Mitel Networks's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Mitel Networks (MITL) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Mitel Networks vs Its Competitors
- TTM: Trailing 12-month revenue of 1,304M vs 753M combined for its competitors (63.4% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-25.9% annualized vs trailing 12 months), vs decelerating (-61.5%) for its tracked peer group.
- Growth: Mitel Networks generated 3.0% revenue growth year over year in Q1 2017, vs 14.7% for its competitors combined.
- Profitability: Its -11.1% net margin compares with -0.8% for the peer group.
- Peer revenue share: Mitel Networks accounted for 76.9% of combined revenue among its tracked peer group, down from 78.8% a year earlier.
- Peer differentiation: Revenue per employee of $0.34M compares with $1.81M for the peer group (0.2x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MITL Sales vs. its Competitors, Q1 2017
Mitel Networks reported revenue growth of 2.99 % year on year in Q1 2017, below its competitors' combined revenue growth of 14.72 %.
With a net margin of -11.10 %, Mitel Networks reported lower profitability than its competitors (-0.75 %).
Mitel Networks generated 76.91 % of the combined sales of its peer group, down from 78.78 % a year earlier.
API endpoints for this dataset
Mitel Networks vs. its Competitors, Q1 2017
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Mitel Networks reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Mitel Networks and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Mitel Networks Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Mitel Networks's competitor groups requires a Commercial License.
For context: the Communications Equipment industry grew revenue 5.1% year over year, combined, vs 3.0% for Mitel Networks. Mitel Networks's share of combined industry revenue moved from 0.37% to 0.36%, a loss of 0.01 percentage points.
Mitel Networks's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Mitel Networks Corp | No | Yes | Yes | No |
| Competitors combined (1) | ||||
| High-Confidence Competitors (3) | ||||
| Similar Growth & Profitability (8) | 62.50 % (5 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MITL Stock Performance relative to its Competitors
MITL Stock Performance relative to High-Confidence Competitors
MITL Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | 8x8 Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Mitel Networks's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Mitel Networks Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Mitel Networks Corp |
1,370.34 | 1,304.00 |
 8x8 Inc |
338.07 | 753.44 |
| SUBTOTAL | 1,708.40 | 2,057.44 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Mitel Networks Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Mitel Networks's Competitors Named by the Company
Competitive relationships identified from Mitel Networks reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Ooma Inc | Company report | 85% |
| Crexendo Inc | Company report | 85% |
| 8x8 Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Mitel Networks's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Mitel Networks's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Mitel Networks Corp | 1,370 | 341,361 | -3,665 |
| 8x8 Inc | 338 | 1,811,154 | 17,750 |
| PEERS TOTAL | 338 | 1,811,154 | 17,750 |
Mitel Networks's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| 8x8 Inc | United States 62.15 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Mitel Networks's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Communications Equipment industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (46 companies). See the full Communications Equipment industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 57.67 % | 30.13 % (avg) | +27.5 pp |
| Operating Margin | -0.67 % | industry median | -6.4 pp |
| EBITDA Margin | 2.95 % | 0.40 % (avg) | +2.6 pp |
| Capital Intensity (Capex / Revenue) | 1.27 % | 3.50 % (avg) | -2.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Mitel Networks's Valuation vs Competitive Position
Valuation multiples vs the Communications Equipment industry average (46 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Communications Equipment industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 41.8x | - |
| EV / EBITDA | 49.1x | 18.0x | +31.1x |
| P/B | 3.6x | 4.1x | -0.5x |
| Return on Equity | -3.71 % | industry aggregate | -3.68 % |
| Return on Invested Capital | -0.57 % | -4.33 % (avg) | 3.76 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Mitel Networks's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2014 | 2015 | 2016 | 2017 |
|---|---|---|---|---|
| Revenue Growth | 90.54 % | -7.08 % | -3.72 % | 7.24 % |
| Operating Margin | 0.09 % | -0.99 % | 7.57 % | -2.81 % |
| Return on Invested Capital | 0.07 % | -0.53 % | 3.92 % | -2.16 % |
| P/E | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Mitel Networks's Strategic Group Map
Mitel Networks is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Mitel Networks's trailing-12-month revenue growth of 35.4% and operating margin of -0.7% compares with an average of 15.3% growth and 1.5% margin across its 8 closest peers by combined growth, margin and ROIC -- Mitel Networks sits above that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Mitel Networks's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.27 % vs industry average 3.50 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Mitel Networks's dedicated Suppliers and Customers pages, not here.
Mitel Networks's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Mitel Networks falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Mitel Networks's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 6.4 points below the industry median.
- Latest-quarter revenue run-rate is decelerating (-25.9% annualized vs trailing 12 months).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-61.5% annualized).
Methodology: see Methodology: SWOT Analysis.
Mitel Networks's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Mitel Networks Corp | 0.10 | 1.02 | 1.55 |
| 8x8 Inc | 0.44 | 1.01 | 3.42 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Mitel Networks's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Mitel Networks Corp | Q3 2017 | +28.2 % | - |
| 8x8 Inc | Q3 2026 | +4.7 % | +341.7 % |
| PEERS TOTAL | +18.1 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Mitel Networks's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Mitel Networks Corp | Q3 2017 | +16.4 % | - |
| 8x8 Inc | Q3 2026 | +21.0 % | -42.2 % |
Mitel Networks's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Mitel Networks Corp | - | - | - |
| 8x8 Inc | 1.11% | 1.22% | 4.98% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Mitel Networks's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Mitel Networks Corp | - | 1.05 |
| 8x8 Inc | 45.59 | 0.45 |
| PEERS AVERAGE | - | 0.83 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.