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CMTL Financials COMTECH TELECOMMUNICATIONS CORP /DE/

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 4.1% per year over the past 5 years.
  • Operating margin has contracted, at -27.8% in the latest year.

Financial health

  • Total debt ($118M) exceeds cash ($40M); net debt is $78M.
  • Total debt has grown in line with revenue (-4.5% vs -4.1% per year).
  • Operating income covered interest expense -3.0× in the latest year, down from 2.5× 5 years ago.
  • The company is unprofitable; at its current free-cash-flow burn it has roughly 2.4 years of cash runway.

Shareholder returns

  • Dividends have been paid for 15 consecutive years.
  • The dividend has declined 56.4% per year over the past 5 years.
Revenue & net income
-$155M $258M $672M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-31% 5% 42% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$68M $11M $90M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $279M $559M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$286M -$50M $187M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $500M -$155M 25.6% -27.8% -$17M $118M $40M
2024 $540M -$100M 29.1% -14.8% -$68M $178M $32M
2023 $550M -$27M 33.5% -2.7% -$23M $164M $19M
2022 $486M -$33M 37.0% -6.9% -$18M $130M $22M
2021 $582M -$73M 36.8% -11.7% -$57M $201M $31M
2020 $617M $7M 36.8% 2.5% $46M $150M $48M
2019 $672M $25M 36.8% 6.2% $59M $165M $46M
2018 $571M $30M 39.2% 6.1% $42M $165M $43M
2017 $550M $16M 39.6% 6.7% $59M $192M $42M
2016 $411M -$8M 41.7% -0.1% $9M $251M $67M
2015 — $23M — — $18M $0 $151M
2014 — $25M — — $30M — $155M
2013 — $18M — — $32M — $357M
2012 — $32M — — $47M — $368M
2011 — $68M — — $90M — $559M

Valuation over time

How the market has priced CMTL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 0.4 0.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 7.7 15.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is CMTL growing its revenue and profit?

Over the past 5 years, COMTECH TELECOMMUNICATIONS CORP /DE/'s revenue has declined 4.1% per year. These are computed facts, not advice.

How much debt does CMTL have?

As of FY2025, COMTECH TELECOMMUNICATIONS CORP /DE/ reported $118M of total debt against $40M of cash; operating income covered interest expense -3.0×.

What is CMTL's profit margin?

In FY2025, gross margin was 25.6%, operating margin -27.8%, and net margin -31.1%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.