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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and FREQUENCY ELECTRONICS INC (FEIM). Click either name above to swap in a different company.
FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $13.2M, roughly 1.3× Ares Commercial Real Estate Corp). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -29.2%, a 39.8% gap on every dollar of revenue. On growth, FREQUENCY ELECTRONICS INC posted the faster year-over-year revenue change (8.3% vs -24.5%). Over the past eight quarters, FREQUENCY ELECTRONICS INC's revenue compounded faster (11.8% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
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.
ACRE vs FEIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $17.1M |
| Net Profit | $-3.9M | $1.8M |
| Gross Margin | — | 38.2% |
| Operating Margin | -29.2% | 10.0% |
| Net Margin | -29.2% | 10.5% |
| Revenue YoY | -24.5% | 8.3% |
| Net Profit YoY | 63.8% | -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.
| Q4 25 | $13.2M | $17.1M | ||
| Q3 25 | $14.1M | $13.8M | ||
| Q2 25 | $12.6M | $20.0M | ||
| Q1 25 | $14.9M | $18.9M | ||
| Q4 24 | $17.5M | $15.8M | ||
| Q3 24 | $16.7M | $15.1M | ||
| Q2 24 | $16.8M | $15.6M | ||
| Q1 24 | $18.7M | $13.7M |
| Q4 25 | $-3.9M | $1.8M | ||
| Q3 25 | $4.7M | $634.0K | ||
| Q2 25 | $-11.0M | $3.2M | ||
| Q1 25 | $9.3M | $15.4M | ||
| Q4 24 | $-10.7M | $2.7M | ||
| Q3 24 | $-5.9M | $2.4M | ||
| Q2 24 | $-6.1M | $2.6M | ||
| Q1 24 | $-12.3M | $130.0K |
| Q4 25 | — | 38.2% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 37.5% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 44.4% | ||
| Q2 24 | — | 40.3% | ||
| Q1 24 | — | 22.6% |
| Q4 25 | -29.2% | 10.0% | ||
| Q3 25 | 33.0% | 2.6% | ||
| Q2 25 | -87.8% | 16.4% | ||
| Q1 25 | 64.4% | 18.3% | ||
| Q4 24 | -61.0% | 16.5% | ||
| Q3 24 | -35.3% | 15.7% | ||
| Q2 24 | -36.5% | 16.0% | ||
| Q1 24 | -65.9% | -3.4% |
| Q4 25 | -29.2% | 10.5% | ||
| Q3 25 | 33.0% | 4.6% | ||
| Q2 25 | -87.8% | 16.0% | ||
| Q1 25 | 62.5% | 81.4% | ||
| Q4 24 | -60.9% | 16.8% | ||
| Q3 24 | -35.3% | 16.1% | ||
| Q2 24 | -36.5% | 16.9% | ||
| Q1 24 | -65.9% | 0.9% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | $3.0M |
| Total DebtLower is stronger | $948.2M | — |
| Stockholders' EquityBook value | $509.6M | $58.5M |
| Total Assets | $1.6B | $92.3M |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $3.0M | ||
| Q3 25 | $84.9M | $4.5M | ||
| Q2 25 | $90.0M | $4.7M | ||
| Q1 25 | $125.5M | $5.5M | ||
| Q4 24 | $63.8M | $9.7M | ||
| Q3 24 | $68.9M | $16.2M | ||
| Q2 24 | $70.6M | $18.3M | ||
| Q1 24 | $99.5M | $11.7M |
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $509.6M | $58.5M | ||
| Q3 25 | $521.0M | $56.3M | ||
| Q2 25 | $523.7M | $55.6M | ||
| Q1 25 | $542.1M | $51.8M | ||
| Q4 24 | $540.1M | $36.2M | ||
| Q3 24 | $563.8M | $33.2M | ||
| Q2 24 | $582.3M | $39.8M | ||
| Q1 24 | $601.1M | $36.7M |
| Q4 25 | $1.6B | $92.3M | ||
| Q3 25 | $1.4B | $93.2M | ||
| Q2 25 | $1.4B | $93.7M | ||
| Q1 25 | $1.5B | $86.4M | ||
| Q4 24 | $1.8B | $77.8M | ||
| Q3 24 | $1.9B | $84.3M | ||
| Q2 24 | $2.1B | $83.3M | ||
| Q1 24 | $2.1B | $77.7M |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $-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.
| Q4 25 | $21.4M | $-523.0K | ||
| Q3 25 | $3.8M | $1.2M | ||
| Q2 25 | $4.9M | $-155.0K | ||
| Q1 25 | $8.0M | $-3.6M | ||
| Q4 24 | $35.5M | $3.8M | ||
| Q3 24 | $8.4M | $-1.5M | ||
| Q2 24 | $8.7M | $7.5M | ||
| Q1 24 | $11.4M | $4.2M |
| 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 |
| 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% |
| 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% |
| Q4 25 | — | -0.29× | ||
| Q3 25 | 0.82× | 1.83× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | 0.86× | -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
ACRE
Segment breakdown not available.
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
