COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Nasdaq · Radio & Tv Broadcasting & Communications Equipment

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

8 entities across 6 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2025-11-10 — see the exhibit.

Which other public companies file entities in the same places:

Delaware2 Canada2 Maryland1 United Kingdom1 Iowa1 Russia1

Subsidiaries of COMTECH TELECOMMUNICATIONS CORP /DE/ as disclosed in its SEC filing
Entity	Jurisdiction	Note
Comtech Satellite Network Technologies, Inc.	Delaware
Comtech Satellite Network Technologies, Corp.	Canada
TeleCommunication Systems, Inc.	Maryland
Comtech Solacom Technologies, Inc.	Canada
Solacom Technologies (US), Inc.	Delaware
Comtech UK Holdings Limited	United Kingdom
NG-911, Inc.	Iowa
Comtech Technologies, LLC	Russia

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

2 / 8

FAILReturn on assets positiveROA -21.0%
FAILOperating cash flow positiveOCF -8M
FAILReturn on assets improving-11.0% → -21.0%
PASSCash flow exceeds earningsOCF -8M vs NI -155M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving1.83 → 1.71
FAILNo share dilution29M → 29M shares
FAILGross margin improving29.1% → 25.6%
PASSAsset turnover improving0.59× → 0.67×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$616.7M	$7.0M	$45.5M	36.8%	24,899,000
FY2021	$581.7M	−$73.5M	−$56.7M	36.8%	25,685,000
FY2022	$486.2M	−$33.1M	−$17.6M	37.0%	26,506,000
FY2023	$550.0M	−$26.9M	−$22.7M	33.5%	28,002,000
FY2024	$540.4M	−$100.0M	−$67.6M	29.1%	28,799,000
FY2025	$499.5M	−$155.3M	−$16.9M	25.6%	29,405,000

Identity

CIK: 0000023197
SIC: 3663 · Radio & Tv Broadcasting & Communications Equipment
Incorporated: DE
Headquarters: CHANDLER, AZ

Ownership

Institutional: 45.7%
Institutions: 96
Insiders: 2.7%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other radio & tv broadcasting & communications equipment companies

COMTECH TELECOMMUNICATIONS CORP /DE/ files under SIC 3663 — all 8 radio & tv broadcasting & communications equipment companies compared on assets and F-score.

QUALCOMM INC/DEQCOM Motorola Solutions, Inc.MSI Vistance Networks, Inc.VISN Planet Labs PBCPL Ondas Inc.ONDS HARMONIC INC.HLIT

Questions about COMTECH TELECOMMUNICATIONS CORP /DE/

How many subsidiaries does COMTECH TELECOMMUNICATIONS CORP /DE/ file with the SEC?: 8, listed in its most recent exhibit 21. They are incorporated across 6 jurisdictions, led by Delaware, Canada, Maryland. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is COMTECH TELECOMMUNICATIONS CORP /DE/ financially healthy?: COMTECH TELECOMMUNICATIONS CORP /DE/ scores 2 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

8 entities across 6 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2025-11-10 — see the exhibit.

Entity

Jurisdiction

Note

Comtech Satellite Network Technologies, Inc.

Delaware

Comtech Satellite Network Technologies, Corp.

Canada

TeleCommunication Systems, Inc.

Maryland

Comtech Solacom Technologies, Inc.

Canada

Solacom Technologies (US), Inc.

Delaware

Comtech UK Holdings Limited

United Kingdom

NG-911, Inc.

Iowa

Comtech Technologies, LLC

Russia

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

2 / 8

FAILReturn on assets positiveROA -21.0%
FAILOperating cash flow positiveOCF -8M
FAILReturn on assets improving-11.0% → -21.0%
PASSCash flow exceeds earningsOCF -8M vs NI -155M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving1.83 → 1.71
FAILNo share dilution29M → 29M shares
FAILGross margin improving29.1% → 25.6%
PASSAsset turnover improving0.59× → 0.67×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$616.7M	$7.0M	$45.5M	36.8%	24,899,000
FY2021	$581.7M	−$73.5M	−$56.7M	36.8%	25,685,000
FY2022	$486.2M	−$33.1M	−$17.6M	37.0%	26,506,000
FY2023	$550.0M	−$26.9M	−$22.7M	33.5%	28,002,000
FY2024	$540.4M	−$100.0M	−$67.6M	29.1%	28,799,000
FY2025	$499.5M	−$155.3M	−$16.9M	25.6%	29,405,000

Questions about COMTECH TELECOMMUNICATIONS CORP /DE/

How many subsidiaries does COMTECH TELECOMMUNICATIONS CORP /DE/ file with the SEC?

8, listed in its most recent exhibit 21. They are incorporated across 6 jurisdictions, led by Delaware, Canada, Maryland. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is COMTECH TELECOMMUNICATIONS CORP /DE/ financially healthy?

COMTECH TELECOMMUNICATIONS CORP /DE/ scores 2 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.