Lantronix vs Ondas
Lantronix reported revenue of $121 million in fiscal 2026, 2.4 times Ondas' $51 million in fiscal 2025. Lantronix's revenue fell 1.6% in its latest year, and Ondas' grew 605.3%. Lantronix had an operating margin of -3.4%, against -115.1% at Ondas. Free cash flow was $9 million at Lantronix and −$41 million at Ondas. Their fiscal years end in different months (June 30 and December 31), so the periods don't line up exactly.
Side by side
| Lantronix | Ondas | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 30, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $121M | $51M |
| Revenue growth | −1.6% | 605.3% |
| Revenue growth a year, last 5 years | 11.1% | 87.3% |
| Gross margin | 43.8% | 39.7% |
| Operating margin | −3.4% | −115.1% |
| Net margin | −3.5% | −260.7% |
| Free cash flow | $9M | −$41M |
| Free cash flow margin | 7.7% | −80.4% |
| Return on capital | −5.1% | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 4.0% | 217.2% |
| Last close | $5.17 | $5.33 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $77,700, sold $89,840 | sold $44.3 million |
| Piotroski F-score | 7 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ 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
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Operating margin
Percent of revenue
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Free cash flow
US$ billions. Cash from operations minus capital expenditure.
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