Adtran
ADTN
7.46
-0.03
-0.40%
Adtran
US · ADTN
#3595 by market cap
7.46
-0.03
-0.40%
Live - 5344 symbols - heartbeat 141s ago
· 2026-10-09 19:30
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.81, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +17.46% YoY
Margins
- Gross margin
- 38.29%
- Operating margin
- -1.44%
- Net margin
- -3.84%
Key ratios & quality
- Altman Z-Scorei
- 0.81
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 529.28M | 530.06M | 506.51M | 563.00M | 1.03B | 1.15B | 922.72M | 1.08B |
| Gross profit | 203.57M | 219.17M | 217.55M | 218.38M | 327.25M | 331.13M | 324.16M | 414.96M |
| Selling & admin expenses | 124.44M | 130.29M | 113.97M | 124.41M | 208.89M | 258.61M | 232.92M | 226.28M |
| Research & development | 124.55M | 126.20M | 113.29M | 108.66M | 173.76M | 258.31M | 221.46M | 204.28M |
| Operating profit | -45.42M | -37.32M | -9.71M | -14.70M | -55.39M | -185.79M | -130.21M | -15.60M |
| Pretax profit | -33.37M | -24.78M | -6.25M | -6.31M | -70.96M | -233.61M | -442.73M | -31.25M |
| Tax | -14.03M | 28.21M | -8.62M | 2.33M | -62.08M | 28.30M | 7.34M | 4.99M |
| Net profit | -19.34M | -52.98M | 2.38M | -8.64M | -8.89M | -261.91M | -450.07M | -36.24M |
| Basic EPS | 0 | -1 | 0 | 0 | 0 | -3 | -6 | -1 |
| Diluted EPS | -0.40 | -1.11 | 0.05 | -0.18 | -0.03 | -3.43 | -5.79 | -0.52 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 247.74M | 265.07M | 279.44M | 291.56M | 286.09M | 281.15M |
| Gross profit | 95.18M | 98.92M | 107.13M | 113.73M | 112.99M | 103.95M |
| Selling & admin expenses | 50.29M | 60.35M | 58.23M | 57.41M | 55.84M | 60.24M |
| Research & development | 48.86M | 51.90M | 51.68M | 51.84M | 50.78M | 53.78M |
| Operating profit | -3.97M | -13.32M | -2.79M | 4.48M | 6.38M | -10.07M |
| Pretax profit | -9.35M | -17.24M | -6.56M | 1.89M | 2.85M | -7.92M |
| Tax | -397.00K | 1.02M | 1.20M | 3.17M | 1.92M | 788.00K |
| Net profit | -8.95M | -18.26M | -7.76M | -1.28M | 930.00K | -8.70M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.14 | -0.24 | -0.12 | -0.02 | -0.01 | -0.13 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 355.43M | 320.31M | 317.42M | 376.33M | 882.36M | 718.97M | 599.14M | 635.22M |
| Cash & ST investments | 108.75M | 107.02M | 63.29M | 56.95M | 108.98M | 87.17M | 76.02M | 130.87M |
| Inventory | 99.85M | 98.31M | 125.46M | 139.89M | 427.53M | 360.42M | 261.56M | 215.74M |
| Total assets | 628.03M | 545.12M | 525.68M | 569.02M | 1.94B | 1.68B | 1.17B | 1.20B |
| Total current liabilities | 118.01M | 112.71M | 94.19M | 155.36M | 428.58M | 274.00M | 293.47M | 361.86M |
| Short-term debt | 1.00M | 24.60M | -- | -- | 60.53M | -- | -- | -- |
| Long-term debt | 24.60M | -- | -- | -- | 60.00M | 195.00M | 189.58M | 218.04M |
| Total liabilities | 181,748,000.00 | 164,692,000.00 | 152,735,000.00 | 211,915,000.00 | 639,881,000.00 | 628,856,000.00 | 621,525,000.00 | 685,335,000.00 |
| Total equity | 446.28M | 380.43M | 372.94M | 357.10M | 1.30B | 1.05B | 549.89M | 519.16M |
| Retained earnings | 883.98M | 806.70M | 781.81M | 740.82M | 55.34M | -231.71M | -688.81M | -730.01M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 696.96M | 607.23M | 603.12M | 635.22M | 634.22M | 617.79M |
| Cash & ST investments | 106.76M | 106.27M | 93.68M | 130.87M | 122.08M | 118.31M |
| Inventory | 322.15M | 240.08M | 223.76M | 215.74M | 209.00M | 208.78M |
| Total assets | 1.33B | 1.22B | 1.21B | 1.20B | 1.19B | 1.15B |
| Total current liabilities | 282.75M | 309.66M | 307.75M | 361.86M | 359.21M | 344.81M |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | 195.00M | 190.18M | 217.88M | 218.04M | 218.43M | 218.82M |
| Total liabilities | 620,488,000.00 | 644,593,000.00 | 665,237,000.00 | 685,335,000.00 | 678,525,000.00 | 661,304,000.00 |
| Total equity | 707.42M | 571.70M | 543.67M | 519.16M | 506.54M | 488.66M |
| Retained earnings | -558.36M | -719.18M | -728.71M | -730.01M | -731.35M | -736.38M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 55.45M | -2.47M | -16.52M | 3.01M | -44.23M | -43.02M | 103.57M | 129.77M |
| Depreciation & amortization | 15.89M | 17.77M | 16.63M | 16.08M | 67.55M | 112.95M | 90.53M | 92.55M |
| Free cash flow | 47.34M | -11.97M | -22.93M | -2.66M | -61.30M | -88.79M | 38.40M | 60.50M |
| Dividends paid | -17.27M | -17.21M | -17.33M | -17.53M | -22.89M | -21.24M | 0 | 0 |
| Stock buybacks / issuance | -15.53M | -184.00K | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 105.50M | 73.77M | 60.18M | 56.82M | 108.64M | 87.17M | 76.02M | 95.70M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 43.18M | 32.16M | 12.19M | 42.24M | 12.67M | 25.92M |
| Depreciation & amortization | 21.60M | 23.39M | 23.33M | 24.23M | 24.92M | 25.56M |
| Free cash flow | 24.49M | 18.33M | -4.84M | 22.53M | -3.27M | 8.68M |
| Dividends paid | 0 | 0 | -- | -- | 0 | 0 |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 101.32M | 106.27M | 101.23M | 95.70M | 88.27M | 79.24M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -4.10 | -12.82 | 0.63 | -2.37 | -0.30 | -33.71 | -123.01 | -29.67 |
| ROA %i | -2.98 | -9.03 | 0.44 | -1.58 | -0.17 | -15.02 | -31.30 | -3.49 |
| ROIC %i | -4.40 | -12.47 | 0.26 | -2.93 | -0.12 | -27.93 | -73.99 | -7.59 |
| 5-year avg ROE %i | 3.90 | -0.21 | -0.81 | -2.75 | -3.79 | -9.78 | -32.18 | -38.40 |
| EBIT margin %i | -6.20 | -4.58 | -1.23 | -1.11 | -6.58 | -18.70 | -44.46 | -1.10 |
| FCF / sales %i | 8.95 | -- | -- | -- | -- | -- | 4.33 | 5.58 |
| Current ratioi | 3.01 | 2.84 | 3.37 | 2.42 | 2.06 | 2.62 | 2.04 | 1.76 |
| Quick ratioi | 2.07 | 1.90 | 1.95 | 1.46 | 0.98 | 1.16 | 0.92 | 0.97 |
| Debt / assetsi | 4.08 | 4.51 | -- | 0.57 | 7.38 | 13.50 | 18.40 | 20.34 |
| LT debt / equityi | 5.51 | -- | -- | 0.92 | 8.50 | 37.41 | 169.75 | 168.03 |
| Interest coveragei | -61.61 | -47.49 | -1,248.20 | -184.44 | -19.65 | -13.19 | -18.60 | -0.62 |
| Revenue CAGR (3Y) %i | -4.10 | -5.93 | -8.76 | 2.08 | 24.61 | 31.40 | 17.90 | 1.86 |
| Net income CAGR (3Y) %i | -- | -- | -53.62 | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | 90.98 | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -48.31 | -50.92 | -43.39 | -29.67 | -15.53 | -14.71 |
| ROA %i | -9.67 | -7.92 | -6.22 | -3.49 | -2.49 | -1.86 |
| ROIC %i | -23.14 | -20.77 | -15.55 | -7.59 | -4.95 | -3.30 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -7.68 | -4.79 | -2.24 | -1.10 | -0.02 | 0.77 |
| FCF / sales %i | 4.36 | 5.66 | 2.67 | 5.58 | 2.92 | 2.03 |
| Current ratioi | 2.46 | 1.96 | 1.96 | 1.76 | 1.77 | 1.79 |
| Quick ratioi | 1.11 | 0.93 | 0.93 | 0.97 | 0.98 | 0.98 |
| Debt / assetsi | 16.77 | 17.92 | 20.17 | 20.34 | 20.54 | 21.10 |
| LT debt / equityi | 83.78 | 128.51 | 172.22 | 168.03 | 176.96 | 187.39 |
| Interest coveragei | -3.26 | -2.37 | -1.18 | -0.62 | -0.01 | 0.47 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Network Solutions is the largest reported line at 82.84% of revenue, across 2 reported segments.
- The next-largest line, Services & Support, is a distant second at 17.16% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Network Solutions82.84%
Services & Support17.16%
Quote time 2026-10-09 19:30:06 · For reference only, not investment advice and not tailored to your situation.
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