stockrowComtech Telecommunications Corp.
CMTL Technology Communication Equipment
Comtech Telecommunications Corp.’s revenue for fiscal 2026 (year ended July 2026) was $249.6 million, down 17.0% from fiscal 2025.
- Revenue
- −49.2%
- EPS
- −25.6%
- Free cash flow
- +72.4%
- Total debt
- −4.07%
Quarter to July 2026, against a year earlier
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Comtech Telecommunications Corp. (CMTL) Beneish M-score
Comtech Telecommunications Corp.'s Beneish M-score for fiscal 2026 is −3.23; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2026 | −3.23 | 0.07 |
| FY2025 | −3.30 | (0.79) |
| FY2024 | −2.51 | (0.20) |
| FY2023 | −2.32 | 0.49 |
| FY2022 | −2.81 | (0.36) |
| FY2021 | −2.45 | 0.35 |
| FY2020 | −2.80 | (0.17) |
| FY2019 | −2.63 | (0.19) |
| FY2018 | −2.43 | 0.29 |
| FY2017 | −2.73 | (0.63) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.94 | — | 0.86 | |
| Gross margin index | 0.81 | — | 0.43 | |
| Asset quality index | 1.02 | — | 0.41 | |
| Sales growth index | 0.83 | — | 0.74 | |
| Depreciation index | 0.90 | — | 0.10 | |
| SG&A index | 1.20 | — | −0.21 | |
| Total accruals to total assets | (0.08) | — | −0.37 | |
| Leverage index | 1.09 | — | −0.35 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −3.23 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| CMTL Comtech Telecommunications Corp. | −3.2× |
| AIRG Airgain, Inc. compare | −3.0× |
| OCC Optical Cable Corporation compare | −2.9× |
| AMPG AmpliTech Group, Inc. compare | −2.6× |
| BOSC B.O.S. Better Online Solutions compare | −2.5× |
| FKWL Franklin Wireless Corp. compare | −2.0× |
| INSG Inseego compare | −1.9× |
| UTSI UTStarcom Holdings Corp compare | −1.8× |
| WATT Energous Corporation compare | 7.6× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI