VISNNasdaqRadio & Tv Broadcasting & Communications EquipmentFiscal year ends December 31
Vistance Networks, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$5.82+0.02 (+0.34%)
Close on Oct 19, 2026
- Market cap
- $1.36B
- P/E (TTM)
- 0.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
49.5%+16.9 pts over 5 years
Operating margin
2.5%+3.1 pts over 5 years
Net margin
118.2%+125.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +39.7% | -30.6% | -25.5% | -6.6% | |
| Gross profit | +58.0% | -21.6% | -19.0% | -3.4% | |
| Operating income | – | – | – | -12.5% | |
| Free cash flow | +1.9% | +41.7% | -4.3% | -0.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 17.0% | -96.3% | -102.4% | |
| Return on assets | 3.0% | -4.1% | 25.2% | |
| Current ratio | 2.32 | 1.72 | 3.88 | |
| Debt to equity | 3.27 | 26.82 | -7.23 | |
| Net debt to EBITDA | 4.28× | 11.66× | 20.48× | |
| Interest coverage | 2.0× | -0.1× | – | |
| Inventory turnover | 6.3× | 5.5× | 3.0× | |
| Capex to revenue | 1.4% | 1.4% | 3.6% | |
| Diluted shares | 196M | 197M | 230M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Vistance Networks generated $1.21B from operations and spent $389.00M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$1.21B
Used
$389.00M
Capital expenditure$389.00M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin118.2%
×Asset turnover0.21×
×Equity multiplier-4.06×
=Return on equity, FY2025-102.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 118.2% | 0.21× | -4.06× | -102.4% |
| FY2024 | -22.8% | 0.15× | -2.79× | 9.7% |
| FY2023 | -80.8% | 0.18× | -4.60× | 65.9% |
| FY2022 | -22.2% | 0.46× | -14.65× | 151.2% |
| FY2021 | -6.9% | 0.50× | 135.26× | -466.3% |
| FY2020 | -6.8% | 0.60× | 23.51× | -96.3% |
| FY2019 | -11.1% | 0.79× | 8.12× | -71.7% |
| FY2018 | 3.1% | 0.67× | 4.02× | 8.2% |
| FY2017 | 4.2% | 0.64× | 4.66× | 12.7% |
| FY2016 | 4.5% | 0.67× | 5.60× | 17.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$2.28B
- Cash generatingOperating cash flow above zero$322.90M
- Return on assets improvedROA up on the prior year-3.4% → 26.1%
- Earnings backed by cashOperating cash flow above net income$322.90M vs $2.28B
- Less leverageLong-term debt to assets fell105.6% → 77.5%
- Better liquidityCurrent ratio rose2.83 → 3.88
- No dilutionShare count did not rise214M → 230M
- Gross margin improvedGross margin up on the prior year43.77% → 49.49%
- More efficientAsset turnover rose0.15 → 0.22