A Business at a Glance
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COMTECH TELECOMMUNICATIONS CORP /DE/
CMTL
$51M
Mkt Cap
$1.73
-1.70%
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) has a 5-year average return on invested capital (ROIC) of -21.4%. This is below average and may indicate limited pricing power.
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) has a market capitalization of $77M. It is classified as a small-cap stock.
Yes, COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) pays a dividend with a trailing twelve-month yield of 0.04%.
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) operates in the Radio & Tv Broadcasting & Communications Equipment industry, within the Industrials sector.
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) reported annual revenue of $500 million in its most recent fiscal year, based on SEC EDGAR filings.
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) has a net profit margin of -40.9%. The company is currently unprofitable.
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) generated $-17 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Note: As used in this Annual Report on Form 10-K ("Form 10-K"), the terms "Comtech," "we," "us," "our" and "our Company" mean Comtech Telecommunications Corp. and its subsidiaries. Cautionary Note Regarding Forward-Looking Statements Certain information in this Form 10-K contains, and oral statements made by our representatives from time to time may contain, forward-looking statements. Forward-looking statements can be identified by words such as: "anticipate," "believe," "continue," "could," "estimate," "expect," "future," "goal," "outlook," "intend," "likely," "may," "plan," "potential," "predict," "project," "seek," "should," "strategy," "target," "will," "would," and similar references to future periods, or the negative of those words and expressions, as well as statements in future tense.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 475M | 500M | 540M | 550M | 486M | 582M |
| Net Income | -66M | -204M | -135M | -34M | -43M | -73M |
| EPS | $-1.48 | $-6.95 | $-4.70 | $-1.21 | $-1.63 | $-2.86 |
| Free Cash Flow | 15M | -17M | -68M | -23M | -18M | -57M |
| ROIC | -2.0% | -58.7% | -25.2% | -5.7% | -6.7% | -10.5% |
| Gross Margin | 32.1% | 25.6% | 29.1% | 33.5% | 37.0% | 36.8% |
| Debt/Equity | 1.70 | 1.13 | 0.57 | 0.38 | 0.28 | 0.40 |
| Dividends/Share | $0.00 | $0.01 | $0.01 | $0.31 | $0.40 | $0.40 |
| Operating Income | -3.7M | -139M | -80M | -15M | -34M | -68M |
| Operating Margin | -0.8% | -27.8% | -14.8% | -2.7% | -6.9% | -11.7% |
| ROE | -100.6% | -99.5% | -36.4% | -7.5% | -8.9% | -14.0% |
| Shares Outstanding | 45M | 29M | 29M | 28M | 27M | 26M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 347M | 307M | 411M | 550M | 571M | 672M | 617M | 582M | 486M | 550M | 540M | 500M | 475M |
| Gross Margin | 43.6% | 45.2% | 41.7% | 39.6% | 39.2% | 36.8% | 36.8% | 36.8% | 37.0% | 33.5% | 29.1% | 25.6% | 32.1% |
| R&D | 34M | 36M | 42M | 54M | 54M | 56M | 52M | 49M | 53M | 49M | 24M | 17M | 18M |
| SG&A | 67M | 63M | 95M | 116M | 114M | 129M | 117M | 112M | 115M | 120M | 123M | 143M | 116M |
| EBIT | 44M | 34M | -576K | 37M | 35M | 41M | 15M | -68M | -34M | -15M | -80M | -139M | -3.7M |
| Op. Margin | 12.6% | 11.1% | -0.1% | 6.7% | 6.1% | 6.2% | 2.5% | -11.7% | -6.9% | -2.7% | -14.8% | -27.8% | -0.8% |
| Net Income | 25M | 23M | -7.7M | 16M | 30M | 25M | 7.0M | -73M | -43M | -34M | -135M | -204M | -66M |
| Net Margin | 7.2% | 7.6% | -1.9% | 2.9% | 5.2% | 3.7% | 1.1% | -12.6% | -8.9% | -6.2% | -25.1% | -40.9% | -13.9% |
| Non-Recurring | 2.9M | 2.8M | 2.8M | 3.0M | 5.5M | 5.9M | 1.6M | 4.1M | 310K | 3.8M | 66M | 126M | 68M |
| Returns on Capital | |||||||||||||
| ROIC | 20.1% | 9.5% | -0.1% | 3.6% | 5.6% | 5.7% | 1.8% | -10.5% | -6.7% | -5.7% | -25.2% | -58.7% | -2.0% |
| ROE | 6.3% | 5.8% | -1.8% | 3.3% | 6.0% | 4.8% | 1.3% | -14.0% | -8.9% | -7.5% | -36.4% | -99.5% | -100.6% |
| ROA | 4.4% | 4.9% | -1.1% | 1.8% | 3.5% | 2.9% | 0.8% | -7.6% | -4.4% | -3.4% | -14.2% | -24.7% | -9.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 35M | 22M | 15M | 67M | 50M | 68M | 53M | -41M | 2.0M | -4.4M | -54M | -8.3M | 27M |
| Free Cash Flow | 30M | 18M | 9.4M | 59M | 42M | 59M | 46M | -57M | -18M | -23M | -68M | -17M | 15M |
| Owner Earnings | 17M | 4.6M | -12M | 21M | 32M | 52M | 37M | -54M | -13M | -26M | -70M | -23M | -121M |
| CapEx | 4.9M | 3.4M | 5.7M | 8.1M | 8.6M | 8.8M | 7.2M | 16M | 20M | 18M | 13M | 8.6M | 12M |
| Maint. CapEx | 13M | 13M | 23M | 37M | 14M | 12M | 11M | 9.4M | 10M | 12M | 12M | 12M | 147M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.7M | 9.3M | 6.4M | 924K | 0 | 0 |
| D&A | 13M | 13M | 23M | 37M | 14M | 12M | 11M | 9.4M | 10M | 12M | 12M | 12M | 147M |
| CapEx/OCF | 14.3% | 15.5% | 37.9% | 12.2% | 17.2% | 12.9% | 13.7% | N/A | 982.4% | N/A | N/A | N/A | 45.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 19M | 19M | 19M | 19M | 9.5M | 9.8M | 10M | 10M | 11M | 8.7M | 268K | 158K | 29K |
| Dividend Yield | 4.4% | 4.5% | 6.5% | 6.8% | 1.8% | 1.6% | 1.7% | 2.0% | 2.2% | 2.6% | 0.1% | 0.2% | 0.0% |
| Share Buybacks | 71M | 5.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 14.4% | 1.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 4.3M | 4.4M | 4.1M | 8.5M | 4.3M | 3.9M | 4.9M | 4.0M | 4.6M | 10M | 3.1M | 3.1M | 551K |
| Debt Repayment | 150M | 0 | 1.8M | 3.6M | 2.8M | 1.9M | 16M | 0 | 0 | 1.9M | 49M | 57M | 57M |
| Balance Sheet | |||||||||||||
| Net Debt | -159M | -154M | 184M | 150M | 122M | 119M | 102M | 170M | 108M | 145M | 142M | 78M | 79M |
| Cash & Equiv. | 155M | 151M | 67M | 42M | 43M | 46M | 48M | 31M | 22M | 19M | 32M | 40M | 33M |
| Long-Term Debt | N/A | 0 | 240M | 176M | 148M | 165M | 150M | 201M | 130M | 160M | 170M | 114M | 108M |
| Debt/Equity | 0.00 | 0.00 | 0.53 | 0.40 | 0.33 | 0.31 | 0.27 | 0.40 | 0.28 | 0.38 | 0.57 | 1.13 | 1.70 |
| Interest Coverage | 7.0 | 71.1 | -0.1 | 3.2 | 3.4 | 4.5 | 2.5 | -10.0 | -6.7 | -1.0 | -3.6 | -3.0 | -3.0 |
| Equity | 397M | 401M | 470M | 480M | 506M | 535M | 549M | 501M | 467M | 438M | 306M | 104M | 66M |
| Total Assets | 474M | 474M | 921M | 832M | 845M | 888M | 930M | 993M | 974M | 996M | 912M | 741M | 704M |
| Total Liabilities | 77M | 72M | 451M | 352M | 339M | 353M | 380M | 492M | 403M | 446M | 426M | 447M | 438M |
| Intangibles | 26M | 20M | 285M | 262M | 241M | 262M | 258M | 269M | 247M | 226M | 195M | 173M | 163M |
| Retained Earnings | 409M | 413M | 384M | 385M | 405M | 420M | 417M | 333M | 279M | 239M | 104M | -6.9M | -36M |
| Working Capital | 225M | 236M | 119M | 97M | 114M | 135M | 117M | 84M | 70M | 94M | 153M | 112M | 98M |
| Current Assets | 291M | 301M | 304M | 241M | 280M | 280M | 277M | 287M | 263M | 305M | 337M | 270M | 242M |
| Current Liabilities | 66M | 64M | 184M | 144M | 165M | 145M | 160M | 204M | 193M | 212M | 184M | 158M | 143M |
| Per Share Data | |||||||||||||
| EPS | 1.37 | 1.42 | -0.46 | 0.67 | 1.24 | 1.03 | 0.28 | -2.86 | -1.63 | -1.21 | -4.70 | -6.95 | -1.48 |
| Owner EPS | 0.94 | 0.28 | -0.73 | 0.90 | 1.35 | 2.15 | 1.49 | -2.10 | -0.49 | -0.94 | -2.42 | -0.79 | -2.70 |
| Book Value | 21.62 | 24.52 | 27.96 | 20.33 | 21.06 | 22.01 | 21.91 | 19.49 | 17.58 | 15.64 | 10.63 | 3.55 | 1.47 |
| Cash Flow/Share | 1.88 | 1.33 | 0.90 | 2.83 | 2.10 | 2.80 | 2.10 | -1.58 | 0.08 | -0.16 | -1.89 | -0.28 | 1.81 |
| Dividends/Share | 1.18 | 1.20 | 1.20 | 0.60 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.31 | 0.01 | 0.01 | 0.00 |
| Shares Out. | 18.4M | 16.4M | 16.8M | 23.6M | 24.0M | 24.3M | 25.1M | 25.7M | 26.5M | 28.0M | 28.8M | 29.4M | 44.7M |
| Valuation | |||||||||||||
| P/E Ratio | 19.6 | 15.7 | N/A | 24.1 | 24.5 | 26.0 | 54.2 | N/A | N/A | N/A | N/A | N/A | -1.2 |
| P/FCF | 16.6 | 19.9 | 20.9 | 6.5 | 17.5 | 11.0 | 8.4 | N/A | N/A | N/A | N/A | N/A | 5.3 |
| EV/EBIT | N/A | 6.3 | N/A | 14.4 | 24.3 | 18.6 | 31.8 | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 1.2 | 0.9 | 0.4 | 0.8 | 1.4 | 1.2 | 0.7 | 1.2 | 0.6 | 0.6 | 0.3 | 0.6 | 1.2 |
| Price/Sales | 1.2 | 1.4 | 0.7 | 0.5 | 1.0 | 0.9 | 1.0 | 0.9 | 1.0 | 0.6 | 0.4 | 0.2 | 0.2 |
| FCF Yield | 6.0% | 5.0% | 4.8% | 15.4% | 5.7% | 9.1% | 12.0% | -9.3% | -5.9% | -8.1% | -69.0% | -25.0% | 18.8% |
| Market Cap | 492M | 366M | 196M | 382M | 730M | 652M | 381M | 610M | 298M | 282M | 98M | 67M | 77M |
| Avg. Price | 23.25 | 26.09 | 17.66 | 11.76 | 22.62 | 25.04 | 24.18 | 20.26 | 18.75 | 11.72 | 6.63 | 2.70 | 1.73 |
| Year-End Price | 26.81 | 22.34 | 11.66 | 16.18 | 30.39 | 26.82 | 15.18 | 23.74 | 11.22 | 10.06 | 3.40 | 2.29 | 1.73 |
COMTECH TELECOMMUNICATIONS CORP /DE/ passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 4.2x vs a median of 11.0x. The company's 5-year average gross margin is 32.4%. At current prices, the estimated annualized return to fair value is -26.0%.
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) has a debt-to-equity ratio of 1.13. This indicates moderate leverage.
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) reported earnings per share (EPS) of $-6.95 in its most recent fiscal year.
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) has a return on equity (ROE) of -99.5%. A negative ROE may indicate losses or negative equity.
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) has a 5-year average gross margin of 32.4%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) has a book value per share of $3.55, based on its most recent annual SEC filing.
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