VIAV - VIAVI SOLUTIONS INC.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Jun 28, 2025 10-K ↗	FY 2024 Jun 29, 2024 10-K ↗	FY 2023 Jul 1, 2023 10-K ↗	FY 2022 Jul 2, 2022 10-K ↗	FY 2021 Jul 3, 2021 10-K ↗	FY 2020 Jun 27, 2020 10-K ↗	FY 2019 Jun 29, 2019 10-K ↗	FY 2018 Jun 30, 2018 10-K ↗	FY 2017 Jul 1, 2017 10-K ↗	FY 2016 Jul 2, 2016 10-K ↗	FY 2015 Jun 27, 2015 10-K ↗	FY 2014 Jun 28, 2014 10-K ↗	FY 2013 Jun 29, 2013 10-K ↗	FY 2012 Jun 30, 2012 10-K ↗	FY 2011 Jul 2, 2011 10-K ↗	FY 2010 Jul 3, 2010 10-K ↗	FY 2009 Jun 27, 2009 10-K ↗	FY 2008 Jun 28, 2008 10-K ↗
Revenue Growth YoY (%)	8.4% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-30%)	-9.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-180%)	-14.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-220%)	7.8% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-35%)	5.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-54%)	0.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-96%)	29.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+142%)	7.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-34%)	-10.5% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-187%)	3.7% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-69%)	-49.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-516%)	4.0% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-67%)	0.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-93%)	-7.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-166%)	32.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+169%)	6.3% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-48%)	—	—
EPS Growth YoY (%)	N/M	N/M	57.1% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-76.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	130.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	550.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	—	—	N/M	N/M	N/M	N/M	93.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	N/M	N/M	64.5% Excellent ↓ Excellent Declining Year-over-year change in net income	-77.0% Weak ↓ Weak Declining Year-over-year change in net income	135.2% Excellent Excellent Year-over-year change in net income	431.5% Excellent Excellent Year-over-year change in net income	N/M	N/M	N/M	-12.6% Weak Weak Year-over-year change in net income	-394.9% Weak Weak Year-over-year change in net income	N/M	N/M	N/M	N/M	93.2% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	-36.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	55.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-38.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	-45.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	84.9% Excellent → Excellent Stable Year-over-year change in free cash flow	9.9% Fair ↓ Fair Declining Year-over-year change in free cash flow	297.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-42.5% Weak Weak Year-over-year change in free cash flow	142.2% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	-37.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	156.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-48.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	11.1% Fair Fair Year-over-year change in free cash flow	45.4% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-5.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-5.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	4.6% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	11.0% Good ↑ Good Improving Compound annual revenue growth over 3 years	11.9% Good ↑ Good Improving Compound annual revenue growth over 3 years	7.6% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	0.1% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-22.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-18.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-19.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	7.1% Fair Fair Compound annual revenue growth over 3 years	9.0% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	-0.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-2.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	4.8% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	9.8% Good ↑ Good Improving Compound annual revenue growth over 5 years	5.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	5.4% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	-8.3% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-12.2% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-13.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-12.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-8.5% Weak Weak Compound annual revenue growth over 5 years	6.3% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	31.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	—	-5.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	51.8% Excellent Excellent Compound annual EPS growth over 3 years	—	-43.7% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Jun 28, 2025 10-K ↗	FY 2024 Jun 29, 2024 10-K ↗	FY 2023 Jul 1, 2023 10-K ↗	FY 2022 Jul 2, 2022 10-K ↗	FY 2021 Jul 3, 2021 10-K ↗	FY 2020 Jun 27, 2020 10-K ↗	FY 2019 Jun 29, 2019 10-K ↗	FY 2018 Jun 30, 2018 10-K ↗	FY 2017 Jul 1, 2017 10-K ↗	FY 2016 Jul 2, 2016 10-K ↗	FY 2015 Jun 27, 2015 10-K ↗	FY 2014 Jun 28, 2014 10-K ↗	FY 2013 Jun 29, 2013 10-K ↗	FY 2012 Jun 30, 2012 10-K ↗	FY 2011 Jul 2, 2011 10-K ↗	FY 2010 Jul 3, 2010 10-K ↗	FY 2009 Jun 27, 2009 10-K ↗	FY 2008 Jun 28, 2008 10-K ↗
Operating Margin (%) (%)	5.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	2.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	7.4% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	14.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-28%)	11.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	10.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	6.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	0.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	1.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	-9.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-147%)	-8.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-143%)	-0.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-100%)	-1.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-107%)	0.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-100%)	3.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	-4.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-120%)	-70.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-451%)	—
Effective Tax Rate (%) (%)	—	322.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	58.0% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	76.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	48.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	69.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	80.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-36.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	11.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-9.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-24.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	42.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	221.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-85.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-57.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-4.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	3.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	-2.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-117%)	2.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	1.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	5.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	2.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	0.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	-5.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-137%)	20.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+37%)	-10.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-173%)	-10.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-167%)	-1.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-107%)	3.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	-3.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-122%)	4.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	-4.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-130%)	-70.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-572%)	—
FCF Margin (%) (%)	5.7% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	9.7% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	5.7% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.2% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.9% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.1% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.3% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.1% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-2.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	4.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.3% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	4.9% Weak → Weak Stable Free cash flow as a percentage of revenue Optimal: > 10%	5.7% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	4.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.78x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	-3.76x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.47x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	6.81x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.83x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	3.61x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	17.37x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.48x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.25x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.18x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.22x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-4.31x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.15x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.84x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.24x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	-1.26x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-0.06x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Jun 28, 2025 10-K ↗	FY 2024 Jun 29, 2024 10-K ↗	FY 2023 Jul 1, 2023 10-K ↗	FY 2022 Jul 2, 2022 10-K ↗	FY 2021 Jul 3, 2021 10-K ↗	FY 2020 Jun 27, 2020 10-K ↗	FY 2019 Jun 29, 2019 10-K ↗	FY 2018 Jun 30, 2018 10-K ↗	FY 2017 Jul 1, 2017 10-K ↗	FY 2016 Jul 2, 2016 10-K ↗	FY 2015 Jun 27, 2015 10-K ↗	FY 2014 Jun 28, 2014 10-K ↗	FY 2013 Jun 29, 2013 10-K ↗	FY 2012 Jun 30, 2012 10-K ↗	FY 2011 Jul 2, 2011 10-K ↗	FY 2010 Jul 3, 2010 10-K ↗	FY 2009 Jun 27, 2009 10-K ↗	FY 2008 Jun 28, 2008 10-K ↗
Return on Invested Capital (%)	5.8% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-6.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	7.4% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	5.1% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	1.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-13.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-8.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-0.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	2.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	9.6% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	-6.2% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	2.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	10.1% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	7.2% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-5.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-3.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-1.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	-3.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	4.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-76%)	-3.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-120%)	3.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-80%)	2.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-88%)	8.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-52%)	4.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-78%)	0.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-96%)	-6.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-136%)	21.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+15%)	-14.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-178%)	-8.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-143%)	-1.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-108%)	4.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-73%)	-5.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-129%)	6.7% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-64%)	-6.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-137%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Jun 28, 2025 10-K ↗	FY 2024 Jun 29, 2024 10-K ↗	FY 2023 Jul 1, 2023 10-K ↗	FY 2022 Jul 2, 2022 10-K ↗	FY 2021 Jul 3, 2021 10-K ↗	FY 2020 Jun 27, 2020 10-K ↗	FY 2019 Jun 29, 2019 10-K ↗	FY 2018 Jun 30, 2018 10-K ↗	FY 2017 Jul 1, 2017 10-K ↗	FY 2016 Jul 2, 2016 10-K ↗	FY 2015 Jun 27, 2015 10-K ↗	FY 2014 Jun 28, 2014 10-K ↗	FY 2013 Jun 29, 2013 10-K ↗	FY 2012 Jun 30, 2012 10-K ↗	FY 2011 Jul 2, 2011 10-K ↗	FY 2010 Jul 3, 2010 10-K ↗	FY 2009 Jun 27, 2009 10-K ↗	FY 2008 Jun 28, 2008 10-K ↗
Debt to Equity (x)	0.32x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-30%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.14x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-69%)	0.10x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-77%)	0.89x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+98%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.37x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-17%)	0.00x Excellent → Excellent Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent → Excellent Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—	—	—
Interest Coverage (x)	1.92x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	0.67x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.04x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	7.94x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	9.67x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	3.50x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.97x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	0.04x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.31x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-2.36x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-2.28x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.06x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-1.39x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.01x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	2.57x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-2.23x Weak Weak Operating income divided by interest expense Optimal: > 5x	-35.29x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-177.40M	$-471.30M	$-410.30M	$-491.50M	$-17.10M	$-536.20M	$-521.50M	$-336.10M	$-1.00B	$-482.90M	$-334.50M	$-297.20M	$-281.00M	$-401.10M	$-395.40M	$-340.20M	$-286.90M	$-265.60M
Debt / EBITDA (x)	2.57x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.81x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.31x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.82x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.02x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.32x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Jun 28, 2025 10-K ↗	FY 2024 Jun 29, 2024 10-K ↗	FY 2023 Jul 1, 2023 10-K ↗	FY 2022 Jul 2, 2022 10-K ↗	FY 2021 Jul 3, 2021 10-K ↗	FY 2020 Jun 27, 2020 10-K ↗	FY 2019 Jun 29, 2019 10-K ↗	FY 2018 Jun 30, 2018 10-K ↗	FY 2017 Jul 1, 2017 10-K ↗	FY 2016 Jul 2, 2016 10-K ↗	FY 2015 Jun 27, 2015 10-K ↗	FY 2014 Jun 28, 2014 10-K ↗	FY 2013 Jun 29, 2013 10-K ↗	FY 2012 Jun 30, 2012 10-K ↗	FY 2011 Jul 2, 2011 10-K ↗	FY 2010 Jul 3, 2010 10-K ↗	FY 2009 Jun 27, 2009 10-K ↗	FY 2008 Jun 28, 2008 10-K ↗
Revenue per Share (USD)	$4.87	$4.49	$4.92	$5.60	$5.24	$4.95	$4.96	$3.86	$3.53	$3.87	$3.76	$7.44	$7.14	$7.23	$8.04	$6.23	$5.95	—
Basic EPS, GAAP (USD)	$0.16	$-0.12	$0.11	$0.07	$0.30	$0.13	$0.02	$-0.21	$0.73	$-0.42	—	$-0.08	$0.24	$-0.24	$0.32	$-0.28	$-4.22	—
Free Cash Flow per Share (USD)	$0.28	$0.44	$0.28	$0.46	$0.84	$0.45	$0.41	$0.10	$0.18	$0.07	$-0.08	$0.33	$0.52	$0.20	$0.39	$0.36	$0.24	—
Book Value per Share (USD)	$3.50	$3.07	$3.11	$2.97	$3.35	$3.12	$3.17	$3.24	$3.45	$2.97	$4.69	$5.16	$4.90	$4.48	$4.67	$4.11	—	—
Tangible Book Value per Share (USD)	$0.24	$0.86	$0.80	$1.02	$1.23	$0.80	$0.58	$0.72	$2.65	$2.06	$3.21	$3.23	$3.78	$3.41	$3.17	$2.20	—	—
Basic Weighted Avg Shares (shares)	222.50M	222.60M	224.60M	230.90M	228.70M	229.40M	228.10M	227.10M	229.90M	234.00M	232.70M	234.20M	235.00M	230.00M	224.40M	218.90M	215.60M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Jun 28, 2025 10-K ↗	FY 2024 Jun 29, 2024 10-K ↗	FY 2023 Jul 1, 2023 10-K ↗	FY 2022 Jul 2, 2022 10-K ↗	FY 2021 Jul 3, 2021 10-K ↗	FY 2020 Jun 27, 2020 10-K ↗	FY 2019 Jun 29, 2019 10-K ↗	FY 2018 Jun 30, 2018 10-K ↗	FY 2017 Jul 1, 2017 10-K ↗	FY 2016 Jul 2, 2016 10-K ↗	FY 2015 Jun 27, 2015 10-K ↗	FY 2014 Jun 28, 2014 10-K ↗	FY 2013 Jun 29, 2013 10-K ↗	FY 2012 Jun 30, 2012 10-K ↗	FY 2011 Jul 2, 2011 10-K ↗	FY 2010 Jul 3, 2010 10-K ↗	FY 2009 Jun 27, 2009 10-K ↗	FY 2008 Jun 28, 2008 10-K ↗
Working Capital (USD)	$295.50M	$629.40M	$601.50M	$635.80M	$364.70M	$680.80M	$632.80M	$602.00M	$1.44B	$985.30M	$1.00B	$1.00B	$682.60M	$656.10M	$885.50M	$723.70M	—	—
LT Debt (USD)	—	—	—	—	$224.10M	—	—	—	—	—	—	—	$0.00	—	—	—	—	—
Total Equity (USD)	$780.20M	$681.60M	$690.80M	$671.70M	$763.90M	$711.40M	$725.80M	$734.90M	$786.40M	$689.30M	$1.10B	$1.19B	$1.16B	$1.04B	$1.07B	$908.70M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Jun 28, 2025 10-K ↗	FY 2024 Jun 29, 2024 10-K ↗	FY 2023 Jul 1, 2023 10-K ↗	FY 2022 Jul 2, 2022 10-K ↗	FY 2021 Jul 3, 2021 10-K ↗	FY 2020 Jun 27, 2020 10-K ↗	FY 2019 Jun 29, 2019 10-K ↗	FY 2018 Jun 30, 2018 10-K ↗	FY 2017 Jul 1, 2017 10-K ↗	FY 2016 Jul 2, 2016 10-K ↗	FY 2015 Jun 27, 2015 10-K ↗	FY 2014 Jun 28, 2014 10-K ↗	FY 2013 Jun 29, 2013 10-K ↗	FY 2012 Jun 30, 2012 10-K ↗	FY 2011 Jul 2, 2011 10-K ↗	FY 2010 Jul 3, 2010 10-K ↗	FY 2009 Jun 27, 2009 10-K ↗	FY 2008 Jun 28, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$1.08B	$1.00B	$1.11B	$1.29B	$1.20B	$1.14B	$1.13B	$875.70M	$811.40M	$906.30M	$873.90M	$1.74B	$1.68B	$1.66B	$1.80B	$1.36B	$1.28B	—
Depreciation Expense (USD)	$38.40M	$38.60M	$36.20M	$35.70M	$35.80M	$40.00M	$39.70M	$35.70M	$29.40M	$38.10M	$80.80M	$72.50M	$68.40M	$70.30M	$64.10M	$58.30M	$68.50M	—
Net Income, GAAP (USD)	$34.80M	$-25.80M	$25.50M	$15.50M	$67.50M	$28.70M	$5.40M	$-48.60M	$166.90M	$-99.20M	$-88.10M	$-17.80M	$57.00M	$-55.60M	$71.60M	$-61.80M	$-909.50M	—
Operating Cash Flow (USD)	$89.80M	$116.40M	$114.10M	$178.10M	$243.30M	$135.60M	$138.80M	$66.00M	$80.00M	$52.90M	$82.30M	$176.60M	$187.80M	$119.10M	$205.30M	$119.20M	$107.40M	—

VIAVI SOLUTIONS INC.

Analytical Summary

18-Year Financial Trajectory

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