CMTL on Nasdaq

Comtech

Company headquartered in Chandler, Arizona, United States.¹

Price unavailable

Last updated Oct 16, 2026.

Overview

$499.5MRevenue, fiscal 2025³

-$155.3MNet income, fiscal 2025³

1972Founded¹

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TickerCMTL on Nasdaq¹
IndustryRadio & Tv Broadcasting & Communications Equipment¹
HeadquartersChandler¹
Websitecomtech.com
Legal formcorporation¹
Incorporated inDE⁴
Business address305 N 54Th Street, Chandler, Az 85226⁴
Filer categoryAccelerated filer, Smaller reporting company⁴

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

25.6%Gross margin³

-27.8%Operating margin³

-31.1%Net margin³

-7.6%Revenue growth, 2025³

-148.7%Return on equity³

-$16.9MFree cash flow³

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Satellite And Space Communications brought in 27% of the revenue Comtech broke down this way in fiscal 2025.

Satellite And Space Communications$269.3M³27%down 17% from 2024
Satellite And Space Segment Communications$269.3M³27%down 17% from 2024
Allerium$230.3M³23%up 6% from 2024
Allerium$230.3M³23%up 6% from 2024

Business segments by year

Business segments	2023	2024	2025
Satellite And Space Communications	$337.8M	$324.1M	$269.3M
Satellite And Space Segment Communications	$337.8M	$324.1M	$269.3M
Allerium	$212.2M	$216.3M	$230.3M
Allerium	$212.2M	$216.3M	$230.3M

Regions

United States Domestic brought in 49% of the revenue Comtech broke down this way in fiscal 2025.

United States Domestic$243.1M³49%up 0% from 2024
U S Government$151.3M³30%down 17% from 2024
Total International Sales$105.1M³21%down 9% from 2024

Regions by year

Regions	2023	2024	2025
United States Domestic	$245.9M	$242.2M	$243.1M
U S Government	$172.0M	$182.3M	$151.3M
Total International Sales	$132.1M	$115.9M	$105.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenueSelling, general and admin

Cost of revenue64¢$371.7M
Research and development3¢$17.4M
Selling, general and admin25¢$143.5M
Interest8¢$45.6M
Income tax0¢$80.0K

Out of $499.5M in revenue.³ The company lost money this year.

Financial statements

Revenue⁵⁶⁷⁸⁹³$499.5M in 2025−12% since 2018

Gross profit⁵⁶⁷⁸⁹³$127.9M in 2025−43% since 2018

Operating income⁵⁶⁷¹⁰¹¹³-$139.1M in 2025

Net income⁵⁶⁷⁸⁹³-$155.3M in 2025

Fiscal year	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$570.6M⁵	$671.8M⁶	$616.7M⁷	$581.7M⁸	$486.2M⁹	$550.0M³	$540.4M³	$499.5M³
Cost of revenue	$346.6M⁵	$424.4M⁶	$389.9M⁷	$367.7M⁸	$306.4M⁹	$365.5M³	$383.2M³	$371.7M³
Gross profit	$223.9M⁵	$247.4M⁶	$226.8M⁷	$214.0M⁸	$179.8M⁹	$184.5M³	$157.2M³	$127.9M³
Research and development	$53.9M⁵	$56.4M⁶	$52.2M⁷	$49.1M⁸	$52.5M⁹	$48.6M³	$24.1M³	$17.4M³
Selling, general and admin	$113.9M⁵	$128.6M⁶	$117.1M⁷	$111.8M⁸	$114.9M⁹	$120.0M³	$123.2M³	$143.5M³
Operating income	$35.1M⁵	$41.4M⁶	$15.2M⁷	-$68.3M¹⁰	-$33.8M¹¹	-$14.7M³	-$79.9M³	-$139.1M³
Interest	$10.2M⁵	$9.2M⁶	$6.1M⁷	$6.8M⁸	$5.0M⁹	$15.0M³	$22.2M³	$45.6M³
Income tax	-$5.1M⁵	$3.9M⁶	$2.3M⁷	-$1.5M⁸	-$4.0M⁹	-$3.9M³	-$295.0K³	-$80.0K³
Net income	$29.8M⁵	$25.0M⁶	$7.0M⁷	-$73.5M⁸	-$33.1M⁹	-$26.9M³	-$100.0M³	-$155.3M³
Earnings per share	$1.25⁵	$1.04⁶	$0.28⁷	-$2.86⁸	-$1.63⁹	-$1.21³	-$4.70³	-$6.95³
Earnings per share (diluted)	$1.24⁵	$1.03⁶	$0.28⁷	-$2.86⁸	-$1.63⁹	-$1.21³	-$4.70³	-$6.95³

Total assets⁵⁶⁷⁸⁹³$740.8M in 2025−12% since 2018

Total liabilities¹⁵⁵⁶⁷⁸⁹³$446.9M in 2025+32% since 2018

Shareholders’ equity¹⁵⁵⁶⁷⁸⁹³$104.4M in 2025−79% since 2018

Cash¹⁵⁵⁶⁷⁸⁹³$40.0M in 2025−8% since 2018

Long-term debt¹⁵⁵⁶⁷⁸⁹$170.5M in 2024+15% since 2018

Fiscal year	2018	2019	2020	2021	2022	2023	2024	2025
Cash	$43.5M¹⁵	$45.6M⁵	$47.9M⁶	$30.9M⁷	$21.7M⁸	$19.0M⁹	$32.4M³	$40.0M³
Current assets	$279.8M¹⁵	$280.3M⁵	$277.1M⁶	$287.5M⁷	$263.3M⁸	$305.5M⁹	$336.6M³	$270.2M³
Total assets	$845.2M⁵	$887.7M⁶	$929.6M⁷	$993.1M⁸	$974.3M⁹	$996.2M³	$912.4M³	$740.8M³
Current liabilities	$165.3M¹⁵	$145.3M⁵	$159.7M⁶	$203.6M⁷	$193.5M⁸	$212.0M⁹	$183.5M³	$158.2M³
Long-term debt	$148.1M¹⁵	$165.0M⁵	$149.5M⁶	$201.0M⁷	$130.0M⁸	$160.0M⁹	$170.5M⁹
Total liabilities	$339.5M¹⁵	$352.6M⁵	$380.3M⁶	$492.4M⁷	$402.5M⁸	$445.7M⁹	$426.1M³	$446.9M³
Shareholders’ equity	$505.7M¹⁵	$535.1M⁵	$549.3M⁶	$500.7M⁷	$466.6M⁸	$438.3M⁹	$306.3M³	$104.4M³
Shares outstanding	23.9M shares¹⁶	24.3M shares¹⁵	25.0M shares⁵	26.3M shares⁶	27.7M shares⁷	28.1M shares⁸	28.9M shares⁹	29.6M shares¹⁷

Cash from operations⁵⁶⁷¹⁰¹¹³-$8.3M in 2025

Capital spending⁵⁶⁷⁸⁹³$8.6M in 2025−1% since 2018

Free cash flow⁵⁶⁷¹⁰¹¹³-$16.9M in 2025

Dividends paid⁵⁶⁷⁸⁹³$158.0K in 2025−98% since 2018

Fiscal year	2018	2019	2020	2021	2022	2023	2024	2025
Cash from operations	$50.3M⁵	$68.0M⁶	$52.8M⁷	-$40.6M¹⁰	$2.0M¹¹	-$4.4M³	-$54.5M³	-$8.3M³
Capital spending	$8.6M⁵	$8.8M⁶	$7.2M⁷	$16.0M⁸	$19.6M⁹	$18.3M³	$13.1M³	$8.6M³
Free cash flow	$41.7M	$59.2M	$45.5M	-$56.7M	-$17.6M	-$22.7M	-$67.6M	-$16.9M
Dividends paid	$9.5M⁵	$9.8M⁶	$10.0M⁷	$10.3M⁸	$11.0M⁹	$8.7M³	$268.0K³	$158.0K³
Share buybacks
Dividend per share	$0.10¹⁵	$0.10⁵	$0.10⁶	$0.10⁷	$0.10⁸	$0.20³

Compare Comtech with another company

Leadership

Who has led Comtech, and when. Pick a name to see everywhere that person has worked.

Chief executive officerKenneth Traub Jan 27, 2025 to now¹⁸
Chief executive officerJohn Ratigan Jun 5, 2024 to Oct 30, 2024¹⁹
Chief executive officerMichael Porcelain Jan 5, 2022 to Aug 10, 2022²⁰
Chief executive officerKen Allen Peterman Sep 13, 2022 to Sep 13, 2023²¹
Chief executive officerStanton D. Sloane Jan 28, 2015 to Aug 11, 2016²²
Chief executive officerFred Kornberg Jul 9, 2003 to Sep 29, 2021²³
ChairKenneth Traub Jan 27, 2025 to now¹⁸
ChairKen Allen Peterman Sep 13, 2022 to Sep 13, 2023²¹
ChairFred Kornberg Jul 9, 2003 to Sep 29, 2021²³
PresidentKenneth Traub Jan 27, 2025 to now¹⁸
PresidentJeffery Paul Robertson Mar 28, 2024 to Aug 23, 2024²⁴
PresidentDaniel Gizinski Aug 23, 2024 to Oct 30, 2024²⁵
PresidentDoug Houston Aug 23, 2024 to Nov 7, 2024²⁶
PresidentJohn Ratigan Oct 30, 2024 to Oct 30, 2024²⁷
PresidentKen Allen Peterman Sep 13, 2022 to Sep 13, 2023²¹
PresidentMichael Porcelain May 29, 2020 to Aug 10, 2022²⁸
PresidentStanton D. Sloane Jan 28, 2015 to Aug 11, 2016²²
PresidentDaniel Scott Wood Sep 23, 2005 to Sep 23, 2005²⁹
PresidentFred Kornberg Jul 9, 2003 to Nov 6, 2019²³
Chief financial officerMichael Bondi Oct 4, 2018 to now³⁰
Chief financial officerMichael Porcelain Aug 2, 2006 to Sep 26, 2018³¹
Chief financial officerRobert G. Rouse Aug 6, 2003 to Aug 4, 2005³²
Chief operating officerMaria Hedden Apr 4, 2022 to Aug 14, 2024³³
Chief operating officerMichael Porcelain Oct 4, 2018 to Oct 6, 2021³⁴
Chief operating officerMichael Galletti Sep 30, 2016 to Aug 11, 2017³⁵
Chief operating officerRobert G. Rouse Aug 2, 2006 to Aug 27, 2008³⁶

Board members and other officers (39)

Chief Corp Development OfficerJohn Ratigan Nov 22, 2023 to Nov 22, 2023³⁷
Sr. Vice PresidentJohn Branscum Aug 6, 2015 to Sep 27, 2019³⁸
Senior Vice PresidentRobert G. Rouse Feb 10, 2011 to Jan 13, 2015³⁹
Sr. Vice President, OperationsFrank W. Otto Apr 30, 2008 to Jun 4, 2009⁴⁰
Sr. VP of Strategy & Bus. Dev.Jerome Kapelus Feb 22, 2006 to Oct 14, 2010⁴¹
Sr. Vice PresidentDaniel Scott Wood Aug 2, 2006 to Oct 21, 2011⁴²
Vice President of FinanceNancy Stallone Sep 21, 2006 to Aug 14, 2024⁴³
VP of Taxes, SecretaryPatrick O'Gara Sep 21, 2006 to Jun 7, 2016⁴⁴
Senior Vice PresidentLarry Konopelko Dec 14, 2006 to Jan 6, 2014⁴⁵
Corporate ControllerMichael Bondi Jan 6, 2004 to Aug 10, 2018⁴⁶
Sr. Vice PresidentJ. Preston Windus Jr. Jul 1, 2003 to Dec 29, 2004⁴⁷
Sr. Vice PresidentRichard L. Burt Jul 8, 2003 to Sep 30, 2019⁴⁸
Secretary and TreasurerGail Segui Aug 6, 2003 to Dec 20, 2005⁴⁹
VP of Finance & Internal AuditMichael Porcelain Aug 6, 2003 to Dec 14, 2005⁵⁰
Sr. Vice PresidentRobert L. McCollum Aug 6, 2003 to Apr 3, 2015⁵¹
Board memberDavid B. Kagan Feb 24, 2025 to Feb 26, 2025⁵²
Board memberLloyd A. Sprung Aug 28, 2025 to now⁵³
Board memberMary Jane Raymond Dec 16, 2025 to now⁵⁴
Board memberJohn Ratigan Oct 30, 2024 to Oct 30, 2024²⁷
Board memberKenneth Traub Nov 1, 2024 to Nov 1, 2024⁵⁵
Board memberMichael Hildebrandt Nov 22, 2024 to now⁵⁶
Board memberEllen M. Lord Jun 20, 2023 to Aug 15, 2023⁵⁷
Board memberMichael Porcelain Jan 5, 2022 to Aug 10, 2022²⁰
Board memberWendi B. Carpenter Jan 5, 2022 to Oct 2, 2024⁵⁸
Board memberKen Allen Peterman May 13, 2022 to May 16, 2022⁵⁹
Board memberJudy Chambers Aug 3, 2021 to Oct 2, 2024⁶⁰
Board memberLisa /adv Lesavoy Mar 6, 2020 to Aug 15, 2023⁶¹
Board memberFred Kornberg Aug 11, 2016 to Dec 6, 2022⁶²
Board memberYacov A. Shamash Oct 18, 2016 to Oct 4, 2024⁶³
Board memberLawrence Waldman Sep 2, 2015 to now⁶⁴
Board memberStanton D. Sloane Jan 18, 2012 to Aug 11, 2016⁶⁵
Board memberRobert G. Paul Mar 16, 2007 to Aug 6, 2020⁶⁶
Board memberEdwin Kantor Aug 4, 2003 to Aug 6, 2020⁶⁷
Board memberGeorge Bugliarello Aug 4, 2003 to Sep 26, 2006⁶⁸
Board memberGerard R. Nocita Aug 4, 2003 to Jul 28, 2011⁶⁹
Board memberIra Kaplan Aug 4, 2003 to Aug 6, 2020⁷⁰
Board memberRichard L. Goldberg Aug 4, 2003 to Aug 6, 2015⁷¹
General counselDonald E. Walther Apr 13, 2023 to now⁷²
General counselYelena Simonyuk Oct 3, 2022 to Aug 14, 2023⁷³

Subsidiaries and ownership

Subsidiaries

TeleCommunication Systems since Feb 23, 2016

From Wikidata.¹

Acquisitions

Feb 23, 2016Acquired TeleCommunication Systems¹
2008Acquired AeroAstro¹

Timeline

Jan 27, 2025New chief executive Kenneth Traub becomes CEO¹⁸
Jun 5, 2024New chief executive John Ratigan becomes CEO¹⁹
Sep 13, 2022New chief executive Ken Allen Peterman becomes CEO²¹
Jan 5, 2022New chief executive Michael Porcelain becomes CEO²⁰
Jan 28, 2015New chief executive Stanton D. Sloane becomes CEO²²
Jul 9, 2003New chief executive Fred Kornberg becomes CEO²³
1972Founded Founded¹

Recent filings

Oct 14, 2026POS AM
Oct 14, 2026POS AM
Oct 14, 20268-K
Oct 14, 20268-K
Oct 14, 202610-K
Oct 9, 20263
Oct 5, 20268-K
Oct 1, 20264
Oct 1, 20264
Oct 1, 20264
Oct 1, 20264
Aug 12, 20264
Aug 12, 20264
Aug 12, 20264
Aug 11, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataComtech on Wikidata
2
SEC EDGARComtech filings on SEC EDGAR
3
SEC EDGARComtech 10-K for fiscal 2025
4
SEC EDGARComtech filings on SEC EDGAR
5
SEC EDGARComtech 10-K for fiscal 2018
6
SEC EDGARComtech 10-K for fiscal 2019
7
SEC EDGARComtech 10-K for fiscal 2020
8
SEC EDGARComtech 10-K for fiscal 2021
9
SEC EDGARComtech 10-K for fiscal 2022
10
SEC EDGARComtech 10-K for fiscal 2021
11
SEC EDGARComtech 10-K for fiscal 2022
12
SEC EDGARComtech 10-Q for fiscal 2025
13
SEC EDGARComtech 10-Q for fiscal 2026
14
SEC EDGARComtech 10-Q for fiscal 2026
15
SEC EDGARComtech 10-K for fiscal 2018
16
SEC EDGARComtech 10-K for fiscal 2018
17
SEC EDGARComtech 10-K for fiscal 2025
18
SEC EDGARKenneth Traub, Chief executive officer
19
SEC EDGARJohn Ratigan, Chief executive officer
20
SEC EDGARMichael Porcelain, Chief executive officer
21
SEC EDGARKen Allen Peterman, Chief executive officer
22
SEC EDGARStanton D. Sloane, Chief executive officer
23
SEC EDGARFred Kornberg, Chief executive officer
24
SEC EDGARJeffery Paul Robertson, President
25
SEC EDGARDaniel Gizinski, President
26
SEC EDGARDoug Houston, President
27
SEC EDGARJohn Ratigan, President
28
SEC EDGARMichael Porcelain, President
29
SEC EDGARDaniel Scott Wood, President
30
SEC EDGARMichael Bondi, Chief financial officer
31
SEC EDGARMichael Porcelain, Chief financial officer
32
SEC EDGARRobert G. Rouse, Chief financial officer
33
SEC EDGARMaria Hedden, Chief operating officer
34
SEC EDGARMichael Porcelain, Chief operating officer
35
SEC EDGARMichael Galletti, Chief operating officer
36
SEC EDGARRobert G. Rouse, Chief operating officer
37
SEC EDGARJohn Ratigan, Chief Corp Development Officer
38
SEC EDGARJohn Branscum, Sr. Vice President
39
SEC EDGARRobert G. Rouse, Senior Vice President
40
SEC EDGARFrank W. Otto, Sr. Vice President, Operations
41
SEC EDGARJerome Kapelus, Sr. VP of Strategy & Bus. Dev.
42
SEC EDGARDaniel Scott Wood, Sr. Vice President
43
SEC EDGARNancy Stallone, Vice President of Finance
44
SEC EDGARPatrick O'Gara, VP of Taxes, Secretary
45
SEC EDGARLarry Konopelko, Senior Vice President
46
SEC EDGARMichael Bondi, Corporate Controller
47
SEC EDGARJ. Preston Windus Jr., Sr. Vice President
48
SEC EDGARRichard L. Burt, Sr. Vice President
49
SEC EDGARGail Segui, Secretary and Treasurer
50
SEC EDGARMichael Porcelain, VP of Finance & Internal Audit
51
SEC EDGARRobert L. McCollum, Sr. Vice President
52
SEC EDGARDavid B. Kagan, Board member
53
SEC EDGARLloyd A. Sprung, Board member
54
SEC EDGARMary Jane Raymond, Board member
55
SEC EDGARKenneth Traub, Board member
56
SEC EDGARMichael Hildebrandt, Board member
57
SEC EDGAREllen M. Lord, Board member
58
SEC EDGARWendi B. Carpenter, Board member
59
SEC EDGARKen Allen Peterman, Board member
60
SEC EDGARJudy Chambers, Board member
61
SEC EDGARLisa /adv Lesavoy, Board member
62
SEC EDGARFred Kornberg, Board member
63
SEC EDGARYacov A. Shamash, Board member
64
SEC EDGARLawrence Waldman, Board member
65
SEC EDGARStanton D. Sloane, Board member
66
SEC EDGARRobert G. Paul, Board member
67
SEC EDGAREdwin Kantor, Board member
68
SEC EDGARGeorge Bugliarello, Board member
69
SEC EDGARGerard R. Nocita, Board member
70
SEC EDGARIra Kaplan, Board member
71
SEC EDGARRichard L. Goldberg, Board member
72
SEC EDGARDonald E. Walther, General counsel
73
SEC EDGARYelena Simonyuk, General counsel