Anterix (ATEX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Anterix

NasdaqCM•Communication Services•Telecom Services

$76.22+0.26(<0.01%)Pre-market

Market Cap

$1.47B

P/E

22.4x

P/S

208.7x

P/B

5.1x

Anterix Inc. operates as holder of licensed 900 MHz spectrum with coverage spanning the contiguous to utility and critical infrastructure enterprise customers in the United States, Hawaii, Alaska, and Puerto Rico. It offers TowerX, a tower site access services; CatalyX, a turnkey connectivity management solution; and Anterix Active Ecosystem. The company was formerly known as pdvWireless, Inc. and changed its name to Anterix Inc. in August 2019. Anterix Inc. was incorporated in 1997 and is based in Woodland Park, New Jersey.

How this company scores

AverageMetricSide Score: 57/100

Strongest: Profitability (22/25); weakest: Cash & Earnings Quality (9/25).

Profitability22/25

Growth11/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality9/25

Strengths

Strong marginsHigh ROERising earningsInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.4x5y range 6.6x – 101.1x

Currently near its 7-quarter median.

P/S · 208.7x5y range 37.8x – 1029.8x

Currently below its 20-quarter median.

P/B · 5.1x5y range 1.7x – 5.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $1.47B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $7.04M
Q. Revenue: $1.96M
TTM EBITDA: $71.64M
TTM Op. Income: $71.20M
Q. Op. Income: $-246,000
TTM Net Income: $65.69M
Q. Net Income: $240,000
EPS: $0.01
Shares Out.: $19.09M

$7.04M in TTM revenue declined 29.4% YoY, reaching $1.96M last quarter. TTM EBITDA of $71.64M and TTM operating income of $71.20M show growth is flowing through to the bottom line. TTM net income of $65.69M means revenue is converting into profit. Over the past year, TTM revenue is down 29% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -7.4%
Op. Margin: -12.6%
Net Margin: 12.3%

Op. margin of -12.6% is down 1598.0% YoY — costs are rising relative to revenue. Net margin at 12.3% Over the past year, operating margin is down 101% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.4x
P/S Ratio: 208.7x
P/B Ratio: 5.1x

At 22.4x P/E, the stock trades within typical market levels. P/S of 208.7x and P/B of 5.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 6 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $497.93M
Cash: $116.01M
Long-Term Debt: N/A
Book Value: $285.79M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.04M
TTM Free Cash Flow: $10.63M
FCF Margin: 151.0%
FCF / Net Income: 0.2

TTM FCF of $10.63M on $2.04M in operating cash flow. The FCF / Net Income ratio of 0.2x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.