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COMTECH TELECOMMUNICATIONS CORP /DE/

CMTL Clue Score23
United States Fiscal year ends July CIK 0000023197
$1.18 +0.00% Close, 9 Oct 2026
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Price $1.18 −94.79% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue550.4Operating income37.0Net income15.8EPS, diluted0.67Fiscal year 2018Revenue570.6 +3.7%Operating income35.1Net income29.8 +88.1%EPS, diluted1.24 +85.1%Fiscal year 2019Revenue671.8 +17.7%Operating income41.4Net income25.0 −15.9%EPS, diluted1.03 −16.9%Fiscal year 2020Revenue616.7 −8.2%Operating income15.2Net income7.0 −72.0%EPS, diluted0.28 −72.8%Fiscal year 2021Revenue581.7 −5.7%Operating income−68.3Net income−73.5 −1,146.7%EPS, diluted−2.86 −1,121.4%Fiscal year 2022Revenue486.2 −16.4%Operating income−33.8Net income−33.1EPS, diluted−1.63Fiscal year 2023Revenue550.0 +13.1%Operating income−14.7Net income−26.9EPS, diluted−1.21Fiscal year 2024Revenue540.4 −1.7%Operating income−79.9Net income−100.0EPS, diluted−4.70Fiscal year 2025Revenue499.5 −7.6%Operating income−139.1Net income−155.3EPS, diluted−6.95
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 550.4 570.6 671.8 616.7 581.7 486.2 550.0 540.4 499.5
Growth +3.7% +17.7% −8.2% −5.7% −16.4% +13.1% −1.7% −7.6%
Operating income 37.0 35.1 41.4 15.2 −68.3 −33.8 −14.7 −79.9 −139.1
Net income 15.8 29.8 25.0 7.0 −73.5 −33.1 −26.9 −100.0 −155.3
Growth +88.1% −15.9% −72.0% −1,146.7%
EPS, diluted 0.67 1.24 1.03 0.28 −2.86 −1.63 −1.21 −4.70 −6.95
Growth +85.1% −16.9% −72.8% −1,121.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin39.6%Operating margin6.7%Net margin2.9%Free cash flow margin10.7%Fiscal year 2018Gross margin39.2%Operating margin6.1%Net margin5.2%Free cash flow margin7.3%Fiscal year 2019Gross margin36.8%Operating margin6.2%Net margin3.7%Free cash flow margin8.8%Fiscal year 2020Gross margin36.8%Operating margin2.5%Net margin1.1%Free cash flow margin7.4%Fiscal year 2021Gross margin36.8%Operating margin−11.7%Net margin−12.6%Free cash flow margin−9.7%Fiscal year 2022Gross margin37.0%Operating margin−6.9%Net margin−6.8%Free cash flow margin−3.6%Fiscal year 2023Gross margin33.5%Operating margin−2.7%Net margin−4.9%Free cash flow margin−4.1%Fiscal year 2024Gross margin29.1%Operating margin−14.8%Net margin−18.5%Free cash flow margin−12.5%Fiscal year 2025Gross margin25.6%Operating margin−27.8%Net margin−31.1%Free cash flow margin−3.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 39.6% 39.2% 36.8% 36.8% 36.8% 37.0% 33.5% 29.1% 25.6%
Operating margin 6.7% 6.1% 6.2% 2.5% −11.7% −6.9% −2.7% −14.8% −27.8%
Net margin 2.9% 5.2% 3.7% 1.1% −12.6% −6.8% −4.9% −18.5% −31.1%
Free cash flow margin 10.7% 7.3% 8.8% 7.4% −9.7% −3.6% −4.1% −12.5% −3.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow66.9Capital expenditure−8.2Free cash flow58.8Buybacks0.0Dividends paid−18.9Fiscal year 2018Operating cash flow50.3Capital expenditure−8.6Free cash flow41.7 −29.0%Dividends paid−9.5Fiscal year 2019Operating cash flow68.0Capital expenditure−8.8Free cash flow59.2 +42.1%Dividends paid−9.8Fiscal year 2020Operating cash flow52.8Capital expenditure−7.2Free cash flow45.5 −23.1%Dividends paid−10.0Fiscal year 2021Operating cash flow−40.6Capital expenditure−16.0Free cash flow−56.7 −224.5%Dividends paid−10.3Fiscal year 2022Operating cash flow2.0Capital expenditure−19.6Free cash flow−17.6Dividends paid−11.0Fiscal year 2023Operating cash flow−4.4Capital expenditure−18.3Free cash flow−22.7Dividends paid−8.7Fiscal year 2024Operating cash flow−54.5Capital expenditure−13.1Free cash flow−67.6Dividends paid−0.3Fiscal year 2025Operating cash flow−8.3Capital expenditure−8.6Free cash flow−16.9Dividends paid−0.2
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 66.9 50.3 68.0 52.8 −40.6 2.0 −4.4 −54.5 −8.3
Capital expenditure −8.2 −8.6 −8.8 −7.2 −16.0 −19.6 −18.3 −13.1 −8.6
Free cash flow 58.8 41.7 59.2 45.5 −56.7 −17.6 −22.7 −67.6 −16.9
Growth −29.0% +42.1% −23.1% −224.5%
Buybacks 0.0 n/a n/a n/a n/a n/a n/a n/a n/a
Dividends paid −18.9 −9.5 −9.8 −10.0 −10.3 −11.0 −8.7 −0.3 −0.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash41.8Total debt191.7Net cash (debt)−149.9Shareholders’ equity480.2Debt to equity0.40Fiscal year 2018Cash43.5Total debt165.3Net cash (debt)−121.8Shareholders’ equity505.7Debt to equity0.33Fiscal year 2019Cash45.6Total debt165.0Net cash (debt)−119.4Shareholders’ equity535.1Debt to equity0.31Fiscal year 2020Cash47.9Total debt149.5Net cash (debt)−101.6Shareholders’ equity549.3Debt to equity0.27Fiscal year 2021Cash30.9Total debt201.0Net cash (debt)−170.1Shareholders’ equity500.7Debt to equity0.40Fiscal year 2022Cash21.7Total debt130.0Net cash (debt)−108.3Shareholders’ equity466.6Debt to equity0.28Fiscal year 2023Cash19.0Total debt164.4Net cash (debt)−145.4Shareholders’ equity438.3Debt to equity0.38Fiscal year 2024Cash32.4Total debt174.5Net cash (debt)−142.1Shareholders’ equity306.3Debt to equity0.57Fiscal year 2025Cash40.0Total debt118.5Net cash (debt)−78.4Shareholders’ equity104.4Debt to equity1.13
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 41.8 43.5 45.6 47.9 30.9 21.7 19.0 32.4 40.0
Total debt 191.7 165.3 165.0 149.5 201.0 130.0 164.4 174.5 118.5
Net cash (debt) −149.9 −121.8 −119.4 −101.6 −170.1 −108.3 −145.4 −142.1 −78.4
Shareholders’ equity 480.2 505.7 535.1 549.3 500.7 466.6 438.3 306.3 104.4
Debt to equity 0.40 0.33 0.31 0.27 0.40 0.28 0.38 0.57 1.13

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending July, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Jul 2017 FY2018 31 Jul 2018 FY2019 31 Jul 2019 FY2020 31 Jul 2020 FY2021 31 Jul 2021 FY2022 31 Jul 2022 FY2023 31 Jul 2023 FY2024 31 Jul 2024 FY2025 31 Jul 2025
Revenue and profit
550.4 570.6 671.8 616.7 581.7 486.2 550.0 540.4 499.5
Growth +3.7% +17.7% −8.2% −5.7% −16.4% +13.1% −1.7% −7.6%
332.2 346.6 424.4 389.9 367.7 306.4 365.5 383.2 371.7
218.2 223.9 247.4 226.8 214.0 179.8 184.5 157.2 127.9
Growth +2.6% +10.5% −8.3% −5.7% −15.9% +2.6% −14.8% −18.6%
54.3 53.9 56.4 52.2 49.1 52.5 48.6 24.1 17.4
116.1 113.9 128.6 117.1 111.8 114.9 120.0 123.2 143.5
37.0 35.1 41.4 15.2 −68.3 −33.8 −14.7 −79.9 −139.1
Growth −5.3% +18.1% −63.4% −550.1%
25.5 24.6 28.9 9.3 −75.0 −37.1 −30.8 −100.3 −155.4
9.7 −5.1 3.9 2.3 −1.5 −4.0 −3.9 −0.3 −0.1
15.8 29.8 25.0 7.0 −73.5 −33.1 −26.9 −100.0 −155.3
Growth +88.1% −15.9% −72.0% −1,146.7%
Per share
0.68 1.25 1.04 0.28 −2.86 −1.63 −1.21 −4.70 −6.95
0.67 1.24 1.03 0.28 −2.86 −1.63 −1.21 −4.70 −6.95
Growth +85.1% −16.9% −72.8% −1,121.4%
23.4 23.8 24.1 24.8 25.7 26.5 28.0 28.8 29.4
23.5 24.0 24.3 24.9 25.7 26.5 28.0 28.8 29.4
Growth +2.3% +1.1% +2.5% +3.2% +3.2% +5.6% +2.8% +2.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 4.1% a year over five years.
  • The diluted share count rose 18.1% in five years, which is dilution.
  • Operating margin is down 30.3 points on five years ago, at -27.8%.
  • A net loss in 5 of 9 years on file.