Start here if you're new
what it is
Comtech builds satellite and emergency-calling gear that helps networks, spacecraft, and public-safety teams keep talking.
how it gets paid
Last year Comtech Telecomm made $500M in revenue. Satellite ground station technologies was the main engine at $0.19B, or 38% of sales.
why growth slowed
Revenue fell 7.6% last year. Revenue fell 4% from a year earlier. EPS improved 87% vs. prior year.
what just happened
Comtech posted $111M in quarterly revenue, and the loss per share was still $0.67.
At a glance
C balance sheet — red flag territory — real financial stress
20/100 earnings predictability — expect surprises
-$6.95 fy2025 eps est
$2B fy2026 rev est
27.8% operating margin
xvary composite: 31/100 — weak
What they do
Comtech builds satellite and emergency-calling gear that helps networks, spacecraft, and public-safety teams keep talking.
Comtech sells gear that has to work, not gear that gets applause. Your 911 call and your satellite link both punish failure, and 1,385 employees keep that machinery running. Mission-critical means must work; so what is simple: replacement is slow when the old system already works.
How they make money
$500M
annual revenue · their business grew -7.6% last year
Satellite ground station technologies
$0.19B
Next-gen 911 solutions
$0.14B
Satellite communications and tracking antennas
$0.09B
Services and system integration
$0.08B
The products that matter
satellite communications equipment
Satellite & Space
$107M segment figure
this bucket carries a reported $107M figure in the snapshot data. that tells you space and satellite systems still matter, even if the segment detail here is not cleanly reconciled.
core connectivity
public safety and location
Public Safety & Location
$107M segment figure
this segment also shows roughly $107M in the dataset, which suggests the business is split across two meaningful lines rather than one dominant franchise. that diversification helps, but it has not prevented losses.
dual-engine business
quarterly operating engine
Current quarter
$106.8M sales · $0.68 loss per share
the latest quarter is the only number set here that feels hard and current. it says the business still sells real product, but not yet at a level that makes the capital structure comfortable.
proof beats story
Key numbers
$500M
annual revenue
That is the whole company. At a $138M market cap, you are paying less than 0.3x sales.
27.8%
operating margin
For every $100 of sales, Comtech lost $27.80 in operations.
$248M
long-term debt
Debt equals 64% of capital. That is a lot of fixed claims on a shrinking business.
1.7
beta
The stock moves about 70% more than the market. Your position will feel it.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $248M (64% of capital)
C — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for CMTL right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Comtech posted $111M in quarterly revenue, and the loss per share was still $0.67.
Revenue fell 4% from a year earlier. EPS improved 87% vs. prior year, but it was still a loss.
$111M
revenue
-$0.67
eps
33.1%
gross margin
the number that mattered
The $111M quarter matters because sales are still shrinking, so the turnaround has to outrun the debt.
source: company earnings report, 2026
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What could go wrong
the #1 risk here is too much debt for too little equity value. Comtech has $248M in long-term debt and only a $138M market cap, so the balance sheet is not a side note — it is the story.
med
debt load
$248M in long-term debt against a $138M market cap means lenders sit closer to the center of the capital structure than shareholders do.
if cash generation slips, the equity absorbs the pressure first.
med
persistent losses
the latest quarter posted a $0.68 loss per share, worse than the $0.64 expectation. a 4.1% operating margin does not leave much room for error.
continued losses make refinancing and balance-sheet repair harder, not easier.
med
execution gap
the page shows a $2B fy2026 revenue estimate while the latest quarter came in at $106.8M. that gap is the market asking for proof.
if the quarterly run-rate does not improve, the forward story starts to look promotional.
med
thin sponsorship
institutional ownership sits around 46%, and this snapshot shows no recent insider buying. that is not a stampede of confidence.
without stronger sponsorship, bad quarters can hit the stock harder and recoveries can take longer.
$248M of long-term debt versus a $138M market cap makes the equity a junior claim on the business, and a drop below the latest $12.9M operating cash flow would tighten the vise fast.
source: institutional data · regulatory filings · risk analysis
Pay attention to
margin check
can gross margin hold above 33%
33.1% for the broader snapshot and 33.9% in the latest quarter is one of the few improving numbers on the page.
balance sheet
does debt start moving down from $248M
until that figure falls, every operating improvement has to pass through a leverage filter first.
calendar
next earnings report
the next print matters because one more quarter around $106.8M in sales will keep the turnaround case on probation.
street story
watch the gap between reported sales and the $2B estimate
that estimate is the optimistic part of the page. reported revenue needs to start meeting it halfway.
Analyst rankings
xvary composite
31 / 100
in human-speak, the stock scores weak because growth, balance sheet quality, and stability are all working against you at once.
earnings predictability
20 / 100
low predictability means the numbers are hard to trust quarter to quarter. expect volatility.
balance sheet grade
C
that is a weak financial-health signal. it translates to limited flexibility when business conditions get worse.
risk rank
5
safer than only 5% of stocks means this name sits near the risky end of the spectrum.
source: institutional data
Institutional activity
institutional ownership data for CMTL is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$5
current price
n/a
target midpoint · n/a from current
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