Airgain vs Silicom
Silicom is the larger business, with $61.9m of revenue in fiscal 2025 against $51.8m for Airgain (1.2 times as much). Silicom grew faster (6.6% against -14.6%). Airgain kept more of each dollar of sales as profit: a net margin of -12.4% against -18.5%. Airgain carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | AirgainAIRG, 2025 | SilicomSILC, 2025 |
|---|---|---|
| Revenue | $51.8m | $61.9m |
| Revenue growth | -14.6% | 6.6% |
| Net income | −$6.4m | −$11.5m |
| Operating margin | -16.4% | -19.8% |
| Net margin | -12.4% | -18.5% |
| Return on equity | -21.7% | -9.4% |
| Free cash flow | −$1.3m | −$3.3m |
| Cash | $7.4m | $35.2m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $1.7m |
| Employees | 106 | — |
| Market value | $54.9m | $180m |
| Price vs our value range | — | Within our value range |
| Moat score | 34 (Weak) | 25 (Weak) |
| Insider trades, 12 months | 3 buys, 26 sales | 0 buys, 15 sales |