The Filing Desk

Aviat Networks vs Digi International

Aviat Networks AVNW · Digi International DGII · Communications Equipment

Aviat Networks reported revenue of $440 million in fiscal 2026, about the same as Digi International's $430 million in fiscal 2025. Aviat Networks' revenue grew 1.2% in its latest year, and Digi International's grew 1.5%. Aviat Networks had an operating margin of 4.4%, against 13.1% at Digi International. Free cash flow was $6 million at Aviat Networks and $105 million at Digi International. Their fiscal years end in different months (July 3 and September 30), so the periods don't line up exactly.

Side by side

Aviat NetworksDigi International
Latest fiscal yearFY2026, Jul 3, 2026FY2025, Sep 30, 2025
Revenue$440M$430M
Revenue growth1.2%1.5%
Revenue growth a year, last 5 years9.8%9.0%
Gross margin31.4%62.9%
Operating margin4.4%13.1%
Net margin0.6%9.5%
Free cash flow$6M$105M
Free cash flow margin1.4%24.5%
Return on capital3.3%6.3%
Net debt to EBITDA1.1x1.5x
Dividends and buybacks$0M$7M
Change in diluted share count1.6%2.0%
Last close$17.66$63.21
P/E at the last close92.9×50.2×
Insider trades, last 12 monthssold $1.2 millionsold $11.2 million
Piotroski F-score5 of 96 of 9
Amounts in each company's own currency, US$ 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
Aviat NetworksDigi International
Operating margin
Percent of revenue
Aviat NetworksDigi International
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Aviat NetworksDigi International

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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 Aviat Networks and Digi International pages.