Adtran Holdings vs Extreme Networks
Extreme Networks is the larger business, with $1.28bn of revenue in fiscal 2026 against $1.08bn for Adtran Holdings (1.2 times as much). Adtran Holdings grew faster (17.5% against 12.6%). Extreme Networks kept more of each dollar of sales as profit: a net margin of 3.3% against -4.2%. Adtran Holdings carries less debt relative to equity (132.4% against 186.3%).
| Latest fiscal year | Adtran HoldingsADTN, 2025 | Extreme NetworksEXTR, 2026 |
|---|---|---|
| Revenue | $1.08bn | $1.28bn |
| Revenue growth | 17.5% | 12.6% |
| Net income | −$45.7m | $42.1m |
| Operating margin | -1.4% | 4.9% |
| Net margin | -4.2% | 3.3% |
| Return on equity | -33.5% | 54.6% |
| Free cash flow | $98.0m | $95.2m |
| Cash | $95.7m | $212m |
| Total debt | $193m | $165m |
| Debt to equity | 132.4% | 186.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $87.0m |
| Employees | 3,338 | — |
| Market value | $418m | $3.03bn |
| Price vs our value range | — | Above our value range |
| Moat score | 51 (Moderate) | 58 (Moderate) |
| Insider trades, 12 months | 4 buys, 5 sales | 0 buys, 33 sales |