Comtech Telecommunications Corp key statistics and ratios

In fiscal 2026, Comtech Telecommunications Corp had return on equity of -50.5% and a net margin of -14.5%. 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.

Comtech Telecommunications Corp: financial ratios, annual
Fiscal year	2010Jul 2010	2011Jul 2011	2012Jul 2012	2013Jul 2013	2014Jul 2014	2015Jul 2015	2016Jul 2016	2017Jul 2017	2018Jul 2018	2019Jul 2019	2020Jul 2020	2021Jul 2021	2022Jul 2022	2023Jul 2023	2024Jul 2024	2025Jul 2025	2026Jul 2026
Net margin	7.8%	11.1%	7.6%	5.6%	7.2%	7.6%	−1.9%	2.9%	5.2%	3.7%	1.1%	−12.6%	−6.8%	−4.9%	−18.5%	−51.6%	−14.5%
Return on equity	8.6%	10.2%	6.1%	4.3%	6.3%	5.8%	−1.8%	3.3%	6.0%	4.8%	1.3%	−14.0%	−6.8%	−5.9%	−26.9%	−75.6%	−50.5%
Return on assets	5.7%	6.8%	3.9%	2.5%	4.4%	4.9%	−1.1%	1.8%	3.5%	2.9%	0.8%	−7.6%	−3.4%	−2.7%	−11.2%	−20.2%	−5.0%
Effective tax rate	37.7%	33.3%	26.4%	35.2%	34.7%	31.6%	—	37.9%	−20.9%	13.4%	24.6%	—	—	—	—	—	—
R&D as % of revenue	5.9%	7.1%	9.1%	11.5%	9.8%	11.7%	10.3%	9.9%	9.4%	8.4%	8.5%	8.4%	10.8%	8.8%	4.5%	3.9%	4.6%
SG&A as % of revenue	12.8%	15.4%	20.5%	19.8%	19.3%	20.4%	23.1%	21.1%	20.0%	19.1%	19.0%	19.2%	23.6%	21.8%	22.8%	29.3%	35.2%
Dividends ÷ net income	0.0%	29.7%	69.8%	106.0%	74.3%	83.6%	—	119.2%	32.0%	39.1%	142.7%	—	—	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Comtech Telecommunications Corp: financial ratios, quarterly
Quarter	2025 Q1Oct 2024	2025 Q2Jan 2025	2025 Q3Apr 2025	2025 Q4Jul 2025	2026 Q1Oct 2025	2026 Q2Jan 2026	2026 Q3Apr 2026	2026 Q4Jul 2026
Net margin	−128.2%	−38.5%	26.8%	—	−14.3%	−12.8%	−3.3%	—
R&D as % of revenue	3.2%	3.4%	3.5%	—	3.4%	4.1%	4.9%	—
SG&A as % of revenue	44.6%	26.7%	23.8%	—	27.0%	25.9%	27.7%	—

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 3 checks passed · July 31, 2026

What it owns · $696m

Short-term assets $243mLonger-term assets $453m

What it owes, and who funded it · $474m

Short-term liabilities $291mLonger-term liabilities $144mShareholders' equity $39m

Short-term assets cover short-term liabilities $243m of assets due within a year against $291m of liabilities due within a year.
Short-term assets cover long-term liabilities $243m short-term assets against $144m 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 Operating income of −$18m against $21m of interest.

From Comtech Telecommunications Corp'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

48 /100

Moderate moat

How hard Comtech Telecommunications'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 14 / 20

Cash operating profit has been a median 10.8% of total assets over 10 years.
Pricing power 12 / 20

Gross margin has been a median 36.8%, moving by 3.3 percentage points (standard deviation) across 10 years.
Durability 10 / 20

Operating margin has been a median -4.8%; its worst year was -14.8%.
Cash conversion 6 / 20

Free cash flow was positive in 5 of 10 years, at a median 1.8% of revenue.
Discipline 11 / 20

The diluted share count rose 16.2% over five years; stock-based pay has been a median 1.5% 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 (52 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 Comtech Telecommunications Corp'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 Comtech Telecommunications Corp.