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Side-by-side financial comparison of ASCENTAGE PHARMA GROUP INTERNATIONAL (AAPG) and FREQUENCY ELECTRONICS INC (FEIM). Click either name above to swap in a different company.

ASCENTAGE PHARMA GROUP INTERNATIONAL is the larger business by last-quarter revenue ($32.6M vs $17.1M, roughly 1.9× FREQUENCY ELECTRONICS INC).

Ascentage Pharma Group International is a global clinical-stage biotechnology company specializing in developing novel targeted therapies for cancers, chronic viral infections, and age-related diseases. It focuses on small molecule drugs targeting apoptosis pathways and other key oncogenic mechanisms, with operations spanning China, the U.S., and other global markets, serving patients with unmet medical needs worldwide.

Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.

AAPG vs FEIM — Head-to-Head

Bigger by revenue
AAPG
AAPG
1.9× larger
AAPG
$32.6M
$17.1M
FEIM

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
AAPG
AAPG
FEIM
FEIM
Revenue
$32.6M
$17.1M
Net Profit
$11.4M
$1.8M
Gross Margin
90.7%
38.2%
Operating Margin
10.0%
Net Margin
10.5%
Revenue YoY
8.3%
Net Profit YoY
-32.1%
EPS (diluted)
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAPG
AAPG
FEIM
FEIM
Q4 25
$17.1M
Q3 25
$13.8M
Q2 25
$32.6M
$20.0M
Q1 25
$18.9M
Q4 24
$15.8M
Q3 24
$15.1M
Q2 24
$15.6M
Q1 24
$13.7M
Net Profit
AAPG
AAPG
FEIM
FEIM
Q4 25
$1.8M
Q3 25
$634.0K
Q2 25
$11.4M
$3.2M
Q1 25
$15.4M
Q4 24
$2.7M
Q3 24
$2.4M
Q2 24
$2.6M
Q1 24
$130.0K
Gross Margin
AAPG
AAPG
FEIM
FEIM
Q4 25
38.2%
Q3 25
36.8%
Q2 25
90.7%
37.5%
Q1 25
43.8%
Q4 24
48.2%
Q3 24
44.4%
Q2 24
40.3%
Q1 24
22.6%
Operating Margin
AAPG
AAPG
FEIM
FEIM
Q4 25
10.0%
Q3 25
2.6%
Q2 25
16.4%
Q1 25
18.3%
Q4 24
16.5%
Q3 24
15.7%
Q2 24
16.0%
Q1 24
-3.4%
Net Margin
AAPG
AAPG
FEIM
FEIM
Q4 25
10.5%
Q3 25
4.6%
Q2 25
16.0%
Q1 25
81.4%
Q4 24
16.8%
Q3 24
16.1%
Q2 24
16.9%
Q1 24
0.9%
EPS (diluted)
AAPG
AAPG
FEIM
FEIM
Q4 25
$0.18
Q3 25
$0.07
Q2 25
$0.33
Q1 25
$1.60
Q4 24
$0.28
Q3 24
$0.25
Q2 24
$0.28
Q1 24
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAPG
AAPG
FEIM
FEIM
Cash + ST InvestmentsLiquidity on hand
$3.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.5M
Total Assets
$92.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAPG
AAPG
FEIM
FEIM
Q4 25
$3.0M
Q3 25
$4.5M
Q2 25
$4.7M
Q1 25
$5.5M
Q4 24
$9.7M
Q3 24
$16.2M
Q2 24
$18.3M
Q1 24
$11.7M
Stockholders' Equity
AAPG
AAPG
FEIM
FEIM
Q4 25
$58.5M
Q3 25
$56.3M
Q2 25
$55.6M
Q1 25
$51.8M
Q4 24
$36.2M
Q3 24
$33.2M
Q2 24
$39.8M
Q1 24
$36.7M
Total Assets
AAPG
AAPG
FEIM
FEIM
Q4 25
$92.3M
Q3 25
$93.2M
Q2 25
$93.7M
Q1 25
$86.4M
Q4 24
$77.8M
Q3 24
$84.3M
Q2 24
$83.3M
Q1 24
$77.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAPG
AAPG
FEIM
FEIM
Operating Cash FlowLast quarter
$-523.0K
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.6%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAPG
AAPG
FEIM
FEIM
Q4 25
$-523.0K
Q3 25
$1.2M
Q2 25
$-155.0K
Q1 25
$-3.6M
Q4 24
$3.8M
Q3 24
$-1.5M
Q2 24
$7.5M
Q1 24
$4.2M
Free Cash Flow
AAPG
AAPG
FEIM
FEIM
Q4 25
$-1.1M
Q3 25
$385.0K
Q2 25
$-786.0K
Q1 25
$-4.0M
Q4 24
$3.3M
Q3 24
$-1.8M
Q2 24
$6.7M
Q1 24
$3.9M
FCF Margin
AAPG
AAPG
FEIM
FEIM
Q4 25
-6.6%
Q3 25
2.8%
Q2 25
-3.9%
Q1 25
-20.9%
Q4 24
20.8%
Q3 24
-11.8%
Q2 24
42.8%
Q1 24
28.4%
Capex Intensity
AAPG
AAPG
FEIM
FEIM
Q4 25
3.6%
Q3 25
5.6%
Q2 25
3.2%
Q1 25
1.7%
Q4 24
3.3%
Q3 24
2.2%
Q2 24
5.3%
Q1 24
2.3%
Cash Conversion
AAPG
AAPG
FEIM
FEIM
Q4 25
-0.29×
Q3 25
1.83×
Q2 25
-0.05×
Q1 25
-0.24×
Q4 24
1.44×
Q3 24
-0.60×
Q2 24
2.85×
Q1 24
32.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAPG
AAPG

Products$29.7M91%
Others$2.9M9%

FEIM
FEIM

POC Revenue$14.8M86%
POT Revenue$2.3M13%

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