Aviat Networks, Inc. — Earnings Quality Grade D
AVNW · Technology
Significant concerns
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO increased by 10 days
AR outpaced revenue for 2 consecutive years
Insufficient data
Expense Quality
Inventory growth 34.9% exceeds COGS 12.1%
CapEx growth 384.9% is >2x revenue growth 6.5%
SG&A/Gross Profit = 64.2%. Normal
Gross margin 32.1%, change -3.4pp. Stable
Cash Flow Quality
Insufficient data
FCF < 50% of Net Income for 2 years
Insufficient data
Cash $0.1B covers 66% of debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 18% of equity. Manageable
Debt/EBITDA = 5.1x (>4x). Financial stress
Other assets grew 22.1% vs revenue 6.5%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 113% YoY
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25