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Comtech Telecommunications vs Ondas: CMTL and ONDS compared
Comtech Telecommunications is the larger company: $106M of revenue in its latest quarter (Q3 FY26) against $83.8M for Ondas (Q2 2026). Ondas is growing faster (13× against -16% a year earlier). Comtech Telecommunications is more profitable, with an operating margin of -2.9% against -194.5%.
Where the money goes: CMTL and ONDS
Comtech Telecommunications (CMTL) · Q3 FY26
Comtech Telecommunications, Q3 FY26: revenue $106M (-16% year over year), operating margin -2.9%, net loss $3.5M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
Ondas (ONDS) · Q2 2026
Ondas, Q2 2026: revenue $83.8M (13× year over year), operating margin -194.5%, net loss $89.7M, operating cash flow −$86.1M. The chart follows the revenue to costs, profit and cash.
| Comtech Telecommunications (CMTL) | Ondas (ONDS) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 2026 |
| Revenue | $106M | $83.8M |
| Revenue growth, Y/Y | -16% | 13× |
| Operating margin | -2.9% | -194.5% |
| Net earnings | −$3.5M | −$89.7M |
| Net margin | -3.3% | -107.1% |
| Operating cash flow | $6.1M | −$86.1M |
| Free cash flow | $673K | — |
Where the revenue comes from
Comtech Telecommunications
- Allerium: $55.7M (53%)
- Satellite and Space Communications: $50.3M (47%)
Ondas
- Product Revenue: $43.4M (52%)
- Service Revenue: $23.6M (28%)
- Development Revenue: $16.7M (20%)
Questions
Which is bigger, Comtech Telecommunications or Ondas?
Comtech Telecommunications is the larger company: $106M of revenue in its latest quarter (Q3 FY26) against $83.8M for Ondas (Q2 2026).
Is Comtech Telecommunications or Ondas growing faster?
Ondas is growing faster (13× against -16% a year earlier).
Which is more profitable, Comtech Telecommunications or Ondas?
Comtech Telecommunications is more profitable, with an operating margin of -2.9% against -194.5%.
More: Comtech Telecommunications earnings · how Comtech Telecommunications makes money · Ondas earnings · how Ondas makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Jun 15, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.