Anterix Inc. key statistics and ratios

In fiscal 2026, Anterix Inc. had return on equity of 43.3%, an operating margin of 1444.9%, debt equal to 0.0% of equity and a current ratio of 3.33. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Anterix Inc.: financial ratios, annual
Fiscal year	2013Mar 2013	2014Mar 2014	2015Mar 2015	2016Mar 2016	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Gross margin	70.1%	68.2%	66.5%	2.1%	−47.3%	−24.3%	−11.6%	−81.1%	−74.4%	99.5%	100.0%	—	—	—	—
Operating margin	−36.8%	−25.0%	−446.5%	−618.8%	−684.8%	−499.2%	−657.6%	<−999%	<−999%	<−999%	−857.8%	−241.5%	−194.2%	>999%	>999%
Net margin	−44.9%	−34.2%	−463.9%	−615.9%	−818.6%	−386.6%	−646.1%	<−999%	<−999%	<−999%	−850.3%	−217.8%	−188.6%	>999%	933.0%
Free-cash-flow margin	−27.4%	−23.1%	−66.0%	−814.6%	−587.9%	−360.9%	−366.4%	<−999%	<−999%	>999%	<−999%	994.7%	−486.7%	84.3%	151.0%
Return on equity	—	—	−14.0%	−9.2%	−16.0%	−11.2%	−21.5%	−17.7%	−23.8%	−18.8%	−8.9%	−5.4%	−7.2%	43.3%	24.0%
Return on assets	—	−150.9%	−12.9%	−8.7%	−15.1%	−10.5%	−20.1%	−16.2%	−20.9%	−14.1%	−5.9%	−3.0%	−3.5%	22.7%	13.6%
Asset turnover	—	4.41	0.03	0.01	0.02	0.03	0.03	0.01	0.00	0.00	0.01	0.01	0.02	0.02	0.01
Current ratio	—	1.17	16.83	30.61	26.63	19.18	8.86	16.11	14.05	12.01	1.86	4.07	2.23	3.33	4.85
Debt to equity	—	—	0.0%	0.4%	0.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	—	n/m	n/m	n/m	n/m	n/m	—	—	—	—	—	—	—	—	—
Effective tax rate	—	—	—	—	—	—	—	—	—	—	—	—	—	5.3%	10.5%
R&D as % of revenue	25.9%	26.4%	31.6%	37.3%	48.4%	37.0%	35.2%	188.8%	471.6%	331.5%	231.3%	135.9%	95.1%	72.3%	68.2%
Capital spending as % of revenue	0.6%	0.9%	200.1%	256.1%	34.3%	14.9%	11.1%	29.7%	25.0%	97.1%	110.8%	7.3%	1.4%	0.5%	1.0%
Free cash flow ÷ net income	—	—	—	—	—	—	—	—	—	—	—	—	—	6.0%	16.2%
Dividends and buybacks ÷ free cash flow	—	—	—	—	—	—	—	—	—	88.7%	—	59.2%	—	18.1%	—

US$ thousands unless shown otherwise. Fiscal quarters.

Anterix Inc.: financial ratios, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Operating margin	−846.6%	449.0%	676.5%	>999%	>999%	−576.0%	>999%	−12.6%
Net margin	−823.1%	492.3%	662.9%	>999%	>999%	−419.6%	945.9%	12.3%
Free-cash-flow margin	−173.4%	−491.6%	<−999%	−221.4%	90.5%	−526.4%	791.5%	102.6%
Current ratio	3.59	1.65	2.23	1.54	1.70	1.39	3.33	4.85
R&D as % of revenue	114.5%	71.5%	78.4%	79.0%	78.1%	70.2%	64.7%	62.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 2 checks passed · June 30, 2026

What it owns · $498m

Short-term assets $153mLonger-term assets $345m

What it owes, and who funded it · $498m

Short-term liabilities $32mLonger-term liabilities $181mShareholders' equity $286m

Short-term assets cover short-term liabilities $153m of assets due within a year against $32m of liabilities due within a year.
Short-term assets cover long-term liabilities $153m short-term assets against $181m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Anterix Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

12 /100

Weak moat

How hard Anterix's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 0 / 20

Cash operating profit has been a median -13.1% of total assets over 6 years.
Pricing power 0 / 20

Gross margin has been a median -17.9%, moving by 53.5 percentage points (standard deviation) across 8 years.
Durability 10 / 20

Operating margin has been a median -562.3%; its worst year was -6081.0%.
Cash conversion 3 / 20

Free cash flow was positive in 3 of 10 years, at a median -496.1% of revenue.
Discipline 4 / 20

The diluted share count rose 8.2% over five years; stock-based pay has been a median 260.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (17 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Anterix Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Anterix Inc.