | 238.91M | 278.68M |
| Treasury Stock | -441.85M | -441.85M | -441.85M | -441.85M | -441.85M | -441.85M |
| Total Common Equity | 38.90M | 38.90M | 104.42M | 306.25M | 438.30M | 466.58M |
| Shareholders' Equity | 260.89M | 260.89M | 293.97M | 486.33M | 550.51M | 571.79M |
| Total Liabilities & Equity | 695.76M | 695.76M | 741.90M | 912.43M | 996.24M | 974.30M |
| Total Debt | 217.97M | 217.97M | 226.38M | 215.70M | 214.81M | 183.11M |
| Net Cash (Debt) | -182.99M | -182.99M | -191.01M | -183.27M | -195.85M | -161.45M |
| Net Cash Per Share | -6.13 | -6.13 | -6.50 | -6.36 | -6.99 | -6.09 |
| Filing Date Shares Outstanding | 30.14M | 30.14M | 29.61M | 28.87M | 28.13M | 27.68M |
| Total Common Shares Outstanding | 29.99M | 29.99M | 29.41M | 28.73M | 28.06M | 27.64M |
| Working Capital | -47.31M | -47.31M | 113.00M | 153.00M | 93.52M | 69.87M |
| Book Value Per Share | 1.30 | 1.30 | 3.55 | 10.66 | 15.62 | 16.88 |
| Tangible Book Value | -257.89M | -257.89M | -207.13M | -172.75M | -135.30M | -128.41M |
| Tangible Book Value Per Share | -8.60 | -8.60 | -7.04 | -6.01 | -4.82 | -4.65 |
| Machinery | 70.81M | 70.81M | 63.73M | 142.41M | 168.62M | 186.94M |
| Leasehold Improvements | 4.54M | 4.54M | 4.66M | 17.18M | 9.68M | 14.26M |
| Order Backlog | 520.40M | 520.40M | 506.30M | 798.90M |
Cash flow statement
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -36.17M | -36.17M | -155.30M | -99.98M | -26.90M | -33.05M |
| Depreciation & Amortization | 24.54M | 24.54M | 23.97M | 33.31M | 33.32M | 32.18M |
| Other Amortization | 16.11M | 16.11M | 14.25M | 6.78M | 2.81M | 811.00K |
| Loss (Gain) From Sale of Assets | 11.00K | 2.09M | 48.00K | -310.00K | ||
| Asset Writedown & Restructuring Costs | 5.30M | 64.53M | ||||
| Stock-Based Compensation | 3.12M | 3.12M | 2.24M | 6.10M | 13.87M | 15.15M |
| Provision & Write-off of Bad Debts | -302.00K | -302.00K | 375.00K | 1.42M | 261.00K | 838.00K |
| Other Operating Activities | -2.68M | -2.68M | 98.73M | -8.23M | -5.32M | -6.55M |
| Change in Accounts Receivable | 19.68M | 19.68M | -8.47M | -38.30M | -39.71M | 33.57M |
| Change in Inventory | -4.07M | -4.07M | 1.13M | -7.76M | -14.88M | -20.41M |
| Change in Accounts Payable | 6.04M | 6.04M | -6.75M | -18.93M | 20.36M | 6.83M |
| Change in Unearned Revenue | -2.77M | -2.77M | 1.77M | 2.75M | 10.19M | -1.36M |
| Change in Income Taxes | -203.00K | -203.00K | -1.39M | -2.29M | 1.67M | -1.07M |
| Change in Other Net Operating Assets | 1.68M | 1.68M | -5.05M | 4.04M | -156.00K | -24.64M |
| Operating Cash Flow | 38.06M | 38.06M | -9.39M | -54.49M | -4.43M | 2.00M |
| Capital Expenditures | -15.22M | -15.22M | -8.23M | -13.08M | -18.31M | -19.62M |
| Divestitures | 33.23M | |||||
| Sale (Purchase) of Intangibles | 565.00K | 565.00K | ||||
| Other Investing Activities | 8.75M | 8.75M | -337.00K | |||
| Investing Cash Flow | -5.91M | -5.91M | -8.56M | 20.14M | -18.31M | -19.62M |
| Long-Term Debt Issued | 102.81M | 157.14M | 36.90M | |||
| Long-Term Debt Repaid | -31.21M | -31.21M | -71.61M | -134.10M | -1.88M | -71.02M |
| Net Debt Issued (Repaid) | -31.21M | -31.21M | 31.21M | 23.04M | 35.02M | -71.02M |
| Issuance of Common Stock | 95.00K | 95.00K | 118.00K | 254.00K | 470.00K | 734.00K |
| Repurchase of Common Stock | -688.00K | -688.00K | -1.25M | -3.81M | -2.87M | -6.11M |
| Common Dividends Paid | -32.00K | -32.00K | -158.00K | -268.00K | -8.66M | |
| Dividends Paid | -32.00K | -32.00K | -158.00K | -268.00K | -8.66M | -11.05M |
| Other Financing Activities | -711.00K | -711.00K | -5.48M | -14.59M | -3.91M | -4.15M |
| Financing Cash Flow | -32.55M | -32.55M | 24.44M | 47.83M | 20.05M | 8.41M |
| Net Cash Flow | -393.00K | -393.00K | 6.49M | 13.47M | -2.69M | -9.21M |
| Free Cash Flow | 22.84M | 22.84M | -17.62M | -67.58M | -22.74M | -17.62M |
| Free Cash Flow Margin | 9.15% | 9.15% | -5.85% | -12.50% | -4.13% | -3.62% |
| Free Cash Flow Per Share | 0.77 | 0.77 | -0.60 | -2.35 | -0.81 | -0.67 |
| Levered Free Cash Flow | 54.56M | 54.56M | 56.00M | -26.02M | -11.81M | 29.22M |
| Unlevered Free Cash Flow | 51.78M | 51.78M | 59.24M | -16.85M | -4.31M | 31.55M |
| Cash Interest Paid | 18.27M | 18.27M | 27.72M | 18.10M | 11.91M | 4.09M |
| Cash Income Tax Paid | -163.00K | -163.00K | 1.88M | 4.88M | 361.00K | 2.91M |
| Change in Working Capital | 20.36M | 20.36M | -18.77M | -60.50M | -22.52M | -7.08M |
Ratios
Fiscal year August - July; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 37.37M | 50.34M | 63.79M | 92.32M | 283.30M | 319.67M |
| Enterprise Value | 220.36M | 484.10M | 456.95M | 436.06M | 582.75M | 573.11M |
| Last Close Price | 1.27 | 1.68 | 2.17 | 3.24 | 10.16 | 11.42 |
| Forward PE | 33.12 | 33.12 | 58.91 | 17.52 | 30.59 | |
| PS Ratio | 0.15 | 0.20 | 0.21 | 0.17 | 0.52 | 0.66 |
| PB Ratio | 0.98 | 0.19 | 0.22 | 0.19 | 0.52 | 0.56 |
| P/FCF Ratio | 1.68 | 2.20 | ||||
| P/OCF Ratio | 1.01 | 1.32 | 160.07 | |||
| PEG Ratio | 4.14 | 4.14 | 7.36 | 2.19 | 4.61 | |
| EV/Sales Ratio | 0.89 | 1.94 | 1.52 | 0.81 | 1.06 | 1.18 |
| EV/EBITDA Ratio | 12.63 | 27.63 | 32.26 | 12.62 | 21.00 | 18.91 |
| EV/EBIT Ratio | 348.85 | |||||
| EV/FCF Ratio | 9.69 | 21.19 | ||||
| Debt / Equity Ratio | 0.83 | 0.83 | 0.77 | 0.44 | 0.39 | 0.32 |
| Debt / EBITDA Ratio | 9.58 | 9.58 | 12.10 | 4.53 | 5.04 | 3.90 |
| Debt / FCF Ratio | 9.54 | 9.54 | ||||
| Net Debt / Equity Ratio | 0.70 | 0.70 | 0.65 | 0.38 | 0.36 | 0.28 |
| Net Debt / EBITDA Ratio | 10.44 | 10.44 | 13.48 | 5.30 | 7.06 | 5.33 |
| Net Debt / FCF Ratio | 8.01 | 8.01 | -10.84 | -2.71 | -8.61 | -9.16 |
| Asset Turnover | 0.35 | 0.35 | 0.36 | 0.57 | 0.56 | 0.49 |
| Inventory Turnover | 17.48 | 17.48 | 4.11 | 3.85 | 3.62 | 3.46 |
| Quick Ratio | 0.35 | 0.35 | 0.77 | 1.24 | 0.86 | 0.75 |
| Current Ratio | 0.84 | 0.84 | 1.71 | 1.83 | 1.44 | 1.36 |
| Return on Equity (ROE) | -6.59% | -6.59% | -4.87% | -19.29% | -4.79% | -6.16% |
| Return on Assets (ROA) | -0.61% | -0.61% | -0.74% | 0.08% | -0.35% | -0.12% |
| Return on Invested Capital (ROIC) | -1.51% | -1.51% | -1.70% | 0.18% | -0.75% | -0.26% |
| Return on Capital Employed (ROCE) | -1.70% | -1.70% | -1.70% | 0.20% | -0.70% | -0.20% |
| Earnings Yield | -186.26% | -71.86% | -243.47% | -108.31% | -9.50% | -10.34% |
| FCF Yield | 59.68% | 45.38% | -27.62% | -73.20% | -8.03% | -5.51% |
| Dividend Yield | 1.98% | 3.46% | ||||
| Buyback Yield / Dilution | -1.50% | -1.50% | -2.10% | -2.85% | -5.64% | -3.20% |
| Total Shareholder Return | -1.50% | -1.50% | -2.10% | -2.85% | -3.66% | 0.26% |