Ondas vs Vuzix
Ondas reported revenue of $51 million in fiscal 2025, 8.0 times Vuzix's $6 million in fiscal 2025. Ondas' revenue grew 605.3% in its latest year, and Vuzix's grew 9.1%. Ondas had an operating margin of -115.1%, against -517.6% at Vuzix. Free cash flow was −$41 million at Ondas and −$21 million at Vuzix.
Side by side
| Ondas | Vuzix | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $51M | $6M |
| Revenue growth | 605.3% | 9.1% |
| Revenue growth a year, last 5 years | 87.3% | −11.5% |
| Gross margin | 39.7% | −16.9% |
| Operating margin | −115.1% | −517.6% |
| Net margin | −260.7% | −513.9% |
| Free cash flow | −$41M | −$21M |
| Free cash flow margin | −80.4% | −331.2% |
| Return on capital | — | −226.9% |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 217.2% | 14.4% |
| Last close | $5.33 | $1.90 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $44.3 million | — |
| Piotroski F-score | 4 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ 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
OndasVuzix
Operating margin
Percent of revenue
OndasVuzix
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
OndasVuzix