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Aviat Networks AVNW Invested capital

Discontinued — last reported Q3 '26

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Other financials

Income statement

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Revenue$100.0M-11.2%
Gross profit$29.3M-25.5%
Operating income$939.0K-89.9%
Net income-$2.1M-159%
EPS (diluted)-$0.16-159%

Balance sheet

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Cash & equivalents$80.2M+55.3%
Total debt$106.7M+37.7%
Total equity$271.8M+6.1%
Total assets$616.5M-1.9%

Cash flow

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Operating cash flow$23.9M
CapEx$3.7M+31.8%
Free cash flow$22.5M

Valuation

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Market cap$287.26M-10.2%
Enterprise value$313.68M-10.0%
P/E31.9×-207×
P/S0.7×-0.1×

Profitability

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Gross margin32.4%0.0pp
Operating margin5.1%+3.5pp
Net margin2.1%+1.7pp
FCF margin-0.4%-0.2pp

Returns & leverage

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Return on equity3.4%+2.8pp
Debt / equity0.4×+0.1×
Current ratio+0.4×

Where this comes from

Calculated from Aviat Networks’s reported figures.

The official record: Aviat Networks’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aviat Networks's invested capital?
Aviat Networks (AVNW) reported invested capital of $298.2M in Q1 2026.
How has Aviat Networks's invested capital changed year-over-year?
Aviat Networks's invested capital increased by 5.8% year-over-year, from $281.93M to $298.2M.
What is the long-term trend for Aviat Networks's invested capital?
Over 4 years (2021 to 2025), Aviat Networks's invested capital has grown at a 20.4% compound annual growth rate (CAGR), from $139.13M to $292.09M.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).