vs
Side-by-side financial comparison of Arteris, Inc. (AIP) and FREQUENCY ELECTRONICS INC (FEIM). Click either name above to swap in a different company.
Arteris, Inc. is the larger business by last-quarter revenue ($20.1M vs $17.1M, roughly 1.2× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -42.2%, a 52.7% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 8.3%). Arteris, Inc. produced more free cash flow last quarter ($3.0M vs $-1.1M). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs 11.8%).
Arteris, Inc. is a multinational technology company headquartered in Campbell, California. It develops the network-on-chip (NoC) IP and system-on-chip (SoC) integration automation software that is used to create semiconductor chip and chiplet designs for a variety of devices, particularly in automotive electronics, artificial intelligence, machine learning, enterprise computing, communications, consumer, industrial, and aerospace & defense markets. The company specializes in the development a...
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.
AIP vs FEIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $17.1M |
| Net Profit | $-8.5M | $1.8M |
| Gross Margin | 90.8% | 38.2% |
| Operating Margin | -42.0% | 10.0% |
| Net Margin | -42.2% | 10.5% |
| Revenue YoY | 30.0% | 8.3% |
| Net Profit YoY | -3.7% | -32.1% |
| EPS (diluted) | $-0.19 | $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 | $20.1M | $17.1M | ||
| Q3 25 | $17.4M | $13.8M | ||
| Q2 25 | $16.5M | $20.0M | ||
| Q1 25 | $16.5M | $18.9M | ||
| Q4 24 | $15.5M | $15.8M | ||
| Q3 24 | $14.7M | $15.1M | ||
| Q2 24 | $14.6M | $15.6M | ||
| Q1 24 | $12.9M | $13.7M |
| Q4 25 | $-8.5M | $1.8M | ||
| Q3 25 | $-9.0M | $634.0K | ||
| Q2 25 | $-9.1M | $3.2M | ||
| Q1 25 | $-8.1M | $15.4M | ||
| Q4 24 | $-8.2M | $2.7M | ||
| Q3 24 | $-7.7M | $2.4M | ||
| Q2 24 | $-8.3M | $2.6M | ||
| Q1 24 | $-9.4M | $130.0K |
| Q4 25 | 90.8% | 38.2% | ||
| Q3 25 | 89.9% | 36.8% | ||
| Q2 25 | 89.4% | 37.5% | ||
| Q1 25 | 90.8% | 43.8% | ||
| Q4 24 | 89.8% | 48.2% | ||
| Q3 24 | 90.1% | 44.4% | ||
| Q2 24 | 90.0% | 40.3% | ||
| Q1 24 | 88.7% | 22.6% |
| Q4 25 | -42.0% | 10.0% | ||
| Q3 25 | -50.1% | 2.6% | ||
| Q2 25 | -50.0% | 16.4% | ||
| Q1 25 | -46.6% | 18.3% | ||
| Q4 24 | -45.9% | 16.5% | ||
| Q3 24 | -53.8% | 15.7% | ||
| Q2 24 | -51.1% | 16.0% | ||
| Q1 24 | -70.5% | -3.4% |
| Q4 25 | -42.2% | 10.5% | ||
| Q3 25 | -51.6% | 4.6% | ||
| Q2 25 | -55.3% | 16.0% | ||
| Q1 25 | -49.1% | 81.4% | ||
| Q4 24 | -53.0% | 16.8% | ||
| Q3 24 | -52.2% | 16.1% | ||
| Q2 24 | -57.2% | 16.9% | ||
| Q1 24 | -72.6% | 0.9% |
| Q4 25 | $-0.19 | $0.18 | ||
| Q3 25 | $-0.21 | $0.07 | ||
| Q2 25 | $-0.22 | $0.33 | ||
| Q1 25 | $-0.20 | $1.60 | ||
| Q4 24 | $-0.19 | $0.28 | ||
| Q3 24 | $-0.20 | $0.25 | ||
| Q2 24 | $-0.22 | $0.28 | ||
| Q1 24 | $-0.25 | $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 | $33.9M | $3.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-14.6M | $58.5M |
| Total Assets | $115.0M | $92.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.9M | $3.0M | ||
| Q3 25 | $39.0M | $4.5M | ||
| Q2 25 | $38.0M | $4.7M | ||
| Q1 25 | $42.3M | $5.5M | ||
| Q4 24 | $43.8M | $9.7M | ||
| Q3 24 | $48.7M | $16.2M | ||
| Q2 24 | $45.8M | $18.3M | ||
| Q1 24 | $44.8M | $11.7M |
| Q4 25 | $-14.6M | $58.5M | ||
| Q3 25 | $-11.4M | $56.3M | ||
| Q2 25 | $-7.5M | $55.6M | ||
| Q1 25 | $-4.8M | $51.8M | ||
| Q4 24 | $-1.2M | $36.2M | ||
| Q3 24 | $2.2M | $33.2M | ||
| Q2 24 | $5.3M | $39.8M | ||
| Q1 24 | $9.5M | $36.7M |
| Q4 25 | $115.0M | $92.3M | ||
| Q3 25 | $107.7M | $93.2M | ||
| Q2 25 | $106.9M | $93.7M | ||
| Q1 25 | $98.3M | $86.4M | ||
| Q4 24 | $106.1M | $77.8M | ||
| Q3 24 | $97.7M | $84.3M | ||
| Q2 24 | $96.4M | $83.3M | ||
| Q1 24 | $101.4M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.2M | $-523.0K |
| Free Cash FlowOCF − Capex | $3.0M | $-1.1M |
| FCF MarginFCF / Revenue | 15.1% | -6.6% |
| Capex IntensityCapex / Revenue | 0.7% | 3.6% |
| Cash ConversionOCF / Net Profit | — | -0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $-5.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $-523.0K | ||
| Q3 25 | $3.2M | $1.2M | ||
| Q2 25 | $-2.5M | $-155.0K | ||
| Q1 25 | $2.9M | $-3.6M | ||
| Q4 24 | $-2.6M | $3.8M | ||
| Q3 24 | $1.1M | $-1.5M | ||
| Q2 24 | $311.0K | $7.5M | ||
| Q1 24 | $477.0K | $4.2M |
| Q4 25 | $3.0M | $-1.1M | ||
| Q3 25 | $2.5M | $385.0K | ||
| Q2 25 | $-2.8M | $-786.0K | ||
| Q1 25 | $2.7M | $-4.0M | ||
| Q4 24 | $-2.7M | $3.3M | ||
| Q3 24 | $1.1M | $-1.8M | ||
| Q2 24 | $264.0K | $6.7M | ||
| Q1 24 | $281.0K | $3.9M |
| Q4 25 | 15.1% | -6.6% | ||
| Q3 25 | 14.2% | 2.8% | ||
| Q2 25 | -17.2% | -3.9% | ||
| Q1 25 | 16.2% | -20.9% | ||
| Q4 24 | -17.3% | 20.8% | ||
| Q3 24 | 7.4% | -11.8% | ||
| Q2 24 | 1.8% | 42.8% | ||
| Q1 24 | 2.2% | 28.4% |
| Q4 25 | 0.7% | 3.6% | ||
| Q3 25 | 4.1% | 5.6% | ||
| Q2 25 | 2.2% | 3.2% | ||
| Q1 25 | 1.1% | 1.7% | ||
| Q4 24 | 0.3% | 3.3% | ||
| Q3 24 | 0.2% | 2.2% | ||
| Q2 24 | 0.3% | 5.3% | ||
| Q1 24 | 1.5% | 2.3% |
| 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
AIP
| License And Maintenance | $17.5M | 87% |
| Variable Royalties And Other | $2.6M | 13% |
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
