The Filing Desk

Adtran vs Netgear

Adtran ADTN · Netgear NTGR · Communications Equipment

Adtran reported revenue of $1.1 billion in fiscal 2025, 1.5 times Netgear's $700 million in fiscal 2025. Adtran's revenue grew 17.5% in its latest year, and Netgear's grew 3.8%. Adtran had an operating margin of -1.4%, against -4.9% at Netgear. Free cash flow was $98 million at Adtran and −$19 million at Netgear.

Side by side

AdtranNetgear
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.1B$700M
Revenue growth17.5%3.8%
Revenue growth a year, last 5 years16.4%−11.0%
Gross margin38.3%38.0%
Operating margin−1.4%−4.9%
Net margin−4.2%−2.6%
Free cash flow$98M−$19M
Free cash flow margin9.0%−2.7%
Return on capital——
Net debt to EBITDA1.3x—
Dividends and buybacks$0M$51M
Change in diluted share count1.0%−3.6%
Last close$4.04$18.88
P/E at the last close——
Insider trades, last 12 monthsbought $499,754, sold $2.5 millionsold $551,629
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
AdtranNetgear
Operating margin
Percent of revenue
AdtranNetgear
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AdtranNetgear

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Adtran and Netgear pages.