Viavi Solutions vs Vistance Networks
Vistance Networks reported revenue of $1.9 billion in fiscal 2025, 1.3 times Viavi Solutions' $1.5 billion in fiscal 2026. Viavi Solutions' revenue grew 40.0% in its latest year, and Vistance Networks' grew 39.7%. Viavi Solutions had an operating margin of 6.9%, against 2.5% at Vistance Networks. Free cash flow was $83 million at Viavi Solutions and $253 million at Vistance Networks. Their fiscal years end in different months (June 27 and December 31), so the periods don't line up exactly.
Side by side
| Viavi Solutions | Vistance Networks | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 27, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $1.5B | $1.9B |
| Revenue growth | 40.0% | 39.7% |
| Revenue growth a year, last 5 years | 4.8% | −25.5% |
| Gross margin | 57.7% | 49.5% |
| Operating margin | 6.9% | 2.5% |
| Net margin | −2.0% | 118.2% |
| Free cash flow | $83M | $253M |
| Free cash flow margin | 5.5% | 13.1% |
| Return on capital | 4.3% | 0.9% |
| Net debt to EBITDA | −0.1x | 20.0x |
| Dividends and buybacks | $30M | $0M |
| Change in diluted share count | 1.7% | 7.3% |
| Last close | $28.47 | $5.50 |
| P/E at the last close | 109.5× | — |
| Insider trades, last 12 months | sold $59.5 million | bought $107,500, sold $1.3 million |
| Piotroski F-score | 6 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ 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
Viavi SolutionsVistance Networks
Operating margin
Percent of revenue
Viavi SolutionsVistance Networks
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Viavi SolutionsVistance 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 Viavi Solutions and Vistance Networks pages.