Extreme Networks vs Vistance Networks
Vistance Networks reported revenue of $1.9 billion in fiscal 2025, 1.5 times Extreme Networks' $1.3 billion in fiscal 2026. Extreme Networks' revenue grew 12.6% in its latest year, and Vistance Networks' grew 39.7%. Extreme Networks had an operating margin of 4.9%, against 2.5% at Vistance Networks. Free cash flow was $95 million at Extreme Networks and $253 million at Vistance Networks. Their fiscal years end in different months (June 30 and December 31), so the periods don't line up exactly.
Side by side
| Extreme Networks | Vistance Networks | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 30, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $1.3B | $1.9B |
| Revenue growth | 12.6% | 39.7% |
| Revenue growth a year, last 5 years | 4.9% | −25.5% |
| Gross margin | 61.5% | 49.5% |
| Operating margin | 4.9% | 2.5% |
| Net margin | 3.3% | 118.2% |
| Free cash flow | $95M | $253M |
| Free cash flow margin | 7.4% | 13.1% |
| Return on capital | — | 0.9% |
| Net debt to EBITDA | −0.6x | 20.0x |
| Dividends and buybacks | $87M | $0M |
| Change in diluted share count | 2.0% | 7.3% |
| Last close | $24.03 | $5.50 |
| P/E at the last close | 61.6× | — |
| Insider trades, last 12 months | sold $26.0 million | bought $107,500, sold $1.3 million |
| Piotroski F-score | 7 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ 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
Extreme NetworksVistance Networks
Operating margin
Percent of revenue
Extreme NetworksVistance Networks
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Extreme NetworksVistance Networks
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 Extreme Networks and Vistance Networks pages.