Adtran Holdings vs Netscout Systems
Adtran Holdings is the larger business, with $1.08bn of revenue in fiscal 2025 against $859m for Netscout Systems (1.3 times as much). Adtran Holdings grew faster (17.5% against 4.5%). Netscout Systems kept more of each dollar of sales as profit: a net margin of 11.1% against -4.2%. Netscout Systems carries less debt relative to equity (0.0% against 132.4%).
| Latest fiscal year | Adtran HoldingsADTN, 2025 | Netscout SystemsNTCT, 2026 |
|---|---|---|
| Revenue | $1.08bn | $859m |
| Revenue growth | 17.5% | 4.5% |
| Net income | −$45.7m | $95.5m |
| Operating margin | -1.4% | 12.8% |
| Net margin | -4.2% | 11.1% |
| Return on equity | -33.5% | 6.0% |
| Free cash flow | $98.0m | $285m |
| Cash | $95.7m | $586m |
| Total debt | $193m | $0 |
| Debt to equity | 132.4% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $60.8m |
| Employees | 3,338 | 2,073 |
| Market value | $418m | $2.77bn |
| Price vs our value range | — | Within our value range |
| Moat score | 51 (Moderate) | 59 (Moderate) |
| Insider trades, 12 months | 4 buys, 5 sales | 0 buys, 18 sales |